Our Mission

Composed of experienced and technology-savvy professionals, our team has long been driven by a passion for building deep client relationships. We share a desire for helping our clients achieve financial independence and for being the single point of contact for all of their financial needs. With our select, high net worth clientele of accomplished entrepreneurs, corporate executives, early technology employees and private investors in Silicon Valley, our client-focused, financial planning-centric approach helps our clients maintain and grow their assets, secure their legacy and address the myriad of challenges that come with managing significant wealth. Our access to the strength, stature and resources of Morgan Stanley and our extensive network of top external advisors help enable us to act as a quarterback for the entire wealth management process for our clients, freeing them to focus on their personal and professional priorities.
Capabilities
  • Family Governance & Wealth Education
  • Corporate Services
  • 10b5-(1) Programs
  • Comprehensive Wealth Planning
  • Pre-Liquidity Planning
  • Investment Management
  • Open-Architecture Platform
  • Proprietary Investment Opportunities
  • Risk Management
  • Hedging Strategies
  • Philanthropy Management
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.

Putting Our Clients First

We have assembled our team to help you address your financial needs and accomplish your personal objectives.

We will work in conjunction with your outside advisors to handle your portfolio, lifestyle and estate considerations with the long term goal of helping you achieve financial independence.

Our process begins with a thorough discussion of your goals and priorities, which helps us develop your personalized financial strategy.  This enables us to create a customized portfolio and estate planning strategy which we then balance against your other lifestyle needs.  The end result is a comprehensive wealth management plan, uniquely tailored to meet your specific objectives and desires.

We believe in deep client relationships, have built a team to act as the quarterback for all of our clients’ wealth management needs and have a tireless dedication to premier client service.

    Location

    555 California Street
    14th Fl
    San Francisco, CA 94104
    US
    Direct:
    (650) 234-5509(650) 234-5509

    Meet Fowler/Zaslow/Schmidt

    About Me

    As an Executive Director and Certified Financial Planner™ professional for Morgan Stanley Private Wealth Management’s Silicon Valley office in Menlo Park, California, Derek Fowler is the conduit between our group’s clients and the global resources of Morgan Stanley. He serves as team lead, with a charter to set our group’s macro vision and serves as a team Client Relationship Manager. Derek also manages our team’s estate planning strategies and philanthropic efforts, and conducts due diligence on all investment products and services. 
     
    In 2011 and 2012, Derek was recognized by the San Francisco Business Times and the National Association of Board Certified Advisory Practices (NABCAP) as a Top Wealth Advisor in the Greater Bay Area. He was also named one of the Top Wealth Managers by the Silicon Valley Business Journal, the Winners Circle and NABCAP in 2008 and 2012.

    Derek began his investment career in 1991. He started building his own practice at Smith Barney, a Morgan Stanley predecessor firm, in 1995, and very quickly became one of the firm’s top junior advisors. Early on, he established a niche in developing comprehensive financial strategies for ultra high net worth individuals and families. These clients were typically corporate executives, founders, early technology employees, private investors and those who came to Derek with a concentrated stock position that often accounted for much of their liquid net worth. 

    Derek earned his B.S. in business finance from San Jose State University. He and his wife, Claylene, have two daughters, Nina and Liya, and reside in San Carlos, California.
    Securities Agent: TX, CA, WA, UT, SD, RI, PA, OR, NY, NV, NH, NC, MN, MI, MD, MA, IL, ID, HI, GA, FL, DE, DC, CT, CO, AZ; Managed Futures; General Securities Representative; Investment Advisor Representative
    NMLS#: 1274497

    About Me

    As a Senior Vice President and a Certified Financial Planner™ professional for Morgan Stanley Private Wealth Management’s Silicon Valley office in Menlo Park, California, Bill Zaslow oversees our group’s efforts in risk management, portfolio analysis and portfolio implementation, including capital markets, equity trading, hedging, asset allocation and financial planning.  His risk management techniques have played a crucial role in helping clients with concentrated stock positions control risk and preserve wealth. Bill is also responsible for financial analysis and planning, goal setting and asset allocation that is customized to each client’s unique goals and priorities.

