Douglas MacPhail, CFP®
Senior Vice President, Financial Advisor, Senior Portfolio Management Director, CERTIFIED FINANCIAL PLANNER®
Phone:
(412) 434-8527(412) 434-8527
The Pittsburgh Group at Morgan Stanley
Our Mission Statement
Working with you to help preserve and grow wealth for your long-term goals
Our Story and Services
The Pittsburgh Group is a Wealth Management team located in Pittsburgh, PA which consists of three Financial Advisors, Doug MacPhail, Mac Mathison, and Eddie Watters, and a Portfolio Associate, Lisa Williams. As your portfolio has grown, so too has its complexity and the resources needed to manage it. As Financial Advisors, we have the knowledge, experience, and commitment necessary to manage your investments on an ongoing, fully discretionary basis, providing you with objective advice on critical financial matters. Working closely with you, we will develop an investment strategy focused clearly on your objectives — one that reflects your lifestyle expectations, cash flow needs, risk tolerance and aspirations for your family. From there, we will help you build a portfolio informed by the resources and insight available from Morgan Stanley, one of the world’s largest financial firms. When you look at wealth management from a long-term perspective, one thing becomes clear: it’s your future, not just your money. And over time, we can help you navigate the noise and distractions of challenging markets, providing a disciplined sense of focus on what’s most important — your progress toward your goals.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Community Involvement
As a team, we feel as though it is our responsibility to give back to our local communities. Here are a few organizations that we are involved with:
Doug
o Mentoring Partnership of Southwestern Pennsylvania, Honor Board Member
o The Crohn's and Colitis Foundation of Western Pennsylvania, Emeritus Board Member
o The Rachel Carson Trails Conservancy, Member & Volunteer
o Outreached Arms, Volunteer
o The Crohn's and Colitis Foundation of Western Pennsylvania, Emeritus Board Member
o The Rachel Carson Trails Conservancy, Member & Volunteer
o Outreached Arms, Volunteer
Mac
o Arsenal Family and Children's Center, Board Member
Eddie
o The Neighborhood Academy, Board Member
Lisa
o First Presbyterian Church, Member at Large
o Outreached Arms, Board Member
o Outreached Arms, Board Member
Creating Your Plan
To be truly effective, your plan must reflect the totality of your personal and financial life. Our role is to help ensure that your investment objectives are consistent with your financial concerns and your long-term goals.
Discovery
Our team would like to get to know you. At the onset, we will gather information about your current financial position. This includes your present investments, liabilities, social security and retirement plan projections. We will work to understand your current and future budgetary needs including your cost of living, major asset purchases, charitable giving and estate planning. This information will enable us to create your personalized “LifeView Financial Plan”.
Setting Goals
In our experience, most of our clients want to be confident that their investments will last their lifetime and that there will be a level of wealth to pass on to the next generation and/or charitable organizations. Other goals often include funding family educational needs, a second home purchase, eliminating debt and quality of life events (travel, weddings and other discretionary purchases). We will work with you to refine your financial goals and will utilize the projections in your personalized LifeView Financial Plan to determine if your goals can be achieved in the planned time horizon, or if other strategic actions need to be taken to close the gap.
Risk Tolerance
The longer life expectancies which we are enjoying dictate an extended time frame for investment strategies. However, preservation of principal and current cash flow remain key to any strategy. We will help you assess your risk tolerance which will lead to an asset allocation strategy for your portfolio. We believe that diversification between and within asset classes is an important component of asset allocation.
Creating & Implementing Your Strategy
After reviewing the financial plan results, our team will create a custom portfolio for your review and approval. The type and number of your investments will be dictated by your individual profile.
Ongoing Review & Monitoring
Your personal goals and objectives will continue to evolve over time. The financial markets also experience constant change. Our team is always available to discuss your questions and concerns. We will perform quarterly re-balancing of your portfolio. In addition, we will schedule an annual review meeting to update each other to ensure that the Pittsburgh Group is on track to meet your established goals and objectives.
CFP ®
Certified Financial Planner (CFP ®) is a professional certification for financial advisors who have met the rigorous qualifications for financial planning and have years of experience related to delivering financial planning services. CFP® professionals commit to the high ethical standards of the CFP® Board.
A Financial Plan Tailor-Made for You
Our wealth management process begins with you and your family. Holistic in our approach, we encompass all the elements of your financial life, your investments, your cash management needs and then align them with your goals for life.
We understand that the goals you set today will evolve over time. Your customized plan will evolve with it and the ever changing circumstances of your life.
