Steven L Lanza
Managing Director, Wealth Management, Financial Advisor, Portfolio Management Director, Lending Specialist
Phone:
(310) 297-3765(310) 297-3765
The Beach Cities Group at Morgan Stanley
Direct:
(310) 297-3765(310) 297-3765
Toll-Free:
(866) 398-5548(866) 398-5548
Our Mission Statement
The Beach Cities Group is committed to offering bespoke advice and solutions that enrich your financial capital today and for generations to come. Transforming financial goals into achievable realities is our passion.
Welcome!
At the Beach Cities Group, we understand that each client has unique financial needs and goals. That's why we offer personalized financial planning services to help you achieve your specific objectives. Our team of experienced advisors have spent a combined 60 years at Morgan Stanley leveraging the offerings of a global financial firm while maintaining the personalized service that clients look for. We are dedicated to providing you with the guidance and support you need to make informed investment decisions.
Whether you're looking to build a diverse investment portfolio, protect your assets with fixed income investments, or explore alternative investment options, we can help. We'll work with you to develop a comprehensive financial plan that takes into account your risk tolerance, time horizon, and other important factors.
Our commitment to our clients goes beyond just investment advice .We strive to build long-term relationships based on trust, communication, and transparency. We are always available to answer your questions and provide ongoing support as your financial needs evolve over time.
If you are looking for a financial advisor who can help you prepare for a secure retirement while minimizing risk, contact us today to schedule a consultation and learn more about our services.
AWARDS AND RECOGNTIONS:
Thanks to the trust of our clients, Steve Lanza is ranked among Forbes top wealth advisors:
Steve Lanza: Managing Director, Financial Advisor
- Forbes Best-In-State Wealth Advisors 2024
Source: Forbes (Awarded Apr 2024). Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23
Services Include
- Wealth ManagementFootnote1
- Wealth PlanningFootnote2
- Retirement PlanningFootnote3
- Financial PlanningFootnote4
- Professional Portfolio ManagementFootnote5
- Cash ManagementFootnote6
- Estate Planning StrategiesFootnote7
- Lending Products
- Municipal BondsFootnote8
- Alternative InvestmentsFootnote9
- 401(k) Rollovers
- Corporate BondsFootnote10
- Structured ProductsFootnote11
- 529 PlansFootnote12
- AnnuitiesFootnote13
- Life InsuranceFootnote14
- Corporate Retirement PlansFootnote15
- Precious MetalsFootnote16
- Sustainable InvestingFootnote17
- Stock Option PlansFootnote18
- Trust ServicesFootnote19
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
Our clients are at the core of everything we do as financial advisors. We believe that our success is measured not only by our clients' financial gains but also their overall satisfaction with the service we provide.
Our clients come from all walks of life and have diverse financial needs and goals. Regardless of their situation, we are committed to providing each client with the personalized attention and support they need to achieve their financial objectives.
Our clients come from all walks of life and have diverse financial needs and goals. Regardless of their situation, we are committed to providing each client with the personalized attention and support they need to achieve their financial objectives.
Individuals
You worked hard to build your wealth and we are here to help. We understand that managing your finances can be overwhelming especially when you have multiple goals and competing priorities. That's why we offer comprehensive financial planning services designed to help you create a roadmap for your financial future.
Families
Creating a sound financial strategy for your family requires a holistic approach to your financial needs. Our team of advisors help individuals and their families to manage more than just their investments.
Corporate Executives
As a corporate executive with concentrated positions, you may have to consider a different approach to diversifying your assets. We work closely with corporate executives to guide them through their concentrated wealth and utilize different services and products.
Business Owners
Owning a business can add extra complexity to managing your finances Our team has experience working with business owners and has helped them tackle the problems associated with both their personal life and their business endeavors.
Our Process
1. Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
2. Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
3. Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
4. Integration of Tactical Asset Allocation
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
5. Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
PLANNING FOR THE FUTURE YOU WANT
Planning for the financial future you want is a significant part of your wealth management plan. Explicitly identifying your objectives and structuring a step-by-step process is crucial for your success. With our experience and personalized approach, we assist you to assess your current financial situation and develop a tailored plan that aligns with your circumstances.
Portfolio Management
You worked hard for your money, now it's time for your money to work for you. We customize each portfolio to fit the needs of the client. Whether you are looking for growth, income, or preservation of capital, we will help you structure your investments to serve your needs. Our team will continue to monitor your portfolio while mitigating risk to help you achieve long-term financial success.
