DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Morgan Stanley

WirehousePurchase, New YorkCRD 149777SEC 801-70103websiteIAPD
Legal name Morgan Stanley Smith Barney LLC
Latest filing Aug 7, 2026
First filing on the tape Dec 1, 2011 · 326 filings
SEC status approved since May 11, 2009
RAUM
$1962B
reported, Item 5.F
Discretionary
73%
of RAUM
Private clients
90%
$1773B individuals and HNW
Advisors
23,147
registered through the firm on IAPD
RAUM per advisor
$84.8M
derived; firm RAUM over IAPD count
Employees
29,481
13,000 advisory (5.B.1)
Offices
627
beyond the principal office
Private funds
0
reported on Schedule D
History
326 filings and snapshots on the tape
RAUM$1962B as of Aug 7, 2026
Mar 30, 2012$330B then
HNW client RAUM$528B as of Aug 7, 2026
Mar 29, 2018$77B then
State-registered IARs (5.B.3)23,077 as of Aug 7, 2026
Mar 28, 201320,000 then
Employees (5.A)29,481 as of Aug 7, 2026
Mar 28, 201327,000 then
Private funds: no history
RAUM +19% over the last fiscal year+18% a year over threeIARs 22,300 to 23,077
Practice profile
derived from the filing of Aug 7, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$84.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
114derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$12.1MderivedHNW RAUM over HNW clients
Average account
$725,625derivedRAUM over accounts (5.F.2.f)
Discretionary
73%derivedof RAUM
Institutional
8.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
36.9derived628 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+3.5%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.5%derived
Compensation
percentage of assets, fixed fees, performance-based, commissions, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, selection of other advisers, educational seminars, otherreportedItem 5.G
Financial planning clients
213,500reportedItem 5.H
Wrap fee program
$1962BreportedItem 5.I
Custody
$2010B, 2,866,692 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • the adviser acts as qualified custodian (9.D.1)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$1245B63%
  • High-net-worth individuals$528B27%
  • Charitable organizations$79B4.1%
  • Pension and profit-sharing plans$75B3.8%
  • Corporations and businesses$14B0.7%
  • State and municipal entities$8.1B0.4%
  • Banks and thrifts$6.4B0.3%
  • Insurance companies$5.9B0.3%
  • Investment companies$264M0.0%
Individual clients
2,600,707reported
HNW clients
43,631reported
Pension plan clients
10,466reported
Charitable clients
39,751reported
Accounts
2,703,720reported
Financial planning clients
213,500reported
Wrap fee programs
$294B sponsored, $0 managedreported
Custody of client assets
$2010B for 2,866,692 clientsreported
Compensation
% of AUM, fixed, performance, commissionsreported
Class basis
curated wirehouse listderived
Advisors registered through the firm
23,169 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Roger GarzaSan Antonio, TxJun 1, 200924 y2
Steven Harry CaltabianoNorthfield, NjJun 1, 200927 y2
Andrew Charles DemoreSioux Falls, SdJun 1, 200927 y2
Nathan Lee LinkAlpharetta, GaJun 1, 200927 y2
Jacqueline FritzMequon, WiJun 1, 200925 y1
Jason Christopher FranzMiddleton, Ma Jun 1, 200926 y1
Nathan John HuveldtBellevue, WaJun 1, 200927 y2
Matthew Carlyle MarckmannWest Des Moines, IaJun 1, 200927 y2
Raymond Matthew BraumPepper Pike, OhJun 1, 200927 y2
Jeff Tzong JowSugar Land, TxJun 1, 200927 y3
Maria Catherine BrahamChicago, IlJun 1, 200924 y2
Frederick Way BoothNew Haven, CtJun 1, 200926 y1
Jeanie T WhiteGreenville, DeJun 1, 200919 y1
Donald Lee WhiteheadHouston, Tx Jun 1, 200930 y2
J Jay RobinsonJacksonville, FlJun 1, 200927 y2
Mikel Rex HamHouston, TxJun 1, 200927 y2
Jon FedorCincinnati, OhJun 1, 200923 y1
David Chad KasprzakGrand Rapids, MiJun 1, 200926 y3
Brian Patrick BroganMenlo Park, CaJun 1, 200927 y1
Carleen Marie MulhollandAllentown, PaJun 1, 200926 y1
Jason Paul BogardusSan Francisco, Ca Jun 1, 200925 y1
Kamran Alexander SarkaratiMelbourne, FlJun 1, 200927 y2
John S GajdekVirginia Beach, Va Jun 1, 200927 y2
Audrey Lemon ThorsonAlpharetta, GaJun 1, 200927 y1
James A GulloNaples, FlJun 1, 200927 y1
