James Klein, CIMA®
Managing Director, Private Wealth Management, Private Wealth Advisor, Lending Specialist, Alternative Investments Director, Global Sports and Entertainment Director, Founders Specialist
Phone:
(310) 788-2104(310) 788-2104
Morgan Stanley Private Wealth Management
The KLT Group
James Klein, CIMA®Rick KellerRobert ThomasonRobert LordBenn Konner, QPFCJoe Emmerling, CFAEmma Olcott, CAIA, CFP®
Direct:
(310) 788-2108(310) 788-2108
Industry Award WinnerOur Mission Statement
A boutique group within a global firm, Private Wealth Management is optimized to serve ultra high net worth individuals, families and foundations.
Welcome
As Morgan Stanley Private Wealth Advisors, we combine our own talents and experience with the vast resources of a global financial services firm to address the planning, governance, liability management and investing needs of ultra-high net worth families, their businesses and philanthropic enterprises. We take a holistic approach that is grounded in investment strategy but covers virtually every aspect of your financial life: risk management, liabilities, trusts and estate structures and even family dynamics and lifestyle management issues. Our goal is to help preserve and grow your financial, family and social capital so that it can have the greatest positive impact today and for generations to come. We look forward to learning more about you and your family and discussing the resources we can place at your disposal.
The KLT Group at Morgan Stanley Private Wealth Management is dedicated to providing comprehensive financial services to ultra- high net worth individuals, their families and foundations. We are devoted to helping our clients preserve their financial, family and social capital. Our team strives to simplify financial complexity and help our clients achieve clarity and control. We provide customized solutions based solely on an objective view of our clients’ needs. We offer advice that extends beyond investing to encompass both sides of our clients’ personal balance sheets and every aspect of their finances. We seek to deliver a level of service unparalleled in the investment business while maintaining an unwavering focus on clients’ financial goals.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
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The KLT Group at Morgan Stanley Private Wealth Management is dedicated to providing comprehensive financial services to ultra- high net worth individuals, their families and foundations. We are devoted to helping our clients preserve their financial, family and social capital. Our team strives to simplify financial complexity and help our clients achieve clarity and control. We provide customized solutions based solely on an objective view of our clients’ needs. We offer advice that extends beyond investing to encompass both sides of our clients’ personal balance sheets and every aspect of their finances. We seek to deliver a level of service unparalleled in the investment business while maintaining an unwavering focus on clients’ financial goals.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
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Capabilities
- Philanthropy Management
- Pre-Liquidity Planning
- Risk Management
- Investment Management
- Consolidated Reporting
- Open-Architecture Platform
- Manager Selection
- Proprietary Investment Opportunities
- Cash Management & LendingFootnote1
- Securities Based LendingFootnote2
- Tailored LendingFootnote3
- 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.
FAMILY OFFICE RESOURCES
The KLT Group at Morgan Stanley Private Wealth Management combines their unique and diverse skillsets to assist ultra-high net worth clients manage their complicated personal, professional, and financial lives.
Family Office Resources helps clients and Morgan Stanley Private Wealth Advisors navigate and utilize our extensive array of specialized resources to address the complex varied challenges of managing significant wealth in order for our clients to make difficult decisions with confidence.
Below are some resources we help you navigate:
Family Office Resources helps clients and Morgan Stanley Private Wealth Advisors navigate and utilize our extensive array of specialized resources to address the complex varied challenges of managing significant wealth in order for our clients to make difficult decisions with confidence.
Below are some resources we help you navigate:
Trust & Estate Planning
Morgan Stanley Private Wealth Management’s Wealth and Estate Planning Strategists evaluate every facet of a client’s trust and estate plan to understand their complex tax/estate structures and to integrate the client’s investment and estate planning strategies. This service helps our clients make investment decisions with their entire estate and financial picture in mind.
Click here to learn more
Philanthropic Planning and Charitable Giving
Our team strives to understand a client’s philanthropic goals and learn which causes interest them. Keeping asset allocation in mind, we help clients strategically donate to specific charities in the most tax efficient manner.
Click here to learn more
Executive Compensation – Stock & Stock Options
For clients who receive stock or stock options as part of their compensation, it is important that they understand the tax treatment of those assets. The following link provides a general overview of basic stock and stock options rules. Our team can assist a client by running a stock option analysis to help them think through their different scenarios.
Click here to learn moreClients
We work with successful entrepreneurs, investors and accomplished executives, each with unique financial needs and demanding time constraints. Our goal is to help preserve and grow their financial, family and social capital so that it can have the greatest positive impact today and for generations to come.
Entrepreneurs
Our team has decades of experience working with privately-owned company founders and executives. We can assist with the complicated and complex challenges that come with establishing a new business and working towards a future liquidity event. This process includes providing input and resources at crucial stages as your professional and personal lives develop.
