Editing Morgan Stanley (section)

==Organization==
The company's 3 divisions are as follows:

===Institutional Securities Group===
[[File:NS5865 Office building on Waterloo Street.jpg|thumb|right|Offices of Morgan Stanley at the [[International Financial Services District]] in [[Glasgow]], Scotland in 2018]]
{| class="wikitable floatright"
|+Revenue share by business unit (2023)<ref>{{Cite web |title=Morgan Stanley: Shareholders Board Members Managers and Company Profile {{!}} US6174464486 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/MORGAN-STANLEY-13654/company/ |access-date=2024-03-09 |website=www.marketscreener.com |language=en}}</ref>
!Business unit
!share
|-
|Wealth Management
|48.5%
|-
|Institutional Securities
|42.6%
|-
|Investment Management
|9.9%
|-
|''Intersegment Eliminations''
|''-1.0%''
|}
Morgan Stanley's Institutional Securities is the most profitable business segment. This business segment provides institutions with [[investment banking]] services such as capital raising and [[financial advisor]]y services such as [[mergers and acquisitions]] advisory, restructurings, real estate and project finance, and corporate lending. The segment also encompasses the Equities and the Fixed Income divisions of the firm; trading is anticipated to maintain its position as the "engine room" of the company.<ref>{{cite web |url=http://www.fins.com/Finance/Companies/141/Morgan-Stanley | title=Morgan Stanley Overview | access-date=July 19, 2010 | author=FINS.com}}</ref> Among the major U.S. banks, Morgan Stanley sources the highest portion of revenues from fixed-income underwriting, which was reported at 6.0% of total revenue in FY12.<ref>{{cite web|last1=Casteleyn|first1=Jonathan|title=Morgan Stanley and Goldman have bigger bond exposure than Bank of America and Citi|url=http://marketrealist.com/2013/03/morgan-stanley-and-goldman-still-trump-bank-of-america-and-citi-in-bonds/|website=Market Realist|date=March 4, 2013|publisher=Market Realist, Inc.|access-date=September 11, 2014}}</ref>

=== Wealth Management ===
The Global Wealth Management Group provides [[stockbroker]]age and investment advisory services. This segment provides financial and wealth planning services to its clients, who are primarily high-net-worth individuals.

On January 13, 2009, the Global Wealth Management Group was merged with Citi's Smith Barney to form Morgan Stanley Smith Barney. Morgan Stanley owned 51% of the entity, and Citi held 49%.<ref>{{cite press release | url=https://www.morganstanley.com/press-releases/morgan-stanley-and-citi-to-form-industry-leading-wealth-management-business-through-joint-venture_af3e409a-e1b7-11dd-84e6-b390c77322d3 | title=Morgan Stanley and Citi To Form Industry-Leading Wealth Management Business Through Joint Venture | date=January 13, 2009 | access-date=October 2, 2020 | archive-date=January 29, 2015 | archive-url=https://web.archive.org/web/20150129103858/https://www.morganstanley.com/about/press/articles/af3e409a-e1b7-11dd-84e6-b390c77322d3.html | url-status=dead }}</ref> On May 31, 2012, Morgan Stanley exercised its option to purchase an additional 14% of the joint venture from Citi.<ref>{{cite press release | url=https://www.morganstanley.com/press-releases/morgan-stanley-advises-citigroup-of-intention-to-exercise-right-to-purchase-an-additional-14-of-morgan-stanley-smith-barney_2181366f-9435-4aae-a47f-0fd5a5875a72 | title=Morgan Stanley Advises Citigroup of Intention to Exercise Right to Purchase an Additional 14 Percent of Morgan Stanley Smith Barney | date=May 31, 2012}}</ref> In June 2013, Morgan Stanley stated it had secured all regulatory approvals to buy Citigroup's remaining 35% stake in Smith Barney and would proceed to finalize the deal.<ref>{{cite web |url=https://www.morganstanley.com/about/press/articles/8f65faa5-339d-4fb0-94bb-857ed3d4cfbc.html |title=Morgan Stanley Receives Final Regulatory Approvals to Purchase Remaining 35% Interest in MSSB Wealth Management Joint Venture, Fulfilling Key Strategic Priority |publisher=Morgan Stanley |date=June 21, 2013 |access-date=September 21, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20150129103655/https://www.morganstanley.com/about/press/articles/8f65faa5-339d-4fb0-94bb-857ed3d4cfbc.html |archive-date=January 29, 2015 }}</ref>