Christopher Aidan ToomeyNew York, NyJun 1, 200919 y2
Ta-Tanisha RibardoMorristown, NjJun 1, 200924 y2
Ned Joseph MilinOrinda, CaJun 1, 200922 y2
Douglas Michael JarrardWinter Park, FlJun 1, 200926 y2
John Allan SippleCertified Financial PlannerSalem, OrJun 1, 200927 y1
Derek Page HerringtonGreensburg, PaJun 1, 200927 y1
Sanford John RoberdsTulsa, OkJun 1, 200927 y1
Amy Elizabeth MunsellTulsa, OkJun 1, 200927 y2
Enrique LernerClayton, MoJun 1, 200922 y3
Melissa A BednarczykPurchase, NyJun 1, 200923 y1
Patrick O RindfleischMiddleton, WiJun 1, 200927 y3
John Charles AyersProvidence, RiJun 1, 200927 y2
Mary Kathryn MassoLos Angeles, CaJun 1, 200922 y1
Lori J AllenColumbus, GaJun 1, 200926 y1
Jason Brent SteichenWaukesha, WiJun 1, 200926 y2
All 23,169 advisors at Morgan Stanley
Advisor movement
768 left, 823 joined in 12 months
net +55 in 12 months166 left in 90 days178 joined in 90 daysdeparture rate 3.3% of current headcount2,659 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Jacques Carlo Jr Adrien · Principal Financial Officercontrol
    since 05/2019 · owns less than 5%
  • Jed Finn · Director, Chairman, President And Chief Executive Officercontrol
    since 01/2024 · owns less than 5%
  • David Anthony Galasso · Principal Operations Officercontrol
    since 07/2019 · owns less than 5%
  • William Benjamin Givens · Chief Compliance Officer (Bd Only)control
    since 07/2024 · owns less than 5%
  • Timothy Gerard Hansen · Chief Compliance Officer (Ia Only )control
    since 03/2011 · owns less than 5%
  • Michael S Hennessy · Directorcontrol
    since 01/2024 · owns less than 5%
  • James Troy Janover · Directorcontrol
    since 02/2016 · owns less than 5%
  • Chad Edward Turner · Directorcontrol
    since 01/2024 · owns less than 5%
  • Patricia Kay Fletcher · Texas Designated Principal
    since 10/2023 · owns less than 5%
Entity owners
  • Morgan Stanley Capital Management, LLC · Member
    direct · owns 75% or more
  • Morgan Stanley · Member
    indirect · owns 75% or more of Morgan Stanley Capital Management LLC · public reporting company
Related persons
Schedule D 7.A
  • Aip 1gt Fund (Lux) Gp S.A.R.L.
    pooled vehicle sponsorn
  • Aip 1gt Fund Gp LP
    pooled vehicle sponsorn
  • Aip Asia-Sma Gp LP
    pooled vehicle sponsorn
  • Aip Asia-Sma II Slp LP
    investment advisern
  • Aip Asia-Sma III Slp LP
    investment advisern
  • Aip Brickyard Gp LP
    pooled vehicle sponsorn
  • Aip Comprehensive Secondaries I Gp LP
    pooled vehicle sponsorn
  • Aip Comprehensive Secondaries II Gp LP
    pooled vehicle sponsorn
  • Aip Comprehensive Secondaries III Slp LP
    investment advisern
  • Aip Cosmic Slp LP
    investment advisern
  • Aip Crystal-Sma I Slp LP
    investment advisern
  • Aip Diamond-Sma I Slp LP
    investment advisern
  • Aip Dr Slp LP
    investment adviserpooled vehicle sponsorn
  • Aip Gateway II Gp LP
    pooled vehicle sponsorn
  • Aip Global Diversified Alternatives V Gp LP
    pooled vehicle sponsorn
  • Aip Global Diversified Vi Gp LP
    pooled vehicle sponsorn
  • Aip Global Diversified Vii Slp LP
    investment advisern
  • Aip Global Impact I Gp LP
    pooled vehicle sponsorn
  • Aip Global Income I Gp LP
    pooled vehicle sponsorn
  • Aip Global Income II Slp LP
    investment advisern
  • Aip Global Venture I Slp LP
    investment advisern
  • Aip Granite-Sma Gp LP
    pooled vehicle sponsorn
  • Aip Mbar Slp LP
    investment advisern
  • Aip Mcs Value Slp LP
    investment advisern
  • Aip Medyard Gp LP
    pooled vehicle sponsorn
  • Aip Nml-Sma Gp LP
    pooled vehicle sponsorn
  • Aip Opportunistic Aci I Gp LP
    pooled vehicle sponsorn
  • Aip Opportunistic Aci II Slp Gp LP
    pooled vehicle sponsorn
  • Aip Opportunistic Aci III Slp LP
    investment advisern
  • Aip Opportunistic Alternatives Gp LP
    pooled vehicle sponsorn
Advisers that list Morgan Stanley as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
New York, Ny2,5842926111
Purchase, Ny · principal884187251
Chicago, Il7208917
San Francisco, Ca571347
Atlanta, Ga50239224
Miami, Fl4855413
Boston, Ma42748143
Houston, Tx388206
Alpharetta, Ga37174231
Tampa, Fl34260383
