Phone:
(248) 723-1868(248) 723-1868
The Bell and Stillwater Group at Morgan Stanley
Direct:
(248) 723-1800(248) 723-1800
Toll-Free:
(800) 334-8866(800) 334-8866
Our Mission Statement
Our mission is to alleviate any worry or concern you have about your financial future so you can enjoy the life you have worked hard for. We do this through financial planning, proactive advice, and staying informed as to what is happening in your life.
Our Story
At the Bell and Stillwater Group at Morgan Stanley we believe the best way to keep your financial life on track is through a long-term approach to financial planning and investing. Whether you are planning for retirement or seeking to ensure a multigenerational family legacy, our process focuses on your specific timeline and goals. We measure success by your ability to meet your goals.
We are a highly experienced planning and advisory team. We begin each client relationship by navigating through our financial planning process. We don’t talk about specific investments until we know where you are now, where you want to be in the future, and how to get there. Our goal is not only to understand your goals and objectives, but to uncover and address potential obstacles you may have overlooked. After we have completed this process and you are confident in your plan, we are then able to suggest investment solutions we have vetted through extensive analysis and believe are appropriate to help you achieve your goals.
Our team has over 100 years of investing experience. We have been through the ups and the downs, and are confident in our long-term approach. We are committed to providing you the highest standard of care and to always put your needs ahead of our own. We pride ourselves on our client service model which puts you at the center of attention. You can expect frequent dialogue to keep you informed on your financial picture and around new proactive ideas for your plan. Should you ever need to speak with us, it will be with a real person, and we will be available in a timely manner to address any questions or concerns.
We live to serve you with world class service from our team.
We are a highly experienced planning and advisory team. We begin each client relationship by navigating through our financial planning process. We don’t talk about specific investments until we know where you are now, where you want to be in the future, and how to get there. Our goal is not only to understand your goals and objectives, but to uncover and address potential obstacles you may have overlooked. After we have completed this process and you are confident in your plan, we are then able to suggest investment solutions we have vetted through extensive analysis and believe are appropriate to help you achieve your goals.
Our team has over 100 years of investing experience. We have been through the ups and the downs, and are confident in our long-term approach. We are committed to providing you the highest standard of care and to always put your needs ahead of our own. We pride ourselves on our client service model which puts you at the center of attention. You can expect frequent dialogue to keep you informed on your financial picture and around new proactive ideas for your plan. Should you ever need to speak with us, it will be with a real person, and we will be available in a timely manner to address any questions or concerns.
We live to serve you with world class service from our team.
Services Include
- Financial PlanningFootnote1
- Retirement PlanningFootnote2
- Estate Planning StrategiesFootnote3
- Trust AccountsFootnote4
- Planning for Education FundingFootnote5
- 401(k) Rollovers
- Professional Portfolio ManagementFootnote6
- Exchange Traded FundsFootnote7
- Municipal BondsFootnote8
- Corporate BondsFootnote9
- Cash Management and Lending ProductsFootnote10
- Long Term Care InsuranceFootnote11
- Life InsuranceFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
We believe everyone deserves a plan
Financial Planning is not just for the ultra-wealthy, it is for everyone. Knowing where you stand currently, and where you ultimately want to be in the future, allows you to make smart decisions to help grow towards your goals. Everyone deserves to have all the information available to them in order to make informed decisions now, for the future.
We believe that diversification is critical to reducing risk
Most investors already know this, however it is often the first rule we see broken. By trying to keep up with an arbitrary index or investment, we see portfolios tend to get more aggressive and more concentrated over time. As time passes, this often ends poorly. Risk can be potentially mitigated by committing to diversification through market cycles.
We believe in looking for blind spots
It’s important to know under which circumstances you may experience short falls. Knowing what could happen under certain worse case scenarios can help prepare you for unforeseen consequences. By preparing for these blind spots, we can make appropriate decisions to help mitigate negative consequences.
We believe we are a team
Your financial strategy is holistic and involves many moving parts. It is important to include attorneys, CPA’s, and other family members if necessary. Together, we work towards a common goal which is your financial picture.
