Experts give mixed reviews of the performance of the blended venture, now called Morgan Stanley Wealth Management.
By Janet Levaux|September 26, 2012 at 07:29 AM
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Morgan Stanley said early Tuesday that its U.S. wealth management business is now branded Morgan Stanley Wealth Management.
The joint venture between Morgan Stanley and Smith Barney came together in 2009, with Morgan Stanley having a 51 percent share and Citigroup 49 percent. Two weeks ago, the two parties agreed that Morgan Stanley could increase its majority ownership of the venture and assume full control by June 2015.
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