Which Type of Clients Does Smith Barney Serve?


Quick Answer

Smith Barney, renamed Morgan Stanley Wealth Management in 2012, focuses on serving wealthy families, individual and foundations, specializing on clients with more than $20 million in investable assets, according to Forbes. While Morgan Stanley doesn't specify an asset minimum, CNN Money reports that its clients are often wealthy.

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Full Answer

According to the Morgan Stanley website, the Wealth Management division is designed to help affluent families and individuals manage significant wealth in a number of ways. The company's private wealth advisors provide guidance and services related to wealth planning, investment management, risk management, cash management and estate planning. In addition to these basic financial services, Morgan Stanley Wealth Management also provides specialized family office services to its wealthy clients, which family governance and dynamics services, philanthropic services, health advisory, and lifestyle advisory. The company also provides customized wealth management services for institutions such as foundations, endowments and corporations through Graystone Consulting.

Clients of Morgan Stanley Wealth Management also have access to specialized services such as liquidity solutions and tax strategies as well as direct access to any of the investment bankers, analysts, strategists and traders in the firm, according to the company's website. Exclusive and educational events are other features of the service that are available to clients with significant net worth.

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