Henry Keating
Executive Director, Wealth Management, Financial Advisor, Alternative Investments Director
Phone:
(914) 225-4782(914) 225-4782
Milton Point Group at Morgan Stanley
Henry KeatingPaul J. Olivo, CIMA®John SolimanHoward InnerfieldSteven BekoffCristen BradySue Tomasello
Direct:
(914) 225-4782(914) 225-4782
Toll-Free:
(888) 499-8544(888) 499-8544
Our Mission Statement
To be your primary source of financial guidance – the first people you call whenever you have a question or concern about any aspect of your financial life
Our Story
Financial issues have always been complex, but as markets become increasingly global and new types of vehicles emerge every year, even financially astute individuals sometimes wonder if they’re making the right choices.
That’s where we come in.
The Milton Point Group is a team of experienced financial professionals who are committed to helping clients achieve the goals to which they aspire. Our Financial Advisors include:
• Henry Keating, a Morgan Stanley-credentialed Alternative Investment Director who has been advising clients for more than 30 years.
• Paul Olivo, a Certified Investment Management Analyst (CIMA®) with a deep knowledge of investment strategies and financial markets
• John Soliman, a Morgan Stanley credentialed Financial Planning Specialist and Alternative Investments Director
• Joe Daly, a Certified Financial Planner (CFP®) professional who can help clients understand and surmount the complex challenges standing between them and their goals
• Howard Innerfield with more than 45 years of financial services experience
Our clients include successful business owners, corporate executives and the companies that employ them, not-for-profit institutions, and, of course, wealthy families seeking to preserve what they’ve worked so hard to attain. The care and attention that we provide have enabled us to develop relationships that are distinguished by their depth and longevity. In fact, many of our clients have passed us on like a legacy to their children, grandchildren and other family members.
That’s where we come in.
The Milton Point Group is a team of experienced financial professionals who are committed to helping clients achieve the goals to which they aspire. Our Financial Advisors include:
• Henry Keating, a Morgan Stanley-credentialed Alternative Investment Director who has been advising clients for more than 30 years.
• Paul Olivo, a Certified Investment Management Analyst (CIMA®) with a deep knowledge of investment strategies and financial markets
• John Soliman, a Morgan Stanley credentialed Financial Planning Specialist and Alternative Investments Director
• Joe Daly, a Certified Financial Planner (CFP®) professional who can help clients understand and surmount the complex challenges standing between them and their goals
• Howard Innerfield with more than 45 years of financial services experience
Our clients include successful business owners, corporate executives and the companies that employ them, not-for-profit institutions, and, of course, wealthy families seeking to preserve what they’ve worked so hard to attain. The care and attention that we provide have enabled us to develop relationships that are distinguished by their depth and longevity. In fact, many of our clients have passed us on like a legacy to their children, grandchildren and other family members.
Services Include
- Wealth Consulting
- Wealth ManagementFootnote1
- 401(k) Rollovers
- Alternative InvestmentsFootnote2
- Asset Management
- Cash ManagementFootnote3
- Corporate BondsFootnote4
- Defined Contribution PlansFootnote5
- Estate Planning StrategiesFootnote6
- Financial PlanningFootnote7
- Municipal BondsFootnote8
- Retirement PlanningFootnote9
- Trust AccountsFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Location
2000 Westchester Ave 1nc
Purchase, NY 10577
US
Direct:
(914) 225-4782(914) 225-4782
Toll-Free:
(888) 499-8544(888) 499-8544
Meet Milton Point Group
Phone:
(914) 225-0177(914) 225-0177
John Soliman
Senior Vice President, Wealth Management, Financial Advisor, Alternative Investments Director
Phone:
(914) 225-4883(914) 225-4883
Phone:
(914) 225-0714(914) 225-0714
Steven Bekoff
Vice President, Group Director, Alternative Investment Specialist
Phone:
(914) 225-6243(914) 225-6243
Cristen Brady
Registered Client Service Associate
Phone:
(914) 225-1388(914) 225-1388
Vincenzo Costanzo
Registered Client Service Associate
Phone:
(914) 225-0091(914) 225-0091
Sue Tomasello
Portfolio Associate
Phone:
(914) 225-0748(914) 225-0748
About Henry Keating
Henry Keating
Executive Director, Wealth Management
Alternative Investments Director
Financial Advisor
Henry co-founded The Milton Point Group and brings more than 30 years of financial experience to every client he advises. He began his career at Citibank but soon realized that his passion lay with helping individual clients achieve their aspirations through customized investment strategies. “I derive great satisfaction out of guiding clients through various life stages and providing them with solutions to the challenges they face,” he says. “Many of my clients have been with me for several decades.”
