James Whitney, CFA
Managing Director, Private Wealth Advisor
Phone:
(312) 453-9180(312) 453-9180
Morgan Stanley Private Wealth Management
Graystone Consulting - Chicago
Our Mission Statement
A boutique group within a global firm, Private Wealth Management is optimized to serve ultra high net worth individuals, families and foundations.
Our Story
The world in which we live and operate is changing at an unprecedented pace. Your financial advisory and consulting firm must be able to adapt quickly to the evolving needs of your family or organization, providing fresh ideas and highly personalized solutions that meet your strategic objectives. Graystone Consulting Chicago’s core principles are simple: putting clients first, leading with exceptional ideas, doing the right thing, and giving back. Prioritizing these principles in everything we do has enabled us to help families and institutions navigate countless iterations of complex financial situations. Our personalized dedication to clients, the breadth of our diverse, multidisciplined team, and our ability to serve as a hub for our clients' financial lives sets us apart.
With over 125 years of combined industry experience, and a partnership that has spanned 30 years, the Graystone team led by Jim Whitney, Michael Sakach, Mary DiChristofano, and Brian Birnbaum, brings an unparalleled level of diversity and sophistication rivaled by few in the Private Wealth Management space.
As one of the most highly accredited teams in the Midwest, these four advisors are supported by ten professionals, with areas of focus ranging from financial analysis to wealth planning. With varying degrees of distinction, including Chartered Financial Analyst (CFA) and CERTIFIED FINANCIAL PLANNER™ designations, the team is divided into sub-teams, with at least two advisors, a financial officer, and an analyst per client relationship.
Prior to Graystone, Jim, Michael, and Mary founded Frye Louis Capital Management, Inc., the first multi-family office business in the Midwest. As a testament to their success, Credit Suisse entered the family wealth management market and acquired the group in 2001 where they remained until joining Morgan Stanley as a Graystone Consulting team in 2016.
Under the Graystone umbrella, the group maintains discretionary flexibility over investment products not typically available to traditional wealth advisory firms. Driven by strong relationships with leading asset managers and a thorough approach to research, the team has sourced and developed opportunities to create bespoke solutions for clients across the entire investable landscape.
Get in touch with Graystone Consulting Chicago using the “Contact Us” link above to speak with a member of the team and learn how we can help you develop a strategy for the financial goals of your family, business, or organization.
With over 125 years of combined industry experience, and a partnership that has spanned 30 years, the Graystone team led by Jim Whitney, Michael Sakach, Mary DiChristofano, and Brian Birnbaum, brings an unparalleled level of diversity and sophistication rivaled by few in the Private Wealth Management space.
As one of the most highly accredited teams in the Midwest, these four advisors are supported by ten professionals, with areas of focus ranging from financial analysis to wealth planning. With varying degrees of distinction, including Chartered Financial Analyst (CFA) and CERTIFIED FINANCIAL PLANNER™ designations, the team is divided into sub-teams, with at least two advisors, a financial officer, and an analyst per client relationship.
Prior to Graystone, Jim, Michael, and Mary founded Frye Louis Capital Management, Inc., the first multi-family office business in the Midwest. As a testament to their success, Credit Suisse entered the family wealth management market and acquired the group in 2001 where they remained until joining Morgan Stanley as a Graystone Consulting team in 2016.
Under the Graystone umbrella, the group maintains discretionary flexibility over investment products not typically available to traditional wealth advisory firms. Driven by strong relationships with leading asset managers and a thorough approach to research, the team has sourced and developed opportunities to create bespoke solutions for clients across the entire investable landscape.
Get in touch with Graystone Consulting Chicago using the “Contact Us” link above to speak with a member of the team and learn how we can help you develop a strategy for the financial goals of your family, business, or organization.
Capabilities
- Comprehensive Wealth Planning
- Tax, Trust & Estate AdvisoryFootnote1
- Insurance SolutionsFootnote2
- Investment Management
- Manager Selection
- Consolidated Reporting
- Asset AllocationFootnote3
- Proprietary Investment Opportunities
- Open-Architecture Platform
- Risk Management
- Hedging Strategies
- Cash Management & LendingFootnote4
- Securities Based LendingFootnote5
- Tailored LendingFootnote6
- Retirement & Pension Plans
- Philanthropy Management
- Family Governance & Wealth Education
- Corporate Services
- Pre-Liquidity Planning
- Sustainable & Responsible InvestingFootnote7
- Lifestyle Advisory ServicesFootnote8
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 300 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $775 billion in AUM1
- Comprising 25% of the Barron’s Top 100 Financial Advisors list for 2023
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2023
Source: Barron's.com (April 2023) 2023 Barron's Top 100 Financial Advisors awarded in 2023. This ranking was determined based on an evaluation process conducted by Barron's during the period from Dec 2020 - Dec 2021. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Why Clients Hire Us
Graystone Consulting offers the unique combination of an institutional consulting boutique with the global resources of one of the world’s preeminent financial organizations. A separate and independent business unit of Morgan Stanley, Graystone Consulting has more than 40 years of experience advising clients as a fiduciary. The foundation of Graystone Consulting’s boutique structure is highly experienced local teams offering customized solutions and personalized service to foundations and endowments, defined benefit and defined contribution plans, Taft Hartley and municipal retirement plans, family offices and other corporate entities.
1. Boutique Multi-Family Office Solution
Our team specializes in a wide range of investment analyses and financial planning solutions. The boutique nature of our practice allows us to provide individualized attention while benefitting from the strength of a global financial institution and the full extent of its intellectual capital. Every client we serve works with a core sub-team including one lead financial advisor, a chief finance officer, and an analyst.
2. Unwavering Commitment to Our Clients
You are unique and require a bespoke approach. We take the time to familiarize ourselves with your financial circumstances - we start by building a connection grounded in trust and mutual understanding. By fully grasping all facets of your objectives, we can provide guidance and solutions specifically tailored to you.
