Morgan Stanley
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Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith ...
In 2009, Morgan Stanley established a new broker-dealer that combined Morgan Stanley's Global Wealth Management Group with Citi's Smith Barney in the U.S., Quilter in the UK and Smith Barney Australia retail units into a new wealth management firm.
During 1950s and 1960s, Morgan Stanley continues to be a leader in helping blue-chip clients tap public markets to finance growth and innovation. EXPLORE 1950 1969
BUILDING THE FOUNDATION. The Founding of Morgan Stanley. At 4 p.m. on the afternoon of September 5, 1935, a small crowd of reporters filed past a row of rolltop desks in the long, narrow partners’ room at J.P. Morgan’s headquarters on 23 Wall Street to await one of the firm’s rare announcements.
In 2009, Morgan Stanley purchased Smith Barney from Citigroup and the new broker-dealer operates under the name Morgan Stanley Smith Barney, the largest wealth management business in the world.
Morgan Stanley was created as a separate investment bank, drawing in capital and talent from J.P. Morgan’s operations. Where does the act stand today? The lines blurred over the years and were essentially removed with the 1999 Financial Services Modernization Act, otherwise known as the Gramm-Leach-Bliley Act.
Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. Wealth Management. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals.
