Alby S. Toto
Executive Director, Market Executive
Phone:
(802) 863-7750(802) 863-7750
Morgan Stanley
Northern States Market Office
You define success, we help you achieve it
105 West View Rd, 5th
Fl
Colchester, VT 05446
US
Market:
(802) 658-2424(802) 658-2424
Toll-Free:
(800) 446-0193(800) 446-0193
Market Executive
Alby S. TotoPhone:
(802) 863-7750(802) 863-7750
About Morgan Stanley Northern States Market
Our Financial Advisors strive to earn the trust of many individuals, families and institutions while helping them achieve their goals. With a full suite of services, our objective is to deliver the resources that can best accomplish each client’s unique goals.
We look forward to working together.
We look forward to working together.
Services Provided
- Retirement PlanningFootnote1
- Saving for CollegeFootnote2
- Maintaining Cash Flow
- Long-term Care InsuranceFootnote3
- Traditional Investments
- Alternative InvestmentsFootnote4
- Insurance ServicesFootnote5
- Investing with ImpactFootnote6
- Legacy PlanningFootnote7
- Succession PlanningFootnote8
- Family Mission Statements
- Next Generation EducationFootnote9
- Lending SolutionsFootnote10
- Cash Management SolutionsFootnote11
Our Team at Morgan Stanley Northern States Market
Kimberly A. Lefrancois
First Vice President, Senior Risk Officer
Phone:
(802) 652-6036(802) 652-6036
Casey Waltz
First Vice President, Market Business Service Officer
Phone:
(802) 652-6054(802) 652-6054
Annette Medor
Market Administrator
Phone:
(802) 652-6045(802) 652-6045
Frederick Caswell
Executive Director, Branch Manager
Phone:
(207) 771-0805(207) 771-0805
Joe Pugliese, CRPC®
First Vice President, Business Development Manager
Phone:
(802) 652-6059(802) 652-6059
Erin McDonald
Executive Director, Branch Manager
About Alby S. Toto
Alby Toto began his career in 1999 as a Financial Advisor in Boston, MA and now serves as Market Executive for Morgan Stanley's Northern States Market where he leads an experienced and knowledgeable group of financial professionals in Vermont, New Hampshire and Maine.
Alby previously served as Branch Manager of Morgan Stanley's Ponte Vedra Beach and Amelia Island, Florida offices where he was focused on driving revenue and managing risk within those locations.
Prior to that assignment, Mr. Toto served as Associate Complex Manager and Business Development Manager in Morgan Stanley’s Northern States Market where he was responsible for driving revenue and asset growth across Morgan Stanley’s robust platform and for improving the proficiency of our financial advisors.
Previously, Alby was a Portfolio Manager and Financial Advisor with extensive experience assisting corporate executives, entrepreneurs, trusts, families and corporations with customized portfolio construction and methodologies, financial, tax and estate planning strategies.
Alby received his Bachelor of Arts degree from Davidson College. In his spare time, he enjoys golf and skiing.
Alby previously served as Branch Manager of Morgan Stanley's Ponte Vedra Beach and Amelia Island, Florida offices where he was focused on driving revenue and managing risk within those locations.
Prior to that assignment, Mr. Toto served as Associate Complex Manager and Business Development Manager in Morgan Stanley’s Northern States Market where he was responsible for driving revenue and asset growth across Morgan Stanley’s robust platform and for improving the proficiency of our financial advisors.
Previously, Alby was a Portfolio Manager and Financial Advisor with extensive experience assisting corporate executives, entrepreneurs, trusts, families and corporations with customized portfolio construction and methodologies, financial, tax and estate planning strategies.
Alby received his Bachelor of Arts degree from Davidson College. In his spare time, he enjoys golf and skiing.
About Kimberly A. Lefrancois
Kimberly Lefrancois is the Senior Risk Officer for the Morgan Stanley Northern States Market, covering 8 branch office locations across Maine, New Hampshire and Vermont. Kim works closely with the Regional Risk Team, Market Executive, Branch Managers, Risk & Service Management Teams, Financial Advisors, and Support Professionals across the Market.
Kim is responsible for a wide variety of supervisory, compliance, and risk functions related to the Market. In conjunction with the Market Executive and other Risk Officers, Kim has accountability for maintaining a consistent control environment through adherence of business ethics and practices and adherence to all applicable Federal, State and Local laws, Morgan Stanley Wealth Management policies, and other regulations. She is the Senior Specialist within the Market working closely with Advisory Law for escalations involving Senior and Vulnerable clients.
