Phone:
(503) 534-3469(503) 534-3469
45 North Wealth Management Group at Morgan Stanley
Don Zabudsky, CIMA®, CPWA®Carlos AraguasJohn LorenzDouglas StrandBradley E. HomeBrian Schuler, CFP®Jim NorthAlex Blank
Direct:
(503) 534-3427(503) 534-3427
Industry Award WinnerOur Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
Our Story and Services
As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
MANAGING YOUR MONEY IN THE 21ST CENTURY
Morgan Stanley offers a comprehensive suite of tools to manage your wealth more effectively in today's busy world. We are happy to assist you in signing up for any of those.
Morgan Stanley Online (MSO)
When you sign up for MSO, you can conveniently and securely manage your account online or on the mobile app.
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Morgan Stanley Ideas Podcast
Bringing you revealing stories about the world of business, finance, technology and beyond.
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Goals Planning System (GPS)
GPS is our financial planning software. It helps define what you want out of life, so we can create a financial framework to bring these goals to fruition.
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GIC Weekly Research Report
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
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Total Wealth View
Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access and convenient connectivity.
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On The Markets Research Report
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
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Online Security Center
At Morgan Stanley, safeguarding your assets and personal information is among our highest priorities. Learn about our security measures and use our resources and ideas to help protect yourself online.
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Thoughts on the Market Podcast
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends i the financial marketplace.
Click here to learn moreOur Services
Financial Planning
Your goals, assets, liabilities and other important information are gathered and analyzed. We then use our perspective and experience with other unique clients like you to make recommendations on spending, giving and living.
Wealth Management
We take a holistic approach to bring all aspects of your financial life together. We use our analysis and experience to develop a customized plan for you.
Retirement Planning
This is paramount in ensuring a successful retirement. We bring intense focus on this process. You have worked hard to get where you are. Now it is up to us to help you live the retirement you have always dreamed of.
Corporate Retirement Plans
We work with companies to develop and manage their corporate retirement plans. Let us bring our experience and resources to the table to take this burden off of you.
Business Succession Planning
A lot of thought and planning goes into a successful succession strategy. We can help you navigate the requirements of working with other professionals to achieve the results you want.
Asset Management
Based on your goals, assets, and input, we create an investment strategy tailored to your unique needs.
Business Planning
We can help you by sharing our experience in helping other business owners just like you. We have ideas and strategies to help grow or sell your business.
401(k) Rollovers
If you have a 401(k) from a previous job, we make it easy to consolidate your assets into one account so you can monitor your progress and investment results in one place. This helps simplify your financial life, keeps you organized and makes your money work harder for you.
AWARD-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
4800 Meadows Rd
Ste 400
Lake Oswego, OR 97035
US
Direct:
(503) 534-3427(503) 534-3427
Meet 45 North Wealth Management Group
Managing Director, Executive Financial Services Director, Senior Portfolio Management Director, Alternative Investments Director, Financial Advisor
Phone:
(503) 221-8708(503) 221-8708
Phone:
(503) 243-6918(503) 243-6918
Phone:
(503) 412-6331(503) 412-6331
Phone:
(503) 221-7635(503) 221-7635
Phone:
(503) 412-6329(503) 412-6329
Phone:
(503) 221-6262(503) 221-6262
Phone:
(503) 221-7642(503) 221-7642
Cindy Iseli
SB Portfolio Associate
Phone:
(503) 412-6339(503) 412-6339
Brady Suddendorf
Registered Client Service Associate
Phone:
(503) 221-8609(503) 221-8609
Paige A. Baggett
Client Service Associate
Phone:
(503) 534-3455(503) 534-3455
About Carlos Araguas
Carlos Araguas is the First Vice President of Morgan Stanley with the 45 North Wealth Management Group at Morgan Stanley, a team of 12 professionals within Morgan Stanley’s Wealth Management division based in Lake Oswego. With over 22 years of experience in the industry, Carlos focuses on helping clients navigate major life transitions, including the sale of a business, retirement, divorce, insurance planning, and estate planning strategies. By taking the time to understand each client’s complex financial needs, Carlos takes great pride in helping educate and navigate the often complicated world of finance.
