Tara Walsh
Vice President, Group Director
Phone:
(212) 893-6436(212) 893-6436
Brian Cumberland
Financial Advisor,
Alternative Investments Director
Direct:
(212) 893-6410(212) 893-6410
My Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
My Story and Services
Our clients lead pretty incredible lives. They have built successful businesses, or lucrative Wall Street or entertainment careers. Most come from middle-class families and are in the process of generating serious wealth through their own talent, hard work and willingness to take well-calculated risks. As a result, they have created extraordinary opportunities for themselves and their families, and they are facing complex wealth management challenges.
Acting as the CFO of their personal financial lives, we work to develop, implement and maintain plans to help our clients protect what they have earned and enjoy the lifestyles they have created. We go all in with every client, working to understand what they need to lead the lives they envision. Then we add our own talents and network to the global resources of our firm to craft a solution that is theirs and theirs alone. We are always thinking about how we can improve our services to better meet their needs, and we never forget that our success is 100% dependent on their trust and satisfaction.
We look forward to learning more about you and your vision of a successful life, and discussing how we can help you achieve it.
Acting as the CFO of their personal financial lives, we work to develop, implement and maintain plans to help our clients protect what they have earned and enjoy the lifestyles they have created. We go all in with every client, working to understand what they need to lead the lives they envision. Then we add our own talents and network to the global resources of our firm to craft a solution that is theirs and theirs alone. We are always thinking about how we can improve our services to better meet their needs, and we never forget that our success is 100% dependent on their trust and satisfaction.
We look forward to learning more about you and your vision of a successful life, and discussing how we can help you achieve it.
Securities Agent: OH, MN, WV, NY, CT, CO, CA, RI, PA, WA, TX, NM, NJ, IN, IL, FL, AZ, VA, OR, SD, ID, GA, AL, WY, TN, NV, NE, MA, DE, ME, MD, DC, WI, NC, MO, SC; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1896811
NMLS#: 1896811
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Holistic Wealth Planning
Morgan Stanley has developed a holistic offering to serve Family Offices and investors with north of 500 million US dollars in total net worth. The service spans across providing investment advice, administrative support and subject matter expertise across a variety of topics that are important when managing significant wealth.
• Our objective is to enhance investment management decision-making and alleviate administrative complexities so that families can better strive to meet their goals and focus on the things that matter to them.
• Our capabilities allow Morgan Stanley to act in a fiduciary capacity on the portfolio (regardless of where the investments are custodied), while delivering consolidated tax-lot level accounting and reporting across custodians through an institutional quality platform.
• We strive to complement the investor's current structure, giving them leverage through infrastructure and investment management capabilities, as well as the breadth of Morgan Stanley.
• Our objective is to enhance investment management decision-making and alleviate administrative complexities so that families can better strive to meet their goals and focus on the things that matter to them.
• Our capabilities allow Morgan Stanley to act in a fiduciary capacity on the portfolio (regardless of where the investments are custodied), while delivering consolidated tax-lot level accounting and reporting across custodians through an institutional quality platform.
• We strive to complement the investor's current structure, giving them leverage through infrastructure and investment management capabilities, as well as the breadth of Morgan Stanley.
Benefits for our Clients: Investment consulting and Portfolio Administration
- Serve as a fiduciary by advising on investments held across the entire portfolio (including those custodied outside of Morgan Stanley)
- Our construct allows us to be flexible around the client as their needs evolve over time (e.g., as the composition of their portfolio changes, as they come into a liquidity event, as they establish a framework for the next generation, etc.). We still act as a fiduciary on their entire portfolio even if they choose to have their assets held at different places. We truly become their partner in evaluating investments holistically within the context of their goals and objectives.
- We have a dedicated team responsible for sourcing new ideas, plus we can tap into Morgan Stanley’s network and the other sophisticated Family Offices within our ecosystem
- Utilizing us allows your clients to get depth and expertise in any space instantaneously; and also allows them to pivot freely as market dynamics, opportunities or priorities shift
- Perform comprehensive due diligence on investment opportunities, as well as review existing investments
- Diligence is performed by a team of ~65 people, which naturally becomes an extension of their Family Office
- We vet the opportunities that the client brings to us, and our investment and operational diligence teams will perform the fulsome diligence they would if the opportunity were being brought for distribution on the MS platform
- As investment opportunities come their way, we become the voice of reason if the investment doesn’t make sense via their objectives and they have to say no to a family member/friend/acquaintance
- We bear the risk of the investment decision-making for those investments under our diligence purview
- Keeping track of growing portfolios continues to become more difficult over time. MSFS allows clients to track every cent in one place, so they have one consistent and consolidated view. Regardless of the type of asset or where the asset is held (doesn’t need to be @ MS), MSFS can reflect the asset in the books and records.
