Laurence Gerace
Financial Advisor
Phone:
(914) 225-2041(914) 225-2041
Debra P. Stokes, CRPC®
Senior Vice President,
Financial Advisor,
Chartered Retirement Planning Counselor
Direct:
(914) 225-5477(914) 225-5477
Toll-Free:
(888) 499-8544(888) 499-8544
My Mission Statement
Providing tailored financial solutions to help simplify your life, so you can pursue your passions and enjoy the wealth you have created.
Named to the 2025 Forbes Top Women Wealth Advisors Best-In-State
Named to the 2024 Forbes Top Women Wealth Advisors Best-In-State
Source: Forbes.com (Awarded Feb 2024-2025) Data compiled by SHOOK Research LLC for the period 9/30/22 – 9/30/23. 9/30/23-9/30/24
Named to the 2025 Forbes Top Women Wealth Advisors Best-In-State
Named to the 2024 Forbes Top Women Wealth Advisors Best-In-State
Source: Forbes.com (Awarded Feb 2024-2025) Data compiled by SHOOK Research LLC for the period 9/30/22 – 9/30/23. 9/30/23-9/30/24
My Story
As a top industry professional, Debra provides highly personalized advice to busy professionals and multi-generational families, with an emphasis on financial planning and tax efficiency, working in conjunction with legal and accounting advisors. She is privileged to work with a select group of clients whom she considers family as she has worked with many for over 30 years.
Debra is dedicated to building strong relationships with her clients by understanding their family dynamic, and life and financial goals. She helps her clients navigate important life events such as births, deaths, marriages, divorce, retirement, and estate planning. It gives her great joy to help her clients succeed financially, knowing they can take better care of the people they love, spend more time pursuing activities they enjoy, and support the causes that are most important to them. She continues to refine her practice to focus more on relationship building and helping families create their personal legacies that extend from one generation to the next.
Named to the 2025 Forbes Top Women Wealth Advisors Best-In-State
Named to the 2024 Forbes Top Women Wealth Advisors Best-In-State
Source: Forbes.com (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24.
Source: Forbes.com (Awarded Feb 2024) Data compiled by SHOOK Research LLC for the period 9/30/22 – 9/30/23.
Services Include
- Cash Management and Lending ProductsFootnote1
- Wealth ManagementFootnote2
- Professional Portfolio ManagementFootnote3
- Municipal BondsFootnote4
- Financial PlanningFootnote5
- Retirement PlanningFootnote6
- 401(k) Rollovers
- Trust ServicesFootnote7
- Estate Planning StrategiesFootnote8
- Endowments and FoundationsFootnote9
- Philanthropic ManagementFootnote10
- Life InsuranceFootnote11
- Long-term Care InsuranceFootnote12
- Associate Stock Plan Director
- Stock Plan ServicesFootnote13
- Business Succession PlanningFootnote14
Securities Agent: NC, MO, MD, IL, DE, GA, OR, FL, CT, MA, RI, NY, VA, CA, DC, NJ, UT, WA; General Securities Representative; Investment Advisor Representative
NMLS#: 1255765
NMLS#: 1255765
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Experience
Debra brings a lifetime of experience to her role as Vice President, Financial Advisor at Morgan Stanley Wealth Management. Debra began her career at Merrill Lynch in 1986 where she completed an extensive training program and gained a wide range of experience in all aspects of wealth management. She proudly served as a Merrill Lynch Senior Vice President, Financial Advisor for 24 years, guiding her clients through numerous market cycles, and through each situation, helped them maintain the focus and diligence required to help achieve their long-term goals in any market environment. At Merrill Lynch Debra was awarded the prestigious title of Chairman’s Club.
Debra joined Morgan Stanley in 2010 to access the firm’s global resources and first-rate research capabilities. She made the strategic decision to set up her practice within the firm’s Wealth Management Headquarters so her clients would have immediate access to the firm’s thought leaders and analysts.
Debra graduated from Syracuse with a degree in Economics and has earned the prestigious industry designation of Chartered Retirement Planning Counselor. An education advocate, Debra remains committed to advanced learning for herself, her clients and the community. She sits on the advisory board of the Business School at Roger Williams University, where she received a degree in Marketing.
