Clyde W. Pelton Jr.
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager
Phone:
(859) 231-9500(859) 231-9500
Clyde Pelton Jr. at Morgan Stanley
Senior Vice President,
Financial Advisor,
Senior Portfolio Manager
Direct:
(859) 231-9539(859) 231-9539
Toll-Free:
(800) 354-9559(800) 354-9559
My Mission Statement
We believe building wealth starts with not losing it.
Why
Driving us is the satisfaction we enjoy when materially improving the individual lives of our clients and financially preparing them to both meet their aspirations and overcome obstacles along the way. We stand by our clients at all times, preparing them for opportunities and challenges that await them. As stewards of our clients’ wealth, we strive to earn the role of a “dedicated family financial advisors”. Our clients rely on us to do what we say we will do, and we rely on them to communicate to us the changing conditions of their life as “life comes at them”.
In this pursuit, we believe that “conventional wisdom” or “conventional thinking” about most planning and investment topics can be perilous. For example, many investors have been conditioned to believe some version of “higher risk equals higher returns”, that volatility is simply the price one must pay for a bigger pile of money in the future. We do not subscribe to this notion. We believe “not losing the money”, avoiding permanent loss of capital, should be the number one objective for the serious money of serious investors. We believe that doing everything in our power to help reduce the likelihood of large declines in portfolio value is the correct pursuit. In doing so, we seek more consistent, sustainable returns with less volatility than the market averages.
In this pursuit, we believe that “conventional wisdom” or “conventional thinking” about most planning and investment topics can be perilous. For example, many investors have been conditioned to believe some version of “higher risk equals higher returns”, that volatility is simply the price one must pay for a bigger pile of money in the future. We do not subscribe to this notion. We believe “not losing the money”, avoiding permanent loss of capital, should be the number one objective for the serious money of serious investors. We believe that doing everything in our power to help reduce the likelihood of large declines in portfolio value is the correct pursuit. In doing so, we seek more consistent, sustainable returns with less volatility than the market averages.
Services Include
- Wealth ManagementFootnote1
- Alternative InvestmentsFootnote2
- Cash Management and Lending ProductsFootnote3
- 401(k) Rollovers
- AnnuitiesFootnote4
- Financial PlanningFootnote5
- Life InsuranceFootnote6
- Long-term Care InsuranceFootnote7
- Planning for Education FundingFootnote8
- Professional Portfolio ManagementFootnote9
- Qualified Retirement PlansFootnote10
- Retirement PlanningFootnote11
- Trust AccountsFootnote12
Securities Agent: MT, LA, FL, DC, UT, TX, WV, NY, MO, GA, CA, WI, OH, MI, VA, NC, ME, CO, NV, KY, WA, MA, IN, AR, TN, PA, NJ, IL; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1468445
NMLS#: 1468445
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
What You Can Expect
1) We start with a multi-generational financial plan which serves as the basis for investment decision-making. We review your plan regularly and track your progress toward your goals. We establish a personal, needs-based benchmark by which to assess overall investment performance.
2) 12-4-2: 12 monthly, scheduled conversations with you. Of those 12 conversations, 4 will be quarterly reviews and 2 of those 4 will ideally be in person.
3) If you have concerns or questions between our monthly meetings, we are committed to responding to you in a timely manner with a goal to resolve issues within 24 hours.
4) Importantly, in order to provide this level of service, we are committed to serving a limited number of clients who trust us, understand our processes and philosophy and will communicate openly and regularly with us in the pursuit of their long and short-term goals.
2) 12-4-2: 12 monthly, scheduled conversations with you. Of those 12 conversations, 4 will be quarterly reviews and 2 of those 4 will ideally be in person.
3) If you have concerns or questions between our monthly meetings, we are committed to responding to you in a timely manner with a goal to resolve issues within 24 hours.
4) Importantly, in order to provide this level of service, we are committed to serving a limited number of clients who trust us, understand our processes and philosophy and will communicate openly and regularly with us in the pursuit of their long and short-term goals.