In February 2019, the company announced the acquisition of Solium Capital, a manager of employee stock plans, for $900&nbsp;million (~${{Format price|{{Inflation|index=US-GDP|value=900000000|start_year=2019}}}} in {{Inflation/year|US-GDP}}).<ref>{{Cite news |title=Morgan Stanley, in Its Biggest Deal Since Crisis, Courts Future Millionaires |newspaper=Wall Street Journal |date=February 11, 2019 |url=https://www.wsj.com/articles/morgan-stanley-in-its-biggest-deal-since-crisis-courts-future-millionaires-11549885394|last1=Hoffman |first1=Liz }}</ref>

In October 2020, the company completed its acquisition of [[E-Trade]], a deal announced in February 2020 for $13&nbsp;billion, the biggest acquisition by a U.S. bank since the [[2008 financial crisis]].<ref name=":5" />

===Investment Management===
[[Investment Management]] provides asset management products and services in equity, fixed income, alternative investments, real estate investment, and [[private equity]] to institutional and retail clients through third-party retail distribution channels, intermediaries and Morgan Stanley's institutional distribution channel. Morgan Stanley's asset management activities were principally conducted under the Morgan Stanley and Van Kampen brands until 2009.

On October 19, 2009, Morgan Stanley announced that it would sell Van Kampen to [[Invesco]] for $1.5&nbsp;billion (~${{Format price|{{Inflation|index=US-GDP|value=1500000000|start_year=2009}}}} in {{Inflation/year|US-GDP}}), but would retain the Morgan Stanley brand.<ref name="Van_Kampen_Sale">{{cite news |url=http://dealbook.blogs.nytimes.com/2009/10/19/invesco-to-buy-morgan-stanley-unit-for-15-billion/ |title=Invesco to Buy Morgan Stanley Unit for $1.5 Billion|access-date=October 20, 2009 |work=Deal Book |publisher=[[The New York Times]] | date=October 19, 2009}}</ref> It provides asset management products and services to institutional investors worldwide, including pension plans, corporations, private funds, non-profit organizations, foundations, endowments, governmental agencies, insurance companies and banks.

On September 29, 2013, Morgan Stanley announced a partnership with Longchamp Asset Management, a French-based asset manager that specializes in the distribution of UCITS hedge funds, and La Française AM, a multi-specialist asset manager with a 10-year track record in alternative investments.<ref>{{cite news|url=http://www.hedgeweek.com/2013/09/29/190653/morgan-stanley-announces-strategic-partnership-longchamp-asset-management-and-la-f|title=Morgan Stanley announces strategic partnership with Longchamp Asset Management and La Française AM… Schroder GAIA platform onboards the GAIA Avoca Credit fund|work=hedgeweek.com|date=September 29, 2013}}</ref>

In March 2018, Morgan Stanley acquired Mesa West, a leading U.S. commercial real estate credit platform, adding to its existing investment strategies and product offerings across real assets and private credit.<ref>{{Cite web |title=Morgan Stanley Investment Management Completes Acquisition of Mesa West Capital, LLC |url=https://www.morganstanley.com/press-releases/morgan-stanley-investment-management-completes-acquisition-of-me}}</ref>

In March 2021, Morgan Stanley completed its acquisition of [[Eaton Vance]], a deal announced in October 2020. With the addition of Eaton Vance, Morgan Stanley now had $5.4&nbsp;trillion of client assets across its Wealth Management and Investment Management segments.<ref name=":7" />