Lewis Kalmans
Managing Director, Wealth Management, Wealth Advisor, Family Wealth Director, Workplace Advisor – Equity Compensation, Lending Specialist, Alternative Investments Director
Phone:
(713) 968-3111(713) 968-3111
Five Oaks Wealth Management Group at Morgan Stanley
Industry Award WinnerOur Mission Statement
Our objective is to help guide you and your family through all stages of life. Leveraging the intellectual capital and resources of Morgan Stanley, we develop strategies that are designed to help create, preserve and manage your wealth so you can pursue your goals.
Our Mission
Our mission is to help create, help preserve and manage wealth for our clients. We provide comprehensive financial planning and portfolio management services that are designed to help meet the goals and objectives of our clients. We build lifelong client relationships on a foundation of respect and confidence. We put our clients' interests first, act with integrity, and strive for excellence in every facet of our business practice. Success is not measured by performance statistics but rather by our clients' success in achieving their goals.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Overview
Five Oaks Wealth Management Group has been consistently recognized as a leader in the industry. These accolades and titles are a testament to our valued clients and the trust that they place in our team.
Lewis Kalmans
•Forbes Best-In-State Wealth Advisor, 2019-2025 Forbes Best-In-State Wealth Advisors Source: Forbes.com (2019-2025). Data compiled by SHOOK Research LLC based for the period from 3/31/24–3/31/25. (https://www.morganstanley.com/disclosures/awards-disclosure/)]
•Morgan Stanley President's Club, 2011-Present
•Morgan Stanley Thirty Years of Service 2024
•Morgan Stanley Insurance Planning Director 2020
•Morgan Stanley Private Banking Group Summit Club, 2014, 2015, 2016
Forbes Best-In-State Recognition•Morgan Stanley President's Club, 2011-Present
•Morgan Stanley Thirty Years of Service 2024
•Morgan Stanley Insurance Planning Director 2020
•Morgan Stanley Private Banking Group Summit Club, 2014, 2015, 2016
Robert Kline: Certified Private Wealth Advisor® (CPWA®) and Retirement Management Advisor® (RMA®)
A Certified Private Wealth Advisor® is a professional designation for financial advisors who specialize in serving high net worth clients with complex wealth management needs. The CPWA® certification, offered by the Investments & Wealth Institute, equips advisors with advanced skills in estate planning, tax strategies, and portfolio management tailored to affluent individuals and families.
A Retirement Management Advisor® is a professional designation for financial advisors specializing in comprehensive retirement planning, focusing on income strategies, risk management, and lifestyle goals for retirees. Offered by the Investments and Wealth Institute, the RMA® certification equips with advisors with expertise in optimizing retirement outcomes.
A Retirement Management Advisor® is a professional designation for financial advisors specializing in comprehensive retirement planning, focusing on income strategies, risk management, and lifestyle goals for retirees. Offered by the Investments and Wealth Institute, the RMA® certification equips with advisors with expertise in optimizing retirement outcomes.
THE SIGNIFICANCE OF A FAMILY WEALTH DIRECTOR
Lewis Kalmans of the Five Oaks Wealth Management Group, after a rigorous course of study, earned the highly selective Morgan Stanley Family Wealth Director (FWD) certification in 2017. In working with a designated Family Wealth Director, you gain access to the intellectual capital and vast resources of our firm to aid in managing your personal finances. Both our Institutional Securities Group and Morgan Stanley Investment Management extend that range into your professional life, delivering the investment banking, capital markets and institutional investing solutions needed to pursue the strategic ambitions of your enterprise. Our goal is to help you and your family address the myriad challenges of managing significant wealth.
Our Team's Family Wealth Capabilities
A Family Wealth Director (FWD) is a rare distinction, earned by approximately 5% of Morgan Stanley's Financial Advisors as of December 2024. The designation is earned by Morgan Stanly Financial Advisors who have undergone distinctive training to complement their extensive experience working with ultra-high net worth families. To learn more about our family wealth capabilities, click the link below.
Family Governance and Wealth Education
The Family Governance & Wealth Education group helps ultra high net worth families strive to maximize the value of their human capital by addressing sensitive family issues, facilitate communication and manage your family dynamic in an effort to achieve a shared sense of common direction in coordination with your outside advisors.
