Recently, Morgan Stanley ( MS - Free Report ) concluded the acquisition of E*TRADE Financial in an all-stock deal worth $13 billion and now holds $3.3 trillion in assets. Last week, the deal received regulatory approval from the Federal Reserve for completion. The deal, which was announced this February, is likely to position Morgan Stanley as a leader in the Wealth Management industry across all channels and segments, with significant increase in the scale and breadth of its franchise.