3. Best-Practice Sharing
The Graystone brand is tied to institutional consulting excellence. Our expertise is the direct result of collaboration, both with team members and with other Graystone Consulting teams. Sharing best practices has resulted in a deep understanding of the pre/post liquidity planning and partnerships affluent families require.
4. Conflict-Free Structure
Our investment platforms and fee/compensation structures are intended to align our processes with your best interests. Proudly serving as fiduciaries, we hold ourselves to the highest ethical standards, prioritizing your circumstances and suitability needs above all else when it comes to investment choices and risk management considerations.
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Client Resources
Team Spotlight
Barron's 2024 Top 100 Institutional Consulting Teams
Last year, Graystone Consulting - Chicago was named as one of the top 100 institutional consulting teams in America. The team ranked 44th in the nation among wealth management groups that specialize in investing for large organizations—pension plans, university endowments, charitable foundations, and more. Ranked teams also work with individual investors and families looking for institutional-style oversight of their investments. The team is proud to be recognized among the elite wealth management teams across the country.
Barron's 2024 Top 100 Institutional Consulting Teams
(Source: Barron's - Awarded May 2024. Data compiled by Barron's for the time period from Jan 2023 - Dec 2023.)
Awards DisclosuresBarron's 2024 Top 100 Institutional Consulting Teams
(Source: Barron's - Awarded May 2024. Data compiled by Barron's for the time period from Jan 2023 - Dec 2023.)
To learn more about the team, navigate to the "Welcome" tab directly above. To learn more about the members of the team, scroll down and click "View My Bio" under each member's headshot:
Graystone Consulting - Chicago
- Forbes Best-In-State Wealth Management Teams: '24-'25
- Barron's Top 100 Institutional Consulting Teams: '20-'24
- Forbes America's Top Wealth Management Teams Private Wealth: 2023
- Barron's Top 100 Institutional Consulting Teams: '20-'24
- Forbes America's Top Wealth Management Teams Private Wealth: 2023
James Whitney
- Forbes America's Top Wealth Advisors: 2022-24
- Forbes Best-In-State Wealth Advisors (Illinois): 2021-24
- Barron's Top 1200 Financial Advisors: 2018-24
James' Forbes Profile- Forbes Best-In-State Wealth Advisors (Illinois): 2021-24
- Barron's Top 1200 Financial Advisors: 2018-24
Michael Sakach
- Forbes Best-In-State Wealth Advisors (Illinois): 2020-24
- Barron's Top-1200 Financial Advisors: 2021-23
Michael's Forbes Profile- Barron's Top-1200 Financial Advisors: 2021-23
Mary DiChristofano
- America's Top Women Advisors: 2020-24
- Forbes Best-In-State Wealth Advisors (Illinois): 2021-24
- Morgan Stanley MAKER: 2022
Mary's Forbes Profile- Forbes Best-In-State Wealth Advisors (Illinois): 2021-24
- Morgan Stanley MAKER: 2022
Disclosures:
Barron's Top 100 Institutional Consulting Teams (formerly referred to as Barron's Top 50 Institutional Consulting Teams, Barron's Top 50 Institutional Consultants, Barron's Top 30 Institutional Consultants)
Source: Barrons.com (Awarded April 2020-24). Data compiled by Barron's based on 12-month period concluding in Dec. of the year prior to the issuance of the award.
2022-24 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded 2022-24). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
2020-2024 Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020-24). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2018-2024 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2018-2024). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2020-2024 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors)
Source: Forbes.com (Awarded 2020-24). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
2024-2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2024-2025) Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Forbes America’s Top Private Wealth Management Teams
Source: Forbes.com (Awarded Nov 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.
Awards DisclosuresSource: Barrons.com (Awarded April 2020-24). Data compiled by Barron's based on 12-month period concluding in Dec. of the year prior to the issuance of the award.
2022-24 Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded 2022-24). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
2020-2024 Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2020-24). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2018-2024 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2018-2024). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2020-2024 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors)
Source: Forbes.com (Awarded 2020-24). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
2024-2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2024-2025) Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Forbes America’s Top Private Wealth Management Teams
Source: Forbes.com (Awarded Nov 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.
Location
233 S Wacker Dr
Suite 9390
Chicago, IL 60606
US
Direct:
(312) 453-9188(312) 453-9188
Meet Graystone Consulting - Chicago
Michael Sakach, CFA
Managing Director, Private Wealth Advisor
Phone:
(312) 453-9192(312) 453-9192
Mary DiChristofano, CFP®
Managing Director, Wealth Management, Private Wealth Advisor, Lending Specialist, Family Wealth Director
Phone:
(312) 453-9186(312) 453-9186
Brian Birnbaum, CFA
Executive Director, Private Wealth Advisor, Alternative Investments Director
Phone:
(312) 453-9194(312) 453-9194
Matthew Gurwin
Vice President, Private Wealth Advisor
Phone:
(248) 258-1187(248) 258-1187
Matthew C. Jennings
Vice President, Director of Investments
Phone:
(312) 453-9189(312) 453-9189
Stephanie Carlisle, CFP®
First Vice President, Investment Consultant
Phone:
(312) 453-9181(312) 453-9181
Matthew Conway, CFA, CFP®
Vice President, Investment Consultant
Phone:
(312) 453-9182(312) 453-9182
Margot Craig, CFP®
Vice President, Investment Consultant
Phone:
(312) 453-9191(312) 453-9191
Nicole Kuhn
Vice President, Group Director
Phone:
(312) 453-9188(312) 453-9188
Nicole Stout
Team Administrator, Executive Assistant
Phone:
(312) 453-9184(312) 453-9184
Mike Pollard, CFA
Assistant Vice President, Portfolio Management Associate
Phone:
(312) 453-9174(312) 453-9174
Lauren Kosten, CFP®
Assistant Vice President, Financial Planning Analyst
Phone:
(312) 453-9183(312) 453-9183
Saniah Qureshi
Institutional Consulting Analyst
Phone:
(312) 453-9187(312) 453-9187
Nathan Hicks
PWM Analyst
Phone:
(312) 453-9167(312) 453-9167
Leia Turpeau, CFP®
Wealth Management Associate
Phone:
(312) 453-9137(312) 453-9137
Jack Durchin
Registered Client Service Associate
Phone:
(312) 453-9148(312) 453-9148
About James Whitney
James Whitney is a Managing Director for Graystone Consulting at Morgan Stanley. He is responsible for several, significant family relationships and is one of four Private Wealth Advisors on the Graystone – Chicago team. A 30-year veteran of the financial services industry, he has been with Morgan Stanley since 2016.
