Managing Director, Private Wealth Management, Private Wealth Advisor, Senior Portfolio Management Director, Workplace Advisor - Equity Compensation
Phone:
(212) 296-6039(212) 296-6039
Morgan Stanley Private Wealth Management
The Kline Zemachson Richman Group
Direct:
(212) 296-6037(212) 296-6037
Our Mission Statement
The experienced perspective to help you make smart financial decisions. The resources to put them into action.
Welcome
We are a collaborative team of experienced professionals who serve an elite clientele of highly affluent individuals and families, as well as select foundations and endowments. Our clients are hard-working, highly accomplished people who have created significant wealth and now face complex financial challenges. Our goal is to help them steadily progress towards their objectives by providing the advice and resources they need to make sound financial decisions.
While our practice offers the exceptional service and close relationships you would expect from a multifamily office, we bring more to the table. We provide guided access to the vast global resources of Morgan Stanley. Coordinating efforts with your attorneys, CPAs, managers and other advisors, we offer comprehensive solutions that touch every aspect of your financial life: portfolio management, trusts and estate advisory, philanthropy management, lending solutions, family dynamics—whatever it takes to help you to pursue your vision of a successful life.
We look forward to learning more about you and your family, and to discussing our approach to helping you achieve your goals. To begin that conversation, please contact us.
While our practice offers the exceptional service and close relationships you would expect from a multifamily office, we bring more to the table. We provide guided access to the vast global resources of Morgan Stanley. Coordinating efforts with your attorneys, CPAs, managers and other advisors, we offer comprehensive solutions that touch every aspect of your financial life: portfolio management, trusts and estate advisory, philanthropy management, lending solutions, family dynamics—whatever it takes to help you to pursue your vision of a successful life.
We look forward to learning more about you and your family, and to discussing our approach to helping you achieve your goals. To begin that conversation, please contact us.
Capabilities
- Comprehensive Wealth Planning
- Proprietary Investment Opportunities
- Open-Architecture Platform
- Philanthropy Management
- Sustainable & Responsible InvestingFootnote1
- Cash Management & LendingFootnote2
- 10b5-(1) Programs
- Lifestyle Advisory ServicesFootnote3
- Family Governance & Wealth Education
- Tax, Trust & Estate AdvisoryFootnote4
- Hedging Strategies
- Risk Management
- Pre-Liquidity Planning
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 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- 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, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. 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.
Case Study: The Kline Zemachson Richman Group at Morgan Stanley Private Wealth Management Assists Multigenerational Ultra-High-Net-Worth Family
Client Background: A multigenerational ultra-high-net-worth (UHNW) family with a net worth exceeding $200 million sought comprehensive wealth management services. The family included three generations with diverse financial goals: wealth preservation for the senior family members, philanthropic aspirations for the second generation, and entrepreneurial support for the third generation.
Challenges:
- Wealth Preservation: Helping preserve the family's assets from market volatility and taxation while seeking to maintain steady growth.
- Estate Planning: Helping ensure a seamless transfer of wealth across generations while minimizing estate and gift taxes.
- Philanthropy: Establishing a foundation to align with the family's legacy and values.
- Entrepreneurial Support: Providing funding and mentorship to the third generation's startups without compromising the family's financial stability.
KZR Groups Approach:
- Customized Investment Strategy:
- Developed a diversified portfolio using a blend of public and private market investments to balance growth and risk.
- Incorporated sustainable investing to align with the family's values.
- Leveraged Morgan Stanley's Capital Markets team for tailored structured products to hedge risk during market downturns.
- Estate and Tax Planning:
- Collaborated with estate attorneys and accountants to establish trusts and family limited partnerships, helping optimize tax efficiency.
- Introduced strategies like GRATs (Grantor Retained Annuity Trusts) and gifting programs to reduce taxable estate value.
- Philanthropic Planning:
- Assisted in creating a family foundation to formalize charitable giving.
- Designed a Donor Advised Fund (DAF) for flexible contributions across generations.
- Organized annual family meetings with a philanthropy advisor to align their vision.
- Next-Generation Education:
- Conducted workshops for younger family members on financial literacy, investment management, and entrepreneurship.
- Introduced the third generation to Morgan Stanley's network of venture capitalists and angel investors.
Results:
- Wealth Preservation: The family was positioned for steady portfolio annual growth while managing downside risk.
- Efficient Estate Transfer: Over $100 million transferred tax-efficiently to heirs while maintaining control through trusts.
- Philanthropic Impact: The family foundation donated $10 million in the first two years, supporting education and healthcare initiatives.
- Third-Generation Empowerment: Two startups from the third generation secured funding and mentorship through Morgan Stanley's ecosystem.
Conclusion:
The Kline Zemachson Richman Group at Morgan Stanley Private Wealth Management provided a holistic strategy that addressed the family's immediate and long-term needs. By leveraging our knowledge and experience and the vast resources of the Morgan Stanley, our team helped align the family's legacy, financial success, and aspirations across generations.
This case study is hypothetical and presented for illustrative purposes only. The facts involved do not represent the actual experience of any specific client. Each client's situation is different and a client's experience and any recommendations made to a client will vary depending on the specific facts and circumstances involved. Past performance is no guarantee of future results. These strategies do not guarantee a profit or protect against loss and may not be appropriate for all investors.
