Andy Saperstein serves as the Managing Director and Head of Morgan Stanley Wealth Management, an American multinational financial services corporation specializing in retail brokerage.
He runs a key business at Wall Street’s best-performing bank. Could Andy Saperstein be Morgan Stanley’s next CEO? https://t.co/hl0I4cADkG
— Bloomberg Asia (@BloombergAsia) April 16, 2023
In his new role, he is responsible for overseeing the firm’s widespread wealth management business from the financial advisors working with wealthy clients to the recently acquired online brokerage E-Trade which offers commission-free market access.
Saperstein served as the co-chief operating officer of the institutional securities group and co-head of wealth management before landing his new position.
In 2006, he joined the company as a chief operating officer of national sales. Moreover, he was named the head of U.S. wealth management after Smith Barney bought the company in 2009.
Prior to that, he worked as a chief operating officer of the direct division at Merrill Lynch, an investment management and wealth management division of Bank of America. Moreover, he was a partner in the Financial Institutions Group of McKinsey & Company, a global management consulting firm.
Andy Saperstein speaks at the Investment News’ Future of Financial Advice Summit in 2019. (Source: Twitter)
Apart from his new role, Saperstein serves as a Trustee of the Morgan Stanley Foundation, the firm’s charitable arm. He is an Advisory Council Member for Teen Cancer America.
Learn about Morgan Stanley Wealth Management’s head Andy Saperstein’s age wiki, wife, married life, children, family, salary, net worth, and facts here.
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Andy Saperstein Age, Wiki & Education
Saperstein is 56 years old now. He was born Andrew Michael Saperstein in the year 1967 and his birthday falls on the month of January.
As per wiki, he was raised by his parents Alan Saperstein and Judith Saperstein. He grew up in an Ashkenazi Jews family in Staten Island, New York. His father worked as a psychiatrist there.
Andy attended Port Richmond High School in New York City and graduated as Salutatorian in the year 1985. There, he participated in extracurricular activities including the Japanese-American Student Exchange Program, and received the New York City Board of Education Chancellor’s Roll of Honor
Likewise, he also served as Editor of Port Richmond’s Student Newspaper (The Crow’s Nest) and was the captain of the tennis team. After high school, he went to the University of Pennsylvania and graduated Summa Cum Laude with dual degrees in Finance from the Wharton School and Economics from the College of Arts and Sciences.
Andy then worked as an investment banking analyst for Salomon Brothers for some time and earned a JD from Harvard Law School where he graduated Cum Laude.
Andy Saperstein’s Wife: Is He A Married Man?
Saperstein seems to be a married man. However, he has not disclosed the details about his wife and married life.
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Despite his high-profile professional life, his personal life is still under wraps. He does not have a presence on social media platforms.
Andy has not revealed any details about his children and family. He is now busy with his professional life so far.
Andy Saperstein Salary & Net Worth
Saperstein earned a salary of $20.5 million from Morgan Stanley Wealth Management in 2022. (www.coloradoriveradventures.com) It was 2.4 percent less than the salary of $21 million which he earned in 2021.
As per the sources, his earnings include his base salary of $1 million, a cash bonus of more than $7.6 million, deferred stock awards worth about $5 million, and long-term incentive compensation of more than $6.8 million.
The #competition
Morgan Stanley’s Andy Saperstein: Chasing $2 Trillion https://t.co/KKl0PHplap via @BarronsOnline
— Jeffrey Spears (@JefferySpears10) December 15, 2018
Andy now has a net worth of about $37.9 million as per Wallmine. Undoubtedly he enjoys a lavish lifestyle with a remarkable amount of fortune.
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