Company Overview Visit morganstanley.com website
Morgan Stanley Dean Witter is a well-known securities company that was created in September 1929 by Henry S. Morgan, Harold Stanley and others. The original name of the company was "Morgan & Stanley". It changed to "Morgan, Stanley & Company" in 1933, when it merged with Philadelphia based Fenner & Beane.
The New York Stock Exchange granted them membership on March 8th, 1934 under the ticker symbol MS. On November 15th, 1949 they acquired F.A. Willard & Co., which made them an exclusive national brokerage firm for all types of transactions including block trades (large volumes). For years after this acquisition Morgan Stanley focused mainly on institutional business until the 1980s when they started to expand their retail operations.
In 2006, the company became a public entity and was listed on The New York Stock Exchange under the ticker symbol MS. In 2007, the U.S. Department of State's Bureau of Diplomatic Security quoted information from Morgan Stanley Dean Witter's brochure for investors in their annual terrorism report as part of an advisory to American citizens travelling abroad.
As of today, Morgan Stanley provides services for investment banking, securities, trading & private wealth management. The company had a revenue of $13,7 billion in 2009 and it is one of the top ten companies with highest market capitalization on Wall Street. It has more than 1 million clients across 43 countries worldwide and employs over 52 thousand people globally.