Ryan Brown
Senior Private Banker
Catherine DePuy, CFP®, CPWA®
Senior Vice President, Wealth Management,
Financial Advisor,
Senior Portfolio Manager,
Workplace Advisor – Equity Compensation,
Lending Specialist
Direct:
(650) 926-7119(650) 926-7119
Toll-Free:
(800) 624-7248(800) 624-7248
My Mission Statement
Committed to helping simplify your financial life, so you can focus on the quality of your life
My Story
In a world where markets continue to become more volatile and news-centric, working with a financial advisor who can construct a financial plan tailored to your values and your objectives can bring calmness and clarity during turbulent times. To grow and preserve your wealth, it is essential to have an integrated financial plan that encompasses all of your financial needs. Whether your goal is financial independence, education for your children or grandchildren, a second home or to transfer your legacy to future generations; I can assist you in developing an integrated financial plan that aligns with your values, objectives, and risk tolerance.
Keys of Financial Planning:
- Your investments are only one important piece of your overall wealth management strategy. As your financial advisor I can diligently help you address additional key planning pieces such as: estate planning strategies, investment tax obligations, life insurance, long-term care and more.
- Through my disciplined approach to your wealth management strategy I can provide service(s) that keeps your best interests in focus. Most importantly, as you move through various life stages, I will continue working with you to revise your financial plan and wealth management strategy to reflect your evolving goals.
Securities Agent: WY, PA, NY, IL, DC, MN, NJ, HI, GA, CO, OR, MO, MA, FL, VA, OH, NV, NC, WA, UT, NH, MI, IN, CA, AZ, NM, DE, KY, TX, TN, SC, PR, SD, MD; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1265106
CA Insurance License #: 0F49491
NMLS#: 1265106
CA Insurance License #: 0F49491
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
A Disciplined and Personalized Investment Process
My disciplined approach to investing centers-around you and your unique financial circumstances, goals and personal aspirations.
Financial Objectives:
We work together to define your specific Wealth Management Strategy.
Investment Strategy:
I design a customized plan that meets your investment focus and outlines a strategic path that moves you closer to your goals.
Evaluate and Select:
I execute the Wealth Management Strategy that we have agreed upon.
Monitor and Review:
I personally connect with you on a regular basis to review the performance and change recommendations, as needed. (As your priorities change, we will recalibrate your plan to keep you on track with your goals.)
My Clients
Many of my clients are current or former domestic and international corporate executives seeking to delegate financial planning and management allowing them to focus on their priorities and quality of life.
Most importantly, I strive to constantly learn about the values and goals of my clients; as well as, earn my client's trust and confidence by delivering education, a high level of personalized service and transparent communication.
Most importantly, I strive to constantly learn about the values and goals of my clients; as well as, earn my client's trust and confidence by delivering education, a high level of personalized service and transparent communication.
3 Key Practices Areas:
Current or former domestic and international corporate executives with the knowledge and experience to manage their own assets, but choose to spend their time on other priorities.
Families and individuals who are new to investing and interested in furthering their education allowing for a more comfortable exchange with their financial advisor.
Families who would like to build a goal based financial plan to include educational needs, retirement goals, estate planning strategies, life insurance, long-term care and more.
Families and individuals who are new to investing and interested in furthering their education allowing for a more comfortable exchange with their financial advisor.
Families who would like to build a goal based financial plan to include educational needs, retirement goals, estate planning strategies, life insurance, long-term care and more.
Experience & Awards
With more than 15 years of experience in the financial services industry, I am dedicated to helping clients understand and navigate their complex wealth management strategy. By taking the time to understand each client's values, unique financial circumstances and personal aspirations, I assist clients in creating integrated financial plans and wealth management strategies that are tailored to their goals.
I began my career as a Senior Research Analyst at Morgan Stanley in 1991. Prior to re-joining Morgan Stanley in 2010, I served in two positions as Vice President of Equity Research, first at Josephthal, Lyon and Ross and then at The Buckingham Research Group.
After returning to Morgan Stanley, I continued leveraging my professional experiences by contributing my deep understanding of markets and their impact on investment management through the firm’s International Client Advisor program.
