Shawn Henley
Senior Vice President, Wealth Advisor, Senior Portfolio Management Director, Workplace Advisor - Equity Compensation
Phone:
(925) 730-3863(925) 730-3863
Our Mission Statement
To empower our clients with financial freedom so they can dedicate their time to what truly matters
Our Story and Services
Life's biggest priorities—family, health, faith/purpose, and finances—often compete for time and attention. In a busy world, trying to balance them all can add unnecessary stress and uncertainty.
With our help—and more than 200 combined years of experience at Morgan Stanley—we support successful individuals, families, and business owners with strategies designed to assist them to accumulate, preserve, and responsibly transfer wealth to the next generation.
With each team member specializing in different areas, our clients benefit from a wide range of perspectives and capabilities. We customize our approach based on what each client values most, and we take pride in supporting clients as they work toward meaningful goals, celebrating milestones along the way.
Professional Designations
- CFP® (Certified Financial Planner™ professional): Offers planning-focused guidance based on rigorous education, experience, and ethical standards.
- Senior Portfolio Management Director: Allows select Morgan Stanley Financial Advisors to deliver portfolio management services directly to clients.
- Family Wealth Advisor: Reflects advanced planning experience and provides access to specialized resources for areas such as wealth transfer planning, managing concentrated or restricted stock, lending strategies, business succession, and philanthropy.
Services Include
- Financial PlanningFootnote1
- Professional Portfolio ManagementFootnote2
- 401(k) Rollovers
- Qualified Retirement PlansFootnote3
- Cash Management and Lending ProductsFootnote4
- Long Term Care InsuranceFootnote5
- AnnuitiesFootnote6
- 529 PlansFootnote7
- Executive Financial ServicesFootnote8
- Stock Plan ServicesFootnote9
- Planning for Individuals with Special Needs and their Families
- Estate Planning StrategiesFootnote10
- Alternative InvestmentsFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Building Longstanding Relationships
Our family wealth practice is built on the development of deep and enduring relationships and the delivery of comprehensive wealth management services. We work with a broad range of clients and industry professionals who value and respect our years of experience and collaborative approach.
Individuals and Families
We enjoy serving the needs of individuals and their families who have accumulated a higher level of wealth or who have experienced a significant life event, such as transitioning to retirement, selling a business, or losing a spouse. These events require a seasoned advisor who understands the complexities of these special situations and has the insights to achieve results.
Business Owners
We have worked closely with business owners and entrepreneurs for decades. We understand the tremendous focus it takes to be successful and the challenges they face. We provide the solutions needed to address their unique circumstances, so they can remain focused on their work and their careers.
Industry Professionals
We believe you are entitled to the best advice possible. As a result, we often collaborate with specialists across Morgan Stanley, as well as other professionals within the industry who are considered experts in their fields. In addition, we enjoy working in partnership with your accountant and estate attorney to gain the precise knowledge needed to effectively manage your wealth, while helping ensure all recommendations are fully aligned and implemented.
Women Without Limits
Supporting women throughout their financial lives is at the core of Morgan Stanley’s values. This dedication and experience make us uniquely suited to help women reach their financial and career goals, no matter where they are on their journey
Learn More
Access and Opportunity With Carla Harris
Inspiring change through informed and inclusive innovation. On Access & Opportunity, host Carla Harris, Senior Client Advisor at Morgan Stanley, explores the lived experiences of the people who face systematic inequities and sits down with founders, investors, developers, activists, and educators who are building a more equitable future today.
Click to listen to the most recent episode!
Charitable Giving that Benefits Women and Girls
Financially supporting charities focused on women and girls’ wellness can be beneficial for our global society and personally enriching. Let’s talk about how you can incorporate charitable giving into your financial plan.
Click HereWorking With You
As your dedicated wealth management team, our role is to tailor a personalized financial strategy which fits your needs. In our experience working with clients, we have developed a step-by-step approach to service:
Step 1: Discovery Process
We take the time to fully understand you and your family. Whether you’re planning for retirement, purchasing a home, or living out your golden years – we consider all of your challenges, goals, and aspirations when building your financial picture.
Step 2: Investment Plan Meeting
Presentation of your customized asset allocation reflecting risk, opportunities and taxation across multiple entities.
Step 3: Mutual Commitment Meeting
Reaffirm our shared commitment to working together and outline of next steps to formally engage.
