Executive Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(207) 561-2002(207) 561-2002
207 Wealth Management Group at Morgan Stanley
Direct:
(207) 561-2000(207) 561-2000
Toll-Free:
(877) 475-9115(877) 475-9115
Industry Award WinnerOur Mission Statement
Comprehensive wealth planning strategies for your life and legacy
About Us
We, the 207 Wealth Management Group at Morgan Stanley, are a full service advisory team providing financial planning, investment, risk management and lending solutions. As a premier investment advisory group, we focus on delivering sound advice coupled with exceptional service and support.
We encourage you to contact us to schedule a complimentary meeting to explore any of our services.
We encourage you to contact us to schedule a complimentary meeting to explore any of our services.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Sustainable InvestingFootnote3
- Trust AccountsFootnote4
- Life InsuranceFootnote5
- AnnuitiesFootnote6
- Lending Products
- 401(k) Rollovers
- Retirement PlanningFootnote7
- Estate Planning StrategiesFootnote8
- Long Term Care InsuranceFootnote9
- Planning for Education FundingFootnote10
- 529 PlansFootnote11
- UGMA/UTMAFootnote12
- Corporate BondsFootnote13
- Municipal BondsFootnote14
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Valuable Tools And Resources
Our team is committed to providing you with important information about managing your wealth in today's fast pace environment. Learn more about our online platforms and take a look at our last resources that focuses on insights in the market.
2026 Tax Tables
This helpful resource outlines the 2026 tax rate schedule, education and health savings accounts limits, retirement contribution and deduction limits, among other information. With tax season seemingly always right around the corner, it's best to be as informed as possible.
Access the 2026 Federal Tax TablesLocation
23 Water Street
Bangor, ME 04401
US
Direct:
(207) 561-2000(207) 561-2000
Toll-Free:
(877) 475-9115(877) 475-9115
Meet 207 Wealth Management Group
Senior Vice President, Wealth Management, Financial Advisor, Family Wealth Advisor, Portfolio Management Director
Phone:
(207) 561-2017(207) 561-2017
Samantha L. Becker
First Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager, Financial Planning Specialist, Insurance Planning Director
Phone:
(207) 561-2020(207) 561-2020
Marinna R. Robinson
Senior Client Service Associate
Phone:
(207) 561-2021(207) 561-2021
Melanie S. Bowen
Client Service Associate
Phone:
(207) 561-2019(207) 561-2019
Alyssa L. Hume
Client Service Associate
Phone:
(207) 561-2015(207) 561-2015
About Jeffrey F. O'Sullivan
Jeffrey O’Sullivan is an Executive Director, Senior Portfolio Management Director, and has served as a Financial Advisor for more than 38 years. He joined Morgan Stanley in 2008 after working at UBS (formerly PaineWebber), where he began his career in 1987.
Jeff helps clients to define and pursue both near-term and long-term financial goals—often focused on wealth accumulation, retirement planning, and legacy planning. He supports clients through a disciplined, goals-based process that may include investment strategies, lending solutions (as the team’s registered mortgage broker), insurance strategies, when appropriate, and comprehensive financial planning. In recognition of his client-focused approach, Jeff has been named one of Forbes Best-In-State Wealth Advisors each year since 2018.
Jeff earned an A.B. from Bowdoin College in 1985, majoring in Economics and minoring in Government and Legal Studies. He grew up in Madison, Connecticut, and has lived in Hampden, Maine since 1994. He also spends several months each year working from Jensen Beach, Florida. Outside of the office, Jeff and his wife, Kara, enjoy traveling and attending concerts, theater performances, and sporting events.
2026, 2025, 2024, 2023, 2022, 2021, 2020, 2019: Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2019-2026) Data compiled by SHOOK Research LLC based 12-month period concluding in April of year prior
Jeff helps clients to define and pursue both near-term and long-term financial goals—often focused on wealth accumulation, retirement planning, and legacy planning. He supports clients through a disciplined, goals-based process that may include investment strategies, lending solutions (as the team’s registered mortgage broker), insurance strategies, when appropriate, and comprehensive financial planning. In recognition of his client-focused approach, Jeff has been named one of Forbes Best-In-State Wealth Advisors each year since 2018.
Jeff earned an A.B. from Bowdoin College in 1985, majoring in Economics and minoring in Government and Legal Studies. He grew up in Madison, Connecticut, and has lived in Hampden, Maine since 1994. He also spends several months each year working from Jensen Beach, Florida. Outside of the office, Jeff and his wife, Kara, enjoy traveling and attending concerts, theater performances, and sporting events.
2026, 2025, 2024, 2023, 2022, 2021, 2020, 2019: Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2019-2026) Data compiled by SHOOK Research LLC based 12-month period concluding in April of year prior
Securities Agent: OR, MI, FL, CT, AK, MN, LA, IN, WY, OK, NY, NC, MT, HI, AZ, GA, DE, VA, UT, TN, SC, NM, CO, OH, IL, ID, WV, WI, NJ, MA, CA, PA, NH, ME, KY, DC, AL, TX, MO, KS, NV, MD, WA, VT, RI; General Securities Representative; Investment Advisor Representative
NMLS#: 1377888
NMLS#: 1377888
About Aram Alex Khavari
Aram Khavari is a Senior Vice President, Portfolio Management Director, and Family Wealth Advisor with 29 years of industry experience. He joined Morgan Stanley in 2009 after working at UBS (formerly PaineWebber), which he joined in 2002, and beginning his career at Putnam Investments in 1997.
