Daniel Ehrlich
Managing Director, Alternative Investments Director, Financial Advisor
Morgan Stanley Private Wealth Management
Pacifico Group
Direct:
(212) 893-6300(212) 893-6300
Our Mission Statement
We are a tightly knit team of portfolio managers, wealth planners and client service professionals that focus on the needs of single family offices and affluent individuals, globally.
Our Story and Services
We are a team of experienced professionals who combine our talents to serve a global clientele of high-achieving entrepreneurs and business leaders, as well as their families, companies and family offices. Whether they are in the process of building venture-backed enterprises or acting as stewards of generational wealth, our clients tend to have complex financial lives. Their personal finances are closely intertwined with those of the companies they lead, and the opportunities they pursue are often global in scope.
Like the clients we serve, our partners have personal and professional lives that span the Americas. We hail from the United States, Mexico, Uruguay, Argentina, Chile and serve clients around the world. We bring a diverse range of experience in institutional trading, offshore investing, wealth planning and family office services. We are not only well-versed in the broader wealth planning needs of both U.S.-based and international investors, but we also speak the language, share the culture and understand the market and regulatory climate of every country where our clients work and live. By combining our local knowledge and extensive investment experience with guided access to the vast global resources of Morgan Stanley, we create highly customized solutions that help all of our clients address the complex challenges of managing significant wealth across borders and across generations.
As your Advisors, we will work to help you chart an optimal path to the goals you have set for yourself, your family and your business, and deliver the advice, solutions and resources needed along the way.
Like the clients we serve, our partners have personal and professional lives that span the Americas. We hail from the United States, Mexico, Uruguay, Argentina, Chile and serve clients around the world. We bring a diverse range of experience in institutional trading, offshore investing, wealth planning and family office services. We are not only well-versed in the broader wealth planning needs of both U.S.-based and international investors, but we also speak the language, share the culture and understand the market and regulatory climate of every country where our clients work and live. By combining our local knowledge and extensive investment experience with guided access to the vast global resources of Morgan Stanley, we create highly customized solutions that help all of our clients address the complex challenges of managing significant wealth across borders and across generations.
As your Advisors, we will work to help you chart an optimal path to the goals you have set for yourself, your family and your business, and deliver the advice, solutions and resources needed along the way.
Capabilities
- Alternative InvestmentsFootnote1
- Asset Management
- Cash Management and Lending ProductsFootnote2
- Corporate BondsFootnote3
- Corporate Investment SolutionsFootnote4
- Estate Planning StrategiesFootnote5
- Financial PlanningFootnote6
- Fixed IncomeFootnote7
- Professional Portfolio ManagementFootnote8
- Structured ProductsFootnote9
- SyndicateFootnote10
- Wealth PlanningFootnote11
- Wealth ManagementFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 300 teams specialized in assisting individuals and families with $20MM+ in investable assets
- Over $1.2 trillion in AUM
- Comprising 26% of the Barron’s Top 100 Financial Advisors list for 2025
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, September 2025
Source: Barron's (Awarded March 2025) This ranking was determined based on an evaluation process conducted by Barron's for the period Oct 2023-Sept 2024. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on an algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the assessment of Barron's and may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Approach
Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
International Wealth Management
Part of a global financial legacy that dates back over 150 years, Morgan Stanley is one of the few truly global institutions with the scale, scope and commitment to serve the international investor. We serve among the world’s most capitalized institutions and stand as one of the largest wealth management firms in the world.
Morgan Stanley International Wealth Management (IWM) harnesses the extensive capabilities of the firm to serve investors located outside the United States. Functioning as a specialized group within Morgan Stanley, IWM is staffed by specially trained International Client Advisors and managers who understand your wealth management needs. Our International Client Advisors are familiar with the investment challenges and opportunities that are unique to your part of the world and can recommend highly customized strategies to help you address your specific goals.
Morgan Stanley International Wealth Management (IWM) harnesses the extensive capabilities of the firm to serve investors located outside the United States. Functioning as a specialized group within Morgan Stanley, IWM is staffed by specially trained International Client Advisors and managers who understand your wealth management needs. Our International Client Advisors are familiar with the investment challenges and opportunities that are unique to your part of the world and can recommend highly customized strategies to help you address your specific goals.
