Managing Director, Wealth Management, Financial Advisor, Family Wealth Director, Senior Portfolio Manager, Lending Specialist
Yehuda Wealth Management Group at Morgan Stanley
Direct:
(212) 643-5815(212) 643-5815
Toll-Free:
(800) 223-4565(800) 223-4565
Industry Award WinnerOur Mission Statement
My team provides experienced wealth planning services for your life and legacy goals. We are uniquely focused on you and your family, addressing multi-generational needs, and estate planning.
Our Story and Services
My goal is to thoroughly understand your financial needs and then align the resources to help you meet or exceed them. I can help you evaluate near-term concerns and plan for long-term goals, be a sounding board for investment ideas, assist you in developing and executing a strategy that is precisely your own and helps you meet your needs.
Services Include
- Cash Management and Lending ProductsFootnote1
- Estate Planning StrategiesFootnote2
- Financial PlanningFootnote3
- Life InsuranceFootnote4
- Philanthropic ManagementFootnote5
- Planning for Education FundingFootnote6
- Retirement PlanningFootnote7
- Sustainable InvestingFootnote8
- Trust ServicesFootnote9
- Wealth ManagementFootnote10
- Wealth PlanningFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Suite of Services
As your wealth grows, so does its complexities and the resources needed to manage it effectively. We leverage our experience and relationships to deliver innovative strategies that are tailored to your needs. We look forward to speaking with you to understand your challenges, so we may map out a strategy to help achieve your particular priorities and goals.
Wealth Management
Wealth Management brings all the dimensions of your life together. We listen carefully to understand the connections across your personal life, your family, your career and your legacy goals to develop a comprehensive strategy that is uniquely yours.
Retirement Planning
One of our key areas of focus is helping you prepare for and thrive in retirement. From IRAs to RMDs, we manage the complexities of your comprehensive retirement plan assets, helping you easily transition to the next phase of your life with security and confidence.
Professional Portfolio Management
Managing an investment portfolio should be a consultative, disciplined process that balances your attitudes about investing with careful analysis of the financial markets. Working together, we create a customized strategy that applies long-held investment principles to help your assets appreciate appropriately, generate cash-flow or create income as you require.
Business Planning
Focusing on the factors that make a difference in your business —from your perspective on ownership, control and liquidity, to the key challenges and opportunities you may face.
Estate Planning & Philanthropic Strategies
Delivering an estate to the next generation or favorite charity requires more attention than families often realize. We coordinate with your estate and tax professionals to align your legacy goals with the appropriate asset titling and beneficiary designation requirements, incorporating best practices to enhance results.
Cash Management Services
Creating adequate cash flow and securing liquidity are the day-to-day aspects of implementing a financial strategy. We help you meet your personal cash management and borrowing needs, while thinking strategically about how specific approaches may affect current and long-term costs and taxes.
Modern Tools For Modern Clients
We provide our clients with some of the most comprehensive digital tools in the industry. Additionally, the firm strives to ensure that the platforms our clients use are safe, fast and flexible. Here are a few technologies we have to offer our clients.
Morgan Stanley Online
Morgan Stanley Online (MSO) has a suite of features that allows you to go beyond just viewing your account balance. It includes current financial news, digital access to your important financial documents, mobile check deposits, online bill pay, and e-authorizations.
Learn More
Total Wealth View
Total Wealth View allows Morgan Stanley clients to view all of their accounts from other financial institutions in one convenient place. With access through Morgan Stanley Online or the Morgan Stanley Mobile App, seeing the bigger picture for your finance’s has never been easier. It’s just another way that Morgan Stanley is making banking simple.
Learn More
eDelivery
Sign up for eDelivery today and start receiving email notifications as soon as your account documents are available on Morgan Stanley Online or the Morgan Stanley Mobile App. It's quick, convenient & secure.
