Managing Director, Wealth Management, Wealth Advisor, Corporate Client Group Director, Family Wealth Director
Phone:
(312) 443-6007(312) 443-6007
233 Wealth Management Group at Morgan Stanley
Christopher Kelly, CFP®, CIMA®Peter LucasMatthew G. FitzpatrickJames F Young, CRPS®Nicholas Klupchak, CFP®Nancy Loewenberg Young, CFP®, CIMA®Natalie Albers, CFP®Nicholas Ferraro, CFA®Ryan Williams, CFP®Kate GriffinJake Fleming, CFP®Cameron J. ZuratAlex ChoiMara ParkerReagan PauwelsKylee LouderbackAlexander Nielsen
Direct:
(312) 443-6007(312) 443-6007
Our Mission Statement
Our team caters to the wealth management needs of a select group of families and institutions across the country.
Making a Meaningful Difference
At 233 Wealth Management Group at Morgan Stanley, we provide tailored advice, seasoned perspective, and access to the global resources of one of the world's leading financial institutions. Our mission is to help clients make informed, confident decisions across every stage of their financial lives.
Our team is united by a shared commitment to making a meaningful difference for the individuals, families, executives, corporations, and nonprofit organizations we serve. Drawing on diverse experience, disciplined investment insight, and a collaborative planning process, we help clients address complex financial needs through thoughtful, goals-based strategies.
We believe effective wealth management begins with understanding what matters most - your priorities, responsibilities, opportunities, and long-term vision. From there, we work with you to develop a comprehensive approach designed to help protect what you have built, support the people and causes you care about, and pursue your goals with clarity and confidence.
Our Name, Our Commitment to Excellence
By carrying "233" in our name, we honor our landmark home at 233 South Wacker Drive - the iconic Sears Tower, a structure that has long stood as a timeless symbol of the Chicago skyline. To us, the name represents more than an address. It reflects perspective, strength, and an enduring commitment to the clients we serve.
As a team, we are building every day - with trust, collaboration, knowledge, and care. Like the tower that inspires our name, our work starts with a strong foundation and rises through shared purpose, disciplined planning, and a commitment to continuous improvement.
Just as the Sears Tower has remained a defining presence on the skyline, 233 Wealth Management Group strives to serve as a steady guide for generations of clients. We help individuals, families, and institutions navigate important financial decisions with purpose - today, tomorrow, and well into the future.
Personalized Guidance for What Matters Most
With generations of combined experience, our team offers the depth, discipline, and capabilities to serve clients with a wide range of financial needs. We take the time to understand each client's goals, challenges, and circumstances, then help develop strategies aligned with their broader financial picture.
• Families value our integrated approach to wealth management, including goals-based planning, asset protection strategies, legacy planning considerations, and multigenerational wealth guidance.
• Executives rely on our experience helping them navigate the complexities of corporate benefit structures, concentrated equity positions, liquidity events, and the demands of increasingly busy professional lives.
• Corporations and nonprofit organizations look to us for guidance in defining, aligning, and implementing investment strategies and benefit solutions that support their broader objectives and long-term mission.
Services Include
- Professional Portfolio ManagementFootnote1
- Executive Financial ServicesFootnote2
- Corporate Retirement PlansFootnote3
- Endowments and FoundationsFootnote4
- Stock Plan ServicesFootnote5
- Philanthropic ManagementFootnote6
- Alternative InvestmentsFootnote7
- Financial PlanningFootnote8
- Estate Planning StrategiesFootnote9
- Trust ServicesFootnote10
- Cash Management and Lending ProductsFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Clients
We understand life gets busy and distracts the focus needed to plan for your future. We are here for you each step of the way, so you may enjoy your wealth, leave the legacy you desire and continue doing the things you love along the way.
Portfolio Management
We take a holistic view of your wealth to help meet your investment goals:
○ Asset Allocation: We provide customized asset allocations including private investments that have the potential to outperform on an absolute basis and provide diversification from traditional investments.
○ Active & Passive Implementation: We allocate the right mix of active and passive strategies opportunistically.
○ Portfolio Construction & Risk Management: We build less directional portfolios to help manage risk and potentially lower volatility.
○ Asset Allocation: We provide customized asset allocations including private investments that have the potential to outperform on an absolute basis and provide diversification from traditional investments.
○ Active & Passive Implementation: We allocate the right mix of active and passive strategies opportunistically.
○ Portfolio Construction & Risk Management: We build less directional portfolios to help manage risk and potentially lower volatility.
Executive Financial Services
We help executives navigate through complex benefit structures and specialize in the following areas:
- The sale of restricted, control and concentrated stocks under SEC Rule 144
- Evaluating complex compensation agreements
- Securities-based loans secured by eligible restricted and control stock
- Wealth transfer and gifting strategies
-10b5-1 Plans: A 10b5-1 plan can give affirmative defense against claims of insider trading. Your plan can include a trading schedule that coordinates with your personal need for liquidity and your own timing requirement
- The sale of restricted, control and concentrated stocks under SEC Rule 144
- Evaluating complex compensation agreements
- Securities-based loans secured by eligible restricted and control stock
- Wealth transfer and gifting strategies
-10b5-1 Plans: A 10b5-1 plan can give affirmative defense against claims of insider trading. Your plan can include a trading schedule that coordinates with your personal need for liquidity and your own timing requirement
Financing and Liquidity Strategies
Through your Morgan Stanley Active Assets Account, you can access a full suite of cash management solutions to help you manage your everyday finances.
Cash Management
Through Morgan Stanley, you can access a full suite of solutions to help you manage your everyday finances. Our digital tools are available to help you conveniently manage your daily finances, accessible via Morgan Stanley Online and the Mobile App.
Trust Planning
Our trustee platform is "open architecture," meaning that we provide you with access to an appropriate third-party corporate trustee for your trust account. Trust specialists, within Morgan Stanley, analyze client trust documents and situations and then suggest a fiduciary solution for your needs and goals.
Charitable Giving
Our Philanthropy Management Offering can help you identify effective and strategic giving options, offer insight and support for private foundations, donor-advised funds, and other charitable vehicles, and establish philanthropic giving circles, which extend the impact of your efforts.
