Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager, Workplace Advisor – Equity Compensation, Lending Specialist
Silicon Valley Acorn at Morgan Stanley
Direct:
(650) 358-1826(650) 358-1826
Our Mission Statement
Helping executives, early employees, entrepreneurs and their families navigate the financial complexity of success to realize their full potential.
Our Story and Services
Your drive and determination have fueled your trajectory of success. The wealth you have earned along the way is not just a measure of your accomplishments, it is a means of achieving the future you envision for yourself and your family.
At The Silicon Valley Acorn Group, we understand the sweat and sacrifice that has gotten you to where you are today. We are committed to helping you not only preserve what you’ve built, but also plan for your next adventure, ambition or aspiration. As a financial advisory team consisting of a man and woman, and one of us being a CERTIFIED FINANICAL PLANNER™ professional, we lead with empathy and believe in a relationship-driven, planning-forward approach to wealth management.
Like you, our strength lies in our diversity. Each of us brings a different perspective and our unique mix of pragmatism, compassion, attention to detail, and big picture thinking helps ensure the advice and guidance we offer is balanced and aligned with your best interests.
Your time is a precious asset and, with so many demands on it, you may have little to spare for untangling the complexities and nuances of your finances. We are here to manage the many facets of your financial life, to help bring clarity to your decision-making and simplify wealth management.
Like everything we do, choosing the acorn as our symbol was the result of careful thought and deliberation. Appearing only on trees that have survived for 20 to 50 years, acorns symbolize patience and perseverance. They represent unlimited potential, each containing within it all that is needed to transform into a mighty oak, which is associated with strength, stability and longevity—the qualities we strive to bring to your financial life.
AWARDS AND RECOGNITIONS:
1. Forbes Top Women Wealth Advisors Best-In-State 2025 (Catherine DePuy)
2. Forbes Best-In-State Wealth Management Teams 2025 (Team)
3. Forbes Best-In-State Wealth Management Teams 2024 (Team)
4. San Francisco Five Star Wealth Manager 2024 (Catherine DePuy)
5. San Francisco Five Star Wealth Manager 2024 (Josh Fong)
6. San Francisco Five Star Wealth Manager 2023 (Catherine DePuy)
7. San Francisco Five Star Wealth Manager 2022 (Catherine DePuy)
8. San Francisco Five Star Wealth Manager 2021 (Catherine DePuy)
9. San Francisco Five Star Wealth Manager 2020 (Catherine DePuy)
10. San Francisco Five Star Wealth Manager 2018 (Catherine DePuy)
11. San Francisco Five Star Wealth Manager 2017 (Catherine DePuy)
12. San Francisco Five Star Wealth Manager 2016 (Catherine DePuy)
13. San Francisco Five Star Wealth Manager 2015 (Catherine DePuy)
*DISCLOSURES:
1. Forbes Top Women Wealth Advisors Best-In-State Source Forbes (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24.
2. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based on time period from 3/31/23 – 3/31/24.
3. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2024). Data compiled by SHOOK Research LLC based on time period from 3/31/22 – 3/31/23.
4. This award was issued in 2024. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/24 through 8/30/24.
5. This award was issued in 2024. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/24 through 8/30/24.
6. This award was issued in 2023. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/23 through 8/31/23.
7. This award was issued in 2022. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 3/7/2022 through 9/2/2022.
8. This award was issued in 2021. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 02/8/2021 through 09/10/2021.
9. This award was issued in 2020. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/2/2020 through 09/25/2020.
10. This award was issued in 2018. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/12/2018 through 09/28/2018.
11. This award was issued in 2017. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/9/2017 through 09/27/2017.
12. This award was issued in 2016. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 04/22/2016 through 09/30/2016.
13. This award was issued in 2015. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 05/7/2015 through 10/5/2015.
At The Silicon Valley Acorn Group, we understand the sweat and sacrifice that has gotten you to where you are today. We are committed to helping you not only preserve what you’ve built, but also plan for your next adventure, ambition or aspiration. As a financial advisory team consisting of a man and woman, and one of us being a CERTIFIED FINANICAL PLANNER™ professional, we lead with empathy and believe in a relationship-driven, planning-forward approach to wealth management.
