Phone:
(215) 572-2284(215) 572-2284
The Beacon Group at Morgan Stanley
Scott Myers, CFP®, QPFCNoel Wolfe, QPFC, CRPS®Karl FalkensteinJason RiccardoMarc Bianchi, CFP®David WoodyAndrew Reichard, CFP®, ChFC®, CRPS®
Direct:
(215) 572-2284(215) 572-2284
Toll-Free:
(888) 829-6912(888) 829-6912
Industry Award WinnerOur Mission Statement
Empowering participants with the education & tools to help retire with respect and dignity on their own terms.
Our Team
As Corporate Retirement Directors, we are qualified to assist sponsors of qualified and non-qualified retirement plans. By identifying and evaluating your company’s needs and delivering an array of resources to help achieve your desired results, we can help you make the most of your retirement plans and offer guidance on how to make your fiduciary responsibilities a little less overwhelming. By helping to make the management of your retirement plan easier—you can continue to focus on running your business.
We also provide individuals with comprehensive wealth strategies to assist them in meeting their financial goals. For us, retirement planning means helping you maintain the financial independence you’ve worked your whole life to achieve. By understanding your unique goals, values and circumstances we can develop customized strategies to help ensure you have the means to pursue what's most important to you. Our experienced team looks forward to providing you with the highest level of personal service.
We also provide individuals with comprehensive wealth strategies to assist them in meeting their financial goals. For us, retirement planning means helping you maintain the financial independence you’ve worked your whole life to achieve. By understanding your unique goals, values and circumstances we can develop customized strategies to help ensure you have the means to pursue what's most important to you. Our experienced team looks forward to providing you with the highest level of personal service.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Awards and Recognition
2010, 2011, 2012, 2013, 2014, 2018, 2019, 2020 PLANSPONSOR Top Retirement Advisors
(formerly referred to as Top 100 Retirement Advisors)
Source: planadviser.com (Awarded May 2010, 2011, 2012, 2013, 2014, 2018, 2019, 2020) Data compiled by ISS Media based on responses to PLANADVISER survey as of Jan/Feb of the year the award was given.
Source: planadviser.com (Awarded May 2010, 2011, 2012, 2013, 2014, 2018, 2019, 2020) Data compiled by ISS Media based on responses to PLANADVISER survey as of Jan/Feb of the year the award was given.
2013-2018, 2020 Five Star Wealth Manager Award
Noel Wolfe - Business Planning
Scott Myers - Financial Planning
Source: fivestarprofessional.com (Awarded 2013-2018, 2020) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2013 Award - 03/5/2013 - 09/9/2013
2014 Award - 03/5/2013 - 09/9/2013
2015 Award - 03/5/2015 - 09/9/2015
2016 Award - 03/5/2016 - 10/7/2016
2017 Award - 01/20/2017 - 09/8/2017
2018 Award - 02/20/2018 - 09/19/2018
2020 Award - 02/10/2020 - 09/11/2020
Scott Myers - Financial Planning
Source: fivestarprofessional.com (Awarded 2013-2018, 2020) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2013 Award - 03/5/2013 - 09/9/2013
2014 Award - 03/5/2013 - 09/9/2013
2015 Award - 03/5/2015 - 09/9/2015
2016 Award - 03/5/2016 - 10/7/2016
2017 Award - 01/20/2017 - 09/8/2017
2018 Award - 02/20/2018 - 09/19/2018
2020 Award - 02/10/2020 - 09/11/2020
GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income. Click the link below to read the full report.
Read "GIC Weekly"
Global Investment Committee on the Markets
A monthly publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out this month's edition here.
GIC On the Markets Report
Mike Wilson: Thoughts on the Market
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
This Week's Podcast with Mike Wilson
Are You Prepared for Tax Day?
The countdown to Tax Day has begun. Here are some steps you can take as the deadline approaches.
Read More
Wealth Management
Wealth management brings all the dimensions of your life together. We listen carefully to understand the connections across your personal life, your family, your career, and your goals to develop an integrated strategy that is unique to you and your family.
Corporate Retirement Plans
Our team specializes in corporate retirement plan services, and we are focused on helping companies of varying size to design and manage retirement plans. Our objective is to optimize retirement plans through expert guidance on fiduciary compliance, investment selection, and educating your employees.