Business Succession Planning
Only 58% of family business owners say they have business succession plans, however most are informal. The eventual sale of a business can be an integral part of one's retirement planning. It's important for owners to leave enough time to plan and have an adequate strategy in place.
Family Office Resources
Morgan Stanley Family Office Resources provides specialized guidance and tools for ultra high net worth families, working alongside your Financial Advisor/Private Wealth Advisor team. Support includes planning strategies, governance and education, philanthropy, and lifestyle advisory.
Resource Center
Our comprehensive suite of digital tools are designed to help enhance virtually every aspect of your financial life. Below are a few of the technologies we have to offer our clients.
Workspace Insights
There's never been a more important time for business leaders to be in the know and be in the now. Our Insights page brings industry professionals and thought leaders together to deliver the fresh perspectives and keen insights needed to help drive your business forward. Take a look at the link below for Morgan Stanley's "At Work" hub of ideas.
View the Home Page
Morgan Stanley Online (MSO)
Your investments and everyday finances are always just a few clicks away with Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App.
Register on Morgan Stanley OnlineMorgan Stanley - Ideas
At Morgan Stanley, we lead with exceptional ideas. Across all our businesses, we offer keen insight on today's most critical issues.
Visit the MS Ideas Home Page
Total Wealth View
Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access, and convenient connectivity.
Learn more about Total Wealth View
GIC On the Markets
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
View the Latest Report
LifeView
With LifeView, we'll be able to start the process to create a tailored financial plan designed to reach your financial goals, suited to your risk tolerance and preference. We continue the story, while comprehensively monitoring the plan and making adjustments as necessary.
GIC Weekly Report
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
View the Latest Report
Tax Day Prep
Still, the saying coined by Ben Franklin more than 200 years ago- "Nothing is certain except death and taxes" - rings true today. Taxes are inevitable. The sooner you get started, the better prepared you'll be both for this tax season and in future years. Here are some steps you can take as the deadline approaches.
Learn More
Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential, manage unrealized gains and help keep more of what you earn.
Learn More
Thoughts on the Market
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen Here
Alternative Investments
Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income. From simplified vehicles available more broadly to institutional strategies, the platform supports a goals-based approach for asset allocation tailored to investor needs.
Morgan Stanley Alternative InvestmentsWhat Sets Us Apart
A Team Approach
We believe you deserve thoughtful, well-informed advice. With your permission, we collaborate with your accountant, attorney and other professional advisors to develop a comprehensive understanding of your financial life. This coordinated approach helps ensure our recommendations are aligned with your needs, priorities and long-term goals.
Ability to Help You Cut Through the Complexity
We combine disciplined problem-solving with a hands-on commitment to understanding the details of your financial situation. By looking beyond the immediate issue, we can help identify forward-thinking strategies and bring greater clarity to complex decisions. We believe the more complex your needs, the more valuable our experience and perspective can be.
Straightforward, Transparent Solutions
We believe you should always understand where you stand. Through consistent communication, we keep you informed about your strategy, our recommendations and the progress you are making toward your goals. We are committed to transparency in both our process and pricing and draw upon an open-architecture platform that includes proprietary and non-proprietary investment solutions.
Integrity, Trust and Professionalism
We seek to build enduring relationships grounded in integrity, trust and professionalism. By working with a select group of clients who value our knowledge and experience, we are able to provide attentive service and comprehensive guidance that extends well beyond investments.
AWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
233 S Wacker Dr
87th Floor
Chicago, IL 60606
US
Direct:
(312) 443-6007(312) 443-6007
Fax:
(312) 267-0233(312) 267-0233
Meet 233 Wealth Management Group
Senior Vice President, Financial Advisor, Senior Portfolio Management Director, Lending Specialist
Phone:
(312) 443-6026(312) 443-6026
Senior Vice President, Financial Advisor, Portfolio Management Director, Financial Planning Specialist, Lending Specialist
Phone:
(312) 419-3266(312) 419-3266
Phone:
(312) 827-6523(312) 827-6523
Phone:
(312) 419-3479(312) 419-3479
Phone:
(312) 827-6639(312) 827-6639
Barbara Streeter
Portfolio Associate
Phone:
(312) 443-6208(312) 443-6208
Natalie Albers, CFP®
Vice President, Group Director
Phone:
(312) 443-6045(312) 443-6045
Nicholas Ferraro, CFA®
Assistant Vice President, Director of Investments
Phone:
(312) 443-6224(312) 443-6224
Ryan Williams, CFP®
Assistant Vice President, Investment Consultant
Phone:
(312) 443-6241(312) 443-6241
Kate Griffin
Wealth Management Associate
Phone:
(312) 419-3287(312) 419-3287
Jake Fleming, CFP®
Investment Consultant
Phone:
(312) 443-6074(312) 443-6074
Cameron J. Zurat
Wealth Management Associate
Phone:
(312) 443-6243(312) 443-6243
Alex Choi
Wealth Management Associate
Phone:
(312) 827-6917(312) 827-6917
Mara Parker
Registered Client Relationship Analyst
Phone:
(312) 443-6029(312) 443-6029
Reagan Pauwels
Registered Client Relationship Analyst
Phone:
(312) 443-6031(312) 443-6031
Kylee Louderback
Registered Client Relationship Analyst
Phone:
(312) 443-6035(312) 443-6035
Alexander Nielsen
Consulting Group Analyst
Phone:
(312) 443-6011(312) 443-6011
About Christopher Kelly
As a Managing Director of the 233 Wealth Management Group, Chris is responsible for shaping the team’s strategic vision and working directly with clients. He has dedicated his career to providing tailored financial advice to successful families, corporations and non-profit institutions around the country. Chris and his partners work with other areas of the firm including Investment Banking, Capital Markets, Private Banking & Lending, Morgan Stanley @ Work, and Family Office Resources to deliver first-class business in a first-class way.
