Welcome

We are committed to providing our clients with a customized wealth management strategy that focuses on the preservation and growth of their wealth. Together each member of our team brings a specific area of industry knowledge and experience to help structure and manage tax-efficient, low-volatility investment portfolios.

As our relationship grows, we forge deep, trusted, and a long-term relationship that you can rely on to help navigate the hurdles you encounter and build on the successes you achieve.  Our team truly cares about you, your family, and the legacy you wish to leave. We’ve earned our clients’ trust by listening and responding to their needs, and by being honest, fair, and caring in all of our dealings with them.

We invite you to learn how we can be helpful in guiding you in your wealth management affairs.
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 250 teams1  specialized in assisting individuals and families with $20MM+ in investable assets
  • Over $330 billion in AUM2
  • Comprising 26% of the Barron’s Top 100 Financial Advisors list for 20173
  • 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, December 31, 2017
2 Morgan Stanley Internal Compensable Revenue Report, December 31, 2017
3 Barron’s Top 100 Financial Advisors, April 2017

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.

Location

1999 Ave Of The Stars
Suite 2400
Los Angeles, CA 90067
US
Direct:
(310) 788-2000(310) 788-2000

Meet The Daly Kadish Group

About Me

Robert (Bobby) Daly, Jr. is a Managing Director and Private Wealth Advisor with Morgan Stanley Private Wealth Management, the ultra-high net worth wealth management division of Morgan Stanley. As a partner in the Daly Kadish Group and a Director of Global Sports & Entertainment, Bobby provides investment management and access to lending services to a diverse client base, many of whom are in the entertainment and new media industries. He is also a member of the Morgan Stanley Portfolio Manager Program, which consists of a select group of advisors who undergo a screening process to manage discretionary client portfolios and are subject to on-going quantitative and qualitative reviews to assess each advisor’s investment strategy. With over 20 years of experience in the financial services industry, Bobby was named one of Barron’s Top 1,200 Financial Advisors in 2015.

Before joining Morgan Stanley in 2016, Bobby was a Managing Director at J.P. Morgan Securities (2009-2016). Prior to that, he solidified his lending experience as a Senior Vice President at UBS (2003-2009). Earlier in his career, Bobby worked in the film and video game businesses as a securities analyst, and then became an Associate Director at Bear Stearns (1998-2003). In 1989, he earned a B.A. degree from Trinity College in Hartford, Connecticut.

Bobby serves as a Board Member for United Friends of the Children (UFC) along with his business partner, Alex Kadish. UFC is a non-profit organization founded by Bobby’s mother in 1979 and is dedicated to bettering the lives of foster youth in Los Angeles. Bobby and his wife, Krishna, have four children: sons Robert, Henry, and Felix, and daughter, Beatrice.

Email: Robert.Daly@morganstanleypwm.com
Direct: 310.788.1785 
Securities Agent: TX, CA, WI, WA, VA, UT, SD, PR, PA, OH, NY, NV, NJ, NH, NC, MT, ME, MD, MA, LA, KY, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, AZ, AR; General Securities Representative; Investment Advisor Representative
NMLS#: 529985
CA Insurance License #: 0E01870

About Me

Alexander (Alex) Kadish is an Executive Director and Private Wealth Advisor with Morgan Stanley Private Wealth Management, the ultra-high net worth wealth management division of Morgan Stanley. As a partner in the Daly Kadish Group and a Family Wealth Director, Alex uses a generational approach to develop strategies for his clients’ investment, estate planning, philanthropic, and lending needs. Alex is also a Director of Global Sports & Entertainment, servicing a diverse group of individuals and families, as well as corporate executives and foundations.

Alex has over 16 years of experience working with affluent clients in the financial services industry. Prior to joining Morgan Stanley in 2016, Alex was an Executive Director at J.P. Morgan Securities (2010-2016), where he created client solutions for an array of wealth management issues and constructed tailored investment plans to help clients reach their financial goals. Earlier in his career, Alex was a Senior Vice President at Jefferies & Company (2008-2010). Before that, he was at Citigroup Smith Barney, now part of Morgan Stanley. In 2001, he earned a B.A. in Economics from Syracuse University.