This material has been prepared for informational purposes only. It 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") recommends that investors independently evaluate particular investments and strategies and encourages investors to seek the advice of a Morgan Stanley Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives. Past performance is no guarantee of future results.
An investment in Structured Investments is subject to significant risks and may not be appropriate for all investors. These risks can include, but are not limited, to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality; substantial loss of principal; limits on participation in appreciation of underlying asset(s); limited liquidity; credit risk of the issuer; and, conflicts of interest.
Environmental, Social and Governance ("ESG") investments in a portfolio may experience performance that is lower or higher than a portfolio not employing such practices. Portfolios with ESG restrictions and strategies as well as ESG investments may not be able to take advantage of the same opportunities or market trends as portfolios where ESG criteria is not applied. There are inconsistent ESG definitions and criteria within the industry, as well as multiple ESG ratings providers that provide ESG ratings of the same subject companies and/or securities that vary among the providers. Certain issuers of investments may have differing and inconsistent views concerning ESG criteria where the ESG claims made in offering documents or other literature may overstate ESG impact. ESG designations are as of the date of this material, and no assurance is provided that the underlying assets have maintained or will maintain and such designation or any stated ESG compliance. As a result, it is difficult to compare ESG investment products or to evaluate an ESG investment product in comparison to one that does not focus on ESG. Investors should also independently consider whether the ESG investment product meets their own ESG objectives or criteria.
There is no assurance that an ESG investing strategy or techniques employed will be successful. Past performance is not a guarantee or a dependable measure of future results.
Diversification does not guarantee a profit or protect against loss in a declining financial market.
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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
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.
The Morgan Stanley Global Impact Funding Trust, Inc. (MS GIFT) is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. MS Global Impact Funding Trust (MS GIFT) is a donor advised fund. Morgan Stanley Smith Barney LLC provides investment management and administrative services to MS GIFT. Back office administration provided by RenPSG, an unaffiliated charitable gift administrator.
Morgan Stanley Smith Barney LLC. Member SIPC. CRC 4534235 05/2025
Our Clients
A eight-member team, we work to build productive, long-term relationships with a relatively small number of families and institutions. Our clients include professional athletes, C-suite executives, successful business owners, families, nonprofit endowments, and stewards of significant family wealth.
We craft highly customized portfolios that are aligned with their values and supportive of their missions.
We craft highly customized portfolios that are aligned with their values and supportive of their missions.
Professional Athletes
Understanding the unique financial challenges of athletes and entertainers, we deliver the experience and resources you need to create and implement a comprehensive, multigenerational wealth management plan based on your needs, values and aspirations.
Learn More About Global Sports and Entertainment
Families
We work with multiple generations of our clients’ families, helping them create and carry forward their enduring legacies.
C-Suite Executives
Control and restricted securities can offer the flexibility to help achieve a broad range of wealth planning goals. With the assistance of Morgan Stanley specialists, we can help you navigate opportunities to work within regulatory restrictions to unlock value, gain liquidity, diversify your concentrated holdings, and funds estate planning strategies.
Business Owners
Monetizing a privately held company requires seamless coordination of your personal wealth management and business monetization strategies. We can assist you at each state of the process, highlighting key decisions, deadlines and milestones.
Nonprofit Endowments and Charitable Organizations
In addition to our Private Wealth Management clients, we provide investment management solutions to nonprofit endowments and charitable foundations.
Resources and Insights
Wealth Education tor the Next Generation
Understanding the intersection of health and wealth is crucial for long-term prosperity. Join our next Wealth Education for the Next Generation session on July 7th to learn about the importance of integrating health management with financial planning, and why you should be investing in preventative care and cultivating healthy habits.
Disclaimers:
Attendance at this Video Conferencing meeting is through direct invitation by Morgan Stanley Smith Barney LLC (Morgan Stanley).
All attendees should identify if anyone else is present with them at the start of the session so that the meeting organizer is aware of everyone in attendance. Attendees who are joining via a forwarded invitation from someone outside of Morgan Stanley should provide their full name and email address when attending the meeting or excuse themselves from this meeting.
All information, content, products and services discussed during the meeting are intended only for individuals accepted into the meeting and residing in states where the meeting organizer is registered. You may not record, reproduce, publish, or distribute any of the content or materials discussed and/or presented during the meeting without the express written consent of Morgan Stanley.
Any information or content shared by an attendee as a meeting participant (including but not limited to documents or applications) will be visible to all other attendees. Do not share information or content if you do not want it visible to other attendees.
Register HereDisclaimers:
Attendance at this Video Conferencing meeting is through direct invitation by Morgan Stanley Smith Barney LLC (Morgan Stanley).
All attendees should identify if anyone else is present with them at the start of the session so that the meeting organizer is aware of everyone in attendance. Attendees who are joining via a forwarded invitation from someone outside of Morgan Stanley should provide their full name and email address when attending the meeting or excuse themselves from this meeting.
