Executive Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(804) 644-1195(804) 644-1195
The Westham Group at Morgan Stanley
Direct:
(804) 644-1100(804) 644-1100
Toll-Free:
(800) 488-9888(800) 488-9888
Industry Award WinnerOur Mission Statement
The Westham Group understands how comprehensive planning can protect those you love and further grow the fruits of your life’s hard work. Guided by a legacy of trust and innovation, our mission is to intelligently steward your wealth through tailored strategies that evolve with your life. We seek to ensure your investments work in harmony with your vision, utilizing tax smart strategies and thoughtful risk management to help you achieve the best possible outcome.
About Us
At The Westham Group, our on-going goal is to strengthen and enhance our service and commitment to you by delivering exceptional Financial Advisory and Wealth Management solutions. Our decades of experience have taught us that family and relationships are what matter the most to our clients and our financial planning approach and custom investment strategies are centered on the uniqueness of each of you, our clients, and your goals and values.
We thank you for your past support and we look forward to continuing to work with you and your family to help you achieve your financial goals.
We thank you for your past support and we look forward to continuing to work with you and your family to help you achieve your financial goals.
About our name
- The Richmond area is rich in history and has served an important role in commerce and westward expansion of our country via canals and railroads. Westham is located on the fall line of James River. To the west, river travel provides safe passage but at Westham and for several miles down-stream to the east, it is marked with dangers of rapids and difficult navigation. Westham began as an unincorporated town just west of Richmond and was designated by the Continental Congress to be an iron production foundry in the Revolutionary War. During the war, Richmond came under attack and British general Benedict Arnold burned down the city, including the Westham foundry. After the war, Richmond recovered and blossomed into a growing city.
- For us, the name Westham symbolizes the coming together of people and resources to invest in and develop a plan to build a better future. We see the importance of this today as we provide our clients experience and advice, guiding them through the markets and life’s twists and turns as they seek to reach their goal of a secure future.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Why Choose Us
At the Westham Group, we draw on years of experience and dedication to deliver unique, tailored solutions that help our clients and their families grow and protect their hard-earned wealth and investments.
- Jason M. Habel, Excutive Director, Senior Portfolio Managerment Director, Financial Advisor, CFP®, has been with Morgan Stanley for over 25 years.
- Toby Gee, Senior Vice President, Financial Advisor, has over 30 years of experience.
- Natalee Hale, Financial Advisor, Financial Planning Specialist has over 20 years of banking experience.
- Latosha Wilkerson, Wealth Management Associate, has over 20 years of experience.
Comprehensive Team Care
At the Westham Group, we work together to support our clients in navigating life challenges and helping them manage their investments. Our approach is team-based, meaning each client benefits from the collective insight, and specialized knowledge of the entire practice. This approach ensures that there is a dedicated team of professionals aligned around your financial goals. By working collaboratively, we are able to provide more comprehensive, and personalized guidance.
Emphasis on Relationship
At the core of our practice is a commitment to building deep, enduring relationships with our clients. We believe effective financial guidance begins with truly knowing the individuals and families we serve. By taking the time to understand our clients, we craft a more holistic picture of their priorities and goals that reaches beyond financials. This personal insight allows us to develop strategies that aim to be both financially sound and personally meaningful.
Extensive Experience
We have lengthy experience within wealth management and the financial service industry which we use to help our clients achieve their goals. Our team includes three advisors, a wealth management associate, and a client service associate who have over 90 years of collective experience:
2023, 2024, 2025 & 2026 Forbes Best-In-State Wealth Management Teams Ranking
The Westham Group Named to the 2023, 2024, 2025, & 2026 Forbes Best-In-State Wealth Management Teams Ranking for the Virginia- South region.
Source: Forbes.com (Awarded 2023, 2024, 2025, 2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Morgan Stanley's 2026 Pacesetter's Club
Those named in Morgan Stanleys Pacesetter's Club, are select group of Financial Advisors who, early in their career, have demonstrated the highest professional standards and first class client service.