AWARDS AND RECOGNITIONS:
1. Forbes Top Women Wealth Advisors Best-In-State 2025
2. Forbes Best-In-State Wealth Management Teams 2025
3. Forbes Best-In-State Wealth Management Teams 2024
4. San Francisco Five Star Wealth Manager 2024
5. San Francisco Five Star Wealth Manager 2023
6. San Francisco Five Star Wealth Manager 2022
7. San Francisco Five Star Wealth Manager 2021
8. San Francisco Five Star Wealth Manager 2020
9. San Francisco Five Star Wealth Manager 2018
10. San Francisco Five Star Wealth Manager 2017
11. San Francisco Five Star Wealth Manager 2016
12. San Francisco Five Star Wealth Manager 2015
DISCLOSURES:
1. Forbes Top Women Wealth Advisors Best-In-State Source Forbes (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24.
2. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based on time period from 3/31/23 – 3/31/24.
3. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2024). Data compiled by SHOOK Research LLC based on time period from 3/31/22 – 3/31/23.
4. This award was issued in 2024. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/24 through 8/30/24.
5. This award was issued in 2023. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/23 through 8/31/23.
6. This award was issued in 2022. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 3/7/2022 through 9/2/2022.
7. This award was issued in 2021. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 02/8/2021 through 09/10/2021.
8. This award was issued in 2020. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/2/2020 through 09/25/2020.
9. This award was issued in 2018. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/12/2018 through 09/28/2018.
10. This award was issued in 2017. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/9/2017 through 09/27/2017.
11. This award was issued in 2016. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 04/22/2016 through 09/30/2016.
12. This award was issued in 2015. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 05/7/2015 through 10/5/2015.
I began my career as a Senior Research Analyst at Morgan Stanley in 1991. Prior to re-joining Morgan Stanley in 2010, I served in two positions as Vice President of Equity Research, first at Josephthal, Lyon and Ross and then at The Buckingham Research Group.
After returning to Morgan Stanley, I continued leveraging my professional experiences by contributing my deep understanding of markets and their impact on investment management through the firm’s International Client Advisor program.
AWARDS AND RECOGNITIONS:
1. Forbes Top Women Wealth Advisors Best-In-State 2025
2. Forbes Best-In-State Wealth Management Teams 2025
3. Forbes Best-In-State Wealth Management Teams 2024
4. San Francisco Five Star Wealth Manager 2024
5. San Francisco Five Star Wealth Manager 2023
6. San Francisco Five Star Wealth Manager 2022
7. San Francisco Five Star Wealth Manager 2021
8. San Francisco Five Star Wealth Manager 2020
9. San Francisco Five Star Wealth Manager 2018
10. San Francisco Five Star Wealth Manager 2017
11. San Francisco Five Star Wealth Manager 2016
12. San Francisco Five Star Wealth Manager 2015
DISCLOSURES:
1. Forbes Top Women Wealth Advisors Best-In-State Source Forbes (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24.
2. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based on time period from 3/31/23 – 3/31/24.
3. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2024). Data compiled by SHOOK Research LLC based on time period from 3/31/22 – 3/31/23.
4. This award was issued in 2024. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/24 through 8/30/24.
5. This award was issued in 2023. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/23 through 8/31/23.
6. This award was issued in 2022. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 3/7/2022 through 9/2/2022.
7. This award was issued in 2021. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 02/8/2021 through 09/10/2021.
8. This award was issued in 2020. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/2/2020 through 09/25/2020.
9. This award was issued in 2018. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/12/2018 through 09/28/2018.
10. This award was issued in 2017. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/9/2017 through 09/27/2017.
11. This award was issued in 2016. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 04/22/2016 through 09/30/2016.
12. This award was issued in 2015. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 05/7/2015 through 10/5/2015.
Personal Interests
In my personal-time, I enjoy helping my three teenage children with school and attending track, cross-country, water polo and swimming events.
Due to my passion for education, I also volunteer my time to mentor high school children. In these mentorships, I focus on preparing the students for interviews, resume dos and don’ts and college readiness skills.
During my downtime, I like to travel, hike, cook, garden and fantasize about living in a tiny house. Great experiences can start small.
