Jeff Swartz
Managing Director, Market Manager, PWM Regional Manager
Phone:
(617) 478-6402(617) 478-6402
Morgan Stanley
Boston PWM Branch Office
You define success, we help you achieve it
28 State Street
34th Floor
Boston, MA 02109
US
Branch:
(617) 478-6400(617) 478-6400
Toll-Free:
(800) 829-9199(800) 829-9199
Branch Manager
Jeff SwartzPhone:
(617) 478-6402(617) 478-6402
About Morgan Stanley Boston PWM Branch
Welcome to Morgan Stanley Private Wealth Management’s Boston Office, a dedicated team of experienced professionals who focus exclusively on the Ultra High Net Worth client. Founded on a culture of excellence and driven by global insight, PWM is devoted to helping clients preserve and grow their financial, family and social capital.
Our Boston office supports an exceptional group of highly accomplished Private Wealth Advisors. These experienced professionals combine their talents with the vast global resources of Morgan Stanley to help their clients protect and grow their assets, manage their financial lives, pursue their personal and professional ambitions and secure meaningful multigenerational legacies. Every member of our team is aligned behind these efforts, helping to deliver an exceptional level of personalized service and provide connectivity to whatever talent and resources are needed to help our clients realize their visions of successful lives.
PWM DIFFERENTIATORS
Morgan Stanley’s Alternative Platform offers ≈200 carefully vetted funds, spanning nearly all alternative categories.1 75% of new offerings are first look or exclusive,2 and we offer customized structures to help meet specific needs. With 45 years of experience and $190 billion in client assets invested, we stand as the industry leader.
1. Morgan Stanley Wealth Management Alternative Investments Group. As of March 31, 2024.
2. Morgan Stanley Wealth Management Alternative Investments Group. As of December 31, 2023. For Qualified Purchaser offerings available broadly on the platform, including proprietary funds (excludes democratized funds.
Morgan Stanley Private Markets has the resources reputation and relationship to connect private market participants to vast opportunities across asset classes, industries, investment stages and geographies.
Outsourced CIO Programs provide comprehensive, full-service discretionary investment management programs tailored to the specific needs and requirements of each client.
Morgan Stanley Shareworks is an intuitive digital solution that simplifies cap table management and provides a unified, real-time view for all stakeholders. Our industry-leading offering serves more than 6.5 million participants at 3,100+ public and private companies in nearly 180 countries.
The ALADDIN Risk Management Platform, powered by Blackrock, provides sophisticated risk analytics and a view of returns across portfolios held at Morgan Stanley and at other financial institutions. We are the first in the industry to apply these analytics to a client’s entire portfolio.
Morgan Stanley Family Office offers an extensive variety of institutional-level investment and operations services to supplement the capabilities of single- and multi-family offices.
Morgan Stanley Client Experiences include exclusive sporting and cultural events and high-level educational and networking opportunities for entrepreneurs, NextGen, women and other segments.
Let’s start the conversation:
We welcome inquiries from those seeking professional financial advice and are always happy to discuss your needs and provide introductions to a suitable Private Wealth Advisor. We are equally interested in speaking with accomplished Advisors who share our unwavering commitment to integrity and dedication to the success of our clients. To begin that conversation, please contact us.
Our Boston office supports an exceptional group of highly accomplished Private Wealth Advisors. These experienced professionals combine their talents with the vast global resources of Morgan Stanley to help their clients protect and grow their assets, manage their financial lives, pursue their personal and professional ambitions and secure meaningful multigenerational legacies. Every member of our team is aligned behind these efforts, helping to deliver an exceptional level of personalized service and provide connectivity to whatever talent and resources are needed to help our clients realize their visions of successful lives.
PWM DIFFERENTIATORS
Morgan Stanley’s Alternative Platform offers ≈200 carefully vetted funds, spanning nearly all alternative categories.1 75% of new offerings are first look or exclusive,2 and we offer customized structures to help meet specific needs. With 45 years of experience and $190 billion in client assets invested, we stand as the industry leader.
1. Morgan Stanley Wealth Management Alternative Investments Group. As of March 31, 2024.
2. Morgan Stanley Wealth Management Alternative Investments Group. As of December 31, 2023. For Qualified Purchaser offerings available broadly on the platform, including proprietary funds (excludes democratized funds.
Morgan Stanley Private Markets has the resources reputation and relationship to connect private market participants to vast opportunities across asset classes, industries, investment stages and geographies.
