Gary Peppel, CIMA®
Senior Vice President, Financial Advisor, Portfolio Management Director
Phone:
(414) 256-1644(414) 256-1644
The Cornerstone Group Milwaukee at Morgan Stanley
Direct:
(262) 523-8300(262) 523-8300
Toll-Free:
(800) 558-7505(800) 558-7505
Our Mission Statement
The biggest question our clients ask before working with us is, “Will I have enough money to last the rest of my lifetime?” By focusing on each client’s unique objectives and circumstances, we are committed to providing greater confidence that each client’s financial plan is designed to support long-term security while helping them pursue their passions, dreams, and desired lifestyle.
Welcome to The Cornerstone Group
Our Story and Services
As your Financial Advisors, we combine deep level of experience with a personal approach to help guide you on your financial journey. Based in Waukesha, Wisconsin, our team is committed to serving our clients and community with integrity and professionalism.
Our approach begins with understanding your individual needs and developing tailored strategies aligned with your financial aspirations. Our mission is to help ensure your wealth works as hard as it can.
To achieve this, we ask the right questions, identify appropriate strategies, and put the full experience and resources of Morgan Stanley to work for you. You can rely on us to first understand the life you envision, and then help develop wealth management strategies aimed at meeting the objectives that matter most to you.
We offer a comprehensive suite of services designed to address every aspect of your financial life:
- 401(k) Rollovers: Seamlessly transition your retirement savings with comprehensive guidance.
- 529 Plans: Invest in your child's future with education savings plans.
- Asset Management: Optimize your portfolio with strategic asset allocation.
- Estate Planning Strategies: Secure your legacy with thoughtful estate planning.
- Retirement Planning: Plan for a comfortable and secure retirement.
- Trust Accounts: Manage and help protect your assets with trust services.
- Cash Management and Lending Products: Enhance your financial flexibility with tailored solutions.
Our Commitment
Our goal is to provide open and clear communication, objective advice, and a genuine concern for your financial well-being. Our vision is to be your dedicated financial services provider through deep financial knowledge, unquestionable integrity, and service designed around your needs.
Connect with Us
Whether you're planning for retirement, managing your estate, or seeking investment advice, The Cornerstone Group is here to help. Let's work together to build a secure financial future.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Thoughtful, Comprehensive, and Goal-Driven Wealth Management
At Morgan Stanley, we believe that identifying potential solutions begins with a solid understanding of each situation, goals, objectives, and risk tolerance. We follow a disciplined process which allows us to collaborate with you to develop a strategy that can help meet your individual financial needs.
Introduction & Getting to Know You
Our initial conversation is built around getting to know everything about your family, goals, lifestyle, and hobbies. We will then work together to identify your financial strengths and weaknesses by discussing your current investment portfolio, savings, habits, and overall beliefs when it comes to the financial markets. This will allow us to custom tailor a strategy for you and your family.
Review & Analyze
Next, we review your current and future financial situation, identify any potential shortfalls, and discuss the impact of unexpected life events. Once we have a firm understanding of your finances, fears, and desired outcomes, we establish a strategy based on your short, medium, and long-term objectives. Here, we utilize proprietary financial planning tools to develop a personalized and detailed plan with recommendations to help you grow, preserve, and transfer your wealth. Our goal is to construct a plan which encompasses every important detail of your life.
Delivering Recommendations
The next part of the process is delivering and discussing the most important aspects of your financial picture. This includes discussing tax-efficiency/capital gains, portfolio risk as well as financial & estate planning strategies. Depending on what stage of life you are in we will also discuss education planning, tax-efficient withdrawals/planning for required minimum distributions, and best practices when preparing for retirement. Finally, we will help optimize your ongoing cash & liability management strategy.
Implementation, Monitoring & Accountability
This is one of the most important parts of the process because it requires action from both you and our team. The recommendations provided will need to be applied internally here at Morgan Stanley, but more importantly by you making the necessary changes to implement the plan discussed. We believe that every relationship counts. Therefore, we work with a limited number of clients and families to ensure thoughtful advice and impeccable service. We meet regularly to make sure your plan remains current and to review your progress. Client service and communication is paramount; therefore, we make ourselves available for clients as needed.
