Patrick Gaffney

Background

About Patrick Gaffney

Patrick is a partner with Chesapeake Group at Morgan Stanley, a team that provides wealth management services for executives and HNW families nationwide. These private client services include asset and risk management, retirement planning, execution of diversification strategies for concentrated stock positions, and implementation of intergenerational wealth transfer strategies. Chesapeake Group also manages equity compensation plans for publicly traded companies throughout the Mid-Atlantic. Chesapeake Group's stock plan services include the execution of 10B5-1 trading programs, as well as management of stock option, ESPP, and restricted stock plans. Specifically, as Chesapeake Group's Certified Financial Planner™ Certified Private Wealth Advisor®, Patrick helps clients accumulate, preserve, and transfer wealth with a focus on tax management strategies. Areas of focus: Financial Planning, Equity Compensation, Investments, Retirement Planning, Philanthropy and Generational Wealth Transfer Morgan Stanley Smith Barney LLC offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at or consult with your Financial Advisor to understand these differences. Clients executing a 10b5-1 Plan should keep the following important considerations in mind:(1) 10b5-1 Plans should be approved by the compliance officer or general counsel of the company;(2) A 10b5-1 Plan may require a cessation of trading activities at times when lockups may be necessary to the company (i.e. secondary offerings, pooling transactions, etc.);(3) A 10b5-1 Plan does not generally alter the regulatory requirements (e.g. Rule 144, Section 16, Section 13D) that may otherwise be applicable;(4) 10b5-1 Plans that are modified or terminated early may weaken or lose the benefit of the affirmative defense;(5) Public disclosure of 10b5-1 Plans (e.g, via press release) may be appropriate for some insiders;(6) Most companies will permit 10b5-1 Plans to be implemented only during open window periods; and (7) Morgan Stanley Smith Barney, as well as some issuers, imposes a mandatory waiting period between the execution of the 10b5-1 Plan and the first sale pursuant to the 10b5-1 Plan. Preset Diversification Program is a registered Trademark of Morgan Stanley Smith Barney LLC, protected in the United States and other countries.