Financial Planning
The cornerstone of an effective wealth management plan is comprehensive financial planning, which captures your goals, resources and expectations for the future. Effective planning can potentially lead to successful education and retirement income funding. It helps eliminate blind spots and helps ensure legacy goals are met.
Defined Contribution Plans
If you're an employer with a defined contribution plan, our team at The Beacon Group has the expertise to advise you on how to fine-tune your plan to fit your needs and goals. Our services include plan design, ongoing review, and help every step of the way.
Retirement Planning
One of our key areas of strength is helping you prepare for and thrive in retirement. From IRAs to RMDs, we manage the complexities of your comprehensive retirement plan assets, helping you easily transition to the next phase of your life with security and confidence.
Qualified Retirement Plans
Our team understands the complexities around managing a qualified retirement plan. When you work with us, we can help navigate the details of establishing and maintaining the plan so that you can focus on the plan's overall strategy. By delegating the technical responsibilities to us, you can also focus more time on your business.
MANAGING YOUR MONEY IN THE DIGITAL AGE
We offer a comprehensive suite of tools to manage your wealth more effectively in today’s busy world. We are happy to assist you in signing up for any of these services.
Morgan Stanley Online (MSO)
When you sign up for MSO, you can conveniently and securely manage your account online or on your mobile device.
Click Here to Learn More
E-Authorization
With E-Authorization, you no longer need to sign a paper Letter of Authorization (LOA) to authorize a wire transfer request.
Click Here to Learn More
E-Sign
E-Sign is a digital, paperless alternative to the traditional means of obtaining signatures for necessary paperwork. There is no registration process to begin using E-Sign – all you need is a valid email address and phone number.
Click Here to Learn More
Digital Vault
The Digital Vault allows you to build a centralized library for all your documents using encryption.
Click Here to Learn More
Total Wealth View
With this service, you can view all your assets and liabilities together – whether held at Morgan Stanley or elsewhere – in one place for a comprehensive overview of your assets.
Click Here to Learn More
Morgan Stanley Mobile App
The Morgan Stanley Mobile App gives you the same capabilities as Morgan Stanley Online – all from the convenience of your own phone. It also offers features to simplify your everyday finances. These include mobile check deposit and Send Money with Zelle, a convenient way to send and receive money.
Click Here to Learn MoreAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
1787 Sentry Pky W
Bldg 18 Ste 440
Blue Bell, PA 19422
US
Direct:
(215) 572-2284(215) 572-2284
Toll-Free:
(888) 829-6912(888) 829-6912
1200 Lenox Drive
Suite 300
Lawrenceville, NJ 08648
US
Meet The Beacon Group
Phone:
(215) 572-2287(215) 572-2287
Phone:
(609) 844-7901(609) 844-7901
Phone:
(609) 844-7908(609) 844-7908
Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist, CERTIFIED FINANCIAL PLANNER®
Phone:
(215) 572-4504(215) 572-4504
Phone:
(609) 620-7124(609) 620-7124
Andrew Reichard, CFP®, ChFC®, CRPS®
Financial Advisor
Phone:
(610) 398-6077(610) 398-6077
Andrew N. Feldgus
Portfolio Associate
Phone:
(215) 572-4591(215) 572-4591
Victoria Vogel
Registered Client Service Associate
Phone:
(215) 274-2576(215) 274-2576
Shawn Gibbons
Registered Client Service Associate
Phone:
(215) 572-4508(215) 572-4508
Jacob Aaronson
Registered Client Service Associate
Phone:
(609) 844-7918(609) 844-7918
Daniel Ingersoll
Client Service Associate
Phone:
(609) 844-7918(609) 844-7918
About Scott Myers
Scott Myers brings over 28 years of experience in the financial services industry as a Financial Advisor with the Beacon Group, which has been part of Morgan Stanley since 2001. He partners with individuals and corporate clients to build a foundation of trust rooted in integrity and a commitment to long-term service. Leveraging Morgan Stanley’s global resources, Scott helps clients pursue financial security for both the present and future generations.
