Sarah Dellolio
Senior Registered Associate
Phone:
(561) 776-6477(561) 776-6477
Stephanie Waldrop, CRPS®
Senior Vice President,
Financial Advisor,
Global Sports and Entertainment Director,
Alternative Investments Director,
Senior Portfolio Management Director,
Financial Planning Specialist,
Chartered Retirement Plans Specialist,
NFLPA Registered Institutional Player Financial Advisor
Direct:
(561) 694-7027(561) 694-7027
Toll-Free:
(800) 327-6187(800) 327-6187
My Mission Statement
Providing you with guidance and knowledge, bringing clarity to markets so you can invest with confidence.
Welcome
A partner of The Evergreen 21 Group, Stephanie Waldrop brings over 16 years of advisory experience to a select group of high-net-worth and ultra high-net-worth individuals and families. She focuses on bespoke strategic investment planning, including portfolio management and complex tax and estate planning strategy. Stephanie additionally advises institutional clients on 401(K) and defined benefit retirement plan optimization. Her tailored client approach has resulted in consistent recognition on the Forbes Top Next-Gen Wealth Advisors Best-In-State list from 2022 to 2025, and the Forbes Top Women Wealth Advisors Best-In-State list from 2023 to 2025.
Stephanie earned a Bachelor of Science degree from Florida State University, where she majored in Entrepreneurship and Small Business Management. She began her career at Smith Barney, which later became part of Morgan Stanley. An active member of Florida’s Palm Beach community, Stephanie has served on numerous boards and committees, including SunFest Music Festival, PBNCC Small Business Advisory Council, the Leukemia & Lymphoma Society, and is a member of the Leadership Palm Beach County Class of 2012.
Stephanie enjoys traveling, reading, and snowboarding, among other outdoor activities. Stephanie splits her time between Palm Beach and Mobile, Alabama, where her fiancée Will is serving in the US Coast Guard.
Source: Forbes.com (Awarded 2022-2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Source: Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Sept of year prior to the issuance of the award.
Stephanie earned a Bachelor of Science degree from Florida State University, where she majored in Entrepreneurship and Small Business Management. She began her career at Smith Barney, which later became part of Morgan Stanley. An active member of Florida’s Palm Beach community, Stephanie has served on numerous boards and committees, including SunFest Music Festival, PBNCC Small Business Advisory Council, the Leukemia & Lymphoma Society, and is a member of the Leadership Palm Beach County Class of 2012.
Stephanie enjoys traveling, reading, and snowboarding, among other outdoor activities. Stephanie splits her time between Palm Beach and Mobile, Alabama, where her fiancée Will is serving in the US Coast Guard.
Source: Forbes.com (Awarded 2022-2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Source: Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Sept of year prior to the issuance of the award.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Retirement PlanningFootnote3
- Portfolio Management
- Alternative InvestmentsFootnote4
- Qualified Retirement PlansFootnote5
- 401(k) Rollovers
- Corporate Pension Plans
- Institutional ServicesFootnote6
- Trust AccountsFootnote7
- Cash Management and Lending ProductsFootnote8
- Life InsuranceFootnote9
- Long-term Care InsuranceFootnote10
Securities Agent: WI, PA, WY, VA, TX, NY, LA, DE, WA, NC, MA, CO, NV, MD, KY, HI, SC, ME, IL, AL, OH, ID, AR, MN, MI, GA, FL, NH, MO, IA, CA, TN, RI, IN, DC, AZ, NE, UT, OR, CT, NJ; General Securities Representative; Investment Advisor Representative
NMLS#: 1290464
NMLS#: 1290464
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
My Clients
- Find the appropriate investment bank and buyer.
- Create the most tax efficient plan prior to a potential sale, including the implementation of trust and estate strategies.
- Evaluate the various options for generating liquidity.
- Consider all relevant non-financial issues prior to transaction.
- Collaborate with other professional advisors including agents, lawyers, and CPAs.
- Create bespoke financial plan tailored to unique career and lifestyle needs.
- Protect the brand & business via legal structures, i.e. limited liability companies (LLC).
- Develop strategies for charitable giving and philanthropy.
- Review NIL (Name, Image, and Likeness) opportunities.
- Provide education on financial literacy to empower investment decision making.
- Determine the best strategy for the sale of company stock (i.e., 10b5-1 plans) and various types of stock options.
- Diversify concentrated company stock positions in the most efficient manner (i.e. Exchange Funds).
