Douglas W Dugal
Senior Vice President, Financial Advisor, Senior Investment Management Consultant, Senior Portfolio Manager, Financial Planning Specialist
Phone:
(417) 885-1618(417) 885-1618
Douglas W Dugal
Senior Vice President,
Financial Advisor,
Senior Investment Management Consultant,
Portfolio Management Director,
Financial Planning Specialist
Direct:
(417) 885-1618(417) 885-1618
Toll-Free:
(800) 884-5590(800) 884-5590
My Mission Statement
My goal is to be your most trusted advisor through my professional knowledge, my integrity, and my personalized service.
My Story
For more than 22 years in the financial services industry, Doug has worked with sophisticated and diverse investors. He is dedicated to building long lasting relationships based on trust and integrity.
His experience allows him to provide financial advice, research insights and integrated solutions to help meet a broad spectrum of his clients’ financial needs. Doug oversees client portfolios and investments, diving deeply into research and due diligence to analyze options for clients. He focuses on helping to maximize gains, minimize losses and producing risk-adjusted performance.
As a former small business owner himself, Doug focuses on maintaining and preserving the wealth his clients have grown throughout their years. Doug is particularly attuned to how constructing a plan for his clients’ financial journey can impact their overall goals, and pursued and received a Financial Planning Specialist Designation, to enhance his work with clients. Doug’s consistent creativity and excellence in providing a wide range of investment products and wealth management services to his clients earned him Morgan Stanley’s prestigious Century Club recognition for the 8th consecutive year. (2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022)
Forbes Best In State (2022)
A graduate of Missouri State University, Doug completed his Bachelor of Science in Business Administration from Missouri State.
*Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
His experience allows him to provide financial advice, research insights and integrated solutions to help meet a broad spectrum of his clients’ financial needs. Doug oversees client portfolios and investments, diving deeply into research and due diligence to analyze options for clients. He focuses on helping to maximize gains, minimize losses and producing risk-adjusted performance.
As a former small business owner himself, Doug focuses on maintaining and preserving the wealth his clients have grown throughout their years. Doug is particularly attuned to how constructing a plan for his clients’ financial journey can impact their overall goals, and pursued and received a Financial Planning Specialist Designation, to enhance his work with clients. Doug’s consistent creativity and excellence in providing a wide range of investment products and wealth management services to his clients earned him Morgan Stanley’s prestigious Century Club recognition for the 8th consecutive year. (2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022)
Forbes Best In State (2022)
A graduate of Missouri State University, Doug completed his Bachelor of Science in Business Administration from Missouri State.
*Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
Services Include
- Alternative InvestmentsFootnote1
- AnnuitiesFootnote2
- Business Succession PlanningFootnote3
- Cash Management and Lending ProductsFootnote4
- Certificates of DepositFootnote5
- Corporate Retirement PlansFootnote6
- Estate Planning StrategiesFootnote7
- Financial PlanningFootnote8
- Fixed IncomeFootnote9
- Life InsuranceFootnote10
- Long-term Care InsuranceFootnote11
- Municipal BondsFootnote12
- Planning for Education FundingFootnote13
- Professional Portfolio ManagementFootnote14
- Retirement PlanningFootnote15
- Structured ProductsFootnote16
- Trust AccountsFootnote17
- Wealth ManagementFootnote18
- Wealth PlanningFootnote19
- 401(k) Rollovers
- UGMA/UTMAFootnote20
- 529 PlansFootnote21
Securities Agent: MI, AR, NV, NE, MS, MO, ID, NJ, NY, AZ, MN, GA, FL, TN, SC, OK, VA, LA, IL, IA, AL, MA, IN, OH, NM, WA, TX, PA, NC, CO, CA, AK, UT, OR, KS; General Securities Representative; Investment Advisor Representative
NMLS#: 1401586
CA Insurance License #: 4241228
NMLS#: 1401586
CA Insurance License #: 4241228
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Servicing A Wide Variety of Goals
To be truly effective, your plan must reflect the totality of your personal and financial life. My role is to help ensure that your investment objectives are consistent with pressuring financial concerns and your long-term aspirations.
Here are some of my clients that I have helped in achieving their financial goals
- Corporate Executives
- Business Owners and Entrepreneurs
- High Net Worth Individuals and Families
- Retirees
- Institutions and Non-Profits
- Stock Plan Participants
Here are some of my clients that I have helped in achieving their financial goals
- Corporate Executives
- Business Owners and Entrepreneurs
- High Net Worth Individuals and Families
- Retirees
- Institutions and Non-Profits
- Stock Plan Participants
FINANCIAL PLANNING CONSIDERATIONS
The new year brings an opportunity to reflect on the past year and to set new goals for the year ahead. If you’re considering setting physical and mental wellness resolutions, consider adding financial wellness resolutions as well.
