Charles McKinney
Managing Director, Private Wealth Management
Phone:
(214) 661-7044(214) 661-7044
Morgan Stanley Private Wealth Management
McKinney|Kelton|Godat|Pechenik
Direct:
(214) 661-7096(214) 661-7096
Our Mission Statement
We are devoted to helping our clients preserve and grow their multi-generational wealth. Providing tailored advice founded on a culture of excellence and driven by global insight is what we do.
Our 8-person team provides a unique level of investment experience, combined with a deep understanding of tax, estate, and financial planning strategies, reducing the complexity of wealth management.
Our 8-person team provides a unique level of investment experience, combined with a deep understanding of tax, estate, and financial planning strategies, reducing the complexity of wealth management.
Welcome
With over 80 years of combined investment experience, our eight-person team manages an investment business that is built exclusively for ultra high net worth individuals and their families. A few key aspects about our clients and business include:
• ~ 58 families across the U.S., many of whom span multiple generations
• $4.6 billion in assets, liabilities, and notional hedges
• Clientele includes well-known and respected business leaders
• Original wealth generated in many entrepreneurial endeavors including Technology, Sports, Entertainment, Oil & Gas, and other industries
• Named in Forbes “Best-In-State Wealth Advisors 2019-2021, and America's Top Wealth Advisors 2020
We specialize in yield-driven strategies across equities, fixed income, alternative investments and structured product opportunities. Our primary goal is to preserve our clients’ principal while generating yield in today’s ‘yield-starved’ environment in the most tax-efficient manner possible.
Our team has significant experience providing single stock risk management strategies, having executed over $1 Billion in single stock hedges and overseeing 10b5-1 plans of over 10 million shares.
With CFA and CFP designations of selected team members, we also have extensive experience in wealth planning services. We advise clients in the areas of income, estate and gift tax planning, and frequently coordinate with lawyers and accountants to implement wealth plans. We operate as a boutique office within the larger platform of a global financial leader. Our team is proud of the client experience we offer, the advisory value we provide, and the parent company that stands behind us.
2019-2021 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (2019-2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2020 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded Aug 2020) Data compiled by SHOOK Research LLC based on time period from 3/31/19 - 3/31/20.
• ~ 58 families across the U.S., many of whom span multiple generations
• $4.6 billion in assets, liabilities, and notional hedges
• Clientele includes well-known and respected business leaders
• Original wealth generated in many entrepreneurial endeavors including Technology, Sports, Entertainment, Oil & Gas, and other industries
• Named in Forbes “Best-In-State Wealth Advisors 2019-2021, and America's Top Wealth Advisors 2020
We specialize in yield-driven strategies across equities, fixed income, alternative investments and structured product opportunities. Our primary goal is to preserve our clients’ principal while generating yield in today’s ‘yield-starved’ environment in the most tax-efficient manner possible.
Our team has significant experience providing single stock risk management strategies, having executed over $1 Billion in single stock hedges and overseeing 10b5-1 plans of over 10 million shares.
With CFA and CFP designations of selected team members, we also have extensive experience in wealth planning services. We advise clients in the areas of income, estate and gift tax planning, and frequently coordinate with lawyers and accountants to implement wealth plans. We operate as a boutique office within the larger platform of a global financial leader. Our team is proud of the client experience we offer, the advisory value we provide, and the parent company that stands behind us.
2019-2021 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (2019-2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2020 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded Aug 2020) Data compiled by SHOOK Research LLC based on time period from 3/31/19 - 3/31/20.