“Jim” received his Bachelor’s and MBA degrees from DePaul University, where he majored in Finance & Marketing. After graduating, he joined Harris Investment Management a business unit of ABN-AMRO as an investment relationship manager for a multitude of families, endowments, and foundations. While there, he was a voting member of the investment management committee, which managed over $50 billion of client assets. Jim eventually joined Frye Louis Capital Management -- the first multi-family office business created in the Midwest -- as a founding partner, President and Chief Investment Officer. After Frye Louis Capital Management was purchased by Credit Suisse in 2001, he joined the firm before ultimately moving to Morgan Stanley in 2016.
As a Charted Financial Analyst® charterholder, Jim has been involved with the CFA Institute, serving in various capacities. Prior to that, he was the Chairman of the Board of the CFA Society of Chicago. He is actively involved in local community charities and is a member of Illinois Diversity Council.
“Jim” received his Bachelor’s and MBA degrees from DePaul University, where he majored in Finance & Marketing. After graduating, he joined Harris Investment Management a business unit of ABN-AMRO as an investment relationship manager for a multitude of families, endowments, and foundations. While there, he was a voting member of the investment management committee, which managed over $50 billion of client assets. Jim eventually joined Frye Louis Capital Management -- the first multi-family office business created in the Midwest -- as a founding partner, President and Chief Investment Officer. After Frye Louis Capital Management was purchased by Credit Suisse in 2001, he joined the firm before ultimately moving to Morgan Stanley in 2016.
As a Charted Financial Analyst® charterholder, Jim has been involved with the CFA Institute, serving in various capacities. Prior to that, he was the Chairman of the Board of the CFA Society of Chicago. He is actively involved in local community charities and is a member of Illinois Diversity Council.
Securities Agent: NJ, NH, MT, MI, TX, NC, IA, KY, KS, IL, FL, CT, AZ, AR, UT, GA, WA, VA, PA, OH, MA, IN, ID, DC, MO, LA, CA, AK, TN, SC, NE, NM, CO, VT, NY, DE, AL, WI, OR, NV, MN, HI, SD; General Securities Representative; Investment Advisor Representative
NMLS#: 1500602
NMLS#: 1500602
About Michael Sakach
Michael Sakach is a Managing Director for Graystone Consulting at Morgan Stanley. He is the lead advisor for many of the team’s largest families and individual clients.
“Mike” received his Bachelor’s in Economics and Business Administration from Augustana College before receiving his MBA in Finance from Northern Illinois University. He launched his professional career with Harris Trust & Savings Bank, where he served as a Portfolio Manager for the Bank’s family trust relationships and UHNW individual client relationships. He was also selected to oversee the Bank’s largest commingled equity investment fund, the Common Stock Fund. Mike became a founding partner of Frye Louis Capital Management Inc., which was the first multi-family office business created in the Midwest. At Frye Louis, Mike was a portfolio manager and served on the firm’s core active investment management offerings, its asset allocation process and institutional consulting manager selection team. After the advisory practice was purchased by Credit Suisse in 2001, he became a Director in their Family Wealth Management group (FWM) within their US Private Bank. In 2016, Mike joined Morgan Stanley/Graystone Consulting, bringing his decades of experience as a portfolio manager, investment consultant and financial advisor to his clients.
Mike lives in Glen Ellyn with his wife Diane, and they have two adult daughters. He sits on the Investment Board for St. Petronille School Endowment, a Catholic school which provides Pre-K through middle school. He also serves as a member of the Investment Committee for the Sisters of The Holy Family of Nazareth. In his remaining free time, Mike is an avid runner who ran for his college and has qualified for the Boston Marathon spanning three decades. Besides running, he also enjoys athletic endeavors including cycling and hiking.
“Mike” received his Bachelor’s in Economics and Business Administration from Augustana College before receiving his MBA in Finance from Northern Illinois University. He launched his professional career with Harris Trust & Savings Bank, where he served as a Portfolio Manager for the Bank’s family trust relationships and UHNW individual client relationships. He was also selected to oversee the Bank’s largest commingled equity investment fund, the Common Stock Fund. Mike became a founding partner of Frye Louis Capital Management Inc., which was the first multi-family office business created in the Midwest. At Frye Louis, Mike was a portfolio manager and served on the firm’s core active investment management offerings, its asset allocation process and institutional consulting manager selection team. After the advisory practice was purchased by Credit Suisse in 2001, he became a Director in their Family Wealth Management group (FWM) within their US Private Bank. In 2016, Mike joined Morgan Stanley/Graystone Consulting, bringing his decades of experience as a portfolio manager, investment consultant and financial advisor to his clients.
Mike lives in Glen Ellyn with his wife Diane, and they have two adult daughters. He sits on the Investment Board for St. Petronille School Endowment, a Catholic school which provides Pre-K through middle school. He also serves as a member of the Investment Committee for the Sisters of The Holy Family of Nazareth. In his remaining free time, Mike is an avid runner who ran for his college and has qualified for the Boston Marathon spanning three decades. Besides running, he also enjoys athletic endeavors including cycling and hiking.
