J Jay Robinson Jr.
Senior Vice President, Wealth Advisor
Phone:
(904) 632-0239(904) 632-0239
The Bridgeview IC Group at Morgan Stanley
Our Mission Statement
We provide the advice and clarity needed for our clients to pursue their own dreams, talents, and passions
Our Story and Services
The BridgeView IC Group was formed by the merger of The CU Focus Group and The Robinson Group to deliver a premier suite of family wealth management strategies. The merger of these two teams brings a unique skill set together into one team. The CU Focus Group has worked predominantly with institutions around the country. Whereas, The Robinson Group’s multigenerational team, with deep roots dating back to 1967, focuses on building multigenerational family relationships by providing customized solutions with exceptional service and execution.
By bringing together individual talents into a cohesive team, The BridgeView IC Group seeks to provide our clients with comprehensive, custom tailored solutions. From Retirement & Inheritance planning, to coordination with your trusted estate planning professionals, the Bridgeview IC Group is fixated on delivering our robust expertise to clients. Having access to institutional level resources, at one of the world’s preeminent global financial services firms, means that our advice is informed by a global perspective and backed by the latest strategies and concepts in the family wealth management field.
We believe there is more to wealth planning than advice on any one investment, so we take an integrated, holistic approach to helping you invest for your needs and goals. Our team based approach allows our clients to benefit from our diverse experience and knowledge of wealth management solutions. Just as our estate planning strategies are designed for durability across the generations of your family, our team is designed with succession plans to ensure your heirs have access to seamless advice far into the future.
By bringing together individual talents into a cohesive team, The BridgeView IC Group seeks to provide our clients with comprehensive, custom tailored solutions. From Retirement & Inheritance planning, to coordination with your trusted estate planning professionals, the Bridgeview IC Group is fixated on delivering our robust expertise to clients. Having access to institutional level resources, at one of the world’s preeminent global financial services firms, means that our advice is informed by a global perspective and backed by the latest strategies and concepts in the family wealth management field.
We believe there is more to wealth planning than advice on any one investment, so we take an integrated, holistic approach to helping you invest for your needs and goals. Our team based approach allows our clients to benefit from our diverse experience and knowledge of wealth management solutions. Just as our estate planning strategies are designed for durability across the generations of your family, our team is designed with succession plans to ensure your heirs have access to seamless advice far into the future.
Services Include
- 401(k) Rollovers
- 529 PlansFootnote1
- Asset Management
- Business Succession PlanningFootnote2
- Cash Management and Lending ProductsFootnote3
- Estate Planning StrategiesFootnote4
- Exchange Traded FundsFootnote5
- Executive Benefit ServicesFootnote6
- Financial PlanningFootnote7
- Professional Portfolio ManagementFootnote8
- Planning for Individuals with Special Needs and their Families
- Philanthropic ManagementFootnote9
- Stock Plan ServicesFootnote10
- Trust ServicesFootnote11
- Alternative InvestmentsFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Process
1. Introduction
In our initial conversation we introduce our team and capabilities, but our focus is to understand you the client. We feel the bedrock of sound advice is deep understanding of your goals and what you are looking for in an advisor. The team of trusted advisors you may have for tax and legal advice is also an important element to providing optimum service.
2. Discovery
Our second discussion centers on your values, goals, and challenges. Every family and business faces a unique set of circumstances, and we use this time to better understand yours. This is a crucial step in developing our strategy, tailored to you.
3. Analysis
Equipped with where you are, and where you want to go, our team uses a variety of planning and stress testing tools as we identify appropriate solutions for your financial plan. These tools allow us to finalize a long term strategy for the clients we serve.
4. Plan Presentation
We meet and present in detail our recommended plan. This will include investment recommendations to align with your goals, minimize tax liabilities, and estate planning reviews. This is not a one way conversation, and based on your feedback we amend the plan before moving forward.
5. Implementation
Once you are satisfied with the direction of the plan, we begin the process of moving assets to Morgan Stanley and implementing our agreed upon strategies. Because we believe in holistic advice, we like to coordinate with your trusted CPA’s and attorneys to ensure all three sets of advice and strategy are working toward the same goals.
6. White Glove Service
Our team is committed to delivering premium service to our clients. This level of service results in a level of trust that leads to our team serving our client’s family wealth advisor for multiple generations.
Helpful Resources
These helpful resources outline the 2022 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, along with other useful information. With tax season approaching quickly, it’s best to be as informed as possible.
2022 Federal Tax Tables
This resource outlines the federal tax rate schedule for 2022, along with other relevant information.
View the 2022 Tax TablesRetirement Plans
This resource outlines important information pertaining to retirement accounts, including eligibility, tax status, contribution limits, and more.
View 2022 Retirement Plan Quick GuideUpcoming Firm Events
We hope you will join us for this upcoming event.
U.S. Policy Pulse: 100 Days of Trump 2.0
DATE: April 24, 2025 at 4:15 p.m. ETWhat do the policies of the administration's first 100 days indicate for the economy and the markets? Join Morgan Stanley Wealth Management Chief Investment Officer, Lisa Shalett, for a conversation with Global Head of Government Relations, Michael J. Stein, and Head of U.S. Policy, Monica Guerra, about potential implications for investors.Can't attend the live event? Register anyway for access to the replay.