- With this MSFS infrastructure in place, our investment team has the transparency that will allow us to bring clients our most robust investment management capabilities. When we can see the entire portfolio alongside the family, we can think about things holistically and make better, smarter, faster decisions.
- There are many differentiators of MSFS vs. other third party platforms that clients may consider to help aggregate their assets, but the most important ones are the richness and accuracy of the data and service model. The core of the MSFS offering is a full service accounting platform, with dedicated accountants serving each of our clients, enabled by proprietary technology. We provide the client with tax-lot level books and records down to the transaction level, and produce working papers for tax purposes. Other common providers are not true accounting systems. We do not just take downstream custodial feeds and play them back on a reporting tool – we reconcile those feeds to the upstream data directly from the executing broker dealer daily. Upon the basis of accurate and verified data, we offer industry-leading analytics tools, reporting and cash management functions.
Benefits for Clients: Our Specialized Subject Matter Experts
- Tax, Trust & Estate: Holistic analysis of tax, trust and estate solutions to help preserve wealth
- Family Governance: Family-focused offering to help address family dynamics and other human capital challenges
- Philanthropy: Suite of services to help define and execute on charitable missions
- Wealth Education: Programs to help build financial knowledge
- Signature Access Lifestyle Advisory: Access to a referral network that can offer an array of specialty services (e.g., private jet advisory)
- Insured Solutions: Comprehensive insurance offering across providers and products
- Tailored Lending: Cash management and borrowing
- Easily accessible subject matter experts who can address the complex, multifaceted challenges of managing significant wealth and help equip them with best practices and executable solutions
Our Future
It is no secret that our economy and our world are evolving at a rapid pace, and with that, we must be cognizant of the changes taking place in how we invest. Take a look at these futuristic sectors and click on the links to learn more.
Artificial Intelligence and Robotics
Technology seems to be getting smarter by the minute, and artificial intelligence is on the verge of becoming a more common presence in our everyday lives. Learn about how robots and other forms of AI are taking the world by storm with their new and innovative technology.
Click here to learn more
Autonomous, Shared Mobility, and Electric Vehicles
The future of movement appears to be in electric vehicles, which have taken a larger and larger portion of the transportation marketplace as of recent. This has the potential to create a massive shift in how we get from point A to point B, and can possibly lead to other electric means of transportation, as well, such as trains and planes.
Click here to learn more
Blockchain and Cryptocurrency
Cryptocurrency is becoming more and more well-known, and it is beginning to pique the interest of many investors. While it is certainly a topic of interest, many do not consider themselves well-informed on cryptocurrency, and it is crucial to make educated decisions in regards to your investing.
Click here to learn more
Cybersecurity
In a world that is now more virtual than ever, cybersecurity is of the utmost importance. Maintaining safe practices while surfing the world wide web requires a multifaceted and well-informed approach - something that can be grasped by learning to be more careful and astute in your digital practices.
Click here to learn more
ESG
Being aware of how and where we invest is an important factor in some of our financial portfolios. Those who want their investing to properly reflect their values may consider implementing ESG-conscious strategies into their financial plan, which can be mindful of a variety of social causes and sectors.
Click here to learn more
Healthcare
Healthcare has been on our minds more than ever as of recent, and it is clear that there is a huge economy behind this massive industry, ranging from pharmaceuticals to research and much more. The future of medicine has the potential to shape our economy and the ways in which we live.
Click here to learn more
Space and Quantum Communication
Space is the next frontier, and we are now closer than ever to breaking this extraterrestrial barrier. As has happened with each age of exploration, there is potential for the economy to expand into new sectors.
Click here to learn more
Thoughts on the Market Podcast
Mike Wilson's Thoughts on the Market is one of Morgan Stanley's most popular podcasts. Join Mike Wilson as he dives into the market, explaining complex topics in a concise, easy-to-understand way.
