Ilan Segev, Amy Steigerwald, Sana Bao

Welcome

Our goal is to help you preserve and grow your financial and social capital so that you may have the greatest positive impact for generations to come. Private Wealth Management is a boutique group within a global firm, optimized to serve ultra-high-net worth individuals, families, foundations and institutions. As PWM Advisors, we deliver an unrivaled experience, providing bespoke advice and leveraging the resources of the Morgan Stanley franchise in a family office approach.We combine our own talents and experience with the vast global resources of the firm to address the wealth management needs of our clients. We take a holistic approach in constructing customized strategies, in conjunction with utilizing tailored tax & estate strategies, to help preserve and benefit from market fluctuations. We look forward to learning more about you, your unique goals, and discussing the resources we can make available to you.

Capabilities

Comprehensive Wealth Planning
Family Governance & Wealth Education
Philanthropy Management
Sustainable & Responsible Investing^Footnote1
Investment Management
Risk Management
Pre-Liquidity Planning
10b5-(1) Programs
Open-Architecture Platform
Proprietary Investment Opportunities
Consolidated Reporting
Corporate Services

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.

Clients

Our team serves a select group of successful entrepreneurs, venture capitalists, executives, institutional and private investors from around the world by working directly with clients, their family offices, foundations and endowments. We act as a single point of contact, delivering the firm’s resources, access to opportunities, and intellectual capital to help you meet your complex wealth and investment management needs. We adhere to a disciplined, client-focused investment process to develop and understand our clients’ investment objectives, risk tolerance, liquidity needs and individual circumstances & opportunities.

Philosophy

We are committed to the highest standard of integrity, dedication, and excellence in our relationships with our clients. We strive to fully understand our clients’ objectives and aspirations. Collaboratively, we develop a customized wealth management plan that incorporates investment strategy, coupled with a comprehensive tax, estate, and legacy strategy with unbiased investment execution. The end result is a wealth management plan individually tailored to help meet our clients’ unique objectives in an evolving market environment.

WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

Our mission is to help your company elevate your workplace financial benefits—helping you to attract and retain top talent. Our end-to-end solutions support your company and employees at any stage of growth through a powerful combination of modern technology, insightful guidance, and dedicated service.

Equity Solutions

Equity ownership is a powerful motivator. Streamline equity management through our leading-edge technology and provide global audit-ready reporting and insights, alongside customizable participant experiences to engage and educate your employees on how to make the most of their benefits. Our global solutions support private and public companies at any stage of growth.

• Equity Administration and Financial Reporting
• Liquidity Events
• 409A Valuation Services and Cap Table Management

Learn more

Retirement

For your employees, retirement is more than a date in the future—it's a milestone that takes time, hard work, and the right tools. Through our consultative process, we strive to assist with the management of your fiduciary responsibilities and risk, simplify plan management, and help you improve retirement readiness for your employees.

• Defined Contribution Consulting
• Solutions-Oriented Plans
• Fiduciary Investment Oversight

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Deferred Compensation

Access a range of Nonqualified Deferred Compensation plan services or pick the ones that best fit your needs. We provide recordkeeping and plan design, portfolio construction services, and plan education for your executive talent. We help you determine the appropriate plan design and inform a funding strategy through a needs-based assessment and consultative approach.

Services include:

Recordkeeping and Plan Design
Portfolio Construction
Wealth Management Services

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Executive Services

Our dedicated team provides concierge-level support for your executives' equity compensation plans, from 10b5-1 trading plans to form filing related to Rule 144 transactions, to access to wealth management and tax-optimization strategies, so helping them navigate their complex financial needs with greater confidence and certainty:

Equity Compensation Services
Equity Award Analysis
Specialized Solutions

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Saving and Giving

Saving and Giving benefits can make a real difference in your employees' lives as they can support the things that matter most to them—like saving for education and repaying student loans. Show that you are committed to your employees' priorities with leading-edge solutions that help them chart a path toward financial well-being.

