Charles E. Reardon
Managing Director, Wealth Management, Wealth Advisor
Phone:
(505) 889-2862(505) 889-2862
The Compass Rose Group at Morgan Stanley
Charles E. ReardonJacob Tolk, CFA®, CFP®, CEPA®, CRPC®William S. ReardonMark B. Fast, CPM®Thomas M. Batson, CFP®, CIMA®Lisa Obeji, CRPC®, QPFCRobert H. Hoffman, CEPA®
Direct:
(505) 889-2824(505) 889-2824
Toll-Free:
(833) 393-2373(833) 393-2373
Industry Award WinnerOur Mission Statement
We cut through the noise to help our clients build legacies that last generations
Q2 2026 Portfolio & Market Summary
The blueprint for success has never changed: remain disciplined, remain consistent. In an industry where information is anything but scarce, investors need a reliable team to anticipate conditions, cut through the noise and provide tailored, long-term strategies to help them stay the course.
The Compass Rose Group extends throughout the Southwest, with offices in Albuquerque and Santa Fe, New Mexico and Scottsdale, Arizona. Our team manages more than $2.7 billion in client capital as of October 2025, and leverages Morgan Stanley's world-class resources to assist clients across our eight practice areas:
- Long-term Financial & Philanthropic Planning
- In-house, Discretionary Portfolio Management
- Tax Management Strategies
- Alternative Investments & Accessing the Private Markets
- Asset & Risk Assessment
- Lending & Cash Management Solutions
- Corporate Retirement Planning
- Business Exit Planning Strategies
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Quarterly Video Series: Q2 2026 Portfolio & Market Summary
What are our thoughts on market responses to the current conflict in Iran?
What key risks should clients be thinking about for their long-term financial plan?
What can war history teach us about market volatility, and what's our take on the AI job loss narrative?
Financial Advisors William Reardon, Mark Fast, and Jake Tolk sat down to address these common questions in the Q2 2026 video.
Of course, please contact your primary Financial Advisor with The Compass Rose Group with any questions or comments.
- 0:15 Intro & Performance of Major Market Indices YTD
- 1:24 February 28, 2026 US & Isreal Coordinated Strike on Iran
- 2:05 Geopolitically Driven Equity Drawdowns Throughout History
- 3:19 Mark Identifies Some Key Risks for Financial & Philanthropic Plans
- 7:01 Jake Starts with Addressing Volatility & Historical Market Reactions to Military Conflict
- 9:50 Back to Fundamentals
- 10:21 AI Productivity Gains & Labor Disruption
Build your knowledge and meet the team
Welcome to our Video Library, a curated collection of short videos designed to help you learn and get to know the people behind your experience. This tab is organized into two sections: Educational Videos, where we break down planning and investing topics in a clear, practical way, and Meet the Team, where you can get to know the people you work with and how we support you. Use these videos anytime, whether you're looking to learn something new, refresh on a concept, or put faces to names.
Risk, Allocation, and Building a Financial Plan
When developing a financial plan, understanding how your assets are allocated is crucial to your risk and return expectations. In this video, Spencer Biancucci, Investment Consultant - Relationship Manager, explains how different asset categories are used to create effective portfolios for investors.
Beneficiaries, Trusted Contacts, and POAs
Protecting what you've built isn't just about having the right documents in place, it's understanding how key roles and designations work together and when to involve the right people. In this short video, Sarai Ordonez, Registered Client Service Associate of the Compass Rose Group, breaks down the differences between beneficiaries, trusted contacts, and powers of attorney and how they can fit into a coordinated plan to help safeguard your assets.
Accessing Your Tax Documents - Morgan Stanley Online
Having quick access to your documents can help streamline the filing process. In this video, Craig Nova, Investment Consultant - Relationship Manager, shows you the simple way to find and download your tax documents on both Morgan Stanley Online and the Morgan Stanley App.
Helping the Next Generation Get Started Investing
Helping the next generation start investing isn't about finding the "perfect" first investment, it's creating strong habits early with a clear plan that can cut through the noise and weather market ups and downs. In this short video, Craig Nova, Investment Consultant - Relationship Manager, shares practical, real-world ways families can guide young investors get started with purpose, simplicity, and strategies that last a lifetime.
