was adapted to "We measure success one investor at a time" and was used by Dean Witter and later Morgan Stanley.

[8] In 1958, Reynolds passed its leadership to the next generation with Thomas F. Staley departing and naming Robert M. Gardiner to head the firm.

[9] In 1976, Reynolds implements REYCOM, the most sophisticated high-speed wire system in the industry.

Meanwhile, the firm was continuing its expansion, acquiring its first international offices in Lugano and Lausanne, Switzerland.

[10] At the time of its merger with Dean Witter & Co. in 1978, Reynolds Securities had over 3,100 employees in 72 offices producing gross revenues of nearly $120 million.