Louis V. Ruta
First Vice President, Wealth Management
Phone:
(310) 285-2630(310) 285-2630
Jacob H Schkud
Senior Vice President, Wealth Management,
Financial Advisor,
Senior Portfolio Management Director,
Global Sports and Entertainment Director,
Financial Planning Specialist
Direct:
(310) 285-2647(310) 285-2647
Toll-Free:
(800) 458-9838(800) 458-9838
My Mission Statement
My years as a professional volleyball player help me understand the lifestyle challenges of today’s pro athletes. From a wealth management standpoint, athletes and entertainers typically have unique career dynamics and variable income streams. I work with these individuals and their business managers or CPAs to customize strategies designed to meet their lifestyle and career trajectory.
My Story and Services
Jake works with a broad range of clients to incorporate asset management, retirement goals, lending strategies, philanthropic initiatives, insurance protection, succession planning and other key areas into a well-rounded financial strategy. As a Global Sports and Entertainment Director and a former professional athlete himself, Jake uses his knowledge and experience to implement wealth management strategies for clients by concentrating on portfolio management to help meet his client’s life goals. Likewise, as a Senior Portfolio Management Director, he plays an active role in managing client portfolios in accordance with their short- and long-term objectives. Given his tenure at the firm, he understands how to use Morgan Stanley’s global research and resources on clients’ behalf and match its full scope of offerings with their needs.
Jake graduated from Loyola High School of Los Angeles before earning a B.A. in Sociology from the University of Hawai’i at Mānoa, where he played collegiate volleyball. He pursued volleyball after graduation, playing professionally overseas. In addition, he served as captain of the U.S. Youth and Junior National Teams where he traveled the world and later served as a member of the U.S. National Team prepping for the 2012 Olympics. After volleyball, Jake began a career in commercial real estate before shifting to Morgan Stanley in 2013. It was to no surprise that he hit the ground running. Jake was named to Forbes Best-in-State Wealth Management Teams in 2025 and Forbes Next Gen Best-in-State Wealth Advisor by Forbes in 2019 & 2024. He was a member of Morgan Stanley’s Pacesetter’s Club, a global recognition program for Financial Advisors who have demonstrated high professional standards and first-class client service early in their careers.
A native of Santa Monica, CA, Jake currently resides in Manhattan Beach, with his wife, Courtney and their two sons; JJ and Logan. In his free time, he enjoys traveling, playing volleyball, golfing, spending time with his family and coaching youth baseball.
*Source: Forbes (Jan 2025) 2025 Forbes Best-In-State Wealth Management Teams ranking awarded in 2025. This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period from 3/31/23–3/31/24.
*Source: Forbes.com (June 2019) 2019 Forbes Top Next-Gen Wealth Advisors ranking awarded in 2019. This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) during the period from 3/31/18 - 3/31/19.
*Source: Forbes.com (August 2024) 2024 Forbes America's Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-In-State ranking awarded in 2024. This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period from 3/31/23-3/31/24.
Jake graduated from Loyola High School of Los Angeles before earning a B.A. in Sociology from the University of Hawai’i at Mānoa, where he played collegiate volleyball. He pursued volleyball after graduation, playing professionally overseas. In addition, he served as captain of the U.S. Youth and Junior National Teams where he traveled the world and later served as a member of the U.S. National Team prepping for the 2012 Olympics. After volleyball, Jake began a career in commercial real estate before shifting to Morgan Stanley in 2013. It was to no surprise that he hit the ground running. Jake was named to Forbes Best-in-State Wealth Management Teams in 2025 and Forbes Next Gen Best-in-State Wealth Advisor by Forbes in 2019 & 2024. He was a member of Morgan Stanley’s Pacesetter’s Club, a global recognition program for Financial Advisors who have demonstrated high professional standards and first-class client service early in their careers.
A native of Santa Monica, CA, Jake currently resides in Manhattan Beach, with his wife, Courtney and their two sons; JJ and Logan. In his free time, he enjoys traveling, playing volleyball, golfing, spending time with his family and coaching youth baseball.
*Source: Forbes (Jan 2025) 2025 Forbes Best-In-State Wealth Management Teams ranking awarded in 2025. This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period from 3/31/23–3/31/24.
*Source: Forbes.com (June 2019) 2019 Forbes Top Next-Gen Wealth Advisors ranking awarded in 2019. This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) during the period from 3/31/18 - 3/31/19.
*Source: Forbes.com (August 2024) 2024 Forbes America's Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-In-State ranking awarded in 2024. This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period from 3/31/23-3/31/24.
