Morgan Becker, CIMA®, CPWA®
Managing Director, Wealth Management,
Financial Advisor,
Family Wealth Director,
Certified Investment Management Analyst,
Certified Private Wealth Advisor®,
Executive Financial Services Director,
Workplace Advisor – Equity Compensation,
Alternative Investments Director,
Senior Portfolio Management Director,
Founders Specialist
Direct:
(925) 746-2929(925) 746-2929
Toll-Free:
(877) 691-2929(877) 691-2929
My Mission Statement
We help families, corporate executives, and founders make informed financial decisions through thoughtful wealth planning, disciplined portfolio management, and trusted relationships built on integrity and personalized service.
About Us
As a founder of Bay Area Wealth Management Group at Morgan Stanley, Morgan works with high-net-worth individuals, multigenerational families, corporate executives, founders, and business owners who are navigating increasingly complex financial decisions.
Significant wealth is about far more than markets and models. It is about your life, your family, your business, and the future you are building. Morgan works with clients to bring greater structure to the moving parts of their financial lives — supporting thoughtful decisions around the wealth they have built, the opportunities ahead, and the long-term goals that matter most.
For many clients, the challenge is not simply managing a portfolio. It is understanding how each decision connects to the next. How should concentrated stock or equity compensation fit within a broader plan? What planning should happen before a business sale, IPO, or major liquidity event? How do you support your family today while preparing thoughtfully for the future? Morgan works with clients to evaluate these decisions with clarity, discipline, and perspective.
Drawing on more than 30 years of industry experience, Morgan advises clients on comprehensive wealth planning, portfolio management, executive compensation strategy, liquidity and lending solutions, pre- and post-liquidity planning, and multigenerational planning. He also works closely with clients' CPAs, attorneys, trustees, and other outside professionals, helping keep investment strategy, planning, and implementation aligned.
Morgan is a Family Wealth Director at Morgan Stanley — a designation held by fewer than 2% of advisors firmwide — reflecting advanced training and a deep focus on the complex needs of affluent families. He is also an Executive Financial Services Director and a designated Founders Specialist, helping corporate executives, founders, and business owners address planning considerations around equity compensation, concentrated stock, liquidity events, and long-term wealth strategy.
As life changes, your strategy should adapt with it. Morgan's role is to offer thoughtful guidance, preparation, and perspective for the decisions ahead — supported by a team that understands their priorities and stays engaged as their lives, families, businesses, and legacies evolve.
Tailored advice. Careful oversight. Disciplined follow-through.
Securities Agent: HI, CA, VA, OR, IL, GA, FL, AZ, AR, PA, NJ, ME, MD, IN, DE, OH, NC, MI, KY, ID, CT, CO, NV, WI, WA, RI, NY, AL, TX, NM, AK, WY, TN, SC; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1297669
CA Insurance License #: 0D63600
Services Include
- Wealth ManagementFootnote1
- Wealth PlanningFootnote2
- Financial PlanningFootnote3
- Professional Portfolio ManagementFootnote4
- Executive Financial ServicesFootnote5
- Stock Option PlansFootnote6
- Business PlanningFootnote7
- Business Succession PlanningFootnote8
- Cash Management and Lending ProductsFootnote9
- Estate Planning StrategiesFootnote10
- Trust ServicesFootnote11
- Alternative InvestmentsFootnote12
Securities Agent: HI, CA, VA, OR, IL, GA, FL, AZ, AR, PA, NJ, ME, MD, IN, DE, OH, NC, MI, KY, ID, CT, CO, NV, WI, WA, RI, NY, AL, TX, NM, AK, WY, TN, SC; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1297669
CA Insurance License #: 0D63600
NMLS#: 1297669
CA Insurance License #: 0D63600
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Education
- Santa Clara University, B.S. in Economics - 1996
- Certified Private Wealth Advisor (CPWA), Yale School of Management - 2023
- Certified Investment Management AnalystSM (CIMA.), Wharton Executive Education - 2004
- Certified Investment Strategist (CWS.), Wharton Executive Education - 2005
- Family Wealth Director - 2015
- FINRA Principal Securities License: Series 7
- FINRA Principal/ Supervisory Licenses: Series 9/10
- FINRA State Securities Law Licenses: Series 63, 65
- California State Insurance License #0D63600
- National Mortgage License (NMLS) #1297669
Recognition
Morgan Becker named Forbes Magazine’s Best-In-State Wealth Advisors: 2021-2026
"The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those Advisors that are considered have a minimum of seven years experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients, records, industry experience and best practices learned through telephone and in-person interviews."
"Here's what our research has found: the very best advisors are laser focused on having a positive impact on their clients' lives," says R.J. Shook, president and founder, SHOOK Research. "They want to add meaning, help them live better lives."
