Morgan Stanley Wealth Management

Morgan Stanley Wealth Management

Company type	Private
Industry	Financial services
Founded	2009; 15 years ago (2009)
Founder	Henry S. Morgan, Harold Stanley, Charles D. Barney, Edward B. Smith
Headquarters	Purchase, New York , U.S.
Area served	Worldwide
Key people	James P. Gorman (chairman)
Products	Retail brokerage, asset management, investment banking
Revenue	US$17,242 billion (2018)
Operating income	US$4,521 billion (2018)
Net income	US$3,472 billion (2018)
AUM	US$2.05 trillion (2014)
Number of employees	17,646 (2011)
Parent	Morgan Stanley
Website	www.morganstanleyindividual.com

Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of Citi Global Wealth Management. The combined brokerage house has 17,646 financial advisors and manages $2 trillion in client assets.^[1] Clients range from individual investors to small- and mid-sized businesses, as well as large corporations, non-profit organizations and family foundations.

On September 25, 2012, Morgan Stanley announced that its U.S. wealth management business was renamed "Morgan Stanley Wealth Management". The broker-dealer designation for Morgan Stanley Wealth Management will remain "Morgan Stanley Smith Barney LLC".^[2]