Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Financial Planning Specialist
Phone:
(509) 751-4201(509) 751-4201
Clearwater Group at Morgan Stanley
Direct:
(509) 295-5175(509) 295-5175
Toll-Free:
(800) 995-9194(800) 995-9194
Our Mission Statement
Helping our clients plan for evolving goals and important life events, while feeling confident about their future.
Our Story
"The only constant in life is change." This old adage is especially true when it comes to personal finance. Throughout our lives, major events—marriage, retirement, the birth of a child or grandchild, divorce or the loss of a loved one—can create meaningful shifts in our financial circumstances, priorities and plans for the future.
What do you want?
More time with family, meaningful experiences, travel, flexibility or the freedom to make a change.
What do you need?
A thoughtful plan for income, expenses, healthcare, family responsibilities, financial risk and the unexpected.
What do you hope for?
Opportunities for your children and grandchildren, a fulfilling retirement, a smooth business transition or the ability to support a cause that matters to you.
What do you dream of?
A life lived with greater purpose, a legacy that reflects your values and the confidence to enjoy what you have built.
Your answers become the foundation of our work together.
The Clearwater Group at Morgan Stanley helps clients prepare for, navigate and move forward confidently through significant life transitions. Our rigorous, disciplined process keeps your goals at the center of every decision as we build a comprehensive plan aligned with your circumstances, priorities and vision for the future.
Working together, we can help you feel more confident about your financial future—so you can focus on your lifestyle, the people you care about and the priorities that bring meaning to your life. This personal, long-term commitment to our clients is the cornerstone of our work.
Located in the Clarkston, Washington–Lewiston, Idaho area, we serve families and business owners throughout Eastern Washington and Northwest Idaho—from the Tri-Cities through Pullman–Moscow and across the greater Boise area. We also work with clients nationwide, combining the resources and capabilities of a leading wealth management firm with an understanding of the communities we call home.
To schedule a complimentary, no-obligation consultation, please click the "Contact Us" button above or call 509-295-5175. We look forward to hearing your story, learning what matters most to you and exploring whether we are the right team for you and your goals.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our rigorous, disciplined process
To help you meet your short-, medium-, and long-term goals, we have developed a 4-step process that helps us develop all your financial strategies and tactics.
This process is highly structured but also customizable to fit your particular objectives, preferences and time-frame. Broadly, it consists of four stages.
We developed this process to be effective, transparent and comprehensive. It’s the foundation of an appropriate financial strategy.
This process is highly structured but also customizable to fit your particular objectives, preferences and time-frame. Broadly, it consists of four stages.
We developed this process to be effective, transparent and comprehensive. It’s the foundation of an appropriate financial strategy.
Stage 1: Discover
Each of our clients is unique – we don’t believe in “cookie-cutter” solutions. However, in order to tailor our recommendations to you, we need to understand as much as possible about you. Your financial situation, of course, but also your goals, your family, your beliefs and convictions. What’s most important to you? What keeps you up at night? We will use questions like these to develop our recommendations.
Stage 2: Recommend
Once we understand your goals and preferences, we can offer considered and informed advice about appropriate investments and other financial recommendations. During this stage, we will also present a series of “what if” scenarios to help determine the best course of action.
Stage 3: Implement
Many of our clients have existing investments and financial instruments in place, most of which were developed independent of each other. Once we’ve developed an overarching strategy for you, we can unify your financial life around your goals, while also accounting for cash flow, tax implications and many other factors.
Stage 4: Adjust
Few things in life are constant – your life circumstances evolve, markets adjust, needs and desires change. So it’s important to periodically review progress and adapt to new conditions. We will establish a schedule with you to formally examine where you are today and where you are heading.
Your questions answered.
Life Events
Each client, no matter how much wealth they’ve accumulated or how they view the future, has particular concerns about their financial life. While every client is unique, there are some issues that come up over and over during our planning and wealth management processes. Here are a few examples:
College Funding
Will I be able to send my children to the college of their choice? What about my grandchildren?
Retirement
I don’t want to run out of money – how do I know if I’ll have enough? How can I take care of myself and my spouse without burdening my kids?
Tax strategies
Can I reduce my tax burden? Can I structure my portfolio to mitigate taxes without sacrificing performance or income?
Investing
What’s the best strategy for my particular life trajectory? Can I make a difference with my portfolio?
Location
518 Diagonal Street
Clarkston, WA 99403
US
Direct:
(509) 295-5175(509) 295-5175
Toll-Free:
(800) 995-9194(800) 995-9194
500 108th Ave NE
Ste 1900
Bellevue, WA 98004
US
Direct:
(800) 328-2802(800) 328-2802
Meet Clearwater Group
Senior Vice President, Financial Advisor, Family Wealth Advisor, Investing with Impact Director
Phone:
(509) 751-4203(509) 751-4203
Raquel Pederson
Registered Associate
Phone:
(509) 295-5175(509) 295-5175
About Kenneth P Maestas
Ken’s work is, at its heart, about helping people feel more steady about what comes next.