Click here to learn morePre-IPO Planning
While you concentrate on the various demands of taking an organization public, we support and help you take the appropriate steps to achieve your wealth management goals tax efficiently. These steps may include wealth transfer strategies, option exercise analysis, and Qualified Small Business Stock discussions.
Click here to learn more.Public Company Executives
We have a history of successfully supporting C-Level executives with their personal financial needs. These services include reviewing incentive compensation packages, providing solutions for concentrated equity positions including 10b5-1 plans, exchange funds, hedging strategies, and other diversification strategies.
Click here to learn more.Venture Capital and Private Equity Partners
Investing in private companies creates distinct wealth management considerations. We provide innovative solutions regarding asset allocation, risk management, liabilities, philanthropy management as well as trust and estate structures.
Click here to learn more.Global Sports and Entertainment
Jimmy Klein and Bobby Thomason hold the distinguished designation of Global Sports and Entertainment Private Wealth Advisors, as well as having worked, and currently working, with various VIPs in the sports and entertainment world, our team is well equipped to aid you in creating a unique financial plan that fits your needs.
Click here to learn more.Location
1999 Ave Of The Stars
Ste 2400
Los Angeles, CA 90067
US
Direct:
(310) 788-2108(310) 788-2108
Meet The KLT Group
Rick Keller
Managing Director, Private Wealth Management, Private Wealth Advisor, Alternative Investments Director, Insurance Planning Director
Phone:
(310) 788-2099(310) 788-2099
Robert Thomason
Managing Director, Wealth Management, Private Wealth Advisor, Lending Specialist, Alternative Investments Director, Global Sports and Entertainment Director
Phone:
(310) 788-2108(310) 788-2108
Robert Lord
Executive Director, Private Wealth Advisor, Lending Specialist, Alternative Investments Director
Phone:
(310) 788-2115(310) 788-2115
Benn Konner, QPFC
Managing Director, Private Wealth Management, Private Wealth Advisor, Alternative Investments Director
Phone:
(310) 788-2005(310) 788-2005
Joe Emmerling, CFA
Senior Vice President, Wealth Management, Private Wealth Advisor, Family Wealth Director
Phone:
(310) 788-2260(310) 788-2260
Emma Olcott, CAIA, CFP®
Private Wealth Advisor
Phone:
(310) 788-1707(310) 788-1707
Daniel Thomason
Senior Vice President, Wealth Management, Director of Business Strategy, Private Wealth Management
Phone:
(310) 788-2119(310) 788-2119
Andrew Schauer
PWM Investment Consultant
Phone:
(310) 788-2105(310) 788-2105
Tina Liu, Alternative Investments Specialist
Assistant Vice President, Private Wealth Management Associate
Phone:
(310) 788-2124(310) 788-2124
April Bernardoni, Alternative Investments Specialist
Assistant Vice President, Private Wealth Management Associate
Phone:
(310) 788-2120(310) 788-2120
Ema Avalos
Portfolio Associate, Private Wealth Management
Phone:
(310) 788-2077(310) 788-2077
Donatella Mancinone
Registered Client Service Associate
Phone:
(310) 788-2125(310) 788-2125
Gavin O'Leary
Client Service Associate
Phone:
(310) 788-5014(310) 788-5014
About James Klein
Jimmy Klein, a Private Wealth Advisor, has worked in the investment management industry since 1995. After graduating from Loyola High School, Jimmy received his BA in Economics from Stanford University in 1994, while playing on the football and volleyball teams.
Jimmy joined Merrill Lynch’s Private Banking and Investment Group in 1995, where he worked for thirteen years before joining Morgan Stanley in 2008. Jimmy was named to the 2018-2025 Forbes Magazine’s List of America’s Best-in-State Wealth Advisors, 2017-2025 Barron’s list of America’s Top 1,200 Financial Advisors: State by State and was #2 in the 2006 On Wall Street Top 40 advisors under 40.
He is a member of the inaugural class of Morgan Stanley Sports and Entertainment Directors. Jimmy is a member of the Los Angeles Country Club, the Bel Air Bay Club, the Napa Valley Reserve, and resides in Pacific Palisades.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
Disclosures
2018-2025 Forbes Best-In- State Wealth Advisors.
Source: Forbes.com (2018-2024). Forbes Best-In- State Wealth Advisors ranking awarded in 2018-2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in June of the previous year the award was issued having commenced in June of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking 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 opinions of SHOOK Research LLC 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 SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
©2023Morgan Stanley Smith Barney LLC. Member SIPC.
2017-2025 Barron’s Top 1,200 Financial Advisors: State-by-State.
