Lucinda Bain, QPFC
Senior Vice President, Wealth Advisor, Family Wealth Director, Senior Portfolio Management Director, Alternative Investments Director, Qualified Plan Financial Consultant
Phone:
(802) 863-7768(802) 863-7768
CAPSTONE BBL Group at Morgan Stanley
Direct:
(802) 863-7768(802) 863-7768
Our Mission Statement
"Our mission is to provide personalized and comprehensive financial & estate planning strategies and investment management services to our clients, helping them achieve their long-term financial goals and live their best lives. We are committed to upholding the highest standards of integrity, professionalism, and excellence, and to building trusting relationships with our clients based on open communication, transparency, and mutual respect."--
Our Services & Strategy
Capstone BBLC Group draws upon its extensive experience and knowledge in finance to produce individualized programs that seek to preserve and grow your wealth. We are dedicated to thoroughly understanding your financial position, values, goals, and appetite for risk. We use this information along with Morgan Stanley’s modern wealth management analytics and cutting edge research to deliver solutions for investment management, retirement, legacy, philanthropy, estate and education planning strategies.
We are committed to helping you reach your financial goals while inspiring a level of confidence that enables you to spend less time thinking about your day-to-day finances and more time doing those things that matter most to you and your family.
Why Work with Ron Biedermann, a CIMA professional?
Ron Biedermann, a Certified Investment Management Analysts (CIMA), is dedicated to elevating his practice through education, experience, examination and some of the highest standards of ethics. CIMA professionals have the advanced investment management knowledge necessary to serve affluent clients, and they use that in-depth knowledge to analyze and hand select the investment products that help make the most sense for your circumstance.
Earning a CIMA designation requires three years of broad experience in investment management consulting and completion of the demanding educational program put forth by the CIMA Board. To maintain this designation Ron is required to adhere to a rigorous code of professional responsibility and complete 40 hours of continuing education every two years.
So why work with Ron? When you work with an investment consultant who has taken the time to become CIMA certified you're working with someone who understands financial complexities and risks, is well versed in modern concepts of investment advice and perhaps most important, is educated enough to understand how your individual investments are being managed and how they work together. These skills, along with a commitment to advanced education enables Ron to provide you the kind of service that you not only want but deserve.
We are committed to helping you reach your financial goals while inspiring a level of confidence that enables you to spend less time thinking about your day-to-day finances and more time doing those things that matter most to you and your family.
Why Work with Ron Biedermann, a CIMA professional?
Ron Biedermann, a Certified Investment Management Analysts (CIMA), is dedicated to elevating his practice through education, experience, examination and some of the highest standards of ethics. CIMA professionals have the advanced investment management knowledge necessary to serve affluent clients, and they use that in-depth knowledge to analyze and hand select the investment products that help make the most sense for your circumstance.
Earning a CIMA designation requires three years of broad experience in investment management consulting and completion of the demanding educational program put forth by the CIMA Board. To maintain this designation Ron is required to adhere to a rigorous code of professional responsibility and complete 40 hours of continuing education every two years.
So why work with Ron? When you work with an investment consultant who has taken the time to become CIMA certified you're working with someone who understands financial complexities and risks, is well versed in modern concepts of investment advice and perhaps most important, is educated enough to understand how your individual investments are being managed and how they work together. These skills, along with a commitment to advanced education enables Ron to provide you the kind of service that you not only want but deserve.
Services Include
- Estate Planning StrategiesFootnote1
- Trust AccountsFootnote2
- Retirement PlanningFootnote3
- Wealth ManagementFootnote4
- Financial PlanningFootnote5
- Professional Portfolio ManagementFootnote6
- Alternative InvestmentsFootnote7
- Sustainable InvestingFootnote8
- Endowments and FoundationsFootnote9
- Long Term Care InsuranceFootnote10
- Lending Products
- Corporate Retirement PlansFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
With decades of collective experience and extensive licensing Capstone BBLC provides customized solutions and tailored strategies.
We ask each client how we can help make life better? By building deep relationships we address concerns and aspirations, and coordinate investment strategy, manage risk, and help provide confidence while focusing on each client's unique needs.
With a comprehensive wealth management approach and experience in complex financial tax and estate strategies we are able to design a cohesive plan for the future that includes a process of - discovery, analysis, recommendations, implementation and review.
We ask each client how we can help make life better? By building deep relationships we address concerns and aspirations, and coordinate investment strategy, manage risk, and help provide confidence while focusing on each client's unique needs.
With a comprehensive wealth management approach and experience in complex financial tax and estate strategies we are able to design a cohesive plan for the future that includes a process of - discovery, analysis, recommendations, implementation and review.
