My Story and Services

As your Financial Advisor, I can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together, I can help you to preserve and grow your wealth. You will have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Services Include
Securities Agent: NH, LA, AK, WI, OH, IL, ID, MO, NY, CT, OK, WV, NJ, NC, IN, HI, AL, SD, OR, MA, AZ, MD, GA, DC, WY, VT, SC, PR, NM, MT, MN, FL, TX, TN, NV, IA, CO, KS, WA, VA, RI, MI, ME, CA, AR, DE, PA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1724239
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
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    Services We Provide
    FINANCIAL PLANNING: Goals Analysis, Retirement Income, Debt Analysis, Special Circumstances

    INVESTMENT PLANNING: Security Recommendations, Economics, Asset Allocation, Tax Efficient Investing

    WEALTH PLANNING: Wills & Legal Documents, Legacy Planning/Gifting, Family Governance, Charitable Planning

    EXECUTIVE PLANNING: Incentive Compensation, Stock Options, Concentrated Positions, Stock Monetization

    BUSINESS OWNER PLANNING: Risk Management, Cash Management, Retirement Benefits, Succession Planning
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    Our Personalized Process
    1. Discovery Process - We listen, learn, and identify what is important to you and your legacy

    2. Develop Strategies - We determine risk and gather data to analyze current investments and create a financial plan

    3. Onboarding Meeting - We present and discuss the plan

    4. Deployment of Solutions - Focus on asset movement and assign responsibilities

    5. Orientation Meeting - Meet and understand the team and "who to contact"

    6. Wealth Team Integration - Develop and understand your network, liquidity needs, and secondary plans

    7. Strategy/Tactical Meetings - Monitor, discuss, and adjust future transitions

Modern Wealth Management Tools

Our industry is constantly evolving and at Morgan Stanley we strive to stay ahead of the curve. Below are some of the resources we use every day to provide you with the best level of service.
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    Morgan Stanley Online
    Morgan Stanley Online (MSO) has a variety of features beyond viewing your account balance and activity that you should take advantage of. A few advantages include:

    1. Approve wire transfers online after you enroll in eAuthorization
    2. See your total net worth (including assets and liabilities) in one place when you add external accounts
    3. Send money with Zelle
    4. Managing your everyday finances such as paying bills online, sending money or transferring funds.
    Enroll in MSO
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    Total Wealth View
    We've launched a new tool that allows you to link information from your accounts at other financial institutions directly to your Morgan Stanley Online profile.
    Link and Add External Accounts
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    eDelivery
    Morgan Stanley Online has a variety of features that can enhance your digital experience and provide a deeper level of security. One of those tools, eDelivery, allows you to securely save, print, send or receive documents at any time from both Morgan Stanley Online and the Morgan Stanley App.
    Enroll in eDelivery
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    Digital Vault
    The Digital Vault on Morgan Stanley Online and the Mobile App allows for easy sharing and convenient access to life’s most important documents from wills and deeds to financial statements and tax fillings. Easily manage your encrypted financial records all in one place.
    View the Digital Vault
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    Forbes Best-In-State Wealth Management Teams – 2025
    January 2025 - The Harbor Group was ranked #5 on Forbes Magazine’s Best-In-State Wealth Management Teams list.

    Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC for the period 3/31/23-3/31/24
    Registration Link
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    Forbes Top Wealth Management Teams - 2024
    November 2024 – The Harbor Group was named to Forbes Magazine’s Top Wealth Management Teams list.

    Source: Forbes (Awarded Nov 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/23-3/31/24.
    Registration Link
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    Barron's Top 250 Private Wealth Management Teams - 2024
    May 2024 - The Harbor Group was named to Barron’s Top 250 Private Wealth Management Teams list.

    Source: Barron's - Awarded May 2024. Data compiled by Barron's for the time period from Jan 2023 - Dec 2023.
    Recognition Link
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    Forbes Best-In-State Wealth Management Teams - 2024
    January 2024 - The Harbor Group was ranked #3 on Forbes Best-In-State Wealth Management Teams list.

    Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23. (https://www.morganstanley.com/disclosures/awards-disclosure/)
    Recognition Link
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    Forbes America's Top Wealth Management Teams - 2023
    November 2023 - The Harbor Group was ranked #12 on the Forbes' America’s Top Wealth Management Teams list.

