Hernan Gonzalez
Managing Director, Private Wealth Management, Portfolio Manager
Phone:
(305) 347-2028(305) 347-2028
Morgan Stanley Private Wealth Management
Convirtus Group
Our Mission Statement
We become trusted advisors by giving clients honest, knowledgeable advice. Our experience investing portfolios aligns with our clients' goal of preserving their net worth for future generations.
Welcome
As Morgan Stanley Private Wealth Advisors, we combine our own talents and experience with the vast resources of a global financial services firm to address the planning, governance, liability management and investing needs of ultra high net worth families, their businesses and philanthropic enterprises. We take a holistic approach that is grounded in investment strategy, but covers virtually every aspect of your financial life: risk management, liabilities, trusts and estate structures and even family dynamics and lifestyle management issues. Our goal is to help preserve and grow your financial, family and social capital so that it can have the greatest positive impact today and for generations to come.
We look forward to learning more about you and your family, and discussing the resources we can place at your disposal.
We look forward to learning more about you and your family, and discussing the resources we can place at your disposal.
Capabilities
- Portfolio Management
- Investment Strategies for Family Offices
- International Investing
- Sustainable & Responsible InvestingFootnote1
- 10b5-(1) Programs
- Lifestyle Advisory ServicesFootnote2
- Philanthropy Management
- Hedging Strategies
- Pre-Liquidity Planning
- Family Governance & Wealth Education
- Cash Management & LendingFootnote3
- Securities Based LendingFootnote4
- Comprehensive Wealth Planning
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Approach
Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
Global Franchise
Morgan Stanley serves a global clientele of individuals, families, corporations, endowments, foundations, governments and others through three core businesses:
- Morgan Stanley Wealth Management
- Institutional Securities Group
- Investment Management
Our strength and synergies across each of these businesses not only contributes to the economic vitality and stability of the firm, but also expands the vast resources, expertise and global insight that we can offer you.
Morgan Stanley Franchise Power
- $5.1 trillion in AUM1
- Total Deposits $351 billion1
- Morgan Stanley reported full year net revenues of $54.1 Billion in 20232
- Morgan Stanley's Global employees approximately 80,0001
- The Tier 1 risk-based Capital Ratio under U.S. Basel III was approximately 15%1
- $314 billion in liquidity reserve1
1As of December 31, 2023, Morgan Stanley Quarterly Financial Supplement
2MorganStanley.com/InvestorRelations
Recognitions
To provide the best available service to our clients, our advisors have highlighted a section for their additional licenses or designations that make them stand out.
Family Wealth Director
Our co-founder, Hernan Gonzalez , holds Morgan Stanley’s distinguished Family Wealth Director (FWD) designation. This credential – achieved by approximately one percent of the firm’s 15,000 Financial Advisors – places him among a select group of advisors uniquely qualified to serve the sophisticated needs of ultra-high-net-worth families.
International Client Advisors
International Client Advisors ("ICAs") are positioned to deliver the vast global resources of the firm to clients who reside outside of the United States. We are structured, managed and aligned to support your efforts to deliver an outstanding overall wealth management experience to your clients.
Portfolio Managers
Portfolio Management (PM) program allows Financial Advisors to manage client assets on a fully discretionary basis. The program allows FAs the ability to use either Morgan Stanley Wealth Management research or incorporate their own research into their clients’ portfolios.