Outsourced CIO Programs provide comprehensive, full-service discretionary investment management programs tailored to the specific needs and requirements of each client.
Morgan Stanley Shareworks is an intuitive digital solution that simplifies cap table management and provides a unified, real-time view for all stakeholders. Our industry-leading offering serves more than 6.5 million participants at 3,100+ public and private companies in nearly 180 countries.
The ALADDIN Risk Management Platform, powered by Blackrock, provides sophisticated risk analytics and a view of returns across portfolios held at Morgan Stanley and at other financial institutions. We are the first in the industry to apply these analytics to a client’s entire portfolio.
Morgan Stanley Family Office offers an extensive variety of institutional-level investment and operations services to supplement the capabilities of single- and multi-family offices.
Morgan Stanley Client Experiences include exclusive sporting and cultural events and high-level educational and networking opportunities for entrepreneurs, NextGen, women and other segments.
Let’s start the conversation:
We welcome inquiries from those seeking professional financial advice and are always happy to discuss your needs and provide introductions to a suitable Private Wealth Advisor. We are equally interested in speaking with accomplished Advisors who share our unwavering commitment to integrity and dedication to the success of our clients. To begin that conversation, please contact us.
Services Provided
- Retirement PlanningFootnote1
- Saving for CollegeFootnote2
- Business Strategies
- Maintaining Cash Flow
- Long-term Healthcare
- Traditional Investments
- Alternative InvestmentsFootnote3
- Insurance ServicesFootnote4
- Investing with ImpactFootnote5
- Legacy PlanningFootnote6
- Succession PlanningFootnote7
- Family Wealth Summary
- Family Mission Statements
- Next Generation EducationFootnote8
- Lending SolutionsFootnote9
- Home Loan Solutions
- Cash Management SolutionsFootnote10
Our Team at Morgan Stanley Boston PWM Branch
Mark Caprio
First Vice President, Business Service Officer
Phone:
(617) 589-3447(617) 589-3447
Ryan O'Malley
First Vice President, Risk Officer
Phone:
(617) 478-6455(617) 478-6455
Edward Andrews
Vice President, Business Service Officer
Phone:
(617) 478-6407(617) 478-6407
Anna T. O'Neal
Assistant Vice President, Senior Market Administrator
Phone:
(617) 589-3428(617) 589-3428
About Jeff Swartz
Having spent his entire 35-year professional career at Morgan Stanley, Jeff Swartz brings an experienced perspective and an extensive network to his role as Market Manager of the New England Region of Morgan Stanley Private Wealth Management.
As leader of one of the firm’s most dynamic and entrepreneurial markets, Jeff focuses on finding top-tier talent, supporting them when they need it, giving them the tools and opportunities to improve their skills and performance, then creating a healthy environment for them to succeed. As a former producer, Jeff has a unique perspective on how to support Advisors in delivering an outstanding private wealth experience. He prides himself on serving as a dedicated advocate for Private Wealth teams and their clients within the firm and beyond, and works to promote a culture of respect, teamwork and mutual success.
Prior to his current position, Jeff rose through a series of regional management positions in the Midwest and served as the Chief Operating Officer for Wealth Management at Morgan Stanley’s New York Headquarters. A native of the Boston area, Jeff earned a B.S. in business administration from the University of New Hampshire.
Jeff and his wife, Heather, live in Boston. Outside of work, Jeff is involved with The Women’s Edge and Hebrew Senior Life.
As leader of one of the firm’s most dynamic and entrepreneurial markets, Jeff focuses on finding top-tier talent, supporting them when they need it, giving them the tools and opportunities to improve their skills and performance, then creating a healthy environment for them to succeed. As a former producer, Jeff has a unique perspective on how to support Advisors in delivering an outstanding private wealth experience. He prides himself on serving as a dedicated advocate for Private Wealth teams and their clients within the firm and beyond, and works to promote a culture of respect, teamwork and mutual success.
Prior to his current position, Jeff rose through a series of regional management positions in the Midwest and served as the Chief Operating Officer for Wealth Management at Morgan Stanley’s New York Headquarters. A native of the Boston area, Jeff earned a B.S. in business administration from the University of New Hampshire.
Jeff and his wife, Heather, live in Boston. Outside of work, Jeff is involved with The Women’s Edge and Hebrew Senior Life.