Legacy & Estate Planning Strategies
We engage with our Executive Planning Director and Wealth Planning Center to provide a fully integrated, comprehensive analysis of your balance sheet, estate plan, and investment strategy through a collaborative process- at your request we will coordinate with your legal tax advisors as well.
Philanthropy Management
We provide our clients with a smart way to give to causes and charities they care about through Morgan Stanley GIFT. Our donor advised fund, GIFT, is a 501(c)(3) public charity structured to offer you a simple, thoughtful and tax-advantageous way to support your favorite charities.
WOMEN IN TRANSITION
The end of a marriage is a tumultuous time. However, for women, divorce and widowhood can raise a unique set of challenges. Women take on many roles and often navigate complex lives. A solid financial foundation can help women manage their financial future and simplify their financial life. The articles below can be used as a resource to help you through this often difficult transition.
Taking Control of Your Finances After Divorce or Death of A Spouse
Divorce or the death of a spouse can turn the best laid financial plans upside down. An income stream dries up; assets may be divided; in short, where life had a feeling of certainty, you may now be standing on shifting ground.
Planning for Your Financial Future
It's natural to feel overwhelmed by all the life events we need to prepare for. But women are tough, and we're smart, and we're planners. Feeling in control of your finances can propel you in so many other areas of your life, so you owe it to yourself to define your goals, start a dialogue with your loved ones and create a game plan. The modern face of wealth is female, so walk confidently into your financial future.
Planning For a New Beginning
Dealing with the impact of divorce on your financial life can make an emotionally difficult time even more challenging. Although divorce is seldom easy, you can prepare for it- and being prepared will help you feel more in control and better equipped to make informed, confident decisions about your financial future.
Life After Divorce
Divorce is almost never easy. The more you know and the better you understand your options, the more prepared you will be to make sound decisions. This will help you take control of your financial life and prepare the way for greater confidence and flexibility in the future.
Making the Most of Your Sudden Wealth
Most financial gains are inheritances, but they can also stem from a variety of other sources such as legal settlements. Suddenly inheriting wealth can propel you to financial security or serve as a source of future regret, if not managed wisely.
Navigating Divorce
It is important to evaluate the impact divorce can have on both your personal and financial matters. The better you understand your options, the more likely you are to make sound financial decisions. This article will help you learn how to build a solid financial strategy that may help provide you with greater confidence and flexibility in the future.
MONTHLY OUTLOOKS & UPDATES
Here at Morgan Stanley, we strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
Mike Wilson: Thoughts on the Market
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
2025 Investment Outlook
Investors face tough choices in an imperfect world, but can look for opportunities in fixed income while remaining cautious on emerging markets and commodities.
Global Investment Committee on the Markets
A monthly publication that summarizes the Global Investment Committee's market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out this month's edition below.
GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income. Click the link below to read the full report.
6 Ways to Start Fresh Financially in 2025
The start of a new year offers an opportunity to reflect on the past and set goals for the future. Revisiting both your personal and financial goals can help set you up for success in 2025 and beyond. Here are six ways to kick off the new year with fresh a perspective:
Megatrends: Driving the Adoption of Electric Vehicles
Investors can gear up for a long-term shift in automotive trends, as electric vehicles are expected to account for 90% of auto sales by 2050. There are potentially numerous opportunities for long-term investors to benefit along the way.
Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential and help keep more of what you earn.
2025 Federal Income Tax Tables
For help filing your taxes this year, our team has published the 2025 tax tables for your reference. Please click the link below to view them.
Location
1330 Post Oak Blvd
Suite 900
Houston, TX 77056
US
16055 Space Center Blvd
Ste 100
Houston, TX 77062
US
Direct:
(281) 280-3311(281) 280-3311
Meet Five Oaks Wealth Management Group
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(281) 280-3311(281) 280-3311
Joyce Bodenhamer
Senior Registered Client Service Associate
Phone:
(713) 968-3116(713) 968-3116
Ty Pratt
Portfolio Associate
Phone:
(281) 280-3321(281) 280-3321
Michelle Katona
Registered Client Service Associate
Phone:
(713) 968-3113(713) 968-3113
About Lewis Kalmans
Since joining Morgan Stanley in June of 1994, Lewis has gained the knowledge and experience essential to educating clients about their portfolios and for developing financial plans according to their individual goals and objectives. In 2017, after a rigorous course of study, Lewis earned the highly selective Morgan Stanley Family Wealth Director certification. Most recently in January 2023, Lewis was promoted to Managing Director. Since 2019, Lewis has been recognized by Forbes as being part of The Forbes Best-In-State Wealth Management Teams. (2019-2025 Forbes Best-In-State Wealth Management Teams)
Source: Forbes.com (Awarded 2019-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
As your family grows and your wealth increases, you may face a broader and more complex set of wealth management challenges. As a Family Wealth Director, our team has extensive experience, training, and resources necessary to help your family address these needs. We help you create and implement a comprehensive wealth management plan based on your unique goals and aspirations.
