Victor T. Livingstone
Managing Director, Private Wealth Management, Senior Institutional Consultant
Phone:
(617) 478-6500(617) 478-6500
Morgan Stanley Private Wealth Management
The Livingstone Group
Direct:
(617) 478-6500(617) 478-6500
Our Mission Statement
With over 75 years of collective investment experience, Victor and the Livingstone Group specialize in developing comprehensive investment strategies for both ultra high net worth families and institutional investors
Welcome
Over his 34-year career, Victor has established himself as one of the most experienced wealth advisors in the investment industry. Consistently recognized by financial publications such as Barron’s, Forbes and the Financial Times, Victor was recently ranked as a Top 250 advisor in the nation by Forbes and a Top 1200 Advisor by Barron’s. In addition, Victor was ranked as a Top 10 Advisor in Massachusetts by both Barron’s and Forbes in 2022.
With over 75 years of collective investment experience, Victor and the Livingstone Group specialize in developing comprehensive investment strategies for both ultra high net worth families and institutional investors. His client base includes a focus on entrepreneurs, corporate executives, foundations, endowments, and wealthy families. Their customized investment strategy includes a focus on asset allocation in all the major asset classes, open architecture investment management, and in-depth reporting, all with a long term view towards capital markets.
With over 75 years of collective investment experience, Victor and the Livingstone Group specialize in developing comprehensive investment strategies for both ultra high net worth families and institutional investors. His client base includes a focus on entrepreneurs, corporate executives, foundations, endowments, and wealthy families. Their customized investment strategy includes a focus on asset allocation in all the major asset classes, open architecture investment management, and in-depth reporting, all with a long term view towards capital markets.
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.
Approach
Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
Awards & In The Press
Awards: Forbes
- Top 250 Wealth Advisors: 2016-2021
- Top 15 Best in State Wealth Advisors (Massachusetts): 2018-2022
2016-2018 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded 2016-2018). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of the year the award was issued.
2019-2021 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded 2019-2021). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
Victor's Forbes Page- Top 15 Best in State Wealth Advisors (Massachusetts): 2018-2022
2016-2018 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded 2016-2018). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of the year the award was issued.
2019-2021 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded 2019-2021). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
Awards: Barron's
- Top 1200 Financial Advisors: 2016-2022
- Top 100 Advisors: 2010-2012, 2014
- Top 10 in Massachusetts for 2022
2016-2022 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2016-2022). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2010-2012, 2014 Barron's Top 100 Financial Advisors (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2010-2012, 2014). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
Victor's Barron's Page- Top 100 Advisors: 2010-2012, 2014
- Top 10 in Massachusetts for 2022
2016-2022 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2016-2022). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2010-2012, 2014 Barron's Top 100 Financial Advisors (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) Source: Barrons.com (Awarded 2010-2012, 2014). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
Awards: Financial Times
- FT Top 400 Advisors: 2013-2014, 2019
Press: Victor Featured in Forbes Article (November 2021)
Read the article below where Victor discusses how effective the Federal Reserve's response was to the COVID-19 pandemic.
Read MorePress: Victor Featured in Forbes Article (March 2019)
Read the article below where Victor goes into what he learned from 1987's 'Black Monday' Crash
Read MorePress: Victor Featured in Barron's Article (August 2015)
Read the article below where Barron's highlights Victor's accomplishments as a wealth advisor.
Read MoreClient Resources
Morgan Stanley Online
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Learn MoreLocation
28 State Street 26th
Fl
Boston, MA 02109
US
Direct:
(617) 478-6500(617) 478-6500
Meet The Livingstone Group
Kenneth Sexter
Senior Vice President, Private Wealth Advisor
Phone:
(617) 478-6507(617) 478-6507
Kelly Petherick
Vice President, Consulting Group Analyst
Phone:
(617) 478-6505(617) 478-6505
About Victor T. Livingstone
Victor is a Managing Director with Morgan Stanley’s Private Wealth Management division and has worked in the Investment Industry for 34 years. He and his team joined Morgan Stanley in 2005, and the team has focused on managing assets for both institutional investors and wealthy families: their assets under advisement currently exceed $4 Billion.