Click here for moreOur Firm's History
Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are five core values - Do the Right Thing, Put Clients First, Lead with Exceptional Ideas, Commit to Diversity and Inclusion, and Give Back.
Our 85 Year History
Explore our new interactive historical timeline to learn about Morgan Stanley through the decades - from our foundational years to building smarter wealth in modern times.
Discover Our HistoryA Bank Built on Integrity
A documentary highlighting all of the people and moments that define Morgan Stanley
Click Here To ExploreMorgan Stanley Wealth Management
For 85 years, Morgan Stanley has been a global leader in financial services, with the scale and stability to help bring you valuable opportunities. Our priority is managing wealth with the highest standard of care and providing financial advice to help support your goals at any stage of life.
Learn More About MS Wealth ManagementMorgan Stanley Reserved Living & Giving
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 About MS ReservedResources For Select Investors
You may have heard the urban legend that our loved ones die twice - once when they pass away and once when they are forgotten. It is up to us to promote the legacy of our ancestors when they are no longer here to do it themselves. Their hard work, love, and value to posterity is something that is worth reciprocating. In following their example, we not only trace their footsteps, but also blaze our own trail.
Morgan Stanley offers a plethora of tools that can help solidify your family legacy - past, present, and future:
Morgan Stanley offers a plethora of tools that can help solidify your family legacy - past, present, and future:
Art Resources Team
Morgan Stanley has an Art Resources Team (ART), which has the goal of showing clients how they can address the unique challenges of art as an asset and create bespoke solutions for every client and collection. The team has recently begun the publication of a newsletter, with the goal of keeping readers up-to-date on the connections between art and the markets.
Click here to access the ART Newsletter
Family Office Resources
Reflecting on how the most successful families create and maintain enduring legacies across multiple generations, Morgan Stanley Family Office Resources (FOR) is structured to help clients define a guiding vision, translate that vision into effective strategies and implement those strategies by calling on the tactical expertise of experienced experts. Accessed by Morgan Stanley advisors through UHNW Client Specialists, our capabilities span three complementary areas of focus: Governance & Legacy, Wealth Strategies and Signature Access.
Learn more about Family Office Resources
Lifestyle Advisory
Your family history is a crucial part of the person you have become, in more ways than you can imagine. Learning about these familial ties is a fascinating experience that can often shine a spotlight on your past and serve as a guiding light for your future. Morgan Stanley can give you access to various genealogical resources to help bring your family history to life.
Learn more about Lifestyle Advisory
Philanthropy
The Morgan Stanley GIFT Cures program was established to provide an opportunity for philanthropists to combine their resources to magnify the impact of their medically related giving, whether they wish to focus on a specific disease or donate across a broader spectrum. It is an opportunity for donors interested in becoming part of a donor community, learning about best practices in giving to drug research and discovering the issues related to bringing drug therapies to market.
Click here to learn more
Outsourced Chief Investment Office
High-end clients with investable assets of at least of $25 million dollars have access to our Outsourced Chief Investment Office (OCIO).
The OCIO is a complete fiduciary solution for clients looking for a full-discretion investment management model.
This service facilitates the delegation of fiduciary responsibilities providing tailored portfolio solutions including:
• Investment expertise
• Adherence to policy statement and regulatory requirements
• Portfolio construction
• Disciplined execution and implementation
• Sophisticated risk management techniques and methods
• Investment platform access
• Cost efficiencies
Click here to learn more about OCIOThe OCIO is a complete fiduciary solution for clients looking for a full-discretion investment management model.