Our Clients
Our clients are individuals, families, and business owners across the United States who value the importance of professional advice. Decades of experience have taught us that family and relationships matter the most - and our comprehensive financial planning approach and custom investment strategies reflect that. We take the time to find out what’s important to you – the “why” behind what drives you. And then we look at what do you want to do that will require money – either now or down the road?
Let’s face it – the joy and memories of moments that mean the most to us have little to do with money.
Moments such as:
-Births and Adoptions
-Weddings and marriages
-Education and graduations
-Starting your new business
-Quality time with family and friends
-Favorite hobbies
-Travel and trips of a lifetime
-Births and Adoptions
-Weddings and marriages
-Education and graduations
-Starting your new business
-Quality time with family and friends
-Favorite hobbies
-Travel and trips of a lifetime
But let’s be honest – how many of the things that mean the most to you are easier when you have the money to put into them?
-A grand wedding for your child and their spouse, or helping them purchase their first home…
-Fewer (or even no) school loans, so your children or grandchildren can get a great education and start their grown-up lives debt free…
-Seed money for turning your passion into a business, which could then eventually give you more time with your family and something to pass down to future generations...
-Better family vacations … a better retirement … travel … money to put into the pastimes you love…
-Fewer (or even no) school loans, so your children or grandchildren can get a great education and start their grown-up lives debt free…
-Seed money for turning your passion into a business, which could then eventually give you more time with your family and something to pass down to future generations...
-Better family vacations … a better retirement … travel … money to put into the pastimes you love…
Working with you
When you’re ready to learn ways to potentially preserve and grow your financial assets with an experienced team who understand exactly what your financial success means to you and your loved ones, consider The Westham Group at Morgan Stanley.
Our Client Relationship Goals
The Westham Group at Morgan Stanley has dedicated ourselves to custom financial planning for every client. Utilizing Morgan Stanley's leading technology and resources, we bring together proven ideas and processes to create a disciplined and caring plan to meet your unique goals. Our goal has always been to provide the best services and wealth management for individuals and families throughout each stage of life and we are honored to work with multiple generations as our client's trusted advisor.
Our Process
We start with careful financial planning and disciplined investing. Then, we customize a strategy centered on your values and your unique needs and goals. Lastly, we monitor and recommend adjustments to the strategy as your needs change.
Our Long Term Strategy
When you work with us on a long-term basis, we seek to gain a deeper, fuller understanding of your goals and objectives and what it takes to get there, which in turn helps us set better long-term strategies for you. We have built The Westham Group, to bring you and your family continuity, so there are no interruptions in your planning and services.
Our Client Relationship
-Have regular check-ins with us, so we can adapt your wealth management strategy based on significant life changes, shifts in tax law and markets, and even changes in your priorities.
-Put us in touch with your tax and legal advisors, so we can work with them to analyze your entire financial picture (past, present, and future) and develop recommendations.
-Take advantage of our emphasis on investor education, so you have a full understanding not only of how your own personal investment strategy works but how it can be affected by world events. Take as much time as you like and ask us as many questions as you need.
-Put us in touch with your tax and legal advisors, so we can work with them to analyze your entire financial picture (past, present, and future) and develop recommendations.
-Take advantage of our emphasis on investor education, so you have a full understanding not only of how your own personal investment strategy works but how it can be affected by world events. Take as much time as you like and ask us as many questions as you need.
Connecting it all together
So, the question isn’t just, “What’s important to you?”
The real question is, “Do you have a good strategy for getting there?” If the answer is, “No,” or you’re “not sure”, give us a call so we both can figure out if we’re a good fit for each other. Please bring your questions to us, and let’s start the conversation.
The real question is, “Do you have a good strategy for getting there?” If the answer is, “No,” or you’re “not sure”, give us a call so we both can figure out if we’re a good fit for each other. Please bring your questions to us, and let’s start the conversation.
