The Wall Street giant's money management arm will expand its footprint in Arizona later this year.

Morgan Stanley will open a new wealth management branch in Gilbert, Arizona in July, it announced yesterday, creating 250 new jobs over the next few years. 

The new office will bolster the bank’s Client Advisory Center, which services wealth clients remotely, and will also include support staff for clients of Morgan Stanley Access Investing, its robo-advisor. 

“We are excited about our expansion in the Phoenix area given the diverse and talented market,” said Jaime Sobrepera, managing director, wealth management. “This new office is central to supporting our long-term growth strategy and a testament to the investment we are making in our digital offerings and the expected growth across our wealth management business.”