Lida V. Alonso
Senior Registered Associate
Phone:
(713) 658-2711(713) 658-2711
Charlie R Saman, CFP®
Senior Vice President,
Financial Advisor,
CERTIFIED FINANCIAL PLANNER®,
Portfolio Management Director,
Alternative Investments Director,
Family Wealth Advisor
Direct:
(713) 658-2754(713) 658-2754
Toll-Free:
(800) 890-2774(800) 890-2774
My Mission Statement
My mission is to earn your trust through open and clear communication, objective advice, hard work and a genuine concern for your overall financial well-being.
Welcome
I help you plan for your future with investment strategies that seek to encompass your whole life. With nearly 26 years of experience in financial services, I work mostly on a discretionary basis to provide highly customized wealth management strategies that are designed to match your unique needs.
After graduating from the University of Houston with a Bachelor of Arts degree in finance, I joined a large mutual fund company during the tech “bubble” of the late 1990s. While there, I watched how the “fad” funds fared versus many of the more traditional, conservative funds. As a result of that experience, I tend to favor conservative investments, with a focus on downside protection. I learned early on that if you lose less during “down” periods, you don’t have as much to make up during “up” cycles. I began putting that philosophy into practice when I joined Smith Barney (Morgan Stanley predecessor) as a Financial Advisor in 2000.
As a CERTIFIED FINANCIAL PLANNER™ (CFP®), I am your advocate and act in your best interest. This designation is achieved only after undergoing a rigorous accreditation process and indicates an in-depth knowledge of the financial planning process, tax planning, employee benefits and retirement planning, estate planning and insurance.
As a Portfolio Manager Director, I am one of a very select group of Morgan Stanley Financial Advisors who can provide fully discretionary management solutions to their clientele. I offer fee-based portfolios with an open architecture approach. This methodology allows me to sit on the same side of the table with you, serving as an objective advisor and presenting investment recommendations without the potential for conflicts of interest.
Married nearly 21 years, my wife and our four children stay busy with many family and school activities. When I get time to myself, I enjoy hunting and fishing.
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. The strategies and/or investments discussed in this material may not be appropriate for all investors. Morgan Stanley Wealth Management recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.
This material is intended only for clients and prospective clients of the Portfolio Management program. It has been prepared solely for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security or other financial instrument, or to participate in any trading strategy.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
After graduating from the University of Houston with a Bachelor of Arts degree in finance, I joined a large mutual fund company during the tech “bubble” of the late 1990s. While there, I watched how the “fad” funds fared versus many of the more traditional, conservative funds. As a result of that experience, I tend to favor conservative investments, with a focus on downside protection. I learned early on that if you lose less during “down” periods, you don’t have as much to make up during “up” cycles. I began putting that philosophy into practice when I joined Smith Barney (Morgan Stanley predecessor) as a Financial Advisor in 2000.
As a CERTIFIED FINANCIAL PLANNER™ (CFP®), I am your advocate and act in your best interest. This designation is achieved only after undergoing a rigorous accreditation process and indicates an in-depth knowledge of the financial planning process, tax planning, employee benefits and retirement planning, estate planning and insurance.
As a Portfolio Manager Director, I am one of a very select group of Morgan Stanley Financial Advisors who can provide fully discretionary management solutions to their clientele. I offer fee-based portfolios with an open architecture approach. This methodology allows me to sit on the same side of the table with you, serving as an objective advisor and presenting investment recommendations without the potential for conflicts of interest.
Married nearly 21 years, my wife and our four children stay busy with many family and school activities. When I get time to myself, I enjoy hunting and fishing.
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. The strategies and/or investments discussed in this material may not be appropriate for all investors. Morgan Stanley Wealth Management recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.
