Industry Award WinnerWe believe success isn't just a number – it's freedom.
Freedom to focus on your family, your work, your passions, your legacy.
At The Crawford-Hogan-Wang Group at Morgan Stanley, we help accomplished individuals and families turn financial complexity into clarity, confidence, and long-term security. Our role is simple: architect a disciplined strategy, based on your unique needs, values, and goals, so you can live fully – without distractions, without noise.
OUR COMMITTMENT:
We combine institutional-level resources with deeply personal advice:
Markets change, tax laws evolve, life happens. We walk alongside our clients through every cycle – economic and personal; Professionalism with soul.
WHO WE SERVE:
We are blessed with a practice built upon trust and referrals. Many of our clients are:
BUILT ON TRUST:
Our clients' wealth is treated with the same care as our own. We take considerable responsibility as stewards of that wealth – including protecting opportunity, flexibility, and future generations – so our clients can enjoy financial independence and increased flexibility.
Backed by the resources, intellectual capital, and capabilities of a global firm, we are proud to exemplify Morgan Stanley's commitment to delivering first-class business in a first-class way.
If you are seeking thoughtful, disciplined partnership, we welcome the opportunity to earn your trust.
Many of our clients come to us seeking guidance in effectively managing their concentrated stock positions and/or pre- and post-transaction planning. With an on eye on tax efficiencies and strategic considerations, we separate our advice into three distinct phases:
1. DISCOVERY AND DEFINING THE OBJECTIVES
In advising our founders and executives, we will begin by gathering detailed financial data and constructing a comprehensive financial plan. This allows us to build out your full tax + portfolio blueprint and operating baseline so we can ground recommendations in accurate context. We help guide you through considerations to articulate your goals, understand your risk tolerance, and compare options across scenarios.
Some questions to consider:
The answers to these questions can help us in designing a comprehensive strategy tailored to your unique situation.
2. STRATEGY DESIGN
In designing your strategy, we structure our advice depending on your situation. For founders and entrepreneurs, we may consider IPO, or sales to strategic acquirers, private equity, and/or employee stock ownership plans (ESOP).
For executives with concentrated stock, we typically employ a mix of strategies from the "HOPES" framework (link below) to facilitate tax-efficient deconcentration, consisting of holding a target reserve, options hedging overlays, prepaid variable forwards, philanthropic gifting, exchange funds, purpose liquidity access lines, and/or systematic selling over time into strength.
An exchange fund or "swap fund" is a private, tax-deferred diversification vehicle where investors contribute highly appreciated, concentrated stock into a pooled partnership for fund units—gaining immediate diversified exposure without an initial taxable sale—and, after a multi year lockup (often ~7 years), investors can typically redeem in-kind for a diversified basket of securities, with the embedded gain and carryover basis preserved until the investor later sells the distributed holdings.
3. PORTFOLIO INTEGRATION
After achieving liquidity, our focus is on implementing a comprehensive wealth management plan that includes investment strategy, tax optimization, lifestyle planning, liability management, and multi-generational legacy considerations.
We understand the importance of aligning your estate plans with your personal values and aspirations for future generations. Through trust and estate planning, we help you create a lasting impact that reflects your vision and supports your family's future. Our holistic approach ensures your wealth is managed effectively, providing peace of mind and financial security for years to come.
Delivering the Firm means bringing the full strength of Morgan Stanley to our clients. By connectingyou with the right people, insights, and resources across the enterprise, we deepen relationships and drive outcomes. It's a coordinated, client-first approach designed to make it easier to identify opportunities, navigate complexity, and deliver a more consistent, high-impact experience—whether the need is planning, estate, lending, liquidity, investing, or specialized solutions. Explore the capabilities below to see how Delivering the Firm helps you move faster, engage more strategically, and capture more value from what you've built.
Family Office Resources at Morgan Stanley provides comprehensive solutions for ultra-high-net-worth clients, addressing complex, multigenerational wealth management issues. The team consists of over 60 experienced professionals who collaborate with Financial Advisors to offer specialized knowledge, tools, and networking events. Family Office Resources aims to impact multiple generations by helping clients make informed decisions and manage significant wealth effectively. The capabilities of Family Office Resources include: wealth and estate planning strategies, family governance, wealth education, philanthropy management, lifestyle advisory, trust services, health and wellness education, and related capabilities covering risk, insurance, institutional family office services, art resources, lending, and more.
