Dennis Cutrone
Managing Director, Private Wealth Management, Private Wealth Advisor, International Client Advisor, Family Wealth Director
Phone:
(212) 692-2829(212) 692-2829
Morgan Stanley Private Wealth Management
The Bluestone Group/Family Office Services
Our Mission Statement
The commitment of The Bluestone Group/Family Office Services extends beyond investment management. We deliver decisive, customized strategies for a small group of ultra high net worth families and institutions.
Barron's Top 250 Private Wealth Management Teams
Source: Barron's.com (Awarded Apr 2024) Data compiled by Barron's based on time period from Dec 2022 - Dec 2023.
Barron's Top 250 Private Wealth Management Teams
Source: Barron's.com (Awarded Apr 2024) Data compiled by Barron's based on time period from Dec 2022 - Dec 2023.
Welcome
"Since The BlueStone Group's founding in 1999, one of our most distinctive values has been 'going above and beyond investment management.' The BlueStone Group's Family Office Services team further demonstrates this value - and delivers our firm to our clients."
DENNIS CUTRONE
Managing Director
Founding Partner, The Bluestone Wealth Management Group
The Bluestone Group/Family Office Services team is the Private Wealth Management arm of The Bluestone Wealth Management Group with assets in excess of $4.1 billion as of August 2024.
The Bluestone Group/ Family Office Services team is an experienced, eight member Private Wealth Management team. We oversee the complex, and often unique, needs of families through access to the resources of Morgan Stanley’s global capabilities, and hold ourselves to the highest of standards—not just in our professional knowledge but in the delivery of services and the growth of our clients' wealth.
Our commitment extends beyond investment management. As your intermediary, we work with professionals you already have in place from attorneys to CPAs, complementing their resources to provide synergy for your needs—whether that’s designing a trust for future generations, or leveraging assets through commercial opportunities and access to banking and lending services. We then deliver decisive, customized strategies for both your personal and financial journey.
Trust and other fiduciary services are provided by third parties, including Morgan Stanley Private Bank National Association, a wholly-owned subsidiary of Morgan Stanley.
Barron's Top 100 Private Wealth Management Teams
Source: Barron's.com (Awarded Apr 2022) Data compiled by Barron's based on time period from Dec 2020 - Dec 2021.
DENNIS CUTRONE
Managing Director
Founding Partner, The Bluestone Wealth Management Group
The Bluestone Group/Family Office Services team is the Private Wealth Management arm of The Bluestone Wealth Management Group with assets in excess of $4.1 billion as of August 2024.
The Bluestone Group/ Family Office Services team is an experienced, eight member Private Wealth Management team. We oversee the complex, and often unique, needs of families through access to the resources of Morgan Stanley’s global capabilities, and hold ourselves to the highest of standards—not just in our professional knowledge but in the delivery of services and the growth of our clients' wealth.
Our commitment extends beyond investment management. As your intermediary, we work with professionals you already have in place from attorneys to CPAs, complementing their resources to provide synergy for your needs—whether that’s designing a trust for future generations, or leveraging assets through commercial opportunities and access to banking and lending services. We then deliver decisive, customized strategies for both your personal and financial journey.
Trust and other fiduciary services are provided by third parties, including Morgan Stanley Private Bank National Association, a wholly-owned subsidiary of Morgan Stanley.
Barron's Top 100 Private Wealth Management Teams
Source: Barron's.com (Awarded Apr 2022) Data compiled by Barron's based on time period from Dec 2020 - Dec 2021.
Capabilities
- Lifestyle Advisory ServicesFootnote1
- Family Governance & Wealth Education
- Philanthropy Management
- Securities Based LendingFootnote2
- Tailored LendingFootnote3
- Tax, Trust & Estate AdvisoryFootnote4
- Insurance SolutionsFootnote5
- Hedging Strategies
- Risk Management
- Sustainable & Responsible InvestingFootnote6
- Proprietary Investment Opportunities
- Asset AllocationFootnote7
- Investment Management
- Pre-Liquidity Planning
- Comprehensive Wealth Planning
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Trust Planning
Morgan Stanley recognizes that trusts are a vital part of your overall financial picture.
