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E*TRADE common stockholders are entitled to receive 1.0432 Morgan Stanley common shares for each E*TRADE common share. Morgan Stanley reported that the acquisition advances its strategic transformation with three world-class businesses of scale: Institutional Securities, Wealth … MORGAN STANLEY. With this acquisition, Morgan Stanley is positioned to be an industry leader in providing financial solutions to the workplace, bringing together a major stock plan administration platform with its preeminent Wealth Management business. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. Learn More Recently, Morgan Stanley MS concluded the acquisition of E*TRADE Financial in an all-stock deal worth $13 billion and now holds $3.3 trillion in assets. Form SC 13G/A Morgan Stanley [Amend] Statement of acquisition of beneficial ownership by individuals. SEC.report. Through proprietary research, data and analytics, custom consulting, exclusive peer groups, certifications, and events, we are revolutionizing how businesses grow in the age of the customer; learn more at forrester.com. Morgan Stanley announced the acquisition of Eaton Vance. In the fall of 2019, Schwab was the first major brokerage to announce plans to go to zero commissions, leading to significant market cap losses among the industry stalwarts. DEALMAKER-IN-CHIEF Story continues below advertisement As part of the divestment, Seven Seas' parent company, AquaVenture Holdings, was acquired by water treatment company Culligan in a deal sponsored by private equity firm Advent … A total of 1 acquisition came from private equity firms. The transaction advances CEO James … Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. Become a member. Morgan Stanley announced that it is acquiring discount broker E-TRADE for $13 billion, bringing 5.2 million new customer accounts and $360 billion in assets in the biggest takeover of a US bank since the financial crisis. Form SC 13G/A (Filed by) SEC.report. All Rights Reserved, This is a BETA experience. Join Mergr and gain access to Morgan Stanley’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector. Recently, Morgan Stanley MS concluded the acquisition of E*TRADE Financial in an all-stock deal worth $13 billion and now holds $3.3 trillion in assets. The Solium business will … This post was written by Senior Analyst Vijay Raghavan, and it originally appeared here. E-TRADE, as a monoline firm, was particularly hard-hit, as E-TRADE draws 17% of its net revenue from commissions. Morgan Stanley has closed its acquisition of discount brokerage E*Trade, the investment bank announced Friday. Morgan Stanley agreed to buy asset management firm Eaton Vance for about $7 billion in a cash-and-stock deal. You may opt-out by. Morgan Stanley ranked No. It’s largest disclosed sale occurred in 2007, when it sold Quilter Holdings to Citigroup for $8.9B. The deal was able to withstand the uncertainty surrounding the economy over the coronavirus pandemic. 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United States, Morgan Stanley Closes Acquisition of E*TRADE NEW YORK & ARLINGTON - Morgan Stanley (NYSE: MS) announced today that it has completed the acquisition of E*TRADE Financial Corporation (E*TRADE) in an all-stock transaction. Join our Membership. “Morgan Stanley is undertaking another acquisition so soon after E*Trade,” Mr. Goldberg wrote in a note to clients. Morgan Stanley unit completes $500M Seven Seas acquisition April 1, 2020. It has also divested 8 assets. The Solium business will be re-branded Shareworks by Morgan Stanley. The merger, which in effect is an acquisition by Morgan Stanley of its peer, was agreed to by both companies in February. Morgan Stanley is betting that regulators in Washington will approve what is perhaps the most consequential acquisition by a so-called systemically important American bank — … The Company’s most targeted sectors include financial services (60%) and communications (20%). Morgan Stanley has acquired in 3 different US states, and 2 countries. Morgan Stanley announced that it is acquiring discount broker E-TRADE for $13 billion, bringing 5.2 million new customer accounts and $360 billion in assets in the biggest takeover of a … With this acquisition, Morgan Stanley is positioned to be an industry leader in providing financial solutions to the workplace, bringing together a major stock plan administration platform with its preeminent Wealth Management business. The floating-rate CEFs appear to already have large activist stakes. Morgan Stanley’s largest acquisition to date was in 2020, when it acquired E*TRADE Financial for $13.0B. E*Trade, with its 5.2 million customers, brings in just $360B. With this acquisition, Morgan Stanley is opening itself up to a completely different clientele than its wealth management sector is used to. Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City.With offices in more than 42 countries and more than 60,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley was formed in 1924 and is based in New York, New York. The all-stock takeover adds E*Trade’s US$360 billion of client assets to Morgan Stanley’s US$2.7 trillion, the companies said Thursday in a statement. Morgan Stanley is a global financial services firm that provides its products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. The acquisition will transform Morgan Stanley from a bank that primarily relied on investment banking, trading, and wealth management for affluent customers to a more diversified firm that will offer full-service advisor-driven services, direct-to-consumer brokerage capabilities, and $56 billion in deposits to fuel its lending business. Morgan Stanley MS recently entered into an acquisition deal with Boston, MA-based Eaton Vance Corp. EV, per which the former will acquire the latter for an equity value of about $7 billion. Morgan Stanley’s largest acquisition to date was in 2020, when it acquired E*TRADE … October 08. However, E*Trade has been somewhat of a pioneer within digital brokerage. This could trigger activists into action once again. Morgan Stanley will maintain its strong capital position, with the Firm’s common equity tier 1 ratio estimated to increase by over 30bps at closing. Since the deal was announced, E*Trade has experienced rapid growth in new … Morgan Stanley's business segments include institutional securities, wealth management, and investment management. (212) 761-4000 Goldman’s next generation takes shape with new promotions. Morgan Stanley has acquired 5 companies, including 4 in the last 5 years. Morgan Stanley expects to make acquisitions in the asset-management industry, according to Chief Executive Officer James Gorman. www.morganstanley.com. After Schwab announced the acquisition of TD Ameritrade, it was a matter of time before another bank on Wall Street added E-TRADE to its shopping cart. Acquiring E-TRADE brings several immediate benefits to Morgan Stanley’s business model: After the Schwab acquisition, I predicted that Morgan Stanley would acquire one of the remaining brokerage houses to complement its existing offerings. © 2020 Forbes Media LLC. 1585 Broadway, We work with business and technology leaders to drive customer-obsessed vision, strategy, and execution that accelerate growth. Morgan Stanley's (NYSE: MS) acquisition of Eaton Vance (NYSE: EV) is the bank's second big move of 2020, after it acquired E*Trade earlier in the year. Forrester is one of the most influential research and advisory firms in the world. CUSHING MLP & INFRASTRUCTURE TOTAL RETURN FUND. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Morgan Stanley’s acquisition of E*Trade is in sync with its aim for transition toward “a more balance-sheet light business mix”, with diversified revenue sources. Forrester is one of the most influential research and advisory firms in the world. Investment Banking . Morgan Stanley expects the acquisition to be accretive once fully phased-in estimated cost and funding synergies are realized. We work with business and technology leaders to drive customer-obsessed vision. On October 7, 2020, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Morgan Stanley, a Delaware corporation (“Morgan Stanley”), Mirror Merger Sub 1, Inc., a Maryland corporation and wholly owned subsidiary of Morgan Stanley (“Merger Sub 1”), and Mirror Merger Sub 2, LLC, a Maryland limited liability company and a wholly owned subsidiary of Morgan Stanley … Morgan Stanley Closes Acquisition of E*TRADE Morgan Stanley (NYSE: MS) announced today that it has completed the acquisition of E*TRADE Financial Corporation (E*TRADE) in … It is the wealth & asset management division of Morgan Stanley. Morgan Stanley’s acquisition of Eaton Vance is likely to trigger a wave of fund mergers and closures, which can cause headaches for fund investors. Join the Merger & Acquisitions community to access premium content and exclusive member-only benefits. Morgan Stanley agreed to buy discount brokerage E*Trade Financial Corp. for US$13 billion, pushing further into the retail market in the biggest acquisition by a Wall Street firm since the financial crisis. The acquisition advances Morgan Stanley’s strategic transformation with three world-class businesses of scale: Institutional Securities, Wealth Management and Investment Management. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. Time will tell whether Interactive Brokers will be moved from a bank’s wish list to shopping cart for checkout. Forrester’s unique insights are grounded in annual surveys of more than 690,000 consumers and business leaders worldwide, rigorous and objective methodologies, and the shared wisdom of our most innovative clients. Morgan Stanley's latest acquisition will bulk up the firm’s asset-management arm, which has lagged behind that of rival Goldman Sachs. After all this consolidation, the last discount brokerage house still standing on its own is Interactive Brokers. Form SC 13G/A (Subject) Published: 2020-12-08 16:20:18 Submitted: 2020-12-08 Filing Agent: MORGAN STANLEY DEAN WITTER DISCOVER & CO. About Form … Their 3 billion clients hold nearly $2.7T in assets with the firm. Opinions expressed by Forbes Contributors are their own. New York, New York 10036 Morgan Stanley's acquisition of E*Trade was announced February 20th. Share: Morgan Stanley Infrastructure Partners has completed the purchase of Tampa, Fla.-based Seven Seas Water for $500 million. 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