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Andy Chase: Exposed with the Allegations of SEC (2023)

Who is Andy Chase (CRD#: 1023130)?

Andy Chase is a Managing Director, Private Wealth Management, and a Private Wealth Advisor. He began his wealth management practice with Smith Barney on Sand Hill Road when the area was just emerging as a leading technology and venture capital cluster. Andy and his team expanded Citigroup Smith Barney’s Private Wealth practice from 1981 to 2009, before joining Morgan Stanley Private Wealth Management.

Andy was the firm’s youngest Managing Director and President of SSB Ventures from 1999 to 2004, where he handled venture investing for Citigroup and Travellers. He also sat on the firm’s private equity committees, which were in charge of investing and distributing multibillion-dollar private equity portfolios across various asset classes.

This article will go further into Andy Chase’s past, uncovering hidden disclosures and SEC litigations, as well as analyzing the implications for law.

About Morgan Stanley Wealth Management:

Morgan Stanley Wealth Management, an American multinational financial services corporation, specializes in retail brokerage and asset management. As a division of Morgan Stanley, it serves a wide range of clients, from individual investors and small-to-mid-sized businesses to large corporations, non-profit organizations, and family foundations. With a strong history and a proven track record, Morgan Stanley Wealth Management has become a leading choice for those seeking expert financial advice and guidance.

Early Beginnings: Smith Barney & Co.

Morgan Stanley Wealth Management has its roots in the 1938 merger of Charles D. Barney & Co. and Edward B. Smith & Co., which formed Smith Barney & Co. Charles D. Barney & Co., founded by Charles D. Barney in 1873, was a New York and Philadelphia-based firm that emerged from the failure of its predecessor, Jay Cooke & Company. Edward B. Smith & Co., founded in 1892, became a significant player in securities underwriting in 1934 after absorbing the professionals from the securities business of Guaranty Trust Company, following the passage of the Glass-Steagall Act.

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Morgan Stanley Wealth Management offers a comprehensive suite of financial services to cater to the diverse needs of its clients. Some of these services include:

Investment Management

Morgan Stanley Wealth Management provides many investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more. Their financial advisors help clients develop tailored investment strategies to meet their specific financial goals and risk tolerance levels.

Financial Planning

Financial planning services offered by Morgan Stanley Wealth Management include retirement, education, and estate planning. Their financial advisors work with clients to understand their financial objectives and develop a comprehensive financial plan to help them achieve those goals.

What is a Financial Advisor?

A financial advisor is a specialist who offers professional financial advice to people looking to accomplish particular financial goals. You work with a financial advisor to develop a thorough financial plan that is specific to your situation, much like you would hire an architect to construct the blueprint for your home. Understanding your existing financial condition, including your income, costs, savings, and spending patterns, is a requirement for this collaboration.

Banking and Lending

Morgan Stanley Wealth Management offers banking and lending solutions, such as cash management accounts, mortgages, home equity loans, and lines of credit to help clients manage their day-to-day financial needs and achieve their long-term financial goals.

Insurance and Annuities

To help clients protect their financial future, Morgan Stanley Wealth Management offers insurance and annuity products, including life insurance, long-term care insurance, and annuities, designed to provide financial stability and peace of mind.

Philanthropy and Social Impact Investing

Morgan Stanley Wealth Management offers philanthropic advisory services and social impact investing options for clients who want to align their investments with their values and make a positive impact on society.

Andy Chase Disclosures: BrokerCheck, FINRA, And SEC

BrokerCheck report of Andy Chase includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosures events.

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As per the BrokeCheck report, customer dispute disclosures have been reported against Andy Chase.

In the first disclosure, the client alleges that she never placed a firm order for shares allocated to her in a public stock offering in May 2012.

In the second disclosure, the client alleged that she did not give specific orders to sell two stocks on April 21, 2006, and purchase five stocks on the same day. She made the same allegation about a purchase of stock on May 23, 2006, and a purchase of stock on May 25, 2006. The firm settled with the client and rescinded all that subject transactions resulting in a loss to the firm of $55,183. The financial advisor Andy Chase is contributing 100 percent of the loss to the firm.

Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.



SEC Litigations & Forms

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Source: ‘Andy Chase’ – SEC Site Search Search Results

Andy Chase Lawsuits

Most court cases filed in the United States of America are archived on CourtListener, UniCourt,, Justia,, and Law360. If Andy Chase has been involved in any such lawsuits, then you can find the documents using the links down below:

Andy Chase Complaints and Legal Battles

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Andy Chase using the websites down below:

You can contact the law firms mentioned above if facing issues with Andy Chase or any financial advisor.

Better Alternatives To Andy Chase:

These recommendations are based on the ratings of, the biggest financial advisor review platform on the internet.
Screenshot 7

Manages Assets Worth

  • $6,427,792,177


  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services
Screenshot 8

Manages Assets Worth

  • $4,465,757,285


  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
Screenshot 9

Manages Assets Worth

  • $302,000,000


  • Financial planning
  • Portfolio management

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