The Banning Feibleman Group at Morgan Stanley

Raised in Denver, Colorado, from an early age Keith knew he wanted to be a professional baseball player. When he was unable to hit a slider, however, he fell back to his love of investing. He graduated from the University of Northern Colorado in 1985 with a degree in finance and began his career in financial services with EF Hutton. Shortly after starting his career as a financial advisor, the market experienced “Black Monday” when the Dow Jones Industrial Average dropped 508 points or 22.6% of its total value. At that time, it was the biggest percentage drop ever recorded for a single day. Despite that historic day in the market, Keith continued with a firm commitment to his clients and their goals, which has led to a thriving wealth management practice.

Now, as an investment professional with over 36 years’ experience and a Certified Financial Planner™, Keith Banning is still firmly committed to providing families and businesses comprehensive financial advice by carefully listening to each client’s individual goals, values, aspirations, and concerns. His approach is to provide clients with an understanding of the current economic environment so that they are informed and empowered when making a decision that affects their family and/or business. By utilizing the full intellectual capital of Morgan Stanley, he strives to educate and guide his clients in the areas of cash management, portfolio management, lending solutions, estate and philanthropic planning strategies. He works closely with his clients to create a comprehensive financial plan. Then, and only then, does he implement a wealth management strategy that addresses cash management, retirement planning, comprehensive estate planning, tax-minimization strategies, and if applicable, business succession planning.

As a Portfolio Management Director and Managing Director with Morgan Stanley Wealth Management, he focused his energy to meet the ever changing needs of his clients and obtained the title of Family Wealth Director and Global Sports and Entertainment Director sponsored by Morgan Stanley’s Global Wealth Management. These exclusive designations are granted to those Financial Advisors who have successfully completed a rigorous accreditation program focused on skills required for comprehensive wealth management across a range of disciplines important to the unique circumstances of wealthy individuals.

When not working, Keith enjoys spending time with his wife, Denise and sons, Ryan and Benjamin. They enjoy traveling, golf and spending time playing with their Goldador dog named Bear.

Peter Feibleman is a Senior Vice President and Senior Portfolio Management Director with Morgan Stanley and a founding member of the Banning Feibleman Group. Based in Irvine, Calif, he has more than four decades of experience in financial services, all with Morgan Stanley and predecessor firms of the company.

Peter has firmly established a stellar reputation for building and managing fixed-income and equity portfolios for a wide range of investors, especially those close to retirement and those already enjoying their leisure years. He has over 40 years experience managing portfolios through many interest rate cycles.

In those early years, Peter discovered that he could not only help investors generate income by laddering bonds but also help realize appreciation as the Federal Reserve lowered interest rates to fight inflation.

As his career progressed, Peter incorporated stocks into his repertoire, which continues to this day. Since Keith Banning – the other founding member of the Group – focuses most of his time on researching and recommending equities, the Group offers clients a great depth of knowledge in the two main areas of investing: stocks and bonds.

Peter holds a Bachelor of Arts degree in finance from the University of Oregon. He is married with two children. His son, Sean, is a member of the Banning Feibleman Group. Peter’s daughter Heather works as a media analyst. His wife, Leslie, is the Director of Special Programs and Community Cinema at the Newport Beach Film Festival and is co-creator and curator of the Cinema Orange film series at the Orange County Museum of Art.

Peter’s hobbies include skiing, stand-up paddle boarding and playing the guitar. In his youth, he aspired to be a rock star but traded that dream for following the markets. He’s also a voracious reader. On any given day, you will find him browsing through any number of publications, mainly The Wall Street Journal, Barron’s, The New York Times and the Los Angeles Times, in his never-ending search for prudent ways to help his clients.


Diversification does not guarantee a profit or protect against loss in a declining financial market.

Bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally the longer a bond's maturity, the more sensitive it is to this risk. Bonds may also be subject to call risk, which is the risk that the issuer will redeem the debt at its option, fully or partially, before the scheduled maturity date. The market value of debt instruments may fluctuate, and proceeds from sales prior to maturity may be more or less than the amount originally invested or the maturity value due to changes in market conditions or changes in the credit quality of the issuer. Bonds are subject to the credit risk of the issuer. This is the risk that the issuer might be unable to make interest and/or principal payments on a timely basis. Bonds are also subject to reinvestment risk, which is the risk that principal and/or interest payments from a given investment may be reinvested at a lower interest rate.

The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.

Ryan Banning is a Certified Financial Planner, Associate Vice President, and Financial Advisor with Morgan Stanley in Irvine, California. He is an integral part of The Banning Feibleman Group, a financial advisory team serving a wide range of individuals, businesses and institutions.

Well-versed in the financial markets and deeply committed to his clients, Ryan is highly adept at providing sound advice to investors and delivering the highest level of service and support every business day.

Finance has been a part of Ryan’s life for as long as he can remember. His father, Keith, a senior Financial Advisor of The Banning Feibleman Group, often brought his work home with him when Ryan was growing up.

“He was always very passionate about managing wealth, a trait he passed on to me,” Ryan recalls. “Like him, I awake early every day to read The Wall Street Journal and sift through reports that can make me a better investor for our clients.”

Instead of using third-party managers to invest client assets, The Banning Feibleman Group relies on its experience at creating comprehensive financial plans, selecting individual securities for investment and managing diversified portfolios for clients.

