Robert Hoy
Executive Director, Private Wealth Advisor, Private Wealth Advisor
Phone:
(617) 757-8890(617) 757-8890
Morgan Stanley Private Wealth Management
Hoy Sherwood Group
Direct:
(617) 570-9550(617) 570-9550
Our Mission Statement
Empowering clients to achieve their financial goals through personalized, strategic advice and unwavering commitment to their success.
WELCOME
Hoy Sherwood Group is a private wealth management team based in the Greater Boston area, built to serve the sophisticated needs of high-achieving executives, entrepreneurs, fund principals, and other stewards of significant wealth. The team’s formation reflects a shared institutional mindset and deep experience advising ultra-high-net-worth families—pairing rigorous investment strategy with thoughtful, planning-led guidance. With roots across investment banking, institutional capital markets, and private wealth management, the group is particularly focused on helping clients navigate complexity: concentrated equity positions, liquidity events, and advanced planning needs where tax-aware decision-making and disciplined execution can meaningfully shape outcomes.
Robert Hoy draws on more than 30 years across institutional investing and wealth management to craft highly customized investment strategies for a select national clientele. His background spans UBS Private Wealth Management and senior roles at Lehman Brothers in Private Investment Management and Institutional Capital Markets, following early career experience in M&A-focused investment banking at Dougherty Capitman & Company and The Chase Manhattan Bank. Complementing that perspective, Michael Sherwood brings more than two decades of experience in alternative investing, institutional trading, and wealth planning—often partnering with successful executives and entrepreneurs to design tax-efficient diversification strategies for concentrated public and private holdings, informed by prior work at UBS Private Wealth Management, venture capital firm Spencer Trask Ventures, and hedge fund Accipiter Capital Management. Together, Hoy and Sherwood established a team culture that prioritizes customization, discretion, and deep technical fluency—especially when clients face high-stakes transitions that demand coordination across investments, taxes, and long-term planning.
Supporting the group’s day-to-day delivery and client experience, Francesca Anselmo strengthens the team with a strong foundation in relationship management and portfolio support developed at Bain Capital and TwinFocus. She brings a service-oriented, detail-driven approach that helps translate strategy into consistent execution—enhancing the group’s ability to deliver responsive, results-oriented support while maintaining the high-quality standards expected by complex, multi-faceted clients. As a team, Hoy Sherwood Group brings an institutional caliber of thinking to private wealth—designed to help clients plan proactively, invest intentionally, and move forward with confidence.
Robert Hoy draws on more than 30 years across institutional investing and wealth management to craft highly customized investment strategies for a select national clientele. His background spans UBS Private Wealth Management and senior roles at Lehman Brothers in Private Investment Management and Institutional Capital Markets, following early career experience in M&A-focused investment banking at Dougherty Capitman & Company and The Chase Manhattan Bank. Complementing that perspective, Michael Sherwood brings more than two decades of experience in alternative investing, institutional trading, and wealth planning—often partnering with successful executives and entrepreneurs to design tax-efficient diversification strategies for concentrated public and private holdings, informed by prior work at UBS Private Wealth Management, venture capital firm Spencer Trask Ventures, and hedge fund Accipiter Capital Management. Together, Hoy and Sherwood established a team culture that prioritizes customization, discretion, and deep technical fluency—especially when clients face high-stakes transitions that demand coordination across investments, taxes, and long-term planning.
Supporting the group’s day-to-day delivery and client experience, Francesca Anselmo strengthens the team with a strong foundation in relationship management and portfolio support developed at Bain Capital and TwinFocus. She brings a service-oriented, detail-driven approach that helps translate strategy into consistent execution—enhancing the group’s ability to deliver responsive, results-oriented support while maintaining the high-quality standards expected by complex, multi-faceted clients. As a team, Hoy Sherwood Group brings an institutional caliber of thinking to private wealth—designed to help clients plan proactively, invest intentionally, and move forward with confidence.
