Phone:
(415) 984-6634(415) 984-6634
The Bayswater Group at Morgan Stanley
Our Mission Statement
Providing experienced advice and delivering highly personalized service and solutions to enhance your financial life
Our Story and Services
You’ve worked hard to provide for your family and prepare for the future. The wealth you’ve created is more than just a measure of your accomplishments—it is a means for enriching your life and the lives of those you love. At The Bayswater Group, we are honored to serve a diverse and exceptional group of hard-working people like you, each with unique financial concerns and complexities, helping them achieve their definitions of professional and personal success.
Our clients come from all walks of life and all over the world, but what they all have in common is a belief in the value of advice and the importance of longstanding, trusted relationships. Whether they need help preparing for retirement, diversifying a concentrated stock position, planning for a liquidity event, or managing offshore funds, our clients are seeking peace of mind and the financial freedom to pursue what matters to them most.
As advisors and advocates, we are committed to helping you grow, protect, and pass on your wealth. Backed by Morgan Stanley, a leading global financial institution, we are your go-to resource and sounding board for all financial matters, from the everyday to the extraordinary. Through education, comprehensive financial planning, and customized investment strategies, we work hard to earn your confidence and free you to focus on the people, activities, and experiences that bring joy and meaning to your life.
We have been named to the 2025 Forbes Best-In-State Wealth Management Teams Ranking.
Forbes Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC for the period 3/31/23-3/31/24
We look forward to getting to know you and your family and exploring how we can make a difference in your financial future, across generations.
Our clients come from all walks of life and all over the world, but what they all have in common is a belief in the value of advice and the importance of longstanding, trusted relationships. Whether they need help preparing for retirement, diversifying a concentrated stock position, planning for a liquidity event, or managing offshore funds, our clients are seeking peace of mind and the financial freedom to pursue what matters to them most.
As advisors and advocates, we are committed to helping you grow, protect, and pass on your wealth. Backed by Morgan Stanley, a leading global financial institution, we are your go-to resource and sounding board for all financial matters, from the everyday to the extraordinary. Through education, comprehensive financial planning, and customized investment strategies, we work hard to earn your confidence and free you to focus on the people, activities, and experiences that bring joy and meaning to your life.
We have been named to the 2025 Forbes Best-In-State Wealth Management Teams Ranking.
Forbes Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC for the period 3/31/23-3/31/24
We look forward to getting to know you and your family and exploring how we can make a difference in your financial future, across generations.
Services Include
- Planning for Individuals with Special Needs and their Families
- Retirement PlanningFootnote1
- Wealth ManagementFootnote2
- Professional Portfolio ManagementFootnote3
- Planning for Education FundingFootnote4
- Long Term Care InsuranceFootnote5
- Cash Management and Lending ProductsFootnote6
- Alternative InvestmentsFootnote7
- Municipal BondsFootnote8
- Fixed IncomeFootnote9
- Financial PlanningFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Technology that Puts Your Financial World at Your Fingertips
Morgan Stanley offers a suite of wealth management tools that make it easy for you to seamlessly and securely manage your investments and everyday finances, wherever you are.
Morgan Stanley Online (MSO)
Get a complete view of your financial life—assets, liabilities, and total net worth—across all your financial institutions, managing everyday finances, and access market research.
Morgan Stanley Mobile App
Access your account from the convenience of your mobile device.
Both MSO and the Morgan Stanley Mobile App offer:
• eSIGN for electronically sending, signing, and receiving documents
• eAUTHORIZATION for approving transactions electronically and securely
• eDELIVERY for viewing, saving, and printing statements and account documents
Morgan Stanley Online (MSO)
Get a complete view of your financial life—assets, liabilities, and total net worth—across all your financial institutions, managing everyday finances, and access market research.
Morgan Stanley Mobile App
Access your account from the convenience of your mobile device.