Originally from Boston, Victor started his investment career with Merrill Lynch in 1989 and was subsequently promoted to First Vice President of Investments in the Global Wealth Management division, where he worked until 1999. Victor then joined Smith Barney’s Private Client Group in 1999, where he was promoted to Managing Director in 2003.
During his career, Victor has served on several advisory committees to management at both Morgan Stanley and his previous firms. Victor has been honored by Forbes, Barron’s and The Financial Times as one of the top Investment Advisors in the industry.
Victor graduated from the University of Vermont with honors with a BA in Economics in 1987. Victor is a member of the Board of Advisors at the University of Vermont School of Business Administration, The University of Vermont Foundation, and a former Trustee at The Pingree School in South Hamilton, Massachusetts. Victor also sits on several investment committees for non-profit organizations.
Victor lives in the Greater Boston area with his family.
Originally from Boston, Victor started his investment career with Merrill Lynch in 1989 and was subsequently promoted to First Vice President of Investments in the Global Wealth Management division, where he worked until 1999. Victor then joined Smith Barney’s Private Client Group in 1999, where he was promoted to Managing Director in 2003.
During his career, Victor has served on several advisory committees to management at both Morgan Stanley and his previous firms. Victor has been honored by Forbes, Barron’s and The Financial Times as one of the top Investment Advisors in the industry.
Victor graduated from the University of Vermont with honors with a BA in Economics in 1987. Victor is a member of the Board of Advisors at the University of Vermont School of Business Administration, The University of Vermont Foundation, and a former Trustee at The Pingree School in South Hamilton, Massachusetts. Victor also sits on several investment committees for non-profit organizations.
Victor lives in the Greater Boston area with his family.
Securities Agent: MN, DC, TN, ME, DE, WV, WI, TX, OH, NJ, NH, MT, FL, PA, MA, IL, CT, CO, CA, AZ, KY, VA, RI, OK, IA, NY, MD, GA, OR, MI, HI, WA, VT, SD, SC, NC; General Securities Representative; Investment Advisor Representative
About Kenneth Sexter
Kenneth is a Senior Vice President with Morgan Stanley’s Private Wealth Management division and has been advising institutional investors and wealthy families for over 20 years. He is responsible for providing traditional investment advisory and consulting services including asset allocation, investment manager research, performance reporting and solutions.
Since earning his bachelor’s from the University of New York at Albany, Kenneth has held Vice President positions at several firms including Citigroup Smith Barney and Lehman Brothers. He transitioned to Morgan Stanley in 2006 and has been with the Livingstone Group since.
Kenneth is a native of Brookline, MA where he lives with his wife and three children.
Since earning his bachelor’s from the University of New York at Albany, Kenneth has held Vice President positions at several firms including Citigroup Smith Barney and Lehman Brothers. He transitioned to Morgan Stanley in 2006 and has been with the Livingstone Group since.
Kenneth is a native of Brookline, MA where he lives with his wife and three children.
Securities Agent: MI, MA, DE, WV, NJ, FL, OK, NH, IL, MT, ME, CO, KY, VA, TX, NY, HI, CT, CA, WA, OH, GA, SD, SC, OR, NC, MD, IA, DC, AZ, PA, VT, TN, RI, MN; General Securities Representative; Investment Advisor Representative
NMLS#: 1285026
NMLS#: 1285026
About Kelly Petherick
Kelly is a Vice President with Morgan Stanley’s Private Wealth Management division and has worked with The Livingstone Group for the past 20 years. She is responsible for providing client servicing and reporting for high net worth individuals, families, and institutional investors.
A graduate of Brandeis University, Kelly received her BA in Biology and soon after joined Smith Barney as a Senior Registered Associate and Branch Administrator.
Kelly currently resides in Milton, MA with her husband and 2 children.
A graduate of Brandeis University, Kelly received her BA in Biology and soon after joined Smith Barney as a Senior Registered Associate and Branch Administrator.
Kelly currently resides in Milton, MA with her husband and 2 children.
Contact Victor T. Livingstone
Contact Kenneth Sexter
Private Wealth Management
Professional Insights
The GIC Weekly
Wealth Management
Global Investment Office
Portfolio Insights
This is a video content
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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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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We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4Investing 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.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4Investing 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.
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)