    Source: Forbes.com (Awarded Nov 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/22 – 3/31/23
    Recognition Link
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    Forbes Best-In-State Wealth Management Teams - 2023
    January 2023 - The Harbor Group was ranked #3 on the Forbes Best-In-State Wealth Management Teams list.

    Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21-3/31/22.
    Recognition Link
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    Forbes America's Top Wealth Management Teams - 2022
    November 2022 - The Harbor Group was ranked #17 on the Forbes' America’s Top Wealth Management Teams list.

    Source: Forbes.com (Awarded Nov 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/22.
    Recognition Link

Location

55 East 52nd Street 10th
Fl
New York, NY 10055
US
Direct:
(212) 603-6205(212) 603-6205

Meet My Team

About Corey Fleisher

Corey is a Financial Advisor with The Harbor Group at Morgan Stanley in Manhattan, New York. He joined in 2007, supporting the team to help maintain client relationships and facilitate trade executions for high net worth families in various individual securities such as equities, fixed income, options, futures and commodities.

In 2016, Corey assumed a role in Morgan Stanley’s Wealth Advisory Associate program, where he developed comprehensive financial plans for clients of advisors across his branch as well as the Harbor Group. After the program, in 2018, he transitioned into a Financial Advisor role. Together with his partners and team members in The Harbor Group, Corey provides personal and customized strategies that help enable clients to reach their financial goals. He also works with multi-generational families to help educate younger generations as they begin to build and grow their wealth. Notably, Corey was recently named to Morgan Stanley’s 2021 Pacesetter’s Club.

Corey holds a Bachelor’s degree in Business Administration with a focus in Finance from the University of Delaware while also holding a series 7, 3, 63, 65 and insurance license. In the years that Corey has grown with the group, he has also grown his family and is now happily raising two boys with his wife in Pleasantville, New York.

Areas of Focus:
1. Retirement/ Retirement Planning
2. Estate Planning strategies
3. Liquidity Risk Management
4. Family Financial Advisor/Wealth Management
5. Family Wealth Planning
6. Philanthropy Strategies/Philanthropic Management
7. International Investing
8. High Net Worth Investing
9. Charitable Planning
Securities Agent: NH, LA, AK, WI, OH, IL, ID, MO, NY, CT, OK, WV, NJ, NC, IN, HI, AL, SD, OR, MA, AZ, MD, GA, DC, WY, VT, SC, PR, NM, MT, MN, FL, TX, TN, NV, IA, CO, KS, WA, VA, RI, MI, ME, CA, AR, DE, PA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures

About John L Vessa

John Vessa is a Managing Director Wealth Management at Morgan Stanley in New York City who has been with the firm for over 3 decades. John also is a founding partner of The Harbor Group at Morgan Stanley. As a designated Family Wealth Director, John is one of a select few financial advisors recognized by Morgan Stanley for their experience and knowledge in providing wealth advisory services to some of the firm’s most affluent private clients and corporate executives. John is a member of Morgan Stanley’s 2023 prestigious Chairman’s Club, an elite group composed of the Firm’s top Financial Advisors.

Along with Wealth Management, John's team focuses on asset management for SPAC (Special Purpose Acquisition Company) trust accounts. With over 15 years of experience, over 100 SPACs and tens of billions of SPAC trust fund assets managed, John’s team has become a preferred provider in this space.

John has been named to Forbes Magazine’s annual list of America’s Best in State Wealth Advisors (2024, 2023, 2022, 2021, 2020, 2019 and 2018), Barron’s Top 1,200 Financial Advisors (2024, 2023, 2022, 2021 and 2020), the Financial Times 400 Top Financial Advisors (2020), Barron’s Top 250 Private Wealth Management Teams 2024, Forbes America’s Top Wealth Management Teams 2022 and 2023 as well as Forbes Best-In-State Wealth Management Teams 2023 and 2024.

After beginning his career as a Certified Public Accountant at Arthur Anderson & Co., Inc. (however, does not perform this function at Morgan Stanley), John served as VP- Finance for BJK&E advertising agency (now part of the Interpublic Group). John is a Certified Investment Management AnalystSM through IMCA and the Wharton School of Business as well as a CERTIFIED FINANCIAL PLANNER™. A native New Yorker, John currently resides on Long Island where he and his wife have been involved in a variety of community and charitable activities. When not counseling clients, John enjoys travel, golf, music and sports.




Award Disclosures:
2018, 2019, 2022, 2021, 2022, 2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2018, 2019, 2020, 2021, 2022, 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.

