Hugo Mantilla: $20mm Complaint Against Graystone Consulting Advisor

Miami financial advisor Hugo Mantilla (CRD# 2197853) recently received an investor complaint alleging that his conduct resulted in eight-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley, whose website notes that he is a member of Graystone Consulting, a practice within the firm.

Mr. Mantilla’s BrokerCheck report discloses one investor complaint. Filed in December 2023, it alleges that as a representative of Morgan Stanley, he made misrepresentations of material facts with respect to the transfer of an interest in a family trust. The pending complaint alleges damages of $20 million.

Morgan Stanley’s website includes a profile of Mr. Mantilla that describes him as an Executive Director within the firm’s practice Graystone Consulting. “Hugo specializes in constructing portfolios and developing the asset allocation and risk structure of tailored investment solutions for the team’s international and domestic clients,” it states. “He focuses primarily on family offices and institutions in Latin America and the Caribbean, guiding them through the process of Investment Policy creation, implementation and monitoring.”

As the practice’s  “What We Do” page notes, it manages more than $515 billion in assets. “We offer a wide spectrum of investment consulting solutions designed to meet your desired level of service and discretion,” it states. “And we can provide all the intellectual capital, expertise, specialized resources, and analytical tools you need to help implement a successful, personalized investment strategy.”

According to the Financial Industry Regulatory Authority, Hugo Mantilla holds 31 years of securities industry experience. Based in Miami, Florida, he has been a broker and an investment advisor with Morgan Stanley since 2009. His past registrations include Morgan Stanley & Company (Miami, Florida; 2006-2009), Lehman Brothers (Miami, Florida; 1994-2006), and Merrill Lynch (New York, New York; 1992-1994). His credentials include the passage of six securities industry qualifying exams: the National Commodity Futures Examination, or Series 3; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Banking Registered Representative Examination, or Series 79TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 30 state licenses. (Information current as of January 21, 2024.)

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