Terrance McGowan

Our Clients

Our clients are “C-Suite” executives and entrepreneurs who have exceptional demands on their time. They look to us for an experienced perspective, access to world-class resources, and meticulous execution.

Simply stated, there is no substitute for experience. Our team has deep expertise in portfolio management, estate planning, pre-transaction planning, executive compensation, income tax minimization, family governance and other complexities facing our clients. We combine the vast resources of a global financial institution with the individualized attention of a boutique family office. We partner with our clients to steward their considerable wealth and collaborate with their other advisors to provide a comprehensive and seamless team approach.

Managing complex wealth is like running a company - you need a strategy to manage assets and mitigate risks. Bridging the gap between private wealth and investment management services, we work with owners and founders striving to accelerate growth and develop robust succession plans. We help manage the entire process by leveraging some of the best resources, research, and investment management resources in the industry.

Each client’s financial profile, personal situation and family dynamics are unique. We pride ourselves on our custom tailor approach to portfolios, planning suggestions and management.

Capabilities

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.

Planning For Your Family's Needs

Executive Financial Services

We work closely with executives and working professionals to develop strategies and help navigate these situations. Together, we will review your specific plan so you can fully grasp the specifics and nuances of your situation. This will help you articulate specific goals which allows us to develop a plan to help you make the best decisions for your unique situation.

Business Succession Planning

Selling a business should be the reward for years of hard work. We work to understand your succession in the context of your overall financial picture and can help protect the connections between your personal objectives and business ambitions. We also work with your other advisors to help them understand your priorities and make certain they are reflected in your succession strategy.

Monetization Planning

Monetizing a privately held company requires seamless coordination of your personal wealth management and business monetization strategies. We can assist you at each stage of the process, highlighting key decisions, deadlines and milestones while working with your legal, tax and other advisors to help you increase value, reduce tax liabilities and integrate the proceeds of your sale into a comprehensive wealth management strategy.

Philanthropy Management

Your list of charitable goals is as unique as your idea of what a better world looks like. However, choosing your goals might be difficult when there are so many deserving causes and unmet needs. We can help guide you through this process. Let's talk about how.

Trusts and Estate Planning

We will work closely with you to help define how you want your life's work and wealth to continue to benefit the people and causes you love and care for. We examine your tax and estate planning strategies to ensure that your asset allocation analysis appropriately reflects your tax and estate planning's tax features.

Family Governance

Most families either never address their governance needs or wait until they are in a crisis—picking up the pieces afterwards—before they finally get serious about creating and implementing a robust family governance system.

Insights for Entrepreneurs

Working with us, you gain access to the intellectual capital and vast resources of our firm to help you manage your personal finances. Private Wealth Management can extend that range into your professional life, delivering the capital markets and institutional investing solutions needed to help pursue the strategic ambitions of your enterprise.

Overview of Wealth Planning Structures

As the value of your company increases, it can become increasingly difficult to effectively redistribute the wealth among family members. One solution to this dilemma involves establishing estate planning structures that permit beneficiaries to profit from the appreciation in company value, while hopefully minimizing the impact of federal estate and gift taxes.

Overview of Wealth Planning Structures

The Public Sales of Privately Held Businesses

When it comes to the public sales of privately held business, there are basic liquidity scenarios: a cash sale, a tax-free stock acquisition (usually by a public company) or an IPO. Each situation involves different considerations and careful deliberation.

The Public Sales of Privately Held Businesses

Family-Owned Business Succession Strategies

Raising children who are not only willing but also capable of taking over the family enterprise is an exceptional achievement. However, it can create complex challenges related to your own retirement planning, family dynamics and the operation of your business. In order to manage transfer taxes, it is best to implement planning in advance of significant appreciation in the business.

Family-Owned Business Succession Strategies

Philanthropic Strategies and Structures

Building a successful business offers you a platform to create the change you want to see in the world. There is a multitude of strategies to consider with each option carrying unique characteristics from various forms of donor control to varying degrees of flexibility, cost and complexity.

Philanthropic Strategies and Structures

Understanding Equity Compensation

Depending on your exit strategy, you may reach a point where the better part of your net worth is held in the form of publicly traded stock and options. You may have to manage different types of incentive compensation, and decide if, how, and when you want to divest some of these assets to diversify your overall holding and pursue your future business, philanthropic and wealth transfer goals.