Learn More Here
Private Equity Principals
In managing the personal wealth of many private equity principals, Private Wealth Advisors at Morgan Stanley Private Wealth Management have developed a very specific knowledge base and a unique set of capabilities.
Learn More Here
Charitable Giving
Innovative and effective giving strategies allocated to do the most good.
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Executive Financial Services
Strategic guidance for corporate executives' unique needs.
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Portfolio Management
Measured risk and reward investment solutions for your unique circumstances.
Learn More Here
International Wealth Management
Within Private Wealth Management, we deliver a comprehensive wealth offering to a global clientele of UHNW families, their businesses and philanthropic enterprises. Through our specialty business, International Wealth Management, we focus on global oriented families with $20+ million in investable assets. This placemat provides an overview of our capabilities and customized approach.
Learn More Here
Monetization Planning
We can work with you, your tax and legal advisors and your investment bankers to identify and structure an exit strategy consistent with your business and personal financial goals.
Learn More HereAwards & Press
Bluestone Wealth Management Group Named to Forbes Best-in-State Wealth Management Teams 2025
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based on time period from 3/31/23-3/31/24.
Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based on time period from 3/31/23-3/31/24.
Barron's Top 250 Private Wealth Management Teams 2024
Source: Barron's.com (Awarded May 2024) Data compiled by Barron's based on time period from Jan 2023-Dec 2023.
Dennis Cutrone Named One of Barron's Top 1,200 Financial Advisors: State-by-State 2024
Barron's Top 1200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2024) Data compiled by Barron's based on time period from Sept 2022 - Sept 2023
Source: Barron's.com (Awarded Mar 2024) Data compiled by Barron's based on time period from Sept 2022 - Sept 2023
Bluestone Wealth Management Group Named to Forbes Best-in-State Wealth Management Teams 2024
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.
Bluestone Group Named One of Barron's Top 100 Private Wealth Management Teams 2023
Barron's Top 100 Private Wealth Management Teams
Source: Barron's.com (Awarded April 2023) Data compiled by Barron's based on time period from Dec 2021 - Dec 2022.
Source: Barron's.com (Awarded April 2023) Data compiled by Barron's based on time period from Dec 2021 - Dec 2022.
Dennis Cutrone Named One of Barron's Top 1,200 Financial Advisors: State-by-State 2023
Barron's Top 1200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2023) Data compiled by Barron's based on time period from Sept 2021 - Sept 2022.
Source: Barron's.com (Awarded Mar 2023) Data compiled by Barron's based on time period from Sept 2021 - Sept 2022.
Bluestone Wealth Management Group Named to Forbes Best-in-State Wealth Management Teams 2023
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21-3/31/22.
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21-3/31/22.
Bluestone Group Named One of Barron's Top 100 Private Wealth Management Teams 2022
Barron's Top 100 Private Wealth Management Teams
Source: Barron's.com (Awarded April 2021) Data compiled by Barron's based on time period from Dec 2020 - Dec 2021.
View Press Release HereSource: Barron's.com (Awarded April 2021) Data compiled by Barron's based on time period from Dec 2020 - Dec 2021.
Dennis Cutrone Named One of Barron's Top 1,200 Financial Advisors: State-by-State 2022
Barron's Top 1200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2022) Data compiled by Barron's based on time period from Sept 2020 - Sept 2021.
View Press Release HereSource: Barron's.com (Awarded Mar 2022) Data compiled by Barron's based on time period from Sept 2020 - Sept 2021.
Bluestone Wealth Management Group Named to Forbes Best-In-State Wealth Management Teams 2022
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/20-3/31/21.
Source: Forbes.com (Awarded Jan 2022) Data compiled by SHOOK Research LLC based on time period from 3/31/20-3/31/21.
