Audney DePaulo
Senior Vice President, Private Wealth Advisor
Phone:
(310) 788-2019(310) 788-2019
Morgan Stanley Private Wealth Management
Audney DePaulo
Senior Vice President,
Private Wealth Advisor,
Global Sports and Entertainment Director,
Alternative Investments Director,
Senior Portfolio Management Director
Direct:
(310) 788-2019(310) 788-2019
My Mission Statement
We strive to be lifelong partners in our clients’ ever-evolving financial journey. We collaborate with high net worth individuals, families, and foundations to help navigate and simplify the complexities of multigenerational wealth. By listening closely and understanding what matters most, we provide thoughtful guidance, personalized service, and a deep commitment to trust and integrity.
My Story and Services
Audney DePaulo is a Private Wealth Advisor with Morgan Stanley Private Wealth Management, who has spent the majority of his career working in various capacities with high-net-worth families, foundations and endowments. After nearly 20 years at Merrill Lynch Private Wealth, He joins Morgan Stanley in 2024 to continue his work with clients, offering counsel and advice on multiple aspects of their financial well-being. He creates customized strategies for a select number of families across the United States in the areas of asset allocation, estate planning services for multiple generations, liability management, and the psychological aspects of significant wealth on family dynamics. He holds the Accredited Wealth Management Advisor, AWMA™ designation from The College for Financial Planning Institutes Corp.
He holds two bachelor’s degrees from the University of Arizona and an M.B.A. in finance from the University of Southern California. In his spare time, Audney is an avid swimmer and golfer who is also active in a variety of team sports, both coaching and participating. Audney lives with his wife and two children in Los Angeles.
He holds two bachelor’s degrees from the University of Arizona and an M.B.A. in finance from the University of Southern California. In his spare time, Audney is an avid swimmer and golfer who is also active in a variety of team sports, both coaching and participating. Audney lives with his wife and two children in Los Angeles.
Securities Agent: CA, TX, NC, FL, IL, UT, NY, DE, AZ, NH, OR, CO, MO, NV, ID; General Securities Representative; Investment Advisor Representative
NMLS#: 811234
NMLS#: 811234
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Our Clients
We listen to our clients first and foremost, to allow our team to create customized financial solutions specifically based on their needs. In our work, we preserve a high level of integrity and trust, and we strive to be our clients first call whenever they are faced with a difficult decision.
We appreciate the opportunity to engage in a thoughtful dialogue with our clients. As we develop an understanding of your circumstances, we will be able to create a comprehensive plan to work towards your objectives. We focus on these key areas, in no particular order.
Business
With decades of experience working with public companies to manage concentrated stock positions and company options, including 10b5-(1) plans, we help business owners manage proceeds from the sale of their private business.
Private Real Estate
Investors can position themselves in an asset class with historically low stock market correlation while seeking potentially outsized returns. Whether clients require income generating assets or long-term growth potential, private real estate options can offer a variety of solutions.
Family Office
We have a multi-generational team with experience in family office services, family meetings, and next-generation educational services. Family Office Resources (FOR) provides specialized technical expertise to ultra-high net worth advisors and clients across a broad range of family wealth management issues.
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 and help keep more of what you earn.
Estate Planning
We help our clients with wealth transfer and estate planning services, typically working hand in hand with legal and tax planning professionals. Liquidity events such as an initial public offering or a merger or acquisition may provide income and estate planning opportunities. Explore our resources to learn how our team can help preserve and protect your legacy.
Helping a Loved One Buy a Home
High home prices and mortgage rates are putting the dream of homeownership out of reach for many would-be buyers. Learn how you can help a loved one break into a tough market.
Investments
We help our clients to optimize portfolios based on their cash flow and return needs, including in-depth access to myriad investment selections.
Balance Sheet
We provide holistic net worth advisory, specialty asset analysis (including art, personal aircraft, and real estate), and statement consolidations.
Making a Difference
Every dollar you send into the world makes an impact. Impact investing refers to investments made into companies, organizations and funds with the intention of generating a measurable and beneficial social or environmental impact alongside a financial return. At Morgan Stanley, Investing with Impact combines financial performance driven by economic fundamentals with positive social or environmental outcomes driven by values and mission.
Connect with us for more information.
Connect with us for more information.
Resources
Our strategy leverages modern wealth tools and cutting-edge technology. By providing you with the tools you need, we can help you come one step closer to achieving your financial goals.
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1999 Ave Of The Stars
Ste 2400
Los Angeles, CA 90067
US
Direct:
(310) 788-2019(310) 788-2019
Meet My Team
Lily Y. Masutani
Vice President, PWM Associate
Phone:
(310) 788-2286(310) 788-2286
Judith Cox
Vice President, PWM Associate
Phone:
(310) 788-2276(310) 788-2276
Liam Lau, CFA
PWM Analyst
Phone:
(310) 788-2278(310) 788-2278
About Audney DePaulo
Audney has spent the majority of his career working with ultra-high net worth families, foundations and endowments to offer advice on multiple aspects of their financial well-being. Today, he focuses on creating customized strategies for a select number of families across the United States in the areas of asset allocation, estate planning services for multiple generations, liability management, and the psychological effects of significant wealth on family dynamics.
Audney brings more than two decades of experience to his role, having recently joined Morgan Stanley after spending 20 years at Merrill Lynch. He holds two bachelor’s degrees from the University of Arizona and an M.B.A. in finance from the University of Southern California. To better understand the unique needs of ultra-high net worth clients, Audney has earned the Accredited Wealth Management AdvisorSM designation from the College for Financial Planning.
Audney lives in Los Angeles with his wife and two children. Outside the office, he is an avid swimmer and golfer, and he coaches and participates in a variety of team sports.
