Dean Witter Reynolds was an American stock brokerage catering to the middle class. In 1997 it merged with Morgan Stanley Group to form Morgan Stanley Dean Witter. The amalgamated firm is now known as Morgan Stanley. A stock broker or stockbroker or stock brokerage is someone or a firm who performs transactions in financial instruments on a stock market as an agent of his/her/its clients who are unable or unwilling to trade for themselves. ... 1997 is a common year starting on Wednesday of the Gregorian calendar. ... Morgan Stanley NYSE: MWD is an investment bank, retail broker, and credit card provider based in New York. ...

History

Dean Witter was a retail brokerage firm that began in San Francisco in 1924. In 1938 Dean Witter established its national research department, and by 1945 was one of the first retail securities firms to formally train account executives. In 1961 Dean Witter became the first firm to use electronic data processing a feat that paved the way for securities handling on Wall St. 1924 was a leap year starting on Tuesday (link will take you to calendar). ...

After numerous brokerage firm acquisitions, Dean Witter went public in 1972. A few years later it merged with Reynolds & Co., then the largest securities industry merger in history. One year later Dean Witter Reynolds became the first securities firm to have offices in all 50 U.S. states and Washington, D.C. It joined Sears Roebuck in 1981. A U.S. state is any one of the fifty states (four of which officially favor the term commonwealth) which, together with the District of Columbia and Palmyra Atoll (an uninhabited incorporated unorganized territory), form the United States of America. ... Washington, D.C. is the capital city of the United States of America. ... Sears, Roebuck and Company is a retailing division of Sears Holdings Corporation. ... 1981 is a common year starting on Thursday of the Gregorian calendar. ...

In 1986 the firm launched the Discover Card, a new brand of credit card. 1986 is a common year starting on Wednesday of the Gregorian calendar. ... Discover Card is a brand of credit card operated by Discover Bank, a subsidiary of Morgan Stanley headquartered in Riverwoods, Illinois. ... Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...

In 1993 20% of the company was spun off from Sears to shareholders, and subsequently became Dean Witter, Discover and Company. 1993 is a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ...

In 1997 Morgan Stanley Group, Inc. and Dean Witter Discover merged to form one of the largest global financial services firms: Morgan Stanley Dean Witter. Eventually to foster brand recognition and marketing the Dean Witter name was dropped from the retail services division, leaving the current Morgan Stanley. Morgan Stanley NYSE: MWD is an investment bank, retail broker, and credit card provider based in New York. ...

In the year 2000 two Dean Witter Reynolds representatives, John B. Kemp and Lawrence J. Solari Jr. were charged by the National Association of Securities Brokers with misrepresenting the risks associated with closed end products. This article is about the year 2000. ... The National Association of Securities Dealers also known as the NASD, is the regulatory body primarily responsible for the regulation of persons involved in the securities industry in the United States. ...

References

• Sears Archives-Sears History - 1980s to today
• A Brief Chronology of Sears
• Morgan Stanley & Dean Witter To Merge February 5, 1996
• Focus On The Forbes 500s: Morgan Stanley DW November 21, 2000

• Charles Schwab : How One Company Beat Wall Street and Reinvented the Brokerage Industryby John Kador (2005) ISBN 0471660582
• The King of Capital: Sandy Weill and the Making of Citigroupby Amey Stone, Mike Brewster (2002) ISBN 0471214167

Sandy Weill in the 1970s Sandy Weill (March 16 1933 -) is a financier, philanthropist, and chairman of Citigroup. ...

See also

• Brokerage
• Dean Witter Discover
• Discount broker
• Investment bank
• Merrill Lynch
• Retail broker
• Goldman Sachs
• Sears
• Charles Schwab

This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Dean Witter Reynolds was an American stock brokerage. ... Investment banks assist public and private corporations in raising funds in the Capital Markets (both equity and debt), as well as in providing strategic advisory services for mergers, acquisitions and other types of financial transactions. ... Merrill Lynch & Co. ... A retail broker is a brokerage firm that caters to the average investor or, in other words, the retail sector of investors - as opposed to the institutional sector of investors. ... The Goldman Sachs Group, Inc. ... Sears, Roebuck and Company is a retailing division of Sears Holdings Corporation. ... Charles Schwab can refer to: Charles M. Schwab, 19th century industrialist and financier. ...

External links

• Morgan Stanley Corporate Website