Businessweek

d forecasts relating to economic and monetary developments that affect matters, such as interest rates, foreign currencies, securities, derivatives and economic trends; and provides analytical support and publishes reports on asset-backed securities and the markets in which such securities are traded and data are disseminated to investors through third-party distributors, proprietary Internet sites, such as Client Link and Matrix, and the company’s global representatives. GLOBAL WEALTH MANAGEMENT GROUP This segment includes the company’s 65% interest in Morgan Stanley Smith Barney Holdings LLC (the Wealth Management Joint Venture or Wealth Management JV), provides financial services to clients through a network of approximately 16,700 global representatives in 712 locations as of December 31, 2012 Clients Global Wealth Management Group professionals serve individual investors and small-to-medium sized businesses and institutions with an emphasis on ultra high net worth, high net worth and affluent investors. Global representatives are located in branches across the U.S. and provide solutions designed to accommodate the individual investment objectives, risk tolerance and liquidity needs of investors residing in and outside the U.S. Call centers are available to meet the needs of emerging affluent clients. Outside of the U.S., Global Wealth Management Group has offices in Australia, Hong Kong, the European Union (E.U.), India, the Middle East, Singapore, and Switzerland. Products and Services The Global Wealth Management Group provides clients with a range of financial solutions, including products and services from the company, Citigroup Inc. and third-party providers, such as insurance companies and mutual fund families. Global Wealth Management Group provides brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts and mutual fund asset allocation programs. Global Wealth Management Group also engages in fixed income principal trading, which primarily facilitates clients’ trading or investments in such securities. In addition, Global Wealth Management Group offers education savings programs, financial and wealth planning services, and annuity and other insurance products. In addition, Global Wealth Management Group offers its clients access to various cash management services through various banks and other third parties, including deposits, debit cards, electronic bill payments and check writing, as well as lending products through affiliates, such as Morgan Stanley Private Bank, National Association (MS Private Bank) and MSBNA, including securities based lending, mortgage loans and home equity lines of credit. Global Wealth Management Group also provides trust and fiduciary services, offers access to cash management and commercial credit solutions to qualified small- and medium-sized businesses in the U.S., and provides individual and corporate retirement solutions, including individual retirement accounts and 401(k) plans and U.S. and global stock plan services to corporate executives and businesses. Global Wealth Management Group provides clients various ways to establish a relationship and conduct business, including brokerage accounts with transaction-based pricing and investment advisory accounts with asset-based fee pricing. ASSET MANAGEMENT This segment consists of Merchant Banking, Traditional Asset Management, and Real Estate Investing activities. The company offers clients a range of equity, fixed income and alternative investments and merchant banking strategies. Portfolio managers located in the U.S., Europe and Asia manage investment products ranging from money market funds to equity and fixed income strategies, alternative investment and merchant banking products in developed and emerging markets across geographies and market cap ranges. The company offers a range of alternative investment, real estate investing and merchan