Morgan Stanley began in 1935 as a partnership formed by Henry S. Morgan and Harold Stanley after banking rules separated commercial and investment banking activities. Morgan Stanley grew into a global financial services firm with a broad client base that includes corporations, governments, institutions, and individuals. Morgan Stanley's business spans investment banking, sales and trading, wealth management, and investment management, supported by research and advisory capabilities. Morgan Stanley maintains a significant international presence and serves markets across the world through a wide network of offices and businesses.
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