All information, content, products and services discussed during the meeting are intended only for individuals accepted into the meeting and residing in states where the meeting organizer is registered. You may not record, reproduce, publish, or distribute any of the content or materials discussed and/or presented during the meeting without the express written consent of Morgan Stanley.
Any information or content shared by an attendee as a meeting participant (including but not limited to documents or applications) will be visible to all other attendees. Do not share information or content if you do not want it visible to other attendees.
Rise of the Humanoid Economy
Join Wealth Management’s Global Head of Thematic & Macro Investing Ellen Zentner for a fireside chat with Morgan Stanley’s Head of Global Autos and Shared Mobility Research Adam Jonas for a conversation on the rapid transition of artificial intelligence into the physical world.
Register Here
The Risks of Timing the Market
It's critical to avoid emotional investment decisions during periods of market volatility. Learn more about why in Morgan Stanley's latest Market Essentials.
Learn More
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.
Read Here
Morgan Stanley’s 2025 Family Legacy and Governance (FLAG) Institute—Families in Conflict: Where They Go Wrong; How They Could Go Better Series
Please join us for Morgan Stanley’s 2025 Family Legacy and Governance (FLAG) Institute—Families in Conflict: Where They Go Wrong; How They Could Go Better—a virtual educational series designed to assist estate planning attorneys, family office executives, accountants and other wealth management professionals to integrate family governance engagements more effectively into their practices.
Register Here
2025 Fixed Income Outlook
Investors in bond markets should choose carefully this year, considering sectors such as corporate credit, securitized credit and emerging-market debt that may provide relative value and diversification.
Learn More
Money and Marriage for LGBTQ+ Couples: A Financial Checklist
Members of the LGBTQ+ community can face unique financial considerations when tying the knot. With this checklist, I can help you plan for a financially secure life after saying "I do."
Read Here
The Tax Bill and Your Portfolio: Four Takeaways
The “One, Big, Beautiful Bill Act” could extend tax cuts and benefit key equity sectors, but it may also add to U.S. deficits and keep rates higher for longer. Here are four things to know:
Learn MoreLocation
55 East 52nd Street
6th Floor
New York, NY 10055
US
Direct:
(212) 296-6037(212) 296-6037
Meet The Kline Zemachson Richman Group
Managing Director, Private Wealth Management, Private Wealth Advisor, Senior Portfolio Management Director, Workplace Advisor - Equity Compensation
Phone:
(212) 296-6037(212) 296-6037
Managing Director, Private Wealth Management, Private Wealth Advisor, Senior Portfolio Management Director, Global Sports and Entertainment Director, Workplace Advisor - Equity Compensation
Phone:
(212) 296-6038(212) 296-6038
Phone:
(212) 296-1024(212) 296-1024
Doran Chlupsa
First Vice President, Director of Business Strategy
Phone:
(212) 296-6594(212) 296-6594
Philip Scaglione
First Vice President, Director of Investments
Phone:
(212) 296-6952(212) 296-6952
Ylissa Sekuler
Vice President, Business Development Director
Phone:
(212) 296-6951(212) 296-6951
Jake Karp, CFP®*
Wealth Management Analyst
Phone:
(212) 296-6950(212) 296-6950
Ben Langer
Financial Advisor Associate
Phone:
(212) 296-6097(212) 296-6097
Paula Romoff
Associate Vice President, Wealth Management Associate
Phone:
(212) 296-9258(212) 296-9258
About Marcus Kline
Drawing on over 20 years of financial industry experience, Marcus Kline works with a select clientele of ultra high net worth individuals and families, as well as nonprofit organizations and endowments. Thanks to the trust his clients have placed in Marcus and the team, the Kline Zemachson Richman Group has been honored by Forbes as a Best-In-State Wealth Management Team for 2023, 2024, and 2025, in addition to Marcus being recognized as a Forbes Best-In-State Wealth Advisor in 2020 and 2021.
Marcus focuses primarily on asset allocation, retirement planning and education funding, and works with a network of tax and legal professionals to provide multigenerational wealth transfer strategies. Because planning is such an important component of any investment strategy, Marcus and his team go beyond quantitative results and focus on each client’s individual needs, goals and obligations. Marcus pays attention to the details and psychology of each investor—how they think about money and the experiences they’ve had with their previous investments. While building portfolios, he works to gauge risk profiles, and stress-tests his assumptions. These insights provide the framework to help develop the right plan for each client.
Prior to joining Morgan Stanley in 2021, Marcus spent 10 years addressing the needs of affluent families as a Wealth Partner and Managing Director at J.P. Morgan Advisors. He began his wealth management career at Bernstein Global Wealth Management, where he rose to be a Principal of the firm. Earlier in his career, Marcus worked on the New York Mercantile Exchange, gaining skills in the use of options and futures strategies. He graduated from the University of Delaware in 1995 with a B.S. in finance and marketing and a minor in management information services.
Marcus is married with two daughters and lives in Sag Harbor and Sutton Place, New York City, New York. He is active with his synagogue in Sag Harbor. In his free time, he enjoys traveling, playing tennis and biking with his family.