Henry joined Morgan Stanley in 2011, a time when alternative investments were beginning to be recognized as an important component of clients’ asset allocations. He earned Morgan Stanley’s prestigious Alternative Investment Director designation and believes that carefully chosen alternatives can decrease volatility while adding to a portfolio’s overall return. “I was a Political Science major in college,” he explains, “and like my major, Alternatives demand a study of not only finance, but economics, business and politics.”
A graduate of Wittenburg University in Ohio, Henry grew up in Darien, Connecticut and now resides in Wilton with his wife, Karen. Over the years, he has been active in his community, having served on several boards, while supporting charitable organizations like Folds of Honor, and sponsoring golf tournaments at local clubs. He and Karen are the proud parents of three adult children who live in NYC and are establishing their own successful careers.
Executive Director, Wealth Management
Alternative Investments Director
Financial Advisor
Henry co-founded The Milton Point Group and brings more than 30 years of financial experience to every client he advises. He began his career at Citibank but soon realized that his passion lay with helping individual clients achieve their aspirations through customized investment strategies. “I derive great satisfaction out of guiding clients through various life stages and providing them with solutions to the challenges they face,” he says. “Many of my clients have been with me for several decades.”
Henry joined Morgan Stanley in 2011, a time when alternative investments were beginning to be recognized as an important component of clients’ asset allocations. He earned Morgan Stanley’s prestigious Alternative Investment Director designation and believes that carefully chosen alternatives can decrease volatility while adding to a portfolio’s overall return. “I was a Political Science major in college,” he explains, “and like my major, Alternatives demand a study of not only finance, but economics, business and politics.”
A graduate of Wittenburg University in Ohio, Henry grew up in Darien, Connecticut and now resides in Wilton with his wife, Karen. Over the years, he has been active in his community, having served on several boards, while supporting charitable organizations like Folds of Honor, and sponsoring golf tournaments at local clubs. He and Karen are the proud parents of three adult children who live in NYC and are establishing their own successful careers.
Securities Agent: MD, NJ, IN, AZ, AL, TX, NM, NE, KS, CA, MO, KY, ID, HI, GA, CO, NH, IL, AR, UT, NV, CT, OR, MI, IA, DE, VT, SC, PA, OK, NY, MA, FL, DC, WI, RI, LA, WA, VA, OH, MN, ME, NC; General Securities Representative; Investment Advisor Representative
NMLS#: 1270151
NMLS#: 1270151
About Paul J. Olivo
Paul Olivo, CIMA®
Senior Vice President
Certified Investment Management Analyst
Financial Advisor
Paul co-founded The Milton Point Group in 2025, and like the team’s other co-founders, he brings decades of experience to the clients he serves. His career began as an intern at PaineWebber where he realized how much he enjoyed interacting with clients and helping them surmount the obstacles standing between them and their financial goals.
“I’m endlessly fascinated by my clients’ stories,” he says. “How they got to where they are, what their areas of expertise are, and what they hope to achieve for themselves and their families.” Paul is a major proponent of financial planning and believes that if his client relationships begin with a plan, solutions will naturally follow. Those solutions include investments, but also go far beyond client portfolios to encompass retirement plans and financing strategies for growing businesses, exit strategies for business owners, and equity compensation guidance for corporate executives. In addition, Paul is a Certified Investment Management Analyst (CIMA®), a credential that enables him to evaluate third party investment managers and determine whether they have a place in the team’s client portfolios.
“The firm’s Consulting Group is unmatched in its ability to research asset managers for performance, risk assumed to achieve that performance, organizational excellence and other critical criteria,” he explains, “but my CIMA training has helped me determine whether asset management in public markets is a viable idea for certain clients or whether alternatives like private equity, credit or real estate might make more sense in certain cases.”
Paul grew up in Crestwood and still resides there with his wife Sandra and their two teenage sons, Peter and Paul. He is an active alumnus of Fordham Prep and takes a lead role in supporting the school’s lacrosse team through its Top Corners Club.
Senior Vice President
Certified Investment Management Analyst
Financial Advisor
Paul co-founded The Milton Point Group in 2025, and like the team’s other co-founders, he brings decades of experience to the clients he serves. His career began as an intern at PaineWebber where he realized how much he enjoyed interacting with clients and helping them surmount the obstacles standing between them and their financial goals.