Securities Agent: AZ, AR, WI, NV, WA, OH, LA, IA, MN, IN, DC, OR, CO, AK, SC, NJ, MT, HI, GA, AL, SD, ID, FL, NM, NH, KY, NY, NE, DE, CT, CA, VA, UT, NC, MO, MA, VT, TX, TN, PA, MI, KS, IL; General Securities Representative; Investment Advisor Representative
NMLS#: 1482060
NMLS#: 1482060
About Mary DiChristofano
Mary DiChristofano is a Managing Director, Private Wealth Advisor, Lending Specialist and Family Wealth Director for Graystone Consulting – Chicago at Morgan Stanley. She currently services the firm’s clients as their Family CFO, coordinating all their financial and estate planning needs as well as philanthropic intents. Backed by a talented team of specialized professionals, Mary’s attention to the nuances of each client profile and unique financial goals has cemented Morgan Stanley/Graystone’s reputation as a firm in a category of one.
Prior to joining Morgan Stanley, Mary launched her financial career in 1988 with LaSalle Bank’s Financial Planning Group, where she worked with ultra-high net worth clients in every facet of their comprehensive financial plans. Mary then helped launch Frye Louis Capital Management, Inc. as a founding partner and Managing Director. The new venture was the first multi-family office business created in the Midwest, a historic accomplishment. Frye Louis was subsequently acquired by Credit Suisse in 2001 where Mary and the team served as the Family Office team within Credit Suisse. Mary and her team eventually joined Morgan Stanley in 2016 and have been with the firm ever since. With over 30 years of experience in the financial services industry across several companies, Mary has amassed a familiarity with every facet of Private Wealth Management from estate planning to tax strategy and investment management. Her network of industry specialists that she has collaborated with throughout her career extends beyond Morgan Stanley, and Mary prides herself on leveraging this network to connect her clients with the experts and advisors they need. Given her mastery of the industry, Mary seamlessly integrates the work of these various professionals to provide holistic advice to her clients.
Outside of her primary responsibilities, Mary is a member of the Private Wealth Management Advisory Council and the Great Lakes Financial Advisory Council. She is also a Co-Chair of the Great Lakes Mega Team Council. Within her role as clients’ Family CFO, Mary pays special attention to the financial education of clients and their families. This dedication to promoting financial literacy extends outside of her professional duties, and in her free time, she works with various charities to teach financial literacy and wellness. In recognition of her commitment and contribution to her field, Mary was named to the Morgan Stanley MAKERS class of 2022.
Prior to joining Morgan Stanley, Mary launched her financial career in 1988 with LaSalle Bank’s Financial Planning Group, where she worked with ultra-high net worth clients in every facet of their comprehensive financial plans. Mary then helped launch Frye Louis Capital Management, Inc. as a founding partner and Managing Director. The new venture was the first multi-family office business created in the Midwest, a historic accomplishment. Frye Louis was subsequently acquired by Credit Suisse in 2001 where Mary and the team served as the Family Office team within Credit Suisse. Mary and her team eventually joined Morgan Stanley in 2016 and have been with the firm ever since. With over 30 years of experience in the financial services industry across several companies, Mary has amassed a familiarity with every facet of Private Wealth Management from estate planning to tax strategy and investment management. Her network of industry specialists that she has collaborated with throughout her career extends beyond Morgan Stanley, and Mary prides herself on leveraging this network to connect her clients with the experts and advisors they need. Given her mastery of the industry, Mary seamlessly integrates the work of these various professionals to provide holistic advice to her clients.
Outside of her primary responsibilities, Mary is a member of the Private Wealth Management Advisory Council and the Great Lakes Financial Advisory Council. She is also a Co-Chair of the Great Lakes Mega Team Council. Within her role as clients’ Family CFO, Mary pays special attention to the financial education of clients and their families. This dedication to promoting financial literacy extends outside of her professional duties, and in her free time, she works with various charities to teach financial literacy and wellness. In recognition of her commitment and contribution to her field, Mary was named to the Morgan Stanley MAKERS class of 2022.
Securities Agent: MO, IA, VT, UT, TX, NE, PA, KS, HI, FL, NC, DE, AZ, AR, SC, OR, NY, MA, AK, VA, NM, MT, LA, AL, WA, GA, CO, SD, IL, DC, CT, OH, NJ, NH, KY, IN, ID, CA, WI, TN, NV, MN, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 1492070
NMLS#: 1492070
About Brian Birnbaum
Brian Birnbaum is a Senior Vice President for Graystone Consulting – Chicago at Morgan Stanley. For the past 5 years, he has worked with clients in the areas of asset allocation and investment policy development, manager selection and ongoing program monitoring.
An alumni of Loyola University Chicago, Brian started his career with Aon Advisors, where he managed fixed income portfolios, performed equity analyses, and implemented derivative strategies. He then went on to work for other firms such as Mercer and Credit Suisse, where he accumulated over 20 years of institutional investment experience. Brian is a Chartered Financial Analyst® charterholder and a member of the CFA Society of Chicago and the CFA Institute.
Outside of work, Brian is a Board Member and Board Treasurer of the Oak Park River Forest Infant Welfare Society. He lives in Clarendon Hills with his wife, Carol, and their two boys, and they enjoy traveling in their free time. Brian is a proud wine collector.
An alumni of Loyola University Chicago, Brian started his career with Aon Advisors, where he managed fixed income portfolios, performed equity analyses, and implemented derivative strategies. He then went on to work for other firms such as Mercer and Credit Suisse, where he accumulated over 20 years of institutional investment experience. Brian is a Chartered Financial Analyst® charterholder and a member of the CFA Society of Chicago and the CFA Institute.
Outside of work, Brian is a Board Member and Board Treasurer of the Oak Park River Forest Infant Welfare Society. He lives in Clarendon Hills with his wife, Carol, and their two boys, and they enjoy traveling in their free time. Brian is a proud wine collector.
