BRIA LEE
GROUP DIRECTOR
Phone:
(410) 602-6409(410) 602-6409
Kevin R. Bell, CFP®, CRPC®, QPFC
Vice President,
Financial Advisor,
Workplace Advisor - Equity Compensation
Direct:
(410) 229-8217(410) 229-8217
My Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
My Story and Services
For more than four decades, Kevin has been working with successful families and offering thoughtful investment advice. His primary focus is, and has always been, to understand where you are, and where you want to be. Only then can he provide guidance to help solve for your desired outcomes. He and his team leverage the Morgan Stanley’s world class resources to offer sophisticated solutions to help simplify your life.
A graduate of both the McDonogh School and Washington & Lee University, Kevin is recognized by the Financial Planning Board of Standards as a Certified Financial Planner® (CFP®) and as a Chartered Retirement Planning Counselor® (CRPC®) awarded by the College of Financial Planning.
The son of a surgeon, Kevin’s understanding and appreciation of the healthcare industry has led to assignments which include Hospital Boards, Senior Living Facilities, and multiple Physician Practices. He and his team have built, monitored, and managed sophisticated investment pools for Foundations, Endowments, and Qualified Retirement Plans. His private wealth clients benefit from this institutional level knowledge and experience, which has served to strengthen his investment process.
Throughout his career, Kevin has been asked to assume a variety of leadership positions. He enjoyed leading Financial Advisors as Branch Manager for UBS in Hunt Valley and for Merrill Lynch in Westminster, Maryland. As a Complex Sales Manager for Merrill Lynch in Baltimore, Kevin was asked to train emerging advisors throughout Maryland, as the Path of Achievement Coach for the Mid-Atlantic Region.
Most importantly, Kevin has always had a passion for helping Clients navigate the ever-changing financial markets, plan for their retirement, invest for their children’s education, develop charitable gifting strategies, and establish estate plans to assure lasting legacies for their loved ones.
Kevin came to Morgan Stanley’s Hunt Valley office, during the spring of 2020, to reunite professionally with his wife Linda M. Bell, Financial Advisor. Outside the office, Kevin has been active in his community throughout his career. Kevin and Linda live in Reisterstown and enjoy spending time with their four adult children, as well as their dogs Cooper and Chewie.
Investments and services offered through Morgan Stanley Smith Barney LLC. Member SIPC.
A graduate of both the McDonogh School and Washington & Lee University, Kevin is recognized by the Financial Planning Board of Standards as a Certified Financial Planner® (CFP®) and as a Chartered Retirement Planning Counselor® (CRPC®) awarded by the College of Financial Planning.
The son of a surgeon, Kevin’s understanding and appreciation of the healthcare industry has led to assignments which include Hospital Boards, Senior Living Facilities, and multiple Physician Practices. He and his team have built, monitored, and managed sophisticated investment pools for Foundations, Endowments, and Qualified Retirement Plans. His private wealth clients benefit from this institutional level knowledge and experience, which has served to strengthen his investment process.
Throughout his career, Kevin has been asked to assume a variety of leadership positions. He enjoyed leading Financial Advisors as Branch Manager for UBS in Hunt Valley and for Merrill Lynch in Westminster, Maryland. As a Complex Sales Manager for Merrill Lynch in Baltimore, Kevin was asked to train emerging advisors throughout Maryland, as the Path of Achievement Coach for the Mid-Atlantic Region.
Most importantly, Kevin has always had a passion for helping Clients navigate the ever-changing financial markets, plan for their retirement, invest for their children’s education, develop charitable gifting strategies, and establish estate plans to assure lasting legacies for their loved ones.
Kevin came to Morgan Stanley’s Hunt Valley office, during the spring of 2020, to reunite professionally with his wife Linda M. Bell, Financial Advisor. Outside the office, Kevin has been active in his community throughout his career. Kevin and Linda live in Reisterstown and enjoy spending time with their four adult children, as well as their dogs Cooper and Chewie.