2021-2026 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2021-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Disclosures"Here's what our research has found: the very best advisors are laser focused on having a positive impact on their clients' lives," says R.J. Shook, president and founder, SHOOK Research. "They want to add meaning, help them live better lives."
2021-2026 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2021-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes Best-In-State Wealth Management Teams- 2023, 2024, 2025, 2026
"The Forbes ranking of America’s Top Wealth Management Teams, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data. This qualitative criteria focus on studying each team’s best practices—service models, investing process, team construct, skill sets, etc. The algorithm also weighs factors like revenue trends, assets under management, compliance records. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings."
2023,2024,2025, 2026 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (2023, 2024, 2025, 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.
Disclosures2023,2024,2025, 2026 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (2023, 2024, 2025, 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.
Morgan Becker named Five Star Wealth Management Award 2012-2025
This award was issued in 2012 through 2025, and is based on an evaluation process as described below. This evaluation was based on the time periods indicated below and was conducted by Five Star Professional (FSP) that considered, among other factors, the following:
• Favorable regulatory and complaint history review. As defined by FSP, the wealth manager has not: 1.) Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; 2.) Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed, or denied complaints with any regulatory authority or FSP’s consumer complaint process.
• Personal bankruptcy filing within the past 11 years.
• Termination from a financial services firm within the past 11 years.
• Conviction of a felony.
• One-year client retention rate.
• Five-year client retention rate.
Five Star Professional, as a third-party research firm, identified pre-qualified award candidates based on industry data and contacted all identified broker dealers, Registered Investment Advisor firms and FINRA-registered representatives to gather wealth manager nominations. Self-nominations are not accepted. Wealth managers and/or their firms do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers.
For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com.
©2022 Morgan Stanley Smith Barney LLC. Member SIPC."
Disclosures• Favorable regulatory and complaint history review. As defined by FSP, the wealth manager has not: 1.) Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; 2.) Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed, or denied complaints with any regulatory authority or FSP’s consumer complaint process.
• Personal bankruptcy filing within the past 11 years.
• Termination from a financial services firm within the past 11 years.
• Conviction of a felony.
• One-year client retention rate.
• Five-year client retention rate.
Five Star Professional, as a third-party research firm, identified pre-qualified award candidates based on industry data and contacted all identified broker dealers, Registered Investment Advisor firms and FINRA-registered representatives to gather wealth manager nominations. Self-nominations are not accepted. Wealth managers and/or their firms do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers.
For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com.
©2022 Morgan Stanley Smith Barney LLC. Member SIPC."
Morgan Becker named Top 100 Branch Managers, On Wall Street Magazine- 2009
On Wall Street's Top 100 Branch Manager Honorees, as identified by On Wall Street, uses criteria, such as achievements during the year; ability to identify, recruit, develop, retain and reward talented Financial Advisors and dedication to the goal of providing superior client service. The Honorees are selected from the pool of nominees by judges chosen by On Wall Street. The rating may not be representative of any one client's experience and is not indicative of the Branch Manager's future performance. Neither Morgan Stanley Smith Barney LLC nor its Branch Managers pay a fee to On Wall Street in exchange for the rating.
Disclosures
Morgan Becker named to Morgan Stanley Manager's Leadership Award- 2007 & 2008
DisclosuresWhen Your Employees Thrive, Your Company Thrives Too
There’s no better investment your company can make than in your employees. When they work at their best, so does your business. We work to deliver financial solutions that can help employees build financial confidence and help you attract and retain top talent.
Financial Wellness
Our workplace solutions give employees the confidence to take charge of their finances – and their future. By improving your employees’ financial wellness, you can benefit from a more productive workforce.
Learn More
Retirement Solutions
We provide plan sponsors with a comprehensive suite of solutions and investment experience that helps your employees maximize their potential to reach their long-term goals. We serve a full spectrum of plan types including 401(k) and 403(b) plans, pension plans, and non-qualified deferred compensation plans.
Learn More
Equity Solutions
We design equity compensation solutions that can grow alongside your business and people at any stage. With tailored solutions, modern technology, hands-on guidance and dedicated service, we help you effectively administer equity while managing risk and compliance on a global scale.
Learn More
Executive Services
Make it easier on your leaders to understand their equity compensation, so they can focus on what matters: moving your company forward. Our Executive Services team will help your key employees understand how to stay compliant, while providing access to solutions that can support a diverse range of financial and lifestyle goals.
Learn More
Deferred Compensation
Through a Nonqualified Deferred Compensation (NQDC) plan, your executives can save for the future while having the ability to take advantage of Morgan Stanley Wealth Management services.
Learn More
Secure 2.0 Act
Congress recently passed the Secure 2.0 Act, which is intended to make it easier for businesses to offer retirement plans to their employees. There are over 90 retirement-related provisions in the law, including a 100% start-up credit for small employers implementing a 401(k) plan for the first three years. You could be eligible for tax credits up to $5,000 based on the act. Please get in touch if you'd like to discuss this further.
