Keith Karstadt
Managing Director, Financial Advisor
Phone:
(732) 936-3404(732) 936-3404
Karstadt Lavigne Wealth Management Team at Morgan Stanley
Direct:
(732) 936-3404(732) 936-3404
Our Mission Statement
To deliver personalized financial strategies that help clients achieve their financial goals through trusted advice, long-term relationships, and exceptional service.
Our Story and Services
At The Karstadt Lavigne Wealth Management Group, we believe in a personalized and service-oriented approach to wealth management. Our team was built around the commitment to truly understanding our clients’ unique financial situations and goals. With deep roots in high-net-worth advisory, we emphasize relationships over transactions, offering tailored guidance supported by years of experience and industry insight.
We take pride in meeting regularly with our clients to ensure their strategies evolve with their lives. Our collaborative model leverages a network of professionals including tax planners, attorneys, and insurance experts, ensuring a holistic approach to financial planning. At the core of everything we do is one simple promise: to be proactive, attentive, and fully dedicated to securing your financial future.
We take pride in meeting regularly with our clients to ensure their strategies evolve with their lives. Our collaborative model leverages a network of professionals including tax planners, attorneys, and insurance experts, ensuring a holistic approach to financial planning. At the core of everything we do is one simple promise: to be proactive, attentive, and fully dedicated to securing your financial future.
Services Include
- Wealth ManagementFootnote1
- Professional Portfolio ManagementFootnote2
- Financial PlanningFootnote3
- Alternative InvestmentsFootnote4
- Corporate Retirement PlansFootnote5
- Estate Planning StrategiesFootnote6
- Fixed IncomeFootnote7
- Cash Management and Lending ProductsFootnote8
- Life InsuranceFootnote9
- Planning for Individuals with Special Needs
- Retirement PlanningFootnote10
- Art AdvisoryFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
A FINANCIAL PLAN MADE FOR YOU
We start with your goals and build a holistic wealth strategy that aligns your investments, cash flow, and overall financial plan. Using tailored tools and insights, we help you make confident decisions to grow and protect your wealth.
LifeView - Intelligent Planning
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Goals Planning System
Goals Planning System (GPS) is Morgan Stanley’s own integrated planning tool. Built on the firm’s intellectual capital and capabilities, GPS is an intuitive and efficient platform used to quickly assess whether a client is “On Track” to achieving their financial goals.
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Spending and Budgeting Tool
One way to manage savings is by using Morgan Stanley’s Spending and Budgeting tool. These tools help advisors monitor client cash flows across both internal and external accounts. It also tracks spending patterns and produces an income and expense analysis to help clients achieve their goals by adjusting their spending behavior when necessary.
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It’s important to determine how much money you may need to save for a comfortable retirement. Here are three strategies that can help you optimize your 401(k) plan.
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Strategy - Intelligent Withdrawals
Building wealth is a means to an end. Taxes can eat up a significant portion of your assets upon withdrawal. This is why it’s vital to look at your entire portfolio and coordinate liquidation to help reduce the impact of taxes and potentially improve investment results.
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Future Financial Planning
Your financial goals and priorities will likely shift with time. To help prepare for the road ahead, ask yourself what matters to you and your family long term. Here’s how you can get started.
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We are committed to providing informed guidance about managing your business and your wealth more effectively in today’s global markets.
Business Financing & Planning
You have meaningful goals. We can help you reach them. For over 85 years Morgan Stanley has collaborated with individuals, families, businesses, and institutions to deliver services and solutions that help build, preserve, and manage wealth.
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Workplace financial solutions that help employees achieve their life goals. Our comprehensive offering spans Equity, Financial Wellness and Retirement solutions, plus Financial Empowerment, so your workforce can realize the full potential of their benefits.
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Equity Compensation 101
When you own company equity, you become a shareholder in your company. Equity programs vary widely, so it is important to understand the details and how it fits into your financial plan.
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Succession Planning
Ownership of a business can represent years, sometimes decades of arduous work and commitment. Nevertheless, business owners are often unfamiliar with the complexities and preparation that go into a successful succession strategy. Whether you are contemplating an IPO, merger with another company, private sale, or succession within the family, we are here to help you develop and execute a successful exit strategy.