Investments and services offered through Morgan Stanley Smith Barney LLC. Member SIPC.
Services Include
- Wealth ManagementFootnote1
- Retirement PlanningFootnote2
- 401(k) Rollovers
- Professional Portfolio ManagementFootnote3
- Sustainable InvestingFootnote4
- Municipal BondsFootnote5
- Certificates of DepositFootnote6
- Exchange Traded FundsFootnote7
- Structured ProductsFootnote8
- Alternative InvestmentsFootnote9
- Cash Management and Lending ProductsFootnote10
- Estate Planning StrategiesFootnote11
- Trust AccountsFootnote12
- Endowments and FoundationsFootnote13
- Long Term Care InsuranceFootnote14
- Life InsuranceFootnote15
Securities Agent: NJ, FL, DE, DC, TX, MT, NV, MA, NH, NC, WV, MD, VA, NY, VI, SC, PA; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 532823
NMLS#: 532823
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
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303 International Circle
Ste 500
Hunt Valley, MD 21030
US
Direct:
(410) 229-8217(410) 229-8217
Meet My Team
DREW GAGNON
REGISTERED CLIENT SERVICE ASSOCIATE
Phone:
(410) 559-7257(410) 559-7257
TODD ROOP
WEALTH MANAGEMENT ASSOCIATE
Phone:
(410) 602-6442(410) 602-6442
JOSHUA HUBLER
REGISTERED CLIENT SERVICE ASSOCIATE
Phone:
(302) 644-6609(302) 644-6609
STEVE DECARLO, CFP®
SENIOR REGISTERED ASSOCIATE, FINANCIAL PLANNING SPECIALIST
Phone:
(302) 573-4061(302) 573-4061
About BRIA LEE
Bria Lee is a Group Director, where she plays a pivotal role in striving to enhance the client experience and supporting investment management implementation. Her leadership is instrumental in managing the operational functions and day-to-day needs of colleagues and the financial advisors, seeking to help ensure seamless service delivery and operational excellence.
Before joining the firm, Bria successfully built and led a team at Merrill Lynch, focused in establishing and funding trusts for high-net-worth families. Her experience in trust management and client relations has been pivotal in her goals of delivering tailored financial strategies and fostering long-term client relationships. She joined Morgan Stanley in 2017, where she has held several positions, including Registered Client Service Associate, Business Development Associate and is now Group Director.
Bria holds a Bachelor of Arts degree in Public Relations from Howard University, where she honed her communication skills and developed a strong foundation in client engagement. Residing in Baltimore, Maryland with her husband and son, Bria is passionate about advocating for inner-city youth. She enjoys spending her free time engaging with her two active dogs, fishing, and exploring new experiences.
Before joining the firm, Bria successfully built and led a team at Merrill Lynch, focused in establishing and funding trusts for high-net-worth families. Her experience in trust management and client relations has been pivotal in her goals of delivering tailored financial strategies and fostering long-term client relationships. She joined Morgan Stanley in 2017, where she has held several positions, including Registered Client Service Associate, Business Development Associate and is now Group Director.
Bria holds a Bachelor of Arts degree in Public Relations from Howard University, where she honed her communication skills and developed a strong foundation in client engagement. Residing in Baltimore, Maryland with her husband and son, Bria is passionate about advocating for inner-city youth. She enjoys spending her free time engaging with her two active dogs, fishing, and exploring new experiences.
About DREW GAGNON
Drew Gagnon is a dedicated professional based in the Baltimore office. In his role as a Senior Registered Client Service Associate, Drew performs daily administrative and operational responsibilities. Drew provides high-level support to the financial advisors he supports in an effort to help provide seamless service to promote a positive and reliable experience for clients.
Prior to joining MyTeam, Drew gained extensive experience of how to provide high-level client support while supporting financial advisors at RBC Wealth Management.