Location
200 S Biscayne Blvd
Ste 1100
Miami, FL 33131
US
Direct:
(305) 347-2028(305) 347-2028
Meet Convirtus Group
Francisco Montes
Managing Director, Private Wealth Management, International Client Advisor
Phone:
(305) 347-2070(305) 347-2070
Jose Arredondo
Senior Vice President, Private Wealth Advisor, International Client Advisor
Phone:
(305) 347-2015(305) 347-2015
Francisco Carrera-Justiz
Managing Director, Private Wealth Management, International Client Advisor
Phone:
(305) 347-2060(305) 347-2060
Phone:
(305) 347-6271(305) 347-6271
Carlos Uscategui
Assistant Vice President, Wealth Management Associate
Phone:
(305) 347-2036(305) 347-2036
Silvania Rodrigues
Group Director
Phone:
(305) 347-2052(305) 347-2052
Cristina Palenzuela
Senior Registered Associate
Phone:
(305) 347-6292(305) 347-6292
Alessandra Merino
Senior Client Service Associate
Phone:
(305) 347-6283(305) 347-6283
Camila Fernandini
Analyst
Phone:
(305) 347-2051(305) 347-2051
Yeimi Marfil
Registered Client Service Associate
Phone:
(305) 347-2084(305) 347-2084
About Hernan Gonzalez
Hernan Gonzalez is a Managing Director in Private Wealth Management at Morgan Stanley and has a 29 year career in Finance. Before Morgan Stanley, he worked for 15 years as a Director in Private Banking at Credit Suisse USA, covering Ultra-High Net Worth family groups in Latin America. At CS, he received the Chairman's Club Award for 8 consecutive years. Previously, Hernan worked for 8 years as Vice President in Investment Management at Goldman Sachs, covering Ultra-High Net Worth families and Institutions. His previous experience includes working as Trader for Manufacturers Hanover Trust and as Credit Analyst at Chase Manhattan Bank in Argentina.
Hernan obtained his MBA in Finance from The Wharton School of Business, University of Pennsylvania, in 1993. In 1989, he graduated with a BSc in Business Administration from Universidad Católica Argentina. Hernan is married and has 5 children.
Hernan obtained his MBA in Finance from The Wharton School of Business, University of Pennsylvania, in 1993. In 1989, he graduated with a BSc in Business Administration from Universidad Católica Argentina. Hernan is married and has 5 children.
Securities Agent: WY, VI, VA, TX, SC, SD, PR, PA, OH, NY, NV, NJ, NC, MI, IL, MD, DC, DE, FL, CT, MA, CO, GA, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 1891492
NMLS#: 1891492
About Francisco Montes
Francisco Montes is a Managing Director in the Private Wealth Management division at Morgan Stanley and has a 27 year career in Finance. Francisco joined Morgan Stanley after 24 years of experience managing wealth for Ultra-high net worth individuals at Credit Suisse and Goldman Sachs & Co. Similar to Hernan, Francisco also received the Chairman’s Club Award for 8 consecutive years at Credit Suisse. His previous experience includes working as a consultant for McKinsey & Co. in Spain, as a systems Engineer for IBM and as an account officer for Banco Sudameris in Argentina.
Francisco obtained his MBA in Finance from Wharton School of Business, University of Pennsylvania ,in 1992. Previously, he obtained his Accounting Degree (CPA) from Catholic University of Argentina. Francisco is married and has 2 children.
Francisco obtained his MBA in Finance from Wharton School of Business, University of Pennsylvania ,in 1992. Previously, he obtained his Accounting Degree (CPA) from Catholic University of Argentina. Francisco is married and has 2 children.
Securities Agent: WY, VI, VA, TX, SD, SC, PR, PA, OH, NY, NV, NJ, NC, MI, MD, IL, MA, GA, FL, DE, DC, CT, CO, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 1891496
NMLS#: 1891496
About Jose Arredondo
Jose Arredondo is a Senior Vice President at Morgan Stanley and has over 30 years of experience in the financial industry. Before joining Morgan Stanley Private Wealth Management, Jose was a Director for Credit Suisse in the US Covering Ultra-High Net Worth families in the Andean Pact and Caribbean Region for 17 years. Previously, Jose worked 9 years at Atlantic Security Bank and 9 years at Chase Manhattan Bank. His experience includes wealth management, Corporate Banking, Investment Banking and Treasury.
Jose obtained his MBA in Finance from Wake Forest University. Previously, he graduated as an Industrial Engineer from Universidad Católica de Peru. Jose is married and has 3 children.
Jose obtained his MBA in Finance from Wake Forest University. Previously, he graduated as an Industrial Engineer from Universidad Católica de Peru. Jose is married and has 3 children.
