Henry J. Bernacki, III, CFP®
Executive Director, Wealth Management, Wealth Advisor
Phone:
(412) 434-8503(412) 434-8503
The Allegheny Group at Morgan Stanley
Henry J. Bernacki, III, CFP®John G. Jones, IIIPatricia L. RogusMatthew R. RuffaloAdrian C. Alexander
Direct:
(412) 434-8503(412) 434-8503
Toll-Free:
(800) 487-1879(800) 487-1879
Our Mission Statement
Comprehensive wealth planning strategies for your life and legacy
Welcome
The Allegheny Group at Morgan Stanley, since transitioning to the firm nearly 30 years ago, has provided clients with tailored investment and wealth planning solutions. We draw upon our combined experience, knowledge, and education to bring the best of Morgan Stanley to our clients from all walks of life, including but not limited to corporate executives, small business owners, emerging entrepreneurs, and medical and legal professionals, as well as retirees and wealthy families.
Through trust, The Allegheny Group builds long term relationships by adhering to our three core values:
Integrity
We always put the client’s priorities ahead of our own
Service
We anticipate and adapt to an individual’s needs to help foster a seamless client experience
Competence
We strive to grow and preserve wealth while managing risk
Our team approach provides several competitive distinctions, beginning with a time-tested process for portfolio creation. We utilize a dynamic and systematic investment philosophy which allows us to be proactive and yet react efficiently to the ever-evolving economic environment by leveraging the intellectual capital and information flow from Morgan Stanley.
Beginning with the formation of each new relationship, our team is fully informed and involved in the client’s journey to success. We take a collaborative approach towards portfolio maintenance and rebalancing in an effort to provide our clients with a level of service that matches their needs.
Through trust, The Allegheny Group builds long term relationships by adhering to our three core values:
Integrity
We always put the client’s priorities ahead of our own
Service
We anticipate and adapt to an individual’s needs to help foster a seamless client experience
Competence
We strive to grow and preserve wealth while managing risk
Our team approach provides several competitive distinctions, beginning with a time-tested process for portfolio creation. We utilize a dynamic and systematic investment philosophy which allows us to be proactive and yet react efficiently to the ever-evolving economic environment by leveraging the intellectual capital and information flow from Morgan Stanley.
Beginning with the formation of each new relationship, our team is fully informed and involved in the client’s journey to success. We take a collaborative approach towards portfolio maintenance and rebalancing in an effort to provide our clients with a level of service that matches their needs.
Services Include
- Wealth ManagementFootnote1
- Retirement PlanningFootnote2
- 401(k) Rollovers
- Financial PlanningFootnote3
- Professional Portfolio ManagementFootnote4
- Executive Financial ServicesFootnote5
- Asset Management
- Estate Planning StrategiesFootnote6
- Trust AccountsFootnote7
- Fixed IncomeFootnote8
- Corporate BondsFootnote9
- Municipal BondsFootnote10
- AnnuitiesFootnote11
- Exchange Traded FundsFootnote12
- Cash ManagementFootnote13
- Certificates of DepositFootnote14
- Foreign ExchangeFootnote15
- Alternative InvestmentsFootnote16
- FuturesFootnote17
- CommoditiesFootnote18
- Precious MetalsFootnote19
- Life InsuranceFootnote20
- Long Term Care InsuranceFootnote21
- Planning for Education FundingFootnote22
- 529 PlansFootnote23
- UGMA/UTMAFootnote24
- Lending Products
- Qualified Retirement PlansFootnote25
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Suite of Digital Tools
Digital technology is centered on how people communicate, consume, transact, and travel. Our comprehensive suite of digital tools is designed to help enhance every aspect of your financial life. Here are a few of the technologies we have to offer our clients.
Morgan Stanley Online (MSO)
Beyond viewing your account balance and activity, Morgan Stanley Online (MSO) has a suite of features that allow you to manage your everyday finances from paying bills and sending money to transferring funds and authorizing transactions with one click using eAuthorizations.
Morgan Stanley Online
LifeView Financial Goal Analysis and Financial Plan
This questionnaire will help us create a personalized strategy for you and can enhance our conversation around your long-term goals.