Five Oaks Wealth Management uses a team-based approach to working with clients and their families to help them achieve their goals and objectives.
Prior to joining Morgan Stanley, Lewis was employed by Neiman Marcus as an assistant buyer in their Dallas, Texas buying office. He has a Bachelor of Arts degree in Economics from Emory University in Atlanta, GA. Lewis and his wife Elyse make their home in Bellaire, Texas, and have three adult children, Aerin, Kendall, and Talia. Outside the office, Lewis is active in the community. He currently serves as on the Board of Directors of Congregation Emanu El and on the executive committee of the Houston Jewish Community Foundation where he is the immediate past Board Chair. Lewis is the past President of the Alumni Board of St. John’s School, and past Brotherhood President and board member of Congregation Emanu El. His hobbies include yoga, running, volunteering, photography, and travel.
Source: Forbes.com (Awarded 2019-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
As your family grows and your wealth increases, you may face a broader and more complex set of wealth management challenges. As a Family Wealth Director, our team has extensive experience, training, and resources necessary to help your family address these needs. We help you create and implement a comprehensive wealth management plan based on your unique goals and aspirations.
Five Oaks Wealth Management uses a team-based approach to working with clients and their families to help them achieve their goals and objectives.
Prior to joining Morgan Stanley, Lewis was employed by Neiman Marcus as an assistant buyer in their Dallas, Texas buying office. He has a Bachelor of Arts degree in Economics from Emory University in Atlanta, GA. Lewis and his wife Elyse make their home in Bellaire, Texas, and have three adult children, Aerin, Kendall, and Talia. Outside the office, Lewis is active in the community. He currently serves as on the Board of Directors of Congregation Emanu El and on the executive committee of the Houston Jewish Community Foundation where he is the immediate past Board Chair. Lewis is the past President of the Alumni Board of St. John’s School, and past Brotherhood President and board member of Congregation Emanu El. His hobbies include yoga, running, volunteering, photography, and travel.
Securities Agent: FL, CA, AR, WA, RI, PA, OH, LA, IN, AK, NC, MN, CO, AZ, VA, SC, NY, MS, MO, DC, TX, ME, ID, UT, NJ, GA, OK, NM, MI, IL, IA, OR, MA, CT, MD; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1252986
NMLS#: 1252986
About Robert Kline
After earning a Finance degree from Texas A&M University, Robert chose to make Houston his home and began his career in the financial services industry in 1986. Over the years, he has furthered his education by obtaining the Certified Private Wealth Advisor® (CPWA®) and Retirement Management Advisor® (RMA®) designations from the Investments & Wealth Institute through The University of Chicago Booth School of Business. Since joining Morgan Stanley, he has been designated as a Portfolio Management Director.
Robert focuses on serving the investment needs of high-net-worth clients and corporations. He is responsible for assisting in the design and implementation of retirement programs that help clients achieve their desired retirement lifestyle. Additionally, he guides businesses in finding appropriate financing solutions and creating comprehensive retirement plans for employees.
With extensive knowledge in financial planning, retirement, estate planning strategies, education, and insurance strategies, Robert is committed to providing comprehensive financial planning to clients. His abilities in developing financing strategies further enhance the services offered.
Outside of his professional life, Robert enjoys golfing, running, hiking, backpacking, traveling, and spending quality time with his wife, Sally, and their children, Devon and Lucy.
Robert focuses on serving the investment needs of high-net-worth clients and corporations. He is responsible for assisting in the design and implementation of retirement programs that help clients achieve their desired retirement lifestyle. Additionally, he guides businesses in finding appropriate financing solutions and creating comprehensive retirement plans for employees.
