Welcome

We are a large wealth management practice; we are a tightly knit team of investment managers, wealth planners and customer service professionals who combine our talents to address the complex, multigenerational needs of highly affluent families. Each of our partners has a specific wealth planning or investment management focus, which allows us to blend our talents in whatever combination that best addresses our client’s needs. This helps us bring the right person to the table, every time, to help our clients make informed decisions and to implement well-targeted plans.Team Highlights• $7 billion in assets under management for approximately 65 families, foundations and endowments as of December 31, 2017• Five Private Wealth Advisors, including one among Barron’s Top 100 Financial Advisors  2017 - Jason L. Fertitta #89• Four Sales Associates• Two Analysts• Dedicated Team Coverage for Every Client RelationshipWe have three office locations:HOUSTON  Morgan Stanley Private Wealth Management, 600 Travis Street, Suite 3700, Houston, TX 77002, 713-512-4400AUSTIN  Morgan Stanley Private Wealth Management,301 Congress Avenue, Suite 1400, Austin, TX 78701, 512-469-3469  DALLAS Morgan Stanley Private Wealth Management, 5001 Spring Valley Road, Suite 900 West Dallas, TX 75244, 972-774-6500Like the vast majority of our clients, we share a deep commitment to the communities where we live and work. Collectively, our advisors serve on boards of the following organizations: (Must remove spouses organizations)Houston Museum of Natural Science - The Good Samaritan Foundation and Endowment - MD Anderson Cancer Center - Goodwill Industries of Central Texas - YMCA - Texas Sports Hall of Fame - Young Men’s Business League of Austin
Capabilities
  • Comprehensive Wealth Planning
  • Pre-Liquidity Planning
  • Investment Management
  • Proprietary Investment Opportunities
  • Manager Selection
  • Risk Management
  • Hedging Strategies
  • Philanthropy Management
  • Family Governance & Wealth Education
  • Retirement & Pension Plans
  • Open-Architecture Platform
  • Sustainable & Responsible Investing
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 250 teams1  specialized in assisting individuals and families with $20MM+ in investable assets
  • Over $330 billion in AUM2
  • Comprising 26% of the Barron’s Top 100 Financial Advisors list for 20173
  • 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 31, 2017
2 Morgan Stanley Internal Compensable Revenue Report, December 31, 2017
3 Barron’s Top 100 Financial Advisors, April 2017

Approach

Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.

Location

600 Travis Street
Suite 3700
Houston, TX 77002
US
Direct:
(713) 512-4400(713) 512-4400
301 Congress Avenue
Suite 1400
Austin, TX 78701
US
Direct:
(512) 469-3469(512) 469-3469
5001 Spring Valley Road
Suite 900 West
Dallas, TX 75244
US
Direct:
(972) 774-6565(972) 774-6565

Meet Fertitta Busch Wellington Team

About Me

Jason is currently a Managing Director in Morgan Stanley’s Private Wealth Division. He joined Morgan Stanley in 2008 after six years with Lehman Brothers High Net Worth Division. Prior to joining Lehman Brothers, Jason worked six years for Texas Direct. Jason serves on the Board of The Good Samaritan Foundation and Endowment and the Houston Museum of Natural Science. Jason attended St. Edwards University in Austin.
Securities Agent: TX, WY, WI, WA, VA, TN, SC, OK, NY, NV, NM, NJ, NC, MS, MO, MI, MD, MA, LA, KY, IN, IL, IA, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; Managed Futures; General Securities Representative; Investment Advisor Representative
NMLS#: 1312863

About Me

Billy is currently a Senior Vice President in Morgan Stanley’s Private Wealth Division. He joined Morgan Stanley in 2009 after several years with UBS and Merrill Lynch. Billy graduated from Texas A&M University and holds the Accredited Investment Fiduciary (AIF) designation. He has been active in numerous charitable and civic organizations including the boards of Goodwill Industries of Central Texas, Williamson Co. YMCA, and Abilene Christian University. Billy currently serves on the board of the Texas Sports Hall of Fame in Waco, Texas. He is also member of the CEO Forum in Colorado Springs, CO.

