OUR STORY

For more than 20 years we have worked with highly successful privately held business owners and their families. Our clients come from all walks of life and many diverse industries.

We understand that business owners face many challenges and concerns. While these challenges vary at different stages, we have learned that eventually, many business owners struggle to learn about strategies to monetize their business as they approach retirement or transition. Others may have simply been too busy "running their business" to think about their own personal future.

As a Certified Exit Planning Advisor, we work with owners to create plans and strategies to transition into, and thrive throughout, their post-business life. Our focus is on both business planning and personal wealth management that is positioned around a customized, unified strategy; aligning a business owner's professional transition with their personal goals and objectives to help create the retirement they envision

From 2020-2025, Joseph Verri has been named to the Forbes Best-In-State Wealth Advisors list.

2025 Forbes Best-In-State Wealth Management Teams
  • Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24.
  • Source: Forbes.com (Awarded 2020-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

IS AN ESOP RIGHT FOR YOUR BUSINESS?

Employee Stock Ownership Plans (ESOPs) are a powerful option for business owners nearing retirement or transition to monetize their company. With an ESOP, the owner sells his or her interest in a business to a Trust – this arrangement allows for beneficial ownership to be distributed over time to employees as a qualified retirement plan.

Business owners choose an ESOP for a variety of reasons:

    Icon Image
    Financial Growth

    For many owners, interest in their private company is a large part of their net worth. Selling all or part of their interest to an ESOP enables them to diversify their wealth.

    Icon Image
    Reward Employees

    An ESOP provides beneficial ownership to employees; a 'stake' in the company via a qualified retirement plan.

    Icon Image
    Control

    ESOPs may allow the retiring owner to retain a degree of control over the vision, direction and identity of their company. Control can be transferred all at once or gradually.

    Icon Image
    Continuity

    With an ESOP, no "outside" investment is needed. So, monetizing the company need not involve a wholesale change in management.

    Bottom Line: For many privately-held businesses, ESOPs allow the owner to "cash out," knowing that the company will remain in good-potentially familiar- hands.

PLANNING FOR YOUR FUTURE

99% of business owners agree that having a transition plan is important for both their business and their personal future, but incredibly, only 21% have a written transition plan in place*. We get it. When you are so focused on running your business, we understand that sometimes it's a low priority to think about what comes next. But with 50% of business transitions in the US being involuntary, we believe that starting to plan now is important –for both you and your business.

Many owners have spent a good portion of their working life building their business and, want to do everything they can to ensure that their business continues to flourish. There are a number of transition alternatives for a business owner to consider and owners often struggle to understand these opportunities. As a Certified Exit Planning Advisor (CEPA), we can help you better understand these options and the potential impact on the business and, your transition goals. Understanding and weighing these options takes time. Even if you aren't ready to make a change right now, there are steps you can take to better prepare and potentially, create additional value in your business.

Our process starts with:

    Icon Image
    1. Analysis of your goals, both personal and business.

    Do you want to remain engaged in day-to-day?

    Icon Image
    2. Helping you to specifically articulate your financial and lifestyle goals.

    What do you want to "buy and do" with your money?

    Icon Image
    3. Understanding the many transitions options that are available and how do they may compliment your personal and business goals?

    Outright sale to a financial or strategic buyer? Family transition? Management buyout? ESOP?

    Icon Image
    4. Help to coordinate and execute a successful transition.

    It may take a team to execute a successful transition, in conjunction with your tax and legal professionals.

    *Exit Planning Institute State of Owner Readiness Survey, 2022

    Many business owners are unsure how to transition out of their business. We have extensive experience in working with business owners through what might be, the most significant financial event of their life.

