Morgan Stanley Smith Barney LLC offers Private Wealth Management Consulting Services through its private wealth division, primarily serving ultra-high-net-worth individuals and entities. The firm provides customized performance reports, asset allocation recommendations based on client goals and risk tolerance, and reviews of specific investment opportunities. Under this program, Morgan Stanley acts as a non-discretionary investment advisor, meaning clients retain sole responsibility for making all final investment decisions and executing trades. The firm utilizes research from its Global Investment Manager Analysis group to evaluate investment options and helps clients align their portfolios with broader financial objectives. The program does not involve individual security recommendations or discretionary trading authority.
Fee Structure
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.
