Welcome

The strength of The Mergner Group at Morgan Stanley comes from our cohesive team approach leveraged by experience. Collectively, the three Financial Advisors in our group – Thomas Mergner, Scott Mergner and Micheal Lipshultz – have more than 50 years of combined industry experience. Our roots first manifested themselves in 1957, when now-retired Financial Advisor John G. Mergner, Sr. began guiding families and businesses toward their financial futures. John’s son, Tom, became a Financial Advisor in 1991, and his grandson, Scott, followed suit in 2015, making them the second and third generations of the Mergner family to devote themselves to guiding you through your accumulation, preservation and transfer of wealth. Mike and Tom began working together over twenty years ago, laying the groundwork for the team that exists today. We help you achieve your goals by always holding your best interest paramount. We look forward to working with you and your family.
Services Include
  • 401(k) Rollovers
  • 529 Plans1
  • Alternative Investments2
  • Annuities3
  • Asset Management4
  • Business Planning5
  • Business Succession Planning6
  • Cash Management7
  • Estate Planning Strategies8
  • Life Insurance9
  • Retirement Planning10
Check the background of Our Firm and Investment Professional on FINRA's BrokerCheck.*

Working With You

You’ve worked hard to put down roots and build a strong financial foundation for the future. The Mergner Group at Morgan Stanley works just as hard on your behalf, helping you grow and preserve your wealth so you can create the future you want for yourself and your family.

We have developed and refined a process that is centered around multi-generational wealth accumulation and preservation. In addition to providing access to the full range of financial services offered at Morgan Stanley, we create a comprehensive financial plan that helps put the pieces of your puzzle into place so that as your life unfolds, the plan evolves. We also serve as a hub, coordinating with your other professional advisors to integrate all aspects of your financial life into a cohesive whole.

The cornerstones of our strong heritage in the financial services industry are our goal-based approach to wealth management and our commitment to getting to know our clients on a deep personal level. It is only by understanding your needs, goals and values that we are able to make recommendations and offer ideas that we believe can bring you closer to achieving what matters to you most.

    Location

    7500 Old Georgetown Rd
    10th Fl
    Bethesda, MD 20814
    US
    Direct:
    (301) 657-6300(301) 657-6300
    Toll Free:
    (800) 455-6622(800) 455-6622

    Meet The Mergner Group

    About Me

    Micheal Lipshultz is a First Vice President, Financial Planning Specialist, and Financial Advisor for The Mergner Group at Morgan Stanley.  He focuses on asset allocation, risk review, and retirement planning strategies for individuals, families, and institutions. Mike's dedication to the financial services industry which began in 1992 has shaped his knowledge of risk review, asset allocation and retirement planning. This knowledge helps Mike advise you and those you care about in achieving financial goals. Mike currently holds a variety of licenses including the Series 7,31,63,65 as well as those in health and life insurance. 

    A D.C. area native, Mike spent the majority of his formative years travelling and living around the globe. This includes time spent in the Midwest, on the West Coast, as well as in Europe and Asia.  Mike returned home to graduate from John F. Kennedy H.S. in Silver Spring. Mike then earned a B.S. in Finance from the University of Maryland at College-Park.  

    Mike has been married to his wife, Dawn, since 1997 and they have two daughters. When he isn’t at the office you can find Mike volunteering at his girl’s schools, on a hiking trail or playing his five string banjo.

    Micheal.S.Lipshultz@morganstanley.com
    301-657-6322
    Securities Agent: AK, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, LA, MA, MD, ME, MI, MN, MO, MS, NC, NH, NJ, NM, NV, NY, OH, PA, RI, SC, TN, TX, VA, VT, WA, WV; Investment Advisor Representative; General Securities Representative
    NMLS#: 1262310

    About Me

    Thomas Mergner is a Managing Director, Senior Portfolio Management Director, and Financial Advisor for The Mergner Group at Morgan Stanley.  He focuses on investment research, portfolio management, and developing comprehensive financial planning strategies. As a licensed investment professional for more than 20 years, Tom has dedicated himself to listening and learning about individuals and corporations to better serve their financial needs. Tom focuses on both growth and fixed income portfolios.  In addition, Tom holds Series 7, 63, 65 security licenses as well as those in health and life insurance. Tom holds distinctions and awards in addition to being named a Managing Director in 2015 such as the 2011 President’s Club Member, Chairman’s Club Member 2012, and is a Director’s Club Member - 2012 within Morgan Stanley.

    A resident of the Washington, DC metro area his entire life, Tom attended Walt Whitman H.S. He earned a B.S. and B.A. from The American University in Washington D.C. concentrating in the fields of Real Estate and Urban Development and a dual-minor in Finance and Economics.

    Tom has been married to his wife Stacey since 1991 and they have two sons. When not at the office Tom enjoys spending time restoring classic cars, fishing and golfing. Tom is also an active participant in fundraising events through medical charities as well as education and athletic programs.  

    Thomas.S.Mergner@morganstanley.com
    301-657-6359
    Securities Agent: AK, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, LA, MA, MD, ME, MI, MN, MO, MS, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, SD, TN, TX, VA, VT, WA, WV; Investment Advisor Representative; General Securities Representative
    NMLS#: 1261871

    About Me

    Scott Mergner is a Financial Planning Specialist and Financial Advisor for The Mergner Group at Morgan Stanley.  He focuses on investment research and financial planning services.  Scott first began his career at Morgan Stanley in 2012 where he joined The Mergner Group at Morgan Stanley, making him the third generation to commit himself to developing long term relationships with clients and families through wealth management.  Scott has made it his priority to implement the newest technology and platforms offered by Morgan Stanley to best suit individual needs and goals.  Scott currently holds Series 7 and 66 security licenses as well as those in health and life insurance.