Securities Agent: IA, AZ, WI, VA, NE, IN, FL, AL, PA, OR, MO, KY, NH, MN, HI, VT, SD, WA, TN, NY, NV, DC, NC, MA, GA, CA, TX, SC, OH, NM, DE, AK, UT, NJ, MT, CO, LA, CT, AR, MI, KS, IL, ID; General Securities Representative; Investment Advisor Representative
NMLS#: 1698552
NMLS#: 1698552
About Matthew Gurwin
Matthew Gurwin is a Vice President and Private Wealth Advisor for Graystone Consulting at Morgan Stanley. He specializes in advising wealthy business owners and families, especially those considering substantial liquidity events due to the sale or recapitalization of a privately held business. A veteran of the financial services industry, Matt draws on his 20 years of experience in the field to collaborate with professionals in a range of industries, build relationships with existing and prospective clients, and enhance internal operations to improve our clients' experience.
Matt earned both his Bachelor’s Degree and his MBA from the University of Michigan. Prior to joining Graystone Consulting - Chicago, Matt was a Principal at Doeren Mayhew leading their firm’s business development efforts. Earlier in his career, Matt worked at Telemus Capital Partners, LLC, as a managing director and as an Investment Banker for Deloitte Corporate Finance.
Outside the office, Matt enjoys spending quality time with his wife, Aundrianna and their four children.
Matt earned both his Bachelor’s Degree and his MBA from the University of Michigan. Prior to joining Graystone Consulting - Chicago, Matt was a Principal at Doeren Mayhew leading their firm’s business development efforts. Earlier in his career, Matt worked at Telemus Capital Partners, LLC, as a managing director and as an Investment Banker for Deloitte Corporate Finance.
Outside the office, Matt enjoys spending quality time with his wife, Aundrianna and their four children.
Securities Agent: TX, MA, HI, NV, NE, MI, CO, AK, TN, NJ, MO, IN, ID, AR, WA, OH, GA, CA, NH, MT, FL, CT, NC, AZ, UT, KS, IL, AL, VA, NY, LA, DC, SD, SC, OR, NM, MN, KY, IA, DE, WI, VT, PA; General Securities Representative; Investment Advisor Representative
NMLS#: 2607568
NMLS#: 2607568
About Matthew C. Jennings
Matthew C. Jennings is a Vice President-Director of Investments at Graystone Consulting. Matt's primary responsibilities include investment manager research and analysis. Prior to joining Graystone, Matt worked on the Credit Suisse Family Wealth Management team where his primary responsibility was also investment manager research and analysis. In 2004, Matt joined Frye Louis Capital Management, Inc. (FLCM), which was purchased by Credit Suisse in 2001 and merged into Credit Suisse Securities (USA) LLC in January of 2006.Prior to joining FLCM, he spent four years as a Senior Financial Analyst with PPM America, Inc., a large investment management firm. Matt began his career in the Audit and Assurance Business Services division of Arthur Andersen LLP, where he performed audit field work in a variety of industries, including hedge funds. Matt received a Bachelor in Business Administration in Accounting from the University of Notre Dame.
About Stephanie Carlisle
Stephanie Carlisle is a First Vice President and Investment Consultant for Graystone Consulting at Morgan Stanley. She provides comprehensive wealth advisory services to high-net-worth individuals and multi-generational families. Specifically, she coordinates with tax, legal and insurance professionals to develop and implement estate, tax, and philanthropic strategies, and coordinates the client’s goals with the investment management program. With 20 years of experience in the financial services industry, Stephanie has advised many families on legacy planning, wealth education and family governance matters.
After graduating from The University of Illinois – Champaign/Urbana with a Bachelor’s in Finance, Stephanie began her career with Arthur Andersen. She eventually joined Frye-Louis Capital Management, Inc. before it was purchased by Credit Suisse. She then worked in their Family Wealth Management department before joining the Graystone team. Since entering the industry, she has gained her CERTIFIED FINANCIAL PLANNER™ marks and Certified Public Accountant (CPA) designation (nonpracticing CPA at Morgan Stanley), and she has become a member of the Financial Planning Association, Chicago Estate Planning Council, and Legacy Partners, an organization affiliated with the Ann & Robert H. Lurie Children’s Hospital of Chicago.
Stephanie lives in Western Springs with her husband and three children. In her spare time, she enjoys exercising, reading, and spending time with family and friends.
After graduating from The University of Illinois – Champaign/Urbana with a Bachelor’s in Finance, Stephanie began her career with Arthur Andersen. She eventually joined Frye-Louis Capital Management, Inc. before it was purchased by Credit Suisse. She then worked in their Family Wealth Management department before joining the Graystone team. Since entering the industry, she has gained her CERTIFIED FINANCIAL PLANNER™ marks and Certified Public Accountant (CPA) designation (nonpracticing CPA at Morgan Stanley), and she has become a member of the Financial Planning Association, Chicago Estate Planning Council, and Legacy Partners, an organization affiliated with the Ann & Robert H. Lurie Children’s Hospital of Chicago.
Stephanie lives in Western Springs with her husband and three children. In her spare time, she enjoys exercising, reading, and spending time with family and friends.
About Matthew Conway
Matthew Conway is an Investment Consultant and Portfolio Manager Specialist for Graystone Consulting – Chicago at Morgan Stanley since 2016. He is responsible for the daily planning and management of clients' investment portfolios, as well as working with next generation clients to help them make sense of the markets and the basics of financial planning.
Prior to joining the firm, “Matt” graduated from Loyola University Chicago in 2005, where he majored in Economics and Finance. He started his professional career with Cheiron Trading in Chicago as an Analyst & Trader, where he managed a portfolio of Fixed Income, Equity, Commodity and Energy futures trading strategies. He then transitioned to Credit Suisse Family Wealth Management as an Assistant Vice President before joining Morgan Stanley in 2016. Matt is both a Chartered Financial Analyst® charterholder as well as a CERTIFIED FINANCIAL PLANNER™ practitioner, and he uses these designations to build client investment portfolios.
