What is Morgan Stanley Wealth Management?
{{For|parent company|Morgan Stanley}} {{Infobox company |name = Morgan Stanley Wealth Management |logo = Morgan_Stanley_Logo.png |type = [[Limited liability company]] |industry = [[Financial services]] |foundation = 2009 |founder = [[Henry S. Morgan]], [[Harold Stanley]], [[Charles D. Barney]], [[Edward B. Smith]] |location_city = [[Purchase, New York]] |location_country = U.S. |key_people = [[James P. Gorman]] (Chairman) |area_served = Worldwide |products = [[Broker|Retail brokerage]], [[asset management]], [[investment banking]] |revenue = US$ 3.423 [[1000000000 (number)|billion]] (2014) |operating_income = US$ {{0|0}}1.276 billion (2014) |net_income = US$ {{0|00}}665 million (2014) |aum = US${{0|00}}2.05 trillion (2014) |num_employees = 17,649 (2011) |owner = [[Morgan Stanley]] (100%) |homepage = {{URL|http://www.morganstanleyindividual.com/}}}} '''Morgan Stanley Wealth Management''' is an American [[Multinational corporation|multinational]] [[financial services]] corporation specializing in [[Broker|retail brokerage]]. It is the wealth & [[asset]] management division of [[Morgan Stanley]]. In the late 1980s the retail brokerage firm Smith Barney was owned by [[Primerica Financial Services]]. Commercial Credit purchased Primerica in 1988, for $1.5 billion. In 1992, they paid $722 million to buy a 27 percent share of Travelers [[Insurance]]. By the end of 1993, the merged company was known as Travelers Group Inc. In September 1997, Travelers acquired Salomon Inc. (parent company of [[Salomon Brothers Inc.]]), for over $9 billion in stock, and merged it with its own investment arm to create '''Salomon Smith Barney'''. In April 1998 Travelers Group announced an agreement to undertake a $76 billion merger between Travelers and Citicorp, creating the largest single financial services company in the world. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup wou