Capabilities
- Investment Management
- Consolidated Reporting
- Family Governance & Wealth Education
- Comprehensive Wealth Planning
- 10b5-(1) Programs
- Pre-Liquidity Planning
- Open-Architecture Platform
- Risk Management
- Hedging Strategies
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 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $775 billion in AUM1
- Comprising 25% of the Barron’s Top 100 Financial Advisors list for 2023
- 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, 2023
Source: Barron's.com (April 2023) 2023 Barron's Top 100 Financial Advisors awarded in 2023. This ranking was determined based on an evaluation process conducted by Barron's during the period from Dec 2020 - Dec 2021. 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 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 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
2121 North Pearl St
Ste 500
Dallas, TX 75201
US
Direct:
(214) 661-7096(214) 661-7096
Meet McKinney|Kelton|Godat|Pechenik
David Kelton, CFA
Managing Director, Private Wealth Management
Phone:
(214) 661-7014(214) 661-7014
Hayden Godat, CFP®
Executive Director, Private Wealth Management, Private Wealth Advisor
Phone:
(214) 661-7040(214) 661-7040
Barry Pechenik
Private Wealth Advisor
Phone:
(214) 661-7013(214) 661-7013
Morgan Fleming
Consulting Group Analyst
Phone:
(214) 661-7079(214) 661-7079
Ashley Bailey
Consulting Group Analyst
Phone:
(214) 661-7099(214) 661-7099
Marissa Mullens
Senior Registered Client Service Associate
Phone:
(214) 661-7096(214) 661-7096
Dylan Ham
Client Service Associate
Phone:
(214) 661-7070(214) 661-7070
About Charles McKinney
Charlie helps advise high net worth families in preparing and executing a proper asset allocation after determining cash flow, growth and risk parameters. He graduated from Southern Methodist University in 1984 and was an entrepreneur prior to starting a career in wealth management. Before joining Morgan Stanley, Charlie worked for Credit Suisse for seven years, Goldman, Sachs & Co. for eight years and UBS Financial Services for five years. In 2001, Charlie founded The Heroes Foundation in order to develop self-confidence, character and ambitious goals for Dallas-area children. Charlie and his wife, Tonya reside in Dallas and have three children.
Securities Agent: NJ, WY, TX, DC, MT, IL, CO, CA, AL, PR, MI, NV, NC, ID, HI, GA, WA, NY, FL, DE, CT, WI, UT, KS, AZ, SC, TN, PA, OK; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 2648027
NMLS#: 2648027
About David Kelton
David specializes in advising high net worth individuals and families in the areas of asset allocation, derivatives and fixed income. He graduated from Baylor University in 1997 with a BBA in Finance and Economics. David earned his Chartered Financial Analyst (CFA) designation in 2001. Before joining Morgan Stanley, he was with Credit Suisse for seven years and an investment advisor for Goldman, Sachs & Co. and UBS Financial Services. David resides in Dallas with his two children.
Securities Agent: IL, DC, WY, NV, NY, HI, DE, WI, AL, UT, ID, CO, WA, TN, MI, CT, NJ, GA, PA, KS, CA, SC, PR, NC, MT, FL, TX, OK, AZ; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 2651567
NMLS#: 2651567
About Hayden Godat
Hayden joined Morgan Stanley after spending seven years at Credit Suisse. Prior to working at Credit Suisse, he interned with the team at UBS Financial Services in 2007. Hayden graduated with honors from the University of Texas at Austin with a BBA in Finance from the McCombs School of Business and a BA in Liberal Arts - Plan II Honors. Hayden obtained his CERTIFIED FINANCIAL PLANNER™ certification in 2011. He and his wife, Sarah, have four children.
Securities Agent: PA, CA, AZ, FL, DC, WY, NJ, MI, DE, NY, MT, KS, GA, CT, TX, SC, HI, IL, WA, TN, OK, NC, ID, AL, WI, NV, CO, UT, PR; General Securities Representative; Investment Advisor Representative
NMLS#: 2639012
NMLS#: 2639012
About Barry Pechenik
Barry has over 32 years of experience in the financial services industry prior to joining Morgan Stanley Private Wealth Management in 2015. His experience includes 20 years of trading fixed income securities for Institutional clients while at Lehman Brothers and Goldman Sachs. The past 12 years have been spent advising and managing the wealth for UHNW families at Goldman Sachs, UBS, and Credit Suisse. Barry graduated from Union College in 1981 with a B.A. in Economics. He and his wife, Tracy, have two children.
Securities Agent: NY, WA, UT, MI, AZ, NC, CT, DE, DC, WY, SC, PA, KS, ID, GA, FL, OK, MT, HI, CA, AL, WI, NV, IL, TX, PR, NJ, CO, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 2651835
NMLS#: 2651835
Contact Charles McKinney
Contact David Kelton
Contact Hayden Godat
Contact Barry Pechenik
Private Wealth Management
Professional Insights
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Wealth Management
Global Investment Office
Portfolio Insights
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
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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
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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.
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.
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 6295606 (3/2024)