Our Clients
Our clients represent a diverse group of families, individuals, corporations and non profit organizations.
All share one common goal, to achieve excellence and success in their financial objectives.
We have a dedicated focus on individuals and families and offer customized solutions with tailored strategies.
Schedule A MeetingAll share one common goal, to achieve excellence and success in their financial objectives.
We have a dedicated focus on individuals and families and offer customized solutions with tailored strategies.
Certified Investment Management Analyst® (CIMA®)
The CIMA® certification is the peak international, technical portfolio construction program for investment consultants, analysts, financial advisors and wealth management professionals.
Ron holds this designation.
Ron holds this designation.
Chartered Financial Analyst (CFA®)
The CFA® charter is considered among the gold standards in the field of investment analysis. It is one of the most respected designations in finance.
Ron holds this designation.
Ron holds this designation.
Family Wealth Director
Lucinda Bain participated in The Family Wealth Director Program, a training focused on the particular issues high net worth families face.
During the program, Lucinda completed over 150 hours of coursework focused on the unique changes high net worth families encounter.
During the program, Lucinda completed over 150 hours of coursework focused on the unique changes high net worth families encounter.
Alternative Investments Director
The Alternative Investments Director certification is achieved through the Morgan Stanley Alternative Investments Director Program. It was developed for Financial Advisors and Private Wealth Advisors who meet the minimum criteria requirements and have significantly incorporated alternative investments into their practice.
The Capstone BBLC Group can provide clients with further guidance, insights and thought leadership about the alternative investments asset class and strategies provided by Morgan Stanley Wealth Management.
Lucinda holds this designation.
Learn More About Alternative InvestmentsThe Capstone BBLC Group can provide clients with further guidance, insights and thought leadership about the alternative investments asset class and strategies provided by Morgan Stanley Wealth Management.
Lucinda holds this designation.
Upcoming Firm Events
We hope you will join us for this upcoming event.
U.S. Policy Pulse: Trump 2.0 and the Markets
DATE: February 25, 2025 at 4:15 p.m. ETJoin Morgan Stanley Wealth Management Chief Investment Officer, Lisa Shalett, on Tuesday, February 25, for a conversation with Chief Economic Strategist and Global Head of Thematic and Macro Investing, Ellen Zentner, and Head of U.S. Public Policy, Monica Guerra, on the top policy and regulatory actions that could impact investors in the months ahead.
CRC4192005 02/2025
Online
Planning for Tomorrow
Goals you set today will evolve over time. Our process is designed to evolve with them - and with the changing circumstances of your life. Our planning process, with the help of a Family Wealth Advisor, will encompass various elements of your financial and personal life, making sure they align with your current and future goals.
The Family Wealth Advisor program includes dedicated training that enables Lucinda Bain to offer advanced resources needed to help affluent families address the complex multigenerational challenges of managing significant wealth.
Lucinda has demonstrated competence in a wide range of family wealth management planning areas, including wealth transfer, family dynamics, asset management, risk management, lending philanthropy, and business succession planning, monetizing business ownership and control. And restricted securities for corporate executives.
The Family Wealth Advisor program includes dedicated training that enables Lucinda Bain to offer advanced resources needed to help affluent families address the complex multigenerational challenges of managing significant wealth.
Lucinda has demonstrated competence in a wide range of family wealth management planning areas, including wealth transfer, family dynamics, asset management, risk management, lending philanthropy, and business succession planning, monetizing business ownership and control. And restricted securities for corporate executives.
Lucinda Bain, an Alternative Investments Director, can provide clients with further guidance, insights and thought leadership about the alternative investments asset class and strategies provided by Morgan Stanley Wealth Management.
This includes Private Credit, Private Real Estate, Private Equity and much more to help clients meet their financial objectives. Your choices will depend on your goals and risk tolerance.
This includes Private Credit, Private Real Estate, Private Equity and much more to help clients meet their financial objectives. Your choices will depend on your goals and risk tolerance.
Private Credit
Private Credit investing is an essential component of Morgan Stanley Investment Management’s alternative investments platform. We manage a well-defined group of strategies and seek to deliver attractive returns to our investors by forging successful partnerships with our portfolio companies.
Learn More About Private Credit
Private Real Estate
Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management arm of Morgan Stanley. With ~200 professionals in 17 offices across 13 countries plus decades of experience investing internationally, MSREI is uniquely positioned to execute core and opportunistic strategies globally.