Due to my passion for education, I also volunteer my time to mentor high school children. In these mentorships, I focus on preparing the students for interviews, resume dos and don’ts and college readiness skills.
During my downtime, I like to travel, hike, cook, garden and fantasize about living in a tiny house. Great experiences can start small.
Client Service Team
Mike Lam - Wealth Management Associate
Phone:
(650) 926-7678(650) 926-7678
Email:Mike.Lam@morganstanley.com
With more than 17 years of financial industry experience, Mike focuses on fulfilling the administrative and customer service needs of all of our clients, ensuring a smooth and seamless experience. He started his career with Smith Barney in 2005 and has worked in various positions with multiple firms, gaining valuable exposure to all aspects of operations.
Mike earned Bachelor of Science in Business Administration from San Francisco University and holds Series 7 and 66 licenses. Mike lives in South San Francisco with his wife and enjoys trying new restaurants and planning the next travel adventure with her.
Mike earned Bachelor of Science in Business Administration from San Francisco University and holds Series 7 and 66 licenses. Mike lives in South San Francisco with his wife and enjoys trying new restaurants and planning the next travel adventure with her.
Location
2775 Sand Hill Road
Suite 120
Menlo Park, CA 94025
US
Direct:
(650) 926-7119(650) 926-7119
Toll-Free:
(800) 624-7248(800) 624-7248
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
Sydney Milewski
Planning Associate
About Ryan Brown
Ryan Brown is a Senior Private Banker serving Morgan Stanley Wealth Management offices in California.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, while leveraging our comprehensive suite of cash management and lending solutions.
Ryan began his career in financial services in 2006, and joined Morgan Stanley in 2011 as an Associate Private Banker. Prior to joining the firm, he was a Licensed Premier Banker at Wells Fargo Bank, N.A.
Ryan is a graduate of the University of California at Irvine, where he received a Bachelor of Arts in International Studies and a minor in Management. He lives in Half Moon Bay, California with his family. Outside of the office, Ryan enjoys playing golf, road and mountain biking, and spending time with friends and family. He also volunteers his time as a youth sports coach and at several non-profit organizations.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, while leveraging our comprehensive suite of cash management and lending solutions.
Ryan began his career in financial services in 2006, and joined Morgan Stanley in 2011 as an Associate Private Banker. Prior to joining the firm, he was a Licensed Premier Banker at Wells Fargo Bank, N.A.
Ryan is a graduate of the University of California at Irvine, where he received a Bachelor of Arts in International Studies and a minor in Management. He lives in Half Moon Bay, California with his family. Outside of the office, Ryan enjoys playing golf, road and mountain biking, and spending time with friends and family. He also volunteers his time as a youth sports coach and at several non-profit organizations.
NMLS#: 465566
About Sydney Milewski
Sydney is a Planning Associate at Morgan Stanley providing dedicated financial planning support to Financial Advisors and their teams. Operating as an extension of the FA/Team, she collaborates with clients to discover and define goals that matter most to them. Leveraging state of the art technology, she will evaluate various options and their potential outcomes to help clients confidently choose the appropriate course of action. Sydney provides expertise across a wide suite of Morgan Stanley planning tools designed to assist in the areas of investment accumulation, retirement, education, major purchase, cash flow, risk management, tax efficiency, and wealth transfer planning.
She earned her undergraduate degree from the University of California, Santa Barbara and received the Financial Planning Specialist® designation from the College for Financial Planning. Sydney is originally from Los Angeles, CA and currently resides in New York, NY.
She earned her undergraduate degree from the University of California, Santa Barbara and received the Financial Planning Specialist® designation from the College for Financial Planning. Sydney is originally from Los Angeles, CA and currently resides in New York, NY.
Wealth Management
Global Investment Office
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
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
Are You Prepared for Tax Day?
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
Article Image
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
Article Image
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 Catherine DePuy today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan 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.
2Morgan 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.
3GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
6When 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.
7Morgan 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.
8Morgan 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.
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
1Morgan 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.
2Morgan 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.
3GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
6When 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.
7Morgan 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.
8Morgan 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.
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)