My Clients
- High Net Worth Individuals and Families
- Business Owners
- Corporate Executives
- Legal and Medical Professionals
- Sports and Entertainment Professionals
- Trusts & Estates
- Those with Change of Life Events
- Those with Liquidity Events
Services Include
- Wealth ManagementFootnote1
- Professional Portfolio ManagementFootnote2
- Cash Management and Lending ProductsFootnote3
- Financial PlanningFootnote4
- Business PlanningFootnote5
- Estate Planning StrategiesFootnote6
- Retirement PlanningFootnote7
- Alternative InvestmentsFootnote8
- Fixed IncomeFootnote9
- SyndicateFootnote10
- Structured ProductsFootnote11
- 401(k) Rollovers
Securities Agent: WI, VT, GA, FL, WA, TX, NJ, SC, OH, MD, KS, CT, NV, NC, MS, PA, IL, CO, NM, MT, MI, IA, DC, OR, MN, IN, HI, CA, TN, NY, MA, LA, ID, DE, AZ, MO, WY, VA, UT; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1255495
CA Insurance License #: 0I61223
NMLS#: 1255495
CA Insurance License #: 0I61223
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working with you
My relationships with our clients are paramount to our success as a team. I strive to ensure our six-step advising process is easy, effective and highlights the communication it takes to foster a strong connection.
Discovery
Understanding your needs through deep conversation and relationship building.
Roadmap
Outlining our priorities as it applies to all of your lifegoals, including those that fall outside of investment management.
Research
Understanding how the resources of Morgan Stanley – a leading global firm – as well as outside research can help in achieving your goals.
Planning
Developing and executing a sound financial strategy based on your unique needs, current asset allocation, risk tolerance and future goals - including education, retirement and other contributing factors.
Managing
Constantly monitoring and managing your discretionary accounts in accordance with the changing market conditions and your changing needs.
Checking In
Keeping you up to date through regular reviews and applying changes as necessary to accommodate your needs and any potential shifts in priority. This often involves looking into the future and planning now for how to involve the next generation.
A FOCUSED APPROACH TO INVESTMENTS
I have structured our Portfolio Management program to help you meet your specific financial needs and will be managed on a fully discretionary basis. Leveraging the global resources of Morgan Stanley, I'll monitor the events that affect your financial objectives. Furthermore, we study trends and developments that shape the investment environment, drive the economy and ultimately impact your portfolio's performance. In managing your portfolio, I will offer guidance in both ongoing portfolio management decisions and understanding investment risk while keeping your long-term goals in view.
I follow a four-step process that helps you develop a long-term perspective about your investments.
I follow a four-step process that helps you develop a long-term perspective about your investments.
Establish Financial Objectives
Work with you to establish a realistic set of objectives based on your financial goals, time horizon, liquidity needs and tolerance to volatility and risk.
Define Investment Strategy
Develop an investment strategy designed to help produce optimal portfolio performance: the highest return potential consistent with the strategy's level of risk.
Evaluate and Select Investments
Develop an investment strategy designed to help produce optimal portfolio performance: the highest return potential consistent with the strategy's level of risk.
Ongoing Review Process
Track your portfolio's performance relative to your stated objectives— and modify the portfolio on a discretionary basis as your needs and circumstances change over time.
Global Sports and Entertainment
Jacob is part of an esteemed group of financial advisors at Morgan Stanley with the Global Sports and Entertainment Director Designation. Morgan Stanley's Global Sports and Entertainment department was created with these specific needs in mind. Global Sports and Entertainment Directors have advanced experience working within these very specific fields. Jacob understands the total financial picture and crafts creative financial strategies that account for the unique challenges and dynamics of athletes, entertainers and artists. Each profession is unique with its own characteristics, earnings profile and variable career span. You require a Financial Advisor who knows your industry and how money flows from your work to your wallet, to preserving it to wealth for generations.
Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
Digital Vault
Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
eDelivery
Sign up for eDelivery today and start receiving email notifications as soon as your account documents are available on Morgan Stanley Online or the Morgan Stanley Mobile App. It's quick, convenient & secure.
CashPlus: A Modern Alternative to Banking
With a CashPlus brokerage account, you can manage your cash and get more value, more protection, and a seamless digital experience. Contact me to discuss or click here. Terms apply.
Financial Planning
A variety of planning-related tools—including our award-winning Goals Planning System (GPS) and LifeView—which enable us to provide a single, comprehensive snapshot of your finances and adapt a wealth plan to your ever-changing life demands and modify goals as needed.
Capital Markets
An integrated organization across fixed income, equities, and structured investments leveraging the thought leadership of Morgan Stanley Research and dedicated product specialists to identify key investment opportunities to help enhance the growth potential of diversified portfolios.
