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Joseph Calao

Morgan Stanley
29 Years of Experience
Waco, TX
1 DisclosureBroker
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Joseph Calao is a registered investment advisor at Morgan Stanley, based in Waco, TX, with 29 years of industry experience. Joseph is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, High Net Worth, Investment Management, Retirement Planning. Their firm serves 2,703,720 clients with $2000B in assets under management.

Morgan Stanley
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
23172 advisors
Number of Clients
2,703,720 clients
Average Client Portfolio
$726K average
Assets Under Management
$1961.9B

Fee Structure

Investment management only (planning not offered)

Morgan Stanley Smith Barney LLC charges a fee for its consulting services, which is generally payable quarterly in advance. The maximum fee for the services is $500,000, and fees are negotiable between the client and their private wealth advisor.

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Location

510 Austin Avenue, Suite. 314, Waco, TX, 76701

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
May 2001
Closed-No Action
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Other Business Activities

Joseph records advertisements for the Waco Symphony Orchestra, a performing arts organization, since 1989. He is also the Austin Chapter President for the Exit Planning Institute since 2022, organizing monthly meetings and dedicating minimal time to this role.

Employment History
Current Registrations
Morgan StanleyBroker
October 2024 - Present · 2 yrs
Morgan Stanley
October 2024 - Present · 2 yrs
Previous Registrations
UBS Financial Services INC.
January 2009 - November 2024 · 15 yrs 10 mos
UBS Financial Services INC.Broker
January 2009 - November 2024 · 15 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
September 2004 - January 2009 · 4 yrs 4 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
September 2004 - January 2009 · 4 yrs 4 mos
Banc of America Investment Services, INC.
August 2004 - September 2004 · 1 mo
Banc of America Investment Services, INC.Broker
August 2004 - September 2004 · 1 mo
Merrill Lynch Pierce Fenner & Smith INC.
January 1997 - August 2004 · 7 yrs 7 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
December 1996 - August 2004 · 7 yrs 8 mos
State Registrations53 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTVirgin IslandsWAWIWVWY
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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