Ada Frausto
Portfolio Associate
Phone:
(619) 238-6275(619) 238-6275
Steven Douek
Managing Director, Wealth Management,
Financial Advisor
Direct:
(619) 238-3446(619) 238-3446
My Mission Statement
We are motivated to help our clients achieve their financial goals and place high value on the relationships we create with them.
My Story and Services
Steven Douek has been advising High-Net-Worth families and business owners around the globe for over 20 years. He and his multigenerational team offer personalized strategies to unique situations based on clients’ needs. He built the practice on the values of hard work, discipline, and accessibility to deliver tailored advice and develop client relationships rooted in mutual trust. It is this trust that keeps him motivated and growth-oriented. As the business has grown, so has Steven’s network of resources that he can offer to elevate the client experience.
Steven works tirelessly to deliver elite service, whether he is the bearer or the liaison, which has contributed to his success. Since arriving at Morgan Stanley in 2016, Steven has earned additional recognition as member of both the International Client Advisor Council and Morgan Stanley’s President’s Club. He credits these achievements to his valued clients and uses the resources they offer to elevate client service even further.
Steven grew up as a stellar student in Mexico City and has stayed true to his roots ever since. His intellectual curiosities have expanded from Economics at Universidad Iberoamericana to innovative new investment strategies that can offer increased value for clients. His circles have certainly expanded as well, but he maintains a consistent international focus in his business.
Steven works tirelessly to deliver elite service, whether he is the bearer or the liaison, which has contributed to his success. Since arriving at Morgan Stanley in 2016, Steven has earned additional recognition as member of both the International Client Advisor Council and Morgan Stanley’s President’s Club. He credits these achievements to his valued clients and uses the resources they offer to elevate client service even further.
Steven grew up as a stellar student in Mexico City and has stayed true to his roots ever since. His intellectual curiosities have expanded from Economics at Universidad Iberoamericana to innovative new investment strategies that can offer increased value for clients. His circles have certainly expanded as well, but he maintains a consistent international focus in his business.
Securities Agent: MD, MN, UT, SD, OH, NC, DE, CA, AZ, WA, MA, IL, FL, VI, SC, NY, WY, GA, CO, PA, VA, TX, ID, NV; General Securities Representative; Investment Advisor Representative
NMLS#: 1112511
NMLS#: 1112511
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Clients
We work with a broad range of clientele. However, many of our clients find themselves and their families across more than one of the below categories.
Above all, our priority is to work with like-minded individuals who desire in depth financial, trust, and estate planning strategies complemented by customized portfolio management and a full suite of family office services. By leveraging the power of our team and a global firm to deliver these resources, we give our clients as much time as possible to focus on their lives where it matters most.
Above all, our priority is to work with like-minded individuals who desire in depth financial, trust, and estate planning strategies complemented by customized portfolio management and a full suite of family office services. By leveraging the power of our team and a global firm to deliver these resources, we give our clients as much time as possible to focus on their lives where it matters most.
International Clients
Morgan Stanley International Wealth Management (IWM) harnesses the extensive capabilities of the firm to serve investors located outside the United States.
As an International Client Advisor, we are familiar with the investment challenges and opportunities that are unique to your part of the world, and can recommend highly customized strategies to help you address your specific goals.
IWM Capabilities Brochure - SpanishAs an International Client Advisor, we are familiar with the investment challenges and opportunities that are unique to your part of the world, and can recommend highly customized strategies to help you address your specific goals.
Business Owners
Whether you require assistance navigating the sale or transfer of your business, the advice or capital required to grow the business, or simply a plan which will safeguard your assets and build on your continued success, we are properly equipped to help you.
By combining the corporate resources of Morgan Stanley and our Investment Bank with the resources of a boutique team, we are able to coordinate every facet of your life and your business from creation to sale.
Preparing for Life After Selling a BusinessBy combining the corporate resources of Morgan Stanley and our Investment Bank with the resources of a boutique team, we are able to coordinate every facet of your life and your business from creation to sale.
Multi-Generational Families
While all multi-generational families face complex financial issues, each has its own challenges, opportunities and aspirations.
Based on a deep understanding of these factors, we can help you create a customized, comprehensive plan to help you achieve your unique vision of a successful life and legacy for both you and your family.
