Morgan Stanley 2003 Annual Report Download - page 32
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MorganStanleyAnnualReport2003
morganstanleyataglance
InstitutionalSecurities
MorganStanleyisaleadingglobalproviderofinvestment
banking,salesandtradingservicestodomesticandinterna-
tionalcorporate,governmentandotherinstitutionalclients.
InvestmentBanking
MorganStanleyoffersitsinvestmentbankingclients,
includingcorporations,governmentsandotherentities,
underwritinganddistributionservicesfordebtand
equityofferingsinadditiontofinancialadvisoryservices
regardingkeystrategicmatters,suchasmergersand
acquisitions,restructurings,realestateandprojectfinance.
MorganStanleyalsoselectivelyprovidesloansorlending
commitmentstoitsclients.
Sales,Trading,FinancingandMarket-Making
Institutionalandindividualinvestorsreceivesales,trading
andmarket-makingservicesinvirtuallyeverytypeoffinan-
cialinstrument,includingstocks,bonds,derivatives,foreign
exchangeandcommodities.Thefirmisinvolvedinthese
activitiesinallthemajorfinancialmarketsglobally.Clients
mayalsoreceiveprimebrokerageandfinancingservices,
includingsecuritieslending.
Other
MorganStanleyproducesanddistributesresearchonglobal
economics,marketstrategies,industries,individualcompa-
niesandotherrelatedfinancialmatters.Italsoengagesin
principalinvestingandaircraftfinancing.Throughitssubsid-
iary,MorganStanleyCapitalInternationalInc.,itmarkets
anddistributesequityandfixedincomeindices.
IndividualInvestorGroup
TheIndividualInvestorGroupprovidescomprehensivefinan-
cialservicestoindividualinvestorsglobally.MorganStanley
hasoneofthelargestfinancialadvisornetworksintheU.S.
withapproximately11,000advisorslocatedinnearly450
branches.Throughitsfinancialadvisors,MorganStanleyis
committedtodeliveringadvicetoitsclientswithafocuson
affluentandhighnetworthinvestors.
ClientCoverage
IntheU.S.,MorganStanleyprovidesservicestomultiple
clientsegmentsspanningthewealthspectrumthrough
asinglesalesorganization.MorganStanley’snetworkof
financialadvisors,wealthadvisorsandinvestmentrepre-
sentativesprovidesclientswithfinancialplanningand
investmentadvisoryservicesthroughaflexibleplatform
designedtoaccommodateindividualinvestmentgoalsand
riskprofiles.
MorganStanleyalsooffersfinancialadvisoryservices
outsidetheU.S.toservetheneedsofhighnetworthclients
inEurope,AsiaandLatinAmerica.
ClientSolutions
MorganStanleyprovidesvariousproductsandservicesto
executefinancialplansandpositionclientstoattaintheir
financialgoals,includingmutualfunds,stocks,bonds,
professionalmoneymanagement,banking,mortgage,insur-
anceandtrust.MorganStanleyoffersfinancialsolutions
tobusinessesthroughBusinesScapeSMandalsoprovides
definedcontributionplanservicesforbusinessesofall
sizes,including401(k)plansandstockplanadministration.
InstitutionalSecuritiesNetIncome
(DollarsinMillions)
IndividualInvestorGroupNetIncome
(DollarsinMillions)
2003
2002
2001
2000
$2,437
$1,664
$2,335
$3,459
2003
2002
2001
2000
$265
$59
$23
$715