Managing Director, Private Wealth Management, Private Wealth Advisor, Institutional Consulting Director
Phone:
(212) 761-4929(212) 761-4929
Morgan Stanley Private Wealth Management
The Karas Advisory Team
Direct:
(212) 761-4929(212) 761-4929
Our Mission Statement
A boutique group within a global firm, we serve an elite clientele of affluent families, individuals, and nonprofit organizations.
Welcome
The Karas Advisory Team is a highly experienced team of wealth management professionals within Morgan Stanley Private Wealth Management. Formed over 20 years ago, our mission is to meet the unique needs of ultra high-net worth individuals and families facing the added complexity that comes with managing significant wealth. Our team believes in a holistic approach to wealth management, tying together liquidity needs, investment goals, trust and estate planning, financial planning, and charitable giving. We work alongside your other trusted professionals; your accountant, your attorney and, and trustees, among others.
As a bespoke team within a global firm, we believe we can offer the best of both. Combining our inhouse capabilities and experience with the vast resources of Morgan Stanley, our team is able to provide a comprehensive wealth management experience that aligns with your personal financial goals and risk tolerance.
Our team has a depth of experience working with a wide range of situations; we specialize in working with high-level executives and entrepreneurs managing concentrated stock positions and significant liquidity events. In addition, we have expertise with foundations and endowments, as well as global sports and entertainment needs. Uniting these different offerings is a singular commitment to simplifying your life while meeting your financial and fiduciary goals, allowing you to focus on the things most important to you.
AWARDS:
2018-2024 Forbes Best-In-State Wealth Advisors
2018-2024 Forbes Best-In-State Wealth Advisors: Source: Forbes.com (2018, 2019, 2020, 2021, 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.
2016, 2017, 2019, 2020 Forbes America's Top Wealth Advisors
2016, 2017, 2019, 2020 Forbes America's Top Wealth Advisors: Source: Forbes.com (Awarded 2016, 2017,2019, 2020). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
2010 & 2013-2024 Barron's Top 1,200 Financial Advisors
2010 & 2013-2024 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 2010, 2013, 2014, 2015, 2016, 2017, 2018, 2019,2020, 2021, 2022, 2023 2024). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 300 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $775 billion in AUM1
- Comprising 25% of the Barron’s Top 100 Financial Advisors list for 2023
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2023
Source: Barron's.com (April 2023) 2023 Barron's Top 100 Financial Advisors awarded in 2023. This ranking was determined based on an evaluation process conducted by Barron's during the period from Dec 2020 - Dec 2021. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
OUR APPROACH
The Karas Team is a deeply experienced group of wealth planning, investment and client service professionals who serve an elite global clientele of ultra high net worth families and individuals. Combining our talents and perspectives with the vast global resources of Morgan Stanley, we work to create and implement highly customized, comprehensive wealth management plans to help our clients maintain their lifestyles as they look to preserve, grow and efficiently transfer wealth.
We follow a disciplined approach to wealth planning that is grounded in investment strategy, and integrates virtually every aspect of your financial life: risk management, liabilities, trusts and estate structures, family dynamics and philanthropic strategy. While we tailor our investment approach to each client's unique goals and risk tolerance, we generally favor portfolios with modest turnover seeking to maximize tax efficiency.
We follow a disciplined approach to wealth planning that is grounded in investment strategy, and integrates virtually every aspect of your financial life: risk management, liabilities, trusts and estate structures, family dynamics and philanthropic strategy. While we tailor our investment approach to each client's unique goals and risk tolerance, we generally favor portfolios with modest turnover seeking to maximize tax efficiency.
1. Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
2. Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
3. Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
4. Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
5. Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
6. Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
CLIENT RESOURCES
Estate Planning
Estate planning is the process of making arrangements to pass down wealth and assets after a person’s death. Proper estate planning gives careful consideration to the estate owner’s future plans, preferences and goals. Tax implications of the plan should also be thoroughly documented.
View The 7 Essential Estate Planning Steps
Private Wealth Management for Single Family Offices
Building an effective family office that is aligned with a family’s mission and delivers the extensive range of capabilities required involves a series of critical structuring, staffing and strategic measures.