Thomas M. Batson, CFP®, CIMA®
Senior Vice President, Financial Advisor
Insurance Planning Director
Mark B. Fast, CPM®
Executive Director, Financial Advisor,
Family Wealth Advisor, Certified Portfolio Manager
Senior Portfolio Management Director
DESIGNATIONS AND AWARDS
Forbes Best-In-State Wealth Management Teams for New Mexico
The Compass Rose Group — (2023-2026)
Barron's Top 1,200 Advisors
Charles Reardon — (2009-2026)
Forbes Best-In-State Wealth Advisors
Charles Reardon — (2022-2025 NM)
Jake Tolk — (2023-2025 NM)
Will Reardon — (2026 NM)
Mark Fast — (2026 AZ)
Jake Tolk — (2023-2025 NM)
Will Reardon — (2026 NM)
Mark Fast — (2026 AZ)
Forbes Top Next-Gen Wealth Advisors
William Reardon — (2025)
Certified Financial Planner
Jake Tolk
Chartered Retirement Planning Counselor
Lisa Obeji, Jake Tolk
Certified Investment Management Analyst
Thomas Batson
Certified Exit Planning Advisor
Jake Tolk, Robert Hoffman
Certified Portfolio Manager
Mark Fast
Chartered Financial Analyst
Jake Tolk
Qualified Plan Financial Consultant
Lisa Obeji
Alternative Investments Director
Jake Tolk
Family Wealth Director
Jake Tolk
Corporate Retirement Director
Lisa Obeji
Disclosures
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2022-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in March of year prior to the issuance of the award.
Barron's Top 1,200 Advisors:
Source: Barrons.com (Awarded 2009-2026). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisors:
Source: Forbes.com (Awarded 2022-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded 2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Source: Forbes.com (Awarded Jan 2022-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in March of year prior to the issuance of the award.
Barron's Top 1,200 Advisors:
Source: Barrons.com (Awarded 2009-2026). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisors:
Source: Forbes.com (Awarded 2022-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded 2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
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
6565 Americas Pkwy NE
Ste 400
Albuquerque, NM 87110
US
Direct:
(505) 889-2824(505) 889-2824
Toll-Free:
(833) 393-2373(833) 393-2373
14850 N Scottsdale Rd
Suite 600
Scottsdale, AZ 85254
US
Direct:
(480) 922-7911(480) 922-7911
150 Washington Ave
Suite 301
Santa Fe, NM 87501
US
Direct:
(505) 889-2824(505) 889-2824
Meet The Compass Rose Group
Jacob Tolk, CFA®, CFP®, CEPA®, CRPC®
Executive Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Alternative Investments Director, Family Wealth Director, Certified Exit Planning Advisor™ (CEPA)
Phone:
(505) 889-2854(505) 889-2854
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(505) 889-2875(505) 889-2875
Mark B. Fast, CPM®
Executive Director, Financial Advisor, Family Wealth Advisor, Senior Portfolio Management Director, Certified Portfolio Manager
Phone:
(480) 922-7951(480) 922-7951
Phone:
(480) 922-7820(480) 922-7820
Senior Vice President, Wealth Management, Financial Advisor, Corporate Retirement Director
Phone:
(702) 792-2051(702) 792-2051
Phone:
(505) 988-7711(505) 988-7711
Fallon Peace
Assistant Vice President, Group Director
Phone:
(505) 889-2824(505) 889-2824
Julien Hall
Assistant Vice President, Investment Consultant, Team COO
Phone:
(480) 922-7911(480) 922-7911
Craig Nova
Investment Consultant
Phone:
(505) 889-2826(505) 889-2826
Spencer Biancucci
Investment Consultant
Phone:
(480) 624-5724(480) 624-5724
Maura Gill
Portfolio Associate
Phone:
(480) 624-5740(480) 624-5740
Sarai Ordonez
Registered Client Service Associate
Phone:
(505) 889-2827(505) 889-2827
Hunter Cruise
Registered Client Service Associate
Phone:
(480) 922-7980(480) 922-7980
Mary L. Maestas
Registered Client Service Associate
Phone:
(505) 988-7713(505) 988-7713
About Charles E. Reardon
Chuck Reardon is a Managing Director and Wealth Advisor with The Compass Rose Group at Morgan Stanley. With more than 37 years of industry experience, Chuck leads the team’s Long-term Financial Planning practice group, stewarding families and professionals through virtually all aspects of their financial life.
A graduate of the University of Arizona, Chuck earned both his bachelor’s in Finance and Master of Business Administration (MBA). He has been with Morgan Stanley since 1986 and was recognized as one of Barron’s Top 1000 Advisors from 2009 through 2016, and included on the Barron’s Top 1200 Advisors list from 2017 through 2025, claiming the #1 spot for New Mexico in 2017. Chuck was also named to the Forbes Best-In-State Wealth Advisors for New Mexico for the last 4 consecutive years (2022-2025).
