Brett Anthony
Managing Director, Wealth Management, Wealth Advisor, Senior Portfolio Management Director
Phone:
(202) 862-9082(202) 862-9082
The I Street Group at Morgan Stanley
Brett AnthonyTrip McLaughlin, CIMA®Matthew Offen, CRPS®Jonathan J SowanickCharles J. KundaJohn Clay, CRPS®Seamus Moran
Direct:
(202) 862-9082(202) 862-9082
Toll-Free:
(800) 745-2451(800) 745-2451
Our Mission Statement
2026 Rankings:
Barron’s Top 1500 Financial Advisors
Barron’s Top 250 Private Wealth Management Teams
Source: Barrons.com (Awarded May 2026) Data compiled by Barron's for the period Jan 2025-Dec 2025.
Source: Barrons.com (Awarded Mar 2026) Data compiled by Barron's for the period Oct 2024-Sept 2025.
Barron’s Top 1500 Financial Advisors
Barron’s Top 250 Private Wealth Management Teams
Source: Barrons.com (Awarded May 2026) Data compiled by Barron's for the period Jan 2025-Dec 2025.
Source: Barrons.com (Awarded Mar 2026) Data compiled by Barron's for the period Oct 2024-Sept 2025.
Our Story
We are committed to providing advice and solutions at the highest level by delivering all of the resources of the firm to help our private and institutional clients achieve their unique goals.
Our goal is to thoroughly understand your financial needs and then align the resources to help you meet or exceed them. We can help you evaluate near-term concerns and plan for long-term goals, be a sounding board for investment ideas, assist you in developing and executing a strategy that is precisely your own and helps you meet your needs.
Our goal is to thoroughly understand your financial needs and then align the resources to help you meet or exceed them. We can help you evaluate near-term concerns and plan for long-term goals, be a sounding board for investment ideas, assist you in developing and executing a strategy that is precisely your own and helps you meet your needs.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Awards
Barron's Top 250 Private Wealth Management Teams
The I Street Group received this award in 2021, 2023, 2024, 2025, 2026.
(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 2021, 2023-2026). Data compiled by Barron's based on 12-month period concluding in Dec. of the year prior to the issuance of the award.
(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 2021, 2023-2026). 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 U.S. Financial Advisors Ranked by State
Brett received this award in 2008-2026.
Trip received this award in 2008-2026.
(Formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State, Barron's Top 1,200 Financial Advisors: State-by-State )
Source: Barrons.com (Awarded 2008-2026). Data compiled by Barron's based on 12-month period concluding in Sept. of the year prior to the issuance of the award.
Trip received this award in 2008-2026.
(Formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State, Barron's Top 1,200 Financial Advisors: State-by-State )
Source: Barrons.com (Awarded 2008-2026). Data compiled by Barron's based on 12-month period concluding in Sept. of the year prior to the issuance of the award.
Barron's Top 10 Advisors in Washington, D.C.
Brett received this award in 2026.
Source: Barrons.com (Awarded 2026). Data compiled by Barron's based on 12-month period concluding in Sept. of the year prior to the issuance of the award.
Source: Barrons.com (Awarded 2026). Data compiled by Barron's based on 12-month period concluding in Sept. of the year prior to the issuance of the award.
Barron's Top 25 Financial Advisors in Washington, D.C.
Trip received this award in 2026.
Source: Barrons.com (Awarded 2026). Data compiled by Barron's based on 12-month period concluding in Sept. of the year prior to the issuance of the award.
Source: Barrons.com (Awarded 2026). Data compiled by Barron's based on 12-month period concluding in Sept. of the year prior to the issuance of the award.
Morgan Stanley Private Markets
Private Markets
Many of today's companies stay private longer, with more of their valuation being created before they become publicly traded. Morgan Stanley Private Markets connects a broad network of potential private investors in an accessible ecosystem, allowing eligible clients to buy and sell securities of private companies.
Alternative Investments
Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income. From simplified vehicles available more broadly to institutional strategies, the platform supports a goals-based approach for asset allocation tailored to investor needs.
The Alts Report
Hear from industry innovators across Morgan Stanley Wealth Management leadership and fund manager partners as they discuss the trends and opportunities shaping the alternative investments landscape.