College Savings
Student Loan Repayment and Refinancing
Charitable Giving

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Financial Wellness

We offer Financial Wellness with every solution we provide. Through a powerful combination of education, digital tools and guidance, Financial Wellness is designed to address the unique needs of your employees and empower their financial journey at every stage. Give your employees the confidence to take charge of their finances.

• Financial Education
• Digital Tools
• Financial Guidance

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Location

28 State Street

33 FL

Boston

,

MA 02109

PWM Client Relationship Analyst

Phone:

(617) 757-8827(617) 757-8827

View My Bio

About Ilan Segev

Ilan Segev is a Managing Director and Private Wealth Advisor leading an International Private Wealth Management practice focused on advising ultra-high-net-worth individuals, families, family offices and institutions worldwide. Ilan serves as a trusted partner to his global clients, bringing a global perspective and a highly coordinated approach. In his role he leverages the firm’s full platform and specialist resources to deliver bespoke, integrated solutions executed with rigor, discretion, and precision.

Ilan’s practice is centered on deep client connectivity and thoughtful stewardship enabling clients to access the breadth of the firm’s capabilities across investments, liquidity planning, alternative strategies, and cross-border considerations.

His advisory approach is informed by his international leadership background developed through public service prior to entering financial services. Ilan served as a career diplomat for the State of Israel, including a posting in Atlanta as the second-highest-ranking diplomat to the southeastern United States, as well as a prior assignment in Doha, Qatar. These experiences continue to inform his cultural fluency, global network, and ability to navigate sensitive, high-stakes environments on behalf of his clients.

Ilan is deeply engaged in the Boston community and has held leadership and governance roles including Founding Co-Chair of the Boston region of the Israeli American Council, service on the Newton Wellesley Hospital Board of Overseers, and participation on multiple not-for-profit boards. He previously served on the Morgan Stanley Private Wealth Advisory Council and the International Advisory Council.

Ilan holds a B.A. in Economics and Far East Studies from The Hebrew University of Jerusalem and an MBA from Harvard Business School. Outside of work, he enjoys travel and is fluent in Hebrew and conversational in Mandarin. Ilan resides in Boston, Massachusetts with his wife and they have three sons.

Securities Agent: KY, IN, IL, FL, CO, WA, PA, GA, WI, SC, RI, OH, NY, MA, VT, TX, PR, NJ, NC, MI, WY, MD, ID, AZ, NV, MO, MN, CT, VA, UT, TN, ME, DC, DE, CA, SD, NH; General Securities Representative; Investment Advisor Representative
NMLS#: 1261840

About Amy Steigerwald

With over 21 years of experience in the financial services industry, Amy is an Executive Director in Private Wealth Management at Morgan Stanley. She focuses on building and deepening long-term client relationships, partnering with individuals and families as they navigate complex financial decisions and pursue their long-term goals. Her priority is to make clients’ lives easier through clear guidance & thoughtful planning.

Amy began her career in 2005 at BNY Mellon Wealth Management and later joined Credit Suisse Private Bank, where she first partnered with Ilan Segev. In 2012, Amy and Ilan joined Morgan Stanley, and the practice has since grown into a global team with partners in Boston, New York City, and London. The team advises ultra-high-net-worth families across the U.S., Israel, the U.K., Europe, and Asia. Working closely with clients’ external advisors and Morgan Stanley specialists, they deliver customized strategies and differentiated access to solutions tailored to each client’s priorities.

Amy earned a B.A. from Colgate University and an M.B.A. from Georgetown University. She currently serves on the Morgan Stanley Private Wealth Management Advisory Council and previously served on the Board of Directors for Invest in Girls. She has also mentored and coached women entrepreneurs through the Babson WIN Lab—reflecting her commitment to advancing women’s professional development and entrepreneurship. Originally from upstate New York, Amy lives in Boston’s South End with her husband, Michael, and their son, James.