Carlos takes a holistic financial planning approach to wealth management, aiming to understand each client’s full financial picture. He works closely with clients’ CPAs, attorneys, trusted family members and other dedicated professionals to help align financial strategies with their long-term goals and values. Through regular communication and a disciplined planning process, Carlos aims to help ensure that the clients’ goals, values, and vision are understood and ultimately aligned.
Prior to joining Morgan Stanley, Carlos was a Financial Advisor at Wells Fargo Advisors. He holds industry licenses and regularly participates in continuing education to stay involved on potential market developments and financial planning strategies.
Outside the office, Carlos enjoys spending time with his wife, their three children (with a fourth on the way), and their four French Bulldogs. He is passionate about travel, art, and watch collecting, and often spends weekends attending car events with his youngest son.
Disclosures:
Morgan Stanley Smith Barney LLC 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 http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
Carlos takes a holistic financial planning approach to wealth management, aiming to understand each client’s full financial picture. He works closely with clients’ CPAs, attorneys, trusted family members and other dedicated professionals to help align financial strategies with their long-term goals and values. Through regular communication and a disciplined planning process, Carlos aims to help ensure that the clients’ goals, values, and vision are understood and ultimately aligned.
Prior to joining Morgan Stanley, Carlos was a Financial Advisor at Wells Fargo Advisors. He holds industry licenses and regularly participates in continuing education to stay involved on potential market developments and financial planning strategies.
Outside the office, Carlos enjoys spending time with his wife, their three children (with a fourth on the way), and their four French Bulldogs. He is passionate about travel, art, and watch collecting, and often spends weekends attending car events with his youngest son.
Disclosures:
Morgan Stanley Smith Barney LLC 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 http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
Securities Agent: MT, GA, IN, IA, FL, AK, VT, VA, TX, PA, NJ, OR, NE, ND, MD, MA, SC, NC, CA, NM, ME, CT, AZ, TN, SD, NV, CO, AR, AL, MO, LA, WV, WA, OH, NH, KY, ID, DE, DC, WY, RI, NY, UT, MS, MN, MI, IL, WI, OK, HI, KS; General Securities Representative; Investment Advisor Representative
NMLS#: 2458677
NMLS#: 2458677
About Don Zabudsky
Depending on your situation there can be a lot riding on your investments: Your children’s education, a successful retirement, and the freedom to follow your dreams. That’s why it’s important to find a Financial Advisor with a comprehensive level of market knowledge and experience navigating many types of market conditions.
As a designated Senior Portfolio Management Director, Don is able to focus on building and managing investment portfolios that are tailored to help meet your goals. Since 1995, Don has worked with clients to build clear, thoughtful financial plans that are designed to help support their goals. As those plans are implemented, Don provides you access to a wide range of financial services backed by the resources of Morgan Stanley, including 401(K) rollovers, asset management, business planning, cash management, commodities, corporate retirement plans, education planning, endowments and foundations, estate planning strategies, exchange traded funds, executive financial services, institutional services, access to lending services, municipal bonds, professional portfolio management, retirement planning, and wealth management.
Don began his career in the financial services industry in 1995 with Dean Witter, after earning a Bachelor of Arts in Business Administration from Walla Walla University. He also earned his Certified Investment Management Analyst® (CIMA®) designation from the Investment Management Consultants Association through The Wharton School at the University of Pennsylvania. Don started with Morgan Stanley in 2009, and enjoyed a partnership with a Financial Advisor and municipal bond specialist until their retirement in 2017. He is a member of the Investment Management Consultants Association and serves on the Friends of Doernbecher Board.
Outside of work, Don enjoys traveling, playing basketball, boating, and family outings with his wife, Erica, his three boys and their big, friendly, furry Bernese Mountain Dog.
Disclosures:
The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
"Morgan 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"
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.
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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
As a designated Senior Portfolio Management Director, Don is able to focus on building and managing investment portfolios that are tailored to help meet your goals. Since 1995, Don has worked with clients to build clear, thoughtful financial plans that are designed to help support their goals. As those plans are implemented, Don provides you access to a wide range of financial services backed by the resources of Morgan Stanley, including 401(K) rollovers, asset management, business planning, cash management, commodities, corporate retirement plans, education planning, endowments and foundations, estate planning strategies, exchange traded funds, executive financial services, institutional services, access to lending services, municipal bonds, professional portfolio management, retirement planning, and wealth management.