Enroll Today
Digital Vault
Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
Get Started Today
Goals Based Planning
Working with us, paired with our technology, is a great way to access advice and build a wealth plan. Read more about the advantages of working with our planning technology in reaching your financial goals.
Learn More
E*TRADE from Morgan Stanley
Consolidate your external self-directed assets with E*TRADE from Morgan Stanley to get access to E*TRADE’s award-winning online platforms—plus the financial strength, research insights, and nearly a century of experience that Morgan Stanley provides.
Learn MoreInvestment Insight From Our Desk To Yours
We hold a firm belief in the education of our clients as well as providing access to insight from the breadth of Morgan Stanley. Check here regularly to stay up-to-date and please call us if you'd like to discuss.
How to Prepare to Sell a Business
Selling a business should be the reward for years of entrepreneurial savvy and hard work. Here’s how to make the process go smoothly.
Read the Article
New Automation Age
Aging populations and lower technology costs are propelling companies to invest more in productivity-boosting automation. What could this mean for your portfolio?
Read the Article
Online Security Center
Safeguarding your assets and personal information remain a top priority at Morgan Stanley. Click the link to learn about our stringent security measures and how to help protect yourself online.
Online Security Center
Importance of Data Backups
Learn why backups should be a part of your overall cybersecurity strategy.
Read the Article
Tax-Aware Strategies for Your Wealth Plan
The tax decisions you make today can help you save for years to come. Use these resources and ideas to help you get started.
Check the Resources
2026 Federal Tax Tables
This document outlines the 2026 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
View 2026 Tax Tables
Thoughts on the Market
With perspectives on the forces shaping the market, Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen to the PodcastsMorgan Stanley Ideas Podcast
From satellite data technology used to solve some of the world's most complex problems to learning how not to follow the crowd when making decisions, the Morgan Stanley Ideas Podcast brings revealing stories about the world of business, finance, technology and beyond.
Listen to the PodcastsPREPARING THE NEXT GENERATION FOR FINANCIAL SUCCESS
At Morgan Stanley, we understand that many clients want to pass along more than financial assets to the next generation—they also want to instill enduring family values and sound financial habits. Our Next-Gen advisory service is designed to be a comprehensive educational resource for you and your family, helping build the knowledge, skills, and behaviors that support long-term financial well-being.
Review the educational materials below for guidance on key life milestones and planning ahead. If there are additional topics you'd like to see included, please let us know—we're here to support your family's financial journey at every step.
Review the educational materials below for guidance on key life milestones and planning ahead. If there are additional topics you'd like to see included, please let us know—we're here to support your family's financial journey at every step.
Financial Freedom Factsheet
Financial freedom is built through everyday decisions—
spending thoughtfully, saving regularly, and prioritizing
what matters most. This factsheet offers a brief, practical
overview of steps and habits that can help support long-
term financial independence, including budgeting
fundamentals, goal setting, and saving strategies.
Learn Morespending thoughtfully, saving regularly, and prioritizing
what matters most. This factsheet offers a brief, practical
overview of steps and habits that can help support long-
term financial independence, including budgeting
fundamentals, goal setting, and saving strategies.
Financial Literacy
Financial literacy means being equipped with the
knowledge to make smart financial decisions during
every stage of your life. It's never too early to start
improving financial literacy in your family.
Learn Moreknowledge to make smart financial decisions during
every stage of your life. It's never too early to start
improving financial literacy in your family.
Conversation Guide
Money is one of the trickiest topics to discuss. But
avoiding the conversation can lead to problems. Learn
how to start the dialogue with your family.
Read Moreavoiding the conversation can lead to problems. Learn
how to start the dialogue with your family.
5 Things You May Not Know About 529's (But Should)
They're tax friendly, flexible, and available to anyone. Yet,
529 education investment plans are still underused. Here
are five things that parents, grandparents, and anyone
hoping to get a leg up on education costs need to know.
Learn More529 education investment plans are still underused. Here
are five things that parents, grandparents, and anyone
hoping to get a leg up on education costs need to know.
