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Is Morgan Stanley part of JP Morgan Chase?
They have similar roots, but are legally affiliated. Morgan Stanley was formed by Henry Morgan and Harold Stanley in 1935, both of whom had been partners of J.P. Morgan. Morgan Stanley was formed because of new banking laws (the Glass-Steagall Act) which required the big banks to split their commercial and investment areas. J.P. Morgan chose commercial banking, so Morgan and Stanley left to form Morgan Stanley to handle investments.
What products does Morgan Stanley sell?
Morgan Stanley is a financial investor. Some of things Morgan Stanley does is sell IRA's. You can get financial planning, education planning, wealth planning and many other financial information through Morgan Stanley.
What is the mission statement for JP Morgan Chase?
Mission Statement; "At JPMorgan Chase, we want to be the best financial services company in the world. Because of our great heritage and excellent platform, we believe this is within our reach."
What is the difference between Morgan Stanley and JP Morgan?
The difference between Morgan Stanley and JP Morgan is that they are both different companies. In 1933 the government decided that retail and investments had to be separate so one of the Morgan family founded Morgan Stanley.
Who is the current CEO of Morgan Stanley?
John J. Mack is the current CEO of Morgan Stanley.