We believe money is a tool
Your plan consists of very real and personal goals. The success of which will have an impact on the lives of the people you care about most. It should address the goals you hope to achieve and the risk of outliving your assets. Your plan should consider risks beyond market movements such as inflation, interest rates, incapacity and long-term care to name a few.
*Diversification does not guarantee a profit or protection against a loss.
*Diversification does not guarantee a profit or protection against a loss.
Upcoming Firm Events
We hope you will join us for this upcoming event.
U.S. Policy Pulse: Trump 2.0 and the Markets
DATE: February 25, 2025 at 4:15 p.m. ETJoin Morgan Stanley Wealth Management Chief Investment Officer, Lisa Shalett, on Tuesday, February 25, for a conversation with Chief Economic Strategist and Global Head of Thematic and Macro Investing, Ellen Zentner, and Head of U.S. Public Policy, Monica Guerra, on the top policy and regulatory actions that could impact investors in the months ahead.
CRC4192005 02/2025
Online
Location
40701 Woodward Ave.
Ste 200
Bloomfield Hills, MI 48304
US
Direct:
(248) 723-1800(248) 723-1800
Toll-Free:
(800) 334-8866(800) 334-8866
Fax:
(248) 723-1850(248) 723-1850
Meet The Bell and Stillwater Group
Phone:
(248) 723-1835(248) 723-1835
Marshall Bell
Financial Advisor, Senior Vice President
Phone:
(248) 723-1804(248) 723-1804
About Steven Marc Stillwater
As a 10+ year industry veteran all with Morgan Stanley, Steven draws on his experience in financial services and his nearly 7 year former career in residential real estate to help clients plan for and achieve their goals. As a CERTIFIED FINANICAL PLANNER®, Steven focuses on a variety of factors that impact your ability to achieve success such as cash flow solutions, liability management, long-term care, estate planning, and potential tax implications. Staying in frequent contact with his clients is necessary in order to evolve the plan as time goes on to address your ever changing lives. When a financial decision needs to be made, Steven stresses the importance of looking at the long term impact of such decisions in the context of your financial plan.
In addition to his work in financial planning, Steven uses his skills as a portfolio manager to craft client portfolios. These plans are tailored to his client’s needs and designed to reach the goals and objectives laid out in their financial plan. He spends considerable time conducting investment research, analyzing potentials risk factors, and looking to identify areas of growth. It is important to cut through the constantly changing assumptions and narratives surrounding investments that you hear about in the media. We make decisions based on our investment philosophy that long term planning and investing focused on your unique circumstances is the best way to protect and grow your wealth.
Steven graduated with a degree in business and a focus in finance from Eastern Michigan University. He is a runner who has completed 2 full marathons and more recently has taken up triathlon. To unwind and relax you can find him reading a variety of books, playing guitar and spending time with his wife Carrie and two wonderful step children Isaac and Sophie.
In addition to his work in financial planning, Steven uses his skills as a portfolio manager to craft client portfolios. These plans are tailored to his client’s needs and designed to reach the goals and objectives laid out in their financial plan. He spends considerable time conducting investment research, analyzing potentials risk factors, and looking to identify areas of growth. It is important to cut through the constantly changing assumptions and narratives surrounding investments that you hear about in the media. We make decisions based on our investment philosophy that long term planning and investing focused on your unique circumstances is the best way to protect and grow your wealth.
Steven graduated with a degree in business and a focus in finance from Eastern Michigan University. He is a runner who has completed 2 full marathons and more recently has taken up triathlon. To unwind and relax you can find him reading a variety of books, playing guitar and spending time with his wife Carrie and two wonderful step children Isaac and Sophie.
Securities Agent: MD, CA, DC, CT, AL, GA, OK, NC, TX, NE, MI, OR, OH, MA, KY, WA, VA, IN, FL, SC, NY, NJ, AZ, UT, MT, CO, WI, IL; General Securities Representative; Investment Advisor Representative
NMLS#: 1610597
NMLS#: 1610597
About Lawrence S Stillwater
Larry has been in the financial service industry and with Morgan Stanley for over 40 years. Having lived through several market downturns he will provide you with a long term investment prospective to help prevent you from making ill-timed short term decisions. “It is my desire to help people establish the foundation for a strong retirement.”