About Mark Caprio
Bringing over a decade of financial service industry experience to his role as Business Service Officer, Mark Caprio is responsible for the supervision and management of support professionals and the execution of business and service functions of the Boston Private Wealth Management office. Among his many duties, Mark is charged with recruiting and developing the talents of operational professionals and supports the branch’s advisory teams in finding solutions to complex service requests.
Mark graduated from Providence College with a B.S. in finance, and went on to earn an M.S. in finance and MBA, concentrating in technological entrepreneurship, from Northeastern University. He began his professional career at Merrill Lynch, where he spent 8 years progressing from Investment Center Team Manager to Senior Digital Associate. He joined Morgan Stanley in 2022, and was promoted into his current role in 2024.
Mark resides in his hometown of Cranston, Rhode Island, with his wife, Lauren, and their corgi, Lily. When not at work, he enjoys gardening, travelling and rooting for the Providence Friars’ basketball team.
Mark graduated from Providence College with a B.S. in finance, and went on to earn an M.S. in finance and MBA, concentrating in technological entrepreneurship, from Northeastern University. He began his professional career at Merrill Lynch, where he spent 8 years progressing from Investment Center Team Manager to Senior Digital Associate. He joined Morgan Stanley in 2022, and was promoted into his current role in 2024.
Mark resides in his hometown of Cranston, Rhode Island, with his wife, Lauren, and their corgi, Lily. When not at work, he enjoys gardening, travelling and rooting for the Providence Friars’ basketball team.
About Ryan O'Malley
Ryan O’Malley brings over a decade of operational and risk management experience to work as a Risk Officer for the Boston Private Wealth Management Market. In that role, Ryan leads efforts to safeguard the organization's assets, reputation and ability to meet its strategic objectives.
Ryan joined Morgan Stanley in 2014, spending four years as an Operations Associate before transitioning to his current position. He has extensive experience in branch supervision and compliance, all of which now help him to best serve Private Wealth Advisors and clients with a solutions-based approach. Ryan graduated from Boston College where he majored in economics and minored in history.
An avid soccer fan, Ryan enjoys spending time with his wife, Katie, and their three children, Owen, Sullivan and Collins.
Ryan joined Morgan Stanley in 2014, spending four years as an Operations Associate before transitioning to his current position. He has extensive experience in branch supervision and compliance, all of which now help him to best serve Private Wealth Advisors and clients with a solutions-based approach. Ryan graduated from Boston College where he majored in economics and minored in history.
An avid soccer fan, Ryan enjoys spending time with his wife, Katie, and their three children, Owen, Sullivan and Collins.
About Edward Andrews
Drawing on the experience he has gained over his 25-year management career at Morgan Stanley Wealth Management, Eddie Andrews assists the Boston Market’s Advisory teams and support staff in delivering an outstanding service experience to their clients. Among his many responsibilities, Eddie is charged with hiring highly qualified staff, helping them grow in their careers and perform effectively within their teams. He works closely with those teams to deliver prompt and effective solutions when issues arise.
Born and raised in Watertown, Eddie now lives with his wife and daughter in Waltham, Massachusetts. He is an active volunteer in his church and local YMCA.
Born and raised in Watertown, Eddie now lives with his wife and daughter in Waltham, Massachusetts. He is an active volunteer in his church and local YMCA.
About Anna T. O'Neal
Drawing on two decades of diverse financial services industry experiences, Anna O’Neal oversees comprehensive support services for all members of Morgan Stanley Private Wealth Management’s Boston Market. Anna is principally responsible for maintaining the highest standards of operational and administrative excellence, freeing Private Wealth Advisors and their teams to focus on the needs of their clients. In doing so, she enhances each team's ability to deliver high-quality, client-focused services, ultimately benefiting clients through improved service efficiency, communication, and engagement.
Anna graduated from Hobart and William Smith Colleges, where she earned a B.A. in media studies and a minor in political science. She joined Morgan Stanley in 2006, initially serving as a Market Administrator. Following a brief hiatus in 2018, during which she engaged in international volunteer work and pursued a degree in museum studies, Anna reconnected with Morgan Stanley in 2020, rejoining the administrative team and was recently promoted to the role of Senior Market Administrator.
She is an active volunteer with the Boys and Girls Club of Boston and the Massachusetts SPCA and resides in Somerville, MA.
