Scott A. Franklin
Senior Vice President, Financial Advisor, Senior Portfolio Manager
Phone:
(515) 283-7047(515) 283-7047
Franklin Rowan Group at Morgan Stanley
Direct:
(515) 288-6555(515) 288-6555
Toll-Free:
(800) 388-6555(800) 388-6555
Our Mission Statement
Our team is dedicated to helping you with wealth planning strategies for your life and legacy.
Welcome
A personalized Approach to Family Wealth Management
Busy executives, entrepreneurial business owners, and aspiring retirees as well as next-generation family members of long-standing clients are the cornerstone of our practice. We are proud of the fact that many of our clients have been with us for decade(s). We are blessed and honored to work with their children, grandchildren and often their parents.
As your wealth grows, so too does its complexities and the resource required to manage it effectively. Working together we can help you to preserve and grow your wealth. Our Team has over 90 years of combined experience in the investment industry. We believe that working as a team not only provides you with access to a broad array of solutions, but it also helps to ensure that you will benefit from the highest levels of knowledge and service.
We are committed to a process of learning about you and your priorities, while building a trusting relationship and developing an investment strategy unique to you. We seek to accomplish this by providing objective, high-quality advice and exceptional service to grow your wealth and simplify your life.
You’ll 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. Throughout our process, we are straightforward and honest. We tell you what you need to hear—It may not always be what you want to hear. Our deep breadth of knowledge about the many issues of wealth management and retirement planning, coupled with our commitment to client service, have resulted in deeply rewarding, long-term relationships with our clients.
At The Franklin Rowan Group, we know how hard you are working to achieve your goals, and will work even harder to help ensure your wealth leads to continued prosperity for you, your family and the causes you care about most.
Busy executives, entrepreneurial business owners, and aspiring retirees as well as next-generation family members of long-standing clients are the cornerstone of our practice. We are proud of the fact that many of our clients have been with us for decade(s). We are blessed and honored to work with their children, grandchildren and often their parents.
As your wealth grows, so too does its complexities and the resource required to manage it effectively. Working together we can help you to preserve and grow your wealth. Our Team has over 90 years of combined experience in the investment industry. We believe that working as a team not only provides you with access to a broad array of solutions, but it also helps to ensure that you will benefit from the highest levels of knowledge and service.
We are committed to a process of learning about you and your priorities, while building a trusting relationship and developing an investment strategy unique to you. We seek to accomplish this by providing objective, high-quality advice and exceptional service to grow your wealth and simplify your life.
You’ll 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. Throughout our process, we are straightforward and honest. We tell you what you need to hear—It may not always be what you want to hear. Our deep breadth of knowledge about the many issues of wealth management and retirement planning, coupled with our commitment to client service, have resulted in deeply rewarding, long-term relationships with our clients.
At The Franklin Rowan Group, we know how hard you are working to achieve your goals, and will work even harder to help ensure your wealth leads to continued prosperity for you, your family and the causes you care about most.
Services Include
- 401(k) Rollovers
- Asset Management
- Business Succession PlanningFootnote1
- Estate Planning StrategiesFootnote2
- Professional Portfolio ManagementFootnote3
- Wealth Consulting
- Wealth ManagementFootnote4
- Business PlanningFootnote5
- Certificates of DepositFootnote6
- Financial PlanningFootnote7
- Life InsuranceFootnote8
- Long Term Care InsuranceFootnote9
- Municipal BondsFootnote10
- UGMA/UTMAFootnote11
- Corporate Cash Management
- Corporate BondsFootnote12
- Qualified Retirement PlansFootnote13
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
At The Franklin Rowan Group, we are honored to work with a select group of highly successful professionals and business leaders across the country, who value our depth of knowledge and experience in providing comprehensive wealth management solutions that are tailored to help them achieve their most important life goals.
We build wealth management plans from the ground up. This means that we start with the foundation—you. Before we talk about investments, we want a deep understanding of you and your goals. What have you worked hard to achieve? What keeps you up at night? What gets you excited about getting up in the morning? How do you envision life when you retire? We ask these questions and more. Then we create a financial plan tailored to fit your unique needs—a virtual road map that we monitor and adjust as needed.
We build wealth management plans from the ground up. This means that we start with the foundation—you. Before we talk about investments, we want a deep understanding of you and your goals. What have you worked hard to achieve? What keeps you up at night? What gets you excited about getting up in the morning? How do you envision life when you retire? We ask these questions and more. Then we create a financial plan tailored to fit your unique needs—a virtual road map that we monitor and adjust as needed.
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Portfolio Risk Platform
Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
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Portfolios that harness Morgan Stanley's industry-leading advice, resources and risk management—calibrated to your specific goals.
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Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income. From simplified vehicles available more broadly to institutional strategies, the platform supports a goals-based approach for asset allocation tailored to investor needs.
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The Morgan Stanley Global Investment Office provides you with world-class thought leadership timely market commentary, and portfolio ideas to help guide your investment decisions.