Capabilities
- Comprehensive Wealth Planning
- Investment Management
- Cash Management & LendingFootnote1
- Tax, Trust & Estate AdvisoryFootnote2
- 10b5-(1) Programs
- Single Family Office Services
- Alternative InvestmentsFootnote3
- Business Succession PlanningFootnote4
- Estate Planning StrategiesFootnote5
- Portfolio Management
- Sudden Wealth Financial Planning
- Corporate Services
- Consolidated Reporting
- Philanthropy Management
- Securities Based LendingFootnote6
- Tailored LendingFootnote7
- Hedging Strategies
- Risk Management
- Open-Architecture Platform
- Pre-Liquidity Planning
- Family Governance & Wealth Education
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 300 teams specialized in assisting individuals and families with $20MM+ in investable assets
- Over $1.2 trillion in AUM
- Comprising 26% of the Barron’s Top 100 Financial Advisors list for 2025
- 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, September 2025
Source: Barron's (Awarded March 2025) This ranking was determined based on an evaluation process conducted by Barron's for the period Oct 2023-Sept 2024. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on an algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the assessment of Barron's and 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.
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.
CORPORATE & EXECUTIVE SOLUTIONS
STRATEGIC ANALYSIS
• Our team can call on firm specialists to help you evaluate various exit strategies to determine which can help meet your personal goals and your aspirations for the ongoing business after your departure.
RESOURCE SELECTION
• We can connect you with a Morgan Stanley investment banker or third-party affiliate based on factors such as transaction size and type, likely purchasers, your industry and geographic focus
INCOME TAX PLANNING
• Working closely with your outside tax and legal advisors, we can help you evaluate the impact of exit opportunities on your income taxes so that you can plan ahead and take advantage of strategies to reduce your tax liability.
ESTATE PLANNING
• Through the estate planning process, we can help you update your will and other foundational documents to reflect your new success. Whether addressing issues of succession, inheritance or creditor protection, we can help you develop gifting and other strategies before the sale that may help reduce taxes on some or all of the proceeds—as well as on future appreciation of assets.
TEAM OF SPECIALISTS TO SIMPLIFY COMPLEXITY
• Our team can help you identify the specialized skills required to address your needs and objectives and assemble a team to focus on your goals. Drawn from the global resources of Morgan Stanley and in coordination with your outside advisors, your team is likely to include specialists in risk management, customized liquidity strategies and income and estate taxation.
Location
28 State Street
34th Floor
Boston, MA 02109
US
Direct:
(617) 570-9550(617) 570-9550
Meet Hoy Sherwood Group
Michael Sherwood
Senior Vice President, Private Wealth Advisor, Private Wealth Advisor
Phone:
(617) 757-8891(617) 757-8891
Francesca Anselmo
PWM Client Relationship Analyst
Phone:
(617) 757-8892(617) 757-8892
About Me
Drawing on more than 30 years of institutional investing and wealth management experience, Robert Hoy crafts highly customized investment strategies for a select national clientele of high-achieving executives, entrepreneurs, fund principals and other stewards of significant wealth. Robert and his team are particularly adept at helping their clients prepare for significant liquidity events, offering guidance on tax-mitigation tactics and other advanced planning measures.
Robert joined Morgan Stanley from UBS Private Wealth Management, where he spent 17 years working with ultra high net worth families and individuals. Prior to UBS, he was a Managing Director in the Private Investment Management and Institutional Capital Markets groups of Lehman Brothers, both in New York and Boston. Robert began his career as an Investment Banker with Dougherty Capitman & Company and The Chase Manhattan Bank, N.A., specializing in mergers and acquisitions. He holds a B.A. in economics and religious studies from Boston College.
Robert and his wife have three children and live in the Greater Boston area. Highly active in the community, Robert has served on the boards of Maine College of Art, Berwick Academy and the Old York Historical Society.