Securities Agent: IN, TX, SC, PR, CT, WI, RI, MA, DC, CA, NJ, ME, MD, GA, FL, WY, OH, VA, UT, NH, MN, DE, NV, MO, WA, ID, TN, NY, PA, MI, IL, CO, AZ, KY, VT, SD, NC; General Securities Representative; Investment Advisor Representative
NMLS#: 1285121

About Sana Bao (包薩娜)

Sana strives to deliver holistic wealth management solutions to High-Net-Worth families, entrepreneurs, executives, and corporations. With a unique international background, Sana's practice focuses on bringing a global perspective to the management of wealth across borders and across generations. In addition, Sana works to create highly customized solutions that help clients address the complex challenges of managing significant wealth. She currently holds FINRA Series 7 & 66 licenses and earned the firm’s Financial Planning Specialist designation.

Prior to joining Morgan Stanley, Sana was an investor relations and capital markets professional with in-depth knowledge and experience in international business development and equity investment. She helped conglomerates in China facilitate their IPO processes through NASDAQ and NYSE. Sana worked closely with boards and chief executives managing investor relations for leading large-cap China ADRs.

Sana earned her Master Degree from Columbia University with concentration in Advanced Management and Finance, and a Bachelor of Business Administration & Accounting from Xi'an University of Finance and Economics. As a competitive horseback rider, Sana won her horseback riding championship in her middle school. Outside of her day job, you can probably find her at local tennis club or practicing padding with her Columbia Lion Dragons team. Sana currently resides in Manhattan and she is fluent in English and Mandarin Chinese.

Securities Agent: PA, NJ, CA, TX, IL, NY, NC, MA, MN, FL, DE; General Securities Representative; Investment Advisor Representative
NMLS#: 2397516

About Jessica Downing

Jessica M. Downing is an Assistant Vice President and Group Director. Working with multi-generational families, their foundations, and companies throughout the world, she helps them navigate the complexities that come with global lives and multijurisdictional financial needs. As the team's point person for client onboarding and ongoing coordination, Jessica is known for delivering a highly responsive, white-glove experience—anticipating needs, removing friction, and ensuring each client is seamlessly connected to the full breadth of firm capabilities.

With 14 years in financial services and 13 years with her current team, Jessica brings deep experience and continuity to long-term client relationships. She specializes in solving complex operational and regulatory challenges, with particular strength in issues involving cross-border securities regulations—providing the precision and follow-through global clients expect. Jessica began her career as a Client Service Associate at UBS Financial Services and earned a B.S. from Northeastern University.

Born in New York City and raised in Northern New Jersey, Jessica now lives in Boston, Massachusetts. Outside of work, she enjoys traveling, following Boston sports—especially the Bruins—and baking sourdough bread.

About Ying Chen

Ying is a Wealth Management Analyst with the Private Wealth Management Group at Morgan Stanley. Ying is fluent in Mandarin and Cantonese, and moved from Fujian, China to the United States in 2009. Prior to joining the firm in May of 2022, Ying began her career in financial services at Bank of America/Merrill Lynch in 2017. Ying holds her Series 7 and 66 Licenses. She graduated from the Carroll School of Management at Boston College with a master’s degree in Finance and is currently a CFA III Candidate. Ying resides in Quincy, where she has lived for the past 13 years. Ying enjoys spending time with her family and friends during the weekend and trying out new restaurants.

About Asaf Sitton

Asaf Sitton is a Private Wealth Management Associate. Serving clients on both the operational and investment side, he supports day-to-day needs while helping ensure a smooth client experience. As the team’s primary trader, Asaf works closely with clients on trade execution and market activity. Asaf also supports the team’s Israeli book of business, bridging cultural and market differences to ensure clients’ goals are understood and implemented effectively within the U.S. wealth management environment.

With experience in the financial services industry since 2017 and nearly four years with his current team, Asaf brings a global perspective shaped by roles across Israel’s investment and advisory landscape. Asaf holds his 7 and 66 licenses. Prior to joining the team, he worked as a Portfolio Manager at Tamir Fisman, and previously held positions as an Administrative Assistant and Intern Portfolio Manager at Itronot Finansim, as well as a Business Valuation Analyst at C-Value.

