Peter Aldendifer

Many of today's companies stay private longer, with more of their valuation being created before they become publicly traded. Morgan Stanley Private Markets connects a broad network of potential private investors in an accessible ecosystem, allowing eligible clients to buy and sell securities of private companies.

Most people borrow during the course of their lives. But it's important to be as strategic about borrowing as you are with the other areas of your financial life.

At Morgan Stanley, we've spent over 85 years investing in industry leading corporate solutions to help our clients unlock untapped potential and foster growth. Our integrated approach aligns with your business objectives, leveraging our expertise to deliver strategic, impactful solutions in a dynamic business landscape.

The Morgan Stanley Global Investment Office provides you with world-class thought leadership timely market commentary, and portfolio ideas to help guide your investment decisions.

Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio's exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.

Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential, manage unrealized gains and help keep more of what you earn.

The choice of business structure is a critical strategic decision with wide- ranging impacts on the future of your business. These include how your profits will be taxed, the degree of creditor protection you will be afforded and the range of exit strategies that will ultimately be available to you.

As the value of your company Increases, it can become increasingly difficult to effectively redistribute the wealth among family members. One solution to this dilemma involves establishing estate planning structures that permit beneficiaries to profit from the appreciation in company value while hopefully minimizing the impact of federal estate and gift taxes

Generally speaking, there are three basic liquidity scenarios: a cash sale, a tax-free stock acquisition (usually by a public company) or an IPO. Each involves different considerations.

One of the great pleasures of building a successful business is the platform it provides to create the change you want to see in the world. There is a broad range of approaches that you may wish to consider and each option has unique characteristics, from various forms of donor control to varying degrees of flexibility, cost and complexity. While most of these strategies can be deployed at any point in the development of your business, there can be considerable efficiencies to be gained by implementing certain strategies in advance of an IPO, or the sale of your business.

Raising children who are not only willing but also capable of taking over the family enterprise is an exceptional achievement in its own right. It can also create complex challenges related to your own retirement planning, family dynamics and the operation of your business. In order to manage transfer taxes, it is best to implement planning in advance of significant appreciation in the business.

In the early stages of your company's growth, it can be difficult to focus on anything other than running your business. Personal financial planning is often overlooked and estate planning appears to be a distant concern at best. Those early stages, however, is also a particularly important and productive time to conduct in-depth estate planning.