Richard Sanborn
Senior Vice President, Wealth Management, Financial Advisor, Portfolio Management Director
Phone:
(713) 966-2159(713) 966-2159
Claudia Mollerup-Madsen, CRPC®
Vice President, Wealth Management,
Financial Advisor
Direct:
(713) 966-2188(713) 966-2188
Toll-Free:
(800) 666-6069(800) 666-6069
My Mission Statement
I endeavor to know and understand your financial situation and provide you with the highest quality information, services, and strategies to help ensure that clients can enjoy their lives and pursue their financial goals by helping simplify the complex world of investing.
My Story
Claudia Mollerup-Madsen, was born in Peru. Her father was an oil and
gas mechanical engineer turned “wildcatter” during the boom of international oil and gas exploration in very remote areas of the world. By the age of six years old, Claudia had lived in Peru, California, Ecuador and Indonesia, thus beginning her childhood expat life, yet always maintaining her Peruvian roots concurrently, both in language and in culture. This heritage is extremely important to Claudia. It defines her ability to be multicultural and have deep roots which are close to her heart.
Claudia graduated from St. Mary’s University in San Antonio with a B.A. in International Business. Being fluent in Spanish and English, she decided to add Portuguese to her skills and studied in Rio de Janeiro for one year. By traveling the world and experiencing foreign locations, not only as a tourist but living and studying abroad, educated her in ways that books could never teach. She is grateful for her experiences.
Claudia worked for Merrill Lynch from 1989-1990; Citigroup Private Bank 1990-2001; UBS International 2001- 2009; and 2009 up to current position with Morgan Stanley.
Claudia holds the CRPC Chartered Retirement Planning Counselor- designation and hold the Series 7 and 66 registrations as well as the Life, Health and Variable annuity license.
Claudia has been in the financial advisory sector for 29 years serving both U.S. residents as well as Non-U.S. residents. She is a member of the Women’s Advisory Council within her Morgan Stanley complex. This honor is chosen by the management team to develop, empower and encourage the professional advancement of female financial advisors.
In 2018 she was selected as a Woman Who Means Business by the Houston Business Journal.
Claudia also a recipient of the 2019 class of Morgan Stanley’s Makers program, that identifies and celebrates accomplished women from a variety of fields.
Claudia has been interviewed multiple times on ABC13, Univision, KUHF, NPR, Houston Business Journal and KPRC 950 AM to discuss relevant financial topics.
Claudia is involved in her Houston local community as well. She is a past board member of The Women’s Resource of Greater Houston, where she taught financial literacy to women at risk. Additionally, she is a member of the Houston Livestock show and Rodeo (HLSR) – International Committee, where she is interpreter for international VIP’s and the Executive Committee. She is also a board member for the Texas Region USTA Board and Budget & Finance Committee.
Claudia and her husband of 32 years, Poul, have two grown children. She is an avid tennis player and always looking for a competitive match.
gas mechanical engineer turned “wildcatter” during the boom of international oil and gas exploration in very remote areas of the world. By the age of six years old, Claudia had lived in Peru, California, Ecuador and Indonesia, thus beginning her childhood expat life, yet always maintaining her Peruvian roots concurrently, both in language and in culture. This heritage is extremely important to Claudia. It defines her ability to be multicultural and have deep roots which are close to her heart.
Claudia graduated from St. Mary’s University in San Antonio with a B.A. in International Business. Being fluent in Spanish and English, she decided to add Portuguese to her skills and studied in Rio de Janeiro for one year. By traveling the world and experiencing foreign locations, not only as a tourist but living and studying abroad, educated her in ways that books could never teach. She is grateful for her experiences.
Claudia worked for Merrill Lynch from 1989-1990; Citigroup Private Bank 1990-2001; UBS International 2001- 2009; and 2009 up to current position with Morgan Stanley.
Claudia holds the CRPC Chartered Retirement Planning Counselor- designation and hold the Series 7 and 66 registrations as well as the Life, Health and Variable annuity license.
