Phone:
(860) 572-2579(860) 572-2579
The Sartori Morales Group at Morgan Stanley
Direct:
(860) 572-2599(860) 572-2599
Our Mission Statement
Helping families pursue their financial goals by understanding their needs, offering impactful investment advice and providing a high level of service that leads to successful, lasting relationships.
Our Story and Services
With more than 50 years of combined experience in the financial services industry, our team is dedicated to helping individuals meet their financial needs by developing investment plans around their long-term goals and risk tolerance. Our extensive experience throughout major shifts in the market, coupled with the vast resources of Morgan Stanley enables us to help our clients structure balanced portfolios to address their specific financial goals.
2026 Forbes Best-In-State Wealth Management Team
- Forbes Best-In-State Wealth Management Teams Source: Forbes (Awarded Jan 2026) Data compiled by SHOOK Research LLC based for the period 3/31/24-3/31/25.
Services Include
- Wealth PlanningFootnote1
- Alternative InvestmentsFootnote2
- Professional Portfolio ManagementFootnote3
- Corporate Retirement PlansFootnote4
- Stock Option PlansFootnote5
- Business Succession PlanningFootnote6
- Cash Management and Lending ProductsFootnote7
- Long-term Care InsuranceFootnote8
- Divorce Financial AnalysisFootnote9
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
At the Sartori Morales Group we have a three-step process for determining whether we share a mutual connection with prospective clients and if we would work well together.
Step One: A Casual Introduction
There’s no need to bring any statements to this meeting. We first want to get to know you and your values. We have a conversation about what your needs are and ensure we connect on an individual level. Robert and JohnPaul will also discuss their background and how they are compensated.
Step Two: Dive into the Weeds
Your statements will be important for this meeting. Your financial resources and goals will be discussed to develop a plan that is unique to you and your needs.
Step Three: Implementation Begins
Once we present our plan and you agree to entrust us with your assets, we’ll begin logistical steps to formally start implementation, like account transfers and paperwork. We also set expectations for what you can expect moving forward – such as how often you prefer to check-in and how you like to be contacted.
Step Four: Monitor & Adjust
Life changes and we want to be by your side every step of the journey. We will conduct ongoing reviews to ensure our strategy adapts to ever-changing financial conditions and changes in your personal life. As your goals evolve we will adjust your strategy to help make sure you stay on the right track.
Who We Serve
We are privileged to work with a broad range of High Net Worth Families, Business Owners, Corporate Executives, Next Generation insight, Non-Profit Organizations, and Retirees and Pre-Retirees. We take pride in building long-term relationships with our clients, as well as maintaining an exceptional level of professionalism. We strive to give our clients the confidence they need to help navigate a challenging financial world through personalized service, transparency, and a perspective flourished through over 75 years of combined experience.
High Net Worth Individuals and Families
We have experience working with high-net-worth individuals and families, providing comprehensive wealth management services -- including investment management, tax-efficient investment planning, estate planning strategies and risk management -- tailored to help meet the unique goals and needs of you and your family.
Retirees and Pre-Retirees
Whether you're planning for retirement, looking to turn your savings into income as you transition into retirement, or are seeking to make your nest egg last, we are here to consult you on virtually all your financial needs.
Next Generation
Gaining significant wealth at a young age presents a unique set of challenges. We help prepare the next generation from both an emotional and wealth management perspective to be able to help confront challenges, take advantage of financial opportunities, and acquire the leadership skills to take on new roles.
Non-Profit Organizations
We help non-profit organizations use their assets to pursue their mission, serving as a proactive and collaborative advisor to help our clients grow their social and financial capital.
Business Owners
We provide dedicated guidance on the financial aspects of running a successful business on both sides of the balance sheet, including tax-efficient investment planning, employee benefits, succession planning, and more.
Corporate Executives
Custom tailored advice and strategies to help you manage your unique financial needs and objectives, including executive compensation, wealth preservation, and retirement planning.
When Your Employees Thrive, Your Company Thrives Too
We believe there’s no better investment your company can make than in your employees. When they work at their best, so does your business. We work to deliver financial solutions that can help employees build financial confidence and help you attract and retain top talent.