Retirement Planning
Preparing for a comfortable and secure retirement
requires more than a comfortable nest egg. Our team
specializes in retirement planning to help you navigate
this significant life transition. We help to cover your
income needs as well as establish the appropriate
insurance solutions so that you can enjoy your golden
years with peace of mind.
requires more than a comfortable nest egg. Our team
specializes in retirement planning to help you navigate
this significant life transition. We help to cover your
income needs as well as establish the appropriate
insurance solutions so that you can enjoy your golden
years with peace of mind.
Alternative Investments
Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income—while maintaining a goals-based approach for asset allocation.
Morgan Stanley Alternative Investments
Lending Solutions
Accessing capital at the right time can be crucial for seizing opportunities or overcoming unexpected financial challenges. Our lending solutions provide personalized strategies to meet your specific borrowing needs. Whether it's securing a mortgage, obtaining a business loan, or preparing for a tax bill, our advisors will guide you through the process and explore the appropriate options with you.
Tax Management
Tax Loss Harvesting
Explore how Tax-Loss Harvesting can potentially become tax benefits.
Tax Loss Harvesting
6 Ways to Reduce Your Tax Bill
Your IRS Form 1040 tax return may reveal important information about your personal finances—and shed light on valuable opportunities for future savings.
6 Ways to Reduce Your Tax Bill
The Tax-Smart Portfolio: Keep More of What You Earn
Tax strategies can have a surprisingly large potential impact on lifetime wealth accumulation. A look at some of the techniques that could help you keep more money growing.
The Tax-Smart Portfolio: Keep More of What You EarnLocation
2141 Rosecrans Ave
Ste 3100
El Segundo, CA 90245
US
Direct:
(310) 297-3765(310) 297-3765
Toll-Free:
(866) 398-5548(866) 398-5548
Meet The Beach Cities Group
James Manion
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager
Phone:
(310) 297-3764(310) 297-3764
Phone:
(310) 297-3727(310) 297-3727
Devin E. Jones
Senior Client Service Associate
Phone:
(310) 297-3745(310) 297-3745
Laura Martin
Assistant Vice President, Wealth Management Associate
Phone:
(310) 297-3755(310) 297-3755
About Steven L Lanza
Steven Lanza is a Financial Advisor and Executive Director for the Beach Cities Group. He graduated from UCLA with a degree in Economics and also holds the Portfolio Management Director and Lending Specialist designation from Morgan Stanley. Steven started his career in 1994 at Smith Barney prior to the merger with Morgan Stanley. Since then, he has stayed with the same firm and continues to apply his wealth of experience and knowledge to help his clients navigate the complexities of their financial situation. He has since been joined by James Manion and Jason Maetani, alongside the rest of the support staff, to start the Beach Cities Group. The scale and support the team provides has helped Steven and his partners deliver an exceptional level of service to his clients now and for years to come.
At the core of Steven’s philosophy lies the paramount importance of trust. He firmly believes that trust forms the bedrock upon which any successful client-advisor relationship is built. By establishing an environment rooted in trust and communication, he enables clients to share their dreams, aspirations, and concerns freely. This collaborative approach allows him to offer personalized financial solutions for his client’s particular needs. For Steven, being entrusted with the task of preserving and growing his client’s wealth is both an honor and a calling that he does not take lightly.
Thanks to the trust his clients have placed in him and his team, Steven was named a Forbes Best-In-State Advisor for 2024, which recognizes the top Financial Advisors in each state.
Steven currently lives in Palos Verdes Estates, CA with his wife and two children. Outside of work, Steven spends his time with his family or participating on his numerous hobbies such as fly fishing, golf, hiking, and pickleball. Additionally, when time permits, he will occasionally help his wife at the charity organization she helped found.
Source: Forbes (Awarded Apr 2024). Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23
At the core of Steven’s philosophy lies the paramount importance of trust. He firmly believes that trust forms the bedrock upon which any successful client-advisor relationship is built. By establishing an environment rooted in trust and communication, he enables clients to share their dreams, aspirations, and concerns freely. This collaborative approach allows him to offer personalized financial solutions for his client’s particular needs. For Steven, being entrusted with the task of preserving and growing his client’s wealth is both an honor and a calling that he does not take lightly.
Thanks to the trust his clients have placed in him and his team, Steven was named a Forbes Best-In-State Advisor for 2024, which recognizes the top Financial Advisors in each state.
