David L. Shine, CIMA®
Executive Director, Private Wealth Advisor
Phone:
(713) 658-2777(713) 658-2777
Texas Avenue Group at Morgan Stanley
Direct:
(713) 658-2777(713) 658-2777
Toll-Free:
(800) 890-2774(800) 890-2774
Our Mission Statement
Excellence in helping clients like you with your personalized investment and financial strategies
About Us
OUR MISSION
To design, execute and monitor a wealth building strategy for you that reflects a clear understanding of your needs, aspirations and values
To remain keenly attuned to your evolving personal goals and to the ever changing investment environment as we seek to grow and preserve your investments
To earn your confidence that addressing your interests is paramount with us
OUR VISION
A term of professionals dedicated to providing you with exceptional client experience and giving superlative client services to help meet your investment and financial needs both personal and business including*:
• Portfolio Design based on Asset Allocation and Risk Control • Individual Retirement Planning• Family Intergenerational Wealth Planning and Philanthropic Planning• Business Planning including Qualified Retirement Plans, Liquidity and Liabilities Management
WHO OUR CLIENTS ARE
Individuals and Families of accomplishment who, have come to recognize the importance of considered advice and cogent perspective to assist in enhancing the growth, preservation and management of their wealth.
Asset allocation does not guarantee a profit or protect against a loss in a declining financial market.
To design, execute and monitor a wealth building strategy for you that reflects a clear understanding of your needs, aspirations and values
To remain keenly attuned to your evolving personal goals and to the ever changing investment environment as we seek to grow and preserve your investments
To earn your confidence that addressing your interests is paramount with us
OUR VISION
A term of professionals dedicated to providing you with exceptional client experience and giving superlative client services to help meet your investment and financial needs both personal and business including*:
• Portfolio Design based on Asset Allocation and Risk Control • Individual Retirement Planning• Family Intergenerational Wealth Planning and Philanthropic Planning• Business Planning including Qualified Retirement Plans, Liquidity and Liabilities Management
WHO OUR CLIENTS ARE
Individuals and Families of accomplishment who, have come to recognize the importance of considered advice and cogent perspective to assist in enhancing the growth, preservation and management of their wealth.
Asset allocation does not guarantee a profit or protect against a loss in a declining financial market.
Services Include
- Financial PlanningFootnote1
- Estate Planning StrategiesFootnote2
- Alternative InvestmentsFootnote3
- 401(k) Rollovers
- Retirement PlanningFootnote4
- Wealth Consulting
- Cash ManagementFootnote5
- Lending Products
- Life InsuranceFootnote6
- Municipal BondsFootnote7
- Philanthropic Services
- Planning for Education FundingFootnote8
- 529 PlansFootnote9
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Location
717 Texas Avenue
Suite 3050
Houston, TX 77002
US
Direct:
(713) 658-2777(713) 658-2777
Toll-Free:
(800) 890-2774(800) 890-2774
Meet Texas Avenue Group
Phone:
(713) 651-5807(713) 651-5807
First Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(713) 651-5828(713) 651-5828
Stacy Langford
Assistant Vice President, PWM Consulting Group Analyst
Phone:
(713) 658-2775(713) 658-2775
Chelsea Peterson
Client Service Associate
Phone:
(713) 658-2778(713) 658-2778
Lida Alonso
Senior Registered Client Service Associate
Phone:
(713) 658-2711(713) 658-2711
About David L. Shine
David L. Shine, CIMA®, Executive Director, is a native Houstonian with a 29 year financial advisory career that began with Merrill Lynch in 1994 and includes 11 years with UBS Financial Services and 10 years with Morgan Stanley. His principal client base is senior management and executives of Fortune 1000 companies, high net-worth individuals, and small business owners.
David is currently licensed as a General Securities Representative in 18 U.S. states and territories, and registered as an Investment Advisor Representative. He is also licensed in 12 states as a General Lines Agent with Life, Accident, Health and HMO qualifications. David has an in-depth knowledge of Alternative Investment strategies as an Alternative Investments Director at Morgan Stanley. He is also recognized as a Portfolio Management Director by the Portfolio Management Group due to his continued success at utilizing Advisory Program Strategies and asset allocation for clients.
As an attestation to his commitment to today’s high net-worth families, David most recently earned Morgan Stanley’s Family Wealth Director designation. Designated Family Wealth Directors must demonstrate professional knowledge and experience in a range of wealth management solutions including estate planning strategies, alternative investments, control and restricted securities, lending, hedging and monetization, and business succession planning.
David graduated from University of Houston, with a Bachelors of Business Administration (BBA) in Finance. He received his CIMA® designation in 2004 from the Haas School of Business at the University of California, Berkeley.
David is past Board President and is currently on the Board of Directors for Bo’s Place, a non-profit bereavement center offering grief support to families who have lost a child or adult in their immediate family. He is also a Committee Member of the Houston Livestock Show and Rodeo.
Disclosure:
Alternative investments often are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are appropriate only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase the volatility and risk of loss. Alternative Investments typically have higher fees than traditional investments. Investors should carefully review and consider potential risks before investing.
Past performance is no guarantee of future results. Actual results may vary. Diversification does not assure a profit or protect against loss in a declining market.