He and his wife, Shelia, have three adult children and four grandchildren. Billy enjoys friends and family—especially his grandchildren. Additionally, Billy and Shelia spend time on their Hill Country ranch where they own and operate Fire Oak Vineyard.
Securities Agent: TX, WY, WI, WA, VA, TN, SC, OK, NY, NM, NJ, NC, MS, MO, MI, MA, LA, KY, IN, IL, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; Managed Futures; General Securities Representative; Investment Advisor Representative
NMLS#: 1750427

About Me

Robert is currently an Associate Vice President Private Wealth Advisor in Morgan Stanley’s Private Wealth Division. He joined Morgan Stanley in 2008 as an analyst, also in the Private Wealth Group. Robert holds a B.B.A. in Sociology with a certificate in Markets and Management from Duke University. He also was a four year letter winner for the Duke Men’s Lacrosse team, which had three Final Four appearances during that time.
Securities Agent: TX, WY, WI, WA, VA, TN, SC, OK, NY, NV, NM, NJ, NC, MS, MO, MI, MD, MA, LA, KY, IN, IL, IA, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; Managed Futures; Transactional Futures/Commodities; General Securities Representative; Investment Advisor Representative
NMLS#: 1312852

About Me

Josh is currently a Financial Advisor with Morgan Stanley. He focuses on providing customized wealth management solutions to both high-net-worth clients and foundations with an emphasis on capital preservation and risk adjusted returns. In addition, he is committed to managing his client’s wealth so it has a positive impact on their life and the lives of generations to come.

Originally from Dallas, Josh graduated with honors from The Cox School of Business at Southern Methodist University and was the recipient of the Outstanding Financial Consulting Major award. Josh also attended the University of Pennsylvania, Wharton School of Business, where he earned the designation of Certified Investment Management Analyst (CIMA®). Prior to his academic achievements Josh has 10 years of entrepreneurial and management experience in areas that include business strategy, operations, business process redesign and franchise development within the transportation industry.

Josh resides in Dallas with his wife Emily. He is an avid cyclist and member of Park Cities Baptist Church.
Securities Agent: TX, WI, WA, VA, TN, SC, OK, NY, NM, NJ, NC, MS, MO, MI, MA, LA, KY, IN, IL, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; General Securities Representative; Investment Advisor Representative
NMLS#: 1290561

About Me

Sheldon joined Morgan Stanley as a financial advisor in 2009. Prior to that, he worked with a regional planning and research team at UBS through the Financial Advisor Associate Program. Sheldon is a board member of the Young Men’s Business League of Austin. He received a B.A. in Business Administration from Abilene Christian University and currently holds a Certified Financial Planner™ Designation.
Securities Agent: TX, WY, WI, WA, VA, TN, SC, OK, NY, NM, NJ, NC, MS, MO, MI, MA, LA, KY, IN, IL, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; Managed Futures; General Securities Representative; Investment Advisor Representative
NMLS#: 1372291

About Me

Melissa joined Morgan Stanley in 2011. She was most recently a Business Service Manager for the Central Texas Complex servicing Austin and the surrounding offices. Prior to working with Morgan Stanley, she worked for several years with Northwestern Mutual. She graduated Magna Cum Laude from the University of Missouri Columbia with a B.S. in Business Administration and currently holds a Certified Financial Planner™ Designation.

 
Economic and Market Perspectives

On the Markets

Managing Significant Wealth

  • Investment Management
  • Wealth Transfer & Philanthropy
  • Cash Management & Lending
  • Family Governance & Wealth Education
  • Lifestyle Advisory
  • Business Services
Successfully Staffing Your Home

Successfully Staffing Your Home

By adopting more professional approaches to hiring, training and retaining staff, you can more easily maintain a well-run and harmonious home.

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.
Art as An Asset
CRC 2274738 01/19

Art as An Asset

Art may play a significant role in the context of a collector's overall wealth. Generally, a collector may differentiate financial assets, including stocks, bonds and real estate, from other possessions, such as art.

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
Why Do Pro Athletes Go Broke?

Why Do Pro Athletes Go Broke?

Our new Ideas podcast examines the strange phenomenon of athletes and bankruptcy… and how to change the game.

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Morgan Stanley and Justin Rose: A Winning Team

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Market Information Delayed 20 Minutes
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.

See the Financial Advisors Biographies for Registration and Licensing information.

Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® 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® .

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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 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.