2023, 2024 & 2025 Forbes America’s Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
2020 and 2021 Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020 and 2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Marcus focuses primarily on asset allocation, retirement planning and education funding, and works with a network of tax and legal professionals to provide multigenerational wealth transfer strategies. Because planning is such an important component of any investment strategy, Marcus and his team go beyond quantitative results and focus on each client’s individual needs, goals and obligations. Marcus pays attention to the details and psychology of each investor—how they think about money and the experiences they’ve had with their previous investments. While building portfolios, he works to gauge risk profiles, and stress-tests his assumptions. These insights provide the framework to help develop the right plan for each client.
Prior to joining Morgan Stanley in 2021, Marcus spent 10 years addressing the needs of affluent families as a Wealth Partner and Managing Director at J.P. Morgan Advisors. He began his wealth management career at Bernstein Global Wealth Management, where he rose to be a Principal of the firm. Earlier in his career, Marcus worked on the New York Mercantile Exchange, gaining skills in the use of options and futures strategies. He graduated from the University of Delaware in 1995 with a B.S. in finance and marketing and a minor in management information services.
Marcus is married with two daughters and lives in Sag Harbor and Sutton Place, New York City, New York. He is active with his synagogue in Sag Harbor. In his free time, he enjoys traveling, playing tennis and biking with his family.
2023, 2024 & 2025 Forbes America’s Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
2020 and 2021 Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020 and 2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Securities Agent: MD, MA, IN, IL, GA, WI, TN, OK, IA, AK, DE, WV, VT, PA, NY, NE, MN, MI, KS, FL, DC, AZ, NC, MO, OH, RI, NH, LA, KY, CO, VA, TX, OR, NM, ME, AL, HI, UT, NV, NJ, CT, CA, WA, SC; General Securities Representative; Investment Advisor Representative
NMLS#: 530160
NMLS#: 530160
About Scott Zemachson
Having spent his entire 25-year career in wealth management, Scott Zemachson brings an experienced perspective to the financial needs of ultra high net worth individuals and families, nonprofit organizations and endowments. Working closely with their tax and legal professionals, Scott provides his clients with high-quality advice and integrated wealth management strategies to help simplify and enhance the quality of their lives. Thanks to the trust his clients have placed in Scott and the team, the Kline Zemachson Richman Group has been honored by Forbes as a Best-In-State Wealth Management Team for 2023, 2024 and 2025, in addition to Scott being recognized as a Forbes Best-In-State Wealth Advisor in 2020 and 2021.
Working to gain a nuanced understanding of his clients’ needs and aspirations, Scott leads efforts to create and implement comprehensive wealth management plans that touch virtually every aspect of clients’ financial lives. He calls on his partners in The KZR Group for their insight and experience, while adding to his own skills in investment management, alternative investments, lending and holistic planning. Drawing upon the vast global resources of Morgan Stanley, Scott also provides access to strategic investment opportunities, trusts and estate advisory, lending solutions, philanthropy management and an extensive array of lifestyle advisory services.
Prior to joining Morgan Stanley in 2021, Scott spent 10 years addressing the needs of affluent families as a Wealth Partner and Managing Director at J.P. Morgan Advisors. He began his career at Bernstein Global Wealth Management, where he spent 15 years, and rose to become a principal of the firm. Scott graduated from Pennsylvania State University in 1995 with a B.S. in business management.
Scott is married with three children and lives in Scarsdale, New York. He is also active in several committees for the UJA-Federation of Westchester, where he also served as the former co-chair of Westchester UJA Sports Talk. Scott is the Co-President of the Scarsdale Schools Education Foundation. He is active with the Leukemia & Lymphoma Society, where he served as the former co-chair for Visionaries of the Year. In his free time, he enjoys playing tennis, golf, cooking and coaching his children’s sports teams.
2020 and 2021 Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020 and 2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2023, 2024 & 2025 Forbes America’s Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Working to gain a nuanced understanding of his clients’ needs and aspirations, Scott leads efforts to create and implement comprehensive wealth management plans that touch virtually every aspect of clients’ financial lives. He calls on his partners in The KZR Group for their insight and experience, while adding to his own skills in investment management, alternative investments, lending and holistic planning. Drawing upon the vast global resources of Morgan Stanley, Scott also provides access to strategic investment opportunities, trusts and estate advisory, lending solutions, philanthropy management and an extensive array of lifestyle advisory services.
Prior to joining Morgan Stanley in 2021, Scott spent 10 years addressing the needs of affluent families as a Wealth Partner and Managing Director at J.P. Morgan Advisors. He began his career at Bernstein Global Wealth Management, where he spent 15 years, and rose to become a principal of the firm. Scott graduated from Pennsylvania State University in 1995 with a B.S. in business management.
Scott is married with three children and lives in Scarsdale, New York. He is also active in several committees for the UJA-Federation of Westchester, where he also served as the former co-chair of Westchester UJA Sports Talk. Scott is the Co-President of the Scarsdale Schools Education Foundation. He is active with the Leukemia & Lymphoma Society, where he served as the former co-chair for Visionaries of the Year. In his free time, he enjoys playing tennis, golf, cooking and coaching his children’s sports teams.