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Here at Morgan Stanley, we strive to make complex financial ideas more digestible so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
GIC Weekly Report
The Global Investment Committee’s Lisa Shalett headlines this weekly look at markets, asset class performance, and fixed income.
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Detailed market commentary from Morgan Stanley’s thought leaders on topics such as global equities, fixed income, monetary policy, and more.
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With perspectives on the forces shaping the market, join Mike Wilson as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
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2025 Tax Tables
Each year, the tax bill highlights how significantly taxes can impact your journey toward your financial goals. As tax filing deadlines approach, you can prepare for last year’s taxes with the updated 2025 tax tables.
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As a Morgan Stanley client, you have access to a suite of digital tools and resources aimed at helping you manage your finances with greater ease.
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Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
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Portfolio Risk Platform
Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
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Digital Vault
Digital Vault lets you easily and conveniently manage and share life’s most important documents, such as financial statements, authorizations, tax filings, and other relevant files.
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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.
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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.
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Goals Planning System
Our Goals Planning System is built on Morgan Stanley’s intellectual capital and capabilities, to provide our clients with comprehensive investing and planning solutions for their individual goals.
Learn MoreLocation
1030 Broad Street
Shrewsbury, NJ 07702
US
Direct:
(732) 936-3404(732) 936-3404
Meet Karstadt Lavigne Wealth Management Team
Daniel Karstadt
Assistant Vice President, Financial Advisor
Phone:
(732) 936-3413(732) 936-3413
Amanda Gebhardt
Senior Client Service Associate
Phone:
(732) 936-3424(732) 936-3424
Nicholas Debiase
Client Service Associate
Phone:
(732) 936-3316(732) 936-3316
About Me
As a senior member of the Karstadt Lavigne Wealth Management Group, Keith is a major participant in the planning, managing and legacy processes that are critical for financial success. He has been a Financial Advisor for over 45 years to business owners, high net worth individuals and their families, celebrities and professionals.
Keith believes that behavior most often can influence our investment decisions. This is why the planning process is important. It is about the needs and wants of an individual, not what is printed in a short term headline.
Keith credits his success and longevity in the industry to the appreciation and understanding of his craft. Specifically investment management, asset allocation and client market cycles. Prior to becoming a Financial Advisor, Keith was a professional photographer. Photography allowed him to finance his college education. He graduated from Monmouth University with a Bachelor of Arts degree in Psychology. He believes that applying his creativity to the group's financial planning process helps differentiate us as a wealth management team.
Keith currently resides in Holmdel, NJ with his wife Judy. He has three children, Daniel, Kimberly and Dylan and two grandchildren, Freddie and Luke. He is still very passionate about photography, enjoys a good round of golf and spending time with his family.
Keith believes that behavior most often can influence our investment decisions. This is why the planning process is important. It is about the needs and wants of an individual, not what is printed in a short term headline.
Keith credits his success and longevity in the industry to the appreciation and understanding of his craft. Specifically investment management, asset allocation and client market cycles. Prior to becoming a Financial Advisor, Keith was a professional photographer. Photography allowed him to finance his college education. He graduated from Monmouth University with a Bachelor of Arts degree in Psychology. He believes that applying his creativity to the group's financial planning process helps differentiate us as a wealth management team.
Keith currently resides in Holmdel, NJ with his wife Judy. He has three children, Daniel, Kimberly and Dylan and two grandchildren, Freddie and Luke. He is still very passionate about photography, enjoys a good round of golf and spending time with his family.
Securities Agent: KS, IN, FL, DE, SC, NM, MD, IL, AZ, TX, OH, NJ, WA, RI, PR, NV, KY, CT, CO, AL, CA, OR, PA, DC, WI, NC, GA, AK, VA, NY, MA; General Securities Representative; Investment Advisor Representative
About Me
Prior to joining Morgan Stanley, Daniel started his career with the Karstadt Wealth Management group in Red Bank, NJ at UBS in 2011. With Keith as his mentor, Dan was trained to take a planning-based approach to Wealth Management. Our goal is to understand our client’s personal and financial objectives while working with them to achieve these. We take much pride in our relationships with clients and understanding their unique situations. This better ables us to provide the most valuable advice and tailor the changes that come throughout life, markets, and environments.
