Morgan Stanley Private Wealth Management
Richard L. Zulick
Executive Director,
Private Wealth Advisor,
Corporate Cash Investment Director,
International Client Advisor
Direct:
(214) 720-5017(214) 720-5017
My Mission Statement
We develop highly customized strategies to help a global clientele of successful families, businesses and institutions preserve their assets and pursue their goals.
My Story and Services
Over my 25 years as a professional investor and wealth manager, I’ve had the opportunity to work with an exceptional group of clients. They include highly accomplished entrepreneurs, athletes and business leaders, as well as their families, companies, foundations and risk insurance programs. They often face complex financial challenges that involve multiple entities and call for specialized resources and sophisticated solutions. My job is to create precisely tailored, cohesive strategies to address these issues and help them chart a straight course to their goals.
If you are facing similarly complex challenges and opportunities, whether in your personal or professional financial life, I can help. I will provide reliable, honest financial advice and deliver a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together, we can craft results-based strategies to overcome volatility and the hidden dangers of exposed portfolios. You will have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
I look forward to learning more about you and discussing my approach to addressing your needs and helping you pursue your aspirations.
If you are facing similarly complex challenges and opportunities, whether in your personal or professional financial life, I can help. I will provide reliable, honest financial advice and deliver a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together, we can craft results-based strategies to overcome volatility and the hidden dangers of exposed portfolios. You will have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
I look forward to learning more about you and discussing my approach to addressing your needs and helping you pursue your aspirations.
Securities Agent: FL, OH, KY, IA, PR, MS, LA, DE, AK, MA, CO, PA, NE, MT, WY, NJ, GA, CT, AZ, OK, IN, AL, UT, SC, NY, MI, IL, DC, VA, TN, NV, MO, KS, CA, AR, NC, MD, TX; General Securities Representative; Investment Advisor Representative
NMLS#: 1610594
NMLS#: 1610594
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
International Wealth Management
International Wealth Management is a specialized area within Morgan Stanley Wealth Management that is dedicated to serving individuals, families, family offices, entrepreneurs, corporate executives and corporate stock plan managers who live outside the United States. We also serve US citizens living and working abroad as well as those who are relocating to the United States or otherwise changing domicile.
We are based in offices throughout the United States, but often specialize in a specific country or region, and typically speak the client’s language, understand the culture and have a deep knowledge of the markets we serve. Combining our investment knowledge with the resources and intellectual capital of Morgan Stanley, we deliver targeted solutions that help our clients pursue their goals and address their unique financial needs.
We are based in offices throughout the United States, but often specialize in a specific country or region, and typically speak the client’s language, understand the culture and have a deep knowledge of the markets we serve. Combining our investment knowledge with the resources and intellectual capital of Morgan Stanley, we deliver targeted solutions that help our clients pursue their goals and address their unique financial needs.
We may be able to provide you access to:
- An open architecture platform that includes leading asset management firms, giving you access to unaffiliated third party managers and their teams.
- Thematic investing ideas and asset allocation models from Morgan Stanley’s Global Investment Committee, guiding your overall portfolio allocation.
- Customized lending solutions from Morgan Stanley Private Bank, National Association, addressing your financing needs.
- Dedicated specialists in wealth transfer, philanthropy, family dynamics, concierge and lifestyle advisory services, and other family office capabilities, supporting the non-financial needs you may have.
Not all products and services are available to clients outside of the United States.
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 suitable 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”) 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.
CRC 3430115 05/22
Bespoke Investment Management and Consulting Services to Captive, Reinsurance and Insurance Companies
Insurance companies, as well as Corporations and Businesses, who actively invest and finance their risks face unprecedented challenges due to industry consolidation, global forces that impact market behavior, and regulatory changes that could change the way businesses operate and invest.
At Morgan Stanley, we take a distinct view to provide full service, turnkey investment advisory, risk management and credit solutions that are designed to effectively navigate these challenges. For Captives and Insurers, our objective is simple: Provide First Class Business in a First Class Way.
At Morgan Stanley, we take a distinct view to provide full service, turnkey investment advisory, risk management and credit solutions that are designed to effectively navigate these challenges. For Captives and Insurers, our objective is simple: Provide First Class Business in a First Class Way.
Our Platform
Our platform offers you a range of benefits including:
- Institutional quality, client-first guidance through a single point of contact
- An experienced Financial Advisor team with deep knowledge of captives and insurers giving you access to the entire Morgan Stanley franchise
- Investment Solutions and credit products tailored to your unique liability and risk needs
- Collateral solutions including Letters of Credit and Institutional Trust structures
- Account opening in multiple approved onshore and offshore jurisdictions
- Institutional quality, client-first guidance through a single point of contact
- An experienced Financial Advisor team with deep knowledge of captives and insurers giving you access to the entire Morgan Stanley franchise
- Investment Solutions and credit products tailored to your unique liability and risk needs
- Collateral solutions including Letters of Credit and Institutional Trust structures
- Account opening in multiple approved onshore and offshore jurisdictions
Our Commitment
Our qualified financial advisors are some of the most experienced in the captive and insurance marketplace, which is why clients of all sizes – from Fortune 500 corporations to middle market companies – choose Morgan Stanley. We are a member of the National Association of Insurance Commissioners (NAIC) and have one of the strongest credit ratings in the industry.
