Mary K. Elliott
Business Development Director
Phone:
(732) 389-5159(732) 389-5159
Stephen J. Scanapicco
Senior Vice President, Wealth Management,
Financial Advisor,
Family Wealth Advisor,
Portfolio Management Director,
Alternative Investments Director,
Workplace Advisor – Equity Compensation
Direct:
(732) 389-8653(732) 389-8653
Toll-Free:
(800) 631-2221(800) 631-2221
My Mission Statement
To help you control what you can, recognize what you can't and plan for what matters to you and your family.
My Story and Services
Stephen, one of the founders of The SVS Wealth Management Team at Morgan Stanley, joined the firm in 2006. With over 20 years of industry experience, Stephen’s leadership and drive help to propel the team forward. Prior to Morgan Stanley, Stephen spent time as the Assistant Vice President at Wachovia, where he worked for eight years. Stephen focuses on creating individualized strategies for our clients and ensures that such strategies align with both short and long term goals. He understands that every client presents a different set of goals and challenges and as such creates specifically tailored investment strategies. A graduate of Providence College, Stephen serves on the Board of Directors for the Reef Institute, an organization dedicated to coral conservation through education, research, and restoration. Currently, Stephen resides in Tinton Falls, NJ with his wife and daughter.
Education & Associations
- BA - History Providence College
- Series 6, 7, 9, 10, 24, 31, 63 & 65 Licensed
- State Life, Health & Disability Insurance Licensed
Securities Agent: WY, KS, MO, GA, NY, TN, VT, NH, WV, WI, WA, VA, UT, TX, SC, RI, PR, PA, OR, OK, OH, NV, NM, NJ, NE, NC, MT, MN, MI, ME, MD, MA, LA, KY, IN, IL, IA, FL, DE, DC, CT, CO, CA, AZ, AL, AK, AR, HI, ID, MS, ND, SD, VI; BM/Supervisor; General Securities Principal; General Securities Representative; Investment Advisor Representative
NMLS#: 1261797
NMLS#: 1261797
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
AWARDS AND DESIGNATIONS
America's Top Wealth Management Teams - Forbes
Recognized by Forbes in their 2022-2024 rankings of America's Top 100 Wealth Management Teams. Awarded to groups of experienced wealth managers that have proven track records of success according to SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank teams.
Source: Forbes.com (Awarded 2022-2024) Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Award Disclosures:(https://www.morganstanley.com/disclosures/awards-disclosure.html)
Source: Forbes.com (Awarded 2022-2024) Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Award Disclosures:(https://www.morganstanley.com/disclosures/awards-disclosure.html)
Top 250 Private Wealth Management Teams - Barron's
Recognized in Barron's 2024 Top 250 Private Wealth Management Teams. 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.
(Source: Barron's (Awarded May 2024). Data compiled by Barron's based on time period from Jan 2023-Dec 2023. https://mgstn.ly/3WD0yje)
(Source: Barron's (Awarded May 2024). Data compiled by Barron's based on time period from Jan 2023-Dec 2023. https://mgstn.ly/3WD0yje)
Best-In-State Wealth Advisors - Forbes
Disclosure:
2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Award Disclosures:(https://www.morganstanley.com/disclosures/awards-disclosure.html)
2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Award Disclosures:(https://www.morganstanley.com/disclosures/awards-disclosure.html)
Best-In-State Wealth Management Teams - Forbes
Recognized by Forbes magazine’s 2023-2025 rankings of Best-In-State Wealth Management Teams. Awarded to groups of experienced wealth managers that have proven track records of success according to SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank teams.
Disclosure:
Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Award Disclosures:(https://www.morganstanley.com/disclosures/awards-disclosure.html)
Disclosure:
Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Award Disclosures:(https://www.morganstanley.com/disclosures/awards-disclosure.html)
Portfolio Management Director
The Portfolio Management Director Designation Program was developed for Financial Advisors who have significantly incorporated portfolio management into their practice on a discretionary basis.
Workplace Advisor – Equity Compensation
This designation was developed for Financial Advisors with the expertise and knowledge necessary to help clients make informed decisions when it comes to their equity compensation.
Alternative Investment Director
Alternative Investments Director Designation Program was developed for Financial and Private Wealth Advisors who have significantly incorporated Alternative Investments into their practice.
The Century Club at Morgan Stanley
This accolade recognizes consistent excellence in providing a wide range of investment products and wealth management services to clients like you. It also celebrates leadership in industry best practices of wealth management and a commitment to delivering first-class client service.
Family Wealth Director
Stephen Scanapicco is part of a group of fewer than 4% of Morgan Stanley Advisors who have completed the rigorous Family Wealth Director certification program as of January 2022.
This certification allows him to access an exceptional group of wealth management professionals and better assist high-net worth clients across a broad spectrum of wealth management areas including:
• Business succession planning and monetizing business ownership
• Alternative investments
• Control and restricted securities
• Equity and interest rate risk management
• Wealth transfer
• Family Governance and Dynamics
• Philanthropic Services
As your family grows and your wealth increases, you may face a broader and more complex set of wealth management challenges. As a Family Wealth Director, Stephen has the extensive experience, specialized training, and the resources necessary to help you and your family address these needs. He helps you create and implement a comprehensive wealth management plan based on your unique goals and aspirations.
