Welcome

For over 40 years our team has worked with clients, providing advice at every stage of life. We most frequently work with families, early employees, non-profit foundations, and founders. Together with our clients we identify goals, resources, and core values – all of which are integrated into customized strategies for saving and investing, asset preservation, and estate and tax planning.

With Hawaii roots, and clients across the country, our practice has expanded to include hubs in both Honolulu and San Francisco.

Learn more about our capabilities and why we choose Morgan Stanley below!
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheckLink Opens in New Tab.*
    Icon Image
    Goals Based Planning
    More than ever, our clients need guidance and advice. Our planning process seeks to understand where you are today, identify your goals for the future, and create a framework from which we can help you make informed financial decisions.
    Click here to learn more
    Icon Image
    Your Families Legacy
    We have 2nd and 3rd generation clients who continue to rely on our team for help and advice. Successfully guiding the transfer of wealth from one generation to the next, and providing continuity and direction for families during uncertain times brings us pride and joy.
    Icon Image
    Investment & Risk Management
    Morgan Stanley offers unparalleled intellectual capital and resources. We create customized investment strategies for each client based on a target asset allocation and risk budget. Many of our clients choose investments designed to advance environmental, economic, and social goals.
    Click here to learn more
    Icon Image
    Taxes
    While it’s said that the only things certain in life are death and taxes, we seek tax efficiency through intelligent asset location, withdrawal sequencing, and investment strategies designed to help manage taxes. In collaboration with your CPA we are able to strategize tax deferral and tax loss harvesting.

    Disclosure:
    Tax-loss harvesting. IRS rules stipulate that if a security is sold by an investor at a tax loss, the tax loss will not be currently usable if the investor has acquired (or has entered into a contract or option on) the same or substantially identical securities 30 days before or after the sale that generated the loss.  This so-called “wash sale” rule is applied with respect to all of the investor’s transactions across all accounts.
    Read: "These Steps May Reduce Taxes on Your Income & Portfolio"
    Icon Image
    Concentrated Stock
    In addition to being a more complex position manage, a concentrated stock position often occupies a special place in the heart and the portfolio of an investor. We will work with you to assess the opportunities and risks associated with a concentrated position, and we will work with you to develop a monetization, diversification, and long term management strategy that aligns with your broader financial goals.


    Disclosure:

    Asset allocation and diversification do not guarantee a profit or protect against a loss in a declining financial market.
    Click here to learn more
    Icon Image
    Communication & Servicing
    We are committed to predictable and reliable communication. Our approach to service demands the highest standards of accessibility, availability, and responsiveness.

IMPACT INVESTING

As a global leader in financial services, we believe we have a responsibility to the communities in which we live and work. We are privileged to have clients who carry this responsibility through to their investments, and we are confident in our resources and abilities to guide them on a purposeful journey of wealth management.

    Icon Image
    Our Process

    Parallel to developing our understanding of your financial resources, goals, and objectives we have a process to discover and implement your unique impact goals.

    • Discover: We begin with the Morgan Stanley Impact Quotient® questionnaire.
    • Assess: Then, using customized reporting, we evaluate your existing portfolio relative to your impact objectives.
    • Align: This data serves as our guide for investment opportunities to enhance portfolio alignment.
    Icon Image
    What is Impact Investing?

    Investing with Impact is harnessing the power of finance to drive positive change. Morgan Stanley offers a wide ranging suite of mutual funds, exchange-traded funds, separately managed accounts and alternative investments opportunities (for qualified investors) that seek to advance environmental, economic and social goals alongside competitive performance.

    Disclosures:
    The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
    Portfolios using Environmental, Social and Governance ("ESG") criteria, also known as sustainable or impact investing, may perform differently than those without such considerations. ESG focused investments may face market limitations, and there is no guarantee they will achieve better financial or sustainability outcomes.

    Icon Image
    Who is Investing with Impact?

    Many asset owners worldwide now routinely incorporate environmental, social and governance (ESG) factors in their decision-making.

    Icon Image
    Will I Have to Give Up Performance?

    Some of our clients prioritize impact outcomes over investment performance. Others seek the parallel goals of positive environmental, social, or governance impact alongside market rate returns.