Financial Wellness
Our workplace solutions give employees the confidence to take charge of their finances – and their future. By improving your employees’ financial wellness, you can benefit from a more productive workforce.
Learn More
Equity Solutions
We design equity compensation solutions that can grow alongside your business and people at any stage. With tailored solutions, modern technology, hands-on guidance and dedicated service, we help you effectively administer equity while managing risk and compliance on a global scale.
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Executive Services
Make it easier on your leaders to understand their equity compensation, so they can focus on what matters: moving your company forward. Our Executive Services team will help your key employees understand how to stay compliant, while providing access to solutions that can support a diverse range of financial and lifestyle goals.
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Deferred Compensation
Through a Nonqualified Deferred Compensation (NQDC) plan, your executives can save for the future while having the ability to take advantage of Morgan Stanley Wealth Management services.
Learn More
Secure 2.0 Act
Congress recently passed the Secure 2.0 Act, which is intended to make it easier for businesses to offer retirement plans to their employees. There are over 90 retirement-related provisions in the law, including a 100% start-up credit for small employers implementing a 401(k) plan for the first three years. You could be eligible for tax credits up to $5,000 based on the act. Please get in touch if you'd like to discuss this further.
Read Fact Sheet
Stock Plan Participant Survey
Morgan Stanley at Work fielded a survey with 86,000 U.S. stock plan participants to gather insights and feedback about stock plan experiences and to explore the value of stock plan benefits in driving employee retention.
Read MoreHelpful Resources For Our Valued Clients
Morgan Stanley Online
The Morgan Stanley Online (MSO) website and app acts as a home base to view your account balance and recent activity.
Within MSO you can:
* Approve wire transfers once enrolled in eAuthorization
* Send Money with Zelle®
* Manage everyday finances and track your spending
Login or Register for MSOWithin MSO you can:
* Approve wire transfers once enrolled in eAuthorization
* Send Money with Zelle®
* Manage everyday finances and track your spending
Total Wealth View
Through Morgan Stanley Online, Total Wealth View (TWV) gives you the ability to link and manage multiple financial accounts from different firms all in one place. This will allow you to conveniently see your entire wealth picture, analyze cash flows and benefit from more informed wealth planning.
Learn More
Safeguarding Your Assets
Morgan Stanley invests considerable funds and resources every year in the development, maintenance, and enhancement of programs and processes to protect your assets and personal information.
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Reserved Living & Giving
Morgan Stanley's loyalty program allows eligible clients access to exclusive offers and discounts from over 70 premium brands at no cost.
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2026 Tax Tables
This helpful resource outlines the 2026 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
See Tax Tables
The GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
Read the Report
Thoughts on the Market Podcast
Mike Wilson 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.
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Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential, manage unrealized gains and help keep more of what you earn.
Learn MoreAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
12 Coogan Blvd.
Suite 201
Mystic, CT 06355
US
Direct:
(860) 572-2599(860) 572-2599
Meet The Sartori Morales Group
Robert Sartori
Executive Director, Financial Advisor, Portfolio Management Director
Phone:
(860) 572-2576(860) 572-2576
Antonio Giuliani, CFP®
Financial Advisor, CERTIFIED FINANCIAL PLANNER®
Phone:
(860) 275-0778(860) 275-0778
Brenda Ayers
Senior Registered Client Service Associate
Phone:
(860) 572-2599(860) 572-2599
Anne Marie Petersen
Senior Client Service Associate
Phone:
(860) 572-2588(860) 572-2588
About Me
JohnPaul tailors his practice to holistic personal investment planning as well as family wealth preservation, generational transfers, corporate 401(k) plans, pensions, and profit sharing plans.
JohnPaul has over 21 years of experience in the financial industry. He enjoys getting a deeper understanding of his client's family’s goals, aspirations, and passions. Prior to being a Financial Advisor, JohnPaul was an accountant, controller, and 401(k) Trustee in the software engineering and government sector for 11 years. JohnPaul holds an Associate's Degree in Accounting from Dean College and a Bachelor's Degree in Accounting from the University of New Haven.