Step 4: Tailoring Your Experience
Our service team will provide a variety of choices to tailor your experience with our team and the Firm, while the Financial Advisors implement your customized wealth strategy.
Step 5: Regular Progress Meetings
Ongoing reviews and reporting to ensure your strategy adapts to changing family and financial needs.
Complimentary Second-Opinion Service
Working with a team that redefines wealth management
Ask ten people to define wealth management. Actually, ask ten wealth managers to do so. You will almost certainly get ten different answers, with most heavily focused on investing. As a client of The Tri-Valley Group, however, you benefit from a team that has a clear and comprehensive vision of wealth management.
Our consultative process via phone or virtual meeting
We approach each new engagement with our consultative process. This allows us to have an open dialogue in which we learn about every client's values and goals while working with them to tailor a plan to help achieve them. Through our second-opinion service you can experience our five step process with no obligation.
What to expect from our complimentary second-opinion service
We will meet with you in person or if you prefer via a virtual meeting from the comfort of your own home for a Discovery Meeting. Assuming that we both agree that we have a basis for working together, we will get together for the mutual commitment meeting. During this visit we will confirm if you are on track to fulfil your values and achieve your goals with your current financial provider. If needed, we will suggest ways in which we can help, including recommending another provider if we are not a good fit for your needs. Either way, you will receive a Total Client Profile and a personalized analysis of your current situation.
AWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
4309 Hacienda Drive
Ste 200
Pleasanton, CA 94588
US
Direct:
(925) 730-3859(925) 730-3859
Meet The Tri-Valley Group
Bryan Furlong
Senior Vice President, Financial Advisor, Portfolio Management Director, Workplace Advisor - Equity Compensation
Phone:
(925) 730-3819(925) 730-3819
Phone:
(925) 730-3823(925) 730-3823
Senior Vice President, Financial Advisor, Portfolio Management Director, Financial Planning Specialist, CERTIFIED FINANCIAL PLANNER®, Workplace Advisor - Equity Compensation
Phone:
(925) 730-3859(925) 730-3859
Phone:
(925) 730-3830(925) 730-3830
Cindy Suttio
Wealth Management Associate
Phone:
(925) 730-3832(925) 730-3832
Ami L. Schelin
Portfolio Associate
Phone:
(925) 730-3806(925) 730-3806
Caroline Lopez
Wealth Management Associate
Phone:
(925) 730-3899(925) 730-3899
About Shawn Henley
Shawn is a Senior Vice President and Portfolio Management Director with Morgan Stanley Wealth Management. He has 38 years of experience helping high-net-worth individuals and their families grow their wealth and strive to preserve it for their legacies. Shawn and his team are based in Morgan Stanley’s Pleasanton, CA office; however, they work with many clients throughout the United States. “Family Life” is Shawn’s focus, both personally & professionally, which is why he has dedicated his practice to building relationships with multiple generations of his clients. Together with the client, he will create a comprehensive wealth management plan that is designed to address the many “life stages” which include: Educational Planning for children, Investment Management for all ages, Retirement Planning, and once retired, Income Distribution in the most tax efficient way.
Shawn grew up in Southern and Northern California. He is a graduate of St. Mary’s College in Moraga, CA with a degree in Business & Economics. Shawn and his wife, Angie, have resided in Pleasanton for the past 31 years. They have two sons, Chase and Braxton, and two cats, Gigi & Oscar.
Shawn is a member and distinguished Past President of the San Leandro Kiwanis Club. He is also an active member of the Pleasanton North Rotary Club. For the past 26 years, Shawn has helped with the Alameda County Special Olympics which is very near and dear to his heart. His hobbies include golf, fishing, hiking, traveling with his wife, and swimming.
His greatest satisfaction comes when his clients refer their children & grandchildren, as he strongly believes: “You can never be too young to start investing in the stock market”!
Shawn grew up in Southern and Northern California. He is a graduate of St. Mary’s College in Moraga, CA with a degree in Business & Economics. Shawn and his wife, Angie, have resided in Pleasanton for the past 31 years. They have two sons, Chase and Braxton, and two cats, Gigi & Oscar.
Shawn is a member and distinguished Past President of the San Leandro Kiwanis Club. He is also an active member of the Pleasanton North Rotary Club. For the past 26 years, Shawn has helped with the Alameda County Special Olympics which is very near and dear to his heart. His hobbies include golf, fishing, hiking, traveling with his wife, and swimming.