This material is intended only for clients and prospective clients of the Portfolio Management program. It has been prepared solely for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security or other financial instrument, or to participate in any trading strategy.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
Experience
- Certified Financial Planner
- Senior Vice President
- Portfolio Manager Director
- Alternative Investment Director
- Family Wealth Advisor
- Financial Advisor
Services Include
- Financial PlanningFootnote1
- Professional Portfolio ManagementFootnote2
- Retirement PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Trust AccountsFootnote5
- Life InsuranceFootnote6
- Long Term Care InsuranceFootnote7
- Alternative InvestmentsFootnote8
- AnnuitiesFootnote9
- Cash Management and Lending ProductsFootnote10
- Certificates of DepositFootnote11
- Fixed IncomeFootnote12
- Municipal BondsFootnote13
- Executive Financial ServicesFootnote14
- Executive Benefit ServicesFootnote15
- Stock Plan ServicesFootnote16
- 529 PlansFootnote17
- UGMA/UTMAFootnote18
- Wealth PlanningFootnote19
- Philanthropic ManagementFootnote20
Securities Agent: OK, MS, LA, CA, CT, MI, PR, NV, MO, KS, IL, UT, OH, FL, VA, TN, SC, OR, ND, MD, CO, WY, IA, GA, AR, AL, AK, WI, PA, NY, MA, AZ, NH, NC, MT, MN, IN, HI, WA, NJ, TX, NM, SD; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1272780
NMLS#: 1272780
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
My Process is Predicated on The Following Areas of Focus
Financial Planning
As a CFP®, I have undergone a rigorous accreditation process. As a result, every investment recommendation I make has your best interests at the forefront. Together, we create a financial plan that can be monitored, reviewed and changed to fit changes in your life and situation, be better prepared for the future and, in the case that any problems arise, consult the contingencies that are part of your financial plan.
Investment Planning
Morgan Stanley Portfolio Services were established to provide individual investors with a level of personalized portfolio management typically reserved for many institutional investors. As a Senior Portfolio Manager, I have the credentials, experience and ability to custom tailor investment strategies designed to meet your specific needs.
Retirement Planning
I have helped hundreds of clients like you prepare for and navigate through the stages of retirement:
1. Striving to grow your wealth to fund your future goals
2. Helping provide a smooth transition to retirement
3. Seeing to maintain your chosen lifestyle
1. Striving to grow your wealth to fund your future goals
2. Helping provide a smooth transition to retirement
3. Seeing to maintain your chosen lifestyle
Investment Tax Strategies
I work seamlessly with my clients’ attorneys, CPAs and other advisors to integrate financial planning with issues of tax, trust, philanthropic, retirement and estate planning needs. I provide key information and detailed plans and analysis about investment portfolios, net worth and cash flow needs. As a result, I strive to ensure that your portfolio and retirement planning solutions incorporate tax strategies that take full advantage of what may be available to you.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Executive Planning
Understanding the tax implications of financial choices around executive compensation can make the difference of millions of dollars in your pocket. My knowledge and experience helps clients who have highly concentrated positions and need counsel on divesting them wisely.
Estate Planning
Delivering an estate to the next generation requires more attention than families often realize. I will guide you through your estate planning strategy: coordinating with your estate and tax professionals to align your legacy goals with the appropriate asset titling, beneficiary designation requirements, and help ensure that your wishes are met in the most efficient and cost-effective way possible.
Forbes Best In State Advisors 2022
Forbes Best In State AdvisorsConsultative Process
Over the last two decades, I have advised and served the comprehensive needs of individuals, families and business owners like you by focusing on growing and preserving your hard-earned wealth. Working in concert with you other trusted advisors, I focus on integrating advice across the spectrum of your financial affairs so you can make a more informed decision on any financial issue.
This approach allows me to establish deep and lasting relationships, to deliver hands-on, high-end service uniquely tailored to you.
This approach allows me to establish deep and lasting relationships, to deliver hands-on, high-end service uniquely tailored to you.
Discovery Meeting
I help you plan for your future with investment strategies that seek to encompass your whole life. That means taking the time to get to know you – your dreams and goals, as well as your financial concerns and the issues that keep you up at night.
Investment Plan Meeting
After our Discovery meeting, you will receive the Dossier and Investment Policy Statement. Once I have gained an in-depth understanding of your goals and entire financial situation, I will develop a comprehensive financial plan with tangible recommendations for addressing your goals.
Mutual Commitment Meeting
Our mutual success stems from my ability to ask you the right questions and to listen carefully to your answers. No matter what unique need you have, I will seek to find an appropriate solution. At this stage, we will confirm whether to move forward with our comprehensive plan.
Account Review
After 40 to 60 days we will meet again to review your current investment strategy and how you've fared to date.