Source: Barrons.com (2017-2025). Top 1,200 Financial Advisors: State by-State as identified by Barron's magazine, using quantitative and qualitative criteria, and selected from a pool of over 6,000 nominations. Advisors in the Top 1,200 Financial Advisors list have a minimum of seven years of financial services experience. Qualitative factors include, but are not limited to, compliance record and philanthropic work. Investment performance is not a criterion. The rating may not be representative of any one client's experience and is not indicative of the Financial Advisor's future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors pays a fee to Barron's in exchange for the rating. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
#2 in the 2006 On Wall Street’s Top 40 Under 40
On Wall Street’s Top 40 Under 40 asks brokerage firms to nominate their top young brokers. Of those nominated, ON Wall Street bases its rankings on quantitative and qualitative criteria. Financial Advisors are ranked by their annual trailing 12-month production (as of Sept 30, 2006). The rating is not indicative of the advisor’s future performance. Neither Morgan Stanley Smith Barney LLC nor its financial advisors pay a fee to ON Wall Street in exchange for the rating.
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Jimmy joined Merrill Lynch’s Private Banking and Investment Group in 1995, where he worked for thirteen years before joining Morgan Stanley in 2008. Jimmy was named to the 2018-2025 Forbes Magazine’s List of America’s Best-in-State Wealth Advisors, 2017-2025 Barron’s list of America’s Top 1,200 Financial Advisors: State by State and was #2 in the 2006 On Wall Street Top 40 advisors under 40.
He is a member of the inaugural class of Morgan Stanley Sports and Entertainment Directors. Jimmy is a member of the Los Angeles Country Club, the Bel Air Bay Club, the Napa Valley Reserve, and resides in Pacific Palisades.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
Disclosures
2018-2025 Forbes Best-In- State Wealth Advisors.
Source: Forbes.com (2018-2024). Forbes Best-In- State Wealth Advisors ranking awarded in 2018-2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in June of the previous year the award was issued having commenced in June of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking 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 opinions of SHOOK Research LLC 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 SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
©2023Morgan Stanley Smith Barney LLC. Member SIPC.
2017-2025 Barron’s Top 1,200 Financial Advisors: State-by-State.
Source: Barrons.com (2017-2025). Top 1,200 Financial Advisors: State by-State as identified by Barron's magazine, using quantitative and qualitative criteria, and selected from a pool of over 6,000 nominations. Advisors in the Top 1,200 Financial Advisors list have a minimum of seven years of financial services experience. Qualitative factors include, but are not limited to, compliance record and philanthropic work. Investment performance is not a criterion. The rating may not be representative of any one client's experience and is not indicative of the Financial Advisor's future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors pays a fee to Barron's in exchange for the rating. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
#2 in the 2006 On Wall Street’s Top 40 Under 40
On Wall Street’s Top 40 Under 40 asks brokerage firms to nominate their top young brokers. Of those nominated, ON Wall Street bases its rankings on quantitative and qualitative criteria. Financial Advisors are ranked by their annual trailing 12-month production (as of Sept 30, 2006). The rating is not indicative of the advisor’s future performance. Neither Morgan Stanley Smith Barney LLC nor its financial advisors pay a fee to ON Wall Street in exchange for the rating.
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Securities Agent: HI, AL, DE, CA, WY, SC, MD, VA, UT, MT, SD, NJ, FL, PR, NH, KY, CT, OR, KS, IL, CO, AZ, NV, WA, TX, PA, NY, NM, MA, ID, GA, DC, LA, OK, TN, NC, MO, MI; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1255451
NMLS#: 1255451
About Rick Keller
Rick Keller is a Private Wealth Advisor in Southern California. He is responsible for advising clients on personal wealth management and delivering the firm’s investment, generational planning, trust, cash management and lending services.
Prior to joining Morgan Stanley in 2016, Rick was a Managing Director in the Private Bank at JP Morgan for more than a decade. Before joining JP Morgan, he was a Partner at Vantis Capital Management LLC, a Global- Macro hedge fund, where he was a senior member of both the equity research and client development teams. Rick began his career with Bank of America’s Commercial Banking Division.
Rick received his BA from the University of California, Berkeley and his MBA from the Kellogg Graduate School of Management at Northwestern University. He serves as a Trustee of the Natural History Museum of Los Angeles County and is Chairman of the Investment Committee for the Museum’s $180,000,000 foundation. Rick is also a Trustee of the St. Paul the Apostle School Foundation. He is a member of the Los Angeles Country Club, Newport Harbor Yacht Club, and the Santa Monica Beach Club. He lives with his wife and three children in Los Angeles.