Financing Your First Home
Buying a first home is both a financial and emotional
milestone, and the financing choices can have long
lasting impact. This guide is an overview of the
homebuying financing journey, including mortgage
basics, down payment considerations, and how to
evaluate affordability and tradeoffs.
Learn Moremilestone, and the financing choices can have long
lasting impact. This guide is an overview of the
homebuying financing journey, including mortgage
basics, down payment considerations, and how to
evaluate affordability and tradeoffs.
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
1 Penn Plaza 43rd
Fl
New York, NY 10119
US
Direct:
(212) 643-5815(212) 643-5815
Toll-Free:
(800) 223-4565(800) 223-4565
Fax:
(212) 714-2546(212) 714-2546
Meet Yehuda Wealth Management Group
Michelle Ashley Hart
Vice President, Financial Advisor
Mark Stofko
Vice President, Financial Advisor
Joseph Branagan
Business Development Director
Izzy Bass Klicsu
Client Service Associate
Shaun Bensol
Registered Client Service Associate
Lucas Intagliata
Registered Client Service Associate
About Golan Yehuda
Golan Yehuda is a Managing Director, Financial Advisor, Family Wealth Director and Certified Financial Planner. He has over 20 years of wealth management experience and has been with Morgan Stanley since 2009.
By putting his clients first and sincerely caring about their well-being, Golan has developed a successful practice focused on servicing the requirements of high net worth individuals and families. Golan strives to provide each client with a highly customized investment plan to help ensure they can both enjoy their wealth and remain financially independent for years to come. He draws upon his broad knowledge and Morgan Stanley’s intellectual capital and vast resources to deliver solutions for a wide variety of needs.
Prior to joining the firm, Golan worked at Wachovia Securities for over 11 years. As a Family Wealth Director, Golan is part of an elite group of Morgan Stanley Financial Advisors that have demonstrated the knowledge and proficiency to help manage the investment, business, passions, and legacy needs of high net worth clients and their families. Family Wealth Directors have direct access to a broad ranging suite of solutions needed to help highly affluent families manage the complex, multigenerational challenges of managing significant wealth.
Before starting his career in finance, Golan served in the Israeli Defense Forces (IDF) where he acquired strong capabilities in leadership, strategic thinking and communications.
A native to Israel, he resides in Tenafly, NJ with his wife Dana, his son Justin and his daughter Lindsey.
By putting his clients first and sincerely caring about their well-being, Golan has developed a successful practice focused on servicing the requirements of high net worth individuals and families. Golan strives to provide each client with a highly customized investment plan to help ensure they can both enjoy their wealth and remain financially independent for years to come. He draws upon his broad knowledge and Morgan Stanley’s intellectual capital and vast resources to deliver solutions for a wide variety of needs.
Prior to joining the firm, Golan worked at Wachovia Securities for over 11 years. As a Family Wealth Director, Golan is part of an elite group of Morgan Stanley Financial Advisors that have demonstrated the knowledge and proficiency to help manage the investment, business, passions, and legacy needs of high net worth clients and their families. Family Wealth Directors have direct access to a broad ranging suite of solutions needed to help highly affluent families manage the complex, multigenerational challenges of managing significant wealth.
Before starting his career in finance, Golan served in the Israeli Defense Forces (IDF) where he acquired strong capabilities in leadership, strategic thinking and communications.
A native to Israel, he resides in Tenafly, NJ with his wife Dana, his son Justin and his daughter Lindsey.
Securities Agent: KS, AZ, WY, LA, RI, OH, MI, MA, ID, DE, DC, TX, SC, NV, CT, NJ, NY, WA, CA, WI, VA, MN, VT, PR, PA, NC, ME, MD, FL, CO, IL; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 62672
CA Insurance License #: 0F18057
NMLS#: 62672
CA Insurance License #: 0F18057
About Seth Hart
My fascination with the markets started as a teenager. By the time I was 16, I was following my first stock and gaining an understanding about building wealth. This lifelong passion for the financial services industry is what led me to become a Senior Vice President and Family Wealth Advisor at The Yehuda Wealth Management Group at Morgan Stanley.
