About Message

Financial Planning with the Wave Group

Just as waves are created by energy passing through water, your wealth has been created by the energy you’ve invested in building a prosperous career and a comfortable life for your family. We, as The Wave Group at Morgan Stanley, make it our mission to help you preserve and grow what you’ve worked so hard to achieve for you and your loved ones. Just as every individual is unique, so should be their wealth management strategy. Through collaboration, we work with you to produce custom tailored strategies that adhere to your values, concerns and aspirations. We initiate every relationship with a conversation, in order to get to know you not just as an investor, but as an individual. We recognize the importance of asking the right questions and carefully listening to what your requirements are. By understanding your goals and incorporating those goals into a cohesive, personally integrated strategy, we strive to initiate personalized plans designed to help you achieve them. By ensuring equal access to resources available at Morgan Stanley, we strive to add value on both sides of your balance sheet and in every aspect of your financial life.
Services Include
  • Financial Planning1
  • Retirement Planning2
  • Wealth Management3
  • 401(k) Rollovers
  • Trust Accounts4
  • Estate Planning Strategies5
  • Professional Portfolio Management6
  • Corporate Pension Funds
  • Corporate Retirement Plans7
  • Endowments and Foundations8
  • Executive Financial Services9
  • Sustainable Investing10
  • Philanthropic Services
Check the background of Our Firm and Investment Professional on FINRA's BrokerCheck.*

Our Clients

Your Goals and Concerns Change as Life Changes 


Your life is constantly evolving, and the markets are always fluctuating, often in unpredictable ways.  Our purpose is to help you prepare—and plan for—both anticipated and unanticipated events, so you can maintain your financial stability through the highs and lows of life and the ups and downs of the markets. Whatever the future brings, we are with you every step of the way, riding the waves together.

We have been compassionately serving clients in the heart of historic Williamsburg for over two decades. 

We follow a structured yet flexible approach. We start with finding out your needs and goals and then we assess your existing portfolio to see how your goals and investments line up. After we define a strategy combining your both your financial and impact goals. Once agreed on, we implement the strategy and will monitor the impact and results. We check back in with you periodically and will revise our strategy if necessary.



 If you are actively pursuing assistance for effective management of your assets for the future or strengthening and preserving your financial infrastructure, then we look forward to learning more about you and discussing how we can help you achieve your most significant goals.

    Community Involvement

    Through our various volunteering experiences, we’ve had the great fortune of having met some of the most involved individuals within our community here at Williamsburg, VA.




    Transforming Passion into Action



    Do you have a passion that you'd like to transform into an actionable plan that benefits others? We can help you:




    Define your charitable interests and identify nonprofits that work in those areas

    Select charitable vehicles that may address your needs

    Implement plans to help ensure that your charitable dollars are well spent

    Seek nonprofit board placements that complement your passion

    Conduct research on specific charities and areas of charitable interest

    Introduce you to like-minded philanthropists

    Find ways to involve children and other family members in your giving

    Offer Foundation Management Services, a sophisticated, turn-key, back-office solution for family and corporate foundations






    Please contact us if you have any questions or would like to discuss ways of incorporating charitable giving into your overall wealth strategy and intergenerational planning.

      Working With You

      Goals Planning System | GPS : What are your hopes and dreams?



      Our approach to wealth planning focuses on what is most meaningful to you.




      Whether meeting with you for the first time or reviewing your progress and life goals, this is our priority.


      Leveraging our vast resources—including intellectual capital, experience and dedicated personal service—we can work with you to create a personalized wealth strategy. Over time, we can adapt it to changing circumstances, helping you to achieve—and to preserve—your goals.

        Experience

        Freedom, Access, and Information

        Our client-centered approach helps the families, individuals and organizations we serve to invest in a way that aligns their values with their investments. By drawing from the firm & wide array of capabilities, Morgan Stanley has been able to leverage its market position as a leading Wealth Management firm to empower our clients to Invest with Impact. Your wealth strategy doesn't just consider your investment objectives. Rather, it is tailored to address the personal life goals you've  identified and prioritized. 

        Using our suite of tools - our Asset Aggregation, we can create your personal roadmap to help achieve and protect your goals - a framework that makes the connection between your life goals and your financial resources, and provides a baseline for future discussions

         


        With the Morgan Stanley Mobile App, you can:


        -Manage your everyday finances with a full suite of personal cash management functions that enable you to pay bills, deposit checks3 and transfer funds between your Morgan Stanley

        -Accounts or to and from other financial institutions on the go.

        -Easily log in with Touch ID2

        -Access your investment portfolio to check asset allocations and holdings from the convenience of your mobile device. You can also view projected income and certain loan accounts.

        -View pending activity on your account, including mobile deposits, debit card transactions and bill payments.

        -Scan and deposit checks3 drawn on a U.S. bank, anytime, anywhere1 using cutting-edge imaging technology. Our app allows some of the highest deposit limits in the industry

        -Receive important account alerts, including Low Available Cash/No Available Cash Alerts and transaction notifications.

