Who we are

  • A private client practice serving the needs of physicians, business owners and corporate executives
  • An institutional practice focused on serving endowments and foundations
  • A team utilizing environmental, social and governance (ESG) analysis to meet investors' socially responsible standards
  • Integrity, experience and dedication to an exceptional client-service standard
Services Include
  • Divorce Financial Analysis1
  • Endowments and Foundations2
  • Estate Planning Strategies3
  • Institutional Services
  • Philanthropic Services
  • Wealth Consulting
  • Professional Portfolio Management4
  • Financial Planning5
  • Business Planning6
  • Business Succession Planning7
  • Corporate Retirement Plans8
  • Wealth Management9
  • Corporate Cash Management
  • Qualified Retirement Plans10
  • Corporate Trust Services
  • Sustainable Investing11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Barron's 2018 Top 1,200 Financial Advisors

  • Forbes 2018 Best in State Wealth Advisors
  • Five Star Wealth Manager: 2013, 2014, 2015, 2016, 2017
  • President's Council- Morgan Stanley Wealth Management
  • NABCAP Premier Advisor 2012
  • President's Council- Smith Barney
  • Chairman's Council- Smith Barney

Working With You

The BlackRidge Group puts the focus on you. The common thread among all of our relationships is the consultative approach we take in the development of custom strategies designed to meet the specific goals and objectives of each respective client. We are dedicated to providing the type of service that exceeds client expectations, and we are committed to the hard work required to make that goal a reality each day. Leveraging a sophisticated suite of analytic tools, the extensive resources of Morgan Stanley and the decades of industry experience within our team, we are confident in our ability to bring value to each client engagement. If good stewardship is important to you, let us help you "get it right the first time". A meeting with one of our advisors might be the best investment decision you can make today.

    Wealth Management Process

      Wealth Management

        Location

        14 Second Street SW
        Suite 201
        Rochester, MN 55902
        US
        Direct:
        (507) 281-0403(507) 281-0403
        Toll-Free:
        (800) 328-8191(800) 328-8191

        Meet The BlackRidge Group

        About Me

        David Olson is a financial services veteran with over 32 years of experience in developing strategies designed to meet the goals of business owners, executives, entrepreneurs and physicians.  He has been with Morgan Stanley and its predecessor firms since 1985.  As founding partner of the BlackRidge Group at Morgan Stanley he coordinates a team of professionals providing consulting and investment management services to a select group of high net-worth families, institutions, endowments, and foundations.

        David received his B.A. degrees in Economics and Biology from St. Olaf College.  He began his career at E.F. Hutton working on Wall Street prior to joining what is now the Rochester, MN office of Morgan Stanley.  He became branch manager in 2000 and today has supervisory responsibilities for over $900 million in client assets as of June 2017.

        David has been recognized for excellence in client service and has been named to both the President’s Council and the Chairman's Council at Morgan Stanley. He holds the designations of Senior Investment Management Consultant and Financial Planning Specialist. 

        David lives in Rochester with his wife Kelly and his children Blake, Paige, and Madison. He is involved within the community in many different ways, one of these ways is by being a board member of Seasons Hospice.  In his free time he enjoys golf, fishing, attending his children’s activities and occasionally dusting off one of his old guitars.
        Securities Agent: TX, MN, WY, WI, WA, VT, UT, TN, SD, SC, RI, PR, PA, OK, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MS, MI, ME, MD, MA, LA, KY, KS, IN, IL, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL, AK; Managed Futures; General Securities Representative; BM/Supervisor; Investment Advisor Representative
        NMLS#: 1390903

        About Me

        Zen Kuzyk is a financial advisor with The BlackRidge Group at Morgan Stanley. He earned his Bachelor of Science in Business Administration from the Heider College of Business at Creighton University in Omaha, Nebraska. He majored in Finance and completed the Financial Analysis track. Zen has supplemented his financial education at Creighton with internships at Morgan Stanley along with TD Ameritrade Investor Services Division, and at Union Pacific Railroads Finance Department both of which at their Corporate Headquarters in Omaha, Nebraska. The skills and knowledge gained from these internships have enhanced his knowledge of the capital markets and will allow him to have a better understanding of how to build and structure a portfolio to meet the financial needs of our clients. As a financial advisor he will implement many of Morgan Stanley's tools, platform and wealth management strategies to help clients reach their financial goals. Zen has obtained his Series 7 General Securities License, Series 66 Uniform Combined State Law License and the state of Minnesota accident & health, life insurance license. Zen lives in Rochester, Minnesota and enjoys spending time with family and friends, traveling and being outside. His favorite activities are golfing, boating, sailing and biking. He also enjoys photography and live music.
        Securities Agent: AZ, CA, FL, IA, MN, WI; Investment Advisor Representative; General Securities Representative

        About Me

        Cathy is a Client Service Associate with the BlackRidge Group at Morgan Stanley. She is typically the first voice you will hear when calling in and the first friendly face you will see when you visit our Rochester branch office. Cathy joined the firm in 1998 and her primary functions include providing client support in all phases of operational service, account maintenance, cashiering and hospitality. Cathy's warm and welcoming attitude shines through while handling account servicing needs and demonstrates her dedication to delivering an outstanding client experience.Cathy lives in Pine Island with her husband and enjoys spending time with her children and five grandchildren.

        About Me

        Jana is a Portfolio Associate and Financial Planning Associate with the BlackRidge Group at Morgan Stanley. She earned her BBA in Finance from The University of North Dakota.  After working for Strong Capital Management for three years, she joined the firm in 2004. Jana holds the General Securities and the Uniform Securities Agent licenses. In 2006, she received the designation of Financial Planning Associate. Jana has earned the reputation of being proficient in the execution of trading strategies ranging from standard to complex. Her strong work ethic allows her to accomplish these tasks while remaining responsive and attentive to the specific needs of each BlackRidge Group client. Jana lives in Plainview, Minnesota with her husband and their four children.  She enjoys spending time with family, jogging, and golfing.
        Investment and Market Perspectives

        On the Markets

        Business Planning

        Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
        • Succession Planning
        • Business Planning
        • Retirement Plan Sponsors
        • Qualified Retirement Plans
        • Corporate Pension Funds
        Facing Financial Stress? Your Employer May Be Able to Help

        Facing Financial Stress? Your Employer May Be Able to Help

        Many of us face money worries. You may be able to get advice and education from an unexpected source.

        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.
        Art as An Asset
        CRC 2274738 01/19

        Art as An Asset

        Art may play a significant role in the context of a collector's overall wealth. Generally, a collector may differentiate financial assets, including stocks, bonds and real estate, from other possessions, such as art.

        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
        Choosing an Environmental Charity

        Choosing an Environmental Charity

        There are a multitude of non-profits dedicated to helping protect the environment. Here’s how to choose where you want to give.

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        Ready to start a conversation? Contact The BlackRidge Group today.
        Market Information Delayed 20 Minutes
        1Morgan 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.

        2Morgan 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.

        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.

        4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be suitable for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.

        5Morgan 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.

        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.

        8Tax laws are complex and subject to change. 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 and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

        9Morgan 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.

        10Tax laws are complex and subject to change. 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 and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

        11The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.

        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 suitable 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”) 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.


        CRC 2019752 10/2018