Leveraging a sophisticated suite of analytic tools, as well as the extensive resources provided at Morgan Stanley, we can help you take charge of your financial future and achieve your goals. Below you will find more information on the platform we use and various resources when it comes to financial planning.
We understand that the goals you set today will evolve over time. Your customized plan will evolve with it and the ever changing circumstances of your life.
Leveraging a sophisticated suite of analytic tools, as well as the extensive resources provided at Morgan Stanley, we can help you take charge of your financial future and achieve your goals. Below you will find more information on the platform we use and various resources when it comes to financial planning.
LifeView - Intelligent Planning
LifeView is a suite of planning tools that includes goal-specific analytics that we use with our clients to create a realistic, integrated strategy that incorporates the various aspects of an individual's financial life, including investments and cash management needs. Fill out the questionnaire linked below to help us get started with creating a personalized strategy for your long-term goals.
Complete Questionnaire Here
What's the Difference Between Saving and Investing?
Many people use the terms “saving” and “investing” interchangeably. While these two concepts are related, they aren’t exactly equal.
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How to Simplify Your Life Through Financial Consolidation
Suffering from “account sprawl” because your various accounts are housed at many different financial institutions? New account options can help.
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What Kind of Retiree Do You Want to Be?
Everyone has a different idea of their dream retirement. Whatever you envision, it’s essential to plan ahead so that your nest egg will last.
Learn MoreMedia & Research
Morgan Stanley seeks to make complex financial ideas more digestible so that our clients understand what is being done on their behalf to plan for their financial future, and why. The links below provide in-depth analysis on interesting topics that are affecting the world of business and finance not only now, but in the future as well.
Thoughts On The Market Podcast
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Thoughts On The Market Podcast
On The Markets Research Report
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
On The Markets Research Report
Morgan Stanley Ideas Podcast
From the use of satellite data technology to solve some of the world's most complex problems, to learning how not to follow the crowd when making decisions, The Morgan Stanley Ideas Podcast brings you revealing stories about the world of business, finance, technology and much more.
Morgan Stanley Ideas Podcast
Global Investment Committee Weekly Research Report
The Global Investment Committee's Weekly Report provides an in depth look at markets, asset class performance and fixed income on a weekly basis.
GIC Weekly Research Report
Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential and help keep more of what you earn.
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eDelivery
Sign up for eDelivery today and start receiving email notifications as soon as your account documents are available on Morgan Stanley Online or the Morgan Stanley Mobile App. It's quick, convenient & secure.
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Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
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Digital Vault
Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
Get Started Today
Alternative Investments
Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income—while maintaining a goals-based approach for asset allocation.
Morgan Stanley Alternative Investments
Security Center
Learn about our latest security measures, how we are safeguarding your assets and personal information and find actionable insights and resources on important cybersecurity topics to enhance your own online security.
Visit our Security CenterLocation
One PPG Place
Suite 1300
Pittsburgh, PA 15222
US
Direct:
(412) 434-8500(412) 434-8500
Meet The Pittsburgh Group
Mac Mathison, CFP®, QPFC
First Vice President, Financial Advisor, Portfolio Management Director, CERTIFIED FINANCIAL PLANNER®
Phone:
(412) 392-8306(412) 392-8306
Phone:
(412) 803-2112(412) 803-2112
Lisa Williams
Portfolio Associate
Phone:
(412) 434-8551(412) 434-8551
About Douglas MacPhail
Doug recently celebrated his 45th year as an investment professional with Morgan Stanley. His focus areas include portfolio management as well as wealth and retirement planning for high-net-worth individuals and businesses. Doug received a B.S. from Robert Morris University and an MBA from Duquesne University. He is also a graduate of the firm’s Account Executive Program at the University of Pennsylvania, Wharton School of Business. He received his Certified Financial Planner designation in 1985. Doug currently serves on the Honor Board of Directors of the Mentoring Partnership of Southwestern Pennsylvania and the Emeritus Board of the Crohn’s and Colitis Foundation of Western PA. He is also a member and volunteer of the Rachel Carson Trails Conservancy. His interests include hiking the Appalachian Trail, playing guitar, and serving meals to the homeless at Outreached Arms Ministry in downtown Pittsburgh.
