Theodore Waters III, CIMA®
Executive Director, Private Wealth Management, Private Wealth Advisor, Workplace Advisor - Equity Compensation, Lending Specialist
Phone:
(410) 736-5413(410) 736-5413
Industry Award WinnerOur Mission Statement
We are a sophisticated advisory practice and trusted partner for a select group of families looking to preserve and grow multigenerational wealth.
WELCOME
For families of significant wealth, financial decisions are rarely about investments alone. They often involve legacy, leadership, responsibility, opportunity and the well-being of future generations.
Our team serves a select group of accomplished executives, entrepreneurs, affluent families, family offices and foundations whose financial lives are complex and deeply personal. We bring together seasoned investment, wealth planning and client service professionals to help address the full range of considerations that come with substantial wealth — from investment strategy, lending and liability management to risk management, estate planning strategies, family governance, philanthropy and lifestyle needs.
Many of our client relationships have endured for decades, and several span multiple generations. That continuity is central to how we work. We help families think beyond near-term decisions to the broader goals they want their wealth to support: preserving what they have built, transferring wealth thoughtfully, preparing rising generations and creating a legacy defined not only by prosperity, but also by purpose.
We recognize that while many successful families face similar opportunities and challenges, no two journeys are the same. Your priorities, values, family dynamics and vision for the future are uniquely your own. That is why we begin by listening — taking the time to understand what matters most to you before developing highly customized strategies designed around your goals.
Life can also change quickly. Markets evolve, businesses transition, families grow and priorities shift. During these moments, experienced guidance can make a meaningful difference. Our role is to help you evaluate your options, make informed decisions and access the resources needed to move forward with confidence.
Should you choose to work with us, our commitment is to serve as a trusted advisory team for you and your family. We are here to help you protect what you have earned, support the pursuit of your most important goals and build a legacy that can endure for generations.
We welcome the opportunity to learn more about you, your family and the future you envision. To begin the conversation, please contact a member of our team.
Our team serves a select group of accomplished executives, entrepreneurs, affluent families, family offices and foundations whose financial lives are complex and deeply personal. We bring together seasoned investment, wealth planning and client service professionals to help address the full range of considerations that come with substantial wealth — from investment strategy, lending and liability management to risk management, estate planning strategies, family governance, philanthropy and lifestyle needs.
Many of our client relationships have endured for decades, and several span multiple generations. That continuity is central to how we work. We help families think beyond near-term decisions to the broader goals they want their wealth to support: preserving what they have built, transferring wealth thoughtfully, preparing rising generations and creating a legacy defined not only by prosperity, but also by purpose.
We recognize that while many successful families face similar opportunities and challenges, no two journeys are the same. Your priorities, values, family dynamics and vision for the future are uniquely your own. That is why we begin by listening — taking the time to understand what matters most to you before developing highly customized strategies designed around your goals.
Life can also change quickly. Markets evolve, businesses transition, families grow and priorities shift. During these moments, experienced guidance can make a meaningful difference. Our role is to help you evaluate your options, make informed decisions and access the resources needed to move forward with confidence.
Should you choose to work with us, our commitment is to serve as a trusted advisory team for you and your family. We are here to help you protect what you have earned, support the pursuit of your most important goals and build a legacy that can endure for generations.
We welcome the opportunity to learn more about you, your family and the future you envision. To begin the conversation, please contact a member of our team.
Capabilities
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 300 teams specialized in assisting individuals and families with $20MM+ in investable assets
- Over $1.2 trillion in AUM
- Comprising 26% of the Barron’s Top 100 Financial Advisors list for 2025
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, September 2025
Source: Barron's (Awarded March 2025) This ranking was determined based on an evaluation process conducted by Barron's for the period Oct 2023-Sept 2024. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on an algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the assessment of Barron's and may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Approach
Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
Awards and Recognition
Our financial advisors are recognized for their dedication to helping clients pursue their financial goals with professionalism, integrity, and personalized guidance. This tab showcases select awards, rankings, and recognitions that reflect their commitment to excellence in wealth management.
Barron's Top 250 Private Wealth Management Teams | 2023-2025
2023-2025 Barron's Top 250 Private Wealth Management Teams (formerly referred to as Barron's Top 100 Private Wealth Management Teams, Barron's Top 50 Private Wealth Management Teams, Barron's Top 50 Private Wealth Advisory Teams)
Source: Barrons.com (Awarded April 2023-2025). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
Barron's Top 1,500 by State | Ted Smith: 2023-2026
2023-2026 Barron's Top 1,500 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,200 and Top 1,000 Financial Advisors: State-by-State).
