Senior Vice President, Wealth Management, Financial Advisor, Portfolio Management Director
Phone:
(561) 393-1549(561) 393-1549
The Argon Group at Morgan Stanley
Direct:
(561) 393-1549(561) 393-1549
Toll-Free:
(800) 326-5331(800) 326-5331
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
Our Story
Today, successful, intelligent investors expect a higher level of service and advice than our industry made available even as recent as ten or fifteen years ago. Today’s professional relationships are built on trust, care and long-term investment relationship, not just on buying and selling products. The Argon Group enhances our client’s experience in working with us by providing monthly newsletters, bi-monthly magazines, weekly market updates and making sure that we speak to you on a regular basis. We interact with each of our clients at least 50-70 times a year, whether by mail, prints, phone and/or in person.
We view all our clients as swimmers in a vast ocean of uncertain tides and waves. As their lifeguards, we are always monitoring the waters. We work hard to educate, protect and guide you to shore. We customize our approach to each client by actively listening to your needs and concerns. Once we understand what a client wants, we craft an investment strategy designed to help you navigate through the market and the economic environment that contains hundreds of unpredictable forces. We try to account for many of these through proper diversification and asset allocation. Over time, this strategy has potential to enhance your chances of achieving your financial goals and to ride out most storms.
We primarily serve individuals, families and businesses with $1 million or more in investable assets. We focus on portfolio and risk management strategies designed to address growth, protection, preservation and distribution of each client’s holdings during his or her life or after death.
It takes skill and experience in assuming the responsibility for guiding families carefully through the complex issues of wealth management. Over the past 25 years, we think we have succeeded in helping people achieve their most critical goals. Our hard work is often rewarded by enthusiastic client referrals, which is how we like to do business.
Asset allocation and diversification do not guarantee a profit or protect against a loss in a declining financial market.
We view all our clients as swimmers in a vast ocean of uncertain tides and waves. As their lifeguards, we are always monitoring the waters. We work hard to educate, protect and guide you to shore. We customize our approach to each client by actively listening to your needs and concerns. Once we understand what a client wants, we craft an investment strategy designed to help you navigate through the market and the economic environment that contains hundreds of unpredictable forces. We try to account for many of these through proper diversification and asset allocation. Over time, this strategy has potential to enhance your chances of achieving your financial goals and to ride out most storms.
We primarily serve individuals, families and businesses with $1 million or more in investable assets. We focus on portfolio and risk management strategies designed to address growth, protection, preservation and distribution of each client’s holdings during his or her life or after death.
It takes skill and experience in assuming the responsibility for guiding families carefully through the complex issues of wealth management. Over the past 25 years, we think we have succeeded in helping people achieve their most critical goals. Our hard work is often rewarded by enthusiastic client referrals, which is how we like to do business.
Asset allocation and diversification do not guarantee a profit or protect against a loss in a declining financial market.
Services Include
- Professional Portfolio ManagementFootnote1
- Asset Management
- Wealth ManagementFootnote2
- Wealth PlanningFootnote3
- Institutional ServicesFootnote4
- Estate Planning StrategiesFootnote5
- Trust ServicesFootnote6
- Trust AccountsFootnote7
- Philanthropic ManagementFootnote8
- Executive Financial ServicesFootnote9
- Endowments and FoundationsFootnote10
- Fixed IncomeFootnote11
- Municipal BondsFootnote12
- Retirement PlanningFootnote13
- Life InsuranceFootnote14
- Financial PlanningFootnote15
- AnnuitiesFootnote16
- 529 PlansFootnote17
- Cash Management and Lending ProductsFootnote18
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Financial Planning
Goals you set today will evolve over time. Our process is designed to evolve with them - and with the changing circumstances of your life. Holistic in its approach, our planning process will encompass virtually all the elements of your financial and personal life, seeking to make sure they align with your current and future goals.
Leveraging a sophisticated suite of analytical tools, as well as decades of industry experience, our team can help you take charge of your financial future and achieve your goals.
Leveraging a sophisticated suite of analytical tools, as well as decades of industry experience, our team can help you take charge of your financial future and achieve your goals.
Chartered Retirement Plans Specialist® (CRPS®)
The Chartered Retirement Plans Specialist® (CRPS®) designation demonstrates knowledge in administering retirement plans for businesses and wholesale clients.