Family Office Resources Fact SheetBased on a deep understanding of these factors, we can help you create a customized, comprehensive plan to help you achieve your unique vision of a successful life and legacy for both you and your family.
Next Generation
We devote time and resources to helping a select group of the next generation of business leaders with structuring wealth plans to navigate complex comp structures, real estate acquisition, the complexities of a growing family, and more.
Family Governance Fact SheetAlternative Investment Strategies
At Morgan Stanley, we provide individuals and institutions access to world-class alternative investment strategies spanning private equity, real assets, private credit, hedge funds and digital assets. These strategies may deliver differentiated sources of return relative to traditional equity and fixed income investments, as well as offer potential for tax efficiency.
Alternative Investments
The era of private funds delivering double digit returns may be ending. Learn about how you can diversify your investment strategy at the link below.
Learn More
Private Real Estate
Real estate is a fundamental building block of investment portfolios, providing ballast against the uncertainty of stock market returns, rising interest rates, and inflation. Real estate provides high income with stability borne of long-term lease contracts.
Learn More
Private Credit
Private Credit investing is an essential component of Morgan Stanley Investment Management’s alternative investments platform. We manage a well-defined group of strategies and seek to deliver attractive returns to our investors by forging successful partnerships with our portfolio companies.
Learn More
Investing in Art
When a passion for collecting evolves into something of considerable value, a new set of considerations comes in to play. Hear what our panel has to say about collections as an investment class, including best practices and common pitfalls among collectors of fine art, antiques, classic cars, vintage wines and other stores of value that stir the passions.
Learn More
Private Equity
Morgan Stanley Investment Management seeks to generate outstanding returns for our clients by helping management teams build enduring businesses.
We invest exclusively in segments of the private markets that, in our view, are generally underserved by other providers of capital. Within these areas, we look for situations where we believe our expertise and access to the unparalleled resources of Morgan Stanley can make an outsized impact on a company’s growth trajectory.
Learn MoreWe invest exclusively in segments of the private markets that, in our view, are generally underserved by other providers of capital. Within these areas, we look for situations where we believe our expertise and access to the unparalleled resources of Morgan Stanley can make an outsized impact on a company’s growth trajectory.
Our Services
We can leverage the breadth of our firm, with the balance of our boutique service model, to help meet your financial needs and connect you to the best resources available. Below are just a handful of the services we offer valued clients.
Legacy Planning
Life happens, and unexpected occurrences can happen at any time. The good news is there are best practices in legacy & estate planning that can better prepare you for the unforeseen. Multigenerational wealth creators are often challenged with difficult financial considerations that have a large impact on the size and scope of their legacy.
Learn More
Professional Portfolio Management
Managing an investment portfolio should be a consultative, disciplined process that balances your attitudes about investing with careful analysis of the financial markets. Working together, we create a customized strategy that applies long-held investment principles to help reach your goals.
Tax Management
There are many tax-smart strategies for your financial plan. We'll help you make the tax decisions today that can help you save for years to come.
Read More
Intergenerational Wealth Planning
We understand family wealth, and we are experienced for every stage of life. Obstacles are a part of life, and we can help you create a financial plan with those setbacks in mind.
Learn More
Cash Management & Lending
As a client, you will access a suite of cash management solutions to help you manage your everyday finances. We also provide qualified clients with financing solutions for almost any personal or business need using the eligible securities in your brokerage account as collateral for a flexible line of credit.
Learn MoreTimely Resources
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 in giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
Morgan Stanley Online
With Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App, managing your assets and daily finances is never more than a few clicks away. Access your funds and connect with your financial advisor at any time, today.
Morgan Stanley Online
GIC Monthly: 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 the latest edition below.
Read The Latest Report Here
Investing at the Intersection of AI and the Energy Transition
Generative AI and its need for energy is straining power grids but may also offer solutions to managing energy demand. Investors and corporate leaders are assessing the sustainable innovations that could help to meet this challenge.
Read Here
GIC Weekly Report
Morgan Stanley Chief Investment Officer Lisa Shalett shares a weekly report summarizing timely observations on investors and the markets.
Read The Latest Report Here
How to Plan Instead of Panic in Volatile Markets
How do you weather a market crash? A study of nearly 120,000 investors reveals the value of having a sound financial plan to help keep you on track.
Read Here
Navigating Real Estate & Homeownership in 2024
Mortgage rates are forecast to drop in 2024, but affordability likely won’t return to pre-pandemic levels. Here’s what that means for buyers, sellers, investors and policymakers.