Securities Agent: VI, VA, TX, SD, SC, PR, PA, NY, WY, NV, NJ, NC, MI, MD, MA, IL, GA, FL, DE, DC, CT, OH, CA, CO; General Securities Representative; Investment Advisor Representative
NMLS#: 1940920
NMLS#: 1940920
About Francisco Carrera-Justiz
Francisco Carrera-Justiz is a Managing Director in Morgan Stanley Wealth Management focusing on the Latin America and Caribbean Region. He joined Morgan Stanley in March, 2016 after having served as Director at Credit Suisse Securities USA for 17 years. Francisco helped develop the Latin America Private Banking business while at Credit Suisse. Prior to that, Francisco worked with Chase Manhattan Bank for 9 years at the Private Bank in New York, Geneva and Miami. Francisco is a graduate of the Chase Management Training Program in New York in 1990 and received his Business degree from the AB Freeman School of Business at Tulane University. Francisco serves as a member of the Board of Directors of Bacardi Ltd., a private held family spirits company.
Securities Agent: KS, VI, NY, GA, CT, CO, DE, SC, OH, MI, MA, DC, PR, SD, FL, MD, NV, NC, VA, NJ, IL, TX, PA, WY, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 2376382
NMLS#: 2376382
About Anna Sobczyszyn Abraham
As a Financial Advisor within the Convirtus Group at Morgan Stanley Private Wealth Management's Miami office, Anna Sobczyszyn Abraham focuses on building comprehensive financial plans and investment portfolios for a select group of individuals. With her Financial Planning Specialist designation, Anna works primarily with high-net worth individuals, corporate executives, tech entrepreneurs & co-founders, and women going through significant life transitions.
Anna graduated summa cum laude from Florida International University, where she received a Bachelor in Finance. She holds Series 7 and 66 licenses, passed Level I and Level II of the CFA curriculum, and is a CFA Level III Candidate. She is fluent in English, Spanish, and Polish.
Outside of work, Anna enjoys outside activities such as traveling and sports, specifically tennis.
Anna graduated summa cum laude from Florida International University, where she received a Bachelor in Finance. She holds Series 7 and 66 licenses, passed Level I and Level II of the CFA curriculum, and is a CFA Level III Candidate. She is fluent in English, Spanish, and Polish.
Outside of work, Anna enjoys outside activities such as traveling and sports, specifically tennis.
Securities Agent: SD, MI, PR, AL, PA, NY, MA, DC, VI, NV, NJ, MD, FL, NE, CA, DE, WY, TX, CO, VA, NC, GA, SC, OH, IL, CT, MT; General Securities Representative; Investment Advisor Representative
About Carlos Uscategui
Carlos joined Morgan Stanley International Wealth Management in 2016 after spending 3 years with Credit Suisse Securities and 3 years with JPMorgan Chase & Co. Carlos received his B.S. in Finance from the University of South Florida and his M.S. from Boston University. Carlos assists the team with equities and fixed income trading; as well as the devise, implementation, and monitoring of investment portfolios that include equities, fixed income and alternative investments. Carlos holds Series 7 and 66 licenses.
About Silvania Rodrigues
Silvania has been with the team for over 20 years and has over 25 years of experience in the industry. She is an essential bridge between Advisor, Clients and the Client Service Associates. Prior to joining Morgan Stanley, she was an Assistant Vice President at Credit Suisse for over 15 years. Between 1996 and 2001 she assisted High Net Worth Clients in Latin America at Goldman Sachs.
Silvania obtained her associate degree from Nassau Community College in Long Island New York and is fully registered.
Silvania obtained her associate degree from Nassau Community College in Long Island New York and is fully registered.
About Cristina Palenzuela
Cristina is a Senior Registered Associate in Morgan Stanley International Wealth Management. She joined Morgan Stanley in February 2016 after spending 12 years at Credit Suisse Securities. Cristina has been a member of the Carrera-Justiz team since October 2012. She began in the financial service industry as an operations analyst in 2005 for Credit Suisse Securities. Prior to joining Morgan Stanley, she was an Assistant Vice President at Credit Suisse. Cristina obtained her associate degree from Miami Dade College. Cristina holds Series 7, 63 and 65 licenses.
About Alessandra Merino
Alessandra Merino is one of our Client Service Associates for the team. She graduated with a Bachelor in Finance from Florida International University in 2012. Alessandra holds Series 7 License.