Understanding Equity Compensation

Awards & Recognition

Tim Moore | 2025, 2024 Washingtonian Top Financial Advisor

2025, 2024 Source: WASHINGTONIAN (Awarded January 2025, 2024) Data compiled by WASHINGTONIAN based on:
2025 Award: 2023-2024
2024 Award: 2022-2023
(For criteria & methodology, go to (https://www.washingtonian.com/best/financial-advisers/)

Terrance McGowan | 2025, 2024 Washingtonian Top Financial Advisor

2025, 2024, 2023 Forbes Best-In-State Wealth Management Teams

Source: Forbes.com (Awarded 2023, 2024, 2025) Data compiled by SHOOK Research LLC based 12-month time period concluding in March of year prior to the issuance of the award.

2019-2023 Tim Moore Washingtonian Best Financial Advisor

2019-2023 Source: WASHINGTONIAN (Awarded March 2022) Data compiled by WASHINGTONIAN based on
2019-2023 (For criteria & methodology, go to (https://www.washingtonian.com/best/financial-advisers/)

2019-2023 Terrance McGowan Washingtonian Best Financial Advisor

2019-2023 Source: WASHINGTONIAN (Awarded March 2023) Data compiled by WASHINGTONIAN based on
2019-2023 (For criteria & methodology, go to (https://www.washingtonian.com/best/financial-advisers/)

Tim Moore| 2024, 2023 5 Star Wealth Manager

2024, 2023 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2024, 2023) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2024 Award - 01/09/24 - 08/9/24
2023 Award - 11/14/22 - 05/31/23

Awards Disclosures

2024, 2023 Tim Moore Forbes Best-In-State Wealth Advisors

Source: Forbes.com (Awarded April 2023, 2024) Data compiled by SHOOK Research LLC based on time period from 6/30/21 - 6/30/22, 6/30/22 - 6/30-23

2024, 2023 Terrance McGowan Forbes Best-In-State Wealth Advisors

Source: Forbes.com (Awarded April 2023, 2024) Data compiled by SHOOK Research LLC based on time period from 6/30/21 - 6/30/22, 6/30/22 - 6/30-23

WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

Our mission is to help your company elevate your workplace financial benefits—helping you to attract and retain top talent. Our end-to-end solutions support your company and employees at any stage of growth through a powerful combination of modern technology, insightful guidance, and dedicated service.

Equity Solutions

Equity ownership is a powerful motivator. Streamline equity management through our leading-edge technology and provide global audit-ready reporting and insights, alongside customizable participant experiences to engage and educate your employees on how to make the most of their benefits. Our global solutions support private and public companies at any stage of growth.

• Equity Administration and Financial Reporting
• Liquidity Events
• 409A Valuation Services and Cap Table Management

Learn more

Retirement

For your employees, retirement is more than a date in the future—it's a milestone that takes time, hard work, and the right tools. Through our consultative process, we strive to assist with the management of your fiduciary responsibilities and risk, simplify plan management, and help you improve retirement readiness for your employees.

• Defined Contribution Consulting
• Solutions-Oriented Plans
• Fiduciary Investment Oversight

Learn more

Deferred Compensation

Access a range of Nonqualified Deferred Compensation plan services or pick the ones that best fit your needs. We provide recordkeeping and plan design, portfolio construction services, and plan education for your executive talent. We help you determine the appropriate plan design and inform a funding strategy through a needs-based assessment and consultative approach.

Services include:

Recordkeeping and Plan Design
Portfolio Construction
Wealth Management Services

Learn more

Executive Services

Our dedicated team provides concierge-level support for your executives' equity compensation plans, from 10b5-1 trading plans to form filing related to Rule 144 transactions, to access to wealth management and tax-optimization strategies, so helping them navigate their complex financial needs with greater confidence and certainty:

Equity Compensation Services
Equity Award Analysis
Specialized Solutions

Learn more

Saving and Giving

Saving and Giving benefits can make a real difference in your employees' lives as they can support the things that matter most to them—like saving for education and repaying student loans. Show that you are committed to your employees' priorities with leading-edge solutions that help them chart a path toward financial well-being.

