Greg Royse
Executive Director, Financial Advisor, Senior Portfolio Management Director, Family Wealth Advisor, Lending Specialist
Phone:
(650) 496-4250(650) 496-4250
Montage Group of Silicon Valley at Morgan Stanley
Greg RoyseDanielle Aldama, CFP®, CDFA®, ADPA®, ChSNC®, QPFCMike KrigelDavid Finston, CFP®, CPWA®Jezza PimentelJustin YipVanessa ZapantaTanvi Devarakonda
Direct:
(650) 496-4250(650) 496-4250
Toll-Free:
(800) 388-4930(800) 388-4930
Our Mission Statement
We bring together every part of your financial life – planning, investing, and everything in between – into one unique, clear story: your personal montage.
GLOBAL STRENGTH, SILICON VALLEY ROOTS, YOUR STORY
The Montage Group of Silicon Valley at Morgan Stanley is a Palo Alto-based wealth management team helping individuals and families bring the many pieces of their financial lives together.
To make a movie, directors take countless short scenes and weave them into one cohesive story – a montage.
We believe financial lives work much the same way. Investments may be one piece, but so are equity compensation, taxes, retirement, insurance, estate planning, lending, family needs and the unexpected decisions life puts in front of you.
Our job is to help you see the whole picture, the “montage” if you will, bringing together planning, investing, implementation and the resources that may be needed along the way. And because financial decisions rarely exist in isolation, we look beyond the question you’re asking today to help identify the questions you may need to consider tomorrow.
As part of Morgan Stanley, you get the attention and continuity of a dedicated Silicon Valley team backed by the global resources, research and capabilities of one of the world’s leading financial firms.
We know building wealth matters. But so, too, does keeping more of what you’ve built, and making thoughtful decisions about what comes next.
Here are five of our most requested services:
1. Equity Compensation
2. Tax-Smart Strategies
3. Alternative Investments
4. Retirement/Generational Planning
5. Suddenly Solely Responsible Savvy Women
Take, for instance, our “Solely Responsible Savvy Women” niche. These are clients navigating financial independence after divorce, loss, or other life changes. In these moments, the question is often, “What happens next?” We remind you that it’s okay to not have every answer, and that you are resilient, resourceful, and uniquely capable. Our role is to help you make confident financial decisions and guide you through the new complexities every step of way.
While this work grew from our experience helping women navigate financial responsibility on their own, many of the same questions arise for anyone suddenly facing financial decisions they shared with someone else.
As a multigenerational team, we bring different experiences and perspectives to the table, backed by the global strength and innovation of Morgan Stanley. But we work from the same premise: Your financial life is one story.
Our job is to help you understand how the pieces fit together, keep that story up to date and help you move forward with confidence, so you can live your version of “happily ever after.”
The Montage Group of Silicon Valley at Morgan Stanley
1400 Page Mill Road, Palo Alto, California, 94304
themontagegroup@MorganStanley.com 650-496-4250
To make a movie, directors take countless short scenes and weave them into one cohesive story – a montage.
We believe financial lives work much the same way. Investments may be one piece, but so are equity compensation, taxes, retirement, insurance, estate planning, lending, family needs and the unexpected decisions life puts in front of you.
Our job is to help you see the whole picture, the “montage” if you will, bringing together planning, investing, implementation and the resources that may be needed along the way. And because financial decisions rarely exist in isolation, we look beyond the question you’re asking today to help identify the questions you may need to consider tomorrow.
As part of Morgan Stanley, you get the attention and continuity of a dedicated Silicon Valley team backed by the global resources, research and capabilities of one of the world’s leading financial firms.
We know building wealth matters. But so, too, does keeping more of what you’ve built, and making thoughtful decisions about what comes next.
Here are five of our most requested services:
1. Equity Compensation
2. Tax-Smart Strategies
3. Alternative Investments
4. Retirement/Generational Planning
5. Suddenly Solely Responsible Savvy Women
Take, for instance, our “Solely Responsible Savvy Women” niche. These are clients navigating financial independence after divorce, loss, or other life changes. In these moments, the question is often, “What happens next?” We remind you that it’s okay to not have every answer, and that you are resilient, resourceful, and uniquely capable. Our role is to help you make confident financial decisions and guide you through the new complexities every step of way.
While this work grew from our experience helping women navigate financial responsibility on their own, many of the same questions arise for anyone suddenly facing financial decisions they shared with someone else.
As a multigenerational team, we bring different experiences and perspectives to the table, backed by the global strength and innovation of Morgan Stanley. But we work from the same premise: Your financial life is one story.