Don began his career in the financial services industry in 1995 with Dean Witter, after earning a Bachelor of Arts in Business Administration from Walla Walla University. He also earned his Certified Investment Management Analyst® (CIMA®) designation from the Investment Management Consultants Association through The Wharton School at the University of Pennsylvania. Don started with Morgan Stanley in 2009, and enjoyed a partnership with a Financial Advisor and municipal bond specialist until their retirement in 2017. He is a member of the Investment Management Consultants Association and serves on the Friends of Doernbecher Board.
Outside of work, Don enjoys traveling, playing basketball, boating, and family outings with his wife, Erica, his three boys and their big, friendly, furry Bernese Mountain Dog.
Disclosures:
The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
"Morgan 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"
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.
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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
Securities Agent: RI, CO, WI, MD, KY, AL, VT, UT, MS, GA, WV, NM, MT, IL, IA, CA, AZ, OR, OK, NJ, MO, ME, LA, IN, MN, ID, DE, DC, CT, WA, TX, TN, SD, SC, NY, NH, MA, AK, HI, PA, OH, KS, AR, WY, NV, VA, NE, ND, NC, MI, FL; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1261845
CA Insurance License #: 0L50264
NMLS#: 1261845
CA Insurance License #: 0L50264
About John Lorenz
John is a Senior Vice President with the 45 North Wealth Management Group at Morgan Stanley. He prides himself on the personal relationships he has fostered with clients over the last 35 years and derives great satisfaction from helping them plan, pursue, and strive to achieve their financial goals.
After earning his bachelor’s degree in Business from Oregon State University, John began his career in the financial services industry at Shearson/American Express and then went on to work at Smith Barney. John joined Morgan Stanley in 2009, when the two firms merged.
Along with their decades of experience helping clients navigate the ups and downs of life, John is proud that his team now also offers clients new ideas and perspectives brought by its two younger members, Brian Schuler and Alex Blank.
John has been married for nearly 40 years to his wife, Diane Lorenz. The couple takes great pleasure in spending time with family, including their five grandchildren, and enjoying the outdoors, golfing, biking, skiing and fly-fishing. Outside of the office, John is also active with the Oregon State University Foundation and the OSU School of Business in a mentorship role.
After earning his bachelor’s degree in Business from Oregon State University, John began his career in the financial services industry at Shearson/American Express and then went on to work at Smith Barney. John joined Morgan Stanley in 2009, when the two firms merged.
Along with their decades of experience helping clients navigate the ups and downs of life, John is proud that his team now also offers clients new ideas and perspectives brought by its two younger members, Brian Schuler and Alex Blank.
John has been married for nearly 40 years to his wife, Diane Lorenz. The couple takes great pleasure in spending time with family, including their five grandchildren, and enjoying the outdoors, golfing, biking, skiing and fly-fishing. Outside of the office, John is also active with the Oregon State University Foundation and the OSU School of Business in a mentorship role.
Securities Agent: IA, IN, WV, LA, ME, WY, NJ, MO, ND, NH, KY, NM, PR, MT, WA, NE, VA, UT, PA, NC, WI, NY, TX, OR, OH, MA, MI, KS, MN, OK, ID, CA, DC, IL, CO, AL, MD, AZ, GA, HI, FL, MS, CT, AK, RI, SC, SD, TN, VT, AR, VI, DE, NV; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1395651
NMLS#: 1395651
About Douglas Strand
Doug is a Senior Vice President and Financial Advisor with The 45 North Wealth Management Group in Portland, Oregon. He is a third-generation financial advisor following in the footsteps of his father and grandfather. Doug began his career with Blakely, Strand, and Williams—a local Portland brokerage firm that his grandfather started in 1929—and after the business was sold in 2009, Doug joined Morgan Stanley. He prides himself on having served multiple generations of clients. With 30 years of experience in equity and fixed-income markets, Doug has extensive knowledge in building municipal bond portfolios and total return investments.
Doug graduated from the University of Oregon with a degree in Business Management. He has been married to his wife, Kim, for 37 years, and they have 2 grown sons, Charlie and Henry. Doug and Kim split their time between Portland and Sun Valley, Idaho. In their spare time, Doug volunteers for Higher Ground and Kim with the Oregon Humane Society. Out of the office, Doug enjoys skiing, golfing, snow shoeing and fly fishing.
