Ned Gibbons
Managing Director, Private Wealth Management, Private Wealth Advisor, Founders Specialist
Phone:
(650) 234-5533(650) 234-5533
Morgan Stanley Private Wealth Management
The 173 Group
Direct:
(650) 234-5531(650) 234-5531
Our Mission Statement
Our goal is to build trusting multigenerational relationships by focusing on what matters to our clients. We deliver an experienced perspective, emphasize planning and apply analytics to improve investment outcomes.
Welcome to The 173 Group
Working from offices on Sand Hill Road in Menlo Park, California, we are a team of experienced professionals who combine our knowledge and expertise to serve highly accomplished families, founders, professional investors, and C-suite executives.
In working with highly affluent families across the country, we have developed the capacity to understand how our clients want their wealth to enhance their lives, and the ability to solve the complex challenges that inevitably arise along that journey. Some of these challenges involve the investment of their assets, but they may also encompass the management of a concentrated equity position, the impact of a philanthropic strategy, the intergenerational transfer of wealth, and the education and welfare of the younger generations who will receive it.
Drawing on our own talents and the specialized resources available through Morgan Stanley Private Wealth, we proactively seek opportunities help our clients protect, grow, and enjoy their wealth. Our approach combines thoughtful planning with disciplined investment strategies.
Providing an exceptional level of service is both a commitment and a standard that distinguishes our team.
We look forward to meeting you and learning what matters most to you. To begin that conversation, please contact us.
In working with highly affluent families across the country, we have developed the capacity to understand how our clients want their wealth to enhance their lives, and the ability to solve the complex challenges that inevitably arise along that journey. Some of these challenges involve the investment of their assets, but they may also encompass the management of a concentrated equity position, the impact of a philanthropic strategy, the intergenerational transfer of wealth, and the education and welfare of the younger generations who will receive it.
Drawing on our own talents and the specialized resources available through Morgan Stanley Private Wealth, we proactively seek opportunities help our clients protect, grow, and enjoy their wealth. Our approach combines thoughtful planning with disciplined investment strategies.
Providing an exceptional level of service is both a commitment and a standard that distinguishes our team.
We look forward to meeting you and learning what matters most to you. To begin that conversation, please contact us.
Capabilities
- Investment Management
- Comprehensive Wealth Planning
- Pre-Liquidity Planning
- Tax, Trust & Estate AdvisoryFootnote1
- Risk Management
- Hedging Strategies
- 10b5-(1) Programs
- Cash Management & LendingFootnote2
- Philanthropy Management
- Family Governance & Wealth Education
- Alternative InvestmentsFootnote3
- Private Investments
- Single Family Office Services
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Our Relationships
Founders
With decades of experience working with founders and executives, our team helps clients navigate the complex challenges of building and scaling a company while preparing for future liquidity events. We provide guidance and resources at critical stages in both professional and personal lives.
Click here to learn morePre-IPO Planning
We guide and support you in taking the proper steps to attain your private wealth management goals tax efficiently, allowing you to focus on the multitude of demands required to take a company public. These discussions and steps may include option exercise analysis, concentrated stock positions, transfer strategies, and Qualified Small Business Stock.
Click here to learn morePublic Company Executives
Our team has a demonstrated track record of successfully supporting C-suite executives with their personal and company’s financial requirements. Some of these services include providing complex solutions for concentrated equity positions including 10b5-1 plans, exchange funds, hedging strategies, and other diversification strategies as well as assessing incentive compensation packages.
Click here to learn moreVenture Capital and Private Equity Partners
Investing in private companies creates unique wealth management considerations. We supply you with tailored solutions regarding your portfolio’s asset allocation, risk management, liabilities guidance, philanthropy endeavors support as well as advising on trust and estate structures.
Click here to learn moreAwards and Designations
CFP® - Certified Financial Planner™ (Gerard Zell, Peter Sylvester)
The Certified Financial Planner™ designation is awarded to candidates who have demonstrated expertise in the areas of Education, Investment, Tax, Retirement, Estate and Insurance planning. CFP® professionals must accrue several years of experience related to delivering financial planning services to clients and pass a comprehensive exam before calling themselves a CFP® Professional and are held to strict ethical standards to ensure financial planning recommendations are in the best interest of their clients.
CFA® - Chartered Financial Analyst™ (Jeremy Techer)
A globally recognized professional designation that measures and certifies the competence and integrity of financial analysts. Candidates are required to pass three levels of exams covering areas such as accounting, economics, ethics, money management and security analysis. CFA charter holders wield an extensive body of knowledge in investing and global financial markets, placing clients’ interests above their own, dedicating themselves to achieving the best outcomes for investors. Fewer than 1 in 5 candidates successfully complete all three levels of the CFA Program.