- Manage the risk of a concentrated position using put/call options as well as option collar strategies.
- Extensive discovery regarding risk tolerance and cash flow analysis.
- Provide rigorous oversight using 3rd party monitoring of portfolios to ensure compliance with investment policies.
- Develop a repeatable and transparent investment process.
- Share best practices with management, board of directors, and trustees.
- Institutional quality investment access and thought collaboration across the whole portfolio.
- Improve reporting and transparency, including data aggregation, risk and portfolio analytics, and investment execution support.
- Access to specialized services, including wealth educational development, philanthropy management, trust and estate professionals, and travel and concierge services.
Business Owners
The goal is to help business owners and entrepreneurs develop the best strategy for monetizing a private business – considering price, timing, taxes, and reinvestment opportunities.
Our Capabilities:
Sports Professionals
The goal is empowerment. As members of the Morgan Stanley Global Sports & Entertainment division, we have advanced experience and tailored resources to help sports executives, NFL & NCAA coaches, and athletes manage their wealth, build their brand, and utilize income strategies to develop their financial plan.
Our Capabilities:
Executives
The goal is to help corporate executives, make optimal decisions from a tax and risk perspective regarding the management of company stock, options, and other forms of executive compensation.
Our Capabilities:
Institutions
The goal is to help institutions, including foundations, endowments, and qualified plans, build an investment portfolio that serves the institution's mission. We help create processes centered on good governance and assist with the construction of investment policy statements and relevant spending policies.
Our Capabilities:
Single Family Offices
The goal is to assist and complement the family office infrastructure and provide access to investment advice, wealth and operational support, and subject matter expertise across a variety of topics important to managing significant wealth. While these families vary in size, complexity, and objectives, they share common challenges centered upon simplification of their financial and personal lives.
Our Capabilities:
Achievements & Accolades
Forbes Top Women Wealth Advisors Best-In-State (2023-2025)
Source: Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Sept of year prior to the issuance of the award.
Best-In-State Women AdvisorsForbes Top Next-Gen Wealth Advisors Best-in-State (2022-2025)
Source: Forbes.com (Awarded 2022, 2023, 2024, & 2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Top Next-Gen Wealth Advisors
Forbes Magazine Featured Article - Prestigious Women in Business South Florida Aug/Sept 2024 Issue
Forbes Magazine Featured Article - Prestigious Women in Business South Florida Edition
Read Here
Global Sports & Entertainment Director
The Global Sports & Entertainment Director designation enables Morgan Stanley advisors to deliver a suite of tailor-made solutions for Global Sports & Entertainment (GSE) clients.
Alternative Investments Director
The Alternative Investments Director designation positions advisors to provide valuable guidance and insights into alternative asset classes and Morgan Stanley’s differentiated strategies available to eligible clients.
Chartered Retirement Plans Specialist (SM)
The Chartered Retirement Plans Specialist (CRPS) designation is specifically targeted at professionals who design, install, and maintain retirement plans for the business community.
Senior Portfolio Management Director (SPMD)
The Senior Portfolio Management Director designation is specifically targeted to advisors based on strong compliance record and suitable investment discipline, allowing for the design and implementation of discretionary portfolio management services to clients.
NFLPA Registered Institutional Player Financial Advisor
The NFLPA Registered Institutional Player Financial Advisor designation allows an advisor to provide a range of service offerings that meet the unique needs of NFL players and agents.
Financial Planning Specialist
Financial Planning Specialists provide comprehensive financial planning services to clients. These specialists are responsible for assessing clients' financial situations, understanding their goals, and developing tailored strategies to help them achieve their financial objectives. This may include investment planning, retirement planning, tax strategies, estate planning, and risk management.
The Century Club
Morgan's Stanley Century Club is an internal recognition program that honors top-advisors in the top 100 or top percentile based on production, client assets, or growth metrics.
Resource Hub
Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
Register for Morgan Stanley Online Today
Digital Vault
Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
Get Started Today
eAuthorizations
Did you know you can approve transactions online securely? Make life simpler by using this tool.
Learn More
2024 Tax Tables
This year's tax tables are out! Take a look and see if any of the changes might affect you in the coming tax season.
Learn More
Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential and help keep more of what you earn.
Learn More
Financial Planning
Morgan Stanley Financial Planning can show you a single, comprehensive snapshot of your finances. We can help you create a wealth plan that’s adaptable to the different stages of your life using our award winning tools- Goals Planning System (GPS) and LifeView.