Kim has over 35 years of experience in the Financial Industry, starting her career at Dean Witter Reynolds in the Burlington, VT branch. Within 2 ½ years, Kim was promoted to Operations Manager and eventually became the Branch Administrative Manager, overseeing the Complex which extended to Albany, NY. After 20 years, she joined the Smith Barney team as the Control Administrator, eventually being promoted to the Senior Risk Officer position upon the merger of Smith Barney and Morgan Stanley.
Kim is a native Vermonter, growing up on a dairy farm in Chittenden County. She currently lives in Milton, VT with her 2 year old yellow lab, Summit. In her spare time, you will find Kim either on a bike, a paddle board or on a mountain hiking trail with her dog, family and friends.
Kim is responsible for a wide variety of supervisory, compliance, and risk functions related to the Market. In conjunction with the Market Executive and other Risk Officers, Kim has accountability for maintaining a consistent control environment through adherence of business ethics and practices and adherence to all applicable Federal, State and Local laws, Morgan Stanley Wealth Management policies, and other regulations. She is the Senior Specialist within the Market working closely with Advisory Law for escalations involving Senior and Vulnerable clients.
Kim has over 35 years of experience in the Financial Industry, starting her career at Dean Witter Reynolds in the Burlington, VT branch. Within 2 ½ years, Kim was promoted to Operations Manager and eventually became the Branch Administrative Manager, overseeing the Complex which extended to Albany, NY. After 20 years, she joined the Smith Barney team as the Control Administrator, eventually being promoted to the Senior Risk Officer position upon the merger of Smith Barney and Morgan Stanley.
Kim is a native Vermonter, growing up on a dairy farm in Chittenden County. She currently lives in Milton, VT with her 2 year old yellow lab, Summit. In her spare time, you will find Kim either on a bike, a paddle board or on a mountain hiking trail with her dog, family and friends.
About Casey Waltz
Casey Waltz is the Market Business Service Officer for the Morgan Stanley Northern States Market, overseeing all service and business functions in branches throughout Vermont, New Hampshire, and Maine. Casey began her career with the Burlington, Vermont Smith Barney branch in 1999 and has held a number of positions over her two decade career with the firm. Casey and her experienced team work closely with advisors and support professionals to help deliver client-focused service and solutions.
A lifelong Vermont resident, Casey currently lives in Georgia, VT with her husband and two children Elias and Emerson. In her free time Casey enjoys attending her kids’ hockey games and dance recitals, family adventures with their dog Ginger, and reading as many books as possible.
A lifelong Vermont resident, Casey currently lives in Georgia, VT with her husband and two children Elias and Emerson. In her free time Casey enjoys attending her kids’ hockey games and dance recitals, family adventures with their dog Ginger, and reading as many books as possible.
About Annette Medor
Annette Medor grew up on the outskirts of Killington, VT and graduated from Trinity College of VT with a BA in Education. Annette left the education field and embarked into sales and marketing positions with extensive travel throughout the US for 8 years. To escape the life of planes, trains, and automobiles – in May 2008, joined the downtown Burlington Morgan Stanley branch as the Branch Administrator.
In June 2015, Annette accepted a promotion as the Northern States Market Administrator supporting Alby Toto with the Morgan Stanley branches throughout Maine, NH and VT. She enjoys the fast-paced high-energy environment, finding solutions to issues as they arise, and the comradery of co-workers in both our Burlington branch and throughout the whole Complex. In her downtime, she can be found on a ski slope, walking a trail with her dog, or boating on our beautiful Lake Champlain.
In June 2015, Annette accepted a promotion as the Northern States Market Administrator supporting Alby Toto with the Morgan Stanley branches throughout Maine, NH and VT. She enjoys the fast-paced high-energy environment, finding solutions to issues as they arise, and the comradery of co-workers in both our Burlington branch and throughout the whole Complex. In her downtime, she can be found on a ski slope, walking a trail with her dog, or boating on our beautiful Lake Champlain.
About Frederick Caswell
Fred started in the business in 1981 as a Financial Advisor in the Boston office of EF Hutton. After eighteen years of building a successful Club level practice he was asked to take on the role of Branch Manager for the Morgan Stanley branch in Wellesley, MA. There, he had the responsibility of leading 45 Financial Advisors in Wellesley and Westborough.