Location
2725 Sand Hill Road
Suite 100
Menlo Park, CA 94025
US
Direct:
(650) 234-5531(650) 234-5531
Fax:
(650) 234-5150(650) 234-5150
Meet The 173 Group
Gerard Zell, CFP®
Managing Director, Private Wealth Management, Private Wealth Advisor
Phone:
(650) 234-5535(650) 234-5535
Phone:
(650) 234-5520(650) 234-5520
Peter Sylvester, CFP®
Vice President, PWM Team COO
Phone:
(650) 234-5547(650) 234-5547
Jeremy Techer, Chartered Financial Analyst®
Director of Investments
Phone:
(650) 234-5532(650) 234-5532
Ashley Steinman
PWM Wealth Management Associate
Phone:
(650) 922-6793(650) 922-6793
Hailey Hagy
PWM Wealth Management Associate
Phone:
(650) 234-5538(650) 234-5538
Miles Hurd
PWM Client Services Associate
Phone:
(650) 234-5510(650) 234-5510
Andre Duong
PWM Client Services Associate
Phone:
(650) 234-5554(650) 234-5554
Ben Oller
PWM Client Services Associate
Phone:
(650) 234-5819(650) 234-5819
About Ned Gibbons
A founding partner of the 173 Group, Ned Gibbons specializes in advising the group’s clients on portfolio construction, equity selection and allocation, alternative investment access and analysis, and long-term tax, trust and estate planning. In recognition for his leadership and the team’s success, Ned was invited to join the PWM Advisory Council in 2018, a group that works closely with Private Wealth Management executives on business priorities. He was asked to serve as co-chair of the council in 2024.
Ned honed his expertise over the course of more than 25 years of cross-industry experience in business creation and operations roles. In 2011, he joined Morgan Stanley Private Wealth Management after working at UBS Private Wealth Management and Credit Suisse Wealth Management. Prior to his wealth management career, Ned worked at operating and technology companies where he specialized in developing key client relationships, solving strategic and process-oriented issues and addressing financial planning needs. His roles included working with a few of the largest media and direct retailers in the western U.S. Ned began his career as a political consultant for the governor in his home state of Maine.
Ned earned his A.B. from Brown University, concentrating in urban studies, and his MBA from UCLA Anderson. He competed for the Division I national championship during his four years of rowing on the crew team, and serves as a Steward of the Brown Rowing Association. Through his work as a board member of the Boys and Girls Clubs of the Peninsula, Ned passionately supports children and their families in nearby underserved communities.
Ned lives in Menlo Park with his wife and two daughters. Between reading nonfiction books and consuming idiosyncratic podcasts, he stays active cycling, skiing, or playing tennis, golf or hockey.
Ned honed his expertise over the course of more than 25 years of cross-industry experience in business creation and operations roles. In 2011, he joined Morgan Stanley Private Wealth Management after working at UBS Private Wealth Management and Credit Suisse Wealth Management. Prior to his wealth management career, Ned worked at operating and technology companies where he specialized in developing key client relationships, solving strategic and process-oriented issues and addressing financial planning needs. His roles included working with a few of the largest media and direct retailers in the western U.S. Ned began his career as a political consultant for the governor in his home state of Maine.
Ned earned his A.B. from Brown University, concentrating in urban studies, and his MBA from UCLA Anderson. He competed for the Division I national championship during his four years of rowing on the crew team, and serves as a Steward of the Brown Rowing Association. Through his work as a board member of the Boys and Girls Clubs of the Peninsula, Ned passionately supports children and their families in nearby underserved communities.
Ned lives in Menlo Park with his wife and two daughters. Between reading nonfiction books and consuming idiosyncratic podcasts, he stays active cycling, skiing, or playing tennis, golf or hockey.
Securities Agent: TN, OR, DE, UT, NY, MO, IL, DC, SD, SC, PA, ME, MA, GA, CO, WI, CT, MN, MD, WA, KS, AZ, TX, NC, MT, CA, RI, NV, MI, HI, FL, IN, WY, NM, VA, OH, ID; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1278696
CA Insurance License #: 0G46505
NMLS#: 1278696
CA Insurance License #: 0G46505
About Gerard Zell
A founding partner of the 173 Group, Gerard Zell leads the team’s efforts to advise clients through the financial complexities that come with rapid wealth creation. He leverages his more than 25 years of diverse financial industry experience and CERTIFIED FINANCIAL PLANNER™ (CFP®) training to construct investment portfolios that match clients’ financial and estate planning goals. Gerard’s specialties include managing fixed income strategies, equity manager selection, alternative investment analysis, hedging concentrated stock positions and customized borrowing solutions.
