Morgan Stanley Private Wealth Management
Joseph L. Duarte
Managing Director, Private Wealth Management,
Private Wealth Advisor,
Global Sports and Entertainment Director,
Senior Portfolio Management Director,
Workplace Advisor - Equity Compensation
Direct:
(212) 503-1198(212) 503-1198
My Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
My Story and Services
Joseph L. Duarte began his career in the financial services industry in 1991, joining Morgan Stanley Private Wealth Management in 2023 as Managing Director & Private Wealth Advisor. He is co-head of the ZD (Zipper-Duarte) Group at Morgan Stanley’s Private Wealth Management division in New York, a team of advisors, financial planners, investment analysts and client associates that work closely together delivering the vast capabilities of the firm to their clients in a customized manner.
Joe has over a thirty-year career providing customized strategies for affluent individuals and ultra-high net worth families. Together with his team, they pride themselves on building deeply personal relationships with each client and collaborating to find creative solutions for complex issues. His vast experience working with and addressing the needs of professional athletes and entertainers has also earned him the internal designation of Global Sports and Entertainment Director at Morgan Stanley. Additionally, Joe has a deep knowledge in helping private and public company executives navigate the complexities around equity compensation, which has earned him the internal designation of Workplace Advisor & Portfolio Management Director.
Joe’s background is unique in that he founded and operated his own boutique investment firm in 1996 that he grew to prominence while clearing through Paine Webber CSC, and successfully sold his interest prior to joining JP Morgan. Through this experience of owning and operating a business, he developed a greater appreciation and understanding for the challenges that entrepreneurs and business owners face and he draws on this experience to help his clients make important financial decisions. Joe is proud of his immigrant roots and the example his parents set forth when they fled their homeland of Cuba in the late sixties to start over in the United States of America with their five children. He attributes much of his work ethic and commitment to this experience.
Joe has received recognition as a member of Forbes Best-In-State Wealth Advisors, along with “The Zipper-Duarte Group” being named as a Best in State Wealth Management Team and a Barron’s Top 100 Private Wealth Management Team. Prior to joining Morgan Stanley, Joseph served as Managing Director at First Republic Investment Management, a Managing Director at J.P. Morgan Chase, and Bear Stearns. Joe holds a Bachelor of Arts degree in Sociology from the University of Southern New Hampshire, an Accredited Investment Fiduciary Designation (AIF) and Business Certificate from the Columbia School of Business.
Active in his community of Port Washington, NY, Joe is an Alumni Board member on the Port Washington Youth Association (PYA) board of directors, a non-profit committed to the empowerment of youth in the community. In 2016, he was inducted into the organization’s Hall of Fame for his 18 years of dedicated community service. Joe resides in Sands Point, NY with his wife of 34 years. He enjoys spending time with his wife and four sons, traveling, playing golf and boating.
*Forbes Best-In-State Wealth Advisors 2023
Source: Forbes.com (April 2023) Data compiled by SHOOK Research LLC in partnership with Forbes based on time period from 6/30/21 - 6/30/22. For criteria & methodology, go to Awards Disclosures | Morgan Stanley
*Forbes Best-In-State Wealth Management Teams 2023
Source: Forbes.com (January 2023) Data compiled by SHOOK Research LLC in partnership with Forbes based on time period from 3/31/21 – 3/31/22. For criteria & methodology, go to Awards Disclosures | Morgan Stanley
*Barron’s Top 100 Private Wealth Management Teams 2022
Source: Barron's.com (April 2022) Data compiled by Barron’s based on time period from 12/2020-12/2021. For criteria & methodology, go to Awards Disclosures | Morgan Stanley
Joe has over a thirty-year career providing customized strategies for affluent individuals and ultra-high net worth families. Together with his team, they pride themselves on building deeply personal relationships with each client and collaborating to find creative solutions for complex issues. His vast experience working with and addressing the needs of professional athletes and entertainers has also earned him the internal designation of Global Sports and Entertainment Director at Morgan Stanley. Additionally, Joe has a deep knowledge in helping private and public company executives navigate the complexities around equity compensation, which has earned him the internal designation of Workplace Advisor & Portfolio Management Director.
Joe’s background is unique in that he founded and operated his own boutique investment firm in 1996 that he grew to prominence while clearing through Paine Webber CSC, and successfully sold his interest prior to joining JP Morgan. Through this experience of owning and operating a business, he developed a greater appreciation and understanding for the challenges that entrepreneurs and business owners face and he draws on this experience to help his clients make important financial decisions. Joe is proud of his immigrant roots and the example his parents set forth when they fled their homeland of Cuba in the late sixties to start over in the United States of America with their five children. He attributes much of his work ethic and commitment to this experience.
Joe has received recognition as a member of Forbes Best-In-State Wealth Advisors, along with “The Zipper-Duarte Group” being named as a Best in State Wealth Management Team and a Barron’s Top 100 Private Wealth Management Team. Prior to joining Morgan Stanley, Joseph served as Managing Director at First Republic Investment Management, a Managing Director at J.P. Morgan Chase, and Bear Stearns. Joe holds a Bachelor of Arts degree in Sociology from the University of Southern New Hampshire, an Accredited Investment Fiduciary Designation (AIF) and Business Certificate from the Columbia School of Business.
Active in his community of Port Washington, NY, Joe is an Alumni Board member on the Port Washington Youth Association (PYA) board of directors, a non-profit committed to the empowerment of youth in the community. In 2016, he was inducted into the organization’s Hall of Fame for his 18 years of dedicated community service. Joe resides in Sands Point, NY with his wife of 34 years. He enjoys spending time with his wife and four sons, traveling, playing golf and boating.
*Forbes Best-In-State Wealth Advisors 2023
Source: Forbes.com (April 2023) Data compiled by SHOOK Research LLC in partnership with Forbes based on time period from 6/30/21 - 6/30/22. For criteria & methodology, go to Awards Disclosures | Morgan Stanley
*Forbes Best-In-State Wealth Management Teams 2023
Source: Forbes.com (January 2023) Data compiled by SHOOK Research LLC in partnership with Forbes based on time period from 3/31/21 – 3/31/22. For criteria & methodology, go to Awards Disclosures | Morgan Stanley
*Barron’s Top 100 Private Wealth Management Teams 2022
Source: Barron's.com (April 2022) Data compiled by Barron’s based on time period from 12/2020-12/2021. For criteria & methodology, go to Awards Disclosures | Morgan Stanley
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY; General Securities Representative; Investment Advisor Representative; General Securities Principal
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 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- 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, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking 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.
Location
101 Park Avenue
24th Floor
New York, NY 10017
US
Direct:
(212) 503-1198(212) 503-1198
Private Wealth Management
Professional Insights
You are your Own CEO: Build a Dream Team for Your Career
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
Funding Climate Action: Pathways for Philanthropy
Article Image
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.
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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 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® .
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 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 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® .
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
CRC 4237142 (02/2025)