The favorite parts of my job are building deep relationships with clients and taking something complicated and breaking it down in a simple, straightforward way so they understand their challenges and opportunities. I’ve seen a lot of people go really wrong with their investment or estate planning strategies, so when they come to me, I’m able to help get them back on track. And that all starts by actively listening to their needs, understanding their risk tolerance, and then creating a customized financial plan designed to help them build wealth, retire in comfort, and do more for their family.
I graduated from the SUNY Oneota with a B.S. degree in Business Economics. I landed my first job at an international bank and have gone on to build a 30-year career in financial services. I’ve spent over a decade as a Financial Advisor at Morgan Stanley. Together with my wife, Michelle Ashley Hart we joined The Yehuda Wealth Management Group, where what we offer our clients is truly greater than the sum of the parts. Our goal is to help every client achieve greater confidence.
Outside of work, I’m very involved in my Woodbury community, where I’ve built strong relationships with both business and political leaders. I’ve also spent many years coaching and mentoring local youth. And when it comes time to relax, I enjoy traveling with my wife, Michelle, and our two sons.
The favorite parts of my job are building deep relationships with clients and taking something complicated and breaking it down in a simple, straightforward way so they understand their challenges and opportunities. I’ve seen a lot of people go really wrong with their investment or estate planning strategies, so when they come to me, I’m able to help get them back on track. And that all starts by actively listening to their needs, understanding their risk tolerance, and then creating a customized financial plan designed to help them build wealth, retire in comfort, and do more for their family.
I graduated from the SUNY Oneota with a B.S. degree in Business Economics. I landed my first job at an international bank and have gone on to build a 30-year career in financial services. I’ve spent over a decade as a Financial Advisor at Morgan Stanley. Together with my wife, Michelle Ashley Hart we joined The Yehuda Wealth Management Group, where what we offer our clients is truly greater than the sum of the parts. Our goal is to help every client achieve greater confidence.
Outside of work, I’m very involved in my Woodbury community, where I’ve built strong relationships with both business and political leaders. I’ve also spent many years coaching and mentoring local youth. And when it comes time to relax, I enjoy traveling with my wife, Michelle, and our two sons.
Securities Agent: DC, SC, PA, NC, ME, KS, HI, WA, UT, NJ, NH, IL, TX, MA, RI, OH, NY, MD, ID, IA, FL, PR, NV, NE, DE, AZ, WV, VT, OR, MO, CA, VA, ND, MT, MN, MI, LA, GA, CT, CO, WY, WI, NM, KY, IN; General Securities Representative; Investment Advisor Representative
NMLS#: 1295650
NMLS#: 1295650
About Michelle Ashley Hart
My love for the markets began when I was young. After school, I’d sit with my grandfather as he watched the stock market and followed his portfolio with a quiet intensity. This became a tradition—several afternoons a week, whenever he and my grandmother visited. He was passionate about investing, which piqued my interest and sparked my curiosity about how it all worked.
When I was 12, just before the school year began, my father gave me a challenge: invest a fictitious $1,000 in the stock market. At the end of the year, he’d review my performance. The twist? Any “profit” I made would be paid out to me in real dollars. Losses would be paper only. That incentive sparked something in me. I had a chance to explore investing without real risk—but with real reward.
I did my homework, picked well-known companies I believed in—brands I used or admired, like McDonald’s and Walmart—and tracked my investments closely. I bought, sold, and stayed engaged. By year-end, my portfolio had grown, and my dad kept his word. I was hooked.
That spark ignited a lifelong career that’s now spanned over 30 years. When I began, most of my clients were between 50 and 75 years old. Their needs then were different from what they are today. But one thing has remained constant: trust. Many of these relationships have lasted decades. I’ve helped clients build, preserve, and ultimately pass on the wealth they’ve spent a lifetime accumulating.