College Savings
Student Loan Repayment and Refinancing
Charitable Giving

Learn more

Financial Wellness

We offer Financial Wellness with every solution we provide. Through a powerful combination of education, digital tools and guidance, Financial Wellness is designed to address the unique needs of your employees and empower their financial journey at every stage. Give your employees the confidence to take charge of their finances.

• Financial Education
• Digital Tools
• Financial Guidance

Learn more

Location

1747 Pennsylvania Ave NW

Ste 700

Washington

DC 20006

Direct:

(202) 292-5410(202) 292-5410

Meet Terrance McGowan | Tim Moore

Managing Director, Private Wealth Advisor, Family Wealth Director, Alternative Investments Director

Learn more about my specialty in Equity Compensation

Phone:

(202) 292-5411(202) 292-5411

View My Bio

Tim Moore

Managing Director, Private Wealth Advisor, Family Wealth Director, Alternative Investments Director

Learn more about my specialty in Equity Compensation

Phone:

(202) 292-5410(202) 292-5410

View My Bio

Sabrina Van Straten

Vice President, Director of Investments

Phone:

(202) 292-5401(202) 292-5401

View My Bio

Erin Turner

First Vice President, Group Director, Wealth Management Associate

Phone:

(202) 292-5412(202) 292-5412

View My Bio

Jasmine Isreal

Wealth Management Associate

Phone:

(202) 292-5414(202) 292-5414

View My Bio

About Terrance McGowan

Drawing on over 30 years of experience working with ultra high net worth families, Terrance McGowan addresses the complex investment and wealth management challenges encountered by public and private company executives and nonprofit organizations. Terrance’s focus areas include pre-M&A and IPO personal planning, diversification of concentrated equity positions, trust and wealth transfer planning, tactical asset allocation, and alternative investment selection including ESG/SRI and Impact Investment strategies. He joined Morgan Stanley’s Private Wealth Management Division from Goldman Sachs, where he was a private client advisor for 12 years. Prior to Goldman Sachs, Terrance represented JP Morgan, Credit Suisse, and Bank of America Merrill Lynch in Washington, D.C. and New York.

Terrance graduated from the University of Vermont with a B.S. in resource economics. He is currently on the Board of Signature Theater in Arlington, Virginia and is the former Chairman of the Network for Teaching Entrepreneurship-Greater Washington (NFTE).

Securities Agent: OR, CT, VI, AL, OH, GA, WA, SC, NJ, MD, FL, VT, IL, CA, VA, PR, DC, AR, TX, PA, NY, NM, NH, NC, MT, MO, IN, DE, WI, MI, ME, CO, UT, WV, TN, NV, MA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1684364

About Tim Moore

Tim Moore is a Managing Director within Morgan Stanley Private Wealth Management. Drawing upon 25+ years of experience, Tim provides comprehensive advice to ultra-high net worth client families in the areas of strategic and tactical asset allocation, portfolio implementation, diversification strategies for concentrated positions and wealth transfer and charitable planning strategies. Prior to joining Morgan Stanley, Tim represented Goldman Sachs Private Wealth Management for 12 years and The Private Bank at Bank of America for 11 years.

Tim serves on the National Advisory Board of Family Reach, a non-profit organization dedicated to alleviating the financial burden of cancer. He is a former President and board member for the Association for Corporate Growth (ACG) National Capital Region, a leading authority on corporate growth. Tim previously served as Chairman and board member for JUST TRYAN IT, a charity that provides financial assistance to families with a child in cancer treatment.

Tim graduated from Middle Tennessee State University with a BBA in Finance. Tim and his wife, Amy, live in Potomac, Maryland, with their two children. He is an avid runner, cyclist and triathlete.

Securities Agent: CA, NJ, NC, GA, CO, VI, PA, ME, DE, CT, AL, WI, TN, OR, MA, IN, DC, NH, NV, TX, SC, PR, IL, WV, VT, MT, MO, FL, AR, VA, OH, UT, WA, NY, NM, MI, MD; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1657692

About Sabrina Van Straten

Sabrina serves as the Director of Investments and is responsible for the development of client target asset allocation models and oversight of investment manager implementation, portfolio rebalancing and performance reporting metrics. She has over fifteen years of experience in the investment industry focused on asset allocation and manager due diligence across public and private investments. She began her career in New York City, selecting alternative investments for HSBC’s International Private Banking division and Robeco Investment Management’s hedge fund-of-funds. Sabrina later worked with high-net-worth clients, trusts and multigenerational families at Comerica Wealth Management in Dallas. As a senior investment strategist, she created customized investment portfolios designed for sophisticated wealth objectives with manageable risks.

