Leonard Mangiaracina, CIMA®, CRPC®
Executive Director, Financial Advisor, Alternative Investments Director, Senior Portfolio Management Director
Phone:
(301) 279-6406(301) 279-6406
Industry Award WinnerOur Mission Statement
Empower clients to make sound financial decisions for their personal and business goals. Do so with the highest level of quality service and expertise, backed by a world class investment firm and top ranked research team.
The Mangiaracina Stuart Group at Morgan Stanley –
Our team is committed to your success.
The Mangiaracina Stuart Group at Morgan Stanley is an experienced, credentialed wealth management practice dedicated to meet the needs of high-net-worth clientele, individuals and families, corporate executives, and business owners. The team has been helping investors achieve their goals for over 15 years with custom financial plans, sound long-term strategies, and an unwavering commitment to the highest quality client service.
Based in Potomac, Md., the team consists of professionals who have been recognized as being among the industry's top financial advisors, with multiple professional designations in specialized investment and financial planning areas. If you'd like to learn more about the Mangiaracina Group at Morgan Stanley, please hit the blue "Contact Us" button above, send an email to MSCapGroup@morganstanley.com, or call our main line at 301-279-6459. We look forward to working with you to achieve your goals.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
THE LATEST NEWS FROM MANGIARACINA STUART GROUP
Leonard Mangiaracina named Forbes Best-In-State Wealth Advisors (2025)
Source: Forbes.com (Awarded Apr 2025) Data compiled by SHOOK Research LLC based on time period from 6/30/23 - 6/30/24.
Gregory S. Stuart named Forbes Top Next-Gen Wealth Advisors Best-in-State (2022)
Source: Forbes.com (Awarded Aug 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/21 - 3/31/22.
The Mangiaracina Stuart Group is named Forbes Best-in-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21 - 3/31/22.
Gregory S. Stuart named to Forbes Magazine's 2018 list of America's Top Next Generation Wealth Advisors
Source: Forbes.com (Awarded July 2018) Data compiled by SHOOK Research LLC based on time period from 3/31/17 - 3/31/18.
Working With You
One of the reasons we joined Morgan Stanley in 2023 was to help our clients take full advantage of the extensive resources available here. The customized plan we develop for you will contain tangible recommendations designed to meet the objectives we established together. Recommendations may encompass such varied disciplines as retirement planning, estate planning and strategic use of debt to finance major goals. Importantly, your plan contains a customized asset allocation based on your total finances, including accounts held at other firms, timeframe and risk tolerance.
Clients come to us for different reasons. Some are wondering how they are going to retire and pay for their daughter's law school tuition. Others are concerned about caring for an aging parent. Still others are trying to figure out the best way to exit their business without triggering excessive taxes or damaging family relationships.
For all these clients, we go the extra mile in trying to understand who they are, what they hope to achieve and what they feel might be standing in their way. We take inventory of their finances, of course, but we go beyond their personal balance sheets to determine who they are as people, not just investors.
- Your retirement plans – What does retirement look like to you and when do you hope to begin that next phase of your life?
- Family aspirations – Are your kids nearing college age or do they have families of their own whom you'd like to be able to help financially?
- Business issues – Do you own your own business? Are you grappling with such issues as managing cash efficiently, offering meaningful benefits like a 401(k) or other retirement plan, contemplating an exit strategy?
- Material goals – Do you envision staying in your home, downsizing, or perhaps buying a vacation property? Are there other acquisitions you're thinking about and wondering whether you can afford them?
- Charitable commitments – What organizations are important to you and how do you hope to support them?
- Special circumstances – Are you adapting financially to the loss of a spouse or perhaps concerned about providing ongoing care for a special needs child? Are you a caregiver for a parent or other relative?
1. Our Initial Meeting
Our initial meeting is the first place to begin. We look for opportunities that will help you and your families' future as well. We meet not only you but your family as well. We make sure that we ask a couple of the questions below to begin:
2. DEVELOPING YOUR PERSONALIZED PLAN
Once we understand your investments goals, we gather the information and present you with a personalized financial plan. This plan will take in risk tolerance, volatility outcomes and how we adjust to assure you the confidence that our team has.
