Wealth Management and the 'Great Normalization' with Lisa Shalett

Masters in Business

Bloomberg

Business, Investing

4.4 • 2.2K Ratings

🗓️ 3 April 2025

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

Barry speaks with Lisa Shalett, Chief Investment Officer at Morgan Stanley. Previously, she was CEO and chairman at Sanford Bernstein, CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models. On this episode, Barry and Lisa discuss the philosophy of managing billions of dollars in assets and wealth management today.

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Transcript

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0:00.0	Something unexpected happened after Jeremy Scott confessed to killing Michelle Schofield in Bone Valley Season 1.
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0:20.9	Listen to new episodes of Bone Valley Season 2, starting April 9th on the IHeart Radio app,
0:26.6	Apple Podcasts, or wherever you get your podcasts.
0:31.2	What caffeinated food stuff is currently suffering a shortage?
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0:50.0	Think you know the answers to these questions?
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0:55.8	It's the news quiz for risk takers.
1:02.4	Bloomberg Audio Studios,
1:05.0	podcasts, radio, news.
1:10.1	This is Masters in Business with Barry Rittholds on Bloomberg Radio.
1:16.3	This week, really, an extra, extra special guest, Lisa Shalett, Chief Investment Officer
1:23.4	at Morgan Stanley, has had a number of fascinating roles in Wall Street, which is kind of amusing
1:30.4	considering she had no interest in working on Wall Street. And yet, she was CEO and chairman
1:37.3	at Sanford Bernstein. She was CIO at Merrill Lynch asset management, and now CIO at both Morgan Stanley wealth management and runs their asset allocation models and their outsourced chief investment officer model.
1:54.8	So she's seen this industry from all sides.
1:58.8	Not only as CEO running operations, running a substantial firm, but as
2:05.1	CIO for Morgan Stanley is over $6 trillion. She is directly responsible for $100 billion.
	...

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