Learn More Here
The Corporate Executive Brochure
Morgan Stanley Private Wealth Management focuses on the personal financial needs of the world's most prominent corporate executives and their families. Learn more about our capabilities below.
Learn More Here
The Business Owner Brochure
As a business owner, you have devoted your career to building your enterprise. Now, it is time to plan for what comes next: enjoying the substantial rewards of your success, spending more time with your family and pursuing new challenges.
Learn More Here
The Private Equity Principals Brochure
Successful private equity careers tend to proceed in asymmetrical fashion. Substantial gain may follow considerable setbacks. Success itself tends to create concentration risks that may leave highly sophisticated investors in need of supplemental investment advice outside their areas of expertise.
Learn More Here
Exiting Your Business: The Transaction of a Lifetime
Looking to exit your business and retire? You're not alone. View the link below to learn more about the most important transaction in an entrepreneur's life.
Learn More Here
Morgan Stanley At Work Equity Solutions
Equity is more than shares. It’s a commitment to your employees. That’s why we design equity compensation solutions that can grow alongside your business and people at any stage. With tailored solutions, modern technology, hands-on guidance and dedicated service, we help you effectively administer equity while managing risk and compliance on a global scale.
Learn More Here
Your Entrepreneurial Journey Placemat
Making key decisions at the correct junctures accelerates the growth of your business. View the entrepreneurial journey placemat to learn more
Learn More Here
U.S. Policy Pulse: Trump 2.0 and the Markets
In case you missed it, we invite you to watch the replay from our conversation recorded on Tuesday, February 25 with Morgan Stanley Wealth Management Chief Investment Officer, Lisa Shalett, Chief Economic Strategist and Global Head of Thematic and Macro Investing, Ellen Zentner, and Morgan Stanley Wealth Management’s Head of U.S. Public Policy, Monica Guerra on the top policy and regulatory actions that could impact investors in the months ahead.
Watch Here
Protecting Yourself From Tax Season Scams
While you’re busy gathering your paperwork for tax season, cybercriminals are devising schemes to steal your identity and money. Know how to protect yourself and your loved ones.
Learn More
2025 Capital Markets Outlook: 3 Trends Fueling a Resurgence
Favorable economic conditions have set up a potential rebound in M&A, private credit assets could reach $2.8 trillion and corporate spending on AI is poised to grow.
Read Here
Protecting Your Estate From Future Transfer Taxes
The lifetime federal estate and gift tax exemption could be halved in 2026. Should you take action before then?
Learn More Here
Health and Wellness Education
The newest offering from Morgan Stanley Family Office Resources, Health and Wellness Education, features an extensive range of differentiated services to help you make clear and informed decisions on matters that impact your personal wellbeing.
Learn More Here
2025 Tax Tables
The 2025 Tax Rate Schedule provides standard deductions for different filing statuses, phaseout amounts, and tax deadlines. It includes additional deductions for non-itemizers and tax rates for long-term capital gains, qualified dividends, and child tax credit, along with other relevant information to help you prepare for tax season.
Read Here
Megatrends: How AI and Tech Are Redefining Global Defense
Rising global defense commitments and technology innovation could unlock hundreds of billions more in spending, benefiting a variety of economic sectors. Where can investors find opportunities?
Learn More Here
Know What To Do If You Think You've Been Hacked
While you can't eliminate the risk of being the victim of a cybercrime, know the steps to take if and when your identity, accounts, devices or information is compromised.