Read HereLocation
101 W Broadway
Ste 1800
San Diego, CA 92101
US
Direct:
(619) 238-3446(619) 238-3446
Meet My Team
Isaac Morales-Osuna
Registered Associate
Phone:
(619) 238-3407(619) 238-3407
Luis Camou
Wealth Management Analyst
Phone:
(619) 238-3403(619) 238-3403
About Ada Frausto
Ada leads the team in all things account management. She aims to provide seamless and efficient solutions to meet diverse client needs, from onboarding to banking to daily transactions. Ada joined the team during a tumultuous time for our markets, July 2008, and has proved herself invaluable.
Prior to her work with us, Ada worked in telecommunications for 12 years and earned her BSBA from CETYS Universidad in Tijuana. She moved to San Diego in 2007 where she and her husband still live today with two young adult sons. They enjoy attending concerts and cheering on the San Diego Padres. When she has time to herself, Ada loves to run, and participates in running events on both sides of the border.
Prior to her work with us, Ada worked in telecommunications for 12 years and earned her BSBA from CETYS Universidad in Tijuana. She moved to San Diego in 2007 where she and her husband still live today with two young adult sons. They enjoy attending concerts and cheering on the San Diego Padres. When she has time to herself, Ada loves to run, and participates in running events on both sides of the border.
About Isaac Morales-Osuna
Isaac has been a Registered Associate on our team since June of 2022. He assists with new account openings, alternative investments, and lending solutions. Isaac began his career in finance back in 2009, so he has seen firsthand how turbulent the markets can be. He was drawn to the industry due to its fast-paced and dynamic nature, with the goal of keeping clients on track to achieve their goals through the markets’ ups and downs.
Outside of the office, Isaac has joyful, albeit uniquely busy, life at home with his wife and their quadruplets. Family is a consistent priority for him, as is spending time in nature. Camping and golfing are Isaac’s most recent hobbies, but he is always exploring other ways to get outdoors.
Outside of the office, Isaac has joyful, albeit uniquely busy, life at home with his wife and their quadruplets. Family is a consistent priority for him, as is spending time in nature. Camping and golfing are Isaac’s most recent hobbies, but he is always exploring other ways to get outdoors.
About Luis Camou
Luis Camou is the team’s point person on investment analysis and financial planning. He assesses opportunities and strategies as they relate to the market and individual client needs. He has been with the firm since March 2021 and joined our team about a year after that. Prior to Morgan Stanley, Luis studied finance at Monterrey Institute of Technology and Higher Education and worked in financial services at Actinver.
From Monterrey to San Antonio to, now, San Diego, Luis has pursued finance all along. He understands the positive impact that well-managed finances can have on people’s lives, especially in the face of an everchanging market. An intellectually curious person, Luis enjoys the persistent innovation and evolving trends that remain a pillar in our industry. There is always more to learn and explore.
From Monterrey to San Antonio to, now, San Diego, Luis has pursued finance all along. He understands the positive impact that well-managed finances can have on people’s lives, especially in the face of an everchanging market. An intellectually curious person, Luis enjoys the persistent innovation and evolving trends that remain a pillar in our industry. There is always more to learn and explore.
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Michael Mackowiak
Private Banker
About Michael Mackowiak
Michael Mackowiak is a Private Banker serving Morgan Stanley Wealth Management offices in California.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Michael began his career in financial services in 2008, and joined Morgan Stanley in 2019 as a Private Banker. Prior to joining the firm, he was a Premier Banker at Wells Fargo Bank, N.A.
He lives in Chula Vista, California with his family. Outside of the office, Michael enjoys watching soccer and baseball, traveling, and spending time with his family.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Michael began his career in financial services in 2008, and joined Morgan Stanley in 2019 as a Private Banker. Prior to joining the firm, he was a Premier Banker at Wells Fargo Bank, N.A.
He lives in Chula Vista, California with his family. Outside of the office, Michael enjoys watching soccer and baseball, traveling, and spending time with his family.
NMLS#: 1069297
Wealth Management
Global Investment Office
Portfolio Insights
Ready to start a conversation? Contact Steven Douek today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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.
3GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
4Morgan 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
5Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
6Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
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
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.
3GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
4Morgan 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
5Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
6Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
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)