Location
399 Park Ave 12th
Fl
New York, NY 10022
US
Direct:
(212) 893-6300(212) 893-6300
Meet Pacifico Group
Kerry Karangelen
Managing Director, Private Wealth Advisor, International Client Advisor
Engels Mendez
First Vice President, Private Wealth Advisor, International Client Advisor
James Wiley-Frohmader
Vice President, Senior Registered Client Service Associate
Domingo Pucci Diaz
Business Development Associate
Nico Falkinhoff Gips
Investment Associate
Steven Guzman
Chief of Staff
Nancy Reyes Soto
Client Service Associate
Mario Rojas
Senior Client Service Associate
Angelica Santos Moya
Client Service Associate
Lucas Bueno
Registered Client Service Associate
Peter O'Rourke
Wealth Management Analyst
About Daniel Ehrlich
Daniel Ehrlich has over 19 years of experience in Wealth Management, where he has focused on helping ultra-high net worth individuals and companies create customized investment strategies. Daniel is a member of Morgan Stanley's prestigious Chairman's Club, a group composed of the firm's top financial advisors. Born and raised in Uruguay, Daniel earned his BBA from the Udelar School of Business and holds an MBA from NYU.
Securities Agent: NY, NJ, LA, GA, CT, TX, UT, IL, PR, OH, NM, KY, CA, VA, MT, ME, MA, FL, WA, WY, SD, DE, AZ, NC, MN, CO, IN, VT, NV, PA, MD, DC, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 1612986
NMLS#: 1612986
About Kerry Karangelen
Kerry Karangelen has over 17 years of experience at Morgan Stanley. Prior to joining Pacifico, she was a founding partner of Morgan Stanley Family Office, building the business from inception to an industry-leading investment and operational support solution for Single Family Offices globally. Previously, Kerry served as the Chief Operating Officer of Family Office Resources, a dedicated team of Trust & Estate Planning specialists, Philanthropy Management professionals, Family Governance, Lifestyle Advisory and Single-Family Office consulting services. Earlier in her career, Kerry worked in strategy and execution roles across Capital Markets, mainly in Derivative product areas.
Kerry served on the Board of Directors of ProjectExplorer, a non-profit education technology focused on increasing science, math, literacy and global cultural awareness. She earned a Masters of Science in Economics and Bachelor of Science in Industrial and Labor Relations, both from Cornell University, graduating as a Merrill Presidential Scholar. She is an avid equestrian – actively competing in FEI dressage at an international level. She is a mother of two boys and one girl, and resides in Bedford, New York.
Kerry served on the Board of Directors of ProjectExplorer, a non-profit education technology focused on increasing science, math, literacy and global cultural awareness. She earned a Masters of Science in Economics and Bachelor of Science in Industrial and Labor Relations, both from Cornell University, graduating as a Merrill Presidential Scholar. She is an avid equestrian – actively competing in FEI dressage at an international level. She is a mother of two boys and one girl, and resides in Bedford, New York.
Securities Agent: GA, TX, UT, NY, TN, NM, MT, DE, MA, LA, IL, AZ, AL, VA, NC, MN, MD, ME, CA, PR, CO, VT, AR, IN, PA, NV, DC, WY, SD, KY, CT, AK, WA, OH, NJ, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 2639383
NMLS#: 2639383
About Engels Mendez
Engels Mendez is a First Vice President at Morgan Stanley based in New York with more than 22 years in financial services. Prior to joining Morgan Stanley, Engels was a Vice President at JP Morgan Private Bank, were he covered Ultra High Net Worth families in South America. In this role, he acted as the primary point of contact for private client relationships, coordinating and providing access to a team of investment, credit and planning specialists.
Engels holds a Bachelors of Business Administration from Baruch College, where he graduated Cum Laude with a major in Finance and Investments in 2006. In his free time, Engels enjoys spending time with friends & family and travelling around the world.
Engels holds a Bachelors of Business Administration from Baruch College, where he graduated Cum Laude with a major in Finance and Investments in 2006. In his free time, Engels enjoys spending time with friends & family and travelling around the world.
Securities Agent: NJ, MI, DE, MN, KY, IL, GA, CT, RI, OH, WA, NY, NM, MO, NV, SD, PR, MT, MD, HI, CO, CA, UT, TX, TN, PA, OR, IN, ND, LA, FL, DC, AZ, WY, NC, MA, VA; General Securities Representative; Investment Advisor Representative
NMLS#: 1033426
NMLS#: 1033426
About Silvio Kauffmann
Silvio is a Vice President and Financial Advisor at Morgan Stanley with more than 13 years of experience in the financial services industry. In his role, Silvio works with high-net-worth global families and their advisors to achieve their investment and asset allocation goals. Throughout his career, Silvio has helped successful business owners and executives navigate major financial milestones such as retirement, selling a business, and managing concentrated equity positions. Prior to joining Morgan Stanley, Silvio spent over a decade at HSBC Private Bank advising families, entrepreneurs, and Family Offices on their investment portfolios and wealth structuring.