2024 Barron's Top 1,200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2024) Data compiled by Barron's based on time period from Sept 2022 - Sept 2023.
2023 Barron's Top 1,200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2023) Data compiled by Barron's based on time period from Sept 2021 - Sept 2022.

2020, 2021, 2022 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2020, 2021, 2022). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.

2020 Financial Times 400 Top Financial Advisors
Source: ft.com (Awarded Apr 2020) Data compiled by the Financial Times based on time period from 6/30/16 - 6/30/19.

2023 & 2022 Forbes America’s Top Wealth Management Teams
Source: Forbes.com (Awarded Nov 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/23.

2022 & 2023 Forbes America’s Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/23.

2024 Barron's Top 250 Private Wealth Management Teams Source: Barron's - Awarded May 2024. Data compiled by Barron's for the time period from Jan 2023 - Dec 2023.
Securities Agent: MD, MA, ID, CA, SD, PR, IN, NV, NH, MN, DC, CT, TX, RI, LA, AZ, WA, VA, SC, NM, NC, IL, GA, DE, VT, TN, MO, AK, WI, ME, AR, NY, MT, IA, NJ, MI, CO, KS, PA, OH, FL, WY; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures

About Jeffrey T Di Napoli

Jeff Di Napoli is an Executive Director, Financial Advisor, and International Client Advisor with The Harbor Group at Morgan Stanley. Jeff is based out of Morgan Stanley’s 5th Avenue complex in New York City, New York where he works with his four business partners and a support team of five associates.

Jeff and his team develop customized wealth management solutions for C-suite executives, families, entrepreneurs, foundations and endowments. As a member of the Estate Planning Council of NYC Jeff is focused on staying current with wealth preservation and transfer strategies. He is a strong advocate of tailored solutions and creates long-term plans for clients to help reach their goals while identifying near-term global tactical opportunities. The Harbor Group manages equity, fixed income and alternative investment portfolios in excess of $4 billion, as of December 31, 2023.

Jeff attended Providence College and after graduation he traveled to the West Coast where he began his career in Finance. Ultimately moving back to NYC where he started his family and joined Smith Barney. Jeff continues to stay involved with Providence College as a board member on the school’s Wall Street Alumni Council and at the Big East basketball tournament cheering for his team. He is very dedicated to community service. The causes closest to his heart include initiatives towards Parkinson’s research in honor of his mother, who has battled the disease for over thirty years, and serving on the Board of Directors of the Institute of Applied Human Dynamics, an organization created in 1957 to support individuals with intellectual and developmental disabilities.

Jeff and his wife live in Larchmont, NY, with their three boys. He is an avid sports fan and enjoys golfing, skiing and recreating meals from his favorite restaurants.

A highly regarded professional, Jeff is consistently named as one of the top financial advisors in America by Forbes and has received multiple national and state recognitions for his accomplishments:
· 2024, 2023, 2022 and 2021 Forbes Best-in State Wealth Advisors
· 2024 & 2023 Forbes Best-In-State Wealth Management Teams
· 2023 & 2022 Forbes America’s Top Wealth Management Teams
· 2020, 2019, 2018, and 2017 Forbes Top Next Gen Wealth Advisors
· 2024 Barron’s Top 250 Private Wealth Management Teams




Areas of Focus:
1. Retirement / Retirement Planning
2. Estate Planning strategies
3. Liquidity Risk Management
4. Family Financial Advisor/Wealth Management
5. Family Wealth Planning
6. Philanthropy Strategies/Philanthropic Management
7. International Advising
8. High Net Worth Investing
9. Charitable Planning



Award Disclosures:
2021, 2022, 2023 & 2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2021, 2022 & 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.

2017, 2018, 2019, & 2020 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (Awarded 2017, 2018, 2019, & 2020). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.

2023 & 2022 Forbes America’s Top Wealth Management Teams
Source: Forbes.com (Awarded Nov 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/23.

2024 & 2023 Forbes America’s Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/23.

2024 Barron's Top 250 Private Wealth Management Teams Source: Barron's - Awarded May 2024. Data compiled by Barron's for the time period from Jan 2023 - Dec 2023.
Securities Agent: DC, NC, NV, MD, IN, DE, TX, PR, PA, NY, LA, CO, AZ, SC, MA, HI, GA, KS, WA, CT, AR, WY, VT, MT, IL, VA, NJ, NH, MN, ID, NM, ME, TN, IA, CA, WI, SD, RI, MO, MI, FL, AK, OH; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures

About Richard Frank

As a Financial Advisor for The Harbor Group, Rich provides personalized wealth advisory services to affluent private clients, C-suite executives, corporations, foundations, and endowments. His practice includes multi-generational families, businesses, and nonprofits, with a family office level of service. Rich focuses on investment management and portfolio construction via a customized investment process that considers each client’s unique goals and risk tolerance.