Steven currently lives in Palos Verdes Estates, CA with his wife and two children. Outside of work, Steven spends his time with his family or participating on his numerous hobbies such as fly fishing, golf, hiking, and pickleball. Additionally, when time permits, he will occasionally help his wife at the charity organization she helped found.
Source: Forbes (Awarded Apr 2024). Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23
Securities Agent: PA, AZ, TX, NH, SC, OH, NV, WI, NC, IA, HI, GA, WA, VA, OK, NJ, DC, MN, MI, MA, AK, OR, NM, MT, CA, UT, NY, MD, KY, KS, IL, DE, CO, TN, FL, WY, IN; General Securities Representative; Investment Advisor Representative
NMLS#: 1282795
CA Insurance License #: 0B54541
NMLS#: 1282795
CA Insurance License #: 0B54541
About James Manion
James Manion is a financial advisor and senior vice president for the Beach Cities Group. He graduated from Pace University with a degree in Finance in 2005 and has also received the Portfolio Management Director designation from Morgan Stanley. James started his career in 2003 as an intern for Smith Barney (Now Morgan Stanley) and moved to Downtown LA in 2005 where he has been with the firm ever since. Early on into his career James teamed up with Steven Lanza to start the Beach Cities Group where they could provide clients with financial guidance and personalized advice.
From an early age, James understood the importance of making money work for you. He has since dedicated his time to learning as much as possible, with the ultimate goal of helping others. James' passion for finance and helping his clients achieve their objectives is what guides his daily interactions with them. He is committed to prioritizing service and cultivating meaningful relationships with his clients. James' approach is rooted in his unwavering commitment to his clients' success. He values trust and open communication in all of his relationships and works tirelessly to ensure his clients feel confident in the security of their financial foundation.
James currently lives in Hermosa Beach, CA with his wife and two sons. In his free time, James spends most of his time with his family and enjoys going to the beach and parks with his two sons. He also serves on the board of the Los Angeles Viking Charities which is a charity dedicated to bringing happiness to lives of physically challenged and disadvantaged children.
From an early age, James understood the importance of making money work for you. He has since dedicated his time to learning as much as possible, with the ultimate goal of helping others. James' passion for finance and helping his clients achieve their objectives is what guides his daily interactions with them. He is committed to prioritizing service and cultivating meaningful relationships with his clients. James' approach is rooted in his unwavering commitment to his clients' success. He values trust and open communication in all of his relationships and works tirelessly to ensure his clients feel confident in the security of their financial foundation.
James currently lives in Hermosa Beach, CA with his wife and two sons. In his free time, James spends most of his time with his family and enjoys going to the beach and parks with his two sons. He also serves on the board of the Los Angeles Viking Charities which is a charity dedicated to bringing happiness to lives of physically challenged and disadvantaged children.
Securities Agent: AK, CO, VA, TN, SC, NC, AZ, NM, FL, TX, MD, IN, DC, WY, OR, NJ, MN, IA, DE, WA, KY, WI, MT, MI, MA, HI, CA, OK, NH, UT, GA, KS, PA, OH, NV, IL, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 1282988
CA Insurance License #: 0I25927
NMLS#: 1282988
CA Insurance License #: 0I25927
About Jason Maetani
Each Individual has a unique vision of what retirement should look like. It’s my responsibility to help define your goals and provide you with the plan and tools necessary to achieve them. As a Financial Planning Specialist, I focus on retirement planning, from asset accumulation to income generation, and we have helped clients assess where they are in relation to their retirement goals and what they must do to cross the finish line as planned.
My process employs a systematic approach designed to uncover issues too often overlooked by clients—for example, what to do with 401(k) assets when leaving an employer, how to initiate employer benefits, how to handle the passing of a loved one, or understanding your inheritance. Once we identify the obstacles in your path, we will work to help eliminate them through strategies designed to take full advantage of all income sources available to you, locate new potential sources that may generate income for the rest of your life and help accumulate assets for unforeseen expenses.
Jason graduated in 2012 with a B.A. in Investment Finance from California State University, Long Beach. After graduating, Jason joined The Beach Cities Group in 2012 with Steven L. Lanza and James R. Manion, and has been a member of the team ever since. Together, we bring over 55 years of Investment experience in Financial Planning and Dedicated Client Service to help meet your life goals. Jason currently resides in Long Beach and enjoys golf, basketball, cooking and vintage watch collecting.
