Private Wealth Management | Morgan Stanley

Discover how we provide customized wealth management plans to help you protect and grow assets, simplify personal finances and create enduring legacies. WealthManagement PrivateWealthManagement Withexceptionalwealthcomesexceptionalcomplexity.MorganStanleyPrivateWealthManagementcombinesthevastresourcesofatrustedglobalfinancialservicesfirmwiththeindividualizedservicesofaninvestmentboutiqueforahands-ontailoredapproachtohelpfamilies,foundationsandindividualsmanagethemultiplefacets—andlegacy—oftheirwealth. ShareThis HelpingYouRealizeYourVision Expectcustomadvice,apersonalizedapproach,andfirst-classservicefromyourMorganStanleyPrivateWealthManagementteam.Ourgoalistopreserveandgrowyourfinancial,familyandsocialcapitalsothatitcanhavethegreatestpositiveimpacttodayandforgenerationstocome. Share nowplaying WealthManagement IntegratingPhilanthropy&FamilyValuesinYourWealthPlanSuccessfully 000 "transcript":"DavidBokman,ManagingDirector,HeadofFamilyOfficeResources:Whetheryouareawareofitornot,whetheryouacknowledgeitornot,whetheryoudiscussitwithotherfamilymembersornot,youhaveanemotionalrelationshipwithwealth.GlennKurlander,ManagingDirector,HeadofFamilyGovernanceandWealthEducation:ManyofuswithinFamilyOfficeResourceshaveconversationswithourclientsandtheirfamiliesallthetimeaboutthequalitativeaspectsofmoney,aboutthevaluesthateveryonebringstothetableregardingwealthanditsimpact,andhowwehopetouseitasafamily.That'sanessentialpartofourjob,helpingourclientsbegintoarticulatethatphilosophy.DavidBokman:Investmentsareobviouslycritical.They'rereallycentraltowhatMorganStanleydoeswithclients.Butweallowthefinancialadvisorandthefamilytoaddresstheirinvestmentquestionswithinthemuchbroadercontextofwhatistheirlong-termfamilymission;whatistheirphilanthropicmission;whatchallenges,ifany,dotheyhavewithrespecttothefamilydynamicsandsuccessionplanning;whatdoestheestateplanlooklike;Allofthoseissuesreallyhavetobecontextinwhichinvestmentdecisionsaremade.MelanieKnollBegun,ManagingDirector,HeadofPhilanthropyManagement:Thisworkisledbydiscovery.Wesitdownwithfamiliesinverysafeenvironment,weletthemopenup,weletthemestablishtrustwithus.Ourgoalistomakesurethattheideasandthevision,thevaluesandthegifts,areallalignedintheirplan.GlennKurlander:Ithinkfamilygovernanceisabouttwothings.First,it'sabouttheefforttodrivealignmentinthefamilyaroundadeeplyheldsetofsharedvalues.Thesecondthingfamilygovernanceisaboutisbeingrealisticenoughtounderstandthatnomatterhowsuccessfulweareindrivingalignment,nevertheless,therelikelywillcomeatimewhenwedisagree,perhapsprofoundlyaboutsomethingimportanttousasafamily.MelanieKnollBegun:Familygovernanceandphilanthropymanagementareintertwined.It'sallbasedonvalues.Sofamilygovernanceandphilanthropyarereallyaligned,andthebridgebetweenthetwoistheopportunitytohelpthosevaluescometofruition.Wegetbacktothebasics.Wehelpclientsthinkthrough,whyaretheydoingthis?Andhowcantheyaccomplishtheirdreams?GlennKurlander:WhenI'mabletohelpafamilymakeadifference,it'sthemostsatisfyingandgratifyingfeelingIcanimagine.DavidBokman:Successlookslikeafamilythatismorecoordinated,moreharmonious,morecommunicative,bettereducated,andbettersituatedfinanciallyandpersonallyandasafamilyunitthantheywerewhentheystarted." nowplaying WealthManagment ImportanceofaHolisticApproachtoYourWealth 000 "transcript":"DavidBokman,ManagingDirector,HeadofFamilyOfficeResources:FamilyOfficeResourcesisagroupofspecialistsinavarietyofdisciplines,fromestateplanningtophilanthropy,familywealtheducation,thatworkswithfinancialadvisorsandtheirclientstoroundoutalloftheissuesthatanultra-high-net-worthfamilyisgoingtofacejustasanaturalpartofdealingwithsignificantwealth.Ourmissionistoworkinaholisticwaywithalloftheseissues.SarahD.McDaniel,CFA,ManagingDirector,HeadofFamilyResourcesGeneralists,WealthandEstatePlanningStrategistsandARTResourcesTeam:It'sveryimportantwhenpeoplearethinkingaboutfinancialplanningorwealthplanningthattheylookattheentiretyoftheirassets.Buttheyalsoneedtopotentiallyunderstandthatnoteverythingisaninvestmentdecision.Inworkingwithclientsofsignificantwealth,theworldisopentothem.Helpingthemfindandnavigatewheretheywanttogoandwheretheywanttobeasindividuals,andasafamily,isparamount.ValerieWong,Fountain,CFA,ManagingDirector,HeadofSignatureAccess:IthinkthenumberonethingthatIhelpclientsthemostwithisunderstandingtheartofthepossible.SomanyclientscometoMorganStanleyandtheyexpectinvestmentmanagementservicesandadvice.Whattheydon'texpectisthehelpthatwecandeliveronthelifestylefront.Wetrytoincorporatetheseneedsintoyourwealthplan,becauseit'sreallyimportanttounderstandwhatyourdreams,goals,andobjectivesare,andthefinancialneedsthatarerequiredtoattainthose.SarahMcDaniel:Whatwetrytodoishaveapersonalconversationwiththeclients.Andthenultimatelywhatwearetryingtodoisassembleasmuchabouttheclientandwhotheyare,personally,asindividualsandasafamily,andthentakethatasascriptorastartingpointthentostartmakingrecommendationsonstrategyormitigatingbehaviors.ValerieWongFountain:Wealsoprovidecustomizedconsultingservicestoourfamilyofficeclients.Wecanhelpyouunderstandweatheryouwantasinglefamilyofficeoryouwantavirtualfamilyoffice.WeprovidetheseservicesthroughanintegratedexperienceatMorganStanleythatleveragesourwealthmanagement,institutionalsecurities,andinvestmentmanagementdivisions.DavidBokman:So,fromtheclient'sperspective,whatyou'regoingtoseeisabroadeningoutofyourfinancialadvisor'steam.Thedifferentiatoristhewayweworkwitheachother.Wealwaysworkasateam.Webringtogetherthedisciplinesinathoughtful,coordinatedway.SarahMcDaniel:Weworkwithincrediblepeople.Thefinancialadvisors,ourcolleagues,theclients,they'reextraordinarypeoplewithincrediblebackgrounds,withunbelievableexperiences,thatallbringadifferentfacettosolvingaproblem.SowhenIthinkofMorganStanleyandwhyMorganStanley,wehavetheroomtobreathe.Wehavetheroomtobecreative.Yes,itisaboutfinance.Butthat'sthesecondarydecisiontotheindividual,theperson,andthefamilywhowe'reultimatelytryingtohelp.DavidBokman:There’salottobegainedbylookingattheexperienceofotherfamilies,theadvisorsandthespecialistswithinfamilyofficeresourceshaveworkedwithinthepasthavedealtwithandbringingthattobearthoughtfully,proactively,inadvance,andinacoordinatedholisticmanner." nowplaying WealthManagement SpecializedCapabilitiestoEnhanceYourWealthStrategy 000 SpecializedCapabilitiestoEnhanceYourWealthStrategy nowplaying WealthManagement LessonsinLeadershipDuringTimesofCrisis 000 Anewformofcapitalismisevolving,onethatfocusesonfinancialreturnsbutalsobenefittosocietytobedoingbothwelltogether.Itsactuallyamuchstrongercompany.Inthismomentofthisglobalpandemicdopeoplestillliveincities?Howdowecommunicate?Moretechnology.Lessinterfacing.Whathappenstothefoodandbeverageindustry?Thesenextgenerationstheydontwanttoberestrictedanddefinedbyonething.Theywanttobeallofit.Andauthenticityisveryverykeyforthem.Whatifweshiftedtheframeworkandsaid,actually,whatsocietyshouldprovideusisaformofhealthsecurity,applyingmolecularapproachestosurveillance,toearlydetection,todeterringdisease,delayingdisease.Deferringdisease,redirecting.ThesinglebiggestsourceordriverorexplanationofjoblossintheUnitedStatesoverthelastcoupleofdecadesisnotglobalization.It'sproductivityincreases.It'sthemarchoftechnology.Sometimestraumaticeventsyieldgreatcircumstances.Theycanbuildupoursocialconnections.Theycanmakeusrealize,hey,wewerewaystrongerthanwethoughtbefore,andtheycanoftenputustowardwhatwereallythinkmightbemeaningfulinlife.ThisisAmerica2.0.What'sabettervision?HowcanIdothingsbetter?WhatcanIdothatiscompletelydisruptive? AccesstoSpecializedServices Wetailorafullyintegratedwealthmanagementplanbasedonyourindividualneeds—strategiestoinvestassets,transferwealth,managerisk,maximizephilanthropicimpact,reducefamilyconflictandenhanceyourlifestyleandbroadenyourconnectivitytoinstitutionalofferings,financialanalysts,industryleadersandlike-mindedpeersforcomprehensive,personalizedstrategies. platform AlternativeInvestments Utilizinganopenarchitectureplatform,ifappropriate,ourteamcandelivercustomalternativeinvestmentstrategiestohelpdiversifyyourportfolioandprovidegrowthwithaccesstosolutionsspanningacrossprivateequity,privatecredit,hedgefunds,realestate,infrastructureandmanagedfuturesmarkets. solution ImpactInvesting