Our job is to help you understand how the pieces fit together, keep that story up to date and help you move forward with confidence, so you can live your version of “happily ever after.”
The Montage Group of Silicon Valley at Morgan Stanley
1400 Page Mill Road, Palo Alto, California, 94304
themontagegroup@MorganStanley.com 650-496-4250
Services Include
- Financial PlanningFootnote1
- Wealth ManagementFootnote2
- Estate Planning StrategiesFootnote3
- Trust ServicesFootnote4
- Divorce Financial AnalysisFootnote5
- Planning for Education FundingFootnote6
- Long Term Care InsuranceFootnote7
- Professional Portfolio ManagementFootnote8
- 401(k) Rollovers
- Retirement PlanningFootnote9
- Cash Management and Lending ProductsFootnote10
- Business Succession PlanningFootnote11
- Stock Option PlansFootnote12
- Alternative InvestmentsFootnote13
- Philanthropic ManagementFootnote14
- Asset Management
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Solutions Tailored To Your Situation
We build long-term relationships with a broad range of clients, always with exceptional care and professionalism. Our goal is to give you the confidence to navigate a complex financial world with personalized service, transparency, and decades of experience behind you.
When Financial Life Gets Complicated
Our clients don’t all look alike. What they often share is financial complexity. Sometimes that complexity builds over time; sometimes one event changes everything. Either way, decisions that once seemed separate can begin to affect one another That’s when seeing the whole picture matters.
When Wealth Becomes a Family Matter
Investments are only one part of the picture. Family, legacy, taxes, risk, philanthropy and the next generation can all intersect.
When Business Wealth and Personal Wealth Become Inseparable
Business decisions can affect retirement, family, liquidity, taxes and legacy. We help consider both sides of the balance sheet.
When Compensation Becomes Complicated
Equity awards, concentrated stock, benefits, taxes and career decisions can create significant opportunities—and significant complexity.
When the Financial Plan Suddenly Changes
Retirement, divorce, loss, inheritance, career changes and other transitions can make yesterday’s plan obsolete.
When Financial Responsibility Becomes Yours
Our “Solely Responsible Savvy Women” niche.
When One Financial Event Changes Everything Else
Selling a business, company stock or real estate isn’t simply a transaction. It can reshape investments, taxes, cash flow, estate planning and what comes next.
Planning and Investing Are Most Useful When They Inform One Another.
A portfolio doesn’t exist separately from the rest of your financial life. Taxes can affect an investment decision. Equity compensation can change your risk. A business sale can reshape an estate plan. Retirement can alter everything from cash flow to how much investment risk makes sense. Our approach is to understand those connections before recommending what comes next.
Start With Your Life, Not Your Portfolio
We begin by understanding what you’re trying to accomplish, what you own, what you owe, what concerns you and who may be affected by your decisions. We look at your financial resources, liabilities, time horizon, cash-flow needs and tolerance for risk—but also at the circumstances behind the numbers.
Build the Plan Around the Whole Picture
We bring together the parts of your financial life that may influence one another: investments, retirement, equity compensation, taxes, estate planning, insurance, lending needs, family priorities and other considerations. Where appropriate, we coordinate with your tax and legal professionals so decisions can be considered in context.
Invest With the Plan in Mind
Your investment strategy should reflect the life it is intended to support. We build and manage portfolios around your objectives, time horizon, liquidity needs and risk considerations. For clients with concentrated stock, equity compensation or other complex holdings, that may also mean carefully evaluating diversification, tax implications and the tradeoffs involved in making a change.
Keep Adjusting as Life Changes
A financial plan isn’t something we finish and put on a shelf. We review progress, monitor investments, implement agreed-upon strategies and revisit assumptions as markets, tax laws, family circumstances and priorities change. Sometimes the most important work begins when something happens that wasn’t in the original plan. The goal is not simply to manage your investments. It’s to help you make financial decisions with a clearer understanding of how the pieces fit together.
Things You Might've Missed
We hope you can join us for these upcoming events!
Alternative Investments: Innovative Strategies for Your Portfolio
We get a lot of questions about “Alternative Investments” – what are they and are they worth it to get into? The answer, of course, is “maybe.” Another term for this other “AI” is “Private markets.” This 2.5 minute video we've included does an excellent job at explaining what Alternative Investments are, and why they may be appropriate for you.
Watch The Video Here
Tax-Smart Investing: Total Tax 365
An educational series with 5 videos regarding Tax-Smart Investing:
1. Why Choose Tax-Aware Investing?
2. Tax Management Service
3. Exchange Funds
4. Direct Indexing
5. Intelligent Withdrawals
This video series demonstrates how the right combination of strategies may help you potentially achieve your financial goals faster.
