Phone:
(214) 661-7066(214) 661-7066
Meridian Point Group at Morgan Stanley
Dallas:
(214) 855-7900(214) 855-7900
Toll-Free:
(800) 527-5814(800) 527-5814
Industry Award WinnerOur Mission Statement
Named "Best-in-State Wealth Management Team" by Forbes/Shook Research for 2023, 2024, 2025 and 2026.
Our Story and Services
Our story began over a decade ago while working together at one of the nation’s largest financial institutions. Given our varied backgrounds, synergies seemed unlikely. After all, what do a former Marine, a small town guy, a young entrepreneur and Division One football player have in common? As it turned out, we had a lot in common. Strong family values, dedication to our clients, a sense of humor, and a mutual respect for each other’s strengths. We formed this team because of our shared passion for this business, and a belief that clients deserved more than a simple financial plan. In fact, we wanted to give our clients the one thing they needed the most, but couldn't manufacture on their own.
We wanted to give our clients time.
Time to spend with family, to pursue passions, to grow their business, and to give back to their communities. With this one idea, the Meridian Point Group was formed. We use a proven process that allows busy business owners to take back the time they spent on financial details and use that time for the things that matter.
Use the tabs above to learn more about our clients, our process, and our services.
We wanted to give our clients time.
Time to spend with family, to pursue passions, to grow their business, and to give back to their communities. With this one idea, the Meridian Point Group was formed. We use a proven process that allows busy business owners to take back the time they spent on financial details and use that time for the things that matter.
Use the tabs above to learn more about our clients, our process, and our services.
Services Include
- Wealth ManagementFootnote1
- Business Succession PlanningFootnote2
- Estate Planning StrategiesFootnote3
- Philanthropic ManagementFootnote4
- Cash Management and Lending ProductsFootnote5
- Alternative InvestmentsFootnote6
- Planning for Education FundingFootnote7
- Donor Advised Funds
- Financial PlanningFootnote8
- Retirement PlanningFootnote9
- Life InsuranceFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Your Life. Our Priority
Every one of our ultra high net worth clients is unique. Industries, backgrounds, family size and composition, and personal interests make for a varied group. While as diverse as they are, they all share several characterisitcs.
- Our clients are successful.
- They want an advisor they can trust.
- They demand integrity.
- They value insight and experience.
- They are philanthropic and passionate.
- They prioritize their families.
Our relationships extend beyond our clients. Their children and extended family become a part of the relationship as well. We often assist them with family meetings, wealth stewardship and financial education for succeeding generations. Our team is built to provide multi-generational wealth management.
Family Office Resources
For clients with combined net worth over $25 million, Morgan Stanley provides many of the same services found in Single Family Offices created by Ultra High Net Worth families.
Financial Planning and Investments
We build and manage an investment strategy designed around your goals, cash needs, and risk comfort, then monitor it and provide clear reporting. This includes thoughtful diversification, tax-aware investing, and careful selection of investment managers and solutions.
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Tax Strategies
We coordinate year-round planning to help reduce taxes and avoid surprises. This includes working in tandem with your CPA on estimated payments, trust and estate tax considerations, and advanced planning strategies when appropriate.
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Wealth & Estate Planning
We help you protect what you have and establish a legacy by coordinating with your estate attorney and overseeing trust planning and administration. This includes asset protection, family partnership structures, and succession planning for business owners.
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Private Investments
Our team helps you access and evaluate private investment opportunities in private equity, venture capital, real estate, and private credit. Our support includes thorough due diligence, co-investment possibilities, and oversight of alternative holdings.
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Risk Management
We review your insurance and liability coverage to help protect your family, assets, and lifestyle from unexpected events. This includes property and casualty, umbrella coverage, and life insurance planning and analysis.
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Exit Planning
We’re here to help business owners prepare for major transitional events, from early planning through transaction coordination. This includes capital structure, tax-aware exit modeling, and coordination with Morgan Stanley M&A professionals.
