{
  "crd_number": 149777,
  "slug": "morgan-stanley-purchase-ny-149777",
  "primary_business_name": "MORGAN STANLEY",
  "legal_name": "MORGAN STANLEY SMITH BARNEY LLC",
  "dbas": [
    "CONSULTING GROUP",
    "GRAYSTONE CONSULTING",
    "MORGAN STANLEY",
    "MORGAN STANLEY CONSULTING GROUP",
    "MORGAN STANLEY PRIVATE WEALTH MANAGEMENT",
    "MORGAN STANLEY SMITH BARNEY",
    "MORGAN STANLEY WEALTH MANAGEMENT"
  ],
  "city": "Purchase",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-05-11",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-09-28",
  "carried_forward": false,
  "raum_total": 1961887313229.0,
  "raum_discretionary": 1434514399680.0,
  "raum_non_discretionary": 527372913549.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 29481,
  "advisory_employees": 13000,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 58408392.0,
      "count": 112,
      "description": "INVESTMENT CLUBS"
    },
    "charitable": {
      "raum": 79476184372.0,
      "count": 39751
    },
    "individuals": {
      "raum": 1245388422212.0,
      "count": 2600707
    },
    "banking_thrift": {
      "raum": 6389373258.0,
      "count": 4257
    },
    "state_municipal": {
      "raum": 8108465859.0,
      "count": 1423
    },
    "insurance_companies": {
      "raum": 5876245823.0,
      "count": 1387
    },
    "investment_companies": {
      "raum": 263737897.0,
      "count": 4
    },
    "pension_profit_sharing": {
      "raum": 74862543476.0,
      "count": 10466
    },
    "high_net_worth_individuals": {
      "raum": 527589564614.0,
      "count": 43631
    },
    "corporations_other_businesses": {
      "raum": 13874367326.0,
      "count": 1982
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 19,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://morganstanley.com",
    "https://morganstanleyclientserv.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149777",
  "disclosure_items": [
    {
      "item": "11.A(1)",
      "question": "In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a felony?"
    },
    {
      "item": "11.A(2)",
      "question": "In the past ten years, has the firm or an advisory affiliate been charged with a felony?"
    },
    {
      "item": "11.B(1)",
      "question": "In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a misdemeanor involving investments or an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these?"
    },
    {
      "item": "11.B(2)",
      "question": "In the past ten years, has the firm or an advisory affiliate been charged with one of the misdemeanors listed in 11.B(1)?"
    },
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.D(5)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?"
    },
    {
      "item": "11.E(1)",
      "question": "Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    },
    {
      "item": "11.F",
      "question": "Has an authorization to act as an attorney, accountant, or federal contractor granted to the firm or an advisory affiliate ever been revoked or suspended?"
    },
    {
      "item": "11.G",
      "question": "Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?"
    },
    {
      "item": "11.H(1)(a)",
      "question": "In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.H(1)(b)",
      "question": "Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?"
    },
    {
      "item": "11.H(1)(c)",
      "question": "Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?"
    }
  ],
  "city_as_filed": "PURCHASE",
  "url": "https://advisorcensus.com/firm/morgan-stanley-purchase-ny-149777",
  "display_name": "Morgan Stanley",
  "summary": "Morgan Stanley is an SEC-registered investment advisory firm in Purchase, NY, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 28, 2026.",
  "citation": "AdvisorCensus. Morgan Stanley (CRD 149777): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Commissions",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Morgan Stanley compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Morgan Stanley reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Morgan Stanley located?",
      "a": "Morgan Stanley's principal office is in Purchase, NY, according to its Form ADV; the October 2026 filing also lists 19 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Morgan Stanley registered with the SEC or a state?",
      "a": "Morgan Stanley is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 149777."
    },
    {
      "q": "How much does Morgan Stanley manage?",
      "a": "Morgan Stanley reports $1,961,887,313,229 in regulatory assets under management in its Form ADV filing dated September 28, 2026 (73% discretionary)."
    },
    {
      "q": "How have Morgan Stanley's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Morgan Stanley: Regulatory assets under management: $1,075,993,037,672 in the October 2021 data and $1,961,887,313,229 in the October 2026 data, up 82%. Total employees: 26,000 in October 2021 and 29,481 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Morgan Stanley serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,600,707); high net worth individuals (43,631); charitable organizations (39,751)."
    },
    {
      "q": "Which custodians does Morgan Stanley use?",
      "a": "Morgan Stanley's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Morgan Stanley report any disciplinary disclosures?",
      "a": "Reports 19 disclosure items on Form ADV Item 11: yes answers to 4 questions about criminal matters, 12 questions about regulatory matters, and 3 questions about civil court matters (11.A(1), 11.A(2), 11.B(1), 11.B(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.D(5), 11.E(1), 11.E(2), 11.E(4), 11.F, 11.G, 11.H(1)(a), 11.H(1)(b), 11.H(1)(c)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/149777"
    },
    {
      "q": "What changed in Morgan Stanley's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Item 11 disclosure answers changed: 19 yes answers, previously 20 (now no: 11.H(2)). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1075993037672.0,
      "total_employees": 26000,
      "filing_date": "2021-09-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1311934806306.0,
      "total_employees": 26500,
      "filing_date": "2022-09-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1185061196999.0,
      "total_employees": 28000,
      "filing_date": "2023-09-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1402425838334.0,
      "total_employees": 29300,
      "filing_date": "2024-09-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1650015946338.0,
      "total_employees": 29200,
      "filing_date": "2025-07-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1961887313229.0,
      "total_employees": 29481,
      "filing_date": "2026-09-28"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Item 11 disclosure answers changed: 19 yes answers, previously 20 (now no: 11.H(2)).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Item 11 disclosure answers changed: 20 yes answers, previously 21 (now no: 11.D(1))."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,650,015,946,338 to $1,961,887,313,229 (+19%).",
        "Changed its office addresses in Chicago, IL.",
        "Changed its office addresses in New York, NY.",
        "Added an office in Oak Brook, IL.",
        "Added an office in Scottsdale, AZ.",
        "No longer lists an office in Morristown, NJ."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Item 11 disclosure answers changed: 21 yes answers, previously 20 (now yes: 11.H(2))."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": true
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/morgan-stanley-purchase-ny-149777.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 2600707,
      "fewer_than_5": false,
      "raum": 1245388422212.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 43631,
      "fewer_than_5": false,
      "raum": 527589564614.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 4257,
      "fewer_than_5": false,
      "raum": 6389373258.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 4,
      "fewer_than_5": false,
      "raum": 263737897.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 10466,
      "fewer_than_5": false,
      "raum": 74862543476.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 39751,
      "fewer_than_5": false,
      "raum": 79476184372.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1423,
      "fewer_than_5": false,
      "raum": 8108465859.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1387,
      "fewer_than_5": false,
      "raum": 5876245823.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1982,
      "fewer_than_5": false,
      "raum": 13874367326.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 112,
      "fewer_than_5": false,
      "raum": 58408392.0
    }
  ],
  "disclosure_line": "Reports 19 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149777",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}