Daniel S Biederman, CIMA®
Executive Director, Financial Advisor, Senior Investment Management Consultant
Phone:
(805) 278-3673(805) 278-3673
The Biederman Group at Morgan Stanley
Direct:
(805) 278-3673(805) 278-3673
Toll-Free:
(800) 767-0170(800) 767-0170
Our Mission Statement
To help you navigate the essential stages of life, reach your financial goals, and leave a lasting legacy.
Advice beyond your investment portfolio
With over 38 years of experience in Wealth Management, the Biederman Group at Morgan Stanley is here to guide clients through their wealth management goals. Our focus is to work closely with them to understand their needs and devise strategies to achieve them.
We specialize on wealth management advice, and portfolio management along with personalized client service. We surround our clients with an extensive network of financial resources and experienced professionals to develop wealth, lending and investment strategies.
We work with high-net-worth individuals and families, business owners and executives. We take pride that many of our clients are multi-generational families or were referred to us by existing client relationships.
Our office is located in Oxnard, California. We work with clients both locally and nationwide.
The Biederman Group is committed to helping you. We would love the opportunity to build a relationship with you. Schedule a complimentary review and we can explain the benefits of working with us.
We specialize on wealth management advice, and portfolio management along with personalized client service. We surround our clients with an extensive network of financial resources and experienced professionals to develop wealth, lending and investment strategies.
We work with high-net-worth individuals and families, business owners and executives. We take pride that many of our clients are multi-generational families or were referred to us by existing client relationships.
Our office is located in Oxnard, California. We work with clients both locally and nationwide.
The Biederman Group is committed to helping you. We would love the opportunity to build a relationship with you. Schedule a complimentary review and we can explain the benefits of working with us.
Services Include
- Trust AccountsFootnote1
- Wealth Consulting
- 401(k) Rollovers
- Estate Planning StrategiesFootnote2
- Financial PlanningFootnote3
- Lending Products
- Life InsuranceFootnote4
- Long Term Care InsuranceFootnote5
- Professional Portfolio ManagementFootnote6
- Qualified Retirement PlansFootnote7
- Retirement PlanningFootnote8
- Sustainable InvestingFootnote9
- Trust Services*
- 529 PlansFootnote10
- AnnuitiesFootnote11
- Certificates of DepositFootnote12
- Divorce Financial AnalysisFootnote13
- Exchange Traded FundsFootnote14
- Fixed IncomeFootnote15
- Municipal BondsFootnote16
- Precious MetalsFootnote17
- Business PlanningFootnote18
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Your Journey, Our Process
Our disciplined approach begins with developing a comprehensive understanding of who you are, what you value and what you truly want your wealth to accomplish. Specifically, you can count on The Biederman Group to work closely with you in the following manner:
Discovery
Before we make specific recommendations, we take the time to understand who you are as a person, as well as an investor, and what you really hope to achieve for yourself and your family. That means an in-depth discussion of your current finances, future objectives, attitude toward risk and other circumstances that will assist us in developing a customized plan.
Formulation
We analyze your input and seek to develop a wealth management plan that contains specific recommendations designed to meet the objectives you established. Recommendations may encompass such varied strategies as retirement planning, executive compensation issues, tax minimization, wealth transfer, and access to our Banking and Lending Services. Importantly, your plan contains a customized asset allocation based on your total finances, including accounts held at other firms.
Implementation
After presenting your plan to you, we work closely with you to bring it to life. That may entail additional consultation with Morgan Stanley professionals who specialize in estate planning, lending strategies and other disciplines relevant to your situation. And it will also involve the development of an investment strategy to meet the criteria established in the Discovery phase of our process.
Evaluation
As you would expect, we believe that ongoing communication is a vital component of our business. We strive to keep abreast of your changing financial needs and aim to provide viable solutions to help meet them. This means constant monitoring of your plan and portfolio to make certain your assets are positioned to meet your changing circumstances, as well as fluctuating market conditions.