“I’m endlessly fascinated by my clients’ stories,” he says. “How they got to where they are, what their areas of expertise are, and what they hope to achieve for themselves and their families.” Paul is a major proponent of financial planning and believes that if his client relationships begin with a plan, solutions will naturally follow. Those solutions include investments, but also go far beyond client portfolios to encompass retirement plans and financing strategies for growing businesses, exit strategies for business owners, and equity compensation guidance for corporate executives. In addition, Paul is a Certified Investment Management Analyst (CIMA®), a credential that enables him to evaluate third party investment managers and determine whether they have a place in the team’s client portfolios.
“The firm’s Consulting Group is unmatched in its ability to research asset managers for performance, risk assumed to achieve that performance, organizational excellence and other critical criteria,” he explains, “but my CIMA training has helped me determine whether asset management in public markets is a viable idea for certain clients or whether alternatives like private equity, credit or real estate might make more sense in certain cases.”
Paul grew up in Crestwood and still resides there with his wife Sandra and their two teenage sons, Peter and Paul. He is an active alumnus of Fordham Prep and takes a lead role in supporting the school’s lacrosse team through its Top Corners Club.
Securities Agent: HI, NY, NV, AL, VA, GA, CT, AZ, WA, TN, LA, KS, DC, NH, MD, FL, WI, OR, MI, OH, NM, NJ, IA, CA, VT, OK, MN, ME, IN, DE, NE, MA, MO, IL, TX, SC, RI, CO, NC, AR, UT, PA; General Securities Representative; Investment Advisor Representative
NMLS#: 2558084
NMLS#: 2558084
About John Soliman
John Soliman
Senior Vice President
Alternative Investments Director
Financial Planning Specialist
Financial Advisor
John co-founded The Milton Point Group in 2025, and like the team’s other co-founders, provides clients with advice that includes their investments but goes far beyond to encompass retirement planning, estate planning, insurance – in short, virtually every aspect of their financial lives. He began his career while still in college, working at a local Citibank branch where he realized how much he enjoyed helping clients meet the challenges that could have otherwise affected their ability to reach important financial goals. “I treasure the trust that clients give me,” he says, “and I find it deeply satisfying when they refer me to cousins, in-laws and other family members.”
John joined Morgan Stanley in 2011 and immediately recognized the advantages that the firm offered his clients. “Our Consulting Group researches hundreds of third-party investment managers annually,” he says, “and our Alternatives platform is far more extensive than those available at other firms. In addition, there are always experts available to work with me on especially complex issues like helping senior executives make the most of their equity compensation.”
Throughout his career, John has focused on educating not only his clients, but himself. He earned the firm’s prestigious Alternative Investments Director and Financial Planning Specialist designations, and outside the office, he teaches school age children and serves as a lector at The Resurrection Church in Rye. He also volunteers at POTS, Part of the Solution, an organization that is committed to fighting poverty and hunger in The Bronx.
John is a graduate of Fordham University. He resides in Rye with his wife Kerry and their two children, Nora and George. When not working with clients, coaching his kids’ sports, and volunteering in the community, he is an avid runner and golfer.
Senior Vice President
Alternative Investments Director
Financial Planning Specialist
Financial Advisor
John co-founded The Milton Point Group in 2025, and like the team’s other co-founders, provides clients with advice that includes their investments but goes far beyond to encompass retirement planning, estate planning, insurance – in short, virtually every aspect of their financial lives. He began his career while still in college, working at a local Citibank branch where he realized how much he enjoyed helping clients meet the challenges that could have otherwise affected their ability to reach important financial goals. “I treasure the trust that clients give me,” he says, “and I find it deeply satisfying when they refer me to cousins, in-laws and other family members.”
John joined Morgan Stanley in 2011 and immediately recognized the advantages that the firm offered his clients. “Our Consulting Group researches hundreds of third-party investment managers annually,” he says, “and our Alternatives platform is far more extensive than those available at other firms. In addition, there are always experts available to work with me on especially complex issues like helping senior executives make the most of their equity compensation.”
Throughout his career, John has focused on educating not only his clients, but himself. He earned the firm’s prestigious Alternative Investments Director and Financial Planning Specialist designations, and outside the office, he teaches school age children and serves as a lector at The Resurrection Church in Rye. He also volunteers at POTS, Part of the Solution, an organization that is committed to fighting poverty and hunger in The Bronx.
John is a graduate of Fordham University. He resides in Rye with his wife Kerry and their two children, Nora and George. When not working with clients, coaching his kids’ sports, and volunteering in the community, he is an avid runner and golfer.