Watch Here1. Why Choose Tax-Aware Investing?
2. Tax Management Service
3. Exchange Funds
4. Direct Indexing
5. Intelligent Withdrawals
This video series demonstrates how the right combination of strategies may help you potentially achieve your financial goals faster.
Financial Literacy: Your Guide
Financial literacy means being equipped with the knowledge to make smart financial decisions during every stage of your life. No matter your current priorities, a strong financial literacy foundation can help you meet your goals.
Access the Resource HereAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
1400 Page Mill Road
Palo Alto, CA 94304
US
Direct:
(650) 496-4250(650) 496-4250
Toll-Free:
(800) 388-4930(800) 388-4930
Meet Montage Group of Silicon Valley
Danielle Aldama, CFP®, CDFA®, ADPA®, ChSNC®, QPFC
Senior Vice President, Financial Advisor, Portfolio Management Director, Workplace Advisor - Equity Compensation
Phone:
(650) 496-4251(650) 496-4251
Mike Krigel
Senior Vice President, Financial Advisor, Family Wealth Advisor, Portfolio Manager
Phone:
(650) 234-5177(650) 234-5177
Phone:
(650) 496-3909(650) 496-3909
Jezza Pimentel
Vice President, Businesss Development Director, Financial Planning Specialist
Phone:
(650) 856-4536(650) 856-4536
Justin Yip
Associate Vice President, Director of Investments
Phone:
(650) 234-5184(650) 234-5184
Vanessa Zapanta
Registered Client Service Associate
Phone:
(650) 496-4278(650) 496-4278
Tanvi Devarakonda
Registered Client Service Associate
Phone:
(650) 496-3926(650) 496-3926
About Greg Royse
Greg founded the Montage Group around a simple observation: As people become more successful, more parts of their financial lives begin to affect one another.
An investment decision may affect taxes. Equity compensation may affect diversification and retirement. A business decision may affect a family’s estate plan. And sometimes the most important financial issue is one a client hasn’t thought to ask about yet.
Growing up in Silicon Valley afforded him the opportunity to be surrounded by world-changing start-ups, affluent individuals, and venture capitalists. He learned firsthand about the multi-dimensional aspects of accumulating, preserving, and distributing wealth, which he now shares with his clients.
One of Greg’s many areas of focus is Equity Compensation. He enjoys educating both novices and veterans on how to maximize the value of what is often a large portion of their net worth. This includes the many ways to diversify out of different holdings and the value of having a well thought out plan. Providing resources and investment strategies to address the often-confusing tax implications are woven into clients’ financial plans.
Greg’s first job was pulling weeds in 3rd grade at the local shopping center. From there, he refereed various sports activities, worked at a local campground, and mastered all facets of the food service industry. These experiences cultivated a strong work ethic which enabled him to save his first few nickels and begin his investment journey. After graduating from UCLA with dual degrees in economics and business, Greg went straight into the financial advising business. He has been helping families achieve their goals ever since.
At Morgan Stanley, he holds the titles of Executive Director and has earned Morgan Stanley designations of Workplace Advisor, Family Wealth Advisor, Lending Specialist, and Senior Portfolio Management Director – all of which required extensive advanced training. And quite often the firm calls on him for training many top advisors on various advanced strategies.
Greg and his wife Tricia split their time between The Bay Area and San Diego. They have two adult daughters, both of whom are seeking advanced degrees. Greg enjoys spending time outdoors – especially on the golf course and soccer field. He is an enthusiast for many sports and plans to get back into youth coaching someday, but for now gives back through The Positive Coaching Alliance in addition to various other charitable organizations.
An investment decision may affect taxes. Equity compensation may affect diversification and retirement. A business decision may affect a family’s estate plan. And sometimes the most important financial issue is one a client hasn’t thought to ask about yet.
Growing up in Silicon Valley afforded him the opportunity to be surrounded by world-changing start-ups, affluent individuals, and venture capitalists. He learned firsthand about the multi-dimensional aspects of accumulating, preserving, and distributing wealth, which he now shares with his clients.
One of Greg’s many areas of focus is Equity Compensation. He enjoys educating both novices and veterans on how to maximize the value of what is often a large portion of their net worth. This includes the many ways to diversify out of different holdings and the value of having a well thought out plan. Providing resources and investment strategies to address the often-confusing tax implications are woven into clients’ financial plans.
Greg’s first job was pulling weeds in 3rd grade at the local shopping center. From there, he refereed various sports activities, worked at a local campground, and mastered all facets of the food service industry. These experiences cultivated a strong work ethic which enabled him to save his first few nickels and begin his investment journey. After graduating from UCLA with dual degrees in economics and business, Greg went straight into the financial advising business. He has been helping families achieve their goals ever since.
