Morgan Stanley Wealth Management

Morgan Stanley Smith Barney is a joint venture between Morgan Stanley and Citigroup and worked in asset management.

In January 2009, the Global Wealth Management Division of Morgan Stanley with Smith Barney, a subsidiary of Citigroup, was summarized. Morgan Stanley holds in this joint venture 51%, Citigroup Smith Barney, the rest was settled by then in the field of Citigroup Global Capital Markets. Originally, the entire investment banking business of Citigroup ran under the name of Salomon Smith Barney, before it was renamed Citigroup Global Capital Markets.

Smith Barney was founded by Charles Barney and Edward B. Smith in the 19th century in Philadelphia. The bank was in stages from Primerica and then Traveler's Corp.. ( the 1998 Citigroup merged ) applied. Salomon Smith Barney was created in 1997 out of the merger of the brokerage firm Smith Barney with the investment bank Salomon Inc; in 2000, the investment banking business of Schroders was acquired until 2003, the European investment banking business went under the name of Schroder Salomon Smith Barney.