Chris joined Morgan Stanley in 2001 as a financial advisor after attending Loyola University Chicago and graduating from Oakland University with a Physics degree. Chris earned the industry credentials of Certified Investment Management Analyst® through the University of Chicago, Certified Financial Planner® through DePaul University and the Chartered Retirement Plans Specialist designation through the College for Financial Planning. Within the firm, Chris is a Corporate Client Group Director, Family Wealth Director and Senior Portfolio Management Director and has mentored many new advisors at Morgan Stanley both locally and nationally since 2005. He is also a member of the Portfolio Management Institute, the Association of Professional Investment Consultants, the National Association of Plan Advisors and the National Association of Stock Plan Professionals.
Outside of the office, Chris enjoys playing sports, traveling and spending time with his wife and four kids. He is also engaged with several organizations, including Saint Ignatius College Prep, Junior Achievement of Chicago and the Brother Rice Warriors. Additionally, he serves on the Parent Leadership Council at both Boston College and Marquette University.
Chris joined Morgan Stanley in 2001 as a financial advisor after attending Loyola University Chicago and graduating from Oakland University with a Physics degree. Chris earned the industry credentials of Certified Investment Management Analyst® through the University of Chicago, Certified Financial Planner® through DePaul University and the Chartered Retirement Plans Specialist designation through the College for Financial Planning. Within the firm, Chris is a Corporate Client Group Director, Family Wealth Director and Senior Portfolio Management Director and has mentored many new advisors at Morgan Stanley both locally and nationally since 2005. He is also a member of the Portfolio Management Institute, the Association of Professional Investment Consultants, the National Association of Plan Advisors and the National Association of Stock Plan Professionals.
Outside of the office, Chris enjoys playing sports, traveling and spending time with his wife and four kids. He is also engaged with several organizations, including Saint Ignatius College Prep, Junior Achievement of Chicago and the Brother Rice Warriors. Additionally, he serves on the Parent Leadership Council at both Boston College and Marquette University.
Securities Agent: SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY, AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, PR, VI, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1297680
CA Insurance License #: 0K55304
NMLS#: 1297680
CA Insurance License #: 0K55304
About Peter Lucas
A seasoned professional with more than 35 years of experience, Peter enjoys working with successful individuals and families, providing personalized advice through a disciplined wealth management approach. His diverse investment background enables him to help clients better understand the intricate details of their portfolio and help them achieve their personal and professional goals.
Born and raised on the south side of Chicago, Peter earned his B.S.B.A. degree from Elmhurst College and his M.B.A. from DePaul University. He began his career as a Foreign Exchange Trader in 1990. Working on the Chicago trading desks of J.P. Morgan, Bank One and the Gelber Group, Peter gained a high level of understanding of the sophisticated capital markets. In 2007, he made an important career decision to join Morgan Stanley and share his years of industry knowledge with individuals and families. Peter’s favorite part of being a Financial Advisor is delivering great service and educating his clients on how to leverage the markets to positively impact their overall investment plans.
Peter’s disciplined process begins with asking the right questions and actively listening. This information then serves as the foundation for the development of a detailed plan that reflects each client’s goals, values and personal circumstances. He takes pride in his ability to put complex investment strategies into action and effectively communicate these strategies using simple and easy-to-understand language.
Current residents of Chesterton, Indiana, Peter and his wife, Theresa, are the proud parents of four grown daughters. They firmly believe in giving back to their community, actively volunteering at their local food pantry and visiting local nursing homes, assisted living facilities and schools with their therapy dog, Otis. In their free time, Peter and Theresa enjoy hiking, biking and spending time in and near the water.
Born and raised on the south side of Chicago, Peter earned his B.S.B.A. degree from Elmhurst College and his M.B.A. from DePaul University. He began his career as a Foreign Exchange Trader in 1990. Working on the Chicago trading desks of J.P. Morgan, Bank One and the Gelber Group, Peter gained a high level of understanding of the sophisticated capital markets. In 2007, he made an important career decision to join Morgan Stanley and share his years of industry knowledge with individuals and families. Peter’s favorite part of being a Financial Advisor is delivering great service and educating his clients on how to leverage the markets to positively impact their overall investment plans.
Peter’s disciplined process begins with asking the right questions and actively listening. This information then serves as the foundation for the development of a detailed plan that reflects each client’s goals, values and personal circumstances. He takes pride in his ability to put complex investment strategies into action and effectively communicate these strategies using simple and easy-to-understand language.
Current residents of Chesterton, Indiana, Peter and his wife, Theresa, are the proud parents of four grown daughters. They firmly believe in giving back to their community, actively volunteering at their local food pantry and visiting local nursing homes, assisted living facilities and schools with their therapy dog, Otis. In their free time, Peter and Theresa enjoy hiking, biking and spending time in and near the water.
Securities Agent: MS, DC, WV, SD, OR, OH, NM, NH, IN, ID, DE, CO, RI, NY, MI, MD, NE, MA, CA, WI, VA, OK, KS, PR, NV, MT, AR, HI, AL, WY, TN, MN, LA, KY, GA, FL, AK, VT, PA, MO, ME, IA, AZ, WA, UT, CT, TX, SC, NJ, NC, IL; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1316567
CA Insurance License #: 0G73970
NMLS#: 1316567
CA Insurance License #: 0G73970
About Matthew G. Fitzpatrick
Matt has spent his entire 18+ year career at Morgan Stanley, which began in 2008 after graduating with a bachelor’s degree in Economics from Purdue University. Prior to moving to Chicago in 2017, Matt was a Vice President at Morgan Stanley’s headquarters in New York City working in the Institutional Equities Division as an account manager to several of the world’s largest hedge funds.
Now, as a Senior Vice President, Financial Advisor, Portfolio Management Director, Financial Planning Specialist and Lending Specialist with The 233 Wealth Management Group, Matt implements customized wealth strategies for corporate executives, families and individuals utilizing his experience in financial planning, capital markets, alternative investments and tailored lending. He and his partners work with other areas of the firm including Investment Banking, Capital Markets, Private Banking, and Corporate Business Services to help deliver first class business in a first class way. He is registered as a securities agent in all 50 states and holds both Insurance & Variable Annuity Licenses.
Matt currently resides in Wilmette, IL with his wife, Jeanette, and three sons: Connor, Charlie and Will. Outside of the office, he enjoys traveling with his family, coaching his sons’ teams, and is an avid golfer. He is also an active member of Saints JFX Parish and iMentor.