Alessandra manages an extensive range of operational and client service functions. She ensures smooth onboarding process for new clients and provides an outstanding service experience related to account maintenance and client’s daily requests.
Alessandra has over 12 years of industry experience. Previous to Morgan Stanley, she worked at Credit Suisse as a Relationship Associate, EFG Capital as an Institutional Sales Assistant and at Macquarie Capital as a Middle Office/Operations associate.
Alessandra is fluent in English and Spanish.
Alessandra manages an extensive range of operational and client service functions. She ensures smooth onboarding process for new clients and provides an outstanding service experience related to account maintenance and client’s daily requests.
Alessandra has over 12 years of industry experience. Previous to Morgan Stanley, she worked at Credit Suisse as a Relationship Associate, EFG Capital as an Institutional Sales Assistant and at Macquarie Capital as a Middle Office/Operations associate.
Alessandra is fluent in English and Spanish.
About Camila Fernandini
Camila Fernandini is the analyst for the team. She graduated with a Bachelor’s degree in Communication Studies and a minor in Business Administration from Northeastern University in Boston. She holds Series 7 & Series 66 Licenses.
Camila is responsible for execution of orders in brokerage and advisory accounts which involves trading equities, options, fixed income, and mutual funds products. She develops presentation materials and proposals to assist Private Wealth Advisors in servicing their clients. She also provides clients with market and stock research with a primary focus on alternative investments.
Previous to Morgan Stanley, she worked at Merrill Lynch as a Private Wealth Associate.
Camila is fluent in Spanish and English.
Camila is responsible for execution of orders in brokerage and advisory accounts which involves trading equities, options, fixed income, and mutual funds products. She develops presentation materials and proposals to assist Private Wealth Advisors in servicing their clients. She also provides clients with market and stock research with a primary focus on alternative investments.
Previous to Morgan Stanley, she worked at Merrill Lynch as a Private Wealth Associate.
Camila is fluent in Spanish and English.
About Yeimi Marfil
Yeimi Marfil is one of our Client Service Associates for the team. Yeimi graduated from Miami Dade College in 2013. Yeimi holds Series 7 & Series 66 Licenses.
Yeimi manages wide range of administrative duties including but not limited to account openings, wire and security transfers, and provides support with the Morgan Stanley digital platform. Yeimi also assists in processing trade requests.
Yeimi has over 8 years of industry experience. Prior to joining Morgan Stanley, she worked at Wunderlich Securities as a Client Service Associate and at Capital Guardian LLC as an Operations Specialist.
Yeimi is fluent in English and Spanish.
Yeimi manages wide range of administrative duties including but not limited to account openings, wire and security transfers, and provides support with the Morgan Stanley digital platform. Yeimi also assists in processing trade requests.
Yeimi has over 8 years of industry experience. Prior to joining Morgan Stanley, she worked at Wunderlich Securities as a Client Service Associate and at Capital Guardian LLC as an Operations Specialist.
Yeimi is fluent in English and Spanish.
Contact Hernan Gonzalez
Contact Francisco Montes
Contact Jose Arredondo
Contact Francisco Carrera-Justiz
Contact Anna Sobczyszyn Abraham
Private Wealth Management
Professional Insights
On the Markets
Wealth Management
Global Investment Office
Portfolio Insights
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
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Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
Funding Climate Action: Pathways for Philanthropy
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Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.
2Morgan Stanley Smith Barney LLC (the “Firm”) and its affiliates do not currently offer the services provided by this Service Provider(s). The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s). The Firm makes no representations regarding the appropriate or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers for comparative purposes. If you choose to contact the Service Provider(s), do thorough due diligence, and make your own independent decision.
3Morgan 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
4Borrowing against securities may not be appropriate for everyone. You should be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures
2Morgan Stanley Smith Barney LLC (the “Firm”) and its affiliates do not currently offer the services provided by this Service Provider(s). The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s). The Firm makes no representations regarding the appropriate or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers for comparative purposes. If you choose to contact the Service Provider(s), do thorough due diligence, and make your own independent decision.
3Morgan 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
4Borrowing against securities may not be appropriate for everyone. You should be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures
CRC 4237142 (02/2025)