Drew holds a Bachelor of Science degree in Finance from the University of Maryland, College Park where he graduated from in 2022. He is fully registered, passing the SIE, Series 7 and 66. He currently resides in Baltimore, Maryland where he enjoys trying new restaurants and participating in athletic activities in the community.
Prior to joining MyTeam, Drew gained extensive experience of how to provide high-level client support while supporting financial advisors at RBC Wealth Management.
Drew holds a Bachelor of Science degree in Finance from the University of Maryland, College Park where he graduated from in 2022. He is fully registered, passing the SIE, Series 7 and 66. He currently resides in Baltimore, Maryland where he enjoys trying new restaurants and participating in athletic activities in the community.
About TODD ROOP
Todd is a seasoned financial professional with over 25 years of experience in brokerage operations and investment services. In his role as a Wealth Management Associate, Todd supports financial advisors by managing client relationships, providing administrative support, and striving to help ensure client requests are handled promptly and accurately.
Prior to joining Morgan Stanley, Todd was with Deutsche Bank for over 20 years.
Todd holds a Bachelor of Science degree in Business Administration from The Perdue School of Business at Salisbury University. He currently resides in New Windsor, MD with his wife, two daughters, three cats and a new puppy. He enjoys coaching his daughter’s soccer teams, golfing and recently took up pickle ball.
Prior to joining Morgan Stanley, Todd was with Deutsche Bank for over 20 years.
Todd holds a Bachelor of Science degree in Business Administration from The Perdue School of Business at Salisbury University. He currently resides in New Windsor, MD with his wife, two daughters, three cats and a new puppy. He enjoys coaching his daughter’s soccer teams, golfing and recently took up pickle ball.
About JOSHUA HUBLER
Joshua Hubler, a Registered Client Service Associate, started his financial career with Morgan Stanley in 2024. He strives to to help ensure that clients receive the utmost care and diligence that can be provided. Joshua’s genuine passion for finance fuels his drive that aims to deliver high quality service to all clients and to be supportive of the client’s long-term goal. He approaches each opportunity as a chance to learn grow and contribute meaningfully, drawing on his commitment to both professional development and client success.
As a graduate from Gulf Coast State College, Joshua combines a strong academic foundation with a deep enthusiasm for the financial markets as well as wealth management. When he is not in the office you can find Joshua assisting with his family business, volunteering with his wife or at one of Delaware’s beautiful beaches.
As a graduate from Gulf Coast State College, Joshua combines a strong academic foundation with a deep enthusiasm for the financial markets as well as wealth management. When he is not in the office you can find Joshua assisting with his family business, volunteering with his wife or at one of Delaware’s beautiful beaches.
About STEVE DECARLO
Steven DeCarlo is a dedicated support professional, based in the Greenville office. In his role as a Financial Planning Associate, Steve supports financial advisors by helping deliver comprehensive planning support and contributing to a seamless client experience.
Prior to joining this role, Steve built a strong foundation at Morgan Stanley, where he has eight years of experience, and previously gained industry experience at Bank of America/Merrill Lynch.
Steve resides in Wilmington, Delaware with his wife, Brigid, and their daughter, Anna. Outside of the office, he enjoys running marathons and composing music.
Prior to joining this role, Steve built a strong foundation at Morgan Stanley, where he has eight years of experience, and previously gained industry experience at Bank of America/Merrill Lynch.
Steve resides in Wilmington, Delaware with his wife, Brigid, and their daughter, Anna. Outside of the office, he enjoys running marathons and composing music.
Wealth Management
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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
Iran Conflict: Seven Takeaways for Investors
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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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Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
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- 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
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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 Kevin R. Bell today.
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.
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.
2When 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.
3Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
4Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
5Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
6Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
7An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
8Structured 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.
9Alternative 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.
10Morgan 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
11Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
12Morgan 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.
13Morgan 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.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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
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.
2When 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.
3Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
4Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
5Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
6Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
7An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
8Structured 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.
9Alternative 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.
10Morgan 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
11Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
12Morgan 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.
13Morgan 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.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
