Is Smith Barney part of Citigroup?
On January 13, 2009, Morgan Stanley and Citigroup announced the merger of Smith Barney with Morgan Stanley’s Global Wealth Management Group, with Morgan Stanley paying $2.7 billion cash upfront to Citigroup for a 51% stake in the joint venture. The joint venture operates as Morgan Stanley Smith Barney.
What kinds of services does Smith Barney offer?
Morgan Stanley Wealth Management, a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance.
How much did Morgan Stanley pay for Smith Barney?
$2.7 billion
Morgan Stanley paid $2.7 billion in upfront cash for a 51 percent stake in what would now be known as Morgan Stanley Smith Barney, giving a new birth to Smith Barney name that had been absent from Wall Street for five years.
How do I get access to Morgan Stanley research?
To access the application, clients should have a valid Client Link account. Consumers who do not have an account can contact their sales representatives. Institutional clients can filter research reports based on the investment profiles.
What is Citi Smith Barney?
Citi’s contribution includes its U.K. wealth-management division Quilter and the Australian unit of Smith Barney. Morgan Stanley Smith Barney will have 22,000 brokers and serve 6.8 million clients around the globe. But the 600 Smith Barney advisers in Citi’s bank branches will continue to work for Citi.
Does Smith Barney still exist?
It’s official — Smith Barney is no more. 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 Citigroup Inc.
Are Morgan Stanley Advisors fiduciaries?
When acting as your investment adviser, we also have fiduciary duties to you and are required to obtain your consent prior to purchasing securities from you, or selling securities to you, for our own accounts (acting as principal).
Is Smith Barney still in business?
Is Citibank owned by Morgan Stanley?
On January 13, 2009, the Global Wealth Management Group was merged with Citi’s Smith Barney to form Morgan Stanley Smith Barney. Morgan Stanley owned 51% of the entity, and Citi holds 49%.
Does Morgan Stanley offer brokerage accounts?
Morgan Stanley is both a registered broker-dealer and investment adviser. Your Morgan Stanley Access Investing (“MSAI”) account is a discretionary investment advisory account.
What is Morgan Stanley access Direct account?
The Morgan Stanley Access Direct account is a self-directed online brokerage account for U.S. residents where trading and other account activities are undertaken at the client’s sole discretion without access to a Financial Advisor.