Rob Millner
The Arbor Group at Morgan Stanley
Direct:
(314) 889-0344(314) 889-0344
Toll-Free:
(866) 317-9971(866) 317-9971
Industry Award WinnerOur Mission Statement
We aspire to make financial goals a reality and enrich your life by creating tailored solutions based on sound financial advice, integrity and exceptional service.
Solving Financial Challenges through Customized Solutions
As your wealth has grown, so too has its complexities and the resources required to manage it. At The Arbor Group at Morgan Stanley, we understand the tremendous focus it takes to be successful, and the need to rely on a team of trusted advisors who has the wisdom and experience to help grow and preserve your assets.
We combine the vast resources of a premier global firm with the intimate relationship you expect from an investment boutique. You benefit from the market insights, risk management resources and analytical rigor that drive our institutional relationships. You also experience the highest standards of service, enhanced by the personal attention and commitment of our expansive team.
The word “arbor” is defined as a shelter of vines or branches, covered with climbing shrubs or vines. As a team of seasoned wealth management professionals, we strive every day to protect your wealth, while providing the strategies needed to help it grow and strengthen over time. It is why we proudly call ourselves The Arbor Group.
We combine the vast resources of a premier global firm with the intimate relationship you expect from an investment boutique. You benefit from the market insights, risk management resources and analytical rigor that drive our institutional relationships. You also experience the highest standards of service, enhanced by the personal attention and commitment of our expansive team.
The word “arbor” is defined as a shelter of vines or branches, covered with climbing shrubs or vines. As a team of seasoned wealth management professionals, we strive every day to protect your wealth, while providing the strategies needed to help it grow and strengthen over time. It is why we proudly call ourselves The Arbor Group.
Services Include
- Financial PlanningFootnote1
- Wealth ManagementFootnote2
- Retirement PlanningFootnote3
- Professional Portfolio ManagementFootnote4
- Planning for Education FundingFootnote5
- 529 PlansFootnote6
- 401(k) Rollovers
- Trust AccountsFootnote7
- Lending Products
- Fixed IncomeFootnote8
- Endowments and FoundationsFootnote9
- Asset Management
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Awards & In The Press
2023-2025 Forbes Best-In-State Wealth Management Teams
January 2025 - The Arbor Group Named to Forbes Magazine's 2025 Best-In-State Wealth Management Teams.
Source: Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Click Here to View the Full ListSource: Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
2018-2025 Forbes Best-In-State Wealth Advisors
Robert L. Millner, John W. Moore, and Adam M. Bichsel Named to Forbes Magazine's 2018-2025 Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2018-2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Click Here to View the Full ListSource: Forbes.com (Awarded 2018-2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2014-2024 Barron’s Top 1,200 Financial Advisors: State-by-State
(formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
March 2024 - Robert L. Millner Named to Barron’s 2024 Top 1,200 Financial Advisors
Source: Barrons.com (Awarded March 2014 - 2024). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Click Here to View the ListMarch 2024 - Robert L. Millner Named to Barron’s 2024 Top 1,200 Financial Advisors
Source: Barrons.com (Awarded March 2014 - 2024). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2019 Forbes America's Top Next-Gen Wealth Advisors Best-in-State
(formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
June 2019 - Adam M. Bichsel Named to Forbes Magazine's List of Best-In-State Next-Gen Wealth Advisors
Source: Forbes.com (Awarded 2019). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
June 2019 - Adam M. Bichsel Named to Forbes Magazine's List of Best-In-State Next-Gen Wealth Advisors
Source: Forbes.com (Awarded 2019). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
2019, 2021-2024 Five Star Wealth Manager Awarded to Michael Keegan
Source: fivestarprofessional.com (Awarded 2019, 2021-2024) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
• 2024 Award – 12/12/23 – 7/9/24
• 2023 Award – 12/12/22 – 6/30/23
• 2022 Award – 1/24/22 – 7/22/22
• 2021 Award – 12/28/20 – 8/6/21
• 2019 Award – 1/14/19 – 8/9/19
Award Disclosures• 2024 Award – 12/12/23 – 7/9/24
• 2023 Award – 12/12/22 – 6/30/23
• 2022 Award – 1/24/22 – 7/22/22
• 2021 Award – 12/28/20 – 8/6/21
• 2019 Award – 1/14/19 – 8/9/19
2012-2024 Five Star Wealth Manager Awarded to John Moore
Source: fivestarprofessional.com (Awarded 2012-2024) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
• 2024 Award – 12/12/23 – 7/9/24
• 2023 Award – 12/12/22 – 6/30/23
• 2022 Award – 1/24/22 – 7/22/22
• 2021 Award – 12/28/20 – 8/6/21
• 2020 Award – 1/6/20 – 8/7/20
• 2019 Award – 1/14/19 – 8/9/19
• 2018 Award – 1/26/18 – 8/15/18
• 2017 Award – 1/26/17 – 8/28/17
• 2016 Award – 3/3/16 – 8/22/16
• 2015 Award – 2/16/15 – 8/11/15
• 2014 Award – 2/16/13 – 8/11/13
• 2013 Award – 2/16/12 – 8/11/12
• 2012 Award – 2/16/11 – 8/11/11
Award Disclosures• 2024 Award – 12/12/23 – 7/9/24
• 2023 Award – 12/12/22 – 6/30/23
• 2022 Award – 1/24/22 – 7/22/22
• 2021 Award – 12/28/20 – 8/6/21
• 2020 Award – 1/6/20 – 8/7/20
• 2019 Award – 1/14/19 – 8/9/19
• 2018 Award – 1/26/18 – 8/15/18
• 2017 Award – 1/26/17 – 8/28/17
• 2016 Award – 3/3/16 – 8/22/16
• 2015 Award – 2/16/15 – 8/11/15
• 2014 Award – 2/16/13 – 8/11/13
• 2013 Award – 2/16/12 – 8/11/12
• 2012 Award – 2/16/11 – 8/11/11
Timely Topics
On The Markets
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
The GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
How to Invest for the ‘Great Rebalancing’
After years of market dominance, U.S. equities face rising challenges. Here's how to prepare for a global market rebalancing.