Morgan Stanley Portfolio InsightsPersonalized Solutions
From buying a home to rolling over your 401(k) to leaving a lasting legacy, we are here to answer your financial questions and implement the best strategies for your specific goals and circumstances. Here are just some of the questions we help our clients answer every day.
Financial Planning
Life is constantly changing. How do I prepare for a more secure future knowing that certain events – like a divorce or a death in the family – can dramatically impact my plans?
Learn More Here
Retirement Planning
Have I saved enough for retirement so I can maintain my current lifestyle without worrying I’ll run out of money? What is the best way to re-invest my 401(k) when I get ready to leave my company and retire?
Learn More Here
Asset Organization
I have assets spread across multiple organizations and platforms. How do I get organized and simplify my financial life?
Learn More Here
Managing Risk
Life’s risks can reveal themselves in many ways – from loss of life to loss of health. How do I protect myself and my family from life’s unknowns?
Learn More Here
Professional Portfolio Management
I have so many things I want to do with my life. How can one investment strategy balance them all?
Learn More Here
Socially-Responsible Investing
Is there a way to incorporate my personal values into the way I invest without giving up performance?
Learn More Here
Growing Older
Given extended life expectancy, how do I make certain I can afford the health services I may need?
Learn More HereTax Management
Tax Loss Harvesting
Explore how Tax-Loss Harvesting can potentially become tax benefits.
Tax Loss Harvesting
The Tax-Smart Portfolio: Keep More of What You Earn
Tax strategies can have a surprisingly large potential impact on lifetime wealth accumulation. A look at some of the techniques that could help you keep more money growing.
The Tax-Smart Portfolio: Keep More of What You Earn
Tax Solution and Services
Morgan Stanley can help you minimize the effect of taxes on your portfolio through a spectrum of tax solutions and services.
Tax Solution and Services
Location
1080 Jordan Creek Pkwy
Ste 400N
West Des Moines, IA 50266
US
Direct:
(515) 288-6555(515) 288-6555
Toll-Free:
(800) 388-6555(800) 388-6555
Meet Franklin Rowan Group
Lori L. Rowan, CRPS®, CLU®
Financial Advisor, Financial Planning Specialist
Phone:
(515) 283-7016(515) 283-7016
Sally Belas
Senior Registered Client Service Associate, Financial Planning Specialist
Phone:
(515) 283-7017(515) 283-7017
About Scott A. Franklin
Scott Franklin is a Senior Vice President and Senior Portfolio Manager with the Franklin Rowan Group at Morgan Stanley. With over 35 years of experience in the financial services industry, Scott provides investment guidance and education to his clients; helping them realize the benefits of good markets, while weathering the storm of down markets.
Scott’s interest in finance started early, as he made his first stock investment with his lawn mowing money at the age of 16. From that point on, he has been intrigued by the challenges and rewards of being an active participant in the financial markets. Investments and finance became his passion for furthering his education.
Scott graduated from the University of Iowa with a BBA in Finance. Being involved in the student body at Iowa was important to Scott. He was elected President of the undergraduate Student Business Senate, and served in that position for the 1981-1982 academic year.
Since graduating college, Scott has enjoyed the many aspects of being a financial advisor. He considers building trust and long-standing relationships with his clients as one of his proudest accomplishments. Scott is very honored to have many 2nd and 3rd generation clients, and he has begun building 4th generation relationships as well. Scott enjoys remaining connected to his alma mater through leadership and sports. He has previously served as the President of the National I-Club, and currently serves on the Executive Committee.
Scott enjoys attending as many football and basketball games as possible. He lives with his wife, Sue, in Urbandale. They have 3 grown children. In his spare time, Scott enjoys lacing up a pair of running shoes and exploring wherever he happens to be. He also enjoys reading both classic and trending books.
Scott’s interest in finance started early, as he made his first stock investment with his lawn mowing money at the age of 16. From that point on, he has been intrigued by the challenges and rewards of being an active participant in the financial markets. Investments and finance became his passion for furthering his education.
Scott graduated from the University of Iowa with a BBA in Finance. Being involved in the student body at Iowa was important to Scott. He was elected President of the undergraduate Student Business Senate, and served in that position for the 1981-1982 academic year.
Since graduating college, Scott has enjoyed the many aspects of being a financial advisor. He considers building trust and long-standing relationships with his clients as one of his proudest accomplishments. Scott is very honored to have many 2nd and 3rd generation clients, and he has begun building 4th generation relationships as well. Scott enjoys remaining connected to his alma mater through leadership and sports. He has previously served as the President of the National I-Club, and currently serves on the Executive Committee.
Scott enjoys attending as many football and basketball games as possible. He lives with his wife, Sue, in Urbandale. They have 3 grown children. In his spare time, Scott enjoys lacing up a pair of running shoes and exploring wherever he happens to be. He also enjoys reading both classic and trending books.
