UPDATE 1-Fees fuel 13 percent profit rise at Morgan Stanley wealth unit
April 17, 2014 at 14:41 PM EDT
NEW YORK, April 17 (Reuters) - Morgan Stanley's big bet on wealth management is looking strong as fees, commissions and interest collected by its more than 16,000 brokers fueled a 13 percent rise in the business's first-quarter net income from a year earlier to $423 million, the company said Thursday.