In his free time, JohnPaul enjoys cycling, golf, yoga, vegan cooking, and spending time with his family on Martha's Vineyard and in Portland, Maine. JohnPaul is an active member of the community where he has participated with the Enders Island Event Committee, Paul Newman's Hole in the Wall Camp, the Eastern Connecticut Symphony Orchestra, the Mystic YMCA, and the Dean College Business Advisory Board. JohnPaul lives in Stonington, Connecticut with his wife Donna and their two children Erica and JohnPaul Jr.
JohnPaul has over 21 years of experience in the financial industry. He enjoys getting a deeper understanding of his client's family’s goals, aspirations, and passions. Prior to being a Financial Advisor, JohnPaul was an accountant, controller, and 401(k) Trustee in the software engineering and government sector for 11 years. JohnPaul holds an Associate's Degree in Accounting from Dean College and a Bachelor's Degree in Accounting from the University of New Haven.
In his free time, JohnPaul enjoys cycling, golf, yoga, vegan cooking, and spending time with his family on Martha's Vineyard and in Portland, Maine. JohnPaul is an active member of the community where he has participated with the Enders Island Event Committee, Paul Newman's Hole in the Wall Camp, the Eastern Connecticut Symphony Orchestra, the Mystic YMCA, and the Dean College Business Advisory Board. JohnPaul lives in Stonington, Connecticut with his wife Donna and their two children Erica and JohnPaul Jr.
Securities Agent: LA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, MA, AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, HI, IA, NY, ID, IN, KS, KY; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 174505
NMLS#: 174505
About Me
Bob provides comprehensive investment planning and portfolio construction. If a working relationship is developed, he can work with you to help achieve your goals.
For nearly three decades Bob has helped clients address their financial concerns and develop sound strategies by focusing on each individual's specific needs. With extensive experience throughout major shifts in the markets, Bob has dedicated his career to delivering the personalized investment planning services his clients deserve.
Bob began his career as a Financial Advisor in 1996 where he developed his fundamental investment knowledge and continues to take a team approach in providing personalized financial advice for individuals and families. Bob holds a bachelor's degree in Business from Eastern Connecticut State University where he was a 4 year baseball letterman and led his team to the 1987 College World Series.
Bob spends his free time with his wife, Athena, and their children Ben & Alaina. They like to stay active both physically and mentally, whether it's coaching an AAU baseball team or helping organize various fundraisers in their community. Bob enjoys skiing at Okemo Mountain, off-shore fishing in Beverly, MA, and golfing at various courses.
For nearly three decades Bob has helped clients address their financial concerns and develop sound strategies by focusing on each individual's specific needs. With extensive experience throughout major shifts in the markets, Bob has dedicated his career to delivering the personalized investment planning services his clients deserve.
Bob began his career as a Financial Advisor in 1996 where he developed his fundamental investment knowledge and continues to take a team approach in providing personalized financial advice for individuals and families. Bob holds a bachelor's degree in Business from Eastern Connecticut State University where he was a 4 year baseball letterman and led his team to the 1987 College World Series.
Bob spends his free time with his wife, Athena, and their children Ben & Alaina. They like to stay active both physically and mentally, whether it's coaching an AAU baseball team or helping organize various fundraisers in their community. Bob enjoys skiing at Okemo Mountain, off-shore fishing in Beverly, MA, and golfing at various courses.
Securities Agent: NV, CA, MA, DC, FL, CT, WI, PA, MD, CO, AZ, AL, NE, NC, RI, VT, NY, HI, MO, VA, NJ, ME, GA, TX, NH, IL; General Securities Representative; Investment Advisor Representative
NMLS#: 2607958
NMLS#: 2607958
About Antonio Giuliani
Antonio Giuliani, CFP® is a Financial Advisor with The Sartori Morales Group at Morgan Stanley. Bringing years of experience in financial planning and wealth management, Antonio partners with the team to provide high-net-worth individuals and institutions with tailored financial strategies designed to help them achieve their long-term goals. His experience in comprehensive financial planning allows him to address the complexities of investment management, estate planning strategies, tax-efficient investment management, and retirement planning.