Now, as a Senior Vice President, Financial Advisor, Portfolio Management Director, Financial Planning Specialist and Lending Specialist with The 233 Wealth Management Group, Matt implements customized wealth strategies for corporate executives, families and individuals utilizing his experience in financial planning, capital markets, alternative investments and tailored lending. He and his partners work with other areas of the firm including Investment Banking, Capital Markets, Private Banking, and Corporate Business Services to help deliver first class business in a first class way. He is registered as a securities agent in all 50 states and holds both Insurance & Variable Annuity Licenses.
Matt currently resides in Wilmette, IL with his wife, Jeanette, and three sons: Connor, Charlie and Will. Outside of the office, he enjoys traveling with his family, coaching his sons’ teams, and is an avid golfer. He is also an active member of Saints JFX Parish and iMentor.
Securities Agent: AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, AR, MN, AK; General Securities Representative; Investment Advisor Representative
NMLS#: 1809632
NMLS#: 1809632
About James F Young
With 43 years of industry experience, Jim works closely with high net worth families and individuals to help them achieve their goals, whether that's funding education costs, buying a new home, building a retirement nest egg or preserving net worth from a lifetime of work. Jim draws on his expansive financial markets background from the institutional side of the business to construct his clients' portfolios, placing a particular focus on fixed income as an integral part of their asset allocation strategies. By leveraging Morgan Stanley's resources, he is able to design solutions and position client portfolios around specific risk and income requirements.
Jim joined Morgan Stanley as a Financial Advisor in 2008. Previously, Jim was a Managing Director with Bear, Stearns and Co. in the Institutional Fixed Income Department for 14 years and worked with Goldman Sachs 11 years before that as a Senior Institutional Fixed Income Sales Specialist. In 1981, Jim earned his B.S.B.A. degree in Finance from the University of Arkansas and his MBA in 1983 from Washington University in St. Louis. Jim also holds his Chartered Retirement Plan Specialist® designation.
A father of 3 grown children and a grandfather of 3 grandchildren, Jim currently resides in Chicago with his wife. Outside of the office, Jim enjoys golfing, fishing, and camping with his family.
Jim joined Morgan Stanley as a Financial Advisor in 2008. Previously, Jim was a Managing Director with Bear, Stearns and Co. in the Institutional Fixed Income Department for 14 years and worked with Goldman Sachs 11 years before that as a Senior Institutional Fixed Income Sales Specialist. In 1981, Jim earned his B.S.B.A. degree in Finance from the University of Arkansas and his MBA in 1983 from Washington University in St. Louis. Jim also holds his Chartered Retirement Plan Specialist® designation.
A father of 3 grown children and a grandfather of 3 grandchildren, Jim currently resides in Chicago with his wife. Outside of the office, Jim enjoys golfing, fishing, and camping with his family.
Securities Agent: MD, AK, AL, CT, DC, DE, GA, HI, IA, IL, TX, MO, WY, WI, UT, TN, OH, NY, MI, KS, IN, FL, CO, CA, AZ, AR, ID, KY, MS, MT, LA, NC, ND, NE, NH, NJ, NM, NV, OK, OR, PA, RI, SC, SD, VA, VT, WA, WV, ME, MN, MA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1285329
NMLS#: 1285329
About Nicholas Klupchak
Nick Klupchak is a Financial Advisor for The 233 Wealth Management Group. While adhering to the team's Wealth Management process and with the support of Morgan Stanley's intellectual capital and vast pool of resources, Nick works diligently to implement and monitor his clients' financial plans, empowering them with confidence that they are on track to achieve their goals. Planning is not a one-size fits all approach. Starting his process first with an in-depth discovery, Nick is able to determine his client's financial needs and goals and tailor a financial plan specific to them.
Bringing his experiences to Morgan Stanley in July of 2019, Nick worked in the Insurance industry previously in a Sales Management capacity. He attended the University of Iowa and graduated with a double major: BBA Finance and Economics. Nick holds his Certified Financial Planner™ (CFP®) designation, is Series 7 and 66 licensed, and also holds his Life Insurance and Variable Annuity licenses.
Nick was born and raised in the city of Chicago. Outside of work, he has strong interests in traveling, skiing, participating in intramural sports leagues, and spending time with family and friends.
Bringing his experiences to Morgan Stanley in July of 2019, Nick worked in the Insurance industry previously in a Sales Management capacity. He attended the University of Iowa and graduated with a double major: BBA Finance and Economics. Nick holds his Certified Financial Planner™ (CFP®) designation, is Series 7 and 66 licensed, and also holds his Life Insurance and Variable Annuity licenses.
Nick was born and raised in the city of Chicago. Outside of work, he has strong interests in traveling, skiing, participating in intramural sports leagues, and spending time with family and friends.
Securities Agent: NY, AZ, TN, IA, MD, IL, WA, OK, MI, LA, ID, FL, CT, VA, UT, TX, KS, MT, SC, NV, NH, NC, ME, DE, AR, AK, OR, OH, HI, GA, WY, NJ, MA, MO, CA, WV, NM, MN, IN, DC, CO, AL, WI, RI, PA; General Securities Representative; Investment Advisor Representative
NMLS#: 2266618
NMLS#: 2266618
About Nancy Loewenberg Young
Nancy is a First Vice President and Financial Advisor who has worked with clients of more than two generations. Her primary focus is always on the clients, their families and their goals. Economic cycles come and go and markets can seem confounding. But True North is grounded in the trust that a client places in her. With that as the foundation, all the resources and intellectual power of Morgan Stanley are available to build and refine a plan over time that leads to achieving the goals each family sets. And there is no greater satisfaction than living through such experiences.
Nancy began at Morgan Stanley and its predecessor in 1983, having worked previously at two storied Wall Street firms: Blyth, Eastman Dillon and LF Rothschild, Unterberg Towbin where she learned the municipal bond market and witnessed the early days of Silicon Valley and the IPO of Genentech. Nancy's undergraduate degree is in German and French Languages and Literatures earned at the College of Mount St Vincent in New York. Her graduate studies were in theology, an M.A.at Marquette University, Milwaukee, and in early childhood education, an M.A. at the Institute for Psychoanalysis in Chicago. She received her CFP certification from the College for Financial Planning and her CIMA designation from the Wharton School of Business at the University of Pennsylvania.