Scott’s focus includes comprehensive financial planning, financial education, and investment selection for retirement plans and individual investors. He holds the Certified Financial Planner™ (CFP®) designation, the Qualified Plan Financial Consultant (QPFC) credential, and the Chartered Retirement Plans Specialist℠ (CRPS®) designation. He has also completed the Certified Employee Benefits Specialist (CEBS) program. A summa cum laude graduate of The Pennsylvania State University and member of the Schreyer Honors College, Scott earned his B.A. in Political Science with a minor in Business. He later received his M.A. in International Affairs from The George Washington University.
A Bucks County native, Scott and his wife, Rishona, have made Abington their home, where they are raising their two daughters and two cats. Deeply engaged in the community, Scott supports a variety of causes, including health care research, food banks, Jewish organizations, and environmental groups. A lifelong sports fan, he follows Philadelphia teams closely and enjoyed playing ice hockey for more than 15 years. An avid skier, Scott continues to embrace an active lifestyle while dedicating his time and expertise to clients and community.
Scott’s focus includes comprehensive financial planning, financial education, and investment selection for retirement plans and individual investors. He holds the Certified Financial Planner™ (CFP®) designation, the Qualified Plan Financial Consultant (QPFC) credential, and the Chartered Retirement Plans Specialist℠ (CRPS®) designation. He has also completed the Certified Employee Benefits Specialist (CEBS) program. A summa cum laude graduate of The Pennsylvania State University and member of the Schreyer Honors College, Scott earned his B.A. in Political Science with a minor in Business. He later received his M.A. in International Affairs from The George Washington University.
A Bucks County native, Scott and his wife, Rishona, have made Abington their home, where they are raising their two daughters and two cats. Deeply engaged in the community, Scott supports a variety of causes, including health care research, food banks, Jewish organizations, and environmental groups. A lifelong sports fan, he follows Philadelphia teams closely and enjoyed playing ice hockey for more than 15 years. An avid skier, Scott continues to embrace an active lifestyle while dedicating his time and expertise to clients and community.
Securities Agent: FL, DE, WI, CA, OH, MT, MA, IL, CT, SC, PR, OK, NC, TX, MO, VT, WA, NM, MN, KY, CO, AZ, WV, VA, NJ, MI, GA, RI, OR, MD, IA, UT, TN, PA, AL, NY, NH, ME, DC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1285204
NMLS#: 1285204
About Noel Wolfe
Noel Wolfe brings over 28 years of experience in the financial services industry as a Financial Advisor with the Beacon Group at Morgan Stanley. He is committed to helping individuals and plan sponsors achieve long-term financial security by providing thoughtful retirement plan consulting and personalized financial planning. By combining the strength of Morgan Stanley’s resources with a client-first approach, Noel helps ensure that clients receive strategies tailored to their unique goals.
Noel’s focus includes retirement plan consulting, investment selection, and fiduciary guidance for plan sponsors, as well as comprehensive financial planning for individuals. He has earned designations including Chartered Retirement Plans Specialist℠ (CRPS®), Plan Sponsor Retirement Professional™ (PRP™), Accredited Investment Fiduciary (AIF), and Certified Plan Fiduciary Advisor. His work has been recognized nationally for leadership in retirement plan consulting.
Noel lives in Blue Bell with his wife, Jucimeire, and their blended family. He is the proud father of two children, both now in college, and stepfather to Jucimeire’s children. Deeply active in his community, Noel serves as a Church Elder and chairperson of various committees, supporting causes such as financial education, budgeting, and programs for veterans. In his free time, he enjoys puzzles, Bible study, and reading mystery thrillers, as well as time with his family.
2010, 2011, 2012, 2013, 2014, 2018, 2019, 2020 PLANSPONSOR Top Retirement Advisors (formerly referred to as Top 100 Retirement Advisors)
Source: planadviser.com (Awarded May 2010, 2011, 2012, 2013, 2014, 2018, 2019, 2020) Data compiled by ISS Media based on responses to PLANADVISER survey as of Jan/Feb of the year the award was given.
