Morgan Stanley
Registered investment adviser · Purchase, NY · CRD #149777
Form ADV data as of 2026-09-01Regulatory assets
$1.96 trillion
Total accounts
2,703,720
Employees
29,481
Disclosure events
227
Firm details
- Website: http://www.morganstanley.com
- Telephone: 914-225-5510
- SEC file number: 801-70103
- Most recent Form ADV filing: 2026-08-07
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 20 disclosure questions answered Yes, covering 227 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- Convicted of or pled guilty/no contest to a felony (past 10 years)
- Charged with a felony (past 10 years)
- Convicted of or pled guilty/no contest to an investment-related misdemeanor (past 10 years)
- Charged with an investment-related misdemeanor (past 10 years)
- SEC or CFTC found a false statement or omission
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
- Another regulator denied, suspended, or revoked a registration or restricted activity
- A self-regulatory organization found a false statement or omission
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
- An authorization to act as an attorney, accountant, or federal contractor was revoked or suspended
- Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
- A court enjoined the firm in connection with investment-related activity (past 10 years)
- A court found involvement in a violation of investment-related statutes or regulations
- A court dismissed an investment-related civil action under a settlement agreement
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $1.43 trillion |
| Non-discretionary regulatory assets under management | $527.37 billion |
| Total regulatory assets under management | $1.96 trillion |
| Discretionary accounts | 2,159,438 |
| Non-discretionary accounts | 544,282 |
| Total accounts | 2,703,720 |
| Regulatory assets under management attributable to non-U.S. persons | $75.00 billion |
People
| Total employees (excluding clerical) | 29,481 |
| Employees performing investment advisory functions (including research) | 13,000 |
| Employees who are registered representatives of a broker-dealer | 26,985 |
| Employees registered as investment adviser representatives with a state | 23,077 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 13,305 |
| Firms or persons who solicit advisory clients on the firm's behalf | 406 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $2.01 trillion |
| Clients for whom the firm has custody | 2,866,692 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $32.26 billion |
| Clients for whom a related person has custody | 2,771,337 |
| The firm acts as a qualified custodian | Yes |
| A related person acts as a qualified custodian | Yes |
| Number of persons acting as qualified custodians for the firm's clients | 141 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Executes agency cross transactions involving advisory client securities
- Recommends securities for which it serves as underwriter or general partner
- Recommends securities in which it has another sales interest
- Brokers or dealers selected under 8.C.(3) are related persons
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
- Receives soft dollar benefits
- Compensates a non-employee for client referrals
- Provides employee compensation specifically for obtaining clients
- Receives compensation from others for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 2,600,707 | $1.25 trillion |
| High net worth individuals | 43,631 | $527.59 billion |
| Banking or thrift institutions | 4,257 | $6.39 billion |
| Investment companies | 4 | $263.7 million |
| Pension and profit sharing plans (not the participants or government plans) | 10,466 | $74.86 billion |
| Charitable organizations | 39,751 | $79.48 billion |
| State or municipal government entities (including government pension plans) | 1,423 | $8.11 billion |
| Insurance companies | 1,387 | $5.88 billion |
| Corporations or other businesses not listed above | 1,982 | $13.87 billion |
| Other | 112 | $58.4 million |