3. Implementing Your Plan
After presenting your plan to you, we work closely with you to bring it to life. That may entail additional consultation with Morgan Stanley professionals who specialize in estate planning, lending strategies, family governance and other disciplines relevant to your situation. And it will also involve the development of an investment strategy to meet the challenges we identified in our plan development process.
4. Evaluating Your Progress
Are you proceeding as anticipated toward your financial destination or is an adjustment required?
We monitor your performance on an ongoing basis and may alter our strategies to accommodate changing circumstances in your life or trends in the financial markets. When those markets turn turbulent, as they do from time to time, you can count on us to help you understand what's going on and avoid emotional decisions.
Tax Efficient Strategies
At The Mangiaracina Stuart Group, we recognize the challenges that business owners like you confront daily, from navigating market expansions to mitigating risks. But have you consider the broader risks that could impact your business beyond day-to-day activities? Have you outlines a vision for your business's future, especially in retirement, or are you still exploring your options?
The Mangiaracina Stuart Group specializes in comprehensively understanding the risks associates with business ownership. In safeguarding your business's future and your financial security, The Mangiaracina Stuart Group stands ready to assist. Let's help you accomplish your business and personal objectives to secure a plan that works for you. Our expertise is shown below.
- 401(k) and 403(b) Plans
- Pension Plans
- Non-Qualified Deferred Compensation Plans and more
- Audit-ready 409A valuations
- Integrated liquidity events
- A powerful engine that keeps your stakeholders happy
- Non-qualified options (NQSO)
- Incentive stock options (IS0)
- Restricted stock units (RSU)
- Awards (RSA) and performance share units (PSU)
1. 401(k) Benefits for Small Business Owners
Enhance your employees' financial future while boosting your business's attractiveness and competitiveness by offering 401(k) retirement benefits. Leverage The Mangiaracina Stuart Group to help retain top talent within your industry.
2. Secure 2.0 Act
The Secure 2.0 Act is implemented to simplify retirement plan offerings for business and retirement savings for individuals. Here's a brief overview of key changes and information for your reference.
3. Retirement Solutions
For your employees, retirement is more than a date in the future – it's a milestone that takes time, hard work. The Mangiaracina Stuart Group offers Retirement Solutions to every business size, providing fiduciary oversight, employee education and engagement to help drive the best possible employee outcomes. We serve a full spectrum of plan types including:
4. Shareworks Equity Management
Shareworks by Morgan Stanley supports your clients through every stage of growth by enabling them to manage their cap table and shareholders accurately and efficiently on a modern platform. Companies on Shareworks benefit from:
1. Understand Your Equity Award Plan
Many employers offer equity plans as part of their employee benefit package. Types of equity awards include:
2. Equity Comp Taxation and Your Annual Tax Filing
Equity compensation can be one of the most valuable benefits offered by your company, but it's important to understand how it works—and how it's taxed. Here's what you need to know.
3. Total Tax 365 - Your Guide to Tax-Efficient Planning
Taxes act as a drag on your investment performance that can be heavier than any fee you pay. But they might also be the easiest to reduce, with the right strategies in place. Morgan Stanley Total Tax 365 offers a full spectrum of tax-efficient solutions to help mitigate the tax drag on your portfolio—so you can keep more of what you earn and improve after-tax returns.
4. Tax Strategies for Retirement
Consider these strategies to help you reduce your taxable income, generate tax-advantaged growth potential in your retirement accounts and keep more of what you've worked so hard to save.
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Read the latest monthly publication on the markets that summarizes the Global Investment Committee's market outlook.
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The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
Location
12505 Park Potomac Avenue
Suite 200
Potomac, MD 20854
US
Direct:
(301) 279-6480(301) 279-6480
Meet The Mangiaracina Stuart Group
Gregory S. Stuart, CRPC®, CEPA®, QPFC
Senior Vice President, Financial Advisor
Phone:
(301) 279-6407(301) 279-6407
Elisa Mullisi
Registered Client Services Associate
Phone:
(301) 279-6415(301) 279-6415
About Me
Len brings more than 25 years of financial experience to every client he advises. He also brings an extensive background in investment analytics that is matched by his commitment to helping clients surmount the obstacles between them and their financial goals.
