Morgan Stanley Dean Witter

53 ratings (51 Epinions reviews)
Epinions Product Rating: Very Good
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    Highest Rated Consumer Review by the Community

  • Morgan Stanley Dean Witter Financial Services: The Strongest Argument Against Social Security Reform

    Dec 10, 2004 by
    Rated a Very Helpful Review
    Pros: none
    Cons: fees-fees-fees, lack of customer service, no connectivity between branches

    Summary: We've been customers of Morgan Stanley Dean Witter Financial Services for about ten years now. We started our investment accounts with them because my husbands step-mother worked at a branch in Florida. While she worked there, everything was ... read more

  • Mega Fees on accounts for minors

    Jul 13, 2009 by
    Not yet rated.
    Pros: Their statements are nice and vague, so you won't feel bad about the excessive fees.
    Cons: Can't believe their outrageous fees for minors

    Summary: I have had an UTMA (uniform something minor account) account for my daughter since she was 3 when I opened it with $3000.  The annual fees were marginal at the time.  Now with the market sucking, it is worth $892.  Apparently 2 years ago ... read more

  • No service for a lot of money

    Feb 1, 2004 by
    Rated a Helpful Review
    Pros: Smooth talking salesman.
    Cons: Very high commissions for non-existent sales and service. Some fees have just disappeared.

    Summary: We are not big in the market, but have a few stocks. When our Morgan Stanley broker convinced us he was going to be better than Fidelity, he told us that his yearly IRA handling fee would be higher than we were used to. That was OK, but when he called ... read more

  • Lost my money plus paid high FEES

    May 15, 2003 by
    Rated a Helpful Review
    Pros: NONE
    Cons: High fees, High turnover rates of Brokers. Lack of good investment advice.

    Summary: I first opened my IRA account with MSDW back in 1999. Since then, they have changed my financial advisors five times. Out of those five only two actually put any effort in contacting me. Also they have over charged me on account maintenance fees. ... read more

  • Technologically backward

    Mar 17, 2002 by
    Rated a Helpful Review
    Pros: Readable monthly statements. Ability to download data to Quicken.
    Cons: Online system poorly designed and has bugs. Poor communications when problems arise.

    Summary: The online system has not been upgraded for the five years I traded with Morgan Stanley Online (originally Lombard, then Discover). Newer systems I have traded with (Schwab, E-Trade, Ameritrade) are much more user friendly. One example of ... read more

  • Don't honor agreements. Termination fees.

    Mar 11, 2002 by
    Rated a Very Helpful Review
    Pros: Good web site. Fairly easy to navigate. Not as good as Schwab's however.
    Cons: Morgan Stanley did not honor my agreement with them.

    Summary: When my stock broker went to Morgan Stanley we made an agreement that there would be no termination fees when and if I closed my accounts. I even had him change the securities agreement that we signed to reflect this. However, when he moved on to another ... read more

  • I interviewed for MSDW

    Sep 27, 2001 by
    Rated a Very Helpful Review
    Pros: A research service to meet your investment needs
    Cons: High Commissions

    Summary: Hello, The reason I decided to write an opinion about MSDW was what happened during an interview. Some things rubbed me the wrong way and I thought the public should know what the brokerage world is all about. For starters I was told that I was to look ... read more

  • Depends on the broker

    Jun 6, 2001 by
    Rated a Very Helpful Review
    Pros: Some good brokers
    Cons: Many bad broker

    Summary: We opened up our MSDW accounts 5 years ago in IL with a broker who was giving informative seminars for special segments of the community. Investing for Gays & Lesbians was the seminar I went to. She was great. She sat down with us a and worked out a ... read more

  • Good, but overpriced

    Nov 1, 2000 by
    Rated a Very Helpful Review
    Pros: Easy to use, convenient, reliable name
    Cons: can be slow in a fast market, expensive trades

    Summary: Morgan Stanley Dean Witter is a top name in investment. It is certainly not some fly-by-night, take the money and run type organization. Having said that, the service could be somewhat better. I have had a few experiences that were quite ... read more

  • Retirees, do not consider Morgan Stanley Dean Witter

    Oct 11, 2000 by
    Rated a Very Helpful Review
    Pros: Big name
    Cons: Not helpful, don't care attitude

    Summary: I retired in July of 1999 and just before doing so, was approached by an advisor from Morgan Stanley Dean Witter who had a list of people retiring soon from the company I worked for. There was plenty of sweet talk and how my retirement would build up to ... read more