In 2006, Fred returned to Boston as part of the Management team of the newly created New England Region consisting of 30 branches and 800 Financial Advisors across four states. After six years with the region and over thirty years in the Boston area Fred and his wife decided to relocate up the coast to Maine taking over as Branch Manager for the Portland, ME branch. Currently Fred oversees a Sub-Complex with branches in Portland and Bangor. He continues, as he has throughout his career, his strong commitment to partnering and advocating for Financial Advisors and their teams in attracting and retaining valued clients.
In 2006, Fred returned to Boston as part of the Management team of the newly created New England Region consisting of 30 branches and 800 Financial Advisors across four states. After six years with the region and over thirty years in the Boston area Fred and his wife decided to relocate up the coast to Maine taking over as Branch Manager for the Portland, ME branch. Currently Fred oversees a Sub-Complex with branches in Portland and Bangor. He continues, as he has throughout his career, his strong commitment to partnering and advocating for Financial Advisors and their teams in attracting and retaining valued clients.
About Joe Pugliese
Joe is the Business Development Manager for the Northern States Market. He joined Morgan Stanley from Merrill Lynch where he held a variety of roles during his 14 year tenure. Initially starting out on the Merrill Lynch Service Network for two years, Joe assisted Financial Advisors and Client Associates with account maintenance and operational items before transitioning to a Registered Client Associate role in the Bridgewater, New Jersey office. There he worked alongside an advisory team servicing 120 clients and was recognized amongst the Top 100 Client Associates for six consecutive years based on exceptional service.
Looking to move forward in his career he entered the Management Training program in 2014 in the Morristown, New Jersey office matriculating through the roles of Staff Supervisor and Associate Client Relationship Manager before passing his assessment and becoming a full-fledged Client Relationship Manager. In 2018, Joe would return to the Bridgewater office and help lead the Complex to a top twenty finish nationally in 2019.
Joe attended Kutztown University in Pennsylvania and holds his Bachelors in Business Administration. Joe prefers to spend his free time enjoying the great outdoors, namely fishing, hiking and golfing; however during the winter months you can find him tending to his small maple syrup/sugaring operation in Monkton, Vermont. Aside from his time away at college, Joe has been a lifelong New Jerseyan who along with his wife, Christina now calls Vermont their home.
Looking to move forward in his career he entered the Management Training program in 2014 in the Morristown, New Jersey office matriculating through the roles of Staff Supervisor and Associate Client Relationship Manager before passing his assessment and becoming a full-fledged Client Relationship Manager. In 2018, Joe would return to the Bridgewater office and help lead the Complex to a top twenty finish nationally in 2019.
Joe attended Kutztown University in Pennsylvania and holds his Bachelors in Business Administration. Joe prefers to spend his free time enjoying the great outdoors, namely fishing, hiking and golfing; however during the winter months you can find him tending to his small maple syrup/sugaring operation in Monkton, Vermont. Aside from his time away at college, Joe has been a lifelong New Jerseyan who along with his wife, Christina now calls Vermont their home.
About Erin McDonald
Bringing nearly 20 years of experience in financial services, Erin McDonald joins Morgan Stanley as an Executive Director and Branch Manager in Portsmouth, NH with additional responsibilities for our Manchester and Gilford, NH branches. She is passionate about building lasting relationships and ensuring that people remain at the heart of every decision. With a deep commitment to coaching and business development, Erin thrives on helping Financial Advisors and their teams connect clients with the solutions and resources they need to achieve their goals and build lasting legacies.
A champion of innovation and growth, Erin is proud to lead high-performing advisors and teams to deliver exceptional client outcomes. Her leadership philosophy is rooted in servant and empathetic leadership, believing in empowerment, collaboration, and mentorship to assist individuals and teams reach their highest potential. She is a dedicated advocate for rising talent, continuously working to create opportunities for her business partners to thrive.
Prior to joining Morgan Stanley, Erin spent the last decade at UBS, where she most recently served as Complex Director for the Fairfield County Complex in Connecticut. Outside of work, Erin enjoys an active lifestyle, including running, skiing, squash, and sailing in Maine with her husband, Charlie, and their daughter, Olive.
