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Updated September 23, 2026. Quick answer: $5,000 for Morgan Stanley Access Investing Program. Morgan Stanley Access Investing’s own Form ADV Part 2A brochure states this figure directly, though the firm reserves some discretion to adjust it. At that minimum, Morgan Stanley Access Investing’s own published fee schedule works out to $15 a year.
The minimum, in the firm’s own words
“To participate in the Program, you must maintain a minimum investment amount of $5,000 for the life of the account, except as may otherwise be agreed to by us in our sole discretion.”
On waivability: “To participate in the Program, you must maintain a minimum investment amount of $5,000 for the life of the account, except as may otherwise be agreed to by us in our sole discretion.”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| Morgan Stanley Access Investing Program | $5,000 | $15 | Partially, at the firm’s discretion |
| Source: Form ADV Wrap Fee Program Brochure, Morgan Stanley Smith Barney LLC, Morgan Stanley Access Investing(R) Program, December 16, 2024 | |||
$5,000 at Access Investing’s disclosed 0.30% ceiling: $5,000 x 0.30% = $15.
Morgan Stanley Access Investing’s own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $750 |
| $500,000 | $1,500 |
| $1,000,000 | $3,000 |
| $2,000,000 | $6,000 |
What else to know
Morgan Stanley’s own brochure states this $5,000 figure is a minimum that must be maintained for the life of the account, not just an opening threshold, and notes the Access Investing program is presently closed to new investors.
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, Morgan Stanley Access Investing’s own published fee schedule runs up to $1,500 a year (the published maximum); see the full dollar breakdown from Morgan Stanley Access Investing’s own fee disclosure across several account sizes.
Already a client and thinking about the minimum a different way, like whether you could get a better deal elsewhere? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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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 23, 2026, quoting directly from Morgan Stanley Access Investing’s own current Form ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; any distinction 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, and it is not a substitute for reading the firm’s own Form ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Weighing whether to move ahead? Read the full Morgan Stanley Access Investing review, including its fiduciary status and what it costs to leave.