Wealth Management Plan
I apply extensive research and analysis, along with utilizing Morgan Stanley’s full suite of resources to ensure swift decisive action in all market scenarios. The way in which I implement your tailored strategy, may vary. If you’re off track with your goals, I will advise you and work with you on making informed decisions that will put you back on the right path. My team and I collaborate on your investments and plans to design prospective strategies for your specific risk tolerance, time horizon and objectives.
Progress Meetings
Investments are monitored on an ongoing basis with the ability to adjust according to your needs and market conditions. I check in with you to deliver metrics around your portfolio, and ultimately measure trajectory towards your goals.
Valuable Tools And Resources
This comprehensive suite of digital tools and resources is designed to help enhance every aspect of your financial life.
LifeView - Intelligent Planning
LifeView is a suite of planning tools that includes goal-specific analysis that can be used to create a realistic strategy. It incorporates the various aspects of an individual's financial life, including investments and cash management needs.
Read more about the advantages of working with LifeView
Digital Vault
Digital Vault lets you easily and securely manage and store life's documents such as wills, deeds, and estate plans as well as financial statements and tax filings.
Getting started with Digital Vault
Total Wealth View
Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access, and convenient connectivity.
Getting started with Total Wealth View
Addressing Cybercrime
In a world that is now more virtual than ever, staying safe online is nothing short of paramount. Take advantage of these helpful hints on how to prevent hacking.
Learn how to detect hackingRetirement Planning
It’s important to determine how much money you may need saved for a comfortable retirement. Here are ways to overcome some of the challenges of growing and preserving your retirement savings and how we can help.
Explore ways to protect your assets
Online Security Center
At Morgan Stanley, safeguarding your assets and personal information is among our highest priorities. Learn about our security measures and use our resources and ideas to help protect yourself online.
Learn more about Online Security Center
Estate Planning
Regardless of your current financial circumstances, it is crucial to have a backup plan for your wealth. I regularly review your finances with you and work with your estate attorney to help you make informed and confident decisions in this critical process.
Review these necessary considerations
Reserved Living & Giving
Save on travel, dining, holiday gifts and more with Morgan Stanley's Reserved Living and Giving program.
Discover the benefitsMy Investment Philosophy
When it comes to investing your hard-earned money, I focus on two key considerations: Your time horizon and the correct placement of your investments.
Your time horizon tells us how much of your portfolio is actually available for investment. Anything you’ll need for the short term, usually 18-36 months in the future, will not go into the stock market. Similarly, the money that’s needed to meet your requirements 2-6 years down the road should not be put at risk. That leaves the remaining money in your portfolio to be earmarked for proper investing to meet your long-term needs.
When considering the best placement, or allocation, of your investment monies, I take a good, long look at each possible solution in terms of a complete market cycle. I believe it’s crucial to know how a particular financial instrument has performed in “down” years as well as in “up” years. While it may be most important to you to grow your current investments, managing market downturns can make an even bigger difference in your portfolio’s bottom line.
The impact of market downturns is one reason I place such importance on downside protection. Minimizing losses is critical because you have less money working for you after a loss, and your portfolio must generate higher returns than before just to return to the break-even point. My big-picture goal is to help you manage significant drawdowns so we can focus on building wealth when market conditions improve, rather than playing catch up with your capital.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The Standard & Poor's (S&P) 500 Index tracks the performance of 500 widely held, large-capitalization US stocks. An investment cannot be made directly in a market index.
Your time horizon tells us how much of your portfolio is actually available for investment. Anything you’ll need for the short term, usually 18-36 months in the future, will not go into the stock market. Similarly, the money that’s needed to meet your requirements 2-6 years down the road should not be put at risk. That leaves the remaining money in your portfolio to be earmarked for proper investing to meet your long-term needs.
When considering the best placement, or allocation, of your investment monies, I take a good, long look at each possible solution in terms of a complete market cycle. I believe it’s crucial to know how a particular financial instrument has performed in “down” years as well as in “up” years. While it may be most important to you to grow your current investments, managing market downturns can make an even bigger difference in your portfolio’s bottom line.