2013-2018, 2020 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2013-2018, 2020) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2013 Award - 03/5/2013 - 09/9/2013
2014 Award - 03/5/2013 - 09/9/2013
2015 Award - 03/5/2015 - 09/9/2015
2016 Award - 03/5/2016 - 10/7/2016
2017 Award - 01/20/2017 - 09/8/2017
2018 Award - 02/20/2018 - 09/19/2018
2019 Award - 02/11/2019 - 09/20/2019
2020 Award - 02/10/2020 - 09/11/2020
Noel’s focus includes retirement plan consulting, investment selection, and fiduciary guidance for plan sponsors, as well as comprehensive financial planning for individuals. He has earned designations including Chartered Retirement Plans Specialist℠ (CRPS®), Plan Sponsor Retirement Professional™ (PRP™), Accredited Investment Fiduciary (AIF), and Certified Plan Fiduciary Advisor. His work has been recognized nationally for leadership in retirement plan consulting.
Noel lives in Blue Bell with his wife, Jucimeire, and their blended family. He is the proud father of two children, both now in college, and stepfather to Jucimeire’s children. Deeply active in his community, Noel serves as a Church Elder and chairperson of various committees, supporting causes such as financial education, budgeting, and programs for veterans. In his free time, he enjoys puzzles, Bible study, and reading mystery thrillers, as well as time with his family.
2010, 2011, 2012, 2013, 2014, 2018, 2019, 2020 PLANSPONSOR Top Retirement Advisors (formerly referred to as Top 100 Retirement Advisors)
Source: planadviser.com (Awarded May 2010, 2011, 2012, 2013, 2014, 2018, 2019, 2020) Data compiled by ISS Media based on responses to PLANADVISER survey as of Jan/Feb of the year the award was given.
2013-2018, 2020 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2013-2018, 2020) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2013 Award - 03/5/2013 - 09/9/2013
2014 Award - 03/5/2013 - 09/9/2013
2015 Award - 03/5/2015 - 09/9/2015
2016 Award - 03/5/2016 - 10/7/2016
2017 Award - 01/20/2017 - 09/8/2017
2018 Award - 02/20/2018 - 09/19/2018
2019 Award - 02/11/2019 - 09/20/2019
2020 Award - 02/10/2020 - 09/11/2020
Securities Agent: CO, AZ, OR, MT, MI, NY, NJ, IA, UT, WV, MA, WA, PR, DE, DC, AL, SC, CA, WI, NH, FL, OH, NM, MO, ME, IL, GA, CT, VA, TN, RI, PA, NC, MN, KY, TX, OK, MD; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1261777
NMLS#: 1261777
About Karl Falkenstein
Graduated from Saint Anselm College with a B.S. in Business Administration in 1994 and began my career in accounting, recruiting, and pharmaceutical sales. Spent six years as President of the international division of our family lighting manufacturing and importing business before joining Morgan Stanley* in July of 2007, where I focus on individual clients, foundations, corporate retirement plans, and structured settlements.
I enjoy skiing and tennis and live with my wife Ellen and our four children, Siana, Mia, Karly, and Jake in Washington Crossing, PA.
I enjoy skiing and tennis and live with my wife Ellen and our four children, Siana, Mia, Karly, and Jake in Washington Crossing, PA.
Securities Agent: SC, CA, UT, AL, TN, OR, ME, DC, WI, PR, MI, TX, OK, NM, MD, RI, NC, MN, KY, PA, MA, IA, MT, DE, FL, CO, AZ, OH, NJ, CT, NY, NV, WV, WA, VA, NH, MO, IL, GA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1288059
CA Insurance License #: OH23360
NMLS#: 1288059
CA Insurance License #: OH23360
About Jason Riccardo
Jason Riccardo is a Senior Vice President, Senior Portfolio Manager, and Financial Advisor at Morgan Stanley, with more than 25 years of experience in the financial services industry, including the past 15 years at the firm. He focuses on portfolio construction, investment strategy, and personalized wealth management, with a practice focused on delivering institutional-quality investment management to high-net-worth individuals and select institutional clients.
Working with his team, Jason takes a comprehensive, disciplined approach to clients’ financial lives—integrating financial, business, and retirement planning with asset and liability management to develop strategies aligned to each client’s unique circumstances and long-term objectives. His portfolio construction process blends technical analysis, fundamental research, and hands-on investment management to create customized solutions that reflect each client’s goals, risk tolerance, and overall financial vision.
