Capitol Bay Wealth Management Group at Morgan Stanley

A Certified Financial Planner^®, Family Wealth Director, and senior partner of Capitol Bay Wealth Management Group at Morgan Stanley, Carlyn has dedicated her career to serving the specialized needs of individuals and families who have accumulated a higher level of wealth. She leads the team's financial planning and investment management activities, with an emphasis on portfolio construction, income planning, and family office services. Carlyn's disciplined approach has earned her industry and firm recognition. She was named to the Forbes Top Women Wealth Advisors list from 2020-2025, and the Forbes Best-in-State Advisors list from 2020-2024, and is a current member of Morgan Stanley's Masters Club, an elite group composed of the firm's top Financial Advisors.

Growing up in Verona, Carlyn was first introduced to the world of finance at the age of 18. Each career opportunity – from operations to client service to branch management – has provided valuable insights and skills that have made her one of the top advisors at Morgan Stanley. Over the years, Carlyn has built a successful practice advising clients on how to better understand and manage their total financial picture. Her ultimate goal is to develop relationships that go beyond investment decisions. She works thoughtfully to develop the trust and confidence of her clients, so she may assist them with all facets of their financial lives.

A graduate of Cardinal Stritch University, where she earned her B.S. degree in Business Administration, Carlyn has remained committed to advanced education throughout her career. She is a Certified Financial Planner (CFP^®) and a Family Wealth Director at Morgan Stanley. This distinction – achieved by less than four percent of the firm's advisors as of January 2022– provides Carlyn and her team with access to an exclusive set of resources that are designed to help families manage the multigenerational and more complex challenges of significant wealth. 

Carlyn currently lives in Merrimac, on Lake Wisconsin, with her husband, Dale. She is a strong believer in giving back to her community and is an active member of both the Sauk City Women on a Mission and the Baraboo Women on a Mission organizations that meet quarterly to support local families and charities. Outside of the office, Carlyn enjoys baking family recipes and experimenting with new ones, boating and various water activities with family and friends. She also enjoys traveling with her husband to new places near and far.

2020-2025 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors)
Source: Forbes.com (Awarded 2020-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.

2020-2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2021-2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.

Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24.

In her role as Senior Vice President, Financial Advisor, and a senior partner of Capitol Bay Wealth Management Group at Morgan Stanley, Sandy works closely with her clients to provide portfolio analysis and individualized wealth management strategies. She holds the Certified Retirement Planning Counselor designation, which enhances her knowledge about pre- and post-retirement needs and helps her build customized plans to help clients work toward their retirement goals.

Sandy strongly embraces Morgan Stanley’s Core Values: Do the Right Thing, Put Clients First, Lead with Exceptional Ideas, Commit to Diversity and Inclusion, and Give Back. She was the recipient of the 2016 Morgan Stanley Eastern Division Community Service Award and named one of On Wall Street’s Top 75 Branch Managers nationwide in 2018. In 2025 Sandy was named to Forbes Top Women Wealth Advisors and in 2019 she was honored and inducted into the 2019 MAKERS class at Morgan Stanley, a program designed to recognize the achievements of outstanding women professionals at the firm. In 2025 and 2024 Sandy was named to Morgan Stanley’s prestigious Century Club, an elite group of the firm’s Financial Advisors. After starting her career in the financial industry in 1999 at Merrill Lynch, Sandy formed the Fletcher Team in 2000 and brought the team to Morgan Stanley in 2010. Sandy earned her undergraduate degree from Ferris State University, where she played collegiate basketball and was selected as co-captain and MVP in her senior year. She later earned a master’s degree from Michigan State University.

Sandy has a passion for giving back to her community and having fun while doing it. In raising money for Wisconsin Special Olympics, she has rappelled down Lambeau Field and participates in the Polar Plunge. Sandy is also engaged in community events that support local no-kill animal shelters, and she actively donates at American Red Cross blood drives. Sandy and her husband, Dwayne, live in Green Bay and have three daughters. All family members are avid sports fans, and they love the Packers. Sandy’s additional hobbies and interests include travel, watersports, and spending time with family and friends.

A Certified Financial Planner^®, Family Wealth Advisor, and founding partner of Capitol Bay Wealth Management Group, Justin has dedicated his career to serving the specialized needs of successful professionals, business leaders, and families living in the greater Madison area and around the country. His primary responsibilities include cultivating strong relationships with clients and the overall management of the group practice, with an emphasis on financial planning, investment research and portfolio construction, as well as tax and estate plan coordination. For his skills and strengths as a Financial Advisor, Justin is a member of Morgan Stanley's Century Club.

A graduate of the University of Wisconsin - Madison with a B.S. degree in Personal Finance, Justin loves being a Financial Advisor, helping clients achieve their goals, while reaching new levels of financial success. His profession combines two important aptitudes – organization and the art of planning – with his long-term interest in finance. He genuinely enjoys educating and helping people make more confident decisions about their wealth using practical strategies steeped in results-driven principles. 