Community Involvement
Community involvement and philanthropic initiatives are some of the most important actions we can take to foster social development and help those in need. The Westham Group at Morgan Stanley is commited to supporting numerous organizations that reflect our devotion to social responsibility.
Virginia Tech Alumni Association (Richmond Chapter)
The Virginia Tech Alumni Association, a 501(c)(3) non-profit organization based in Richmond, VA, is dedicated to enhancing the welfare of Virginia Tech by fostering a mutually beneficial relationship with its global alumni community. The association serves as a strong link between the university and its alumni, encouraging involvement in lifelong learning, discovery, and engagement.
Feed More
Feed More collects, prepares, and distributes food to those in need across 29 counties and 5 cities in Central Virginia. With more than 400 nonprofit partners and distribution sites, Feed More ensures that neighbors have access to the healthy food they need.
Goochland County Parks and Recreation
Goochland County Parks & Recreation promotes outdoor recreation, community engagement, and appreciation of natural resources. Each location offers unique opportunities for leisure, fitness, and enjoyment of the outdoors.
AWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
901 East Byrd St
Suite 2000
Richmond, VA 23219
US
Direct:
(804) 644-1100(804) 644-1100
Toll-Free:
(800) 488-9888(800) 488-9888
Meet The Westham Group
Phone:
(804) 644-1160(804) 644-1160
Phone:
(804) 780-3312(804) 780-3312
Latosha Wilkerson
Associate Vice President, Wealth Management Associate
Phone:
(804) 644-1116(804) 644-1116
Riley Lee-Evans
Client Service Associate
Phone:
(434) 220-3814(434) 220-3814
About Jason Habel
As a Financial Advisor, Portfolio Manager, Certified Financial Planner and founding member of The Westham Group at Morgan Stanley, Jason Habel has been with Morgan Stanley for 22 years. Helping clients gain a solid financial foundation for themselves and their families is something Jason truly enjoys.
Jason’s passion for the financial services industry is founded upon the uniqueness of each client relationship and helping clients become engaged in the financial planning process. Jason understands that managing one’s finances can be immensely challenging as individuals and families face time constraints such as long work hours, taking care of children and helping aging parents. A byproduct of our busy lives is that investors often do not monitor and update their plan as their lives change or have defined guidelines for what to do during the market’s ups and downs and need professional risk management and investment experience. By utilizing advanced planning strategies and industry leading technology, Jason works closely with his clients to overcome challenges and create opportunities which help clients meet their goals and shape their future. Whether you know where you stand or just want a fresh perspective on your investments and your situation, Jason will thoroughly evaluate where you are — and if where you are today will get you where you want to be tomorrow.
Jason graduated from Virginia Tech’s Pamplin College of Business in 2000 and joined Morgan Stanley in 2001. It was there that he met Christina and they married in 2008. They live in Powhatan, a rural community outside of Richmond and have three children who provide a daily dose of joy and laughter, Katelyn (13), William (11) and Ainsley (9). Together, they enjoy recreational basketball, hikes in the outdoors, Virginia Tech football games, and taking daytrips across Virginia to state parks, historical sites, and small towns that are off the map. Visiting National Parks across the U.S. is a favorite vacation activity and Jason has visited 20 such parks with his favorite being Yosemite in California which was beloved my naturalist John Muir for whom Jason's middle name derived. When not outdoors, Jason enjoys reading biographies, U.S. and world history. Jason and Christina are grateful for their faith, close friendships and community which are a large part of their daily lives.