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Bookkeeping and Administration
We simplify the day-to-day finances by paying bills, organizing reporting, tracking cash flow and net worth, and maintaining accounting records. This also includes secure document storage, consolidated performance reporting, and cybersecurity protections.
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Lifestyle Advisory
Lifestyle Advisory is our ultimate selection of lifestyle specialists. They are here to help make important life decisions simpler. From aircraft advisory, luxury travel, higher education consulting, and private health advisory, our group of specialists provides custom guidance to complement your lifestyle.
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Cash Management and Lending
Morgan Stanley offers a variety of financial products including cash management, debit cards, Morgan Stanley American Express cards, home loans, securities-based loans and tailored lending solutions. These comprehensive offerings aim to support your cash flow, liquidity and financing objectives.
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Family Governance and Philanthropy
Morgan Stanley can help create family mission statements, lead family meetings and facilitate succession plans. In addition, our experts can help identify shared charitable objectives, review trends and current issues, and facilitate your giving journey.
Click here for more informationMeridian Point Group Videos
Below is a collection of educational and informative videos from The Meridian Point Group
Meet Rob Moore
Rob Moore details his service in the Marine Corps, and how discipline and dedication drive his service to clients.
Click here to view the video
Meet Matthew Smith
Matthew Smith describes his small town upbringing and the values he still holds.
Click here to view the video
Meet Jonathan Bassham
Jonathan Bassham describes how his upbringing gives him passion for great advice.
Click here to view the video
Meet Jon Piorkowski
Jon describes his love for family, football, and the financial markets.
Click here to view the videoAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
2121 North Pearl St
Ste 500
Dallas, TX 75201
US
Direct:
(214) 855-7900(214) 855-7900
Toll-Free:
(800) 527-5814(800) 527-5814
Fax:
(214) 855-7909(214) 855-7909
Meet Meridian Point Group
Phone:
(214) 661-7067(214) 661-7067
Executive Director, Wealth Management, Financial Advisor, Senior Portfolio Manager, Alternative Investments Director
Phone:
(214) 661-7068(214) 661-7068
Senior Vice President, Financial Advisor, Senior Portfolio Manager, Alternative Investments Director
Phone:
(214) 661-7069(214) 661-7069
Jocelyn Pham
Registered Client Service Associate
About Jonathan Bassham
Jonathan Bassham is a Financial Advisor at Morgan Stanley Wealth Management. Working primarily with business owners and executives, Jonathan helps clients navigate the complexities of managing significant wealth. Beginning in investment strategy, Jonathan and his team often touch every aspect of his clients’ financial lives, including lending, business advisory, generational wealth transfer, cash management, philanthropy and family governance.
Prior to joining Morgan Stanley, Jonathan was a Vice President at the J.P. Morgan Private Bank in Dallas, Texas. While at J.P. Morgan, he advised high net worth families in Texas and Louisiana. Jonathan started his career in wealth management at AXA Advisors in Austin, Texas, where he was an investment advisor and specialized in advising small business owners. Jonathan graduated from Baylor University with a B.B.A in Finance. He holds Series 7 and 66 securities licenses.
Jonathan serves on the board of Dallas CASA, a non-profit organization that advocates for the best interest of abused and neglected children in protective care and works to find them safe, permanent homes. He also serves on the Host Committee for Great Investors' Best Ideas, a non-profit organization that supports the Vickery Meadow Youth Foundation and the Michael J.Fox Foundation.
Jonathan married his high school sweetheart, Christine. They live in East Dallas with their three children and a very spoiled King Charles Cavalier and attend Munger Place Church. Jonathan and Christine are avid travelers and have taught their children to be the same. Stonington, CT, San Clemente, CA and Cabo San Lucas being among their favorite vacation spots. Most of Jonathan’s free time is spent outdoors with his family – in the pool, on the soccer field, cycling around White Rock Lake or driving around East Dallas in the family golf cart.
Prior to joining Morgan Stanley, Jonathan was a Vice President at the J.P. Morgan Private Bank in Dallas, Texas. While at J.P. Morgan, he advised high net worth families in Texas and Louisiana. Jonathan started his career in wealth management at AXA Advisors in Austin, Texas, where he was an investment advisor and specialized in advising small business owners. Jonathan graduated from Baylor University with a B.B.A in Finance. He holds Series 7 and 66 securities licenses.