Prior to becoming a Financial Advisor, Antonio served as a Financial Planning Director with Morgan Stanley, where he was responsible for the critical analysis and development of sophisticated financial plans for clients across Connecticut and Massachusetts. His keen attention to detail, problem-solving ability, and commitment to building meaningful relationships have been hallmarks of his approach. Now, as a Financial Advisor, he integrates these skills into a broader advisory role, working closely with the established Sartori Morales team to deliver high-touch, personalized guidance.
Antonio earned his degree from the University of Connecticut and holds the CERTIFIED FINANCIAL PLANNER™ designation. He resides in Berlin, CT, with his wife and their dog. Outside of work, he enjoys working out, cooking, and spending time with family. Antonio is also passionate about giving back to the community and volunteers at a women’s shelter, providing financial education to those in need.
Prior to becoming a Financial Advisor, Antonio served as a Financial Planning Director with Morgan Stanley, where he was responsible for the critical analysis and development of sophisticated financial plans for clients across Connecticut and Massachusetts. His keen attention to detail, problem-solving ability, and commitment to building meaningful relationships have been hallmarks of his approach. Now, as a Financial Advisor, he integrates these skills into a broader advisory role, working closely with the established Sartori Morales team to deliver high-touch, personalized guidance.
Antonio earned his degree from the University of Connecticut and holds the CERTIFIED FINANCIAL PLANNER™ designation. He resides in Berlin, CT, with his wife and their dog. Outside of work, he enjoys working out, cooking, and spending time with family. Antonio is also passionate about giving back to the community and volunteers at a women’s shelter, providing financial education to those in need.
Securities Agent: GA, FL, PR, NH, VT, SC, OR, LA, DC, WA, RI, HI, UT, TX, DE, OK, NE, MA, IL, CT, NV, WV, KS, IA, CO, WY, PA, KY, OH, MD, AZ, WI, VA, TN, MO, MN, ME, IN, AL, NY, NC, MI, ID, CA, NJ, MT; General Securities Representative; Investment Advisor Representative
About Brenda Ayers
Brenda is passionate about helping clients achieve their financial goals and brings over 15 years of industry experience to the team. Prior to joining Morgan Stanley, Brenda was a Registered Client Service Associate and Financial Relationship Advisor at Wells Fargo Advisors. Before that she worked at TD Bank and Fleet Bank/Bank of America. In her day-to-day role with the Sartori Morales Group, Brenda delivers exceptional client service and assists with administrative and account needs.
Brenda holds a Bachelor's Degree in Business Administration and Finance from Eastern Connecticut State University and a Master's Degree in Business Management and Marketing from Rensselaer Polytechnic Institute.
In her free time, Brenda enjoys biking, running, skiing and gardening. She also loves spending time with her family and friends, including her two sons. Brenda resides in Niantic, Connecticut.
Brenda holds a Bachelor's Degree in Business Administration and Finance from Eastern Connecticut State University and a Master's Degree in Business Management and Marketing from Rensselaer Polytechnic Institute.
In her free time, Brenda enjoys biking, running, skiing and gardening. She also loves spending time with her family and friends, including her two sons. Brenda resides in Niantic, Connecticut.
About Anne Marie Petersen
Anne Marie is a financial professional with over 15 years of experience in the industry. She is highly knowledgeable about the many components of clients’ financial lives and is committed to delivering the highest level of customer service. Anne Marie manages day-to-day operations for the team and assists clients with administrative and operational account needs.
Anne Marie and her husband Bob live in Mystic, Connecticut, where they raised their three daughters. Spending time with her daughters, grandsons and extended family in the US and Ireland is very important to her. Anne Marie enjoys being outdoors, especially camping and kayaking. She is also actively involved in the community through a local organization working with the elderly and families in need.
Anne Marie and her husband Bob live in Mystic, Connecticut, where they raised their three daughters. Spending time with her daughters, grandsons and extended family in the US and Ireland is very important to her. Anne Marie enjoys being outdoors, especially camping and kayaking. She is also actively involved in the community through a local organization working with the elderly and families in need.
Contact JohnPaul Morales
Contact Robert Sartori
Contact Antonio Giuliani
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Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
3Morgan 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.
4When 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.
5Morgan 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.
6Morgan 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.
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
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
