Our Story and Services

Together, our team has a combined experience of over 80 years in the financial services industry. Whether it is the 1998 Asian Currency Crisis, the 2000 Technology Bubble, the 2008 Great Recession or the 2020 COVID-19 Recession, our team has experienced it and helped guide our clients to their goals despite the status of the market.

Each member of our team has professional designations that we gained to increase our knowledge base to better assist our clients. Each of us holds the titles of either CFP® or QPFC, which shows we demonstrate the key knowledge and competency to provide comprehensive personal financial planning advice to our clients. Such designations are earned and not given. We have gone through extensive training, passed the required exams and engage in continual education to keep these titles.

Being that we are not only financial advisors and planners, but also portfolio managers, we have over $900 million of assets under management and over $300 million within our Portfolio Management platform, as of January 2025.

We offer the highest quality of service with our professional and dedicated Client Service Associates, Martha Cracolice, and Tony Pimentel, who are instrumental in keeping our clients happy and cared for. We are truly dedicated to our clients and treat them as our number one priority. Whatever recommendations we have or advice we give to our clients, it comes from us and is backed by our own research; no cookie cutter.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
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    Retirement Planning
    Retirement Planning is a core component of wealth management. Certain steps should be taken to prepare for a wide range of future costs such as living expenses, travel costs, and education funding. We can assist clients with this planning by quantifying financial needs, creating an action plan, and tracking plan progress. Creating a retirement plan is one of those significant life events. We offer retirement advice with the aim to keep you on track and consistent with your goals.
    Planning Your Goals
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    Spending and Budgeting
    One way to manage savings is by using Morgan Stanley’s Spending and Budgeting tool. These tools help advisors monitor client cash flows across both internal and external accounts. It also tracks spending patterns and produces an income and expense analysis to help clients achieve their goals by adjusting their spending behavior when necessary.
    Build the Best Budget for You
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    Insurance Planning and Long-Term Care
    The right insurance products can help protect assets, family, and legacy. Morgan Stanley offers a variety of insurance products: life, disability income, and long term care in conjunction with its licensed insurance agency affiliates.
    How Insurance Can Help with Retirement Planning
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    Tax Management
    Taxes are a crucial part of the planning conversation and can potentially represent a large outflow from a client’s portfolio each year. Morgan Stanley offers tax strategies that can help us prepare a client to manage tax liabilities and preserve their wealth.
    The Tax-Smart Portfolio
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    Estate Planning Strategies
    Well-constructed estate plans help to mitigate substantial tax and legal burdens, time delays in settlements, and in some cases, family conflicts. It is important to pre-emptively create and review an estate plan with an estate planning attorney during major life events such as a marriage, divorce, or new births. Changes in both federal and state tax laws can also have lasting effects on estate planning as well. If you don’t know where to begin, we will work with your estate attorney to create an estate plan to align with your goals.
    Estate Planning Brochure
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    Philanthropic Management
    A holistic estate plan can help clients plan for the future by getting a better overall sense of their potential estate value. Advisors help clients by analyzing the impact of different strategies surrounding the ownership of assets, philanthropy, and the implementation of trusts.
    How to Give to Charity
What You Can Expect From Us
• We’ll learn what’s important to you.

• We’ll create a roadmap for your wealth based on your comprehensive goals.

• We’ll help develop an investment plan within your comprehensive goals.

• We’ll work with your other professional advisors (attorney, accountant, etc.) so that we are communicating in your best interest.

• We’ll maintain regular contact with you: to update you on your portfolio and the financial markets; to provide you with continuing education; and to keep up to date with your life and circumstances.

• We’ll always be objective and transparent.

• We’ll combine our knowledge and experience with other specialists, when necessary, to help solve your problems and meet your goals.

• We’ll work with your estate attorney to develop an estate plan. We’ll work with you to create a retirement plan within your comprehensive goals.

Disclaimer:
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.

Our Suite of Digital Tools

Digital technology is centered on how people communicate, consume, transact and travel. Our comprehensive suite of digital tools are designed to help enhance every aspect of your financial life. Here are a few of the technologies we have to offer our clients and how to navigate them.