Doug graduated from the University of Oregon with a degree in Business Management. He has been married to his wife, Kim, for 37 years, and they have 2 grown sons, Charlie and Henry. Doug and Kim split their time between Portland and Sun Valley, Idaho. In their spare time, Doug volunteers for Higher Ground and Kim with the Oregon Humane Society. Out of the office, Doug enjoys skiing, golfing, snow shoeing and fly fishing.
Securities Agent: RI, IA, WA, UT, NY, AL, OK, NV, MD, HI, CT, VA, NC, ME, IN, DE, OH, MS, LA, PA, OR, KS, AK, WY, WI, TN, KY, FL, CA, AZ, WV, NM, NJ, MO, MN, ID, AR, VT, SC, NH, MI, MA, IL, DC, CO, ND, MT, GA, TX, SD, NE; General Securities Representative; Investment Advisor Representative
NMLS#: 1262141
NMLS#: 1262141
About Bradley E. Home
As a Senior Vice President and Financial Advisor with The 45 North Wealth Management Group at Morgan Stanley, Brad prides himself on seeking to provide his clients with unrivaled customer service and guidance toward helping clients achieve their financial goals. In addition to his team’s collective years of experience, Brad also attributes their success to keeping investment choices simple for their clients and to the competency of their entire staff.
Brad learned the importance of putting customers first as a young boy, working for his family’s women’s shoe business. A graduate of the University of Oregon, he was introduced to the financial industry through his father-in-law and quickly saw it matched his interest in advising and working one-on-one with clients. Brad began his career in 1983 at Merrill Lynch, where he stayed until 2001, when he left to join Smith Barney.
A lifelong Lake Oswego resident, Brad is dedicated to his community and the people who live there. He loves living in the Pacific Northwest with his wife of 42 years, Kate, and spends his free time engaging in Oregon duck sports, traveling, and visiting with his three children and four grandchildren.
Brad learned the importance of putting customers first as a young boy, working for his family’s women’s shoe business. A graduate of the University of Oregon, he was introduced to the financial industry through his father-in-law and quickly saw it matched his interest in advising and working one-on-one with clients. Brad began his career in 1983 at Merrill Lynch, where he stayed until 2001, when he left to join Smith Barney.
A lifelong Lake Oswego resident, Brad is dedicated to his community and the people who live there. He loves living in the Pacific Northwest with his wife of 42 years, Kate, and spends his free time engaging in Oregon duck sports, traveling, and visiting with his three children and four grandchildren.
Securities Agent: NY, AK, MS, MA, AL, TN, NH, NC, MN, LA, GA, DE, CT, SD, OH, ND, MD, KS, IN, WY, UT, RI, OR, DC, CO, NM, MI, KY, AZ, VT, WV, NV, NJ, IL, HI, VA, TX, OK, MT, CA, WI, WA, PA, MO, ME, FL, SC, NE, ID, IA, AR; General Securities Representative; Investment Advisor Representative
NMLS#: 1454870
NMLS#: 1454870
About Brian Schuler
There’s a lot riding on your investments. That’s why, for Brian the most enjoyable aspect of being a Certified Financial Planner and Senior Portfolio Manager, is helping clients navigate some of their most personal, critical, and challenging aspects of their lives.
As a former member of the U.S. Army and a graduate of West Point and the Army’s Ranger School, Brian advocates planning for the best-case scenario while preparing for the worst. He believes, life rarely goes precisely as we expect, thus the purpose of planning is to identify goals and objectives and to develop a framework for achieving them. Establishing a framework requires considering risks, evaluating alternative paths, and identifying contingencies ahead of time. Such preparation enhances decision-making and ultimately improves outcomes when changes inevitably arise.
As we implement your plan, Brian provides you with a wide range of financial services, including, asset management, investment tax management, 401(K) rollovers, business planning, cash management, corporate retirement plans, education planning, estate planning strategies, endowments and foundations, exchange traded funds, executive financial services, institutional services, access to lending services, municipal bonds, professional portfolio management, retirement planning, and wealth management.