Anna graduated from Hobart and William Smith Colleges, where she earned a B.A. in media studies and a minor in political science. She joined Morgan Stanley in 2006, initially serving as a Market Administrator. Following a brief hiatus in 2018, during which she engaged in international volunteer work and pursued a degree in museum studies, Anna reconnected with Morgan Stanley in 2020, rejoining the administrative team and was recently promoted to the role of Senior Market Administrator.
She is an active volunteer with the Boys and Girls Club of Boston and the Massachusetts SPCA and resides in Somerville, MA.
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Branch Address
28 State Street
34th Floor
Boston, MA 02109
US
Branch:
(617) 478-6400(617) 478-6400
Toll-Free:
(800) 829-9199(800) 829-9199
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Jessica Birkins
Private Banker
Victor Diune
Family Office Resource Generalist
About Jessica Birkins
Jessica Birkins is a Private Banker serving Morgan Stanley Wealth Management offices in Massachusetts.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Jessica began her career in financial services in 2010, and joined Morgan Stanley in 2017 as a Associate Private Banker. Prior to joining the firm, she was a Team Leader and Internal Wholesaler at Eaton Vance.
Jessica is a graduate of the Connecticut College, where she received a Bachelor of Arts in Economics. She lives in Scituate, Massachusetts with her family. Outside of the office, Jessica enjoys spending time with her family, running, and reading.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Jessica began her career in financial services in 2010, and joined Morgan Stanley in 2017 as a Associate Private Banker. Prior to joining the firm, she was a Team Leader and Internal Wholesaler at Eaton Vance.
Jessica is a graduate of the Connecticut College, where she received a Bachelor of Arts in Economics. She lives in Scituate, Massachusetts with her family. Outside of the office, Jessica enjoys spending time with her family, running, and reading.
NMLS#: 1699963
About Victor Diune
Victor Diune is a Family Office Resources Generalist for Morgan Stanley’s Family Office Resources, covering the Northeast Region. In this capacity, Victor provides specialized expertise to Financial Advisors and their UHNW clients across a broad range of family wealth management issues including; family governance and wealth education, strategic estate and financial planning, philanthropy management and lifestyle advisory. Victor has over 20 years of experience advising wealthy families, business owners, and their children.
Victor has spent the last 22 years at Bank of America/Merrill Lynch. Most recently, he was a Director, Wealth Strategist, working with Merrill Private Wealth Advisors and Financial Advisors, along with their UHNW clients advising them on estate and legacy planning, wealth transfer strategies and philanthropic planning. He was also responsible for developing, consulting and implementing business succession plans as well as providing advice on fiduciary investment management and tax reduction strategies.
Victor received a Bachelor of Arts degree in Political Science from University of Illinois in Urbana-Champaign, received his JD/MBA degree from Suffolk University Law School/Sawyer School of Management, and his LLM in Tax from Boston University School of Law. He holds a Series 7 and 66 securities licenses. He currently lives in Hopkinton, MA with his wife and their 4 children.
Victor has spent the last 22 years at Bank of America/Merrill Lynch. Most recently, he was a Director, Wealth Strategist, working with Merrill Private Wealth Advisors and Financial Advisors, along with their UHNW clients advising them on estate and legacy planning, wealth transfer strategies and philanthropic planning. He was also responsible for developing, consulting and implementing business succession plans as well as providing advice on fiduciary investment management and tax reduction strategies.
Victor received a Bachelor of Arts degree in Political Science from University of Illinois in Urbana-Champaign, received his JD/MBA degree from Suffolk University Law School/Sawyer School of Management, and his LLM in Tax from Boston University School of Law. He holds a Series 7 and 66 securities licenses. He currently lives in Hopkinton, MA with his wife and their 4 children.
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
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.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
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.
1When 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Tax laws are complex and are subject to change. 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. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5The returns on a portfolio consisting primarily of sustainable investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
6Morgan 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.
7Morgan 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.
8Tax laws are complex and are subject to change. 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. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
9Morgan 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
10Morgan 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
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
The investments and products listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments or products, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. The appropriateness of a particular investment or product will depend upon an investor's individual circumstances and objectives.
Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Tax laws are complex and are subject to change. 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. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5The returns on a portfolio consisting primarily of sustainable investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
6Morgan 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.
7Morgan 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.
8Tax laws are complex and are subject to change. 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. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
9Morgan 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
10Morgan 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
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
The investments and products listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments or products, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. The appropriateness of a particular investment or product will depend upon an investor's individual circumstances and objectives.
Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Awards Disclosures | Morgan Stanley
CRC 4665150 (08/2025)