Senior Vice President, Private Wealth Advisor, Family Wealth Director, Alternative Investments Director
Jeffery D. Kennerly, CEPA®, QPFC
Vice President, Wealth Management,
Financial Advisor,
Certified Exit Planning Advisor™ (CEPA),
Financial Planning Specialist,
Executive Financial Services Director
Direct:
(610) 260-7098(610) 260-7098
Toll-Free:
(800) 336-0156(800) 336-0156
My Mission Statement
To provide every capable family & organization access to the full suite of offerings Morgan Stanley has to offer to maximize their generational wealth and institutional legacy aspirations.
Welcome
Growing up I had a foot in two worlds. For most of the year, I lived in the middle- class city of New Britain in the affluent state of Connecticut with my parents and siblings, and I spent my summers in Wilcox County, Alabama, one of the poorest counties in the country. I helped my paternal grandparents farm a variety of crops and tend to their herd of cattle. I witnessed firsthand financial disparities which served as the catalyst for my lifelong desire to increase access to financial education.
I graduated from the U of New Haven with a BS in Accounting and earned my MBA with a concentration in accounting and taxation. I also played basketball for 4 years at the collegiate level and participated in 3 national post season tournaments while serving as team captain. I then entered the corporate world of taxation consultation. After the birth of my first child, my wife and I interviewed financial professionals, and we were discouraged with what we found. I decided to be the change I wanted to see and recommitted to my passion of teaching financial education beyond the borders of corporate America. I leverage my 15 years of corporate experience to approach wealth management with a strategic and generational focus for my clients.
I joined Morgan Stanley’s Tysons Corner office in late 2016 and brought my unique perspective, financial expertise and strategic solutions-based approach to the families and institutions I serve. In 2019 and 2021 I was a member of Morgan Stanley’s prestigious Pacesetter’s club. In 2022, my family and I relocated to the Greater Philadelphia area to support my wife’s career aspirations. I am now based out of Morgan Stanley’s Conshohocken office where I continue to develop generational and strategic approaches to wealth for the corporate and not for profit executives, entrepreneurs, and families I act as a trusted advisor for. I work across market cycles to intentionally develop financial plans that enable my clients to envision their objectives and achieve their goals.
I serve on the Executive Committee of the Board of Directors for Step Afrika! the only arts organization dedicated to the art of stepping, am a Life Member of Alpha Phi Alpha Fraternity and am a member of the Association of African American Advisors. I also sit on the Advisory Board for Bowie State University’s College of Business Administration and Morgan Stanley’s Mid-Atlantic Diversity Council. In my spare time, I enjoy cycling, spending time with family and eating a delicious meal paired with a nice Whiskey or Bourbon-preferably Uncle Nearest.
Morgan Stanley Smith Barney LLC. Member SIPC.
I graduated from the U of New Haven with a BS in Accounting and earned my MBA with a concentration in accounting and taxation. I also played basketball for 4 years at the collegiate level and participated in 3 national post season tournaments while serving as team captain. I then entered the corporate world of taxation consultation. After the birth of my first child, my wife and I interviewed financial professionals, and we were discouraged with what we found. I decided to be the change I wanted to see and recommitted to my passion of teaching financial education beyond the borders of corporate America. I leverage my 15 years of corporate experience to approach wealth management with a strategic and generational focus for my clients.
I joined Morgan Stanley’s Tysons Corner office in late 2016 and brought my unique perspective, financial expertise and strategic solutions-based approach to the families and institutions I serve. In 2019 and 2021 I was a member of Morgan Stanley’s prestigious Pacesetter’s club. In 2022, my family and I relocated to the Greater Philadelphia area to support my wife’s career aspirations. I am now based out of Morgan Stanley’s Conshohocken office where I continue to develop generational and strategic approaches to wealth for the corporate and not for profit executives, entrepreneurs, and families I act as a trusted advisor for. I work across market cycles to intentionally develop financial plans that enable my clients to envision their objectives and achieve their goals.
I serve on the Executive Committee of the Board of Directors for Step Afrika! the only arts organization dedicated to the art of stepping, am a Life Member of Alpha Phi Alpha Fraternity and am a member of the Association of African American Advisors. I also sit on the Advisory Board for Bowie State University’s College of Business Administration and Morgan Stanley’s Mid-Atlantic Diversity Council. In my spare time, I enjoy cycling, spending time with family and eating a delicious meal paired with a nice Whiskey or Bourbon-preferably Uncle Nearest.
Morgan Stanley Smith Barney LLC. Member SIPC.