If you'd like help with any of these topics, please click the "Contact Me" button and schedule an appointment with me.
If you'd like help with any of these topics, please click the "Contact Me" button and schedule an appointment with me.
Revisit Your Household Budget
Start the year by revisiting your budget. Assess your average monthly income, as well as your fixed and variable expenses, and determine your financial priorities for 2023. For example, maybe you’re looking forward to putting extra income toward a bucket-list vacation over the summer. Or perhaps you’re planning to save even more for retirement. Understanding your top priorities can help you develop the ideal budget for you.
Check Your Emergency Fund
If you haven’t done so already, now’s a good time to double-check that you have sufficient savings for a rainy day. Not only can an emergency fund help you avoid having to liquidate portfolio assets at depressed prices during volatile markets, but it can also help keep you afloat if your employment situation changes. Having an emergency fund—ideally three to six months of living expenses in a safe, liquid account—may provide you with a comfortable cushion and greater focus if you need to pursue new opportunities.
Tackle Your Debt
Even if you’re already good at managing debt, consider taking steps to help reduce and consolidate it further. For example, in today’s labor market, if you’ve gotten a raise or found a new, higher-paying job, consider applying the extra income to any balances with high interest rates. Then, think about consolidating any remaining debt, which can let you swap the varying interest rates on multiple loans, credit lines, or cards for a potentially lower rate on a single loan. Reducing the number of loans you carry can also help simplify your financial life and ease money stress.
Prioritize Your Wellness
According to Morgan Stanley’s 2021 Investor Pulse Poll among U.S. investors, 43% of respondents overall—and 50% of women—reported that their emotional health suffered because of COVID-19. Use the New Year as an opportunity to feel more in control, mentally and financially. Consider taking advantage of any employer wellness resources for physical, mental, or financial health.
Make Sure You’re on Track With Your Goals
As you begin a new year, be sure to check whether you’re still tracking toward your goals, such as saving and investing for a comfortable retirement. If you’re off track, work with a financial advisor on our team to figure out why—and how you can get back on the right path. If you’re still on track with your goals, talk to us about new goals you want to work toward.
Evaluate Your Risk
When it comes to your portfolio, you want to make sure everything is being accounted for. Research, technology, and innovation can all help you make smarter decisions about your investments. Morgan Stanley's Portfolio Risk Platform analyzes over 3,000 risk factors and models what-if scenarios so you can see the potential impacts of hypothetical market shocks. Contact our team to get you set up with our state-of-the-art risk platform.
Media and Research
Morgan Stanley seeks to make complex financial ideas more digestible. We want our clients to understand our process and methodologies on their behalf, to plan for their financial future, and why. The links below provide in-depth analysis on current on the worlds of business and finance not only now, but in the future.
Thoughts On The Market Podcast
Join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he discusses the latest trends in the financial marketplace.
Learn More
Morgan Stanley Market Trends
From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets.
Learn More
Morgan Stanley Ideas Podcast
The Morgan Stanley Ideas Podcast brings you revealing stories about the world of business, finance, technology and beyond. Click the link below for more information and to access a library of interesting content.
Learn More
Morgan Stanley Personal Finance
Learn from our industry leaders about how to manage your wealth and help meet your personal financial goals.
Learn More HerePARTNERING WITH MORGAN STANLEY
Partnering with the a premier wealth management firm has its potential perks. Morgan Stanley strives to ensure it serves clients on its technology platforms that are resilient, safe and efficient. 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.
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. They include:
- eAuthorizations, an enhanced way to authorize transactions with one click on Morgan Stanley Online and the Morgan Stanley Mobile App
- Managing your everyday finances such as paying bills online, sending money or transferring funds
Learn More- eAuthorizations, an enhanced way to authorize transactions with one click on Morgan Stanley Online and the Morgan Stanley Mobile App
- Managing your everyday finances such as paying bills online, sending money or transferring funds
Online Security Center
Our dedicated team of cybersecurity experts is drawn from former senior professionals at government security agencies and the technology industry.
Online Security Center
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 or Morgan Stanley Mobile App profile.
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.
Learn MoreThe 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.
Aladdin
Aladdin, our new Portfolio Risk Platform, allows your advisor to view your risk and returns across all of your portfolios. Aladdin empowers clients with better analysis of specific risk drivers and models based on simulated markets and more.
Portfolio Risk PlatformLocation
1535 East Primrose St
Springfield, MO 65804
US
Direct:
(417) 885-1618(417) 885-1618
Toll-Free:
(800) 884-5590(800) 884-5590
Fax:
(417) 882-9744(417) 882-9744
Meet My Team
Rebecca Yasinski
Senior Registered Associate, Portfolio Associate
Phone:
(417) 885-1603(417) 885-1603
Diana DeFord
Registered Associate
Phone:
(417) 885-1633(417) 885-1633
About Douglas W Dugal
For more than 20 years in the financial services industry, Doug has worked with sophisticated and diverse investors. He is dedicated to building long lasting relationships based on trust and integrity.