Nancy lives in Chicago with her husband, Webster Young. Nancy's love of architecture is expressed in her 25 years as a River Tour docent with the Chicago Architecture Center. She works to celebrate achievements of young people, with her service to the Leader Council of Mercy Home for Boys and Girls. For 25 years she has marked their 100% graduation rate at Mercy Home. And in her free time, you'll find Nancy at live events: relishing Chicago's world class theater and symphony. Her favorite times to drop in at the Art Institute and the MCA are late afternoons. And most mornings see an early start at the gym. Nancy reads fiction and supports independent bookstores. She's a coop member of the Seminary Coop Bookstores at the University of Chicago and is often seen at Madison Street Books.
Nancy began at Morgan Stanley and its predecessor in 1983, having worked previously at two storied Wall Street firms: Blyth, Eastman Dillon and LF Rothschild, Unterberg Towbin where she learned the municipal bond market and witnessed the early days of Silicon Valley and the IPO of Genentech. Nancy's undergraduate degree is in German and French Languages and Literatures earned at the College of Mount St Vincent in New York. Her graduate studies were in theology, an M.A.at Marquette University, Milwaukee, and in early childhood education, an M.A. at the Institute for Psychoanalysis in Chicago. She received her CFP certification from the College for Financial Planning and her CIMA designation from the Wharton School of Business at the University of Pennsylvania.
Nancy lives in Chicago with her husband, Webster Young. Nancy's love of architecture is expressed in her 25 years as a River Tour docent with the Chicago Architecture Center. She works to celebrate achievements of young people, with her service to the Leader Council of Mercy Home for Boys and Girls. For 25 years she has marked their 100% graduation rate at Mercy Home. And in her free time, you'll find Nancy at live events: relishing Chicago's world class theater and symphony. Her favorite times to drop in at the Art Institute and the MCA are late afternoons. And most mornings see an early start at the gym. Nancy reads fiction and supports independent bookstores. She's a coop member of the Seminary Coop Bookstores at the University of Chicago and is often seen at Madison Street Books.
Securities Agent: TX, OR, OH, IL, FL, CA, AR, IN, AZ, NY, NC, AL, CO, NM, HI, GA, PA, NJ, DE, WV, WI, MO; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1255605
NMLS#: 1255605
About Barbara Streeter
Throughout her more than 25 years of experience, Barb has served in many roles, including Operations Manager and Assistant Branch Manager. Barb joined Morgan Stanley in 2004 and holds the FINRA licenses 7, 9, 10, and 63.
As a Portfolio Associate, Barb maintains client relationships while managing administrative duties, providing operational support, and overseeing special projects. Her years of experience give her heightened knowledge in complex situations such as trusts, estates, international accounts, and Alternative Investments.
She attended Drew University where she graduated with a BA in Art History. Barb lives in the South Suburbs of Chicago with her husband and 2 children.
As a Portfolio Associate, Barb maintains client relationships while managing administrative duties, providing operational support, and overseeing special projects. Her years of experience give her heightened knowledge in complex situations such as trusts, estates, international accounts, and Alternative Investments.
She attended Drew University where she graduated with a BA in Art History. Barb lives in the South Suburbs of Chicago with her husband and 2 children.
About Natalie Albers
As Group Director at The 233 Wealth Management Group at Morgan Stanley, Natalie helps to shape the vision of client service and business management. She oversees daily business operations and defines clear roles and responsibilities for each member of the team while delivering exceptional service to clients.
Growing up in Tinley Park, Natalie was always interested in a career in management. She attended Valparaiso University, where she earned her B.S. degree in Business Administration, and upon graduation joined Morgan Stanley in 2017. She has a certificate in financial planning from Northwestern University and holds her Series 7 and 66 FINRA licenses, as well as her Illinois Life and Health Insurance licenses.
Today, Natalie lives in the Streeterville neighborhood of Chicago. Outside of the office, she enjoys traveling, reading and exploring the Windy City.
The CFP® certification process, administered by CFP Board, identifies to the public that those individuals who have been authorized to use the CFP® certification marks in the U.S. have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients.
Morgan Stanley Smith Barney LLC offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Disclaimer: This role cannot solicit or provide investment advice
Growing up in Tinley Park, Natalie was always interested in a career in management. She attended Valparaiso University, where she earned her B.S. degree in Business Administration, and upon graduation joined Morgan Stanley in 2017. She has a certificate in financial planning from Northwestern University and holds her Series 7 and 66 FINRA licenses, as well as her Illinois Life and Health Insurance licenses.
Today, Natalie lives in the Streeterville neighborhood of Chicago. Outside of the office, she enjoys traveling, reading and exploring the Windy City.
The CFP® certification process, administered by CFP Board, identifies to the public that those individuals who have been authorized to use the CFP® certification marks in the U.S. have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients.
Morgan Stanley Smith Barney LLC offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Disclaimer: This role cannot solicit or provide investment advice
About Nicholas Ferraro
As an Assistant Vice President and Director of Investments at the 233 Wealth Management Group at Morgan Stanley, Nick is responsible for investment research, asset allocation, and trading activities within the team’s accounts. He enjoys analyzing the many investment options available in today’s dynamic marketplace and contributing valuable insights to help clients make appropriate portfolio decisions.
He graduated from the University of Chicago with a BA in Economics and a minor in Astronomy & Astrophysics. Outside of class, Nick played football and wrestled. He holds the FINRA Series 7 and 66 licenses, and in August 2022, he earned the Chartered Financial Analyst® (CFA®) designation.
He began his career as an intern at UBS during the summer of his sophomore year in 2016. He then interned with The 233 Wealth Management Group in the summer of 2017, continued working part-time through the rest of his studies, and joined the team full-time after graduation in March 2019. Since then, he has progressed into the Consulting Group Analyst role for the team.
Outside of his professional life, Nick spends his time training wrestling and Brazilian jiu jitsu. He enjoys hiking, camping, and fishing, and is an avid reader of financial, political, and historical literature.
