Senior Vice President, Wealth Management, Financial Advisor, Portfolio Manager
Phone:
(201) 712-4013(201) 712-4013
Arcola Summit Wealth Management Group at Morgan Stanley
Direct:
(201) 712-4000(201) 712-4000
Our Mission Statement
We are fully committed to putting you first and guiding you along your journey to achieve your financial goals.
Our Story and Services
At the Arcola Summit Wealth Management Group, we are a tightly knit team of experienced financial professionals with a diverse set of skills, knowledge and insights. We are committed to navigating you through the distractions of today’s markets, while strengthening your family’s financial security and generational wealth for years to come.
Over the years, we have cultivated specialized skills in financial planning, investment management and estate planning. We combine the global resources of Morgan Stanley with the intimate relationship you expect from a small investment boutique. Most importantly, we are passionately committed to educating you about important wealth management strategies to help enhance and preserve your hard earned assets. Clients are welcomed as part of our family. We are proud to celebrate milestones with our clients and their families.
During the creation and execution of your wealth management plan, we often coordinate with your other trusted advisors, such as your accountant and attorney. We access industry leading research and a vast array of world class wealth management products and services, all backed by a global powerhouse, Morgan Stanley. When you work with one of us, you get the resources of all of us.
Over the years, we have cultivated specialized skills in financial planning, investment management and estate planning. We combine the global resources of Morgan Stanley with the intimate relationship you expect from a small investment boutique. Most importantly, we are passionately committed to educating you about important wealth management strategies to help enhance and preserve your hard earned assets. Clients are welcomed as part of our family. We are proud to celebrate milestones with our clients and their families.
During the creation and execution of your wealth management plan, we often coordinate with your other trusted advisors, such as your accountant and attorney. We access industry leading research and a vast array of world class wealth management products and services, all backed by a global powerhouse, Morgan Stanley. When you work with one of us, you get the resources of all of us.
2023, 2025 Forbes Best-In-State Wealth Management Teams
- Source: Forbes.com (Awarded 2023, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Services Include
- Estate Planning StrategiesFootnote1
- Professional Portfolio ManagementFootnote2
- Retirement PlanningFootnote3
- Stock Option PlansFootnote4
- SyndicateFootnote5
- Trust ServicesFootnote6
- Wealth PlanningFootnote7
- Planning for Individuals with Special Needs
- Long Term Care InsuranceFootnote8
- LGBT+ Planning ServicesFootnote9
- 529 PlansFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Morgan Stanley Resources
At Morgan Stanley, we provide clients with easily digestible financial analysis from our market research experts. The links below provide further insight on the markets and economic landscape.
On the Markets
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
Latest On The Markets
The GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
Latest GIC Weekly Report
2022 Global Macro Outlook
The surge in global inflation has investors fretting about future growth, but Morgan Stanley economists say price surges will subside, making way for 4.7% global GDP growth in 2022. Here’s the view on the global economy.
Michael Wilson: Monthly Investment Perspectives Webcast
Chief Investment Officer Mike Wilson's monthly perspectives webcast.
4.00% Annual Percentage Yield Preferred Savings
Morgan Stanley clients with eligible brokerage accounts can earn 4.00% APY through deposits into our Preferred Savings Program for qualifying cash. Contact our team to learn more or click here for more details. Terms apply.
Digital Tools
In our fast moving world, technology has evolved to be a part of nearly every facet of our lives. We have been on the forefront of bringing technology to wealth management, leveraging the tools Morgan Stanley has to offer. Digital tools can make your life easier, show you risk where you might least expect it, keep you money safe, and more. Below are some examples:
Morgan Stanley Online
Seamlessly and securely manage your investments and everyday finances in one place. Have access to key information and the ability to make transfers and trades on Morgan Stanley Online (MSO) or the Morgan Stanley App.
Learn More
Total Wealth View
Managing multiple financial accounts across different firms can be complicated. With Morgan Stanley Online, you can link your non-Morgan Stanley accounts and analyze your cash flow all in one place.
Learn More
MS Reserved
Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. The program is designed to enhance your lifestyle and relationship with the firm beyond traditional wealth management services.
Learn More
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.
Learn MoreLocation
Mack Center Iv, S 61 Paramus Rd.
Paramus, NJ 07652
US
Direct:
(201) 712-4000(201) 712-4000
Meet Arcola Summit Wealth Management Group
Phone:
(201) 712-4023(201) 712-4023
Phone:
(201) 712-4097(201) 712-4097
Joan O'Connor
Client Service Associate
About Jonathan Chu
Jonathan Chu, Sr. Vice President CPWA® CRPC
Jonathan recently joined Morgan Stanley after a 15 year tenure at Merrill Lynch. He is a Senior Vice President, Financial Advisor, and Portfolio Manager, and holds the Chartered Retirement Planning Counselor (CRPC) and Certified Private Wealth Advisor (CPWA) designations. Jonathan is a graduate from Rutgers University with a Bachelor of Arts in Economics, and he has been named "America's Top Next-Generation Wealth Advisors" by Forbes in 2018 and 2019.
