Lance W. Childress
Executive Director,
Wealth Advisor,
Senior Portfolio Management Director
Direct:
(210) 277-4449(210) 277-4449
Toll-Free:
(800) 733-3041(800) 733-3041
My Mission Statement
While Morgan Stanley keeps my resources global; my small town Texas roots keep diligence, sincerity, and friendliness at the forefront of my practice.
My Story
Many people work hard to save so that one day, those savings will start working hard for them and their family. However, it can be difficult to know how much to save, or how to prepare for retirement, save for a child’s education, or mitigate taxes.
As a result, many people lose sleep over these challenges. Which is perfectly understandable, as many of these decisions can be complex. That’s why I help you define your objectives with a clear financial plan, develop a research-driven strategy, and manage your portfolio to help keep you on track toward your goals.
With over 20 years of experience helping clients in San Antonio and the greater Lone Star State, I’m able to be your comprehensive financial resource. I do all the planning, investing, and monitoring for you, so you can stay focused on your profession, family, and passions.
As a financial advisor with Morgan Stanley, I maintain the resources and breadth of a global institution. But I also grew up on a small town Texas ranch, which means that I keep diligence, sincerity, and friendliness at the forefront of my practice.
To discuss your goals and see if I can help you reach them, please call me at (210) 277-4449.
As a result, many people lose sleep over these challenges. Which is perfectly understandable, as many of these decisions can be complex. That’s why I help you define your objectives with a clear financial plan, develop a research-driven strategy, and manage your portfolio to help keep you on track toward your goals.
With over 20 years of experience helping clients in San Antonio and the greater Lone Star State, I’m able to be your comprehensive financial resource. I do all the planning, investing, and monitoring for you, so you can stay focused on your profession, family, and passions.
As a financial advisor with Morgan Stanley, I maintain the resources and breadth of a global institution. But I also grew up on a small town Texas ranch, which means that I keep diligence, sincerity, and friendliness at the forefront of my practice.
To discuss your goals and see if I can help you reach them, please call me at (210) 277-4449.
Services Include
Securities Agent: AZ, UT, TN, NJ, KS, VA, SC, OH, NH, MD, MA, NY, NV, OK, AR, MI, FL, CA, AL, WA, SD, GA, CO, NM, NC, MN, LA, ID, TX, MO, IL, DC, CT, OR, IN, PA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1290456
NMLS#: 1290456
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
What I Do
The first step of any plan is to clearly establish its purpose. That’s why as your wealth advisor, it’s critical for me to listen. I need a deep understanding of your life goals in order to craft your personalized set of financial objectives. Once we’ve worked together to paint a detailed picture of your future, I lay out the path to help guide you there.
The next step is to put together your portfolio. Unlike many advisors, I don’t just pass off your assets for someone else to handle; instead, as part of Morgan Stanley's Portfolio Management program, I manage my own stock portfolios along with mutual fund and separately managed account asset allocation models that I have developed. This rigorous process allows me to maintain an intimate knowledge of your investments. I’m able to analyze them in greater depth, and adjust them as needed.
I believe you’ve hired me to worry for you. While the biggest part of that role is overseeing your financial plan, another important aspect is keeping you well-informed. I’ll always walk you through a strategy before putting it into action, and I’ll always give you direct, honest financial guidance. I pride myself on offering a superior level of service, and will go to great lengths to help you in any way I can.
The next step is to put together your portfolio. Unlike many advisors, I don’t just pass off your assets for someone else to handle; instead, as part of Morgan Stanley's Portfolio Management program, I manage my own stock portfolios along with mutual fund and separately managed account asset allocation models that I have developed. This rigorous process allows me to maintain an intimate knowledge of your investments. I’m able to analyze them in greater depth, and adjust them as needed.
I believe you’ve hired me to worry for you. While the biggest part of that role is overseeing your financial plan, another important aspect is keeping you well-informed. I’ll always walk you through a strategy before putting it into action, and I’ll always give you direct, honest financial guidance. I pride myself on offering a superior level of service, and will go to great lengths to help you in any way I can.