With extensive knowledge in financial planning, retirement, estate planning strategies, education, and insurance strategies, Robert is committed to providing comprehensive financial planning to clients. His abilities in developing financing strategies further enhance the services offered.
Outside of his professional life, Robert enjoys golfing, running, hiking, backpacking, traveling, and spending quality time with his wife, Sally, and their children, Devon and Lucy.
Securities Agent: ME, DC, WA, PA, NY, FL, CA, AK, OR, MI, MO, CO, SC, RI, NJ, NC, MS, MN, CT, VA, LA, UT, OH, IN, IA, AZ, TX, MA, IL, ID, NM, GA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1629373
CA Insurance License #: 0B25264
NMLS#: 1629373
CA Insurance License #: 0B25264
About Joyce Bodenhamer
Joyce is a Senior Registered Client Service Associate for the Five Oaks Wealth Management Group. She began her career in the financial industry with EF Hutton and has been with Morgan Stanley for 21 years. Joyce holds the FINRA Series 7 and 66 registrations.
After spending 10 years away from Houston, Joyce recently moved back to be close to her daughters who reside in the Houston area. She enjoys spending time with her children and traveling.
After spending 10 years away from Houston, Joyce recently moved back to be close to her daughters who reside in the Houston area. She enjoys spending time with her children and traveling.
About Ty Pratt
Ty is a Portfolio Associate for the Five Oaks Wealth Management Group. She has been with Morgan Stanley since 2019 and holds the FINRA Series 7 and 66 registrations.
Ty moved to Houston after earning her finance degree at Louisiana State University in Baton Rouge, LA. In her spare time, she enjoys being with her family, exploring the Greater Houston area, and traveling.
Ty moved to Houston after earning her finance degree at Louisiana State University in Baton Rouge, LA. In her spare time, she enjoys being with her family, exploring the Greater Houston area, and traveling.
About Michelle Katona
Michelle is a Registered Client Service Associate for the Five Oaks Wealth Management Group. She has been with Morgan Stanley since 2020. Michelle holds the FINRA Series 7 and 66 registrations.
Originally from Columbus, OH, Michelle recently moved to the Houston, TX area. She enjoys volunteering, beach volleyball, and playing classical piano.
Originally from Columbus, OH, Michelle recently moved to the Houston, TX area. She enjoys volunteering, beach volleyball, and playing classical piano.
Contact Lewis Kalmans
Contact Robert Kline
Awards and Recognition
Forbes America's Top Wealth Advisors
2019-2025 Forbes America's Top Wealth Advisors Source: Forbes.com (Awarded 2019-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of the year the award was issued.
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
Ben Cucuzza
Private Banker
About Ben Cucuzza
Ben Cucuzza is a Private Banker serving Morgan Stanley Wealth Management offices in Texas.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Ben began his career in financial services in 2005 and joined Morgan Stanley in 2022. Prior to joining the firm, he was an Affluent Segment Leader at Wells Fargo Bank, N.A.
Ben is a graduate of the University of Georgia, where he received a Bachelor of Business Administration in Marketing. He lives in Houston, Texas with his family. Outside of the office, Ben is involved with the Junior Achievement as well as the Big Brothers Big Sisters program. He also enjoys fishing, sports, and watching the Georgia Bulldogs.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Ben began his career in financial services in 2005 and joined Morgan Stanley in 2022. Prior to joining the firm, he was an Affluent Segment Leader at Wells Fargo Bank, N.A.
Ben is a graduate of the University of Georgia, where he received a Bachelor of Business Administration in Marketing. He lives in Houston, Texas with his family. Outside of the office, Ben is involved with the Junior Achievement as well as the Big Brothers Big Sisters program. He also enjoys fishing, sports, and watching the Georgia Bulldogs.
NMLS#: 703137
Private Bankers, Ultra High Net Worth ("UHNW") Specialists, PBG Market Managers, Lending Advisors, Mortgage Consultants, Regional Mortgage Specialist, Cash Management Specialists, Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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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
Rational Investing in an Age of Uncertainty
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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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
Ready to start a conversation? Contact Five Oaks Wealth Management Group today.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3When 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.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Morgan 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.
6Morgan 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.
7Alternative 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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3When 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.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Morgan 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.
6Morgan 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.
7Alternative 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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