Deeply rooted in his community, Chuck has served as board President for the Albuquerque Country Club, Albuquerque Boy’s and Girl’s Club and the Rio Grande Food Project. When away from the office, you can find Chuck spending time with his family, preferably outdoors. Chuck and his wife, Pam, have been married for over 38 years. They have two grown sons, and five grandchildren. Chuck is also a phenomenal golfer. He was a New Mexico High School Golf Champion in 1978 and won the State of New Mexico Senior Golf Championship in 2011.
2009-2016 Barron's Top 100 Financial Advisors (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2009-2016). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
2017-2022 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2017-2022). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2022- 2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
A graduate of the University of Arizona, Chuck earned both his bachelor’s in Finance and Master of Business Administration (MBA). He has been with Morgan Stanley since 1986 and was recognized as one of Barron’s Top 1000 Advisors from 2009 through 2016, and included on the Barron’s Top 1200 Advisors list from 2017 through 2025, claiming the #1 spot for New Mexico in 2017. Chuck was also named to the Forbes Best-In-State Wealth Advisors for New Mexico for the last 4 consecutive years (2022-2025).
Deeply rooted in his community, Chuck has served as board President for the Albuquerque Country Club, Albuquerque Boy’s and Girl’s Club and the Rio Grande Food Project. When away from the office, you can find Chuck spending time with his family, preferably outdoors. Chuck and his wife, Pam, have been married for over 38 years. They have two grown sons, and five grandchildren. Chuck is also a phenomenal golfer. He was a New Mexico High School Golf Champion in 1978 and won the State of New Mexico Senior Golf Championship in 2011.
2009-2016 Barron's Top 100 Financial Advisors (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2009-2016). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
2017-2022 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2017-2022). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2022- 2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Securities Agent: VI, AL, VA, OK, MN, MD, AR, SD, MO, FL, VT, SC, OR, OH, NY, NE, TN, MT, LA, GA, CT, PA, NV, NM, MA, KS, CA, AK, WY, WI, NJ, NC, MI, IA, WA, RI, MS, IN, CO, AZ, TX, IL, HI, DC, NH, UT, KY, ID; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1262252
NMLS#: 1262252
About Jacob Tolk
Jake Tolk is a Chartered Financial Analyst (CFA®) charter holder, Executive Director, Senior Portfolio Management Director, Alternative Investments Director, Family Wealth Director, and Financial Advisor with The Compass Rose Group at Morgan Stanley. Jake leads two of the team’s practice groups: In-house Discretionary Portfolio Management and Tax Mitigation Strategies. As the team’s in-house Portfolio Manager, Jake oversees over $2 billion in client assets as of Jan 2025.
A summa cum laude graduate of New Mexico Tech, Jake is a published author in the International Journal of Finance and Economics. Before joining The Compass Rose Group, Jake was a Senior Developer in the Credit Risk Analytics team for Merrill Lynch in New York City.
To better serve his clients in the areas of investing and retirement planning, Jake earned the Chartered Financial Analyst (CFA®) charter. The CFA® charter is one of the most sought-after financial designations in the world, and is an elite certification that incorporates investment theory, portfolio management analysis and advanced research and analytical skills.
Jake was born and raised in Albuquerque, New Mexico and enjoys exploring the outdoors with his three daughters. Jake and his family frequently attend opera and symphony performances and Jake loves scuba diving, hiking and mushroom foraging.
A summa cum laude graduate of New Mexico Tech, Jake is a published author in the International Journal of Finance and Economics. Before joining The Compass Rose Group, Jake was a Senior Developer in the Credit Risk Analytics team for Merrill Lynch in New York City.
To better serve his clients in the areas of investing and retirement planning, Jake earned the Chartered Financial Analyst (CFA®) charter. The CFA® charter is one of the most sought-after financial designations in the world, and is an elite certification that incorporates investment theory, portfolio management analysis and advanced research and analytical skills.
Jake was born and raised in Albuquerque, New Mexico and enjoys exploring the outdoors with his three daughters. Jake and his family frequently attend opera and symphony performances and Jake loves scuba diving, hiking and mushroom foraging.
Securities Agent: AR, WY, UT, NM, MI, KY, CA, TN, MN, MD, GA, DC, SD, SC, NY, NJ, MS, MO, DE, AL, WA, VA, OK, IL, TX, OR, ID, WI, OH, MA, HI, CO, AK, VI, CT, PA, LA, KS, AZ, MT, IA, FL, NH, VT, NV, NE, NC, IN; General Securities Representative; Investment Advisor Representative
NMLS#: 1653127
NMLS#: 1653127
About William S. Reardon
Will Reardon is a Senior Vice President, Alternative Investments Director, Portfolio Management Director, and Financial Advisor with The Compass Rose Group at Morgan Stanley, leading the Alternative Investments & Accessing the Private Markets practice group and spending considerable time in the team’s Long-Term Financial Planning area.
