Paul Lakon
Senior Vice President, Wealth Management,
Financial Advisor,
Portfolio Manager
Direct:
(310) 205-4985(310) 205-4985
My Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
My Story and Services
Paul Lakon is a Senior Vice President and Financial Advisor with Morgan Stanley in Beverly Hills, Calif. Known for his unwavering dedication to deliver the highest level of quality service to his clients, Paul has more than 35 years of experience in financial services.
Before joining Morgan Stanley in 2021, Paul worked as a Financial Advisor for RBC Wealth Management for over 15 years and Citigroup Smith Barney for over 17 years. Paul began his career with Drexel Burnham Lambert in 1988, the same year he graduated with a Bachelor of Arts degree from UCLA.
Throughout his long career, Paul has firmly established a solid reputation for his knowledge of both the equity and fixed-income markets. He is keenly focused on helping investors grow their portfolio, making sure their assets are working hard at all times and preserving their wealth for future generations.
While Paul is highly adept at leveraging the global resources and vast capabilities of Morgan Stanley for the benefit of his clients, he reads several financial publications voraciously to help ensure he stays current on important financial topics of major concern to his clients.
Paul serves a broad range of investors, mainly senior-level executives, high-net-worth individuals, business owners, retirees and those soon to be retired. Having been in financial services for a long time, he meets many of his new clients by way of referrals from his existing clientele. Paul holds numerous professional designations. These include Series 7 (General Securities), Series 63 and 66 (State law licenses), Series 3 (National Commodity Futures), Series 31 (Futures Managed Funds), SIE (Securities Industry Essentials), and designations for Life and Disability Insurance and Variable Life and Variable Annuities.
A student of the markets, Paul places great importance on education and transparency. He believes the more clients understand their investments, the more likely they will stick with the financial plan that he and his team have created for them. Having worked through virtually every type of market, Paul knows how to help clients stay focused on their long-term goals when markets turn volatile. This approach has helped Paul build strong, enduring relationships with his clients, many of whom have been with him for decades. Paul has been happily married to his lovely wife, Christa, for 29 years. They have two boys they are very proud of, Nicholas, 26, and Peter, 23. To make an appointment with Paul, contact him at (310) 205-4985 or by email at Paul.Lakon@morganstanley.com.
Before joining Morgan Stanley in 2021, Paul worked as a Financial Advisor for RBC Wealth Management for over 15 years and Citigroup Smith Barney for over 17 years. Paul began his career with Drexel Burnham Lambert in 1988, the same year he graduated with a Bachelor of Arts degree from UCLA.
Throughout his long career, Paul has firmly established a solid reputation for his knowledge of both the equity and fixed-income markets. He is keenly focused on helping investors grow their portfolio, making sure their assets are working hard at all times and preserving their wealth for future generations.
While Paul is highly adept at leveraging the global resources and vast capabilities of Morgan Stanley for the benefit of his clients, he reads several financial publications voraciously to help ensure he stays current on important financial topics of major concern to his clients.
Paul serves a broad range of investors, mainly senior-level executives, high-net-worth individuals, business owners, retirees and those soon to be retired. Having been in financial services for a long time, he meets many of his new clients by way of referrals from his existing clientele. Paul holds numerous professional designations. These include Series 7 (General Securities), Series 63 and 66 (State law licenses), Series 3 (National Commodity Futures), Series 31 (Futures Managed Funds), SIE (Securities Industry Essentials), and designations for Life and Disability Insurance and Variable Life and Variable Annuities.
