Expert Review

Lee Morris: Hidden Fees, Disclosures, Lawsuits (Update 2024)

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Who is Lee Morris (CRD#: 716848)?Everything you need to know about Lee Morris and their accolades

In Raleigh, North Carolina, Lee Morris, a founding member of Graystone Consulting, serves as the office’s managing director for wealth management. His primary area of focus is faith-based endowments and foundations, and he has more than three decades of experience working with institutional investors. The University of North Carolina is where Lee obtained his Business Administration Bachelor of Science.

With 29 years of financial advisory expertise, Raleigh, North Carolina-based Lee Morris is a financial counselor. Morris is a member of the Morgan Stanley staff.

Roles at Citigroup Global Markets Inc., Morgan Stanley Smith Barney, Morgan Stanley Private Bank, and National Association have all been part of their professional histories. Morris is authorized to work in North Carolina and Texas as a securities agent and investment adviser representative thanks to their possession of Series 63 and Series 65 licenses.

Areas of Concentration:

  • Customized asset allocation techniques
  • Foundation, endowment, and retirement plans
  • Faith-based investment
  • Investment Policy Statement Review

2010-2021 Barron’s Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron’s Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2010-2021). Data compiled by Barron’s based on 12 months concluding in Sept of the year before the issuance of the award.

2018-2021 Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2018-2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of the year before the issuance of the award.

In this article, we will go deep into Lee Morris’s past, discovering hidden disclosures and analyzing the consequences of the lawsuits.

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About FIRM:History, achievements, leadership, lawsuits, & disputes

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.

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 a wide range of 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 planning, education planning, estate planning, and more. Their financial advisors work with clients to understand their financial objectives and develop a comprehensive financial plan to help them achieve those goals.

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.

Graystone Consulting, a Business of Morgan Stanley

Barron’s 2021 list of America’s Top 100 Institutional Consulting Teams included Graystone Consulting Raleigh, Wichita, Dallas, and Kansas City in its top five, according to the Morgan Stanley subsidiary Graystone Consulting. Josh Uthe, Andy McKay, Lee Morris, and Patrick Hartley serve as the team captains for the local Graystone Consulting office.

The top 100 institutional consulting teams that offer investment portfolio advice to retirement plans, foundations, endowments, businesses, and other institutions are listed on the list, which was first published in 2015. The rating is based on a number of variables, including institutional assets, revenues, team size, and the total number of clients handled.

image 1185

Institutional clients served by Graystone Consulting, a division of Morgan Stanley Smith Barney LLC, include businesses, endowments and foundations, not-for-profits, healthcare providers, insurance companies, state and local governments, Taft-Hartley funds, and family offices. Institutional Consulting Directors, seasoned investment experts supported by a committed consulting team and the extensive resources of Morgan Stanley, provide customized investment advice.

Visit https://graystone.morganstanley.com/graystone-consulting-raleigh-wichita-dallas for more details, or send Mary Ann Akin an email at [email protected] to reach the team.

21/11/2023 Update
As of now, Lee Morris has not responded nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by their victims. Furthermore, he has only focused on propagating his fake PR.
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Lee Morris Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Lee Morris

The brokerCheck report of Lee Morris includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.

In this case, the broker has been reported along with the notification regarding two customer disputes.

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding, or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.

image 1182

Here, the overconcentration began to make its initial allegations about the broker in January 2007.

The second accusation is that the recommendation to invest in a managed account on February 16th, 2000 was inappropriate.

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.

FINRA’s BrokerCheck

individual_716848.pdf (finra.org)

SEC Litigations & Form

image 1180

Source: Lee Morris – SEC Site Search Search Results

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Lee Morris Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Lee Morris

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

There might be more pending lawsuits against Lee Morris which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Lee Morris on these websites, you can contact the local authorities and check if they have a physical copy of any cases.

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Lee Morris Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Lee Morris (if available)

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

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

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Better Alternatives To Lee Morris (By Experts):Find the top 3 alternatives to Lee Morris

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
You can check out the top 10 financial advisors in the U.S. to learn more.
Screenshot 2023 05 23 at 11.26.30 PM

Manages Assets Worth

  • $714,587,898,072

Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals
1625686851535

Manages Assets Worth

  • $173,418,270,044

Services

  • Financial planning
  • Portfolio management
  • Portfolio assessment
Screenshot 2023 05 23 at 11.45.48 PM

Manages Assets Worth

  • $46,803,858,104

Services

  • Portfolio management

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