Alternative Investing: Six Key Themes Shaping 2026
In today's dynamic economic environment, strategies that worked before may not be as effective. Alternative investments could play a valuable role in your portfolio.
Planning For Your Future
Financial planning should help you see how each part of your financial life connects. We help you organize goals, income needs, family priorities, and long-term decisions into a planning framework that can evolve with you over time.
Comprehensive Planning
A strong financial plan helps bring structure to complex decisions. We help you evaluate income, savings, investments, family needs, and long-term goals within one coordinated framework. This process can help you make decisions with a clearer understanding of how each choice fits into the larger picture.
Ongoing Plan Reviews
Your plan should evolve as your life changes. We help you revisit your goals, assumptions, and priorities over time, so your strategy remains aligned with new circumstances. Regular reviews can help create a more informed planning process as markets, family needs, and life events shift.
Cash Flow and Liquidity Planning
Cash flow plays an important role in how financial decisions are made. We help you review spending needs, liquidity priorities, and upcoming financial commitments so your plan reflects both near-term flexibility and long-term goals. This can be especially important during business transitions, retirement planning, or major family milestones.
Tax Planning Strategies
Tax-related considerations are often most effective when reviewed as part of a broader financial plan. We help you evaluate how taxes may intersect with your investments, retirement income, charitable giving and estate planning strategies.
Retirement Income Planning
Retirement income planning helps connect your assets to the lifestyle you want to support. We help you review income sources, spending needs, timing considerations, and long-term planning goals. This can help create a clearer framework for decisions before and during retirement.
Lifestyle and Longevity Planning
Retirement planning often extends beyond the numbers. Healthcare, family support, travel, housing, and longevity considerations may all shape how your plan is built. We help you think through these priorities so your strategy reflects both financial needs and personal goals.
Family Wealth Conversations
Family wealth can bring opportunity, responsibility, and important conversations across generations. We help clients think through how financial priorities and legacy goals may intersect to create a more thoughtful framework for family-centered planning decisions.
Estate Planning Strategies
Your legacy is about more than the assets you leave behind. It reflects the people, values, and priorities you want to support over time. We help you organize estate planning strategy conversations around family needs, wealth transfer goals, charitable interests, and key planning considerations.
AWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
1775 I Street NW
Suite 200
Washington, DC 20006
US
Direct:
(202) 862-9082(202) 862-9082
Toll-Free:
(800) 745-2451(800) 745-2451
Meet The I Street Group
Trip McLaughlin, CIMA®
Managing Director, Wealth Management, Wealth Advisor, Senior Institutional Consultant, Alternative Investments Director
Phone:
(202) 862-9152(202) 862-9152
Matthew Offen, CRPS®
Managing Director, Wealth Management, Wealth Advisor, Corporate Retirement Director, Family Wealth Director, Founders Specialist
Phone:
(202) 862-9035(202) 862-9035
Jonathan J Sowanick
Managing Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Alternative Investments Director
Phone:
(202) 862-9019(202) 862-9019
Phone:
(202) 862-9162(202) 862-9162
Phone:
(408) 947-3798(408) 947-3798
Seamus Moran
Financial Advisor, Financial Planning Specialist
Phone:
(202) 862-9178(202) 862-9178
Hayley Davis, CFP®
Senior Vice President, Chief of Staff
Phone:
(202) 862-9052(202) 862-9052
Cathie Landon
Vice President, Group Director
Phone:
(202) 862-9173(202) 862-9173
Danielle Orleans
Vice President, Business Development Associate
Phone:
(202) 862-9081(202) 862-9081
Janette Goudy
Wealth Management Associate
Phone:
(202) 862-9176(202) 862-9176
Nico Altamar
Client Service Associate
Phone:
(202) 862-9136(202) 862-9136
About Brett Anthony
Brett Anthony serves as one of the I Street Group’s Portfolio Management Directors and heads the Group’s Private Wealth Management practice. He has been advising high net worth families and Family Offices for over 30 years. In this role, Brett oversees the management of our discretionary portfolios and is actively engaged with all aspects of equity, fixed income, options, and alternative investment strategy. He is also jointly responsible for the relationship management of our private wealth clientele.
Brett began his career at Morgan Stanley in 1992 and is currently a member of Morgan Stanley’s elite President’s Club. He has been recognized for excellence by many leading industry publications over the years including being listed as one of America's Top 1,200 Financial Advisors by Barron's. He ranks amongst the Top 15 Advisors in Washington, DC within this prestigious publication.