This certification allows him to access an exceptional group of wealth management professionals and better assist high-net worth clients across a broad spectrum of wealth management areas including:
• Business succession planning and monetizing business ownership
• Alternative investments
• Control and restricted securities
• Equity and interest rate risk management
• Wealth transfer
• Family Governance and Dynamics
• Philanthropic Services
As your family grows and your wealth increases, you may face a broader and more complex set of wealth management challenges. As a Family Wealth Director, Stephen has the extensive experience, specialized training, and the resources necessary to help you and your family address these needs. He helps you create and implement a comprehensive wealth management plan based on your unique goals and aspirations.
Estate Planning Strategies
With you every step of the way, Stephen analyzes a client's tax and estate structures so that their tax characteristics are accurately incorporated in the asset allocation analysis performed for the client.
Learn More
Charitable Giving
Below is an overview of some of the common methods that individuals use to make charitable gifts, along with some important tips that you should keep in mind.
Learn More
Wealth Education
Financial Literacy means being empowered with the knowledge to make smart financial decisions during every stage of life. Discussing family finances is especially important with adult children, no matter their age. It's not always easy, but starting the conversation is a key step in long-term wealth planning.
Financial Empowerment Across Generation
Executive Compensation: Stock and Stock Options
Executives today are increasingly compensated with
stock or stock options. A benefit of receiving stock or
options is that they allow the employee to share in the
growth of the company without making a current investment (by purchasing stock or exercising options). However, exercising stock options presents a number of difficult—and sometimes divergent—choices. Accordingly, it is critical that an executive understand the risk of investing financial assets and the potential reward of preferential income tax treatment.
Learn Morestock or stock options. A benefit of receiving stock or
options is that they allow the employee to share in the
growth of the company without making a current investment (by purchasing stock or exercising options). However, exercising stock options presents a number of difficult—and sometimes divergent—choices. Accordingly, it is critical that an executive understand the risk of investing financial assets and the potential reward of preferential income tax treatment.
Philanthropic Planning
Your set of philanthropic objectives is as personal as your vision of a better world. Determining your objectives however, can be challenging when there are so many worthy causes and so many unmet needs.
Learn MoreFinancial Planning
My wealth management strategy is centered around you, your family, and your profession - where you are now and where you want to be in the future. We provide the structure to help you get there. Check out our process below:
Step 1: Introductory Meeting
Our relationship begins with an initial discussion aimed towards getting to know you, your lifestyle, and your future goals.
Step 2: Discovery Meeting
During the discovery meeting, we will work together to establish your financial goals by reviewing your current financial situation and developing a suitable risk tolerance that will ultimately help you achieve the financial outcome you envision for yourself.
Step 3: Financial Planning
Financial plans map out essential factors that play into your financial success. Examining all relevant financial information provides a holistic asset allocation analysis for all of your accounts ensuring a comprehensive financial plan.
Step 4: Action Items
After the creation of the financial plan, I will follow up with you regarding my analysis and recommendations.
Step 5: Implementation
Implementation focuses on creating prospective strategies custom designed for your specific needs. Recommended changes could include logistics, tax impact, asset allocation adjustments, and saving and benefit modifications.
Step 6: Monitoring & Performance Tracking
Finally, I will be constantly monitoring your assets and analyzing your performance tracking data to ensure your financial expectations are being met and adjusted accordingly. We will keep a high degree of communication with you to make sure your concerns and requests are always addressed.
Client Resources
Here at Morgan Stanley, we strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of providing our clients with as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns.
GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income. Click the link below to read the full report.
Read: "GIC Weekly"
2024 Federal Income Tax Tables
For help filing your taxes this year, my team has published the 2024 tax tables for your reference. Please click the link below to view them.
Read: "Tax Tables"
Your Guide to Tax-Efficient Planning
The tax decisions you make today can help you save for years to come. Consider these smart tax strategies for your financial plan.
Read: "Your Guide to Tax-Efficient Planning"
Global Investment Committee On The Markets
A monthly publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out this month's edition below.
Read: "GIC On The Markets"Location
1030 Broad Street
3rd Floor
Shrewsbury, NJ 07702
US
Direct:
(732) 389-8653(732) 389-8653
Toll-Free:
(800) 631-2221(800) 631-2221
Fax:
(732) 544-9070(732) 544-9070
Meet My Team
Anjie Salvaryn
Registered CSA
Phone:
(732) 389-5153(732) 389-5153
About Mary K. Elliott
Mary has worked in the Financial Services Industry for 30 plus years, of which over 25 have been with Morgan Stanley. She has worked on both the Institutional and Wealth Management sides of the business, first as a Fixed Income Trader and later as a Financial Advisor. As Business Development Director for the SVS team, Mary is responsible for the proactive cultivation and maintenance of client relationships.
Mary received a Bachelor of Business Administration degree from St. Mary's College, South Bend, Indiana with concentrations in Accounting and Finance. She currently resides in Sea Girt, NJ where she enjoys spending time at the beach with her family and friends.
Mary received a Bachelor of Business Administration degree from St. Mary's College, South Bend, Indiana with concentrations in Accounting and Finance. She currently resides in Sea Girt, NJ where she enjoys spending time at the beach with her family and friends.
About Anjie Salvaryn
Anjie started with the SVS Team in 2020 but has been in the financial industry since 1987 working at First Investors, then Foresters Financial, where she assisted both financial advisors and clients.
She lives in East Brunswick with her husband, her daughter, who is in college and their cat. In her spare time, she likes to attend concerts and travel.
She holds the Series 7 and 66 licenses.
She lives in East Brunswick with her husband, her daughter, who is in college and their cat. In her spare time, she likes to attend concerts and travel.
She holds the Series 7 and 66 licenses.
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
Article Image
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact Stephen J. Scanapicco today.
1When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame 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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame 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
CRC 6491812 (04/2024)