Claudia has been in the financial advisory sector for 29 years serving both U.S. residents as well as Non-U.S. residents. She is a member of the Women’s Advisory Council within her Morgan Stanley complex. This honor is chosen by the management team to develop, empower and encourage the professional advancement of female financial advisors.
In 2018 she was selected as a Woman Who Means Business by the Houston Business Journal.
Claudia also a recipient of the 2019 class of Morgan Stanley’s Makers program, that identifies and celebrates accomplished women from a variety of fields.
Claudia has been interviewed multiple times on ABC13, Univision, KUHF, NPR, Houston Business Journal and KPRC 950 AM to discuss relevant financial topics.
Claudia is involved in her Houston local community as well. She is a past board member of The Women’s Resource of Greater Houston, where she taught financial literacy to women at risk. Additionally, she is a member of the Houston Livestock show and Rodeo (HLSR) – International Committee, where she is interpreter for international VIP’s and the Executive Committee. She is also a board member for the Texas Region USTA Board and Budget & Finance Committee.
Claudia and her husband of 32 years, Poul, have two grown children. She is an avid tennis player and always looking for a competitive match.
Services Include
- Professional Portfolio ManagementFootnote1
- 401(k) Rollovers
- Retirement PlanningFootnote2
- Qualified Retirement PlansFootnote3
- Estate Planning StrategiesFootnote4
- Exchange Traded FundsFootnote5
- Municipal BondsFootnote6
- Corporate BondsFootnote7
- Cash Management and Lending ProductsFootnote8
- Life InsuranceFootnote9
- Wealth ManagementFootnote10
- Sustainable InvestingFootnote11
- Wealth PlanningFootnote12
- Alternative InvestmentsFootnote13
Securities Agent: CT, OK, NJ, MA, CO, VA, AL, NM, FL, NY, NV, DE, AZ, NE, IA, SC, TX, LA, IL, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 1279491
NMLS#: 1279491
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
As your life changes, not only does your financial strategy become more complex, but your options for implementing it increase as well. My process provides the context to develop and implement highly customized strategies to help guide you in achieving and maintaining financial success.
Step 1: Understanding You
I begin with an in-depth conversation to understand your goals and the goals of your family, the concerns you have and what you ultimately would like to achieve. Next, I review your current future financial situation, identify the likelihood of reaching your goals, and help address any potential shortfalls or the impact of unexpected life events.
Step 2: Tailoring a Solution for Your Specific Goals
Here, I'll prepare a comprehensive wealth management plan that helps address your individual income and cash flow needs, investment objectives and guidelines, and risk/return parameters.
Step 3: Implementing Your Plan
With my guidance, you'll have access to a comprehensive array of strategies, services, and programs that work in tandem to help grow, preserve and transfer your wealth, while remaining aligned with your personal goals and aspirations.
Step 4: Monitoring Results Against Your Goals
I check in with you to deliver metrics around your portfolio, and ultimately measure trajectory towards your goals. My ultimate mission is your success and financial well-being.
MY CLIENTS
Families
Claudia works with individuals and families to develop comprehensive financial plans that ensure goals and risk parameters math objectives. This financial process includes retirement, education, insurance, wealth in transition and estate planning.
CORE VALUES
I am dedicated on helping meet the needs of you and your family. I believe the diversity of my background and experiences enables me to deliver fresh ideas for today's complex world. I am committed on working together and these core values.
Nurturing Long-Term Relationships
As a multicultural person, I not only provide continuity, but balance of perspectives to help you and your entire family make more informs confident decisions. As your life evolves, I will be with you every step of the way.
First Class Service in a First Class Way
Committed to a concierge service model, I focus on developing a relationship that provides special value to you and your family. My goal is to offer advice and services before you need it and response to every request quickly and efficiently.
Serving as Your Financial CFO
I provide a "one-step" shop for all your financial needs. From asset management to retirement funding to philanthropy, I hope to be your first phone call for any financial or life decision.
Untangling Complexity Is My Strength
I believe the more complex your financial situation, the more value I am to you and the more rewarding your overall experience will be.
Optimizing Technology
I have access to some of the most comprehensive wealth management tools available today to enable us to create tailored strategies for your practical goals and circumstances.
