The expansion of E*TRADE positions us as an industry chief in Wealth Management across all channels and sections, and fundamentally builds the scale and broadness of our Wealth Management establishment, which presently supervises $3.3 trillion in resources,” said James P. Gorman, Chairman and Chief Executive Officer of Morgan Stanley. “Etrade Login has constructed a top tier, direct-to-buyer advanced channel and a solid brand in the course of recent years. The expansion of their head offering will give upgraded abilities to every one of our customers and Financial Advisors.”
Michael Pizzi, CEO of E*TRADE, joins Morgan Stanley and will lead E*TRADE’s immediate to-customer, computerized self-coordinated business that will work under the E*TRADE brand, and will co-lead the value organization business. He likewise joins the Morgan Stanley Operating and Management Committees.