Phone:
(650) 234-5189(650) 234-5189
The Avner Group at Morgan Stanley
Direct:
(650) 234-5149(650) 234-5149
Our Mission Statement
We advise individuals, families, entrepreneurs, and startups through financial complexity. Our integrated, relationship-driven approach brings together wealth management, investments, banking, lending, and capital strategy. That work is supported by a stable platform with the strength, scale, and security of Morgan Stanley. Clients can trust their financial future is anchored to a foundation built to endure across change and market cycles.
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OUR STORY AND SERVICES
Founders, executives, families, and businesses rarely experience their financial lives in clearly defined stages. Growth, liquidity, risk, and personal decisions tend to converge under pressure, precisely when coordination matters most. Yet advice is still too often fragmented across firms, teams, and specialties.
Pierre and Michael Manneh each spent decades advising clients through these moments from different vantage points. Pierre worked closely with founders, executives, and individuals as they built companies, navigated inflection points, and prepared for liquidity and transition. In parallel with that work, Michael advised many of the same types of clients, including venture-backed companies, startups, and families, helping them navigate the broader financial implications as businesses scaled and personal balance sheets became more complex.
Clients felt the friction when investments, banking, lending, and personal decisions were handled separately. The strongest outcomes came from understanding the full picture early and staying involved as decisions evolved. Bringing their experience together created one team and one place for coordinated thinking and continuity across personal, business, and investment decisions.
Today, Pierre and Michael bring that shared perspective to clients who want a more direct relationship, clearer judgment, and advice that stays aligned as circumstances change. Their work focuses on coordinated decision making across personal, business, and investment priorities, supported by the depth, stability, and global platform of Morgan Stanley. The result is a single, trusted relationship built to support complexity with clarity and endure over time.
How We Support Clients
- Integrated Wealth Advisory - Coordinated guidance across personal, business, and investment decisions, led by one team that sees the full picture and keeps advice aligned as priorities shift.
- Private Banking for Individuals, Businesses and Startups - Cash management, credit, and liquidity solutions supporting operating needs, personal balance sheets, and major life events.
- Investment Management and Tax-Efficient Portfolio Strategy - Portfolio design and allocation aligned with your objectives, with a focus on tax-efficient investment solutions.
- Liquidity and Transition Planning - Support through capital events, exits, compensation planning, and major liquidity decisions.
- Founder, Executive, and Startup Planning - Advice across equity compensation, capitalization, cash flow, and financial structuring as companies and careers scale.
- Family and Multigenerational Planning - Coordination of estate, legacy, and philanthropic strategies to support continuity across generations.
Services Include
- Cash Management and Lending ProductsFootnote1
- Wealth ManagementFootnote2
- Estate Planning StrategiesFootnote3
- Alternative InvestmentsFootnote4
- Business Succession PlanningFootnote5
- Executive Financial ServicesFootnote6
- Stock Plan ServicesFootnote7
- Philanthropic ManagementFootnote8
- Endowments and FoundationsFootnote9
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Wealth Advisory & Private Banking
We provide integrated advice to help clients manage wealth across life events, liquidity moments, and generations. Our work spans estate and tax planning, family governance, and post liquidity strategies. We also provide modern private banking and lending solutions to support everyday cash needs and major financing decisions through a coordinated approach.
- Wealth Transfer and Trust Strategies
- Current Will, Trust and Insurance Review
- Foundation and Other Charitable Giving Strategies
- Coordination With Outside Legal and Tax Advisors
- A Robust Donor-Advised Fund
- Creating family governance structures and family governance documents
- Integrating the family's shared values into its estate planning strategies or wealth management vehicles
- Creating strategies designed to enhance the integrity of the family's wealth managment structures, and to help preserve and enhance the independance and protecting of fiduciaries
- Instruction is available for all ages, beginning as young as five years old
- Cash management in the same place as your investments could mean less logistics to manage for easier decision making
- More comprehensive advice from your Morgan Stanley team based on a broader view of your finances
- 24/7 access to our Service Professionals
- Any ATM is your ATM with unlimited fee rebates worldwide using the Morgan Stanley Debit Card
- No foreign transaction or cash advance fees
- Seamless access via Morgan Stanley Online and Mobile app
- Easily pay bills or move money with Zelle®, Online Transfers, and more
- Annual Engagement Bonus: Platinum CashPlus clients may receive an $895 Annual Engagement Bonus deposited into their Morgan Stanley Platinum CashPlus account if they have the card.
- Global Lounge Collection: Access to over 1,550 airport lounges, including Centurion Lounges.