He is a graduate of the University of Massachusetts at Amherst, where he earned his Bachelor of Arts degree.
Brett is an avid tennis player and enjoys spending time with his family. He resides in Washington, D.C. with his wife, Marjan, and children, Anabelle and Patrick.
2021-2025 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 2021-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Brett began his career at Morgan Stanley in 1992 and is currently a member of Morgan Stanley’s elite President’s Club. He has been recognized for excellence by many leading industry publications over the years including being listed as one of America's Top 1,200 Financial Advisors by Barron's. He ranks amongst the Top 15 Advisors in Washington, DC within this prestigious publication.
He is a graduate of the University of Massachusetts at Amherst, where he earned his Bachelor of Arts degree.
Brett is an avid tennis player and enjoys spending time with his family. He resides in Washington, D.C. with his wife, Marjan, and children, Anabelle and Patrick.
2021-2025 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 2021-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Securities Agent: OH, NM, IA, DE, VA, OK, NJ, MS, MD, CA, SD, ME, PA, OR, MI, TX, TN, RI, PR, NC, KY, IL, ID, CO, AL, WI, NY, AR, VT, MN, GA, NH, MT, MA, KS, FL, UT, NV, NE, MO, LA, HI, CT, AZ, ND, IN, DC, WY, WV, WA, SC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1278779
CA Insurance License #: 0C99814
NMLS#: 1278779
CA Insurance License #: 0C99814
About Trip McLaughlin
Trip McLaughlin serves as the I Street Group’s Senior Institutional Consultant and heads the Group’s Institutional Consulting Practice. He has been advising Foundations, Associations, Corporations and Family Offices for over 20 years. In this role, he focuses almost exclusively on investment policy creation, asset allocation, and investment manager search and selection.
Trip began his career at Morgan Stanley in 1992 and is a member of Morgan Stanley's elite President’s Club. He has been recognized for excellence by many leading industry publications over the years including being listed as one of America's Top 1,200 Financial Advisors by Barron's. He ranks amongst the Top 25 Advisors in Washington, D.C. within this prestigious publication.
He is a graduate of Hampden-Sydney College, where he earned his Bachelor of Arts degree in Managerial Economics. He holds the Certified Investment Management Analyst (CIMA®) designation from the Wharton School at the University of Pennsylvania. Trip is a past Board Member for both The Hearing and Speech Center at Children's National Medical Center and the Small Point Summer School in Small Point, Maine. Trip is a former member of the Board of Trustees at Hampden-Sydney College where he was the Chair of Budget and Audit Committee and a member of the Investment Committee. Currently he serves on the Board of the Small Point Club Preservation Foundation.
Trip enjoys a variety of outdoor activities including golf and running. He resides in McLean, VA with his wife, Paula, and children, Burke, Conor, and Maeve.
2016-2025 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 2016-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Trip began his career at Morgan Stanley in 1992 and is a member of Morgan Stanley's elite President’s Club. He has been recognized for excellence by many leading industry publications over the years including being listed as one of America's Top 1,200 Financial Advisors by Barron's. He ranks amongst the Top 25 Advisors in Washington, D.C. within this prestigious publication.
He is a graduate of Hampden-Sydney College, where he earned his Bachelor of Arts degree in Managerial Economics. He holds the Certified Investment Management Analyst (CIMA®) designation from the Wharton School at the University of Pennsylvania. Trip is a past Board Member for both The Hearing and Speech Center at Children's National Medical Center and the Small Point Summer School in Small Point, Maine. Trip is a former member of the Board of Trustees at Hampden-Sydney College where he was the Chair of Budget and Audit Committee and a member of the Investment Committee. Currently he serves on the Board of the Small Point Club Preservation Foundation.
Trip enjoys a variety of outdoor activities including golf and running. He resides in McLean, VA with his wife, Paula, and children, Burke, Conor, and Maeve.
