

The McNew Penno Group at Morgan Stanley

Our Mission Statement
Our Mission Statement
This is where we come in.
With the guidance of experienced advisors, a team with both the understanding of your diverse needs and the access and ability to leverage customized programs, we strive to help make sense of the complexity and to provide you with strategies to navigate.
At the McLain, McNew, Penno Group, we focus on what is most important to you and provide the skills, sophisticated strategies and world-class resources needed to make informed, confident decisions about your life, family, and finances.
Who We Serve
Individuals and families seeking trusted financial counsel.
Why We Serve
Because we love participating in our client's lives and helping them achieve their goals.
How We Serve
With a passion for doing what is right.
- Professional Portfolio ManagementFootnote1
- Financial PlanningFootnote2
- Exchange Traded FundsFootnote3
- Retirement PlanningFootnote4
- Lending Products
- Trust Services*
- Wealth ManagementFootnote5
- Endowments and FoundationsFootnote6
- Cash ManagementFootnote7
- Estate Planning StrategiesFootnote8
- Executive Financial ServicesFootnote9
Approach

Plan with Confidence

For many business owners, the eventual sale of their business is a transaction of a lifetime, representing an integral part of their overall financial planning. Decision making can be emotionally taxing before, during and after this process. In our experience, a strong team of advisors can lead to increased probability of successful financial and non-financial outcomes. Though it may seem obvious that leaving enough time to plan and having an adequate plan in place are two key factors in determining transition success, only 27% of business owners say they have a robust business succession plan. As with the rest of your finances, it is important to construct a roadmap for your business and ensure that it is aligned with your personal aspirations.
Source: https://www.businesswire.com/news/home/20230321005177/en/New-Survey-Explores-State-of-U.S.-Family-Owned-Businesses
Investment Strategy
After the sale of your business, your finances will likely carry a different look. You may have more cash at your disposal to invest and your continued exposure to your business may lead to future payments. Depending on your equity in the business, it may be worth considering ways to mitigate concentration risk. We can discuss diversification, strategic selling, and gifting.
Risk Management
Through this process, it's important to consider how to protect your wealth. Part of the equation may include tailoring your insurance coverage to better reflect your new circumstances. The ownership structure of your assets, using trusts, and using a strategic insurance program could be beneficial in your overall financial plan.
Estate Planning
Planning for what happens when after you're gone is key to protecting your legacy. After transition, consider creating or updating your estate plan. We can discuss durable financial powers of attorney, a trusted person who can act on your behalf to ensure financial matters are taken care of, a last will to help articulate your wishes, and a trust to help you further describe how you would like your wealth to be handled.
Location
Meet The McNew Penno Group
About Brian Michael McNew
Brian graduated from Washington College with a BA in Business Administration. Personally, he has been married for 16 years and has three boys and a girl. Away from the office, he enjoys spending quality time with the family, fishing and boating.
Details:
14 Years with Morgan Stanley
Washington College, B.A.
NMLS#: 1255362
CA Insurance License #: 0E46528
About Leland Penno
Leland graduated from Messiah College with a BS in Business Administration. With the firm, he primarily focuses on discretionary management of taxable and tax-exempt accounts, value based individual equity selections, and family wealth strategies. Away from the office, he enjoys spending time with his family and is actively involved with his church. Leland is also an avid Baltimore sports fan and enjoys hunting and fishing.
Details:
19 Years with Morgan Stanley
Messiah College, B.S.
NMLS#: 1552211
About Alice Slopow
She holds a B.S. in Business Administration with a focus on Banking and Finance from Bowie State University. In her free time, Alice loves spending time with her family and close friends.

Contact Brian Michael McNew

Contact Leland Penno
Portfolio Insights
Retirement
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Philanthropy
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
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2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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8Morgan 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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or 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 legal matters.
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