His greatest satisfaction comes when his clients refer their children & grandchildren, as he strongly believes: “You can never be too young to start investing in the stock market”!
Securities Agent: VA, TN, SC, MD, LA, IN, OH, NM, NE, NC, MI, AL, ID, RI, NV, NJ, ME, GA, MA, FL, PA, CT, CO, CA, DE, WA, MO, MN, KS, IL, AR, WI, OK, NY, AZ, NH, MT, WY, TX, OR; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1282897
CA Insurance License #: 0A82932
NMLS#: 1282897
CA Insurance License #: 0A82932
About Bryan Furlong
Bryan Furlong is a Senior Vice President, Wealth Advisor at Morgan Stanley with over 39 years of experience. He was born and raised in San Francisco and received his Bachelor of Science degree at the University of San Francisco.
Bryan’s philosophy is to be a good listener and get an understanding of his client’s needs, wants, and desires for their investments. He uses this information to put a strategy in place to help his clients work towards their financial goals. All the while making sure his clients understand exactly what their investments are doing and how they work. Having his clients trust and confidence is a top priority for Bryan.
When Bryan isn’t working hard for his clients, he loves to golf but wishes he was better at it. He has a love for collecting and tasting wine, and he is a big sports fan of Bay Area teams.
Bryan’s mantra is to try and always look at the glass half full, never half empty.
Bryan’s philosophy is to be a good listener and get an understanding of his client’s needs, wants, and desires for their investments. He uses this information to put a strategy in place to help his clients work towards their financial goals. All the while making sure his clients understand exactly what their investments are doing and how they work. Having his clients trust and confidence is a top priority for Bryan.
When Bryan isn’t working hard for his clients, he loves to golf but wishes he was better at it. He has a love for collecting and tasting wine, and he is a big sports fan of Bay Area teams.
Bryan’s mantra is to try and always look at the glass half full, never half empty.
Securities Agent: MT, AL, NE, VA, PA, NM, MA, IN, ID, AR, OK, CO, SC, NV, MN, TX, NJ, MD, HI, TN, RI, NY, NH, KS, GA, DC, OH, LA, WI, FL, CT, NC, IL, CA, MO, ME, WA, OR, MI, AZ, WY; General Securities Representative; Investment Advisor Representative
NMLS#: 1282808
NMLS#: 1282808
About Sherri L. Omdahl
With over 35+ years in the financial industry, Sherri Omdahl brings a unique perspective and expertise to her clients. She started with Morgan Stanley in July 1988 on the operational side of the business, first as a New Accounts Clerk, then as a Customer Service Associate. She believes this background gives her an advantage in efficiently servicing multiple clients’ needs and helping them navigate through their non-investment questions and issues.
Sherri received her Bachelor of Science degree in Business Administration with an option in Finance through California State University, Hayward in March, 1993.
Since March 1994, Sherri has been a Financial Advisor, being appointed First Vice President with the firm in 2017. In 2008, she received her CIMA (Certified Investment Management Analyst). She became certified as a Family Wealth Advisor in 2019. She is also has her insurance license and is registered with NMLS for home loan products. She continually updates her knowledge and skills with educational programs and seminars so she can provide her clients with the most current and appropriate solutions.
Sherri and her husband, Allan, have two grown children and six grandchildren. They have lived in Pleasanton for over 26 years, where they are involved with their church and the various activities their grandchildren pursue. Sherri regularly volunteers to lead events at Kids Against Hunger in Pleasanton and recently joined the Board Directors there. They also rescued a German Shepherd named Percy in 2022.
Sherri received her Bachelor of Science degree in Business Administration with an option in Finance through California State University, Hayward in March, 1993.
Since March 1994, Sherri has been a Financial Advisor, being appointed First Vice President with the firm in 2017. In 2008, she received her CIMA (Certified Investment Management Analyst). She became certified as a Family Wealth Advisor in 2019. She is also has her insurance license and is registered with NMLS for home loan products. She continually updates her knowledge and skills with educational programs and seminars so she can provide her clients with the most current and appropriate solutions.
Sherri and her husband, Allan, have two grown children and six grandchildren. They have lived in Pleasanton for over 26 years, where they are involved with their church and the various activities their grandchildren pursue. Sherri regularly volunteers to lead events at Kids Against Hunger in Pleasanton and recently joined the Board Directors there. They also rescued a German Shepherd named Percy in 2022.