Silvio holds a Bachelor of Business Administration from Florida International University and an MBA from the University of Miami. He serves as Director of Financial Literacy on the Board of ALPFA Boston (Association of Latino Professionals for America), a non-profit professional association dedicated to fostering career growth, leadership, and opportunity for future leaders. Silvio currently resides in Southborough, MA with his wife and three children.
Silvio holds a Bachelor of Business Administration from Florida International University and an MBA from the University of Miami. He serves as Director of Financial Literacy on the Board of ALPFA Boston (Association of Latino Professionals for America), a non-profit professional association dedicated to fostering career growth, leadership, and opportunity for future leaders. Silvio currently resides in Southborough, MA with his wife and three children.
Securities Agent: MD, GA, CO, VI, NH, MO, ME, HI, OR, ND, MN, TX, PR, OH, NV, NM, KY, KS, WI, UT, RI, MS, LA, CA, WV, WA, PA, NC, IL, AZ, AR, TN, NY, IN, ID, FL, DE, AL, VT, SD, OK, NE, WY, SC, NJ, DC, MT, MI, MA, IA, CT, AK, VA; General Securities Representative; Investment Advisor Representative
NMLS#: 1426872
NMLS#: 1426872
About James Wiley-Frohmader
James Wiley-Frohmader is a Vice President with over 25 years of Institutional Sales and Trading experience, across a broad range of asset classes. Throughout his career, he has covered Banks, Pension Funds, Hedge Funds, Asset Managers and Family Offices in Latin America, Europe, and the Caribbean.
He focuses on providing the implementation and execution of trading strategies for institutional clients and family offices. Prior to joining Morgan Stanley, he was a VP at J.P. Morgan Securities and Bear, Stearns & Co. He is a graduate of Bard College in New York where he received his B.S., with honors, in Anthropology and Economics. James and his wife reside in New York City.
He focuses on providing the implementation and execution of trading strategies for institutional clients and family offices. Prior to joining Morgan Stanley, he was a VP at J.P. Morgan Securities and Bear, Stearns & Co. He is a graduate of Bard College in New York where he received his B.S., with honors, in Anthropology and Economics. James and his wife reside in New York City.
About Domingo Pucci Diaz
Domingo Pucci Diaz has over 10 years of experience in Wealth Management. He currently serves as a Business Development Associate for the Pacifico Group, where he plays a key role architecting investment proposals, expanding client acquisition strategies, and delivering tailored financial solutions. Before joining Morgan Stanley, Domingo was an Investor at Itaú Private Bank. During his tenure, he led the onshore Investment Committee.
Domingo holds an MBA from Columbia Business School, where he specialized in Private Equity and was actively involved in organizations such as the Student Investment Management Association and the Hermes Society. Additionally, he holds a Master of Science in Finance from Universidad de Chile, where he graduated with Dean’s vote of distinction, and a Bachelor’s in Business Administration from Universidad de los Andes, where he also received the Dean’s vote of distinction and secured a merit-based scholarship.
Domingo holds an MBA from Columbia Business School, where he specialized in Private Equity and was actively involved in organizations such as the Student Investment Management Association and the Hermes Society. Additionally, he holds a Master of Science in Finance from Universidad de Chile, where he graduated with Dean’s vote of distinction, and a Bachelor’s in Business Administration from Universidad de los Andes, where he also received the Dean’s vote of distinction and secured a merit-based scholarship.
About Nico Falkinhoff Gips
Nicolas Falkinhoff Gips with 9 years of experience in finance and serves as an Investment Associate supporting the team with fundamental and market research, portfolio construction and trading. Prior to Morgan Stanley, Nico worked as a Portfolio Manager Associate & Equity Research Analyst at JAG Capital Management. Nico has a Bachelor's degree in Economics with minors in Marketing and Computer Science from Georgia College & State University, where he attended on an athletic scholarship. He earned a Master of Science degree in Finance from Washington University's Olin Business School, where he was a member of the Washington University Student Investment Fund, the Olin Finance Club and the Wealth and Asset Management Club.
When not at the office you can find Nico playing golf or tennis.
When not at the office you can find Nico playing golf or tennis.
About Steven Guzman
Steven Guzman has 9 years of experience in the financial services industry, with a strong foundation in Wealth Management business strategy, operations, and client service. He began his career at Morgan Stanley through the Financial Analyst Program, where he developed a broad understanding of the firm’s Wealth Management platform and the diverse functions that support its success. Steven went on to spend four years in a key business management role within the firm’s 399 Park Market, working directly with the Market Executive and sales leadership team. In this capacity, he supported the overall management and day-to-day operations of the office, gaining meaningful experience in strategic execution, operational efficiency, and field leadership support. As Chief of Staff for the Pacifico Group, Steven continues to leverage his knowledge of the business to help drive a high-quality service model designed to enhance the client experience.