OurInvestingwithImpactplatformoffersadiverserangeoffundsandotherinvestmentsdesignedtoadvanceenvironmental,economicandsocialgoals—whilestrivingforcompetitiveperformance. solution RiskManagement MorganStanley’sriskmanagementtechnologysolutionsandanalyticshelpPrivateWealthAdvisorsimplementbestpractices,mitigaterisk,andmakemeaningfulimpactinourclientportfolios. service FamilyOfficeResources WeofferextensivespecializedresourcesforUHNWclientsintrustandestateplanning,familygovernance,wealtheducation,familyofficemanagement,philanthropymanagement,privatebankingandwealthplanningforartandcollectibles. solution Cybersecurity Safeguardingyourassetsandpersonalinformationisamongourhighestpriorities.Ourdedicatedteamofcybersecurityexpertsincludesformerseniorprofessionalsatgovernmentsecurityagenciesandthetechnologyindustry. platform LifestyleAdvisory EnjoyconciergeservicessuchasPrivateHealthAdvisory,CybersecurityServices,AircraftManagementandmore.Ourexpansiveclientloyaltyprogramfeaturespremiumaccesstoresourcesandcuratedcontentforourvaluedclients. StarttheConversation Ahandleoncomplexity.Ourdedicatedadvisoryteamsdrawondeepexperiencetotailorplansthataddressyourfinancialgoalstodayandevolvewithyourchangingneeds. CONTACTAPRIVATEWEALTHADVISOR LeadingInsightsfromMorganStanley Exploretimelyintellectualcapitalfromrenownedthoughtleaderstokeepyouengaged,informedandinspired. WealthManagement BenchmarkingSingleFamilyOfficeCompensation WealthManagement ArtResourcesTeam(ART)atMorganStanley WealthManagement ProtectingYourOnlineSecurity ViewMoreInsights MeetSomeofOurTeamLeaders OURPEOPLE ElizabethDennis HeadofPrivateWealthManagement OURPEOPLE DavidBokman HeadofFamilyOfficeResources OURPEOPLE MelanieSchnollBegun HeadofPhilanthropyManagement OURPEOPLE SarahD.McDaniel HeadofArtResourcesTeam(ART) FindaPrivateWealthAdvisor Disclosures Notallproductsandservicesareavailableinalljurisdictions. MorganStanleySmithBarneyLLCdoesnotacceptappointmentsnorwillitactasatrusteebutitwillprovideaccesstotrustservicesthroughanappropriatethird-partycorporatetrustee. Alternativeinvestmentsoftenarespeculativeandincludeahighdegreeofrisk.Investorscouldloseallorasubstantialamountoftheirinvestment.Alternativeinvestmentsareappropriateonlyforeligible,long-terminvestorswhoarewillingtoforgoliquidityandputcapitalatriskforanindefiniteperiodoftime.Theymaybehighlyilliquidandcanengageinleverageandotherspeculativepracticesthatmayincreasethevolatilityandriskofloss.AlternativeInvestmentstypicallyhavehigherfeesthantraditionalinvestments.Investorsshouldcarefullyreviewandconsiderpotentialrisksbeforeinvesting. ThereturnsonaportfolioconsistingprimarilyofEnvironmental,SocialandGovernance(“ESG”)awareinvestmentsmaybelowerorhigherthanaportfoliothatismorediversifiedorwheredecisionsarebasedsolelyoninvestmentconsiderations.BecauseESGcriteriaexcludesomeinvestments,investorsmaynotbeabletotakeadvantageofthesameopportunitiesormarkettrendsasinvestorsthatdonotusesuchcriteria. LifestyleAdvisoryServices:MorganStanleySmithBarneyLLC(the“Firm”)anditsaffiliatesdonotcurrentlyoffertheservicesprovidedbythisServiceProvider(s).TheServiceProvider(s)isnotanaffiliateoftheFirm.AnyreviewoftheServiceProvider(s)performedbytheFirmwas basedoninformationfromsourcesthatwebelievearereliablebutwecannotguaranteeitsaccuracyorcompleteness.ThisreferralshouldinnowaybeconsideredtobeasolicitationbytheFirmforbusinessonbehalfoftheServiceProvider(s).TheFirmmakesnorepresentationsregardingtheappropriatenessorotherwiseoftheproductsorservicesprovidedbytheServiceProvider(s).Theremaybeadditionalserviceprovidersforcomparativepurposes.IfyouchoosetocontacttheServiceProvider(s),dothoroughduediligence,andmakeyourownindependentdecision. TheFirmwillnotreceiveareferralfeeforreferringyoutotheServiceProvider(s).TheFirmisadiversifiedfinancialservicescompanywithmillionsofclientsinseveralcountriesaroundtheworld.TheFirmroutinelyentersintoavarietyofbusinessrelationshipsforwhicheithertheFirmreceivescompensationorpaysforservices,andsuchbusinessrelationshipsmayincludethenamedServiceProvider(s),itsemployeesoragents,orcompaniesaffiliatedwiththeServiceProvider. ©2021MorganStanleySmithBarneyLLC.MemberSIPC. CRC#3946582(12/2021) ViewDisclosures CloseDisclosures