My Clients
My clients represent a diverse group of families and individuals: some are oil and gas executives nearing retirement, others are younger tech engineers and pharmaceutical salespeople, still others are multigenerational families with large estates to manage. While my clients all have different objectives, they share a similar approach: they know to seek out help, and trust that my hard work, careful planning, and transparent process will help them achieve their goals.
Having grown up in a big family on a small ranch, I’m comfortable conversing and working with individuals across many generations. I’ve been fortunate to work with many of my clients over a period of many years, and take great pride and joy in the deep relationships we’ve developed.
But whether you’ve been my client for a decade or a month, my aim remains the same: to be your comprehensive financial resource on a daily basis, and your trusted financial guide throughout all the stages of your life. There’s no greater professional satisfaction for me than looking back with a client and seeing that what once seemed like a far off dream has now become their reality.
Having grown up in a big family on a small ranch, I’m comfortable conversing and working with individuals across many generations. I’ve been fortunate to work with many of my clients over a period of many years, and take great pride and joy in the deep relationships we’ve developed.
But whether you’ve been my client for a decade or a month, my aim remains the same: to be your comprehensive financial resource on a daily basis, and your trusted financial guide throughout all the stages of your life. There’s no greater professional satisfaction for me than looking back with a client and seeing that what once seemed like a far off dream has now become their reality.
Individuals and families hire us to help them manage their current wealth, while achieving future goals. Through each step of our process, we provide objective advice and investment insights to construct a plan that is uniquely yours.
1. Establish Financial Objectives
We start with the process of discovery. This entails gaining a deep understanding of your goals, objectives, time horizons and tolerance for volatility and risk.
2. Define Investment Strategy
Our team works with you to assess various scenarios and outcomes and guide you to appropriate strategies designed to help you meet your goals and objectives. We develop an investment allocation designed to produce optimal portfolio performance--the highest return potential consistent with the strategy's level of risk.
3. Evaluate and Select Investments
We leverage the global resources of Morgan Stanley to evaluate multiple strategies, platforms and products and develop the most appropriate combination to allow you to meet your personal investment objectives and spending needs in the most tax efficient manner.
4. Ongoing Review Process
Together we will periodically review your financial plan and recommend adjustments according to your changing financial needs, objectives and evolving market conditions.
Morgan Stanley Online
The Morgan Stanley Mobile App gives you the same capabilities as Morgan Stanley Online - all from the convenience of your own phone. It also offers features to simplify your everyday finances. These include mobile check deposit and Send Money with Zelle, a convenient way to send and receive money.
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Total Wealth View
With Total Wealth View, you can view all of your investments together - whether they are held at Morgan Stanley or elsewhere. When you add your external 401(k), as well as your checking, savings, and brokerage accounts to this portal, all your assets will be in one place, providing a comprehensive view of your wealth.
Click here to learn more
Digital Vault
Digital Vault allows you to build a centralized library of all your important documents using encryption, to securely manage and share items such as account statements, authorizations, tax filings, and other relevant forms with your Financial Advisor.
Get started with Digital Vault
Tax Optimization
Your federal income-tax return may not be top-of-mind once tax season has passed, but you may want to take another look. Your IRS Form 1040 tax return may reveal important information about your personal finances, and shed light on valuable opportunities for future savings.
MS Reserved
Reserved Living & Giving is a tiered, complimentary loyalty program that rewards clients with over two million dollars in assets and liabilities invested at the firm. The program is designed to enhance your lifestyle and relationship with the firm beyond traditional wealth management services.
Cybersecurity
Safeguarding your assets and information is one of our highest priorities, but you also have a critical role to play. Check out our collection of practical takeaways and best practices from our cybersecurity professionals, then explore a few of the ways we help protect you.