Core Promises
1) We will implement strategies designed to help consistently and promptly capitalize on the intellectual capital of our firm.
2) We will provide wise diversification across traditional and alternative asset classes as well as diversification across sectors, styles, and methodologies.
3) We will "start with the end in mind" and carefully arrange client portfolios based on goals, spending needs, and emergency plan provisions as well as current and anticipated market conditions.
4) We will teach our clients through regular communication and provide them with an understanding of the investments we have selected. We believe knowledge builds confidence, and confidence can help lead to better results.
5) We will carefully monitor client investments, regularly and opportunistically rebalancing our strategies in an effort to help reduce risk and potentially improve returns.
6) We will monitor our clients' total costs and deliver on our core promises at a reasonable and competitive price.
Diversification does not guarantee a profit or protect against loss in a declining financial market.
Rebalancing does not protect against a loss in declining financial markets. There may be a potential tax implication with a rebalancing strategy. Investors should consult with their tax advisor before implementing such a strategy.
2) We will provide wise diversification across traditional and alternative asset classes as well as diversification across sectors, styles, and methodologies.
3) We will "start with the end in mind" and carefully arrange client portfolios based on goals, spending needs, and emergency plan provisions as well as current and anticipated market conditions.
4) We will teach our clients through regular communication and provide them with an understanding of the investments we have selected. We believe knowledge builds confidence, and confidence can help lead to better results.
5) We will carefully monitor client investments, regularly and opportunistically rebalancing our strategies in an effort to help reduce risk and potentially improve returns.
6) We will monitor our clients' total costs and deliver on our core promises at a reasonable and competitive price.
Diversification does not guarantee a profit or protect against loss in a declining financial market.
Rebalancing does not protect against a loss in declining financial markets. There may be a potential tax implication with a rebalancing strategy. Investors should consult with their tax advisor before implementing such a strategy.
Our Philosophy
We think building wealth starts with not losing. Our investment philosophy begins with a deep respect for the constructive and destructive powers of the stock and bond markets and an understanding that declines in the value of an investment are far more destructive than the same percentage gains are constructive. Understanding this is important. Therefore, we focus first on building durable discretionary portfolios that are designed to display less volatility during declining markets while offering acceptable returns in bull markets. We start with capital preservation in mind. While we agree that panic selling consistently proves to be a losing emotional reaction, we believe avoiding conditions of panic in the first place is more viable. We seek to do everything in our power to help you preserve capital and grow wealth at a responsible and sustainable pace at all times, under all market conditions.
Past performance of any security is not a guarantee of future performance. There is no guarantee that this investment strategy will work under all market conditions.
This material is intended only for clients and prospective clients of the Portfolio Management program. This 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 through the link below or through contacting your Financial Advisor.
Past performance of any security is not a guarantee of future performance. There is no guarantee that this investment strategy will work under all market conditions.
This material is intended only for clients and prospective clients of the Portfolio Management program. This 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 through the link below or through contacting your Financial Advisor.
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Here at Morgan Stanley, we want to use technology to improve how you manage your finances. Let's explore our revolutionary tech tools that can help you:
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Alternative Investments
Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income. From simplified vehicles available more broadly to institutional strategies, the platform supports a goals-based approach for asset allocation tailored to investor needs.
Morgan Stanley Alternative Investments
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View all your external financial accounts directly in MSO or the mobile app. By linking your accounts, you'll benefit from more informed wealth planning, secure data access, and convenient connectivity.
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Goals Planning System (GPS)
GPS is Morgan Stanley's own integrated planning tool built on the Firm's intellectual capital and capabilities. GPS is an intuitive and efficient platform used to quickly access whether a client is "On Track" to achieving their financial goals.
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Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential, manage unrealized gains and help keep more of what you earn.