My process employs a systematic approach designed to uncover issues too often overlooked by clients—for example, what to do with 401(k) assets when leaving an employer, how to initiate employer benefits, how to handle the passing of a loved one, or understanding your inheritance. Once we identify the obstacles in your path, we will work to help eliminate them through strategies designed to take full advantage of all income sources available to you, locate new potential sources that may generate income for the rest of your life and help accumulate assets for unforeseen expenses.
Jason graduated in 2012 with a B.A. in Investment Finance from California State University, Long Beach. After graduating, Jason joined The Beach Cities Group in 2012 with Steven L. Lanza and James R. Manion, and has been a member of the team ever since. Together, we bring over 55 years of Investment experience in Financial Planning and Dedicated Client Service to help meet your life goals. Jason currently resides in Long Beach and enjoys golf, basketball, cooking and vintage watch collecting.
Securities Agent: WA, IN, HI, MD, KY, AK, PA, MI, MA, GA, CO, NC, SC, OR, DE, DC, AL, VA, UT, TX, RI, NY, NV, FL, CA, AZ, WY, MS, OH, NJ, NH, ME, WI, MO, MN, IL, TN, OK, NM, MT, KS, IA; General Securities Representative; Investment Advisor Representative
NMLS#: 2183181
NMLS#: 2183181
About Devin E. Jones
Devin Jones is a Senior Service Associate for the Beach Cities Group. She has been with the team since inception and was originally in a part time position. She soon learned that she had a passion for helping clients reach their goals and found enjoyment in interacting with clients. 34 years later, she is still here with the team. Devin serves as the foundation for the team's high standard of service. Her attention to detail and communication skills compliment the lasting relationships she has cultivated with the team's clients.
Devin currently lives in Torrance, CA and is a proud mom of two successful adult children. In her free time, Devin spends some of her time working with animals. She is a member of the Southern California Golden Retriever Rescue based in LA and she helps stray dogs receive the necessary veterinary care and helps them find the loving homes they deserve.
Devin currently lives in Torrance, CA and is a proud mom of two successful adult children. In her free time, Devin spends some of her time working with animals. She is a member of the Southern California Golden Retriever Rescue based in LA and she helps stray dogs receive the necessary veterinary care and helps them find the loving homes they deserve.
About Laura Martin
Laura Martin is a Wealth Management Associate for the Beach Cities Group. She graduated from Whitman College with Honors in a Bachelor of Arts degree in Foreign Studies & Spanish Literature and also holds multiple FINRA licenses (Series 7, 66, 9, and 10). Laura started her career in the financial services industry in 2005 and joined Morgan Stanley in 2010. She originally started as a Client Service Associate and then moved into a management and compliance role. This transition has allowed her to see both sides of the business and now uses her unique perspective to help meet client's needs while balancing a healthy level of risk.
Laura has a passion for helping clients understand their wealth and takes a very personal approach to financial planning. She believes in breaking down the barriers between clients and their financial success by reducing complex ideas into simple concepts. Her focus on educating and empowering clients ultimately helps them make decisions and get things done.
Laura currently lives in Redondo Beach with her husband, daughter and puppy. Outside of work Laura is very involved in her daughter's school and is also involved with the JCC of the Beach Cities. When she is not serving her community, she likes to spend time with her family.
Laura has a passion for helping clients understand their wealth and takes a very personal approach to financial planning. She believes in breaking down the barriers between clients and their financial success by reducing complex ideas into simple concepts. Her focus on educating and empowering clients ultimately helps them make decisions and get things done.
Laura currently lives in Redondo Beach with her husband, daughter and puppy. Outside of work Laura is very involved in her daughter's school and is also involved with the JCC of the Beach Cities. When she is not serving her community, she likes to spend time with her family.
Contact Steven L Lanza
Contact James Manion
Contact Jason Maetani
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Are You Prepared for Tax Day?
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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
Ready to start a conversation? Contact The Beach Cities Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
2Morgan 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.
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 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.
5Morgan 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.
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
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.
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.
9Alternative 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.
10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
11Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
12Investors 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.
13Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15When 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.
16Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
17The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
18Morgan 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.
19Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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Awards Disclosures
2Morgan 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.
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 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.
5Morgan 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.
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
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.
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.
9Alternative 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.
10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
11Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
12Investors 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.
13Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15When 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.
16Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
17The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
18Morgan 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.
19Morgan 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.
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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.
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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)