He partners with clients in a very personal way, starting with the simple question of what matters most right now and what they hope life will look like in the years ahead. Together, they map out short-, medium-, and long-term goals, and then Ken helps turn those hopes into a practical wealth management plan that fits the reality of everyday life. When things change—as they always do—he stays close to the process, offering calm, thoughtful guidance designed to help clients protect what they’ve built and keep moving forward with confidence.
Before joining the Clearwater Group, Ken spent 25 years as a Certified Public Accountant, working in auditing, taxation, and litigation support, including serving as an expert witness. He no longer practices as a CPA, but that background still shows up in the way he supports clients. He’s the kind of advisor who looks at the full picture, not just the investments, and he’s known for weighing both sides of a personal balance sheet with care. He brings a steady, detail-focused mindset, because he knows the small choices can matter a lot over time.
Ken earned his BA in Accounting Information Systems and Business Management from Idaho State University. He is also a Chartered Retirement Plans Specialist®, reflecting his focus on building retirement plans that are tailored, structured, and built to last.
Outside of work, Ken’s life is rooted in family. He and his wife, Keri, have four adult children and several grandchildren, and that sense of family connection shapes how he sees the world—protect what you love, plan with intention, and be present for the moments that matter. Long before his business career, Ken worked as a wildland firefighter, and that experience still echoes in his calm approach under pressure. These days, he and Keri stay active—running, walking, paddle boarding, and white-water rafting—especially when it means spending time outdoors and exploring the rivers of the Northwest.
He partners with clients in a very personal way, starting with the simple question of what matters most right now and what they hope life will look like in the years ahead. Together, they map out short-, medium-, and long-term goals, and then Ken helps turn those hopes into a practical wealth management plan that fits the reality of everyday life. When things change—as they always do—he stays close to the process, offering calm, thoughtful guidance designed to help clients protect what they’ve built and keep moving forward with confidence.
Before joining the Clearwater Group, Ken spent 25 years as a Certified Public Accountant, working in auditing, taxation, and litigation support, including serving as an expert witness. He no longer practices as a CPA, but that background still shows up in the way he supports clients. He’s the kind of advisor who looks at the full picture, not just the investments, and he’s known for weighing both sides of a personal balance sheet with care. He brings a steady, detail-focused mindset, because he knows the small choices can matter a lot over time.
Ken earned his BA in Accounting Information Systems and Business Management from Idaho State University. He is also a Chartered Retirement Plans Specialist®, reflecting his focus on building retirement plans that are tailored, structured, and built to last.
Outside of work, Ken’s life is rooted in family. He and his wife, Keri, have four adult children and several grandchildren, and that sense of family connection shapes how he sees the world—protect what you love, plan with intention, and be present for the moments that matter. Long before his business career, Ken worked as a wildland firefighter, and that experience still echoes in his calm approach under pressure. These days, he and Keri stay active—running, walking, paddle boarding, and white-water rafting—especially when it means spending time outdoors and exploring the rivers of the Northwest.
Securities Agent: IN, VA, TN, AL, NV, MD, CO, AZ, LA, WV, PA, ID, CT, ME, GA, CA, UT, NJ, KY, HI, WA, SC, OK, MT, MA, FL, OR, NY, IA, TX; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1262154
CA Insurance License #: 0H99273
NMLS#: 1262154
CA Insurance License #: 0H99273
About Randy Norris
About Randy Norris
I’m Randy Norris, and I’m a wealth management professional who helps individuals, families, and business owners make confident decisions through life’s biggest financial transitions.
Because my father served in the U.S. Navy, I grew up moving frequently and learning how to adapt quickly to new places and new people. Living in a variety of communities—from Utah and Connecticut to Scotland—shaped my perspective early. It taught me the value of discipline, responsibility, and staying open-minded, and those lessons still guide the way I work with clients today.
I began my career in pharmaceutical sales at Merck & Company, where I discovered that what I enjoyed most was helping people directly—listening, solving problems, and building trust over time. That realization ultimately led me to wealth management, where I could have an even more personal, long-term impact on people’s lives.
I joined Morgan Stanley in 2010 and have been proud to build my career there—serving as both a Financial Advisor and a Branch Manager in Kennewick, Washington and Boise, Idaho. Over time, I made a deliberate decision to focus my practice on helping clients navigate complex financial moments with clarity and purpose. That commitment is also what brought me to Clarkston, Washington, where I’m honored to serve this community while also working with clients across the country.