    Outlooks & Updates

    Here at The Diamond Peak Group, we strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
    Global Investment Committee Weekly Research Report
    The Global Investment Committee's Weekly Report provides an in depth look at markets, asset class performance and fixed income on a weekly basis.
    GIC Weekly
    Global Investment Committee on the Markets Monthly Report
    A monthly publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out the latest edition below:
    GIC on the Markets
    Thoughts on the Markets
    Each week, Mike Wilson, Chief U.S. Equity Strategist & Chief Investment Officer, offers his perspective on the forces shaping the markets and how to separate the signal from the noise. Listen to his most recent episode and check out those of his colleagues from across Morgan Stanley Research.
    Listen to the Latest Episode Here

    WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

    Our mission is to help your company elevate your workplace financial benefits—helping you to attract and retain top talent. Our end-to-end solutions support your company and employees at any stage of growth through a powerful combination of modern technology, insightful guidance, and dedicated service.

      Equity Solutions

      Equity ownership is a powerful motivator. Streamline equity management through our leading-edge technology and provide global audit-ready reporting and insights, alongside customizable participant experiences to engage and educate your employees on how to make the most of their benefits. Our global solutions support private and public companies at any stage of growth.

      • Equity Administration and Financial Reporting
      • Liquidity Events
      • 409A Valuation Services and Cap Table Management

      Learn more
      Retirement

      For your employees, retirement is more than a date in the future—it's a milestone that takes time, hard work, and the right tools. Through our consultative process, we strive to assist with the management of your fiduciary responsibilities and risk, simplify plan management, and help you improve retirement readiness for your employees.

      • Defined Contribution Consulting
      • Solutions-Oriented Plans
      • Fiduciary Investment Oversight

      Learn more
      Deferred Compensation

      Access a range of Nonqualified Deferred Compensation plan services or pick the ones that best fit your needs. We provide recordkeeping and plan design, portfolio construction services, and plan education for your executive talent. We help you determine the appropriate plan design and inform a funding strategy through a needs-based assessment and consultative approach.

      Services include:

      • Recordkeeping and Plan Design
      • Portfolio Construction
      • Wealth Management Services
      Learn more
      Executive Services

      Our dedicated team provides concierge-level support for your executives' equity compensation plans, from 10b5-1 trading plans to form filing related to Rule 144 transactions, to access to wealth management and tax-optimization strategies, so helping them navigate their complex financial needs with greater confidence and certainty:

      • Equity Compensation Services
      • Equity Award Analysis
      • Specialized Solutions
      Learn more
      Saving and Giving

      Saving and Giving benefits can make a real difference in your employees' lives as they can support the things that matter most to them—like saving for education and repaying student loans. Show that you are committed to your employees' priorities with leading-edge solutions that help them chart a path toward financial well-being.

      • College Savings
      • Student Loan Repayment and Refinancing
      • Charitable Giving
      Learn more
      Financial Wellness

      We offer Financial Wellness with every solution we provide. Through a powerful combination of education, digital tools and guidance, Financial Wellness is designed to address the unique needs of your employees and empower their financial journey at every stage. Give your employees the confidence to take charge of their finances.

      • Financial Education
      • Digital Tools
      • Financial Guidance

      Learn more

    Location

    4285 SE Commercial Street
    Suite 200
    Salem, OR 97302
    US
    Direct:
    (503) 588-5705(503) 588-5705
    Toll-Free:
    (800) 824-0995(800) 824-0995
    Fax:
    (503) 581-6123(503) 581-6123

    Meet The Diamond Peak Group

    About Scott Bigham

    Scott Bigham is a Senior Vice President, Senior Portfolio Management Director, Financial Advisor, and CERTIFIED FINANCIAL PLANNER™. He has spent his entire wealth management career with Morgan Stanley and its predecessor firms. Scott started in the financial advisory business in 1992 after playing three years of professional baseball in the minor league system of the San Diego Padres, followed by his time as an accountant with KPMG Peat Marwick. He has a Bachelor of Arts degree from Willamette University.