Alternative investments ("alts") can play a complementary role alongside traditional stock and bond portfolios by adding exposures and return drivers that are less correlated to public market moves. As a result, alts may help enhance long-term return potential and improve risk-adjusted outcomes through greater diversification and less volatility. With proprietary deal flow and opportunities spanning private equity, private credit, and real assets, Morgan Stanley has incredible access and reach across the private markets landscape.
Morgan Stanley offers tax-aware investing approaches designed to help manage the impact of taxes on investment outcomes. One such approach is direct indexing, which seeks to track the performance of a well-known market index (for example, the S&P 500) by holding some or all of the individual securities in that index rather than using a pooled vehicle. This structure may provide flexibility to customize holdings and pursue tax-loss harvesting opportunities, while aiming to maintain overall index-like exposures. Over time, these features may help improve after-tax outcomes; however, results are not guaranteed and will vary based on market conditions, client circumstances, portfolio activity, and applicable tax rules.
In coordination with our team, we will work with you and our Private Banking Specialist to advise on strategic balance sheet planning and financing conversations—e.g., how to use liquidity lines, securities-based lending (where appropriate), and tailored credit structures to fund real estate, taxes, concentrated positions, or business needs without forcing asset sales.
In coordination with outside counsel, we provide comprehensive education and planning support around trusts, beneficiary structures, titling, and multi-state considerations—often helping clients translate legal structures into practical "what happens when" outcomes.
Helping you thoughtfully achieve the goals and vision that reflect your values is extremely important to us. By integrating strategic estate planning with meaningful giving, and in coordination with your tax and legal advisors, we aim to help empower you to leave a long lasting legacy that inspires change for generations to come.
A solution that may help you execute planned giving, offer an efficient way to donate appreciated assets, and simplify charitable giving reporting while potentially mitigating taxes. Bring philanthropy into your wealth plan and help amplify the impact of your giving through the Morgan Stanley Global Impact Funding Trust (MS GIFT).
You can't take it with you, but through a well-structured trust and estate strategy, you can define how you want your life's work and wealth to continue to benefit the people and causes you love and care for.
We help structure tax-efficient gifting strategies that align with your long-term legacy goals. This includes annual exclusion gifting, front-loading education funding, appreciate stock gifting to family, kiddie tax optimzation, UTMA/UGMA funding, Qualified Charitable Distributions (QCD's), and leveraging lifetime exemption amounts - often coordinated with trust structures - to transfer wealth intentionally while reducing future estate tax exposure.
For clients seeking both impact and tax efficiency, we deisgn and implement charitable trust strategies. Charitable Remainder Trusts (CRTs) can provide income streams while deferring capital gains taxes on appreciated assets, while Charitable Lead Trusts (CLTs) allow you to support causes today whiletransferring future appreciatiion to heirs more efficiently.
We advise on donating highly appreciated securities, concentrated stock positions, or private business interests in a tax-efficient manner. These strategies can help eliminate capital gains exposure while maximizing the charitable deduction - often integate with broader divesification and liquidity planning.
For families seeking a more hands-on approach, we guide the creation and ongoing management of private foundations. We help define mission, governance, and grant-making strategy - turning philanthropy into a structured, multi-generational family initiative.
In collaboration with Family Office Resources, we help clients articulate and document legacy intent - how wealth is meant to be used, stewarded, and passed down. This can include family governance frameworks, beneficiary education, and values-based planning to preserve both capital and family values across generation.
Source: Forbes.com (Awarded 2022-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Source: Forbes.com (Awarded 2022-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in Sept of year prior to the issuance of the award.
Source: Forbes.com (Awarded 2023-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in March of year prior to the issuance of the award.
Source: Workingmother.com (Awarded 2017-2020). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar Of the year the award was given.
The CERTIFIED FINANCIAL PLANNER™ certification is the standard of excellence in financial planning CFP® professionals meet rigorous education. training and ethical standards. and are committed to serving their clients' best interests today to prepare them for a more secure tomorrow.
Sandra Wang, CFP®, CDFA®, ChFC®
John Wang
Verniece Tai
Elaine Ho
Zach Dimonekas
Verified ClientTestimonial(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.
5285589 3/2026
Sam Fatigato, CFP®
Clint Eddy