Prior to joining Morgan Stanley, Will was an attorney in Washington, D.C. advising clients on policy, regulatory and legislative matters relating to financial services, tax, trade, technology and energy and assisting clients facing complex challenges involving Congressional investigations and inquiries. Prior to his time at a large law firm, Will worked in the National Collegiate Athletic Association (NCAA) office of government relations on various policy issues affecting intercollegiate athletics. While in the nation’s capital, Will also served as adjunct faculty at Georgetown University’s School of Continuing Studies, lecturing on intercollegiate athletics administration, digital media and marketing.
An Albuquerque, New Mexico native, Will is a graduate of St. Pius X High School. He went on to earn his undergraduate degree from the University of Arizona and law degree from Georgetown University. Although non-practicing in his role at Morgan Stanley, Will remains an active member of the New Mexico Bar Association where he has been a member since 2017. When away from the office, Will can be found spending time with his wife, Rachael, and their three children.
Prior to joining Morgan Stanley, Will was an attorney in Washington, D.C. advising clients on policy, regulatory and legislative matters relating to financial services, tax, trade, technology and energy and assisting clients facing complex challenges involving Congressional investigations and inquiries. Prior to his time at a large law firm, Will worked in the National Collegiate Athletic Association (NCAA) office of government relations on various policy issues affecting intercollegiate athletics. While in the nation’s capital, Will also served as adjunct faculty at Georgetown University’s School of Continuing Studies, lecturing on intercollegiate athletics administration, digital media and marketing.
An Albuquerque, New Mexico native, Will is a graduate of St. Pius X High School. He went on to earn his undergraduate degree from the University of Arizona and law degree from Georgetown University. Although non-practicing in his role at Morgan Stanley, Will remains an active member of the New Mexico Bar Association where he has been a member since 2017. When away from the office, Will can be found spending time with his wife, Rachael, and their three children.
Securities Agent: IL, NH, WY, MD, LA, TX, OR, IN, IA, CO, AZ, OH, CT, WA, VA, SD, PA, NJ, NC, MO, KS, FL, AR, AL, WI, OK, UT, NY, MN, ID, CA, MS, KY, HI, GA, AK, TN, NV, NM, NE, MT, DC, VT, VI, SC, MI, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 1930338
NMLS#: 1930338
About Mark B. Fast
Mark B. Fast is an Executive Director of Morgan Stanley Wealth Management where he serves as a Financial Advisor and Senior Portfolio Management Director in Scottsdale, Arizona. Mark joined a Morgan Stanley predecessor firm in 1995. Mark takes a holistic, goals-based approach to wealth planning, asset allocation strategies and advisory services for families, business owners and professionals he serves. Prior to joining Morgan Stanley Wealth Management, Mark held various Analyst and Manager Positions in the Finance Department at PDS/Walsh International/PMSI for over seven years.
Mark is among a select group of financial advisors with Morgan Stanley who are qualified to directly manage client assets. He earned the Certified Portfolio Manager designation through the Fu Foundation School of Engineering and Applied Science at Columbia University. The CPM® credential is designed to provide a deeper understanding of fundamental security analysis, asset allocation and portfolio management concepts for financial services industry professionals managing discretionary portfolios. In attaining the Family Wealth Advisor designation, Mark has completed an accreditation program focused on the skills needed to deliver comprehensive, family-centric wealth management across generations.
A graduate of Arizona State University with a Bachelor of Science in Finance, Mark earned his Masters of Business Administration from Grand Canyon University. A believer in giving back to the community, Mark supports Treasure House, Desert Mission Food Bank and is an active board member for The Fiesta Bowl. Mark received the 2013-2014 Fiesta Bowl Frank Snell Lifetime Achievement Award in recognition of his dedication and tireless work for the Fiesta Bowl. He enjoys spending time with his family, being active in his grandchildren's lives, traveling to new international locations, and watching college football.
Mark is among a select group of financial advisors with Morgan Stanley who are qualified to directly manage client assets. He earned the Certified Portfolio Manager designation through the Fu Foundation School of Engineering and Applied Science at Columbia University. The CPM® credential is designed to provide a deeper understanding of fundamental security analysis, asset allocation and portfolio management concepts for financial services industry professionals managing discretionary portfolios. In attaining the Family Wealth Advisor designation, Mark has completed an accreditation program focused on the skills needed to deliver comprehensive, family-centric wealth management across generations.
