Search results
People also ask
Does Morgan Stanley own Smith Barney?
When did Smith Barney merge with Citigroup?
What happened to Morgan Stanley Wealth Management?
Who is Morgan Stanley Smith Barney?
Who owns Smith Barney?
Does Morgan Stanley own MSWM?
In the late 1980s, the retail brokerage firm Smith Barney was owned by Sanford I. Weill 's Primerica Corporation. Commercial Credit purchased Primerica in 1988, for $1.5 billion ($3,864,378,165 today).
Sep 25, 2012 · Morgan Stanley on September 11 announced an agreement with Citigroup to increase its majority ownership of MSWM such that Morgan Stanley will assume full control by June of 2015, subject to regulatory approval.
In 2009, Morgan Stanley purchased Smith Barney from Citigroup and the new broker-dealer operates under the name Morgan Stanley Smith Barney, the largest wealth management business in the world.
In 2009, Morgan Stanley established a new broker-dealer that combined Morgan Stanley's Global Wealth Management Group with Citi's Smith Barney in the U.S., Quilter in the UK and Smith Barney Australia retail units into a new wealth management firm.
Oct 1, 2012 · Morgan Stanley announced today that it has renamed its U.S. wealth management business Morgan Stanley Wealth Management, dropping the Smith Barney name from the joint venture it co-owns with...
Jan 13, 2009 · It’s official — Morgan Stanley and Smith Barney are forming a joint venture, to be called Morgan Stanley Smith Barney, according to a joint statement released late Tuesday by Citigroup Inc....
They reached out to Citigroup CEO Vikram Pandit with a bold proposal: Morgan Stanley wanted to form a majority-owned joint venture with Citi’s Smith Barney unit with the goal of ultimately taking over the whole business. For Citigroup, the deal would mean more capital and a likely boost in earnings.