        -Access up-to-date news, research, company profiles and quotes

        -Access select documents 

        -Call Morgan Stanley directly, with just a tap

          Location

          437 W Duke Of Gloucester Street
          Williamsburg, VA 23185
          US
          Direct:
          (757) 259-7105(757) 259-7105

          Meet The Wave Group

          About Me

          David R. Clemens, CMT®
          Vice President 

          Senior Portfolio Manager
          Financial Advisor

          Branch Manager

          757.259.7105
          david.r.clemens@morganstanley.com

          With over 22 years of financial services experience and a lifelong passion for the markets, David helps clients and their families navigate their financial lives with greater assurance. David has the privilege of serving as a Vice President and Senior Portfolio Manager with Morgan Stanley in Williamsburg, VA. He takes his responsibilities seriously, and believes that comprehensive financial advice can have a profound impact on his clients’ lives, their children’s lives and their community.

          David’s mission is to help clients realize a distinguished lifestyle, through every stage from their career to retirement, and leave a notable legacy. He concentrates his efforts on designing and implementing personalized wealth management strategies by attentively listening to each of his client’s goals, values, objectives and concerns.

          After graduating from Fairfield University with a Bachelor of Science in Biology, David spent several years pursuing a career in the biotech field with a focus on cancer research. He soon found that as much as he respected a disciplined method to research, working directly with others had a more profound calling. Initially, he began his growing financial services career at Colonial Traders, LLC then joined Morgan Stanley* in 2003.

          David and his wife have been happily married since 1999 and together they have two children, their son Chris and their daughter Mary. When David is not assisting his clients, he enjoys a well-balanced life as an active member of the Williamsburg, VA community.  

           Since 1998, David continues to commit his time and efforts to several volunteer programs and non-profit organizations. In 2010, he began volunteering his time as the assistant coach of his son’s baseball team at the Williamsburg Youth Baseball League. He is an active and a well-recognized member of the St. Bede Catholic Church, giving his time and efforts as a member on multiple committees. In 2004 he served on the Pastoral Council, followed by the Leadership Committee, and then the Development Committee, as well as the Youth Ministry Advisory Committee. In addition to volunteering within his church, he provides support as a committee member for the local Boy Scouts and the outreach center of the Saint Bede Catholic Center, where he kindly provides assistance to the homeless and those in need of refuge.


          Williamsburg Youth Baseball League
          Coach  (2010-2017)


          St. Bede Catholic Church
          Pastoral Council (2004-2007)
          Leadership Committee (2015-2016)
          Development Committee (2015-present)
          Youth Ministry Advisory Committee (2016-present)
           

          Boy Scouts Troop 300
          Committee Member (2016-present)
           

          Williamsburg House of Mercy
          Board of Directors (2016-present)


          Morgan Stanley
          Financial Advisor  (2003-present)
          Branch Manager  (2009-present)
          Financial Advisor Coach (2006-present)
           


          *References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
          Securities Agent: AR, AZ, CA, CO, CT, DC, FL, GA, IL, IN, MA, MD, ME, MN, MS, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TX, UT, VA, WA, WI, WV; Investment Advisor Representative; BM/Supervisor; General Securities Representative; Managed Futures
          NMLS#: 1301135

          About Me

          Securities Agent: AL, CA, CO, CT, DC, FL, GA, KY, MA, MD, MN, NC, NJ, NY, OH, OR, PA, SC, TN, TX, UT, VA, VT, WV; Investment Advisor Representative; General Securities Representative
          NMLS#: 1270128
          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.

          Mosaic

          Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
          The 2019 Wanderlust List

          The 2019 Wanderlust List

          The world awaits your next adventure. Start here.

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          Morgan Stanley and Justin Rose: A Winning Team

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          Morgan Stanley and our brand ambassador, PGA TOUR champion Justin Rose, share a set of core values and a common cause: giving books to children in need.
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          Your Financial World. On the Go.

          Your Financial World. On the Go.

          With the Morgan Stanley Mobile App, you’ll have the freedom to manage your investments and instantly access a suite of personal cash management tools.
          Learn more about Your Financial World. On the Go.
          Reserved | Living & Giving

          Reserved | Living & Giving

          Our complimentary program for eligible clients provides you and your family with access to exclusive offers and discounts from premium travel, automotive, health and wellness, and retail brands as well as curated insights from Morgan Stanley.
          Learn more about Reserved | Living & Giving
          Sign Up for eDelivery

          Sign Up for eDelivery

          With eDelivery, you’ll have easy access to statements, trade confirmations, general correspondence and much more.
          Learn more about Sign Up for eDelivery
          Access Morgan Stanley Online

          Access Morgan Stanley Online

          Morgan Stanley Online provides a comprehensive view of your assets and liabilities, projected income, breaking news, research and much more.
          Learn more about Access Morgan Stanley Online
          Ready to start a conversation? Contact The Wave Group today.
          Market Information Delayed 20 Minutes
          1Morgan 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.

          2Morgan 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.

          3Morgan 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.

          4Morgan 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.

          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.

          6Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be suitable 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.

          7Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

          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, charitable giving, philanthropic planning and other legal matters.

          9Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

          10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.

          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