Dennis Cutrone Named to Forbes Best-In-State Wealth Advisor List 2022
Forbes Best-In-State Wealth Advisors
Source: Forbes/com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
Source: Forbes/com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
OUR CLIENTS
Our clients span across ultra-high net worth families, business owners, institutions and international clients.
Ultra-High Net Worth Families
Ultra-high net worth families require sophisticated planning and tailored advice to manage their wealth effectively.
Learn About Our Value Proposition
Our Estate Planning Toolkit
View Our Estate Planning Toolkit below for helpful estate planning resources.
View Here
The Business Owner Brochure
As a business owner, you have devoted your career to building your enterprise. Now, it is time to plan for what comes next: enjoying the substantial rewards of your success, spending more time with your family and pursuing new challenges.
View Brochure
View Our Business Owner Resources
Click the link below to view resources for business owners. These resources cover succession planning, pre-IPO planning, your entrepreneurial journey and more.
Learn More Here
International Clients
Our team serves international clients from all over the globe - learn more about succession planning for international families
Learn More Here
Investments for International Clients
Investment decisions require taking into account investment factors, including but not limited to, beta, alpha, current interest rates, and economic cycle status.
Learn More HereLocation
55 East 52nd Street 10th
12th Fl
New York, NY 10055
US
Direct:
(212) 692-2903(212) 692-2903
Meet The Bluestone Group/Family Office Services
Meera Mayer
Executive Director, Private Wealth Management, Private Wealth Advisor, Portfolio Management Director
Phone:
(212) 893-7567(212) 893-7567
Donald Healy
Senior Vice President, Investment Consultant
Phone:
(212) 492-6919(212) 492-6919
Kristina M. Rodriguez
Vice President, Group Director
Phone:
(212) 692-2903(212) 692-2903
Brandyn Rowlinson, CFP®
Financial Planning Analyst
Phone:
(212) 492-6318(212) 492-6318
Tania Espinal
Portfolio Associate
Phone:
(212) 492-6395(212) 492-6395
Ryan Amberger
Wealth Management Analyst
Phone:
(212) 692-2830(212) 692-2830
Robert Bottoni
Registered Associate
Phone:
(212) 692-2906(212) 692-2906
About Dennis Cutrone
FAMILY OFFICE SERVICES
BlueStone Group Senior Partner & Founder
Dennis Cutrone is a Family Wealth Director and has been a Private Wealth
Advisor with Morgan Stanley since 1998. In addition to traditional wealth
management and portfolio management capabilities, Morgan Stanley Family
Wealth Directors have experience in a range of disciplines including estate
planning strategies, traditional and alternative investments, control and
restricted securities, cash management and lending solutions, hedging and
monetization, and business succession planning. Dennis is a founding partner
of the 14-person Bluestone Wealth Management Group at Morgan Stanley
in New York City, overseeing $4.1 billion in assets as of August 2024. He manages the practice for the group dedicated to Family Offices — working with a small number of ultra-high net worth families and institutions.
Dennis has an MBA from the NYU Stern School of Business as well as a
Finance Degree from Pace University in Pleasantville, NY.
BlueStone Group Senior Partner & Founder
Dennis Cutrone is a Family Wealth Director and has been a Private Wealth
Advisor with Morgan Stanley since 1998. In addition to traditional wealth
management and portfolio management capabilities, Morgan Stanley Family
Wealth Directors have experience in a range of disciplines including estate
planning strategies, traditional and alternative investments, control and
restricted securities, cash management and lending solutions, hedging and
monetization, and business succession planning. Dennis is a founding partner
of the 14-person Bluestone Wealth Management Group at Morgan Stanley
in New York City, overseeing $4.1 billion in assets as of August 2024. He manages the practice for the group dedicated to Family Offices — working with a small number of ultra-high net worth families and institutions.
Dennis has an MBA from the NYU Stern School of Business as well as a
Finance Degree from Pace University in Pleasantville, NY.