- Uber Cash: Receive $15 in Uber Cash each month, plus a bonus $20 in December, totaling up to $200 annually.
- Digital Entertainment Credit: Up to $300 in statement credits annually for eligible purchases at participating partners.
- Resy Credit: Up to $400 in statement credits annually for eligible purchases with Resy.
- CLEAR® Plus Credit: Up to $209 in statement credits annually for a CLEAR® Plus Membership.
- Lululemon Credit: Up to $300 in statement credits annually for eligible purchases at U.S. lululemon retail stores and lululemon.com.
Estate Planning Strategies
The planning focus has shifted from just reducing estate tax burdens to more advanced solutions such as asset or divorce protection, multigenerational planning, privacy, asset control and flexibility, income tax savings. Our experienced professionals are available to discuss various tax, trust and estate strategies:
Family Governance & Next-Gen Education
Tax Strategies
From our tax-efficient strategies, innovative alternative investments, and exclusive thought leadership, we have the depth and breadth of resources to customize a mix of solutions for your individual needs.
Concentrated Equity & Diversification Strategies
Implement multi-faceted strategies for a personal plan to help diversify concentrated equity positions, effectively manage capital gains, and achieve financial goals like philanthropy and legacy planning. By engaging a range of solutions such as options-based strategies, exchange funds, and planned giving, the bespoke approach aims to reduce both idiosyncratic and systematic risks.
Preferred Savings Program
Morgan Stanley offers a Preferred Savings Program designed to help clients make the most of your idle cash with a competitive yield that helps keep your savings work for you.
Lending Solutions
Whether you're buying or refinancing a home, purchasing a vacation or investment property, or helping a family member realize their home ownership goals, let us help you find an optimal financing solution.
Modern Alternative to Banking
Platinum Card from American Express
The Platinum Card® from American Express for Morgan Stanley offers a variety of benefits, including:
Business Banking & Innovation Solutions
Early Stage
Navigate early-stage growth with confidence. We offer a full suite of solutions designed to simplify your finances and help you grow, including modern alternatives to banking, robust liquidity and cap table management, and tailored financing options.
Growth Stage
We offer end-to-end solutions to manage the complexities of scaling. Fuel your growth trajectory with our full spectrum of private capital experience.
Late Stage
Monetizing your success demands a global partner with unparalleled experience. We support late-stage companies in optimizing their exit strategies through integrated services: comprehensive account structures, international payment capabilities, bespoke investment management, and world-class strategic advisory.
Succession Strategy and Business Liquidity
Determine a business succession and/or estate plan encompassing your enterprise. Secure access to liquidity for business needs.
Family Office Resources
The Avner Group provides integrated, family office–style support for founders, entrepreneurs, executives, and families whose financial lives span business growth, personal wealth, and multigenerational planning. The team works alongside clients across the full lifecycle, from early-stage companies and emerging wealth to complex liquidity events and long-term stewardship. By combining a relationship-driven advisory approach with access to Morgan Stanley's Family Office Resources, the team helps clients make coordinated, informed decisions that address investment, banking, governance, and legacy planning with clarity and continuity.
Wealth and Estate Planning Strategies
Guidance on tax, trust, and estate planning approaches, with a focus on integrating these strategies into the broader investment and balance sheet picture.
Family Governance and Legacy Planning
Support for preserving shared values, establishing governance structures, and creating an enduring family legacy across generations.
Investment and Risk Management
Coordinated investment strategy and risk management designed to align portfolios with long-term objectives, liquidity needs, and concentrated wealth considerations.
Private Banking, Cash Management, and Lending
Integrated cash management and lending solutions for individuals and businesses, supporting operating needs, liquidity planning, and major life or business events.
Founder, Executive, and Startup Advisory
Planning around ownership interests, compensation structures, capitalization, and liquidity milestones as companies scale and careers evolve.
Philanthropy Strategy and Implementation
Advisory support and giving platforms to help define charitable goals and implement thoughtful philanthropic strategies.
Lifestyle, Health, and Wellness Advisory
Access to curated third-party resources addressing lifestyle needs, wellness education, and specialized personal considerations beyond traditional finance.
Single Family Office Advisory and Education
Resources and guidance for existing or prospective single family offices, including wealth education, governance support, access to exclusive experiences and select referral services.
SERVICES FOR BUSINESS OWNERS AND EXECUTIVES
Executive Financial Services
As a successful corporate executive, you face unique challenges. Morgan Stanley offers services designed for executives like you, helping you make more informed choices and manage your wealth more effectively.
Concentrated Stock & Options Analysis
Designed for executives who have significant wealth in stock and options of their company, the Concentrated Stock and Options Analysis illustrates various valuations of holdings as well as hypothetical diversification scenarios.
