Gorman Says Wealth Management Business Is Stable

The video discusses the CEO's impact on market capitalization, which increased by 110%, and the strategic shift towards wealth management to reduce risk. Wealth management is likened to an aircraft carrier for its stability, even in volatile markets. The strategy combines this stability with the dynamic nature of capital markets, creating a powerful mix for investors and clients.

What does the speaker mean by saying that the wealth management business should be stable?

What was the role of John Mack in the strategy discussed?