Alex is a member of the Finance Committee for United Friends of the Children (UFC), a non-profit organization dedicated to bettering the lives of foster youth in Los Angeles. He is also a member of The Los Angeles Country Club. Alex and his wife, Alexa, have two sons, Ryan and James.

Email: Alex.Kadish@morganstanleypwm.com
Direct: 310.788.1786
Securities Agent: TX, CA, WI, WA, VA, UT, SD, PR, PA, OH, NY, NV, NJ, NH, NC, MT, ME, MD, MA, LA, KY, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, AZ, AR; General Securities Representative; Investment Advisor Representative
NMLS#: 530143
CA Insurance License #: 0K02976

About Me

Nicholas (Nick) Davey is a Vice President and Private Wealth Advisor with Morgan Stanley Private Wealth Management, the ultra-high net worth division of Morgan Stanley. As the lead advisor for banking and lending in the Daly Kadish Group, Nick provides a highly personalized experience for clients who are interested in access to cash management and lending solutions. For these businesses, he works closely with clients to make what may seem like a daunting process become more seamless. Nick is also a Family Wealth Director, a designation earned by a select group of advisors who provide truly differentiated services that are competitive with a multi-family-office platform.

Before joining Morgan Stanley in 2016, Nick was an Investment Associate at J.P. Morgan Securities (2010-2016), where he worked alongside his business partner, Bobby Daly. Together, Nick and Bobby solidified their lending business. Earlier in his career, Nick was a Client Service Associate at UBS (2006-2009). In 2006, he obtained a B.S. in Mathematics and a B.A. in Economics from the University of California, Irvine.

Nick and his wife, Julianne, live in Sherman Oaks with their son, Elliott, and daughter, Quinn.

Email: Nicholas.Davey@morganstanleypwm.com
Direct: 310.788.1787
Securities Agent: CA, WI, WA, VA, UT, TX, SD, PR, PA, OH, NY, NV, NJ, NH, NC, MT, ME, MD, MA, LA, KY, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, AZ, AR; General Securities Representative; Investment Advisor Representative
NMLS#: 956273
CA Insurance License #: 0L92147

About Me

Paul Burke is a Vice President and Director of Business Strategy with Morgan Stanley Private Wealth Management, the ultra-high net worth wealth management division of Morgan Stanley. As the lead Portfolio Manager in the Daly Kadish Group, Paul implements investment strategies, constructs fixed income portfolios, and manages portfolio trading. He works closely with Bobby Daly and Alex Kadish in developing strategic investment allocation proposals that are tailored to a client’s financial objectives and risk tolerance. With over 15 years of experience in capital markets and investment management, Paul analyzes individual accounts to make prudent investment decisions with consideration to tax efficiency, sustainable investing preferences, and risk management processes.

Prior to joining Morgan Stanley in 2015, Paul was a Portfolio Manager at Barclays (2015) and a Vice President of Portfolio Management and Strategy at City National Bank (2013-2015). Earlier in his career, he was a Director of Fixed Income Sales and Trading at UBS (2010-2013) and a Vice President of Fixed Income Trading at J.P. Morgan (2007-2010). In 2002, Paul earned a B.A. in Business History from the University of Dayton.

Paul is a member with the National September 11 Memorial & Museum, a nonprofit in New York, Paul’s home city. He is also an active member of the Garden of Dreams Foundation, a nonprofit that positively impacts the lives of ill and homeless children. Paul and his wife, Kayleigh, have three children: daughters Emma and Harper, and son, Liam.

