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Starting in January 1999, Morgan Stanley Dean Witter will charge an annual $50 service fee for some accounts. The fee will be charged each January based on activity in the account the previous year, the firm says. Morgan Stanley Dean Witter is applying the charge to help meet the cost of administering and servicing [the] account, according to an announcement to clients.The move brings the firm in
www.wealthmanagement.comMorgan Stanley Dean Witter Raises Production Bar Surprise change hits some reps with immediate 25% payout. Brokers are hot.In a last-minute move, Morgan Stanley Dean Witter hiked its minimum gross production requirements for brokers just days before the policy was implemented.The change took effect Dec. 22, 2000, the beginning of the 2001 production year. Brokers whose 2000 production failed to meet
www.wealthmanagement.comJames Gorman, the Merrill Lynch defector who, since February, heads the retail brokerage unit at Morgan Stanley, continues to build his leadership team. Gorman announced in a memo to employees on Thursday that Donald Herrema will join the company on May 1 as the head of Private Wealth Management Americas, the U.S. and Latin America division of the old Morgan Stanley institutional group; that group focuses the ultra-rich, clients with $20 million and up. Herrema will also become president of...
www.wealthmanagement.comIn a realignment of its fund business, Morgan Stanley Dean Witter has placed institutional and individual asset management under one executive. Mitchell Merin, former head of Dean Witters proprietary funds, will oversee all asset management business, including Morgan Stanley institutional and Van Kampen retail funds. This move, along with the departure of several Morgan Stanley and Van Kampen officers
www.wealthmanagement.comMorgan Stanley has changed the name of its institutional securities entity in Japan, Morgan Stanley Dean Witter Japan Limited to Morgan Stanley Japan Limited.
www.professionalpensions.comFinancial services titan Morgan Stanley Dean Witter & Co is set to become the latest global giant to change its name. However, bucking the recent fad for ambiguous sounding names suffixed ‘ia’, the company is simply severing the ‘Dean Witter’, leaving Morgan Stanley as the brand name. The firm’s title has been becoming increasingly less ponderous over recent years.
www.warc.comMorgan Stanley Dean Witter brokers remain charged up by the perceived power of their firm on the Street. Three years after the merger, many still point to its benefits."Everyone who was at Dean Witter before the merger feels much better," says one respondent. "There's a lot more to this company than there used to be. The research is better. The products and services are better. The public image is
www.wealthmanagement.comMorgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. W...
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