Dan has worked in various capacities all throughout Wall Street. He has served as both an Advisor & Private Banker for Citigroup in Manhattan, Director of Sales for AimcorEIG covering Southern California, and rejoined the now “Karstadt Lavigne Wealth Management Group” in January 2023. He believes that through this experience he is really able to specialize in multiple facets of his clients Financial and Estate planning.
Since rejoining with the team Dan has been focused on servicing both East and West Coast clientele. He has been sharing time living between the two with his 3 year old Mexican dog Rudie. He is an active member of Big Brothers Big Sisters in San Diego and a graduate of Johnson and Wales University receiving degrees in Business Entrepreneurship and Culinary Arts. In his free time Dan enjoys being active by surfing, golfing, hiking, cooking, and taking part in the music and arts community.
Dan has worked in various capacities all throughout Wall Street. He has served as both an Advisor & Private Banker for Citigroup in Manhattan, Director of Sales for AimcorEIG covering Southern California, and rejoined the now “Karstadt Lavigne Wealth Management Group” in January 2023. He believes that through this experience he is really able to specialize in multiple facets of his clients Financial and Estate planning.
Since rejoining with the team Dan has been focused on servicing both East and West Coast clientele. He has been sharing time living between the two with his 3 year old Mexican dog Rudie. He is an active member of Big Brothers Big Sisters in San Diego and a graduate of Johnson and Wales University receiving degrees in Business Entrepreneurship and Culinary Arts. In his free time Dan enjoys being active by surfing, golfing, hiking, cooking, and taking part in the music and arts community.
Securities Agent: KY, GA, VA, CT, CA, RI, MD, IN, CO, WI, SC, OR, NV, NC, AZ, TX, PR, DC, WA, OH, NY, NM, KS, FL, DE, NJ, IL, PA, MA; General Securities Representative; Investment Advisor Representative
About Amanda Gebhardt
Before joining Morgan Stanley, Amanda started in the industry in 1980 with Tucker Anthony & R.L. Day. After she spent 17 years there as a Wire Operator, Assistant to the Branch Manager, and as a Sales Assistant, she joined PaineWebber, now UBS, as a Sales Assistant in 1997.
Amanda understands the importance of a Senior Client Service Associate. Her 30 years' experience in this industry allows her to deliver an exceptional client experience. She is the point-person for all aspects of client and account administration. This includes account opening and onboarding, navigation of the UBS On-Line Service system, statement reviews and all operational issues a client may have.
Amanda currently live in Red Bank and in her free time enjoys the beach and reading.
Amanda understands the importance of a Senior Client Service Associate. Her 30 years' experience in this industry allows her to deliver an exceptional client experience. She is the point-person for all aspects of client and account administration. This includes account opening and onboarding, navigation of the UBS On-Line Service system, statement reviews and all operational issues a client may have.
Amanda currently live in Red Bank and in her free time enjoys the beach and reading.
About Nicholas Debiase
Before joining Morgan Stanley, Nick entered the financial services industry in 2017 beginning his career as an intern at UBS. Upon graduating he joined UBS in the Northern New Jersey market where has served in various operations and administrative roles. Now as a member of the Karstadt Lavigne Wealth Management Group he will assist servicing clients with their administrative needs. In his spare time Nick enjoys golfing, exercising, spending time at the beach and rooting for his beloved local sports teams the NY Yankees, Giants, and Rangers.
Contact Keith Karstadt
Contact Daniel Karstadt
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Rational Investing in an Age of Uncertainty
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Retirement for Plan Sponsors
End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
- Plan Evaluation
- Investment Management
- Plan Management Support
- Plan Participant Education
Small Business Retirement Plans
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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 Karstadt Lavigne Wealth Management Team 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 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.
4Alternative 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.
5When 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.
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.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan 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
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Products 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 does not assist with buying or selling art in any way and merely provides information to clients interested learning more about the different types of art markets at a high level. Any client interested in buying or selling art should consult with their own independent art advisor.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 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.
4Alternative 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.
5When 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.
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.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan 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
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Products 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 does not assist with buying or selling art in any way and merely provides information to clients interested learning more about the different types of art markets at a high level. Any client interested in buying or selling art should consult with their own independent art advisor.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