Volunteering and giving back to the Richmond community is something that is very important to Jason. From 2012 – 2018 he served as the Scholarship Committee Co-Chairman for The Richmond Chapter of Virginia Tech Alumni, from 2019 - 2020 he served as President for the 15,000 member chapter and is very active with their community service events including now serving on the Richmond Virginia Tech Chapter Alumni Board as Past President and Recording Secretary. Jason also served many years as the Richmond Morgan Stanley liaison for their commitment to support FeedMore Inc. in Richmond, helping to coordinate service opportunities and secure grants for FeedMore from The Morgan Stanley Foundation, which is part of the firm’s engagement to support Feeding America. Jason and Christina are enthusiastic supporters of Samaritan's Purse which provides worldwide disaster relief as well as food and medical supplies for refugees and impoverished countries.
Jason’s passion for the financial services industry is founded upon the uniqueness of each client relationship and helping clients become engaged in the financial planning process. Jason understands that managing one’s finances can be immensely challenging as individuals and families face time constraints such as long work hours, taking care of children and helping aging parents. A byproduct of our busy lives is that investors often do not monitor and update their plan as their lives change or have defined guidelines for what to do during the market’s ups and downs and need professional risk management and investment experience. By utilizing advanced planning strategies and industry leading technology, Jason works closely with his clients to overcome challenges and create opportunities which help clients meet their goals and shape their future. Whether you know where you stand or just want a fresh perspective on your investments and your situation, Jason will thoroughly evaluate where you are — and if where you are today will get you where you want to be tomorrow.
Jason graduated from Virginia Tech’s Pamplin College of Business in 2000 and joined Morgan Stanley in 2001. It was there that he met Christina and they married in 2008. They live in Powhatan, a rural community outside of Richmond and have three children who provide a daily dose of joy and laughter, Katelyn (13), William (11) and Ainsley (9). Together, they enjoy recreational basketball, hikes in the outdoors, Virginia Tech football games, and taking daytrips across Virginia to state parks, historical sites, and small towns that are off the map. Visiting National Parks across the U.S. is a favorite vacation activity and Jason has visited 20 such parks with his favorite being Yosemite in California which was beloved my naturalist John Muir for whom Jason's middle name derived. When not outdoors, Jason enjoys reading biographies, U.S. and world history. Jason and Christina are grateful for their faith, close friendships and community which are a large part of their daily lives.
Volunteering and giving back to the Richmond community is something that is very important to Jason. From 2012 – 2018 he served as the Scholarship Committee Co-Chairman for The Richmond Chapter of Virginia Tech Alumni, from 2019 - 2020 he served as President for the 15,000 member chapter and is very active with their community service events including now serving on the Richmond Virginia Tech Chapter Alumni Board as Past President and Recording Secretary. Jason also served many years as the Richmond Morgan Stanley liaison for their commitment to support FeedMore Inc. in Richmond, helping to coordinate service opportunities and secure grants for FeedMore from The Morgan Stanley Foundation, which is part of the firm’s engagement to support Feeding America. Jason and Christina are enthusiastic supporters of Samaritan's Purse which provides worldwide disaster relief as well as food and medical supplies for refugees and impoverished countries.
Securities Agent: CO, WI, MT, MO, KY, CA, WA, NM, NE, DE, LA, FL, AL, TX, NV, DC, NC, OR, CT, SC, PA, NY, IN, AK, OK, OH, NJ, MD, ID, VA, UT, MI, GA, NH, IL, AZ, MN, MA, WY, WV, TN; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1264965
CA Insurance License #: 0K23313
NMLS#: 1264965
CA Insurance License #: 0K23313
About Thomas Gee
As a member of the Westham Group at Morgan Stanley, Toby Gee, Financial Advisor brings over 25 years of experience within the financial industry. His keen ability to cultivate relationships and communicate effectively with individuals to help meet their specific needs.
Toby’s career within the financial industry began in 1994. Having developed an interest in the stock market at an early age, he elected to pursue paths that would lead him to a position as financial advisor. His time at Wake Forest University, where he obtained a Bachelor of Arts in Economics, coupled with his training on Wall Street prepared him and provided him with the skills necessary to present quality investment strategies to his clients.
