David A Olson
Managing Director, Senior Portfolio Management Director, Financial Advisor
Phone:
(507) 529-4404(507) 529-4404
The BlackRidge Group at Morgan Stanley
Direct:
(507) 281-0403(507) 281-0403
Toll-Free:
(952) 921-1989(952) 921-1989
Our Mission Statement
A world-class team serving those who are serious about the stewardship of Lifestyle and Legacy
Who We Are
The BlackRidge Group is a private client practice serving the needs of physicians, business owners and corporate executives as well as an institutional practice focused on serving endowments and foundations.
Our team utilizes environmental, social and governance (ESG) analysis to meet our investors' socially responsible standards. Integrity, experience and dedication to an exceptional client-service standard are the cornerstones of our team’s practice.
Our team utilizes environmental, social and governance (ESG) analysis to meet our investors' socially responsible standards. Integrity, experience and dedication to an exceptional client-service standard are the cornerstones of our team’s practice.
Services Include
- Business PlanningFootnote1
- Business Succession PlanningFootnote2
- Corporate Cash Management
- Estate Planning StrategiesFootnote3
- Corporate Retirement PlansFootnote4
- Corporate Trust Services
- Qualified Retirement PlansFootnote5
- Wealth Consulting
- Professional Portfolio ManagementFootnote6
- Institutional ServicesFootnote7
- Endowments and FoundationsFootnote8
- Philanthropic Services
- Divorce Financial AnalysisFootnote9
- Financial PlanningFootnote10
- Wealth ManagementFootnote11
- Sustainable InvestingFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Awards and Regocnition
2018 - 2025 Barron's Top 1,200 Financial Advisors: David A. Olson
The "Barron's Top 1,200 Advisors" is select group of individuals who are screened using quantitative and qualitative criteria and selected from a pool of over 4,000 nominations. Advisors in the Top 1,200 Financial Advisors list have a minimum of seven years of financial services experience. Qualitative factors include, but are not limited to, compliance record and philanthropic work. Investment performance is not a criterion.
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2018-2024 Forbes Best in State Wealth Advisors: David A. Olson
The "Forbes’ Best-in-State Wealth Advisors" list comprises of a select group of individuals. Ranking was developed by SHOOK Research and is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports.
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2012-2024 Five Star Wealth Manager Award Winner: David A. Olson
Candidates of the Five Star Wealth Management Awards are comprised of a select group of individuals who meet a number of criteria including client retention rate, client assets administered, firm review and a favorable regulatory and complaint history as defined by Five Star.
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2009-2025 Morgan Stanley Wealth Management Chairman's Club: David A. Olson
2025 Forbes Best-in-State Wealth Management Teams
This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period from 3/31/23–3/31/24. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC, for placement on its rankings.
2001-2008 Smith Barney Chairman's Council: David A. Olson
Working With You
The BlackRidge Group puts the focus on you. The common thread among all of our relationships is the consultative approach we take in the development of custom strategies designed to help meet the specific goals and objectives of each respective client. We are dedicated to providing the type of service that exceeds client expectations, and we are committed to the hard work required to make that goal a reality each day. Leveraging a sophisticated suite of analytic tools, the extensive resources of Morgan Stanley and the decades of industry experience within our team, we are confident in our ability to bring value to each client engagement. If good stewardship is important to you, let us help you "get it right the first time". A meeting with one of our advisors might be the best investment decision you can make today.
Why Use The BlackRidge Group?
When searching for help, you should be looking for a professional who understands the common issues you face and who has the knowledge and credentials to offer strategies to help meet your needs. There are many benefits to using a skilled Wealth Management Team to help you and your family achieve your financial goals.
By delegating your financial responsibilities to an advisor who has intimate knowledge of your personal finances and can effectively communicate with your well-assembled team of professionals, we believe you can both increase the probability of achieving your long-term goals and potentially improve the amount of quality time you have for other areas important to you. Working with a Wealth Manager who understands you and has significant experience working with similar individuals can create a number of significant benefits.
By delegating your financial responsibilities to an advisor who has intimate knowledge of your personal finances and can effectively communicate with your well-assembled team of professionals, we believe you can both increase the probability of achieving your long-term goals and potentially improve the amount of quality time you have for other areas important to you. Working with a Wealth Manager who understands you and has significant experience working with similar individuals can create a number of significant benefits.
FAMILY OFFICE RESOURCES
Family Office Resources provides specialized technical expertise to clients across a broad range of family wealth management issues. View our linked resources below to learn more about Morgan Stanley Family Office Resources capabilities.
Disclosures
The term "Family Office Resources" is being used as a term of art and not to imply that Morgan Stanley and/or its employees are acting as a family office pursuant to Investment Advisers Act of 1940.
