Dean Witter Reynolds was an American stock brokerage catering to the middle class. In 1997, it merged with the Morgan Stanley Group to form Morgan Stanley Dean Witter. The amalgamated firm is now known as Morgan Stanley. Stock brokers are people who deal with stock & bonds. ... The middle class (or middle classes) comprises a social group once defined by exception as an intermediate social class between the nobility and the peasantry. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider headquartered in New York City. ... Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider headquartered in New York City. ...

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 1962, Dean Witter became the first firm to use electronic data processing — a feat that paved the way for securities handling on Wall Street. This page is a candidate for speedy deletion. ... Year 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar). ... Elaborate marble facade of NYSE as seen from Broad and Wall Streets For other uses, see Wall Street (disambiguation). ...

After numerous brokerage firm acquisitions, Dean Witter went public in 1972. A few years later it merged with Reynolds Securities, 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 was later acquired by Sears Roebuck in 1981. Federal courts Supreme Court Chief Justice Associate Justices Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures State Courts Counties, Cities, and Towns Other countries Politics Portal      A state of the United States is any one of the fifty subnational entities referred to... Nickname: DC, The District Motto: Justitia Omnibus (Justice for All) Location of Washington, D.C., in relation to the states Maryland and Virginia Coordinates: Federal District District of Columbia  - Mayor Adrian M. Fenty (D)  - City Council Chairperson: Vincent C. Gray (D) Ward 1: Jim Graham (D) Ward 2: Jack Evans... Sears Holdings Corporation NASDAQ: SHLD is the third largest retailer in the United States, behind Wal-Mart and The Home Depot. ...

In 1986, the firm launched the Discover Card, a new brand of credit card. Discover Card is one of the four major credit card brands issued primarily in the United States, with over 50 million cardholders. ... This article is about brands in marketing. ... 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.

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 name Morgan Stanley.

In 2000, two Dean Witter Reynolds representatives, John B. Kemp and Lawrence J. Solari Jr. were charged by the National Association of Securities Dealers with misrepresenting the risks associated with closed end products. NASD executive office on K Street in downtown Washington, D.C. NASD, Inc. ... A closed-end fund is a collective investment scheme with a limited number of shares. ...

In 2006, this company was used as the company of choice for the movie The Pursuit of Happyness starring Will Smith

See also

• Investment bank
• Merrill Lynch
• Retail broker
• Goldman Sachs
• Charles Schwab
• Smith Barney

To meet Wikipedias quality standards, this article or section may require cleanup. ... 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. ... Goldman Sachs offices at the Fraumünsterplatz in Zürich (the light-colored building on the left) The Goldman Sachs Group, Inc. ... Charles Schwab can refer to: Charles M. Schwab, 19th century industrialist and financier. ... Smith Barney is an American-based global stock brokerage and asset management services company owned by Citigroup. ...

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

• Kador, John (2005). Charles Schwab : How One Company Beat Wall Street and Reinvented the Brokerage Industry. ISBN 0-471-66058-2
• Stone, Amey and Mike Brewster (2002). The King of Capital: Sandy Weill and the Making of Citigroup. ISBN 0-471-21416-7

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

External links

• Morgan Stanley Corporate Website