Debra’s passion for helping clients is equaled only by her dedication to her community and giving back. She currently sits on the Advisory Board of Dubin Breast Center Mt. Sinai Hospital. She and her husband are on the Visiting Committee for Thoracic Oncology at the Dana-Faber Cancer Institute, a cause near to her heart as she lost her father to lung cancer. She previously sat on the Westchester Country Club Board of Governors, where she spends a lot of time entertaining clients and family. As an active philanthropist, Debra has unique insight and experience with respect to charitable giving, which she incorporates into her planning process when working with high net worth individuals interested in supporting causes about which they are passionate.
Debra has a strong commitment to her family. When she’s not working with her clients, or giving back to the community through the charitable organizations she’s affiliated with, Debra enjoys spending time with her family. She is happily married to attorney Robert Kaplan and has 3 adult sons -Alex, Laurence, and Allen. She is an avid skier and also enjoys bicycling and has participated in international bicycle trips in Thailand, Laos, India, Myanmar, Chile and Spain.
Debra joined Morgan Stanley in 2010 to access the firm’s global resources and first-rate research capabilities. She made the strategic decision to set up her practice within the firm’s Wealth Management Headquarters so her clients would have immediate access to the firm’s thought leaders and analysts.
Debra graduated from Syracuse with a degree in Economics and has earned the prestigious industry designation of Chartered Retirement Planning Counselor. An education advocate, Debra remains committed to advanced learning for herself, her clients and the community. She sits on the advisory board of the Business School at Roger Williams University, where she received a degree in Marketing.
Debra’s passion for helping clients is equaled only by her dedication to her community and giving back. She currently sits on the Advisory Board of Dubin Breast Center Mt. Sinai Hospital. She and her husband are on the Visiting Committee for Thoracic Oncology at the Dana-Faber Cancer Institute, a cause near to her heart as she lost her father to lung cancer. She previously sat on the Westchester Country Club Board of Governors, where she spends a lot of time entertaining clients and family. As an active philanthropist, Debra has unique insight and experience with respect to charitable giving, which she incorporates into her planning process when working with high net worth individuals interested in supporting causes about which they are passionate.
Debra has a strong commitment to her family. When she’s not working with her clients, or giving back to the community through the charitable organizations she’s affiliated with, Debra enjoys spending time with her family. She is happily married to attorney Robert Kaplan and has 3 adult sons -Alex, Laurence, and Allen. She is an avid skier and also enjoys bicycling and has participated in international bicycle trips in Thailand, Laos, India, Myanmar, Chile and Spain.
We offer an elective tax-efficient solution to potentially improve after-tax portfolio returns and reduce current tax bills.
Our Tax Management Services team is comprised of professionals with extensive asset management and portfolio construction experience. Morgan Stanley was among the first in the industry to provide a single monthly statement to summarize tax savings. We remain committed to helping our clients improve their investment return potential by decreasing their current tax liability. The primary offering is a proprietary investment program that applies a variety of tax-aware strategies designed to minimize current tax gains and potentially enhance after-tax return.
Click the link below to show an example of Tax Harvested Losses, Estimated Tax Savings and Estimated Tax Savings Yields.
Our Tax Management Services team is comprised of professionals with extensive asset management and portfolio construction experience. Morgan Stanley was among the first in the industry to provide a single monthly statement to summarize tax savings. We remain committed to helping our clients improve their investment return potential by decreasing their current tax liability. The primary offering is a proprietary investment program that applies a variety of tax-aware strategies designed to minimize current tax gains and potentially enhance after-tax return.
Click the link below to show an example of Tax Harvested Losses, Estimated Tax Savings and Estimated Tax Savings Yields.
Tax Strategies
- Tax-Efficient Portfolios
- Tax-Loss Harvesting
- Tax-Efficient Trading
- Tax-Smart Strategies for Retirement
- Actively Pursuing Tax Alpha
- Direct Indexing
- Exchange Funds
Client Resources
Morgan Stanley's suite of Modern Wealth Management Tools and Resources allows advisors to offer more customized and comprehensive advice than anywhere else. These tools' ease of use allows for a more in-depth view of a client's financial life to be taken, resulting in better service and more well-rounded advice.