A graduate of Arizona State University with a Bachelor of Science in Finance, Mark earned his Masters of Business Administration from Grand Canyon University. A believer in giving back to the community, Mark supports Treasure House, Desert Mission Food Bank and is an active board member for The Fiesta Bowl. Mark received the 2013-2014 Fiesta Bowl Frank Snell Lifetime Achievement Award in recognition of his dedication and tireless work for the Fiesta Bowl. He enjoys spending time with his family, being active in his grandchildren's lives, traveling to new international locations, and watching college football.
Securities Agent: UT, TN, OK, NY, KY, VT, SD, MI, MD, LA, NM, NJ, IN, GA, AK, OH, MS, MO, MA, ID, FL, AR, WA, NV, IL, CA, SC, NC, IA, DC, AL, RI, PA, OR, MN, HI, WY, CO, AZ, VA, TX, NE, MT, KS, ME, NH, WI; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1275783
NMLS#: 1275783
About Me
I've worked with a wide range of professionals including doctors, healthcare administrators, attorneys, multigenerational families, closely held business owners, and related entities.
I am involved with several civic and community organizations. Currently I’m a board member of St. Joseph’s Hospital Foundation Board of Directors. I also serve on the NAU School of Finance Advisory Council and the SARRC's Planned Giving Advisory Council.
Away from the office I enjoy hiking, biking and golf. My wife Gina and I live in Phoenix. Our son Tony is a data entry specialist at a major healthcare network.
I am involved with several civic and community organizations. Currently I’m a board member of St. Joseph’s Hospital Foundation Board of Directors. I also serve on the NAU School of Finance Advisory Council and the SARRC's Planned Giving Advisory Council.
Away from the office I enjoy hiking, biking and golf. My wife Gina and I live in Phoenix. Our son Tony is a data entry specialist at a major healthcare network.
Securities Agent: NJ, CT, NE, IN, HI, AK, SD, PA, NM, LA, NY, CO, OK, MI, DC, CA, AR, VA, TN, OH, MT, MS, ID, AZ, WI, UT, TX, NV, MO, MN, IL, AL, WY, VT, SC, NC, MA, KY, IA, FL, NH, WA, MD, KS, GA, OR; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 2474429
NMLS#: 2474429
About Lisa Obeji
Lisa Obeji is a Financial Advisor with The Compass Rose Group at Morgan Stanley, where she spends considerable time in the team’s Corporate Retirement Planning practice group, assisting individuals and corporations with their retirement solutions. Lisa prides herself on building long-lasting relationships with clients to help meet their financial needs.
Lisa has over 15 years of experience in the financial services industry—holding her Chartered Retirement Planning Counselor (CRPC®) and Qualified Plan Financial Consultant (QPFC) credentials.
Lisa is a Texas native and a very proud Veteran. She and her husband of 40 years, Razek, are parents of Byron, Leila and Christian. Outside of the office, you can find Lisa reading, working in her yard, or cooking.
Lisa has over 15 years of experience in the financial services industry—holding her Chartered Retirement Planning Counselor (CRPC®) and Qualified Plan Financial Consultant (QPFC) credentials.
Lisa is a Texas native and a very proud Veteran. She and her husband of 40 years, Razek, are parents of Byron, Leila and Christian. Outside of the office, you can find Lisa reading, working in her yard, or cooking.
Securities Agent: KS, HI, CO, VA, MI, TX, SC, NY, NM, NJ, MT, IL, FL, AL, SD, NV, AZ, NE, MN, IN, WY, UT, OH, CT, PA, IA, DC, CA, AK, TN, OR, MS, MO, MA, GA, WI, WA, MD, ID, AR, NC, LA, NH, VT, OK, KY; General Securities Representative; Investment Advisor Representative
NMLS#: 1301177
NMLS#: 1301177
About Robert H. Hoffman
Rob Hoffman is a Vice President and Financial Advisor with The Compass Rose Group at Morgan Stanley (“CRG”). A 44-year Wall Street veteran, including 22 in debt capital markets and 22 in wealth management, Rob is the fixed income specialist supporting CRG’s Discretionary Portfolio Management and Alternative Investments & Accessing the Private Markets practices. He earned the Certified Exit Planning Advisor (CEPA) designation in 2024, giving him specialized skills to help business owners plan their exits. Rob helps entrepreneurs boost company value, prepare for succession, and transition their business smoothly to meet their financial goals.