Following his career in the Army, Brian earned a master’s degree in business administration at the University of Maryland in 1999. He then moved to Oregon, to become a finance business analyst with Intel. He began a career in the financial services industry in 2002, with Strand, Atkinson, Williams, & York, and earned his CFP® designation in 2006. He later joined Morgan Stanley in 2008 along with his colleagues John York and Doug Strand.
Brian has been married for 31 years to his wife, Delyn, who is also a graduate of West Point and is currently an emergency trauma nurse at PeaceHealth hospital in Vancouver, WA. When not at work, he enjoys running, hiking, skiing and golf. With their children, Heidi and John, grown and out of the house, their 5-year-old Cockapoo, Ranger, he says, is now in charge.
As a former member of the U.S. Army and a graduate of West Point and the Army’s Ranger School, Brian advocates planning for the best-case scenario while preparing for the worst. He believes, life rarely goes precisely as we expect, thus the purpose of planning is to identify goals and objectives and to develop a framework for achieving them. Establishing a framework requires considering risks, evaluating alternative paths, and identifying contingencies ahead of time. Such preparation enhances decision-making and ultimately improves outcomes when changes inevitably arise.
As we implement your plan, Brian provides you with a wide range of financial services, including, asset management, investment tax management, 401(K) rollovers, business planning, cash management, corporate retirement plans, education planning, estate planning strategies, endowments and foundations, exchange traded funds, executive financial services, institutional services, access to lending services, municipal bonds, professional portfolio management, retirement planning, and wealth management.
Following his career in the Army, Brian earned a master’s degree in business administration at the University of Maryland in 1999. He then moved to Oregon, to become a finance business analyst with Intel. He began a career in the financial services industry in 2002, with Strand, Atkinson, Williams, & York, and earned his CFP® designation in 2006. He later joined Morgan Stanley in 2008 along with his colleagues John York and Doug Strand.
Brian has been married for 31 years to his wife, Delyn, who is also a graduate of West Point and is currently an emergency trauma nurse at PeaceHealth hospital in Vancouver, WA. When not at work, he enjoys running, hiking, skiing and golf. With their children, Heidi and John, grown and out of the house, their 5-year-old Cockapoo, Ranger, he says, is now in charge.
Securities Agent: CA, MO, IL, VA, OH, MS, LA, CO, AZ, WV, NM, NC, HI, CT, AR, AL, WA, NE, MI, GA, FL, VT, TN, NJ, KS, RI, NH, MT, MN, ME, WY, SD, SC, OR, OK, NV, MD, IA, DC, PA, NY, KY, IN, AK, WI, MA, ID, DE, UT, TX, ND; General Securities Representative; Investment Advisor Representative
NMLS#: 1261814
NMLS#: 1261814
About Jim North
As a Vice President and Financial Advisor with The 45 North Wealth Management Group at Morgan Stanley, Jim enjoys engaging with his clients and seeing how his team’s advice has a positive impact across several generations of family lives. Jim has over 27 years of experience at Morgan Stanley.
Jim is an MBA graduate of the University of Texas at Austin where he was President of the Graduate Business council.
Financial and Estate planning for successful families is a focus for him and his team. This objective is completed prior to them assembling an investment portfolio that best achieves their financial objectives as well as their life goals. He feels that advisors must also understand the risk tolerance of their clients before initially making recommendations on an investment portfolio so that they can best endure market volatility and unexpected events during their lifetime.
He has been married to his wife, Judy, for over 35 years. She has worked in commercial real estate development as well as successful nonprofits. For recreation he enjoys classic cars, flying, scuba diving, golf and tennis.
Securities Agent: OR, AZ, TX, CA, WA, FL, DC, SC, UT, NV, NM, MA
General Securities Representative, Investment Advisor Representative, NMLS # 1380670
Jim is an MBA graduate of the University of Texas at Austin where he was President of the Graduate Business council.
Financial and Estate planning for successful families is a focus for him and his team. This objective is completed prior to them assembling an investment portfolio that best achieves their financial objectives as well as their life goals. He feels that advisors must also understand the risk tolerance of their clients before initially making recommendations on an investment portfolio so that they can best endure market volatility and unexpected events during their lifetime.
He has been married to his wife, Judy, for over 35 years. She has worked in commercial real estate development as well as successful nonprofits. For recreation he enjoys classic cars, flying, scuba diving, golf and tennis.