Securities Agent: MN, MD, DE, CO, WA, PA, GA, AR, VA, NJ, IN, IL, CT, NE, OH, MI, MA, KS, AL, RI, NM, NC, MO, CA, WI, TN, SC, NV, ID, AZ, KY, IA, FL, DC, VT, UT, TX, NH, ME, LA, OR, OK, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 1261910
NMLS#: 1261910
About Howard Innerfield
Howard Innerfield
Vice President
Financial Advisor
Howard is the newest member of The Milton Point Group but the Financial Advisor with the longest tenure. After studying business and communications at The University of Florida, he began his career in 1978 when he traded gold for a Wall Street precious metals firm. Two years later, he joined a Morgan Stanley predecessor firm and began working with individual clients on their investments and other aspects of their financial lives.
“I really enjoy dealing with people,” he explains, “and meeting the challenge of helping them achieve their goals through successful investing.”
Howard serves a wide variety of clients, including business owners and senior executives, as well as families seeking greater financial security. Outside the office, he enjoys fishing, golf, and. spending time with his three daughters. In addition, Howard was a professional chef who created memorable dishes at Westchester restaurants before he became a Financial Advisor. “I still love to cook,” he says, “but now I spend most of my time creating what I hope will be memorable portfolios for my clients.”
Vice President
Financial Advisor
Howard is the newest member of The Milton Point Group but the Financial Advisor with the longest tenure. After studying business and communications at The University of Florida, he began his career in 1978 when he traded gold for a Wall Street precious metals firm. Two years later, he joined a Morgan Stanley predecessor firm and began working with individual clients on their investments and other aspects of their financial lives.
“I really enjoy dealing with people,” he explains, “and meeting the challenge of helping them achieve their goals through successful investing.”
Howard serves a wide variety of clients, including business owners and senior executives, as well as families seeking greater financial security. Outside the office, he enjoys fishing, golf, and. spending time with his three daughters. In addition, Howard was a professional chef who created memorable dishes at Westchester restaurants before he became a Financial Advisor. “I still love to cook,” he says, “but now I spend most of my time creating what I hope will be memorable portfolios for my clients.”
Securities Agent: AK, VA, NC, CT, NM, MI, MA, IA, CA, SC, PA, OH, RI, NH, ME, KS, LA, WA, NE, IL, AR, TX, MD, DE, AZ, VT, UT, TN, OK, NJ, DC, AL, NY, NV, MO, IN, CO, WI, OR, MN, GA, FL; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1262314
NMLS#: 1262314
About Steven Bekoff
Steven Bekoff
Vice President
Group Director
Steven wears numerous hats in his capacity as The Milton Point Group’s Group Director. Financial Advisors look to him for assistance in creating performance reports, researching alternative investments, monitoring client portfolios and executing trades. The team’s Client Service Associates rely on Steven for his administrative acumen and ability to foresee client needs and requirements.
Steven began his financial career at Citibank where he met several of his current colleagues and joined them in their 2016 move to Morgan Stanley. He greatly enjoys interacting with clients and providing them with the assistance they need to track their investment performance and conduct transactions ranging from transferring assets to executing buy and sell orders,
A graduate of University of Massachusetts, Amherst, Steven resides on Long Island with his wife, Jodi, and their two children, Zach and Avery. He enjoys coaching his kids in youth sports and is an active member of his community and synagogue.
Vice President
Group Director
Steven wears numerous hats in his capacity as The Milton Point Group’s Group Director. Financial Advisors look to him for assistance in creating performance reports, researching alternative investments, monitoring client portfolios and executing trades. The team’s Client Service Associates rely on Steven for his administrative acumen and ability to foresee client needs and requirements.
Steven began his financial career at Citibank where he met several of his current colleagues and joined them in their 2016 move to Morgan Stanley. He greatly enjoys interacting with clients and providing them with the assistance they need to track their investment performance and conduct transactions ranging from transferring assets to executing buy and sell orders,
A graduate of University of Massachusetts, Amherst, Steven resides on Long Island with his wife, Jodi, and their two children, Zach and Avery. He enjoys coaching his kids in youth sports and is an active member of his community and synagogue.
About Cristen Brady
Cristen Brady
Registered Client Service Associate
Cristen joined The Milton Point Group in 2023 after spending six years at UBS. There, she worked as a Service Associate and Technology Liaison for her entire branch office. At Morgan Stanley, Cristen performs a wide variety of functions, all of which are designed to help clients simplify their financial lives. From opening accounts and transferring assets to wiring assets for real estate closings and other complex transactions, clients know they can depend on Cristen for prompt, reliable service that is always delivered with patience and care. “I take great satisfaction in realizing that over time, clients have become more and more comfortable with me,” she says. “The relationships I’ve developed with them are my favorite part of what I do.”