Securities Agent: MO, AK, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, IN, KY, LA, MA, MD, ME, MI, NC, NH, NJ, NM, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WY, MN; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1398791
NMLS#: 1398791
About Mac Mathison
Mac Mathison is a Financial Advisor and First Vice President with Morgan Stanley, having joined the Firm in 2013 and the Pittsburgh Group in 2015. He holds both Series 7 and 66 securities licenses and has obtained the Portfolio Management Director title through the firm. He received his CERTIFIED FINANCIAL PLANNER™ designation in 2022. Mac focuses on financial planning and portfolio management for the individuals and families served by the team. Mac graduated from the University of Pittsburgh with a double major in Finance and Marketing, as well as a minor in Economics. He currently serves on the Board of Directors for Arsenal Family & Children’s Center. Mac grew up in the Mt. Lebanon area of Pittsburgh and currently resides in Upper St. Clair. He and his wife, Celina, welcomed a baby boy into their family in 2023. Outside of work, he enjoys golf, traveling and supporting all Pittsburgh sports teams.
Securities Agent: AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MD, ME, MI, MO, MS, NC, ND, NH, NJ, NM, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, VI, VT, WA, WY, AK, AL, MN; General Securities Representative; Investment Advisor Representative
NMLS#: 1498350
NMLS#: 1498350
About Edmond Watters
Eddie is a Financial Advisor and Financial Planning Specialist with The Pittsburgh Group at Morgan Stanley. Eddie prides himself on building deep relationships with the team’s clients to understand their goals in life, as well as their unique circumstances. He leverages this information to build out financial plans, and to design and implement customized investment strategies. He provides an exceptional level of client service and is committed to monitoring portfolios on an ongoing basis.
Prior to joining Morgan Stanley, Eddie spent eleven years overseeing the operations of a boutique municipal bond proprietary trading firm, where he was a Founding Member, Senior Vice President, and Municipal Bond Trader. He has a total of twenty-one years of capital markets experience, with fourteen years in the fixed income markets, and five years with a commercial real estate capital advisory firm. Eddie has a B.A. in Economics with a concentration in Financial Markets from Colby College, and a master’s degree in Real Estate & Construction Management from the University of Denver. He also spent time studying abroad in Costa Rica, Mexico, and Spain.
Eddie grew up in Fox Chapel where he attended Shady Side Academy. He currently resides in Aspinwall with his wife, three daughters, and their Labrador Retriever. He serves on The Board of Directors for The Neighborhood Academy. Outside of work he spends most of his time with family and friends. When time permits, he enjoys almost all activities involving the great outdoors.
Prior to joining Morgan Stanley, Eddie spent eleven years overseeing the operations of a boutique municipal bond proprietary trading firm, where he was a Founding Member, Senior Vice President, and Municipal Bond Trader. He has a total of twenty-one years of capital markets experience, with fourteen years in the fixed income markets, and five years with a commercial real estate capital advisory firm. Eddie has a B.A. in Economics with a concentration in Financial Markets from Colby College, and a master’s degree in Real Estate & Construction Management from the University of Denver. He also spent time studying abroad in Costa Rica, Mexico, and Spain.
Eddie grew up in Fox Chapel where he attended Shady Side Academy. He currently resides in Aspinwall with his wife, three daughters, and their Labrador Retriever. He serves on The Board of Directors for The Neighborhood Academy. Outside of work he spends most of his time with family and friends. When time permits, he enjoys almost all activities involving the great outdoors.
Securities Agent: NC, AK, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, IN, KY, LA, MA, MD, ME, MI, MO, NH, NJ, NM, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, VI, VT, WA, WY, MN; General Securities Principal; General Securities Representative; Investment Advisor Representative
NMLS#: 2436943
NMLS#: 2436943
About Lisa Williams
Lisa Williams is a Portfolio Associate having joined both Morgan Stanley and The Pittsburgh Group in 1998. Lisa's role as a Portfolio Associate recognizes not only her licensure with Series 7 and Series 63 designations but also her status as a Senior Client Service Associate who provides outstanding service to clients and excellent support to the Pittsburgh Group in all phases of financial services. Lisa serves on the board of directors for a local non-profit, Outreached Arms, where she also volunteers regularly, serving meals to those struggling with homelessness. Lisa loves spending time with her family, tent camping in the great outdoors, shopping local and always has several good books on hand to read. She resides in Dormont, PA with her husband, David.
Contact Douglas MacPhail
Contact Mac Mathison
Contact Edmond Watters
Wealth Management
Global Investment Office
Portfolio Insights
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
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
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
Are You Prepared for Tax Day?
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Ready to start a conversation? Contact The Pittsburgh Group today.
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.
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
5Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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 appropriate 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”), 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 legal matters.
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.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
5Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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 appropriate 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”), 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 legal matters.
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.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)
