Noah J. Caruso
Managing Director, Wealth Management, Financial Advisor, Portfolio Management Director
Phone:
(617) 478-6494(617) 478-6494
The Heritage Group at Morgan Stanley
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
Welcome
As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Services Include
- Wealth ManagementFootnote1
- Professional Portfolio ManagementFootnote2
- Retirement PlanningFootnote3
- 529 PlansFootnote4
- Institutional ServicesFootnote5
- Estate Planning StrategiesFootnote6
- Foreign ExchangeFootnote7
- Trust AccountsFootnote8
- Philanthropic Services
- Alternative InvestmentsFootnote9
- Lending Products
- SyndicateFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Suite of Solutions
As your wealth grows, so does its complexities and the resources needed to manage it. We understand the level of sophistication you expect and provide a comprehensive suite of services to organize and manage your wealth effectively in today’s fast-paced world.
Comprehensive Financial Planning
Thorough and thoughtful financial planning analyzes where you are now and where you want to go. We believe it is the most important step in establishing a path to your goals. Whether you are purchasing a new home, planning for a confident retirement or supporting an organization near to your heart, we develop the strategies needed to help achieve your goals.
Professional Portfolio Management
Managing an investment portfolio should be a consultative and disciplined process that balances your attitudes and goals as an investor with careful analysis of the financial markets. You can rely on us for objective and strategic advice in structuring your portfolio and for careful consideration of any investments we consider together.
Risk Management
Life’s risks can surface in many ways – from loss of life to loss of health – and have the potential to impair the efficiency of a carefully developed plan. We help address these concerns through a number of solutions, ranging from an insurance review to liquidity strategies.
Cash Management
Creating adequate cash flow for day-to-day needs and opportunities are the ongoing aspects of implementing a financial strategy. We help you meet your personal cash management needs, while thinking strategically about how specific approaches may affect current and long-term costs and tax implications.
Estate Planning
Passing on an estate to the next generation or favorite charity requires more attention than families often realize. Coordinating with outside estate and tax professionals, we align estate planning goals with the appropriate asset titling and beneficiary designation requirements, while incorporating best practices to help enhance results.
Business Services
The links between ownership and personal wealth are many and complex. Whether your objective is to grow your business, realize its value through a succession strategy or sale, or maintain family ownership through the next generation, we will examine your alternatives and develop the best strategy to implement.
Education
Our process is to empower clients with clear, practical financial knowledge to make informed decisions. Though personalized guidance, workshops, and accessible resources, we simply complex concepts and tailor strategies to your unique goals. Learn confidently with a trusted advisor by your side.
Retirement Plan Consulting
The Heritage Group at Morgan Stanley is dedicated to empowering businesses and institutions with tailored solutions for their employer-sponsored retirement plans. Whether you’re exploring new providers or seeking to enhance your current plan, our team provides insightful analysis and strategic support to elevate your plan’s impact—delivering greater value to your employees and organization.
Serving numerous unique retirement plan clients, we focus on six essential pillars:
1. Driving higher participation and equipping employees for a secure retirement
2. Offering continuous guidance to navigate and, where possible, lighten fiduciary burdens
3. Leveraging deep expertise to select and diligently monitor plan investments
4. Providing clear direction in choosing the right record keeper or provider
5. Demystifying plan fees and expenses for full transparency
6. Optimizing plan design through thoughtful, data-driven analysis
For many of our clients, managing a 401(k) is just one piece of a busy HR and finance puzzle. In a constantly shifting retirement landscape, we strive to simplify the complex, streamline operations, and strengthen this vital aspect of your business.
1. Driving higher participation and equipping employees for a secure retirement
2. Offering continuous guidance to navigate and, where possible, lighten fiduciary burdens
3. Leveraging deep expertise to select and diligently monitor plan investments
4. Providing clear direction in choosing the right record keeper or provider
5. Demystifying plan fees and expenses for full transparency
6. Optimizing plan design through thoughtful, data-driven analysis
For many of our clients, managing a 401(k) is just one piece of a busy HR and finance puzzle. In a constantly shifting retirement landscape, we strive to simplify the complex, streamline operations, and strengthen this vital aspect of your business.