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Prior to joining Morgan Stanley in 2016, Rick was a Managing Director in the Private Bank at JP Morgan for more than a decade. Before joining JP Morgan, he was a Partner at Vantis Capital Management LLC, a Global- Macro hedge fund, where he was a senior member of both the equity research and client development teams. Rick began his career with Bank of America’s Commercial Banking Division.
Rick received his BA from the University of California, Berkeley and his MBA from the Kellogg Graduate School of Management at Northwestern University. He serves as a Trustee of the Natural History Museum of Los Angeles County and is Chairman of the Investment Committee for the Museum’s $180,000,000 foundation. Rick is also a Trustee of the St. Paul the Apostle School Foundation. He is a member of the Los Angeles Country Club, Newport Harbor Yacht Club, and the Santa Monica Beach Club. He lives with his wife and three children in Los Angeles.
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Securities Agent: VA, UT, SC, RI, NC, MD, MA, TN, OR, NY, NM, DE, CO, NV, MI, LA, NH, TX, NJ, MT, GA, SD, PR, KY, ID, CA, AZ, HI, DC, WI, PA, FL, AL, WY, OK, MO, IL, CT, WA; General Securities Representative; Investment Advisor Representative
NMLS#: 837109
NMLS#: 837109
About Robert Thomason
Since 1998, Bobby has been providing strategic investment strategies to a select group of ultra-high net worth individuals, their families, and foundations. Bobby received his BA in Economics from Columbia University in 1998 and graduated from Loyola High School in Los Angeles.
While at Columbia, Bobby was the recipient of the Robert Kraft Scholarship and was a two-year starter at quarterback. In 1998 Bobby joined the Wealth Management Division of PaineWebber in New York before taking a position with Merrill Lynch’s Private Banking and Investment Group in 1999. He worked at Merrill Lynch for nine years before joining Morgan Stanley in May 2008. Bobby was ranked #21 in the 2016 On Wall Street Top 40 advisors under 40 and was named to the 2021-2025 Forbes Magazine’s List of America’s Best-in-State Wealth Advisors.
Bobby is a member of the inaugural class of Morgan Stanley Sports and Entertainment Directors. He serves on the Board of the St. James Inn and is a member of the Los Angeles Country Club and the Jonathan Club.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
Disclosures
2021-2025 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (2021-2025). Forbes Best-In- State Wealth Advisors ranking awarded in 2021-2025. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in June of the previous year the award was issued having commenced in June of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking 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 opinions of SHOOK Research LLC 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 SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
©2023 Morgan Stanley Smith Barney LLC. Member SIPC.
2016 On Wall Street's Top 40 Under 40
On Wall Street's Top 40 Under 40 asks brokerage firms to nominate their top young brokers. Of those nominated, On Wall Street bases its rankings on quantitative and qualitative criteria. Financial Advisors are ranked by their annual trailing-12-month production (as of Sept 30, 2015), The rating is not indicative of the Financial Advisor's future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors pay a fee to On Wall Street in exchange for the rating.
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While at Columbia, Bobby was the recipient of the Robert Kraft Scholarship and was a two-year starter at quarterback. In 1998 Bobby joined the Wealth Management Division of PaineWebber in New York before taking a position with Merrill Lynch’s Private Banking and Investment Group in 1999. He worked at Merrill Lynch for nine years before joining Morgan Stanley in May 2008. Bobby was ranked #21 in the 2016 On Wall Street Top 40 advisors under 40 and was named to the 2021-2025 Forbes Magazine’s List of America’s Best-in-State Wealth Advisors.
Bobby is a member of the inaugural class of Morgan Stanley Sports and Entertainment Directors. He serves on the Board of the St. James Inn and is a member of the Los Angeles Country Club and the Jonathan Club.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
Disclosures
2021-2025 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (2021-2025). Forbes Best-In- State Wealth Advisors ranking awarded in 2021-2025. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in June of the previous year the award was issued having commenced in June of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking 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 opinions of SHOOK Research LLC 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 SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
©2023 Morgan Stanley Smith Barney LLC. Member SIPC.
2016 On Wall Street's Top 40 Under 40
On Wall Street's Top 40 Under 40 asks brokerage firms to nominate their top young brokers. Of those nominated, On Wall Street bases its rankings on quantitative and qualitative criteria. Financial Advisors are ranked by their annual trailing-12-month production (as of Sept 30, 2015), The rating is not indicative of the Financial Advisor's future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors pay a fee to On Wall Street in exchange for the rating.