I’m proud to serve a vital niche of the financial services world: our senior population. This work is more than a job—it’s a calling. I take a hands-on, personalized approach to help ensure my clients’ day-to-day financial needs are met while helping them navigate the broader, often complex decisions that come with aging.
Together, we craft plans that allow them to care for their loved ones and support the causes they cherish. We have meaningful, and sometimes difficult, conversations: reviewing beneficiary designations, reviewing wills and trusts, choosing a power of attorney. These are essential steps to help provide confidence—not just for the client, but for the entire family.
I make a point to involve their trusted family members or friends in the process. When everyone is informed and aligned, outcomes can potentially be better and unnecessary complications—like the probate process—can often be avoided. Over time, many of these family members have become clients themselves. Some of the most rewarding moments of my career have come from serving multiple generations of the same family.
I became a partner at the Yehuda Wealth Management Group at Morgan Stanley because I saw greater opportunities to serve my clients at a higher level. Many of them now rely on me to create legacy income programs—enabling them to donate appreciated stock to foundations and charities, receive tax deductions, and income stream. Others look to me to help fund their grandchildren’s education in a way that’s both thoughtful and tax-efficient.
Prior to joining Yehuda Wealth Management, I held positions at J.P. Morgan Securities, LLC, and Morgan Stanley Private Bank, National Association.
On a personal note, I’m fortunate to work alongside my husband, Seth Hart, who is not only my life partner but also my professional partner. Together, we’re raising two wonderful sons and making the most of every opportunity to travel and explore the world as a family.
Securities Agent: HI, FL, WA, MT, DE, KS, CA, TX, NM, ID, AZ, WY, WI, OH, ND, MD, IL, CT, CO, NH, MO, KY, IN, GA, DC, VA, PA, NV, NJ, NC, SC, NY, LA, RI, MN; General Securities Representative; Investment Advisor Representative, Series 63 and Series 65 and is registered to provide services in Connecticut, New York, and Texas.
NMLS#: 1830774
When I was 12, just before the school year began, my father gave me a challenge: invest a fictitious $1,000 in the stock market. At the end of the year, he’d review my performance. The twist? Any “profit” I made would be paid out to me in real dollars. Losses would be paper only. That incentive sparked something in me. I had a chance to explore investing without real risk—but with real reward.
I did my homework, picked well-known companies I believed in—brands I used or admired, like McDonald’s and Walmart—and tracked my investments closely. I bought, sold, and stayed engaged. By year-end, my portfolio had grown, and my dad kept his word. I was hooked.
That spark ignited a lifelong career that’s now spanned over 30 years. When I began, most of my clients were between 50 and 75 years old. Their needs then were different from what they are today. But one thing has remained constant: trust. Many of these relationships have lasted decades. I’ve helped clients build, preserve, and ultimately pass on the wealth they’ve spent a lifetime accumulating.
I’m proud to serve a vital niche of the financial services world: our senior population. This work is more than a job—it’s a calling. I take a hands-on, personalized approach to help ensure my clients’ day-to-day financial needs are met while helping them navigate the broader, often complex decisions that come with aging.
Together, we craft plans that allow them to care for their loved ones and support the causes they cherish. We have meaningful, and sometimes difficult, conversations: reviewing beneficiary designations, reviewing wills and trusts, choosing a power of attorney. These are essential steps to help provide confidence—not just for the client, but for the entire family.
I make a point to involve their trusted family members or friends in the process. When everyone is informed and aligned, outcomes can potentially be better and unnecessary complications—like the probate process—can often be avoided. Over time, many of these family members have become clients themselves. Some of the most rewarding moments of my career have come from serving multiple generations of the same family.