A native of Forest Park, Matt lives with his wife Christine, his two daughters Penelope and Tess, and his two dogs Buehrle (Golden Retriever) and Louie (Mut). In his free time, Matt enjoys playing soccer and golf, as well as traveling with his family. He is an active member of the Cystic Fibrosis Foundation’s Greater Illinois Chapter.
Prior to joining the firm, “Matt” graduated from Loyola University Chicago in 2005, where he majored in Economics and Finance. He started his professional career with Cheiron Trading in Chicago as an Analyst & Trader, where he managed a portfolio of Fixed Income, Equity, Commodity and Energy futures trading strategies. He then transitioned to Credit Suisse Family Wealth Management as an Assistant Vice President before joining Morgan Stanley in 2016. Matt is both a Chartered Financial Analyst® charterholder as well as a CERTIFIED FINANCIAL PLANNER™ practitioner, and he uses these designations to build client investment portfolios.
A native of Forest Park, Matt lives with his wife Christine, his two daughters Penelope and Tess, and his two dogs Buehrle (Golden Retriever) and Louie (Mut). In his free time, Matt enjoys playing soccer and golf, as well as traveling with his family. He is an active member of the Cystic Fibrosis Foundation’s Greater Illinois Chapter.
About Margot Craig
Margot Craig is a Vice President and Investment Consultant for Graystone Consulting at Morgan Stanley. She provides comprehensive wealth advisory services to high-net-worth individuals and multi-generational families. She focuses on coordinating with tax, legal, and insurance professionals to develop and implement estate, tax, and philanthropic strategies, and ensuring the alignment of client goals with investment management objectives.
Margot graduated from Georgetown University with a major in Finance and a minor in French. She started her career as a financial consultant but quickly found her way to a career in wealth management, initially working as a paraplanner and eventually earning her CERTIFIED FINANCIAL PLANNER™ marks. She has 8+ years of experience working with CPAs and Attorneys to provide holistic advice to her clients to help facilitate the process of developing and implementing complex estate and tax planning strategies. In addition to her professional responsibilities, she also serves on the Chicago Georgetown Alumni board, which organizes networking events for local graduates.
Margot has lived in Chicago, IL for the past 10 years, but grew up in St. Louis, MO. In her spare time, she likes to read, paint with acrylics on canvas, scuba dive, and travel with friends and family. She also enjoys exercising, especially boxing, hiking, and skiing.
Margot graduated from Georgetown University with a major in Finance and a minor in French. She started her career as a financial consultant but quickly found her way to a career in wealth management, initially working as a paraplanner and eventually earning her CERTIFIED FINANCIAL PLANNER™ marks. She has 8+ years of experience working with CPAs and Attorneys to provide holistic advice to her clients to help facilitate the process of developing and implementing complex estate and tax planning strategies. In addition to her professional responsibilities, she also serves on the Chicago Georgetown Alumni board, which organizes networking events for local graduates.
Margot has lived in Chicago, IL for the past 10 years, but grew up in St. Louis, MO. In her spare time, she likes to read, paint with acrylics on canvas, scuba dive, and travel with friends and family. She also enjoys exercising, especially boxing, hiking, and skiing.
About Nicole Kuhn
Nicole Kuhn is a Vice President and Group Director for Graystone Consulting – Chicago at Morgan Stanley, a position she’s held since 2016. She is responsible for overseeing the operational infrastructure and day-to-day activities for the team. This includes driving all initiatives to ensure that clients have an exceptional service experience and providing an open forum for the Private Wealth Advisors to discuss strategic business development ventures.
A 2007 graduate of University of Wisconsin – Madison, Nicole began her professional career with Smith Barney as an Intern. She then transitioned into an Operations Associate role with the firm before joining Graystone Consulting as an Institutional Consulting Analyst in 2008. Nicole subsequently joined Wells Fargo and Credit Suisse before re-joining the firm in 2016. Nicole leads the team’s volunteer push, orchestrating various opportunities where the team can give back to Chicago-based charitable organizations.
Originally from Madison, Wisconsin, Nicole now lives in Bucktown with her husband Peter and her son, Cooper. She started a working mom’s group in her neighborhood that now consists of 30 mothers and growing babies. In her free time, she enjoys traveling outside the country.
A 2007 graduate of University of Wisconsin – Madison, Nicole began her professional career with Smith Barney as an Intern. She then transitioned into an Operations Associate role with the firm before joining Graystone Consulting as an Institutional Consulting Analyst in 2008. Nicole subsequently joined Wells Fargo and Credit Suisse before re-joining the firm in 2016. Nicole leads the team’s volunteer push, orchestrating various opportunities where the team can give back to Chicago-based charitable organizations.
Originally from Madison, Wisconsin, Nicole now lives in Bucktown with her husband Peter and her son, Cooper. She started a working mom’s group in her neighborhood that now consists of 30 mothers and growing babies. In her free time, she enjoys traveling outside the country.
About Nicole Stout
Nicole Stout is an Administrator and Executive Assistant for Graystone Consulting - Chicago at Morgan Stanley. Her primary functions include helping Advisors and support staff with day to day business practices, including managing day-to-day operations, as well as servicing general client requests and needs and providing exceptional client service.
Shortly after receiving her degree in Business Administration from Robert Morris University in Chicago, Nicole began working with the team in 1996 during their days as Frye-Louis Capital Management, Inc.. In 2020, she was awarded the Great Lakes Spotlight Award, a recognition bestowed on employees who have achieved true service success by going above and beyond and creating solutions implemented for improving quality.
Nicole lives in the South suburbs with her husband, and two boys. In her free time, she likes to bike ride on trails with a local biking group and friends and enjoys relaxing at her pool during the summer months.
Shortly after receiving her degree in Business Administration from Robert Morris University in Chicago, Nicole began working with the team in 1996 during their days as Frye-Louis Capital Management, Inc.. In 2020, she was awarded the Great Lakes Spotlight Award, a recognition bestowed on employees who have achieved true service success by going above and beyond and creating solutions implemented for improving quality.