Sabrina has a master’s degree in international economics from the Johns Hopkins University SAIS in Washington, DC and she lives with her husband and two children in Arlington, Virginia. She previously volunteered as a member of the Finance Committee for the Texas Women’s Foundation, an organization dedicated to the economic advancement of women and girls. Sabrina is currently an active volunteer with the Girl Scouts in northern Virginia. She also enjoys visiting other countries and lived in Europe for several years.

About Erin Turner

Erin Moore Turner joined Morgan Stanley Private Wealth Management after 10 years at Goldman Sachs. Erin is the team’s Group Director providing leadership in the areas of ongoing operations, maintenance, and service for clients. Prior to entering the securities industry, Erin worked as a financial analyst for the National Academy of Sciences. Erin graduated from George Washington University with a Bachelor’s Degree in Business Administration. She has volunteered her time with several organizations including DC EITC Campaign and the Leukemia and Lymphoma Society.

Erin resides with her husband, Gray, and their dog in the Petworth neighborhood of D.C

About Jasmine Isreal

Jasmine is a seasoned professional with a decade of experience in the financial services industry. Jasmine began her career at Steben & Company, a leading alternative asset manager, and later joined TD Ameritrade as an Investment Consultant. Immediately prior to joining Morgan Stanley PWM, Jasmine was serving high-net-worth clients as a Wealth Management Associate in the UBS PWM flagship DC office. With a keen eye for process efficiency and a dedication to exceptional service, Jasmine brings a wealth of expertise to her role at Morgan Stanley.

Jasmine resides in Silver Spring, MD, alongside her spouse and their son. During her free time, she finds joy in traveling and actively engages as a team mom for her son’s soccer team.

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

Kelly Bidstrup

Planning Associate

View My Bio

About Kelly Bidstrup

Kelly Bidstrup is a Planning Associate at Morgan Stanley providing dedicated financial planning support to Advisors and their teams. Operating as an extension of the FA/Team, she collaborates with clients to discover and define goals that matter most to them. Leveraging state of the art technology, she will evaluate various alternatives and their potential outcomes to help clients confidently choose the appropriate course of action. Kelly provides expertise across a wide suite of Morgan Stanley planning tools designed to assist in the areas of investment accumulation, retirement, education, major purchase, cash flow, risk management, tax efficiency, and wealth transfer planning.

She earned her undergraduate degree from Texas A&M University and received the Financial Planning Specialist^® designation from the College for Financial Planning. Kelly is originally from Chicago, Illinois and currently resides in New York City, NY.

Private Wealth Management

Professional Insights

2024 Election: Stats & Facts

Learn More

View All Documents

Wealth Management

Global Investment Office

Portfolio Insights

Read "On the Markets"

Equity Compensation

Helping you make the most of your equity awards and better understand how it may fit into your your larger financial picture – today and tomorrow.

Vesting events
Option expirations
Restricted stock units
Tax implications

Managing Significant Wealth

Investment Management
Wealth Transfer & Philanthropy
Cash Management & Lending
Family Governance & Wealth Education
Lifestyle Advisory
Business Services

Learn More

Funding Climate Action: Pathways for Philanthropy

Share a new report in collaboration with the Aspen Institute. The report aims to help climate-oriented philanthropists explore critical issues and align their wealth management strategies with their environmental impact ambitions.

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.

Learn More

Impact That Lasts: How to Get Involved in Policy Advocacy

Philanthropists can help achieve lasting change by considering policy advocacy. Here’s how to get started.

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

Learn More

Listen | The Pyramid of Giving: When to Say Yes. How to Say No.

You can support the people and causes you care about, while also turning down requests when you feel you have done enough. Tune in for tips and hear from Katherine Lorenz, President of the Cynthia and George Mitchell Foundation, who shares her story.

We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.

Market Information Delayed 20 Minutes

¹Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by 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.

Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® 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

CRC 4237142 (02/2025)

Terrance McGowan | Tim Moore

Our Mission Statement

Our Clients

About PWM

Planning For Your Family's Needs

Insights for Entrepreneurs

Awards & Recognition

WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

Location

Meet Terrance McGowan | Tim Moore