Jonathan serves on the board of Dallas CASA, a non-profit organization that advocates for the best interest of abused and neglected children in protective care and works to find them safe, permanent homes. He also serves on the Host Committee for Great Investors' Best Ideas, a non-profit organization that supports the Vickery Meadow Youth Foundation and the Michael J.Fox Foundation.
Jonathan married his high school sweetheart, Christine. They live in East Dallas with their three children and a very spoiled King Charles Cavalier and attend Munger Place Church. Jonathan and Christine are avid travelers and have taught their children to be the same. Stonington, CT, San Clemente, CA and Cabo San Lucas being among their favorite vacation spots. Most of Jonathan’s free time is spent outdoors with his family – in the pool, on the soccer field, cycling around White Rock Lake or driving around East Dallas in the family golf cart.
Securities Agent: SD, WY, NE, MA, ID, AL, NM, NJ, DE, CO, VA, TX, OH, NY, NC, MI, KS, AZ, WA, PR, LA, GA, CA, UT, MO, CT, OK, MT, IL, FL, DC, MD; General Securities Representative; Investment Advisor Representative
NMLS#: 821951
NMLS#: 821951
About Robert H Moore
Rob is a Portfolio Manager at Morgan Stanley, focusing on High Net Worth families with sophisticated investment and wealth management needs. He is a co-Portfolio Manager for the team’s U.S. Core Equity and Dividend Plus strategies, and oversees the team’s asset allocation strategy. Rob draws on his experience in asset management to create and implement highly customized investment portfolios for his clients.
Rob was previously an Executive Director at J.P. Morgan Private Bank. While at J.P. Morgan, he managed the Dallas Private Bank’s investment and trading desk and was a member of the Portfolio Construction Committee, which is responsible for making strategic and tactical implementation decisions for private banking client’s discretionary portfolios.
Prior to and during his work in the financial industry Rob served in the U.S. Marine Corps as an Infantry and Intelligence Officer where he attained the rank of Major. During his 14 years in the Marine Corps, Rob served combat tours of duty throughout the Middle East where he worked with conventional and special forces units to disrupted insurgent and terrorist cells and bring stability in those war torn areas.
Rob is active in the community and has served on various not-for-profit boards in senior leadership positions, and is an advocate for veteran issues. He served as an Executive Committee member for the Warrior Benefit, a not-for-profit organization which supports wounded combat veterans. Rob is the Past President of the Board of Trustees for McKinney Education Foundation, which helps provide scholarships for the students of McKinney ISD, and is also a current Athlete Mentor for We Defy Foundation, which provides combat veterans coping with military related disabilities means to overcome their challenges through Brazilian Jiu Jitsu and fitness training.
Rob holds a Bachelor of Arts degree from San Diego State University and currently resides in McKinney, Texas with his wife Andrea and their daughter. Rob is a Black Belt in Brazilian Jiu Jitsu where he has competed on an international stage, and is an avid outdoorsman who is also learning the fine art of archery.
Rob was previously an Executive Director at J.P. Morgan Private Bank. While at J.P. Morgan, he managed the Dallas Private Bank’s investment and trading desk and was a member of the Portfolio Construction Committee, which is responsible for making strategic and tactical implementation decisions for private banking client’s discretionary portfolios.
Prior to and during his work in the financial industry Rob served in the U.S. Marine Corps as an Infantry and Intelligence Officer where he attained the rank of Major. During his 14 years in the Marine Corps, Rob served combat tours of duty throughout the Middle East where he worked with conventional and special forces units to disrupted insurgent and terrorist cells and bring stability in those war torn areas.
