Reynolds Securities
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Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives (ranking third in the US in 1996) and was among the largest members of the New York Stock Exchange.
Dean Witter Reynolds was an international financial services and securities firm catering to retail clients. Prior to its merger with Morgan Stanley in 1997, it was among the largest retail firms ...
Nov 10, 2022 · Back in 1997, the global investment giant Morgan Stanley merged with brokerage firm Dean Witter Reynolds to become the largest securities company at the time. But the union proved challenging.
- 3 min
- Dylan Croll
Dean Witter Reynolds. Dean Witter Reynolds was a financial services company that was founded in 1924 in New York City. It was named after its founder, Dean Witter, who was a pioneer in the field of securities research and analysis. [1] Dean Witter Reynolds was a full-service brokerage firm that offered a wide range of financial products and ...
The deal, valued at $10.22 billion, was finalized on May 31, 1997, and the new company was named Morgan Stanley, Dean Witter, Discover & Co. Each share of Morgan Stanley stock was converted into 1.65 shares of Dean Witter. The two companies asserted that the merger was mutually beneficial.
Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt ...
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Reynolds Securities was a publicly traded brokerage firm. Founded in 1931 by Richard S. Reynolds, Jr., the firm merged with Dean Witter & Co. to form Dean Witter Reynolds Organization Inc. in 1978, which was then the biggest merger in the history of Wall Street. The firm's tagline, "We work for a world of investors. One at a time."