At Morgan Stanley, he holds the titles of Executive Director and has earned Morgan Stanley designations of Workplace Advisor, Family Wealth Advisor, Lending Specialist, and Senior Portfolio Management Director – all of which required extensive advanced training. And quite often the firm calls on him for training many top advisors on various advanced strategies.
Greg and his wife Tricia split their time between The Bay Area and San Diego. They have two adult daughters, both of whom are seeking advanced degrees. Greg enjoys spending time outdoors – especially on the golf course and soccer field. He is an enthusiast for many sports and plans to get back into youth coaching someday, but for now gives back through The Positive Coaching Alliance in addition to various other charitable organizations.
Securities Agent: MO, MD, WA, KS, GA, DC, AZ, MI, CO, RI, NY, ME, ID, CA, OH, DE, MS, WI, NM, NC, AK, VA, PA, NV, IL, FL, UT, TX, OR, NJ, MT; General Securities Representative; Investment Advisor Representative
NMLS#: 1252961
CA Insurance License #: 0B24088
NMLS#: 1252961
CA Insurance License #: 0B24088
About Danielle Aldama
Danielle has always been a planner.
She grew up in Silicon Valley, fortunate to attend Archbishop Mitty High School, which gave her a better understanding of lifestyle disparity. Be it financially or emotionally, many of her classmates struggled while others did not. She fit somewhere in between, developing a certain empathy for both. She realized, she says, that even those who seemed to have it all, often did not. “Empathy” would later become a fundamental part of her Financial Planning practice.
Danielle also planned carefully for her athletic routines and getting into college. Until early adulthood, she competed across the country in world class artistic roller-skating competitions. At Santa Clara University, she graduated Magna Cum Laude, studying business and economics. She paid for college almost exclusively via grants, scholarships, and student loans, and is now a member of the University’s Alumni Association.
Her first job was as a financial advisor at a Trust and Investment firm, reading more estate planning documents than one could ever imagine. In 2006, she connected with Greg Royse, and a partnership was born.
Danielle’s knowledge about financial planning is deep and wide. She holds many industry certifications, which reflects her drive to constantly learn and better the lives of clients and their families. Please see below for explanations about those certifications.
She and her husband have four children and a miniature Bernedoodle named Tilly. The family attends and participates in multiple sporting events, with hockey, soccer, and softball topping their list.
+++++++++
CERTIFIED FINANCIAL PLANNER® (CFP®) – Designation indicating she has completed the required coursework and passed a rigorous exam, while maintaining the certification through continuing education.
CERTIFIED DIVORCE & FINANCIAL ANALYST® (CDFA® ) – Indicates her understanding of financial issues for divorce cases, which includes the financial implications of different divorce settlement proposals.
CHARTERED SPECIAL NEEDS CONSULTANT® (ChSNC®) – Designation reflecting her knowledge of the unique financial planning considerations for individuals with special needs and their families, including special needs trust, estate planning, insurance and healthcare considerations.
QUALIFIED PLAN FINANCIAL CONSULTANT (QPFC) – Designation reflecting her knowledge of employer-sponsored retirement plans, including 401(k) plans, and the considerations involved in help plan sponsors and participants navigate them.
ACCREDITED DOMESTIC PARTNERSHIP ADVISOR℠ (ADPA®) – Designation that focuses on the unique investment planning needs of couples who are considered unmarried under state law, federal law, or both.
WORKPLACE ADVISOR - A Morgan Stanley title, it indicates she’s had advance training in assisting clients regarding their grants/awards, vesting events, restricted stock units, and overall workplace benefits.
She grew up in Silicon Valley, fortunate to attend Archbishop Mitty High School, which gave her a better understanding of lifestyle disparity. Be it financially or emotionally, many of her classmates struggled while others did not. She fit somewhere in between, developing a certain empathy for both. She realized, she says, that even those who seemed to have it all, often did not. “Empathy” would later become a fundamental part of her Financial Planning practice.
Danielle also planned carefully for her athletic routines and getting into college. Until early adulthood, she competed across the country in world class artistic roller-skating competitions. At Santa Clara University, she graduated Magna Cum Laude, studying business and economics. She paid for college almost exclusively via grants, scholarships, and student loans, and is now a member of the University’s Alumni Association.
Her first job was as a financial advisor at a Trust and Investment firm, reading more estate planning documents than one could ever imagine. In 2006, she connected with Greg Royse, and a partnership was born.
Danielle’s knowledge about financial planning is deep and wide. She holds many industry certifications, which reflects her drive to constantly learn and better the lives of clients and their families. Please see below for explanations about those certifications.