Size Matters
I deliberately manage the growth of my practice to focus on a small number of clients so I can dedicate the time, attention and superior service each family deserves.
Location
2800 Post Oak Blvd
Ste 3200
Houston, TX 77056
US
Direct:
(713) 966-2188(713) 966-2188
Toll-Free:
(800) 666-6069(800) 666-6069
Fax:
(713) 966-6808(713) 966-6808
Meet My Team
Luvy Gonzalez
Vice President, Financial Advisor
Phone:
(713) 966-2168(713) 966-2168
About Richard Sanborn
Richard H. Sanborn joined Morgan Stanley in May of 2010 as a Financial Advisor in the Houston Post Oak office. Prior to joining Morgan Stanley, Richard obtained his M.S. in Global Management from the Thunderbird School of Global Management specializing in finance and accounting where he graduated with honors. Richard attended Vanderbilt University and then transferred to SMU where he graduated with a B.A. in Economics and a B.A. in Spanish. Richard is passionate about advising investors, and his focus is on the asset and liability management of domestic and foreign individuals and corporations.
Richard is an Eagle Scout, he is fluent in Spanish, and he enjoys playing tennis, golf, traveling, and snow skiing. Richard lives in Houston, TX with his wife Erika, daughter Isabella and son Richard Harrington.
Richard is an Eagle Scout, he is fluent in Spanish, and he enjoys playing tennis, golf, traveling, and snow skiing. Richard lives in Houston, TX with his wife Erika, daughter Isabella and son Richard Harrington.
Securities Agent: NJ, AZ, NE, LA, WA, DE, MA, IL, FL, CA, NM, CT, VA, TX, IA, NY, MS, KY, CO, SC; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
About Luvy Gonzalez
Luvy is a Financial Advisor. She has more than three decades of experience in wealth management and has been with Morgan Stanley since 2009.
Prior on joining Morgan Stanley she worked at UBS from 2000 to 20009.
Born in Honduras, Luvy moved to Houston when she was a girl due to the work of her father who was a diplomat from Honduras. Because of that, Luvy is a person who understands different cultures and has an international experience
Over the years, Luvy has developed a passion for portfolio management. She has always work in the international side. Dedicated to thoroughly understanding each client’s financial position, long and short-term goals, and risk tolerance to seek consistent investment returns while minimizing portfolio risk. With a focus on client’s investment objectives Luvy draws upon Morgan Stanley’s intellectual capital, wealth management analytics and risk management resources to construct a comprehensive portfolio solution.
During her free time, she volunteered with some Catholic charities that helped her community.
Luvy lives with her husband Jose Ramon and have two grown children. She loves traveling with her family and showing her grandchildren new cultures.
Prior on joining Morgan Stanley she worked at UBS from 2000 to 20009.
Born in Honduras, Luvy moved to Houston when she was a girl due to the work of her father who was a diplomat from Honduras. Because of that, Luvy is a person who understands different cultures and has an international experience
Over the years, Luvy has developed a passion for portfolio management. She has always work in the international side. Dedicated to thoroughly understanding each client’s financial position, long and short-term goals, and risk tolerance to seek consistent investment returns while minimizing portfolio risk. With a focus on client’s investment objectives Luvy draws upon Morgan Stanley’s intellectual capital, wealth management analytics and risk management resources to construct a comprehensive portfolio solution.
During her free time, she volunteered with some Catholic charities that helped her community.
Luvy lives with her husband Jose Ramon and have two grown children. She loves traveling with her family and showing her grandchildren new cultures.
Securities Agent: TX, PA, KS, MA, DE, CT, SC, NE, CA, AZ, VA, LA, FL, NJ, IL, NY, IA; General Securities Principal; General Securities Representative; Investment Advisor Representative
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
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
Ready to start a conversation? Contact Claudia Mollerup-Madsen today.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
5An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
6Municipal 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.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan 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
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
11The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
12Morgan 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.
13Alternative 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
5An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
6Municipal 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.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan 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
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
11The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
12Morgan 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.
13Alternative 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.
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)
