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Sep 25, 2012 · Morgan Stanley (NYSE: MS) today announced that its U.S. wealth management business, Morgan Stanley Smith Barney, has been renamed Morgan Stanley Wealth Management (MSWM). Morgan Stanley Wealth Management is an industry leader, managing $1.7 trillion in client assets through a network of 17,000 representatives in 740 locations.
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The new venture, called Morgan Stanley Smith Barney, was supposed to launch during the third quarter. The combined entity generates about $14 billion in net revenue, has 18,500 financial advisors, 1,000 locations worldwide and serves about 6.8 million households.
At Morgan Stanley, our premier brand, robust resources and market leadership can offer you a new opportunity to grow your practice and continue to fulfill on your commitment to deliver tailored wealth management advice that helps your clients reach their financial goals.
Morgan Stanley Smith Barney LLC operates as a brokerage firm and investment advisor. The Company buys and sells securities such as stocks, bonds, mutual funds, and other investment...
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
The broker-dealer designation for Morgan Stanley Wealth Management is Morgan Stanley Smith Barney. As a broker-dealer, Morgan Stanley will make securities transactions on your behalf, among other services.