About Nancy Reyes Soto
Nancy Reyes Soto joined Pacifico in 2021 as Client Service Associate, bringing a strong background in banking and client relations. She began her financial services career in 2019 at Santander Bank, assisting clients with daily transactions and branch operations. She later joined Bank of America as a Relationship Banker, where she provided personalized financial solutions to individuals, small businesses, and high- net-worth clients. Nancy holds a Bachelor of Arts in Psychology and a Minor in Business and Management from The City College of New York (‘20) and a Master of Arts in Economics Specializing in Finance from The City College of New York. When not in the office Nancy enjoys learning about different cultures, reading books about personal growth, visiting new places and spending time with family and friends.
About Mario Rojas
Mario Rojas joined the Pacifico Group at Morgan Stanley in 2022 as a Client Service Associate. Prior to joining the Firm, he worked for JPMorgan Chase as a relationship banker for three years.
Born in Colombia, Mario currently resides in Queens, New York, where he is involved in his community. He helps hosts a variety of charitable and community events through his local church. While not in the office, Mario takes pleasure in spending quality time with his loved ones, playing soccer, and being a dedicated father to his wonderful daughter.
Born in Colombia, Mario currently resides in Queens, New York, where he is involved in his community. He helps hosts a variety of charitable and community events through his local church. While not in the office, Mario takes pleasure in spending quality time with his loved ones, playing soccer, and being a dedicated father to his wonderful daughter.
About Angelica Santos Moya
Angelica Santos Moya is a Client Service Associate with more than 4 years of experience in the financial industry. Prior to joining Morgan Stanley, she was a Financial Service Representative at TD Bank, she serviced small business clients and worked closely with TD Banks Financial Advisors in assisting their clients’ financial needs.
Angelica holds a bachelor’s degree in Sociology from William Paterson University in New Jersey. While not in the office, Angelica enjoys spending her time with friends & family and reading books in her spare time.
Angelica holds a bachelor’s degree in Sociology from William Paterson University in New Jersey. While not in the office, Angelica enjoys spending her time with friends & family and reading books in her spare time.
About Lucas Bueno
Lucas Bueno is currently a Registered Client Service Associate. Prior to joining the Pacifico Group, Lucas worked as a Client Service Associate at Merrill Lynch. In his previous roles, Lucas assisted his team in day-to-day operations of the business providing administrative and operational support for his team. Lucas also analyzed research and market movements to deliver timely tactical asset allocation recommendations to clients as well as developing financial plans, performance reporting, market executions, and portfolio implementations.
Lucas received an Honors College BA in Entrepreneurship from Florida Gulf Coast University in 2023. Born in São Paulo, Brazil, he moved from Naples, Florida to New York City in April 2024. Prior to moving to New York City, Lucas was the Head Tennis Professional at The Club at Kalea Bay in Naples, Florida.
Lucas received an Honors College BA in Entrepreneurship from Florida Gulf Coast University in 2023. Born in São Paulo, Brazil, he moved from Naples, Florida to New York City in April 2024. Prior to moving to New York City, Lucas was the Head Tennis Professional at The Club at Kalea Bay in Naples, Florida.
About Peter O'Rourke
Peter O'Rourke is a Wealth Management Analyst at the Pacifico Group. He supports the team in developing comprehensive investment and wealth management strategies tailored to each client's unique goals. He graduated cum laude from the Gabelli School of Business at Fordham University and earned a Master of Finance from the Villanova School of Business. Peter holds the FINRA Series 7 and Series 66 licenses.
A competitive golfer, Peter played at both Fordham and Villanova and continues to compete in tournaments across the country. He grew up in Ho-Ho-Kus, New Jersey, and is one of five siblings. Outside the office, Peter enjoys following New York sports teams and spending time outdoors.
A competitive golfer, Peter played at both Fordham and Villanova and continues to compete in tournaments across the country. He grew up in Ho-Ho-Kus, New Jersey, and is one of five siblings. Outside the office, Peter enjoys following New York sports teams and spending time outdoors.
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Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
PWM Leadership Insights & Outcomes
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1Alternative 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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
3Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
4Morgan 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.
5Morgan 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.
6Morgan 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.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan 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.
9Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
10Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
11Morgan 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.
12Morgan 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.
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.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products 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.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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
3Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
4Morgan 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.
5Morgan 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.
6Morgan 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.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan 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.
9Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
10Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
11Morgan 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.
12Morgan 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.
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.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products 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.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Awards Disclosures | Morgan Stanley
CRC 4677197 (7/2025)
