Philip Day
Edinburgh Woollen Mill Group
Bryson DeChambeau

Mary Deatherage

Founder & Managing Director

The Deatherage Group

Little Falls, NJ, USA

Mary Deatherage

Biography

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 her the opportunity to appear 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 included her in its survey of the 2020 “Top 100 Financial Advisors”. She was also ranked #10 in its 2020 list of the “Top Women Financial Advisors in America” and #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.

Mary Deatherage’s Newsfeed

Barron's
Here Are Barron’s Top 100 Women Advisors of 2020

Mary, ranked #10 on the list, shared her near-term outlook with Barron's. “There’s a disconnect between stocks and the economic outlook,” says Mary Deatherage, Founder & Managing Director of The Deatherage Group at Morgan Stanley. “It almost feels like the market is working on a best-case scenario, and I’m not sure how often ‘best’ happens.”

Rich investors also face risk

Wealth managers need to manage these risks to ensure their clients’ net worth lasts for generations. Mary Deatherage, managing director at Morgan Stanley Wealth Management, said a common worry her wealthy clients share with her is: Will I outlive my money? “You wouldn’t think that would be an issue, but it is,” Ms. Deatherage said.

Mary Deatherage’s Background

Founder & Managing Director
Little Falls, NJ, USA
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.

Current Non-Executive Positions

Mentor
New York, NY, USA
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.

Previous Non-Executive Positions

President
Austin, TX, USA
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.
Board of Directors
1998 - 2016
Montclair, NJ, USA
Mountainside Hospital, now known as Hackensack Meridian Health Mountainside Medical Center, is a patient-focused, community-oriented healthcare system.
View allHide

Philanthropy

Board Member and Head of the Finance Committee
2000 - 2016
Newark, NJ, USA
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.
Finance Chair
1998 - 2016
Montclair, NJ, USA
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.
View allHide

Media

Interview
Jul 2020
New York, NY, USA
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.

Accreditation

FINRA Registration
New York, NY, USA
More information available at FINRA’s BrokerCheck website.

Awards

Honoree
2014
New York, NY, USA
"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.
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.
View allHide

Mary Deatherage’s Education

CPA, Accounting
1979 - 1980
BA, Education
1971 - 1973