Securities Agent: CA, NY, CO, OR, NV, NJ, RI, MO, MI, LA, AL, WY, TX, ME, MA, AR, TN, MT, IL, FL, NC, ID, GA, OH, MN, WA, PA, NH, NE, MD, DE, WI, UT, OK, AZ, VA, SC, NM, KS, IN; General Securities Representative; Investment Advisor Representative
NMLS#: 1298009
CA Insurance License #: 0C16784
NMLS#: 1298009
CA Insurance License #: 0C16784
About Chase Henley
Chase works with Bay Area families, executives, and professionals whose financial lives involve concentrated equity, complex compensation, and important planning decisions. His work focuses on investment management, financial planning, equity compensation and concentrated stock, and tax-aware wealth strategies coordinated with clients’ tax and legal advisors.
Chase was born and raised in Pleasanton, California and graduated from Amador Valley high school. He left for the east coast to attend Amherst College, a top-ranked liberal arts school in western Massachusetts, where he also played baseball. Chase graduated from Amherst College with a Bachelor of Arts degree in Statistics. Over the course of his four years in school, he was a member of a New England Small College Athletic Conference (NESCAC) championship team, three-time member of the NESCAC All-Academic team, and was elected into the U.S. national statistics honor society, Mu Sigma Rho.
In his free time, Chase loves being outside. His hobbies include hiking, fishing, and golfing. Chase is also a member of the Pleasanton North Rotary Club where he does volunteer work and gives back to his hometown community.
Chase was born and raised in Pleasanton, California and graduated from Amador Valley high school. He left for the east coast to attend Amherst College, a top-ranked liberal arts school in western Massachusetts, where he also played baseball. Chase graduated from Amherst College with a Bachelor of Arts degree in Statistics. Over the course of his four years in school, he was a member of a New England Small College Athletic Conference (NESCAC) championship team, three-time member of the NESCAC All-Academic team, and was elected into the U.S. national statistics honor society, Mu Sigma Rho.
In his free time, Chase loves being outside. His hobbies include hiking, fishing, and golfing. Chase is also a member of the Pleasanton North Rotary Club where he does volunteer work and gives back to his hometown community.
Securities Agent: HI, CT, WY, VA, IA, UT, NM, NJ, ME, CO, NC, IL, FL, AZ, TN, NV, IN, RI, PA, NH, MI, DC, AL, MO, GA, NE, MT, KS, WI, NY, LA, ID, DE, CA, OR, OH, MN, MA, AR, WA, TX, SC, OK, MD; General Securities Representative; Investment Advisor Representative
NMLS#: 1915550
CA Insurance License #: 4024332
NMLS#: 1915550
CA Insurance License #: 4024332
About Richard Huber
Securities Agent: NJ, WA, MA, NY, ME, VA, CO, CA, WI, OR, FL, TX, AZ, AR, MN, MI, NV, SC; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1279527
CA Insurance License #: CA 0A70530
NMLS#: 1279527
CA Insurance License #: CA 0A70530
About Cindy Suttio
Cindy joined Morgan Stanley in 2010 as a Senior Registered Client Service Associate and later transitioned to the role of Wealth Management Associate. She brings extensive domestic and international wealth management experience to the team. Cindy holds Series 7, Series 66, Series 9, and Series 10 registrations and contributes deep industry knowledge.
Outside of work, Cindy enjoys traveling, hiking, spending time with family, and trying new recipes.
Outside of work, Cindy enjoys traveling, hiking, spending time with family, and trying new recipes.
About Ami L. Schelin
Ami Schelin started as an intern for Morgan Stanley in 1997, inputting client, security and transaction information into a system that tracked realized gains and losses for clients of Sherri Omdahl. In January 2000, Ami was offered the full-time position of Client Service Associate and has flourished in her responsibilities which include customer service, quality control, organization of all paperwork, as well as correspondence, and many other day-to-day operational issues.
Ami received her Securities License in 2008, and with her experience and special training, was promoted to Portfolio Associate in 2017.
Outside from work Ami enjoys spending time with family and friends. She has coached Girls’ Volleyball since 1997. She also excels at spoiling her great nephews and niece, taking them to Disneyland as often as possible. She currently lives in Livermore.
Ami received her Securities License in 2008, and with her experience and special training, was promoted to Portfolio Associate in 2017.
Outside from work Ami enjoys spending time with family and friends. She has coached Girls’ Volleyball since 1997. She also excels at spoiling her great nephews and niece, taking them to Disneyland as often as possible. She currently lives in Livermore.