    Icon Image
    1. Understanding your priorities
    For many owners, their business is a passion built upon a lifetime of hard work, commitment, and, yes, a deep affection for the business and its staff. We understand how to combine your personal commitment with your own wealth management needs.
    Icon Image
    2. A commitment to understanding all of your exit opportunities
    As a Certified Exit Planning Advisor, we are versed in all your available alternatives. We have extensive experience with ESOPs, which may be an attractive alternative. We have both the knowledge to guide you through the process, and extensive contacts who can assist when needed.
    Icon Image
    3. Your legacy
    When approaching transition, many business owners think about what they will leave behind – for the business, the employees, and especially the family. We work with clients and families to educate, envision, deliver and protect the legacy you want.
    Icon Image
    Working with Business Owners in Transition
    No matter how you feel about your business and your transition to retirement, you can be sure that we’ve been there before with many clients. After more than 20 years of working with business owners, we have learned a few things about them:

    • They care deeply about their business, and its future.
    • They care about their employees.
    • They want to take care of their family members, whether they want to participate in the business or not.
    • They care about their customers, their partners, and all the other constituents the business serves.

Upcoming 128 Group Events

Tab Image
ESOP 101: Ownership Transition

Is an Employee Stock Ownership Plan (ESOP) Right for you?

Please join us Wednesday, October 22nd for this ESOP 101 event.

RSVP Here - the128group@morganstanley.com

WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

Our mission is to help your company elevate your workplace financial benefits—helping you to attract and retain top talent. Our end-to-end solutions support your company and employees at any stage of growth through a powerful combination of modern technology, insightful guidance, and dedicated service.

    Equity Solutions

    Equity ownership is a powerful motivator. Streamline equity management through our leading-edge technology and provide global audit-ready reporting and insights, alongside customizable participant experiences to engage and educate your employees on how to make the most of their benefits. Our global solutions support private and public companies at any stage of growth.

    • Equity Administration and Financial Reporting
    • Liquidity Events
    • 409A Valuation Services and Cap Table Management

    Learn more
    Retirement

    For your employees, retirement is more than a date in the future—it's a milestone that takes time, hard work, and the right tools. Through our consultative process, we strive to assist with the management of your fiduciary responsibilities and risk, simplify plan management, and help you improve retirement readiness for your employees.

    • Defined Contribution Consulting
    • Solutions-Oriented Plans
    • Fiduciary Investment Oversight

    Learn more
    Deferred Compensation

    Access a range of Nonqualified Deferred Compensation plan services or pick the ones that best fit your needs. We provide recordkeeping and plan design, portfolio construction services, and plan education for your executive talent. We help you determine the appropriate plan design and inform a funding strategy through a needs-based assessment and consultative approach.

    Services include:

    • Recordkeeping and Plan Design
    • Portfolio Construction
    • Wealth Management Services
    Learn more
    Executive Services

    Our dedicated team provides concierge-level support for your executives' equity compensation plans, from 10b5-1 trading plans to form filing related to Rule 144 transactions, to access to wealth management and tax-optimization strategies, so helping them navigate their complex financial needs with greater confidence and certainty:

    • Equity Compensation Services
    • Equity Award Analysis
    • Specialized Solutions
    Learn more
    Saving and Giving

    Saving and Giving benefits can make a real difference in your employees' lives as they can support the things that matter most to them—like saving for education and repaying student loans. Show that you are committed to your employees' priorities with leading-edge solutions that help them chart a path toward financial well-being.

    • College Savings
    • Student Loan Repayment and Refinancing
    • Charitable Giving
    Learn more
    Financial Wellness

    We offer Financial Wellness with every solution we provide. Through a powerful combination of education, digital tools and guidance, Financial Wellness is designed to address the unique needs of your employees and empower their financial journey at every stage. Give your employees the confidence to take charge of their finances.

    • Financial Education
    • Digital Tools
    • Financial Guidance

    Learn more

Location

112 Worcester Street
Wellesley, MA 02481
US
Direct:
(781) 672-5140(781) 672-5140

Meet The 128 Group

Photo of Joseph D Verri

Joseph D Verri, CRPS®, CEPA®

Executive Director, Wealth Management, Financial Advisor, Corporate Retirement Director, Certified Exit Planning Advisor™ (CEPA), Senior Portfolio Management Director, Financial Wellness Director
Phone:
(781) 672-5140(781) 672-5140
Photo of Elyse Slotnick

Elyse Slotnick

Senior Client Associate
Phone:
(781) 672-5125(781) 672-5125
Photo of Lauren Komins

Lauren Komins

Portfolio Associate, Financial Planning Associate
Phone:
(781) 672-5145(781) 672-5145

About Joseph D Verri

Morgan Stanley's Presidents Club - 2025

Joe has been working with successful privately-held business owners and their families for more than 20 years. As a Certified Exit Planning Advisor, he helps business owners create an organized process around the eventual transition of their business. This process includes working collaboratively to develop clarity in the form of a plan; the plan serves as a roadmap that helps business owners better understand when and how to best transition their business and the impact it will have on their business, their family members, and their employees.