She and her husband have four children and a miniature Bernedoodle named Tilly. The family attends and participates in multiple sporting events, with hockey, soccer, and softball topping their list.
+++++++++
CERTIFIED FINANCIAL PLANNER® (CFP®) – Designation indicating she has completed the required coursework and passed a rigorous exam, while maintaining the certification through continuing education.
CERTIFIED DIVORCE & FINANCIAL ANALYST® (CDFA® ) – Indicates her understanding of financial issues for divorce cases, which includes the financial implications of different divorce settlement proposals.
CHARTERED SPECIAL NEEDS CONSULTANT® (ChSNC®) – Designation reflecting her knowledge of the unique financial planning considerations for individuals with special needs and their families, including special needs trust, estate planning, insurance and healthcare considerations.
QUALIFIED PLAN FINANCIAL CONSULTANT (QPFC) – Designation reflecting her knowledge of employer-sponsored retirement plans, including 401(k) plans, and the considerations involved in help plan sponsors and participants navigate them.
ACCREDITED DOMESTIC PARTNERSHIP ADVISOR℠ (ADPA®) – Designation that focuses on the unique investment planning needs of couples who are considered unmarried under state law, federal law, or both.
WORKPLACE ADVISOR - A Morgan Stanley title, it indicates she’s had advance training in assisting clients regarding their grants/awards, vesting events, restricted stock units, and overall workplace benefits.
Securities Agent: OR, ME, AK, PA, AL, DC, GA, WA, ID, DE, VA, MI, FL, UT, TX, RI, NJ, NC, MO, WI, NV, MD, OH, MT, AZ, NY, NM, KS, IL, CO, CA, MS; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1297810
CA Insurance License #: 0F67861
NMLS#: 1297810
CA Insurance License #: 0F67861
About Mike Krigel
Mike’s favorite question has long been “Please tell me your story, how you became you.”
He asked it for years as a journalist, and he still asks it as a financial advisor. Because before Mike can help someone make sense of a complicated financial life, he wants to understand what that life is about.
Mike came to Morgan Stanley after a career in Silicon Valley in journalism and media management. That experience taught him to ask questions, listen carefully and distill complex subjects into ideas people can understand and act on. They’re skills he finds just as useful in wealth management.
Mike holds Morgan Stanley’s Family Wealth Advisor designation and works with clients who want to protect and grow their wealth across generations while keeping their family’s goals and values at the center of the conversation. He recognizes that financial decisions rarely stand alone. An investment decision may affect taxes. Estate planning may raise difficult family questions. A liquidity event may change what’s possible for the next generation. And sometimes the most important issue is one a client hasn’t thought to ask about yet.
Part of Mike’s work includes facilitating family conversations about the complexities of transferring wealth. Nothing is assumed. He creates a safe space for differing perspectives and helps families consider investment and estate planning strategies designed to support meaningful and engaged lives across generations.
Even serious conversations are approached with respect – and gentle humor. Mike isn’t above a bad dad joke or an awful pun. He recognizes that conversations about life’s “what-ifs” can create anxiety and believes a little humor can put people at ease and help build trust.
Mike was recruited by Morgan Stanley in 2009. He was born and raised in Kansas City, where he spent many summers working at his grandfather’s powdered egg facility. He went west for college—undergrad, with wild hair, at UC Berkeley, followed by an MBA, with considerably shorter hair, from Stanford Graduate School of Business.
An avid cyclist, swimmer and yoga enthusiast (the latter allows for the former two), Mike has served on several nonprofit boards. His wife, Patty, is a psychologist. They live in Palo Alto, where they raised their four sons and many dogs.
He asked it for years as a journalist, and he still asks it as a financial advisor. Because before Mike can help someone make sense of a complicated financial life, he wants to understand what that life is about.
Mike came to Morgan Stanley after a career in Silicon Valley in journalism and media management. That experience taught him to ask questions, listen carefully and distill complex subjects into ideas people can understand and act on. They’re skills he finds just as useful in wealth management.
Mike holds Morgan Stanley’s Family Wealth Advisor designation and works with clients who want to protect and grow their wealth across generations while keeping their family’s goals and values at the center of the conversation. He recognizes that financial decisions rarely stand alone. An investment decision may affect taxes. Estate planning may raise difficult family questions. A liquidity event may change what’s possible for the next generation. And sometimes the most important issue is one a client hasn’t thought to ask about yet.
Part of Mike’s work includes facilitating family conversations about the complexities of transferring wealth. Nothing is assumed. He creates a safe space for differing perspectives and helps families consider investment and estate planning strategies designed to support meaningful and engaged lives across generations.