A champion of innovation and growth, Erin is proud to lead high-performing advisors and teams to deliver exceptional client outcomes. Her leadership philosophy is rooted in servant and empathetic leadership, believing in empowerment, collaboration, and mentorship to assist individuals and teams reach their highest potential. She is a dedicated advocate for rising talent, continuously working to create opportunities for her business partners to thrive.
Prior to joining Morgan Stanley, Erin spent the last decade at UBS, where she most recently served as Complex Director for the Fairfield County Complex in Connecticut. Outside of work, Erin enjoys an active lifestyle, including running, skiing, squash, and sailing in Maine with her husband, Charlie, and their daughter, Olive.
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Branch Address
1155 Elm Street 6th
Fl
Manchester, NH 03101
US
Branch:
(603) 629-0200(603) 629-0200
Toll-Free:
(800) 726-6141(800) 726-6141
Details
1155 Elm Street 6th Floor Manchester, NH 03101
Branch Address
23 Water Street
Bangor, ME 04401
US
Branch:
(207) 561-2000(207) 561-2000
Toll-Free:
(866) 247-3640(866) 247-3640
Fax:
(207) 561-2025(207) 561-2025
Branch Address
100 Middle St 3rd
Fl
Portland, ME 04101
US
Branch:
(207) 771-0800(207) 771-0800
Toll-Free:
(800) 442-6722(800) 442-6722
Fax:
(207) 771-0870(207) 771-0870
Details
Made in Maine
In August 1935, a train raced north through the hot New England night, bound for Maine. Onboard were four distinguished partners of the Morgan Bank: George P. Whitney, Russell Leffingwell, S. Parker Gilbert, Sr. and Harold Stanley. With them was their lawyer, Lansing Reed. Each carried a memorandum titled “Proposed Organization XYZ Corporation.”
A car met their train in Rockland and drove them to a dock on Penobscot Bay, where they boarded a handsome 75-foot launch of senior Morgan partner Thomas Lamont. It ferried them to his house on North Haven Island, where they were to hold a secret summit.
At Sky Farm, a large yellow clapboard house overlooking the bay, the men sat in heavy Adirondack chairs on the 100-foot-long porch – not to admire the view, but to talk intensely. To pursue the securities business, some would have to leave J.P. Morgan & Co. (capital $340 million) to start an investment bank capitalized at just $7.5 million. There were a host of details to work out.
Who would lead this new entity? Late in the afternoon, one of the Morgan partners remarked, “Harold has been sitting quietly over there at the side of the room. He is my candidate for president.”
Harold Stanley, fifty years old, with his prematurely gray hair and steady eyes, was a figure of great stature on Wall Street. Even in college he’d been a high achiever, popular in his class at Yale and a star athlete. An expert in utility finance, he had built and led the securities business at Guaranty Trust Company before being invited to join the Morgan partnership as head of investment banking. He was known for his statesmanlike character. Judge Harold Medina would later pay tribute to “the absolute integrity of Harold Stanley.”
Not present but equally on the group’s mind was Henry Morgan, thirty-five, grandson to the legendary J. Pierpont Morgan and the son of J.P. Morgan Jr., known as Jack. It was Jack Morgan who had appeared before the Pecora hearings of the U.S. Senate Banking Committee on May 23, 1933, and famously stated his firms’ guiding principle: to think always of doing “only first-class business, in a first-class way.”
Henry Morgan brought the powerful Morgan name and heritage to the new firm. He brought even more: Henry was not only keeper of traditions but also the source of important business contacts throughout the United States and Europe. He was able to act, in his words “as moderator and a team captain” among a group of strong, talented partners.
When the Porch Meeting ended, Lamont’s boat returned the guests to the mainland, their decision made. The XYZ Corporation would be Morgan Stanley and Co. Incorporated with Harold Stanley as president and Henry Morgan treasurer and secretary. On the boat trip back, Lansing Reed praised Harold Stanley for his unselfish decision – giving up his partnership in the world’s greatest private banking firm to lead this new venture in the face of severe uncertainties.
https://advisor.morganstanley.com/portland-branch
In August 1935, a train raced north through the hot New England night, bound for Maine. Onboard were four distinguished partners of the Morgan Bank: George P. Whitney, Russell Leffingwell, S. Parker Gilbert, Sr. and Harold Stanley. With them was their lawyer, Lansing Reed. Each carried a memorandum titled “Proposed Organization XYZ Corporation.”