Cristen is a graduate of Coastal Carolina University. She and her husband Brian reside in Yonkers.
Registered Client Service Associate
Cristen joined The Milton Point Group in 2023 after spending six years at UBS. There, she worked as a Service Associate and Technology Liaison for her entire branch office. At Morgan Stanley, Cristen performs a wide variety of functions, all of which are designed to help clients simplify their financial lives. From opening accounts and transferring assets to wiring assets for real estate closings and other complex transactions, clients know they can depend on Cristen for prompt, reliable service that is always delivered with patience and care. “I take great satisfaction in realizing that over time, clients have become more and more comfortable with me,” she says. “The relationships I’ve developed with them are my favorite part of what I do.”
Cristen is a graduate of Coastal Carolina University. She and her husband Brian reside in Yonkers.
About Vincenzo Costanzo
Vincenzo Costanzo
Registered Client Service Associate
Helping clients transfer assets, complete complex documentation, execute trades – Vin performs a wide variety of operational and administrative functions. Clients depend on him for prompt, attentive service. “I really enjoy interacting with clients,” he says. “They’re all different with different needs and situations, and I find it especially gratifying when I can help them simplify their financial lives.”
Vin joined The Milton Point Group in 2025 after beginning his financial career at Chase Bank. He is a graduate of The University of Tennessee where he majored in Finance with a minor in Entrepreneurship. Someday, he hopes to become a Financial Advisor and realizes how fortunate he is to work with a team that is always willing to offer guidance and advice. When not working with clients, Vin enjoys playing softball and rooting for the Yankees and, of course, the Tennessee Volunteers.
Registered Client Service Associate
Helping clients transfer assets, complete complex documentation, execute trades – Vin performs a wide variety of operational and administrative functions. Clients depend on him for prompt, attentive service. “I really enjoy interacting with clients,” he says. “They’re all different with different needs and situations, and I find it especially gratifying when I can help them simplify their financial lives.”
Vin joined The Milton Point Group in 2025 after beginning his financial career at Chase Bank. He is a graduate of The University of Tennessee where he majored in Finance with a minor in Entrepreneurship. Someday, he hopes to become a Financial Advisor and realizes how fortunate he is to work with a team that is always willing to offer guidance and advice. When not working with clients, Vin enjoys playing softball and rooting for the Yankees and, of course, the Tennessee Volunteers.
About Sue Tomasello
Sue Tomasello
Portfolio Associate
With more than 34 years of financial services experience, Sue understands the importance of getting to know her clients so she can provide them with the personalized service they deserve. That service may include researching accounts for missing cost bases, processing time-consuming paperwork for annuities, and implementing Financial Advisor recommendations by executing trades. “I love what I do,” she says. “Every day is different and there is always something new. I’ve watched our clients go through various life stages and I treasure the confidence they have in me that I will help them meet the challenges they face.”
Sue graduated from Ithaca College with a degree in Business Administration. She also earned a Master’s degree from Wagner College while working full-time in international equities at Merrill Lynch. Throughout her long career, she has worked at several well-known Wall Street firms and is well prepared to serve as an important link between clients and their Financial Advisors. Outside the office, Sue spends much of her time babysitting (and fawning over) her four grandchildren. She has also participated in numerous Morgan Stanley charitable initiatives
Portfolio Associate
With more than 34 years of financial services experience, Sue understands the importance of getting to know her clients so she can provide them with the personalized service they deserve. That service may include researching accounts for missing cost bases, processing time-consuming paperwork for annuities, and implementing Financial Advisor recommendations by executing trades. “I love what I do,” she says. “Every day is different and there is always something new. I’ve watched our clients go through various life stages and I treasure the confidence they have in me that I will help them meet the challenges they face.”
Sue graduated from Ithaca College with a degree in Business Administration. She also earned a Master’s degree from Wagner College while working full-time in international equities at Merrill Lynch. Throughout her long career, she has worked at several well-known Wall Street firms and is well prepared to serve as an important link between clients and their Financial Advisors. Outside the office, Sue spends much of her time babysitting (and fawning over) her four grandchildren. She has also participated in numerous Morgan Stanley charitable initiatives
Contact Henry Keating
Contact Paul J. Olivo
Contact John Soliman
Contact Howard Innerfield
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Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
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Ready to start a conversation? Contact Milton Point Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
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 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
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
7Morgan 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.
8Municipal 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.
9When 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.
10Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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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.
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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.
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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 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
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
7Morgan 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.
8Municipal 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.
9When 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.
10Morgan 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.
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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:
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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)