    Bill began his financial services career in 1990, first as an intern, and later as an associate at Bear Stearns and Company. In 1994, he started his own wealth management practice at Smith Barney, a Morgan Stanley predecessor firm, where he ranked as the No. 1 financial advisor for his class during his first year. In 2000, Bill transitioned from Boston, Massachusetts, to Menlo Park, California, to partner with Derek Fowler.

    Bill has a bachelor’s degree in business finance from the Isenberg School of Management at the University of Massachusetts at Amherst.  He resides in Palo Alto, California.
    Securities Agent: TX, CA, WA, UT, SD, RI, PA, OR, NY, NV, NH, NC, MN, MI, MD, MA, IL, ID, HI, GA, FL, DE, DC, CT, CO, AZ; Managed Futures; General Securities Representative; Investment Advisor Representative
    NMLS#: 1261852

    About Me

    As a Financial Advisor for Morgan Stanley Wealth Management in Menlo Park, California, Anthony Schmidt collaborates with our team to develop financial plans and execution strategies that are customized to our client’s specific goals. He works with individuals and families to analyze their portfolio construction to help minimize unnecessary risk. Anthony is proactive, working with our team to develop estate planning and charitable strategies that help our clients protect the people they love and support the causes they care about. He also works closely with business owners, assisting them with implementation of retirement plans and deferred compensation strategies for management and key employees.

    Anthony began his financial career in 2000 with a mutual fund company before moving to the San Francisco Bay Area and joining Petsas & Hill Certified Public Accountants, Inc. as an investment advisor in 2001. There, he helped clients with portfolio management and construction, performing extensive investment due diligence. This experience helped Anthony develop a strong command of the importance of integrating tax planning into any investment plan, a skill he continues to apply in his work with high net worth families over the last 10 years.

    Originally from Vancouver, British Columbia, Anthony now lives in the East Bay with his wife, Jane, and two children, Dustin and Genevieve.  He enjoys being a part of youth sports activities and is an associate director and coach for a youth basketball league.
    Securities Agent: CA, WA, UT, TX, SD, RI, PA, OR, NY, NV, NH, NC, MN, MI, MD, MA, ID, HI, GA, FL, DE, DC, CT, CO, AZ; General Securities Representative; Investment Advisor Representative
    NMLS#: 1278887

    About Me

    Helen Sattelmayer has been serving Morgan Stanley Private Wealth Management clients since 1996. She manages all aspects of client services, including portfolio administration and review, for our group. 

    Helen received her Series 7, Series 65 and 63 licenses in 1998 and successfully completed the Investment Management Consultants Association Correspondence Course in 2005. She attended San Jose City College and has lived in the San Francisco Bay Area her entire life.

    Helen enjoys paddle boarding and spending time on her boat in Half Moon Bay

    About Me

    In her role as a Senior Client Service Associate for Morgan Stanley Private Wealth Management, Linda Ramirez oversees client service, client operations and banking, ensuring that our clients receive the highest level of care and attention. 

    Prior to joining Morgan Stanley in 1998, Linda spent 14 years in client service and operational managerial roles in the financial services industry. Linda was also an operations supervisor at A. G. Edwards Inc. and maintained roles in customer support at Exar Corporation and Excel Corporation.

    Linda resides in Santa Clara, California, with her husband, Kenneth, and daughter, Tiana. She enjoys being involved in her daughter's activities at school and spending time with her family.

    About Me

    Elizabeth Cusick is a Registered Associate for Morgan Stanley's Private Wealth Management's Silicon Valley office in Menlo Park, California. She focuses on financial planning and modeling, investment research, relationship management, business development, client operations and service.
      
    Elizabeth graduated with a B.A in history and a minor in political science from Stanford University in 2017, where she was a four-year player on the varsity lacrosse team, and received All-Academic Honors and Conference distinction. Originally from New Jersey, Elizabeth currently resides in Los Altos, California. She enjoys traveling around the Bay Area, going to the beach, and spending time with her family and friends.
    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
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    Insights and Outcomes

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    Art as An Asset
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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.