A New Jersey native, Len graduated from Rutgers University with a BA in Economics and later earned a Masters degree in Public Policy from The University of Pennsylvania. He decided to combine his passions for finance and politics by beginning his career as a Public Finance specialist, advising local governments in New Jersey and Pennsylvania. Several years later, he started his own firm that provided equity and mutual fund analytics to investors seeking information on what funds and institutions were buying and selling. In 2010, Len joined Merrill Lynch and put his analytical skills to work in the service of clients and their families. “I derive great satisfaction out of adding value to my clients’ lives,” he explains. “The deeper the conversation, the more I’m able to understand what my clients really care about and how to help them proceed toward their goals with greater certainty and confidence.”
Len co-founded The Mangiaracina Stuart Group with Greg Stuart in 2016. The team was named as one of Forbes Best-in-State Wealth Management Teams for 2023 and finds it especially gratifying that many of their clients are passing them on like a legacy to their children and grandchildren.
Outside the office, Len is an avid golfer and served as Chairman of the Board for First Tee, an organization focused on youth development through the integration of golf with a life skills curriculum. He has also been an active participant in Leadership Montgomery County.
Len resides in the Kentlands in Gaithersburg with his two teenage daughters.
Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/22. Awards Disclosures
A New Jersey native, Len graduated from Rutgers University with a BA in Economics and later earned a Masters degree in Public Policy from The University of Pennsylvania. He decided to combine his passions for finance and politics by beginning his career as a Public Finance specialist, advising local governments in New Jersey and Pennsylvania. Several years later, he started his own firm that provided equity and mutual fund analytics to investors seeking information on what funds and institutions were buying and selling. In 2010, Len joined Merrill Lynch and put his analytical skills to work in the service of clients and their families. “I derive great satisfaction out of adding value to my clients’ lives,” he explains. “The deeper the conversation, the more I’m able to understand what my clients really care about and how to help them proceed toward their goals with greater certainty and confidence.”
Len co-founded The Mangiaracina Stuart Group with Greg Stuart in 2016. The team was named as one of Forbes Best-in-State Wealth Management Teams for 2023 and finds it especially gratifying that many of their clients are passing them on like a legacy to their children and grandchildren.
Outside the office, Len is an avid golfer and served as Chairman of the Board for First Tee, an organization focused on youth development through the integration of golf with a life skills curriculum. He has also been an active participant in Leadership Montgomery County.
Len resides in the Kentlands in Gaithersburg with his two teenage daughters.
Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/22. Awards Disclosures
Securities Agent: AZ, WY, WV, VA, TX, TN, SC, RI, PA, OR, NY, NV, NM, NJ, NH, NC, MO, MI, MD, MA, IL, GA, FL, DE, DC, CT, CO, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 532989
NMLS#: 532989
About Me
Greg is a Financial Advisor The Mangiaracina Stuart Group just outside of Washington DC, in Potomac Maryland. He began his career at Citi Smith Barney before the financial crisis of 2008 and has since garnered national recognition on the Forbes Top Next-Gen Wealth Advisors Best-In-State List (2022). His team was also named to Forbes Best-in-State Wealth Management Teams list in 2023 and 2026.
Greg collaborates with high-net-worth families, founders, and senior executives to bring order and intention to complex wealth. His practice is concentrated in the technology, government contracting, and real estate sectors, where compensation structures, liquidity events, and concentrated equity positions require precision and disciplined planning.
He regularly advises executives at top Fortune 500 technology companies along with leaders at emerging AI and privately held firms navigating pivotal growth phases.
Greg’s work centers on striving to help clients make confident decisions around:
• Concentrated stock and risk exposure management
• Equity compensation optimization (ISOs, NSOs, RSUs)
• 10b5-1 plan coordination
• Tax Efficient Liquidity event preparation and post-transaction planning
• Investment strategy integration with tax efficiency
• Retirement income design for executives and business owners
• Donor-Advised Fund Integration and Charitable Estate Planning
Where many advisors focus solely on investment management, Greg takes a broader strategic planning view. He aligns equity decisions, portfolio construction, tax considerations, and long-term retirement objectives into one cohesive plan. His approach is pragmatic, forward-looking, and built to reduce unnecessary risk while preserving upside opportunity.
