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Morgan Stanley Dean Witter still had a large presence at the World Trade Center during the September 11 attacks on September 11, 2001. [citation needed] Dean Witter was the first big brokerage company to get into the online trading business when it bought a small San Francisco-based outfit called Lombard Brokerage in 1996. [33]
Back in 1997, the global investment giant Morgan Stanley merged with brokerage firm Dean Witter Reynolds to become the largest securities company at the time. But the union proved challenging.
Morgan Stanley: 1997 Bankers Trust: Alex. Brown & Sons: Bankers Trust (BT Alex. Brown & Sons) 1997 Swiss Bank Corporation: Dillon, Read & Co. Swiss Bank Corporation (Warburg Dillon Read) 1997 Travelers Group: Salomon Brothers: Travelers Group (Salomon Smith Barney) 1997 Dean Witter Discover & Co. Morgan Stanley: Morgan Stanley Dean Witter: 1998 ...
Reynolds Securities was a publicly traded brokerage firm. Founded in 1931 by Richard S. Reynolds, Jr., the firm merged with Dean Witter & Co. to form Dean Witter Reynolds Organization Inc. in 1978, which was then the biggest merger in the history of Wall Street.
Dean Gooding Witter (August 2, 1887 – May 25, 1969) was an American businessman, stockbroker, and investor. With his brother Guy Witter and cousin Jean Witter, Dean Witter co-founded Dean Witter & Company in 1924, which became the largest investment house on the West Coast. [1] [2]
The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Discover & Co. in 1997. [7] Dean Witter's chairman and CEO, Philip J. Purcell, became the chairman and CEO of the newly merged "Morgan Stanley Dean Witter Discover & Co." [8] [9] The new firm changed its name back to "Morgan Stanley" in 2001.
From 1997 through 2005, Mr. Purcell, the aloof Midwesterner who had run Dean Witter, the retail brokerage, sat atop Morgan Stanley, the bluest of the blue-blood firms. The merger promised to transform the financial industry, but the melding of the consumer and institutional businesses did not go smoothly.
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related to: morgan stanley dean witter brokers san diegoclient.schwab.com has been visited by 100K+ users in the past month
7510 Hazard Center Drive, San Diego, CA · Directions · (619) 574-4800