2019, 2020, 2021, 2022, and 2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019, 2020, 2021, 2022, 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2012-2024 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2024) The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria. The award was not based on a specific time period.
Source: Forbes.com (Awarded 2019, 2020, 2021, 2022, 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2012-2024 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2024) The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria. The award was not based on a specific time period.
The Heritage Group Gives Back
- St. John's Prep - Trustee Associate Board
- Andover Little League - Board Member
- Lawrence General Hospital - President's Fund
- Addison Gallery of American Art - Andover, MA
- Sports Musuem Sponsor - Boston, MA
- Roxbury Prep Charter School
- Uncommon Schools - NY, MA, NJ
- Brown University Swimming
- Animal Rescue League Boston
- Greater Boston Food Bank
- Cradles to Crayons
- Middleton Food Pantry
Location
35 Village Rd
Ste 601
Middleton, MA 01949
US
28 State Street
Boston, MA 02109
US
Direct:
(617) 478-6494(617) 478-6494
Meet The Heritage Group
Duke Pascucci, CFP®
Senior Vice President, Financial Advisor, CERTIFIED FINANCIAL PLANNER®
Phone:
(617) 589-3270(617) 589-3270
Timothy Awiszus, CRPC®
Financial Advisor, Financial Planning Specialist
Phone:
(617) 478-6470(617) 478-6470
John Cardone
Assistant Vice President, Director of Business Strategy
Phone:
(617) 946-5181(617) 946-5181
Devyn Neary
Client Service Associate
Phone:
(978) 526-6001(978) 526-6001
Carol Kuhn
Senior Client Service Associate
Phone:
(617) 589-3349(617) 589-3349
Hannah Leggesse
Portfolio Associate
Phone:
(617) 589-3419(617) 589-3419
About Noah J. Caruso
A graduate of Phillips Academy Andover and Brown University, Noah has been a portfolio manager and financial advisor with Morgan Stanley for 17 years. Noah focuses on delivering tailored investment advice to help define and exceed the goals of his clients. Working with his team, Noah is able to offer a vast array of resources to help clients preserve and grow their wealth. A seasoned and respected investment professional, Noah has been named a Best-In-State Wealth Advisor for Forbes since 2019, to the Morgan Stanley President’s Club, and a Five Star Wealth Manager since 2012.
Noah is proud of his service to the community and charitable organizations, such as the Lawrence General Hospital President’s Fund, the Addison Gallery of American Art, the New England Sports Museum, Roxbury Prep School, Uncommon Schools, and Brown University swimming.
Noah lives in Andover, MA with his wife and two boys where he is a coach in the Andover youth baseball, basketball and soccer leagues.
2019, 2020, 2021, 2022, and 2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019, 2020, 2021, 2022, 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2012-2024 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2024) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2012 Award- 5/18/11 - 11/6/11
2013 Award - 5/18/12 - 11/6/12
2014 Award - 5/18/13 - 11/6/13
2015 Award - 5/18/14 - 11/6/14
2016 Award - 5/18/15 - 11/6/15
2017 Award - 3/26/16 - 11/23/16
2018 Award - 3/23/17 - 11/10/17
2019 Award - 4/18/18 - 11/6/18
2020 Award - 4/1/19 - 12/13/19
2021 Award - 5/25/20 - 11/30/20
2022 Award - 5/24/21 - 11/19/21
2023 Award - 5/23/22 - 1/6/23
2024 Award - 04/10/23 - 10/31/23
Noah is proud of his service to the community and charitable organizations, such as the Lawrence General Hospital President’s Fund, the Addison Gallery of American Art, the New England Sports Museum, Roxbury Prep School, Uncommon Schools, and Brown University swimming.