2020 and 2021 Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020 and 2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2023, 2024 & 2025 Forbes America’s Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Securities Agent: MA, AZ, WA, VA, HI, VT, NV, MN, IN, TX, TN, RI, OH, MO, IL, IA, GA, CA, SC, NM, NJ, KY, KS, FL, UT, NH, CT, AK, OR, NC, DC, PA, OK, ME, MD, LA, CO, AL, WI, MI, DE, NE, WV, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 530475
NMLS#: 530475
About Todd Richman
Todd Richman brings over two decades of diverse professional experience to the needs of ultra high net worth families and individuals including athletes and entertainers, as well as a select clientele of foundations and endowments. Working to develop an in-depth understanding of each client’s goals and preferences, Todd customizes their portfolios to support their spending, wealth transfer and philanthropic objectives. Thanks to the trust his clients have placed in Todd and the team, the Kline Zemachson Richman Group has been honored by Forbes as a Best-In-State Wealth Management Team for 2023, 2024 and 2025, in addition to Todd being recognized as a Forbes Best-In-State Wealth Advisor in 2020 and 2021.
Todd follows a disciplined, goals-based planning approach to wealth management. He strives to ensure that his clients’ overall investment strategies can provide returns that can help them pursue their long-range plans while accommodating their more pressing daily requirements. Todd places considerable emphasis on tax optimization, and works closely with his clients’ tax advisors and attorneys to help ensure an integrated approach for their overall wealth management plans.
Prior to joining Morgan Stanley, Todd spent 10 years as a Wealth Partner and Managing Director at J.P. Morgan Advisors, focused on the investing and wealth planning needs of ultra high net worth families. He began his wealth management career at Bernstein Global Wealth Management, where he spent nine years. He had previously served as an executive for several not-for-profit organizations and as a political consultant. Todd graduated from West Chester University of Pennsylvania in 1992 with a B.S.Ed. in history and education. He went on to earn an M.P.A. from Baruch College, City University of New York in 1995.
Todd has received multiple honors for his commitment to making his community a better place. He has received the Woodbury Ball for Autism honor (2017), the UJA Federation Robert S. Boas Award (2014), the Cradle of Aviation Museum Don Axinn Community Service Award (2013), and the PSCH Man of the Year Award (2011). Todd currently serves on the boards of the Cradle of Aviation Museum, the Long Island Steering Committee for the UJA Federation, and the Albertson Soccer Club Board of Directors. He lives on Long Island, New York, with his wife and three boys.
2023, 2024 & 2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
2020 and 2021 Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020 and 2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Todd follows a disciplined, goals-based planning approach to wealth management. He strives to ensure that his clients’ overall investment strategies can provide returns that can help them pursue their long-range plans while accommodating their more pressing daily requirements. Todd places considerable emphasis on tax optimization, and works closely with his clients’ tax advisors and attorneys to help ensure an integrated approach for their overall wealth management plans.
Prior to joining Morgan Stanley, Todd spent 10 years as a Wealth Partner and Managing Director at J.P. Morgan Advisors, focused on the investing and wealth planning needs of ultra high net worth families. He began his wealth management career at Bernstein Global Wealth Management, where he spent nine years. He had previously served as an executive for several not-for-profit organizations and as a political consultant. Todd graduated from West Chester University of Pennsylvania in 1992 with a B.S.Ed. in history and education. He went on to earn an M.P.A. from Baruch College, City University of New York in 1995.
Todd has received multiple honors for his commitment to making his community a better place. He has received the Woodbury Ball for Autism honor (2017), the UJA Federation Robert S. Boas Award (2014), the Cradle of Aviation Museum Don Axinn Community Service Award (2013), and the PSCH Man of the Year Award (2011). Todd currently serves on the boards of the Cradle of Aviation Museum, the Long Island Steering Committee for the UJA Federation, and the Albertson Soccer Club Board of Directors. He lives on Long Island, New York, with his wife and three boys.
2023, 2024 & 2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
2020 and 2021 Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020 and 2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Securities Agent: WI, NH, NE, FL, WA, TN, PA, OK, ME, KY, HI, OR, LA, CA, OH, AZ, VT, UT, NY, MI, IN, IL, CT, AL, WV, TX, MO, MN, VA, SC, NV, NJ, GA, NM, NC, MD, KS, IA, AK, MA, DE, RI, DC, CO; General Securities Representative; Investment Advisor Representative
NMLS#: 879660
NMLS#: 879660
About Thomas Strackhouse
Tom joined Morgan Stanley in 2022 after spending three years at Merrill Lynch managing a team of financial advisors. He leverages twelve years of industry experience. He works with a select group of executives, entrepreneurs, and athletes who are facing new risks and opportunities based on their career success. His objective is to help clients identify and realize their financial goals. Tom has also developed a significant practice working with emerging technology executives. He appreciates the dedication and hard work that clients have exercised to advance their respective professions and applies the same discipline to helping clients manage their unique financial lives while they are at the peak of their careers and beyond.
Tom spent time in Switzerland and Italy playing professional soccer before he started his professional career as a Financial Advisor. He remains deeply involved in sports and the New York City soccer community where he was the captain of the New York Athletic Club. Tom maintains his Series 7, 63, and 65 licenses. He graduated from The Questrom School of Business at Boston University where he also played four years of Varsity Soccer. Tom resides in Hoboken, NJ with his family and dog.