Rob is active in the community and has served on various not-for-profit boards in senior leadership positions, and is an advocate for veteran issues. He served as an Executive Committee member for the Warrior Benefit, a not-for-profit organization which supports wounded combat veterans. Rob is the Past President of the Board of Trustees for McKinney Education Foundation, which helps provide scholarships for the students of McKinney ISD, and is also a current Athlete Mentor for We Defy Foundation, which provides combat veterans coping with military related disabilities means to overcome their challenges through Brazilian Jiu Jitsu and fitness training.
Rob holds a Bachelor of Arts degree from San Diego State University and currently resides in McKinney, Texas with his wife Andrea and their daughter. Rob is a Black Belt in Brazilian Jiu Jitsu where he has competed on an international stage, and is an avid outdoorsman who is also learning the fine art of archery.
Securities Agent: NY, CT, AZ, SD, OK, OH, NJ, LA, GA, FL, WY, MI, MT, DC, VA, MO, TN, NE, MD, TX, PR, IL, CA, NM, NC, MA, KS, ID, DE, CO, AL, WA, UT; General Securities Representative; Investment Advisor Representative
NMLS#: 837107
NMLS#: 837107
About Matthew Smith
Matthew Smith is a Financial Advisor and Portfolio Manager with the Meridian Point Group at Morgan Stanley . Matthew works with high net worth families to create and implement strategies that include investment management, estate planning, and cash management.
Matthew was previously a Managing Director at the J.P. Morgan Private Bank where he most recently supervised a team of bankers, associates, and analysts that focused on wealthy individuals who owned and operated their own privately held businesses. From 2014 to 2016, Matthew was Market Manager for J.P. Morgan’s High Net Worth Market in Dallas.
Prior to his role as Market Manager in Dallas, Matthew spent 19 years in Houston. His experience there included roles in the commercial banking units at Wells Fargo and Chase Bank. From 1998 to 2004 he was the Development Director for Tondu Corporation, a privately held holding company involved in power generation, materials science and commodities.
Matthew received a B.S. in Business Administration from Trinity University and an MBA from Southern Methodist University. Personally, Matthew enjoys spending time outdoors with his wife and four daughters.
Matthew was previously a Managing Director at the J.P. Morgan Private Bank where he most recently supervised a team of bankers, associates, and analysts that focused on wealthy individuals who owned and operated their own privately held businesses. From 2014 to 2016, Matthew was Market Manager for J.P. Morgan’s High Net Worth Market in Dallas.
Prior to his role as Market Manager in Dallas, Matthew spent 19 years in Houston. His experience there included roles in the commercial banking units at Wells Fargo and Chase Bank. From 1998 to 2004 he was the Development Director for Tondu Corporation, a privately held holding company involved in power generation, materials science and commodities.
Matthew received a B.S. in Business Administration from Trinity University and an MBA from Southern Methodist University. Personally, Matthew enjoys spending time outdoors with his wife and four daughters.
Securities Agent: ID, SD, WY, KS, AZ, AL, NE, MT, GA, IL, DE, CT, WA, PR, VA, UT, NY, OK, MO, FL, DC, NM, NJ, LA, CO, OH, NC, MI, TX, MD, MA, CA; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 821397
NMLS#: 821397
About Jon P Piorkowski
Jon Piorkowski is a Financial Advisor and Senior Portfolio Manager at Morgan Stanley Wealth Management, focusing on high net worth families with sophisticated investment and wealth transfer needs. He is a co-Portfolio Manager for the team’s U.S. equity and asset allocation-based strategies. Jon is also an Alternative Investments Director, focusing on private investing in equity, credit, and real estate.
Jon was formerly an Investment Specialist at J.P. Morgan Private Bank in Dallas. He customized investment solutions in both discretionary and non-discretionary capacities for high net worth individuals, families and foundations. He began his career with J.P. Morgan as an analyst in Houston, TX. After his years as an analyst, he was promoted to investment associate where he specialized in complex trading strategies and brokerage solutions for high net worth families.
Jon played football at two Division I programs, Baylor University and the University of Tulsa. Jon received a B.B.A from Baylor University with a major in Finance and a concentration in Accounting.
