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Updated September 17, 2026. Quick answer: Morgan Stanley discloses a maximum, individually negotiated rate of 2.035% in its Morgan Stanley Consulting Group Advisor (CGA) Program Wrap Fee Brochure, Form ADV Part 2A Appendix 1 (March 30, 2026). Converted to dollars, that runs $10,175 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
Morgan Stanley fee schedule 2026 (published maximum)
This schedule comes from the Morgan Stanley Consulting Group Advisor (CGA) Program Wrap Fee Brochure, Form ADV Part 2A Appendix 1, dated March 30, 2026, the same filing cited under Sources below.
From the Morgan Stanley Consulting Group Advisor (CGA) Program Wrap Fee Brochure, Form ADV Part 2A Appendix 1 (March 30, 2026): “The maximum annual MSWM Fee for CGA accounts is 2.00% of the market value of the eligible assets in the account. … The Platform Fee is a 0.035% annual asset-based fee. The Platform Fee is in addition to the MSWM Fee, is non-negotiable and is generally applicable to all CGA accounts.”
The published ceiling: 2.035% per year, maximum (2.00% maximum MSWM Fee plus a non-negotiable 0.035% Platform Fee).
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $5,088 | 2.04% |
| $500,000 | $10,175 | 2.04% |
| $1,000,000 | $20,350 | 2.04% |
| $2,000,000 | $40,700 | 2.04% |
Morgan Stanley discloses only a maximum negotiated rate for its flagship Consulting Group Advisor program, not a public breakpoint table; the figures above are the disclosed ceiling (2.035% combined) applied flat. Fees are stated as negotiable and often lower.
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’s own published rate runs $10,175 a year. Run it at your own balance, and against the other 38 firms we have priced, in the firm fee calculator.
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Source: WiserAdvisor’s service descriptionSources
- Morgan Stanley Consulting Group Advisor (CGA) Program Wrap Fee Brochure, Form ADV Part 2A Appendix 1 (March 30, 2026): https://www.morganstanley.com/wealth-investmentsolutions/wrapfeebrochures
- 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 17, 2026, drawing on Morgan Stanley’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.
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How does this compare? See the annual fee on $500,000 at 165 advisory firms, each from the firm’s own filing.
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