A car met their train in Rockland and drove them to a dock on Penobscot Bay, where they boarded a handsome 75-foot launch of senior Morgan partner Thomas Lamont. It ferried them to his house on North Haven Island, where they were to hold a secret summit.
At Sky Farm, a large yellow clapboard house overlooking the bay, the men sat in heavy Adirondack chairs on the 100-foot-long porch – not to admire the view, but to talk intensely. To pursue the securities business, some would have to leave J.P. Morgan & Co. (capital $340 million) to start an investment bank capitalized at just $7.5 million. There were a host of details to work out.
Who would lead this new entity? Late in the afternoon, one of the Morgan partners remarked, “Harold has been sitting quietly over there at the side of the room. He is my candidate for president.”
Harold Stanley, fifty years old, with his prematurely gray hair and steady eyes, was a figure of great stature on Wall Street. Even in college he’d been a high achiever, popular in his class at Yale and a star athlete. An expert in utility finance, he had built and led the securities business at Guaranty Trust Company before being invited to join the Morgan partnership as head of investment banking. He was known for his statesmanlike character. Judge Harold Medina would later pay tribute to “the absolute integrity of Harold Stanley.”
Not present but equally on the group’s mind was Henry Morgan, thirty-five, grandson to the legendary J. Pierpont Morgan and the son of J.P. Morgan Jr., known as Jack. It was Jack Morgan who had appeared before the Pecora hearings of the U.S. Senate Banking Committee on May 23, 1933, and famously stated his firms’ guiding principle: to think always of doing “only first-class business, in a first-class way.”
Henry Morgan brought the powerful Morgan name and heritage to the new firm. He brought even more: Henry was not only keeper of traditions but also the source of important business contacts throughout the United States and Europe. He was able to act, in his words “as moderator and a team captain” among a group of strong, talented partners.
When the Porch Meeting ended, Lamont’s boat returned the guests to the mainland, their decision made. The XYZ Corporation would be Morgan Stanley and Co. Incorporated with Harold Stanley as president and Henry Morgan treasurer and secretary. On the boat trip back, Lansing Reed praised Harold Stanley for his unselfish decision – giving up his partnership in the world’s greatest private banking firm to lead this new venture in the face of severe uncertainties.
https://advisor.morganstanley.com/portland-branch
Branch Address
90 Merchants Row
Rutland, VT 05702
US
Branch:
(802) 775-4371(802) 775-4371
Toll-Free:
(800) 628-2132(800) 628-2132
Branch Address
1 Harbour Place
Ste 125
Portsmouth, NH 03801
US
Branch:
(603) 422-8900(603) 422-8900
Toll-Free:
(800) 735-5811(800) 735-5811
Branch Address
7 Allen St 2nd
Fl
Hanover, NH 03755
US
Branch:
(603) 442-7900(603) 442-7900
Toll-Free:
(800) 829-5232(800) 829-5232
Northern States Branch
Find a Financial AdvisorBranch Address
105 West View Rd, 5th
Fl
Colchester, VT 05446
US
Branch:
(802) 658-2424(802) 658-2424
Toll-Free:
(800) 446-0193(800) 446-0193
1When 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.
2Tax laws are complex and are subject to change. 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. 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.
3Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
4Alternative 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.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6The returns on a portfolio consisting primarily of sustainable investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
7Morgan 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.
8Morgan 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.
9Tax laws are complex and are subject to change. 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. 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.
10Morgan 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
11Morgan 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
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
The investments and products listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments or products, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. The appropriateness of a particular investment or product will depend upon an investor's individual circumstances and objectives.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
© 2022 Morgan Stanley Smith Barney LLC. Member SIPC.
Awards Disclosures
2Tax laws are complex and are subject to change. 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. 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.
3Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
4Alternative 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.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6The returns on a portfolio consisting primarily of sustainable investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
7Morgan 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.
8Morgan 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.
9Tax laws are complex and are subject to change. 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. 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.
10Morgan 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
11Morgan 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
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
The investments and products listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments or products, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. The appropriateness of a particular investment or product will depend upon an investor's individual circumstances and objectives.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
© 2022 Morgan Stanley Smith Barney LLC. Member SIPC.
Awards Disclosures
CRC 6491812 04/2024