Nick is the oldest of six siblings, with two brothers and three sisters, and is originally from the Boston area. He now resides in Fort Lauderdale, Florida with his wife, Kylie.
He graduated from the University of Chicago with a BA in Economics and a minor in Astronomy & Astrophysics. Outside of class, Nick played football and wrestled. He holds the FINRA Series 7 and 66 licenses, and in August 2022, he earned the Chartered Financial Analyst® (CFA®) designation.
He began his career as an intern at UBS during the summer of his sophomore year in 2016. He then interned with The 233 Wealth Management Group in the summer of 2017, continued working part-time through the rest of his studies, and joined the team full-time after graduation in March 2019. Since then, he has progressed into the Consulting Group Analyst role for the team.
Outside of his professional life, Nick spends his time training wrestling and Brazilian jiu jitsu. He enjoys hiking, camping, and fishing, and is an avid reader of financial, political, and historical literature.
Nick is the oldest of six siblings, with two brothers and three sisters, and is originally from the Boston area. He now resides in Fort Lauderdale, Florida with his wife, Kylie.
About Ryan Williams
Ryan is an Assistant Vice President and Investment Consultant at The 233 Wealth Management Group. For the team, Ryan is responsible for providing exceptional client service through various forms of operational and administrative support, including providing pertinent information for financial advisors, processing client requests, and resolving client inquiries.
Coming from a large family, Ryan is 5th among 6 children. Born and raised in Lombard, IL, Ryan attended the University of Illinois at Urbana-Champaign where he graduated with a degree in Finance. With a passion for personal finance, delivering top notch service and developing fulfilling and genuine relationships, Ryan strives to bring a positive attitude and relentless work ethic to help clients reach their goals.
Outside of work, Ryan loves to spend time with his family. Additionally, Ryan has a deep passion for Chicago sports, snowboarding, film scores and Mixology.
Coming from a large family, Ryan is 5th among 6 children. Born and raised in Lombard, IL, Ryan attended the University of Illinois at Urbana-Champaign where he graduated with a degree in Finance. With a passion for personal finance, delivering top notch service and developing fulfilling and genuine relationships, Ryan strives to bring a positive attitude and relentless work ethic to help clients reach their goals.
Outside of work, Ryan loves to spend time with his family. Additionally, Ryan has a deep passion for Chicago sports, snowboarding, film scores and Mixology.
About Kate Griffin
Kate Griffin is a Wealth Management Associate with the 233 Wealth Management Group at Morgan Stanley. She supports the team’s Morgan Stanley at Work business, helping serve corporate and institutional relationships, including retirement plans, endowments, foundations and equity compensation plans.
In her role, Kate helps coordinate client service, relationship management and financial wellness initiatives for organizations, executives and employees. She works closely with clients to understand their priorities, build lasting relationships and help support their broader financial goals.
Kate was born and raised in Dublin, Ohio, and graduated from Indiana University with a double major in Finance and Entrepreneurship & Corporate Innovation. She holds the Series 7 and Series 66 licenses.
Outside of the office, Kate enjoys spending time with friends and family, staying active, traveling and exploring the city of Chicago.
In her role, Kate helps coordinate client service, relationship management and financial wellness initiatives for organizations, executives and employees. She works closely with clients to understand their priorities, build lasting relationships and help support their broader financial goals.
Kate was born and raised in Dublin, Ohio, and graduated from Indiana University with a double major in Finance and Entrepreneurship & Corporate Innovation. She holds the Series 7 and Series 66 licenses.
Outside of the office, Kate enjoys spending time with friends and family, staying active, traveling and exploring the city of Chicago.
About Jake Fleming
Jake Fleming is an Investment Consultant with the 233 Wealth Management Group at Morgan Stanley. Originally from Whitefish Bay, Wisconsin, Jake specializes in employee benefits and equity compensation, helping clients understand how stock options, restricted stock, and workplace benefits can fit into their broader financial plans.
Jake studied Economics at the University of Wisconsin, where he developed an interest in global events and financial markets. He brings a fresh perspective to the team and is passionate about helping clients make informed financial decisions.
Outside the office, Jake enjoys traveling, hiking, fishing, skiing, visiting his cabin in the Wisconsin Northwoods, baseball, and classic rock music.
Jake studied Economics at the University of Wisconsin, where he developed an interest in global events and financial markets. He brings a fresh perspective to the team and is passionate about helping clients make informed financial decisions.
Outside the office, Jake enjoys traveling, hiking, fishing, skiing, visiting his cabin in the Wisconsin Northwoods, baseball, and classic rock music.
About Cameron J. Zurat
Cameron Zurat is a Wealth Management Associate with the 233 Wealth Management Group at Morgan Stanley. For the team, Cam is responsible for various forms of administrative and operational support, including servicing client requests as well as supporting the financial advisors on the team. He strives to provide clients and advisors high quality customer and operational support and is passionate about helping clients reach their financial goals.
Prior to joining Morgan Stanley in 2023, Cam graduated from University of Dayton with a major in Finance. In particular, Cam had strong interests in Portfolio Management and Global Events. Originally from Buffalo, NY, Cam is a middle child of 3. He enjoys spending time outdoors, watching his favorite sports teams, and exploring all Chicago has to offer.
Prior to joining Morgan Stanley in 2023, Cam graduated from University of Dayton with a major in Finance. In particular, Cam had strong interests in Portfolio Management and Global Events. Originally from Buffalo, NY, Cam is a middle child of 3. He enjoys spending time outdoors, watching his favorite sports teams, and exploring all Chicago has to offer.
About Alex Choi
Alex Choi is a Wealth Management Associate with the 233 Wealth Management Group at Morgan Stanley. Alex grew up in the Chicago suburbs and later attended The Ohio State University, where he studied Finance. After graduating in 2023, he returned to Chicago and now supports the team by developing financial plans for clients and providing thoughtful service and guidance as they work toward their financial goals.
In his free time, Alex is an avid sports fan who enjoys participating in recreational leagues and cheering on the Bears, Bulls, Cubs, and Buckeyes. He also enjoys traveling, weekly pub trivia, and running along the city's lakefront.