Like you, our strength lies in our diversity. Each of us brings a different perspective and our unique mix of pragmatism, compassion, attention to detail, and big picture thinking helps ensure the advice and guidance we offer is balanced and aligned with your best interests.
Your time is a precious asset and, with so many demands on it, you may have little to spare for untangling the complexities and nuances of your finances. We are here to manage the many facets of your financial life, to help bring clarity to your decision-making and simplify wealth management.
Like everything we do, choosing the acorn as our symbol was the result of careful thought and deliberation. Appearing only on trees that have survived for 20 to 50 years, acorns symbolize patience and perseverance. They represent unlimited potential, each containing within it all that is needed to transform into a mighty oak, which is associated with strength, stability and longevity—the qualities we strive to bring to your financial life.
AWARDS AND RECOGNITIONS:
1. Forbes Top Women Wealth Advisors Best-In-State 2025 (Catherine DePuy)
2. Forbes Best-In-State Wealth Management Teams 2025 (Team)
3. Forbes Best-In-State Wealth Management Teams 2024 (Team)
4. San Francisco Five Star Wealth Manager 2024 (Catherine DePuy)
5. San Francisco Five Star Wealth Manager 2024 (Josh Fong)
6. San Francisco Five Star Wealth Manager 2023 (Catherine DePuy)
7. San Francisco Five Star Wealth Manager 2022 (Catherine DePuy)
8. San Francisco Five Star Wealth Manager 2021 (Catherine DePuy)
9. San Francisco Five Star Wealth Manager 2020 (Catherine DePuy)
10. San Francisco Five Star Wealth Manager 2018 (Catherine DePuy)
11. San Francisco Five Star Wealth Manager 2017 (Catherine DePuy)
12. San Francisco Five Star Wealth Manager 2016 (Catherine DePuy)
13. San Francisco Five Star Wealth Manager 2015 (Catherine DePuy)
*DISCLOSURES:
1. Forbes Top Women Wealth Advisors Best-In-State Source Forbes (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24.
2. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based on time period from 3/31/23 – 3/31/24.
3. Forbes Best-In-State Wealth Management Teams - Source: Forbes (Awarded Jan 2024). Data compiled by SHOOK Research LLC based on time period from 3/31/22 – 3/31/23.
4. This award was issued in 2024. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/24 through 8/30/24.
5. This award was issued in 2024. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/24 through 8/30/24.
6. This award was issued in 2023. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 2/13/23 through 8/31/23.
7. This award was issued in 2022. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 3/7/2022 through 9/2/2022.
8. This award was issued in 2021. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 02/8/2021 through 09/10/2021.
9. This award was issued in 2020. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/2/2020 through 09/25/2020.
10. This award was issued in 2018. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/12/2018 through 09/28/2018.
11. This award was issued in 2017. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 03/9/2017 through 09/27/2017.
12. This award was issued in 2016. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 04/22/2016 through 09/30/2016.
13. This award was issued in 2015. The award was determined based on an evaluation process conducted by Five Star Professional based on objective criteria from 05/7/2015 through 10/5/2015.
Services Include
- Financial PlanningFootnote1
- Wealth PlanningFootnote2
- Estate Planning StrategiesFootnote3
- Stock Plan ServicesFootnote4
- Stock Option PlansFootnote5
- Planning for Education FundingFootnote6
- 529 PlansFootnote7
- Retirement PlanningFootnote8
- Cash Management and Lending ProductsFootnote9
- Fixed IncomeFootnote10
- Structured ProductsFootnote11
- Wealth ManagementFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
The decisions you make around your company stock and options are among the most important financial decisions you will ever make. The process can be complicated, and you may be faced with questions such as:
• What type of stock and options do I have?