About Caroline Lopez
Caroline has over 7 years of consumer banking experience and began her career at JPMorgan Chase where she gained invaluable skills and knowledge and is committed to delivering unparalleled service. She has held many previous roles such as a Teller, Banker, Private Client Investment Associate, and most recently as a Relationship Manager. Passionate about giving back, Caroline is actively involved in the community and volunteers with Shepherd’s Gate. She enjoys spending lots of time with her family and her weekends are usually full of her son’s soccer games. She recently added a new member to her family, Lola, a Miniature Dachshund who is full of energy!
Contact Shawn Henley
Contact Bryan Furlong
Contact Sherri L. Omdahl
Contact Chase Henley
Contact Richard Huber
Hear From Our Clients
I want to express our gratitude to Chase Henley for setting up our financial portfolio.
Last year I received an inheritance and was unsure what to do with the money, Chase guided us through options to invest the funds. Chase analyzed our finances to determine when we could retire. This laid our fears to rest with an early retirement in the near future.
Chase has gained our trust and confidence and we will reach out to him for our future financial needs.
Lorraine
Verified ClientDecember 28, 2025
Our early retirement has been a terrific success thanks to Shawn and Chase. Their detailed risk analysis, financial strategy, and market research stood out during the advisor selection process. Communication and responsiveness have been excellent. Based on our experience of working with Shawn and Chase, we appreciate their consistent attention to detail and professionalism. We value their support as circumstances evolve.
Kris
Verified ClientJuly 9, 2026
Shawn has helped me plan for and navigate the financial aspects of retirement. He’s been key, making retirement issues easier, from income planning and IRA/RMDs, to coordinating with tax professionals on a tax-efficient portfolio. He and his team are always available. We review my plan regularly and adjust it as issues arise, like the larger ups and downs of the economy or personal needs like a new roof! Shawn has helped me be confident in my financial future.
Toni
Verified ClientJuly 7, 2026
I've known Shawn for 20 years and can't speak highly enough of him. He's exhibited a genuine commitment to me in helping me reach my financial goals. He patiently explains strategies in a way that's easy to understand and always keeps my best interests front and center. I know I can count on him to offer sound advice backed by research and experience. He's also a great family man and someone who gives back to the community.
Carol
Verified ClientJune 29, 2026
Testimonial(s) solicited by Morgan Stanley and provided by current client(s) at the time of publication. No compensation of any kind was provided in exchange for the client testimonial(s) presented. Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.
5285589 3/2026
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
Cindy W. Lee
Private Banker
About Cindy W. Lee
Cindy Lee is a Private Banker serving Morgan Stanley Wealth Management offices in California.
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.
Cindy began her career in financial services in 1996 and joined Morgan Stanley in 2022. Prior to joining the firm, she was a Custom Residential
Real Estate Specialist at Bank of America/Merrill Lynch where she also served as a Wealth Management Banker and Financial Advisor.
Cindy is a graduate of San Francisco State University, where she received a Bachelor of Science in Business Management. She resides in the Bay Area with her family. Outside of the office, Cindy dedicates time to volunteering, enjoys traveling, reading, watching sports and spending time with family and friends.
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.
Cindy began her career in financial services in 1996 and joined Morgan Stanley in 2022. Prior to joining the firm, she was a Custom Residential
Real Estate Specialist at Bank of America/Merrill Lynch where she also served as a Wealth Management Banker and Financial Advisor.
Cindy is a graduate of San Francisco State University, where she received a Bachelor of Science in Business Management. She resides in the Bay Area with her family. Outside of the office, Cindy dedicates time to volunteering, enjoys traveling, reading, watching sports and spending time with family and friends.
NMLS#: 637460
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
Wealth Management
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Portfolio Insights
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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
Know What to Do if You Think You've Been Hacked
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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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 Tri-Valley Group today.
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.
1Morgan 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.
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.
4Morgan 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
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Investors 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.
8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
9Morgan Stanley Smith Barney LLC (“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.
10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
11Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan 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.
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.
4Morgan 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
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Investors 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.
8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
9Morgan Stanley Smith Barney LLC (“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.
10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
11Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Testimonial(s) solicited by Morgan Stanley and provided by current client(s) at the time of publication. No compensation of any kind was provided in exchange for the client testimonial(s) presented. Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 4763067 (9/2025), 5378280 (5/2026)