Tom spent time in Switzerland and Italy playing professional soccer before he started his professional career as a Financial Advisor. He remains deeply involved in sports and the New York City soccer community where he was the captain of the New York Athletic Club. Tom maintains his Series 7, 63, and 65 licenses. He graduated from The Questrom School of Business at Boston University where he also played four years of Varsity Soccer. Tom resides in Hoboken, NJ with his family and dog.
Securities Agent: MI, HI, WV, WI, PA, NC, IA, VA, TN, NM, CO, AL, WA, TX, ME, LA, KY, IN, DE, AZ, UT, MD, OR, GA, FL, OK, MN, MA, KS, IL, VT, NV, NE, MO, CT, SC, NY, NJ, DC, CA, AR, NH, AK, RI, OH; General Securities Representative; Investment Advisor Representative
NMLS#: 1824828
NMLS#: 1824828
About Doran Chlupsa
Doran P. Chlupsa, First Vice President, is a Director of Business Strategy for the Kline Zemachson Richman Group. He brings 25 years of experience, all with Morgan Stanley working alongside Financial Advisors to develop custom financial and investment plans for individual and Institutional clients.
In his current position, he acts as the teams Chief Operating Officer drawing on his vast experience across all divisions of Morgan Stanley to uncover client needs and assist in educating and delivering the required solution. He was previously the Associate Complex Manager of the 5th Avenue Complex, where he supported the Complex’s Financial Advisors on strategies to grow and deliver a modern wealth management practice. Prior to his role on the Complex management team, Doran was a Consulting Group Regional Director where he leveraged Morgan Stanley’s intellectual capital and investment advisory research in portfolio construction for advisory clients. Before his regional role, he was the Associate Program Manager of the Portfolio Management Group assisting with platform, technology, and business development. His earliest roles focused on professional development and education related to retirement accounts and financial planning desktop applications.
A graduate of King’s College, Doran holds a B.S. in Business Admiration and Marketing. Doran resides in New York City with his wife and their three daughters. He is active with his Church community and enjoys coaching youth sports.
In his current position, he acts as the teams Chief Operating Officer drawing on his vast experience across all divisions of Morgan Stanley to uncover client needs and assist in educating and delivering the required solution. He was previously the Associate Complex Manager of the 5th Avenue Complex, where he supported the Complex’s Financial Advisors on strategies to grow and deliver a modern wealth management practice. Prior to his role on the Complex management team, Doran was a Consulting Group Regional Director where he leveraged Morgan Stanley’s intellectual capital and investment advisory research in portfolio construction for advisory clients. Before his regional role, he was the Associate Program Manager of the Portfolio Management Group assisting with platform, technology, and business development. His earliest roles focused on professional development and education related to retirement accounts and financial planning desktop applications.
A graduate of King’s College, Doran holds a B.S. in Business Admiration and Marketing. Doran resides in New York City with his wife and their three daughters. He is active with his Church community and enjoys coaching youth sports.
About Philip Scaglione
Drawing on 15 years of professional investing experience, Phillip Scaglione provides analytical and administrative support for the team’s ultra high net worth clients. Philip’s responsibilities include preparing financial reports, distributing research, executing trades and money movements.
After graduating from SUNY New Paltz School of Business with an MBA in finance in 2006, Phillip began his financial services career at ALX Energy as an analyst. He moved to DRW Holdings in 2008, where he spent nine years working his way to becoming a portfolio manager on the investment team. At DRW, he built a reputation for attention to detail while sharpening his professional skills. Philip joined J.P. Morgan in 2018 and moved with the team to Morgan Stanley in 2021.
Active in his community, Philip spends time mentoring children at True Mentors, an organization that helps provide positive role models to children. He is also an active member of the Greek Orthodox community of Southampton, New York, where he lives with his wife and two young children.
After graduating from SUNY New Paltz School of Business with an MBA in finance in 2006, Phillip began his financial services career at ALX Energy as an analyst. He moved to DRW Holdings in 2008, where he spent nine years working his way to becoming a portfolio manager on the investment team. At DRW, he built a reputation for attention to detail while sharpening his professional skills. Philip joined J.P. Morgan in 2018 and moved with the team to Morgan Stanley in 2021.
Active in his community, Philip spends time mentoring children at True Mentors, an organization that helps provide positive role models to children. He is also an active member of the Greek Orthodox community of Southampton, New York, where he lives with his wife and two young children.
About Ylissa Sekuler
Ylissa Sekuler is principally responsible for the smooth running of the team’s daily activities. Among her many responsibilities, she oversees client service, operations and administrative procedures for the team’s ultra high net worth clients. Ylissa’s versatility, problem-solving capabilities and issue-resolution skills provide guidance and clarity for the team’s clients, and contribute to an outstanding overall service experience.
Ylissa graduated from the University of Michigan with a Bachelor of Business Administration. She began her career as a Foreign Exchange trader and worked at a number of large institutions, Credit Suisse, Bear Stearns and JP Morgan. She joined the KZR team in 2016.
Ylissa resides in New York City and in her free time enjoys exploring Manhattan and spending time with her family and close friends. This has earned her the nickname “The NYC Concierge” to all that know her.