Rob began his career in Public Finance for Chase Manhattan originating debt offerings for municipal issuers. He joined Morgan Stanley’s Tax-Exempt Securities Division in 1991, moving to the Securitized Products Group within the Investment Bank in 1996, where he originated securitized debt for specialty finance and utility clients. Rob led the deal team for International Finance Review’s North American Securitization of the Year in each of 2000 and 2001.
Rob opened his Wealth Management practice in Santa Fe, New Mexico in 2005, joining a global, Zurich-based wealth manager from which he earned the Wealth Advisor designation in 2008. Recruited as CRG’s Fixed Income specialist, he joined Morgan Stanley in early 2022.
Rob earned his BA with Departmental and Collegiate Honors in 1978 from The College of Wooster (OH), his MBA in Finance, Beta Gamma Sigma, from NYU’s Stern School in 1982, and his M Div from Ascension Theological College in 2020. Upon ordination Rob became Associate Priest for The Church of Antioch at Santa Fe.
Born in Greenwich, Connecticut, and raised in California, Connecticut, Pennsylvania and Maryland, Rob lived and worked in Manhattan from 1979-2004, and since has lived in Santa Fe with his wife, Pam Neely, his partner of 24 years. A father of five adult children, Rob enjoys golf, distance running, skiing, and backpacking in the mountains of Northern New Mexico.
Rob began his career in Public Finance for Chase Manhattan originating debt offerings for municipal issuers. He joined Morgan Stanley’s Tax-Exempt Securities Division in 1991, moving to the Securitized Products Group within the Investment Bank in 1996, where he originated securitized debt for specialty finance and utility clients. Rob led the deal team for International Finance Review’s North American Securitization of the Year in each of 2000 and 2001.
Rob opened his Wealth Management practice in Santa Fe, New Mexico in 2005, joining a global, Zurich-based wealth manager from which he earned the Wealth Advisor designation in 2008. Recruited as CRG’s Fixed Income specialist, he joined Morgan Stanley in early 2022.
Rob earned his BA with Departmental and Collegiate Honors in 1978 from The College of Wooster (OH), his MBA in Finance, Beta Gamma Sigma, from NYU’s Stern School in 1982, and his M Div from Ascension Theological College in 2020. Upon ordination Rob became Associate Priest for The Church of Antioch at Santa Fe.
Born in Greenwich, Connecticut, and raised in California, Connecticut, Pennsylvania and Maryland, Rob lived and worked in Manhattan from 1979-2004, and since has lived in Santa Fe with his wife, Pam Neely, his partner of 24 years. A father of five adult children, Rob enjoys golf, distance running, skiing, and backpacking in the mountains of Northern New Mexico.
Securities Agent: MI, NH, WI, VT, NM, KY, ID, AR, TX, NE, UT, MO, MD, AK, SD, OR, NJ, FL, AZ, CO, WA, LA, WY, MS, KS, IL, GA, CT, AL, TN, PA, NC, MN, IA, DC, CA, SC, OH, NV, MT, MA, NY, HI, IN, VA, OK; General Securities Representative; Investment Advisor Representative
NMLS#: 2086773
NMLS#: 2086773
About Fallon Peace
Fallon Peace is an Assistant Vice President, Group Director and member of the Executive Committee with The Compass Rose Group at Morgan Stanley, leading the team’s operational department to ensure the standard of care and exceptional client experience is being implemented across the business.
Fallon joined Morgan Stanley in 2007 and became a key member of The Compass Rose Group in 2013. Fallon has held various roles at Morgan Stanley over her tenure, starting in branch operations, managing multiple Financial Advisors service responsibilities, to leading and developing all operations for the current seventeen-member team. In addition to her current role, Fallon sits on the team Executive Committee. As one of the committee’s five members, Fallon is tasked with forming and implementing overall team strategy and direction.
A New Mexico native, Fallon is a proud Lobo. She graduated from the University of New Mexico with a degree in Psychology and Mathematics. Outside of the office, you will find Fallon perfecting her sourdough recipe and making progress on her most recent craft. She also prioritizes staying active with her church and spending as much time as possible with her husband, James, and their two little ones, Benjamin and Sienna.
Fallon joined Morgan Stanley in 2007 and became a key member of The Compass Rose Group in 2013. Fallon has held various roles at Morgan Stanley over her tenure, starting in branch operations, managing multiple Financial Advisors service responsibilities, to leading and developing all operations for the current seventeen-member team. In addition to her current role, Fallon sits on the team Executive Committee. As one of the committee’s five members, Fallon is tasked with forming and implementing overall team strategy and direction.