  • I Got Canned From MSDW Because of Epinions

    Aug 17, 2000 by
    Rated a Very Helpful Review
    Pros: Easy to navigate, research, real time quotes, ticker, customer service is excellent, trading is easy, many options to utilize, after hours trading
    Cons: Research costs money unless your account is $100,000 or more

    Summary: I could be the first person who got canned because of this web site. MSDW had problems with my epinions time during the work and felt that I should leave immediately. Ok, not really, but more on that later. The important thing for the consumer is that ... read more

  • Not what it seems

    Jun 11, 2000 by
    Rated a Very Helpful Review
    Pros: Fast site, Good research options
    Cons: Not all the research options needed, High priced trades

    Summary: I have been trading with morgan stanley dean writter for about a year now, and while most of their product I agree with, I do have some niggles. I deal only with the online portion of their firm, but for the few times that I have had to deal with a real ... read more

  • Mixed Bag

    May 18, 2000 by
    Rated a Very Helpful Review
    Pros: Lots & lots of advice, hand holding, guidance, Pre-IPO opportunities
    Cons: PRICEY, not as fast as I would have liked (but learned new way), only 25-50 shares per IPO

    Summary: Back in March, I got Pre-IPO fever. I heard that if I opened an account with Morgan Stanley Dean Witter, I would be able to get all these wonderful offerings. With the way the stock market was - it looked to be a great thing. I didn't ask enough ... read more

  • Profit Sharing Job At An End? Know These Important Facts!

    May 9, 2000 by
    Rated a Very Helpful Review
    Pros: Caring, Efficient, Saves and Makes Our Family Money
    Cons: Wish I'd Used Them Earlier In My Life!

    Summary: My older son has worked for one company for quite a while. His profit share is up to over $40,000. But, now, he needs to move away from the area, to work for another company. He will only receive a quarter of that $40,000. To start with, taking it ... read more

  • Higher than some, but worth it

    Apr 24, 2000 by
    Rated a Very Helpful Review
    Pros: Quick execution of trades
    Cons: higher commissions than some, and they went up even higher

    Summary: I opened a Discover brokerage account about 9 months ago. My reason for chosing it was simple - timing. I had planned to open an online account. I wanted the opportunity to take part in lower commissions, and at just about that time I got an ... read more

  • Discover was better

    Apr 22, 2000 by
    Rated a Very Helpful Review
    Pros: Simple to use, reliable trading good customer service by phone
    Cons: High Commissions, Weak service at some branches

    Summary: I had a hot stock tip and no way of acting on it back in 98. I sent for brochures from several brokers. I selected discover because their material was well written and easy to understand and 14.95 market orders.When Discover was bought by Morgan Stanley ... read more

  • MSDW Online - Best

    Apr 21, 2000 by
    Rated a Helpful Review
    Pros: price and service
    Cons: research is skimpy

    Summary: Morgan Stanley Dean Witter Online is not the cheapest brokerage, research is bare bones, but for someone who does their own research, it's hard to beat. Commission price is good, especially for bonds, for the ordinary investor. Check writing ... read more

  • Not too knowledgeable. Overly complicated

    Mar 18, 2000 by
    Rated a Very Helpful Review
    Pros: I doubt they'd actually steal your money
    Cons: expensive, considering most of these brokers only have two year degrees and less than a year of experience

    Summary: I opened a MSDW account because I'd read in Money magazine that they have the best IPO's in the business. I called in advance to ask what the requirements for IPOs are. The answer -- $100,000 in an MSDW account. The first broker I talked to ... read more

  • Saved Us From The Tax Levy Today!

    Feb 29, 2000 by
    Rated a Very Helpful Review
    Pros: honest, caring, money making for me!
    Cons: not that I've experienced.

    Summary: My full service broker, is certainly that, Will Symons, of Morgan Stanley Dean Witter. The tax man was to levy our business bank account, today, but, Will saved us with quick moves and understanding. It's true. When the tax man decides to levy against ... read more

  • MGDW, your best best

    Feb 13, 2000 by
    Rated a Helpful Review
    Pros: OTC Trading, fast transactions
    Cons: $20 limit, $15 market

    Summary: I was a long time customer of Discover Brokerage online until it was bought out by Morgan Stanley Dean Witter. The Discover Brokerage which I had come to know and love stayed the same and I am still using it today. With $20 limit trades which almost ... read more

Showing 1-20 of 51 reviews
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