Securities Agent: ID, MN, NM, WA, FL, AL, VA, OR, MA, WY, TN, MI, AZ, AK, WI, KS, NV, IA, CA, PA, NY, NE, IL, SC, OH, OK, MO, MD, LA, CO, TX, NC; General Securities Representative; Investment Advisor Representative
NMLS#: 1653121
NMLS#: 1653121
About Lori L. Rowan
As a Financial Advisor, I believe success should be measured not just by your financial well-being, but by how confident you feel about your future. My mission is to help you reach your financial goals through a personal relationship based on personalized, knowledgeable advice. This focus is designed to help you reach your goals, giving you greater confidence.
Prior to joining Morgan Stanley, Lori was an Insurance Specialist with Ameriprise Financial. She also has experience as an Regional Marketing Specialist at Prudential (formerly The Hartford), Retirement Sales Consultant at Van Kampen Investments, and Internal Wholesaler at Goldman Sachs. Lori received Van Kampen's "Above and Beyond" award in recognition of her outstanding performance and contributions to the Defined Contribution team. Lori earned a Bachelors degree in Business Management from the University of Northern Iowa. She also holds FINRA Series 7 and 66 licenses, along with the Chartered Retirement Plans Specialist (CRPS®) and Certified Long Term Care (CLTC) designations, and Insurance Licenses (Life, Variable Life, Variable Annuity, Accident & Health).
Lori is a native of Iowa and lives in the Des Moines area with her husband and three boys. Growing up a Hawkeye fan, becoming a Panther at UNI, and then marrying a Cyclone fan, Lori has learned the art of competitive diplomacy! She enjoys attending sporting events of all kinds, especially her boys' football and soccer games. In her free time, Lori also enjoys running and being active in local Community Outreach programs.
Prior to joining Morgan Stanley, Lori was an Insurance Specialist with Ameriprise Financial. She also has experience as an Regional Marketing Specialist at Prudential (formerly The Hartford), Retirement Sales Consultant at Van Kampen Investments, and Internal Wholesaler at Goldman Sachs. Lori received Van Kampen's "Above and Beyond" award in recognition of her outstanding performance and contributions to the Defined Contribution team. Lori earned a Bachelors degree in Business Management from the University of Northern Iowa. She also holds FINRA Series 7 and 66 licenses, along with the Chartered Retirement Plans Specialist (CRPS®) and Certified Long Term Care (CLTC) designations, and Insurance Licenses (Life, Variable Life, Variable Annuity, Accident & Health).
Lori is a native of Iowa and lives in the Des Moines area with her husband and three boys. Growing up a Hawkeye fan, becoming a Panther at UNI, and then marrying a Cyclone fan, Lori has learned the art of competitive diplomacy! She enjoys attending sporting events of all kinds, especially her boys' football and soccer games. In her free time, Lori also enjoys running and being active in local Community Outreach programs.
Securities Agent: WY, MN, IL, MI, AL, OH, LA, MO, MA, KS, NY, CO, AZ, AK, VA, OR, NV, CA, FL, TN, PA, MD, WI, NE, TX, IA; General Securities Representative; Investment Advisor Representative
NMLS#: 2083429
CA Insurance License #: 4087891
NMLS#: 2083429
CA Insurance License #: 4087891
About Sally Belas
Sally Belas is a Senior Registered Associate, Financial Planning Associate with the Franklin Rowan Group at Morgan Stanley. With nearly four decades of experience in the financial services industry, Sally prides herself on outstanding personal service for all her clients.
Sally began her career in the financial services industry in 1980 and has performed many different roles. Her positions have included, Sales Assistant, Backup Cashier, Wire Operator, Tax Shelter Administrator, and Operations Manager. In 1994 she joined Dean Witter, now Morgan Stanley, as financial advisor for 15 years. A Client service associate since 2009, Sally began working with Scott in 2012 and Lori in 2018. She holds her series 7, 63, and 66.
When Sally's not working, she enjoys spending time outside horseback riding, camping and swimming. She loves teaching children how to ride horses and plays the organ and piano for her church. Sally is also an animal's right advocate and regularly fosters and finds homes for stray animals.
*This role cannot solicit or provide investment advice.
Sally began her career in the financial services industry in 1980 and has performed many different roles. Her positions have included, Sales Assistant, Backup Cashier, Wire Operator, Tax Shelter Administrator, and Operations Manager. In 1994 she joined Dean Witter, now Morgan Stanley, as financial advisor for 15 years. A Client service associate since 2009, Sally began working with Scott in 2012 and Lori in 2018. She holds her series 7, 63, and 66.
When Sally's not working, she enjoys spending time outside horseback riding, camping and swimming. She loves teaching children how to ride horses and plays the organ and piano for her church. Sally is also an animal's right advocate and regularly fosters and finds homes for stray animals.
*This role cannot solicit or provide investment advice.
Contact Scott A. Franklin
Contact Lori L. Rowan
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 Franklin Rowan Group today.
1Morgan 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.
2Morgan 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.
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.
4Morgan 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.
5Morgan 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.
6Investors 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.
7Morgan 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.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Municipal 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.
11Morgan 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.
12Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
13When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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
2Morgan 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.
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.
4Morgan 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.
5Morgan 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.
6Investors 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.
7Morgan 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.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Municipal 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.
11Morgan 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.
12Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
13When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