Asaf earned a Practical Mechatronics Engineering from ORT Singalovski and a bachelor’s degree in economics and logistics from Bar Ilan University. Born and raised in Ramat Gan, Israel, he now lives in Jamaica Plain, Massachusetts. He speaks Hebrew and English, and outside of work he enjoys sports—especially Formula 1, MMA, and soccer. Asaf is married and has two children.

About Cate Albright

Cate is a Client Relationship Analyst at Morgan Stanley, supporting individuals and families through comprehensive client administration and financial planning–focused services. She works closely with the advisors to coordinate client needs, advance financial planning initiatives, and deliver a consistently high level of service across all aspects of the client relationship.

Since joining the team in 2024, Cate has played an integral role in the day-to-day management of client relationships. She partners with internal specialists and external resources to deliver thoughtful, well-executed planning and service solutions. In addition to her client-facing responsibilities, Cate leads her team’s technology and AI integration efforts, with a focus on systems optimization, operational efficiency, and innovative approaches to client service.

Cate began her career at Morgan Stanley in 2022 as a Summer Analyst before transitioning into a full-time Rotational Branch Analyst role. Through that program, she gained exposure across risk, service, and private banking, building a strong foundation in firm operations and client support. This broad experience enables her to bring a well-rounded, detail-oriented approach to supporting complex client needs.

Cate holds a Bachelor of Arts in Applied Mathematics with a minor in Public Health from Boston University. She is a CFP^® professional, holds the Morgan Stanley Financial Planning Specialist designation, and is licensed with FINRA Series 7 and 66. Originally from New York City, Cate now lives in downtown Boston. Outside of work, she enjoys running, traveling, and exploring new restaurants.

Wealth Management

Global Investment Office

Portfolio Insights

Equity Compensation

Helping you make the most of your equity awards and better understand how it may fit into your larger financial picture – today and tomorrow.

Vesting events
Option expirations
Restricted stock units
Tax implications

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

Learn More

Listen | The Pyramid of Giving: When to Say Yes. How to Say No.

You can support the people and causes you care about, while also turning down requests when you feel you have done enough. Tune in for tips and hear from Katherine Lorenz, President of the Cynthia and George Mitchell Foundation, who shares her story.

Managing Significant Wealth

Investment Management
Wealth Transfer & Philanthropy
Cash Management & Lending
Family Governance & Wealth Education
Lifestyle Advisory
Business Services

Learn More

From Vision to Structure: Architecting a Family Office

Families build more than wealth?they build institutions meant to last. As success brings greater opportunity and complexity, discover how a cohesive family office structure can help align decision-making and preserve values across generations.

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.

Learn More

Larry Fitzgerald Jr.'s Playbook on Leadership and Values

The renowned NFL wide receiver shares insights on aligning your investments with your values.

We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.

Market Information Delayed 20 Minutes

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.

¹Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.

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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 4677197 (7/2025)

Our Mission Statement

Welcome

About PWM

Approach

Clients

Philosophy

WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

Location

Meet Ilan Segev, Amy Steigerwald, Sana Bao

Ilan Segev

Amy Steigerwald

Sana Bao (包薩娜)

Jessica Downing

Ying Chen

Asaf Sitton

Cate Albright, CFP®, Financial Planning Specialist

About Ilan Segev

About Amy Steigerwald

About Sana Bao (包薩娜)

About Jessica Downing

About Ying Chen

About Asaf Sitton

About Cate Albright

Portfolio Insights

Equity Compensation

Private Wealth Management Podcast

Listen | The Pyramid of Giving: When to Say Yes. How to Say No.

Managing Significant Wealth

From Vision to Structure: Architecting a Family Office

Insights and Outcomes

Larry Fitzgerald Jr.'s Playbook on Leadership and Values