MORGAN STANLEY SMITH BARNEY LLC
DBA: MORGAN STANLEY
AUM Over Time
Discretionary
Non-Discretionary
At a Glance
| Total AUM | $1.96T |
| Discretionary | $1.43T73% of AUM |
| Non-Discretionary | $527.37B |
| Client Accounts | 2,703,720 |
| Avg Account Size | $726K |
| Employees | 29,481 |
| Peak AUM | $1.96TMar 2026 |
| AUM CAGR | +13.8% /yrover 17 yrs · 385 filings |
AUM by Client Type
Total AUM
$2.0T
Firm Change Matrix
| Metric | Latest | 1Y | 3Y CAGR | 5Y CAGR | Trend |
|---|---|---|---|---|---|
Firm Scale | |||||
| Total AUM | $2.0T | +18.9% | +18.9% | +12.8% | |
| Discretionary AUM | $1.4T | +19.9% | +20.6% | +14.3% | |
| Non-Disc. AUM | $527.4B | +16.3% | +14.5% | +9.1% | |
| Total Accounts | 2.7M | +6.5% | +6.8% | +6.7% | |
| Avg Account Size | $725,625.181 | +11.7% | +11.3% | +5.7% | |
| Employees | 29k | +1.0% | +1.8% | +2.5% | |
| AUM / Employee | $67M | +17.8% | +16.8% | +10.0% | |
Client AUM Segments | |||||
| Wealth AUM | $1.8T | +18.7% | +19.9% | +13.9% | |
| Institutional AUM | $182.2B | +21.5% | +12.3% | +10.2% | |
| Fund / Pooled AUM | $264M | 54.0% | 65.3% | 62.4% | |
| Other AUM | $58M | +75.9% | +26.9% | +22.0% | |
Client Count Segments | |||||
| HNW Clients | 2.6M | +6.2% | +6.5% | +6.5% | |
| Institutional | 55k | +4.9% | +9.5% | +7.6% | |
| Pooled / Fund | 4 | +100.0% | +10.4% | +14.9% | |
| Individuals | 44k | +25.7% | +27.2% | +16.7% | |
Key Metrics
| Total AUM | $1.96T |
| Discretionary | $1.43T |
| Employees | 29481 |
| Client Accounts | 2703720 |
| Client Range | More than 500 |
Contact & Location
Address
2000 WESTCHESTER AVENUE
PURCHASE NY 10577-2530
Phone
914-225-5510
Filing History
385 ADV Part 1 submissions
Fee Structure
% of AUMFixed FeesCommissionsPerformance Fees
Advisory Services
Financial PlanningPortfolio Mgmt (Individuals)Portfolio Mgmt (Pooled)Pension ConsultingAdviser SelectionPublications
Growth
AUM Growth Rate (Annualized YoY %)
Firm Profile
Normalized 0–100 scores across six dimensions.
Discretionary vs Non-Discretionary
Discretionary
$1.4T
73.1% of AUM
Non-Discretionary
$527.4B
26.9% of AUM
Disc. mix ▲ 0.6pp vs 1 year ago
Discretionary
Non-Discretionary
Average Account Size
AUM per Employee
Headcount Over Time
Total Employees
Advisory Staff
Clients
Client Account Growth
Total Accounts
Discretionary
Non-Discretionary
Clients by Type (Latest)
Client Type Mix Over Time
High Net Worth
Individuals
Pension Plans
Corporations
Government
Insurance Cos.
Other
Risk & Structure
Regulatory Disclosures
⚠ Disclosures Reportedfirst noted Apr 2009
•Felony conviction
•Investment-related felony
•SRO proceeding/bar
•CFTC order
Custody
Bank CustodyBroker-Dealer CustodyAudited Financials
Other Registrations
Broker-Dealer
Related Entities (Item 7)
Broker-DealerInvestment AdviserFutures Commission MerchantBanking InstitutionPension ConsultantLaw Firm