Family Office Resources Overview
As your family grows and your wealth increases, you may face more subtle and profound wealth management issues. As the demands of your family grow and evolve, you will likely need professionals who have expanded capabilities.
Philanthropy Management
Philanthropy Management supports individuals, families, corporate and private foundations, and nonprofit organizations by offering a suite of services to help define and realize clients' charitable missions. View the link below to learn more about Philanthropy Management.
Family Governance and Wealth Education
For many High Net Worth clients, the most difficult wealth planning challenge they face relates not to their financial capital, but to their human capital. Family Governance Services is a comprehensive offering designed to support each family's unique challenges.
Estate Planning Strategies
Our experienced professionals are available to discuss various tax, trust and estate strategies with you and your advisors, help facilitate the implementation of those strategies, and focus on the integration of your investment plans.
Disclosures
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. 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.
Donor Advised Funds
While many individuals and families have a deep commitment to philanthropy, charitable giving is not limited to those with significant wealth. Donor advised funds (DAFs) are among some of the easiest and most tax-advantaged ways to give to charity for donors across the spectrum of wealth.
Disclosures
The Morgan Stanley Global Impact Funding Trust, Inc. (MS GIFT) is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. MS Global Impact Funding Trust (MS GIFT) is a donor advised fund. Morgan Stanley Smith Barney LLC provides investment management and administrative services to MS GIFT. Back office administration provided by RenPSG, an unaffiliated charitable gift administrator.
Trust Services
Our trustee platform is "open architecture," meaning that we provide you with access and ability to select an appropriate third-party corporate trustee for your trust account. Trust Specialists, within Morgan Stanley, analyze client trust documents and situations and then suggest a fiduciary solution for your needs and goals.
Disclosures
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.
Executive Financial Services
Morgan Stanley's Executive Financial Services team ("EFS") is a dedicated team that specializes in helping key corporate insiders effectively navigate the complex landscape of insider trading and reporting requirements.
Morgan Stanley Equity Solutions
Equity is more than shares. It's a commitment to your employees. That's why we design equity compensation solutions that can grow alongside your business and people at any stage. With tailored solutions, modern technology, hands-on guidance and dedicated service, we help you effectively administer equity while managing risk and compliance on a global scale.
The Second Opinion
For successful individuals, families, and business owners, wealth is more than numbers. It is legacy, security, and opportunity. Seeking to ensure that your financial strategy aligns with your long-term vision requires more than routine advice. It demands precision, discipline, and experienced guidance.
At The BlackRidge Group at Morgan Stanley, we offer a complimentary Second Opinion Service: a sophisticated, objective review designed to help identify strengths, uncover risks, and seeks to ensure your wealth is working as hard as you are. Whether you are navigating a business transition, reassessing your portfolio, or structuring generational wealth, this service can help provide the clarity and confidence you need.
At The BlackRidge Group at Morgan Stanley, we offer a complimentary Second Opinion Service: a sophisticated, objective review designed to help identify strengths, uncover risks, and seeks to ensure your wealth is working as hard as you are. Whether you are navigating a business transition, reassessing your portfolio, or structuring generational wealth, this service can help provide the clarity and confidence you need.
What to Expect
Step 1: Discovery Consultation
We begin with a thoughtful discussion about your current strategy. Not just what you have, but why it was structured that way. We examine your investments, tax strategy, estate plan, and risk management to see if anything has been overlooked.
Step 2: Comprehensive Assessment
We stress-test your financial plan under different scenarios, evaluate tax efficiency, and identify whether your portfolio is truly aligned with your long-term objectives. If there are inefficiencies, they will become clear. If risks exist, they will be addressed.
Step 3: Receive Total Profile and Recommendations
If your current strategy is as strong as it should be, we will say so. If we find areas that could be improved, whether through structural refinements, tax management, or better risk management. We will provide clear, measured recommendations along with a Total Client Profile which outlines any gaps and recommendations.
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. 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.
We begin with a thoughtful discussion about your current strategy. Not just what you have, but why it was structured that way. We examine your investments, tax strategy, estate plan, and risk management to see if anything has been overlooked.
Step 2: Comprehensive Assessment
We stress-test your financial plan under different scenarios, evaluate tax efficiency, and identify whether your portfolio is truly aligned with your long-term objectives. If there are inefficiencies, they will become clear. If risks exist, they will be addressed.
Step 3: Receive Total Profile and Recommendations
If your current strategy is as strong as it should be, we will say so. If we find areas that could be improved, whether through structural refinements, tax management, or better risk management. We will provide clear, measured recommendations along with a Total Client Profile which outlines any gaps and recommendations.
