Morgan Stanley Smith Barney is a joint venture company between Morgan Stanley and Citigroup.
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 Citigroup Capital Markets. The combined brokerage house has about 18,500 brokers and manages $1.7 trillion in client assets. Clients range from individual invest...
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Morgan Stanley Smith Barney is a joint venture company between Morgan Stanley and Citigroup.
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 Citigroup Capital Markets. The combined brokerage house has about 18,500 brokers and manages $1.7 trillion in client assets. Clients range from individual investors to small- and mid-sized businesses, as well as large corporations, non-profit organizations and family foundations.
Smith Barney & Co. was formed in 1938 through the merger of Charles D. Barney & Co., founded in 1873, and Edward B. Smith & Co., founded in 1892. In 1975 Smith Barney merged with Harris, Upham & Co. to form Smith Barney, Harris Upham & Co., which, in 1977, was placed under SBHU Holdings, a holding company. In 1982, SBHU Holdings was renamed Smith Barney Inc.
In the late 1980s the retail brokerage firm Smith Barney was owned...
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