Learn MoreLocation
1585 Broadway, 21st
Fl
New York, NY 10036
US
Direct:
(212) 761-4929(212) 761-4929
3801 Pga Boulevard
Suite 700
Palm Beach Gardens, FL 33410
US
Direct:
(212) 761-4929(212) 761-4929
Meet The Karas Advisory Team
Andrew Karas
Vice President, Private Wealth Advisor
Phone:
(332) 205-2521(332) 205-2521
Brad Backus
Senior Vice President, Private Wealth Advisor, Family Wealth Director, Alternative Investments Director, Portfolio Management Director
Phone:
(212) 761-5435(212) 761-5435
Senior Vice President, Private Wealth Advisor, Family Wealth Director, Alternative Investments Director, Portfolio Management Director
Phone:
(212) 761-4869(212) 761-4869
Kristin Murray
Senior Vice President, Investment Consultant, COO, Private Wealth Management
Phone:
(212) 761-4705(212) 761-4705
Jacob Haberman
Registered Client Service Associate
Phone:
(212) 761-5448(212) 761-5448
Denise Keller
Registered Client Service Associate
Phone:
(212) 761-5929(212) 761-5929
Alexander Estok
Portfolio Management Associate
Phone:
(212) 761-5866(212) 761-5866
About Joseph Karas
Joe Karas leads an advisory team that is focused on helping clients meet the full range of their financial goals at every point of their lives. This may include working with affluent families on pre-liquidity planning, hedging and monetization strategies, a broad array of investment strategies and tax-efficient estate planning. It may also include working with nonprofit organizations to create, implement and maintain highly customized investment strategies. Joe was recognized as one of Forbes' Top 200 Wealth Managers in 2016 and 2017, Forbes' Best-In-State Wealth Advisors in 2018, and by Barron's magazine as one of the Top 100 advisors in New York from 2011 to 2018. He has also been selected for the Morgan Stanley Chairman's Club for the past seven years.
Joe joined Morgan Stanley Private Wealth Management in 2001, after three years with Goldman Sachs' Private Wealth Management, where he was part of a specialized team focused on the firm's most strategic clients. Prior to his career in wealth management, Joe spent 19 years at AT&T, where he was appointed a Director of the Strategic Business Development Group, focusing on mergers and acquisitions. Joe graduated from the University of Connecticut with a B.S. in mathematics and went on to earn a M.S. in applied statistics from Rutgers University.
Joe lives with his wife, Sherry, in Bernardsville, New Jersey. They have two adult children, both working in New York City. Joe serves on the board of the Rutgers Graduate School and previously served on the board of the New Jersey Symphony Orchestra. He enjoys golfing and skiing.
2016-2017 Forbes America's Top Wealth Advisors
Source: Forbes.com (2016-2017). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of the year the award was issued.
Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Feb 2018) Data compiled by SHOOK Research LLC based on time period from 6/30/16 - 6/30/17.
Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Feb 2018) Data compiled by SHOOK Research LLC based on time period from 6/30/16 - 6/30/17.
2011-2018 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 (2011-2018). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Joe joined Morgan Stanley Private Wealth Management in 2001, after three years with Goldman Sachs' Private Wealth Management, where he was part of a specialized team focused on the firm's most strategic clients. Prior to his career in wealth management, Joe spent 19 years at AT&T, where he was appointed a Director of the Strategic Business Development Group, focusing on mergers and acquisitions. Joe graduated from the University of Connecticut with a B.S. in mathematics and went on to earn a M.S. in applied statistics from Rutgers University.
Joe lives with his wife, Sherry, in Bernardsville, New Jersey. They have two adult children, both working in New York City. Joe serves on the board of the Rutgers Graduate School and previously served on the board of the New Jersey Symphony Orchestra. He enjoys golfing and skiing.
2016-2017 Forbes America's Top Wealth Advisors
Source: Forbes.com (2016-2017). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of the year the award was issued.
Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Feb 2018) Data compiled by SHOOK Research LLC based on time period from 6/30/16 - 6/30/17.
Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Feb 2018) Data compiled by SHOOK Research LLC based on time period from 6/30/16 - 6/30/17.
2011-2018 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 (2011-2018). 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: TN, AZ, MD, MA, FL, CA, KS, NJ, NC, MT, TX, SC, MI, CO, UT, IN, GA, CT, WY, VA, NV, ME, DC, OK, OH, IL, RI, VT, PA, OR, NY, NH, MN, DE, HI, WI, PR; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1285354
NMLS#: 1285354
About Andrew Karas
As a member of the Karas Advisory Team, Andrew works directly with clients to provide solutions to complex wealth challenges. His primary responsibilities include developing financial planning strategies for clients, monitoring client portfolios and investment manager performance, and assisting in developing and implementing customized portfolio strategies.