Magnus holds this designation.
Magnus holds this designation.
Certified Portfolio Manager® (CPM®)
The Certified Portfolio Manager® (CPM®) Designation allows a financial professional to showcase their specialty in discretionary portfolio management and carrying out investment decisions on behalf of individuals and institutions.
Michael holds this designation.
Michael holds this designation.
Chartered Retirement Planning Counselor® (CRPC®)
The Chartered Retirement Planning Counselor® (CRPC®) designation is earned from certification through a program focused on the entire retirement planning process, from setting financial goals to income streams and estate planning.
Both Magnus and Michael hold this designation.
Both Magnus and Michael hold this designation.
Goals Planning System (GPS)
Goals Planning System (GPS) is Morgan Stanley’s own integrated planning tool. Built on the Firm’s intellectual capital and capabilities, GPS is an intuitive and efficient platform used to quickly assess whether a client is “On Track” to achieving their financial goals.
Goals Planning System
Portfolio Risk Platform
The Portfolio Risk Platform integrates the leading risk analytics engine into Morgan Stanley Wealth Management’s platform to help improve the quality, transparency, and efficiency of the end to end risk management processes for the Firm and our Clients.
Watch the Video on our Portfolio Risk Platform
Spending and Budgeting Tool
One way to manage savings is by using Morgan Stanley’s Spending and Budgeting tool. This tool helps advisors monitor client cash flows across both internal and external accounts. It also tracks spending patterns and produces an income and expense analysis to help clients achieve their goals by adjusting their spending behavior when necessary.
Spending and Budgeting ToolFamily Office Resources
Family Office Resources Overview
This slide deck provides more information about Morgan Stanley's suite of Family Office Resources, touching upon the complex, multigenerational wealth management issues of high net worth families like yours, the evolution of your family's needs, and the moving parts to consider when putting the foundational elements in place.
Family Office Resources Overview
Portfolio Construction
Take a look at the following deck to get additional clarity on some important questions to consider for your wealth management journey:
○ How can I find high-quality emerging managers?
○ How do I identify leading managers across my entire asset allocation?
○ Are the fees I'm being charged worth the services I am receiving?
Portfolio Construction Deck○ How can I find high-quality emerging managers?
○ How do I identify leading managers across my entire asset allocation?
○ Are the fees I'm being charged worth the services I am receiving?
Philanthropy Management
Use this document to better understand how Family Office Resources can help with your Philanthropy Management strategy. Specifically, learn more about:
○ Advisory Services
○ Giving Assistance
○ Connections
Philanthropy Management Document○ Advisory Services
○ Giving Assistance
○ Connections
Family Governance & Wealth Education
Give this document a read to learn more about some ideas to consider to better guide your overall family governance structure and education.
Family Governance & Wealth Education
Estate Planning Strategies
The goal is to provide you with quantitative analyses of complex situations and scenarios, tailored to your unique needs to help quantify the degree and direction of making or not making a decision.
Estate Planning Strategies One Pager
Lifestyle Advisory Offering
Check out this one pager covering some of our lifestyle solutions, from every day to extraordinary aspects of your life:
○ Travel & Concierge Services
○ Health & Security Advisory
○ Personal Enrichment
○ Tangible Asset Management
○ Financial Administration
Lifestyle Advisory Offering One Pager○ Travel & Concierge Services
○ Health & Security Advisory
○ Personal Enrichment
○ Tangible Asset Management
○ Financial Administration
Wealth Strategies & Planning Tools
This slide deck covers some of the ways our Family Office specialists can help out with your financial planning needs. Take a look for additional clarity on the following questions:
○ How should I think about investments in the context of my estate plan, tax situation, and anticipated spending?
○ What is the appropriate asset allocation that balances risk vs. reward and will best help me achieve my goals?
○ What choices do I have with respect to my stock options and shares?
○ What decisions can I make today to improve my wealth over time?
Wealth Strategies & Planning Tools Slide Deck○ How should I think about investments in the context of my estate plan, tax situation, and anticipated spending?
○ What is the appropriate asset allocation that balances risk vs. reward and will best help me achieve my goals?
○ What choices do I have with respect to my stock options and shares?
○ What decisions can I make today to improve my wealth over time?
Retirement Planning Resources
Do You Know What Retirement Will Cost?
