What became of Dean Witter Reynolds?

What became of Dean Witter Reynolds?

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….Dean Witter Reynolds.

Who acquired Dean Witter Reynolds?

Sears, Roebuck & Company
Sears, Roebuck & Company, the nation’s biggest retail store chain, announced yesterday that it would buy Dean Witter Reynolds Inc., the fifth-largest brokerage house, for about $607 million in cash and stock.

When did Dean Witter close?

1993
Sears ended up spinning Dean Witter off in 1993, and it grew rapidly during the bull market before merging with Morgan Stanley to form the No. 2 securities firm, behind Merrill Lynch MER, +28.12% .

When did Morgan Stanley take over Dean Witter?

1997
In 2005, Morgan Stanley was facing a series of crises stemming from its 1997 merger with Dean Witter, Discover & Co.

Who is the transfer agent for Morgan Stanley?

Broadridge
Broadridge is the Transfer Agent, Registrar and Dividend Agent for the Company’s common stock.

What happened to Smith Barney?

It’s official — Smith Barney is no more. Morgan Stanley announced today that it has renamed its U.S. wealth management business Morgan Stanley Wealth Management, dropping the Smith Barney name from the joint venture it co-owns with Citigroup Inc. The firm was formed by the merger of Charles D. Barney & Co.

How much do stockbrokers make?

The median pay for stockbrokers and other sales agents who sell securities, commodities and other financial services was $63,780 in 2017, according to the U.S. Bureau of Labor Statistics. That’s a good cut above the median pay for all workers in the U.S., which stands at $50,620.

Is Morgan Stanley better than JP Morgan?

According to the Federal Reserve, as of March 2019, JP Morgan ranks ahead of both Goldman Sachs and Morgan Stanley, with $2.74 trillion in assets. The JP Morgan and Morgan Stanley difference is quite a bit, with Morgan Stanley coming in at $864 billion.

Does China own Morgan Stanley?

SS) said on Friday it is selling a 39% stake in Morgan Stanley Huaxin Securities and its entire 36% stake in Morgan Stanley Huaxin Fund Management Co to the Wall Street bank through the Shanghai United Assets and Equity Exchange. …

Is Morgan Stanley a transfer agent?

Key Contacts. Broadridge is the Transfer Agent, Registrar and Dividend Agent for the Company’s common stock.

Who is the transfer agent for Disney stock?

Broadridge Corporate Issuer Solutions
Broadridge Corporate Issuer Solutions is the transfer agent for The Walt Disney Company.

Who owns Smith Barney now?

Morgan Stanley Domestic Holdings Inc
Morgan Stanley Wealth Management/Parent organizations

Who was the founder of Reynolds Metals Company?

The company was founded by R.S. Reynolds, a former law student and nephew of R.J. Reynolds, one of the first U.S. tobacco barons.

When did the Reynolds Company start making aluminum foil?

Reynolds developed aluminum siding for the booming postwar housing market. In 1946, the company leased, then purchased six government-owned production plants, and by doing so doubled its production capacity. Reynolds Wrap, the company’s well-known household aluminum foil, was introduced in 1947.

What kind of business does Reynolds American have?

As a fully integrated manufactuer, distributor, and marketer of primary and value-added fabricated aluminum products, the company operates 100 manufacturing facilities in 24 nations. Reynolds also produces plastic products which are primarily used in its packaging and consumer products businesses.

When did Reynolds Metals Company get nationalized in Guyana?

In 1975 the company’s assets in Guyana were nationalized and Reynolds was forced to settle for a $10 million payment for its Guyanese holdings. In 1980, 51 percent of its Jamaican assets and operations and all of its Jamaican land holdings were sold to the Jamaican government. The company continued to offer new products to the marketplace.