Morgan Stanley began in 1935, emerging from the restructuring of U.S. banking after Glass-Steagall and building on the work of Henry S. Morgan and Harold Stanley. The company has grown into a global financial services firm that serves corporations, governments, institutions, and individuals through institutional securities, wealth management, and investment management. Morgan Stanley’s current business mix centers on investment banking and markets activity, client asset management, and advisory and brokerage services across a wide international presence. Recent SEC filings and annual reports describe the company as an integrated firm focused on helping clients raise, manage, and allocate capital while operating through these core business segments.