Family Office Resources
Family Office Resources (FOR) is a helpful resource that provides specialized technical expertise to ultra-high net worth advisors and clients across a broad range of family wealth management issues.
Watch Here
Thoughts on the Market Podcast
With perspectives on the forces shaping the market, Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen Here
Total Wealth View
The ability to view all of your assets together provides the opportunity to advise on your Morgan Stanley accounts with your entire financial picture in mind. Log into Morgan Stanley Online or download the Morgan Stanley Mobile App to link and add external accounts.
Total Wealth View
Reserved Living & Giving
Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. Members can enjoy special discounts on travel, dining, holiday gifts and more.
View Offers from Reserved Living & Giving
Tax Tables 2024
For 2024 federal tax information, including Income Tax Tables, Deadlines, Contribution Limits and more.
2024 Tax Tables
Morgan Stanley Online & MS Mobile
Morgan Stanley Online digital capabilities and the Morgan Stanley Mobile App provide clients with access to their account information, enriched reporting tools, several cash management solutions and robust market research. The Morgan Stanley Mobile App provides clients with access to their accounts in just a few taps. Enjoy features such as eAuthorizations, eDelivery and Total Wealth View.
Morgan Stanley Online
Digital Vault
Keeping important documents and financial records organized and readily available is one of the best gifts you can give those you love. In the event of catastrophe or serious illness, disability or death, your Family Records Organizer can immediately provide vital, timely information to both your family and professional advisors. The Digital Vault on Morgan Stanley Online and the Mobile App allows you and your clients to build a central, shared document library where all documents are stored using encryption.
Digital Vault
Wire Transfers
For directions regarding US Dollar denominated wires used to fund Morgan Stanley accounts please reference the link below.
Wire Transfer InstructionsThe best relationships are built on trust, understanding, and shared values. Our collaborative process begins with conversations focused on thorough due diligence and gaining a comprehensive understanding of your life and goals.
Step 1: Discover
We Invest the time to learn about you and your family, your values, goals and risk tolerance, which enables us to formulate strategies suited for your unique situations. During this stage, we gather important data, documents, and financial statements to carefully analyze your current investment portfolio and understand your financial situation and goals.
Step 2: Develop a Tailored Strategy
From this ongoing dialogue, we will analyze your current situation and develop a customized investment strategy, which will include – income and retirement planning, asset preservation, investment management, strategic borrowing, minimization of taxes, and wealth transfer. We work with your accountants and estate attorney to ensure a cohesive and comprehensive strategy.
Step 3: Implementation
We will give you an interactive presentation to explain our recommendations and how they are advantageous to your specific financial situation and goals. After agreeing on a long-term strategy and specific recommendations, we will implement the plan by establishing the new accounts, start any account transfer process and progress towards your goals – a system that links your financial plan to your investment portfolio which helps ensure that your finances are always aligned with your goals.
Step 4: Client Reviews
We continue to meet with you on a periodic basis to perform portfolio performance reviews and monitor your goals to ensure that you remain on track toward your goals and can enjoy the wealth you have created.
Location
2000 Westchester Ave 1nc
Purchase, NY 10577
US
Direct:
(914) 225-5477(914) 225-5477
Toll-Free:
(888) 499-8544(888) 499-8544
Fax:
(914) 225-9553(914) 225-9553
Meet My Team
Ann O. Miller
Portfolio Associate
Phone:
(914) 225-6529(914) 225-6529
About Laurence Gerace
Laurence has been working at Morgan Stanley in various roles since 2017. After completing an extensive Financial Advisor Associate training program at Morgan Stanley, he joined Debra’s team as a Financial Advisor. He currently holds a Series 7, 66, Financial Planning Specialist designation, and NMLS (mortgage) professional licenses. He works with clients to create financial plans and tailors’ strategies in ever-changing market and economic environments.