Our Process
The Cornerstone Group's financial planning process begins with you, your investment objectives, and your financial goals. Our approach is holistic and encompasses all the elements of your financial life; from your investments and cash management needs, to ensuring that your intentions align with your goals and wealth management strategy. Whether your financial goal may be to grow your wealth, preserve it, or pass it on to others, you can count on our team to work with you to create a tailored strategy to get you there.
Retirement Planning
The decisions you make about your workplace retirement plan can benefit you for years to come. We will help you
understand and put your resources to work, so you can plan, invest, and transition to retirement with confidence.
Click Here to Learn Moreunderstand and put your resources to work, so you can plan, invest, and transition to retirement with confidence.
Wealth Management
Morgan Stanley has been helping clients build, preserve, and manage wealth at every stage of life.
From investing on your own to comprehensive financial planning, we offer a range of solutions to meet your needs.
Click Here to Learn MoreFrom investing on your own to comprehensive financial planning, we offer a range of solutions to meet your needs.
Intelligent Withdrawals
As an investor, you have built your wealth over time. As financial advisors, we now have enhanced tools to look
over your entire portfolio to find the most tax-efficient way to liquidate assets.
Click Here to Learn Moreover your entire portfolio to find the most tax-efficient way to liquidate assets.
Financial Planning Questionnaire
This questionnaire will help us create a personalized strategy for you and can enhance our conversation
around your long-term goals.
Click Here to Fill Outaround your long-term goals.
Education Planning
With education costs rising, paying for college has become a major life expense that requires smart planning.
Click Here to Learn MoreOnline Tools And Features Available To You
Morgan Stanley strives to ensure it serves clients on its technology platforms that are resilient, safe, efficient, and smart. As part of our services, these resources are readily available to all our clients. Learn more about each tool and feature to see how it can easily help you manage and secure your financial journey.
Morgan Stanley Online & Mobile App
Morgan Stanley Online allows you to manage your investments and everyday finances seamlessly and securely in one place.
Morgan Stanley Online & Mobile App
eAuthorization
eAuthorizations allows you to approve transactions electronically and securely on Morgan Stanley Online and the Morgan Stanley Mobile App.
eAuthorization
Data Security
Our highest priority is keeping your information protected. Morgan Stanley dedicates significant resources to protecting your assets and personal information.
- Encryption protocols designed to protect your data.
- Continuous monitoring to help detect and prevent fraud.
- Routine testing of our systems and security protocols.
- Independent review by outside security firms.
Data Security- Encryption protocols designed to protect your data.
- Continuous monitoring to help detect and prevent fraud.
- Routine testing of our systems and security protocols.
- Independent review by outside security firms.
eSign
Protecting personal information is a top priority at Morgan Stanley. Using eSign is safer for our clients than sending physical paperwork, and has anti-fraud and cybersecurity features to help protect our clients. eSign can help confirm our client’s identity with multifactor authentication and client data is afforded additional protection through encryption. eSign also has a temper-proof seal that allows documents to be protected against tempering once signed.
eSign
Portfolio Risk Platform
Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
Portfolio Risk Platform
CashPlus
Designed as a modern alternative to banking with all the capabilities to help you access, move, and manage cash how and when you need it. Plus unlock exclusive benefits such as unlimited ATM fee rebates worldwide, Identity & Credit Protection from Experian®, and more. You must be a Morgan Stanley client to open an account.
CashPlusMonthly Outlooks & Updates
The Cornerstone Group strives 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.
Global Investment Committee: On The Markets
A monthly publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out the latest edition below.
Learn More
2025 Federal Income Tax Tables
To better assist you with this year's tax filing, please find below the 2025 Tax Tables for your reference.
Learn More
Global Investment Office
The Morgan Stanley Global Investment Office provides you with world-class thought leadership timely market commentary, and portfolio ideas to help guide your investment decisions.
Morgan Stanley Portfolio Insights
Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential, manage unrealized gains and help keep more of what you earn.