Read Fact Sheet
The Washington Update
The Washington Update is a newsletter that provides a summary of recent legislative and regulatory updates affecting retirement savings, and helps plan sponsors navigate through the intricacies of the policymaking process.
Read the UpdateClient Resources
At Morgan Stanley, we provide clients with easily digestible financial analysis from our market research experts. The links below provide further insight on the markets and economic landscape as well as our comprehensive suite of digital tools are designed to help enhance every aspect of your financial life.
A Guide to QSBS: How Qualified Small Business Stock Can Create Tax Savings
In this primer, we outline the planning necessary to allow QSBS (Qualified Small Business Stock) investors to maximize their after-tax returns. We begin by reviewing QSBS basis and the required qualifications, considerations for QSBS “stacking” and other potentially tax-saving strategies. Click below to learn more.
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Private Markets
Many of today’s companies stay private longer, with more of their valuation being created before they become publicly traded. Morgan Stanley Private Markets connects a broad network of potential private investors in an accessible ecosystem, allowing eligible clients to buy and sell securities of private companies.
Morgan Stanley Private Markets
Financial Planning
Morgan Stanley Financial Planning can show you a single, comprehensive snapshot of your finances. We can help you create a wealth plan that’s adaptable to the different stages of your life using our cutting edge tools- Goals Planning System (GPS) and LifeView.
Morgan Stanley Goals-Based Wealth Management
Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
Register for Morgan Stanley Online Today
Tax Management
The tax decisions you make today can help you save for years to come. Consider these smart tax strategies for your financial plan. Read more from Morgan Stanley's Tax Management site below.
Click to AccessClient Service Team
Nina Chung - Vice President, Group Director
Phone:
(925) 746-2953(925) 746-2953
Email:Nina.Chung@morganstanley.com
With over 25 years of experience in the financial services industry, Nina plays a central role in ensuring the strength and efficiency of the Bay Area Wealth Management team at Morgan Stanley. As Vice President and Group Director, Nina is responsible for the day-to-day operations and strategic coordination that allow the team to deliver exceptional service to every client.
Partnering closely with both financial advisors and clients to oversee onboarding, service workflows, compliance, and communication, Nina ensures that nothing falls through the cracks. Her deep industry knowledge, steady leadership, and attention to detail help maintain the team’s high-touch service model and reinforce client trust at every step of the relationship. She is often the first point of contact for clients with time-sensitive needs and plays a key role in making sure each client’s experience is smooth, responsive, and personalized.
Nina holds a B.A. in Economics from the University of California, Santa Cruz. She lives in the Bay Area with her husband and enjoys visiting the wine country spending time with her nieces and nephews, cheering for the Golden State Warriors, staying active with CrossFit, and relaxing with her beloved kitties. Nina is an active supporter of 13th Street Cat Rescue in San Jose and Community Concern for Cats in Walnut Creek.
If you have any questions or need assistance, you can reach Nina directly at:
Nina.Chung@morganstanley.com
(925) 746-2953
Partnering closely with both financial advisors and clients to oversee onboarding, service workflows, compliance, and communication, Nina ensures that nothing falls through the cracks. Her deep industry knowledge, steady leadership, and attention to detail help maintain the team’s high-touch service model and reinforce client trust at every step of the relationship. She is often the first point of contact for clients with time-sensitive needs and plays a key role in making sure each client’s experience is smooth, responsive, and personalized.
Nina holds a B.A. in Economics from the University of California, Santa Cruz. She lives in the Bay Area with her husband and enjoys visiting the wine country spending time with her nieces and nephews, cheering for the Golden State Warriors, staying active with CrossFit, and relaxing with her beloved kitties. Nina is an active supporter of 13th Street Cat Rescue in San Jose and Community Concern for Cats in Walnut Creek.
If you have any questions or need assistance, you can reach Nina directly at:
Nina.Chung@morganstanley.com
(925) 746-2953
Ashley DeBenedetti - Wealth Management Associate
Phone:
(925) 746-2910(925) 746-2910
Email:Ashley.DeBenedetti@morganstanley.com
Ashley brings more than 15 years of experience in financial services to her role as Wealth Management Associate at Bay Area Wealth Management at Morgan Stanley. A graduate of California State University, Chico, with a B.A. in Marketing, Ashley is known for her poise, discretion, and deep commitment to client care.
As a senior member of the team, Ashley is a trusted resource for both clients and advisors. She plays a critical role in delivering the team’s high-touch service model—ensuring that clients receive timely, personalized, and thoughtful support. Her ability to anticipate needs, solve problems, and build lasting relationships makes her an integral part of the client experience.
A Bay Area native, Ashley enjoys spending time with her husband and two daughters in Lake Tahoe. Most weekends, you’ll find her cheering on her daughters at their sporting events.