Prior to becoming a Financial Advisor in 2001, Gerard built the Pacific Northwest concentrated stock loan operations for Merrill Lynch by constructing hedging and lending strategies for successful technology and biotech executives and founders. He started his career with Barnett Bank (acquired by Bank of America) in Miami, Florida, as a commercial lender helping small and mid-sized companies grow their businesses.
Gerard earned his B.S. in business administration from the Florida State University in Tallahassee and his MBA from the Florida International University in Miami. He has been married to his college sweetheart for over 25 years and lives in Menlo Park with their two children. Gerard serves on the board of the Menlo Atherton High School Foundation for the Future and volunteers as a youth basketball coach. He is an avid runner, surfer, skier and soccer player.
Prior to becoming a Financial Advisor in 2001, Gerard built the Pacific Northwest concentrated stock loan operations for Merrill Lynch by constructing hedging and lending strategies for successful technology and biotech executives and founders. He started his career with Barnett Bank (acquired by Bank of America) in Miami, Florida, as a commercial lender helping small and mid-sized companies grow their businesses.
Gerard earned his B.S. in business administration from the Florida State University in Tallahassee and his MBA from the Florida International University in Miami. He has been married to his college sweetheart for over 25 years and lives in Menlo Park with their two children. Gerard serves on the board of the Menlo Atherton High School Foundation for the Future and volunteers as a youth basketball coach. He is an avid runner, surfer, skier and soccer player.
Securities Agent: CO, SD, PA, NM, UT, HI, RI, WI, WA, VA, TX, OH, NY, MO, IL, FL, CT, MT, KS, SC, OR, NC, CA, AZ, MI, MD, IN, GA, DC, NV, ME, ID, WY, TN, MN, MA, DE; General Securities Representative; Investment Advisor Representative
NMLS#: 1253292
CA Insurance License #: 0E28392
NMLS#: 1253292
CA Insurance License #: 0E28392
About Evan Rosenberg
Evan Rosenberg is a Private Wealth Advisor with The 173 Group at Morgan Stanley Private Wealth Management, where he advises founders, executives, professional investors, and families navigating the opportunities and complexities that come with significant wealth. He joined Morgan Stanley in 2011 and has built his career around guiding clients through concentrated equity positions, pre-liquidity planning, and multi-generational estate strategies.
Before joining The 173 Group, Evan managed a $2 billion lending book in the San Francisco Bay Area as a Private Banker, structuring transactions ranging from residential and commercial mortgages to credit lines secured by aircraft and fine art. This experience gave him a strong foundation in liability management, which he integrates with investment strategies and comprehensive wealth planning to help clients build durable financial solutions.
Evan’s passion is helping clients flourish across their entire journey—from founders preparing for growth and liquidity events, to executives managing complex compensation, to families building multi-generational legacies. By focusing on each client’s full balance sheet, goals, and values, he develops tailored strategies that align immediate needs with long-term vision.
He is also among a select group of advisors recognized as a Family Wealth Director, a distinction earned by fewer than 5% of Morgan Stanley advisors (2023), reflecting advanced experience in helping high-net-worth families manage complex estate and philanthropic planning.
Evan holds a BS in Business Administration from the University of Rhode Island and an MBA in Finance from Santa Clara University. Originally from New York, he worked in Morgan Stanley’s Midtown Manhattan office before relocating to the Bay Area in 2017. He and his wife live in Los Gatos with their three young children. Outside of work, Evan enjoys trail running, golf, basketball, travel, and serving on the board of The First Tee of Silicon Valley, a nonprofit supporting underserved youth.
Before joining The 173 Group, Evan managed a $2 billion lending book in the San Francisco Bay Area as a Private Banker, structuring transactions ranging from residential and commercial mortgages to credit lines secured by aircraft and fine art. This experience gave him a strong foundation in liability management, which he integrates with investment strategies and comprehensive wealth planning to help clients build durable financial solutions.
Evan’s passion is helping clients flourish across their entire journey—from founders preparing for growth and liquidity events, to executives managing complex compensation, to families building multi-generational legacies. By focusing on each client’s full balance sheet, goals, and values, he develops tailored strategies that align immediate needs with long-term vision.
He is also among a select group of advisors recognized as a Family Wealth Director, a distinction earned by fewer than 5% of Morgan Stanley advisors (2023), reflecting advanced experience in helping high-net-worth families manage complex estate and philanthropic planning.