4398292 04/2025
Online
Investing With Impact
Investing with impact can help advance environmental, social, and governance (ESG) goals. Covering a broad spectrum of goals, your investment in our ESG portfolio can be tailored to meet the personal goals that you desire. The ESG impact portfolio is aligned to the "Three I's: framework that Morgan Stanley encourages investors to consider:
Intentionality: Investment process that seeks to generate market-rate financial returns alongside positive social and environmental impact.
Influence: Focusing on the role shareholders can play in helping change company behavior for the better through active engagement.
Inclusion: Ensuring diverse firm ownership as well as diverse representation across investment professionals.
Contact the team to learn more about how you can invest with impact.
Intentionality: Investment process that seeks to generate market-rate financial returns alongside positive social and environmental impact.
Influence: Focusing on the role shareholders can play in helping change company behavior for the better through active engagement.
Inclusion: Ensuring diverse firm ownership as well as diverse representation across investment professionals.
Contact the team to learn more about how you can invest with impact.
Location
50 N. Laura St
Ste 2000
Jacksonville, FL 32202
US
Direct:
(904) 632-0200(904) 632-0200
Meet The Bridgeview IC Group
Johnthomas Cumbow, CFP®
Vice President, Wealth Advisor, Senior Portfolio Manager
Phone:
(904) 632-0216(904) 632-0216
Joe Ranucci
Executive Director, Corporate Cash Investment Director
Phone:
(904) 632-0230(904) 632-0230
Phone:
(904) 632-0240(904) 632-0240
Elyse Gustafson
Financial Advisor
Phone:
(904) 632-0273(904) 632-0273
Kim Bouscher
Senior Client Service Associate
Phone:
(904) 632-0274(904) 632-0274
Dawn Buchholz
Portfolio Associate
Phone:
(904) 632-0275(904) 632-0275
About J Jay Robinson Jr.
Jay Robinson Jr. is a second-generation Morgan Stanley advisor, Senior Vice President, and senior partner of The Bridgeview IC Group. He and his team provide customized solutions focusing on asset protection as well as income preservation for individuals, families, and institutions. Jay’s area of focus extends beyond investments and includes Liability Management, Trust & Estate Planning, as well as Philanthropic strategies. Joining Morgan Stanley in 1999, Jay was a founding member of the Robinson Group. Since then, he has provided tailored financial advice to multiple generations of clients.
Born and raised in Jacksonville, Jay attended Spring Hill college and graduated from the University of North Florida. Outside of work, he can be found spending time with his wife, Ashley, and two children, Kent and Elle. Jay and his family enjoy spending time on the water doing activities such fishing, tubing, skiing, snorkeling, and more.
Jay has been named to the Forbes Best-In-State Wealth Advisors for 2021, 2022, 2023 & 2024.
2022-2023 and 2023-2024 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2022-2023 and 2023-2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Born and raised in Jacksonville, Jay attended Spring Hill college and graduated from the University of North Florida. Outside of work, he can be found spending time with his wife, Ashley, and two children, Kent and Elle. Jay and his family enjoy spending time on the water doing activities such fishing, tubing, skiing, snorkeling, and more.
Jay has been named to the Forbes Best-In-State Wealth Advisors for 2021, 2022, 2023 & 2024.
2022-2023 and 2023-2024 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2022-2023 and 2023-2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Securities Agent: HI, FL, WV, TN, DE, CA, VT, MA, AR, UT, TX, NY, MI, VI, SC, NM, MN, IL, CT, AZ, WA, PA, NJ, MD, LA, CO, AL, RI, OR, OK, OH, NH, ME, VA, NC, KS, GA, MS, MO, KY, DC, NV; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1268194
NMLS#: 1268194
About Johnthomas Cumbow
John is currently a Vice President at Morgan Stanley and one of the three senior partners with the Bridgeview IC Group. He is a Senior Portfolio Manager and holds a CFP® designation and works alongside individuals, families, business owners, and executives to create and implement comprehensive and customized solutions and strategies. With over two decades of experience, John brings a dedicated, loyal, and mid-western style approach to the team.
John graduated from The Ohio State University with a degree in Economics. He began his career at Merrill Lynch in 1993 and joined Morgan Stanley in 1996. Outside of work, John can be seen spending time with his wife, Amy, and two children, Katherine and Alexander. He enjoys playing golf and tennis, and coaches middle school football for the Episcopal School of Jacksonville.
John graduated from The Ohio State University with a degree in Economics. He began his career at Merrill Lynch in 1993 and joined Morgan Stanley in 1996. Outside of work, John can be seen spending time with his wife, Amy, and two children, Katherine and Alexander. He enjoys playing golf and tennis, and coaches middle school football for the Episcopal School of Jacksonville.