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Securities Agent: NV, NH, LA, FL, WA, VA, SC, MO, IL, AL, UT, KY, HI, DC, NJ, GA, CT, TN, MT, KS, WY, OK, MI, MA, CA, OR, MD, PA, NY, AZ, NM, NC, ID, PR, DE, CO, TX, SD; General Securities Representative; Investment Advisor Representative
NMLS#: 1261896
NMLS#: 1261896
About Robert Lord
Bob Lord has worked in the investment management industry since 1999. Bob received his BBA in Accounting from James Madison University in 1991 and his MBA in Analytic Finance from the University of Chicago Graduate School of Business in 1999.
Prior to graduate school, Bob worked as a manager for Price Waterhouse, in a career focused on international capital market development in Poland, Russia and Ukraine. After graduate school, Bob joined Merrill Lynch’s Private Banking and Investment Group. He worked at Merrill Lynch for nine years before joining Morgan Stanley in May 2008. Bob was named to the 2022 and 2024 Forbes Magazine's List of America's Best-In-State Wealth Advisors.
Bob’s responsibilities include evaluating liquidity/diversification strategies for low-cost basis shareholders, formulating customized asset allocation strategies, evaluating money managers, evaluating alternative investments such as real estate, private equity and hedge funds, and acting as a liaison with our clients’ accountants.
Bob is a member of the Jonathan Club.
2022-2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (2022-2024). Forbes Best-In- State Wealth Advisors ranking awarded in 2022-2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in June of the previous year the award was issued having commenced in June of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking 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 opinions of SHOOK Research LLC 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 SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com. ©2023 Morgan Stanley Smith Barney LLC. Member SIPC.
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Prior to graduate school, Bob worked as a manager for Price Waterhouse, in a career focused on international capital market development in Poland, Russia and Ukraine. After graduate school, Bob joined Merrill Lynch’s Private Banking and Investment Group. He worked at Merrill Lynch for nine years before joining Morgan Stanley in May 2008. Bob was named to the 2022 and 2024 Forbes Magazine's List of America's Best-In-State Wealth Advisors.
Bob’s responsibilities include evaluating liquidity/diversification strategies for low-cost basis shareholders, formulating customized asset allocation strategies, evaluating money managers, evaluating alternative investments such as real estate, private equity and hedge funds, and acting as a liaison with our clients’ accountants.
Bob is a member of the Jonathan Club.
2022-2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (2022-2024). Forbes Best-In- State Wealth Advisors ranking awarded in 2022-2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in June of the previous year the award was issued having commenced in June of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking 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 opinions of SHOOK Research LLC 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 SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com. ©2023 Morgan Stanley Smith Barney LLC. Member SIPC.
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Securities Agent: MT, HI, CT, AZ, OK, NJ, AL, PA, OH, MO, KS, WA, UT, SD, DE, VA, TX, NV, NM, SC, MD, ID, PR, KY, NH, NC, DC, WY, OR, MA, GA, CO, TN, MI, LA, IL, FL, CA, NY; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1255321
NMLS#: 1255321
About Benn Konner
Benn has over 35 years of experience in wealth management and capital markets. Prior to joining Morgan Stanley, he spent 25 years at the J.P. Morgan Private Bank, relocating to Los Angeles in 2000 to head the Ultra High Net Worth investment desk. In addition to client coverage, Benn was a key part of the leadership team responsible for managing the LA market.
Benn has been a Managing Director since 2003. Benn works with multi-generational families, public company executives as well as private equity, real estate and hedge fund principals. Benn advises on asset allocation and portfolio construction, restricted stock, options/10b5-1, alternative assets, liquidity/lending and philanthropic and estate planning strategies.
Benn's philanthropic interests center on at-risk women and children and helping those in the foster care system through organizations such as GO Campaign and A Sense of Home. Benn has also served as a Mentor in The Fellowship Initiative, a program that provides intensive academic and leadership development for young men of color and has taught financial literacy in underserved communities.
Benn graduated from the University of Michigan Ross School of Business with a BBA in Finance in 1988 and The Wharton School at the University of Pennsylvania with an MBA in Finance in 1993. He lives in Pacific Palisades with his wife Linda and has four children. Benn is a member of the Bel-Air Country Club and the Bel Air Bay Club and enjoys travel, mountain biking, cooking, skiing and fishing.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
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
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Benn has been a Managing Director since 2003. Benn works with multi-generational families, public company executives as well as private equity, real estate and hedge fund principals. Benn advises on asset allocation and portfolio construction, restricted stock, options/10b5-1, alternative assets, liquidity/lending and philanthropic and estate planning strategies.
Benn's philanthropic interests center on at-risk women and children and helping those in the foster care system through organizations such as GO Campaign and A Sense of Home. Benn has also served as a Mentor in The Fellowship Initiative, a program that provides intensive academic and leadership development for young men of color and has taught financial literacy in underserved communities.
