Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Bellevue Arts Museum building sold to local children’s museum – The Art Newspaper

October 6, 2025

Christie’s Hong Kong autumn sale drops 46% from last year but makes Picasso’s record in Asia – The Art Newspaper

October 6, 2025

U.S. stock futures flat, while oil and bitcoin prices rise amid uncertainties

October 5, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Financial Planning
Financial Planning

Morgan Stanley sued for over $1M in disability benefits

News RoomBy News RoomDecember 3, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

A former Morgan Stanley financial advisor is suing the firm over $1 million in disability payments she claims she’s owed after having to stop working because of health complaints.

Tara Lusche sued Morgan Stanley last week in federal court in Colorado over allegations that she has been illegally denied payments under the firm’s benefits plan for former financial advisors. Lusche, who lives in the Denver suburb of Centennial, Colorado, had to quit working in early 2022 after suffering from fibromyalgia and various health and mental troubles that “impacted her ability to perform her cognitively demanding job duties,” according to suit.

Fibromyalgia is a chronic condition associated with pain, fatigue, headaches and other symptoms. Lusche’s suit says Lusche acquired a doctor’s certification that her ailments had rendered her disabled and she wasn’t likely to improve with time.

She was able to obtain both short-term and long-term disability benefits through Morgan Stanley. But when she later inquired about benefits for former advisors — in early 2024 — her claim was denied.

Morgan Stanley’s “wrongful conduct and breach of contract has caused injuries and damages to the Plaintiff, including lost benefits, loss of use of benefits, stress, anxiety, emotional upset and the like,” according to the suit. “The stress and upset has worsened Plaintiff’s medical condition.”

READ MORE: Morgan Stanley wealth head bets on reinvestment over recruitingHow James Gorman transformed Morgan Stanley after the financial crisisJudge strikes Morgan Stanley another blow on deferred compMorgan Stanley seeks TRO against top producer who joined Raymond JamesEx-Morgan Stanley advisor accused of stealing retiring colleague’s clients

A Morgan Stanley spokesperson declined to comment. Lusche’s lawyer did not respond to requests for comment.

Lusche was at Morgan Stanley and its predecessor firm, Smith Barney, for just over 15 years, according to BrokerCheck. She started in the financial services industry in 1999 at Merrill Lynch, joined Capital Brokerage in 2005 before returning to Merrill and eventually moving on to Smith Barney in 2008. Morgan Stanley acquired roughly half of Smith Barney in 2009 and the whole ownership stake four years later.

Besides her claim for over $1 million in disability payments, Lusche is seeking interest and noneconomic damages. Her suit accuses Morgan Stanley of breach of contract and a wrongful denial of benefits.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

#FASuccess Ep 414: Narrowing Down The Focus To Byte-Sized Planning For Tech Employees To 10X To $50M AUM In Just 3 Years, With Eric Franklin

Retiring Soon: How do I Structure My $1 Million Portfolio at Age 65?

Short-term bonds on the rise as interest rates decline

Robinhood Acquires TradePMR To Refer Next-Gen HNW Clients To On-Platform RIAs (And More Of The Latest In Financial #AdvisorTech – December 2024)

10 states with the most and least competitive taxes in 2025

A comparative guide to life and living annuities

Weekend Reading For Financial Planners (November 30–December 1)

Notable 401(k) and IRA plan changes for 2025

Goldman Sachs on what 2025 might bring for markets

Recent Posts
  • Bellevue Arts Museum building sold to local children’s museum – The Art Newspaper
  • Christie’s Hong Kong autumn sale drops 46% from last year but makes Picasso’s record in Asia – The Art Newspaper
  • U.S. stock futures flat, while oil and bitcoin prices rise amid uncertainties
  • Bitcoin hits new high above $125,000 as investors seek safety
  • Let’s reconsider how we think about alcohol levels

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Christie’s Hong Kong autumn sale drops 46% from last year but makes Picasso’s record in Asia – The Art Newspaper

October 6, 2025

U.S. stock futures flat, while oil and bitcoin prices rise amid uncertainties

October 5, 2025

Bitcoin hits new high above $125,000 as investors seek safety

October 5, 2025

Let’s reconsider how we think about alcohol levels

October 5, 2025

Judge rejects collector Ron Perelman’s claims of $410m in damages from works that lost their ‘spark’ in fire – The Art Newspaper

October 5, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.