• How do I maximize the value of my equity compensation?
• What are the tax implications of my company stock and options?
• What happens if I leave the company?
• How can I turn my company equity into something that brings me joy?
• How do I maximize the value of my equity compensation?
• What are the tax implications of my company stock and options?
• What happens if I leave the company?
• How can I turn my company equity into something that brings me joy?
How we can help?
We help you understand what you have and present you with insight and analysis to educate and empower each of your financial decisions. We cover all aspects of stock plans, non-qualified stock options (NQSO), incentive stock options (ISO), restricted stock and restricted stock units (RSU)—as well as the tax implications and intricacies associated with each. The depth of our knowledge and experience in this area has helped pave the way to our becoming one of the leading reinvestment stock plan teams at Morgan Stanley.
Learn More About What You Can Expect During Your Equity Award Analysis
Tax Efficient Strategies
As your wealth grows, so does the importance of tax efficiency. What you keep matters just as much as what you earn. As you think about making tax-efficiency part of your wealth management and investing strategy, you may be wondering:
• How can I make my portfolio more tax-efficient?
• Which is the most tax-appropriate account for putting my cash and investments in?
• What is tax loss harvesting?
• How will my future tax bracket affect the decisions I’m making now?
• Should I rebalance my portfolio?
• How do tax efficient strategies affect my estate or charitable planning?
Tax Efficient Strategies and Investing• How can I make my portfolio more tax-efficient?
• Which is the most tax-appropriate account for putting my cash and investments in?
• What is tax loss harvesting?
• How will my future tax bracket affect the decisions I’m making now?
• Should I rebalance my portfolio?
• How do tax efficient strategies affect my estate or charitable planning?
Why Us?
As part of a highly trained group of Morgan Stanley advisors we have the tools and capabilities to help solve this complicated issues, and we are positive that we can help you plan for whatever needs you may have in your life.
The CFP® Professional - The SV Acorn Group
Individuals certified by the CFP® Board have taken the extra steps to demonstrate commitment and professionalism by voluntarily submitted to the rigorous CFP® certification process that includes demanding education, examination, experience, and ethical requirements. These four cornerstones set the foundation for the CFP® professional's ability in helping clients achieve their goals. Here at the SV Acorn Group, Catherine DePuy holds the CFP® designations, meaning that we have a diverse skillset in order to help any clients with their financial life. See below for more information about the CFP® designation and how we can help.
Education
The CFP® professional must develop theoretical and practical financial planning knowledge by completing 2 - 3 years of comprehensive coursework at an institution of higher learning approved by the CFP® Board. Once obtaining the CFP® trademark, their education does not stop, as continued education is part of the recertification process.
Examination
The CFP® professional must pass the 7 hour comprehensive Certification Exam, which tests abilities to apply financial planning knowledge to real-life situations. The exam covers the financial planning process, tax planning, employee benefits and retirement planning, estate planning, investment management, and insurance.
Experience
All CFP® professionals are required to complete several years of experience related to financial planning services prior to earning the right to use the CFP® trademarks.
Ethics
The CFP® professional is obligated to uphold the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism, and diligence as outlined in the CFP® Board's Code of Ethics. The Rules of Conduct require the CFP® professional to put the client's interest first in all situations.
We are Morgan Stanley Women Without any Limits
We are a women-led group that loves to empower women who find themselves in decision making roles. Whether that be a mother or single woman, widow, or divorcee, or a happily married woman in charge of their finances, we want to assist you in education, resources, and planning to help you to control all things financial.
Podcast Series: Come In, Lets Talk
In this series, top women of Wall Street invite you into their offices--and tell you exactly what it took to get there. Come In, Let’s Talk features senior executives at Morgan Stanley, who candidly share their personal experiences overcoming the challenges women face while climbing the ranks. These practical, surprising and hope-filled conversations offer inspiration and guidance for any one aspiring to a senior leadership position, and are essential listening for the ambitious everywhere.
