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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.
The company was acquired by Sears in 1981, and was renamed "Dean Witter, Discover & Co." in 1993 when Sears spun off the company. The company also owned Discover Card. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to form "Morgan Stanley Dean Witter & Discover Co.".
In fact, 97% of our clients say they are satisfied with the firm, and 98% are satisfied with how their Morgan Stanley Financial Advisor handles questions and requests. And, nine in 10 Morgan Stanley clients surveyed say they felt prepared financially for the COVID-19 crisis.
MSDW is a combination of Dean Witter, Discover & Co. (''Dean Witter Discover'') and Morgan Stanley Group Inc. (''Morgan Stanley'') and was formed pursuant to a merger of equals that was effected on (the ''Merger'').
There are no minimum balance requirements or account maintenance fees associated with the account (other fees may apply), and a client's interaction with Morgan Stanley will be primarily through electronic communications and online resources.
How much money do you need to be a Morgan Stanley client? As an individual investor, you can open an account with $5,000. As your need for financial services increases, so will the account minimum, up to $5 million for Private Wealth Management.
The Active Assets Account (AAA) and the Basic Securities Account are brokerage accounts offered through Morgan Stanley. The Morgan Stanley Debit Card is currently issued by UMB Bank, n.a., pursuant to a license from MasterCard International Incorporated.
The Active Assets Account (AAA) and the Basic Securities Account are brokerage accounts offered through Morgan Stanley. The Morgan Stanley Debit Card is currently issued by UMB Bank, n.a., pursuant to a license from MasterCard International Incorporated.