Derek P. Herrington

Derek P. Herrington lives in Latrobe, Pennsylvania with his wife and two daughters. He is a First Vice President and Financial Advisor in Morgan Stanley’s Greensburg office. He has been a Financial Advisor with Morgan Stanley for over 24 years. Derek is a graduate of the University of Pittsburgh with a Bachelor of Science degree and is a member of the Beta Theta Pi General Fraternity and Culver Academies Alumni Legion. Derek and his wife are both members of the Rolling Rock Club in Ligonier. He has held a variety of leadership roles with the Anglican Diocese of Pittsburgh and currently serves on the vestry of Christ’s Church in Greensburg, Pennsylvania.
Services Include
Securities Agent: CO, WV, MA, AL, PA, OH, MI, MD, KS, DC, AZ, AR, WA, VA, FL, OR, NC, IL, TX, NY, NJ, KY, GA, NM, ME, IN, CT, CA, SC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1310677
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Event Series from Derek Herrington

Our team hosts monthly calls & virtual events throughout the year. These calls aim to help investors gain insight into potential investment opportunities and reveal how our team & Morgan Stanley can help you navigate the financial markets.
Information for these calls can be found below.
    Icon Image
    2nd Quarter Upcoming Calls & Virtual Events
    Icon Image
    1st Quarter Upcoming Calls & Virtual Events
    Thursday, June 29th @ 6:00 p.m. (ET)
    Second Quarter Market Review & Discussion

    Join us as we discuss market performance of the second quarter and upcoming investment opportunities.
    click to rsvp
    March 30th @ 6:00 p.m. (ET): EVENT REPLAY AVAILABLE
    First Quarter Market Review & Discussion

    In case you missed it, you can re-watch our webinar as we reviewed the first quarter market performance.

    Cyclical transitions are difficult to navigate, our Global Investment Committee urges patience in 2023, with a focus on income, diversification and valuation. In our view, the momentum chase of last cycle’s darlings is unlikely to be rewarding for long.
    click to watch replay
    April 26th @ 12:00 p.m. (ET) Understanding Asset Allocation
    How you allocate your assets may be, by far, one of the biggest contributors to overall portfolio return. At this seminar, you’ll learn how to manage your risk tolerance; whether asset classes beyond stocks, cash and bonds have a place in your portfolio; and when allocations have to be rebalanced to reflect your most important goals.
    February 16th @ 6:30 p.m. (ET)
    Derek & Bill will be hosting an invite-only client dinner to discuss the balance between purpose & play and each of their roles when planning for a healthy retirement.

    "We don't stop playing because we grow old; We grow old because we stop playing." - George Bernard Shaw
    April 13th @ 6:00 p.m. (ET) Where Are Today's Opportunities?
    The last few years of ups and downs, low rates and global realignments all complicate the question: Where do I put my money? At this timely seminar, we’ll talk about the economy, where it may be headed and which sectors are best positioned to potentially benefit.
    January 26th @ 6:00PM (ET): Portfolio Construction & Management
    Please join us and 3 guest speakers as we look to help pull back the curtain and reveal how our team & Morgan Stanley can help you navigate these difficult markets.

You Define Success, We Help You Achieve It

As your Financial Advisor, I am here to answer critical financial questions and adapt your strategy to meet your needs as they change over time. Here are some of the meaningful questions we help our clients solve every day.

    A Wealth Management Strategy as Individual as You Are

    As your Financial Advisor the wealth management process begins with you, your investment objectives and your financial goals. Holistic in its approach, it may encompass all the elements of your financial life - your investments and your cash management needs - making sure they align with your goals and wealth management plan.

    Chances are, that the goals you set today will evolve over time. Our process is designed to evolve with them - and with the changing circumstances of your life.

    Leveraging a sophisticated suite of analytic tools, as well as the extensive resources of Morgan Stanley, I can help you take charge of your financial future and achieve your goals.

    We have assembled a couple financial tools that speak to our wealth management philosophy and investment strategy. We have provided easy links to these materials and hope you will return often to learn more about topics impacting your wealth.

      Our Tools to Support and Protect Your Financial Plan

      Our comprehensive suites of digital tools are designed to help enhance every aspect of your financial life. This will allow you to view your financial plan, while also safeguarding your personal information.