If you have any questions or need assistance, you can reach Ashley directly at Ashley.DeBenedetti@morganstanley.com
As a senior member of the team, Ashley is a trusted resource for both clients and advisors. She plays a critical role in delivering the team’s high-touch service model—ensuring that clients receive timely, personalized, and thoughtful support. Her ability to anticipate needs, solve problems, and build lasting relationships makes her an integral part of the client experience.
A Bay Area native, Ashley enjoys spending time with her husband and two daughters in Lake Tahoe. Most weekends, you’ll find her cheering on her daughters at their sporting events.
If you have any questions or need assistance, you can reach Ashley directly at Ashley.DeBenedetti@morganstanley.com
Luke McKernan - Registered Client Service Associate
Phone:
(925) 746-2978(925) 746-2978
Email:Luke.McKernan@morganstanley.com
Born and raised in the San Francisco Bay Area, Luke brings a strong foundation in financial management and a deep client service commitment to Morgan Stanley’s Bay Area Wealth Management team. He earned his B.S. in Business Administration with a concentration in Financial Management from California Polytechnic State University in San Luis Obispo, where he also played rugby for four years.
As a Registered Client Service Associate, Luke resolves client inquiries, manages daily operations, and takes great pride in delivering a seamless and personalized experience for clients. The most rewarding aspect of his role is building meaningful, trustworthy, relationships with clients, helping them feel confident and supported in their financial journey. He is dedicated to expanding his breadth of industry knowledge to better serve clients. Luke holds FINRA Series 7 and 66 licenses.
Outside of work, Luke enjoys golfing, hiking, traveling, and spending time with family and friends. A lifelong Bay Area sports fan, he proudly roots for his hometown teams.
If you have any questions or immediate concerns, please contact Luke directly at: Luke.Mckernan@morganstanley.com
(925) 746-2978
As a Registered Client Service Associate, Luke resolves client inquiries, manages daily operations, and takes great pride in delivering a seamless and personalized experience for clients. The most rewarding aspect of his role is building meaningful, trustworthy, relationships with clients, helping them feel confident and supported in their financial journey. He is dedicated to expanding his breadth of industry knowledge to better serve clients. Luke holds FINRA Series 7 and 66 licenses.
Outside of work, Luke enjoys golfing, hiking, traveling, and spending time with family and friends. A lifelong Bay Area sports fan, he proudly roots for his hometown teams.
If you have any questions or immediate concerns, please contact Luke directly at: Luke.Mckernan@morganstanley.com
(925) 746-2978
Ledia Gesses - Client Service Associate
Phone:
(925) 746-2946(925) 746-2946
Email:Ledia.Gesses@morganstanley.com
Ledia Gesses is a Client Service Associate with the Bay Area Wealth Management Group at Morgan Stanley. She joined the group in April 2026, and brings a strong foundation in economics and finance, along with a thoughtful, client-first mindset and a commitment to delivering an organized, responsive, and seamless service experience.
She earned her B.A. in Economics from Claremont McKenna College, graduating with honors including QuestBridge and McKenna Scholar. She complements her academic training with experience conducting competitive market analysis, developing clear, executive-ready communications, and strengthening internal workflows and reporting processes.
Outside of work, Ledia enjoys soccer, pickleball, and reformer Pilates. A Bay Area native, she enjoys exploring local restaurants with friends. She serves as a youth leader at her local church, where she mentors high school and college students and supports them through the college application process.
If you have any questions or immediate concerns, please contact Ledia directly at
Ledia.Gesses@morganstanley.com
(925) 746-2946
She earned her B.A. in Economics from Claremont McKenna College, graduating with honors including QuestBridge and McKenna Scholar. She complements her academic training with experience conducting competitive market analysis, developing clear, executive-ready communications, and strengthening internal workflows and reporting processes.
Outside of work, Ledia enjoys soccer, pickleball, and reformer Pilates. A Bay Area native, she enjoys exploring local restaurants with friends. She serves as a youth leader at her local church, where she mentors high school and college students and supports them through the college application process.
If you have any questions or immediate concerns, please contact Ledia directly at
Ledia.Gesses@morganstanley.com
(925) 746-2946
Location
1333 N California Blvd
Suite 133
Walnut Creek, CA 94596
US
Direct:
(925) 746-2929(925) 746-2929
Toll-Free:
(877) 691-2929(877) 691-2929
Fax:
(925) 933-7715(925) 933-7715
Wealth Management
Global Investment Office
Portfolio Insights
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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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
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact Morgan Becker 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 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.
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.
3Morgan 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.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC (“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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
9Morgan 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
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.
11Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
12Alternative 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
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.
3Morgan 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.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC (“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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
9Morgan 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
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.
11Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
12Alternative 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.
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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.
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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.
Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