    Scott is a graduate of Georgetown Preparatory H.S. in North Bethesda, MD.  He graduated from Amherst College in Amherst, MA where he majored in English and co-captained the un-defeated NESCAC Championship football team.  Scott spends most of his spare time supporting his fellow teammates, staying in shape, or restoring classic cars with his father Tom and younger brother Tyler.    

    Scott.Mergner@morganstanley.com
    301-657-6338
    Securities Agent: AK, AL, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, ND, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, VA, VT, WA, WI, WV; Investment Advisor Representative; General Securities Representative
    NMLS#: 1446202

    About Me

    Jeffrey Garner is a Registered Associate for The Mergner Group at Morgan Stanley with over 15 years of experience in the financial industry.  He runs the multifaceted functions of providing superior client service for The Mergner Group at Morgan Stanley.  Jeff’s client relationships stretch three generations of The Mergner Group at Morgan Stanley.  As a registered team member, Jeff’s duties expand beyond ensuring smooth account transfers, opening, and management.   In addition, Jeff holds Series 7, 63 and 65 licenses.

    Jeff is a Maryland native where he attended Thomas Stone H.S.  and Towson University where he studied finance.   Jeff currently resides in Silver Spring, MD and spends much of his time out of the office on the golf course as well as attending local D.C. sporting events.

    Jeffrey1.Garner@morganstanley.com
    301-657-6306

    About Me

    Claire Dunlay is a Client Service Associate with The Mergner Group at Morgan Stanley.  She plays a key role on the team in her day to day activities as she manages the service and operational aspects of the client experience.  Since joining the team, Claire has been instrumental in the success of managing clients’ ever changing needs and concerns.   

    A Current resident of Washington, DC, Claire grew up in Columbia, MD where she attended Long Reach H.S.  She is a graduate of Catholic University in Washington, D. C. where she majored in Drama and Secondary Education.  Claire is a passionate sports fan and in her spare time can be found cheering on her favorite local team, The Baltimore Ravens.  

    Claire.Dunlay@morganstanley.com
    301-664-6877

    About Me

    Ayaz joined the Mergner Group in January 2017, focusing on helping the Portfolio Manager with portfolio construction & analysis that is customized and specific to clients’ goals, aspirations and legacy.  In addition, as a fully licensed staff member, he helps in the execution of client trades and provides timely market research on topics of interest to our clients. 

    Ayaz attended Wilde Lake H.S. and graduated from Towson University with a B.S. in Business Administration with a concentration in finance.  From there, he began his career at Citi Smith Barney as a Consulting Group Analyst for an institutional consulting team that worked with educational endowments and family foundations. He holds his Series 7 & 66 licenses.   In 2018 Ayaz earned the Certified Investment Management Analyst® (CIMA®) designation, administered by the Investments & Wealth Institute™ and taught in conjunction with Yale School of Management.  He is a member of the Investments & Wealth Institute.

    A local product of Maryland, he grew up and still lives in Columbia.  During his free time Ayaz enjoys bowling, playing basketball, spoiling his 3 nephews, and giving back to the local community through volunteer work. 
    Investment and Market Perspectives

    On the Markets

    Retirement

    Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
    • 401(k) Rollovers
    • IRA Plans
    • Retirement Income Strategies
    • Retirement Plan Participants
    • Annuities
    The Simple Six-Step Retirement Checkup

    The Simple Six-Step Retirement Checkup

    Given market volatility in 2018, checking in on your retirement plan may be one of the wisest New Year’s resolutions you can make.

    Investing

    Working closely with you to guide your wealth and investments through the most challenging market cycles.
    • Asset Management
    • Wealth Planning
    • Traditional Investments
    • Alternative Investments
    • Impact Investing
    Five Smart Strategies to Use a Bonus or Raise

    Five Smart Strategies to Use a Bonus or Raise

    Have extra money coming in? Here are ways to put your money to work for you now, so you can reap the rewards down the road.

    Family

    Creating customized financial strategies for the challenges that today's families face.
    • Estate Planning Strategies
    • 529 Plans / Education Savings Planning
    • Long Term Care Insurance
    • Special Needs Planning
    • Trust Services
    Financial Transition: A Guide for Women

    Financial Transition: A Guide for Women

    Here's how to take control of your finances if a death or divorce leaves you holding the reins.

    Business Planning

    Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
    • Succession Planning
    • Business Planning
    • Retirement Plan Sponsors
    • Qualified Retirement Plans
    • Corporate Pension Funds
    6 Keys to Building a Startup

    6 Keys to Building a Startup

    Entrepreneurs share ideas and learnings from the experience of starting a company.

    Philanthropy

    Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
    • Endowments
    • Foundations
    • Donor Advised Funds
    • Impact Investing
    A New Roadmap for Mission Alignment

    A New Roadmap for Mission Alignment

    Non-profits, foundations and endowments need to ensure that their sources of capital are in sync with their stated goals.

    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.
    Art as An Asset
    CRC 2274738 01/19

    Art as An Asset

    Art may play a significant role in the context of a collector's overall wealth. Generally, a collector may differentiate financial assets, including stocks, bonds and real estate, from other possessions, such as art.

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    Access Morgan Stanley Online

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    Ready to start a conversation? Contact The Mergner Group today.
    Market Information Delayed 20 Minutes
    1Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

    2Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are suitable only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.

    3Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

    4Morgan 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.

    5Morgan 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.

    6Morgan 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.

    7Morgan 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

    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.

    9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

    10Morgan 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.

    The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.

    Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link: https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.

    The securities/instruments, services, investments and investment strategies discussed in this material may not be suitable for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

    Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.

    The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.

    *References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.


    CRC 2019752 10/2018