Benn graduated from the University of Michigan Ross School of Business with a BBA in Finance in 1988 and The Wharton School at the University of Pennsylvania with an MBA in Finance in 1993. He lives in Pacific Palisades with his wife Linda and has four children. Benn is a member of the Bel-Air Country Club and the Bel Air Bay Club and enjoys travel, mountain biking, cooking, skiing and fishing.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
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
5334036
03/2026
Securities Agent: PR, CA, OK, NM, NJ, NC, WY, LA, TX, NV, CT, TN, MO, KY, AZ, PA, OR, NY, MT, MI, IL, ID, DE, UT, SD, NH, MA, AL, VA, RI, WA, HI, GA, CO, MD, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 837328
NMLS#: 837328
About Joe Emmerling
Joe is a Private Wealth Advisor with Morgan Stanley’s Private Wealth Management Group where he is responsible for implementing and managing client portfolios in addition to assisting self-directed clients in the execution of opportunistic investment strategies. His key areas of concentration include investment management, portfolio construction, alternative investments, and liability management.
Prior to joining Morgan Stanley, Joe spent 10 years with J.P. Morgan’s Private Bank where he oversaw more than $3.2B of client assets. He spent the majority of his career with J.P. Morgan's largest team in New York City as an Investment Specialist before moving to the Los Angeles Private Bank office in 2018.
Joe is a CFA Charterholder and graduated with honors from the University of Colorado, Boulder with a B.S. in Business Administration with a Finance emphasis. He lives in Santa Monica, is an avid golfer, a competitive cyclist, and long-distance triathlete.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5397085
04/2026
Prior to joining Morgan Stanley, Joe spent 10 years with J.P. Morgan’s Private Bank where he oversaw more than $3.2B of client assets. He spent the majority of his career with J.P. Morgan's largest team in New York City as an Investment Specialist before moving to the Los Angeles Private Bank office in 2018.
Joe is a CFA Charterholder and graduated with honors from the University of Colorado, Boulder with a B.S. in Business Administration with a Finance emphasis. He lives in Santa Monica, is an avid golfer, a competitive cyclist, and long-distance triathlete.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5397085
04/2026
Securities Agent: OH, CT, MT, LA, IL, ID, HI, CO, AZ, WA, SD, PR, NC, FL, PA, NV, NM, NH, GA, CA, AL, OK, OR, MO, WY, UT, DE, TN, TX, KY, KS, VA, NE, MI, MD, SC, NY, NJ, DC, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 2247086
NMLS#: 2247086
About Emma Olcott
Emma Olcott is a Private Wealth Advisor within Morgan Stanley’s Private Wealth Management division in Los Angeles. With over a decade of experience servicing ultra-high net worth individuals, families and foundations, her efforts are focused on striving to deliver the extensive capabilities of the firm in a customized manner. Emma earned her CERTIFIED FINANCIAL PLANNER® certification in 2025. She is also a member of the Chartered Alternative Investment Analyst (CAIA) Foundation and 100 Women in Finance.
Emma plays a key role in expanding the KLT Group’s strategic partnership initiative within Morgan Stanley Private Wealth Management. She leads the team’s asset aggregation and reporting needs, helping enhance visibility and reporting across complex client balance sheets. Over the past six years, this effort has scaled nationally and, as of May 31, 2026, has supported reporting on more than $60 billion in assets.
Prior to joining Morgan Stanley, Emma graduated with honors from Loyola Marymount University with a B.A. in Entrepreneurship. While at LMU, she was an active member of the Entrepreneurship Society and co-created the university’s financial literacy program. She remains committed to mentorship and continues to support LMU students in the entrepreneurship program. Emma is also passionate about advancing financial literacy and wellness - particularly for women and the next generation.
Emma and her husband live in Culver City, California. Outside of work, she enjoys hiking and skiing and values time with family in San Francisco, Stockholm, London, and Tokyo.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S.
CRC 5560933
06/2026
Emma plays a key role in expanding the KLT Group’s strategic partnership initiative within Morgan Stanley Private Wealth Management. She leads the team’s asset aggregation and reporting needs, helping enhance visibility and reporting across complex client balance sheets. Over the past six years, this effort has scaled nationally and, as of May 31, 2026, has supported reporting on more than $60 billion in assets.
Prior to joining Morgan Stanley, Emma graduated with honors from Loyola Marymount University with a B.A. in Entrepreneurship. While at LMU, she was an active member of the Entrepreneurship Society and co-created the university’s financial literacy program. She remains committed to mentorship and continues to support LMU students in the entrepreneurship program. Emma is also passionate about advancing financial literacy and wellness - particularly for women and the next generation.
Emma and her husband live in Culver City, California. Outside of work, she enjoys hiking and skiing and values time with family in San Francisco, Stockholm, London, and Tokyo.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S.