Greg is known for simplifying high-stakes financial decisions and translating technical complexity into clear, actionable strategy — helping clients to move forward with conviction, not uncertainty.
A Maryland native, Greg graduated from Randolph Macon College with a double major in Business Economics and British Literature. He and his wife Amanda, a proud naval veteran and tech executive, often volunteer at the Walter Reed National Military Medical Center’s USO Warrior and Family facility. Greg is also an active member of The Bullis School Alumni Board.
When not advising clients and giving back to his community, Greg enjoys travel, golf and spending time with his wife and their two sons.
Forbes America’s Top Next-Gen Wealth Advisors Best-in-State
Source: Forbes.com (Awarded Aug 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/21 - 3/31/22.
2023, 2026 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
NMLS# 775028
Greg collaborates with high-net-worth families, founders, and senior executives to bring order and intention to complex wealth. His practice is concentrated in the technology, government contracting, and real estate sectors, where compensation structures, liquidity events, and concentrated equity positions require precision and disciplined planning.
He regularly advises executives at top Fortune 500 technology companies along with leaders at emerging AI and privately held firms navigating pivotal growth phases.
Greg’s work centers on striving to help clients make confident decisions around:
• Concentrated stock and risk exposure management
• Equity compensation optimization (ISOs, NSOs, RSUs)
• 10b5-1 plan coordination
• Tax Efficient Liquidity event preparation and post-transaction planning
• Investment strategy integration with tax efficiency
• Retirement income design for executives and business owners
• Donor-Advised Fund Integration and Charitable Estate Planning
Where many advisors focus solely on investment management, Greg takes a broader strategic planning view. He aligns equity decisions, portfolio construction, tax considerations, and long-term retirement objectives into one cohesive plan. His approach is pragmatic, forward-looking, and built to reduce unnecessary risk while preserving upside opportunity.
Greg is known for simplifying high-stakes financial decisions and translating technical complexity into clear, actionable strategy — helping clients to move forward with conviction, not uncertainty.
A Maryland native, Greg graduated from Randolph Macon College with a double major in Business Economics and British Literature. He and his wife Amanda, a proud naval veteran and tech executive, often volunteer at the Walter Reed National Military Medical Center’s USO Warrior and Family facility. Greg is also an active member of The Bullis School Alumni Board.
When not advising clients and giving back to his community, Greg enjoys travel, golf and spending time with his wife and their two sons.
Forbes America’s Top Next-Gen Wealth Advisors Best-in-State
Source: Forbes.com (Awarded Aug 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/21 - 3/31/22.
2023, 2026 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
NMLS# 775028
Securities Agent: CA, AZ, DE, CO, CT, DC, GA, FL, IL, IN, MD, MA, MO, MI, NC, NH, NM, NJ, OR, NV, NY, PA, RI, SC, TN, TX, VA, WV, WY; General Securities Representative; Investment Advisor Representative
NMLS#: 775028
NMLS#: 775028
About Elisa Mullisi
Elisa Mullisi is a Registered Client Services Associate at Morgan Stanley with The Mangiaracina Stuart Group based in the Washington D.C - Baltimore Metro Area.
She has a strong background in leadership and financial services with experience in equity sales and trading.
Elisa holds her MSBA from the University of North Florida and served as the President of Finance and Investment Society at her alma mater.
Her professional and personal experiences, combined with her dedication, guide her approach to working with the clients of The Mangiaracina Stuart Group.
She delivers a high level of service and understanding to help them implement their investment and planning strategies.
Elisa’s professional licenses include the SIE, Series 7, and Series 66.
In her free time, she enjoys exploring the arts, practicing ballet, and traveling to different countries.
She has a strong background in leadership and financial services with experience in equity sales and trading.