Nicole lives in the South suburbs with her husband, and two boys. In her free time, she likes to bike ride on trails with a local biking group and friends and enjoys relaxing at her pool during the summer months.
About Mike Pollard
Mike Pollard is a Portfolio Management Associate for Graystone Consulting – Chicago at Morgan Stanley since 2024. He is responsible for the daily planning and management of clients' investment portfolios.
Prior to joining the firm, Mike graduated from Northern Illinois University in 2009, where he majored in Finance. He started his professional career with Calamos Investments as an Analyst, where he was a member of the investment team managing mutual fund portfolios. He then transitioned to Aon as a Hedge Fund Research Analyst where he managed hedge fund portfolios for clients. Following Aon, he worked for Merrill Lynch Private Wealth Management as an Analyst, providing asset allocation and investment advice for HNW and UHNW families. Mike is a Chartered Financial Analyst® charterholder and he uses his designation to build client investment portfolios.
Mike grew up in Elk Grove Village and currently lives in Chicago with his wife Meredith, son Cameron, and dog Addison. In his spare time, Mike enjoys playing golf, as well as traveling with friends and family.
*This role cannot solicit or provide investment advice.
Prior to joining the firm, Mike graduated from Northern Illinois University in 2009, where he majored in Finance. He started his professional career with Calamos Investments as an Analyst, where he was a member of the investment team managing mutual fund portfolios. He then transitioned to Aon as a Hedge Fund Research Analyst where he managed hedge fund portfolios for clients. Following Aon, he worked for Merrill Lynch Private Wealth Management as an Analyst, providing asset allocation and investment advice for HNW and UHNW families. Mike is a Chartered Financial Analyst® charterholder and he uses his designation to build client investment portfolios.
Mike grew up in Elk Grove Village and currently lives in Chicago with his wife Meredith, son Cameron, and dog Addison. In his spare time, Mike enjoys playing golf, as well as traveling with friends and family.
*This role cannot solicit or provide investment advice.
About Lauren Kosten
Lauren Kosten is a Financial Planning Analyst for Graystone Consulting - Chicago at Morgan Stanley. Her primary functions include creating state-of-the art Wealth Planning Solutions for the team's clients and assisting the Advisors in incorporating sophisticated solutions to meet long-term objectives.
Lauren began her professional career with JPMorgan after graduating from Grand Valley State University with a Bachelor’s in Public Relations & Communications. While at JPMorgan, Lauren focused on client development, retention, and outreach. Since joining Morgan Stanley in 2015, Lauren has become a mentor in the Morgan Stanley mentorship program. Additionally, she was awarded the Support Professional Ambassador Award in 2019. Lauren has also earned her CERTIFIED FINANCIAL PLANNER™ marks, enabling her to provide even more value to clients and the team. Lauren’s attention to detail and time management skills have helped the team accrue national industry recognition.
When she’s not in the office, Lauren serves as an Eric Verhaar Scholarship volunteer. This scholarship raises money to help local West Michigan juniors and seniors currently attending any university in the state with funds to help pay for tuition, books, or housing. Additionally, she enjoys traveling to places where she can camp.
*This role cannot solicit or provide investment advice.
Lauren began her professional career with JPMorgan after graduating from Grand Valley State University with a Bachelor’s in Public Relations & Communications. While at JPMorgan, Lauren focused on client development, retention, and outreach. Since joining Morgan Stanley in 2015, Lauren has become a mentor in the Morgan Stanley mentorship program. Additionally, she was awarded the Support Professional Ambassador Award in 2019. Lauren has also earned her CERTIFIED FINANCIAL PLANNER™ marks, enabling her to provide even more value to clients and the team. Lauren’s attention to detail and time management skills have helped the team accrue national industry recognition.
When she’s not in the office, Lauren serves as an Eric Verhaar Scholarship volunteer. This scholarship raises money to help local West Michigan juniors and seniors currently attending any university in the state with funds to help pay for tuition, books, or housing. Additionally, she enjoys traveling to places where she can camp.
*This role cannot solicit or provide investment advice.
About Saniah Qureshi
Saniah Qureshi is an Investment Consulting Analyst for Graystone Consulting - Chicago at Morgan Stanley. Her responsibilities include spearheading the team’s investment analysis and customized reporting needs for clients.
After graduating from the University of North Carolina at Chapel Hill with a Bachelor’s in Business Administration and a concentration in Finance, she went to Lewis University for her MBA in Business Administration, where she finished at the top of her class. Saniah started her professional career structuring and trading mortgages for Bank of America. In 2018, she joined Morgan Stanley as an advisor before ultimately joining the team in 2019. As the team’s reporting expert and curator of tailored performance presentations for portfolio managers and team members, Saniah’s analytical mindset and deep-rooted interest in finance has made her an integral part of the Graystone team.
A native of India, Saniah has lived in Chicago since 2008 with her husband and two daughters. She frequently volunteers at Lurie’s Children’s hospital, and she sponsors & raises cash for underprivileged girls in India and Bangladesh. In her spare time, she likes to go on hikes and bake new creations.
After graduating from the University of North Carolina at Chapel Hill with a Bachelor’s in Business Administration and a concentration in Finance, she went to Lewis University for her MBA in Business Administration, where she finished at the top of her class. Saniah started her professional career structuring and trading mortgages for Bank of America. In 2018, she joined Morgan Stanley as an advisor before ultimately joining the team in 2019. As the team’s reporting expert and curator of tailored performance presentations for portfolio managers and team members, Saniah’s analytical mindset and deep-rooted interest in finance has made her an integral part of the Graystone team.
A native of India, Saniah has lived in Chicago since 2008 with her husband and two daughters. She frequently volunteers at Lurie’s Children’s hospital, and she sponsors & raises cash for underprivileged girls in India and Bangladesh. In her spare time, she likes to go on hikes and bake new creations.