The impact of market downturns is one reason I place such importance on downside protection. Minimizing losses is critical because you have less money working for you after a loss, and your portfolio must generate higher returns than before just to return to the break-even point. My big-picture goal is to help you manage significant drawdowns so we can focus on building wealth when market conditions improve, rather than playing catch up with your capital.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The Standard & Poor's (S&P) 500 Index tracks the performance of 500 widely held, large-capitalization US stocks. An investment cannot be made directly in a market index.
Forbes Best In State Advisors 2022
"Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
Forbes Best In State AdvisorsSource: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
Location
717 Texas Avenue
Suite 3050
Houston, TX 77002
US
Direct:
(713) 658-2754(713) 658-2754
Toll-Free:
(800) 890-2774(800) 890-2774
Fax:
(713) 658-2729(713) 658-2729
Meet My Team
Marc Simoni
Executive Director Alternative Investments
Rochelle Hernandez
Registered Client Service Associate
Phone:
(713) 658-2747(713) 658-2747
Charlie R. Saman, Certified Financial Planner™
Senior Vice President, Financial Advisor, Portfolio Manager Director, Alternative Investment Director
About Lida V. Alonso
Lida provides strategic operational and administrative support to our clients. On a daily basis, she delivers excellent client service to our clients on a myriad of transactional needs, including account documentation, money movement, IRA distributions and other service-related issues. Lida has been with Morgan Stanley for 20 years and, as a Senior Registered Associate, she is able to process unsolicited trade requests.
Lida graduated with a Bachelor of Arts degree in Communications from the University of the Philippines. She is married, has one child, and enjoys spending time with her large, extended family living in the Houston area.
Lida graduated with a Bachelor of Arts degree in Communications from the University of the Philippines. She is married, has one child, and enjoys spending time with her large, extended family living in the Houston area.
About Marc Simoni
Mr. Simoni is currently the Director of Alternative Investments for the Central U.S. with Morgan Stanley Wealth Management. Prior to his current role, Mr. Simoni held several positions in the Morgan Stanley Alternative Investments Group, including his role in Product Development and Management (PDM), where he was responsible for on-boarding and structuring Private Equity, Hedge Funds and Funds of Hedge Funds products. Prior to his PDM experience, Mr. Simoni was responsible for Alternative Investments Marketing, where he developed and implemented global marketing initiatives for the Alternative Investments platform. Prior to his Marketing role, Mr. Simoni served as an Alternative Investments Analyst, where he helped perform due diligence on hedge fund strategies and supported portfolio construction of Morgan Stanley’s proprietary fund offerings. Prior to his various roles with the Morgan Stanley Alternative Investments Group, Mr. Simoni worked in other areas within Morgan Stanley, including the Securities Based Lending Product Development Group and the Annuities & Insurance Product Development Group.
Mr. Simoni received his B.S.B.A in Finance from The Catholic University of America in Washington, D.C. He has earned the Chartered Alternative Investments Analyst (CAIA) designation and holds FINRA licenses Series 7 and Series 66. He serves on the Board of Directors for the Westminster Presbyterian Church in Dallas, TX.
Mr. Simoni received his B.S.B.A in Finance from The Catholic University of America in Washington, D.C. He has earned the Chartered Alternative Investments Analyst (CAIA) designation and holds FINRA licenses Series 7 and Series 66. He serves on the Board of Directors for the Westminster Presbyterian Church in Dallas, TX.
About Charlie R. Saman
Securities Agent: OK, MS, LA, CA, CT, MI, PR, NV, MO, KS, IL, UT, OH, FL, VA, TN, SC, OR, ND, MD, CO, WY, IA, GA, AR, AL, AK, WI, PA, NY, MA, AZ, NH, NC, MT, MN, IN, HI, WA, NJ, TX, NM, SD; General Securities Representative; Investment Advisor Representative; Managed Futures
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
A Simple Six-Step Retirement Checkup
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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
529 Plans: A Powerful Tool to Save for Education
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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
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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
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 Charlie R Saman 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 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5Morgan 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.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Alternative 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.
9Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
11Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
12Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
13Municipal 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.
14Morgan 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.
15When 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.
16Morgan 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.
17Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
18Morgan 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.
19Morgan 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.
20Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
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.
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 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5Morgan 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.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Alternative 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.
9Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
11Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
12Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
13Municipal 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.
14Morgan 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.
15When 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.
16Morgan 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.
17Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
18Morgan 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.
19Morgan 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.
20Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
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.
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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)