2016-2025 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 2016-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Securities Agent: VT, DE, TN, RI, PA, OH, NE, DC, CO, AL, SC, NV, MS, MI, VA, UT, CT, TX, PR, OK, NC, ID, WY, NY, NJ, ME, KY, WV, LA, KS, AR, WA, SD, NM, MN, HI, GA, CA, AZ, FL, WI, OR, ND, MT, MO, MD, MA, IN, NH, IL, IA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1278952
CA Insurance License #: 0G21292
NMLS#: 1278952
CA Insurance License #: 0G21292
About Matthew Offen
Matthew Offen serves as the I Street Group’s Corporate Retirement Director and Family Wealth Director and as such heads the corporate retirement and financial planning practices. Since joining Morgan Stanley, he has been advising institutional and private wealth clients on all facets of their investment, planning, and fiduciary responsibilities. In that role, he brings experience and knowledge to institutional clients as it relates to their qualified and non-qualified retirement plans and comprehensive financial planning resources to participants and families.
Matt began his advisory career at Morgan Stanley in 2002, and previously spent time as an Analyst in the Economic and Financial Solutions Group of Arthur Andersen. Matt is a member of Morgan Stanley’s elite President’s Club and formerly co-chaired Morgan Stanley’s Corporate Retirement Director Advisory Board. He is also part of a select group of advisors at the firm, who have been acknowledged as a National Strategic Partner. Over the years, he has been recognized by numerous publications including such accolades as Top 40 under 40 Wirehouse Advisor by Registered Rep Magazine and a Top Financial Expert by Washingtonian Magazine.
He is a graduate of The George Washington University, where he earned his Bachelor of Arts degree in Finance. He holds the Chartered Retirement Plan Specialist (CRPS®) designation and is a member of both the National Association of Plan Advisors (NAPA) and the Association of Professional Investment Consultants (APIC).
Matt is an avid golfer and a British classic car enthusiast. He resides in Washington, D.C. with his wife, Hallie, and sons, Emory and Porter.
2013-2017 REP Magazine Top 40 Wirehouse Advisors Under 40
Source: REP. magazine's Top 40 Wirehouse Advisors Under 40, 2013-2017. Selected Financial Advisors are ranked exclusively by assets under management custodied at their firm. Only Financial Advisors for whom 60 percent or more of assets correspond to retail clients were eligible for the list. Financial Advisors must be under the age of 40 as of between 2013-2017. The rating is not indicative of the Financial Advisor's future performance. Neither the Financial Advisor nor Morgan Stanley Wealth Management pays a fee to REP. magazine in exchange for the ranking.
Top Financial Experts Source: Washingtonian Magazine (Awarded 2014) Data compiled by Washingtonian Magazine based on time period from 2014. For criteria & methodology, go to (https://www.washingtonian.com/best/financial-advisers/)
Matt began his advisory career at Morgan Stanley in 2002, and previously spent time as an Analyst in the Economic and Financial Solutions Group of Arthur Andersen. Matt is a member of Morgan Stanley’s elite President’s Club and formerly co-chaired Morgan Stanley’s Corporate Retirement Director Advisory Board. He is also part of a select group of advisors at the firm, who have been acknowledged as a National Strategic Partner. Over the years, he has been recognized by numerous publications including such accolades as Top 40 under 40 Wirehouse Advisor by Registered Rep Magazine and a Top Financial Expert by Washingtonian Magazine.
He is a graduate of The George Washington University, where he earned his Bachelor of Arts degree in Finance. He holds the Chartered Retirement Plan Specialist (CRPS®) designation and is a member of both the National Association of Plan Advisors (NAPA) and the Association of Professional Investment Consultants (APIC).
Matt is an avid golfer and a British classic car enthusiast. He resides in Washington, D.C. with his wife, Hallie, and sons, Emory and Porter.
2013-2017 REP Magazine Top 40 Wirehouse Advisors Under 40
Source: REP. magazine's Top 40 Wirehouse Advisors Under 40, 2013-2017. Selected Financial Advisors are ranked exclusively by assets under management custodied at their firm. Only Financial Advisors for whom 60 percent or more of assets correspond to retail clients were eligible for the list. Financial Advisors must be under the age of 40 as of between 2013-2017. The rating is not indicative of the Financial Advisor's future performance. Neither the Financial Advisor nor Morgan Stanley Wealth Management pays a fee to REP. magazine in exchange for the ranking.
