Christopher T.R. Letts, a financial advisor at Morgan Stanley’s wealth management office in Bloomfield Hills, has been promoted to senior vice president.
In 2020, Letts was named first vice president. The Pine Harbor Group, a wealth management team he co-founded in 2014, is among the fastest growing teams within Morgan Stanley and recently surpassed $1 billion in assets under management.
“With Chris’ leadership, The Pine Harbor Group has established itself as an industry leader in serving the complex financial needs of entrepreneurs, corporate executives, and families of intergenerational wealth,” says Mark Feiler, branch manager of Morgan Stanley’s Bloomfield Hills office. “For a millennial-led group to manage a billion dollars in client assets is a remarkable milestone which very few of our most tenured advisors achieve.”
Letts developed a specialty in advising families who have experience substantial liquidity events due to the sale or recapitalization of a closely held business and has been with Morgan Stanley Wealth Management since 2006.
He is a graduate of Brother Rice High School and the Eli Broad College of Business at Michigan State University, where he serves on its finance advisory board. Letts was named in DBusiness’ 2019 class of 30 in Their Thirties.
Morgan Stanley is a global financial services firm providing investment banking, securities, wealth management, and investment management services. It has offices in more than 41 countries, and its clients include corporations, governments, institutions, and individuals.