A student of the markets, Paul places great importance on education and transparency. He believes the more clients understand their investments, the more likely they will stick with the financial plan that he and his team have created for them. Having worked through virtually every type of market, Paul knows how to help clients stay focused on their long-term goals when markets turn volatile. This approach has helped Paul build strong, enduring relationships with his clients, many of whom have been with him for decades. Paul has been happily married to his lovely wife, Christa, for 29 years. They have two boys they are very proud of, Nicholas, 26, and Peter, 23. To make an appointment with Paul, contact him at (310) 205-4985 or by email at Paul.Lakon@morganstanley.com.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Municipal BondsFootnote3
- Corporate BondsFootnote4
- Certificates of DepositFootnote5
- Cash Management and Lending ProductsFootnote6
- Estate Planning StrategiesFootnote7
- Executive Financial ServicesFootnote8
- Retirement PlanningFootnote9
- Sustainable InvestingFootnote10
- Life InsuranceFootnote11
- Alternative InvestmentsFootnote12
Securities Agent: NE, AZ, WY, VA, SC, DC, CA, AK, MD, MA, FL, AR, WA, VI, SD, NY, PR, OK, OH, HI, CT, AL, WV, VT, RI, NC, KS, ID, OR, ND, MS, MO, MN, IN, IL, NV, NM, CO, TX, PA, NH, MT, MI, WI, UT, NJ, ME, LA, KY, IA, GA, DE; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1516637
CA Insurance License #: 0E10155
NMLS#: 1516637
CA Insurance License #: 0E10155
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Upcoming Firm Events
The Lessons in Leadership Virtual Event Series will continue throughout 2025 . Check back soon for details on upcoming events.
Online
Client Service Team
Laura Tiffany, Financial Planning Specialist - Assistant Vice President, Wealth Management Associate
Phone:
(310) 205-4951(310) 205-4951
Email:laura.tiffany@morganstanley.com
Laura Tiffany is a highly experienced Wealth Management Associate in Morgan Stanley’s Beverly Hills, Calif., office. Born and raised in California, she has been in financial services for over 25 years.
Laura joined Morgan Stanley in 2021 along with Financial Advisor Paul Lakon, with whom she worked at RBC Wealth Management. She also spent many years working with
UBS.
Usually the first person clients speak with when they call, Laura handles myriad service and operational responsibilities – from placing trades and fielding client questions to making sure investors receive all their dividends and interest payments.
Known for her caring personality and tireless work ethic, Laura places great importance on exceeding expectations, paying close attention to details, communicating effectively and taking a proactive business approach by calling clients periodically to see how they are doing. This proactive approach has enabled Laura to forge strong relationships with clients because they tend to be forthcoming about their needs, which helps her be of greater service to them.
A team player who also likes to share knowledge with her colleagues, Laura is excellent at getting difficult tasks accomplished in relatively short order. That’s because Laura has
deep knowledge of how a branch works, having held many different jobs throughout her career, such as branch service manager and operations manager.
“Most importantly,” she says, “I love what I do, which I believe comes through in my work,” she says. “No matter what someone needs, especially our clients, I do whatever I can to help.”
While Laura is pleased with her accomplishments in the workplace, she is most proud of her 26-year-old daughter, who works for a cardiologist in Austin, Texas, and her 24-year-old son, a nuclear engineer in the Navy in Virginia.
Laura joined Morgan Stanley in 2021 along with Financial Advisor Paul Lakon, with whom she worked at RBC Wealth Management. She also spent many years working with
UBS.
Usually the first person clients speak with when they call, Laura handles myriad service and operational responsibilities – from placing trades and fielding client questions to making sure investors receive all their dividends and interest payments.
Known for her caring personality and tireless work ethic, Laura places great importance on exceeding expectations, paying close attention to details, communicating effectively and taking a proactive business approach by calling clients periodically to see how they are doing. This proactive approach has enabled Laura to forge strong relationships with clients because they tend to be forthcoming about their needs, which helps her be of greater service to them.
A team player who also likes to share knowledge with her colleagues, Laura is excellent at getting difficult tasks accomplished in relatively short order. That’s because Laura has
deep knowledge of how a branch works, having held many different jobs throughout her career, such as branch service manager and operations manager.
“Most importantly,” she says, “I love what I do, which I believe comes through in my work,” she says. “No matter what someone needs, especially our clients, I do whatever I can to help.”
While Laura is pleased with her accomplishments in the workplace, she is most proud of her 26-year-old daughter, who works for a cardiologist in Austin, Texas, and her 24-year-old son, a nuclear engineer in the Navy in Virginia.
Location
9665 Wilshire Blvd
Ste 600
Beverly Hills, CA 90212
US
Direct:
(310) 205-4985(310) 205-4985
Wealth Management
Global Investment Office
Portfolio Insights
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
The Robots are Coming
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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
Ready to start a conversation? Contact Paul Lakon today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
6Morgan 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
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 and other 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.
9When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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
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.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
6Morgan 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
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 and other 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.
9When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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
CRC 6491812 (04/2024)