His experience allows him to provide financial advice, research insights and integrated solutions to help meet a broad spectrum of his clients’ financial needs. Doug oversees client portfolios and investments, diving deeply into research and due diligence to analyze options for clients. He focuses on maximizing gains, minimizing losses and producing risk-adjusted performance.
As a former small business owner himself, Doug focuses on maintaining and preserving the wealth his clients have grown throughout their years. Doug is particularly attuned to how constructing a plan for his clients’ financial journey can impact their overall goals, and pursued and received a Financial Planning Specialist Designation, to enhance his work with clients. Doug’s consistent creativity and excellence in providing a wide range of investment products and wealth management services to his clients earned him Morgan Stanley’s prestigious Century Club recognition for the 6th consecutive year. (2014, 2015, 2016, 2017, 2018 and 2019)
A graduate of Missouri State University, Doug completed his Bachelor of Science in Business Administration from Missouri State.
His experience allows him to provide financial advice, research insights and integrated solutions to help meet a broad spectrum of his clients’ financial needs. Doug oversees client portfolios and investments, diving deeply into research and due diligence to analyze options for clients. He focuses on maximizing gains, minimizing losses and producing risk-adjusted performance.
As a former small business owner himself, Doug focuses on maintaining and preserving the wealth his clients have grown throughout their years. Doug is particularly attuned to how constructing a plan for his clients’ financial journey can impact their overall goals, and pursued and received a Financial Planning Specialist Designation, to enhance his work with clients. Doug’s consistent creativity and excellence in providing a wide range of investment products and wealth management services to his clients earned him Morgan Stanley’s prestigious Century Club recognition for the 6th consecutive year. (2014, 2015, 2016, 2017, 2018 and 2019)
A graduate of Missouri State University, Doug completed his Bachelor of Science in Business Administration from Missouri State.
Securities Agent: MI, AR, NV, NE, MS, MO, ID, NJ, NY, AZ, MN, GA, FL, TN, SC, OK, VA, LA, IL, IA, AL, MA, IN, OH, NM, WA, TX, PA, NC, CO, CA, AK, UT, OR, KS; General Securities Representative; Investment Advisor Representative
About Rebecca Yasinski
Rebecca is a Portfolio Associate for the team and is responsible for many of the daily needs of our clients. She enjoys getting to know new clients during the onboarding process as well as deepening relationships with existing clients.
Rebecca began her career at Shearson Lehman Hutton, a Morgan Stanley predecessor firm, in St. Louis in 1988 and has been with our Springfield office since 1993. She holds Series 7, 63, 3, and 8 licenses. She was recognized for her leadership and experience by serving as a complex training coach and mentor for newly hired service professionals for several years.
In her free time, Rebecca enjoys serving on the women’s ministry leadership team at her church and spending time with her family, especially her granddaughter.
Rebecca began her career at Shearson Lehman Hutton, a Morgan Stanley predecessor firm, in St. Louis in 1988 and has been with our Springfield office since 1993. She holds Series 7, 63, 3, and 8 licenses. She was recognized for her leadership and experience by serving as a complex training coach and mentor for newly hired service professionals for several years.
In her free time, Rebecca enjoys serving on the women’s ministry leadership team at her church and spending time with her family, especially her granddaughter.
About Diana DeFord
Diana joined Morgan Stanley in 2019 and is a Registered Associate for the team. Her prior experience includes over 20 years as an office manager, personnel assistant and executive event coordinator at Assemblies of God World Missions. Diana is committed to serving clients through developing relationships and clear communication. Since joining the Springfield office, she has completed exam requirements and holds the Series 7 and 66 licenses.
Diana and her husband, Stephen, enjoy traveling to a beach and making frequent trips to Texas, where their two adult children, Samuel and Tessa, their spouses and grandchildren reside.
Diana and her husband, Stephen, enjoy traveling to a beach and making frequent trips to Texas, where their two adult children, Samuel and Tessa, their spouses and grandchildren reside.
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Ready to start a conversation? Contact Douglas W Dugal 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.
2Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
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
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.
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 (“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 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Municipal 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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
14Morgan 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.
15When 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.
16Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
17Morgan 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.
18Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
19Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
20Morgan 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.
21Investors 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.
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.
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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
2Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
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
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.
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 (“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 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Municipal 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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
14Morgan 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.
15When 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.
16Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
17Morgan 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.
18Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
19Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
20Morgan 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.
21Investors 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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Awards Disclosures
CRC 6491812 (04/2024)