Laurence studied Economics and Computer Science at the University of Southern California achieving Dean’s List. He enjoys going to the gym, golfing, skiing/snowboarding, surfing, and going on hikes with his German Shepherd. He also has a keen interest in helping solve climate change, volunteering, charitable giving and has previously worked for a non-for-profit writing articles that combine the topic of decarbonization with economics and finance.
Laurence enjoys building meaningful and long-lasting relationships. He derives his success on the satisfaction and success of his clients.
Laurence studied Economics and Computer Science at the University of Southern California achieving Dean’s List. He enjoys going to the gym, golfing, skiing/snowboarding, surfing, and going on hikes with his German Shepherd. He also has a keen interest in helping solve climate change, volunteering, charitable giving and has previously worked for a non-for-profit writing articles that combine the topic of decarbonization with economics and finance.
Laurence enjoys building meaningful and long-lasting relationships. He derives his success on the satisfaction and success of his clients.
Securities Agent: OR, NY, WA, RI, DE, VA, CT, FL, CA, IL, MA, GA, UT, NJ, NC, MO, MD, DC; General Securities Representative; Investment Advisor Representative
About Ann O. Miller
Ann has over 25 years of financial services industry experience. Currently, Ann is a Portfolio Associate where she handles all of the daily administrative and operational tasks and is responsible for the onboarding of client relationships. Ann is committed to providing an exceptional service experience with all of her client interactions. She advocates the modern wealth initiatives offered by the firm and enjoys educating clients on the many benefits and services available at Morgan Stanley. Ann lives in Kent, NY with her husband and two children.
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
Mary Gelfand
Financial Planning Director
Chris Smith
Trust Specialist
Angelo Loumbas
Family Office Resource Generalist
About Mary Gelfand
Mary Gelfand is a vice president and financial planning director, serving Morgan Stanley’s Wealth Management offices in Westchester County, NY and Fairfield County, CT. She is responsible for helping financial advisors with their clients’ and prospects’ financial planning needs.
Mary began her career in financial services in 2003 and joined Morgan Stanley in 2024. Prior to her current position, she worked for Fidelity Investments, Smith Barney, and Ameriprise.
Mary graduated from the University of Florida and holds her CERTIFIED FINANCIAL PLANNER™ designation. Mary lives in Westchester County, NY with her husband and children. Outside of work, Mary is an advocate for children’s healthcare and serves on the Family Advisory Council for the Morgan Stanley Children’s Hospital of NY.
Mary began her career in financial services in 2003 and joined Morgan Stanley in 2024. Prior to her current position, she worked for Fidelity Investments, Smith Barney, and Ameriprise.
Mary graduated from the University of Florida and holds her CERTIFIED FINANCIAL PLANNER™ designation. Mary lives in Westchester County, NY with her husband and children. Outside of work, Mary is an advocate for children’s healthcare and serves on the Family Advisory Council for the Morgan Stanley Children’s Hospital of NY.
About Chris Smith
Chris Smith is an Executive Director and Head of Morgan Stanley’s Trust Services Group. As a 30-year employee of Morgan Stanley, Chris is responsible for maintaining the “Open Architecture” trustee platform, which consists of thirteen third-party trust companies who can serve in a fiduciary, agency or custodial role for ultra-high-net worth client trust accounts. Chris and the Trust Services Group help Advisors, clients, prospects and the professional community understand the corporate trustee services available through Morgan Stanley and how our corporate trustee partners can be used to provide fiduciary solutions for clients. This involves reviewing trust document and statements as well as analyzing family dynamics. Chris then uses this information to recommend one or more of the firm’s third-party corporate trustee partners to possibly serve as trustee, co-trustee or administrative agent for a client trust account.
Prior to joining Morgan Stanley (Dean Witter), Chris worked in the Retirement Plans department of Prudential Securities and prior to that the District Agency department of Prudential Insurance Company. Chris holds a Bachelor of Arts degree in Communication/Journalism and Psychology from St. John Fisher College in Rochester, NY. He lives in Saratoga Springs, NY with his wife Sharon and two boys, Ryan and Michael and has a passion for golf, skiing and horse racing.