In his free time, Alex is an avid sports fan who enjoys participating in recreational leagues and cheering on the Bears, Bulls, Cubs, and Buckeyes. He also enjoys traveling, weekly pub trivia, and running along the city's lakefront.
About Mara Parker
Mara Parker is a Registered Client Relationship Analyst with the 233 Wealth Management Group at Morgan Stanley. Mara graduated from DePaul University with a Bachelor of Science in Business Economics, where she focused on macro-level analysis and data-driven decision-making—skills she now applies to serving clients in financial services. She joined the team in March 2025 and assists in delivering exceptional service to clients, collaborating closely with advisors to support their needs.
Before transitioning to Wealth Management, Mara spent six years in the hospitality industry, working in fine dining and even training under a sommelier. Her background refined her ability to build client relationships, tailor service, and manage high-pressure environments—qualities she brings to her role daily. She thrives in client-facing settings and is passionate about learning the intricacies of financial markets while contributing to her team’s success.
Originally from Belvidere, Illinois, Mara moved to the city of Chicago at 18 to pursue her education. Outside the office, she embraces city life—exploring restaurants, attending concerts, practicing yoga, and connecting with friends. A self-proclaimed people person, she loves hearing others’ stories and discovering new experiences.
Before transitioning to Wealth Management, Mara spent six years in the hospitality industry, working in fine dining and even training under a sommelier. Her background refined her ability to build client relationships, tailor service, and manage high-pressure environments—qualities she brings to her role daily. She thrives in client-facing settings and is passionate about learning the intricacies of financial markets while contributing to her team’s success.
Originally from Belvidere, Illinois, Mara moved to the city of Chicago at 18 to pursue her education. Outside the office, she embraces city life—exploring restaurants, attending concerts, practicing yoga, and connecting with friends. A self-proclaimed people person, she loves hearing others’ stories and discovering new experiences.
About Reagan Pauwels
Reagan Pauwels is a Registered Client Relationship Analyst with the 233 Wealth Management Group at Morgan Stanley. Reagan graduated from Notre Dame with a Master of Finance and Cornell University with a bachelor’s in business administration with an emphasis on hospitality. At both Notre Dame and Cornell, Reagan competed in the ACC / Ivy League as a midfielder on the women’s soccer teams where she earned collegiate accolades. This experience has instilled a deep appreciation for teamwork, resilience, and discipline.
Reagan was born and raised in Monmouth County, New Jersey and is the oldest of 5 children. Combining Reagan’s life experiences, education, and her passion for people has led her to wealth management. Reagan assists in delivering exceptional service to clients as well as operational and administrative support for the team.
Outside the office Reagan enjoys spending time with family and friends, staying active (skiing, marathon training, pick up soccer, swimming, pickleball), trying new restaurants, and listening to Billy Joel/The Beatles.
Reagan was born and raised in Monmouth County, New Jersey and is the oldest of 5 children. Combining Reagan’s life experiences, education, and her passion for people has led her to wealth management. Reagan assists in delivering exceptional service to clients as well as operational and administrative support for the team.
Outside the office Reagan enjoys spending time with family and friends, staying active (skiing, marathon training, pick up soccer, swimming, pickleball), trying new restaurants, and listening to Billy Joel/The Beatles.
About Kylee Louderback
Kylee Louderback is a Registered Client Relationship Analyst with the 233 Wealth Management Group at Morgan Stanley, where she plays a vital role in client service and operational support. Kylee graduated from the University of Kansas with a Bachelor of Science in Finance. Her academic background, combined with her FINRA Series 7 and Series 66 licenses, equips her with the expertise to excel in wealth management. She joined the team in October 2025 and is committed to delivering exceptional service and working closely with advisors to support each clients’ goals.
Before her current role, Kylee interned at Morgan Stanley in Kansas City through the Wealth Management Pathways Program in the summer of 2023 and later joined full-time as a Client Relationship Analyst in 2024. Her experience in financial services, coupled with her collegiate cheerleading background, has honed her skills in teamwork, communication, and enthusiasm which are qualities she brings to her role every day. Kylee enjoys the dynamic and fast-paced nature of wealth management, where she’s given the opportunity to solve new challenges daily. She finds fulfillment in delivering solutions and building strong relationships to positively impact clients' lives.
Kylee is the youngest of two siblings. She is from the Kansas City area, but recently moved to Chicago and is excited to explore the city’s vibrant offerings. Outside the office, Kylee stays active by challenging herself in the gym, traveling, attending concerts, and trying new restaurants. A proud KU alumni and Kansas City native, she is an avid supporter of the Jayhawks and the Chiefs, always eager to cheer for her teams.
Before her current role, Kylee interned at Morgan Stanley in Kansas City through the Wealth Management Pathways Program in the summer of 2023 and later joined full-time as a Client Relationship Analyst in 2024. Her experience in financial services, coupled with her collegiate cheerleading background, has honed her skills in teamwork, communication, and enthusiasm which are qualities she brings to her role every day. Kylee enjoys the dynamic and fast-paced nature of wealth management, where she’s given the opportunity to solve new challenges daily. She finds fulfillment in delivering solutions and building strong relationships to positively impact clients' lives.
Kylee is the youngest of two siblings. She is from the Kansas City area, but recently moved to Chicago and is excited to explore the city’s vibrant offerings. Outside the office, Kylee stays active by challenging herself in the gym, traveling, attending concerts, and trying new restaurants. A proud KU alumni and Kansas City native, she is an avid supporter of the Jayhawks and the Chiefs, always eager to cheer for her teams.
About Alexander Nielsen
Alexander Nielsen supports Morgan Stanley clients and advisors by delivering thoughtful investment research and detailed performance attribution, helping translate market developments into actionable portfolio insights. Drawn to financial markets from an early age, he enjoys exploring how global events influence asset prices and strives to help investors make informed decisions about their hard-earned savings.
Alexander joined Morgan Stanley as an intern and transitioned to a full-time role after demonstrating a strong ability to analyze data and communicate findings clearly. He also gained experience with Pictet Asset Management’s Developed Markets Credit team, which sharpened his credit-research skills and broadened his perspective on multi-asset portfolios.