While Joe has been involved with several different transition strategies over the years, he provides specific emphasis on the education, utilization and maintenance of Employee Stock Ownership Plans (ESOPs). Joe is involved with The ESOP Association (TEA), based in Washington DC and locally with TEA’s New England Chapter. He is also a member of the National Center for Employee Ownership (NCEO). Joe is an ardent supporter for employee ownership nationally.

As a Corporate Retirement Director, Joe also works with a number of companies nationally providing advice on the design and maintenance of their company retirement plan(s). He is also a Chartered Retirement Plan Specialist, a designation offered by The College of Financial Planning.

Joe earned a BS in Finance from the University of Massachusetts.

Joe and his wife Meaghan have two sons and live in eastern Massachusetts. He is a competitive ski racer and, in the warmer months, enjoys mountain biking, gardening and home improvement projects.
Securities Agent: UT, MN, MI, MD, TX, RI, NY, ME, LA, MO, KS, IN, IA, AK, KY, GA, SD, OH, NV, MA, ID, DC, VA, SC, NH, AZ, NM, NJ, CO, OR, NC, IL, HI, FL, DE, PA, NE, CT, CA, WI, WA, VT; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1274459

About Michael Buntin Jr.

Mike joined Morgan Stanley as a Wealth Advisor Associate in 2020. During his Wealth Advisor Associate tenure and over the course of his career, he has created over 600 financial plans across the firm. He obtained his CERTIFIED FINANCIAL PLANNER™ designation in 2022 and works with clients to help them highlight their unique financial goals so that he can initiate and monitor a tailored financial plan. On The 128 Group, Mike is integral in building out the team’s planning capabilities and continuing to highlight why planning is a cornerstone of the team. He is Series 7 and 66 licensed as well as insurance licensed.

Mike graduated from The University of Rhode Island with a BS in finance. In his free time he enjoys playing basketball, snowboarding and staying up to date on the latest automotive news.
Securities Agent: MO, GA, DE, WI, WA, OR, FL, TX, NC, MI, KS, VA, UT, OK, NE, IL, CA, AK, KY, SC, NY, MN, ME, AZ, VT, MD, HI, PA, NH, MA, SD, NM, CT, RI, NV, DC, IA, CO, OH, NJ, IN, ID; General Securities Representative; Investment Advisor Representative
NMLS#: 2327291

About Elyse Slotnick

Elyse has more than 25 years of experience in the financial industry. She leads the group client service initiatives.

Elyse lives on the south shore with her daughter, Luran. She treasures her time with her daughter, especially being outdoors, visiting the ocean and kayaking together. She has a background in art and design and loves to draw and photograph nature.

About Lauren Komins

Lauren is a Portfolio Associate and Financial Planning Associate. Graduating from Oberlin College in 1998 with a degree in Art History, Lauren started in financial services in 1999 and has been dedicated to ensuring that client needs are met with a high level of service ever since. While she aides in administrating the day-to-day business of the Group, as a fully registered associate with her FINRA Series 7 and 66 licenses, Lauren assists in executing transactions as well.

An accomplished figure skater as a child, Lauren competed in the first ever World Precision Ice Skating Competition in Helsinki in 1992 and continues to be a fan today. She grew up in Lexington, MA and lives in the Boston area.

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
Photo of Katie Prendergast

Katie Prendergast

Private Banker
Photo of Todd Vogel

Todd Vogel

Private Banker
Photo of William O'Brien

Managing Director, Wealth Management, Financial Advisor, Corporate Client Group Director

About Katie Prendergast

Kathleen Prendergast is a Private Banker serving Morgan Stanley Wealth Management offices in Massachusetts and Connecticut.