    As a financial advisor, developing personal relationships is one of Scott’s greatest gratifications. He enjoys having conversations with his clients, discussing their passions, values, and finances. Providing education, advice and opinions, with a personal touch, is a source of personal and professional pride.

    Scott relies on his accounting background and collegiate studies in Business Economics when analyzing his clients’ financial situations. He is dedicated to thoroughly understanding each client’s financial position, long and short-term goals, and strategies for managing risk. He uses this information, along with modern wealth management analytics and risk management tools to formulate customized strategies.

    Communicating is a key component of Scott’s practice. His ability to use analogies, explain things in clear terms and simplify complex concepts helps his clients to be comfortable with his approach. This is essential for developing long term relationships built on trust which is always a priority for Scott.

    Scott’s grandfather often encouraged him to look at the wealth management industry as a career. Furthermore, an invitation from a collegiate baseball teammate led Scott to enter the business back in November of 1992.

    Giving back to the community is important to Scott and is something very meaningful to him. He is a long standing member of the Salem Area Chamber of Commerce and has served on their board of directors, is a former board member and board president of Salem Leadership Foundation and is a current member of their advisory board. Scott is also a longtime member of Salem First Christian Church.

    Scott currently lives in West Salem which is about 200 miles north of where he grew up, in the small town of Rogue River in southern Oregon. He and his wife Robin have been married since 2000 and they have two daughters, Kennedy and Ashlyn. Kennedy is a graduate of Texas Christian University and Ashlyn attends Montana State University. Scott enjoys spending time with his family, visiting extended family, coaching, watching and playing sports, hiking, fishing, bicycling, golfing and exercising.
    Securities Agent: NM, CO, VA, NJ, DE, CA, OK, NY, MD, SC, MI, VI, MS, UT, PA, KY, WA, TX, OH, NC, HI, AR, GA, MT, IA, FL, AK, NV, TN, OR, NH, MO, MA, IL, AZ, ID; General Securities Representative; Investment Advisor Representative
    NMLS#: 1274637
    CA Insurance License #: 0F72023

    About John Sipple

    John Sipple is a Senior Vice President, Financial Advisor and Portfolio Management Director of the Diamond Peak Group at Morgan Stanley. He has over 20 years of financial services experience, holds a Certified Financial Planner designation, and has been with the firm since 2008. John played professional baseball for the Texas Rangers before starting his career in finance.

    John sincerely enjoys helping people, and takes pride in having a meaningful impact on their lives. He was introduced to the industry by a great aunt at an early age and he has been attracted to it ever since. Her description of how much of a positive influence advisors can have with people was a big motivating factor.

    He draws upon his prior experience in insurance and professional baseball to help his clients navigate their financial future. His background in insurance helps considerably with financial planning. As a former professional baseball player, he developed a disciplined work ethic, the ability to overcome setbacks, and how to be a team player.

    John uses a holistic planning based approach in helping clients. He spends a great deal of time in developing a complete understanding of their financial situation, values and objectives. By using the team’s sophisticated risk management system, he is able to deliver individualized solutions for his client’s needs which ultimately allows them to achieve increased financial confidence.

    After pitching for the Texas Rangers, John worked in insurance for 8 years. In 1999, he started his career in wealth management at Merrill Lynch and then joined Morgan Stanley’s predecessor firm, Smith Barney in 2008. He received a BS degree in Business and Finance from Oregon State University.
    Securities Agent: OH, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, OK, NH, NE, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL, AK, NJ, NM, NV, NY; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
    NMLS#: 1261821
    CA Insurance License #: 0C98822

