Laura M. Arntson
Wealth Management Associate
Phone:
(651) 215-8458(651) 215-8458
Steven A Madden, CFP®
Senior Vice President, Wealth Management,
Financial Advisor,
Portfolio Management Director,
Alternative Investments Director,
Financial Planning Specialist
Direct:
(651) 215-8438(651) 215-8438
Toll-Free:
(800) 421-0018(800) 421-0018
My Mission Statement
To help our clients achieve confidence and comfort in their financial life so they can leave a legacy of prosperity for generations to come.
About Me
Steve Madden is a Senior Vice President and Financial Advisor. He has over 20 years of personal wealth management experience and holds Certified Financial Planner™ (CFP®), Portfolio Management Director, Alternative Investments Director, and Financial Planning Specialist designations. Steve started his career with Smith Barney in 2003 and has been with Morgan Stanley Wealth Management since the two firms merged in 2009.
Steve's successful wealth management practice is distinguished by his analytical approach and commitment to client education. He formulates actionable plans using a systematic process, thoroughly understanding each client's financial position, objectives, and risk tolerance. Using the firm's modern tools and analytics, Steve tailors strategies for each client, offering a clear path to their financial goals. Scheduled monthly / quarterly clients calls are used to discuss plan performance and examine investment opportunities.
The Rice Park Group believes it is important to look beyond the traditional asset classes of stocks and bonds to include alternative investments including real estate, private debt, and equity. Morgan Stanley provides access to the premier alternative investment solutions in the industry, and the team utilizes their insight in alternatives to increase diversification and enhance returns in client portfolios.
Steve received a Bachelor of Science in Mechanical Engineering from Iowa State University. Prior to his career in finance, he worked for 5 years in consulting overseeing projects in a diverse set of companies including oil shipping, internet commerce, Fortune 500, and tech startups.
Beyond his professional endeavors, Steve finds joy in family life in Eagan with his wife Alissa, their two children, Jack and Olivia, and their dog Buster. Jack and Olivia both attend The University of Minnesota, Twin Cities. Jack is majoring in Finance and Data Analytics at The Carlson School of Management, while Olivia plans to study Communications and Spanish at The College of Liberal Arts. The family enjoys boating on the St. Croix River during summers, particularly wakeboarding and wake surfing. They also love to travel both domestically and internationally.
Disclosures
The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
Steve's successful wealth management practice is distinguished by his analytical approach and commitment to client education. He formulates actionable plans using a systematic process, thoroughly understanding each client's financial position, objectives, and risk tolerance. Using the firm's modern tools and analytics, Steve tailors strategies for each client, offering a clear path to their financial goals. Scheduled monthly / quarterly clients calls are used to discuss plan performance and examine investment opportunities.
The Rice Park Group believes it is important to look beyond the traditional asset classes of stocks and bonds to include alternative investments including real estate, private debt, and equity. Morgan Stanley provides access to the premier alternative investment solutions in the industry, and the team utilizes their insight in alternatives to increase diversification and enhance returns in client portfolios.
Steve received a Bachelor of Science in Mechanical Engineering from Iowa State University. Prior to his career in finance, he worked for 5 years in consulting overseeing projects in a diverse set of companies including oil shipping, internet commerce, Fortune 500, and tech startups.
Beyond his professional endeavors, Steve finds joy in family life in Eagan with his wife Alissa, their two children, Jack and Olivia, and their dog Buster. Jack and Olivia both attend The University of Minnesota, Twin Cities. Jack is majoring in Finance and Data Analytics at The Carlson School of Management, while Olivia plans to study Communications and Spanish at The College of Liberal Arts. The family enjoys boating on the St. Croix River during summers, particularly wakeboarding and wake surfing. They also love to travel both domestically and internationally.
Disclosures
The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
Services Include
- Financial PlanningFootnote1
- Cash Management and Lending ProductsFootnote2
- Professional Portfolio ManagementFootnote3
- Planning for Education FundingFootnote4
- 529 PlansFootnote5
- Retirement PlanningFootnote6
- 401(k) Rollovers
- Municipal BondsFootnote7
- Wealth PlanningFootnote8
- Alternative InvestmentsFootnote9
- Donor Advised Funds
- Structured ProductsFootnote10
- Business PlanningFootnote11
- Estate Planning StrategiesFootnote12
- Trust ServicesFootnote13
- Life InsuranceFootnote14
- Long-term Care InsuranceFootnote15
Securities Agent: KS, IA, PA, FL, SD, NY, MN, MA, NC, MD, OR, ID, OK, NH, WA, IL, MO, CO, ND, IN, CA, WI, SC, MT, AK, OH, AZ, NE, AR, VA, TX, NJ, MI; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1290446
NMLS#: 1290446
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Goal is to Help you Feel Prepared, No Matter the Market Weather
There’s an old story about a farmhand who said he could “sleep through a storm.” When a fierce storm eventually struck, the farmer discovered that everything on the farm had already been secured – the animals, equipment, and shelter – because the farmhand had taken care of everything in advance.