About Nathan Hicks
Nathan is a Private Wealth Analyst at Graystone Consulting, where he focuses on running client reports, updating allocation models, executing investment transactions, and analyzing portfolio performance. Nathan holds a Bachelor’s degree from the University of Louisville and an MBA from Southern Methodist University.
Before joining the Graystone team, Nathan began his Morgan Stanley career in operations while he was attending graduate school, where he focused on the implementation of firm policies and procedures, identification of potential financial risk, and compliance. This foundation provided him with a deep understanding of the complexities within the financial industry. Following his time in operations, Nathan served as an analyst on a smaller wealth management team, where he gained invaluable hands-on experience working directly with clients. Driven by a passion for continuous learning—a value rooted in his upbringing within a family of educators—Nathan sought a larger platform with broader growth opportunities, which ultimately led him to join Graystone Consulting.
Beyond his professional responsibilities, Nathan is dedicated to supporting his community, particularly in education and financial literacy. He has organized book drives for the Chicago Culture Collective within Morgan Stanley in partnership with WITS, volunteers with iMentor, and participates in after-school programs with Chicago Public Schools to help students explore potential career paths. In his spare time, Nathan enjoys running marathons, playing basketball and soccer, and cheering on the Dallas Mavericks.
Before joining the Graystone team, Nathan began his Morgan Stanley career in operations while he was attending graduate school, where he focused on the implementation of firm policies and procedures, identification of potential financial risk, and compliance. This foundation provided him with a deep understanding of the complexities within the financial industry. Following his time in operations, Nathan served as an analyst on a smaller wealth management team, where he gained invaluable hands-on experience working directly with clients. Driven by a passion for continuous learning—a value rooted in his upbringing within a family of educators—Nathan sought a larger platform with broader growth opportunities, which ultimately led him to join Graystone Consulting.
Beyond his professional responsibilities, Nathan is dedicated to supporting his community, particularly in education and financial literacy. He has organized book drives for the Chicago Culture Collective within Morgan Stanley in partnership with WITS, volunteers with iMentor, and participates in after-school programs with Chicago Public Schools to help students explore potential career paths. In his spare time, Nathan enjoys running marathons, playing basketball and soccer, and cheering on the Dallas Mavericks.
About Leia Turpeau
Leia Turpeau is a Wealth Management Associate for Graystone Consulting -Chicago at Morgan Stanley. Leia works closely with the team’s Financial Advisors to develop tailored solutions to help clients execute their financial goals. Leia brings two decades of financial services expertise to the team, including her experiences at J.P. Morgan Private Bank and J.P. Morgan Advisors as a Senior Client Associate. She has obtained her Series 7 & 66 licenses, as well as the CERTIFIED FINANCIAL PLANNER™ designation, empowering her to provide holistic client support.
Prior to her career in wealth management, Leia attended Hampton University in Virginia, earning a B.S. in marketing. A Chicago, IL native, Leia currently lives in South Shore with her two sons. A cause she is passionate about is youth mentorship, having previously served as a Ladies of Virtue (LOV) Councilmember, an organization that provides resources and leadership opportunities to young inner-city girls. In her free time, Leia enjoys attending concerts, watching her sons' sporting events, and exploring new restaurants around Chicago.
*This role cannot solicit or provide investment advice.
Prior to her career in wealth management, Leia attended Hampton University in Virginia, earning a B.S. in marketing. A Chicago, IL native, Leia currently lives in South Shore with her two sons. A cause she is passionate about is youth mentorship, having previously served as a Ladies of Virtue (LOV) Councilmember, an organization that provides resources and leadership opportunities to young inner-city girls. In her free time, Leia enjoys attending concerts, watching her sons' sporting events, and exploring new restaurants around Chicago.
*This role cannot solicit or provide investment advice.
About Jack Durchin
Jack Durchin is a Registered Client Service Associate for Graystone Consulting - Chicago at Morgan Stanley. Jack assists clients with their account management needs, trade executions, and handles other administrative duties for the team.
Jack joined Morgan Stanley in 2024, having previously worked in a similar role on a Wealth Management team at Fidelity and Jack earned his degree in Financial Planning from Arizona State University.
Originally from Glenview, IL, Jack moved back to Chicago after college and currently resides there with his dog, Dexter. Outside the office, Jack is an avid Chicago Cubs fan who enjoys running, cooking, and exploring new restaurants around the city.
Jack joined Morgan Stanley in 2024, having previously worked in a similar role on a Wealth Management team at Fidelity and Jack earned his degree in Financial Planning from Arizona State University.
Originally from Glenview, IL, Jack moved back to Chicago after college and currently resides there with his dog, Dexter. Outside the office, Jack is an avid Chicago Cubs fan who enjoys running, cooking, and exploring new restaurants around the city.
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1Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
2Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
3Asset Allocation does not assure a profit or protect against loss in declining financial markets.
4Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
5Borrowing against securities may not be appropriate for everyone. You should 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.
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.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
6Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
7Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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.
8Morgan Stanley Smith Barney LLC (the “Firm”) and its affiliates do not currently offer the services provided by this Service Provider(s). The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s). The Firm makes no representations regarding the appropriate or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers for comparative purposes. If you choose to contact the Service Provider(s), do thorough due diligence, and make your own independent decision.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
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Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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1Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
2Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
3Asset Allocation does not assure a profit or protect against loss in declining financial markets.
4Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
5Borrowing against securities may not be appropriate for everyone. You should 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.
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.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
6Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
7Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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.
8Morgan Stanley Smith Barney LLC (the “Firm”) and its affiliates do not currently offer the services provided by this Service Provider(s). The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s). The Firm makes no representations regarding the appropriate or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers for comparative purposes. If you choose to contact the Service Provider(s), do thorough due diligence, and make your own independent decision.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
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Awards Disclosures
CRC 6295606 (3/2024)