Source: Barrons.com (Awarded 2023-2026). 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 Management Teams | 2023, 2024, 2026
2023, 2024, 2026 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 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 | Ted Smith: 2023-2026 | Ted Waters: 2025, 2026
2025, 2026 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2025, 2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
CFP® | Sean Baker
The Certified Financial Planner® designation is awarded to candidates who have demonstrated knowledge in the areas of Education, Investment, Tax, Retirement, Estate and Insurance planning strategies.
CFP® professionals must accrue several years of experience related to delivering financial planning services to clients and pass a comprehensive exam before calling themselves a CFP® Professional and are held to strict ethical standards to help ensure financial planning recommendations are in the best interest of their clients.
CFA® | Timothy Schere
The Chartered Financial Analyst (CFA®) Program is designed to equip candidates with the knowledge and skills necessary to compete and excel in today's complex and evolving investment industry.
The CFA Program is a three-part exam that tests the fundamentals of investment tools, valuation across various asset classes, portfolio construction, and ethical and professional standards.
CIMA® | Ted Waters
Certified Investment Management Analyst® (CIMA®) certification is one of the peak international, technical portfolio construction programs for investment consultants, analysts, financial advisors and wealth management professionals. CIMA® certification continues to be one of the highest levels of advanced investment education for client-facing advisors.
CRPC® | Alison Sagi
The Chartered Retirement Planning Counselor (CRPC®) helps financial advisors by guiding them through specialized tax and estate objectives and strategies for a retiree and presents the unique financial and emotional aspects of financial planning that are unique to the retirement process. In short, the program helps advisors define a "road map to retirement," enabling them to focus on the pre- and post-retirement needs of their clients.
Setting a Foundation
Our team sets out to properly educate each of their clients in wealth planning. Effective communication and understanding is key to any strategy. On this page you will find a multitude of family wealth planning resources that not only start the conversation but provide tangible items to reference. Please take a moment to review the documents on this page from Morgan Stanley and contact us for any questions or concerns.
Family Governance Fact Sheet
This document provides an overview of Family Governance and how to address the complexities of transferring wealth to the next generation, advising on specific strategies, and preserving family legacy.
Family Governance: Managing Conflict, Fostering Community
For ultra-high-net-worth families engaged in common enterprises, such as running a family business, guiding a charitable foundation, operating a family office or simply investing together as a family, it's extremely important to have a sound framework within which to make decisions—in other words, a family governance system.
Family Constitution and Family Bylaws
Family governance documents, such as Family Constitutions and Family Bylaws, can be important parts of the family governance system. Learn more about how these documents can help lay a solid foundation towards family wealth planning.
Sample Family Mission Statement
This sample of a family mission statement is intended to be educational in nature and is for illustrative purposes only. Please review this example to start a conversation with proper council.
Opening Pandoras Box
Many affluent parents dread talking with their kids about money. "Once we talk about money," they say, "it will be like opening Pandora's box. Nothing but evil will issue forth. "This resource is here to help you navigate this conversation in a positive and constructive direction.
Wealth Education Development Plan
There is subject matter that family members must understand if they are to manage generational wealth and become effective stewards. Please review this educational resource to create a deeper understanding of family wealth planning.
Location
1201 Wills Street
Ste 700
Baltimore, MD 21231
US
Direct:
(410) 736-5413(410) 736-5413
Fax:
(443) 552-3720(443) 552-3720
Meet The CWS Group
Edward W. “Ted” Smith
Managing Director, Private Wealth Management, Private Wealth Advisor, Alternative Investments Director, Portfolio Manager, Workplace Advisor - Equity Compensation
Phone:
(410) 736-5374(410) 736-5374
Timothy Schere, CFA®
Senior Vice President, Private Wealth Advisor, Senior Portfolio Manager, Family Wealth Director, Workplace Advisor - Equity Compensation
Phone:
(410) 736-5535(410) 736-5535
Sean Baker, CFP®
Vice President, Private Wealth Management, Private Wealth Advisor, Family Wealth Director
Phone:
(410) 736-5583(410) 736-5583
Alison Sagi, CRPC®
Assistant Vice President, Director of Business Strategy
Phone:
(410) 736-5455(410) 736-5455
Kristin E. Carter
PWM Portfolio Associate
Phone:
(410) 736-5582(410) 736-5582
Joshua Helfand
PWM Registered Associate, Alternative Investments Specialist
Phone:
(410) 736-5528(410) 736-5528
EJ Vasile
PWM Client Service Associate
Phone:
(410) 736-5494(410) 736-5494
About Theodore Waters III
With over three decades of experience advising affluent families and individuals, Ted Waters helps clients navigate complex financial decisions through disciplined investment management and personalized wealth planning. As a Certified Investment Management Analyst®, Ted focuses on building customized equity and fixed income portfolios that reflect each client’s objectives, time horizon, and risk profile.
