Everything we do, we strive to do better.

Morgan Stanley opened for business on September 16, 1935, as a partnership with a staff of 13. In its first year, the firm handled $1.1 billion in public offerings and private placements—representing a 24% market share.

In the 1960s, Morgan Stanley developed the first computer model to deal with the increasing complexity of financial analysis.

In 1984, Morgan Stanley developed the first Trade Analysis Processing System (TAPS), which boosted the volume of accuracy of trades, and formed its Prime Brokerage group to service hedge fund clients.

After the 2008 stock market crash, Morgan Stanley and seven other large U.S. banks received capital investments through the Troubled Asset Relief Program (TARP). By June 2009, Morgan Stanley had fully paid back the $10 billion in TARP money to the U.S. Treasury.

In 2012, Morgan Stanley launched the first-of-its-kind Investing with Impact Platform, which enabled clients to align their portfolios with environmental, social and governance (ESG) goals.

In 2013, Morgan Stanley bought Citigroup’s final 35 percent stake of the wealth management joint venture, since renamed Morgan Stanley Wealth Management.

In 2019, Morgan Stanley agreed to acquire Solium Capital Inc., a leading global provider of software-as-a-service (SaaS) for equity administration, financial reporting and compliance. The acquisition paved the way for the firm to launch Morgan Stanley at Work.

The 2020 all-stock transaction of E*TRADE, valued at approximately $13 billion, allowed Morgan Stanley to complement its full-service, advisor-driven Wealth Management business with E*TRADE’s direct-to-consumer and digital capabilities.

The 2021 addition of Eaton Vance, including Calvert and Parametric, increased the scale and strategic reach of our Investment Management business.

2024–present; Edward (Ted) Pick, CEO, 2024–present