Securities Agent: OR, AZ, TX, CA, WA, FL, DC, SC, UT, NV, NM, MA
General Securities Representative, Investment Advisor Representative, NMLS # 1380670
Securities Agent: ID, OH, WI, TN, SC, NC, MN, NM, NJ, MI, KY, IN, AL, AK, PA, OK, MS, HI, FL, TX, NE, MT, MO, ME, VT, VI, RI, OR, MD, GA, AR, WY, WV, WA, VA, NV, ND, KS, IA, DC, CT, CO, NY, NH, IL, DE, CA, PR, MA, AZ, UT, SD, LA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1380670
NMLS#: 1380670
About Alex Blank
Alex Blank began his financial career at Wells Fargo in 2008, shortly after graduating from the University of Oregon. In 2013, he made the jump to Morgan Stanley, getting his start in the San Francisco Complex where he worked on the Capital Markets Fixed Income Desk and specialized in municipal bond sales. He later moved back to Portland to join the Oregon Complex Management team, where he served in several roles as the Business Development Manager, Associate Complex Manager and his current role as the Producing Branch Manager for the Lake Oswego office. Alex is proud to bring his unique experience to The 45 North Wealth Management Group, utilizing his extensive knowledge of wealth management and retirement planning solutions to best serve his clients.
Being on a father and son team, Alex believes The 45 North Wealth Management Group offers their clients a special service platform. From one family to another, they truly relate to their clients and focus on developing holistic wealth management plans that encompass every aspect of not only the client’s life, but also their family’s lives as well. From a young age, Alex knew he wanted to join his father’s wealth management practice. They share a strong passion for service and he felt it was the perfect place for him to use his experience to improve the lives of others.
In his free time he enjoys running, cycling and hiking throughout the Pacific Northwest. At home, he enjoys quality time with his loving wife Natasha and his young son Wyatt.
Being on a father and son team, Alex believes The 45 North Wealth Management Group offers their clients a special service platform. From one family to another, they truly relate to their clients and focus on developing holistic wealth management plans that encompass every aspect of not only the client’s life, but also their family’s lives as well. From a young age, Alex knew he wanted to join his father’s wealth management practice. They share a strong passion for service and he felt it was the perfect place for him to use his experience to improve the lives of others.
In his free time he enjoys running, cycling and hiking throughout the Pacific Northwest. At home, he enjoys quality time with his loving wife Natasha and his young son Wyatt.
Securities Agent: NH, NE, NY, VA, SD, WI, WY, MS, FL, KY, WV, ID, WA, VT, VI, UT, TX, TN, SC, RI, PR, PA, OR, OK, OH, NV, NM, NJ, ND, NC, MT, MO, MN, MI, ME, MD, MA, LA, KS, IN, IL, IA, HI, GA, DE, DC, CT, CO, CA, AZ, AR, AL, AK; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 433603
NMLS#: 433603
About Brady Suddendorf
Brady joined Morgan Stanley in 2022, bringing with him a strong background in client service and operational support.
As a Registered Client Service Associate, Brady plays a pivotal role in delivering a seamless client experience, assisting with trading, portfolio maintenance, client performance reports, and day-to-day account activities.
Brady is an Ohio native and received his Bachelor of Arts in Finance and Entrepreneurship, from the University of Cincinnati where he graduated cum laude.
Outside of work, Brady enjoys reading, playing sports, traveling, and spending quality time with his fiancé, friends and family.
As a Registered Client Service Associate, Brady plays a pivotal role in delivering a seamless client experience, assisting with trading, portfolio maintenance, client performance reports, and day-to-day account activities.
Brady is an Ohio native and received his Bachelor of Arts in Finance and Entrepreneurship, from the University of Cincinnati where he graduated cum laude.
Outside of work, Brady enjoys reading, playing sports, traveling, and spending quality time with his fiancé, friends and family.
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Awards and Recognition
Forbes Best-In-State Wealth Management Teams
Forbes Best-In-State Wealth Management Teams Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24.
Wealth Management
Global Investment Office
Portfolio Insights
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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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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
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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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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
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.
Ready to start a conversation? Contact 45 North Wealth Management Group today.
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.
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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
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.
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.
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.
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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
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.
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.
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.
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