As AI Proliferates, What Comes Next?
A roundtable of Morgan Stanley leaders discusses how the exponential pace of AI development is creating opportunities for businesses and investors.
When Should You Take Social Security?
Deciding when to claim Social Security can have a significant effect on your retirement income. Learn how to help maximize your benefits.
2025 Tax Tables
To better assist you with this year's tax filing, please find below the 2025 Tax Tables for your reference.
Our Investment Philosophy
We believe a disciplined investment philosophy is critical to achieving your goals in today’s complex market environment. Our practice is built on the following core tenets:
Risk Management
We conduct an extensive risk profile to determine your personal level of investment risk. We then tailor strategies that put your money to work for the long-term within your risk parameters.
A Long-Term View
Chasing short-term gains can often result in bad decisions. We take a long-term approach to investing. Our philosophy is based on time in the markets, not market timing.
Dynamic & Active Portfolios
We develop highly tailored portfolios that emphasize low internal costs. We follow a dynamic asset allocation strategy and use exchange-traded funds (ETFs) where appropriate.
Full Transparency
We believe in transparency of process, research and pricing. We provide an open architecture platform with non-proprietary investments to ensure no conflict of interest.
Fee Optimization & Tax Efficiency
We primarily employ a fixed-tiered fee schedule for the services we provide. The more assets you invest through us, the lower the fee. We also incorporate tax efficiency into our recommendations.
Our Core Values
Every member of our team is dedicated to meeting the needs of you and your family. We believe the diversity of our backgrounds and experiences enables us to deliver fresh ideas for today’s complex world. Working together, we are committed to these core values:
Nurturing Long-Term Relationships
As a multigenerational team, we not only provide continuity, but a balance of perspectives to help you – and your entire family – make more informed, confident decisions. As your life evolves, we will be with you every step of the way.
“First Class Service in a First Class Way”
Committed to a concierge service model, we focus on developing a relationship that provides special value to you and your family. Our goal is to offer advice and service before you need it and to respond to every request quickly and efficiently.
Serving as Your Financial “CFO”
We provide a “one-stop” shop for all your financial needs. From asset management to retirement funding to philanthropy, we hope to be your first phone call for any financial or life decision.
Untangling Complexity Is Our Strength
We believe the more complex your financial situation, the more valuable we are to you and the more rewarding your overall experience will be.
Optimizing Technology
We have access to some of the most comprehensive wealth management tools available today to enables us to create tailored strategies for your particular goals and circumstances.
Size Matters
We deliberately manage the growth of our practice to focus on a small number of clients so we can dedicate the time, attention and superior service each family deserves.
Location
7733 Forsyth Blvd
Ste 2100
Clayton, MO 63105
US
Direct:
(314) 889-0344(314) 889-0344
Toll-Free:
(866) 317-9971(866) 317-9971
Meet The Arbor Group
John Moore
Adam Bichsel
Chris Gay
Michael Keegan
Eric Millner
Charlene D. Salyers
Wealth Management Associate
Phone:
(314) 889-9829(314) 889-9829
Michelle Hunnius
Portfolio Associate
Phone:
(314) 854-9320(314) 854-9320
Natalie Hagemann
Group Director
Phone:
(314) 889-9899(314) 889-9899
Jackie Tate
Senior Registered Client Service Associate
Phone:
(314) 854-9372(314) 854-9372
Greg Perjak
Portfolio Associate
Phone:
(314) 889-4841(314) 889-4841
About Charlene D. Salyers
Drawing on nearly 30 years of experience in the financial services industry, Charlene is firmly committed to the continued growth and success of The Arbor Group and the high net worth families and businesses they represent. Serving as a Wealth Management Associate, she is responsible for coordinating and managing the team's support staff, overseeing budgets and expenses and business and team development. Charlene also assists clients with service and administration, while keeping the team focused on key goals.