Before joining Morgan Stanley in 2014, Ted spent 20 years serving high net worth clients as a Director at Deutsche Bank Securities. He began his financial services career at T. Rowe Price in 1991.
Ted is a graduate of Washington and Lee University and remains actively involved in his community. He has served on the Board of Trustees of the Gilman School in Baltimore and the Board of Governors of the Elkridge Club, where he is a member. He also serves on the Finance and Investment Committee of St. Thomas Episcopal Church in Garrison.
Outside of work, Ted enjoys playing golf, following the Baltimore Ravens, and traveling with his wife, Rebecca, and their two children, Hudson and Ashby.
Before joining Morgan Stanley in 2014, Ted spent 20 years serving high net worth clients as a Director at Deutsche Bank Securities. He began his financial services career at T. Rowe Price in 1991.
Ted is a graduate of Washington and Lee University and remains actively involved in his community. He has served on the Board of Trustees of the Gilman School in Baltimore and the Board of Governors of the Elkridge Club, where he is a member. He also serves on the Finance and Investment Committee of St. Thomas Episcopal Church in Garrison.
Outside of work, Ted enjoys playing golf, following the Baltimore Ravens, and traveling with his wife, Rebecca, and their two children, Hudson and Ashby.
Securities Agent: NH, MD, LA, OR, FL, VT, VA, PA, DE, CT, SC, OK, OH, UT, NM, GA, WI, NE, AK, NV, NJ, NC, ME, MA, KS, IL, TX, MT, MN, DC, CA, AZ, AL, WV, NY, CO, WA, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 1275688
NMLS#: 1275688
About Edward W. “Ted” Smith
Ted Smith brings three decades of wealth management experience to his work with affluent individuals, families, and family offices. He focuses on helping clients who are retired, or preparing for that transition, simplify complex financial decisions and build coordinated strategies across their wealth. His goal is to help clients feel organized, informed, and confident, giving them more time to focus on what matters most. Ted has been recognized by Barron’s as one of the Top 1,200 Financial Advisors: State-by-State from 2023 to 2025.
Prior to joining Morgan Stanley in 2021, Ted served as a Managing Director at UBS. Earlier in his career, he was an advisor at Deutsche Bank Alex. Brown and its predecessor firms.
Originally from southern Pennsylvania and having raised his two children, Jake and Kathleen, in Baltimore, Maryland, Ted lives in Deerfield Beach, FL. He currently serves on the Board of Regents for Mercersburg Academy. He spends his free time traveling, swimming, biking, cooking, gardening, and composing and playing music. He also attempts to surf, with mixed results.
2023–2025 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 2023–2025. Data compiled by Barron’s based on the 12-month period concluding in September of the year prior to the issuance of the award.
Prior to joining Morgan Stanley in 2021, Ted served as a Managing Director at UBS. Earlier in his career, he was an advisor at Deutsche Bank Alex. Brown and its predecessor firms.
Originally from southern Pennsylvania and having raised his two children, Jake and Kathleen, in Baltimore, Maryland, Ted lives in Deerfield Beach, FL. He currently serves on the Board of Regents for Mercersburg Academy. He spends his free time traveling, swimming, biking, cooking, gardening, and composing and playing music. He also attempts to surf, with mixed results.
2023–2025 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 2023–2025. Data compiled by Barron’s based on the 12-month period concluding in September of the year prior to the issuance of the award.