We work across the major domestic captive insurance jurisdictions including but not limited to Vermont, South Carolina and Arizona, as well as offshore jurisdictions including Barbados, Bermuda, Cayman Islands and the Turks and Caicos. Our advisors maintain relationships with key members throughout the global captive and risk insurance industry including major insurance carriers, risk insurance brokers, captive managers, and accounting and legal professionals.
We work across the major domestic captive insurance jurisdictions including but not limited to Vermont, South Carolina and Arizona, as well as offshore jurisdictions including Barbados, Bermuda, Cayman Islands and the Turks and Caicos. Our advisors maintain relationships with key members throughout the global captive and risk insurance industry including major insurance carriers, risk insurance brokers, captive managers, and accounting and legal professionals.
Client Service Team
Peter Aldendifer - Vice President, Private Wealth Advisor
Phone:
(214) 661-7059(214) 661-7059
Peter is a Financial Advisor With Morgan Stanley. He focuses on Business Development, and functions as the team’s Analyst evaluating and implementing investment allocations and strategies, liability and credit management, and conducts market research.
Previously, he was a Consulting Group Analyst with Morgan Stanley PWM, and prior to that he served as an Associate Private Banker with Morgan Stanley Private Bank, N.A. from 2013 to 2016. Before that, Peter was a Client Service Associate with Morgan Stanley PWM. Peter Joined Morgan Stanley as an Intern in 2011.
Previously, he was a Consulting Group Analyst with Morgan Stanley PWM, and prior to that he served as an Associate Private Banker with Morgan Stanley Private Bank, N.A. from 2013 to 2016. Before that, Peter was a Client Service Associate with Morgan Stanley PWM. Peter Joined Morgan Stanley as an Intern in 2011.
Securities Agent: WY, AK, SC, OK, MT, FL, TN, NV, NJ, NE, NC, MI, GA, AR, UT, KS, IA, AL, PR, MD, KY, VA, TX, OH, NY, MO, CT, CO, PA, MA, DE, LA, IL, IN, CA, AZ, MS, DC; General Securities Representative; Investment Advisor Representative
Heather Martinez Arnold - First Vice President, Business Development Director
Phone:
(214) 661-7142(214) 661-7142
Heather leads our business development efforts and manages our overall team operations to ensure an outstanding client experience across all investment segments. Heather also supports the Corporate Cash and Captive Insurance business of the team. Heather joined Morgan Stanley in 2015 and has 29+ years of industry experience.
Prior to Morgan Stanley, Heather served in various roles at other large financial institutions including serving as Vice President in Wealth and Investment Management at Barclays Wealth and Lehman Brothers, as well as Fixed Income trading at Banc of America Securities, and global securities operations at NationsBank. Heather received a B.S. in Finance and Economics from Lander University and an M.B.A. from Winthrop University.
Prior to Morgan Stanley, Heather served in various roles at other large financial institutions including serving as Vice President in Wealth and Investment Management at Barclays Wealth and Lehman Brothers, as well as Fixed Income trading at Banc of America Securities, and global securities operations at NationsBank. Heather received a B.S. in Finance and Economics from Lander University and an M.B.A. from Winthrop University.
Leslie Tollen - Vice President, Portfolio Management Associate
Phone:
(214) 661-7062(214) 661-7062
Leslie is instrumental in various portfolio management trading and service capacities across our client base. Leslie joined Morgan Stanley in 2015 and has 25+ years of industry experience.
Prior to Morgan Stanley, Leslie served in similar roles including Assistant Vice President at Barclays and Lehman Brothers, and Institutional Equity Trading and Research with Wachovia Bank. Leslie received her B.B.A. in Finance from the University of North Texas
Prior to Morgan Stanley, Leslie served in similar roles including Assistant Vice President at Barclays and Lehman Brothers, and Institutional Equity Trading and Research with Wachovia Bank. Leslie received her B.B.A. in Finance from the University of North Texas
Stacey Beatey - Portfolio Associate
Phone:
(214) 661-7058(214) 661-7058
Stacey works with our internal and external portfolio managers to develop and communicate information about investment products, strategies, processes, and performance to our individual and institutional clients. Stacey joined Morgan Stanley in 2015 and has 29+ years of industry experience.
Prior to Morgan Stanley, Stacey served in various roles at other established firms including serving as Senior Registered Associate at Barclays Wealth and Investment Management and Lehman Brothers, as well as Wells Fargo. Stacey received a B.A. from the University of Texas at Austin.
Prior to Morgan Stanley, Stacey served in various roles at other established firms including serving as Senior Registered Associate at Barclays Wealth and Investment Management and Lehman Brothers, as well as Wells Fargo. Stacey received a B.A. from the University of Texas at Austin.
Location
2121 North Pearl St
Ste 500
Dallas, TX 75201
US
Direct:
(214) 720-5017(214) 720-5017
Fax:
(214) 855-7909(214) 855-7909
Private Wealth Management
Professional Insights
The GIC Weekly
Wealth Management
Global Investment Office
Portfolio Insights
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
Article Image
Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
2Morgan 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
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Awards Disclosures | Morgan Stanley
2Morgan 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
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Awards Disclosures | Morgan Stanley
CRC 4237142 (02/2025)