Rich began his career at Cantor Fitzgerald, a global financial services firm. He received his bachelor’s degree in business administration with a concentration in finance from Towson University. He also completed the Financial Planning Program from New York University’s School of Professional Studies. He holds Series 7, 63, 65 as well as Life, Health, and Variable Annuities licenses.

Rich resides on Long Island with his wife and daughter, commuting to New York City on the LIRR. In his free time, he enjoys travel, exercise, golf, and sports. He is an avid fan of NY sports teams, specifically: Rangers, Giants, Yankees, and Knicks. From Spring through Fall, he thoroughly enjoys time spent tending to his family’s vegetable garden.
Securities Agent: VA, CA, NY, NJ, NH, NC, MO, AK, TX, PR, NM, MS, IL, AR, WI, OR, OH, AZ, IA, HI, KS, MT, ME, ID, FL, AL, WV, SC, RI, OK, IN, DC, CO, VT, MI, MD, MA, CT, WY, WA, PA, MN, LA, TN, SD, NV, GA, DE; General Securities Representative; Investment Advisor Representative
NMLS#: 1913313

About Fitzroy Whyte

Fitzroy is a Financial Advisor with The Harbor Group at Morgan
Stanley focusing on financial planning and strategy. Prior to
joining The Harbor Group in 2023, Fitzroy was a member of the
Morgan Stanley’s 5th Avenue Complex Wealth Advisory team
concentrating in planning and analysis.
Born and raised in Jamaica, Fitzroy immigrated to America at
the young age of 17 to seek better opportunities. Graduating as
salutatorian from a Bronx, New York high school, Fitzroy went
on to earn a business degree at Stony Brook University. Upon
graduation, Fitzroy was offered an assistant manager's role at a
country club in New Rochelle, New York, where he had also
caddied while in college. Fitzroy, proved to be a natural leader,
and spent the next 11 years working tirelessly to ensure that
the operations ran smoothly, and guests had unforgettable
experiences. Fitzroy takes the same attitude towards his clients,
providing clarity and confidence in their financial lives.

While working at the country club, he also owned and operated
a residential cleaning business for seven years before pursuing a
career in finance. Fitzroy has become known for his work ethic,
dedication to providing excellent service, and a willingness to
embrace new challenges.

Outside of work, Fitzroy enjoys spending his free time playing
golf, cooking, entertaining loved ones, taking vacations, and
watching insightful documentaries.
Securities Agent: OK, AL, UT, WY, WI, VT, VA, TX, TN, SD, SC, RI, PR, PA, OH, NY, NV, NM, NJ, NH, NC, MT, MO, MN, MI, ME, MD, MA, LA, WA, IN, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, AZ, CA, AR, AK; General Securities Representative; Investment Advisor Representative

About Iraida Gonzalez

Iraida, First Vice President and Group Director for the Harbor Group, has been a dedicated member of the team for 26 years. Iraida’s story is real life success story seizing every bit of opportunity the firm offered her to advance. Growing up the daughter of a single parent, raised in the Bronx she was taught that hard work and perseverance would be the only way to rise as a Latino female in the world of finance.

For several years Iraida served as the Treasurer for the Women of Woodlawn, an organization focused of making the community a better place. This was achieved by obtaining grants to launch educational initiatives as well as beautification projects.

As Group Director, she oversees all administrative items, monitors all accounts and has constant communication with clients. She graduated from Hunter College with a BA in Sociology. She currently lives in the Edgemont section of Scarsdale with her husband and daughter.

She holds series 7, 63, 66, 3, 9 & 10 licenses as well as being NYS insurance licensed. She is also a Certified Financial Planner ®.*

*This role cannot solicit or provide investment advice

About Katherine Towl Khouri

Drawing on more than 19 years of industry experience, Katie is the Director of Business Strategy with The Harbor Group at Morgan Stanley. Katie engages with clients, management, advisors and advisory professionals to help identify potential investment opportunities and assist with the formulation and implementation of strategic initiatives to meet specific client needs. Katie has served in a variety of business development and leadership roles and dedicates herself to providing clients with confidence.