Securities Agent: PA, DE, WI, WA, NC, LA, CT, CO, CA, OH, NV, ME, FL, AL, AK, NY, NM, KS, VT, VA, NJ, NE, GA, NH, MN, MD, AZ, UT, SC, OK, MT, WV, TX, TN, IL, DC, OR, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 2131712
NMLS#: 2131712
About Timothy Schere
Tim has over 22 years of experience and training as a Chartered Financial Analyst®, Tim Schere provides customized advice and investment services to private clients, retirement plans and corporate plans. Prior to teaming up with his current partners, Tim led the asset allocation and quantitative analysis group for Deutsche Bank Alex. Brown, where he provided advice and analysis on asset allocation and portfolio structure to the firm’s clients around the country.
Tim graduated from The University of Chicago and currently serves as President of St. Elizabeth’s School Foundation. An avid baseball fan, he lives in Baltimore City with his wife, Val Perez-Schere, and their three children.
Tim graduated from The University of Chicago and currently serves as President of St. Elizabeth’s School Foundation. An avid baseball fan, he lives in Baltimore City with his wife, Val Perez-Schere, and their three children.
Securities Agent: OK, DC, NY, CT, CA, WA, SC, MA, GA, AZ, VA, OR, NH, FL, AL, PA, DE, WV, UT, OH, LA, IL, AK, MD, NV, NJ, ME, TX, TN, NE, NC, CO, VT, MN, KS, WI, NM, MT; General Securities Representative; Investment Advisor Representative
NMLS#: 1279123
NMLS#: 1279123
About Sean Baker
Sean is a CERTIFIED FINANCIAL PLANNER™ with the CWS Group and aims to simplify clients financial lives through tailored financial plans and investment strategies. Prior to joining the CWS Group, Sean began his career at UBS where he held roles in their highly competitive Analyst training program and Tailored Lending teams in New York City and most recently as a Senior Wealth Strategy Associate in Baltimore.
Sean holds the FINRA Series 7 and 66 securities licenses. Originally from Allentown, PA Sean graduated from the University of Richmond cum laude with a Bachelor’s degree in Business and a concentration in Finance where he was also a member of their Division 1 men’s soccer team.
Sean’s hobbies include Philadelphia sports, spending time at the beach with family and playing golf.
Securities Agent: OH, AL, AZ, CA, CO, CT, DC, DE, FL, GA, KS, LA, MA, MD, ME, MI, MN, MT, NC, NE, NH, NJ, NM, NV, NY, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY; General Securities Representative; Investment Advisor Representative
Sean holds the FINRA Series 7 and 66 securities licenses. Originally from Allentown, PA Sean graduated from the University of Richmond cum laude with a Bachelor’s degree in Business and a concentration in Finance where he was also a member of their Division 1 men’s soccer team.
Sean’s hobbies include Philadelphia sports, spending time at the beach with family and playing golf.
Securities Agent: OH, AL, AZ, CA, CO, CT, DC, DE, FL, GA, KS, LA, MA, MD, ME, MI, MN, MT, NC, NE, NH, NJ, NM, NV, NY, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY; General Securities Representative; Investment Advisor Representative
Securities Agent: NV, FL, WA, UT, LA, DC, CO, AK, NC, AZ, WV, SC, MN, KS, DE, ME, CT, VA, WI, OR, CA, OH, MD, OK, NY, NJ, IL, TX, TN, PA, NH, NE, MT, GA, AL, VT, NM, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 2478575
NMLS#: 2478575
About Alison Sagi
Alison joined the CWS Group in 2025 as the PWM Director of Business Strategy. Alison entered the financial industry in 2018 as a Registered Wealth Management Associate . Alison proudly earned the designation of Chartered Retirement Planning Counselor™, CRPC™ from The College for Financial Planning Institutes Corp. She loves to play an active role in seeing clients achieve their financial goals. She prides herself on providing an exceptional level of client service and has a passion for helping others.
Alison spent her years prior to entering the financial industry developing and running a training program for research administrators at Johns Hopkins University.
When she isn’t working, Alison enjoys traveling, cooking, spending time outdoors with her dog and is an avid Baltimore sports fan.
Disclaimer: This role cannot solicit or provide investment advice
Alison spent her years prior to entering the financial industry developing and running a training program for research administrators at Johns Hopkins University.
When she isn’t working, Alison enjoys traveling, cooking, spending time outdoors with her dog and is an avid Baltimore sports fan.