Planning Your Future
Our team will work with you to understand what your priorities are during these crucial years and implement a customized strategy for you. Whether it is planning for retirement, transitioning into retirement, or already managing your assets in retirement, our team is equipped with the resources and the knowledge to help you accomplish your personal and financial goal.
Understanding your Savings Vehicles
When it comes to retirement savings, the most important thing is to get started - after all, time is one of your greatest assets. Although retirement may seem far for some, it is essential to get started on planning for future living expenses, potential education funds, or travel costs.
The Psychological Transition into Retirement
Most retirement preparations focus on financial planning, but it is equally crucial to look at personal considerations and help you with easing the fear of the unknown. Given that many people overlook the psychological adjustments of retirement, we can help you understand why it's important to be emotionally (not just financially) ready for retirement.
Risks to Your Retirement
Once you determine what kind of retirement you want, we will work together to take a closer look at the risks that might be standing between you and your retirement goals. No matter how well you save during the accumulation phase, it's critical to plan how you convert those assets to income. We can help you navigate the challenges that may arise.
Impact of Taxes
The strategies you use when drawing down your retirement savings can have a significant impact on how much you'll pay in taxes and may help you keep more of the returns. Each retiree's situation is different but establishing a tax management strategy for your investments can help you retain more of your investment returns.
WORKING WITH US
As a Biederman Group Client, you gain access to a wide range of wealth management services that go far beyond your investment portfolio.
Financial & Retirement Planning
Investments may be a major component of your overall finances, but they should not be your only focus. We help clients create comprehensive financial plans that offer strategies for leaving a legacy, reducing debt and managing liabilities. Whether you’re entering your prime earning years or wondering if you can really afford to retire as planned, we can help you proceed with confidence to the future you envision for yourself.
Financial Plan Client Form
Risk Analysis
This unique risk management solution provides sophisticated risk analytics and a view of risk and returns across your portfolios held at Morgan Stanley and at other financial institutions. We seek to help you understand risk across all of your investment holdings, both at Morgan Stanley and at other financial institutions.
Morgan Stanley's Portfolio Risk Platform Video for Clients
Estate Planning Strategies and Trusts
Through the judicious use of trusts, beneficiary designation and lifetime giving programs, you can increase gifts to charitable organizations, reduce turmoil and family rifts, and provide for heirs who may not have the experience or inclination to manage assets.
Impact of Estate Planning
Education Funding
The high cost of higher education has been well documented, but fortunately, there are a variety of solutions available to help you meet the challenge. The earlier you begin planning, however, the more successful you’re likely to be. We can help you determine how much you’ll have to save and whether such vehicles as Education Savings Accounts and 529 College Savings Plans might have a place in your child’s future.
Saving Up For the Future
Accessing Your Tax Forms
1. Log into your account via Morgan Stanley Online
2. Click the Accounts tab
3. Select the Documents tab
4. Go to the Statement drop-down tab
5. Select Tax Documents and download them
Get Started Here2. Click the Accounts tab
3. Select the Documents tab
4. Go to the Statement drop-down tab
5. Select Tax Documents and download them
Tax Filing Checklist: Preparing to File Your Income Tax Returns
Get ahead of filing your taxes. To effectively prepare, you should get organized as early as possible.
View Checklist HereDIGITAL TOOLS AND RESOURCES
Digital technology is centered on how people communicate, consume, transact and travel. Our comprehensive suite of digital tools is designed to help enhance every aspect of your financial life. We have also included resources meant to transform complex financial analysis and research.
Financial Planning
The first step in creating a personalized financial plan is to develop a thorough understanding of all your important financial goals, and the resources available to meet those goals.
Learn More About LifeView
Spending and Budgeting Tool
Track spending habits, categorize expenses and create budgets across your Morgan Stanley and external financial accounts with our Spending and Budgeting Tool.
