Morgan Stanley Private Wealth Management


Whitney, Sakach, DiChristofano, & Birnbaum

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Whitney, Sakach, DiChristofano, & Birnbaum

A boutique group within a global firm, Private Wealth Management is optimized to serve ultra high net worth individuals, families and foundations.

Welcome

Our Mission

To provide customized, innovative investment advice to private clients and institutional investors by:

  • Operating with our clients’ interests first;
  • Collaborating with, and listening to, clients to define and meet their goals;
  • Unwavering focus on investment solutions and not products;
  • Challenging conventional wisdom and acting on compelling ideas;
  • Delivering a truly open architecture investment platform.

Capabilities

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


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

Location

Location

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


    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.

    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

    About Graystone

    The world in which we live and operate is changing at an unprecedented pace. Your consulting firm must be able to adapt quickly to the evolving needs of your organization and provide fresh, strategic ideas and solutions focused on objective non-proprietary recommendations, best-in-class portfolio construction, governance, and risk management.

    Graystone Consulting offers the unique combination of an institutional consulting boutique with the global resources of one of the world’s preeminent financial organizations. A separate and independent business unit of Morgan Stanley, Graystone Consulting has more than $277 billion (as of December 31, 2016)  of institutional advisory assets and more than 40 years of experience advising clients as a fiduciary.  The foundation of Graystone Consulting’s boutique structure is highly experienced local teams offering customized solutions and personalized service to foundations and endowments, defined benefit and defined contribution plans, Taft Hartley and municipal retirement plans, family offices and other corporate entities.

    This tailored boutique experience offers a spectrum of integrated investment consulting solutions delivered within a disciplined institutional framework. Additionally, our dedicated institutional consultants are supported by the world-class resources of Morgan Stanley, including extensive manager analysis, capital markets expertise, philanthropy and impact investing professionals, institutional thought leadership, and the power of more than 1,000 professionals providing operational, legal, risk and compliance oversight.

    The result is an entrepreneurial culture aligned with your mission, values and goals, while focused on transparency, accountability, and helping you meet your fiduciary obligations.


    Why Clients Hire Us

    Leveraging the vast resources of Morgan Stanley, our institutional clients and our Family Wealth Advisory clients benefit from the solutions designed to serve the needs of high net worth and ultra-high net worth investors. In fulfilling our duties to our clients, our team provides asset management, alternative investments, asset allocation and for our Family Wealth clients we also provide planning services, estate preservation strategies, fiduciary and trust services and debt management.

    • A boutique Multi‐family Office: Our Clients experience the boutique nature of our advisory practice, while benefitting directly from the strength of a global bank and extensive intellectual capital.
    • A Deeply Experienced Team: Mike, Jim and Mary have worked together as a team for over 24 years, allowing us to work with consistency and also allows us to build long-standing client relationships.
    • Conflict‐Free Structure: Our investment platform, fee arrangements and compensation structure are intended to align us most closely with the interests of our clients.
    • You will be an important client: We are committed to providing you with the focus and attention you need from the senior members of our team.
    Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third‐party corporate trustee.


    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.

    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.

    Awards Disclosures