Disclaimer: This role cannot solicit or provide investment advice
About Kristin E. Carter
Kristin Carter joined Morgan Stanley in November 2020 as a Senior Registered Associate and was promoted to Portfolio Associate in 2026. Kristin assists with operational and administrative functions for clients and team members. She addresses a wide range of concierge elements, including collaborating with vendors, client events, maintaining accounts, and day to day operations.
Prior to joining Morgan Stanley, Kristin worked for UBS for 6 years as a Client Associate, Branch Administrator, and Executive Team Assistant. She worked for Johns Hopkins Health System for 3 years where she increased the internal staffing revenue for temporary administrative professionals. She was integral in converting temporary staff to permanent staff by coaching, training, and monitoring over 400 employees.
Kristin is a former actress, has been a member of SAG-AFTRA since 2001, has a background in restaurant management, sales, and holds a BS from Towson University. In her spare time Kristin is a member of the Board of Directors for Meals on Wheels of Central Maryland.
Prior to joining Morgan Stanley, Kristin worked for UBS for 6 years as a Client Associate, Branch Administrator, and Executive Team Assistant. She worked for Johns Hopkins Health System for 3 years where she increased the internal staffing revenue for temporary administrative professionals. She was integral in converting temporary staff to permanent staff by coaching, training, and monitoring over 400 employees.
Kristin is a former actress, has been a member of SAG-AFTRA since 2001, has a background in restaurant management, sales, and holds a BS from Towson University. In her spare time Kristin is a member of the Board of Directors for Meals on Wheels of Central Maryland.
About Joshua Helfand
Joshua joined Morgan Stanley in December 2024 as a Registered Associate to assist the CWS Group with administrative tasks and continued deliverance of exceptional client service. Prior to joining the firm, Joshua worked for one of the founding partners at a private advisory firm where he gained a wide range of industry knowledge and experience.
Joshua is originally from Frederick, Maryland and attended Towson University, where he graduated with a B.S. in Business Administration with a Concentration in Financial Planning. He currently lives in Baltimore and in his free time enjoys going to sporting events, golfing, and spending time with friends and family out in the city.
Joshua is Series 7 and Series 66 registered.
Joshua is originally from Frederick, Maryland and attended Towson University, where he graduated with a B.S. in Business Administration with a Concentration in Financial Planning. He currently lives in Baltimore and in his free time enjoys going to sporting events, golfing, and spending time with friends and family out in the city.
Joshua is Series 7 and Series 66 registered.
About EJ Vasile
EJ joined The CWS Group in 2026 as a PWM Client Service Associate. In his role, he supports the team in delivering exceptional service to high-net-worth individuals and families. EJ is committed to providing a high level of service and helping clients navigate their financial needs
Prior to joining The CWS Group full-time, EJ gained experience through wealth management internships with Morgan Stanley in New York City and Baltimore. These experiences provided exposure to client service, portfolio management, financial planning, and business development.
EJ graduated from Lehigh University, where he earned a degree in Political Science with minors in Business and Real Estate. He was also a member of the Men's Division I Lacrosse Team.
When he is not working, EJ enjoys spending time with family and friends, following Baltimore sports, and playing golf.
Prior to joining The CWS Group full-time, EJ gained experience through wealth management internships with Morgan Stanley in New York City and Baltimore. These experiences provided exposure to client service, portfolio management, financial planning, and business development.
EJ graduated from Lehigh University, where he earned a degree in Political Science with minors in Business and Real Estate. He was also a member of the Men's Division I Lacrosse Team.
When he is not working, EJ enjoys spending time with family and friends, following Baltimore sports, and playing golf.
Contact Theodore Waters III
Contact Edward W. “Ted” Smith
Contact Timothy Schere
Contact Sean Baker
Awards and Recognition
Barron's Top 250 Private Wealth Management Teams
2024-2025 Barron's Top 100 Private Wealth Management Teams (formerly referred to as Barron's Top 100 Private Wealth Management Teams, Barron's Top 50 Private Wealth Management Teams, Barron's Top 50 Private Wealth Advisory Teams) Source: Barrons.com (Awarded April 2024-2025). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
Private Wealth Management
Professional Insights
The GIC Weekly
Wealth Management
Global Investment Office
Portfolio Insights
This is a video content
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
PWM Leadership Insights & Outcomes
Article Image
Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
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 Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
2Morgan 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.
3Investing 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.
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.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures | Morgan Stanley
1Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
2Morgan 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.
3Investing 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.
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.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures | Morgan Stanley
CRC 4677197 (7/2025)