Aram provides comprehensive financial, investment, and planning solutions to multi-generational families, with a focus on growing and protecting assets and supporting the efficient transfer of wealth. While he serves a broad range of clients, his practice is particularly focused on the specialized needs of the medical community. Within the 207 Wealth Management Group, Aram leads portfolio construction and investment risk analysis.
Aram earned a B.A. in English Literature from the University of Vermont in 1995. Outside of the office, he enjoys skiing at Sugarloaf, performing live music with his local band, and spending time appreciating the endless beauty of Maine’s coast. Aram lives in downtown Bangor with his fiancé, Sarah, and their cat, Felix.
Aram provides comprehensive financial, investment, and planning solutions to multi-generational families, with a focus on growing and protecting assets and supporting the efficient transfer of wealth. While he serves a broad range of clients, his practice is particularly focused on the specialized needs of the medical community. Within the 207 Wealth Management Group, Aram leads portfolio construction and investment risk analysis.
Aram earned a B.A. in English Literature from the University of Vermont in 1995. Outside of the office, he enjoys skiing at Sugarloaf, performing live music with his local band, and spending time appreciating the endless beauty of Maine’s coast. Aram lives in downtown Bangor with his fiancé, Sarah, and their cat, Felix.
Securities Agent: OR, NV, NM, FL, OK, NH, NC, VT, TN, MN, CO, AZ, MI, CA, MO, WI, TX, KS, DC, CT, UT, NY, ME, LA, GA, MA, HI, AK, OH, NJ, MD, IN, IL, WY, WV, MT, KY, DE, AL, WA, VA, SC, RI, PA; General Securities Representative; Investment Advisor Representative
About Samantha L. Becker
Sam Becker is a First Vice President and Senior Portfolio Manager and has been in the financial services industry for more than 40 years. She joined Morgan Stanley in 2008 after working at UBS (formerly PaineWebber) and EF Hutton, beginning in 1985.
Sam focuses on providing investment, retirement, and financial planning solutions to families and individuals. Within the 207 Wealth Management Group, Sam helps clients strengthen their financial plans by aligning insurance strategies with what matters most—protecting income, supporting loved ones, and preserving long-term goals. She evaluates income protection, life insurance, and long-term care needs to help ensure coverage is appropriate for each client’s stage of life, responsibilities, and overall wealth strategy, so families can move forward with greater confidence.
Sam earned a B.S. in Accounting and Finance from the University of Maine in 1985. Outside of the office, Sam enjoys traveling with her husband and knitting treasured animal friends. She grew up in southern Maine and moved to the Bangor area in the mid-1990s. She now lives in Stockton Springs with her husband, Jon.
Sam focuses on providing investment, retirement, and financial planning solutions to families and individuals. Within the 207 Wealth Management Group, Sam helps clients strengthen their financial plans by aligning insurance strategies with what matters most—protecting income, supporting loved ones, and preserving long-term goals. She evaluates income protection, life insurance, and long-term care needs to help ensure coverage is appropriate for each client’s stage of life, responsibilities, and overall wealth strategy, so families can move forward with greater confidence.
Sam earned a B.S. in Accounting and Finance from the University of Maine in 1985. Outside of the office, Sam enjoys traveling with her husband and knitting treasured animal friends. She grew up in southern Maine and moved to the Bangor area in the mid-1990s. She now lives in Stockton Springs with her husband, Jon.
Securities Agent: MA, IL, SC, NY, IN, DE, RI, MT, AZ, MN, MI, KS, CT, AK, MO, UT, OR, OK, OH, NV, FL, WY, WV, VA, NM, ID, DC, CO, AL, WI, TX, PA, NH, NC, HI, GA, TN, ME, MD, CA, WA, NJ, LA, KY, VT; General Securities Representative; Investment Advisor Representative
About Marinna R. Robinson
• In the financial industry since 2007
• Graduate of The University of Maine with B.A. in Communications, Sciences and Disorders 2006
• Graduate of The University of Maine with B.A. in Communications, Sciences and Disorders 2006
About Melanie S. Bowen
• In the financial industry since 2019
• Graduate of Searsport High School 1997
• Graduate of Searsport High School 1997
About Alyssa L. Hume
• In the financial industry since 2022
• Graduate of Husson University with a B.S. in Business Administration, International Business 2023 (Summa Cum Laude)
• Graduate of Husson University with a B.S. in Business Administration, International Business 2023 (Summa Cum Laude)
Contact Jeffrey F. O'Sullivan
Contact Aram Alex Khavari
Contact Samantha L. Becker
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2024-2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2024-2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisors
2019-2025 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2019-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2
Wealth Management
Global Investment Office
Portfolio Insights
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
Article Image
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
Iran Conflict: Seven Takeaways for Investors
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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
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
Article Image
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
Ready to start a conversation? Contact 207 Wealth Management Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
4Morgan 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.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7When 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.
8Morgan 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.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Investors 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.
12Morgan 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.
13Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
14Municipal 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.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
4Morgan 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.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7When 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.
8Morgan 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.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Investors 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.
12Morgan 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.
13Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
14Municipal 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.
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
CRC 4665150 (8/2025)