Prior to joining Morgan Stanley in 2009, Charlene worked at PaineWebber and UBS in a number of leadership and client service roles. She earned her B.A. in Finance from the University of Missouri in St. Louis.
Originally from Illinois, Charlene now lives with her husband and daughter in St. Peters, Missouri. In her free time, she enjoys spending time with her family, reading, scrapbooking, photography and travelling.
Prior to joining Morgan Stanley in 2009, Charlene worked at PaineWebber and UBS in a number of leadership and client service roles. She earned her B.A. in Finance from the University of Missouri in St. Louis.
Originally from Illinois, Charlene now lives with her husband and daughter in St. Peters, Missouri. In her free time, she enjoys spending time with her family, reading, scrapbooking, photography and travelling.
About Michelle Hunnius
Michelle is a Senior Registered Associate at The Arbor Group at Morgan Stanley. A results-driven professional with more than 30 years of experience, she is committed to building strong client relationships. She not only understands how to address each client’s concerns, but she also knows how to anticipate them. Her industry knowledge and reliability help provide clients with confidence as she works to find solutions to their financial challenges.
Born and raised in St. Louis, Michelle lives in Wildwood with her husband of 30+ years. Outside of the office she enjoys spending time with her family.
Born and raised in St. Louis, Michelle lives in Wildwood with her husband of 30+ years. Outside of the office she enjoys spending time with her family.
About Natalie Hagemann
Natalie is the Group Director at The Arbor Group at Morgan Stanley. She has worked in the financial services industry since 2011. Committed to serving as The Arbor Group’s service model champion, Natalie strives to deliver superior service to all of our clients. She is responsible for coordinating and managing several of the team’s digital platforms and outreach strategies. Natalie also assists clients with day to day service and administrative needs.
Prior to joining Morgan Stanley in 2019, Natalie worked at Merrill Lynch as a Registered Associate. She earned her B.A. in Finance from the University of Missouri-St. Louis and maintains her Series 7, 65 and 63 FINRA licenses.
Natalie is originally from Minneapolis, MN but was raised in Wildwood, MO where she still lives today. In her free time she enjoys traveling and spending time with family and friends.
Prior to joining Morgan Stanley in 2019, Natalie worked at Merrill Lynch as a Registered Associate. She earned her B.A. in Finance from the University of Missouri-St. Louis and maintains her Series 7, 65 and 63 FINRA licenses.
Natalie is originally from Minneapolis, MN but was raised in Wildwood, MO where she still lives today. In her free time she enjoys traveling and spending time with family and friends.
About Jackie Tate
Jackie brings a wealth of experience and talent to our team having begun her career in the financial services industry in 1986. She is committed to developing a deep understanding of every client’s financial needs and believes that the better she knows a client, the better she can serve them.
Jackie began her career as a Sales Assistant at R. Rowland & Co., Inc. in 1986. Over the years she has worked at Stifel Nicolaus & Co., Inc. and Merrill Lynch. Jackie maintains her Series 7, 63, and 65 FINRA licenses.
In her free time, she enjoys reading and spending time with her family.
Jackie began her career as a Sales Assistant at R. Rowland & Co., Inc. in 1986. Over the years she has worked at Stifel Nicolaus & Co., Inc. and Merrill Lynch. Jackie maintains her Series 7, 63, and 65 FINRA licenses.
In her free time, she enjoys reading and spending time with her family.
About Greg Perjak
After some time exploring the financial services industry, Greg joined Morgan Stanley as a Client Service Associate in 2009. He quickly realized the scope of his abilities, so he went on to earn his Series 7, 65, and 3 licenses. Greg joined The Arbor Group in 2020 as Portfolio Associate. He enjoys problem solving and innovating with such a skilled and experienced group.
Greg is a bit of an innovator in his free time as well, building and programming his own electronic gadgets. When not tinkering, he spends time with his Border Collie, Riley, and cheering on his beloved St. Louis sports teams.
Greg is a bit of an innovator in his free time as well, building and programming his own electronic gadgets. When not tinkering, he spends time with his Border Collie, Riley, and cheering on his beloved St. Louis sports teams.
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2023-2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Wealth Management
Global Investment Office
Portfolio Insights
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Rational Investing in an Age of Uncertainty
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Arbor Group today.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3When 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.
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.
5When 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.
6Investors 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.
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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3When 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.
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.
5When 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.
6Investors 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.
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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