Even serious conversations are approached with respect – and gentle humor. Mike isn’t above a bad dad joke or an awful pun. He recognizes that conversations about life’s “what-ifs” can create anxiety and believes a little humor can put people at ease and help build trust.
Mike was recruited by Morgan Stanley in 2009. He was born and raised in Kansas City, where he spent many summers working at his grandfather’s powdered egg facility. He went west for college—undergrad, with wild hair, at UC Berkeley, followed by an MBA, with considerably shorter hair, from Stanford Graduate School of Business.
An avid cyclist, swimmer and yoga enthusiast (the latter allows for the former two), Mike has served on several nonprofit boards. His wife, Patty, is a psychologist. They live in Palo Alto, where they raised their four sons and many dogs.
Securities Agent: GA, MD, UT, NC, ID, RI, NV, MI, MA, IL, WA, VA, NM, NJ, AK, PA, OH, NY, MT, CA, DC, AZ, TX, MS, CO, WI, OR, KS, FL, DE, MO; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1268354
CA Insurance License #: 1268354
NMLS#: 1268354
CA Insurance License #: 1268354
About David Finston
David believes that building wealth and keeping it are two very different challenges.
For many of the people David works with, wealth didn’t arrive according to a carefully constructed financial plan. It accumulated over time through their careers, often in the form of company stock, until one day they looked at their balance sheet and realized two things: they had become quite successful, and an outsized portion of everything they had built was tied to a single company.
That creates a dilemma David knows well. Holding a concentrated stock position can expose someone to more risk than they are comfortable taking. Selling it may reduce that risk but can also create significant tax consequences.
David specializes in helping individuals with concentrated stock positions navigate that tradeoff.
He joined the Montage Group as a Financial Advisor in early 2025. He previously worked at Morgan Stanley’s subsidiary, E*TRADE, as an Executive Relationship Manager, guiding clients through investment strategies and tax-efficient approaches to equity compensation.
A Marin County native, David spent many childhood summers at the City of Berkeley Family Camp – Camp Tuolumne – near Yosemite National Park. He was the fourth generation of his family to enjoy this culturally and economically diverse summer retreat, which helped shape his values and perspective.
David studied Environmental Science at Humboldt State University in Arcata, then served two years with AmeriCorps, tutoring and mentoring at-risk youth. His early career took him through a variety of roles – from working as a chemist at a water testing facility to selling motorcycles at Harley-Davidson, where he sharpened his relationship skills and discovered a love for connecting with people.
He is a Certified Financial Planner (CFP), and a Certified Private Wealth Advisor (CPWA).
He lives in Pacifica, where he surfs regularly – sometimes alongside dolphins or the occasional whale. He is an enthusiastic cyclist and enjoys traveling with his girlfriend Jessie, a biologist. Ask him about their ragdoll cat, Eros, and he’ll gladly share photos.
For many of the people David works with, wealth didn’t arrive according to a carefully constructed financial plan. It accumulated over time through their careers, often in the form of company stock, until one day they looked at their balance sheet and realized two things: they had become quite successful, and an outsized portion of everything they had built was tied to a single company.
That creates a dilemma David knows well. Holding a concentrated stock position can expose someone to more risk than they are comfortable taking. Selling it may reduce that risk but can also create significant tax consequences.
David specializes in helping individuals with concentrated stock positions navigate that tradeoff.
He joined the Montage Group as a Financial Advisor in early 2025. He previously worked at Morgan Stanley’s subsidiary, E*TRADE, as an Executive Relationship Manager, guiding clients through investment strategies and tax-efficient approaches to equity compensation.
A Marin County native, David spent many childhood summers at the City of Berkeley Family Camp – Camp Tuolumne – near Yosemite National Park. He was the fourth generation of his family to enjoy this culturally and economically diverse summer retreat, which helped shape his values and perspective.
David studied Environmental Science at Humboldt State University in Arcata, then served two years with AmeriCorps, tutoring and mentoring at-risk youth. His early career took him through a variety of roles – from working as a chemist at a water testing facility to selling motorcycles at Harley-Davidson, where he sharpened his relationship skills and discovered a love for connecting with people.
He is a Certified Financial Planner (CFP), and a Certified Private Wealth Advisor (CPWA).
He lives in Pacifica, where he surfs regularly – sometimes alongside dolphins or the occasional whale. He is an enthusiastic cyclist and enjoys traveling with his girlfriend Jessie, a biologist. Ask him about their ragdoll cat, Eros, and he’ll gladly share photos.