Prior to joining Morgan Stanley (Dean Witter), Chris worked in the Retirement Plans department of Prudential Securities and prior to that the District Agency department of Prudential Insurance Company. Chris holds a Bachelor of Arts degree in Communication/Journalism and Psychology from St. John Fisher College in Rochester, NY. He lives in Saratoga Springs, NY with his wife Sharon and two boys, Ryan and Michael and has a passion for golf, skiing and horse racing.
About Angelo Loumbas
Angelo is the Family Office Resources Generalist for Family Office Resources in the New York Metro and New England regions. Angelo provides specialized knowledge to ultra-high net worth clients and their Morgan Stanley Financial Advisors across a broad range of family wealth management issues, including family governance/dynamics, wealth education, strategic estate and financial planning, philanthropy management, lifestyle advisory and customized asset allocation and portfolio construction. Angelo has over twenty-five years experience advising wealthy families, business owners, and philanthropic organizations.
Originally from Chicago, Angelo practiced law for 15 years and represented ultra-high net worth clients and the businesses they owned, as well as major philanthropic organizations. Angelo is admitted to the Society of Trust and Estate Practitioners. He has spoken on topics such as “Conditions Suggesting a Management Buyout” before the Chicago Bar Association Corporation and Business Law Committee, “Tax Consequences of Intra-Family Loans,” before the Chicago Bar Association Trust Law Committee, and “Conversations about Wealth and Philanthropy with Prospective Donors” before the Chicago Council on Planned Giving.
Prior to rejoining Morgan Stanley in his current position in 2018, Angelo advised wealthy clients in the financial services industry for 10 years, first as a Wealth Strategist with US Trust in Chicago, then a Wealth and Estate Planning Specialist within Family Office Resources in Chicago, and finally as a Senior Wealth Planning Strategist for the Wells Fargo Private Bank in Greenwich, Connecticut. Angelo earned his B.A. from DePauw University, his M.B.A. from the University of Notre Dame, and his law degree from Indiana University at Bloomington. He is Series 7, 66 and 24 licensed. Angelo served as President of the Rotary Club of Chicago (“ROTARY/One”), the world’s first Rotary club, in 2009-2010, and now lives in Armonk, New York with his wife, a native New Yorker, and their two children.
Originally from Chicago, Angelo practiced law for 15 years and represented ultra-high net worth clients and the businesses they owned, as well as major philanthropic organizations. Angelo is admitted to the Society of Trust and Estate Practitioners. He has spoken on topics such as “Conditions Suggesting a Management Buyout” before the Chicago Bar Association Corporation and Business Law Committee, “Tax Consequences of Intra-Family Loans,” before the Chicago Bar Association Trust Law Committee, and “Conversations about Wealth and Philanthropy with Prospective Donors” before the Chicago Council on Planned Giving.
Prior to rejoining Morgan Stanley in his current position in 2018, Angelo advised wealthy clients in the financial services industry for 10 years, first as a Wealth Strategist with US Trust in Chicago, then a Wealth and Estate Planning Specialist within Family Office Resources in Chicago, and finally as a Senior Wealth Planning Strategist for the Wells Fargo Private Bank in Greenwich, Connecticut. Angelo earned his B.A. from DePauw University, his M.B.A. from the University of Notre Dame, and his law degree from Indiana University at Bloomington. He is Series 7, 66 and 24 licensed. Angelo served as President of the Rotary Club of Chicago (“ROTARY/One”), the world’s first Rotary club, in 2009-2010, and now lives in Armonk, New York with his wife, a native New Yorker, and their two children.
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Are You Prepared for Tax Day?
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
Article Image
Ready to start a conversation? Contact Debra P. Stokes today.
1Morgan 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
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
3Morgan 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.
4Municipal 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.
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.
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.
7Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“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.
8Morgan 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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Morgan 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.
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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
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
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
3Morgan 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.
4Municipal 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.
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.
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.
7Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“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.
8Morgan 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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Morgan 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.
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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Awards Disclosures
CRC 6491812 (04/2024)
