Morgan Stanley

CRD#149777
Investment Advisor Firm

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Overview

Morgan Stanley is a financial advisory firm that has its headquarters in Purchase, New York. It controls $729.2 billion in assets under management over 1.8 million accounts, making it one of the largest investment advisory firms in the United States by assets under management (AUM). The firm has a very large team of 26,000 employees, fifteen thousand of whom are financial advisors. Morgan Stanley does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like options, equities and bonds.

Morgan Stanley manages the majority of the company's client assets in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by an investment advisor without requiring client permission. The firm also manages 626,877 non-discretionary accounts with a total of $252.0 billion in AUM. The firm oversees an average of $401,522 for every customer account. An average financial advisor at Morgan Stanley oversees about 121 client accounts.

The firm's headquarters is at 2000 Westchester Avenue, Purchase, New York 10577-2530. Morgan Stanley is allowed to serve clients across 51 U.S. states and territories.

Assets Under Management

$729.2 billion

Number of Advisors

15,000

Fee Structure

Asset-based, Fixed, Commission-based, Other

Disclosures

Yes

Office Location

2000 Westchester Avenue
Purchase, NY 10577-2530

Morgan Stanley by the Numbers

Total Assets Under Management

$729.2 billion

National Average: $3.3 billion
Total Number of Employees

26,000

National Average: 4,943
Total Number of Accounts

1,815,592

National Average: 2,522
Average Account Size

$401.7 thousand

National Average: $1.3 million

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Products and Services

Morgan Stanley offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services. In the last fiscal year, the company provided 115,500 of its customers with financial planning services. Morgan Stanley does sell products or offer services different than investment advice to its clients. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, real estate broker or dealer and commodity pool advisor.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees largely vary depending on which service is offered. However, fee types billed by Morgan Stanley most likely include the following fee structures: asset-based, fixed, commission-based or other. The company participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 3% of firms

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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Types of Clients

Morgan Stanley does business with a number of different customers. The company works with retail investors, high net worth investors, banking institutions, investment companies, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations and other types of clients. Out of its 1,815,592 customers, Morgan Stanley's largest client group by number of accounts is retail investors, but it also serves 5,643 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 0.31%
  • Other Individuals - 97.77%
  • Corporations - 1.9%
  • Charitable Organizations - 0.01%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Morgan Stanley has disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Morgan Stanley

Teri Miller
Huntsville, AL
Tyler Waddell
Torrance, CA
Nicholas Moran
New Orleans, LA
Michael Triolo
Latham, NY
David Hooks
Lakeland, FL
Blake Waldron
Venice, FL
Timothy Seabolt
Sewickley, PA
Daniel Lasker
Long Beach, CA
Lisa Armbrust
Boca Raton, FL

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This content was compiled from the SEC and FINRA