Services Include
- Wealth Consulting
- Wealth ManagementFootnote1
- 401(k) Rollovers
- 529 PlansFootnote2
- Business PlanningFootnote3
- Business Succession PlanningFootnote4
- Cash ManagementFootnote5
- Financial PlanningFootnote6
- Qualified Retirement PlansFootnote7
- Retirement PlanningFootnote8
- Endowments and FoundationsFootnote9
- Executive Financial ServicesFootnote10
- Alternative InvestmentsFootnote11
- Philanthropic ManagementFootnote12
Securities Agent: OR, OH, DC, WV, IA, LA, MD, CO, VA, NC, MN, IL, TX, ME, MA, FL, TN, SD, NY, GA, CA, AL, CT, AZ, SC, PA, NJ, MI, WA, VT, NV, AK, DE, WI; General Securities Representative; Investment Advisor Representative
NMLS#: 1698569
NMLS#: 1698569
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Education
University of New Haven – Bachelors in Accounting
University of New Haven – Masters of Business Administration, Concentration in Taxation and Accounting
University of New Haven – Masters of Business Administration, Concentration in Taxation and Accounting
Experience
15 Years of Audit and Advisory Experience across global organizations
8 Years of tax preparation experience for individuals and business owners
CEPA® - Certified Exit Planning Advisor
QPFC® – Qualified Plan Financial Consultant
FPS – Financial Planning Specialist
Executive Financial Services Director
8 Years of tax preparation experience for individuals and business owners
CEPA® - Certified Exit Planning Advisor
QPFC® – Qualified Plan Financial Consultant
FPS – Financial Planning Specialist
Executive Financial Services Director
Philanthropy
Co-Founder – Higher Education Literacy Professionals (H.E.L.P)
Executive Committee – Board of Directors, StepAfrika!
Advisory Board – College of Business at Bowie State University
Athletic Advisory Committee - The Westtown School Athletic Department
Life Member – Alpha Phi Alpha Fraternity Incorporated
General Member – Association of African American Advisors (AAAA)
Previous Chapter President, Vice President and Dir. Of Membership – Greater Hartford Chapter of the National Association of Black Accountants (NABA)
Reoccurring Speaker – My Brother’s Keeper; My Sister’s Keeper (2018 to Present)
Reoccurring Speaker – Black Women in Venture Capital (2022 to Present)
Reoccurring Speaker – Black Women Talk Tech (2022 to Present)
Speaker – Black Wealth Summit - Efficiently Exiting Your Business
Speaker – Northern Virginia Urban League of Young Professionals
Speaker – Alfred Street Baptist Church
Speaker – Boule' Economic Empowerment Summit
Speaker – Association of Black Estate Planning Professionals: Bridging the Racial Wealth Gap – Minding My Business
Speaker – The Well Rounded Accountant Summit – How Accountants Work Best with Financial Advisors
Speaker – SEED Conference: Generational Wealth Discussion – The Value of Professional Advice
Executive Committee – Board of Directors, StepAfrika!
Advisory Board – College of Business at Bowie State University
Athletic Advisory Committee - The Westtown School Athletic Department
Life Member – Alpha Phi Alpha Fraternity Incorporated
General Member – Association of African American Advisors (AAAA)
Previous Chapter President, Vice President and Dir. Of Membership – Greater Hartford Chapter of the National Association of Black Accountants (NABA)
Reoccurring Speaker – My Brother’s Keeper; My Sister’s Keeper (2018 to Present)
Reoccurring Speaker – Black Women in Venture Capital (2022 to Present)
Reoccurring Speaker – Black Women Talk Tech (2022 to Present)
Speaker – Black Wealth Summit - Efficiently Exiting Your Business
Speaker – Northern Virginia Urban League of Young Professionals
Speaker – Alfred Street Baptist Church
Speaker – Boule' Economic Empowerment Summit
Speaker – Association of Black Estate Planning Professionals: Bridging the Racial Wealth Gap – Minding My Business
Speaker – The Well Rounded Accountant Summit – How Accountants Work Best with Financial Advisors
Speaker – SEED Conference: Generational Wealth Discussion – The Value of Professional Advice
WORKING WITH YOU
As your dedicated wealth management team, our role is to tailor a personalized financial strategy which fits your needs. In our experience working with clients, we have developed a step-by-step approach to service:
Discovery Process
We take the time to fully understand you and your family. Whether you’re planning for retirement, purchasing a home, or living out your golden years – we consider all of your challenges, goals, and aspirations when building your financial picture.
Forming Your Strategy
Using your life goals as our compass, we create a risk-balanced strategy which maps a clear path to achieving your success.
Implementing Your Plan
We apply extensive research and analysis, and also utilize Morgan Stanley’s full suite of resources, to ensure swift decisive action in all market scenarios.
Measuring Your Success
We check in with you to deliver metrics around your portfolio, and ultimately measure trajectory towards your goals. Our ultimate mission is your success and well-being.
Morgan Stanley Online
Your investments and everyday finances are always just a few clicks away with Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App.
Learn More About MSO
What Should I Do With My Money Podcast
This podcast provides practical advice from Morgan Stanley financial advisers on topics ranging from creating a budget to financial planning after a divorce.
What Should I Do With My Money Podcast
Total Wealth View
Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access, and convenient connectivity.