Learn More About Spending and Budgeting
Morgan Stanley Online
Your investments and everyday finances are always just a few clicks away with Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App.
Learn More About MSO
Digital Vault
The Digital Vault on Morgan Stanley Online and the Mobile App allows for easy sharing and convenient access to life’s most important documents from wills and deeds to financial statements and tax fillings. Easily manage your encrypted financial records all in one place.
Learn More About Digital Vault
Thoughts On The Market Podcast
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.
Listen To The Latest Episode
On The Markets Research Report
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
Read the Latest ReportLocation
300 E. Esplanade Dr, 10th
Floor
Oxnard, CA 93036
US
Direct:
(805) 278-3673(805) 278-3673
Toll-Free:
(800) 767-0170(800) 767-0170
Meet The Biederman Group
Kelly Biederman
Financial Advisor
Phone:
(805) 278-3670(805) 278-3670
Brett Zylstra
Financial Advisor
Phone:
(805) 278-3674(805) 278-3674
Jeannie A Balmes
Portfolio Associate
Phone:
(805) 278-3671(805) 278-3671
Adam Biederman
Registered Client Service Associate
Phone:
(805) 278-3649(805) 278-3649
About Daniel S Biederman
Dan Biederman is an Executive Director, financial advisor and the founder of The Biederman Group at Morgan Stanley. A graduate of Cal Poly SLO, where he earned his B.S. degree in Industrial Engineering. Dan is also a graduate of the University of Pennsylvania’s Wharton School of Business prestigious Investment Management Analyst program (CIMA). Dan began his career at EF Hutton in 1984 building long-standing, multi-generational relationships with investors across the country. Over that time, he’s provided sound advice and insightful investment strategies that have allowed his clients to grow their portfolios in bull markets and protect their wealth in bear markets.
His strategy to wealth management is built on the foundations of patience and honesty. He is not gimmicky in his approach nor does he make bold promises that he cannot keep. He is particularly good at finding the most efficient and effective route to achieving each client's goals and is deeply committed to earning the trust of the families that he works with. When it comes to building wealth, he believes that a slow, steady and balanced approach is best— the tortoise always beats the hare.
Dan is deeply devoted to his family, faith, and clients. He’s the husband to his wife of 35 years, father to three children, and grandfather to a baby girl. Outside of work he enjoys snow skiing, fly fishing, hunting, and cooking.
Professional Details
Experience
1984 - Present: Executive Director, The Biederman Group at Morgan Stanley
Education
California Polytechnic State University San Luis Obispo – Bachelor of Science (B.S.)
Certified Investment Management AnalystSM (CIMA®) Designation
Corporate Recognition and Honors
President’s Council, Morgan Stanley Wealth Management
Director’s Advisory Group, Morgan Stanley Wealth Management
Director’s Council, Morgan Stanley Wealth Management
30-Year Dedicated Service Award, Morgan Stanley Wealth Management.
Industry Recognition
Professional Associations
Association of Professional Investment Consultants
Investment Management Consultants Association.
Licenses
Series 7 - General Securities License
Series 3 - National Commodities Futures
Series 63 - Uniform State Registration
Series 65 - Investment Advisory Agent
Life, Health and Variable Annuity Insurance License
Long-Term Care Insurance License
CA Insurance Lic. # 0A51104
His strategy to wealth management is built on the foundations of patience and honesty. He is not gimmicky in his approach nor does he make bold promises that he cannot keep. He is particularly good at finding the most efficient and effective route to achieving each client's goals and is deeply committed to earning the trust of the families that he works with. When it comes to building wealth, he believes that a slow, steady and balanced approach is best— the tortoise always beats the hare.
Dan is deeply devoted to his family, faith, and clients. He’s the husband to his wife of 35 years, father to three children, and grandfather to a baby girl. Outside of work he enjoys snow skiing, fly fishing, hunting, and cooking.