David is currently licensed as a General Securities Representative in 18 U.S. states and territories, and registered as an Investment Advisor Representative. He is also licensed in 12 states as a General Lines Agent with Life, Accident, Health and HMO qualifications. David has an in-depth knowledge of Alternative Investment strategies as an Alternative Investments Director at Morgan Stanley. He is also recognized as a Portfolio Management Director by the Portfolio Management Group due to his continued success at utilizing Advisory Program Strategies and asset allocation for clients.
As an attestation to his commitment to today’s high net-worth families, David most recently earned Morgan Stanley’s Family Wealth Director designation. Designated Family Wealth Directors must demonstrate professional knowledge and experience in a range of wealth management solutions including estate planning strategies, alternative investments, control and restricted securities, lending, hedging and monetization, and business succession planning.
David graduated from University of Houston, with a Bachelors of Business Administration (BBA) in Finance. He received his CIMA® designation in 2004 from the Haas School of Business at the University of California, Berkeley.
David is past Board President and is currently on the Board of Directors for Bo’s Place, a non-profit bereavement center offering grief support to families who have lost a child or adult in their immediate family. He is also a Committee Member of the Houston Livestock Show and Rodeo.
Disclosure:
Alternative investments often are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are appropriate only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase the volatility and risk of loss. Alternative Investments typically have higher fees than traditional investments. Investors should carefully review and consider potential risks before investing.
Past performance is no guarantee of future results. Actual results may vary. Diversification does not assure a profit or protect against loss in a declining market.
Securities Agent: SC, NC, GA, OR, IL, AR, FL, CA, NJ, UT, NY, CO, RI, PA, NV, MD, VA, AZ, WY, TN, MT, MI, MO, TX; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1262262
CA Insurance License #: 0E23454
NMLS#: 1262262
CA Insurance License #: 0E23454
About Laura Owen Pio
Laura Owen, CFP®, is one of three Advisors of the Texas Avenue Group at Morgan Stanley. Laura, a native Houstonian, obtained her bachelor’s degree from American University in Washington, DC, cum laude, with a degree in political science and a minor in theatre. Upon graduation, Laura moved to Los Angeles where she began a career working in all aspects of the film industry. After 13 years in the entertainment industry, Laura returned to Houston to join Morgan Stanley in 2018 as a 3rd generation financial advisor, alongside her mother, Vivien Owen, a First Vice President. Soon after, Laura also began working with David Shine, CIMA®, Executive Director and Family Wealth Director, and Harvey and Karen Newton of The Newton Group. The five advisors officially formed the Texas Avenue Group at Morgan Stanley in December of 2022.
Laura's mission is to combine an understanding of capital markets with awareness of each client's unique situation in life, to reach and exceed personal and financial goals, while also anticipating and preparing for future needs.
Laura has reached Morgan Stanley’s Pacesetter Club status four years in a row which is a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first-class client service. Laura is also one of twelve Greater Houston Morgan Stanley female advisors to sit on the Women’s Advisory Council. The WAC plans city-wide events for clients and raises visibility and awareness for Morgan Stanley though community volunteer work. Additionally, the WAC offers mentorship to the next generation of female advisors.
As part of her ongoing efforts in striving for excellence, in 2021 Laura completed her CFP® coursework through Rice University and received her official designation as Certified Financial Planner™ in 2022. Later in 2024, Laura also obtained her CDFA® Certified Divorce Financial Analyst™ designation.
Laura was an active member of the Junior League Houston for 5 years, and now enjoys sustainerhood. She also serves as a Committeeman for the Houston Livestock Show and Rodeo. Laura remains a member of the Actors Equity Association and the Screen Actors Guild (SAG).
Laura's mission is to combine an understanding of capital markets with awareness of each client's unique situation in life, to reach and exceed personal and financial goals, while also anticipating and preparing for future needs.
Laura has reached Morgan Stanley’s Pacesetter Club status four years in a row which is a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first-class client service. Laura is also one of twelve Greater Houston Morgan Stanley female advisors to sit on the Women’s Advisory Council. The WAC plans city-wide events for clients and raises visibility and awareness for Morgan Stanley though community volunteer work. Additionally, the WAC offers mentorship to the next generation of female advisors.
As part of her ongoing efforts in striving for excellence, in 2021 Laura completed her CFP® coursework through Rice University and received her official designation as Certified Financial Planner™ in 2022. Later in 2024, Laura also obtained her CDFA® Certified Divorce Financial Analyst™ designation.
Laura was an active member of the Junior League Houston for 5 years, and now enjoys sustainerhood. She also serves as a Committeeman for the Houston Livestock Show and Rodeo. Laura remains a member of the Actors Equity Association and the Screen Actors Guild (SAG).
Securities Agent: SC, UT, CO, GA, FL, MI, MT, NV, NC, PA, MD, VA, OR, MA, WY, TX, NY, MO, IL, CA, AR; General Securities Representative; Investment Advisor Representative
NMLS#: 1830777
NMLS#: 1830777
About Vivien W Owen
Securities Agent: WY, TX, IL, NY, MO, VA, MA, IA, NM, GA, OR, MI, MD, NC, CO, MT, AR, SC, PA, NV, FL, CA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1288335
NMLS#: 1288335
Contact David L. Shine
Contact Laura Owen Pio
Contact Vivien W Owen
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
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Rational Investing in an Age of Uncertainty
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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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
Ready to start a conversation? Contact Texas Avenue Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley 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.
3Alternative 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.
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 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.
5Morgan 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
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
9Investors 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
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 (“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.
3Alternative 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.
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 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.
5Morgan 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
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
9Investors 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