    The Conscious Wealth Management Group named to Forbes Best-In-State Wealth Management Teams (2024)
    Forbes Best-In-State Wealth Management Teams
    Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.
    Noel Pacarro Brown named to Forbes Best-In-State Women Advisors (2024)
    Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State
    Source: Forbes.com (Awarded Feb 2024) Data compiled by SHOOK Research LLC based on time period from 9/30/22 - 9/30/23.
    Noel Pacarro Brown Named to Forbes Top Women Wealth Advisors (2023)
    Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State
    Source: Forbes.com (Awarded Feb 2023) Data compiled by SHOOK Research LLC based on time period from 9/30/21 - 9/30/22.
    Press Release
    Noel Pacarro Brown named to Forbes Best-In-State Wealth Advisors (2023)
    Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors
    Source: Forbes.com (Awarded April 2023) Data compiled by SHOOK Research LLC based on time period from 6/30/21 - 6/30/22.
    Noel Pacarro Brown named to Forbes Best-In-State Wealth Advisors (2022)
    ​Forbes Best-In-State Wealth Advisors
    Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
    Press Release
    Noel Pacarro Brown named Top Wealth Advisor Mom by Working Mother & SHOOK Research (2021)
    Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms
    Source: Workingmother.com (Awarded Oct 2021) Data compiled by SHOOK Research LLC based on time period from 3/31/20 - 3/31/21.
    Press Release
    Noel Pacarro Brown named to Forbes Top Next-Gen Wealth Advisors (2020)
    Forbes Top Next-Gen Wealth Advisors
    Source: Forbes.com (Awarded Jul 2020) Data compiled by SHOOK Research LLC based on time period from 3/31/19 - 3/31/20.
    Noel Pacarro Brown: Women Without Limits
    Morgan Stanley Wealth Management is committed to creating opportunities for women in their careers, their wealth planning and their communities. We’re closing the gap and helping empower females throughout every stage of their lives, with tangible resources, advice and stories.
    Watch Noel's Video Feature Here

Highlighted Resources & Upcoming Events

Here at Morgan Stanley, we strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds, as well as links to register for upcoming client events.
    Icon Image
    2024 U.S. Stock Market Outlook: A Time for Balance
    2024 is more likely to be an average year for markets than a double-digit winner. Find out why and what it means for your portfolio.
    2024 U.S. Stock Market Outlook: A Time for Balance
    Icon Image
    Thoughts On The Market Podcast
    Join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues give their perspective on the forces shaping the market and cover the latest trends in the financial marketplace.
    Thoughts On The Market Podcast
    Icon Image
    Modern Banking Experience
    Smart cash management is a critical part of successful wealth management.
    Morgan Stanley Banking
    Icon Image
    2024 Federal Income Tax Tables
    For help filing your taxes this year, our team has published the 2024 tax tables for your reference. Please click the link below to view them.
    2024 Federal Income Tax Tables
    Health is Wealth with Dr Kim Henderson - Monday, September 9th at 4PM ET
    Join us for a session featuring Dr. Kim Henderson, Head of Wealth Management Health & Wellness Education who will provide us with insights into managing healthcare, investing in preventative care, and cultivating healthy habits that could lead to long- term prosperity.
    Register
    Estate Planning 101: Basics including How to Be a Trust Beneficiary - Monday, October 7th at 4PM ET
    Join us on a session on the fundamentals of estate planning, a strategy designed to help protect, manage and distribute assets both during and after your lifetime. This session will feature our in-house experienced professionals that will speak about preserving your legacy while ensuring the well-being of your loved ones to leave a lasting impact.
    Register
    Entrepreneurship 101: Turning Ideas into Profit - Monday, November 4th at 4PM ET
    If you are an aspiring entrepreneur, this session will teach you the essential steps to take when launching your own business, from concept to execution. Discover the importance of building a reliable team and implementing robust business structures for long term success.
    Register
    Navigating College & Career Paths - Monday, December 2nd at 4PM ET
    Join us to navigate the ins and outs of career paths, digital branding and networking essentials. Whether you’re starting your career or looking to pivot, this session will equip you with the tools and strategies needed to thrive in today’s competitive landscape.
    Register

Location

733 Bishop Street
Suite 2800
Honolulu, HI 96813
US
Direct:
(808) 525-6922(808) 525-6922
555 California Street
San Francisco, CA 94104
US
Direct:
(415) 955-1656(415) 955-1656

Meet The Conscious Wealth Management Group

About Noel Pacarro Brown

Noel Pacarro Brown joined Morgan Stanley in 2007, as the lead of The Conscious Wealth Management Group at Morgan Stanley, a team founded by her mother, Gwen Pacarro over 40 years ago. Noel works with families, foundations, and founders to help advance their mission and vision through thoughtful planning and investments. She is recognized by her firm as an Investing with Impact Director, Family Wealth Director, and Senior Investment Management Consultant.

