Welcome

At the SBS Group at Morgan Stanley Private Wealth Management, we are a cohesive team of hands-on investment professionals and wealth planners who serve a select clientele of ultra high net worth families and individuals. Drawing on extensive experience in the capital markets, we create highly customized investment strategies to help our clients protect and enhance their wealth. We work with most of our clients on a discretionary basis and maintain several proprietary portfolios.

While our relationships are rooted in investment strategy, we provide access to the full range of capabilities needed to help our clients address virtually any wealth management challenge. We are equally at home discussing market dynamics, the finer points of an estate plan, or the structure of a major philanthropic gift. We pride ourselves on developing a deep understanding of our clients’ needs, goals and preferences, and assist them in considering the multigenerational implications of their financial decisions. We are on call to offer advice and guidance on any aspect of their financial lives, and are dedicated to helping them live the lives they dream of and leave the legacies they deserve.

We look forward to discussing your family’s goals and aspirations, and the extensive range of capabilities we can place at your disposal.
Capabilities
  • Cash Management & Lending1
  • Risk Management
  • Family Governance & Wealth Education
  • Sustainable & Responsible Investing
  • Philanthropy Management
  • Consolidated Reporting
  • Hedging Strategies
  • Securities Based Lending2
  • Tailored Lending3
  • Tax, Trust & Estate Advisory4
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 250 teams1  specialized in assisting individuals and families with $20MM+ in investable assets
  • Over $330 billion in AUM2
  • Comprising 26% of the Barron’s Top 100 Financial Advisors list for 20173
  • 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 31, 2017
2 Morgan Stanley Internal Compensable Revenue Report, December 31, 2017
3 Barron’s Top 100 Financial Advisors, April 2017

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.

Global Franchise

Morgan Stanley serves a global clientele of individuals, families, corporations, endowments, foundations, governments and others through three core businesses:
  • Morgan Stanley Wealth Management
  • Institutional Securities Group
  • Investment Management
Our strength and synergies across each of these businesses not only contributes to the economic vitality and stability of the firm, but also expands the vast resources, expertise and global insight that we can offer you.
Morgan Stanley Franchise Power
  • $2.4tn in client assets under management1
  • Morgan Stanley reported revenues of $11.9Bn1
  • More than 55,000 global employees1
  • Global footprint includes 1,200 offices in 31 countries on six continents1
  • Tier 1 risk-based capital Ratio under U.S. Basel III was approximately 17.8%1
  • $206Bn in liquidity reserve1
  • Long-term credit rating A3, BBB+ and A, by Moody’s, S&P and Fitch, respectively2
1Unaudited. As of March 31, 2018, Morgan Stanley Quarterly Financial Supplement
2MorganStanley.com/InvestorRelations

Location

227 West Monroe St
Suite 3400
Chicago, IL 60606
US
Direct:
(312) 648-3584(312) 648-3584
1585 Broadway
21st Floor
New York, NY 10036
US
Direct:
(212) 761-5423(212) 761-5423

Meet The SBS Group

About Me

Having worked in the financial services industry for over three decades, Norman Siegel brings an experienced perspective to the clients of the team. 
Norman focuses on helping the team’s high net worth and ultra high net worth clients develop highly customized wealth management strategies based on their unique needs, goals and challenges.
Norman began his career in the Private Client Group of Goldman Sachs and Company in 1982, working with high net worth families and ultra high net worth family offices.
In 1993, he moved to the Montgomery Securities Private Client Group, then on to a similar group at Oppenheimer and Company in 1994.
Norman joined the Private Client Group of Lehman Brothers in 1997, where he remained after it was acquired by Barclays in 2008. 
Norman was a member of the Investment Representative Advisory Council at Barclays; the council was composed of a select group of senior advisors and charged with providing management with guidance on the strategic direction of the firm.
Norman earned a B.S. in accounting from the University of Illinois and is a non-practicing CPA. He continued on to Northwestern University’s Kellogg School of Management, where he received an MBA in finance in 1982

Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC.  Member SIPC.
Securities Agent: TX, IL, WY, WV, WI, WA, VT, VA, TN, SD, SC, PA, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MO, MN, MI, ME, MD, MA, KS, IN, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; Managed Futures; Transactional Futures/Commodities; General Securities Representative; Investment Advisor Representative
NMLS#: 1409794

About Me

Drawing on fifteen years of experience in the financial services industry, Bradley Bass focuses primarily on the development and implementation of customized investment strategies for ultra high net worth families.
Prior to joining Morgan Stanley in 2015, Bradley spent seven years at Barclays, where he was a Director and served on the Investment Representative Advisory Council, a small group of the firm’s most influential Advisors.
While at Barclays, Bradley worked with several members of the Forbes 400 and numerous other affluent families with complex financial needs.
Prior to working at Barclays, Bradley was an Associate at Lehman Brothers, where he focused on private equity and hedge fund investments.
Bradley holds a B.S. from the University of Colorado and an MBA from the University of Chicago.
He is an active member of the Economics Club of Chicago and sits on the advisory board of Invest For Kids, a nonprofit organization that has raised over $10 million for Chicago-based children’s charities.

Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC. Member SIPC.
Securities Agent: TX, IL, CT, WY, WV, WI, WA, VT, VA, TN, SD, SC, PA, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MO, MN, MI, ME, MD, MA, KS, IN, ID, IA, HI, GA, FL, DE, DC, CO, CA, AZ, AR, AL; Managed Futures; Transactional Futures/Commodities; General Securities Representative; Investment Advisor Representative
NMLS#: 1408716

About Me

For nearly two decades, Brian Schneider has been on the leading edge of trends in markets within the derivatives trading world, helping his clients develop and implement highly customized futures and options strategies. Employing professional market analysis, Brian maintains risk management as his number one priority. He joined Morgan Stanley in 2015 from Barclays Wealth America, where he served as an investment representative since 2011.

In 2008, Brian created BSAM Trading, LLC, where he began to run private funds across a broad spectrum of exchange-traded derivatives. Before that, beginning in 2006, he was a member of Dolder Investment Partnership and served as head trader, developing trading systems using both first and second derivatives. In 2003, Brian co-founded TradeInside.net, a first-of-its-kind, totally electronic Futures Commission Merchant. Prior to that, as senior partner at Resource Trading Group, Brian traded Dax futures, S&P futures, U.S. Treasury bonds, gold and corn, among many other derivatives. He has also been a market maker in various products such as CBOT BUND and gold futures, Eurex U.S. 10-year and 5-year futures, and One Chicago and NQLX ETF single-stock futures.

A contributor on Bloomberg Radio, CNBC and First Business, Brian has been a member of the Chicago Board of Trade, CME and NYSE/LIFFE; a certified Eurex trader; and a certified Eurex Qualified Back Office Manager. He earned a B.A. cum laude in economics from Tufts University in 1998, and received his MBA from the University of Illinois, College of Business in 2011.
Securities Agent: TX, IL, WY, WV, WI, WA, VT, VA, TN, SD, SC, PA, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MO, MN, MI, ME, MD, MA, KS, IN, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; Managed Futures; Transactional Futures/Commodities; General Securities Representative; Investment Advisor Representative
NMLS#: 1398759

About Me

After thirteen years of working with institutional investors, Michael Schafer joined the team in 2015 to focus on fixed income and private equity investments for ultra high net worth families, individuals, as well as select institutions.

Before joining Morgan Stanley, Michael spent four years with Barclays, building out the Short Duration Fixed Income group. He was responsible for helping institutional clients address their liquidity needs, managing their balance-sheet cash and fixed income investments. Prior to his role at Barclays, Michael worked as a vice president for Goldman Sachs in San Francisco for nine years, where he was responsible for the west coast institutional client business on the Global Liquidity Management team. During his time at Goldman Sachs, he worked with a variety of institutional clients, including Fortune 500 public and private corporations, banks, municipalities, and universities.

Michael earned his B.S. in Finance from the University of Illinois and completed his M.B.A. at Northwestern University’s Kellogg School of Management with concentrations in finance and strategy & management.
Securities Agent: TX, IL, WY, WV, WI, WA, VT, VA, UT, TN, SD, SC, PA, OR, OK, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, KS, IN, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; General Securities Representative; Investment Advisor Representative
NMLS#: 1451621

About Me

With over 17 years of experience in the financial services industry, Cindy Jaracz focuses on client relationships, portfolio maintenance, private equity administration, investment implementation and trading and operational procedures for the team. 
Prior to rejoining Morgan Stanley in 2015, Cindy began her career as an analyst at a consulting firm in Chicago from 1997-2001, focusing on client performance reporting for 401(k), endowments and pensions. In 2001, she joined the performance reporting group at Morgan Stanley, focusing on ultra-high net worth clients. In 2007, Cindy joined the Private Investment Management Division of Lehman Brothers where she provided sales and administrative support to the Siegel, Bass, Schneider, and Schafer Team. 
She remained with the team after it was acquired by Barclays in 2008.   
Cindy attended Loyola University Chicago where she received a B.A. in political science.

About Me

With over 10 years of experience in the financial services industry, Cammie began her career at Citi Personal Wealth Management in 2006, providing client service for wealthy families. 
She joined Morgan Stanley in 2010 specializing in ultra high net worth client relationships, portfolio maintenance, trading operations and investment implementation.  
Cammie attended Western Michigan University, where she received a B.A. in marketing.
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  • Family Governance & Wealth Education
  • Lifestyle Advisory
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1Morgan 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.
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

2Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.

3Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.

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.

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.

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 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

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.