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Updated September 18, 2026. Quick answer: Morgan Stanley Access Investing discloses a maximum, individually negotiated rate of 0.3% in its Form ADV Wrap Fee Program Brochure, Morgan Stanley Smith Barney LLC, Morgan Stanley Access Investing(R) Program (December 16, 2024). Converted to dollars, that runs $1,500 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Form ADV Wrap Fee Program Brochure, Morgan Stanley Smith Barney LLC, Morgan Stanley Access Investing(R) Program (December 16, 2024): “Advisory Fee – To participate in the Program, you will pay an annualized fee of up to 0.30% of assets under management (“Advisory Fee”)… a Financial Advisor may agree to charge a fee that is less than the maximum Advisory Fee of 0.30% of assets under management.”
The published maximum: 0.3% per year.
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $750 | 0.30% |
| $500,000 | $1,500 | 0.30% |
| $1,000,000 | $3,000 | 0.30% |
| $2,000,000 | $6,000 | 0.30% |
Ceiling type (explicit ‘up to’ / ‘maximum Advisory Fee of 0.30%’ language, distinct from Core Portfolios’ flat, non-‘up-to’ 0.30% above): dollar_at = balance x 0.003 (the maximum) at each balance: 250000->750, 500000->1500, 1000000->3000, 2000000->6000. Minimum investment is $5,000 (not a minimum dollar fee). Access Investing is a distinct, separately-branded Morgan Stanley Smith Barney LLC program from Core Portfolios/E*TRADE, confirmed by its own dedicated brochure with its own cover page and Item 2 material-changes history dated relative to an August 1, 2024 prior version.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, Morgan Stanley Access Investing’s own published maximum rate runs up to $1,500 a year.
Comparing Morgan Stanley Access Investing against a full move? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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Just comparing fees? Keep reading the fee guide.Optional next step
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- Form ADV Wrap Fee Program Brochure, Morgan Stanley Smith Barney LLC, Morgan Stanley Access Investing(R) Program (December 16, 2024): https://www.morganstanley.com/content/dam/msdotcom/en/wealth-investmentsolutions/pdfs/adv/msai_wrap_adv.pdf
- SEC Investment Adviser Public Disclosure, Morgan Stanley Smith Barney LLC (CRD #149777): https://adviserinfo.sec.gov/firm/summary/149777
- Morgan Stanley Smith Barney LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/149777/PDF/149777.pdf
Methodology. This page was built September 18, 2026, drawing on Morgan Stanley Access Investing’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Is Morgan Stanley Access Investing a fiduciary? See what its own Form CRS says, and how that compares to what you would pay.
What does it take to open an account? See Morgan Stanley Access Investing’s minimum investment, straight from its own Form ADV Part 2A brochure.
Weighing whether to move ahead? Read the full Morgan Stanley Access Investing review, including its fiduciary status and what it costs to leave.