This slide shows the estimated total cost of retirement, which varies by an investor's income level prior to retiring.
Do You Know What Retirement Will Cost?
Tax Implication for Retirement Savings by Account Type
This slide visually depicts the tax advantages and disadvantages of specific retirement accounts.
Tax Implication for Retirement Savings by Account Type
The Paradigm Has Shifted
This slide describes the changing retirement planning landscape.
The Paradigm Has Shifted
It's Not Your Parents' Retirement
This slide explains how Americans can no longer rely on employer sponsored pension plans.
It's Not Your Parents' Retirement
Retirement Planning & Long-Term Care
This slide defines LTC as a piece of the retirement and estate planning puzzle
Retirement Planning & Long-Term Care
Retirement Planning Should Account for Typical Spending Patterns
This slide illustrates the need to account for typical spending patterns when planning retirement.
Retirement Planning Should Account for Typical Spending PatternsRetirement Navigation Process
If you and your family had a discussion three years from today, what has to have happened in a personal, professional and financial sense for you to be happy with your progress over those three years?
Take a look at the steps below to get a better sense of the important factors that affect your retirement.
Take a look at the steps below to get a better sense of the important factors that affect your retirement.
Step 1: Assets
Your assets may include, 401(K), 403(b), 457 plans, lump sum pensions, real estate, investment accounts, bank accounts, stock options, stock purchase plans, and business assets.
Step 2: Liabilities
In general, we advise our clients to be debt free in retirement. Before you retire, it's important to examine all your liabilities.
Liabilities may include; mortgages, lines of credit, student loans, vehicle loans, credit cards, and business loans.
Liabilities may include; mortgages, lines of credit, student loans, vehicle loans, credit cards, and business loans.
Step 3: Income
In retirement, you'll likely need to generate enough income to maintain your current lifestyle. You may have multiple sources of fixed income including pension payments and Social Security. You may also have other sources of fixed income as well during retirement.
Your retirement income gap is the amount above your fixed income needed to live on. The additional amount will likely need to be generated by your investments. We can design a custom retirement income plan for you and your family.
Your retirement income gap is the amount above your fixed income needed to live on. The additional amount will likely need to be generated by your investments. We can design a custom retirement income plan for you and your family.
Step 4: Expenses
Knowing what your expenses will be in retirement is critical. During the accumulation years of your life, savings rates are the key to success. During retirement however, withdrawal rates matter the most.
Our technology can help you manage and track your expenses to help make sure your plan remains successful throughout retirement.
Our technology can help you manage and track your expenses to help make sure your plan remains successful throughout retirement.
Step 5: Risk Management
It's important to make sure your plan has the proper guardrails to keep you and your family on track.
Some of these guardrails include insurance planning. We recommend reviewing your term, whole life, or long term care insurance needs prior to retirement.
Some of these guardrails include insurance planning. We recommend reviewing your term, whole life, or long term care insurance needs prior to retirement.
Step 6: Estate Planning Strategies
As you approach retirement, it's important to make sure your estate planning strategy is aligned with your investment and financial plans.
You may consider hiring an estate attorney who can help design wills, trusts, powers of attorney, and medical directives.
You may consider hiring an estate attorney who can help design wills, trusts, powers of attorney, and medical directives.
Step 7: Assembling Your Team
Before and during retirement, it's important your personal tax advisor, personal estate planning attorney, and financial advisor communicate regularly and operate as a virtual team on your behalf. Your virtual team should meet with you and your family at least annually.
Step 8: Continued Monitoring
Approaching and during retirement, it's important to check up on your investment and financial plans to make sure they are on track.
Our technology can help track and manage your plans to help ensure they are successful throughout retirement.
Our technology can help track and manage your plans to help ensure they are successful throughout retirement.