Learn MoreLocation
20975 Swenson Drive
Suite 300
Waukesha, WI 53186
US
Direct:
(262) 523-8300(262) 523-8300
Toll-Free:
(800) 558-7505(800) 558-7505
Meet The Cornerstone Group Milwaukee
Daniel Doyle, CMFC®, CRPC®
Vice President, Financial Advisor, Financial Planning Specialist
Phone:
(262) 523-8304(262) 523-8304
Executive Director, Wealth Management, Financial Advisor, Senior Investment Management Consultant, Senior Portfolio Management Director
Phone:
(262) 523-8370(262) 523-8370
Phone:
(414) 266-5161(414) 266-5161
Amanda P. Carlson
Registered Senior Client Service*, Financial Planning Specialist, Cash Engagement Specialist
Phone:
(262) 523-8323(262) 523-8323
Kayla J. Cardoza, CFP®*
Wealth Management Associate
Phone:
(262) 523-8371(262) 523-8371
Erin McGrath
Wealth Management Associate, Financial Planning Specialist*
Phone:
(414) 256-2546(414) 256-2546
About Gary Peppel
Gary Peppel is a Senior Vice President, Financial Advisor, and Portfolio Management Director. Gary holds a Bachelor of Science in Electrical Engineering and a Master of Business Administration from Marquette University. In 2009, Gary completed the Certified Investment Management Analyst® program through the Wharton School at the University of Pennsylvania. He was awarded the Five Star Wealth Manager Award each year from 2012-2025 for his elevated level of knowledge and service to clients.
Gary has been with Morgan Stanley since 1995. For over thirty years, Gary has succeeded in assisting families and individuals with the development and achievement of their long-term financial goals. Using his extensive retirement planning experience, Gary educates his clients on ways to safely grow their investment portfolios, reduce taxes and provide more income over their lifetime.
Gary lives in Hartland, WI with his wife Julie. They have two sons, Zach, and Matthew. Gary and his family spend their time golfing, boating, fishing, skiing, playing tennis and almost any outdoor activity. His family are all active members of Divine Redeemer Lutheran Church in Hartland.
Five Star Wealth Advisor Award
2012-2025 Five Star Wealth Manager Award
Source: fivestarprofessional.com
This award was issued in 2025. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from:
2012 Award - 09/6/2011 through 05/5/2012
2013 Award - 09/6/2012 through 05/5/2013
2014 Award - 09/6/2013 through 05/5/2014
2015 Award - 09/6/2014 through 05/5/2015
2016 Award - 09/6/2015 through 05/5/2016
2017 Award - 09/30/2016 through 04/17/2017
2018 Award - 10/3/2017 through 04/18/2018
2019 Award - 09/17/2018 through 04/12/2019
2020 Award -09/16/2019 through 04/10/2020
2021 Award - 09/7/2020 through 04/9/2021
2022 Award - 09/27/2021 through 03/25/2022
2023 Award - 09/12/2022 through 03/31/2023
2024 Award - 09/12/2023 through 03/29/2024
2025 Award - 09/18/2024 through 02/28/2025
Gary has been with Morgan Stanley since 1995. For over thirty years, Gary has succeeded in assisting families and individuals with the development and achievement of their long-term financial goals. Using his extensive retirement planning experience, Gary educates his clients on ways to safely grow their investment portfolios, reduce taxes and provide more income over their lifetime.
Gary lives in Hartland, WI with his wife Julie. They have two sons, Zach, and Matthew. Gary and his family spend their time golfing, boating, fishing, skiing, playing tennis and almost any outdoor activity. His family are all active members of Divine Redeemer Lutheran Church in Hartland.
Five Star Wealth Advisor Award
2012-2025 Five Star Wealth Manager Award
Source: fivestarprofessional.com
This award was issued in 2025. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from:
2012 Award - 09/6/2011 through 05/5/2012
2013 Award - 09/6/2012 through 05/5/2013
2014 Award - 09/6/2013 through 05/5/2014
2015 Award - 09/6/2014 through 05/5/2015
2016 Award - 09/6/2015 through 05/5/2016
2017 Award - 09/30/2016 through 04/17/2017
2018 Award - 10/3/2017 through 04/18/2018
2019 Award - 09/17/2018 through 04/12/2019
2020 Award -09/16/2019 through 04/10/2020
2021 Award - 09/7/2020 through 04/9/2021
2022 Award - 09/27/2021 through 03/25/2022
2023 Award - 09/12/2022 through 03/31/2023
2024 Award - 09/12/2023 through 03/29/2024
2025 Award - 09/18/2024 through 02/28/2025
Securities Agent: WI, WY, NV, LA, KS, FL, MO, VT, SC, IN, DC, NH, WV, PA, NY, MA, CT, IL, AZ, AR, UT, TX, SD, MI, CA, NC, VA, OR, NJ, ID, IA, HI, AL, KY, NM, DE, WA, MT, MN, OH, NE, MD, GA, CO, TN; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1799773
CA Insurance License #: 4466445
NMLS#: 1799773
CA Insurance License #: 4466445
About Daniel Doyle
Dan is Vice President, Financial Advisor and Financial Planning Specialist, at Morgan Stanley. He joined Morgan Stanley in 2005 and graduated from Marquette University with a degree in finance. Dan attained the Chartered Mutual Fund Counselor (CMFC) and Chartered Retirement Planning Counselor (CRPC) professional designations from the College for Financial Planning and Financial Planning Specialist designation from Morgan Stanley.