Noah lives in Andover, MA with his wife and two boys where he is a coach in the Andover youth baseball, basketball and soccer leagues.
2019, 2020, 2021, 2022, and 2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019, 2020, 2021, 2022, 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2012-2024 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2024) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2012 Award- 5/18/11 - 11/6/11
2013 Award - 5/18/12 - 11/6/12
2014 Award - 5/18/13 - 11/6/13
2015 Award - 5/18/14 - 11/6/14
2016 Award - 5/18/15 - 11/6/15
2017 Award - 3/26/16 - 11/23/16
2018 Award - 3/23/17 - 11/10/17
2019 Award - 4/18/18 - 11/6/18
2020 Award - 4/1/19 - 12/13/19
2021 Award - 5/25/20 - 11/30/20
2022 Award - 5/24/21 - 11/19/21
2023 Award - 5/23/22 - 1/6/23
2024 Award - 04/10/23 - 10/31/23
Securities Agent: NY, AZ, OR, MA, DE, SC, MT, DC, CO, WA, RI, ME, CT, SD, GA, VT, UT, IL, WI, OK, MD, VA, NV, PA, NH, MI, TX, TN, FL, CA, NJ, NC, MN, ID; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 176115
NMLS#: 176115
About Duke Pascucci
Duke helps clients identify, articulate, and quantify their investment goals, then creates goals-based, comprehensive financial plans to help reach them. He believes in systematic, evidence-based processes and strategies, and seeks to take the emotion out of financial decision-making. Duke has been named one of Forbes’ Best-in-State Wealth Advisors in 2019, 2020, 2021, 2022, 2023, 2024 and 2025.
Duke began his career as an investment advisor in 1994 with Smith Barney, a legacy firm of Morgan Stanley. He earned his Certified Financial Planner™ credential in 2007, having completed many hours of classroom work, rigorous testing, and ongoing certification. Duke's educational background, experience and professional credentials have made it clear that intelligent, informed choices give clients their best opportunity for success. His clients agree, which is why they choose him, and also why they stay with him – they share a belief in goal-based, long-term financial planning.
Duke has a B.A. in Economics from Harvard University, having earned his way by cleaning bathrooms. He also played football and hockey.
Duke lives in Needham with his wife Suzanne, and they have a son and two daughters. He is an avid reader, especially non-fiction books on U.S. and World history along with great American novels. Duke also enjoys hot vinyasa yoga, loves to swim in the ocean, and is a member of the Beverly High School Athletic Hall of Fame.
Duke began his career as an investment advisor in 1994 with Smith Barney, a legacy firm of Morgan Stanley. He earned his Certified Financial Planner™ credential in 2007, having completed many hours of classroom work, rigorous testing, and ongoing certification. Duke's educational background, experience and professional credentials have made it clear that intelligent, informed choices give clients their best opportunity for success. His clients agree, which is why they choose him, and also why they stay with him – they share a belief in goal-based, long-term financial planning.
Duke has a B.A. in Economics from Harvard University, having earned his way by cleaning bathrooms. He also played football and hockey.
Duke lives in Needham with his wife Suzanne, and they have a son and two daughters. He is an avid reader, especially non-fiction books on U.S. and World history along with great American novels. Duke also enjoys hot vinyasa yoga, loves to swim in the ocean, and is a member of the Beverly High School Athletic Hall of Fame.
Securities Agent: WI, MT, TX, OK, IL, DE, NV, MI, DC, CT, WA, UT, RI, NJ, MN, GA, CO, PA, OH, MS, MA, SC, OR, NH, AZ, VA, SD, LA, IN, FL, NY, NC, ME, MD, CA, VT, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 1316506
NMLS#: 1316506
About Timothy Awiszus
Tim Awiszus is a Financial Advisor Associate with The Heritage Group at Morgan Stanley. He works closely with our clients to develop a financial plan that acts as their own personal roadmap to help achieve their goals and objectives. Tim leads our efforts in retirement planning, and helping clients generate the cash they need in retirement. He holds his Series 7, 63, and 66 licenses.