At The Rice Park Group at Morgan Stanley, we believe in that same principle: When your financial plan is thoughtfully prepared and consistently maintained, you’re better equipped to weather uncertainty calmly.
Markets, like the weather, can be unpredictable. But the real storms often come in life itself, such as an unexpected layoff, a divorce, or a death in the family. While we can’t prevent these disruptions, we can help you build a plan that’s ready for them. Through disciplined strategies, ongoing guidance, and a deep understanding of your priorities, we aim to help you navigate both calm conditions and periods of volatility or uncertainty with confidence.
At our core, we help clients build resilient plans rooted in their values, flexible enough to adapt, and designed to offer clarity and confidence through both calm and chaos. Markets will shift, and life will too. Our goal is to help ensure you’re not just reacting, but ready.
At The Rice Park Group at Morgan Stanley, we believe in that same principle: When your financial plan is thoughtfully prepared and consistently maintained, you’re better equipped to weather uncertainty calmly.
Markets, like the weather, can be unpredictable. But the real storms often come in life itself, such as an unexpected layoff, a divorce, or a death in the family. While we can’t prevent these disruptions, we can help you build a plan that’s ready for them. Through disciplined strategies, ongoing guidance, and a deep understanding of your priorities, we aim to help you navigate both calm conditions and periods of volatility or uncertainty with confidence.
At our core, we help clients build resilient plans rooted in their values, flexible enough to adapt, and designed to offer clarity and confidence through both calm and chaos. Markets will shift, and life will too. Our goal is to help ensure you’re not just reacting, but ready.
Location
380 Saint Peter St
Ste 1000
St. Paul, MN 55102
US
Direct:
(651) 215-8438(651) 215-8438
Toll-Free:
(800) 421-0018(800) 421-0018
Fax:
(651) 215-8408(651) 215-8408
Meet My Team
Alissa L. Madden
Client Service Associate
Phone:
(651) 215-8477(651) 215-8477
About Laura M. Arntson
As the Portfolio Associate on The Madden Nerland Group, Laura acts as the primary point of contact for client inquiries providing operational and administrative support. Laura is dedicated to fostering relationships she has with clients and takes time to understand the client’s family life, values, needs and goals, and providing problem-solving assistance. She manages operational tasks for the team such as opening and monitoring accounts, processing trades, transferring funds, and ensuring all paperwork and forms are completed correctly and submitted timely.
To enhance client efficiency, Laura plays a key role in implementing Morgan Stanley's digital tools, ensuring 24/7 account access through Morgan Stanley Online and the Morgan Stanley Mobile App. She also assists clients with learning how to utilize such features as Mobile Deposits, ATM Withdrawals, Send Money with Zelle, and MS Online payments.
Laura began her career in finance at US Bank in 1986 working in its private banking division. She joined The Madden Nerland Group at Morgan Stanley in 1996 and has been a key asset as the team expanded. She is Series 7 and Series 63 licensed.
Beyond her professional endeavors, Laura’s hobbies include scrapbooking and crafting. She also loves attending The Minnesota Wild hockey games with her husband, Tom. The couple cherishes time spent with their children and grandchildren, along with activities like visiting their cabin, boating, and fishing.
Community service holds a special place in Laura's heart, and she actively participates in various volunteer activities. She is actively involved in Hope for Youth supporting homeless teens; The Christmas Basket at St. Stephen's Catholic Church, which collects and distributes Christmas gifts to families in need; and participating in Project Reach’s Toy Drive and Backpack Drive, which supports homeless students in St. Paul Public Schools.
To enhance client efficiency, Laura plays a key role in implementing Morgan Stanley's digital tools, ensuring 24/7 account access through Morgan Stanley Online and the Morgan Stanley Mobile App. She also assists clients with learning how to utilize such features as Mobile Deposits, ATM Withdrawals, Send Money with Zelle, and MS Online payments.
Laura began her career in finance at US Bank in 1986 working in its private banking division. She joined The Madden Nerland Group at Morgan Stanley in 1996 and has been a key asset as the team expanded. She is Series 7 and Series 63 licensed.