Justin began his career in financial services in 2008 as a Financial Advisor Associate at UBS, where he first met Carlyn Hensen, his current business partner. He worked there and at a local advisory firm over the next five years before joining Morgan Stanley in 2013. Today, Justin enjoys working on a team that brings a diversity of skills, ideas, and solutions together to meet the ever-evolving needs of their clients. 

Justin believes balance is vital to a happy life. Originally from Mineral Point, Justin now calls Mount Horeb his home, where he lives with his wife, Catie, and their two children. Justin also believes in the long-term growth of his beautiful town and has served as President and Board Member of the Mount Horeb Chamber of Commerce. When he's not assisting clients or leading Chamber efforts, you can find Justin watching his kids play sports or cheering on his favorite college sports teams. He loves spending time with his tight-knit family and enjoys attending a Wisconsin Supper Club.

Joining the team in 2022, Al adds 30+ years of financial services experience to the group with a background in traditional banking, lending, investments, and financial planning. A sole practitioner since focusing his career on wealth management with Firstar Investment Services, Inc. in 1992, Al became the first investment specialist dedicated to Firstar Bank's (now U.S. Bank) private banking group in Madison.

Consolidation within the financial services industry brought Al and his clients to Piper Jaffray & Co. in 2001 where he became a friend and colleague of Carlyn Hensen. Building upon his early success, Al concentrated on developing, implementing, and monitoring custom portfolio strategies with the goal of assisting clients in achieving their long-term financial objectives. Playing a small role in the realization of a college education for a child or grandchild, planning a retirement with less worry, enjoying the fruit of a lifetime of hard work or leaving a lasting legacy are all motivations for Al and a source of great personal pride.

Further industry consolidation resulted in UBS acquiring Piper Jaffray in 2006. After extensive due diligence for a firm aligned with his own core values, Al, along with Carlyn and Tanya made the decision to join Morgan Stanley on the same day in the summer of 2010. Now, years later, he has united with his long-time colleagues as a contributing partner of Capitol Bay Wealth Management Group at Morgan Stanley. Together, they leverage their individual talents to form a highly skilled and experienced team.

Growing up in Madison and a lifelong resident of Dane County Al currently resides in Mount Horeb with his wife Cheryl. He enjoys giving back to his community by serving as a member of the finance committee and as an Executive Board of Director for the Mount Horeb Community Foundation.

Outside the office, Al enjoys the collector car hobby and is proud of his nationally shown Buick Riviera collection. A passion for Blues music keeps him busy, attending live performances on many weekends throughout the year.

Jon, Vice President, is responsible for helping clients articulate their life goals through in-depth conversations and then formalizing investment recommendations that align with their objectives. He strives to customize portfolios specific to each client’s individual preferences regarding income needs, tax efficiency and capital appreciation. In addition, Jon serves as a liaison between clients and their tax and legal professionals to provide a coordinated wealth management experience.

Jon has worked in the financial industry since 1986. He has earned the designation of Portfolio Manager at Morgan Stanley, a credential that is given to a select group of Financial Advisors who are qualified by the firm to manage assets based on their training, experience and commitment to client service. Jon holds a B.S. in business from Northern Michigan University and attended Michigan State University for pre-law.

Outside the office, Jon enjoys spending time at his property in Upper Michigan, as well as assisting with and coaching youth sports programs, such as a baseball, mountain biking and ski jumping. He is also member of the board of directors for a local nonprofit that helps kids learn to ski. He especially enjoys volunteering at the Olympic Training Center in Lake Placid, New York, where his son is a member of Team USA’s luge development program. Jon’s many hobbies include working on classic cars and training for kayak races.

As a CERTIFIED FINANCIAL PLANNER^®, Kate enjoys working collaboratively with clients to understand their personal and financial goals and create an individualized financial plan that can help meet their needs. She is very knowledgeable about using financial planning to help clients prepare for the financial opportunities and challenges that may lie ahead. In addition, Kate holds the Certified Retirement Planning Counselor and Financial Planning Specialist designations, so she is well positioned to help clients work toward their retirement goals. Kate is also passionate about showing clients how they may be able to align their values with their investments.

Kate was named to Morgan Stanley's prestigious Pacesetter's Club in 2023, 2024, and 2025, in recognition of her dedication to providing a wide range of services to clients and having demonstrated the highest professional standards.

In 2023, Kate attended Northwestern Kellogg's Executive Business Program for leadership and business development and in 2023 earned her Certificate of Financial Planning from Northwestern University.

Prior to joining Morgan Stanley in 2020, Kate began her professional career in San Francisco working as a materials engineer. Having grown up in Wisconsin, she is happy to get back to her roots in the Badger State. Kate graduated from Michigan Technological University with a B.S. in materials engineering and leverages this background to provide clients with creative solutions and great attention to detail.

Kate enjoys giving back to the community by mentoring high school students, supporting Science, Technology, Engineering and Math (STEM) initiates, and volunteering with Junior League of Madison. In her free time, Kate loves traveling, playing golf and cheering on her favorite sports teams.

Rachel specializes in the construction of personalized financial plans and development of client risk assessments. In this role Rachel utilizes her Certified Retirement Planning Counselor and Financial Planning Specialist designations to help her clients pursue their goals.