Jon currently resides in Dallas, TX with his wife and two daughters. He met his wife at Baylor and has been married since 2011. His first priority is spending time with family – vacations, holidays, and ‘play-time’ with his daughters take up most of his time. Given his history in football, he finds it’s hard to put away his love for fitness and health. He’s a strong advocate for resistance training, intermittent fasting, and high protein diets. Since growing up on a lake taught him the joys of water sports, he sets aside time on the weekends for outdoor activities. Jon’s other hobbies include reading, relaxing by the pool, and researching health related topics including supplementation & longevity.
Jon was formerly an Investment Specialist at J.P. Morgan Private Bank in Dallas. He customized investment solutions in both discretionary and non-discretionary capacities for high net worth individuals, families and foundations. He began his career with J.P. Morgan as an analyst in Houston, TX. After his years as an analyst, he was promoted to investment associate where he specialized in complex trading strategies and brokerage solutions for high net worth families.
Jon played football at two Division I programs, Baylor University and the University of Tulsa. Jon received a B.B.A from Baylor University with a major in Finance and a concentration in Accounting.
Jon currently resides in Dallas, TX with his wife and two daughters. He met his wife at Baylor and has been married since 2011. His first priority is spending time with family – vacations, holidays, and ‘play-time’ with his daughters take up most of his time. Given his history in football, he finds it’s hard to put away his love for fitness and health. He’s a strong advocate for resistance training, intermittent fasting, and high protein diets. Since growing up on a lake taught him the joys of water sports, he sets aside time on the weekends for outdoor activities. Jon’s other hobbies include reading, relaxing by the pool, and researching health related topics including supplementation & longevity.
Securities Agent: SD, MD, UT, NJ, TX, OK, CO, NE, DE, AZ, AL, VA, MO, IL, GA, FL, CT, OH, MT, PR, ID, DC, NM, CA, NY, LA, WY, MA, KS, WA, NC, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 943024
NMLS#: 943024
About Jocelyn Pham
Jocelyn was born and raised in Vietnam and moved to the U.S for college. She recently earned her degree in Finance and Economics from the University of Texas at Arlington. While in college, Jocelyn worked in the hospitality industry where she developed a strong foundation in relationship management, problem-solving, and delivering exceptional service. She's driven by a fascination with how people build wealth, make decisions, and leave lasting legacies. Outside of work, Jocelyn is endlessly curious, spending most of her free time diving into human behavior, psychology, and philosophy. She also has a green thumb and a soft spot for houseplants, propagating them with care (and maybe a little tough love) so they thrive.
Contact Jonathan Bassham
Contact Robert H Moore
Contact Matthew Smith
Contact Jon P Piorkowski
Hear From Our Clients
Matt and Rob have been valued advisors in managing our family’s financial portfolio. Their understanding of our assets has resulted in a balanced and well executed strategy that has evolved many times during our working relationship. I appreciate the ideas they provide to help diversify our holdings in terms of industry, geography, and structure. The overall support and care that the entire Meridian Point Group provides us are above and beyond our admittedly above average expectations.
Scott L.
Verified ClientJuly 15, 2025
Over the past 10 years, the Meridian Point Group has provided our family with a deep sense of financial confidence−delivering on our goals with sound monetary guidance. Over time, our professional relationship has evolved into something more personal, one that we now genuinely consider a friendship.
Bill & Joanne W.
Verified ClientMay 17, 2026
Testimonial(s) solicited by Morgan Stanley and provided by current client(s) at the time of publication. No compensation of any kind was provided in exchange for the client testimonial(s) presented. Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.
5285589 3/2026
Awards and Recognition
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.
Wealth Management
From Our Team
Financial Planning and Investing at Morgan Stanley
Wealth Management
Global Investment Office
Portfolio Insights
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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Ready to start a conversation? Contact Meridian 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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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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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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
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Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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.
4Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley 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.
5Morgan 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
6Alternative 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.
7When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
8Morgan 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.
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.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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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.
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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.
Testimonial(s) solicited by Morgan Stanley and provided by current client(s) at the time of publication. No compensation of any kind was provided in exchange for the client testimonial(s) presented. Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