Structured Investments
Customized investment strategies —such as yield enhancement strategies and risk mitigation strategies —that serve as powerful allocation tools in modern portfolios.
Socially Responsible Investing
Our Investing with Impact platform has designed a proprietary process to identify your impact priorities and match them with one of our 360+ investment strategies or customizable portfolio solutions across asset classes, to tailor your portfolio and monitor both financial and impact results over time.
Location
9665 Wilshire Blvd
Ste 600
Beverly Hills, CA 90212
US
Direct:
(310) 285-2647(310) 285-2647
Toll-Free:
(800) 458-9838(800) 458-9838
Fax:
(310) 598-3155(310) 598-3155
Meet My Team
Jeana Schkud
Assistant Vice President, Business Development Associate
Phone:
(310) 285-2686(310) 285-2686
Colleen Downie
Senior Client Service Associate
Phone:
(310) 285-2695(310) 285-2695
Peter Rosa
Wealth Management Associate
Phone:
(310) 285-2637(310) 285-2637
About Louis V. Ruta
Louis works with clients to identify and address their financial needs at every life stage. He uses his knowledge to develop strategies that target what clients want to achieve for their investments, retirement lifestyle, estate and legacy vision, philanthropic initiatives, tax efficiency and more. As a Senior Portfolio Manager, Louis is committed to long- term relationships and strives to deliver exceptional client service. He listens carefully to client’s goals, values, aspirations and concerns and works to help them in achieving their financial objectives by creating customized portfolios. As a Global Sports and Entertainment Director at the firm, he has access to specialized resources geared specifically to meeting the unique needs of these individuals.
Louis began his career in the financial industry at Lehman Brothers in 1991 in New York. He has remained with the same firm throughout all the mergers and acquisitions leading to Morgan Stanley today in California. Over the decades, Louis has prided himself in being very accessible and available to share his in-depth understanding of the financial industry with his client base and effectively manage their portfolios. He earned a B.B.A in Finance and minor in Economics from Pace University.
Born in New York, Louis later moved to California in 2001. He currently resides in Glendale with his wife Lizzet and has two children; Lauren and Taylor. Outside of the office, Louis enjoys traveling, spending time with family and golfing.
Louis began his career in the financial industry at Lehman Brothers in 1991 in New York. He has remained with the same firm throughout all the mergers and acquisitions leading to Morgan Stanley today in California. Over the decades, Louis has prided himself in being very accessible and available to share his in-depth understanding of the financial industry with his client base and effectively manage their portfolios. He earned a B.B.A in Finance and minor in Economics from Pace University.
Born in New York, Louis later moved to California in 2001. He currently resides in Glendale with his wife Lizzet and has two children; Lauren and Taylor. Outside of the office, Louis enjoys traveling, spending time with family and golfing.
Securities Agent: MO, OH, NM, MS, IN, VT, TX, CO, WI, NV, NJ, MT, MA, DE, SC, ID, DC, NY, MN, CT, WY, WA, UT, KS, AZ, NC, MI, LA, IL, GA, CA, TN, MD, HI, FL, VA, PA, OR, IA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1255589
CA Insurance License #: 0E20637
NMLS#: 1255589
CA Insurance License #: 0E20637
About Jeana Schkud
Jeana focuses on helping successful individuals and families define and pursue their goals by creating a customized financial plan that aligns with their objectives. This plan serves as a framework for the team as they make recommendations and develop strategies for investment management, estate planning, tax mitigation, insurance needs and other areas that affect clients’ financial picture. In addition, she oversees the team’s client service group.
Jeana began her career at Morgan Stanley in 2014 as a Client Service Associate. She transitioned into the firm’s Wealth Advisor Associate program, where she developed customized financial plans for the Beverly Hills Complex, and upon completion became a Financial Advisor exclusively to The Beverly Hills Legacy Group. From 2017 to 2021, she was named to the firm’s Pacesetters Club, a global recognition program for Financial Advisors who have demonstrated high professional standards and first-class client service early in their careers. Currently, Jeana is the team’s Business Development Associate and Portfolio Management Associate where she participates in the team’s overall business development, portfolio management and marketing as well as the design and updating of tailored reporting for new and existing clients. In addition, she is the main resource for Financial Planning and accompanies the Financial Advisor’s when meeting with clients to evaluate current offerings, develop and implement new services, and strategize to find resolutions. Jeana graduated from The Eller College of Management at The University of Arizona with a B.S.B.A. in Marketing, a minor in Sociology and Sports Management certificate. She then traveled for 6 months through Central America, Europe and Australia.