Top Financial Experts Source: Washingtonian Magazine (Awarded 2014) Data compiled by Washingtonian Magazine based on time period from 2014. For criteria & methodology, go to (https://www.washingtonian.com/best/financial-advisers/)
Securities Agent: NV, LA, DE, MT, WV, RI, PR, OR, NC, MS, MO, KS, IL, AR, AL, VA, NH, CO, MD, UT, NJ, NE, IA, DC, WA, OH, NM, MN, MI, MA, KY, AZ, VT, ID, HI, WI, ME, CA, WY, TX, TN, SD, OK, NY, ND, IN, GA, FL, CT, SC, PA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1278592
CA Insurance License #: 0G21253
NMLS#: 1278592
CA Insurance License #: 0G21253
About Jonathan J Sowanick
Jonathan Sowanick serves as one of the I Street Group’s Senior Portfolio Management Directors. Since 2005, he has been advising high net worth families on all aspects of equity, fixed income, options, and alternative investment strategies. Jon has a core strength in equity portfolio management and as such is heavily involved with the management of our discretionary equity portfolios as well as the development of investment strategies.
Jon joined Morgan Stanley in 2008 and is a member of Morgan Stanley’s Master's Club. Prior to Morgan Stanley, he spent three years at Merrill Lynch as a Financial Advisor. He is a graduate of Gettysburg College, where he earned his Bachelor of Arts degree in Business Management and served as a Captain of the Men’s Lacrosse team.
Jon is an avid golfer and enjoys coaching youth lacrosse. He resides in Washington, D.C. with his wife, Erin, and children, Paige, Charlotte and Bennett.
Jon joined Morgan Stanley in 2008 and is a member of Morgan Stanley’s Master's Club. Prior to Morgan Stanley, he spent three years at Merrill Lynch as a Financial Advisor. He is a graduate of Gettysburg College, where he earned his Bachelor of Arts degree in Business Management and served as a Captain of the Men’s Lacrosse team.
Jon is an avid golfer and enjoys coaching youth lacrosse. He resides in Washington, D.C. with his wife, Erin, and children, Paige, Charlotte and Bennett.
Securities Agent: LA, IA, PA, NJ, ME, MA, IN, DE, CT, MO, VA, RI, MS, KY, AZ, WV, WA, VT, SD, MT, ID, DC, CO, AL, PR, NY, KS, AR, WY, UT, TX, TN, SC, OK, MN, IL, HI, CA, WI, NM, GA, FL, OH, NE, OR, NV, ND, NC, NH, MI, MD; General Securities Representative; Investment Advisor Representative
NMLS#: 1279385
CA Insurance License #: 0L71101
NMLS#: 1279385
CA Insurance License #: 0L71101
About Charles J. Kunda
Charles J. Kunda, Charlie, is a Senior Vice President & Financial Advisor and has more than 30 years of experience in the investment industry. He joined the I Street Group in 2024 and Morgan Stanley Dean Witter in 1999 as a Financial Advisor and has spent the past 25+ years working with non-profit organizations, 501(C)3 organizations, endowments, Taft-Hartley clients, large 401(k) plans and high net worth individuals. He provides a comprehensive approach to investing that uses asset allocation modeling, best-of-breed investment product selection, and consistent monitoring to align individual portfolios with the goals, objectives and risk tolerance of each client. He focuses on asset allocation, and investment manager search and selection.
He is a graduate of University of Maryland, College Park, where he earned his Bachelor of Arts Economics.
Charlie is an avid skier, car enthusiast and sailor who participated as a US Sailing Team Member in the 1996 Olympic Trials Savannah, GA. He enjoys spending time with his family, including fostering over 100 dogs/puppies rescues over the past four years, sailing, skiing and time on their boat. He resides in Fulton, MD with his wife, Hillary and their twin sons Becker & Bode.
He is a graduate of University of Maryland, College Park, where he earned his Bachelor of Arts Economics.
Charlie is an avid skier, car enthusiast and sailor who participated as a US Sailing Team Member in the 1996 Olympic Trials Savannah, GA. He enjoys spending time with his family, including fostering over 100 dogs/puppies rescues over the past four years, sailing, skiing and time on their boat. He resides in Fulton, MD with his wife, Hillary and their twin sons Becker & Bode.