He works closely with Morgan Stanley’s Consulting Group to research third party investment managers for solid performance in bullish, bearish, and neutral markets. Larry looks to further identify those managers who focus on downside risk mitigation and who have a great deal of experience and consistency in applying their strategies. In additional, he looks to identify investments with the potential to provide income on both a taxable and federally tax free basis.
Larry believes a balanced life is important for both your physical and emotional health. As such, he has dedicated himself to volunteering his time for over 30 years with a Special Needs group at the Jewish Community Center. He has enjoyed the rewards of working with this terrific group and continues to look forward to working with them for many years. In his spare time, Larry enjoys golfing, reading and visiting his children and grandchildren.
He works closely with Morgan Stanley’s Consulting Group to research third party investment managers for solid performance in bullish, bearish, and neutral markets. Larry looks to further identify those managers who focus on downside risk mitigation and who have a great deal of experience and consistency in applying their strategies. In additional, he looks to identify investments with the potential to provide income on both a taxable and federally tax free basis.
Larry believes a balanced life is important for both your physical and emotional health. As such, he has dedicated himself to volunteering his time for over 30 years with a Special Needs group at the Jewish Community Center. He has enjoyed the rewards of working with this terrific group and continues to look forward to working with them for many years. In his spare time, Larry enjoys golfing, reading and visiting his children and grandchildren.
Securities Agent: NY, CO, CT, VA, KY, WI, NJ, GA, UT, SC, MA, NE, IL, FL, CA, AZ, WA, TX, OH, MT, MI, IN, AL, DC, NC, MD, OR, OK; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1698557
NMLS#: 1698557
About Marshall Bell
Marshall Bell is a Financial Advisor with over 50 year’s financial industry experience including 25 years in management, which all has been with Morgan Stanley and its predecessor firms. Marshall is a stable and consistent professional with vast amounts of investing knowledge and a lifetime of experiences. Having navigated the financial legacy of many families from one generation to the next he knows the importance of thoughtful planning. It is necessary to coordinate with accountants, attorneys, and other professionals in order to ensure each client’s wishes are protected and carried forward.
Marshall works with Morgan Stanley’s Consulting Group to research and identify third party equity managers with longevity, style consistency, and organizational depth and stability. In addition he deploys a laddered approach to identifying fixed income securities utilizing both investment grade corporate bonds and federally tax free municipal bonds. This approach helps to reduce the risks associated with unpredictable movements in interest rates.
He graduated with a BS from Wayne State University. Marshall has served on the boards of The Leukemia Lymphoma Society, Common Ground and Gilda’s Club, a support group for cancer patients and their families.
Marshall works with Morgan Stanley’s Consulting Group to research and identify third party equity managers with longevity, style consistency, and organizational depth and stability. In addition he deploys a laddered approach to identifying fixed income securities utilizing both investment grade corporate bonds and federally tax free municipal bonds. This approach helps to reduce the risks associated with unpredictable movements in interest rates.
He graduated with a BS from Wayne State University. Marshall has served on the boards of The Leukemia Lymphoma Society, Common Ground and Gilda’s Club, a support group for cancer patients and their families.
Securities Agent: NY, WI, NC, TX, MA, GA, AZ, VA, WA, NJ, NE, MT, OK, IL, CA, AL, OH, FL, DC, UT, MD, SC, MI, KY, IN, CT, CO, OR; BM/Supervisor; General Securities Principal; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
Contact Steven Marc Stillwater
Contact Lawrence S Stillwater
Contact Marshall Bell
Wealth Management
Global Investment Office
Portfolio Insights
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Are You Prepared for Tax Day?
Article Image
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
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
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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Ready to start a conversation? Contact The Bell and Stillwater Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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 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.
4Morgan 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
6Morgan 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.
7An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
8Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Morgan Stanley 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
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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 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.
4Morgan 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
6Morgan 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.
7An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
8Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Morgan Stanley 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
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)
