{"url":"https://nivawealth.com/firms/morgan-stanley-smith-barney-149777","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/149777","regulatoryAum":1961887313229,"crd":"149777","secFileNumber":"801-70103","legalName":"Morgan Stanley Smith Barney LLC","displayName":"Morgan Stanley Smith Barney","website":"http://www.morganstanley.com","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2000 Westchester Avenue","city":"Purchase","state":"NY","stateName":"New York","country":"United States","postalCode":"10577-2530"},"tradeNames":["Consulting Group","Graystone Consulting","Morgan Stanley","Morgan Stanley Consulting Group","Morgan Stanley Private Wealth Management","Morgan Stanley Smith Barney","Morgan Stanley Wealth Management"],"registration":{"secApproved":"11 May 2009","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":29481,"advisory":13000,"brokerDealerReps":26985,"insuranceAgents":13305,"promoters":406},"aum":{"discretionary":1434514399680,"discretionaryAccounts":2159438,"nonDiscretionary":527372913549,"nonDiscretionaryAccounts":544282,"wrapProgram":1961887313229,"nonUsClientsPct":1,"nonAumClients":416984},"clientTypes":[{"label":"Individuals (other than HNW)","clients":2600707,"regulatoryAum":1245388422212},{"label":"High-net-worth individuals","clients":43631,"regulatoryAum":527589564614},{"label":"Banking or thrift institutions","clients":4257,"regulatoryAum":6389373258},{"label":"Investment companies","clients":4,"regulatoryAum":263737897},{"label":"Pension and profit-sharing plans","clients":10466,"regulatoryAum":74862543476},{"label":"Charitable organizations","clients":39751,"regulatoryAum":79476184372},{"label":"State or municipal government entities","clients":1423,"regulatoryAum":8108465859},{"label":"Insurance companies","clients":1387,"regulatoryAum":5876245823},{"label":"Corporations and other businesses","clients":1982,"regulatoryAum":13874367326},{"label":"Other","clients":112,"regulatoryAum":58408392}],"fees":[],"feeNotes":[],"custodians":[{"name":"Morgan Stanley Smith Barney LLC","shortName":"Morgan Stanley","location":"Purchase, NY","smaAssets":1733996722410}],"custodyNote":"Morgan Stanley Smith Barney has custody of $2010.23B for 2,866,692 clients.","otherCustodians":[],"leadership":[{"name":"Jed Finn","title":"Director, Chairman, President and Chief Executive Officer","crd":"5658048"},{"name":"John William Crowe","title":"Chief Financial Officer","crd":"5475007"},{"name":"William Benjamin Givens","title":"Chief Compliance Officer (BD Only)","crd":"2790454"},{"name":"Timothy Gerard Hansen","title":"Chief Compliance Officer (ia Only )","crd":"4956475"},{"name":"Patricia Kay Fletcher","title":"Texas Designated Principal","crd":"1202060"},{"name":"David Anthony Galasso","title":"Principal Operations Officer","crd":"1926502"},{"name":"Michael S Hennessy","title":"Director","crd":"1988660"},{"name":"James Troy Janover","title":"Director","crd":"2818307"},{"name":"Vincent John Lumia","title":"Director","crd":"3147533"},{"name":"Chad Edward Turner","title":"Director","crd":"6009808"}],"ownership":[{"label":"Morgan Stanley Capital Management, LLC","detail":"Member in the 75% or more ownership band and a control person, since August 2023."},{"label":"Morgan Stanley","detail":"Indirect owner: a member of Morgan Stanley Capital Management, LLC in the 75% or more band and a control person, since October 2002.","parent":"Morgan Stanley Capital Management, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":627,"privateResidences":0},"listedOfficeAddresses":26,"officesByState":[{"state":"Arizona","offices":2,"addresses":[{"street":"400 East Rivulon Boulevard","city":"Gilbert"},{"street":"14850 North Scottsdale Road","city":"Scottsdale"}]},{"state":"California","offices":4,"addresses":[{"street":"55 South Lake Avenue Pasadena Towers - Tower II","city":"Pasadena"},{"street":"555 California Street","city":"San Francisco"},{"street":"9665 Wilshire BLVD","city":"Beverly Hills"},{"street":"555 California Street","city":"San Francisco"}]},{"state":"Florida","offices":3,"addresses":[{"street":"350 East Las Olas Boulevard","city":"Fort Lauderdale"},{"street":"200 South Biscayne BLVD","city":"Miami"},{"street":"4050 West Boy Scout