Chad Turner and Morgan Stanley's Digital Wealth Management Strategy

Nov 24, 2025 0

Morgan Stanley (NYSE: MS) stands as a leading global financial services firm, offering a comprehensive suite of services including investment banking, securities, wealth management, and investment management. With a presence in 41 countries, the firm serves a diverse clientele, ranging from corporations and governments to institutions and individuals.

Chad Turner plays a pivotal role as the Head of Morgan Stanley Wealth Management’s Digital Direct Channel. He is at the forefront of integrating E*TRADE's digital capabilities with Morgan Stanley's wealth management expertise.

Integrating E*TRADE and Morgan Stanley

Morgan Stanley's integration of E*TRADE aims to combine the strengths of each platform. "Throughout the integration we have looked for opportunities to combine Morgan Stanley’s deep wealth management expertise with E*TRADE’s digital prowess,” said Chad Turner.

This integration focuses on enhancing the investment experience for digitally inclined and beginning investors by combining the most sought-after features of both Core Portfolios and Access Investing.

Core Portfolios: A Key Offering

Core Portfolios offers a diversified, managed portfolio that can be set up online quickly. Investors answer a short series of questions and receive a model portfolio recommendation, investing with a $500 minimum and a 0.30% annual fee.

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Clients can personalize portfolios with Smart Beta and Socially Responsible strategies. The model portfolios leverage the intellectual capital and market analysis of Morgan Stanley’s Global Investment Office.

Clients also have access to a team of financial professionals to discuss market impacts on their portfolios and assist with complex situations.

In September, a new “Balanced” 50% equity and 50% fixed-income and cash model portfolio was added to the Core Portfolios lineup.

E*TRADE's Recognition

In Kiplinger’s annual Best Online Brokers and Trading Platforms Review, E*TRADE earned an overall score of 87.3 out of 100. E*TRADE’s category rankings include: Overall (#1), Commissions and Fees (#7), Investment Choices (#3), Mobile App (#1), Tools (#1), Research (#1), User Experience (#5), and Advisory Services (#3).

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Details of Core Portfolios

For Core Portfolios clients, interaction with E*TRADE Capital Management is primarily through a web-based interface. Clients are not assigned individual Financial Consultants or portfolio managers.

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E*TRADE Capital Management, via its Investment Policy Committee, selects, removes, and adds portfolio holdings and determines the program’s rebalancing methodology.

The Annual Advisory Fee is 0.30%, charged directly to clients in the advisory program. E*TRADE Capital Management waives this fee for the first three full months after enrollment for eligible accounts funded by December 31, 2022.

The minimum investment is $500, with no brokerage trading commissions. Clients start paying the advisory fee after the initial three-month waiver period. The fee waiver does not apply to other fees and expenses, such as those of exchanged traded funds or money market funds.

Important Considerations

E*TRADE Capital Management and its affiliates do not provide tax or legal advice. Morgan Stanley Access Investing (“MSAI”) is a discretionary investment advisory account where clients can invest in model strategies managed by Morgan Stanley. Morgan Stanley Access Investing ® is a registered service mark of Morgan Stanley Smith Barney LLC.

Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice.

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Prior to investing, E*TRADE Capital Management obtains information about your financial situation and risk tolerances and provides a detailed investment proposal, investment advisory agreement, and wrap fee programs brochure. These documents should be read carefully before enrolling in a managed account program.

Core Portfolios does not advise on whether to open a managed account. It recommends portfolios based on answers to an Investor Profile Questionnaire, using an algorithm that weighs time horizon and risk most heavily. The recommendation is not a complete financial plan and does not consider outside assets, concentration of holdings, or multiple investment goals. Clients can customize their portfolio by selecting strategies like socially responsible investing or smart beta.

E*TRADE's Services

E*TRADE from Morgan Stanley provides financial services to retail customers. Securities products and services are offered by E*TRADE Securities LLC, Member SIPC. Investment advisory services are offered by E*TRADE Capital Management, LLC, a Registered Investment Adviser. Commodity futures and options are offered by E*TRADE Futures LLC, Member NFA. Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC. All are separate but affiliated subsidiaries of Morgan Stanley.

The information provided is for general informational purposes only and should not be considered investment advice. E*TRADE from Morgan Stanley, E*TRADE, and the E*TRADE logo are trademarks or registered trademarks of E*TRADE from Morgan Stanley.