Morgan Stanley Private Wealth Management


David Wilkinson

Managing Director

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David Wilkinson

Combining our experience with the resources of Morgan Stanley, we help wealthy families address the complex challenges of managing significant wealth.

Welcome

David Wilkinson

David is a Managing Director and Alternative Investments Director at Morgan Stanley with over 30 years of investment experience. David received a BS from Iowa State University and a Trium MBA with distinction from the London School of Economics, New York University and HEC Paris.

David is a member of Morgan Stanley’s Chairman’s Club, an elite group of the firm’s top advisors. David was featured in Barron’s Magazine as one of the top advisors in the country in 2009, 2010, 2015, 2016 and 2017. David is also listed in Forbes Magazine’s List of America’s Best-in-State Wealth Advisors. 

David resides in Chicago with his wife, Brenée. They have five adult children and seven grandchildren.

 

Securities Agent: AK, AZ, CA, CO, CT, DE, FL, HI, IA, IL, IN, KS, MA, MI, MN, MO, NC, NE, NH, NM, NY, SD, TX, VA, WA, WI; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures

NMLS#: 1262161


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

Client Service Team

Client Service Team

Frank Mahoney, CAIA

Assistant Vice President, Director of Business Strategy, Private Wealth Management


Frank has 12 years of industry experience.  A native New Yorker, Frank graduated from Syracuse University with degrees in Finance and Marketing.  He started in the Investment industry with AllianceBernstein, and joined Morgan Stanley in 2007, co-managing an investor services team in the Alternative Investments Group.  Frank moved to Chicago in 2009, joining the team to focus on alternative and traditional manager analysis, investment strategy and client service.  Frank is on the board of Pilot Light Chefs, an organization that partners chefs with Chicago Public Schools to inspire students to make healthier choices.

Taylor Coughlin

Wealth Management Associate


Taylor began her career working for a boutique Wealth Management firm in Chicago after graduating from Indiana University’s Hutton Honors College in 2010. Taylor joined our Morgan Stanley PWM team in 2015, where she specializes in managing client relationships, investment implementation and tailored client reporting. Taylor sits on the Children’s Research Fund Junior Board which supports pediatric medical research conducted at the Stanley Manne Children’s Research Institute (Lurie Children’s Hospital).

Jenna Tonino

Client Service Associate


Jenna is originally from Chicago and a graduate of the top ranked Villanova School of Business. After earning her Masters in Art Business from Sotheby’s Institute of Art in New York, she returned to Chicago to work for The Conservation Center, a fine art conservation lab. Jenna joined our Morgan Stanley PWM team in 2016 and handles daily client account operations. 

Team Quarterly Commentary

This quarter's subjects include:

- Market returns mostly negative for equities and fixed income around the world
     * U.S. Equity markets eke out a positive return due to strength in technology stocks
- International markets giving back some of 2017 gains
     * Valuations look relatively attractive going forward
- Issues of Concern
     * What area of the economy is overleveraged?  
     * Should we be concerned about inflation?
     * Are rising oil prices an issue?
     * Where are we in the economic cycle?
     * Update on tariffs
- Hedge fund performance: Past and Present
- Will Mid-Term elections affect the stock market?
 
Q3 2018 Commentary


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

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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.

Location

Location

  • 440 South Lasalle Street, 38th Fl
  • Chicago, IL 60605


    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.

    Ready to start a conversation? Contact David Wilkinson today.

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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

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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.

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    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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