As a counselor to his clients, Jonathan provides insightful guidance as they navigate their journey to and through retirement. Jonathan strives to develop personal connections and views his clients as part of his own family. He assists with all aspects of their lives from providing direction for a business venture to helping source education funding. As a CPWA®, Jonathan takes particular pride in using his advanced knowledge of tax minimization, asset monetization and wealth transfer strategies to solve his high net worth clients’ most complicated challenges in asset management and estate planning.
Jonathan his wife and 2 boys live in Montclair, New Jersey and love the area. The family enjoys traveling, boating and spending time down the shore with his family.
2018 and 2019 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (2018 and 2019). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Jonathan recently joined Morgan Stanley after a 15 year tenure at Merrill Lynch. He is a Senior Vice President, Financial Advisor, and Portfolio Manager, and holds the Chartered Retirement Planning Counselor (CRPC) and Certified Private Wealth Advisor (CPWA) designations. Jonathan is a graduate from Rutgers University with a Bachelor of Arts in Economics, and he has been named "America's Top Next-Generation Wealth Advisors" by Forbes in 2018 and 2019.
As a counselor to his clients, Jonathan provides insightful guidance as they navigate their journey to and through retirement. Jonathan strives to develop personal connections and views his clients as part of his own family. He assists with all aspects of their lives from providing direction for a business venture to helping source education funding. As a CPWA®, Jonathan takes particular pride in using his advanced knowledge of tax minimization, asset monetization and wealth transfer strategies to solve his high net worth clients’ most complicated challenges in asset management and estate planning.
Jonathan his wife and 2 boys live in Montclair, New Jersey and love the area. The family enjoys traveling, boating and spending time down the shore with his family.
2018 and 2019 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (2018 and 2019). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Securities Agent: CO, HI, GA, CT, PA, NY, TN, MA, MD, CA, WA, TX, RI, OH, NC, FL, DC, SC, NH, DE, UT, NJ, IL, WY, VA, SD; General Securities Representative; Investment Advisor Representative
NMLS#: 577421
NMLS#: 577421
About Kenny W. Chang
Kenny Chang, Vice President
Kenny Chang is a Vice President and Portfolio Manager who recently joined the firm, with 9 years of experience in the Financial Services industry. Kenny holds the Certified Investment Management Analyst certification, administered by Investment Management Consultants Association and taught with The Yale School of Management.
Kenny’s goal is to make a positive impact on his clients’ lives. He enjoys helping people learn how to efficiently manage their finances so that they can feel empowered to design their futures as well as their families’ futures. He believes that as a financial advisor, he should be able to help a client with everything from opening a checking account to guiding a client through an initial public offering.
Kenny constructs individualized wealth management plans with unique asset allocations. He works with his clients to make individualized stock selections for his clients.
Kenny built his attention to detail and dedication to client service in the Military. Before starting his career as a financial advisor, Kenny served as a Payroll Accountant in the United States Navy. There, he helped sailors manage their pay and plan for their retirement. Kenny’s goal was to help his fellow shipmates and veterans secure their financial futures.
Later, as a Manager at Bank of America, he got to know the financial goals and worries of the wider civilian community. These experiences taught Kenny the satisfaction of educating and empowering his clients to lead financially responsible lives, as well as a deep appreciation for the trust his clients have in his ability to manage their savings.
Kenny graduated with BBA from the New Jersey Institute of Technology. Kenny is currently working towards an MBA at John Hopkins Carey Business School, and has completed his Certified Investment Management Analyst (CIMA®) examination after having completed the program at Yale University.
Kenny is a supporter of UNICEF, Animal Rescue, and a supporting member of Disabled American Veterans. He is and lives in River Edge, New Jersey.
Kenny Chang is a Vice President and Portfolio Manager who recently joined the firm, with 9 years of experience in the Financial Services industry. Kenny holds the Certified Investment Management Analyst certification, administered by Investment Management Consultants Association and taught with The Yale School of Management.
Kenny’s goal is to make a positive impact on his clients’ lives. He enjoys helping people learn how to efficiently manage their finances so that they can feel empowered to design their futures as well as their families’ futures. He believes that as a financial advisor, he should be able to help a client with everything from opening a checking account to guiding a client through an initial public offering.
Kenny constructs individualized wealth management plans with unique asset allocations. He works with his clients to make individualized stock selections for his clients.
Kenny built his attention to detail and dedication to client service in the Military. Before starting his career as a financial advisor, Kenny served as a Payroll Accountant in the United States Navy. There, he helped sailors manage their pay and plan for their retirement. Kenny’s goal was to help his fellow shipmates and veterans secure their financial futures.