Learn More About Private Real Estate
Private Equity
Our private equity teams invest in segments of the market that, in our view, are generally underserved by other providers of private capital. We invest directly in private businesses and also allocate capital to compelling fund managers, secondary market opportunities and co-investments on behalf of our limited partners. We seek situations where we believe our expertise, reputation and access to the unparalleled resources of Morgan Stanley will enable us to generate attractive risk-adjusted returns.
Learn More About Private Equity
Custom Multi-Asset Solutions
We specialize in managing custom alternative investment solutions that enable financial advisors to address the unique risk, return and liquidity objectives of their clients.
Learn More About Custom Multi-Asset SolutionsLocation
105 West View Road
5th Floor
Colchester, VT 05446
US
Direct:
(802) 863-7768(802) 863-7768
Meet CAPSTONE BBL Group
Ron Biedermann, CFA, CIMA®, QPFC
First Vice President, Wealth Management, Financial Advisor, Portfolio Management Director, Chartered Financial Analyst, Certified Investment Management Analyst, Qualified Plan Financial Consultant
Phone:
(802) 999-2702(802) 999-2702
Melissa Long
Portfolio Associate
Phone:
(802) 863-7715(802) 863-7715
About Lucinda Bain
A fully licensed investment professional for more than 35 years Lucinda is a co-founder of the Capstone BBLC Group at Morgan Stanley and has earned the title of Family Wealth Director, which is a rigorous advanced training program at Morgan Stanley, offered to a very limited number of advisors. Lucinda implements customized wealth management strategies for a diverse group of families, individuals, non-profit and for-profit businesses. Lucinda is committed to long-term trusting relationships and works tirelessly to provide guidance to help clients succeed in meeting their unique financial goals. Lucinda earned a B.S. degree from the University of Vermont and is a graduate of the Senior Financial Advisor Program at Wharton Business School. Lucinda is an avid skier, biker and spends much of her free time hiking the Green Mountains of VT. To contact me directly please email lucinda.bain@morganstanley.com
Securities Agent: AK, WI, RI, NY, NC, FL, CT, UT, TX, OR, MI, MD, MA, IA, KY, WA, VA, GA, DE, VT, PA, OH, HI, CA, NH, ME, IL, DC, AZ, SC, NJ, MT, CO; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 117728
NMLS#: 117728
About Ron Biedermann
Ron has extensive knowledge in portfolio management and financial planning - retirement, estate, inheritance and asset allocation, providing our clients comprehensive guidance and planning services. He focuses on custom asset allocation, portfolio management, income and market strategy. With over 35 years of industry experience he is one of the firms few Chartered Financial Analysts within the Wealth Management Group. He is a member of the CFA Institute and Vermont CFA Society whose members are held to the highest ethical standards. Ron is also a Certified Investment Management Analyst- where he maintains a rigorous CE requirement. He received his B.A. from Middlebury College and completed executive programs at Wharton Business School. Registrations: BM/Supervisor; General Securities Representative; Transactional Futures. To contact me directly please email ron.biedermann@morganstanley.com
Asset allocation does not guarantee a profit or protect against a loss in a declining financial market.
Asset allocation does not guarantee a profit or protect against a loss in a declining financial market.
Securities Agent: NJ, NC, ME, IL, NH, DE, DC, CO, OR, WA, UT, TN, IA, FL, CA, TX, MA, SC, OH, AZ, MI, WI, VA, RI, PA, MD, HI, NY, GA, CT, VT; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 117746
NMLS#: 117746
About Melissa Long
Melissa is a fully licensed Portfolio Associate who has been in the industry for over 12 years; she joined Ron and Lucinda in July of 2018. Excelling in customer service, being efficient and having empathy are a few characteristics and traits that she takes pride in every day. Melissa earned a B.S. degree from the University of Vermont. In her spare time, Melissa enjoys spending time with her family & friends, traveling and being outdoors.
Securities Agent: WY, CO, FL, UT, TX, OK, AK, SC, NY, NJ, ME, IL, HI, VA, RI, CA, WA, OR, MD, VT, MI, DC, NC, CT, AR, WI, PA, NH, MA, KY, AZ, TN, OH, MT, IA, GA, DE; General Securities Representative; Investment Advisor Representative
Contact Lucinda Bain
Contact Ron Biedermann
Wealth Management
From Our Team
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Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
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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Ready to start a conversation? Contact CAPSTONE BBL 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.
2Morgan 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.
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 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.
6Morgan 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.
7Alternative 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
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, charitable giving, philanthropic planning and other legal matters.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11When 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.
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
2Morgan 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.
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 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.
6Morgan 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.
7Alternative 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
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, charitable giving, philanthropic planning and other legal matters.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11When 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.
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)