Securities Agent: GA, IA, NV, NJ, NH, NE, DE, CA, TX, SC, PA, OR, OK, NY, NC, MS, MD, MA, FL, CT, WY, WV, WA, VT, PR, ID, DC, AL, SD, MT, MN, IL, HI, KS, WI, UT, ME, VA, TN, OH, NM, ND, LA, IN, CO, AZ, MO, KY, AR, RI, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 1282956
CA Insurance License #: 4312608
NMLS#: 1282956
CA Insurance License #: 4312608
About John Clay
John is a Vice President, Global Sports and Entertainment Director at Morgan Stanley who has over 25 years experience working with high net-worth individuals, entertainers, athletes, corporations, trusts and foundations. In 2023, he was named as an Advisory Council Member and Committee Co-Chair to Morgan Stanley's Global Sports & Entertainment Division. John is a Chartered Retirement Plans Specialist, and he consults with clients on such issues as comprehensive estate planning strategies, managing income in retirement, and qualified and non-qualified retirement planning. Before joining Morgan Stanley, he served as a Vice President with Merrill Lynch’s Global Private Client Group.
John is a graduate of Northeastern University’s School of Business. John currently resides in San Jose, CA. He has two sons in college, John Jr. and Quinten. He is originally from Hartford, CT. John is a competitive triathlete. He enjoys spending time with his boys, and appreciating all of the wonderful things that the Silicon Valley area has to offer.
John is a graduate of Northeastern University’s School of Business. John currently resides in San Jose, CA. He has two sons in college, John Jr. and Quinten. He is originally from Hartford, CT. John is a competitive triathlete. He enjoys spending time with his boys, and appreciating all of the wonderful things that the Silicon Valley area has to offer.
Securities Agent: NY, MI, HI, GA, AR, OK, ND, MN, LA, FL, PR, OR, NE, IL, DC, CT, CO, WY, TX, NC, ME, IA, WI, TN, RI, OH, MS, KY, DE, AZ, NJ, NH, ID, CA, AL, SD, NV, NM, MO, MD, VT, SC, MA, VA, MT, IN, WV, WA, UT, KS, PA; General Securities Representative; Investment Advisor Representative
NMLS#: 1639745
CA Insurance License #: OM89101
NMLS#: 1639745
CA Insurance License #: OM89101
About Seamus Moran
Seamus Moran began his career at Morgan Stanley in 2023 as a Client Service Associate in the Washington, DC office, where he supported the Financial Advisors of The I Street Group. He attended client meetings to establish relationships with existing clients, educated clients on MS capabilities, assisted in portfolio management and created comprehensive financial plans. In 2025, Seamus became a Financial Advisor with the team, where he continues to help clients with comprehensive financial planning, portfolio management and works closely with senior Financial Advisors on the team’s corporate retirement plans.
Seamus graduated from George Washington University in 2020 with a bachelor's degree in Molecular and Cellular Biology and completed his Master of Science in Biophysics at Georgetown University in 2023. In his free time, he enjoys golfing, exploring new restaurants, and spending time outdoors with his wife. He is originally from Scranton, PA, and currently lives in Washington, DC.
Seamus graduated from George Washington University in 2020 with a bachelor's degree in Molecular and Cellular Biology and completed his Master of Science in Biophysics at Georgetown University in 2023. In his free time, he enjoys golfing, exploring new restaurants, and spending time outdoors with his wife. He is originally from Scranton, PA, and currently lives in Washington, DC.
Securities Agent: ND, MT, NV, IL, CA, AZ, WY, WI, NC, ID, GA, RI, NH, TN, SD, NM, MN, KS, HI, DE, CT, VA, MO, MA, LA, IA, WA, OH, MI, ME, IN, FL, CO, SC, PA, OR, MS, DC, TX, PR, NY, NE, MD, KY, WV, UT, OK, NJ, AL, VT; General Securities Representative; Investment Advisor Representative
NMLS#: 2748216
NMLS#: 2748216
About Hayley Davis
Hayley serves as the Chief of Staff of the team and is responsible for the ongoing enhancement of the client service experience. She oversees the administrative team and the operational aspects of The I Street Group's practice.
Hayley joined Morgan Stanley in 2006 and has more than 25 years of experience in the financial services industry. She earned her Certified Financial PlannerTM (CFP ®) designation in January 2006. Hayley joined The I Street Group in 2014 after several years in branch management and a variety of other positions in the industry.