To View Questionnaire
Tax Table
A comprehensive breakdown of the 2024 tax table to assist in your investment decisions.
View The 2024 Tax Table
Spending and Budgeting Tool
Track spending habits, categorize expenses and create budgets across your Morgan Stanley and external financial accounts with our Spending and Budgeting Tool. We make it easy for you and your financial advisor to oversee trends in your financial life.
Spending and Budgeting Tool
eDelivery
eDelivery provides you with the ability to view statements and other Firm documents electronically in lieu of paper. Clients who are registered in Morgan Stanley Online (MSO) may enroll in eDelivery.
eDelivery
Digital Vault
The Digital Vault on Morgan Stanley Online and the Mobile App allows for easy sharing and convenient access to life’s most important documents from wills and deeds to financial statements and tax fillings. Easily manage your encrypted financial records all in one place.
Digital VaultWorking With You
When it comes to serving our clients, our goal is to go beyond the efficient management of your wealth and help create a road map to guide you towards a future worth striving for. As a team we leverage our diversity of experience to generate unique solutions to age-old dilemmas while employing a client service model to keep you informed. Our goal is to earn your trust through our diligent and transparent communication as well as through the methods with which we are able to address your concerns.
Our investment philosophy is premised on the notion of an all-embracing understanding of your life. Your strategy should not only consider your financial pretensions but also incorporate the personal ambitions that remain a priority in your life. We are proud of the long-term relationships we have with our clients and are continuously satisfied when we are able to help one generation pass on their legacy to the next. Complementing our approach to capital preservation and growth is our belief in the maximization of diversification. Our extensive asset allocation strategy incorporates all major sub asset classes while observing and accounting for economic conditions, market trends, and more importantly - life changes.
Through his extensive experience, our founder, Ronald Tambellini, has cultivated within the team a thoughtful approach towards identifying opportunities while helping clients navigate the trends with confidence. By leveraging the resources of Morgan Stanley our clients are able to gain access to an industry leading investment platform, comprehensive lending resources, and a wide range of subject matter experts. Among our suite of modern wealth resources is our planning platform which helps to create an effective wealth plan by integrating your financial resources, risk parameters, and personal aspirations.
Our clients are like family to us and we look forward to being able to have a conversation around helping you prepare for a successful future.
Our investment philosophy is premised on the notion of an all-embracing understanding of your life. Your strategy should not only consider your financial pretensions but also incorporate the personal ambitions that remain a priority in your life. We are proud of the long-term relationships we have with our clients and are continuously satisfied when we are able to help one generation pass on their legacy to the next. Complementing our approach to capital preservation and growth is our belief in the maximization of diversification. Our extensive asset allocation strategy incorporates all major sub asset classes while observing and accounting for economic conditions, market trends, and more importantly - life changes.
Through his extensive experience, our founder, Ronald Tambellini, has cultivated within the team a thoughtful approach towards identifying opportunities while helping clients navigate the trends with confidence. By leveraging the resources of Morgan Stanley our clients are able to gain access to an industry leading investment platform, comprehensive lending resources, and a wide range of subject matter experts. Among our suite of modern wealth resources is our planning platform which helps to create an effective wealth plan by integrating your financial resources, risk parameters, and personal aspirations.
Our clients are like family to us and we look forward to being able to have a conversation around helping you prepare for a successful future.
Investment Insight From Our Desk To Yours
We hold a firm belief in the education of our clients as well as being able to provide access to unique insight from our team. Check here regularly to stay up-to-date with the market and our team.
Thoughts On The Market Podcast
Join Mike Wilson, Chief Investment Officer and Chief Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen to the Episode
The GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance, and fixed income
Read the Latest Report
On The Markets Research Report
From our Chief Investment Officer and Chief US Equity Specialist, Michael Wilson covers the monthly perspectives from the Global Investment Committee.
Read the Latest ReportUpcoming Firm Events
We hope you will join us for this upcoming event.