Dan began his career at Morgan Stanley as a Financial Advisor. In addition to being an advisor, he spent time working in Risk and Compliance. A desire to have more personal interactions with families and his interest in the markets led Dan back to being a Financial Advisor. He helps clients in advanced planning areas such as asset allocation strategy and retirement planning.
Dan lives in Milwaukee and is a lifelong resident of Wisconsin. Dan enjoys spending time with family, skiing, and golfing.
Dan began his career at Morgan Stanley as a Financial Advisor. In addition to being an advisor, he spent time working in Risk and Compliance. A desire to have more personal interactions with families and his interest in the markets led Dan back to being a Financial Advisor. He helps clients in advanced planning areas such as asset allocation strategy and retirement planning.
Dan lives in Milwaukee and is a lifelong resident of Wisconsin. Dan enjoys spending time with family, skiing, and golfing.
Securities Agent: NC, MI, WV, LA, CT, AZ, TX, SD, OR, NJ, MO, MN, MD, ID, DC, GA, AL, NH, KS, WY, WA, MA, IA, HI, CO, AR, VT, VA, NV, NM, FL, WI, IL, UT, PA, OH, NY, NE, IN, CA, TN, SC, MT, DE, KY; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1911094
CA Insurance License #: 4466447
NMLS#: 1911094
CA Insurance License #: 4466447
About Timothy J. Moriarty
Tim is an Executive Director, Financial Advisor, Senior Investment Management Consultant, and Senior Portfolio Management Director. Tim is a member of Morgan Stanley’s prestigious Master’s Club since 2020 and has been a financial advisor since 1991. For over 30 years, Tim has been dedicated to helping his clients define and meet their goals by delivering a large array of resources most appropriate for their investment strategy.
Tim uses a comprehensive approach to asset management and works one-on-one with clients to create wealth management strategies, assisting clients in reaching their financial goals as simply and efficiently as possible. Tim provides highly customized advice, investment solutions, and financial planning services to help clients retire confidently.
Tim and his wife, Connie, live in Genesee, WI and have two adult daughters, Alex, and Ryan.
Tim uses a comprehensive approach to asset management and works one-on-one with clients to create wealth management strategies, assisting clients in reaching their financial goals as simply and efficiently as possible. Tim provides highly customized advice, investment solutions, and financial planning services to help clients retire confidently.
Tim and his wife, Connie, live in Genesee, WI and have two adult daughters, Alex, and Ryan.
Securities Agent: PA, OH, NJ, CA, WV, VA, TN, MT, IN, IL, LA, IA, DC, MA, AZ, AL, WA, RI, MD, HI, SD, SC, MI, GA, WY, NY, NE, TX, DE, CT, WI, NC, MO, ID, CO, OR, NV, NM, MN, KS, FL, AR, VT, UT; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1370981
CA Insurance License #: 0L27733
NMLS#: 1370981
CA Insurance License #: 0L27733
About Steve Fischer
Steve is an Executive Director and Financial Advisor at Morgan Stanley. Steve has been at Morgan Stanley since 1997. He started his career as an advisor and is continually evolving to incorporate innovative approaches and processes designed to help his clients achieve their goals.
Steve focuses on assisting clients with asset allocation, portfolio construction, and risk management. Steve is passionately committed to long-term relationships and strives to deliver exceptional client service. He listens carefully to clients’ goals, values, aspirations, and concerns, and works to help them in achieving their financial objectives.
Steve lives in North Prairie, WI with his wife, Laura. They have three children, Kaitlyn, Grant, and Julia. Steve and his family enjoy spending time traveling and playing golf in their free time.
Steve focuses on assisting clients with asset allocation, portfolio construction, and risk management. Steve is passionately committed to long-term relationships and strives to deliver exceptional client service. He listens carefully to clients’ goals, values, aspirations, and concerns, and works to help them in achieving their financial objectives.