Ylissa graduated from the University of Michigan with a Bachelor of Business Administration. She began her career as a Foreign Exchange trader and worked at a number of large institutions, Credit Suisse, Bear Stearns and JP Morgan. She joined the KZR team in 2016.
Ylissa resides in New York City and in her free time enjoys exploring Manhattan and spending time with her family and close friends. This has earned her the nickname “The NYC Concierge” to all that know her.
About Jake Karp
As a senior member of The Kline Zemachson Richman Group, Jake plays a key role in delivering personalized financial planning and exceptional client service for high-net-worth individuals and families. Utilizing his Certified Financial Planner™ (CFP®) designation*, earned in July 2023, Jake designs tailored financial plans to help clients achieve their short- and long-term goals. He also leads initiatives to foster financial education and literacy among clients’ family members through the team’s Next Gen program, helping financial confidence across generations.
Jake began his career at Chase Bank in New York City, where he was recognized in the President’s Club as a top-ranked banker. In 2020, he joined The KZR Group at JPMorgan and helped lead the team’s successful transition to Morgan Stanley in 2021.
Jake graduated from Indiana University with a B.S. in Management and a Minor in Business from the Kelley School of Business. He holds the FINRA Series 7, 6, and 63 licenses.
Jake resides in New York City and enjoys cooking, exercising, and spending time with family and friends. In 2024, he proudly ran the NYC Marathon for charity, combining his passion for fitness with giving back to the community.
*This role cannot solicit or provide investment advice
Jake began his career at Chase Bank in New York City, where he was recognized in the President’s Club as a top-ranked banker. In 2020, he joined The KZR Group at JPMorgan and helped lead the team’s successful transition to Morgan Stanley in 2021.
Jake graduated from Indiana University with a B.S. in Management and a Minor in Business from the Kelley School of Business. He holds the FINRA Series 7, 6, and 63 licenses.
Jake resides in New York City and enjoys cooking, exercising, and spending time with family and friends. In 2024, he proudly ran the NYC Marathon for charity, combining his passion for fitness with giving back to the community.
*This role cannot solicit or provide investment advice
About Ben Langer
Ben Langer is a Financial Advisor at Morgan Stanley Private Wealth Management. He joined The Kline Zemachson Richman Group in January 2022 as a Registered Client Service Associate where he provided the team’s ultra high net worth clients with an outstanding level of service, compassion and care. Ben’s responsibilities include wealth/allocation analysis, all client requests, and supporting the team’s daily operations.
Ben graduated from the S.I. Newhouse School of Public Communications at Syracuse University with a B.S. in the Music & Entertainment Business. He began his career at J.P. Morgan Chase as a Relationship Banker in New York City, developing skills and rapport that are essential to provide a positive client experience.
Ben was born and raised in New York City, where he currently resides and enjoys traveling, skiing and spending time with his friends and family in his free time. Ben currently holds his Series 7, 6, 63 and 65 licenses.
Ben graduated from the S.I. Newhouse School of Public Communications at Syracuse University with a B.S. in the Music & Entertainment Business. He began his career at J.P. Morgan Chase as a Relationship Banker in New York City, developing skills and rapport that are essential to provide a positive client experience.
Ben was born and raised in New York City, where he currently resides and enjoys traveling, skiing and spending time with his friends and family in his free time. Ben currently holds his Series 7, 6, 63 and 65 licenses.
About Paula Romoff
Paula brings over 20 years of financial services experience to the Kline Zemachson Richman Group. Her experience brings a heightened focus on delivering exceptional client service. Paula is known for her ability to address the most unusual or complex
inquiries with ease and professionalism.
inquiries with ease and professionalism.
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The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Megan Auslaender
Private Banker
Angelo Loumbas
Family Office Resource Generalist
Mary Beth Powers
Trust Specialist
About Megan Auslaender
Megan Auslaender is a Private Banker serving Morgan Stanley Wealth Management offices in New York City.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Megan began her career in financial services in 2007 and joined Morgan Stanley in 2010 as a Wealth Management Associate. Prior to being promoted to her current position, she served as an Associate Private Banker in New York and Massachusetts. Before she joined the firm, she was a Registered Sales Assistant for Johnston, Lemon & Company Inc. in
Washington, DC.
Megan is a graduate of the Pennsylvania State University where she received a Bachelor of Science in Economics. She lives in Manhattan with her husband and two daughters. Outside of the office, she enjoys spending time with her family, exploring the city, and traveling.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Megan began her career in financial services in 2007 and joined Morgan Stanley in 2010 as a Wealth Management Associate. Prior to being promoted to her current position, she served as an Associate Private Banker in New York and Massachusetts. Before she joined the firm, she was a Registered Sales Assistant for Johnston, Lemon & Company Inc. in
Washington, DC.
Megan is a graduate of the Pennsylvania State University where she received a Bachelor of Science in Economics. She lives in Manhattan with her husband and two daughters. Outside of the office, she enjoys spending time with her family, exploring the city, and traveling.