U.S. Policy Pulse: Trump 2.0 and the Markets
DATE: February 25, 2025 at 4:15 p.m. ETJoin Morgan Stanley Wealth Management Chief Investment Officer, Lisa Shalett, on Tuesday, February 25, for a conversation with Chief Economic Strategist and Global Head of Thematic and Macro Investing, Ellen Zentner, and Head of U.S. Public Policy, Monica Guerra, on the top policy and regulatory actions that could impact investors in the months ahead.
CRC4192005 02/2025
Online
Location
1 Ppg Place
Ste 1300
Pittsburgh, PA 15222
US
Direct:
(412) 434-8503(412) 434-8503
Toll-Free:
(800) 487-1879(800) 487-1879
Meet The Allegheny Group
John G. Jones, III
Senior Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(412) 434-8519(412) 434-8519
First Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist, Portfolio Manager
Phone:
(412) 392-5850(412) 392-5850
Matthew R. Ruffalo
Vice President, Wealth Management, Consulting Group Analyst
Phone:
(412) 803-2111(412) 803-2111
Adrian C. Alexander
Registered Client Service Associate
Phone:
(412) 803-2145(412) 803-2145
About Henry J. Bernacki, III
Henry J. Bernacki, III (Hank) is a Senior Vice President, Senior Portfolio Manager, and Wealth Advisor with The Allegheny Group at Morgan Stanley. With over 20 years of experience, Hank brings a unique perspective to the group by utilizing a lifetime of acquired skills to help clients save for the future and protect what’s most important to them. Hank assists clients in all areas of the financial planning process from generating portfolio strategies to asset implementation and supervision. Hank's disciplined approach to portfolio monitoring and communication enables clients to not just stay up-to-date but remain involved in their success.
A graduate of Duquesne University, Hank earned his bachelor's degree in Business Administration majoring in Finance and minoring in Accounting. Hank makes every effort to improve his ability to serve his clients which is why one year after joining Morgan Stanley in 2001, he earned his Wealth Advisor designation and in 2007 his Certified Financial Planner (CFP®) certification. Hank extends this ideal of amelioration to his clients by ensuring that their financial plans genuinely encompass their individual aspirations.
Hank's passion for client service extends beyond the wealth accumulation phase and into the distribution phase as he not only helps to ensure that his clients achieve their objectives but also leave a legacy future generations can be proud of. He truly enjoys working with families and as such is committed to helping grow his team by leveraging a variety of marketing resources and business building practices.
Hank currently resides in Cranberry Township, PA with his wife Anne and their three children Isabelle, Henry IV, and George. Hank is an avid golfer and passionate about running. He completed his first marathon in Pittsburgh in 2015.
A graduate of Duquesne University, Hank earned his bachelor's degree in Business Administration majoring in Finance and minoring in Accounting. Hank makes every effort to improve his ability to serve his clients which is why one year after joining Morgan Stanley in 2001, he earned his Wealth Advisor designation and in 2007 his Certified Financial Planner (CFP®) certification. Hank extends this ideal of amelioration to his clients by ensuring that their financial plans genuinely encompass their individual aspirations.
Hank's passion for client service extends beyond the wealth accumulation phase and into the distribution phase as he not only helps to ensure that his clients achieve their objectives but also leave a legacy future generations can be proud of. He truly enjoys working with families and as such is committed to helping grow his team by leveraging a variety of marketing resources and business building practices.
Hank currently resides in Cranberry Township, PA with his wife Anne and their three children Isabelle, Henry IV, and George. Hank is an avid golfer and passionate about running. He completed his first marathon in Pittsburgh in 2015.
Securities Agent: NC, IL, ID, CA, GA, AK, TN, OK, NJ, MO, AL, DC, WV, PR, OH, UT, NY, NH, HI, IA, DE, WY, VA, PA, NV, ME, LA, CO, WI, MS, AZ, SC, CT, WA, TX, SD, RI, MD, MA, IN, FL, MI; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1279651
CA Insurance License #: 0H92253
NMLS#: 1279651
CA Insurance License #: 0H92253
About John G. Jones, III
John G. Jones, III is a First Vice President, Financial Advisor, and Financial Planning Specialist with The Allegheny Group at Morgan Stanley. Among his many responsibilities, John focuses on diversifying the team’s clientele from corporate executives and business owners to attorneys and physicians. In this way, the team has a diverse set of skills and experience assisting individuals from a variety of backgrounds. In collaboration with his colleagues Henry Bernacki and Matthew Ruffalo, John helps develop and implement effective investment portfolio strategies to support their clients towards achieving their financial goals.