Toby’s dedication to financial planning is predicated upon the needs of his clients. He is able to assist individuals and businesses in a variety of financial matters, including planning for retirement, establishing funding for college, and professional asset management of trusts, endowments and foundations. His work in the financial services industry has also granted him the opportunity to work closely with business owners to aid in the evaluation and implementation of a retirement plan within their respective companies.
A father of two himself, Toby understands the importance of building a secure financial future for one’s family. He is able to assist in the realization of this goal through carefully consulting with his clients to create an investment strategy that uniquely meets their needs. Toby remains with his clients every step of the way, conducting regular reviews to keep them organized, informed, and on course. It is through this comprehensive approach that Toby is able to give you a personalized and successful financial plan that accomplishes your objectives and attends to their priorities.
When he is away from the office, Toby enjoys spending time with his wonderful wife, Sheila, his fantastic children, Madelyn and Hayden, and his two rescue dogs, Milly and Maisy. He enjoys running, playing golf, and relaxing at the beach.
Toby’s career within the financial industry began in 1994. Having developed an interest in the stock market at an early age, he elected to pursue paths that would lead him to a position as financial advisor. His time at Wake Forest University, where he obtained a Bachelor of Arts in Economics, coupled with his training on Wall Street prepared him and provided him with the skills necessary to present quality investment strategies to his clients.
Toby’s dedication to financial planning is predicated upon the needs of his clients. He is able to assist individuals and businesses in a variety of financial matters, including planning for retirement, establishing funding for college, and professional asset management of trusts, endowments and foundations. His work in the financial services industry has also granted him the opportunity to work closely with business owners to aid in the evaluation and implementation of a retirement plan within their respective companies.
A father of two himself, Toby understands the importance of building a secure financial future for one’s family. He is able to assist in the realization of this goal through carefully consulting with his clients to create an investment strategy that uniquely meets their needs. Toby remains with his clients every step of the way, conducting regular reviews to keep them organized, informed, and on course. It is through this comprehensive approach that Toby is able to give you a personalized and successful financial plan that accomplishes your objectives and attends to their priorities.
When he is away from the office, Toby enjoys spending time with his wonderful wife, Sheila, his fantastic children, Madelyn and Hayden, and his two rescue dogs, Milly and Maisy. He enjoys running, playing golf, and relaxing at the beach.
Securities Agent: DC, AZ, WI, NY, DE, CO, WV, WA, TX, AK, UT, NJ, NC, MO, LA, AL, TN, OR, MA, IL, FL, MT, ID, MI, VA, OK, NM, IN, NH, MD, KY, GA, SC, PA, OH, WY, NV, NE, MN, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 2076585
CA Insurance License #: 4103566
NMLS#: 2076585
CA Insurance License #: 4103566
About Natalee Hale
As a Financial Advisor and Financial Planning Specialist, Natalee Hale, is a member of The Westham Group at Morgan Stanley and has over two decades of experience in financial services, with experience in banking and collaborating closely with diverse business partners to provide comprehensive financial solutions. Her unwavering commitment revolves around families and business owners, guiding them toward their financial aspirations. Natalee’s journey has been shaped by her passion for imbuing lives with purpose through the attainment of financial milestones.
Natalee holds a degree in business management from the University of Phoenix and has a fervor for educating children about finances. She has dedicated substantial time to various organizations, volunteering in schools and educating children of all ages, nurturing their financial literacy, and empowering them for a brighter future. Her dedication extends beyond professional success, fostering a community of financially savvy individuals from all walks of life. Natalee has been recognized as a member of Morgan Stanley's Pacesetter's Club, which honors the firm's top Financial Advisors for excellence in 2026.
Originally from the Dallas-Fort Worth area in Texas, Natalee now calls Richmond, VA home, where she resides with her two sons, Hale and Cole. Beyond the world of finance, she finds solace in the great outdoors, indulging in activities like hiking, kayaking, cycling, and the spirited game of pickleball.