She graduated in 1992 from Wake Forest University with a Bachelor of Arts in Communication. Hayley lives in Burtonsville, Maryland.
This role cannot solicit or provide investment advice.
Hayley joined Morgan Stanley in 2006 and has more than 25 years of experience in the financial services industry. She earned her Certified Financial PlannerTM (CFP ®) designation in January 2006. Hayley joined The I Street Group in 2014 after several years in branch management and a variety of other positions in the industry.
She graduated in 1992 from Wake Forest University with a Bachelor of Arts in Communication. Hayley lives in Burtonsville, Maryland.
This role cannot solicit or provide investment advice.
About Cathie Landon
Cathie serves as a Group Director and joined The I Street Group in 2020. She is responsible for working with team members to address the specific needs and service issues of clients. She has held numerous Operational and Administrative positions since she joined the industry in 1984 and has incorporated this wealth of knowledge to serve clients with a high standard of care.
Cathie has been with Morgan Stanley since 1989 and served on the National Service Advisory Council from 2012-2014.
Cathie was born in Washington, DC and attended Ohio Wesleyan University. She currently lives in Rosslyn, VA with her husband. In her free time she enjoys tennis and traveling
Cathie has been with Morgan Stanley since 1989 and served on the National Service Advisory Council from 2012-2014.
Cathie was born in Washington, DC and attended Ohio Wesleyan University. She currently lives in Rosslyn, VA with her husband. In her free time she enjoys tennis and traveling
About Danielle Orleans
Danielle serves as the Business Development Associate for the I Street Group. She is responsible for the implementation of the investment strategies and portfolios designed for our private wealth clientele. She is also responsible for client relationship management. She joined Morgan Stanley in 2004 and has been with the I Street Group since 2005.
Danielle graduated Union College in 2004 with a degree in Economics and Japanese. She is originally from Scituate, Massachusetts and currently lives in Bethesda, Maryland.
Danielle graduated Union College in 2004 with a degree in Economics and Japanese. She is originally from Scituate, Massachusetts and currently lives in Bethesda, Maryland.
About Janette Goudy
Janette serves as a Wealth Management Associate and joined the I Street Group in 2026. She is a senior member of the service team who provides exceptional client service and supports Financial Advisors day to day – building trusted client relationships and helping deliver the team’s client service model.
Janette joined Morgan Stanley in 2021 and has held numerous Managerial, Operational and Administrative positions since joining the industry in 2014.
Janette is originally from San Francisco, CA. She is a graduate of San Jose State University with a Bachelor of Science degree in Justice Studies. Janette currently resides in Arlington, VA. In her free time, she enjoys cooking, traveling, spending time with friends and family and attending sporting events.
Janette joined Morgan Stanley in 2021 and has held numerous Managerial, Operational and Administrative positions since joining the industry in 2014.
Janette is originally from San Francisco, CA. She is a graduate of San Jose State University with a Bachelor of Science degree in Justice Studies. Janette currently resides in Arlington, VA. In her free time, she enjoys cooking, traveling, spending time with friends and family and attending sporting events.
About Nico Altamar
Nico serves as a Client Service Associate and joined The I Street Group in 2025. He helps cultivate and enhance client relationships through active communication with clients, processing their requests, onboarding and maintaining client accounts and documentation, as well as performing operational duties that support Financial Advisors in daily business practices.
Nico graduated from Wake Forest University in 2024 with a bachelor's degree in Economics. He enjoys golf, cooking, and spending time with family and friends. He currently lives in Chevy Chase, MD.
Nico graduated from Wake Forest University in 2024 with a bachelor's degree in Economics. He enjoys golf, cooking, and spending time with family and friends. He currently lives in Chevy Chase, MD.
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Iran Conflict: Seven Takeaways for Investors
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529 Plans: A Powerful Tool to Save for Education
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We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
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Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
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- Set themselves apart by offering comprehensive financial wellness benefits.
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.
- Investment Management
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Ready to start a conversation? Contact The I Street Group today.
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 Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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.
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 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.
5Morgan 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.
6When 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.
7Morgan 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.
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
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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.
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 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.
5Morgan 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.
6When 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.
7Morgan 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.
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
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
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CRC 4665150 (8/2025), 5378280 (5/2026)