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Portfolio Risk Platform
The Portfolio Risk Platform - Powered by Aladdin is a risk management platform that provides comprehensive risk estimation and reporting across a broad range of asset classes and security types. This platform provides both an overview and detailed view to better enable risk to be effectively monitored and managed.
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Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
Get Started TodayWhat's Happening in Finance?
Here at Morgan Stanley, we strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
Global Investment Committee on the Markets
A monthly publication that summarizes the Global Investment Committee's market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out this month's edition here.
GIC on the Markets Report
GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income. Click the link below to read the full report.
GIC Weekly Report
Thoughts on the Market
Morgan Stanley's Research equity strategists, economists, and analysts share their latest views regarding the forces shaping the markets as well as insights on investment opportunities and risk across global asset classes. Click the link below to check out the latest editions.
This Week's Podcast
2025 Global Macro Outlook
Global growth is likely to be around 3% in 2025 and 2026, as tariff and immigration policies begin to slow the U.S. economy late next year, and China’s underperformance restrains emerging markets.
Click Here to Read MoreLocation
444 East Main St
Ste 111
Lexington, KY 40507
US
Direct:
(859) 231-9539(859) 231-9539
Toll-Free:
(800) 354-9559(800) 354-9559
Fax:
(859) 231-9567(859) 231-9567
Meet My Team
TJ Keck
Registered Client Service Associate
Phone:
(859) 231-9561(859) 231-9561
About Clyde W. Pelton Jr.
Clyde has 26 years of investment industry experience, serving clients as a portfolio manager, financial advisor and branch manager. In his supervisory role, for more than 15 years, Clyde gained a comprehensive perspective on client servicing, having observed a wide range of asset management strategies as well as client and advisor behavior during positive and adverse market conditions. These observations over time have informed his view on the importance of risk management and the powerful impact of effective capital preservation strategies during negative market environments. As an undergraduate, Clyde attended Oxford University as a non-matriculated student studying international economics and English and graduated from Hendrix College in 1986 with a BA in Political Science, whereupon he accepted a commission as a Marine Corps officer. As a Naval Aviator during Operation Desert Storm and Desert Shield, from the aircraft carriers USS Tarawa and USS Tripoli, Clyde flew over 50 assault support helicopter missions and was awarded the National Defense Service Medal, the Kuwait Liberation Medal, the Navy Air Medal and the Humanitarian Service Award.
Clyde and his wife, Lara, live in Lexington with their two teenage children, Megan and Sean, and together enjoy a wide range of health, sports and fitness activities. Clyde has served as a member of the Lexington Rotary Club, and previously served on the YMCA of Lexington Metro Board of Directors and the Board of Directors for the Chamber Music Festival of Lexington.
Clyde and his wife, Lara, live in Lexington with their two teenage children, Megan and Sean, and together enjoy a wide range of health, sports and fitness activities. Clyde has served as a member of the Lexington Rotary Club, and previously served on the YMCA of Lexington Metro Board of Directors and the Board of Directors for the Chamber Music Festival of Lexington.
Securities Agent: MT, LA, FL, DC, UT, TX, WV, NY, MO, GA, CA, WI, OH, MI, VA, NC, ME, CO, NV, KY, WA, MA, IN, AR, TN, PA, NJ, IL; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
About TJ Keck
TJ is Minnesota born and Kentucky raised, calling the greater Lexington area home since 2006. He is a graduate of Transylvania University in Lexington where he received his BA in Business Administration with a focus on Finance and Economics. TJ was also a four-year member of the baseball team.
Wealth Management
Global Investment Office
Portfolio Insights
Ready to start a conversation? Contact Clyde Pelton Jr. at Morgan Stanley today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative 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.
3Morgan 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
4Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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.
8When 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.
9Morgan 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.
10When 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.
11When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque 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 | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative 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.
3Morgan 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
4Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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.
8When 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.
9Morgan 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.
10When 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.
11When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque 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 | Morgan Stanley
CRC 4665150 (8/2025)