Securities Agent: NC, MO, IN, FL, WY, PA, NV, NM, HI, GA, DE, CT, WI, WA, VI, OH, ND, MN, VT, MA, WV, SD, RI, NY, NH, MI, ME, MD, AL, LA, KY, IA, CA, AK, MS, KS, PR, ID, AZ, AR, UT, TN, SC, OK, NE, MT, IL, DC, CO, VA, OR, TX, NJ; General Securities Representative; Investment Advisor Representative
NMLS#: 1922581
CA Insurance License #: 0M85072
NMLS#: 1922581
CA Insurance License #: 0M85072
About Jezza Pimentel
Jezza is a Vice President and Business Development Director who leads the team’s business development initiatives, manages team operations, and helps connect the client service and business development functions. As a Financial Planning Specialist, she works with executives and high-net-worth clients on the complexities of their financial lives.
Jezza has particular experience working with executives on equity compensation and concentrated company stock, including 10b5-1 plans. She works closely with clients to coordinate equity compensation strategies with their broader financial plans, helping them consider how their company stock, liquidity needs, and longer-term financial objectives fit together.
Jezza joined Morgan Stanley in 2019. Previously, she served as a Private Client Investment Associate at J.P. Morgan and a Senior Advisor Associate at BancWest Investment Services.
Outside the office, Jezza enjoys hiking, sports and fitness, mixed martial arts, pulling muscles (not…but happens anyway), spending time with her golden retriever, and volunteering with nonprofit organizations.
Jezza has particular experience working with executives on equity compensation and concentrated company stock, including 10b5-1 plans. She works closely with clients to coordinate equity compensation strategies with their broader financial plans, helping them consider how their company stock, liquidity needs, and longer-term financial objectives fit together.
Jezza joined Morgan Stanley in 2019. Previously, she served as a Private Client Investment Associate at J.P. Morgan and a Senior Advisor Associate at BancWest Investment Services.
Outside the office, Jezza enjoys hiking, sports and fitness, mixed martial arts, pulling muscles (not…but happens anyway), spending time with her golden retriever, and volunteering with nonprofit organizations.
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About Justin Yip
Justin is analytical by nature. He likes data, asks a lot of questions and looks closely at the assumptions behind an investment decision.
As Director of Investments for the Montage Group, Justin focuses on the investment side of clients’ financial lives. He works with clients and the team’s advisors to build and monitor portfolios that reflect each client’s objectives, time horizon, liquidity needs, and tolerance for risk.
Justin has worked in the investment industry since 2009 and joined the team in 2015. He reviews portfolios and investment strategies, evaluates asset allocation and manager selection, and considers when rebalancing or other adjustments may be appropriate. He also draws on Morgan Stanley’s research, technology and investment resources in that work.
But investments rarely exist in isolation. A portfolio may need to support retirement, accommodate concentrated stock, provide liquidity for a future need or fit alongside tax and estate planning considerations. Justin works closely with the team to consider investment decisions in the context of each client’s broader financial plan.
Justin grew up in Los Angeles and moved to the Bay Area to attend Santa Clara University, where he earned his bachelor’s degree in finance.
Outside the office, his interests are considerably less concentrated. He enjoys hiking, cycling, rock climbing, basketball, tennis and golf, as well as beaches and parks, museums, live theater, and movies. He’s also an enthusiast restaurant-goer, and a devoted sports fan.
As Director of Investments for the Montage Group, Justin focuses on the investment side of clients’ financial lives. He works with clients and the team’s advisors to build and monitor portfolios that reflect each client’s objectives, time horizon, liquidity needs, and tolerance for risk.
Justin has worked in the investment industry since 2009 and joined the team in 2015. He reviews portfolios and investment strategies, evaluates asset allocation and manager selection, and considers when rebalancing or other adjustments may be appropriate. He also draws on Morgan Stanley’s research, technology and investment resources in that work.
But investments rarely exist in isolation. A portfolio may need to support retirement, accommodate concentrated stock, provide liquidity for a future need or fit alongside tax and estate planning considerations. Justin works closely with the team to consider investment decisions in the context of each client’s broader financial plan.
Justin grew up in Los Angeles and moved to the Bay Area to attend Santa Clara University, where he earned his bachelor’s degree in finance.
Outside the office, his interests are considerably less concentrated. He enjoys hiking, cycling, rock climbing, basketball, tennis and golf, as well as beaches and parks, museums, live theater, and movies. He’s also an enthusiast restaurant-goer, and a devoted sports fan.
About Vanessa Zapanta
Vanessa likes making things easier for people.
As a Client Service Associate with the Montage Group, she handles many of the details that keep clients’ financial lives moving forward. She helps with onboarding, coordinates account and operational requests, and works through the questions and issues that arise along the way.