A graduate of the University of Pittsburgh, John was a recognized University Scholar during which he earned his bachelor's degree in Health Science. Prior to joining Morgan Stanley in 2011, John had the privilege of working for three Fortune 500 bio-pharmaceutical companies: Sanofi, Wyeth, and Thermo Fisher Scientific, where John received several national sales awards while operating within business development and sales.
To accurately assess his clients' financial needs and objectives John focuses on the unique aspects of their lives such as corporate benefits including insurance, retiree medical assistance, and retirement savings. By integrating these significant details, John is able to help develop comprehensive wealth strategies that allow his clients to prepare for the future with peace of mind.
John currently lives in Allison Park, PA with his two children Mia and Brady. Outside of work John enjoys staying physically active, spending time with his family and friends, and coaching his children’s youth basketball teams.
A graduate of the University of Pittsburgh, John was a recognized University Scholar during which he earned his bachelor's degree in Health Science. Prior to joining Morgan Stanley in 2011, John had the privilege of working for three Fortune 500 bio-pharmaceutical companies: Sanofi, Wyeth, and Thermo Fisher Scientific, where John received several national sales awards while operating within business development and sales.
To accurately assess his clients' financial needs and objectives John focuses on the unique aspects of their lives such as corporate benefits including insurance, retiree medical assistance, and retirement savings. By integrating these significant details, John is able to help develop comprehensive wealth strategies that allow his clients to prepare for the future with peace of mind.
John currently lives in Allison Park, PA with his two children Mia and Brady. Outside of work John enjoys staying physically active, spending time with his family and friends, and coaching his children’s youth basketball teams.
Securities Agent: FL, HI, VA, TX, NC, MA, CT, AZ, WI, MI, DC, CO, PA, OK, OH, NY, MO, LA, CA, WA, WY, UT, NV, NH, MS, AL, SD, NJ, ME, IN, GA, TN, RI, WV, PR, IL, IA, AK, SC, MD, ID; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1294046
CA Insurance License #: 0M00505
NMLS#: 1294046
CA Insurance License #: 0M00505
About Patricia L. Rogus
Patricia Rogus is a First Vice President, Portfolio Manager, and Financial Planning Specialist at Morgan Stanley. She has 27 years of wealth management experience starting with Smith Barney in 1996. She joined Morgan Stanley through the Smith Barney merger. She was named by the Five Star Professional "A Five Star Wealth Manager" from 2012-2022, as this award was published in the Pittsburgh Magazine.
By putting her clients first and sincerely caring about their future, Patricia has developed a successful practice dedicated to building and enhancing long term relationships. Her client base is relatively small so she can provide personal attention to each individual’s situation. She is willing to spend hours to get to know the client, their family, their values, concerns, whether financial or otherwise. Her favorite part of the business is when clients share their success stories.
As a Financial Planning Specialist, Patricia develops retirement plans, retirement distribution plans, investment plans, education funding plans, and estate planning and stock option strategies. Patricia can provide access to a full range of investment products and services including stocks, bonds, mutual funds, managed accounts, options, annuities, IRAs, and access to lending services. She is also insurance licensed and can assist in life, long term care, and annuities. Patricia holds a Portfolio Manager designation. As a Portfolio Manager, Patricia can manage investment advisory accounts on a discretionary basis.
Before becoming a Financial Advisor, Patricia worked as an industrial engineer at a steel mill and later as a project engineer for a manufacturing company. Having an engineering mindset gives Patricia the advantage of bringing an analytical and detailed-oriented perspective to financial planning and portfolio management.
Patricia was born and raised in the Pittsburgh area. She earned a MBA from the University of Pittsburgh and an undergraduate degree in Mathematics from Carnegie Mellon University, where she graduated with University Honors. Along with her Financial Planning Specialist and Portfolio Manager designations, Patricia has Series 7, Series 63, and Series 65 licenses.