Jason holds dual bachelor’s degrees in Finance and Computer Science from Rider University. A lifelong New Jersey resident, he lives in Hillsborough with his wife, Eileen, and their Cavapoo, Harlan. Outside the office, he enjoys golf, traveling, and cheering on his favorite New York sports teams.
Working with his team, Jason takes a comprehensive, disciplined approach to clients’ financial lives—integrating financial, business, and retirement planning with asset and liability management to develop strategies aligned to each client’s unique circumstances and long-term objectives. His portfolio construction process blends technical analysis, fundamental research, and hands-on investment management to create customized solutions that reflect each client’s goals, risk tolerance, and overall financial vision.
Jason holds dual bachelor’s degrees in Finance and Computer Science from Rider University. A lifelong New Jersey resident, he lives in Hillsborough with his wife, Eileen, and their Cavapoo, Harlan. Outside the office, he enjoys golf, traveling, and cheering on his favorite New York sports teams.
Securities Agent: CA, AZ, UT, OK, ME, GA, TX, RI, MT, IL, IA, HI, PR, NY, AL, WV, WA, VT, SC, PA, MO, KY, WI, NH, ID, DE, DC, OR, NM, VA, NJ, MN, MI, MD, CO, TN, OH, NV, NC, MA, FL, CT; General Securities Representative; Investment Advisor Representative
NMLS#: 1423937
CA Insurance License #: 4268610
NMLS#: 1423937
CA Insurance License #: 4268610
About Marc Bianchi
With over 20 years of experience at Morgan Stanley and as an attorney for 15 years prior to that, I bring to the table extensive experience and a great desire to help my clients, their families and their businesses navigate the financial and economic landscape.
Since receiving my law degree from Villanova Law School, and entering the world of giving professional advice for a living, I have been committed to providing my clients with thoughtful and well reasoned guidance along the way. I take my responsibilities to my clients and their families seriously and it is always my honor when clients refer their loved ones and colleagues. This is how I have built my business and how I intend to continue doing so.
Five Star Professional Award For Wealth Managers
2013, 2014, 2015, 2016, 2020, 2022, 2023, 2025
2013-2016, 2020, 2022, 2023, 2025 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2013-2016, 2020, 2022, 2023, 2025) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2013 Award - 4/15/12 - 10/16/12
2014 Award - 4/15/13 - 10/16/13
2015 Award - 4/15/14 - 10/16/14
2016 Award - 4/15/15 - 10/16/15
2020 Award - 3/1/19 - 10/16/19
2022 Award - 12/31/21 - 6/10/22
2023 Award - 11/14/22 - 5/31/23
Since receiving my law degree from Villanova Law School, and entering the world of giving professional advice for a living, I have been committed to providing my clients with thoughtful and well reasoned guidance along the way. I take my responsibilities to my clients and their families seriously and it is always my honor when clients refer their loved ones and colleagues. This is how I have built my business and how I intend to continue doing so.
Five Star Professional Award For Wealth Managers
2013, 2014, 2015, 2016, 2020, 2022, 2023, 2025
2013-2016, 2020, 2022, 2023, 2025 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2013-2016, 2020, 2022, 2023, 2025) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2013 Award - 4/15/12 - 10/16/12
2014 Award - 4/15/13 - 10/16/13
2015 Award - 4/15/14 - 10/16/14
2016 Award - 4/15/15 - 10/16/15
2020 Award - 3/1/19 - 10/16/19
2022 Award - 12/31/21 - 6/10/22
2023 Award - 11/14/22 - 5/31/23
Securities Agent: MD, CT, TX, TN, RI, MO, MA, CO, VA, OK, ME, FL, WV, WI, PR, KY, UT, OH, GA, DC, SC, OR, NY, NM, MN, CA, PA, NH, MI, IL, IA, AL, NJ, AZ, WA, NC, MT, DE; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1443444
NMLS#: 1443444
About David Woody
I graduated from The Catholic University of America with a B.A. in Philosophy in 2002 and began my first two careers in sales and education. I joined Morgan Stanley in February 2021, where I help clients preserve and grow their wealth and plan for their retirement. I enjoy music, literature, and sports and I live with my wife Dalla and my son Leonardo in Philadelphia.