One of the most meaningful parts of my work is helping clients plan for significant liquidity events—such as retirement, the sale of a business, or other major financial milestones. I enjoy helping people think through how to responsibly use what they’ve built to support the life they want, while also planning for the legacy they hope to leave to the people and organizations that matter most to them.
Outside of the office, I’m married to Lee Ann, who grew up in the LC Valley. We have two adult children, and it’s been a joy to watch them begin building their own families. We appreciate the quieter life in Clarkston, and when we’re not spending time with family, you can often find us enjoying the outdoors—especially in the saddle on our horses, Alibi and Gus.
I look forward to learning more about your story and helping you define—and pursue—your personal vision of financial success.
I’m Randy Norris, and I’m a wealth management professional who helps individuals, families, and business owners make confident decisions through life’s biggest financial transitions.
Because my father served in the U.S. Navy, I grew up moving frequently and learning how to adapt quickly to new places and new people. Living in a variety of communities—from Utah and Connecticut to Scotland—shaped my perspective early. It taught me the value of discipline, responsibility, and staying open-minded, and those lessons still guide the way I work with clients today.
I began my career in pharmaceutical sales at Merck & Company, where I discovered that what I enjoyed most was helping people directly—listening, solving problems, and building trust over time. That realization ultimately led me to wealth management, where I could have an even more personal, long-term impact on people’s lives.
I joined Morgan Stanley in 2010 and have been proud to build my career there—serving as both a Financial Advisor and a Branch Manager in Kennewick, Washington and Boise, Idaho. Over time, I made a deliberate decision to focus my practice on helping clients navigate complex financial moments with clarity and purpose. That commitment is also what brought me to Clarkston, Washington, where I’m honored to serve this community while also working with clients across the country.
One of the most meaningful parts of my work is helping clients plan for significant liquidity events—such as retirement, the sale of a business, or other major financial milestones. I enjoy helping people think through how to responsibly use what they’ve built to support the life they want, while also planning for the legacy they hope to leave to the people and organizations that matter most to them.
Outside of the office, I’m married to Lee Ann, who grew up in the LC Valley. We have two adult children, and it’s been a joy to watch them begin building their own families. We appreciate the quieter life in Clarkston, and when we’re not spending time with family, you can often find us enjoying the outdoors—especially in the saddle on our horses, Alibi and Gus.
I look forward to learning more about your story and helping you define—and pursue—your personal vision of financial success.
Securities Agent: RI, AL, MT, VI, NY, DC, VA, MI, IL, MD, UT, MN, CT, NE, OH, NM, WA, DE, WV, CA, OK, NJ, AR, LA, OR, NC, IN, TN, MA, SD, GA, CO, MO, WY, PR, ME, AZ, FL, KY, MS, VT, ND, NH, HI, ID, PA, IA, WI, SC, TX, NV, AK, KS; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1290654
NMLS#: 1290654
About Raquel Pederson
Raquel moved to the LC Valley in 1996 after attending the University of Idaho and Lewis Clark State College. She was a medical administrative assistant for 23 years before coming to work at Morgan Stanley in 2017. Raquel and her husband have two children, they enjoy golfing, boating and hiking.
Contact Kenneth P Maestas
*Required Fields
Contact Randy Norris
*Required Fields
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Wilson Calansingin
Associate Private Banker
About Wilson Calansingin
Wilson Calansingin is an Associate Private Banker serving Morgan Stanley Wealth Management offices in Washington State.
Associate Private Bankers partner with Private Bankers and Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Wilson began his career in financial services in 2006, and joined Morgan Stanley in 2021 as an Associate Private Banker. Prior to joining the firm, he was a Premier Banker at Wells Fargo Bank, N.A.
Wilson is a graduate of Ateneo de Manila University, where he received a Business Management degree with a focus in Finance. He lives in Tacoma, Washington. Outside of the office, Wilson enjoys golfing.
Associate Private Bankers partner with Private Bankers and Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Wilson began his career in financial services in 2006, and joined Morgan Stanley in 2021 as an Associate Private Banker. Prior to joining the firm, he was a Premier Banker at Wells Fargo Bank, N.A.
Wilson is a graduate of Ateneo de Manila University, where he received a Business Management degree with a focus in Finance. He lives in Tacoma, Washington. Outside of the office, Wilson enjoys golfing.
NMLS#: 711776
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
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
Article Image
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
Iran Conflict: Seven Takeaways for Investors
Article Image
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
Article Image
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
Ready to start a conversation? Contact Clearwater Group 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.
3Morgan 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.
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 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
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley 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.
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 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
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
CRC 4665150 (8/2025), 4763067 (9/2025)
