Noah Ennis, CFP®, CEPA®

With my CEPA designation, I have a strong background in helping business owners make this hard transition. To start planning early for exiting your business, check out the different stages of business succession planning in this link:

Your company has evolving needs, and that includes how you manage equity. Learn how you can unite key stock plan information on a single, cloud-based platform below.

Early-stage Startups may run into some issues when finding a 409A valuation provider. But with us, you can feel confident with decades of experience and domain knowledge on your side.

Access tailored solutions and support to run liquidity events and manage secondary transactions with confidence.

Direct listings are being considered more by startups as the way to go public. better alternative to initial public offerings.

For your employees, retirement is more than a date in the future—it's a milestone that takes time, hard work, and the right tools to achieve. We can provide a comprehensive suite of solutions and investment experience to help you with your investment responsibilities and help your employees achieve their goals.

Your employees have unique needs, and we want to help them reach all of their financial goals through a powerful combination of education, digital tools, and guidance.

Global institutions. Cutting-edge hedge funds. Industry innovators. All turn to Morgan Stanley for sales, trading, and market-making services as we work to find new forms of investment to generate superior returns.

- Sell to some/all business to employees over a period via loan. Rewards employees with beneficial interest in the company.
- Management team remains in place
- Dividends paid to the ESOP, and certain contributions made to the EDOP may be tax deductible
- ESOP share of corporate income is not taxable

- Shareholders retain ownership structure and leverage the business to payout a dividend
- Provides liquidity along with potential for upside appreciation
- No change in ownership levels or dilution of existing shareholders
- Leverage reduces the cost of capital

- Objective is to provide you with immediate and full liquidity
- Aim to identify well-capitalized buyers willing to find growth and who seek market entry or market share, new technology or other competitive advantage through an acquisition
- Earn-out may bridge valuation gap and growth prospects

- Objective is a profitable exit strategy (IPO, LBO, future sale)
- Buyer's objective is typically purely financial, seeking a high rate of return
- Would likely require on-going and active participation by management
- Transaction is often highly leveraged

- Objective is to raise capital and generate liquidity
- You can leverage the expertise of Morgan Stanley's experienced Investment Banking team to evaluate the IPO market, to structure an offering that would benefit, you, your employees and your investors

One part of post-liquidity planning includes a discussion on charitable giving. Donor advised funds are among the easiest and most tax-advantages ways to give to charity for donors across the spectrum of wealth.

Trust Planning can be a complicated process. While you cannot take it with you, a trust can help define how you want your life's work and wealth to continue to benefit the people and causes you love and care for. We will work with you to help build, protect, and pass on a legacy you would be proud of.

Our leading alternatives platform offers 160+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income—while maintaining a goals-based approach for asset allocation.

While there are certain key tenants of investing that tend to lead to success, we firmly believe that great investment management cannot have a cookie-cutter approach. We know that no two clients are the same, and so every portfolio is custom, purpose-built to fit your individual investment style, preferences, goals and desires. Like your financial plan, our portfolios are actively monitored and adjusted to change not just according to the markets, but your life and evolving needs.

For affluent families, hidden risks can mean unwanted financial exposure. A simple risk assessment can go a long way to help close these gaps. Our technology and planning could show you where your investment exposures are and how they might affect your returns in different scenarios.

When it comes to providing institutional-level support for your family office, scale matters. Our offering aims to bring together specialized investment services and operational support to enhance your life and legacy. You receive all the benefits of having access to Morgan Stanley's full suite of services — with custom solutions designed to power the unique pursuits of your family.

While wealth accumulation and preservation are vital facets of our financial lives, planning for the legacy we leave behind is just as important. Whether you plan to pass wealth to your heirs, foundations, or charities, we work together with you and your estate attorneys to ensure that your wishes are met in the most efficient and cost-effective way possible.

Major life events prompt investors to reassess seeking advice from a professional. Each major life event can be an opportunity to seek guidance and spark conversation around a plan. The addition of a child to the family, the purchase of a home or property, and retirement are all examples of Major Life Events and Milestones of which investors may benefit from navigating together.

Tax-Efficient Investment Management can have a significant impact on after-tax returns, particularly for clients in the top tax brackets. Which this in mind, along with actively tax managed portfolios that tax-loss harvest on a regular basis, we have numerous strategies available to clients to minimize taxes when dealing with highly appreciated stock. We will often work in conjuncture with your CPA (and can refer one if needed), to ensure a cohesive tax management strategy.

Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. Members can enjoy special discounts and timely insights to support them at home and beyond.