Later, as a Manager at Bank of America, he got to know the financial goals and worries of the wider civilian community. These experiences taught Kenny the satisfaction of educating and empowering his clients to lead financially responsible lives, as well as a deep appreciation for the trust his clients have in his ability to manage their savings.
Kenny graduated with BBA from the New Jersey Institute of Technology. Kenny is currently working towards an MBA at John Hopkins Carey Business School, and has completed his Certified Investment Management Analyst (CIMA®) examination after having completed the program at Yale University.
Kenny is a supporter of UNICEF, Animal Rescue, and a supporting member of Disabled American Veterans. He is and lives in River Edge, New Jersey.
Securities Agent: TX, SD, NJ, MO, CO, WY, NH, IL, CA, ME, DC, MD, CT, AZ, RI, OH, DE, VA, UT, PA, VT, SC, MA, FL, TN, NY, NC, GA; General Securities Representative; Investment Advisor Representative
NMLS#: 1170688
NMLS#: 1170688
About Brian P Burke
Brian Burke, Financial Advisor
Brian recently joined Morgan Stanley from Wells Fargo Wealth Management. Prior to working in his current role, Brian was Vice President of Global Wealth Management/Portfolio Management at Wells Fargo. Brian dedicates himself to helping you achieve one of your most important life goals by working to provide the most professional financial services possible to fit your individual situation. He assists corporations, businesses, physicians, business owners, non-profit organizations, individuals, and families in the management of their financial affairs and wealth plans. He is also a qualified Portfolio Manager who, in addition to providing traditional advice and guidance, can help clients pursue their objectives by building and managing his own personalized or defined strategies, which may incorporate individual stocks and bonds, funds, and even derivatives and structured products.
Prior to Brian’s career in wealth management, he was a Managing Director at an Investment Banking firm where he oversaw the financial services M&A team. This experience puts Brian in the unique position to assist owners of family businesses or closely-held businesses on exploring transitions through passing it to next generation or exploring sale to outside entities.
Brian strives to help his clients capitalize on the opportunities available in the market place, having over 20 years of experience in the financial services industry.
Brian studied Finance at The Lubin School of Business at Pace University. He is an avid skier and golfer and is dedicated to coaching his daughters’ basketball teams. He also takes pleasure in traveling and spending time with his loved ones on the Jersey Shore.
Brian recently joined Morgan Stanley from Wells Fargo Wealth Management. Prior to working in his current role, Brian was Vice President of Global Wealth Management/Portfolio Management at Wells Fargo. Brian dedicates himself to helping you achieve one of your most important life goals by working to provide the most professional financial services possible to fit your individual situation. He assists corporations, businesses, physicians, business owners, non-profit organizations, individuals, and families in the management of their financial affairs and wealth plans. He is also a qualified Portfolio Manager who, in addition to providing traditional advice and guidance, can help clients pursue their objectives by building and managing his own personalized or defined strategies, which may incorporate individual stocks and bonds, funds, and even derivatives and structured products.
Prior to Brian’s career in wealth management, he was a Managing Director at an Investment Banking firm where he oversaw the financial services M&A team. This experience puts Brian in the unique position to assist owners of family businesses or closely-held businesses on exploring transitions through passing it to next generation or exploring sale to outside entities.
Brian strives to help his clients capitalize on the opportunities available in the market place, having over 20 years of experience in the financial services industry.
Brian studied Finance at The Lubin School of Business at Pace University. He is an avid skier and golfer and is dedicated to coaching his daughters’ basketball teams. He also takes pleasure in traveling and spending time with his loved ones on the Jersey Shore.
Securities Agent: DC, CA, CO, CT, DE, FL, GA, IL, MA, MD, ME, NC, NH, NJ, NY, OH, OK, PA, RI, SC, SD, TN, TX, UT, VA, VT, WY; General Securities Representative; Investment Advisor Representative
NMLS#: 890605
NMLS#: 890605
About Joan O'Connor
Joan O’Connor is a Client Service Associate. She has been in the industry since 1994. Joan is committed to providing clients a full service experience by assisting clients in day to day administration and problem resolution. Joan is dedicated to client service, with careful attention to detail for her work. Joan works closely with client’s other professional advisors and a team of specialist to help simplify clients’ complex financial lives. Joan is an integral part of her team’s approach to help build and enhance meaningful relationships with clients and their families. She is passionate about understanding each client’s unique story. Joan attended Berkley College of Business. She is lives in Dumont with her husband and two daughters.
Contact Jonathan Chu
Contact Kenny W. Chang
Contact Brian P Burke
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
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
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
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
Donor Advised Funds: A Smart Way to Manage Your Giving
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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 Arcola Summit Wealth Management Group today.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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.
4Morgan 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.
5Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
6Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
7Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
10Investors 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.
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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
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.
4Morgan 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.
5Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
6Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
7Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
10Investors 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.
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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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
CRC 6491812 (04/2024)