Boulevard","city":"Tampa"}]},{"state":"Georgia","offices":2,"addresses":[{"street":"3 Edison Drive","city":"Alpharetta"},{"street":"3280 Peachtree Road Ne","city":"Atlanta"}]},{"state":"Illinois","offices":3,"addresses":[{"street":"233 South Wacker Drive","city":"Chicago"},{"street":"2211 York Road","city":"Oak Brook"},{"street":"233 S Wacker DR.","city":"Chicago"}]},{"state":"Massachusetts","offices":2,"addresses":[{"street":"112 Worcester Street","city":"Wellesley"},{"street":"28 State Street","city":"Boston"}]},{"state":"New York","offices":8,"addresses":[{"street":"2000 Westchester Avenue","city":"Purchase","headquarters":true},{"street":"399 Park Avenue","city":"New York"},{"street":"1200 Franklin Avenue","city":"Garden City"},{"street":"2000 Westchester Avenue","city":"Purchase"},{"street":"55 East 52nd Street","city":"New York"},{"street":"1585 Broadway","city":"New York"},{"street":"55 East 52nd ST.","city":"New York"},{"street":"55 East 52nd Street","city":"New York"}]},{"state":"Utah","offices":1,"addresses":[{"street":"200 West Civic Center Drive","city":"Sandy"}]},{"state":"Washington","offices":1,"addresses":[{"street":"601 Union Street, Two Union Square","city":"Seattle"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"914-225-5510","stateRegisteredReps":23077,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Commissions","Performance-based fees","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops","Other"],"financialPlanningClients":"213500","assetMix":[{"label":"Exchange-traded equity securities","percent":58},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":2},{"label":"Investment grade corporate bonds","percent":4},{"label":"Securities issued by registered investment companies or business development companies","percent":25},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":4},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":1,"detail":"Structured Investments and Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"28 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/149777/PDF/149777.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Morgan Stanley Smith Barney have?","answer":"Morgan Stanley Smith Barney has 2,703,720 clients and manages $1961.9 billion for them, as of September 2026. They include 2,600,707 other individuals, 43,631 high-net-worth individuals and 39,751 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Morgan Stanley Smith Barney offer?","answer":"Morgan Stanley Smith Barney provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, selecting other managers, educational seminars and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Morgan Stanley Smith Barney use?","answer":"Morgan Stanley Smith Barney’s separately managed account assets are held at Morgan Stanley Smith Barney LLC (Purchase, NY), with $1,733,996,722,410. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Morgan Stanley Smith Barney have?","answer":"Morgan Stanley Smith Barney has 23,077 investment adviser representatives registered with state securities authorities, out of 29,481 employees, and 13,000 perform investment advisory functions. 26,985 are registered representatives of a broker-dealer and 13,305 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Morgan Stanley Smith Barney invest in?","answer":"At the end of its last fiscal year, Morgan Stanley Smith Barney’s separately managed accounts held 58% exchange-traded equities, 25% registered funds (mutual funds, ETFs, BDCs), 4% investment grade corporate bonds, 4% pooled vehicles (private funds and similar), 4% cash and equivalents, 2% U.S. government and agency bonds, 2% state and local bonds and 1% structured investments and annuities. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Morgan Stanley Smith Barney?","answer":"Morgan Stanley Smith Barney is owned through a holding company by Morgan Stanley. Its direct owner is Morgan Stanley Capital Management, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Morgan Stanley Smith Barney get paid?","answer":"Morgan Stanley Smith Barney is paid through a percentage of assets under management, fixed fees, commissions, performance-based fees and other arrangements.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}