    About Cade Goff

    Cade was born and raised in the Salem-Keizer area. Cade graduated Summa Cum Laude from Oregon State in 2020 with a degree in finance. Cade started his career at Merrill Lynch in 2020. In 2021 he joined the Diamond Peak Group at Morgan Stanley. Cade married his wife, Taryn, in 2023. He enjoys any competitive activity, but basketball and pickleball top the list. Cade earned his Private Pilot Certificate in 2024.
    Securities Agent: OR, DE, AZ, VA, MT, KY, TX, SC, OK, NH, MI, FL, PA, NJ, NC, IL, ID, UT, MA, VI, MS, TN, MD, HI, CT, WA, MO, GA, CO, CA, AR, OH, NM, IA, NY, NV, AK; General Securities Representative; Investment Advisor Representative
    NMLS#: 2029073

    About Ronald Boyles

    Ron Boyles is a seasoned financial services professional with a diverse career spanning over two decades. He earned his Master of Business Administration (MBA) from Oregon State University in 2001, which laid the foundation for his successful career in the financial industry.

    Starting in 2001 as a Financial Advisor, Ron quickly became known for his dedication to providing sound financial advice and personalized solutions to clients. His expertise and passion for the financial industry led him to transition into management in 2004, where he began to demonstrate his leadership skills.

    In 2006, Ron joined Morgan Stanley and its legacy firms, where he spent the next several years honing his management abilities. Over the past 13 years, he managed the operations of 13 branches across five states, leading a team of five managers. His ability to oversee a large and diverse operation contributed to the success and growth of the branches under his leadership.

    In 2025, Ron transitioned back into a Financial Advisor role, joining the prestigious Diamond Peak Group. He now enjoys working closely with clients, leveraging his extensive experience to help individuals and families navigate their financial goals with confidence.

    Ron is happily married to his wife, whom he met during his time at Oregon State University. Together, they have two children, Camryn and Caleb, both of whom are currently attending Oregon State University, continuing the family’s legacy at their alma mater.

    In his free time, Ron enjoys spending quality time with his family and engaging in outdoor activities like hiking and fishing. His well-rounded approach to life, combining professional success with personal fulfillment, makes him a respected figure both in and outside of the financial world.
    Securities Agent: KY, WY, MI, MD, IL, AZ, WV, VT, VI, OH, GA, NE, WI, NY, NM, IN, AL, SC, OR, MT, ME, ID, CT, AR, WA, UT, TN, RI, OK, NH, MA, PA, NJ, KS, VA, TX, ND, MN, IA, FL, DE, CO, AK, SD, PR, NC, MS, DC, CA, NV, MO, LA, HI; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
    NMLS#: 2719906

    About Martha Cracolice

    Martha Cracolice is a Portfolio Associate with the Diamond Peak Group at Morgan Stanley. She has been with Morgan Stanley and its predecessors since 2001 with a brief absence in 2013. Martha has obtained the following insurance licenses: life, health and variable. She also has her Series 7 and 66 licenses which allow her to handle trade executions. She and her colleague, Tony Pimentel share many responsibilities related to client-specific service requests.

    She has the distinct pleasure of serving the community in the financial services industry since 1997. Her experience in the financial service industry includes cash management, lending, insurance and investments. Martha strives to provide the best possible client service with a warm smile and a can - do attitude.

    Martha grew up in Eugene, Oregon and moved to Salem, Oregon in 1997. Martha enjoys being very active in her church and spending time with friends and family.

    About Anthony Pimentel

    Tony brings 17 years of experience in the financial services industry to The Diamond Peak Group. He has built a reputation for being efficient, attentive to detail, and effective in organizational skill and care. These qualities have earned him the trust and confidence of Morgan Stanley clients. Tony focuses on client service, client relations, and portfolio analytics. He holds the Series 7 and Series 66 licenses.

    Born in Sacramento, Tony moved to the Salem area where he graduated from Sprague High School. After graduation, Tony moved back to Sacramento and later to Huntington Beach. In 2020, Tony returned to Oregon and purchased a home in Dallas. Tony and his wife, Janelle, have two Chihuahuas, Chloe & Que, and four cats, Ziggy, Precious, Olli and Marleaux.

    Tony has an adult son and two adult stepsons. Recently, he and Janelle became grandparents and are elated to have their granddaughter nearby. When there is free time, Tony enjoys golfing, fishing, camping, and building things in his shop.