CRC 5560933
06/2026
Securities Agent: MN, DC, UT, NV, MS, KY, VA, TX, NY, KS, WA, PR, NJ, FL, AR, VT, RI, DE, CO, AZ, OK, WV, OR, NM, NH, AK, SD, MI, MD, IL, CT, CA, AL, WI, MA, GA, VI, PA, NC, MT, ME, ID, IA, WY, OH, NE, LA, IN, HI, TN, SC, ND, MO; General Securities Representative; Investment Advisor Representative
NMLS#: 2548886
NMLS#: 2548886
About Daniel Thomason
Dan Thomason has worked in the investment management industry since 2000. Dan received his BS in Finance from Boston College in 2000. After graduating Boston College, Dan joined Dimensional Fund Advisors in Santa Monica as Trading Assistant in the US Equity and Fixed Income divisions. In 2005, Dan joined Merrill Lynch's Private Banking and Investment Group as the Senior Trader for the KLT Group. He worked at Merrill Lynch for 2 ½ years before joining Morgan Stanley in May 2008. Dan's responsibilities include executing equity, fixed income and option trades for clients, as well as assisting in analyzing fund managers. Dan also assists clients managing their investments in syndicate products.
He resides in Westchester, CA with his wife Brooke and four children, Jack, Charlie, Luke and Harper.
CRC 5489639
05/2026
He resides in Westchester, CA with his wife Brooke and four children, Jack, Charlie, Luke and Harper.
CRC 5489639
05/2026
About Andrew Schauer
Andrew Schauer is an Investment Consultant at Morgan Stanley, where he helps Ultra High Net Worth clients manage concentrated stock positions, navigate estate planning considerations, and implement strategies designed to improve tax efficiency and long-term outcomes. He takes a disciplined, analytical approach to portfolio construction and risk management, with a strong focus on aligning investment strategies to each client’s broader financial objectives.
Prior to joining Morgan Stanley, Andrew gained valuable experience at Merrill Lynch, where he worked as a financial advisor alongside seasoned advisors and developed a solid foundation in wealth management, investment analysis, and client service. His background across leading financial institutions has shaped his collaborative, solutions-oriented approach.
Andrew graduated from Providence College in Rhode Island where he earned a degree in Accounting and Finance. Andrew resides in Santa Monica. Andrew enjoys his time outside of work by going to the beach and playing roller hockey with friends and colleagues.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5211923
02/2026
Prior to joining Morgan Stanley, Andrew gained valuable experience at Merrill Lynch, where he worked as a financial advisor alongside seasoned advisors and developed a solid foundation in wealth management, investment analysis, and client service. His background across leading financial institutions has shaped his collaborative, solutions-oriented approach.
Andrew graduated from Providence College in Rhode Island where he earned a degree in Accounting and Finance. Andrew resides in Santa Monica. Andrew enjoys his time outside of work by going to the beach and playing roller hockey with friends and colleagues.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5211923
02/2026
About Tina Liu
Tina joined Morgan Stanley in 2005. Prior to joining KLT, Tina has held various management positions including Branch Administrator and Control Administrator at the Westwood Branch. Her other professional experience includes working at Citibank, N.A. as a Client Financial Analyst and at Oppenheimer Asset Management as the West Coast Regional Marketing Representative.
Tina received a B.A. from UCLA and M.B.A. from University of San Francisco. Tina enjoys baking and spending time with her family. She lives in Palos Verdes with her husband, Hans, and her three daughters, Cadence, Alyssa and Mia.
This role cannot solicit or provide investment advice
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4766422
08/2025
Tina received a B.A. from UCLA and M.B.A. from University of San Francisco. Tina enjoys baking and spending time with her family. She lives in Palos Verdes with her husband, Hans, and her three daughters, Cadence, Alyssa and Mia.
This role cannot solicit or provide investment advice
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4766422
08/2025
About April Bernardoni
April Bernardoni is a Private Wealth Management Associate, who joined Morgan Stanley’s Private Wealth Management Los Angeles team in 2016. She has been in the financial industry for 28 years working on ultra-high net worth teams within Merrill Lynch and Wells Fargo Advisors.
April holds a B.A. in English from the University of California, Los Angeles and a Masters of Public Policy from Pepperdine. She also holds Series 7 and 66 licenses.
April lives in Woodland Hills with her husband and enjoys socializing with friends, hiking, and traveling.
This role cannot solicit or provide investment advice
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5217230
02/2026
April holds a B.A. in English from the University of California, Los Angeles and a Masters of Public Policy from Pepperdine. She also holds Series 7 and 66 licenses.
April lives in Woodland Hills with her husband and enjoys socializing with friends, hiking, and traveling.