A native of Santa Monica, CA, Jeana is an avid sports fan, enjoys traveling, going to the beach, and spending time with her family, especially her five nephews.
Jeana began her career at Morgan Stanley in 2014 as a Client Service Associate. She transitioned into the firm’s Wealth Advisor Associate program, where she developed customized financial plans for the Beverly Hills Complex, and upon completion became a Financial Advisor exclusively to The Beverly Hills Legacy Group. From 2017 to 2021, she was named to the firm’s Pacesetters Club, a global recognition program for Financial Advisors who have demonstrated high professional standards and first-class client service early in their careers. Currently, Jeana is the team’s Business Development Associate and Portfolio Management Associate where she participates in the team’s overall business development, portfolio management and marketing as well as the design and updating of tailored reporting for new and existing clients. In addition, she is the main resource for Financial Planning and accompanies the Financial Advisor’s when meeting with clients to evaluate current offerings, develop and implement new services, and strategize to find resolutions. Jeana graduated from The Eller College of Management at The University of Arizona with a B.S.B.A. in Marketing, a minor in Sociology and Sports Management certificate. She then traveled for 6 months through Central America, Europe and Australia.
A native of Santa Monica, CA, Jeana is an avid sports fan, enjoys traveling, going to the beach, and spending time with her family, especially her five nephews.
Securities Agent: GA, HI, IA, ID, IL, LA, MA, MD, MI, MS, MT, NJ, NM, NV, NY, OH, OR, PA, SC, TX, VA, WA, WI, AZ, CA, CO, CT, DC, DE, FL; General Securities Representative; Investment Advisor Representative
CA Insurance License #: 0K69549
CA Insurance License #: 0K69549
About Colleen Downie
Colleen manages administrative, operational and service matters for clients, including opening new accounts, processing paperwork, and troubleshooting questions and requests. She relies on her extensive industry background, knowledge of back-office operations and familiarity with firm resources to resolve clients’ issues efficiently.
Colleen originally joined Morgan Stanley in 1981 and left briefly before returning to the firm in 1987, where she has remained ever since. Her roots with the team date back more than 30 years, as she been a colleague of Henri Schkud since 1991.
Outside the office, Colleen pursues her creative side through jewelry design, custom woodworking, flower arranging and DYI home projects. She also enjoys golfing, skiing, playing softball, riding motorcycles and spending time with family and friends
Colleen originally joined Morgan Stanley in 1981 and left briefly before returning to the firm in 1987, where she has remained ever since. Her roots with the team date back more than 30 years, as she been a colleague of Henri Schkud since 1991.
Outside the office, Colleen pursues her creative side through jewelry design, custom woodworking, flower arranging and DYI home projects. She also enjoys golfing, skiing, playing softball, riding motorcycles and spending time with family and friends
About Peter Rosa
Peter oversees administrative responsibilities for clients, such as opening accounts, handling money movements, and responding to client calls and emails. He provides timely and thoughtful follow-up to their questions and requests, and he is organized and meticulous in his service approach.
Peter began his career at Paine Webber in 1985 and went on to positions at Smith Barney, where he became registered and licensed, and UBS before joining the team at Morgan Stanley in 2019.
Peter was born in Bermuda and later moved to Canada before coming to California. Outside the office, he enjoys the sunrises and sunsets of living at the beach, and he spends time beachcombing to look for treasures that he incorporates into visual art. He also likes gardening and taking on home projects.
Peter began his career at Paine Webber in 1985 and went on to positions at Smith Barney, where he became registered and licensed, and UBS before joining the team at Morgan Stanley in 2019.
Peter was born in Bermuda and later moved to Canada before coming to California. Outside the office, he enjoys the sunrises and sunsets of living at the beach, and he spends time beachcombing to look for treasures that he incorporates into visual art. He also likes gardening and taking on home projects.
Wealth Management
Global Investment Office
Portfolio Insights
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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
Wealth Management for Athletes and Entertainers
Understanding the unique financial challenges of athletes and entertainers and how they differ from one profession to the next, we deliver the experience and resources you need to help create and implement a comprehensive, multigenerational wealth management plan based on your needs, values and aspirations.
- Investment Management
- Wealth Transfer & Philanthropy
- Private Banking Solutions
- Family Governance & Wealth Education
- Lifestyle Advisory
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact Jacob H Schkud today.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
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
4Morgan 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.
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.
6Morgan 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.
7When 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.
8Alternative 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
11Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
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’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.
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
4Morgan 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.
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.
6Morgan 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.
7When 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.
8Alternative 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
11Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
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CRC 4665150 (8/2025)