Tim joined the industry in 2018, following his graduation from Florida Gulf Coast University in Fort Myers, Florida. Prior to joining the Firm, he worked as a retirement consultant, where he assisted employees going through a change of jobs or retirement with their workplace 401(k) plans. Tim has extensive industry knowledge and continues to educate our clients and their families with the latest news and financial developments.
Tim grew up in Andover, Massachusetts, Tim enjoys boating, fishing, golfing, and spending time in Cape Cod during the summer months. He is also a coach in the Andover Little League program.
NMLS ID:2680618
Tim joined the industry in 2018, following his graduation from Florida Gulf Coast University in Fort Myers, Florida. Prior to joining the Firm, he worked as a retirement consultant, where he assisted employees going through a change of jobs or retirement with their workplace 401(k) plans. Tim has extensive industry knowledge and continues to educate our clients and their families with the latest news and financial developments.
Tim grew up in Andover, Massachusetts, Tim enjoys boating, fishing, golfing, and spending time in Cape Cod during the summer months. He is also a coach in the Andover Little League program.
NMLS ID:2680618
Securities Agent: AZ, DC, PA, OR, ID, TN, NJ, MN, ME, FL, DE, WI, OK, HI, UT, MO, IL, GA, WA, VT, VA, SC, RI, MD, CT, NY, NH, MT, MI, TX, SD, NV, CO, NC, CA, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 2680618
NMLS#: 2680618
About John Cardone
John was born, raised, and educated in the Boston, Massachusetts area. Having worked for Morgan Stanley for 15 years, John has achieved the title of Wealth Management Associate and Portfolio Associate by consistently offering Morgan Stanley clients unsurpassed client service. John is integral to the team in assisting with strategic planning to ensure that every client’s needs are met to the highest standard. Whether executing trades, delivering option strategies, or streamlining operations, John delivers valuable services to each client. John helps identify practice management opportunities, cultivates client relationships, conducts annual performance reviews with financial advisors, and develops new procedures, products and portfolio enhancements for high net worth clients.
A devoted practitioner of martial arts, John has achieved a fourth degree black belt in Jiu-Jitsu. John Supports the Animal Rescue League of Boston and the Greater Boston Food Bank.
John lives in Swampscott, MA with his wife and daughter.
A devoted practitioner of martial arts, John has achieved a fourth degree black belt in Jiu-Jitsu. John Supports the Animal Rescue League of Boston and the Greater Boston Food Bank.
John lives in Swampscott, MA with his wife and daughter.
About Devyn Neary
Devyn Neary is a Client Service Associate for the Heritage Group at Morgan Stanley, where she assists the team and its clients. Prior to joining the Firm in 2024, she served in a similar position for a brokerage Firm in Boston. Devyn graduated from Bentley University with a Bachelor of Science in Business Management. She currently holds her Property and Casualty Insurance license.
A native of Fort Lauderdale, Florida, Devyn currently resides in Reading, Massachusetts, with her family and three dogs. While not in the office, she enjoys traveling and staying active, and is working on becoming a certified spin instructor.
A native of Fort Lauderdale, Florida, Devyn currently resides in Reading, Massachusetts, with her family and three dogs. While not in the office, she enjoys traveling and staying active, and is working on becoming a certified spin instructor.
About Carol Kuhn
Carol Kuhn began her career at Bank of America in 1985. She joined Smith Barney in 1995, a Morgan Stanley predecessor firm, and continues her career as a Senior Client Service Associate. Carol’s role include all aspects of Client Service where she interacts with and assists clients on a variety of issues. She has been working directly with Duke for 29 years.
She lives in Hyde Park with her husband Jim and her beloved cat. They have two adult children. She enjoys walking, music, spending time with family and friends and doting on her two grandsons.
She lives in Hyde Park with her husband Jim and her beloved cat. They have two adult children. She enjoys walking, music, spending time with family and friends and doting on her two grandsons.
