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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.
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...
- 3 min
- Dylan Croll
The resultant company, Dean Witter Reynolds, was the fifth largest broker in the United States. New Ownership and Diversification in the 1980s and Early 1990s. By the late 1970s, Sears, the largest retailer in the world, was facing several challenges.
Dean Witter - Morgan Stanley form No. 1 securities firm John Mack, then president of Morgan Stanley, agreed that the synergies were compelling. At the time of the merger, Dean Witter had more than 360 branch offices with 9,000 Account Executives.
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.
Morgan Stanley and Dean Witter merged in 1997, creating America's largest asset management company and securities firm in terms of equity capital. The resulting name, Morgan Stanley, Dean Witter, Discover & Company, was shortened to Morgan Stanley in March 2001.
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...