Natalee holds a degree in business management from the University of Phoenix and has a fervor for educating children about finances. She has dedicated substantial time to various organizations, volunteering in schools and educating children of all ages, nurturing their financial literacy, and empowering them for a brighter future. Her dedication extends beyond professional success, fostering a community of financially savvy individuals from all walks of life. Natalee has been recognized as a member of Morgan Stanley's Pacesetter's Club, which honors the firm's top Financial Advisors for excellence in 2026.
Originally from the Dallas-Fort Worth area in Texas, Natalee now calls Richmond, VA home, where she resides with her two sons, Hale and Cole. Beyond the world of finance, she finds solace in the great outdoors, indulging in activities like hiking, kayaking, cycling, and the spirited game of pickleball.
Securities Agent: PA, KY, IN, FL, OK, NJ, MS, LA, ID, WA, VA, NV, MO, DC, CO, AL, TX, NC, MI, GA, DE, SC, OR, MA, AK, TN, UT, NY, NE, MT, MN, OH, NM, IL, CA, AZ, WY, ME, MD, NH, WV, WI; General Securities Representative; Investment Advisor Representative
NMLS#: 1496593
NMLS#: 1496593
About Latosha Wilkerson
As a Wealth Management Associate, Latosha Wilkerson supports the Westham Group at Morgan Stanley. Latosha’s approach to working with clients is individualized, focusing on empathy, communication, and building long-term relationships.
Before coming to Morgan Stanley, she had ten years of industry experience in trading operations and compliance. In that sector, she developed a strong foundation in the back-office side of the business. Latosha’s role as the Westham Group’s Wealth Management Associate includes effectively listening to clients to determine any issues and obtain clarity on their needs and expectations. Her role is also operational in that she regularly assesses whether there needs to be an adjustment in the team’s customer service model to ensure that the practice is being proactive in addressing clients’ needs.
Latosha’s relationships with her clients are predicated on actively listening and understanding their expectations and concerns before developing a solution. She prides herself on putting clients first and leaving no stone unturned in pursuing the desired outcome. The most rewarding aspect of her job is building client relationships that feel almost like an “extended family.”
Outside of work, Latosha lives an active lifestyle, having been a fitness instructor for over a decade. She is also a news junkie and enjoys keeping up with current events. Additionally, Latosha has a passion for cooking and loves reading true crime and watching documentaries in her free time.
Before coming to Morgan Stanley, she had ten years of industry experience in trading operations and compliance. In that sector, she developed a strong foundation in the back-office side of the business. Latosha’s role as the Westham Group’s Wealth Management Associate includes effectively listening to clients to determine any issues and obtain clarity on their needs and expectations. Her role is also operational in that she regularly assesses whether there needs to be an adjustment in the team’s customer service model to ensure that the practice is being proactive in addressing clients’ needs.
Latosha’s relationships with her clients are predicated on actively listening and understanding their expectations and concerns before developing a solution. She prides herself on putting clients first and leaving no stone unturned in pursuing the desired outcome. The most rewarding aspect of her job is building client relationships that feel almost like an “extended family.”
Outside of work, Latosha lives an active lifestyle, having been a fitness instructor for over a decade. She is also a news junkie and enjoys keeping up with current events. Additionally, Latosha has a passion for cooking and loves reading true crime and watching documentaries in her free time.
Contact Jason Habel
Contact Thomas Gee
Contact Natalee Hale
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2023-2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2023-2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Wealth Management
From Our Team
Overcoming Your 5 Biggest Retirement Challenges
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
A Simple Six-Step Retirement Checkup
Article Image
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
Iran Conflict: Seven Takeaways for Investors
Article Image
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
529 Plans: A Powerful Tool to Save for Education
Article Image
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
Article Image
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Westham Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
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.
2Morgan 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.
3Morgan 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.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 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.
7When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt 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") reserve 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 the 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.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
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.
2Morgan 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.
3Morgan 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.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 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.
7When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt 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") reserve 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 the 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.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