Evan holds a BS in Business Administration from the University of Rhode Island and an MBA in Finance from Santa Clara University. Originally from New York, he worked in Morgan Stanley’s Midtown Manhattan office before relocating to the Bay Area in 2017. He and his wife live in Los Gatos with their three young children. Outside of work, Evan enjoys trail running, golf, basketball, travel, and serving on the board of The First Tee of Silicon Valley, a nonprofit supporting underserved youth.
Securities Agent: OR, CT, TN, MA, GA, AZ, DE, SD, NM, ID, FL, OH, NC, ME, IL, CO, CA, VA, MO, KS, WY, WA, MT, UT, MD, DC, WI, TX, PA, NY, NV, MN, HI, NJ; General Securities Representative; Investment Advisor Representative
NMLS#: 1062794
CA Insurance License #: 4125243
NMLS#: 1062794
CA Insurance License #: 4125243
About Peter Sylvester, CFP®
Peter Sylvester is the Team COO of The 173 Group and has been with Morgan Stanley since 2017. Before joining The 173 Group, he was a financial advisor and Senior Portfolio Manager in Burlington, Vermont with Morgan Stanley Wealth Management.
As Team COO, Peter provides business management leadership and strategic guidance while helping the Private Wealth Advisors oversee the Team’s business operations. In this role, he seeks to ensure that all the Team’s clients have access to Morgan Stanley Private Wealth Management’s broad range of research, investment and family office resources.
Peter holds the Series 7 and 66 licenses and is a CERTIFIED FINANCIAL PLANNER™. He graduated Middlebury College with a degree in Economics and Political Science. Peter lives in Menlo Park and enjoys playing golf and basketball.
As Team COO, Peter provides business management leadership and strategic guidance while helping the Private Wealth Advisors oversee the Team’s business operations. In this role, he seeks to ensure that all the Team’s clients have access to Morgan Stanley Private Wealth Management’s broad range of research, investment and family office resources.
Peter holds the Series 7 and 66 licenses and is a CERTIFIED FINANCIAL PLANNER™. He graduated Middlebury College with a degree in Economics and Political Science. Peter lives in Menlo Park and enjoys playing golf and basketball.
About Jeremy Techer
Jeremy is responsible for investment analysis, trading, and supporting Private Wealth Advisors in sourcing investment opportunities for clients. He is also responsible for streamlining and optimizing business practices to support growth as the team onboards additional clients and engages with new prospects.
He was born and raised in France and is a Mechanical Engineer by degree and a Masters in Management degree from London Business School. Jeremy is a CFA charterholder and holds Series 7 and 66 securities registrations
He was born and raised in France and is a Mechanical Engineer by degree and a Masters in Management degree from London Business School. Jeremy is a CFA charterholder and holds Series 7 and 66 securities registrations
About Ashley Steinman
Ashley joined Morgan Stanley in 2020. Prior to joining the 173 group, she worked for Morgan Stanley in Burlingame. Ashley holds Series 7, 63 and 65 licenses. In her free time, she enjoys cooking, gardening, traveling, and spending time with friends and family.
About Hailey Hagy
Hailey joined Morgan Stanley in 2025. Prior to joining the 173 Group, she worked at UBS Private Wealth Management. She holds the Series 7 and 66 licenses. She graduated from Saint Mary’s College of California with a B.S. in Economics. Hailey is a Bay Area native and enjoys training in mixed martial arts, watching Formula 1 and college softball, and exploring new countries with friends and family.
About Miles Hurd
Miles joined Morgan Stanley in 2022. Prior to joining the 173 group, he worked for Morgan Stanley Private Wealth Management in San Francisco. Miles holds both Series 7 and 66 licenses. In his free time, he enjoys golfing, playing music, reading, and spending time with family.
About Andre Duong
Andre joined Morgan Stanley Private Wealth Management in 2025. Prior to joining the 173 Group, he worked at Rockefeller Capital Management. A Bay Area Native, Andre earned his degree in Economics from UC Berkeley. Apart from work, Andre enjoys playing and watching sports with his friends and spending time with his family.
About Ben Oller
Ben joined Morgan Stanley Private Wealth Management in 2025. He recently graduated from Santa Clara University, with a major in Finance. In his free time, he enjoys golfing, rock climbing, playing pickleball, and spending time with family
Contact Ned Gibbons
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Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
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- Non-Traditional Assets
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LISTEN | Passion Assets: Investing in Art
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Managing Significant Wealth
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Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
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 Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
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
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.
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.
Morgan 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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures | Morgan Stanley
1Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
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
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.
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.
Morgan 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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
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
Awards Disclosures | Morgan Stanley
CRC 4237142 (02/2025)