As an Investing with Impact Director, she develops portfolios designed to help achieve both financial and impact goals, aligned with values defined by her clients. As a Family Wealth Director, she has an extensive background in advanced tax management and estate planning strategies, to help families to structure their wealth effectively with the goal of leaving intentional and lasting legacies. As a Senior Investment Management Consultant, Noel works with Morgan Stanley’s Outsourced Chief Investment Officer (OCIO) team to manage large institutional clients who seek to align their investments with the mission of their organization. Noel works with clients across a spectrum of causes including: the advocacy of women, reproductive justice, climate justice, social justice, environmental rights, and indigenous rights.

Noel serves on the board for the Investment & Wealth Institute® (formerly IMCA®); a global professional association, advanced education provider, and standards body for financial advisors, investment consultants, and wealth managers who embrace excellence and ethics. Noel also serves on the board of the Women’s Funding Network, whose mission is to provide strategies, research, and resources that support the critical agency and influence of women’s foundations and gender justice funders in the movement for equality, justice, and power for all.

Noel grew up on Oahu and graduated from Punahou School. She attended Wellesley College before graduating with Honors from Brown University, and her Masters in Teaching from Pacific University. Noel spends her free time with her husband Cameron, their two children, and two dogs.

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

Morgan Stanley Smith Barney LLC 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 http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.

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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.

Morgan Stanley Smith Barney LLC. Member SIPC.
Securities Agent: PA, CA, DE, TX, OH, NM, IL, DC, WY, VA, CT, AR, NV, MD, MA, KS, CO, IA, AL, HI, VT, TN, SC, MN, FL, ME, GA, AZ, OR, MI, WA, UT, NY, NC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1285127
CA Insurance License #: 4223075

About Michael Laconsay

Michael has been with The Conscious Wealth Management Group (formerly The Pacarro Group) for more than 15 years, and has been in the Financial Services Industry for over 20 years.

As a Chartered Retirement Planning Counselor, Michael guides client’s through the entire retirement planning process, including meeting multiple financial objectives, sources of retirement income, personal savings, employer-sponsored retirement plans, income taxes, retirement cash flow, and asset management.

Michael is especially passionate about helping clients and their families navigate the aging process, and combines both his personal and professional experience when advising clients about this stage of life.

Outside of the office, Michael cherishes time with his family. He is involved with the Lions Club, and the National Federation of the Blind.
Securities Agent: SC, AZ, UT, MI, GA, ME, CO, CA, VT, FL, AR, OR, OH, KS, NY, IL, WA, PA, NV, DE, TX, MN, MD, AL, DC, NM, NE, CT, WY, VA, NJ, NC, HI; General Securities Principal; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1288181
CA Insurance License #: 0A72749

About Lindsay Mist

Lindsay Mist is a Vice President, Financial Advisor with over 15 years of experience. Born and raised in Honolulu, she began her career in 2008 as a Client Service Associate, and became a Financial Advisor in 2012. In 2013 Lindsay achieved her CERTIFIED FINANCIAL PLANNER™ designation, representing her knowledge in areas of financial planning, tax, insurance, estate planning, and retirement saving. In 2023 Lindsay earned her Investing with Impact Director title, awarded to select advisors with Morgan Stanley who demonstrate advanced experience and leadership in working with clients focused on aligning their impact and financial goals.

In addition to advising clients, Lindsay serves as the hub for many aspects of the team’s operations. Educating clients about behavioral finance, planning for life milestones, and seeing clients achieve their goals are what Lindsay enjoys most about her work.

Lindsay is a graduate of Iolani School, and UC Irvine where she rowed Crew. Outside of the office, Lindsay serves on the boards of The Kapi’olani Sex Abuse Treatment Center, and Goodwill Industries Hawaii. She enjoys time outside with her husband, two children, and their dog.
Securities Agent: KS, WY, MD, AL, CT, MI, HI, UT, NY, DC, AR, NV, IL, FL, CO, AZ, WA, NM, IA, CA, VA, TX, OH, MN, DE, SC, PA, OR, GA, ME; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1301183
CA Insurance License #: 0K32358

About Darren J. Agena

Darren began his career at a large Hawaii based financial institution in 2011, and joined Morgan Stanley in 2016. As a CERTIFIED FINANCIAL PLANNER™, his primary responsibilities are to support the team’s financial planning efforts, and client relationship management in addition to working with his primary clients. Darren has been named to the Firm's Pacesetter's Club in years 2020, 2021, 2022, 2023 & 2024, which were all the years he was eligible. This is a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards.

Darren holds an MBA from Chaminade University, BBA in finance from the University of Hawaii at Manoa.

