Scott Magnesen
Managing Director, Wealth Management,
Senior Portfolio Management Director,
Financial Advisor
Direct:
(630) 573-9694(630) 573-9694
My Story and Services
Scott Magnesen founded The MPW Group in 1982 and has been a Morgan Stanley financial advisor for 43 years. The MPW Group handles over $7 billion in assets under management for its clients, as of 2025. Every day, Scott works closely with new and existing clients to help them achieve their financial goals. A graduate of Northwestern University, Scott has also completed an advanced studies program at the Wharton School of the University of Pennsylvania. In 2007, Scott was honored to be named a Managing Director for Morgan Stanley. Scott has also been named one of the "Top 1,200 Financial Advisors: State-by-State" by Barron's (2013-2025). From 2018-2025, Scott was named to the list of "Best-In-State Wealth Advisors" by Forbes magazine, ranking #1 in 2025. The MPW Group was named "America's Top Wealth Management Teams" in Forbes magazine, ranking #2 from 2022-2024.
Phone: 630-573-9694
Email: Scott.Magnesen@morganstanley.com
Scott's Awards:
- 2013-2025 Barron's Top 1200 Financial Advisors State by State
- 2018-2025 Forbes Best-In-State Wealth Advisors
- 2016-2025 Forbes America Top Wealth Advisors (250)
2013-2025 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2013-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2018-2025 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2018-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2016-2018 Forbes America's Top Wealth Advisors Source: Forbes.com (Awarded 2016-2018). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of the year the award was issued.
2019 – 2022 Forbes America's Top Wealth Advisor Source: Forbes.com (2019-2022). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
2023 Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2023) Data compiled by SHOOK Research LLC based on time period from 6/30/21 - 6/30/22.
2024 Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2024) Data compiled by SHOOK Research LLC for the period 6/30/22 - 6/30/23.
2025 Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2025) Data compiled by SHOOK Research LLC for the period 6/30/23 - 6/30/24.
2022-2024 Forbes America's Top Wealth Management Teams Source: Forbes.com (Awarded 2022-2024 ). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year the award was issued.
Securities Agent: AZ, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, CA, AK, AL, AR; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures NMLS#: 1262062
Phone: 630-573-9694
Email: Scott.Magnesen@morganstanley.com
Scott's Awards:
- 2013-2025 Barron's Top 1200 Financial Advisors State by State
- 2018-2025 Forbes Best-In-State Wealth Advisors
- 2016-2025 Forbes America Top Wealth Advisors (250)
2013-2025 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2013-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2018-2025 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2018-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2016-2018 Forbes America's Top Wealth Advisors Source: Forbes.com (Awarded 2016-2018). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of the year the award was issued.
2019 – 2022 Forbes America's Top Wealth Advisor Source: Forbes.com (2019-2022). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
2023 Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2023) Data compiled by SHOOK Research LLC based on time period from 6/30/21 - 6/30/22.
2024 Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2024) Data compiled by SHOOK Research LLC for the period 6/30/22 - 6/30/23.
2025 Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2025) Data compiled by SHOOK Research LLC for the period 6/30/23 - 6/30/24.
2022-2024 Forbes America's Top Wealth Management Teams Source: Forbes.com (Awarded 2022-2024 ). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year the award was issued.
Securities Agent: AZ, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, CA, AK, AL, AR; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures NMLS#: 1262062
Securities Agent: AZ, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, CA, AK, AL, AR; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1262062
NMLS#: 1262062
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Location
2211 York Rd
Ste 100
Oak Brook, IL 60523
US
Direct:
(630) 573-9694(630) 573-9694
Wealth Management
Global Investment Office
Portfolio Insights
Ready to start a conversation? Contact Scott Magnesen today.
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.
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.
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.
Awards Disclosures | Morgan Stanley
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.
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.
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.
Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