NMLS#: 1418876
About Angelo Loumbas
Angelo is the Family Office Resources Generalist for Family Office Resources in the New York Metro and New England regions. Angelo provides specialized knowledge to ultra-high net worth clients and their Morgan Stanley Financial Advisors across a broad range of family wealth management issues, including family governance/dynamics, wealth education, strategic estate and financial planning, philanthropy management, lifestyle advisory and customized asset allocation and portfolio construction. Angelo has over twenty-five years experience advising wealthy families, business owners, and philanthropic organizations.
Originally from Chicago, Angelo practiced law for 15 years and represented ultra-high net worth clients and the businesses they owned, as well as major philanthropic organizations. Angelo is admitted to the Society of Trust and Estate Practitioners. He has spoken on topics such as “Conditions Suggesting a Management Buyout” before the Chicago Bar Association Corporation and Business Law Committee, “Tax Consequences of Intra-Family Loans,” before the Chicago Bar Association Trust Law Committee, and “Conversations about Wealth and Philanthropy with Prospective Donors” before the Chicago Council on Planned Giving.
Prior to rejoining Morgan Stanley in his current position in 2018, Angelo advised wealthy clients in the financial services industry for 10 years, first as a Wealth Strategist with US Trust in Chicago, then a Wealth and Estate Planning Specialist within Family Office Resources in Chicago, and finally as a Senior Wealth Planning Strategist for the Wells Fargo Private Bank in Greenwich, Connecticut. Angelo earned his B.A. from DePauw University, his M.B.A. from the University of Notre Dame, and his law degree from Indiana University at Bloomington. He is Series 7, 66 and 24 licensed. Angelo served as President of the Rotary Club of Chicago (“ROTARY/One”), the world’s first Rotary club, in 2009-2010, and now lives in Armonk, New York with his wife, a native New Yorker, and their two children.
Originally from Chicago, Angelo practiced law for 15 years and represented ultra-high net worth clients and the businesses they owned, as well as major philanthropic organizations. Angelo is admitted to the Society of Trust and Estate Practitioners. He has spoken on topics such as “Conditions Suggesting a Management Buyout” before the Chicago Bar Association Corporation and Business Law Committee, “Tax Consequences of Intra-Family Loans,” before the Chicago Bar Association Trust Law Committee, and “Conversations about Wealth and Philanthropy with Prospective Donors” before the Chicago Council on Planned Giving.
Prior to rejoining Morgan Stanley in his current position in 2018, Angelo advised wealthy clients in the financial services industry for 10 years, first as a Wealth Strategist with US Trust in Chicago, then a Wealth and Estate Planning Specialist within Family Office Resources in Chicago, and finally as a Senior Wealth Planning Strategist for the Wells Fargo Private Bank in Greenwich, Connecticut. Angelo earned his B.A. from DePauw University, his M.B.A. from the University of Notre Dame, and his law degree from Indiana University at Bloomington. He is Series 7, 66 and 24 licensed. Angelo served as President of the Rotary Club of Chicago (“ROTARY/One”), the world’s first Rotary club, in 2009-2010, and now lives in Armonk, New York with his wife, a native New Yorker, and their two children.
About Mary Beth Powers
Mary Beth Powers is Executive Director and Trust Specialist for Morgan Stanley covering the New York Metro region, responsible for presenting Morgan Stanley’s third-party trustee partner platform to Morgan Stanley Wealth Management Financial Advisors, clients and prospects. Leveraging the capabilities of our trust company partners, Mary Beth assists to identify appropriate fiduciary solutions, which are essential to the management, preservation and transfer of accumulated wealth. This process includes coordination with the client’s financial, legal and tax advisors to ensure proper trust planning implementation.
Mary Beth has worked in the trust and estate services industry for over thirty years, primarily handling trust new business opportunities. Before joining Morgan Stanley, Mary Beth spent ten years as a senior vice president and regional trust specialist with Citigroup Trust in NYC.
Mary Beth received a Bachelor of Science from Seton Hall University, South Orange, New Jersey and is Series 7 and 63 licensed. She resides with her husband and family in Blauvelt, New York.
Mary Beth has worked in the trust and estate services industry for over thirty years, primarily handling trust new business opportunities. Before joining Morgan Stanley, Mary Beth spent ten years as a senior vice president and regional trust specialist with Citigroup Trust in NYC.
Mary Beth received a Bachelor of Science from Seton Hall University, South Orange, New Jersey and is Series 7 and 63 licensed. She resides with her husband and family in Blauvelt, New York.
Wealth Management
Global Investment Office
Portfolio Insights
Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
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.
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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We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.
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
3Morgan Stanley Smith Barney LLC (the “Firm”) and its affiliates do not currently offer the services provided by this Service Provider(s). The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s). The Firm makes no representations regarding the appropriate or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers for comparative purposes. If you choose to contact the Service Provider(s), do thorough due diligence, and make your own independent decision.
4Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards 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
1Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.
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
3Morgan Stanley Smith Barney LLC (the “Firm”) and its affiliates do not currently offer the services provided by this Service Provider(s). The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s). The Firm makes no representations regarding the appropriate or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers for comparative purposes. If you choose to contact the Service Provider(s), do thorough due diligence, and make your own independent decision.
4Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards 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 4237142 (02/2025)