Community involvement is very important to Patricia. She participates in numerous activities at her church including singing in the choir. Patricia lives in Pittsburgh with her husband and son. In her free time, she enjoys traveling, singing, and watching sports. She is an avid Penguins, Pirates, and Steelers fan as well as cheering for Duquesne and Carnegie Mellon men’s and women’s basketball.
The individuals mentioned as the Portfolio Manager is Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
2012-2022 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2022) The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria. The award was not based on a specific time period.
By putting her clients first and sincerely caring about their future, Patricia has developed a successful practice dedicated to building and enhancing long term relationships. Her client base is relatively small so she can provide personal attention to each individual’s situation. She is willing to spend hours to get to know the client, their family, their values, concerns, whether financial or otherwise. Her favorite part of the business is when clients share their success stories.
As a Financial Planning Specialist, Patricia develops retirement plans, retirement distribution plans, investment plans, education funding plans, and estate planning and stock option strategies. Patricia can provide access to a full range of investment products and services including stocks, bonds, mutual funds, managed accounts, options, annuities, IRAs, and access to lending services. She is also insurance licensed and can assist in life, long term care, and annuities. Patricia holds a Portfolio Manager designation. As a Portfolio Manager, Patricia can manage investment advisory accounts on a discretionary basis.
Before becoming a Financial Advisor, Patricia worked as an industrial engineer at a steel mill and later as a project engineer for a manufacturing company. Having an engineering mindset gives Patricia the advantage of bringing an analytical and detailed-oriented perspective to financial planning and portfolio management.
Patricia was born and raised in the Pittsburgh area. She earned a MBA from the University of Pittsburgh and an undergraduate degree in Mathematics from Carnegie Mellon University, where she graduated with University Honors. Along with her Financial Planning Specialist and Portfolio Manager designations, Patricia has Series 7, Series 63, and Series 65 licenses.
Community involvement is very important to Patricia. She participates in numerous activities at her church including singing in the choir. Patricia lives in Pittsburgh with her husband and son. In her free time, she enjoys traveling, singing, and watching sports. She is an avid Penguins, Pirates, and Steelers fan as well as cheering for Duquesne and Carnegie Mellon men’s and women’s basketball.
The individuals mentioned as the Portfolio Manager is Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
2012-2022 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2022) The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria. The award was not based on a specific time period.
Securities Agent: SD, CO, VA, UT, GA, TX, MD, HI, CT, AK, ME, DC, PR, NJ, MA, FL, WI, IL, AL, WA, SC, PA, NH, MS, IN, ID, CA, AZ, WV, NC, MI, LA, TN, OH, NY, NV, MO; General Securities Representative; Investment Advisor Representative
NMLS#: 1268369
CA Insurance License #: 0C09799
NMLS#: 1268369
CA Insurance License #: 0C09799
About Matthew R. Ruffalo
Matthew R. Ruffalo is a Vice President and Consulting Group Analyst with The Allegheny Group at Morgan Stanley. Matthew provides ongoing attention to client portfolios and consistently monitors the investment and manager universe available to the clients of Morgan Stanley.
Prior to joining the team in 2004, Matthew earned his B.A. in Economics from Fordham University with a minor in Business Administration. Matthew participates in the overall business development of clientele by working closely with his colleagues Henry Bernacki and John Jones on reporting, portfolio analysis and maintenance, financial planning, and marketing strategy. Matthew maintains responsibility over the performance metrics of client accounts and the team’s trading and portfolio implementation strategy.
Matthew currently resides in Upper St. Clair with his wife Jessica and their two daughters Riley and Olivia. In addition to being an avid skier, Matthew is passionate about his participation in Y-Princesses, a YMCA father/daughter program.
Prior to joining the team in 2004, Matthew earned his B.A. in Economics from Fordham University with a minor in Business Administration. Matthew participates in the overall business development of clientele by working closely with his colleagues Henry Bernacki and John Jones on reporting, portfolio analysis and maintenance, financial planning, and marketing strategy. Matthew maintains responsibility over the performance metrics of client accounts and the team’s trading and portfolio implementation strategy.