Location
595 So Federal Hwy
Ste 400
Boca Raton, FL 33432
US
Direct:
(561) 393-1549(561) 393-1549
Toll-Free:
(800) 326-5331(800) 326-5331
Fax:
(561) 394-0408(561) 394-0408
Meet The Argon Group
Phone:
(561) 393-1547(561) 393-1547
Lise Gurian
Registered Client Service Associate
Phone:
(561) 393-1570(561) 393-1570
About Magnus F Virgin
After moving to the U.S. from Sweden in 1991 to attend Florida International University, Magnus Virgin was working on his Master of Science in Finance when, in 1994, a friend who owned a small brokerage firm in Miami Beach offered him a job while he completed his education. When the firm sold in 1996, Magnus left, moving on to positions at larger firms such as Merrill Lynch and Bank of America Investments. He joined Oppenheimer & Co. Inc. in 2009 as a Director of Investments and OMEGA Portfolio Manager. In February 2013 he resigned from Oppenheimer & Co. Inc. and joined Morgan Stanley Wealth Management in Boca Raton, as a Senior Vice President & Portfolio Manager.
Magnus holds the Chartered Retirement Planning CounselorSM (CRPC®) and the Chartered Retirement Plans SpecialistSM (CRPS®) designations from the College of Financial Planning. He believes that these accomplishments enhanced his knowledge and his investment discipline while the continuing education requirements help keep him informed of new rules and topics to pass along to his clients.
Magnus served in the Swedish military and continues to be active with veteran causes in the U.S. such as House in the Woods and AHero USA. Both organizations work with U.S. veterans and their families to aid them in recovery from physical wounds and psychological trauma by creating therapeutic, recreational, and educational activities. Other charitable organizations he supports are Pace Center for Girls and the American Cancer Society. Magnus also teaches MMA (Mixed Martial Arts), Brazilian Jiu-Jitsu (BJJ), and Judo at American Top Team Deerfield Beach.
Magnus holds the Chartered Retirement Planning CounselorSM (CRPC®) and the Chartered Retirement Plans SpecialistSM (CRPS®) designations from the College of Financial Planning. He believes that these accomplishments enhanced his knowledge and his investment discipline while the continuing education requirements help keep him informed of new rules and topics to pass along to his clients.
Magnus served in the Swedish military and continues to be active with veteran causes in the U.S. such as House in the Woods and AHero USA. Both organizations work with U.S. veterans and their families to aid them in recovery from physical wounds and psychological trauma by creating therapeutic, recreational, and educational activities. Other charitable organizations he supports are Pace Center for Girls and the American Cancer Society. Magnus also teaches MMA (Mixed Martial Arts), Brazilian Jiu-Jitsu (BJJ), and Judo at American Top Team Deerfield Beach.
Securities Agent: DE, TN, MI, MN, WI, MD, NY, IL, SC, CA, UT, KY, TX, NC, FL, DC, OK, MT; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 1265131
NMLS#: 1265131
About Michael Herzberg
Michael Herzberg grew up in Florida on Miami Beach. His earliest investment mentor was his father. Because of their shared fascination for the investment industry, Michael began investing his own money during the early 1990s even before attending college. He attended Miami Dade Community College and Florida Atlantic University. In 1998, he became part of Bank of America’s Premier Banking and Wealth Management. In 2003, he met Magnus and, in 2004, they began to work together. Moving as a team to Oppenheimer & Co. Inc. in 2009, they formed The Argon Group. In February 2013 they moved as a team to their new home at Morgan Stanley Wealth Management.
Like Magnus, Michael holds the Chartered Retirement Planning CounselorSM (CRPC®) designations from the College of Financial Planning.
Like Magnus, Michael holds the Chartered Retirement Planning CounselorSM (CRPC®) designations from the College of Financial Planning.
Securities Agent: MI, OK, MN, NC, KY, WI, TX, TN, MT, DC, CA, IN, IL, FL, SC, NY, MD, DE, UT; General Securities Representative; Investment Advisor Representative
NMLS#: 1272875
NMLS#: 1272875
Contact Magnus F Virgin
Contact Michael Herzberg
Wealth Management
Global Investment Office
Portfolio Insights
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1Morgan 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.
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.
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.
Morgan 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.
4Morgan 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.
5Morgan 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.
6Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan 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.
8Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan 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.
9Morgan 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.
10Morgan 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.
11Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
12Municipal 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.
13When 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.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Morgan 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.
16Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
17Investors 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.
18Morgan 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
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
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.
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.
Morgan 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.
4Morgan 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.
5Morgan 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.
6Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan 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.
8Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan 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.
9Morgan 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.
10Morgan 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.
11Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
12Municipal 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.
13When 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.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Morgan 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.
16Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
17Investors 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.
18Morgan 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
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Awards Disclosures
CRC 6491812 (04/2024)