Understanding Your Equity Awards
Equity awards are a recognition of your executives' hard work. Let's help put them to good use. Leveraging an innovative analysis platform, our team provides strategy and perspective to help your leaders maximize the impact of their equity.
Best-In-Class Rule 10b5-1 & 144 Transaction Services
As a corporate executive, you may be aware of material non-public information at any time and can also face company-imposed quarterly or specific blackout periods restricting market access to trading your company stock. A 10b5-1 plan is designed to address these issues. By utilizing a 10b5-1 plan, you can gain an affirmative defense against claims of insider trading. Your plan can include tailored trading schedules that coordinates with your personal need for liquidity and your own timing requirements.
AWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
2775 Sand Hill Road
Suite 120
Menlo Park, CA 94025
US
Direct:
(650) 234-5149(650) 234-5149
Meet The Avner Group
Phone:
(650) 234-5181(650) 234-5181
Genna Venturoni
Client Service Associate, Client Service Associate
Phone:
(650) 234-5182(650) 234-5182
About Michael A. Manneh
Michael Manneh is an Executive Director at Morgan Stanley Wealth Management, based in the firm’s Sand Hill Road office. He brings more than 25 years of experience advising founders, executives, and families whose personal and business decisions are closely intertwined and increasingly complex.
Michael’s work centers on helping clients make clear, well timed decisions across wealth, banking, lending, and capital strategy. He partners closely with clients during periods of growth, transition, and inflection, providing perspective, coordination, and disciplined judgment when the stakes are high and outcomes matter.
Prior to joining Morgan Stanley, Michael served as Managing Group Director and Executive Vice President at Flagstar Private Bank, where he operated in a build environment during a formative period for the firm’s private banking platform. His focus was on helping establish core private banking processes, supporting team development, and working closely with clients as the platform evolved to meet the needs of technology and entrepreneurial households.
Earlier in his career, Michael spent more than two decades at First Republic Bank as a Senior Managing Director. He played an integral role in the build out of the firm’s Silicon Valley presence, joining in its early growth phase and remaining through significant national expansion. During that time, he advised family offices, emerging fund managers, startups and founders, and high earning professionals early in their wealth creation journeys. He became a trusted resource for clients and colleagues navigating complex personal and business decisions and has long worked with clients on a bi coastal basis.
Michael’s experience spans wealth planning, credit and lending strategy, risk considerations, and major capital decisions. He is known for a steady, principled approach and for helping clients align financial strategy with long term objectives.
Michael is a Fulbright Scholar and holds a Master of Environmental Management in Economic Policy and Development from Duke University, along with a Bachelor of Arts in City Planning and Economic Development from the University of California, Berkeley.
NMLS ID Number: 487219
Michael’s work centers on helping clients make clear, well timed decisions across wealth, banking, lending, and capital strategy. He partners closely with clients during periods of growth, transition, and inflection, providing perspective, coordination, and disciplined judgment when the stakes are high and outcomes matter.
Prior to joining Morgan Stanley, Michael served as Managing Group Director and Executive Vice President at Flagstar Private Bank, where he operated in a build environment during a formative period for the firm’s private banking platform. His focus was on helping establish core private banking processes, supporting team development, and working closely with clients as the platform evolved to meet the needs of technology and entrepreneurial households.
Earlier in his career, Michael spent more than two decades at First Republic Bank as a Senior Managing Director. He played an integral role in the build out of the firm’s Silicon Valley presence, joining in its early growth phase and remaining through significant national expansion. During that time, he advised family offices, emerging fund managers, startups and founders, and high earning professionals early in their wealth creation journeys. He became a trusted resource for clients and colleagues navigating complex personal and business decisions and has long worked with clients on a bi coastal basis.
Michael’s experience spans wealth planning, credit and lending strategy, risk considerations, and major capital decisions. He is known for a steady, principled approach and for helping clients align financial strategy with long term objectives.
Michael is a Fulbright Scholar and holds a Master of Environmental Management in Economic Policy and Development from Duke University, along with a Bachelor of Arts in City Planning and Economic Development from the University of California, Berkeley.
NMLS ID Number: 487219
Securities Agent: OR, MA, FL, CO, WY, CA, UT, PA, OH, VA, NC, MT, MN, ME, MD, ID, HI, GA, DE, TN, NV, IL, AZ, NY, IN, WI, TX, SD, MI, WA, NJ, KS; General Securities Representative; Investment Advisor Representative
NMLS#: 487219
CA Insurance License #: 0K32572
NMLS#: 487219
CA Insurance License #: 0K32572
About Pierre A. Manneh
Pierre Manneh advises founders, executives, and individuals whose financial lives are shaped by equity ownership, growing businesses, and periods of transition. His work centers on helping clients make clear, coordinated decisions as personal, business, and investment considerations become increasingly interconnected.