Securities Agent: DC, WI, OR, ME, LA, AL, NY, CA, WV, OH, CT, TN, SD, GA, WA, PR, NH, MD, ID, TX, AZ, VT, VI, UT, NC, MN, NE, VA, SC, RI, ND, IL, FL, NJ, NV, MI, MA, IN, CO, WY, PA, DE; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1278814
NMLS#: 1278814
About Meera Mayer
Meera is an Executive Director and a Private Wealth Advisor. She has extensive investment management experience. Prior to joining Morgan Stanley, Meera worked in JP Morgan’s Ultra High Net Worth Group at the Private Bank where she was a senior banker. Prior to that she was a general partner of Zedd Capital LLC, a managed long/short equity hedge fund. Before founding Zedd Capital in 2002, Meera was a senior portfolio manager and vice president at Goldman Sachs Asset Management where she co-managed large-cap value portfolios for mutual fund, institutional, and high-net-worth clients. Meera began her career in investment research and management at Oppenheimer and Company in 1990. In 1995, Meera joined Key Asset Management (Spears, Benzak, Salomon and Farrell) as a portfolio manager and managing director. She was a member of the investment strategy and policy group.
Meera holds a BA in English and History and a MA in English Literature from Guru Nanak Dev University in India. She has an MBA in Finance from Columbia University Graduate School of Business. She serves as a board member of the Chazen Institute at Columbia. She is active with various other non-profits in NYC.
CRC# 3638846 06/2021
Meera holds a BA in English and History and a MA in English Literature from Guru Nanak Dev University in India. She has an MBA in Finance from Columbia University Graduate School of Business. She serves as a board member of the Chazen Institute at Columbia. She is active with various other non-profits in NYC.
CRC# 3638846 06/2021
Securities Agent: NH, UT, VI, TX, OH, ME, DE, CO, WV, WI, OR, NY, NJ, MN, PA, ID, CT, NV, DC, SC, PR, ND, NC, WA, VT, TN, RI, MI, MA, AZ, AL, NE, WY, MD, IN, IL, HI, FL, VA, GA, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 1121470
NMLS#: 1121470
About Donald Healy
Don Healy is a Senior Vice President and the Investment Consultant for the Bluestone Group at Morgan Stanley. Don brings extensive capital markets and trading experience to the Bluestone Group. Don began his career in Morgan Stanley’s Institutional Equity Division in 1989, becoming a Managing Director before leaving the firm in 2005. During that time, he traded equities, derivatives, and convertible bonds in both New York and London. From 2005 to 2015, Don served as a Managing Director at Deutsche Bank as a risk manager, led a proprietary trading team, and also created a middle market coverage team servicing over 300 institutional relationships.
Don graduated from the Delbarton School in Morristown, NJ, before getting his BS from the Wharton School at the University of Pennsylvania.
Morgan Stanley Smith Barney LLC. Member SIPC
CRC 3616878
NMLS #1615193
Don graduated from the Delbarton School in Morristown, NJ, before getting his BS from the Wharton School at the University of Pennsylvania.
Morgan Stanley Smith Barney LLC. Member SIPC
CRC 3616878
NMLS #1615193
About Kristina M. Rodriguez
Kristina Rodriguez joined The Bluestone Group at Morgan Stanley in 2006. She works within the group’s Family Office services practice - supporting a small number of ultra-high net worth families and institutions. Kristina administers the trading of client Portfolio Management accounts in addition to administrative support - including private banking, lifestyle advisory solutions and general client assistance.
Kristina attained a BS from Long Island University/ C.W. Post
Kristina attained a BS from Long Island University/ C.W. Post
About Brandyn Rowlinson
Brandyn Rowlinson is a Financial Planning Analyst with The Bluestone Group at Morgan Stanley. Brandyn focuses on the nuances of wealth planning and liquidity event planning, specifically with founders and business owners regarding Qualified Small Business Stock, Estate Planning strategies, and private/public exits. Prior to joining the firm, he worked for a family office that focused on business planning and wealth transfer for ultra-high net worth clients. He also worked in public accounting, providing tax services for institutional clients within the alternative investments industry. Brandyn graduated from Southern Connecticut State University and obtained his Masters in Accounting from Liberty University, and is a Certified Public Accountant (Not-practicing at Morgan Stanley) and CERTIFIED FINANCIAL PLANNER® in the state of New York.