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.

Kathleen began her career in financial services in 2014, when she joined Morgan Stanley as a Financial Advisor Associate. She became an Associate Private Banker in 2018 and promoted to Lead Private Banker in 2024. Prior to joining the firm, she was a Major Donor Development Officer at the Reeve Foundation.

Kathleen is a graduate of the Fairfield University, where she received a Bachelor of Arts in Sociology, and Montclair State University where she received her Teacher’s Certification. She lives in Brookline, Massachusetts. Outside of the office, Kathleen enjoys spending time with family and friends, volunteering at the Newton Food Pantry, hiking with her dog Barry, and traveling to new destinations.
NMLS#: 1750426

About Todd Vogel

Todd Vogel is a Private Banker serving Morgan Stanley Wealth Management offices in Massachusetts.

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.

Todd began his career in financial services in 1997, and joined Morgan Stanley in 2016. Prior to joining the firm, he was a Wealth Management Banker at Merrill Lynch.

Todd is a graduate of Bates College, where he received a Bachelor of Arts in Political Science, and Clark University, where he received his Master of Business Administration. He lives in Newton, MA with his family. Outside of the office, Todd enjoys coaching for the Newton Boys and Girls Soccer Clubs.
NMLS#: 1150893
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

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

Read More about On the Markets
Read "On the Markets"
This is a video content

Equity Compensation

Helping you make the most of your equity awards and better understand how it may fit into your your larger financial picture – today and tomorrow.

  • Vesting events
  • Option expirations
  • Restricted stock units
  • Tax implications

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
Learn More about Retirement
A Simple Six-Step Retirement Checkup
Article Image

A Simple Six-Step Retirement Checkup

Checking in on your retirement plan may make a lot of sense, especially when market volatility arises.

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
Learn More about Investing
Rational Investing in an Age of Uncertainty
Article Image

Rational Investing in an Age of Uncertainty

When it comes to investing, even the most savvy of us fall prey to bias and emotional trades. So what triggers should you watch for?

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
Learn More about Family
529 Plans: A Powerful Tool to Save for Education
Article Image

529 Plans: A Powerful Tool to Save for Education

Though education costs continue to climb, starting to save and invest early can make a difference.

Business Planning

Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
  • Succession Planning
  • Business Planning
  • Qualified Retirement Plans
Learn More about Business Planning
Financial Planning for Life After Selling a Business
Article Image

Financial Planning for Life After Selling a Business

Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

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
Learn More about Philanthropy
Donor Advised Funds: A Smart Way to Manage Your Giving
Article Image

Donor Advised Funds: A Smart Way to Manage Your Giving

There's more to charitable giving than you may realize. Here's one method that may be a tax-efficient way to give and can help maximize your impact.

Retirement for Plan Sponsors

End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
  • Plan Evaluation
  • Investment Management
  • Plan Management Support
  • Plan Participant Education
Learn More about Retirement for Plan Sponsors
Small Business Retirement Plans
Article Image

Small Business Retirement Plans

Learn about retirement plans for smaller businesses and how to select the right type for you and your employees. Compare SEP or SIMPLE IRAs vs 401(k)s.

Financial Wellness

Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
  • Reduce employee stress,
  • Improve retention and engagement, and
  • Set themselves apart by offering comprehensive financial wellness benefits.
Learn More about Financial Wellness
The Business Case for a Financially Resilient Workforce
Article Image

The Business Case for a Financially Resilient Workforce

In the face of turbulent markets, the word “resilience” may be top of mind. Broadly speaking, resilience is the ability to “bounce back” when encountering life’s inevitable challenges.
Ready to start a conversation? Contact The 128 Group today.
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.

1Morgan 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.

For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

Back to top



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.

Back to top



3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

Back to top



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.

Back to top



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

Back to top



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.

Back to top



7Alternative 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.

Back to top



8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

Back to top



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), 4763067 (9/2025)