Morgan Stanley Goals-Based Wealth Management
Global Investment Office
The Morgan Stanley Global Investment Office provides you with world-class thought leadership timely market commentary, and portfolio ideas to help guide your investment decisions.
Morgan Stanley Portfolio Insights
Alternative Investments
Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income—while maintaining a goals-based approach for asset allocation.
Morgan Stanley Alternative Investments
529 Education Savings Plans
529 plans offer a flexible, tax-advantaged way to invest for education expenses while helping to improve estate planning. Gain fiduciary oversight of your education funding strategy within the context of your broader portfolio through the exclusive Morgan Stanley National Advisory 529 Plan.
529 Plan Options at Morgan Stanley
Total Wealth View
By uploading your financial data from outside Morgan Stanley, we can help you see a more complete picture and assess risk like nobody else can. In conjunction with the Aladdin Portfolio Risk Platform, your advisor can manage your complete picture in one simple location.
Learn More
Portfolio Risk Platform
Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
Portfolio Risk Platform
A Woman's Guide to Life & Money
Women face a unique set of financial challenges that are not always easy to navigate. We understand the empowerment of education and guidance when it comes to the rough tides of life. If you are educated, you too can empower others to act in their best interests and become the best version of themselves.
This guide will aid you whether you need to buy a home, pay for college, work through a divorce, or maybe just give back to a great cause you care about.
Read MoreThis guide will aid you whether you need to buy a home, pay for college, work through a divorce, or maybe just give back to a great cause you care about.
Millennial's Guide to Money
Young adults and their parents alike will find this useful guide to managing money early on. Avoid common pitfalls and set yourself (or your loved ones) up for success by clicking the link below.
Learn MoreLocation
777 S Flagler Drive
Suite 700E
West Palm Beach, FL 33401
US
Direct:
(561) 694-7027(561) 694-7027
Toll-Free:
(800) 327-6187(800) 327-6187
Fax:
(561) 627-2858(561) 627-2858
Meet My Team
About Sarah Dellolio
Sarah brings over 25 years of experience in the financial services industry. She responsible for the day-to-day operations, administration, and most importantly client service of our practice. Originally from Louisville, KY, Sarah and her son now reside in Palm Beach Gardens, FL. An avid sports fan, she enjoys supporting the Boston College and New England Patriots football teams.
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
Frank Hammad
Private Banker
About Frank Hammad
Frank Hammad is a Private Banker serving Morgan Stanley Wealth Management offices in Florida.
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.
Frank began his career in financial services in 2000 and joined Morgan Stanley in 2010 as a Commercial Real Estate Banker. Prior to joining the firm, he was a Commercial Real Estate Banker at BB&T.
Frank is a graduate of the University of Miami, where he received a Bachelor of Business Administration in International Marketing and Business Management, and Nova Southeastern University, where he received his Master’s in International Business Administration. He lives in Plantation, Florida with his family. Outside of the office, he enjoys football and hockey.
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.
Frank began his career in financial services in 2000 and joined Morgan Stanley in 2010 as a Commercial Real Estate Banker. Prior to joining the firm, he was a Commercial Real Estate Banker at BB&T.
Frank is a graduate of the University of Miami, where he received a Bachelor of Business Administration in International Marketing and Business Management, and Nova Southeastern University, where he received his Master’s in International Business Administration. He lives in Plantation, Florida with his family. Outside of the office, he enjoys football and hockey.
NMLS#: 798426
Private Bankers, Ultra High Net Worth ("UHNW") Specialists, PBG Market Managers, Lending Advisors, Mortgage Consultants, Regional Mortgage Specialist, Cash Management Specialists, 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
Global Investment Office
Portfolio Insights
Wealth Management for Athletes and Entertainers
Understanding the unique financial challenges of athletes and entertainers and how they differ from one profession to the next, we deliver the experience and resources you need to help create and implement a comprehensive, multigenerational wealth management plan based on your needs, values and aspirations.
- Investment Management
- Wealth Transfer & Philanthropy
- Private Banking Solutions
- Family Governance & Wealth Education
- Lifestyle Advisory
Ready to start a conversation? Contact Stephanie Waldrop today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
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.
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.
4Alternative 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.
5When 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Morgan Stanley Smith Barney LLC 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
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque 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 | Morgan Stanley
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.
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.
4Alternative 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.
5When 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Morgan Stanley Smith Barney LLC 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
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque 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 | Morgan Stanley
CRC 4665150 (8/2025)
