Morgan Stanley Wealth Management

Morgan Stanley Wealth Management
Company typePrivate
IndustryFinancial services
Founded2009; 15 years ago (2009)
FounderHenry S. Morgan, Harold Stanley, Charles D. Barney, Edward B. Smith
Headquarters,
U.S.
Area served
Worldwide
Key people
James P. Gorman (chairman)
ProductsRetail brokerage, asset management, investment banking
RevenueUS$17,242 billion (2018)
US$4,521 billion (2018)
US$3,472 billion (2018)
AUMUS$2.05 trillion (2014)
Number of employees
17,646 (2011)
ParentMorgan Stanley
Websitewww.morganstanleyindividual.com

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 Barney, which was formerly a division of Citi Global Wealth Management. The combined brokerage house has 17,646 financial advisors and manages $2 trillion in client assets.[1] Clients range from individual investors to small- and mid-sized businesses, as well as large corporations, non-profit organizations and family foundations.

On September 25, 2012, Morgan Stanley announced that its U.S. wealth management business was renamed "Morgan Stanley Wealth Management". The broker-dealer designation for Morgan Stanley Wealth Management will remain "Morgan Stanley Smith Barney LLC".[2]

  1. ^ Kapner, Suzanne; Lucchetti, Aaron (February 22, 2012). "Citigroup Faces Smith Barney up from 546$Billion in november 2007 Hit". The Wall Street Journal. Retrieved May 20, 2012.
  2. ^ "Morgan Stanley Smith Barney is Now Morgan Stanley Wealth Management" (Press release). Morgan Stanley. Sep 25, 2012. Retrieved October 16, 2012.