Both MSO and the Morgan Stanley Mobile App offer:
• eSIGN for electronically sending, signing, and receiving documents
• eAUTHORIZATION for approving transactions electronically and securely
• eDELIVERY for viewing, saving, and printing statements and account documents
Location
555 California Street
35th Floor
San Francisco, CA 94104
US
216 Lorton Ave.
Suite 200
Burlingame, CA 94010
US
Direct:
(650) 340-6552(650) 340-6552
Meet The Bayswater Group
Phone:
(650) 340-6551(650) 340-6551
Diana Vuong
Registered Client Service Associate
Phone:
(415) 984-6635(415) 984-6635
About Me
Driven by a lifelong interest in investing and the capital markets, Paul started his career in financial services 35 years ago and has been there for his clients through bull and bear markets and through the milestones of their lives. As a CERTIFIED FINANCIAL PLANNER™, he upholds a standard of excellence in financial planning and is well-versed in the full array of sophisticated financial products. Paul has also earned the Senior Portfolio Manager and International Client Advisor designations at Morgan Stanley, signifying his ability to manage proprietary portfolios and assist international clients with cross-border wealth management strategies.
Prior to joining Morgan Stanley, Paul was one of the top advisors at Citigroup. Originally from Ohio, Paul earned his Bachelor’s degree in business from the University of Tampa and has now been serving clients in the Bay Area for over 20 years. He lives in Marin with his wife and two sons. When he’s not helping clients, he finds joy in being in the outdoors, traveling, and sampling the food scene.
Prior to joining Morgan Stanley, Paul was one of the top advisors at Citigroup. Originally from Ohio, Paul earned his Bachelor’s degree in business from the University of Tampa and has now been serving clients in the Bay Area for over 20 years. He lives in Marin with his wife and two sons. When he’s not helping clients, he finds joy in being in the outdoors, traveling, and sampling the food scene.
Securities Agent: AZ, TX, TN, MA, CT, WA, OH, NJ, DE, MI, MD, FL, NV, ID, HI, AK, CA, OR, CO; General Securities Representative; Investment Advisor Representative
NMLS#: 1814523
NMLS#: 1814523
About Sanh Vuong
With a deep knowledge of the capital markets and a strong background in risk management, Sanh has been serving clients as a Financial Advisor since 2008. He believes in celebrating both small things and life-changing landmarks, and delights in helping clients achieve financial goals they did not think were possible.
Sanh started his financial services career in 1996 at the Pacific Exchange. He then worked at Charles Schwab, where he learned the importance of diversification and risk management through the dot-com boom and bust. Sanh was one of the top advisors at Citigroup prior to joining Morgan Stanley, where he holds Portfolio Manager and International Client Advisor designations.
Born in South East Asia, Sanh came to the US when he was very young, so he understands the immigrant mindset and the challenges and opportunities of adapting to a new environment. He lives with his family and enjoys watching and playing sports, experiencing new adventures, and traveling the world.
Sanh started his financial services career in 1996 at the Pacific Exchange. He then worked at Charles Schwab, where he learned the importance of diversification and risk management through the dot-com boom and bust. Sanh was one of the top advisors at Citigroup prior to joining Morgan Stanley, where he holds Portfolio Manager and International Client Advisor designations.
Born in South East Asia, Sanh came to the US when he was very young, so he understands the immigrant mindset and the challenges and opportunities of adapting to a new environment. He lives with his family and enjoys watching and playing sports, experiencing new adventures, and traveling the world.
Securities Agent: MT, ND, NE, NH, NJ, NM, OK, PR, RI, SC, SD, UT, VI, VT, WI, WV, WY, AK, AZ, CA, CO, DE, FL, GA, HI, ID, IL, IN, MA, MI, MO, NV, NY, OH, OR, PA, TN, TX, VA, WA, NC, AL, AR, CT, DC, IA, KS, KY, LA, MD, ME, MN, MS; BM/Supervisor; General Securities Principal; General Securities Representative; Investment Advisor Representative
NMLS#: 1814743
CA Insurance License #: 0F42996
NMLS#: 1814743
CA Insurance License #: 0F42996
About Me
A native of China, Elaine serves a growing clientele of uncommonly successful individuals, both in the U.S. and around the world. As an International Client Advisor, she helps overseas clients—many of them female business owners and their families—with their cross-border wealth management needs. With roots in both Asia and America, she understands how nuances in culture and values may influence perspectives and expectations around money. Elaine provides her clients access to comprehensive wealth management solutions including offshore structures, tax minimization strategies, alternative investments, and generational wealth transfer.