Listen to Season 1 of Come In, Let's Talk
Women and Wealth: Planning for Your Financial Future
Armed with education and a plan, women can feel more confident about their financial goals and how they’ll achieve them. This article talks about many ways women can plan and set their financial goals, as well as prepare for the expected and unexpected.
Learn More
Launching of Morgan Stanley's Next Level Fund
Morgan Stanley, along with Hearst, Microsoft, and Walmart, have begun a fund that seeks to invest in early stage tech companies that are heavily dedicated to diversification of gender and race throughout all levels of their leadership.
Learn more about the "Fund"
A Guide for Women after Divorce or Death of a Spouse
Financial planning after a divorce or death can be trying, but with the right approach and the right advice you can turn a difficult situation into empowerment.
Learn MoreLocation
2775 Sand Hill Road
Suite 120
Menlo Park, CA 94025
US
Direct:
(650) 358-1826(650) 358-1826
411 Borel Ave
Suite. 220
San Mateo, CA 94402
US
Meet Silicon Valley Acorn
Joshua Fong
Financial Advisor
Phone:
(650) 358-1806(650) 358-1806
Mike Lam
Wealth Management Associate
Phone:
(617) 981-5628(617) 981-5628
About Catherine DePuy
With more than 25 years of experience in the financial services industry, Catherine is dedicated to helping clients understand and manage complex wealth. By taking the time to understand each client’s unique financial situation and personal aspirations, she assists clients in creating integrated wealth management strategies that are tailored to their goals. Many of her clients are corporate executives seeking to diversify equity compensation in the context of their full financial picture. As an International Client Advisor, Catherine is also well-versed in foreign exchange transactions and financial and estate planning strategies for international clients. She strives to earn her clients’ trust and confidence by delivering education, a high level of personalized service and transparent communication.
Catherine began her career as a Senior Research Analyst at Morgan Stanley in 1991. Prior to re-joining Morgan Stanley in 2010, Catherine served in two positions as Vice President of Equity Research, first at Josephthal, Lyon and Ross and then at The Buckingham Research Group. These experiences contributed to her deep understanding of market movements and their impact on investment management in different economic environments.
Born in New York, Catherine earned her Bachelor of Science degree in Business Administration from Boston University, where she is a member of the Alumni Association. She currently resides in Redwood City with her three children and their English Bulldog. She has served on the board of the Burlingame Mother’s Club, United Methodist Church Nursery School and Ladera Community Association. In her spare time, she is actively involved in her kids’ school and sports activities.
Catherine began her career as a Senior Research Analyst at Morgan Stanley in 1991. Prior to re-joining Morgan Stanley in 2010, Catherine served in two positions as Vice President of Equity Research, first at Josephthal, Lyon and Ross and then at The Buckingham Research Group. These experiences contributed to her deep understanding of market movements and their impact on investment management in different economic environments.
Born in New York, Catherine earned her Bachelor of Science degree in Business Administration from Boston University, where she is a member of the Alumni Association. She currently resides in Redwood City with her three children and their English Bulldog. She has served on the board of the Burlingame Mother’s Club, United Methodist Church Nursery School and Ladera Community Association. In her spare time, she is actively involved in her kids’ school and sports activities.
Securities Agent: WI, NJ, HI, GA, CO, OR, MO, MA, FL, WY, PA, NY, NM, IL, DE, DC, TX, TN, SC, PR, SD, MD, ID, VA, OH, NV, NC, WA, KY, UT, NH, MI, IN, CA, AZ, MT, MN, CT; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1265106
CA Insurance License #: 0F49491
NMLS#: 1265106
CA Insurance License #: 0F49491
About Joshua Fong
Josh brings more than 4 years of experience in helping clients understand, manage, and protect their hard-earned wealth while pursuing their most important professional and professional goals. Driven by his strong work ethic and deep commitment to continual learning, Josh is dedicated to building long-term relationships and delivering exceptional service. Many of his clients are busy executives, early employees, and entrepreneurs who appreciate the value of advice and seek out the support of a professional to streamline their financial lives. As an Equity Plan Specialist, Josh focuses on working with these individuals and families to diversify equity compensation and help support achievement of their longer-term financial planning goals.