Steve lives in North Prairie, WI with his wife, Laura. They have three children, Kaitlyn, Grant, and Julia. Steve and his family enjoy spending time traveling and playing golf in their free time.
Securities Agent: TN, IL, FL, AL, CA, OR, NJ, MO, WY, VT, NE, MN, UT, NV, MT, IN, HI, AZ, SD, NY, MI, KS, ID, WI, NC, DE, AR, VA, NM, MD, PA, OH, MA, LA, CO, SC, IA, GA, DC, CT, WV, WA, TX; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1832945
CA Insurance License #: 4466449
NMLS#: 1832945
CA Insurance License #: 4466449
About Amanda P. Carlson
Amanda has been working in the financial services industry for 21 years and joined the Cornerstone Group at the end of 2021. Prior to joining Morgan Stanley and the team, Amanda spent almost two decades working across various areas of the industry - from finance manager to mortgage banking, and retirement planning. Amanda graduated from the University of Wisconsin with a major in Economics & Communication and a minor in Organizational Administration.
Amanda found her motivation for working in financial services because she genuinely enjoys helping others reach their goals and accomplish their dreams. She understands that finances are not always an easy topic to discuss, so she strives to make clients feel comfortable having those conversations. Amanda supports The Cornerstone Group by providing excellent customer service through client communications and daily operations.
She lives with her husband, two children and two adopted dogs. Amanda enjoys spending her free time traveling, outdoor activities, crocheting, and spending time with family and friends.
*This role cannot solicit or provide investment advice.
Amanda found her motivation for working in financial services because she genuinely enjoys helping others reach their goals and accomplish their dreams. She understands that finances are not always an easy topic to discuss, so she strives to make clients feel comfortable having those conversations. Amanda supports The Cornerstone Group by providing excellent customer service through client communications and daily operations.
She lives with her husband, two children and two adopted dogs. Amanda enjoys spending her free time traveling, outdoor activities, crocheting, and spending time with family and friends.
*This role cannot solicit or provide investment advice.
CA Insurance License #: 4313010
About Kayla J. Cardoza, CFP®*
Kayla is a Wealth Management Associate at Morgan Stanley. She has over 18 years of experience in the investment industry and rejoined Morgan Stanley in February 2020. Kayla graduated from the University of Wisconsin-Milwaukee with commencement honors and Bachelor of Fine Arts degree in Painting and Drawing with a minor in Business Administration. She also holds a Bachelor of Fine Arts in Education.
Kayla supports The Cornerstone Group with administrative functions as well as building Financial Plans. Kayla sets high standards and expectations to meet each client’s needs by helping in a timely, friendly, and initiative-taking manner. She holds her security licenses (FINRA Series 7 and 66) as well as being a CERTIFIED FINANCIAL PLANNER™ professional.
Kayla currently resides in Menomonee Falls with her husband John and son Kellen. She enjoys spending time with her family and friends, cooking, painting, and hiking.
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.
*This role cannot solicit or provide investment advice.
Kayla supports The Cornerstone Group with administrative functions as well as building Financial Plans. Kayla sets high standards and expectations to meet each client’s needs by helping in a timely, friendly, and initiative-taking manner. She holds her security licenses (FINRA Series 7 and 66) as well as being a CERTIFIED FINANCIAL PLANNER™ professional.
Kayla currently resides in Menomonee Falls with her husband John and son Kellen. She enjoys spending time with her family and friends, cooking, painting, and hiking.
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.
*This role cannot solicit or provide investment advice.
CA Insurance License #: 4308438
About Erin McGrath
Erin is a Financial Planning Specialist and Wealth Management Associate at Morgan Stanley. She has been with Morgan Stanley since 2006. A graduate of Rutgers University- New Brunswick, Erin was born and raised in New Jersey. She moved to Milwaukee soon after graduation and immediately began her career with Morgan Stanley.
Erin has intimate knowledge of corporate processes and procedures. She is highly skilled at solving problems and delivering high-level client service. Erin is dedicated to building personal and professional relationships with clients, while supporting the needs of the financial advisors.
Erin lives in New Berlin with her husband and two children. Outside of the office, she enjoys travelling, volunteering, leading her daughter’s Girl Scout troop, and watching her son play every sport possible. Periodically, Erin travels home to the East Coast to visit family and friends.
