With over 40 years experience in fixed income management, very few financial professionals are as knowledgeable about the bond market as Bob Heaney, who has been helping clients grow and preserve their assets through a variety of market cycles.
A dedicated portfolio manager, Bob’s primary role on the team is that of senior fixed income strategist, focusing on California municipal securities, corporates, Treasuries, and asset-backed securities.
Bob’s fascination with bonds began four decades ago during a downturn in the equities market when he moved his clients into fixed income, which at the time was an asset class primarily reserved for institutional investors.
In 1974, Bob actually moved to the institutional fixed income sales side at Bank of America before joining Stone & Youngberg where he worked with bank trust departments, money managers and high net worth clients, managing their fixed income portfolios.
A graduate of St. Cloud University in Minneapolis, Bob’s investment philosophy is that bonds offer some of the best protection strategies for their return potential and that municipal bonds provide the added tax incentive that could help increase that return even more.
When not working, Bob enjoys playing golf, working around the house and traveling with his wife, Kathy.
Angel V. Chavez, CIMA
Second Vice President
As a holder of the prestigious Certified Investment Management Analyst (CIMA) designation from the Haas School of Business at the University of California at Berkeley, Angel Chavez is the team’s senior equity portfolio manager and financial planning specialist.
After graduating from San Francisco State University with Bachelor of Science degree in International Business and Finance, Angel went on to receive his MBA with a concentration in Finance from Golden Gate University.
Prior to joining Morgan Stanley*, Angel gained broad experience first as the Chief Operating Officer of a tech firm in Silicon Valley and later as a portfolio manager with cross-training in tax, trust and estate planning with Bank of America’s Private Bank, followed by a small boutique investment management firm, Trainer Wortham, and then at Merrill Lynch.
Growing up in San Francisco, Angel lived with his grandmother, who instilled in him the value of saving and higher education and helped him land his first job at Candlestick Park when he was 14. Over the years, Angel acquired the financial knowledge and experience necessary to create customized financial solutions designed to help you achieve your financial goals so you can have a fuller and more meaningful life.
Among his specialties are helping executives deal with restricted stock options, using trusts to protect assets, tax minimization strategies, deferred compensation plans and creating investment strategies that reduce volatility.
A firm believer in community service, Angel is an active Board member of Juma Ventures and is a former Trustee of the Latino Community Foundation, as well as past Board member of the Greater San Jose Hispanic Chamber of Commerce. He’s also an advisor to the Susan B. Komen Foundation for Breast Cancer and was selected to serve on the committee for the United States-Mexico Foundation for the Advancement of Science.
When not working, Angel enjoys playing basketball and coaching his children’s soccer and basketball teams, along with swimming, camping and bike riding. He and his wife Isabel live in the East Bay with their son and daughter.
Morgan Stanley* LLC, its affiliates and Morgan Stanley* Financial Advisors or Private Wealth Advisors do not provide tax or legal advice.
The investments listed may not be suitable for all investors. Morgan Stanley* LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
Interest in municipal bonds is generally exempt from federal income tax. However, some bonds may be subject to the alternative minimum tax (AMT). Typically, state tax-exemption applies if securities are issued within one’s state of residence and, local tax-exemption typically applies if securities are issued within one’s city of residence.
Bonds are affected by a number of risks, including fluctuations in interest rates, credit risk and prepayment risk.