Audney brings more than two decades of experience to his role, having recently joined Morgan Stanley after spending 20 years at Merrill Lynch. He holds two bachelor’s degrees from the University of Arizona and an M.B.A. in finance from the University of Southern California. To better understand the unique needs of ultra-high net worth clients, Audney has earned the Accredited Wealth Management AdvisorSM designation from the College for Financial Planning.
Audney lives in Los Angeles with his wife and two children. Outside the office, he is an avid swimmer and golfer, and he coaches and participates in a variety of team sports.
Securities Agent: CA, TX, NC, FL, IL, UT, NY, DE, AZ, NH, OR, CO, MO, NV, ID; General Securities Representative; Investment Advisor Representative
About Lily Y. Masutani
Lily focuses on client relationship management, which involves listening to and understanding clients’ needs, providing a personalized level of service, and striving to build long-term relationships. Her role includes servicing clients’ accounts and managing their expectations as she fulfills their requests. Lily most enjoys the opportunity to work directly with clients, and she is dedicated to delivering a rewarding experience.
Before joining Morgan Stanley in 2024, Lily worked at Merrill Lynch for more than 30 years, first as a margin clerk and later as a client associate before becoming a Private Wealth Client Relationship Manager. She holds the Series 7, 63 and 65 licenses, as well as the Accredited Wealth Management AdvisorSM designation, and she graduated from the University of Southern California with a B.S. in business administration-finance.
Lily was born in Los Angeles and currently lives in Beverly Hills. Outside the office, she enjoys spending time with family, reading and walking.
Before joining Morgan Stanley in 2024, Lily worked at Merrill Lynch for more than 30 years, first as a margin clerk and later as a client associate before becoming a Private Wealth Client Relationship Manager. She holds the Series 7, 63 and 65 licenses, as well as the Accredited Wealth Management AdvisorSM designation, and she graduated from the University of Southern California with a B.S. in business administration-finance.
Lily was born in Los Angeles and currently lives in Beverly Hills. Outside the office, she enjoys spending time with family, reading and walking.
About Judith Cox
Judith is responsible for all aspects of day-to-day account administration, including answering questions, responding to requests, and managing clients’ expectations while complying with Morgan Stanley rules and regulatory requirements. She appreciates the problem-solving aspect of her role, as well as her regular interactions with clients, and she relies on open communication and proactive service to help build strong client relationships.
Judith started her career as a client associate at Merrill Lynch in 1997 and most recently served as a Private Wealth Client Relationship Manager there before joining Morgan Stanley in 2024. She holds the Series 7 and 66 licenses and the Accredited Wealth Management AdvisorSM designation, and she earned a B.S. in business management from De La Salle University in Manila, Philippines.
A resident of North Hollywood, Judith enjoys spending time with her husband, travelling, cooking, hiking, cycling and practicing yoga. She is also a volunteer for LA Family Housing, an organization dedicated to providing housing and other critical services to end homelessness.
Judith started her career as a client associate at Merrill Lynch in 1997 and most recently served as a Private Wealth Client Relationship Manager there before joining Morgan Stanley in 2024. She holds the Series 7 and 66 licenses and the Accredited Wealth Management AdvisorSM designation, and she earned a B.S. in business management from De La Salle University in Manila, Philippines.
A resident of North Hollywood, Judith enjoys spending time with her husband, travelling, cooking, hiking, cycling and practicing yoga. She is also a volunteer for LA Family Housing, an organization dedicated to providing housing and other critical services to end homelessness.
About Liam Lau
Liam is responsible for portfolio construction, which involves research and analysis across traditional and non-traditional asset classes. He works to align clients’ portfolios to their stated aspirations and provides the education and resources they need to feel comfortable with their investments. Liam utilizes a holistic approach to portfolio construction that incorporates both sides of clients' balance sheets to position them appropriately across the risk-return spectrum.
Prior to joining Morgan Stanley, Liam worked at Merrill Lynch as a Private Wealth Relationship Manager where he covered ultra-high net worth client relationships and served on the team’s internal investment committee. He graduated from San Diego State University with a B.S. in business administration-finance and has earned the Series 7 and 66 industry licenses as well as the Accredited Wealth Management AdvisorSM designation. In addition, he is a CFA Charterholder and a member of the CFA Society of Los Angeles.
A first-generation child of parents from Hong Kong, Liam is originally from San Diego and now lives in Santa Monica. In his free time, he is an avid runner and a history enthusiast.
Prior to joining Morgan Stanley, Liam worked at Merrill Lynch as a Private Wealth Relationship Manager where he covered ultra-high net worth client relationships and served on the team’s internal investment committee. He graduated from San Diego State University with a B.S. in business administration-finance and has earned the Series 7 and 66 industry licenses as well as the Accredited Wealth Management AdvisorSM designation. In addition, he is a CFA Charterholder and a member of the CFA Society of Los Angeles.
A first-generation child of parents from Hong Kong, Liam is originally from San Diego and now lives in Santa Monica. In his free time, he is an avid runner and a history enthusiast.
Wealth Management
Global Investment Office
Portfolio Insights
Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
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Wealth Management for Athletes and Entertainers
Understanding the unique financial challenges of athletes and entertainers and how they differ from one profession to the next, we deliver the experience and resources you need to help create and implement a comprehensive, multigenerational wealth management plan based on your needs, values and aspirations.
- Investment Management
- Wealth Transfer & Philanthropy
- Private Banking Solutions
- Family Governance & Wealth Education
- Lifestyle Advisory
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Asset Allocation does not assure a profit or protect against loss in declining financial markets.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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
3Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products 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.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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
3Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products 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.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures | Morgan Stanley
CRC 4237142 (02/2025)