Katie’s experience in the financial services industry has given her the knowledge regarding comprehensive financial plans, investment manager selection, portfolio analysis, and sound investment strategies that reflect the personal and financial objectives of each individual, family or institution. Katie is committed to building long-term relationships with clients as well as consistently delivering an exceptional client experience.

Katie received her MBA from the Leonard N. Stern School of Business at New York University with a specialization in Finance and a dual BA degree from the University of Michigan in Organizational Studies and Communications. Katie also holds FINRA Series 7, 63 and 66 licenses. Hailing from Westchester County and Manhattan, Katie now resides in Connecticut with her husband and baby boy. She is an active member of the University of Michigan Alumni Association and enjoys volunteering with the American Heart Association. Favorite leisure activities include CrossFit, tennis and spending time with family and friends.

About Diana Patrascu

Diana spearheads the team’s investment management program by conducting research and due diligence across equities, fixed income, mutual funds, separately managed accounts, structured products, and alternative investments. This includes leading the team’s portfolio management and investment manager analysis as well as creating customized strategies that are tailored to specific client needs.

Prior to joining the team, Diana was an Investment Analyst within Credit Suisse’s Private Banking & Wealth Management division, where she helped her Financial Advisors manage both their Equity and Master Limited Partnerships portfolios. She also held prior roles within Mergers & Acquisitions and Structured Products.

Diana was a nationally ranked tennis player who trained and competed both domestically and internationally. She lives in New York City and continues to be an avid tennis player.

She graduated from Boston University’s School of Management, where she majored in Finance and holds the Series 7 and 66 licenses.

About Dawn M. Mazzey

Dawn, who has been in the financial services industry for over two decades, interfaces with our diverse set of clientele, seamlessly and efficiently managing all operational and administrative aspects of the many client requests that come her way. Her eye for detail, organizational skills, and proactive work ethic are integral to the team dynamic, and with over two decades of experience with Morgan Stanley and its predecessors. She will also be a vital source of insight with regards to each client’s unique financial picture. She holds the Series 7/63/65 and Series 9/10 licenses, and has been a registered securities representative since 1994.

Prior to joining Morgan Stanley, Dawn worked at Prudential Securities as a branch facilitator and resource for financial advisors and clients. In this branch management capacity, she served as a liaison between not only the branch and Prudential, but also between the clients and the firm.

Dawn is married and has two children, Harrison and Allison. She is a native New Yorker with strong ties in the community. Her hobbies include taking full advantage of all New York has to offer and volunteering in her free time within her community.
Wealth Management
From My Desk

The Harbor Group Newsletter Q4 2024


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
4 Financially Smart Ways to Take Money Out of Retirement Accounts
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4 Financially Smart Ways to Take Money Out of Retirement Accounts

Discover how planning for required minimum distributions from retirement accounts can help you fund future needs and support loved ones.

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
2025 Global Economic Outlook: U.S. Policies May Temper Global Growth
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2025 Global Economic Outlook: U.S. Policies May Temper Global Growth

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.

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
Taking Control of Your Finances After Death of a Spouse
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Taking Control of Your Finances After Death of a Spouse

Financial planning after a divorce or death can be trying, but with the right approach and the right advice you can turn a difficult situation into empowerment.

Business Planning

Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
  • Succession Planning
  • Business Planning
  • Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Financial Planning for Life After Selling a Business

Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

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 
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Donor Advised Funds: A Smart Way to Manage Your Giving 

There’s more to charitable giving than you may realize. Here’s one method that may be a tax-efficient way to give and can help maximize your impact.

Financial Wellness

Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
  • Reduce employee stress,
  • Improve retention and engagement, and
  • Set themselves apart by offering comprehensive financial wellness benefits.
The Business Case for a Financially Resilient Workforce
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The Business Case for a Financially Resilient Workforce

In the face of turbulent markets, the word “resilience” may be top of mind. Broadly speaking, resilience is the ability to “bounce back” when encountering life’s inevitable challenges.
Ready to start a conversation? Contact Corey S Fleisher today.
1Alternative 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.

For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

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2Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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4Morgan 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

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5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

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6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

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7Morgan 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.

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8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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9Morgan 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.

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10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.

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11Municipal 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.

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12When 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.

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13When 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.

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14Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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15The 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.

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16Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

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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.

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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.

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Awards Disclosures
CRC 6491812 (04/2024)