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. 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.
Location
14 Second Street SW
Suite 201
Rochester, MN 55902
US
Direct:
(507) 281-0403(507) 281-0403
Toll-Free:
(952) 921-1989(952) 921-1989
Fax:
(507) 529-4413(507) 529-4413
8300 Norman Center Drive
Suite 1150
Bloomington, MN 55437
US
Meet The BlackRidge Group
Zen Kuzyk
Vice President, Wealth Management, Financial Advisor, Portfolio Manager
Phone:
(507) 529-4402(507) 529-4402
Jana L Holst
Group Director
Phone:
(507) 529-4410(507) 529-4410
Andrea J. Mackay
Wealth Management Associate
Phone:
(507) 529-4411(507) 529-4411
T C. Shives
Director of Marketing and Communication
Phone:
(952) 921-1989(952) 921-1989
Matt Winkle
Registered Client Service Associate
Phone:
(507) 529-4423(507) 529-4423
About David A Olson
David Olson, Financial Advisor at Morgan Stanley, is a financial services industry veteran with over 35 years of experience in developing strategies intended to meet the goals of business owners, executives, entrepreneurs and physicians. David has been with Morgan Stanley and its predecessor firms since 1985. As founding partner of the BlackRidge Group at Morgan Stanley he coordinates a team of professionals providing consulting and investment management services to a select group of high net-worth families, institutions, endowments, and foundations.
David received his B.A. degrees in Economics and Biology from St. Olaf College. He began his career at E.F. Hutton working on Wall Street prior to joining what is now the Rochester, MN office of Morgan Stanley. He became branch manager in 2000 and had supervisory responsibilities for over $1 billion as of September 2022 when he stepped down from management to focus solely on portfolio management and working with BlackRidge clients.
David has been recognized for excellence in client service and has been named to the President’s Club at Morgan Stanley and its legacy firms from 2004-2020. He has been named to Barron’s America’s Top 1200 Financial Advisors for 2018-2021. He was also named to the select group of Forbes "Best in State Wealth Advisors" in 2018-2021. David was named a Five Star Wealth Manager by Minneapolis/St. Paul Magazine from 2012-2021. He is a Managing Director at Morgan Stanley and holds the designations of Senior Investment Management Consultant, Portfolio Management Director, and Financial Planning Specialist.
2018-2021 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2018-2021). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2018-2021 Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2018-2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2012-2021 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2021) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2021 Award - 07/13/20 - 01/22/21
2020 Award - 06/01/19 - 02/07/20
2019 Award - 07/19/18 - 02/11/19
2018 Award - 07/21/17 - 02/13/18
2017 Award - 07/25/16 - 02/15/17
2016 Award - 09/16/15 - 02/16/16
2015 Award - 09/16/14 - 02/12/15
2014 Award - 09/16/13 - 02/12/14
2013 Award - 09/16/12 - 02/12/13
2012 Award - 09/16/11 - 02/12/12
David received his B.A. degrees in Economics and Biology from St. Olaf College. He began his career at E.F. Hutton working on Wall Street prior to joining what is now the Rochester, MN office of Morgan Stanley. He became branch manager in 2000 and had supervisory responsibilities for over $1 billion as of September 2022 when he stepped down from management to focus solely on portfolio management and working with BlackRidge clients.
David has been recognized for excellence in client service and has been named to the President’s Club at Morgan Stanley and its legacy firms from 2004-2020. He has been named to Barron’s America’s Top 1200 Financial Advisors for 2018-2021. He was also named to the select group of Forbes "Best in State Wealth Advisors" in 2018-2021. David was named a Five Star Wealth Manager by Minneapolis/St. Paul Magazine from 2012-2021. He is a Managing Director at Morgan Stanley and holds the designations of Senior Investment Management Consultant, Portfolio Management Director, and Financial Planning Specialist.