Morristown, Nj295192
Dallas, Tx262303
Washington, Dc2591182
Garden City, Ny247191
Los Angeles, Ca2461731
Boca Raton, Fl23913121
Menlo Park, Ca232153
Paramus, Nj192124
Palo Alto, Ca189173
Seattle, Wa189142
Offices
Schedule D 1.F, the 25 largest
  • Alpharetta, GA600 employees
  • Sandy, UT494 employees
  • Chicago, IL325 employees
  • New York, NY302 employees
  • New York, NY278 employees
  • New York, NY245 employees
  • San Francisco, CA244 employees
  • Purchase, NY226 employees
  • Chicago, IL225 employees
  • Boston, MA222 employees
  • Beverly Hills, CA208 employees
  • Gilbert, AZ204 employees
  • Miami, FL196 employees
  • New York, NY190 employees
  • Atlanta, GA188 employees
  • Washington, DC180 employees
  • Wellesley, MA170 employees
  • Tampa, FL169 employees
  • San Francisco, CA168 employees
  • New York, NY166 employees
  • Pasadena, CA158 employees
  • New York, NY156 employees
  • Aventura, FL154 employees
  • Melville, NY151 employees
  • Morristown, NJ148 employees
What changed
consecutive filings, newest first
  • Accounts · 2,539,760 to 2,703,720
    Feb 23, 2026 to Mar 30, 2026
  • BD registered reps · 27,905 to 26,985
    Feb 23, 2026 to Mar 30, 2026
  • Charity clients · 38,528 to 39,751
    Feb 23, 2026 to Mar 30, 2026
  • Corporate clients · 1,711 to 1,982
    Feb 23, 2026 to Mar 30, 2026
  • HNW clients · 34,704 to 43,631
    Feb 23, 2026 to Mar 30, 2026
  • Individual clients · 2,448,796 to 2,600,707
    Feb 23, 2026 to Mar 30, 2026
  • Pension plan clients · 9,763 to 10,466
    Feb 23, 2026 to Mar 30, 2026
  • Assets in custody · $1755B to $2010B
    Feb 23, 2026 to Mar 30, 2026
  • Employees · 29,200 to 29,481
    Feb 23, 2026 to Mar 30, 2026
  • State-registered IARs · 22,300 to 23,077
    Feb 23, 2026 to Mar 30, 2026
  • Discretionary RAUM · $1196B to $1435B
    Feb 23, 2026 to Mar 30, 2026
  • HNW RAUM · $419B to $528B
    Feb 23, 2026 to Mar 30, 2026
  • Individual RAUM · $1075B to $1245B
    Feb 23, 2026 to Mar 30, 2026
  • Non-discretionary RAUM · $454B to $527B
    Feb 23, 2026 to Mar 30, 2026
  • Pension RAUM · $56B to $75B
    Feb 23, 2026 to Mar 30, 2026
  • RAUM · $1650B to $1962B
    Feb 23, 2026 to Mar 30, 2026
  • Wrap assets (sponsor) · $260B to $294B
    Feb 23, 2026 to Mar 30, 2026
  • Financial planning clients · More than 500 to More than 500
    Mar 28, 2025 to Jul 21, 2025
  • Accounts · 2,405,783 to 2,539,760
    Feb 3, 2025 to Mar 28, 2025
  • BD registered reps · 26,100 to 27,905
    Feb 3, 2025 to Mar 28, 2025
  • Charity clients · 36,383 to 38,528
    Feb 3, 2025 to Mar 28, 2025
  • Corporate clients · 1,448 to 1,711
    Feb 3, 2025 to Mar 28, 2025
  • HNW clients · 27,844 to 34,704
    Feb 3, 2025 to Mar 28, 2025
  • Individual clients · 2,325,223 to 2,448,796
    Feb 3, 2025 to Mar 28, 2025
  • Pension plan clients · 9,342 to 9,763
    Feb 3, 2025 to Mar 28, 2025
  • Assets in custody · $1460B to $1755B
    Feb 3, 2025 to Mar 28, 2025
  • Employees · 29,300 to 29,200
    Feb 3, 2025 to Mar 28, 2025
  • State-registered IARs · 22,500 to 22,300
    Feb 3, 2025 to Mar 28, 2025
  • Other offices · 930 to 627
    Feb 3, 2025 to Mar 28, 2025
  • Discretionary RAUM · $1010B to $1196B
    Feb 3, 2025 to Mar 28, 2025
  • HNW RAUM · $335B to $419B
    Feb 3, 2025 to Mar 28, 2025
  • Individual RAUM · $926B to $1075B
    Feb 3, 2025 to Mar 28, 2025
  • Non-discretionary RAUM · $393B to $454B
    Feb 3, 2025 to Mar 28, 2025
  • Pension RAUM · $45B to $56B
    Feb 3, 2025 to Mar 28, 2025
  • RAUM · $1402B to $1650B
    Feb 3, 2025 to Mar 28, 2025
  • Wrap assets (sponsor) · $233B to $260B
    Feb 3, 2025 to Mar 28, 2025
  • Assets in custody · $1209B to $1460B
    Jul 2, 2024 to Jul 8, 2024
  • Accounts · 2,233,188 to 2,405,783
    Mar 12, 2024 to Mar 28, 2024
  • Advisory employees · 15,000 to 13,000
    Mar 12, 2024 to Mar 28, 2024
  • BD registered reps · 26,300 to 26,100
    Mar 12, 2024 to Mar 28, 2024
Signals
60 dated events
  • William Burton no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Laresa D Brown no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Katie Wu no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Spencer Kingsley Osei registered as an investment adviser representative at Morgan Stanley