Vanessa has a particular knack for knowing the history behind a client request. Before reaching out, she’ll often review previous conversations and correspondence, so she understands what has already happened and what needs to happen next. Combined with the relationships she has built with clients, that helps her anticipate needs rather than simply respond to them.
Since joining the Montage Group at Morgan Stanley in 2021, Vanessa’s role has continued to grow. She has taken on more complex assignments and become a resource for newer team members, sharing what she has learned about client service, problem-solving and the team’s processes.
Outside of work, Vanessa and her partner Kyle spend a lot of time with their two French bulldogs, Paxton and Beau. They love traveling, learning about history, culture and architecture, and getting outdoors to places such as Sequoia and Yosemite.
As a Client Service Associate with the Montage Group, she handles many of the details that keep clients’ financial lives moving forward. She helps with onboarding, coordinates account and operational requests, and works through the questions and issues that arise along the way.
Vanessa has a particular knack for knowing the history behind a client request. Before reaching out, she’ll often review previous conversations and correspondence, so she understands what has already happened and what needs to happen next. Combined with the relationships she has built with clients, that helps her anticipate needs rather than simply respond to them.
Since joining the Montage Group at Morgan Stanley in 2021, Vanessa’s role has continued to grow. She has taken on more complex assignments and become a resource for newer team members, sharing what she has learned about client service, problem-solving and the team’s processes.
Outside of work, Vanessa and her partner Kyle spend a lot of time with their two French bulldogs, Paxton and Beau. They love traveling, learning about history, culture and architecture, and getting outdoors to places such as Sequoia and Yosemite.
About Tanvi Devarakonda
Tanvi joined The Montage Group as a Registered Client Service Associate after relocating to the Bay Area to be closer to family. Prior to joining the firm, she worked as a Junior Financial Planner at a Michigan-based advisory practice. She was drawn to the Montage Group’s collaborative culture and diverse client base, which aligns closely with her commitment to helping clients navigate important financial decisions with care and clarity.
Having lived across three continents, Tanvi brings a global perspective to her work. She grew up in Bangalore, India, completed much of her high school education in Washington State, and later earned her Bachelor’s degree in Economics and International Business from the University of Sydney in Australia.
Outside the office, Tanvi enjoys staying active through running, tennis, and yoga. She is happiest near the water, and values mindfulness, personal growth, and staying connected with family and friends.
Having lived across three continents, Tanvi brings a global perspective to her work. She grew up in Bangalore, India, completed much of her high school education in Washington State, and later earned her Bachelor’s degree in Economics and International Business from the University of Sydney in Australia.
Outside the office, Tanvi enjoys staying active through running, tennis, and yoga. She is happiest near the water, and values mindfulness, personal growth, and staying connected with family and friends.
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"Our advisors at Morgan Stanley have supported our family through many financial milestones. We value the time they take to listen, understand our changing needs, and help us think through important financial decisions."
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The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
About Thomas Chi
Thomas Chi is a Private Banker serving Morgan Stanley Wealth Management offices in California.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Thomas began his career in financial services in 2007, and joined Morgan Stanley in 2014 as an Associate Private Banker. Prior to joining the firm, he was a Citigold Relationship Manager at Citibank.
Thomas is a graduate of California State University at East Bay, where he received a Bachelor of Science in Business Administration, with concentrations in Finance and Corporate Management. He lives in Redwood Shores, California. Outside of the office, Thomas enjoys mentoring, golfing, playing pickleball, traveling and engaging in board games with his family.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Thomas began his career in financial services in 2007, and joined Morgan Stanley in 2014 as an Associate Private Banker. Prior to joining the firm, he was a Citigold Relationship Manager at Citibank.
Thomas is a graduate of California State University at East Bay, where he received a Bachelor of Science in Business Administration, with concentrations in Finance and Corporate Management. He lives in Redwood Shores, California. Outside of the office, Thomas enjoys mentoring, golfing, playing pickleball, traveling and engaging in board games with his family.
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Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
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Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
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- Set themselves apart by offering comprehensive financial wellness benefits.
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Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
9When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan 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
11Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
13Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
14Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
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The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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.
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Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must 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.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must 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.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt 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") reserve 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 the 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.
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.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. 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.
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
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
9When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan 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
11Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
13Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
14Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Testimonial(s) solicited by Morgan Stanley and provided by current client(s) at the time of publication. No compensation of any kind was provided in exchange for the client testimonial(s) presented. Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must 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.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must 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.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt 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") reserve 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 the 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.
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.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. 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.
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
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
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CRC 4665150 (8/2025), 4763067 (9/2025), 5378280 (5/2026)