Matthew currently resides in Upper St. Clair with his wife Jessica and their two daughters Riley and Olivia. In addition to being an avid skier, Matthew is passionate about his participation in Y-Princesses, a YMCA father/daughter program.
CA Insurance License #: 0L96267
About Adrian C. Alexander
Adrian C. Alexander is a Registered Client Service Associate with The Allegheny Group at Morgan Stanley. Adrian’s primary focus is to ensure a seamless service experience for all clients which includes account maintenance and servicing, digital experience education, and fostering lasting relationships.
Prior to joining Morgan Stanley in 2021, Adrian held positions at BNY Mellon in Tax Reporting and Compliance and Wealth Management Service Delivery. He has eight years of experience in the financial services industry and currently holds the Series 7 and Series 66 securities licenses. Adrian earned a B.A. in Finance from the University of Pittsburgh and a B.A. in Computer Systems Technology from Duquesne University.
Adrian currently resides in Station Square. Outside of work, Adrian enjoys powerlifting, swimming, running, and spending quality time with his Fox Red Labrador Retriever named Fahrenheit.
Prior to joining Morgan Stanley in 2021, Adrian held positions at BNY Mellon in Tax Reporting and Compliance and Wealth Management Service Delivery. He has eight years of experience in the financial services industry and currently holds the Series 7 and Series 66 securities licenses. Adrian earned a B.A. in Finance from the University of Pittsburgh and a B.A. in Computer Systems Technology from Duquesne University.
Adrian currently resides in Station Square. Outside of work, Adrian enjoys powerlifting, swimming, running, and spending quality time with his Fox Red Labrador Retriever named Fahrenheit.
Contact Henry J. Bernacki, III
Contact John G. Jones, III
Contact Patricia L. Rogus
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
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
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
Are You Prepared for Tax Day?
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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
Donor Advised Funds: A Smart Way to Manage Your Giving
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Ready to start a conversation? Contact The Allegheny Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
2When 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.
3Morgan 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.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Morgan 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Municipal 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.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
13Morgan 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
14Investors 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.
15GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
16Alternative 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.
17Investing in futures and options on futures contracts entails significant risks. Prices of futures and options on futures contracts may be affected by a variety of factors at any time, including but not limited to, (i) changes in supply and demand relationships, (ii) governmental programs and policies, (iii) national and international political and economic events, war and terrorist events, (iv) changes in interest and exchange rates, (v) trading activities in the underlying assets or commodities and related contracts, (vi) pestilence, technological change and weather and (vii) the price volatility of a commodity or asset. In addition, the futures markets may be subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
18Investing in commodities entails significant risks. The commodities markets may fluctuate widely based on a variety of factors including changes in supply and demand relationships; governmental programs and policies; national and international political and economic events; war and terrorist events; changes in interest and exchange rates; trading activities in commodities and related contracts; pestilence; weather; technological change; and, the price volatility of a commodity. In addition, the commodities markets are subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
19Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
20Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
21Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
22When 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.
23Investors 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.
24Morgan 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.
25When 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
2When 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.
3Morgan 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.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Morgan 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Municipal 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.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
13Morgan 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
14Investors 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.
15GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
16Alternative 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.
17Investing in futures and options on futures contracts entails significant risks. Prices of futures and options on futures contracts may be affected by a variety of factors at any time, including but not limited to, (i) changes in supply and demand relationships, (ii) governmental programs and policies, (iii) national and international political and economic events, war and terrorist events, (iv) changes in interest and exchange rates, (v) trading activities in the underlying assets or commodities and related contracts, (vi) pestilence, technological change and weather and (vii) the price volatility of a commodity or asset. In addition, the futures markets may be subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
18Investing in commodities entails significant risks. The commodities markets may fluctuate widely based on a variety of factors including changes in supply and demand relationships; governmental programs and policies; national and international political and economic events; war and terrorist events; changes in interest and exchange rates; trading activities in commodities and related contracts; pestilence; weather; technological change; and, the price volatility of a commodity. In addition, the commodities markets are subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
19Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
20Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
21Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
22When 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.
23Investors 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.
24Morgan 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.
25When 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)