Andrew joined Morgan Stanley in 2019. Previously, he spent seven years as a consultant at Deloitte, working with major financial institutions on a range of risk and capital-related projects. His experience there included designing and implementing programs to optimize bank capital and liquidity, enhancing risk-management processes, and developing loss-forecasting programs used for stress testing and strategic decision-making. He left Deloitte as a Manager, having led a team of more than 20 employees based both domestically and internationally.
Andrew grew up in New Jersey and graduated magna cum laude with a degree in political science and economics from Bucknell University. His charitable involvement includes working with Community Bucket and Shatterproof, which combat homelessness and addiction.
In his spare time, Andrew enjoys playing hockey, reading, and traveling. He currently lives in the West Village of Manhattan.
Andrew joined Morgan Stanley in 2019. Previously, he spent seven years as a consultant at Deloitte, working with major financial institutions on a range of risk and capital-related projects. His experience there included designing and implementing programs to optimize bank capital and liquidity, enhancing risk-management processes, and developing loss-forecasting programs used for stress testing and strategic decision-making. He left Deloitte as a Manager, having led a team of more than 20 employees based both domestically and internationally.
Andrew grew up in New Jersey and graduated magna cum laude with a degree in political science and economics from Bucknell University. His charitable involvement includes working with Community Bucket and Shatterproof, which combat homelessness and addiction.
In his spare time, Andrew enjoys playing hockey, reading, and traveling. He currently lives in the West Village of Manhattan.
Securities Agent: NC, ME, NY, PA, TX, WI, GA, WY, VT, VA, UT, SC, RI, PR, OR, OK, OH, NV, NJ, NH, MT, MN, MI, MD, MA, KY, KS, IN, IL, HI, FL, DE, DC, CT, CO, CA, AZ, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 1928500
NMLS#: 1928500
About Brad Backus
Brad Backus is a Senior Vice President at Morgan Stanley Private Wealth Management. He has over 15 years of experience working with high net worth individuals, families, foundations and endowments. His expertise includes strategic asset allocation, portfolio construction and the implementation of customized strategies. In 2018, Brad earned the designation of Family Wealth Director.
Brad joined Morgan Stanley Private Wealth Management in 2009 after three years as an investment banking analyst in Morgan Stanley's municipal securities division where he had over $2 billion of transactional experience working with senior managed bond issues and derivative transactions for leading tax-exempt health care institutions.
Brad is an active volunteer with Read Ahead, a reading-based mentoring program that pairs professionals in New York City with elementary school students to offer weekly tutoring sessions.
Brad earned his B.A. in English from Amherst College. He resides in Manhattan with his wife and three daughters.
Brad joined Morgan Stanley Private Wealth Management in 2009 after three years as an investment banking analyst in Morgan Stanley's municipal securities division where he had over $2 billion of transactional experience working with senior managed bond issues and derivative transactions for leading tax-exempt health care institutions.
Brad is an active volunteer with Read Ahead, a reading-based mentoring program that pairs professionals in New York City with elementary school students to offer weekly tutoring sessions.
Brad earned his B.A. in English from Amherst College. He resides in Manhattan with his wife and three daughters.
Securities Agent: WY, ME, OK, NJ, MT, MD, VA, TX, AZ, UT, PR, KS, HI, VT, NV, NH, FL, RI, MI, MA, DC, CT, CO, OR, MN, LA, KY, IL, DE, PA, NY, NC, GA, CA, TN, SC, OH, IN; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1475802
NMLS#: 1475802
About Matthew J Tortoso
Securities Agent: MD, GA, PR, NJ, NC, MN, KY, AZ, VT, NY, CT, TX, MI, ME, RI, IL, FL, WI, VA, UT, PA, NM, NH, DE, CO, HI, DC, WY, NV, MA, KS, CA, MT; General Securities Representative; Investment Advisor Representative
NMLS#: 1285017
NMLS#: 1285017
About Kristin Murray
Kristin joined Morgan Stanley Private Wealth Management in 2004. As the COO of the group, Kristin primarily focuses on leading the team in the delivery of first-class service to all clients and on managing the team's workflow. This business model allows Kristin to fully engage with every client & evaluate their unique needs. Kristin also supports the team's individual and institutional clients through an array of services, including equity and option trade execution, balancing accounts, managing partnership capital calls & distributions, and gifting. Prior to joining Morgan Stanley, Kristin began her career with Salomon Smith Barney where she worked on both the retail side and with the Middle Markets Group serving hedge funds. She also worked with Oppenheimer & Co.'s Asset Management Group.
