 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2009 |
| Founder | Henry S. Morgan, Harold Stanley, Charles D. Barney, Edward B. Smith |
| Headquarters | , U.S. |
Area served | Worldwide |
Key people | James P. Gorman (chairman) |
| Products | Retail brokerage, asset management, investment banking |
| Revenue | US$17,242 billion (2018) |
| US$4,521 billion (2018) | |
| US$3,472 billion (2018) | |
| AUM | US$2.05 trillion (2014) |
Number of employees | 17,646 (2011) |
| Parent | Morgan Stanley |
| Website | www |
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 $2 trillion in client assets.[1] Clients range from individual investors to small- and mid-sized businesses, as well as large corporations, non-profit organizations and family foundations.
On September 25, 2012, Morgan Stanley announced that its U.S. wealth management business was renamed "Morgan Stanley Wealth Management". The broker-dealer designation for Morgan Stanley Wealth Management will remain "Morgan Stanley Smith Barney LLC".[2]
- ^ Kapner, Suzanne; Lucchetti, Aaron (February 22, 2012). "Citigroup Faces Smith Barney up from 546$Billion in november 2007 Hit". The Wall Street Journal. Retrieved May 20, 2012.
- ^ "Morgan Stanley Smith Barney is Now Morgan Stanley Wealth Management" (Press release). Morgan Stanley. Sep 25, 2012. Retrieved October 16, 2012.