Dean Witter Reynolds
Dean Witter Reynolds was a prominent international financial services and securities firm catering to retail clients. Founded in 1924 by Dean Witter and Charles Reynolds, it was one of the largest firms in the securities industry with more than 9,000 account executives and was among the largest members of the New York Stock Exchange. The firm primarily operated as a brokerage and investment banking company, providing mutual funds and other investment products such as stocks, municipal and corporate bonds, and insurance. Dean Witter Reynolds merged with Morgan Stanley in 1997, creating one of the largest and most influential financial institutions in the world.
Associated People
1996 - 1998
1992 - 1997
1993 - 1996
1983 - 1990
1979 - 1990
1986 - 1990
1982 - 1989
1983 - 1985
1981 - 1984
Dean Witter Reynolds was founded in 1924 as an investment banking and securities brokerage firm.
Over the years, the firm grew into one of the largest brokerage houses in the United States, offering a wide range of financial services to clients.
In 1977, Dean Witter Reynolds became the first brokerage firm to be listed on the NYSE.
The firm's asset management arm, InterCapital, was one of the largest asset management operations in the U.S. with $90B prior to the merger.
In 1997, the company merged with Morgan Stanley, forming the financial services giant Morgan Stanley Dean Witter.
MERGER WITH MORGAN STANLEY
Dean Witter Reynolds had significant relationships with both Smith Barney and eventually Morgan Stanley.
The merger was a significant event in the financial industry, combining two major players to create a powerhouse in investment banking and securities trading.
For many years, the company used the corporate slogan, "We measure success one investor at a time", which was later adopted by Morgan Stanley.
Today, while Dean Witter Reynolds as a distinct entity no longer exists, its legacy lives on through Morgan Stanley, which remains one of the world's leading financial institutions.