Learn More and Enroll in Total Wealth View
A Simple Six-Step Retirement Checkup
Your financial future is one of the most important things you can plan for in life. Review your retirement plan today using this simple guide.
A Simple Six-Step Retirement Checkup
Elder Care Planning Checklist
This is the one conversation you should be having. Take these steps to ensure that you have a plan in place should you or your parents become incapacitated.
Elder Care Planning Checklist
A Parent’s Guide to Talking to Your Kids About Money
Raising kids to be smart about money requires creating an environment where they are neither insecure, nor overconfident about family finances.
A Parent’s Guide to Talking to Your Kids About Money
Digital Vault
The Digital Vault allows you to build a centralized library for all your documents using encryption.
Click here to learn more
Estate Planning Essentials
Estate planning ensures that your wealth is protected and prevents additional hardship for your heirs. Follow these simple steps to help protect your legacy.
Estate Planning EssentialsEvents
I am honored to have so many chances to engage with the community. Please click through the slides to see my past and upcoming speaker events. I would love to see you in person!
Client Service Team
Nerisa Elias - Registered Client Service Associate
Phone:
(610) 260-7055(610) 260-7055
Nerisa, a native of Guyana, South America began her financial career at Police and Fire Federal Credit Union. She spent three years at PFFCU before moving on to JP Morgan & Chase where she served as a Relationship Banker/Small Business Specialist and then transitioned to JP Morgan Private Bank as a Client Service Associate. Nerisa received an Associate in Paralegal Studies for the Community College of Philadelphia ,and his currently working on her finance degree at Purdue University. Nerisa also has her Series 7,6 and 63 licenses and is currently working on completing the Series 66.
Location
100 Front St
Ste 600
West Conshohocken, PA 19428
US
Direct:
(610) 260-7098(610) 260-7098
Toll-Free:
(800) 336-0156(800) 336-0156
Fax:
(703) 822-5949(703) 822-5949
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Managing Director, Private Wealth Management, Private Wealth Advisor, Stock Plan Director
Senior Vice President, Financial Advisor, Senior Portfolio Manager, Investing with Impact Director
Adrian Schwartz, CFP®
Financial Planning Director, Vice President
About Adrian Schwartz
Adrian Schwartz is a Vice President and Financial Planning Director serving Morgan Stanley’s Wealth Management offices the Greater Philadelphia and Coastal New Jersey markets. He is responsible for helping Financial Advisors with their clients’ and prospects’ financial planning needs.
Adrian began his career in financial services in 2011 and joined Morgan Stanley in 2021. Prior to his current position, Adrian worked at TD Ameritrade in New York where he worked with some of the firm’s wealthiest clients in the region and managed two branches.
Adrian graduated from Rutgers Business School with an MBA and holds his CERTIFIED FINANCIAL PLANNER designation. Adrian lives in Manalapan, NJ with his wife and two young children. Outside of work, Adrian spends most of his time with his family. When the opportunity presents itself, he also enjoys playing guitar and golfing.
Adrian began his career in financial services in 2011 and joined Morgan Stanley in 2021. Prior to his current position, Adrian worked at TD Ameritrade in New York where he worked with some of the firm’s wealthiest clients in the region and managed two branches.
Adrian graduated from Rutgers Business School with an MBA and holds his CERTIFIED FINANCIAL PLANNER designation. Adrian lives in Manalapan, NJ with his wife and two young children. Outside of work, Adrian spends most of his time with his family. When the opportunity presents itself, he also enjoys playing guitar and golfing.
Morgan Stanley Wealth Management Financial Advisers can conduct their business in several ways: individually, as a member of a team of Financial Advisors, or through the formation of a Strategic Partnership with another Financial Advisor or team of Financial Advisors. A Strategic Partnership is an arrangement between a Financial Advisor or a team of Financial Advisors with another Financial Advisor or team of Financial Advisors that has a unique focus or knowledge regarding a specific business concentration, product area, and/or client type. If your account is with an individual Financial Advisor, that Financial Advisor services all facets of your account. If your account is with a Financial Advisor who is a member of a team, any Financial Advisor on the team can service your account. If your Financial Advisor is part of a Strategic Partnership, his or her role in that Strategic Partnership may be limited to a specific business and/or product area and may not cover all facets of your account. The use of the terms “Partner” or “Strategic Partner” and/or “Partnership” or “Strategic Partnership” are used as terms of art and not used to imply or connote any legal relationship.
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
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
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
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
Article Image
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
Donor Advised Funds: A Smart Way to Manage Your Giving
Article Image
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 Jeffery D. Kennerly today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
2Investors 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.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
4Morgan Stanley Smith Barney LLC (“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.
5Morgan 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
6Morgan 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.
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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan 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.
11Alternative 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.
12Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame 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
2Investors 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.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
4Morgan Stanley Smith Barney LLC (“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.
5Morgan 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
6Morgan 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.
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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan 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.
11Alternative 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.
12Products 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
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Awards Disclosures
CRC 6491812 (04/2024), 3582895 (6/2024)
