NEW YORK (AP) — Morgan Stanley said Tuesday that its U.S. wealth management business, Morgan Stanley Smith Barney, has been renamed Morgan Stanley Wealth Management.

The business manages $1.7 trillion in client assets through a network of 17,000 people in 740 locations. Earlier this month, the company reached a deal with Citigroup Inc. to increase its majority stake in the business and ultimately assume full control of it by June of 2015.

Recommended Stories

With Google parent’s quarterly loss, tax bill trips up another S&P 500 titan

Morgan Stanley’s former diversity chief files discrimination lawsuit against firm

US banks to send checks in foreclosure settlement