    Sep 16, 2026 · Advisor registered · fact
  • Emma Mclean Fritton registered as an investment adviser representative at Morgan Stanley
    Sep 16, 2026 · Advisor registered · fact
  • Jaedon Collett Hands registered as an investment adviser representative at Morgan Stanley
    Sep 16, 2026 · Advisor registered · fact
  • Joseph G Vojtech registered as an investment adviser representative at Morgan Stanley
    Sep 16, 2026 · Advisor registered · fact
  • William Finn registered as an investment adviser representative at Morgan Stanley
    Sep 16, 2026 · Advisor registered · fact
  • Christopher T Molineaux registered as an investment adviser representative at Morgan Stanley
    Sep 16, 2026 · Advisor registered · fact
  • Alexander T Skaltsis registered as an investment adviser representative at Morgan Stanley
    Sep 16, 2026 · Advisor registered · fact
  • Angelo Amitsis added a FL registration at Morgan Stanley
    Sep 16, 2026 · New state registration · fact
  • Alec Stephen Ardito added a PA registration at Morgan Stanley
    Sep 16, 2026 · New state registration · fact
  • Jorden Rhodes left Morgan Stanley for Edward Jones (registered 2026-09-14)
    Sep 16, 2026 · Advisor changed firm · fact
  • Matthew S Major no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-15 feed)
    Sep 15, 2026 · Advisor registration ended · derived
  • Barbara Collette no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-15 feed)
    Sep 15, 2026 · Advisor registration ended · derived
  • Christian T Pellman registered as an investment adviser representative at Morgan Stanley
    Sep 15, 2026 · Advisor registered · fact
  • Nathanial J. Collins registered as an investment adviser representative at Morgan Stanley
    Sep 15, 2026 · Advisor registered · fact
  • Robert Jackson Mills registered as an investment adviser representative at Morgan Stanley
    Sep 15, 2026 · Advisor registered · fact
  • Michael Sean White added a VA registration at Morgan Stanley
    Sep 15, 2026 · New state registration · fact
  • Agustin Menendez Alurralde added a FL registration at Morgan Stanley
    Sep 15, 2026 · New state registration · fact
  • Everett Peroni added a NJ registration at Morgan Stanley
    Sep 15, 2026 · New state registration · fact
  • Agustin Menendez Alurralde registered as an investment adviser representative at Morgan Stanley
    Sep 14, 2026 · Advisor registered · fact
  • Shuzhen Xu registered as an investment adviser representative at Morgan Stanley
    Sep 14, 2026 · Advisor registered · fact
  • Ato Jacobs no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-14 feed)
    Sep 14, 2026 · Advisor registration ended · derived
  • Spencer Philip Notarianni no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-14 feed)
    Sep 14, 2026 · Advisor registration ended · derived
  • Chinenye F Enueme no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-14 feed)
    Sep 14, 2026 · Advisor registration ended · derived
  • Michael Vogel no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-14 feed)
    Sep 14, 2026 · Advisor registration ended · derived
  • Cooper A Cornett no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-14 feed)
    Sep 14, 2026 · Advisor registration ended · derived
  • Michael A Sbano no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-14 feed)
    Sep 14, 2026 · Advisor registration ended · derived
  • James W Bullock no longer holds an investment adviser registration (last listed at Morgan Stanley on the 2026-09-14 feed)
    Sep 14, 2026 · Advisor registration ended · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Website
MORGANSTANLEYCLIENTSERV.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
914-225-5510reportedpublic record, Form ADV, Aug 7, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Wirehousederiveda rule over Items 5.D and 7.A
RAUM per advisor
$84.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

Morgan Stanley is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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