Kristin holds a B.A. in Economics from Providence College. She resides with her husband, Keith, and their two children in Manhattan. In her free time, Kristin enjoys skiing, running & playing tennis. She has completed the New York City Marathon four times. In addition, Kristin devotes her time to Swim Across America, a group that fundraises for cancer research and treatment.
NMLS#: 2641473
Kristin holds a B.A. in Economics from Providence College. She resides with her husband, Keith, and their two children in Manhattan. In her free time, Kristin enjoys skiing, running & playing tennis. She has completed the New York City Marathon four times. In addition, Kristin devotes her time to Swim Across America, a group that fundraises for cancer research and treatment.
NMLS#: 2641473
About Jacob Haberman
Jake Haberman recently joined Morgan Stanley Private Wealth Management after spending the past two years working on the firm's Cash Management program. He was responsible for driving the suite of cash management products to help advisors and client become aware of what Morgan Stanley has to offer. Prior to the Cash Management program, Jake was working as a Client Service Associate in Morgan Stanley Wealth Management for two years. He holds both Series 7 and Series 66 licenses. Jake's primary responsibilities at Morgan Stanley Private Wealth Management is to ensure client satisfaction at the highest level. He will also be responsible for account opening and maintenance, journals, wire transfers, as well as supplying any support the team may need.
Jake lives in the Upper East Side of Manhattan with his fiancé Rebecca. He enjoys cooking and traveling and is an ardent Jets, Mets, Rangers and Knicks fan.
Jake lives in the Upper East Side of Manhattan with his fiancé Rebecca. He enjoys cooking and traveling and is an ardent Jets, Mets, Rangers and Knicks fan.
About Denise Keller
Denise primarily works with the institutional clients of the Karas Advisory Team to help meet their unique needs. This includes client account maintenance, funds transfer execution, and performance reporting support, amongst other client support activities. Prior to joining Morgan Stanley Private Wealth Management, Denise worked as a Client Service Associate with Morgan Stanley Wealth Management for four years, supporting teams in New Jersey and Florida. She holds both Series 7 and Series 66 licenses.
Denise earned her degree in Business Administration with a concentration in Finance from the University of Notre Dame. Denise relocated to Ponte Vedra Beach, Florida from New Jersey with her husband and four children. In her free time, she enjoys fitness, spending time with family and friends at the beach, and interior design.
Denise earned her degree in Business Administration with a concentration in Finance from the University of Notre Dame. Denise relocated to Ponte Vedra Beach, Florida from New Jersey with her husband and four children. In her free time, she enjoys fitness, spending time with family and friends at the beach, and interior design.
About Alexander Estok
Alex focuses on coordinating alternative investments for qualified clients and conducting client reporting for the team. He prides himself on providing excellent service to clients.
He joined Morgan Stanley in 2018, and holds his Series 7 and Series 66 industry licenses. He is a graduate of Fairfield University with a B.S. degree in Finance and a minor in Economics.
In his spare time, Alex is a fixed-wing pilot and enjoys cooking, golfing, and fishing.
He joined Morgan Stanley in 2018, and holds his Series 7 and Series 66 industry licenses. He is a graduate of Fairfield University with a B.S. degree in Finance and a minor in Economics.
In his spare time, Alex is a fixed-wing pilot and enjoys cooking, golfing, and fishing.
Contact Joseph Karas
Contact Andrew Karas
Contact Brad Backus
Contact Matthew J Tortoso
Wealth Management
Global Investment Office
Portfolio Insights
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
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Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
Funding Climate Action: Pathways for Philanthropy
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Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
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
- Wealth Transfer & Philanthropy
- Private Banking Solutions
- Family Governance & Wealth Education
- Lifestyle Advisory
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Borrowing against securities may not be appropriate for everyone. You should 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.
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.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your 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”) reserves 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 your 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.
2Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Awards Disclosures
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.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your 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”) reserves 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 your 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.
2Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Awards Disclosures
CRC 6295606 (3/2024)