* This role cannot solicit or provide investment advice
* This role cannot solicit or provide investment advice
About Tania Espinal
Tania Espinal is a member of the Family Office practice within the Bluestone Wealth Management Group. She focuses on assisting both Financial Advisors and ultra-high net worth clients with operational, administrative and general support for the team. Tania is fluent in Spanish and helps cover international clients.
Her career in the financial services industry began in 2007, and she joined Morgan Stanley in 2015 as a Client Service Associate. Prior to joining the firm, Tania held roles in operations at several major retail banks. She graduated from Baruch College with a Bachelor of Science in Operations Management and a minor in Spanish. Tania resides in Manhattan, NY with her family.
Her career in the financial services industry began in 2007, and she joined Morgan Stanley in 2015 as a Client Service Associate. Prior to joining the firm, Tania held roles in operations at several major retail banks. She graduated from Baruch College with a Bachelor of Science in Operations Management and a minor in Spanish. Tania resides in Manhattan, NY with her family.
About Ryan Amberger
Ryan Amberger
Wealth Management Analyst
Ryan Amberger is a member within the BlueStone Group at Morgan Stanley Private Wealth Management. Ryan concentrates his efforts on assisting clients with customized reporting and modeling. In addition, he supports the team’s alternative investment solutions. Prior to joining Morgan Stanley, Ryan worked as an Equity Research Associate for the Royal Bank of Canada and Seaport Global Securities, where he focused on financial modeling and analysis. Ryan graduated with a BA in Finance from Villanova University.
The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5898548 08/2023
Wealth Management Analyst
Ryan Amberger is a member within the BlueStone Group at Morgan Stanley Private Wealth Management. Ryan concentrates his efforts on assisting clients with customized reporting and modeling. In addition, he supports the team’s alternative investment solutions. Prior to joining Morgan Stanley, Ryan worked as an Equity Research Associate for the Royal Bank of Canada and Seaport Global Securities, where he focused on financial modeling and analysis. Ryan graduated with a BA in Finance from Villanova University.
The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5898548 08/2023
About Robert Bottoni
Robert Bottoni is a member of the Bluestone Wealth Management Group at Morgan Stanley. He joined the team in 2023 as a Registered Associate. Robert concentrates his efforts on assisting ultra-high net worth families and institutions with customized performance reporting, processing equity and fixed income trades, supporting the team’s alternative investment solutions, and assisting with client onboarding and account maintenances.
Prior to joining the team, he worked for a Wealth Management firm in Long Island, NY where he was a Financial Advisor dealing with high-net-worth individuals. Robert graduated in 2020 with a BA in Economics at Hobart & William Smith Colleges.
Prior to joining the team, he worked for a Wealth Management firm in Long Island, NY where he was a Financial Advisor dealing with high-net-worth individuals. Robert graduated in 2020 with a BA in Economics at Hobart & William Smith Colleges.
Contact Dennis Cutrone
Contact Meera Mayer
Wealth Management
Global Investment Office
Portfolio Insights
This is a video content
Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
Funding Climate Action: Pathways for Philanthropy
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Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
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We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
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Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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1Morgan Stanley Smith Barney LLC (the “Firm”) and its affiliates do not currently offer the services provided by this Service Provider(s). The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s). The Firm makes no representations regarding the appropriate or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers for comparative purposes. If you choose to contact the Service Provider(s), do thorough due diligence, and make your own independent decision.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Borrowing against securities may not be appropriate for everyone. You should be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Important Risk Information for Securities Based Lending: You need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
3Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
4Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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.
7Asset Allocation does not assure a profit or protect against loss in declining financial markets.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Awards Disclosures
CRC 4237142 (02/2025)