*This role cannot solicit or provide investment advice.
Erin has intimate knowledge of corporate processes and procedures. She is highly skilled at solving problems and delivering high-level client service. Erin is dedicated to building personal and professional relationships with clients, while supporting the needs of the financial advisors.
Erin lives in New Berlin with her husband and two children. Outside of the office, she enjoys travelling, volunteering, leading her daughter’s Girl Scout troop, and watching her son play every sport possible. Periodically, Erin travels home to the East Coast to visit family and friends.
*This role cannot solicit or provide investment advice.
Contact Gary Peppel
Contact Daniel Doyle
Contact Timothy J. Moriarty
Contact Steve Fischer
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Elizabeth Menteur
Private Banker
Nate Zeller
Vice President, Financial Planning Director
About Elizabeth Menteur
Elizabeth Menteur is a Private Banker serving Morgan Stanley Wealth Management offices in Wisconsin.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Elizabeth began her career in financial services in 2013 and joined Morgan Stanley in 2017 as a Registered Support Professional. She was promoted to a Regional Client Engagement Associate in 2019. Before being promoted to Private Banker in 2023, Elizabeth joined the Private Banking Group as an Associate Private Banker in 2021.
Elizabeth is a graduate of Northeastern University, where she received a Bachelor of Science in Business Administration with a concentration in Finance and International Affairs and a Master of Business Administration with a concentration in Finance. She lives in Milwaukee, Wisconsin. Outside of the office, she volunteers with Invest in Girls and is a mentor and financial education coach for high school students. Elizabeth enjoys traveling, painting and gluten free baking.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Elizabeth began her career in financial services in 2013 and joined Morgan Stanley in 2017 as a Registered Support Professional. She was promoted to a Regional Client Engagement Associate in 2019. Before being promoted to Private Banker in 2023, Elizabeth joined the Private Banking Group as an Associate Private Banker in 2021.
Elizabeth is a graduate of Northeastern University, where she received a Bachelor of Science in Business Administration with a concentration in Finance and International Affairs and a Master of Business Administration with a concentration in Finance. She lives in Milwaukee, Wisconsin. Outside of the office, she volunteers with Invest in Girls and is a mentor and financial education coach for high school students. Elizabeth enjoys traveling, painting and gluten free baking.
NMLS#: 2329114
About Nate Zeller
Nate Zeller is a vice president and financial planning director serving Morgan Stanley’s Wealth Management offices in Minnesota, North Dakota, South Dakota, and Wisconsin. He is responsible for helping Financial Advisors with their clients’ and prospects’ financial planning needs.
Nate began his career in financial services in 1999 with Morgan Stanley Dean Witter and rejoined Morgan Stanley in 2024. In between stints, he held various roles at other firms, including leadership positions with U.S. Bank and Ameriprise in their Trust and Wealth Management divisions. Prior to his current position, he worked as a registered investment advisor focused on retirement planning.
Nate graduated from the University of Wyoming with a Bachelor of Science in Electrical Engineering (BSEE) and a Master of Business Administration (MBA). He holds the CERTIFIED FINANCIAL PLANNER® (CFP®) and Chartered Financial Analyst (CFA) designations. Nate and his wife are the parents of two daughters. In his free time, Nate enjoys spending time with his family, reading, and being outdoors.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Nate began his career in financial services in 1999 with Morgan Stanley Dean Witter and rejoined Morgan Stanley in 2024. In between stints, he held various roles at other firms, including leadership positions with U.S. Bank and Ameriprise in their Trust and Wealth Management divisions. Prior to his current position, he worked as a registered investment advisor focused on retirement planning.
Nate graduated from the University of Wyoming with a Bachelor of Science in Electrical Engineering (BSEE) and a Master of Business Administration (MBA). He holds the CERTIFIED FINANCIAL PLANNER® (CFP®) and Chartered Financial Analyst (CFA) designations. Nate and his wife are the parents of two daughters. In his free time, Nate enjoys spending time with his family, reading, and being outdoors.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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Investing
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529 Plans: A Powerful Tool to Save for Education
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A Simple Six-Step Retirement Checkup
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Financial Planning for Life After Selling a Business
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1Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals 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.
4Morgan 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 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
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals 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.
4Morgan 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 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
CRC 4665150 (8/2025), 4763067 (9/2025)