Pierre believes wealth planning is most effective when it begins with a deep understanding of what matters most to the individual. Whether working with an early career professional building wealth for the first time or a founder or executive approaching a liquidity event, his approach is consistent: listen carefully, define priorities, and align financial decisions around long term objectives.
As wealth evolves, Pierre works closely with clients to structure portfolios, evaluate lending solutions, and manage risk, while coordinating estate, legacy, and philanthropic planning to support long term and multigenerational goals. He serves as a steady point of guidance as personal circumstances change, helping clients anticipate decisions rather than react to them. In parallel, Pierre advises clients across key stages of the entrepreneurial and executive journey, supporting equity compensation planning, liquidity events, concentrated positions, and major capital decisions through a tax aware and risk conscious lens. He integrates investment strategy, cash flow planning, and long term structuring to help business owners and executives navigate complexity with clarity and confidence.
Pierre earned his MBA from the University of Southern California Marshall School of Business and holds an undergraduate degree in Economics from the University of California, Berkeley. He is a Certified Private Wealth Advisor (CPWA®), reflecting advanced practitioner level training and applied judgment in portfolio construction, tax optimization, estate and transfer strategies, and the behavioral factors that influence investor decision making.
Pierre believes wealth planning is most effective when it begins with a deep understanding of what matters most to the individual. Whether working with an early career professional building wealth for the first time or a founder or executive approaching a liquidity event, his approach is consistent: listen carefully, define priorities, and align financial decisions around long term objectives.
As wealth evolves, Pierre works closely with clients to structure portfolios, evaluate lending solutions, and manage risk, while coordinating estate, legacy, and philanthropic planning to support long term and multigenerational goals. He serves as a steady point of guidance as personal circumstances change, helping clients anticipate decisions rather than react to them. In parallel, Pierre advises clients across key stages of the entrepreneurial and executive journey, supporting equity compensation planning, liquidity events, concentrated positions, and major capital decisions through a tax aware and risk conscious lens. He integrates investment strategy, cash flow planning, and long term structuring to help business owners and executives navigate complexity with clarity and confidence.
Pierre earned his MBA from the University of Southern California Marshall School of Business and holds an undergraduate degree in Economics from the University of California, Berkeley. He is a Certified Private Wealth Advisor (CPWA®), reflecting advanced practitioner level training and applied judgment in portfolio construction, tax optimization, estate and transfer strategies, and the behavioral factors that influence investor decision making.
Securities Agent: OH, CA, TN, NY, KS, IL, MA, IN, AZ, DE, WY, VA, PA, NV, NC, ID, SD, MD, UT, NJ, CO, OR, MN, MI, ME, HI, WI, WA, TX, GA, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 1301153
NMLS#: 1301153
About Genna Venturoni
Genna Venturoni is a Client Service Associate with The Avner Group at Morgan Stanley Wealth Management. She works closely with ultra high net worth clients, family offices, and senior executives, supporting the day-to-day execution and coordination of complex financial relationships.
Genna plays a central role in delivering a high touch, white glove client experience. She is often the primary point of coordination for onboarding, account maintenance, and ongoing service needs, helping ensure a seamless transition onto the Morgan Stanley platform. Her work is focused on creating clarity and consistency for clients, allowing them to move through important financial decisions and life events with confidence and continuity.
She partners closely with the team to support clients across different stages of their financial lives, including executives with equity compensation and stock plan considerations, as well as families navigating evolving wealth structures. Genna is known for her responsiveness, attention to detail, and ability to manage the day-to-day complexity that comes with sophisticated client relationships.
Genna joined Morgan Stanley in 2022 and became part of The Avner Group in 2026. She holds a Bachelor’s degree in Marketing from Menlo College and an MBA in Finance from Notre Dame de Namur University.
Genna plays a central role in delivering a high touch, white glove client experience. She is often the primary point of coordination for onboarding, account maintenance, and ongoing service needs, helping ensure a seamless transition onto the Morgan Stanley platform. Her work is focused on creating clarity and consistency for clients, allowing them to move through important financial decisions and life events with confidence and continuity.
She partners closely with the team to support clients across different stages of their financial lives, including executives with equity compensation and stock plan considerations, as well as families navigating evolving wealth structures. Genna is known for her responsiveness, attention to detail, and ability to manage the day-to-day complexity that comes with sophisticated client relationships.
