Five Star award winner Marcus Waterbury CIMA®, CPWA®, RMA®

PROFESSIONAL PROFILE

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Marcus Waterbury CIMA^®, CPWA^®, RMA^®

Senior Vice President, Wealth Advisor

Morgan Stanley

225 S 6th St Suite 5300

Minneapolis, MN 55402

Office: 612-340-6755

Marcus.Waterbury@MorganStanley.com
https://advisor.morganstanley.com/marcus.waterbury

Professional Approach

Marcus Waterbury, Ryan Muldowney and Roy Smalley are a new team of advisors dedicated to guiding Minnesota families to financial confidence. Marcus Waterbury was joined by Ryan Muldowney and Roy Smalley in 2025. This group combines experience with a friendly, client-first approach.

Marcus Waterbury, Senior Vice President, Financial Advisor, is a seasoned advisor with 30 years of industry experience, known for creating highly personalized wealth plans that cover investing, retirement estate and tax strategies. Whether a client is approaching retirement, managing generational wealth, or stepping into business ownership, Marcus aims to help clients feel confident, empowered, and equipped.

Ryan Muldowney, First Vice President, Financial Advisor, brings a thorough understanding of financial planning for high-net-worth families. He understands the importance of aligning strategy with the personal stories behind the numbers. Ryan works closely with clients to build robust plans, manage risk through market fluctuations and design legacy solutions that reflect each family’s values.

A former Major League Baseball player and long-time Minnesota Twins analyst, Roy Smalley, Senior Vice President, Financial Advisor, brings a unique vantage point into markets and strategy. A true student of the capital markets, Roy focuses on constructing diversified, risk-aware portfolios grounded in deep equity research and fixed income discipline. He excels at helping clients stay on course, even when markets don’t.

With 20 years of experience supporting advisory teams, Laurie Klaphake, Portfolio Associate, brings warmth, organization, and attention to detail to every client relationship. She’s the friendly, knowledgeable point of contact who makes sure service requests are handled with care.

Sean Carolan, Portfolio Associate, plays a vital behind-the-scenes role, ensuring the team’s planning and client experience run seamlessly. Known for his responsiveness and precision, Sean manages day-to-day operations and helps every client interaction is smooth, timely, and professional.

Together, this Minnesota team offers boutique experience backed by the strength of a global platform. They begin each client relationship by listening – understanding what matters to you. They craft a plan built around your goals, your lifestyle, and your values with the agility to evolve over time.

See Accomplishments

This award was issued on 11/01/2025 by Five Star Professional (FSP) for the time period 03/13/2025 through 10/01/2025. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 5789 Twin Cities-area wealth managers were considered for the award; 517 (9 % of candidates) were named 2026 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2025: 4,789, 624, 13%, 11/1/24, 3/13/24 - 10/29/24; 2024: 4,280, 637, 15%, 12/1/23, 3/13/23 - 9/29/23; 2023: 4,080, 633, 16%, 12/1/22, 3/14/22 - 10/18/22; 2022: 4544, 622, 14%, 12/1/21, 3/29/21 - 10/8/21; 2021: 4004, 630, 16%, 12/1/20, 3/30/20 - 10/23/20; 2020: 3606, 589, 16%, 12/1/19, 3/1/19 - 10/25/19; 2019: 3504, 671, 19%, 12/1/18, 3/23/18 - 10/23/18; 2018: 2622, 591, 23%, 12/1/17, 2/23/17 - 10/13/17; 2017: 2304, 836, 36%, 11/1/16, 2/25/16 - 10/14/16; 2016: 2083, 854, 41%, 11/1/15, 4/17/15 - 10/14/15; 2015: 2673, 825, 31%, 12/1/14, 4/17/14 - 10/14/14; 2014: 1931, 844, 44%, 12/1/13, 4/17/13 - 10/14/13; 2013: 2151, 863, 40%, 12/1/12, 4/17/12 - 10/14/12; 2012: 1256, 624, 50%, 11/1/11, 4/17/11 - 10/14/11.

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Morgan Stanley Smith Barney LLC offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.

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. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters

Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria - required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria - considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager's future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.