Morgan Stanley Smith Barney LLC (Purchase)

Morgan Stanley Smith Barney LLC is a large advisory firm based in Purchase. It manages $729.25 billion of regulatory assets for 1,815,592 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Morgan Stanley Smith Barney provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and asset allocation advice. It prepares financial plans for approximately 115,500 clients. On top of advisory services, the firm also engages as introducing broker and swap firm.

Morgan Stanley Smith Barney: assets under management

The assets under management (AUM) of Morgan Stanley Smith Barney LLC is $729.25 billion. The firm's AUM has grown by 244% since the beginning of its operation, and $26 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $477.51 billion in discretionary accounts and $251.74 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $401.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $401.57 thousand.

Morgan Stanley Smith Barney has custody of $767.74 billion in cash and securities for 2,015,788 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morgan Stanley Smith Barney LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sara Hassan Furber serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Sara Hassan Furber is individuals with 1,775,108 clients and $550.16 billion of assets under management. Among the 10 most similar advisory firms, Morgan Stanley Smith Barney has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $729.23 billion for 1,815,524 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Morgan Stanley Smith Barney also advises several private funds.

Careers at Morgan Stanley Smith Barney LLC

The company employs 26,000 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 20,000 employees are registered as investment adviser representatives with the state securities authorities.

There are 654 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Sara Hassan Furber has been acting as President since 1 Jul 2013. David Anthony Galasso joined the executive team most recently as the Principal Operations Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 26 indirect owners.

Based in Purchase

The principal office where Morgan Stanley Smith Barney LLC performs its advisory services is located at 2000 Westchester Avenue, Purchase, NY 10577 2530 The mailing address of the firm is North American Registration, Baltimore, MD 21201. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-225-5510 or by fax 443-682-6095. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at morganstanleyclientserv.com.

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