Robert joined Morgan Stanley from UBS Private Wealth Management, where he spent 17 years working with ultra high net worth families and individuals. Prior to UBS, he was a Managing Director in the Private Investment Management and Institutional Capital Markets groups of Lehman Brothers, both in New York and Boston. Robert began his career as an Investment Banker with Dougherty Capitman & Company and The Chase Manhattan Bank, N.A., specializing in mergers and acquisitions. He holds a B.A. in economics and religious studies from Boston College.
Robert and his wife have three children and live in the Greater Boston area. Highly active in the community, Robert has served on the boards of Maine College of Art, Berwick Academy and the Old York Historical Society.
Securities Agent: RI, MI, VA, FL, NJ, DC, CT, AZ, NC, MO, ME, TX, PA, NH, NY, MD, MA, IL, DE, CO, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 1735838
NMLS#: 1735838
About Me
Michael Sherwood brings more than two decades of experience in alternative investing, institutional trading and wealth planning to the service of his team’s clients. Often working with successful executives and entrepreneurs who hold highly concentrated positions in public and private companies, Michael excels at crafting tax-efficient diversification strategies aligned with their goals and priorities.
Michael joined Morgan Stanley from UBS Private Wealth Management, where he spent 15 years crafting comprehensive financial solutions for ultra high net worth families and individuals. He previously worked at Spencer Trask Ventures, a venture capital firm based in Greenwich, Connecticut. Prior to that, he was an Equity Trader at Accipiter Capital Management, a hedge fund in New York City. Michael earned a B.A. in economics and English from Franklin and Marshall College.
Michael and his wife, Colleen, have three sons, John Foster, Tommy and Will. He enjoys playing an active role in his community, coaching youth sports and serving on the board of the Needham, Massachusetts Youth Lacrosse League.
Michael joined Morgan Stanley from UBS Private Wealth Management, where he spent 15 years crafting comprehensive financial solutions for ultra high net worth families and individuals. He previously worked at Spencer Trask Ventures, a venture capital firm based in Greenwich, Connecticut. Prior to that, he was an Equity Trader at Accipiter Capital Management, a hedge fund in New York City. Michael earned a B.A. in economics and English from Franklin and Marshall College.
Michael and his wife, Colleen, have three sons, John Foster, Tommy and Will. He enjoys playing an active role in his community, coaching youth sports and serving on the board of the Needham, Massachusetts Youth Lacrosse League.
Securities Agent: NJ, DC, MT, MD, MA, FL, MI, CO, TX, NH, DE, CA, ME, MO, CT, VA, NC, RI, PA, NY, IL, VT; General Securities Representative; Investment Advisor Representative
NMLS#: 2732421
NMLS#: 2732421
About Francesca Anselmo
Francesca Anselmo has joined Morgan Stanley Wealth Management from Bain Capital, where she spent four years supporting senior investment professionals across alternative investment strategies. Prior to Bain, she worked at TwinFocus, providing portfolio construction and client service support to ultra-high-net-worth families.
A graduate of the Peter T. Paul College of Business and Economics at the University of New Hampshire, Francesca grew up in New Canaan, CT, and now lives in Boston. Outside of work, she enjoys film, exploring new restaurants, and walking around the city.
She brings a strong background in client service and relationship management to the team. Francesca is dedicated to delivering thoughtful, results-oriented support to clients and colleagues alike.
A graduate of the Peter T. Paul College of Business and Economics at the University of New Hampshire, Francesca grew up in New Canaan, CT, and now lives in Boston. Outside of work, she enjoys film, exploring new restaurants, and walking around the city.
She brings a strong background in client service and relationship management to the team. Francesca is dedicated to delivering thoughtful, results-oriented support to clients and colleagues alike.
Contact Robert Hoy
Contact Michael Sherwood
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
Article Image
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Morgan 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
2Morgan 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.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients 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.
6Borrowing against securities may not be appropriate for everyone. You should be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
7Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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
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
2Morgan 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.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients 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.
6Borrowing against securities may not be appropriate for everyone. You should be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
7Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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)