Email: Paul.M.Burke@morganstanleypwm.com
Direct: 310.788.2150

About Me

Heather Chung is a Wealth Management Associate with Morgan Stanley Private Wealth Management, the ultra-high net worth wealth management division of Morgan Stanley. As the lead associate in the Daly Kadish Group, she manages the team’s operations, spearheads complex projects, and coordinates execution for syndicate deals. Heather identifies inefficiencies that slow down workflow or cause inconveniences for clients. She keeps the team focused on short-term goals while tracking progression towards long-term objectives, and establishes trusting relationships with clients by building quality rapport through clear and timely communication.

Before joining Morgan Stanley in 2016, Heather was a Client Associate at J.P. Morgan Securities (2009-2016), where she supported the Daly Kadish Group for five years. Earlier in her career, Heather was a Client Service Associate at UBS (2007-2009). In 2006, she obtained a B.S. in Business Administration from the University of California, Riverside.

Heather is fluent in Korean. She and her husband, Stan, live in Encino with their two adorable dogs, Molly and Bailey.

Email: Heather.Chung@morganstanleypwm.com
Direct: 310.788.1791
CA Insurance License #: 0K03679

About Me

Shane Dempster is a Registered Associate with Morgan Stanley Private Wealth Management, the ultra-high net worth wealth management division of Morgan Stanley. Collaborating with team members in the Daly Kadish Group, he executes trades for brokerage and managed accounts, generates performance and account reports, and administers client investments in hedge funds and private equity. Shane also tracks third-party investment manager data through research by Morgan Stanley’s Investment Teams and by meeting with portfolio managers each quarter.

Prior to joining Morgan Stanley in 2016, Shane was an Account Executive at IMCA Capital (2015-2016), where he contributed to the start-up company’s funding efforts. In 2015, he earned a B.S. in Finance with specialization in Alternative Investments from Fordham University. While in college, he interned with UBS and Merrill Lynch.

Email: Shane.Dempster@morganstanleypwm.com
Direct: 310.788.1789

About Me

Jenny Truong is a Registered Associate with Morgan Stanley Private Wealth Management, the ultra-high net worth wealth management division of Morgan Stanley. She represents the Daly Kadish Group as a liaison between various business units throughout the firm to expedite workflow and client requests. Jenny facilitates the on-boarding process for new clients and creates a comfortable wealth transition experience. She manages the team’s marketing for prospective clients and business collaborations, and also analyzes third-party investment managers for separately managed accounts and alternative investments through meetings with portfolio managers and research by Morgan Stanley’s Investment Teams.

Before joining Morgan Stanley in 2018, Jenny was an Investment Associate at J.P. Morgan (2013-2018), where she was the lead associate in conducting portfolio analyses and managing team operations. In 2013, she obtained a B.A. in Communications from the University of California, San Diego. While in college, she interned with Morgan Stanley Smith Barney. Jenny is fluent in Cantonese.

Email: Jenny.Truong@morganstanleypwm.com
Direct: 310.788.1790 
Economic and Market Perspectives

On the Markets

Managing Significant Wealth

  • Investment Management
  • Wealth Transfer & Philanthropy
  • Cash Management & Lending
  • Family Governance & Wealth Education
  • Lifestyle Advisory
  • Business Services
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By adopting more professional approaches to hiring, training and retaining staff, you can more easily maintain a well-run and harmonious home.

Insights and Outcomes

Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
Art as An Asset
CRC 2274738 01/19

Art as An Asset

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

Wealth Management for Athletes and Entertainers

Understanding the unique financial challenges of athletes and entertainers and how they differ from one profession to the next, we deliver the experience and resources you need to help create and implement a comprehensive, multigenerational wealth management plan based on your needs, values and aspirations.
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  • Private Banking Solutions
  • Family Governance & Wealth Education
  • Lifestyle Advisory
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Our new Ideas podcast examines the strange phenomenon of athletes and bankruptcy… and how to change the game.

Private Wealth Management Podcast

Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
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Market Information Delayed 20 Minutes
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.

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See the Financial Advisors Biographies for Registration and Licensing information.

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