Professional Details
Experience
1984 - Present: Executive Director, The Biederman Group at Morgan Stanley
Education
California Polytechnic State University San Luis Obispo – Bachelor of Science (B.S.)
Certified Investment Management AnalystSM (CIMA®) Designation
Corporate Recognition and Honors
President’s Council, Morgan Stanley Wealth Management
Director’s Advisory Group, Morgan Stanley Wealth Management
Director’s Council, Morgan Stanley Wealth Management
30-Year Dedicated Service Award, Morgan Stanley Wealth Management.
Industry Recognition
Professional Associations
Association of Professional Investment Consultants
Investment Management Consultants Association.
Licenses
Series 7 - General Securities License
Series 3 - National Commodities Futures
Series 63 - Uniform State Registration
Series 65 - Investment Advisory Agent
Life, Health and Variable Annuity Insurance License
Long-Term Care Insurance License
CA Insurance Lic. # 0A51104
Securities Agent: WV, WI, DE, ME, MA, IL, FL, CO, MT, NC, NY, NV, GA, TX, WA, NJ, MI, CA, SD, AK, VA, UT, OR, OK, ID, AZ, SC; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1364480
CA Insurance License #: 0A51104
NMLS#: 1364480
CA Insurance License #: 0A51104
About Kelly Biederman
With a career spanning eight years at Morgan Stanley, I bring a wealth of experience and expertise to the world of financial advising. My journey began as a Financial Planning Specialist within the firm, where I honed my skills in crafting comprehensive financial strategies. For the past three years, I've proudly been a part of the Biederman Group, a team led by my father, who has a remarkable 40-year legacy in the industry. Under his mentorship, I've learned the intricacies of wealth management, investment strategies, and client-centric service. I'm passionate about helping clients achieve their financial goals and secure their future. My commitment to excellence, combined with the rich knowledge passed down from my father, enables me to provide personalized financial solutions tailored to your unique needs.
Prior to my career at Morgan Stanley, I worked as a teacher and manager at the Santa Barbara Youth Music Academy. Something that stood out for me while working there, was my love for teaching and helping students. What being a financial advisor and a teacher share, is the ability you have as individual to making something as complex as finance and music and turning into something simple and easily to be understood.
Outside of work I enjoy golfing, surfing, snowboarding, and guitar. I am a football fanatic, who has an unhealthy love for the 49ers. I live in beautiful Santa Barbara with my Great Pyrenees.
Prior to my career at Morgan Stanley, I worked as a teacher and manager at the Santa Barbara Youth Music Academy. Something that stood out for me while working there, was my love for teaching and helping students. What being a financial advisor and a teacher share, is the ability you have as individual to making something as complex as finance and music and turning into something simple and easily to be understood.
Outside of work I enjoy golfing, surfing, snowboarding, and guitar. I am a football fanatic, who has an unhealthy love for the 49ers. I live in beautiful Santa Barbara with my Great Pyrenees.
Securities Agent: CA, AK, DE, VA, NY, NV, NJ, ID, TX, SC, OR, OK, IL, FL, SD, MI, MA, MT, GA, CO, AZ, TN, WV, UT, ME, WI, WA, NC; General Securities Representative; Investment Advisor Representative
NMLS#: 2138031
NMLS#: 2138031
About Brett Zylstra
Brett Zylstra is a financial advisor dedicated to deeply understanding each client’s financial needs and goals. Brett is devoted to learning about each client’s families, careers and financial aspirations.
Following Dan Biederman’s direction, Brett believes successful wealth management is built on the foundations of patience and honesty. He is committed to earning the trust of all the families he works with and continuing relationships for decades to come.
Before Morgan Stanley, Brett worked at One Workplace in Santa Clara where he managed multi-million-dollar projects for some of the largest Fortune 100 companies. Brett helped guide these projects from conception to implementation while maintaining budgets, timelines and multiple accompanying trades. It was at One Workplace and an internship at Merrill Lynch that Brett found his passion for making every dollar count and developing personal relationships with his clients.