Formerly a financial advisor at Citigroup, Elaine brings over 10 years of financial services experience to Morgan Stanley and enjoys offering clients of range of options and opportunities that help them achieve their goals. She immigrated to the Bay Area 20 years ago and lives in Daly City with her two children. In her free time, she loves to travel to new places.
Formerly a financial advisor at Citigroup, Elaine brings over 10 years of financial services experience to Morgan Stanley and enjoys offering clients of range of options and opportunities that help them achieve their goals. She immigrated to the Bay Area 20 years ago and lives in Daly City with her two children. In her free time, she loves to travel to new places.
Securities Agent: CA, ID, WA, FL, CO, AK, NJ, TN, TX, MI, CT, MD, HI, DE, AZ, OH, NV; General Securities Representative; Investment Advisor Representative
NMLS#: 935795
CA Insurance License #: 0M46494
NMLS#: 935795
CA Insurance License #: 0M46494
About Diana Vuong
Diana has been working in the financial industry for more than 20 years. She received her Bachelor’s of Science degree in Finance from San Francisco State University. Diana lives in San Francisco with her family.
Contact Paul Dyliacco
Contact Sanh Vuong
Contact Elaine Yu
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Wendy Fortenberry
Private Banker
Brent Curlow, CFA, CFP®
Financial Planning Director, Vice President
About Wendy Fortenberry
Wendy Fortenberry is a Private Banker serving Morgan Stanley Wealth Management offices in San Francisco, California and Hawaii.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Wendy began her career in financial services in 2001, and joined Morgan Stanley in 2015 as a Private Banker. Prior to joining the firm, she was a Wealth Management Banker at Merrill Lynch.
Wendy is a graduate of San Diego State University, where she received a Bachelor of Arts degree in Economics. She lives in the Bay Area. Outside of the office, Wendy enjoys attending professional baseball games & performing arts events as well as spending time with family and friends.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Wendy began her career in financial services in 2001, and joined Morgan Stanley in 2015 as a Private Banker. Prior to joining the firm, she was a Wealth Management Banker at Merrill Lynch.
Wendy is a graduate of San Diego State University, where she received a Bachelor of Arts degree in Economics. She lives in the Bay Area. Outside of the office, Wendy enjoys attending professional baseball games & performing arts events as well as spending time with family and friends.
NMLS#: 637424
About Brent Curlow
Brent Curlow is a Vice President and Financial Planning Director serving Morgan Stanley’s Wealth Management offices in San Francisco and Hawaii. He is responsible for helping Financial Advisors with their clients’ and prospects’ financial planning needs.
Brent began his career in financial services in 2003, and joined Morgan Stanley in 2022. Prior to his current position, he worked at First Hawaiian Bank as an Investment Services Analyst.
Brent graduated from the Wharton School of the University of Pennsylvania and holds his CERTIFIED FINANCIAL PLANNER™ designation and is a CFA charter holder . Brent lives in Honolulu, Hawaii with his wife, Helen. Outside of work, Brent volunteers as Social Chair for CFA Hawaii and Board Director for Financial Planning Association of Hawaii.
Brent began his career in financial services in 2003, and joined Morgan Stanley in 2022. Prior to his current position, he worked at First Hawaiian Bank as an Investment Services Analyst.
Brent graduated from the Wharton School of the University of Pennsylvania and holds his CERTIFIED FINANCIAL PLANNER™ designation and is a CFA charter holder . Brent lives in Honolulu, Hawaii with his wife, Helen. Outside of work, Brent volunteers as Social Chair for CFA Hawaii and Board Director for Financial Planning Association of Hawaii.
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?
Article Image
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
Article Image
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
Article Image
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 Bayswater 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.
1When 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.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
3Morgan 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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan 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
7Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
8Municipal 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Morgan 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.
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
1When 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.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
3Morgan 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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan 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
7Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
8Municipal 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Morgan 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.
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)