Beyond her professional endeavors, Laura’s hobbies include scrapbooking and crafting. She also loves attending The Minnesota Wild hockey games with her husband, Tom. The couple cherishes time spent with their children and grandchildren, along with activities like visiting their cabin, boating, and fishing.
Community service holds a special place in Laura's heart, and she actively participates in various volunteer activities. She is actively involved in Hope for Youth supporting homeless teens; The Christmas Basket at St. Stephen's Catholic Church, which collects and distributes Christmas gifts to families in need; and participating in Project Reach’s Toy Drive and Backpack Drive, which supports homeless students in St. Paul Public Schools.
About Alissa L. Madden
Alissa Madden joined The Madden Nerland Group in 2023 to oversee operations. She brings over 20 years of experience in healthcare and non-profit industries to the group.
Her diverse background uniquely positions Alissa to enhance and expand the team's business. She has held roles such as Chief of Staff and Executive Director leading operations, strategy, and innovation. Having served as a hospital social worker and later as a manager, she excelled in coordinating care and refining operational procedures. Alissa also served as President of the American Case Management Association (ACMA) MN Chapter and as a Speaker at ACMA events. As a psychotherapist, she developed strong patient relationships, gaining valuable insights into their needs and creating effective care plans to achieve their goals. Alissa holds a BA in Social Work and Psychology from The University of Iowa and a MA in Social Services Administration from The University of Chicago.
Alissa is already underway leading a variety of practice strategy and practice management projects for The Madden Nerland Group. She has passed her Securities Industries Essentials (SIE) and Series 7 license exams and is pursuing her Series 63 license to more fully support the team’s day-to-day business and work with clients.
Alissa and Steve are married and will be celebrating their 23rd wedding anniversary this June. Their children, Jack and Olivia, both attend The University of Minnesota Twin Cities. Jack is majoring in Finance and Data Analytics at the Carlson School of Management, while Olivia plans to major in Communications and Spanish at the College of Liberal Arts.
Alissa is actively engaged in community service having served in leadership roles in various booster clubs and associations including President of the Eagan High School Girls Swim and Dive Booster Club, President of the Eagan High School Boys Basketball Booster Club, Co-Director of Basketball Tournaments at Eagan Athletic Association, Troop Co-Leader for Girl Scouts River Valley for Troop #55840, and a Choir Member at St. John Neumann Catholic Church.
Alissa enjoys playing the piano, singing, or listening to true crime podcasts and novels on Audible. She also enjoys attending concerts, traveling, and trying new restaurants throughout the Twin Cities with her family.
Her diverse background uniquely positions Alissa to enhance and expand the team's business. She has held roles such as Chief of Staff and Executive Director leading operations, strategy, and innovation. Having served as a hospital social worker and later as a manager, she excelled in coordinating care and refining operational procedures. Alissa also served as President of the American Case Management Association (ACMA) MN Chapter and as a Speaker at ACMA events. As a psychotherapist, she developed strong patient relationships, gaining valuable insights into their needs and creating effective care plans to achieve their goals. Alissa holds a BA in Social Work and Psychology from The University of Iowa and a MA in Social Services Administration from The University of Chicago.
Alissa is already underway leading a variety of practice strategy and practice management projects for The Madden Nerland Group. She has passed her Securities Industries Essentials (SIE) and Series 7 license exams and is pursuing her Series 63 license to more fully support the team’s day-to-day business and work with clients.
Alissa and Steve are married and will be celebrating their 23rd wedding anniversary this June. Their children, Jack and Olivia, both attend The University of Minnesota Twin Cities. Jack is majoring in Finance and Data Analytics at the Carlson School of Management, while Olivia plans to major in Communications and Spanish at the College of Liberal Arts.
Alissa is actively engaged in community service having served in leadership roles in various booster clubs and associations including President of the Eagan High School Girls Swim and Dive Booster Club, President of the Eagan High School Boys Basketball Booster Club, Co-Director of Basketball Tournaments at Eagan Athletic Association, Troop Co-Leader for Girl Scouts River Valley for Troop #55840, and a Choir Member at St. John Neumann Catholic Church.
Alissa enjoys playing the piano, singing, or listening to true crime podcasts and novels on Audible. She also enjoys attending concerts, traveling, and trying new restaurants throughout the Twin Cities with her family.
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
Taylor Streiff
Associate Private Banker
Executive Director, Financial Advisor, Family Wealth Advisor, Senior Investment Management Consultant, Senior Portfolio Management Director, Alternative Investments Director
Executive Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Workplace Advisor – Equity Compensation
Mamta Shah
Trust Specialist
About Taylor Streiff
Taylor Streiff is an Associate Private Banker serving Morgan Stanley Wealth Management offices in Minnesota, North Dakota, and South Dakota.
