Our Story

AS YOUR TRUSTED PARTNER:

  • We provide you with a solid foundation for your wealth planning to fortify you with confidence and help you and your family live your best life.
  • We work with you as things change in the financial world and in your world.
  • We set your financial compass to the milestones in your life, and align your investment plan to what's most important to you.

OUR RELATIONSHIP IS BUILT ON TRUST:

  • We coordinate with your tax and legal professionals, providing you with a holistic approach and a high standard of care that emphasizes risk control, tax efficiency and proper estate planning.
  • We think strategically about what's best for you and your family, anticipating your needs and challenges, from the simplest to the most complex.
  • We are honored to be your partner in wealth management, building a solid foundation – one conversation at a time – that lays the groundwork for generations to come.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Awards

Our team is honored to have received numerous recognitions over the years. Below is a comprehensive list of individual awards we have been privileged to earn.

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    The Hesdorffer Team Named to Forbes Best-In-State Wealth Management Teams 2023, 2024, 2025

    It's an honor for The Hesdorffer Team to have made the Forbes Best-In-State Wealth Management Teams list for 2023, 2024, and 2025. The entire team is very grateful for the trust that our clients have placed in us and for our team's continued commitment to excellence.

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    Marietta named to MAKERS Class of 2018 by Morgan Stanley Wealth Management

    The MAKERS award is an initiative dedicated to celebrating the stories of leaders who are drivers and champions of women's achievement. The program highlights individuals who have shown resiliency, innovation, and a strong commitment to the firm, clients, and colleagues.

    Click to Watch Video
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    Jay Hesdorffer Named to Forbes Best-In-State Wealth Advisors 2022, 2023, 2024

    The Forbes Best-in-State wealth Advisors Award recognizes top financial advisors across the U.S. who demonstrate outstanding expertise, client service, and ethical standards. Ranked by Forbes in partnership with SHOOK Research, the award highlights advisors who excel in wealth management and make a significant impact in their respective states.

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    Marietta received the NAWBO, National Association of Women Business Owners, 2017 Corporate Women of Achievement Award

    The NAWBO Award, presented by the National Association of Women Business Owners, honors outstanding women who demonstrate exceptional leadership, innovation, and community impact. It recognizes individuals who embody NAWBO's mission of empowering women business owners through advocacy, education, and networking.

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    Vic Katwala Named to Forbes Top Next-Gen Wealth Advisors Best-In-State 2023, 2024

    The "Next Gen Advisors Best-ln-State" award is a recognition given to a select group of financial advisors who represent the future of the industry. The award highlights financial advisors who have demonstrated a commitment to excellence in their field.

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    Jay Hesdorffer received the Morgan Stanley Community Service Leadership Award 2018

    The community service award category includes awards that recognize advisors for activities outside of their role as financial advisors.

    Disclosures

    2023, 2024, 2025 Forbes Best-In-State Wealth Management Teams
    Source: Forbes.com (Awarded 2022, 2023, 2024). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.

    2022, 2023, 2024 Forbes Best-In- State Wealth Advisors
    Source: Forbes.com (Awarded 2022, 2023, 2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.

    2023, 2024 Forbes America's Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State(formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
    Source: Forbes.com (Awarded 2023, 2024). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.

Community Involvement

Our commitment to serving others doesn’t stop with our clients.  We each share a compassion for enhancing and lifting the lives of others.
Jay Hesdorffer
Board member and immediate past Chair of the Institute of Southern Jewish Life, an organization dedicated to bringing Jewish education to communities where Jewish resources are limited, 2019-Present.
Volunteer, boots on the ground in Louisiana assisting with clean up after Hurricane Katrina
Volunteer, boots on the ground in Houston assisting with clean up after flooding
Past President, Congregation Hakafa, Glencoe, IL
Marietta Hesdorffer
Chicago Culture Collective Council Member, 2023-Present
Co- Chair Morgan Stanley Wealth Management National Council 2016-2018
Board Member 2015-2019
Morgan Stanley Great Lakes Regional Council, Co-Chair 2020-2023
MAKERS Class of 2018
iMentor, 2016-2019
Host Committee, Israel Tennis & Education Centers Playing for Peace Event, Longboat Key, FL 2023-2024
Host Family, Israel Tennis & Education Centers Player Exhibition, 2022, 2024
Organized Morgan Stanley sponsorship of 2019 KIDS DAY at the ATP Nielsen Men's Pro Tennis Championship
ATP Nielsen Men's Pro Tennis Championship Host Family 2012-2019
University of Michigan MLetterWinner honoree, where former female varsity athletes received their official Michigan Letter Jackets, 2016
Lin Edral
Lin is active in her parish.

What do you need to do now..?

Morgan Stanley's comprehensive suite of digital resources has carefully been designed to help enhance each aspect of your financial portfolio. Take some time to learn about some of the many Modern Wealth Management resources that we offer to our clients.
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    View Your Portfolio
    Your investments and everyday finances are always just a few clicks away with Morgan Stanley Online (MSO) and the Morgan Stanley mobile app! Access your finances and invest in an instant with the help of this handy resource that is available 24/7.
    Learn more about Morgan Stanley Online
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    Upload External Accounts
    Complete your financial profile with Total Wealth View. By linking your external account information, you will benefit from more educated and holistic wealth planning, and convenient connectivity.
    Learn more about Total Wealth View
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    Perks
    How much can you save?
    With discounts from over 130 popular brands across entertainment, travel, luxury vehicles, wellness and professional services, Reserved Living & Giving provides opportunities to save on everyday luxuries as well as once-in-a-lifetime experiences.
    Learn more about MS Reserved
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    Consolidate Life's Most Important Documents with Confidence
    Digital Vault lets you easily, safely, and conveniently manage and share life’s most important documents, such as financial statements, authorizations, tax filings, and other relevant files.
    Getting Started with Digital Vault
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    2025 Federal Tax Tables
    This document outlines the 2025 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
    View 2025 Tax Table
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    Refer Someone Today!
    If you find our resources helpful and believe family members or friends would benefit from our services, we kindly encourage you to share the following link.
    The Hesdorffer Team