Josh began his career at Morgan Stanley in 2019 and joined the Silicon Valley Acorn group shortly thereafter. Prior to joining the firm, he worked in his family’s hospitality business, where he learned about the challenges and opportunities of entrepreneurship and the importance of attentive, white-glove service.
Outside of the office, Josh enjoys exploring the food scene, collecting sports and music memorabilia, and watching sports—from baseball and European football to Formula 1 racing. He also likes going for runs with his Australian shepherd, Jovi.
Josh began his career at Morgan Stanley in 2019 and joined the Silicon Valley Acorn group shortly thereafter. Prior to joining the firm, he worked in his family’s hospitality business, where he learned about the challenges and opportunities of entrepreneurship and the importance of attentive, white-glove service.
Outside of the office, Josh enjoys exploring the food scene, collecting sports and music memorabilia, and watching sports—from baseball and European football to Formula 1 racing. He also likes going for runs with his Australian shepherd, Jovi.
Securities Agent: AL, WA, AR, AZ, NJ, WI, VI, VA, WV, WY, UT, VT, NM, TX, TN, RI, PA, OK, SC, OH, NY, SD, NV, NH, NE, PR, OR, ND, MT, MO, ID, MD, KY, KS, ME, CO, IN, IL, MI, MN, IA, MA, HI, GA, MS, FL, DE, NC, DC, CT, LA, CA, AK; General Securities Representative; Investment Advisor Representative
NMLS#: 1928509
NMLS#: 1928509
About Mike Lam
With more than 17 years of financial industry experience, Mike focuses on fulfilling the administrative and customer service needs of all of our clients, ensuring a smooth and seamless experience. He started his career with Smith Barney in 2005 and has worked in various positions with multiple firms, gaining valuable exposure to all aspects of operations.
Mike earned Bachelor of Science in Business Administration from San Francisco University and holds Series 7 and 66 licenses. Mike lives in South San Francisco with his wife and enjoys trying new restaurants and planning the next travel adventure with her.
Mike earned Bachelor of Science in Business Administration from San Francisco University and holds Series 7 and 66 licenses. Mike lives in South San Francisco with his wife and enjoys trying new restaurants and planning the next travel adventure with her.
Contact Catherine DePuy
Contact Joshua Fong
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
Sydney Milewski
Planning Associate
About Sydney Milewski
Sydney is a Planning Associate at Morgan Stanley providing dedicated financial planning support to Financial Advisors and their teams. Operating as an extension of the FA/Team, she collaborates with clients to discover and define goals that matter most to them. Leveraging state of the art technology, she will evaluate various options and their potential outcomes to help clients confidently choose the appropriate course of action. Sydney provides expertise across a wide suite of Morgan Stanley planning tools designed to assist in the areas of investment accumulation, retirement, education, major purchase, cash flow, risk management, tax efficiency, and wealth transfer planning.
She earned her undergraduate degree from the University of California, Santa Barbara and received the Financial Planning Specialist® designation from the College for Financial Planning. Sydney is originally from Los Angeles, CA and currently resides in New York, NY.
She earned her undergraduate degree from the University of California, Santa Barbara and received the Financial Planning Specialist® designation from the College for Financial Planning. Sydney is originally from Los Angeles, CA and currently resides in New York, NY.
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
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
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
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
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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 Silicon Valley Acorn 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 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 offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan 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.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
6When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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.
8When 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.
9Morgan 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
10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
11Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
12Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
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 offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan 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.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
6When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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.
8When 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.
9Morgan 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
10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
11Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
12Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)
