Morgan Stanley Private Wealth Management


Clifford / Waters Group

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Clifford / Waters Group

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

Welcome

Website Welcome

As Financial  Advisors, we help our clients think through any financial challenge or opportunity and develop comprehensive strategies designed to achieve their business, personal and philanthropic goals.  Our first obligation is to help them preserve, and then grow, their wealth, providing the experienced counsel and extensive capabilities they need to fulfill their goals for decades - or generations - to come. Our Team, led by senior partner Brett Clifford, has been advising senior executives, entrepreneurs, family office CIOs, and individuals for over 35 years. 

We are professionals with CFA, CFP® and CIMA® designations, who work together with our clients and their tax and legal advisors to deliver personalized, integrated solutions. We provide highly sophisticated investment management capabilities and access to Morgan Stanley’s expertise in tax, trust and estate planning; wealth transfer; philanthropic management; balance sheet management; asset preservation; family dynamics,  and a host of other specialties.

By taking on the multi-faceted challenges of managing their wealth, we help clients focus on what is important to them - their families, causes and ventures they support.

Capabilities

  • Comprehensive Wealth Planning
  • Investment Management
  • Consolidated Reporting
  • Open-Architecture Platform
  • Pre-Liquidity Planning
  • Risk Management
  • Manager Selection
  • Hedging Strategies
  • Proprietary Investment Opportunities
  • Philanthropy Management
  • Sustainable & Responsible Investing
  • Family Governance & Wealth Education


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

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

Approach

Approach

8708849-PWM Advisor Site Proccess Chart r1.jpg

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.

How We Can Help

How We Can Help 

We can help you address the challenges and complexities of wealth so you can accomplish the things in life that are essential to you. We couple more than 120 years of combined team experience- with Morgan Stanley's strength, stature and resources in the global financial industry. 

Drawing on a deep understanding of your financial life and guided by our team, we can help you:
  • Manage investments with an unwavering focus on your financial strategy and personal goals 
  • Structure your wealth and personalize solutions based on an objective view of your needs 
  • Simplify financial complexity to help you achieve clarity and control 
  • Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy 

Our Commitment to Clients 

Insight

With a distinct perspective into the complex financial world, we offer strategies designed to help meet your family's needs 

Focus
Our services are designed exclusively for wealthy individuals, families and their foundations

Experience
A firm that has navigated over 75 years of market cycles

Access
Morgan Stanley Private Wealth Management offers world-class intellectual capital, specialized ultra-high net worth services, and investment solutions 

Personal Service
The highest level of attention is always provided to the limited number of families we serve 
 
Our Capabilities

  • Comprehensive Wealth Planning 
  • Investment Management 
  • Consolidated Reporting 
  • Open-Architecture Platform 
  • Pre-Liquidity Planning 
  • Risk Management 
  • Manager Selection 
  • Hedging Strategies 
  • Proprietary Investment Opportunities 
  • Philanthropy Management 
  • Sustainable & Responsible Investing 
  • Family Governance & Wealth Education


Global Franchise

Global Franchise

Morgan Stanley serves a global clientele of individuals, families, corporations, endowments, foundations, governments and others through three core businesses:

  • Morgan Stanley Wealth Management 
  • Institutional Securities Group
  • Investment Management

Our strength and synergies across each of these businesses not only contributes to the economic vitality and stability of the firm, but also expands the vast resources, expertise and global insight that we can offer you.  

Morgan Stanley Franchise Power
  • $2.1tn in client assets under management1
  • Morgan Stanley reported revenues of $9Bn1
  • Nearly 56,000 global employees1
  • Global footprint includes 1,200 offices in 31 countries on six continents1
  • Tier 1 risk-based capital Ratio under U.S. Basel III was approximately 19%1
  • $202Bn in liquidity reserve1
  • Long-term credit rating A3, BBB+ and A, by Moody’s, S&P and Fitch, respectively2


1
Unaudited. As of December 31, 2016, Morgan Stanley Quarterly Financial Supplement 4Q 2016
2MorganStanley.com/InvestorRelations

Location

Location

  • 650 South Exeter St. Suite 1100
  • Baltimore, MD 21202


    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 from Morgan Stanley Family Office Resources for our ultra high net worth clients, which contains thought-provoking articles, authored by some of the leading FOR specialists.

    More From Morgan Stanley

    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 .

    Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

    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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    Awards Disclosures