2018-2021 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2018-2021). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2018-2021 Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2018-2021). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2012-2021 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2012-2021) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2021 Award - 07/13/20 - 01/22/21
2020 Award - 06/01/19 - 02/07/20
2019 Award - 07/19/18 - 02/11/19
2018 Award - 07/21/17 - 02/13/18
2017 Award - 07/25/16 - 02/15/17
2016 Award - 09/16/15 - 02/16/16
2015 Award - 09/16/14 - 02/12/15
2014 Award - 09/16/13 - 02/12/14
2013 Award - 09/16/12 - 02/12/13
2012 Award - 09/16/11 - 02/12/12
Securities Agent: ID, OR, VI, WV, OK, SC, UT, NM, WI, HI, KS, ND, MD, WY, WA, VT, VA, TX, TN, SD, RI, PR, PA, OH, NY, NV, NJ, NH, NE, NC, MT, MS, MO, MN, MI, ME, MA, LA, KY, IN, IL, IA, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL, AK; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1390903
NMLS#: 1390903
About Zen Kuzyk
Zen Kuzyk is a Financial Advisor at Morgan Stanley. He earned his Bachelor of Science in Business Administration from the Heider College of Business at Creighton University in Omaha, Nebraska. He majored in Finance and completed the Financial Analysis track. Zen has supplemented his financial education at Creighton with internships at Morgan Stanley along with TD Ameritrade Investor Services Division, and at Union Pacific Railroads Finance Department both of which at their Corporate Headquarters in Omaha, Nebraska. As a Financial Advisor, he implements Morgan Stanley’s tools, platform and wealth management strategies to help clients reach their financial goals. Zen has obtained his Series 7 General Securities License, Series 66 Uniform Combined State Law License and the state of Minnesota accident & health, life insurance license and is a Financial Planning Specialist.
Securities Agent: NE, NC, MN, LA, KY, KS, IL, ID, IA, FL, DC, CO, CA, AZ, AR, AL, RI, PR, NY, NV, SC, TN, VT, NM, ND, MT, MS, MO, MI, ME, MD, MA, IN, HI, GA, DE, CT, AK, VI, WY, WV, WI, WA, VA, UT, TX, SD, PA, OR, OK, OH, NJ, NH; General Securities Representative; Investment Advisor Representative
NMLS#: 1896817
NMLS#: 1896817
About Jana L Holst
Jana is a Group Director and Financial Planning Specialist* with the BlackRidge Group at Morgan Stanley. She earned her BBA in Finance from The University of North Dakota. After working for Strong Capital Management for three years, she joined the firm in 2004. Jana holds the General Securities and the Uniform Securities Agent licenses. In 2006, she received the designation of Financial Planning Specialist. Jana has earned the reputation of being proficient in the execution of trading strategies ranging from standard to complex. Her strong work ethic allows her to accomplish these tasks while remaining responsive and attentive to the specific needs of each BlackRidge Group client foundations.
*This role cannot solicit or provide investment advice.
*This role cannot solicit or provide investment advice.
About Andrea J. Mackay
Andrea Mackay is a Wealth Management Associate and Financial Planning Specialist* at Morgan Stanley. She earned her B.A. in English and Communication from The University of North Dakota and has worked in the financial services industry since 2009. Andrea holds the Series 7 and the Series 66. She provides comprehensive financial planning and wealth management services to individuals, families, businesses, and non-profit organizations. Andrea is passionate about helping her clients create and manage their financial plans in order to reach their long-term goals. She believes that understanding your personal goals should always be the starting point for any successful financial journey.
*This role cannot solicit or provide investment advice.
*This role cannot solicit or provide investment advice.
About T C. Shives
T currently serves as a Director of Marketing and Communication for The BlackRidge Group. He received a Bachelor of Science from Gustavus Adolphus College in St. Peter, MN in 2018. After college, he spent the first four and a half years of his career working for Financial Technology companies in the Wealth Management space. The majority of his time was spent in business development and portfolio management. As a former BlackRidge Group intern, T is excited to use his past experiences to help the BlackRidge Group continue to deliver exceptional results for our clients. T holds the SIE, Series 7, and Series 66.
About Matt Winkle
Matt is a Registered Client Service Associate and Financial Planning Specialist* with The BlackRidge Group at Morgan Stanley. He earned a Bachelor of Science in Finance from the Carlson School of Management at the University of Minnesota. While in college, Matt completed a summer internship with Morgan Stanley in Tampa, FL in the firm’s Virtual Client Solutions division. After college, Matt worked with Morgan Stanley in Alpharetta, GA, in the stock plan services department. Originally from Mantorville, he decided to move closer to home and join The BlackRidge Group to help continue providing great service to our clients. Matt’s hobbies include travelling to Northern Wisconsin, fishing, golfing, and spending time with friends and family. He holds the SIE, Series 7, Series 66.
*This role cannot solicit or provide investment advice.
*This role cannot solicit or provide investment advice.
Contact David A Olson
Contact Zen Kuzyk
Wealth Management
Global Investment Office
Portfolio Insights
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 BlackRidge Group today.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
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.
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’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.
7Morgan 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.
8Morgan 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.
9Morgan 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.
10Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
11Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
12The 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.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
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.
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’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.
7Morgan 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.
8Morgan 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.
9Morgan 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.
10Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
11Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
12The 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.
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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.
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Awards Disclosures
CRC 6491812 (04/2024)
