Nevada Service Agreement between Morgan Stanley Dean Witter Advisors, Inc. and Morgan Stanley Dean Witter Services Company
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In 1981, Dean Witter Reynolds was acquired by Sears, Roebuck and Company in a $600 million transaction.
INVESTMENT ADVISORY ACCOUNTS This Morgan Stanley Advisory fee (?Advisory Fee?) typically covers our investment advisory services, trade execution through Morgan Stanley, custody of securities at Morgan Stanley, reporting, and compensation to your Financial Advisor.
An advisory account is an account through which an Independent Registered Investment Advisor (RIA) provides investment advice to their clients. It is important to understand that an advisory account is very different from a brokerage account.
Purcell was named chairman and chief executive of what became Morgan Stanley, Dean Witter, Discover & Company, later shortened to Morgan Stanley in March 2001. Mack stayed on as president until 2001.
Morgan Stanley and Dean Witter merged in 1997, creating America's largest asset management company and securities firm in terms of equity capital. The resulting name, Morgan Stanley, Dean Witter, Discover & Company, was shortened to Morgan Stanley in March 2001.
In July, 1993 Sears completed its spin off of Dean Witter Discover. Sears had purchased Dean Witter in 1981 and had created Discover in 1985. In 1995, Sears spun off Allstate to focus on its retail business.
By signing this Agreement you instruct Morgan Stanley, to the extent permitted by law, to send you confirmations of transactions with your monthly statement instead of individual trade confirmations following each transaction. You will not pay a different fee for this service.
'' Dean Witter, Discover, which traces its origins back to a brokerage firm founded by Dean Witter in San Francisco in 1924, was bought by Sears in 1981 for $661 million in cash and stock.