        Client Service Team

          Carousel Associate Image
          Bill Willett - Financial Advisor
          Bill Willett resides in Penn Township with his wife and two young sons. Bill started his career in the financial services industry in 2002 after getting his degree in Finance from Penn State University. Bill's diverse background includes time as a financial advisor as well as roles in management, operations, compliance, insurance, and administration. This wide variety of experiences gives him a holistic perspective on the client experience and allows him to develop solutions to client issues. He has strong ties to Johnstown, Pennsylvania where he is originally from and spends a lot of his weekends with his family there. Bill enjoys spending time on the bike trails of Westmoreland County and of the Greater Pittsburgh area. In addition, he is an avid Pittsburgh Penguins and Pittsburgh Steelers fan.
          Securities Agent: ME, KY, IN, GA, AZ, SC, MA, CT, WY, UT, PA, NC, ID, NJ, NH, MT, HI, WV, WI, PR, MN, MI, MD, AL, WA, OK, OH, NM, FL, CO, CA, AK, NY, ND, MS, DE, IL, IA, VI, RI, LA, DC, TN, VT, TX, OR, NE, KS, AR, VA, SD, NV, MO; BM/Supervisor; General Securities Principal; General Securities Representative; Investment Advisor Representative
          NMLS#: 2502060
          Carousel Associate Image
          Pam Fennell - Client Service Associate

        Location

        520 Pellis Road
        Greensburg, PA 15601
        US
        Direct:
        (724) 853-2803(724) 853-2803
        Toll-Free:
        (800) 917-2631(800) 917-2631
        Fax:
        (724) 853-9760(724) 853-9760

        Hear from Our Clients

        Testimonial(s) solicited by Morgan Stanley and provided by current client(s) at the time of publication. No compensation of any kind was provided in exchange for the client testimonial(s) presented. Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.

        3846129 9/24

        Wealth Management
        Global Investment Office

        Portfolio Insights

        Retirement

        Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
        • 401(k) Rollovers
        • IRA Plans
        • Retirement income strategies
        • Retirement plan participants
        • Annuities
        4 Financially Smart Ways to Take Money Out of Retirement Accounts
        Article Image

        4 Financially Smart Ways to Take Money Out of Retirement Accounts

        Discover how planning for required minimum distributions from retirement accounts can help you fund future needs and support loved ones.

        Investing

        Working closely with you to guide your wealth and investments through the most challenging market cycles.
        • Asset Management
        • Wealth Planning
        • Traditional Investments
        • Alternative Investments
        • Impact Investing
        2025 Global Economic Outlook: U.S. Policies May Temper Global Growth
        Article Image

        2025 Global Economic Outlook: U.S. Policies May Temper Global Growth

        Global growth is likely to be around 3% in 2025 and 2026, as tariff and immigration policies begin to slow the U.S. economy late next year, and China's underperformance restrains emerging markets.

        Family

        Creating customized financial strategies for the challenges that today’s families face.
        • Estate Planning Strategies
        • 529 Plans / Education Savings Planning
        • Long Term Care Insurance
        • Special Needs Planning
        • Trust Services
        Are You Prepared for Tax Day?
        Article Image

        Are You Prepared for Tax Day?

        The countdown to Tax Day has begun. Here are some strategies to consider as the deadline approaches.

        Business Planning

        Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
        • Succession Planning
        • Business Planning
        • Qualified Retirement Plans
        Financial Planning for Life After Selling a Business
        Article Image

        Financial Planning for Life After Selling a Business

        Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

        Philanthropy

        Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
        • Endowments
        • Foundations
        • Donor Advised Funds
        • Impact Investing
        Donor Advised Funds: A Smart Way to Manage Your Giving 
        Article Image

        Donor Advised Funds: A Smart Way to Manage Your Giving 

        There’s more to charitable giving than you may realize. Here’s one method that may be a tax-efficient way to give and can help maximize your impact.
        Ready to start a conversation? Contact Derek P. Herrington today.
        Market Information Delayed 20 Minutes
        1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

        Back to top



        2Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

        Back to top



        3Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

        Back to top



        4Morgan 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

        Back to top



        5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

        Back to top



        6Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.

        Back to top



        7When 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.

        Back to top



        8An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.

        Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.

        Back to top



        9Morgan 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.

        Back to top



        10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.

        Back to top



        11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

        Back to top



        12Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
        Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.

        Back to top



        13When 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.

        Back to top



        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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

        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.

        Testimonial(s) solicited by Morgan Stanley and provided by current client(s) at the time of publication.  No compensation of any kind was provided in exchange for the client testimonial(s) presented.  Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.

        Awards Disclosures
        CRC 6491812 (04/2024)