This role cannot solicit or provide investment advice
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5217230
02/2026
About Ema Avalos
In 2019, Ema joined Morgan Stanley as a Corporate Service Consultant where she provided a variety of administrative functions for 3 business units. In 2021, she joined Morgan Stanley’s Los Angeles PWM Complex as a Service Associate. During her time with PWMLA, she assisted over 15 teams with items such as onboarding, trade corrections, securities processing, and daily operations.
Ema obtained her series 7 and 66 licenses and joined the KLT team at Morgan Stanley Private Wealth Management in 2022.
Ema holds a BA in Television, Film, and Media Studies from the California State University of Los Angeles. Ema resides in Downtown Los Angeles and enjoys her time outside of work by traveling and trying new restaurants and coffee shops.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4175308
01/2025
Ema obtained her series 7 and 66 licenses and joined the KLT team at Morgan Stanley Private Wealth Management in 2022.
Ema holds a BA in Television, Film, and Media Studies from the California State University of Los Angeles. Ema resides in Downtown Los Angeles and enjoys her time outside of work by traveling and trying new restaurants and coffee shops.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4175308
01/2025
About Donatella Mancinone
Donatella Mancinone joined Morgan Stanley Private Wealth Management in August 2024 as a Registered Client Service Associate. Prior to joining Morgan Stanley, Ms. Mancinone served as a Registered Client Service Associate at UBS Financial Services. Before her time at UBS, she worked as a Client Service Associate at First Republic Investment Management where she started her career in January 2023. She holds her Series 7 and Series 66 licenses.
Ms. Mancinone graduated from Northeastern University in Boston, MA in 2022, with a degree in Business Administration and Finance. She currently resides in West Hollywood, CA. Outside of her professional responsibilities, she has a strong interest in hiking, U.S. history, and exploring the diverse offerings of Los Angeles.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
5168711
01/2026
Ms. Mancinone graduated from Northeastern University in Boston, MA in 2022, with a degree in Business Administration and Finance. She currently resides in West Hollywood, CA. Outside of her professional responsibilities, she has a strong interest in hiking, U.S. history, and exploring the diverse offerings of Los Angeles.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
5168711
01/2026
About Gavin O'Leary
Gavin O’Leary joined Morgan Stanley Private Wealth Management in July 2025 as a Client Service Associate. Previously, he worked in Wells Fargo’s Commercial Banking division for a summer internship.
Gavin graduated from Santa Clara University in June 2025 with a Bachelor’s of Science in Commerce in Finance. He lives in South Pasadena, enjoys playing soccer and basketball, and going to the beach in his free time.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4744023
08/2025
Gavin graduated from Santa Clara University in June 2025 with a Bachelor’s of Science in Commerce in Finance. He lives in South Pasadena, enjoys playing soccer and basketball, and going to the beach in his free time.
Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4744023
08/2025
Contact James Klein
Contact Rick Keller
Contact Robert Thomason
Contact Robert Lord
Contact Benn Konner
Contact Joe Emmerling
Contact Emma Olcott
Awards and Recognition
Barron's Top 250 Private Wealth Management Teams
2024-2026 Barron's Top 100 Private Wealth Management Teams (formerly referred to as Barron's Top 100 Private Wealth Management Teams, Barron's Top 50 Private Wealth Management Teams, Barron's Top 50 Private Wealth Advisory Teams) Source: Barrons.com (Awarded April 2024-2026). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
Barron's Top 100 Private Wealth Management Teams
2021-2023 Barron's Top 100 Private Wealth Management Teams (formerly referred to as Barron's Top 100 Private Wealth Management Teams, Barron's Top 50 Private Wealth Management Teams, Barron's Top 50 Private Wealth Advisory Teams) Source: Barrons.com (Awarded April 2021-2023). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
Barron's Top 1,200 Financial Advisors: State-by-State
2017-2025 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2017-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Forbes Best-In-State Wealth Management Teams
2022-2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2022-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisors
2024-2026 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2024-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes America's Top Wealth Management Teams
2022-2025 Forbes America's Top Wealth Management Teams Source: Forbes.com (Awarded 2022-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year the award was issued.
6
Wealth Management
Global Investment Office
Portfolio Insights
This is a video content
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
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.
Wealth Management for Athletes and Entertainers
Understanding the unique financial challenges of athletes and entertainers and how they differ from one profession to the next, we deliver the experience and resources you need to help create and implement a comprehensive, multigenerational wealth management plan based on your needs, values and aspirations.
- Investment Management
- Wealth Transfer & Philanthropy
- Private Banking Solutions
- Family Governance & Wealth Education
- Lifestyle Advisory
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 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.
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
2Borrowing 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.
3Tailored 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
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
2Borrowing 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.
3Tailored 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 4677197 (7/2025)
