Shout out a welcome to Wall Street's new wire-house colossus, with over 18,000 brokers. Morgan Stanley Smith Barney has been formed sooner than scheduled by Morgan Stanley and Citigroup.
In addition to offering investment products, the joint venture will be "equipped for advanced financial planning," including estate planning. But please heed the footnote:
"Morgan Stanley Smith Barney and its Financial Advisors do not provide tax or legal advice."
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