I became a partner at the Yehuda Wealth Management Group at Morgan Stanley because I saw greater opportunities to serve my clients at a higher level. Many of them now rely on me to create legacy income programs—enabling them to donate appreciated stock to foundations and charities, receive tax deductions, and income stream. Others look to me to help fund their grandchildren’s education in a way that’s both thoughtful and tax-efficient.
Prior to joining Yehuda Wealth Management, I held positions at J.P. Morgan Securities, LLC, and Morgan Stanley Private Bank, National Association.
On a personal note, I’m fortunate to work alongside my husband, Seth Hart, who is not only my life partner but also my professional partner. Together, we’re raising two wonderful sons and making the most of every opportunity to travel and explore the world as a family.
Securities Agent: HI, FL, WA, MT, DE, KS, CA, TX, NM, ID, AZ, WY, WI, OH, ND, MD, IL, CT, CO, NH, MO, KY, IN, GA, DC, VA, PA, NV, NJ, NC, SC, NY, LA, RI, MN; General Securities Representative; Investment Advisor Representative, Series 63 and Series 65 and is registered to provide services in Connecticut, New York, and Texas.
NMLS#: 1830774
Securities Agent: MD, NV, RI, MN, HI, FL, PR, NH, MO, KY, IN, GA, DC, WA, MT, DE, KS, CA, TX, NM, ID, VT, NJ, AZ, NC, SC, NY, LA, WY, WI, OH, ND, IL, CT, CO, VA, PA; General Securities Representative; Investment Advisor Representative
NMLS#: 1830774
NMLS#: 1830774
About Matthew Morea
Matthew is a Senior Vice President, Financial Advisor for The Yehuda Group with a career that began after earning a B.B.A. in Business Management from Dowling College (Long Island) in 1992. In 1996, while working as a Head Teller at Citibank, Matthew was recruited into the securities business by a leading producer at Prudential Securities—an opportunity that grew out of a relationship built over time through day-to-day client interactions. Matthew joined the team as a Senior Assistant in 1996, gained intensive hands-on training, and earned the required securities licenses.
After several years of experience and preparation, Matthew was accepted into the firm’s Financial Advisor Training Program and launched an advisory practice. Later returning to the bank channel, Matthew further refined an advice-driven approach and built a long-term client base, spending two years at Citibank followed by nearly two decades at HSBC in downtown New York City’s Tribeca neighborhood. Committed to continued professional development, Matthew completed CFP® training and earned the CFP® certification in 2014.
Outside of work, Matthew is married and has two children—one in Binghamton and another who recently graduated from Flagler College in Florida.
After several years of experience and preparation, Matthew was accepted into the firm’s Financial Advisor Training Program and launched an advisory practice. Later returning to the bank channel, Matthew further refined an advice-driven approach and built a long-term client base, spending two years at Citibank followed by nearly two decades at HSBC in downtown New York City’s Tribeca neighborhood. Committed to continued professional development, Matthew completed CFP® training and earned the CFP® certification in 2014.
Outside of work, Matthew is married and has two children—one in Binghamton and another who recently graduated from Flagler College in Florida.
Securities Agent: DC, CT, NC, CA, NH, MN, VA, MD, GA, TX, NY, MA, KS, FL, NV, NJ, DE, CO, PA, ME, WY, WA, UT, SC, OH, IL, ID, WI, VT, PR, MI, LA, AZ, RI; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 2143972
NMLS#: 2143972
About Mark Stofko
With over 20 years of experience in the financial field, Mark Stofko combines a lifelong love for numbers with a passion for the fast-paced energy of the market. A graduate of Manhattan College, Mark has dedicated his career to more than just portfolio management; he is a true people person who focuses on getting to know what really matters to his clients.
What sets Mark apart is his genuine investment in his clients' success. By building deep relationships, he ensures every financial strategy is aligned with his clients' personal goals. Outside of the office, Mark is an avid fan of baseball and golf, and he enjoys spending his free time drawing, playing baseball and golf.
