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MORGAN STANLEY SMITH BARNEY LLC

DBA: MORGAN STANLEY

PURCHASE, NYCRD #149777SEC #801-70103As of 2026-05-31

AUM Over Time

Discretionary
Non-Discretionary

At a Glance

Total AUM$1.96T
Discretionary$1.43T73% of AUM
Non-Discretionary$527.37B
Client Accounts2,703,720
Avg Account Size$726K
Employees29,481
Peak AUM$1.96TMar 2026
AUM CAGR+13.9% /yrover 17 yrs · 382 filings

AUM by Client Type

Total AUM

$2.0T

Firm Change Matrix

MetricLatest1Y3Y CAGR5Y CAGRTrend
Firm Scale
Total AUM$2.0T+39.9%+17.7%+12.8%
Discretionary AUM$1.4T+42.1%+19.4%+14.3%
Non-Disc. AUM$527.4B+34.3%+13.7%+9.1%
Total Accounts2.7M+12.4%+6.4%+6.7%
Avg Account Size$725,625.181+24.5%+10.7%+5.7%
Employees29k+0.6%+1.7%+2.5%
AUM / Employee$67M+39.0%+15.8%+10.0%
Client AUM Segments
Wealth AUM$1.8T+40.6%+18.7%+13.9%
Institutional AUM$182.2B+39.9%+11.6%+10.2%
Fund / Pooled AUM$264M95.4%63.2%62.4%
Other AUM$58M+98.1%+25.2%+22.0%
Client Count Segments
HNW Clients2.6M+11.8%+6.1%+6.5%
Institutional55k+11.4%+8.9%+7.6%
Pooled / Fund4+33.3%+9.8%+14.9%
Individuals44k+56.7%+25.5%+16.7%

Key Metrics

Total AUM$1.96T
Discretionary$1.43T
Employees29481
Client Accounts2703720
Client RangeMore than 500

Contact & Location

Address

2000 WESTCHESTER AVENUE
PURCHASE NY 10577-2530

Phone

914-225-5510

Filing History

382 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 ▲ 1.1pp 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