    About Stacey Savage

    Stacy Savage is a dedicated team administrator with the Diamond Peak Group at Morgan Stanley, where she has been contributing since early 2025. In her role, she supports office operations and ensures smooth day-to-day management alongside her colleagues, Martha Cracolice and Tony Pimentel.

    Stacey holds a degree in Business Management and has long been interested in the financial industry. Before joining Morgan Stanley, she spent the past 20 years in elementary education, driven by her deep love for children and commitment to community. Her transition into finance marks a meaningful return to her academic roots and long-standing professional aspirations.

    A longtime resident of Salem, Stacey has been married to her husband for 30 years. They have two daughters and enjoy a close-knit family life. Outside of work, Stacey loves spending time with family and friends, especially at the beach. She also enjoys gardening, painting, and baking, finding joy in both creativity and connection.
    Wealth Management
    From Our Team

    Overcoming Your 5 Biggest Retirement Challenges


    Wealth Management
    Global Investment Office

    Portfolio Insights

    This is a video content

    Equity Compensation

    Helping you make the most of your equity awards and better understand how it may fit into your your larger financial picture – today and tomorrow.

    • Vesting events
    • Option expirations
    • Restricted stock units
    • Tax implications

    Family

    Creating customized financial strategies for the challenges that today’s families face.
    • Estate Planning Strategies
    • 529 Plans / Education Savings Planning
    • Long Term Care Insurance
    • Special Needs Planning
    • Trust Services
    529 Plans: A Powerful Tool to Save for Education
    Article Image

    529 Plans: A Powerful Tool to Save for Education

    Though education costs continue to climb, starting to save and invest early can make a difference.

    Investing

    Working closely with you to guide your wealth and investments through the most challenging market cycles.
    • Asset Management
    • Wealth Planning
    • Traditional Investments
    • Alternative Investments
    • Impact Investing
    Want to Keep More of Your Investment Returns? Consider These Tax Moves
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    Want to Keep More of Your Investment Returns? Consider These Tax Moves

    Establishing a tax management strategy for your investments may help you keep more of your returns.

    Retirement

    Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
    • 401(k) Rollovers
    • IRA Plans
    • Retirement income strategies
    • Retirement plan participants
    • Annuities
    A Simple Six-Step Retirement Checkup
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    A Simple Six-Step Retirement Checkup

    Checking in on your retirement plan may make a lot of sense, especially when market volatility arises.

    Business Planning

    Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
    • Succession Planning
    • Business Planning
    • Qualified Retirement Plans
    Financial Planning for Life After Selling a Business
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    Financial Planning for Life After Selling a Business

    Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

    Philanthropy

    Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
    • Endowments
    • Foundations
    • Donor Advised Funds
    • Impact Investing
    Donor Advised Funds: A Smart Way to Manage Your Giving
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    Donor Advised Funds: A Smart Way to Manage Your Giving

    There's more to charitable giving than you may realize. Here's one method that may be a tax-efficient way to give and can help maximize your impact.

    Financial Wellness

    Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
    • Reduce employee stress,
    • Improve retention and engagement, and
    • Set themselves apart by offering comprehensive financial wellness benefits.
    The Business Case for a Financially Resilient Workforce
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    The Business Case for a Financially Resilient Workforce

    In the face of turbulent markets, the word “resilience” may be top of mind. Broadly speaking, resilience is the ability to “bounce back” when encountering life’s inevitable challenges.
    Ready to start a conversation? Contact The Diamond Peak Group today.
    Market Information Delayed 20 Minutes
    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

    1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

    For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

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    2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.

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    3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

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    4Morgan Stanley 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 consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.

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    5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

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    6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.

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    7Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

    Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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    8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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    9Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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    10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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    11Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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    12Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

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    13An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.

    Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.

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    14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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    15Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
    Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.

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    16Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
    Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

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    17When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

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    18Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

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    19Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
    Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

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    20Morgan Stanley 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 consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
    Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

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    Awards Disclosures
    CRC 6491812 (04/2024)