This service facilitates the delegation of fiduciary responsibilities providing tailored portfolio solutions including:
• Investment expertise
• Adherence to policy statement and regulatory requirements
• Portfolio construction
• Disciplined execution and implementation
• Sophisticated risk management techniques and methods
• Investment platform access
• Cost efficiencies
Location
399 Park Ave
24th Fl
New York, NY 10022
US
Direct:
(212) 893-6410(212) 893-6410
Meet My Team
Brian Horowitz, CFA
Assistant Vice President, Consulting Group Analyst
Phone:
(212) 893-6511(212) 893-6511
Wayne Jenq, CFA
Assistant Vice President, Consulting Group Analyst
Phone:
(212) 893-6427(212) 893-6427
Giana D'Avanzo
Portfolio Associate
Phone:
(212) 893-6581(212) 893-6581
Ariel Salerno
Client Service Associate
Phone:
(212) 893-6592(212) 893-6592
About Tara Walsh
Responsible for the client service model and administration of the Abacus Group, Tara oversees a support team that handles all aspects of account maintenance for the team's clients. Tara also works closely with the team's clients and their other trusted advisors to coordinate collective efforts ranging from specific employment compliance guidelines to legal and estate planning. She also assists clients with the implementation of their philanthropic strategies utilizing the MS GIFT Donor-Advised Fund. Prior to joining the Abacus Group in 2011, Tara worked with the firms' Northeast Divisional Management team. Tara is a graduate of Adelphi University, where she majored in business management with a specialization in finance, and minored in economics. She lives in Westbury, on Long Island, and enjoys spending time in New York City. An avid traveler, Tara plans to continue exploring a new country every year.
About Brian Horowitz
Brian Horowitz works closely with the Abacus Group’s sophisticated ultra-high net worth clients, focusing primarily on creating and presenting financial reports and customizing asset allocations. His responsibilities also include due diligence on alternative investments and investment managers, and coordinating efforts with the team’s network of accountants, attorneys, insurance agents, and trust and estate planning specialists. A Chartered Financial Analyst®® charter holder, Brian joined Abacus Group in 2012. He previously worked in the Morgan Stanley Consulting Group on fee-based accounts.
Brian recently moved to Port Washington, on Long Island, with his wife, Kari, their newborn daughter, Isla, and their dog, Ziggy. He enjoys snowboarding, ice hockey and spending time outdoors.
Brian recently moved to Port Washington, on Long Island, with his wife, Kari, their newborn daughter, Isla, and their dog, Ziggy. He enjoys snowboarding, ice hockey and spending time outdoors.
About Wayne Jenq
Wayne Jenq focuses primarily on customizing investment and portfolio solutions for current and prospective clients based on their investment objectives and risk tolerances. This involves researching equity, fixed income and alternative investment managers to identify appropriate strategies. Wayne also works directly with the team's clients to address their investment and portfolio-related questions, and to execute their trade orders. Prior to joining the Abacus Group in 2016, Wayne served as an investment strategist at HSBC Private Bank. He began his financial services career as a proprietary trader at T3 Capital. A Chartered Financial Analyst® charterholder, Wayne graduated from the University of Illinois at Urbana Champaign, where he majored in economics. He lives in Manhattan.
About Giana D'Avanzo
Giana D’Avanzo works to deliver an outstanding service experience to clients of the Abacus Group, focusing on account opening and maintenance, and various other day-to-day operations. Prior to joining the team full-time in 2017, Giana interned with the Abacus Group for two summers. This experience provided her with an opportunity to learn about the financial services industry, and to absorb the team’s mission and philosophy.
Giana graduated from Providence College, Summa Cum Laude, in 2017 with a Bachelor’s degree in finance, and recently earned her Series 7 and 66 licenses. At Providence, she served as captain of a Division 1 athletics dance team, a peer mentor for the Liberal Arts Honor’s Program, and was also a member of the Beta Gamma Sigma business honor society. She also had the opportunity to spend a semester in Rome, where she was able to learn about and celebrate her Italian heritage. A native of Merrick, New York, Giana enjoys reading and spending time with family and friends.
Giana graduated from Providence College, Summa Cum Laude, in 2017 with a Bachelor’s degree in finance, and recently earned her Series 7 and 66 licenses. At Providence, she served as captain of a Division 1 athletics dance team, a peer mentor for the Liberal Arts Honor’s Program, and was also a member of the Beta Gamma Sigma business honor society. She also had the opportunity to spend a semester in Rome, where she was able to learn about and celebrate her Italian heritage. A native of Merrick, New York, Giana enjoys reading and spending time with family and friends.
Wealth Management
Global Investment Office
Portfolio Insights
This is a video content
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 Brian Cumberland today.
1Alternative 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When 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.
3Morgan 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.
4Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
5Morgan 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.
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 and other legal matters.
7Participating 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.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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
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.
2When 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.
3Morgan 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.
4Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
5Morgan 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.
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 and other legal matters.
7Participating 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.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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
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)