Genna joined Morgan Stanley in 2022 and became part of The Avner Group in 2026. She holds a Bachelor’s degree in Marketing from Menlo College and an MBA in Finance from Notre Dame de Namur University.
Contact Michael A. Manneh
Contact Pierre A. Manneh
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
Sam Fatigato, CFP®
Financial Planning Director, First Vice President
Clint Eddy
Family Office Resource Generalist
About Sam Fatigato
Sam Fatigato is a vice president and financial planning director serving Morgan Stanley Wealth Management offices in the Orange County area of Southern California. He is responsible for helping financial advisors with their clients’ and prospects’ financial planning needs.
Sam began his career in 2012 as a financial advisor and joined Morgan Stanley in 2022. Prior to his current position, he was a sales manager for a major insurance company that was responsible for the distribution of retirement income and savings solutions to financial advisors and their respective clients.
Sam graduated from the University of Illinois at Champaign-Urbana with an emphasis on consumer economics and finance and holds his CERTIFIED FINANCIAL PLANNER™ designation. Sam lives in Laguna Niguel, CA, with his wife, Kathryn, and their dog, Cooper. Outside of work, Sam is an avid sports fan and a former hockey player. He enjoys being active, traveling to the mountains with family, and hiking.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
Sam began his career in 2012 as a financial advisor and joined Morgan Stanley in 2022. Prior to his current position, he was a sales manager for a major insurance company that was responsible for the distribution of retirement income and savings solutions to financial advisors and their respective clients.
Sam graduated from the University of Illinois at Champaign-Urbana with an emphasis on consumer economics and finance and holds his CERTIFIED FINANCIAL PLANNER™ designation. Sam lives in Laguna Niguel, CA, with his wife, Kathryn, and their dog, Cooper. Outside of work, Sam is an avid sports fan and a former hockey player. He enjoys being active, traveling to the mountains with family, and hiking.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CA Insurance License #: 0139677
About Clint Eddy
Clint Eddy is an Executive Director with the Family Office Resources (FOR) team at Morgan Stanley. As a Generalist with FOR he helps Financial Advisors and their clients curate and navigate an expansive suite of highly specialized resources to address the complex, multifaceted challenges of managing significant wealth so clients may make complicated decisions confidently.
Prior to joining Morgan Stanley in 2022, Clint was a Wealth Strategist at Merrill Lynch for over 15 years. Clint also practiced tax and business law at the law firm of Fox Rothschild for over six years. He was a member of the firm’s Estate Planning and Tax and Corporate Transactions groups. Clint is a member of Washington State Bar Association (WSBA). He is the co-author of the Washington Partnership and Limited Liability Company Deskbook and was named a “Rising Star” by Washington Law and Politics magazine.
Clint received his Master of Laws in Taxation from the University of Washington School of Law, his Juris Doctor from the University of Oregon School of Law, and his Bachelor of Arts from the University of Washington. He is Series 7 and 66 licensed.
Outside of work Clint is an avid, but admittedly, pretty awful skier. He and his fiancé live in Seattle with their 10 year old Boston Terrier named Annie.
Prior to joining Morgan Stanley in 2022, Clint was a Wealth Strategist at Merrill Lynch for over 15 years. Clint also practiced tax and business law at the law firm of Fox Rothschild for over six years. He was a member of the firm’s Estate Planning and Tax and Corporate Transactions groups. Clint is a member of Washington State Bar Association (WSBA). He is the co-author of the Washington Partnership and Limited Liability Company Deskbook and was named a “Rising Star” by Washington Law and Politics magazine.
Clint received his Master of Laws in Taxation from the University of Washington School of Law, his Juris Doctor from the University of Oregon School of Law, and his Bachelor of Arts from the University of Washington. He is Series 7 and 66 licensed.
Outside of work Clint is an avid, but admittedly, pretty awful skier. He and his fiancé live in Seattle with their 10 year old Boston Terrier named Annie.
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Morgan Stanley, its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Morgan Stanley, its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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
A Simple Six-Step Retirement Checkup
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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
Iran Conflict: Seven Takeaways for Investors
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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
529 Plans: A Powerful Tool to Save for Education
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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
Ready to start a conversation? Contact The Avner Group today.
1Morgan 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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning and other legal matters.
4Alternative 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.
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.
6Morgan 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.
7Morgan 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.
8Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other 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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning and other legal matters.
4Alternative 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.
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.
6Morgan 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.
7Morgan 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.
8Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and 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 matters involving trust and estate planning, charitable giving, philanthropic planning and other 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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 4763067 (9/2025), 5378280 (5/2026)