Click here to learn moreClient Service Team
Monica Salazar, CFP® - Assistant Vice President, Wealth Management Associate, CERTIFIED FINANCIAL PLANNER®
Phone:
(210) 277-4459(210) 277-4459
Email:monica.salazar@morganstanley.com
With nearly 20 years of experience in the financial services industry, Monica offers our clients a deep well of knowledge and a comprehensive understanding of the investment landscape.
Monica graduated from Amherst College with a Bachelor of Arts in 2009 and embarked on a distinguished career across various sectors of the financial services industry. Her extensive experience culminated in 2018 when she joined Morgan Stanley's Operations Team as a Senior Service Associate. In 2020, Monica joined Lance Childress's team, where she quickly advanced to a leadership role. In 2024, Monica further enhanced her expertise by becoming a CERTIFIED FINANCIAL PLANNER®. She is currently responsible for practice management, overseeing the team's daily operations, addressing complex service issues, and preparing and maintaining financial plans.
Monica and her husband, Miguel, both work at Morgan Stanley and reside in San Antonio, TX, with their two children, Delia and Miguel Jr. Coming from a large family, Monica enjoys spending her free time celebrating events and supporting her extended relatives. Additionally, she has a passion for photography and traveling.
Monica graduated from Amherst College with a Bachelor of Arts in 2009 and embarked on a distinguished career across various sectors of the financial services industry. Her extensive experience culminated in 2018 when she joined Morgan Stanley's Operations Team as a Senior Service Associate. In 2020, Monica joined Lance Childress's team, where she quickly advanced to a leadership role. In 2024, Monica further enhanced her expertise by becoming a CERTIFIED FINANCIAL PLANNER®. She is currently responsible for practice management, overseeing the team's daily operations, addressing complex service issues, and preparing and maintaining financial plans.
Monica and her husband, Miguel, both work at Morgan Stanley and reside in San Antonio, TX, with their two children, Delia and Miguel Jr. Coming from a large family, Monica enjoys spending her free time celebrating events and supporting her extended relatives. Additionally, she has a passion for photography and traveling.
Jessica Bustos, Financial Planning Specialist - Portfolio Associate
Phone:
(210) 277-4447(210) 277-4447
Email:Jessica.Bustos@morganstanley.com
Jessica has over 27 years in the financial service industry. She began her career in investments operations acquiring an extensive background in reconciling bank and brokerage transactions for taxable and retirement accounts, handling corporate actions, cost basis, and executing transfers and rollovers from employer qualified plans. She also gained valuable client service experience while working in a wealth management call center for six of those years. Jessica has continued her growth with Morgan Stanley as a Senior Registered Client Service associate adding experience in portfolio management and financial planning. She has a passion for helping others improve their financial security and educating clients so they can attain their financial goals and secure generational wealth. Her goal continues to be providing world class client experiences.
A San Antonio native, Jessica obtained her Bachelor of Business Administration’s Degree in Business Management from the University of the Incarnate Word in 2001 and her Master of Business Administration with a Concentration in Finance from Our Lady of the Lake University in 2004.
Jessica and her husband Roy have been married for 16 years and currently reside in Helotes, Texas. In her spare time, she enjoys volunteering at her church and the San Antonio Food Bank, bike riding, and family trips to the beach with their children, Roy Jr., Giana, and Gabrielle.
A San Antonio native, Jessica obtained her Bachelor of Business Administration’s Degree in Business Management from the University of the Incarnate Word in 2001 and her Master of Business Administration with a Concentration in Finance from Our Lady of the Lake University in 2004.
Jessica and her husband Roy have been married for 16 years and currently reside in Helotes, Texas. In her spare time, she enjoys volunteering at her church and the San Antonio Food Bank, bike riding, and family trips to the beach with their children, Roy Jr., Giana, and Gabrielle.
Grace Rosario - Senior Client Service Associate
Phone:
(210) 277-4472(210) 277-4472
Email:Grace.Rosario@morganstanley.com
Grace is a Senior Client Service Associate with 24 years of experience in the financial services industry. She has been an integral part of the team since its founding in 2005 and is the team’s primary contact for all client needs. She builds trusted relationships with clients and their families to provide the best service experience possible. She also focuses on learning new ways to improve the way the team communicates and interacts with clients. Grace helps clients maximize their benefits of Morgan Stanley’s rewards programs and assists them in accessing the multitude of available technologies.