The other half of the Banning Feibleman Group consists of another father-son combination: Peter Feibleman and his son, Sean. Peter and Keith Banning have been working together for over 35 years.

Ryan is a graduate of Boston College. In his free time, he enjoys being with friends, family and his faithful dog Bear, a Labrador Retriever. He also likes playing basketball, attending sporting events and traveling.

Sean Carlson is a Portfolio Management Associate with the Banning Feibleman Group at Morgan Stanley in Irvine, Calif. Widely respected for his uncompromising integrity and steadfast work ethic, he has more than 15 years of experience in financial services.

Sean provides a wide array of services to both financial advisors and clients. Among his many responsibilities, he offers financial advisors advice on trades and strategies and keeps clients well-informed about their accounts and answers any questions they may have.
“My distinct focus every day is to provide the maximum benefit to our clients,” Sean says. “I believe in spending as much time with them as needed to help them feel comfortable doing business with the Group.”

Sean has a broad understanding of the financial markets and the many tools financial advisors can use to be more helpful and valuable to their clients, including esoteric trading strategies intended to hedge portfolios or enhance income.

A consummate team player known for his reliability, Sean began his career at UBS in 2007 before joining Morgan Stanley in 2009. At Morgan Stanley, he has firmly established a solid reputation for his professional acumen and desire to exceed expectations.

Additionally, given his long tenure with the firm, he knows whom to call at a moment’s notice to maximize Morgan Stanley’s global resources and vast capabilities for financial advisors and clients. Additionally, he’s an excellent communicator, problem-solver and listener.

A California native, Sean is a 1997 graduate of Devry University, where he obtained a Bachelor of Science degree in Business Administration. In his free time, he enjoys spending time with family, traveling and coaching his son’s traveling baseball team. He loves baseball, having played first base and the outfield on a semi-professional team. In fact, he attributes his work ethic and integrity to what he learned on the field.

Patricia Yamada is a Portfolio Associate with the Banning Feibleman Group at Morgan Stanley in Irvine, Calif. Known for her humility, tireless work ethic and unwavering desire to help people whenever possible, she has more than 18 years of experience in financial services.

Born and raised on Oahu, Hawaii, Patricia began her career making prospecting calls for UBS soon after graduating in 2004 from Gonzaga University, where she majored in Business Administration. A few months later, Morgan Stanley hired her as Client Service Associate, where she began to gain a deep understanding of the business.

Given her long tenure with Morgan Stanley, Patricia is highly adept at knowing whom to contact to get answers to any question in a timely and efficient manner. She has also cultivated long-established relationships with numerous colleagues at all levels of the firm.

As a Portfolio Associate, Patricia provides a wide array of high-quality services to both financial advisors and clients – from placing trades and recommending investment strategies, to keeping clients well-informed of the latest developments in their account.

“Whether I am dealing with Financial Advisors or clients,” she says, “I always have their best interest in mind.”

Patricia holds both the Series 7 and Series 66 license.

She is married to her husband, Kevin, a software engineer, and they have two beautiful children. Her hobbies include cooking, boxing and traveling. Each year she returns to visit her family in Oahu.

Peggy I. Pinkerton is a Registered Client Service Associate with The Banning Feibleman Group in Irvine, Calif. Known for her tireless work ethic, first-class service and exceptional communications skills, Peggy has more than three decades of experience in financial services. She has been with Morgan Stanley since August 2023.

Peggy is a keenly focused professional with a strong record of exceeding clients’ expectations because she works effectively and amicably with others, places immense importance on being well-organized and detail-oriented and is an excellent multi-tasker who thrives in a fast-paced, rapidly changing environment.

She has numerous certifications and licenses, frankly far too many to list in total. They include: Series 7 (General Securities Registered Representative), Series 8-9-10 (General Securities Sales Supervisor), Series 63 (Uniform Securities Agent State Law Exam) and Series 65 (Uniform Investment Advisor).

Prior to Morgan Stanley, Peggy was with Silversage Advisors, a specialty boutique firm, also located in Irvine. Among her many responsibilities there, she managed and cultivated strong relationships, coordinated client meetings and calls with the advisory team, provided perspective of the clients’ overall financial well-being and coordinated many client events.

Before joining Silversage, Peggy was a Senior Registered Private Wealth Associate with the Private Banking and Investment Group in Newport Beach, Calif., with Merrill Lynch, where she worked for over 17 years. She handled a broad range of compliance and administrative-related functions for investment managers who served individuals with $10 million or more in investable assets. Prior to this position, she worked at Merrill
Lynch offices in Beverly Hills and Denver.

“As a Private Wealth Associate, I organized and assisted with weekly investment meetings for some of the firm’s most valued clients,” she recalled. “I assisted with the administration and review of client portfolios and prepared quarterly reports and
investment recommendations that were presented to clients.”

Peggy is now leveraging her decades of industry experience to deliver an unparalleled level of high-quality service to clients of The Banning Feibleman Group. “I truly enjoy using my sales, administrative and motivational skills every day to make a meaningful difference wherever I can with our highly valued clientele,” she says.

In her free time, Peggy maintains an active lifestyle in the community by volunteering and serving several special causes and charities. She enjoys the arts and theater, hiking, cycling, and the outdoors as well as spending time with family and friends.