Securities Agent: NJ, MI, OR, VA, OK, OH, FL, AZ, TN, RI, NY, ME, KY, UT, WI, IL, GA, IA, DE, CT, NM, NC, MO, MN, MA, TX, PR, MD, DC, SC, CO, WV, PA, CA, WA, NH, MT; General Securities Representative; Investment Advisor Representative
NMLS#: 2147105
CA Insurance License #: 4175704
NMLS#: 2147105
CA Insurance License #: 4175704
About Andrew Reichard
Andrew is a dedicated financial professional with over six years of industry experience. He joined Morgan Stanley in 2022 and, in 2025, entered the firm’s Financial Advisor Associate program and became a member of The Beacon Group. In his role, he focuses on building strong client relationships grounded in mutual respect, integrity, and a clear understanding of each client’s goals.
He specializes in long-term financial planning and investment selection, with experience across both individual and corporate retirement strategies. Andrew holds the Certified Financial Planner® (CFP®) designation, the Chartered Financial Consultant (ChFC®) credential, and the Chartered Retirement Plans Specialist (CRPS®) designation—reflecting his commitment to helping clients pursue lasting financial well-being.
Andrew graduated from Wilkes University with a B.S. in Finance and a concentration in financial investments. Outside of work, he enjoys spending time with his wife, Kylie, and their dog, Dash, as well as golfing, outdoor activities, and time with family.
He specializes in long-term financial planning and investment selection, with experience across both individual and corporate retirement strategies. Andrew holds the Certified Financial Planner® (CFP®) designation, the Chartered Financial Consultant (ChFC®) credential, and the Chartered Retirement Plans Specialist (CRPS®) designation—reflecting his commitment to helping clients pursue lasting financial well-being.
Andrew graduated from Wilkes University with a B.S. in Finance and a concentration in financial investments. Outside of work, he enjoys spending time with his wife, Kylie, and their dog, Dash, as well as golfing, outdoor activities, and time with family.
Securities Agent: PA, IA, FL, AZ, WY, OH, ME, LA, KS, AL, TN, NH, KY, WV, PR, MD, VA, NM, NJ, MA, GA, TX, OK, MS, MI, CT, CO, CA, AK, OR, IN, AR, WA, SC, NV, NC, IL, DE, RI, NY, MT, MN, DC, MO, ID, WI, UT; General Securities Representative; Investment Advisor Representative
NMLS#: 2695770
NMLS#: 2695770
About Andrew N. Feldgus
Andy has been with The Beacon Group at Morgan Stanley for more than 18 years. As a Portfolio Manager, he plays a vital role in supporting client relationships, handling the operational and administrative details that allow the team to deliver clear, consistent service. His steady, detail-driven approach helps ensure that clients feel confident their accounts and plans are managed with care.
Originally from Abington and a graduate of Cheltenham High School, Andy went on to earn his B.A. in Economics from Boston University, where he also served as Vice President of the Undergraduate Economics Association. His interest in finance has always been matched by a commitment to teamwork, something he continues to bring to his work each day.
Andy and his wife live in Willow Grove and are enjoying their new chapter as empty nesters while looking forward to the future joy of grandchildren. Away from work, he enjoys day trips with family, reading about history and science, and following Philadelphia sports. Having seen firsthand the effects of addiction, alcoholism, and mental illness on loved ones, Andy is also active in causes that support recovery and mental health awareness.
Originally from Abington and a graduate of Cheltenham High School, Andy went on to earn his B.A. in Economics from Boston University, where he also served as Vice President of the Undergraduate Economics Association. His interest in finance has always been matched by a commitment to teamwork, something he continues to bring to his work each day.
Andy and his wife live in Willow Grove and are enjoying their new chapter as empty nesters while looking forward to the future joy of grandchildren. Away from work, he enjoys day trips with family, reading about history and science, and following Philadelphia sports. Having seen firsthand the effects of addiction, alcoholism, and mental illness on loved ones, Andy is also active in causes that support recovery and mental health awareness.
About Victoria Vogel
Victoria is a Registered Client Service Associate with The Beacon Group at Morgan Stanley, where she supports the team’s work with corporate retirement plans and wealth management clients. She partners closely with advisors to assist with retirement plan support, client service, and relationship management, helping ensure a seamless experience for both institutional plan sponsors and individual clients.
Victoria graduated summa cum laude from West Chester University with a double major in Economics and Finance. As a first-generation college graduate, she is especially passionate about making financial education approachable and helping individuals feel confident about their long-term financial security. She holds her Series 7 and Series 66 licenses and continues to pursue additional professional certifications as she builds her career in financial services.
Outside of the office, Victoria enjoys hiking, painting, swimming, and doing puzzles. A dedicated Philadelphia sports fan, she rarely misses the chance to cheer on the Phillies or Eagles, and she also enjoys attending concerts, exploring the local arts scene, and watching Jeopardy!—where she considers getting one correct answer per game a personal victory.
Victoria graduated summa cum laude from West Chester University with a double major in Economics and Finance. As a first-generation college graduate, she is especially passionate about making financial education approachable and helping individuals feel confident about their long-term financial security. She holds her Series 7 and Series 66 licenses and continues to pursue additional professional certifications as she builds her career in financial services.
Outside of the office, Victoria enjoys hiking, painting, swimming, and doing puzzles. A dedicated Philadelphia sports fan, she rarely misses the chance to cheer on the Phillies or Eagles, and she also enjoys attending concerts, exploring the local arts scene, and watching Jeopardy!—where she considers getting one correct answer per game a personal victory.
About Shawn Gibbons
Shawn is a Registered Client Service Associate with The Beacon Group at Morgan Stanley, where he supports the team’s work with corporate retirement plans and individual investors. He is dedicated to delivering exceptional service and helping clients achieve their financial goals through collaboration, strategic planning, and personalized support.
Shawn earned his degree in Finance and Data Analytics from the University of Pittsburgh, with a concentration in Wealth Management. After graduating, he obtained his Life and Health Insurance License, SIE, Series 7, and Series 66, and is pursuing his goal of becoming a Certified Financial Planner.
Outside of work, Shawn enjoys golf, basketball, pickleball, and fishing. A passionate Philadelphia sports fan, he values being outdoors and giving back to his community, with a long-term goal of coaching youth sports.
Shawn earned his degree in Finance and Data Analytics from the University of Pittsburgh, with a concentration in Wealth Management. After graduating, he obtained his Life and Health Insurance License, SIE, Series 7, and Series 66, and is pursuing his goal of becoming a Certified Financial Planner.
Outside of work, Shawn enjoys golf, basketball, pickleball, and fishing. A passionate Philadelphia sports fan, he values being outdoors and giving back to his community, with a long-term goal of coaching youth sports.
Contact Scott Myers
Contact Noel Wolfe
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Awards and Recognition
NAPA's Top DC Advisor Teams
2017-2020, 2022, 2025-2026 NAPA's Top DC Advisor Teams Source: Source: napa-net.org (Awarded 2017-2020, 2022, 2025-2026) Data compiled by NAPA based on self-reported assets under advisement as of Dec 31 of the year prior to year the award was given.
Five Star Wealth Advisor
Noel Wolfe - Business Planning
Scott Myers - Financial Planning
Source: fivestarprofessional.com (Awarded 2013-2018, 2020) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2013 Award - 03/5/2013 - 09/9/2013
2014 Award - 03/5/2013 - 09/9/2013
2015 Award - 03/5/2015 - 09/9/2015
2016 Award - 03/5/2016 - 10/7/2016
2017 Award - 01/20/2017 - 09/8/2017
2018 Award - 02/20/2018 - 09/19/2018
2020 Award - 02/10/2020 - 09/11/2020
2
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Retirement for Plan Sponsors
End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
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A Simple Six-Step Retirement Checkup
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Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
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Financial Planning for Life After Selling a Business
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Working closely with you to guide your wealth and investments through the most challenging market cycles.
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Iran Conflict: Seven Takeaways for Investors
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529 Plans: A Powerful Tool to Save for Education
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Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
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- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Beacon Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley 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.
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 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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.
6Morgan 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.
7Morgan 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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley 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.
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 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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.
6Morgan 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.
7Morgan 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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
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CRC 4665150 (8/2025), 5378280 (5/2026)