He earned a Master of Finance (High Honors) from the University of Chicago Booth School of Business and holds a B.A. in Economics from Columbia University. Multilingual in Greek, Danish and French, Alexander values the diverse perspectives that language and culture provide.
Outside the office, he enjoys playing competitive tennis, attending Chicago Symphony Orchestra performances, and practicing the violin—pursuits that challenge both body and mind and keep him curious, focused, and engaged with others.
Alexander joined Morgan Stanley as an intern and transitioned to a full-time role after demonstrating a strong ability to analyze data and communicate findings clearly. He also gained experience with Pictet Asset Management’s Developed Markets Credit team, which sharpened his credit-research skills and broadened his perspective on multi-asset portfolios.
He earned a Master of Finance (High Honors) from the University of Chicago Booth School of Business and holds a B.A. in Economics from Columbia University. Multilingual in Greek, Danish and French, Alexander values the diverse perspectives that language and culture provide.
Outside the office, he enjoys playing competitive tennis, attending Chicago Symphony Orchestra performances, and practicing the violin—pursuits that challenge both body and mind and keep him curious, focused, and engaged with others.
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Mamta Shah
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About Mehul Dhadankar
Mehul Dhadankar is a Private Banker serving Morgan Stanley Wealth Management offices in Illinois.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Mehul began his career in financial services in 1998 and joined Morgan Stanley in 2017. Prior to joining the firm, he served as a Business Development Manager for Bank of America Merrill Lynch in the Merrill Lynch Edge product team. Mehul also served as a Resident Manager, Senior Banker, and Premier Client Manager at Bank of America.
Mehul is a graduate of the DePaul University, where he received a Bachelor of Science in Finance. He lives in Chicago, Illinois with his family. Outside of the office, Mehul enjoys playing golf, traveling, and spending time family and friends.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Mehul began his career in financial services in 1998 and joined Morgan Stanley in 2017. Prior to joining the firm, he served as a Business Development Manager for Bank of America Merrill Lynch in the Merrill Lynch Edge product team. Mehul also served as a Resident Manager, Senior Banker, and Premier Client Manager at Bank of America.
Mehul is a graduate of the DePaul University, where he received a Bachelor of Science in Finance. He lives in Chicago, Illinois with his family. Outside of the office, Mehul enjoys playing golf, traveling, and spending time family and friends.
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About Mamta Shah
Mamta Shah is the Trust Specialist based in Chicago, covering the Midwest Region. Morgan Stanley provides a full array of personal and institutional trust services to high net worth clients of the firm. Mamta’s responsibilities include educating Financial Advisors and their clients on the open architecture trust service model and helping them identify opportunities to leverage the trust partners on the platform.
Before joining Trust Services in 2010, she was the Wealth Analyst with the Chicago based Wealth Planning Center at Morgan Stanley. Mamta was responsible for providing information and education on a full range of income and estate tax topics and concerns.
Prior to joining the Planning Center team in 2006, Mamta was Vice President of an Independent Investment Advisory Firm. She worked closely with the clients of the firm on a variety of financial planning and investment advisory services.
Mamta obtained her bachelor’s degree from Babson College with a major in Finance/Entrepreneurship. Mamta is a licensed CPA and holds a CFP® designation, She has been in the financial services industry since 1999. She is Series 7, 63, 65 and life/health insurance licensed. She is a member of the AICPA and the Illinois CPA Society. She lives in Chicago with her family.
Before joining Trust Services in 2010, she was the Wealth Analyst with the Chicago based Wealth Planning Center at Morgan Stanley. Mamta was responsible for providing information and education on a full range of income and estate tax topics and concerns.
Prior to joining the Planning Center team in 2006, Mamta was Vice President of an Independent Investment Advisory Firm. She worked closely with the clients of the firm on a variety of financial planning and investment advisory services.
Mamta obtained her bachelor’s degree from Babson College with a major in Finance/Entrepreneurship. Mamta is a licensed CPA and holds a CFP® designation, She has been in the financial services industry since 1999. She is Series 7, 63, 65 and life/health insurance licensed. She is a member of the AICPA and the Illinois CPA Society. She lives in Chicago with her family.
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trusts, estate planning, charitable giving, philanthropic planning and other legal matters.
Morgan Stanley does not accept appointments, nor will it act as a trustee, but it will provide access to trust services through an appropriate third-party corporate trustee.
Trusts are not necessarily appropriate for all clients. There are risks and considerations which may outweigh any potential benefits. Establishing a trust will incur fees and expenses which may be substantial. Trusts often incur ongoing administrative fees and expenses such as the services of a corporate trustee, attorney, or tax professional.
Trust services are provided by third parties who are not affiliated with Morgan Stanley. Neither Morgan Stanley nor its affiliates are the provider of such trust services and will not have any input or responsibility concerning a client’s eligibility for, or the terms and conditions associated with these trust services. Neither Morgan Stanley nor its affiliates shall be responsible for any advice or services provided by the unaffiliated third parties. Morgan Stanley or its affiliates may participate in transactions on a basis separate from the referral of clients to these third parties and may receive compensation in connection with referrals made to them.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trusts, estate planning, charitable giving, philanthropic planning and other legal matters.
Morgan Stanley does not accept appointments, nor will it act as a trustee, but it will provide access to trust services through an appropriate third-party corporate trustee.
Trusts are not necessarily appropriate for all clients. There are risks and considerations which may outweigh any potential benefits. Establishing a trust will incur fees and expenses which may be substantial. Trusts often incur ongoing administrative fees and expenses such as the services of a corporate trustee, attorney, or tax professional.
Trust services are provided by third parties who are not affiliated with Morgan Stanley. Neither Morgan Stanley nor its affiliates are the provider of such trust services and will not have any input or responsibility concerning a client’s eligibility for, or the terms and conditions associated with these trust services. Neither Morgan Stanley nor its affiliates shall be responsible for any advice or services provided by the unaffiliated third parties. Morgan Stanley or its affiliates may participate in transactions on a basis separate from the referral of clients to these third parties and may receive compensation in connection with referrals made to them.
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1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
8Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
10Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
11Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
8Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
10Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
11Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 4763067 (9/2025), 5378280 (5/2026)
