• Wealth Management

A Difficult Transition Made Easier

Morgan Stanley Private Wealth Advisors often help clients during a time of important transition in their lives—and in some cases multiple transitions at once.

Many clients first engage a Morgan Stanley Private Wealth Advisor during life transitions such as the sale of a business, a change in their family circumstances, retirement or, in this case, all of the above.

Over the span of two decades, an enterprising couple built a family business into a thriving manufacturing enterprise. Unfortunately, they had also developed marital problems and decided to amicably part ways—which meant juggling not only divorce proceedings but also the sale of a $100 million dollar business.

Not wanting to use the same Financial Advisor as her ex-husband, the wife needed a Private Wealth Advisor who could help her with the pre-liquidity planning as well as with the management of her newfound wealth.  She also needed an advisor to work with her two adult children. Each had received a multimillion-dollar, unfettered trust, and both of them were spending money at an unsustainable level. The investment bankers handling the sale of the business introduced her to a Morgan Stanley Private Wealth Management team.

To meet the multifaceted needs of their new 
client, the Private Wealth Management team worked closely with her CPA, her divorce attorney and the family’s estate attorney. Together, they put together comprehensive wealth management plans encompassing tax, philanthropy, multigenerational wealth transfer and other issues. The team created projections so that each member of the family understood how much they could sustainably
 spend, and each was aware of the possible consequences of exceeding those levels.

The matriarch of this family is an intelligent businesswoman who needed a well-coordinated advisory team to handle her personal finances and those of her children. She has made a smooth and successful transition into retirement, and spends a significant amount of her time focused on her philanthropic work. Her team continues to work closely together, gathering for regular meetings to help keep her plans—and those of her children—on track.