Location

227 West Monroe St
Suite 3400
Chicago, IL 60606
US
Direct:
(312) 917-7440(312) 917-7440
Toll-Free:
(800) 334-2446(800) 334-2446

Meet The Hesdorffer Team

About Jay Hesdorffer

Jay leads The Hesdorffer Team with more than 37 years of experience in personal wealth management. Having served at Morrison & Morrison Ltd. and Deposit Guarantee National Bank, Jay brings an extensive background in accounting, banking and advanced planning to the team. He received his BA in Professional Accounting from Mississippi State University and was awarded his Financial Planning Specialist designation in 2005. Chicago Magazine recognized Jay as a Five Star Wealth Manager for the last 13 consecutive years.

In addition to serving clients, Jay is committed to helping others. After hurricane Katrina and other storms ravaged the south, he was boots on the ground in Biloxi, Houston and Baton Rouge. He volunteered preparing and serving meals to refugees at the border in Brownsville, Texas. He is immediate past Chair of the National Board of Directors for the Institute of Southern Jewish Life, a non profit dedicated to enhancing Jewish education and culture in 13 southern states. His work with the ISJL was awarded the Morgan Stanley Community Leadership Award in 2018.
Securities Agent: NV, PA, WI, TX, HI, KY, MI, WA, VA, UT, TN, SD, SC, OK, OH, NY, NM, NJ, NE, NC, MS, MO, MN, MD, MA, LA, IN, IL, IA, GA, FL, DE, DC, CT, CO, CA, AZ, AL, OR; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1265189

About Marietta Hesdorffer

Marietta has dedicated more than 40 years to educating and empowering clients to make financial decisions with confidence. She is committed to helping clients achieve their own form of greatness, whether it’s raising a family or running a company.

A graduate of the University of Michigan, Marietta began her career as a broadcast journalist, serving as Public Affairs/Editorial Director for WFYR Radio in Chicago. Pre-CNBC, she provided weekly financial analysis on Chicago’s WCIU-TV for 17 years.

As a leading voice in the financial services industry, she was named a MAKER in the Morgan Stanley Class of 2018. Her commitment to paving the way for future generations of female leaders earned her the NAWBO 2017 Corporate Women of Achievement Award. She is a Barron’s Top Women Advisors Summit attendee in 2016 and 2018. She is committed to championing the success of others.
Securities Agent: NV, SD, VA, MN, WI, WA, UT, TX, TN, PA, OH, NY, NE, NC, MS, MI, MD, MA, LA, IN, IL, IA, HI, GA, FL, DE, DC, CO, CA, AZ; General Securities Representative; Investment Advisor Representative
NMLS#: 1270258

About Vic Katwala

Vic is a Vice President at Morgan Stanley and a partner with The Hesdorffer Team, providing financial planning and investment management for families. Vic brings more than 14 years of Financial Services experience to the team.

As a CFP® , Vic plays an integral role with The Hesdorffer Team in helping families and institutions develop strategies to align with their mission and financial goals. He focuses on client financial planning, portfolio management, investment manager due diligence and investment manager selection.

Vic graduated from DePaul University with bachelor degree in Finance and is a CERTIFIED FINANCIAL PLANNER ™ (CFP®). Beyond Wealth Management, Vic enjoys travelling, playing basketball and golfing. Vic is a Chicagoland native and currently resides in Clarendon Hills with his wife and their 2 sons.
Securities Agent: SD, VA, OH, WI, DE, IA, NE, MN, WA, UT, TX, TN, SC, PA, OK, NY, NV, NJ, NC, MS, MO, MI, MD, MA, LA, KY, IN, IL, HI, GA, FL, DC, CT, CO, CA, AZ, AL, OR; General Securities Representative; Investment Advisor Representative
NMLS#: 1268294

About Lin Edral

Lin is Senior Registered Associate with The Hesdorffer Team at Morgan Stanley. With more than 40 years of experience in the financial services industry, Lin knows the meaning of outstanding client service. She is dedicated to delivering an exceptional client experience. Professional, thorough and kind, our clients have come to know Lin as a dependable source they can trust to get things done.

A Queens New York native, Lin graduated from Ladycliff College in Highland Falls, NY. She holds the Series 7, 63, and 66 securities licenses.

Lin is actively involved with her parish, St. John the Baptist in Winfield. For leisure, she enjoys race walking, traveling and reading. Lin resides in West Chicago with her husband and her dog Sherri.
Wealth Management
From Our Team

Promoting Healthy Longevity


Wealth Management
Global Investment Office

Portfolio Insights

Retirement

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

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

Investing

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

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

Family

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

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

Business Planning

Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
  • Succession Planning
  • Business Planning
  • Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Financial Planning for Life After Selling a Business

Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

Philanthropy

Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
  • Endowments
  • Foundations
  • Donor Advised Funds
  • Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving 
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Donor Advised Funds: A Smart Way to Manage Your Giving 

There’s more to charitable giving than you may realize. Here’s one method that may be a tax-efficient way to give and can help maximize your impact.
Ready to start a conversation? Contact The Hesdorffer Team today.
Market Information Delayed 20 Minutes
1When 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.

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

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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.

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3Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

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4When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.

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5Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.

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6Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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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.

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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.

The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.

*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.

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

The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney.  The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.

Awards Disclosures
CRC 6491812 (04/2024)