Associate Private Bankers partner with Private Bankers and 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.
Taylor began his career in financial services in 2020 and joined Morgan Stanley in 2024 as an Associate Private Banker. Prior to joining the firm, he was a Commercial Lender at Pan American Bank and Trust in Chicago, Illinois.
Taylor is a graduate of the University of Minnesota - Duluth, where he received a Bachelor of Business Administration in Finance. He lives in Minneapolis, Minnesota with his family. Outside of the office, Taylor enjoys all things outdoors. He enjoys spending time with his friends and family.
Associate Private Bankers partner with Private Bankers and 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.
Taylor began his career in financial services in 2020 and joined Morgan Stanley in 2024 as an Associate Private Banker. Prior to joining the firm, he was a Commercial Lender at Pan American Bank and Trust in Chicago, Illinois.
Taylor is a graduate of the University of Minnesota - Duluth, where he received a Bachelor of Business Administration in Finance. He lives in Minneapolis, Minnesota with his family. Outside of the office, Taylor enjoys all things outdoors. He enjoys spending time with his friends and family.
NMLS#: 2539965
About Mamta Shah
Mamta Shah is the Trust Specialist based in Chicago, covering the Midwest Region. Morgan Stanley provides a full array of personal and institutional trust services to high net worth clients of the firm. Mamta’s responsibilities include educating Financial Advisors and their clients on the open architecture trust service model and helping them identify opportunities to leverage the trust partners on the platform.
Before joining Trust Services in 2010, she was the Wealth Analyst with the Chicago based Wealth Planning Center at Morgan Stanley. Mamta was responsible for providing information and education on a full range of income and estate tax topics and concerns.
Prior to joining the Planning Center team in 2006, Mamta was Vice President of an Independent Investment Advisory Firm. She worked closely with the clients of the firm on a variety of financial planning and investment advisory services.
Mamta obtained her bachelor’s degree from Babson College with a major in Finance/Entrepreneurship. Mamta is a licensed CPA and holds a CFP® designation, She has been in the financial services industry since 1999. She is Series 7, 63, 65 and life/health insurance licensed. She is a member of the AICPA and the Illinois CPA Society. She lives in Chicago with her family.
Before joining Trust Services in 2010, she was the Wealth Analyst with the Chicago based Wealth Planning Center at Morgan Stanley. Mamta was responsible for providing information and education on a full range of income and estate tax topics and concerns.
Prior to joining the Planning Center team in 2006, Mamta was Vice President of an Independent Investment Advisory Firm. She worked closely with the clients of the firm on a variety of financial planning and investment advisory services.
Mamta obtained her bachelor’s degree from Babson College with a major in Finance/Entrepreneurship. Mamta is a licensed CPA and holds a CFP® designation, She has been in the financial services industry since 1999. She is Series 7, 63, 65 and life/health insurance licensed. She is a member of the AICPA and the Illinois CPA Society. She lives in Chicago with her family.
Morgan Stanley Wealth Management Financial Advisers can conduct their business in several ways: individually, as a member of a team of Financial Advisors, or through the formation of a Strategic Partnership with another Financial Advisor or team of Financial Advisors. A Strategic Partnership is an arrangement between a Financial Advisor or a team of Financial Advisors with another Financial Advisor or team of Financial Advisors that has a unique focus or knowledge regarding a specific business concentration, product area, and/or client type. If your account is with an individual Financial Advisor, that Financial Advisor services all facets of your account. If your account is with a Financial Advisor who is a member of a team, any Financial Advisor on the team can service your account. If your Financial Advisor is part of a Strategic Partnership, his or her role in that Strategic Partnership may be limited to a specific business and/or product area and may not cover all facets of your account. The use of the terms “Partner” or “Strategic Partner” and/or “Partnership” or “Strategic Partnership” are used as terms of art and not used to imply or connote any legal relationship.
Wealth Management
Global Investment Office
Portfolio Insights
Ready to start a conversation? Contact Steven A Madden 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 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
3Morgan 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.
4When 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.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
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 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.
7Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
8Morgan 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.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Structured 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.
11Morgan 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.
12Morgan 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.
13Morgan 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.
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 and other legal matters.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Insurance 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.
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 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
3Morgan 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.
4When 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.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
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 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.
7Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
8Morgan 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.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Structured 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.
11Morgan 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.
12Morgan 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.
13Morgan 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.
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 and other legal matters.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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Awards Disclosures
CRC 6491812 (04/2024), 3582895 (6/2024)