Outside of the office, Darren is either on the board or an active member of Aloha United Way – Society of Young Leaders, Chamber of Commerce Hawaii, & Rotary E-Club. In his free time, he enjoys spending time with his wife, daughter, and their cat son. He also is a car enthusiast and enjoys connecting with people who share the same passion.
Securities Agent: OK, OH, ME, WY, SC, PA, MI, IL, HI, GA, CO, NV, NM, MD, DC, OR, NY, AZ, WA, TX, UT, CA, VA, FL, DE, AR; General Securities Representative; Investment Advisor Representative
NMLS#: 1889143
CA Insurance License #: 4104681

About Claire K.I. Miyasato

Claire Miyasato, Senior Vice President, CERTIFIED FINANCIAL PLANNER™, is based in our Maui office. Claire brings 19 years of industry experience, all at Morgan Stanley. Prior to Morgan Stanley, she practiced as a Speech Language Pathologist and a consultant for healthcare organizations.

As a financial advisor, Claire has been inspired by the Hawaiian word kūpono, “to be upright, honest and fair.” She views herself as a sounding board to her clients, leveraging her experience as both a listener and an advisor. Her process focuses on financial planning to support her clients in their pursuit of a fulfilling life.

Outside of work, Claire is an advocate for underserved women and children through volunteer work and financial support. She is passionate about island workforce development diversification and hopes to enhance the education and resources for island students. Claire has a daughter, who is a medical student, and lives on Maui with her husband, a physician. She enjoys scenic hiking, experimenting with plant-based recipes, and travel to learn in-depth about the culture and history of countries around the world.
Securities Agent: NV, MA, IL, HI, WA, MI, OH, AZ, AR, CA, NM, TX, OR, ME, GA, DE, DC, WY, VA, PA, SC, NY, MD, FL, CO; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1293899
CA Insurance License #: 4072490

About Marissa Small-Towns

Marissa joined Morgan Stanley in 2021 and is based in our Honolulu, Hawaii office. As a Client Service Associate Marissa helps clients with transactions, account maintenance, scheduling, and servicing. She enjoys building relationships with clients, and is currently working toward her Series 7 and Series 66 designations.

After attending The College of Charleston in South Carolina where she ran track and cross-country, Marissa moved out to Hawaii with her now husband. She now inspires other young runners as a coach for Mid-Pacific Institute. Marissa also enjoys traveling with her husband, and playing with their dogs.

Retirement

Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
  • 401(k) Rollovers
  • IRA Plans
  • Retirement income strategies
  • Retirement plan participants
  • Annuities
4 Financially Smart Ways to Take Money Out of Retirement AccountsLink Opens in New Tab
Article Image

4 Financially Smart Ways to Take Money Out of Retirement Accounts

Discover how planning for required minimum distributions from retirement accounts can help you fund future needs and support loved ones.

Investing

Working closely with you to guide your wealth and investments through the most challenging market cycles.
  • Asset Management
  • Wealth Planning
  • Traditional Investments
  • Alternative Investments
  • Impact Investing
2025 Global Economic Outlook: U.S. Policies May Temper Global GrowthLink Opens in New Tab
Article Image

2025 Global Economic Outlook: U.S. Policies May Temper Global Growth

Global growth is likely to be around 3% in 2025 and 2026, as tariff and immigration policies begin to slow the U.S. economy late next year, and China's underperformance restrains emerging markets.

Family

Creating customized financial strategies for the challenges that today’s families face.
  • Estate Planning Strategies
  • 529 Plans / Education Savings Planning
  • Long Term Care Insurance
  • Special Needs Planning
  • Trust Services
Taking Control of Your Finances After Death of a SpouseLink Opens in New Tab
Article Image

Taking Control of Your Finances After Death of a Spouse

Financial planning after a divorce or death can be trying, but with the right approach and the right advice you can turn a difficult situation into empowerment.

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
Donor Advised Funds: A Smart Way to Manage Your Giving Link Opens in New Tab
Article Image

Donor Advised Funds: A Smart Way to Manage Your Giving 

There’s more to charitable giving than you may realize. Here’s one method that may be a tax-efficient way to give and can help maximize your impact.
Ready to start a conversation? Contact The Conscious Wealth Management Group today.
Market Information Delayed 20 Minutes
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

Back to top



2The 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. Diversification does not guarantee a profit or protect against loss in a declining financial market.

Back to top



3Morgan 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 or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.

Back to top



4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

Back to top



5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

Back to top



6Morgan 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.

Back to top



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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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 DisclosuresLink Opens in New Tab
CRC 6491812 (04/2024)