Mary Deatherage is Founder & Managing Director of The Deatherage Group, a Morgan Stanley Private Wealth Management financial advisory team. The Deatherage Group has offices in Little Falls, NJ and NYC and manages approximately $3 billion in assets (as of June 30, 2020) for clients including large foundations, pension plans and high-net-worth individuals around the world.
Mary's financial career began at Coopers & Lybrand in New York City and Detroit. As a CPA and audit manager, she specialized in acquisition and divestiture reviews for clients such as CBS, Sanofi and Fortune Brands. In 1986, she joined Morgan Stanley as a financial advisor.
Her wealth of experience has proven invaluable in leading her team in providing first-rate financial planning, asset allocation, estate planning and tax strategies services. She also serves as a mentor on the firm’s Multi-Cultural Client Committee, a group that fosters a community of early stage technology and technology-enabled startups led by women and multicultural entrepreneurs. Previously, Mary was Co-chair of the Morgan Stanley President’s Cabinet.
Mary's expertise has given has led to appearances on CNBC, Fox Business and NPR and has led to many accolades, including being named as a “MAKER: Women Who Make America” in 2014. Barron’s named her a “Hall of Fame Advisor" and has been included in its “Top 100 Financial Advisors” lists. She has been recognized as one of Barron's “Top Women Financial Advisors in America” for 16 straight years and was #2 on its 2020 "Top Advisors in New Jersey" list. She was #9 on Forbes' 2020 “America’s Top Women Advisors” list and #6 on its “America’s Best-in-State Wealth Advisors: New Jersey” list.
She was on the Board of Mountainside Hospital and Finance Chair of Partners for Health. She also served on the Board and as Head of the Finance Committee of Integrity House.
Mary has a BA in Education from Mount St. Mary College and an accounting degree from the University of Arizona.
The Deatherage Group is an exclusive boutique team leveraging Morgan Stanley's global financial resources and delivering comprehensive solutions to individuals and families of significant means.
Managing Director, Private Wealth Advisor, Investing with Impact Director
Jan 1986 - Present
Little Falls, NJ, USA
To help clients achieve their financial goals, Private Wealth Management combines the vast resources of a global financial leader with the tailored services of an exclusive wealth management boutique.
As a mentor for the Morgan Stanley Multi-Cultural Client Committee, Mary works with innovative female and multicultural entrepreneurs as they develop, promote, and lead a range of startup and technology-driven businesses.
The Association of Professional Investment Consultants is a communications network for the investment consulting profession and an information source for the general public. APIC offers educational resources, research, and conducts conferences and seminars.
Mountainside Hospital, now known as Hackensack Meridian Health Mountainside Medical Center, is a patient-focused, community-oriented healthcare system.
Morgan Stanley Women’s Initiative
Steering Committee Member
New York, NY, USA
The Steering Committee of the Morgan Stanley Women’s Initiative works to develop programs, events, and resources to benefit the success and advancement of women at the firm.
Since 1968, Integrity House, one of the largest nonprofit providers of substance abuse treatment, has helped countless individuals rebuild their lives and as they recover the disease of addiction.
Partners for Health Foundation, previously known as the Mountainside Foundation, is a grant-giving charitable organization focusing on the needs of vulnerable populations and community health needs.
Catholic Urban Schools Project
Board Member
Newark, NJ, USA
The Catholic Urban Schools Project provides guidance and support to New Jersey's urban Catholic School System.
Mary Deatherage, who has been ranked among Barron’s 100 Women Financial Advisors in America for 15 years straight, is featured in the first part of a two-part series. Barron’s asks women who have moved up in the rankings for insight on how they’ve built their business, the impact of the pandemic and what advice they’d give to young advisors looking to one day make it into the Barron's rankings.
Morgan Stanley private wealth adviser Mary Deatherage joins Barron's Roundtable to discuss what retirement savings options will help generate income in a low-yield environment.
Morgan Stanley private wealth adviser Mary Deatherage joins Barron's Roundtable to discuss what retirement savings options will help generate income in a low-yield environment.
In this interview with Barron’s Advisor, Mary Deatherage talks about reducing risk in client portfolios, welcoming the next generation of clients, and accommodating the growing interest in impact investing.