A New Mexico native, Fallon is a proud Lobo. She graduated from the University of New Mexico with a degree in Psychology and Mathematics. Outside of the office, you will find Fallon perfecting her sourdough recipe and making progress on her most recent craft. She also prioritizes staying active with her church and spending as much time as possible with her husband, James, and their two little ones, Benjamin and Sienna.
About Julien Hall
Julien Hall is an Assistant Vice President, Investment Consultant, and Team COO with The Compass Rose Group at Morgan Stanley, focusing on daily operations and ensuring our standard of care is provided to all clients.
Julien graduated from Arizona State University with a major in Political Science and minor in Psychology. Afterwards, Julien obtained his M.B.A. with a focus in Finance from Grand Canyon University.
Prior to joining Morgan Stanley, Julien worked in high-end and luxury hospitality at some of the most well-known properties in Arizona. This experience helped shape his desire to serve others and provide the upmost standard of care to clients. Julien joined Morgan Stanley in 2022 and was a member of leadership, overseeing the Albuquerque, Santa Fe, and Farmington branches.
Outside of the office, Julien, and his wife Raquel spend time traveling, cooking, or watching their favorite show.
Julien graduated from Arizona State University with a major in Political Science and minor in Psychology. Afterwards, Julien obtained his M.B.A. with a focus in Finance from Grand Canyon University.
Prior to joining Morgan Stanley, Julien worked in high-end and luxury hospitality at some of the most well-known properties in Arizona. This experience helped shape his desire to serve others and provide the upmost standard of care to clients. Julien joined Morgan Stanley in 2022 and was a member of leadership, overseeing the Albuquerque, Santa Fe, and Farmington branches.
Outside of the office, Julien, and his wife Raquel spend time traveling, cooking, or watching their favorite show.
About Craig Nova
Craig Nova is an Investment Consultant with The Compass Rose Group at Morgan Stanley. He is a graduate of Johnson & Wales University, earning both a Bachelor’s in Food Service Management and a Master of Business Administration (MBA). Within his work with The Compass Rose Group, he holds a Financial Planning Specialist designation and is a candidate to become a Certified Financial Planner.
Prior to working in finance, Craig worked in the food industry wearing many different hats, from managing restaurants, institutional procurement, and even owning a prepared meal delivery service. After relocating to Albuquerque, NM, Craig helped launch Three Sisters Kitchen, a non-profit aimed at helping farmers and entrepreneurs start food manufacturing businesses with a focus on growing the local food ecosystem.
Outside of work, Craig can be found hiking the Sandia Mountains or playing tennis around Albuquerque. Craig and his wife, Paige, are also avid board game nerds and love hosting board game brunch with their group of friends.
Prior to working in finance, Craig worked in the food industry wearing many different hats, from managing restaurants, institutional procurement, and even owning a prepared meal delivery service. After relocating to Albuquerque, NM, Craig helped launch Three Sisters Kitchen, a non-profit aimed at helping farmers and entrepreneurs start food manufacturing businesses with a focus on growing the local food ecosystem.
Outside of work, Craig can be found hiking the Sandia Mountains or playing tennis around Albuquerque. Craig and his wife, Paige, are also avid board game nerds and love hosting board game brunch with their group of friends.
About Spencer Biancucci
Spencer Biancucci is an Investment Consultant with The Compass Rose Group at Morgan Stanley, focusing on cultivating and deepening client relationships, guiding clients through the team's holistic planning platform, and aligning strategies with each client's unique financial goals.
Spencer earned an Accounting degree from the University of Arizona's Eller College of Management, where he developed a strong foundation in financial analysis and client-focused solutions.
Prior to joining The Compass Rose Group, Spencer was a Financial Advisor with Morgan Stanley Virtual Advisors, where he specialized in long-term financial planning and wealth accumulation strategies. Before his time with Morgan Stanley, Spencer worked in the residential mortgage industry as a Senior Loan Officer, guiding clients through complex lending decisions and helping them achieve their homeownership goals.
Originally born in Greensboro, North Carolina, Spencer has also lived in Loudoun County, Virginia and Scranton, Pennsylvania before settling in Scottsdale, Arizona. Outside of work, he enjoys cooking, playing golf, and watching hockey.
Spencer earned an Accounting degree from the University of Arizona's Eller College of Management, where he developed a strong foundation in financial analysis and client-focused solutions.
Prior to joining The Compass Rose Group, Spencer was a Financial Advisor with Morgan Stanley Virtual Advisors, where he specialized in long-term financial planning and wealth accumulation strategies. Before his time with Morgan Stanley, Spencer worked in the residential mortgage industry as a Senior Loan Officer, guiding clients through complex lending decisions and helping them achieve their homeownership goals.