In 2023, 2024, and 2025, Rachel was named to Morgan Stanley's prestigious Pacesetter's Club, a group of the Firm's successful advisors in recognition for her service to clients.

Prior to joining Morgan Stanley full time, Rachel interned with the firm from 2019 to 2020. She graduated with honors from the University of Wisconsin-Green Bay with a B.S. in business.

Outside the office, Rachel serves as a volunteer with Special Olympics of Wisconsin, a member of the Fox River Watershed Alliance and a supporter of a local animal shelter. She enjoys water sports, hiking, traveling, cheering on her favorite sports teams and spending time with her Cavapoo, Gigi.

Erin is a Wealth Management Associate at the Capitol Bay Wealth Management Group at Morgan Stanley. Drawing on more than 19 years of industry experience, she is committed to providing each client with the highest level of personal service. Her primary responsibilities focus on building tailored financial plans, conducting equity research, staying abreast of all the firm’s available technology resources, and managing marketing activities for the team. While Erin enjoys the fast-paced nature of the financial markets, the best part of her work is meeting new clients and educating them on how to achieve financial freedom through sound investment strategies.

Growing up in Madison, Erin learned from her parents and grandparents the importance of saving for the future. This experience inspired her to pursue a profession that enables her to help others save effectively for the future. After graduating from the University of Wisconsin-Stevens Point, Erin began her career at Ameriprise Financial. She joined Morgan Stanley in 2017 and became an integral member of the Capitol Bay Wealth Management Group two years later. Erin enjoys how the group works as a team, playing to each other’s strengths to benefit the needs of each client. She holds her FINRA Series 7 and 66 licenses as well as her insurance licenses.

Today, Erin lives in Mount Horeb with her husband, Josh, and their four children, along with their French Bulldog. An avid sports enthusiast, Erin enjoys everything from tennis and golf to lacrosse and skiing to playing cards and trivia games. Erin played soccer during college and now enjoys coaching her children. As a spectator, she loves to watch football and basketball, and of course, cheering on her children at their various sports events.

As a Senior Client Service Associate at the Capitol Bay Wealth Management Group at Morgan Stanley, Tanya focuses on building strong client relationships and providing excellent client service promptly and efficiently. She is highly adept at handling a broad array of responsibilities that includes helping clients open new accounts, transferring assets to Morgan Stanley, getting them set up on the firm’s various digital platforms, and managing day-to-day account activities. Tanya enjoys working directly with clients and has built many friendships with them over the years.

A graduate of Madison College, Tanya has worked with Carlyn Hensen her entire career, beginning in 2004 at Piper Jaffray, which was later purchased by UBS Financial Services. Over the years, she has held many important roles, including wire operator, branch administrator, and client service associate. She and Carlyn joined Morgan Stanley in 2010.

A lifetime resident of Wisconsin, Tanya now lives in Mt. Horeb with her husband, Mike, and their two children. She believes it is important to give back to her community, volunteering at such organizations as Second Harvest Food Bank and the River Food Pantry. In her free time, Tanya enjoys hiking, reading, and spending time with family and friends.

Brenda focuses on developing close relationships with our clients, and she is dedicated to providing an exceptional level of service. She listens carefully to each client’s needs, so that she can respond with strategies and potential solutions that align with their circumstances.

Brenda has worked in the financial industry for 25-plus years. She earned a B.S. from the University of Green Bay, majoring in business administration with an emphasis in finance.

Brenda and her husband of 30 years live in Green Bay in the same home where she grew up and raised their two children. She enjoys whatever Wisconsin can offer, including downhill skiing, snowshoeing, hiking, kayaking and, of course, Packers and Brewers games.

Isabelle strives to enhance each client’s experience with the team by providing personalized service and assisting with requests. She enjoys building relationships with clients and their families by helping them resolve the day-to-day complexities of their financial lives.

Prior to joining Morgan Stanley in 2022, Isabelle spent 10 years working as a registered associate and advisor at a private investment firm in Milwaukee. She holds the Series 7, 66 and Wisconsin insurance licenses, and she earned a B.S. in business administration from Marquette University with majors in finance and international business.

Originally from the Milwaukee area, Isabelle is new to Green Bay. She and her husband have two children, and in her free time, she enjoys attending sporting events and exploring local parks. She is also passionate about supporting organizations throughout Wisconsin that benefit children with disabilities.

Monnica Brunker works as a Client Service Associate for the Capitol Bay Wealth Management Group. As somebody who joined the industry just recently—in September 2022—she feels very passionate about helping clients and understanding their needs. Monnica is always up for a challenge and pushes herself to constantly learn. She loves being part of a larger team for this exact reason, because she always has someone to learn from or to act as a mentor. Monnica is currently working towards her FINRA Series 7 and 66 licenses to better serve clients and the team.

Prior to her work in the financial realm, she worked in the service industry for 10 years, with prior service experience in both technology and healthcare fields.

Monnica currently resides in Barneveld with her husband Blake, two daughters, and son. Outside of the office, she enjoys cooking and spending time in the great outdoors camping and boating.