"A DAPT is an irrevocable trust, set up under the law of a state, which specifically provides for the creation of a trust with asset-protection qualities," Mary Deatherage explains in an article for Worth. She goes on to explain the history of DAPTs as well as the laws that govern protections over wealth management.
In this article for Worth, Mary interviewed Glenn Kurlander from Morgan Stanley. They discuss how parents can speak to their children about money and how to avoid common mistakes that parents make during thesis conversations.
Mary Deatherage, in an article for Worth, draws upon her personal experience in wealth management to examine the importance of tracking assets in order to create an updated and consolidated wealth strategy. She states: "In order to effectively control and
manage your wealth, you need to look periodically at all of your assets."
Mary Deatherage explains The Morgan Stanley Private Wealth Management/Campden Research Next-Generation Wealth Study 2012 and outlines the important parts from the study.
In this article for Worth, Mary Deatherage outlines what a client may be able to expect when first meeting a wealth management team. She discusses four steps that the team will take in order to build a strong relationship with the client and why the team will take these steps.
"Organizations of all sorts, from schools to businesses to charities, are finding impactful ways to remain connected to the constituencies that are most important to them," Mary Deatherage explains for Worth. She lists the ways in which a person can protect their identity and cautions parents to teach their children proper online interactions, as well.
Mary explains the ways in which attitudes in a family differ by generation in respect to wealth and legacy. She is joined by Dr. Zubin J. Mistry to answer important questions about the reasoning of these differing perspectives and how to address wealth transition within the family.
"If you are among the many families that want to make a difference but are confused about how to evaluate the proper recipients or how to find the right charitable vehicle, we suggest
seeing a philanthropic consultant who can provide invaluable advice and guidance on getting the most from your charitable dollar," Mary states in an article for Worth.
Mary Deatherage addresses "the stereotype of the vulnerable, uninformed, easily impressed and influenced woman investor," in this article for Worth by explaining that female investors desire respect. She lays out a number of statistics and encourages financial advisors to explain and be open to women investors.
In the face of a constantly-changing, technology-driven industry, Mary Deatherage offers a case study for baby boomers who want to stay on top of the evolving market to protect their lifestyle going into retirement. She highlights important life questions and encourages meeting with a financial advisor.
America’s Top Women Advisors (2017-2020). #9 in 2020
New York, NY, USA
The 2020 Top Women Wealth Advisors list spotlights top advisors across the country who were nominated by their firms—and then researched, interviewed and assigned a ranking within their respective states.
Forbes
America’s Top Wealth Advisors (2017-2019)
New York, NY, USA
Forbes/SHOOK Research listings are based on data compiled by many of the nation’s most productive advisors, selected by their firms. Key factors and criteria include: assets under management, revenue produced over a three-year period, regulatory and compliance record, and credentials/years of professional experience.
Forbes
America’s Best-in-State Wealth Advisors, New Jersey (2018-2020). #6 in 2020.
New York, NY, USA
The Best-In-State Wealth Advisors list spotlights more than 4,000 top advisors across the country who were nominated by their firms — and then researched, interviewed, and assigned a ranking within their respective states and markets.
Barron's Hall of Fame
Hall of Fame Advisor
2019
New York, NY, USA
Barron's Hall of Fame advisors have been ranked for 10 or more years on one of the following lists: Barron's Top 100 Financial Advisors, Barron's Top Women Financial Advisors or Barron's Top 100 Independent Advisors.
100 Women Financial Advisors in America (2006-2021)
New York, NY, USA
Barron's Women Financial Advisors in America showcases the success and ingenuity of the top female financial advisors in America. The women on the list have an average of over 29 years' worth of financial planning. Mary Deatherage has been recognized for 16 straight years.
The 17th edition of the Barron's Top 100 is based on quantitative and qualitative measures, including advisors’ assets and revenue, their regulatory records, and more.
Top Advisors in New Jersey (2017-2020). #2 in 2020.
Little Falls, NJ, USA
The Top Advisor Rankings by State are based on data provided by around 4,000 of the nation's most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work.
The Financial Times 400 is intended to provide a snapshot of the best financial advisers for the investors that use them. We assess advisers based upon what investors care about and we use a quantifiable, objective methodology.
"MAKERS: Women Who Make America" is a documentary series on PBS and an ongoing initiative aiming to be the largest collection of women’s stories ever assembled.