Originally born in Greensboro, North Carolina, Spencer has also lived in Loudoun County, Virginia and Scranton, Pennsylvania before settling in Scottsdale, Arizona. Outside of work, he enjoys cooking, playing golf, and watching hockey.
About Maura Gill
Maura is a registered Portfolio Associate and has over 28 years of industry experience. She began her financial services career in 1995 in Cleveland, Ohio and relocated to Arizona in 2000. Maura joined Morgan Stanley in 2006 and currently holds the Series 7, 63, 65, 9 and 10 licenses. She has also achieved the designation of Registered Paraplanner TM from the College of Financial Planning. With all of her industry licenses, years of experience and leadership skills, Maura offers our clients skilled focus in all areas of operations and service. Her primary responsibilities include onboarding and developing new client relationships, proactive maintenance of existing relationships, key contact for problem resolution, cash and security movement, account inception and digital engagement.
Maura lives on Phoenix and in her free time she enjoys spending time with her family, her kitties, Zoe, Daisy & Honey, exploring new travel destinations, horseback riding and scuba diving.
Maura lives on Phoenix and in her free time she enjoys spending time with her family, her kitties, Zoe, Daisy & Honey, exploring new travel destinations, horseback riding and scuba diving.
About Sarai Ordonez
Hello everyone! It is with great pleasure and excitement that I formally introduce myself as the newest addition to The Compass Rose Group at Morgan Stanley, my name is Sarai Ordonez. As a New Mexico native from Las Cruces, I hold a deep appreciation for our community, Go Aggies!
I have two very energetic boys that keep me on the go with their passion for sports and community involvement, in fact my seven-year-old placed first in the New Mexico State tournament this spring! Having twelve years in the financial industry I’m looking forward to bringing my dedication and enthusiasm to The Compass Rose Group and contributing to our collective success.
I have two very energetic boys that keep me on the go with their passion for sports and community involvement, in fact my seven-year-old placed first in the New Mexico State tournament this spring! Having twelve years in the financial industry I’m looking forward to bringing my dedication and enthusiasm to The Compass Rose Group and contributing to our collective success.
About Hunter Cruise
Hunter is the newest Registered Client Service Associate with The Compass Rose Group, focusing heavily on increasing team operational efficiency and client care. With a strong sense of humor and upbeat attitude, Hunter enjoys building relationships with clients, colleagues, and team partners.
Outside of the office, Hunter can be found spending time with his wife, Skyler, and their four-month-old son, Luke. Born and raised in Mesa, Arizona, Hunter enjoys tolerating the warmer Arizona weather.
Outside of the office, Hunter can be found spending time with his wife, Skyler, and their four-month-old son, Luke. Born and raised in Mesa, Arizona, Hunter enjoys tolerating the warmer Arizona weather.
About Mary L. Maestas
Mary is a financial services professional with more than 25 years of industry experience. She began her career at Smith Barney in 1995, joined Morgan Stanley in 2000, and later moved to UBS in 2004. Mary is pleased to be back at Morgan Stanley, where she brings deep experience and a client-first approach to her work. Passionate about what she does, Mary focuses on building meaningful, long-term relationships and delivering thoughtful support to the clients she serves.
Outside of work, Mary has been married to her husband, Bryan, for over 30 years, and they have one 26-year-old daughter, Marisa, who lives in San Diego. In her free time, Mary enjoys the outdoors and traveling with family and friends. She and Bryan are avid Dodgers and Broncos fans and make it a point to attend at least one game each year when possible.
Outside of work, Mary has been married to her husband, Bryan, for over 30 years, and they have one 26-year-old daughter, Marisa, who lives in San Diego. In her free time, Mary enjoys the outdoors and traveling with family and friends. She and Bryan are avid Dodgers and Broncos fans and make it a point to attend at least one game each year when possible.
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Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2023-2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2023-2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisors
2022-2026 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2022-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Barron's Top 1,200 Financial Advisors: State-by-State
2009-2026 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2009-2026). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
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CARDINAL DIRECTIONS - JUNE 2026
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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
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- 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
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- Traditional Investments
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- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
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- Long Term Care Insurance
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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
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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
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- Donor Advised Funds
- Impact Investing
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Retirement for Plan Sponsors
End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
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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.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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 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.
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 and other legal matters.
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.
6Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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. Diversification does not guarantee a profit or protect against loss in a declining financial market.
7Morgan 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
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.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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 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.
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 and other legal matters.
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.
6Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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. Diversification does not guarantee a profit or protect against loss in a declining financial market.
7Morgan 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
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.
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CRC 4665150 (8/2025), 5378280 (5/2026)
