Help with difference between Morgan Stanley and Morgan Stanley Smith Barney?
I inherited $20K recently and all the funds are in stocks with Morgan Stanley, in order for me to obtain these funds I need to open up a Morgan Stanley account and transfer the $. The only financial institution I can find locally is Morgan Stanley Smith Barney, would this work for the transfer? Thx for any help!!!!!!!!!!!!
Morgan Stanley and Smith Barney have merged as of June 2009 according to the MSSB website:
Beginning in June 2009, the Global Wealth Management Group of Morgan Stanley & Co. Incorporated and the Smith Barney division of Citigroup Global Markets Inc. have combined into Morgan Stanley Smith Barney LLC, a new investment adviser and broker-dealer registered with the Securities and Exchange Commission.
Clients should click here to read the Statement of Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. Responsibilities, which explains the respective roles and functions as between Morgan Stanley & Co. and Morgan Stanley Smith Barney LLC. Click here to read the Statement of Morgan Stanley Smith Barney LLC and Citigroup Global Markets Inc. Responsibilities, which explains the respective roles and functions as between Citigroup Global Markets Inc. and Morgan Stanley Smith Barney LLC. The foregoing may not apply to in whole or in part to former clients of Smith Barney Australia, Quilter and Morgan Stanley Private Wealth Management. These clients should refer to the written materials they received about their accounts.
July 13th, 2010 at 10:34 am
Morgan Stanley and Smith Barney have merged as of June 2009 according to the MSSB website:
Beginning in June 2009, the Global Wealth Management Group of Morgan Stanley & Co. Incorporated and the Smith Barney division of Citigroup Global Markets Inc. have combined into Morgan Stanley Smith Barney LLC, a new investment adviser and broker-dealer registered with the Securities and Exchange Commission.
Clients should click here to read the Statement of Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. Responsibilities, which explains the respective roles and functions as between Morgan Stanley & Co. and Morgan Stanley Smith Barney LLC. Click here to read the Statement of Morgan Stanley Smith Barney LLC and Citigroup Global Markets Inc. Responsibilities, which explains the respective roles and functions as between Citigroup Global Markets Inc. and Morgan Stanley Smith Barney LLC. The foregoing may not apply to in whole or in part to former clients of Smith Barney Australia, Quilter and Morgan Stanley Private Wealth Management. These clients should refer to the written materials they received about their accounts.
References :
http://www.morganstanleysmithbarney.com/aboutus.html
and
http://www.morganstanley.com/index.html