About Hannah Leggesse
Hannah Leggesse began her career in Financial Services in 2000. She is a Portfolio Associate whose role encompasses all aspects of client services. She enjoys helping clients every day,
She received her Bachelor’s Degree from the University of Cincinnati with a major in Social Sciences and minor in Business. She has earned the Series 7 and Series 66 License.
She lives in Cambridge and enjoys reading, traveling, walking and fitness.
She received her Bachelor’s Degree from the University of Cincinnati with a major in Social Sciences and minor in Business. She has earned the Series 7 and Series 66 License.
She lives in Cambridge and enjoys reading, traveling, walking and fitness.
Contact Noah J. Caruso
Contact Duke Pascucci
Contact Timothy Awiszus
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Jessica Birkins
Private Banker
Evan J. Patterson
Private Banker
About Jessica Birkins
Jessica Birkins is a Private Banker serving Morgan Stanley Wealth Management offices in Massachusetts.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Jessica began her career in financial services in 2010, and joined Morgan Stanley in 2017 as a Associate Private Banker. Prior to joining the firm, she was a Team Leader and Internal Wholesaler at Eaton Vance.
Jessica is a graduate of the Connecticut College, where she received a Bachelor of Arts in Economics. She lives in Scituate, Massachusetts with her family. Outside of the office, Jessica enjoys spending time with her family, running, and reading.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Jessica began her career in financial services in 2010, and joined Morgan Stanley in 2017 as a Associate Private Banker. Prior to joining the firm, she was a Team Leader and Internal Wholesaler at Eaton Vance.
Jessica is a graduate of the Connecticut College, where she received a Bachelor of Arts in Economics. She lives in Scituate, Massachusetts with her family. Outside of the office, Jessica enjoys spending time with her family, running, and reading.
NMLS#: 1699963
About Evan J. Patterson
Evan Patterson is a Private Banker serving Morgan Stanley Wealth Management offices in Rhode Island, Massachusetts and New York.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Evan began his career in financial services in 1999. Prior to relocating to the Northeast, he served as a Private Banker in the Tampa Bay area. Before joining Morgan Stanley in 2010, Evan spent 10 years in high net worth lending at Merrill Lynch supporting teams in New York City, Los Angeles, and Jacksonville. He began his career as a Securities Based Lending Officer before rising within the firm, holding several other positions including Priority Loan Officer, Associate Mortgage and Credit Specialist, Consumer Finance Specialist and Banking and Liquidity specialist.
Evan is a graduate of the University of Florida, where he received a Bachelor of Science in Business Administration with concentration in Finance. He lives in East Greenwich, Rhode Island with his family. Outside of the office, Evan enjoys painting, watching cinema, reading books, and listening to vinyl records.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Evan began his career in financial services in 1999. Prior to relocating to the Northeast, he served as a Private Banker in the Tampa Bay area. Before joining Morgan Stanley in 2010, Evan spent 10 years in high net worth lending at Merrill Lynch supporting teams in New York City, Los Angeles, and Jacksonville. He began his career as a Securities Based Lending Officer before rising within the firm, holding several other positions including Priority Loan Officer, Associate Mortgage and Credit Specialist, Consumer Finance Specialist and Banking and Liquidity specialist.
Evan is a graduate of the University of Florida, where he received a Bachelor of Science in Business Administration with concentration in Finance. He lives in East Greenwich, Rhode Island with his family. Outside of the office, Evan enjoys painting, watching cinema, reading books, and listening to vinyl records.
NMLS#: 800467
Wealth Management
Global Investment Office
Portfolio Insights
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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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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
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
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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Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Heritage Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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’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.
3When 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.
4Investors 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.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
7GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
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 and other legal matters.
9Alternative 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.
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.
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:
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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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
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’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.
3When 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.
4Investors 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.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
7GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
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 and other legal matters.
9Alternative 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.
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.
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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.
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Awards Disclosures
CRC 6491812 (04/2024)