What sets Mark apart is his genuine investment in his clients' success. By building deep relationships, he ensures every financial strategy is aligned with his clients' personal goals. Outside of the office, Mark is an avid fan of baseball and golf, and he enjoys spending his free time drawing, playing baseball and golf.
Securities Agent: KY, NH, MT, ME, CO, WV, WI, TX, NJ, MN, MI, LA, KS, AZ, PA, NY, FL, OH, SC, RI, PR, ND, IL, ID, DC, CA, NV, OR, MO, IN, CT, WA, NE, MD, MA, GA, VT, VA, NM, NC, HI, DE, WY, UT; General Securities Representative; Investment Advisor Representative
NMLS#: 626013
NMLS#: 626013
About Joseph Branagan
A graduate of Fairfield University in 2010 with a Bachelor of Science degree in Finance, Joseph has worked in the financial services industry for over 10 years. He joined Morgan Stanley in 2013, and has dedicated himself to providing the most proficient client service experience. Joseph oversees the day to day service needs for Golan’s clients, such as funds transfers, account updates, and executing trades. He strives to ensure that all clients are taking advantage of the firm’s enhanced digital capabilities. This includes running detailed financial plans, and assisting in engagement through the Morgan Stanley online website. Joseph strongly values his relationship with clients, and always treats them with the utmost professionalism and respect.
Joseph resides in Nutley, NJ. He enjoys travelling and spending time with friends and family.
Licenses: Series 7, Series 66
Joseph resides in Nutley, NJ. He enjoys travelling and spending time with friends and family.
Licenses: Series 7, Series 66
About Izzy Bass Klicsu
Izzy is a Client Service Associate for The Yehuda Group, spending nearly 4 years with the team. She is a graduate of Nova Southeastern University with a BS in Finance, and minors in Accounting and Management. She also holds an MS in Finance from Baruch College.
Growing up in Connecticut, Izzy enjoys watching the Yankees, visiting her friends and family in Florida, going to the beach, and attending concerts.
Growing up in Connecticut, Izzy enjoys watching the Yankees, visiting her friends and family in Florida, going to the beach, and attending concerts.
About Shaun Bensol
Shaun Bensol brings over 10 years of financial services experience to the team. He is responsible for delivering platinum level client service and working with the financial advisors to develop customized financial planning solutions.
As a fully licensed registered associate, Shaun works with the group to monitor and execute client objectives.
Shaun holds a Bachelor's Degree in communications from the S.I. Newhouse School of Public Communications at Syracuse University.
Licenses held: Series 7, 63, 65, Life & Health Insurance
As a fully licensed registered associate, Shaun works with the group to monitor and execute client objectives.
Shaun holds a Bachelor's Degree in communications from the S.I. Newhouse School of Public Communications at Syracuse University.
Licenses held: Series 7, 63, 65, Life & Health Insurance
About Lucas Intagliata
Lucas Intagliata is the newest member of the Yehuda Wealth Management team. He grew up in New Jersey and went to college at UC Berkeley, studying Economics and History. He’s always had a passion for finance, markets and the psychology of decision making. He also studied Italian in high school and college, going abroad to Florence in the Fall of 2023.
Outside of work, Lucas enjoys spending time outdoors and rooting for his favorite New York sports teams.
Licenses held: Series 7, Series 66.
Outside of work, Lucas enjoys spending time outdoors and rooting for his favorite New York sports teams.
Licenses held: Series 7, Series 66.
Contact Golan Yehuda
Contact Seth Hart
Contact Michelle Ashley Hart
Contact Matthew Morea
Contact Mark Stofko
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2025-2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 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.
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
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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
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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
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Ready to start a conversation? Contact Yehuda Wealth Management 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.
1Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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.
5Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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.
8Investing 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. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. 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.
10Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
11Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
1Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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.
5Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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.
8Investing 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. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. 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.
10Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
11Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
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CRC 4665150 (8/2025), 5378280 (5/2026)