Brett is a graduate of Santa Clara University, earning his B.S. in Finance. While at SCU, Brett was a member of the ACE Business Honors program in the prestigious Leavey School of Business and the nationally ranked Division I Men’s Water Polo team. Brett is a husband to his wife Caitlin and father to two young sons.
Following Dan Biederman’s direction, Brett believes successful wealth management is built on the foundations of patience and honesty. He is committed to earning the trust of all the families he works with and continuing relationships for decades to come.
Before Morgan Stanley, Brett worked at One Workplace in Santa Clara where he managed multi-million-dollar projects for some of the largest Fortune 100 companies. Brett helped guide these projects from conception to implementation while maintaining budgets, timelines and multiple accompanying trades. It was at One Workplace and an internship at Merrill Lynch that Brett found his passion for making every dollar count and developing personal relationships with his clients.
Brett is a graduate of Santa Clara University, earning his B.S. in Finance. While at SCU, Brett was a member of the ACE Business Honors program in the prestigious Leavey School of Business and the nationally ranked Division I Men’s Water Polo team. Brett is a husband to his wife Caitlin and father to two young sons.
Securities Agent: UT, WY, MO, OK, WA, PR, NH, NE, OH, NY, TX, DC, VA, CA, WV, MN, AZ, AR, ME, VT, NC, MT, ND, MS, AL, MD, NJ, GA, WI, TN, SC, SD, RI, AK, CT, PA, IA, NV, HI, IN, IL, ID, MI, OR, DE, VI, MA, NM, FL, KS, LA, KY, CO; General Securities Representative; Investment Advisor Representative
NMLS#: 2474432
NMLS#: 2474432
About Jeannie A Balmes
Jeannie has worked with Dan Biederman from the time she graduated high school more than 25 years ago. She brings a lot of value to the team, paying attention to all the little things that matter. Jeannie performs a variety of important functions from researching and resolving client issues to assisting in the portfolio review process.
A graduate of San Jose State University with a BS in Business, Jeannie is Series 7, 63 and 66 registered with a California Insurance License. As a result, she can help facilitate trades and provide assistance in a number of diverse product areas. Jeannie believes trust is one of the most important aspects in building relationships and values what she's built with our clients throughout her career here at Morgan Stanley.
A graduate of San Jose State University with a BS in Business, Jeannie is Series 7, 63 and 66 registered with a California Insurance License. As a result, she can help facilitate trades and provide assistance in a number of diverse product areas. Jeannie believes trust is one of the most important aspects in building relationships and values what she's built with our clients throughout her career here at Morgan Stanley.
About Adam Biederman
Adam Biederman was born and raised in sunny Santa Barbara, California. At Pepperdine University he juggled a double major in Economics and Creative Writing. Prior to Morgan Stanely, Adam worked in the film industry and then co-founded Copycat Narrative Agency. His passions include, books, sports, politics, philosophy, film, television, travel and unhealthy food. He is deathly afraid of aneurisms, sharks, and writing about himself in the third person. He's been married for 5 years to Meghan, and has his hands full with two daughters, Shiloh and Elliana.
Contact Daniel S Biederman
Contact Kelly Biederman
Contact Brett Zylstra
Wealth Management
From Our Team
You Work Hard, Make Your 401(k) Plan Work Harder
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Are You Prepared for Tax Day?
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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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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Ready to start a conversation? Contact The Biederman Group today.
1Morgan 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.
2Morgan 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.
3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
7When 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.
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.
9The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
10Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
13Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
14An 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.
15Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
16Municipal 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.
17Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
18Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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.
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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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
2Morgan 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.
3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
7When 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.
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.
9The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
10Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
13Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
14An 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.
15Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
16Municipal 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.
17Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
18Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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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)
