Morgan Stanley Private Wealth Management

The 173 Group

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The 173 Group

Private Wealth Management is dedicated solely to the complex, multigenerational needs of ultra high net worth families, foundations and family offices.


Welcome to Morgan Stanley Private Wealth Management and The 173 Group

With offices on Sand Hill Road in Silicon Valley, our team is dedicated to structuring, implementing, and managing customized financial solutions for families and individuals like you.  Our clients are successful, have very high expectations, and as a result of their success have created increased financial complexity for themselves and the need for more sophisticated and comprehensive financial services.   While the majority of our clients are located in the Bay Area, we have a substantial number of clients across the United States.

We collectively represent more than ten decades of experience working with prominent entrepreneurs, executives, professional investors, families and their charitable entities.  We couple that experience with Morgan Stanley’s expansive capabilities in the global financial industry so that you can accomplish the things in life that are important and unique to you.


Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck.

Our Philosophy

Core to our philosophy is that a team approach is far better able to respond to clients’ complex financial needs and navigate the intricacies of the investment markets, and with that in mind we have intentionally structured The 173 Group to work as a collaborative and cohesive unit for the benefit of clients. 

We believe it is vitally important to maintain deep expertise across financial topics, as well as to provide clear and measurable service and investment processes and results.  Underpinning this approach are four areas of focus.

  • Establish and adhere to rigorous processes for communication, administration, and investment review and analysis.  This enables us to provide a consistently high level of service from all team members.
  • Pursue deep due diligence of investment opportunities and options, including the application of quantitative and qualitative analysis.  Annually this involves hundreds of meetings and calls with investment, tax and legal professionals on behalf of clients.
  • Maintain flexibility while providing clear advice.  Illiquidity can be the source of great risk – and opportunity - in a portfolio.  A dogmatic investment approach can lead to perverse outcomes.  Conversely, there are times that necessitate the acknowledgement of a mistake and the recommendation to make adjustments.
  • Engage in learning and evaluation.  Investing, planning, executing and advising are all iterative and evolving.  Behavioral finance is an increasingly important aspect of our approach to wealth management.  By personality and philosophy, we dedicate time to being in the vanguard of wealth advisory practices.

As a result, we take an analytical approach to strategic and tactical recommendations, and at all times we bring the breadth and depth of Morgan Stanley’s expansive resources and capabilities to our clients.

Our Clients

We work with approximately 120 clients for whom we are able to provide a Family Office experience through the combination of decades of investment experience and broad perspective with a six-person team.   Our clients are diverse but share many attributes:

  • Professionally varied: Entrepreneurs, executives, operators, venture investors, private equity investors, sole proprietors, family office managers
  • Multiple industry sectors: Technology, biotech, medical and retail sectors are the most common sectors
  • Successful: Often through executive action, innovation, leadership or investment acumen, our clients have created significant wealth
  • Geographically diverse:  While the majority of clients reside in the Bay Area, we work with clients across the United States

As individuals, our clients tend to face many of the same situations and share many of the same needs:

  • Portfolio analysis and long-term portfolio management
  • Day-to-day financial advice and administration
  • Estate, wealth transfer and gifting planning strategies
  • Significant liquidity event or private investment distribution preparation
  • Concentrated equity diversification seeking to achieve liquidity and realize price optimization
  • Satisfaction of complex compliance requirements and limitations involving selling restrictions and illiquidity
  • Cash flow analysis and planning
  • Personal borrowing needs,  access to Banking and Lending Services, and lines of credit and margin
  • Direct access to public markets to purchase specific bonds, stocks and options
  • Tax efficiency and need for tax management strategies
  • Access to alternative investments

For each client, our goal is to understand their need on every one of these dimensions and to stay informed of changes as they occur over time.

About PWM

About PWM

Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth.  Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:

  • Manage investments with an unwavering focus on your financial strategy and personal goals
  • Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
  • Simplify financial complexity to help you achieve clarity and control 

Private Wealth Management Highlights
  • Approximately 250 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
  • Over $300 billion in AUM2
  • Comprising over 20% of the Barron’s Top 100 Financial Advisors list for 20163
  • Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families

1 Morgan Stanley Internal Compensable Revenue Report, July 21, 2016
2 Morgan Stanley Wealth Management, December 31, 2016
3 Barron’s Top 100 Financial Advisors, April 16, 2016



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Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.

Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.

Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.

Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.

Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.

Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.



  • 2882 Sand Hill Rd Ste 200
  • Menlo Park, CA 94025

    Meet the Professionals

    Managing Significant Wealth

    • Investment Management
    • Wealth Transfer & Philanthropy
    • Cash Management & Lending
    • Family Governance & Legacy
    • Signature Access
    • Business Services

    Insights and Outcomes

    Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.

    We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.

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    The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.

    Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice.  Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

    Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration.  Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.

    See the Financial Advisors Biographies for Registration and Licensing information.

    Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.

    Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst (with graph element)®, and Certified Investment Management Analyst .

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    Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

    Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.

    Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.

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