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Oct 2, 2020 · Morgan Stanley (NYSE: MS) announced today that it has completed the acquisition of E*TRADE Financial Corporation (E*TRADE) in an all-stock transaction. E*TRADE common stockholders are entitled to receive 1.0432 Morgan Stanley common shares for each E*TRADE common share.
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Feb 20, 2020 · NEW YORK/ARLINGTON - Morgan Stanley (NYSE: MS) and E*TRADE Financial Corporation (NASDAQ: ETFC) have entered into a definitive agreement under which Morgan Stanley will acquire E*TRADE, a leading financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion. Under the ...
Oct 2, 2020 · Michael Pizzi, CEO of E*TRADE, joins Morgan Stanley and will lead E*TRADE’s direct-to-consumer, digital self-directed business that will operate under the E*TRADE brand, and will co-lead the...
- The Changing Financial Landscape
- What The Merger Means For Advisors
- The Bottom Line
“Morgan Stanley’s acquisition of E*TRADE reflects the broader trend toward industry consolidation and the attempts we see across many financial institutions to serve the full range of customer segments,” says Jennifer Butler, former director of asset management and brokerage research at Corporate Insight. As part of that trend, companies are lookin...
While consolidation may offer more all-inclusive solutions for clients, XY Planning founder Michael Kitcesbelieves the merger is likely to have significant implications for RIA custodial platforms and could lead to the dissolution of E*TRADE’s RIA platform for small firms. “[The] Morgan Stanley acquisition of E*TRADE and potential loss of E*TRADE A...
The past few months have seen a flurry of mergers and acquisitionsfor both large firms and small ones. And if these consolidations have taught us anything, it’s that the advisory landscape is undergoing a significant shift. While the Morgan Stanley, E*TRADE merger may have been the biggest in recent months, it’s likely not the last.
Oct 2, 2020 · Michael Pizzi, CEO of E*TRADE, joins Morgan Stanley and will lead E*TRADE’s direct-to-consumer, digital self-directed business that will operate under the E*TRADE brand, and will co-lead the...
Oct 2, 2020 · Michael Pizzi, CEO of E*TRADE, has joined Morgan Stanley and will lead E*TRADE's direct-to-consumer, digital self-directed business that will operate under the E*TRADE brand, and will co-lead...
Oct 5, 2020 · Written by Zacks Equity Research for Zacks -> Recently, Morgan Stanley MS concluded the acquisition of E*TRADE Financial in an all-stock deal worth $13 billion and now holds $3.3 trillion in...