Elisa holds her MSBA from the University of North Florida and served as the President of Finance and Investment Society at her alma mater.
Her professional and personal experiences, combined with her dedication, guide her approach to working with the clients of The Mangiaracina Stuart Group.
She delivers a high level of service and understanding to help them implement their investment and planning strategies.
Elisa’s professional licenses include the SIE, Series 7, and Series 66.
In her free time, she enjoys exploring the arts, practicing ballet, and traveling to different countries.
Contact Leonard Mangiaracina
Contact Gregory S. Stuart
Awards and Recognition
Forbes Best-In-State Wealth Advisors
Forbes Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2025) Data compiled by SHOOK Research LLC for the period 6/30/23 - 6/30/24.
Forbes Best-In-State Wealth Management Teams
2023, 2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2023, 2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Forbes America's Top Next-Gen Wealth Advisors
Forbes America’s Top Next-Gen Wealth Advisors Source: Forbes.com (Awarded Aug 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/21 - 3/31/22.
3
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Maria Tashjian
Private Banker
Ope Afe, CFP®, CRPC®
Financial Planning Director, Vice President
About Maria Tashjian
Maria Tashjian is a Private Banker serving Morgan Stanley Wealth Management offices in Maryland.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Maria began her career in financial services in 2006, and joined Morgan Stanley in 2010. Prior to being promoted to Private Banker in 2021, Maria served as the Associate Private Banker supporting Wealth Management offices in Virginia.
Maria is a graduate of the University of Massachusetts, where she received a Bachelor of Science in Management and a Master of Business Administration. She lives in Fairfax, Virginia with her family. Outside of the office, Maria enjoys spending time with her family and volunteering for local community organizations.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Maria began her career in financial services in 2006, and joined Morgan Stanley in 2010. Prior to being promoted to Private Banker in 2021, Maria served as the Associate Private Banker supporting Wealth Management offices in Virginia.
Maria is a graduate of the University of Massachusetts, where she received a Bachelor of Science in Management and a Master of Business Administration. She lives in Fairfax, Virginia with her family. Outside of the office, Maria enjoys spending time with her family and volunteering for local community organizations.
NMLS#: 1500388
About Ope Afe
Ope Afe is a vice president and financial planning director serving Morgan Stanley Wealth Management offices in Central Maryland. She is responsible for helping financial advisors with their clients’ and prospects’ financial planning needs.
Ope began her career in financial services in 2005 and joined Morgan Stanley in 2023. Prior to her current position, she worked as a senior advisor at T. Rowe Price in their private client group in Owings Mills, MD. She has also held various wealth management roles at TIAA, SunTrust, PNC and Wells Fargo (Wachovia).
Ope is a graduate of Morgan State University where she received a bachelor’s degree in finance, and also graduated from Loyola University Maryland with an MBA. She holds her CERTIFIED FINANCIAL PLANNER™ and Chartered Retirement Planning Counselor® designations. Ope lives in Howard County, MD, and enjoys traveling, trying out new recipes and spending time with her husband and two daughters.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
Ope began her career in financial services in 2005 and joined Morgan Stanley in 2023. Prior to her current position, she worked as a senior advisor at T. Rowe Price in their private client group in Owings Mills, MD. She has also held various wealth management roles at TIAA, SunTrust, PNC and Wells Fargo (Wachovia).
Ope is a graduate of Morgan State University where she received a bachelor’s degree in finance, and also graduated from Loyola University Maryland with an MBA. She holds her CERTIFIED FINANCIAL PLANNER™ and Chartered Retirement Planning Counselor® designations. Ope lives in Howard County, MD, and enjoys traveling, trying out new recipes and spending time with her husband and two daughters.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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A Simple Six-Step Retirement Checkup
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529 Plans: A Powerful Tool to Save for Education
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Financial Planning for Life After Selling a Business
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Ready to start a conversation? Contact The Mangiaracina Stuart Group 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.
2Alternative 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.
3Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4Morgan 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.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC 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
7Investing 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.
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.
2Alternative 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.
3Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4Morgan 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.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC 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
7Investing 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.
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), 4763067 (9/2025)