Grace manages all of the team’s Corporate Client and Individual Client Events. Her unique flair and attention to detail consistently impress participants of these festive events. She also collaborates closely with team members to ensure that every event reflects the team’s commitment client satisfaction.
Raised in New York City, Grace has traveled and lived around the world, embracing diverse cultures and different perspectives, which she brings into her client interactions. She has made San Antonio her home since 1999, where she enjoys exploring the city’s rich history and vibrant community. Grace’s happy attitude, pleasant personality, and dedication to outstanding service are key contributors to the team’s ongoing success.
Grace manages all of the team’s Corporate Client and Individual Client Events. Her unique flair and attention to detail consistently impress participants of these festive events. She also collaborates closely with team members to ensure that every event reflects the team’s commitment client satisfaction.
Raised in New York City, Grace has traveled and lived around the world, embracing diverse cultures and different perspectives, which she brings into her client interactions. She has made San Antonio her home since 1999, where she enjoys exploring the city’s rich history and vibrant community. Grace’s happy attitude, pleasant personality, and dedication to outstanding service are key contributors to the team’s ongoing success.
John David Hernandez - Client Service Associate
Phone:
(210) 277-4473(210) 277-4473
Email:John.Hernandez@morganstanley.com
John brings a wealth of experience from over 20 years in numerous positions within the healthcare revenue cycle before joining the team. Before coming to Morgan Stanley, he worked as a Revenue Operations Analyst where he excelled working to put clients first along with listening to their needs. He also worked as a Physician Support Analyst, requiring a keen attention to detail during his day-to-day tasks working as the liaison between healthcare providers and Information Management.
A fast learner with a passion for meeting new people, John is excited to transition into the financial sector. His enthusiasm for delivering exceptional client service along with his ability to handle multiple tasks simultaneously makes him a valuable addition to our team.
Outside of work, John enjoys spending time with his wife, four children, and their dog. When he has free time, he enjoys mountain biking and tossing a football with his kids.
A fast learner with a passion for meeting new people, John is excited to transition into the financial sector. His enthusiasm for delivering exceptional client service along with his ability to handle multiple tasks simultaneously makes him a valuable addition to our team.
Outside of work, John enjoys spending time with his wife, four children, and their dog. When he has free time, he enjoys mountain biking and tossing a football with his kids.
Lauren Berchelmann - Client Service Associate
Phone:
(210) 277-4460(210) 277-4460
Email:Lauren.Berchelmann@morganstanley.com
Lauren joins Morgan Stanley after a successful career with Accenture, where she focused in client service management, operations, and recruitment. She brings experience in building trusted client relationships, leading high performing teams, and driving process improvement.
Lauren was born and raised in San Antonio. She is a graduate of Baylor University and is married with three children. Outside of work, you can often find Lauren cheering on her kids at sporting events or traveling to the beach or the mountains.
Lauren was born and raised in San Antonio. She is a graduate of Baylor University and is married with three children. Outside of work, you can often find Lauren cheering on her kids at sporting events or traveling to the beach or the mountains.
Location
7600 Broadway
Ste 100
San Antonio, TX 78209
US
Direct:
(210) 277-4449(210) 277-4449
Toll-Free:
(800) 733-3041(800) 733-3041
Fax:
(210) 735-1150(210) 735-1150
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
Making the Most of Your Retirement Savings
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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
Why Having a Goal Is Key to Investing
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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
Know What to Do if You Think You've Been Hacked
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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
Ready to start a conversation? Contact Lance W. Childress today.
1Morgan 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.
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.
4When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Morgan 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.
6Morgan 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
7Morgan 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.
8Morgan 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.
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.
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.
4When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Morgan 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.
6Morgan 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
7Morgan 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.
8Morgan 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.
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)