Securities Agent: AR, TN, SC, PR, OR, RI, FL, WV, PA, NY, MS, MD, CA, NH, LA, IL, DE, WA, VA, OH, ME, GA, VI, NC, MA, KY, HI, UT, NM, MI, AL, MN, CT, CO, OK, NV, MO, KS, IA, DC, TX, NJ, AZ; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1288084
CA Insurance License #: 0E01077
NMLS#: 1288084
CA Insurance License #: 0E01077
About Joe Ranucci
Joe has more than 25 years of experience with institutional fixed income clients. He began his career on the bond desk at Lehman Brothers in New York City. He made his way to Morgan Stanley in 2000. He currently serves as an Executive Director in the Institutional Client Coverage department for Fixed Income Sales and was a founding partner of The CU Focus Group at Morgan Stanley. Joe is a graduate of High Point University. He earned degrees in both economics and marketing. When not at work, Joe can be found spending time with his wife and four kids, either at the soccer fields or on the water.
Securities Agent: PA, OK, DE, DC, AL, VT, UT, OH, NY, NH, MN, IA, CA, WI, RI, MA, KY, HI, AR, VI, TN, MS, MI, MD, IN, CO, AZ, SC, WV, VA, PR, OR, NM, NJ, ME, KS, WA, IL, FL, NC, MO, CT, NV, LA, GA, TX; General Securities Representative; Investment Advisor Representative
NMLS#: 1873863
NMLS#: 1873863
About Parker Barriball
Parker is a Financial Advisor and partner with The Bridgeview IC Group at Morgan Stanley. He brings a wealth of international and business experience to the team. Prior to joining the firm in 2018, Parker spent six years living and working in China for American agricultural companies. Working with individuals, families, and business owners, Parker’s unique experience and perspective enable him to bring a broad view of global trends to his clients.
Parker graduated from Florida State University with degrees in International Affairs and Chinese Linguistics. In his free time, Parker is an avid water fowler and Brazilian Jiu Jitsu practitioner. He and his wife, Selenia, enjoy sampling Jacksonville’s culinary offerings.
Parker graduated from Florida State University with degrees in International Affairs and Chinese Linguistics. In his free time, Parker is an avid water fowler and Brazilian Jiu Jitsu practitioner. He and his wife, Selenia, enjoy sampling Jacksonville’s culinary offerings.
Securities Agent: MS, AR, VI, TX, CO, AZ, WA, OR, OK, NY, MD, LA, RI, OH, NM, ME, HI, CT, WV, VA, FL, CA, UT, IL, DC, TN, SC, MO, KS, DE, AL, PA, NV, NH, NC, MI, MA, GA, NJ, MN, KY; General Securities Representative; Investment Advisor Representative
NMLS#: 1805359
NMLS#: 1805359
About Elyse Gustafson
Elyse works with business owners, non-profit leaders, and philanthropically minded families, managing their financial lives so they can focus on what matters to them most. Using the resources of Morgan Stanley, Elyse provides access to financial planning and investment solutions that are tailored to her clients’ goals. She also works to find creative ways to align her clients’ investment goals with their values.
Elyse earned a Master of Business Administration from the Johns Hopkins Carey Business School, a Master of Divinity from Duke University, and a Bachelor of Arts in international relations from Wheaton College. She serves on several local non-profit boards and as a priest associate at the Church of the Good Shepherd in Riverside neighborhood of Jacksonville.
Elyse earned a Master of Business Administration from the Johns Hopkins Carey Business School, a Master of Divinity from Duke University, and a Bachelor of Arts in international relations from Wheaton College. She serves on several local non-profit boards and as a priest associate at the Church of the Good Shepherd in Riverside neighborhood of Jacksonville.
Securities Agent: CT, VT, HI, FL, OK, MA, DE, DC, AR, AL, TX, PR, OH, PA, CA, UT, MD, KY, VI, NY, NM, MS, MN, AZ, SC, OR, NH, LA, KS, IL, WV, VA, TN, ME, GA, CO, WA, RI, NJ, MI, IA, NV, NC, MO; General Securities Representative; Investment Advisor Representative
NMLS#: 1889145
NMLS#: 1889145
About Kim Bouscher
Kim Bouscher is a Senior Client Service Associate at Morgan Stanley. She began her career over 34 years ago and has been with the firm since 2000. She has gained invaluable operations and client service experience during that time.
Kim lived abroad as a naval dependent for most of her childhood, finishing high school, focusing on business, in rural Pennsylvania. Kim attended Penn State, majoring in broadcast journalism. She enjoys traveling, family time, and being active in the Church in the Orange Park Community where she and her husband Kelly have lived for 29 years. She has one daughter, Lauren, who is a graduate from FSU.
Kim lived abroad as a naval dependent for most of her childhood, finishing high school, focusing on business, in rural Pennsylvania. Kim attended Penn State, majoring in broadcast journalism. She enjoys traveling, family time, and being active in the Church in the Orange Park Community where she and her husband Kelly have lived for 29 years. She has one daughter, Lauren, who is a graduate from FSU.
About Dawn Buchholz
Dawn is a Portfolio Associate and has been with Morgan Stanley for over 25 years. By using the firms extensive resources and tools, she’s able to provide our clients with exceptional personalized service and problem solving in a timely manner. With her knowledge of the wealth management industry, she’s able to build strong relationships with our clients, assist with daily account maintenance, process asset transfers, and respond to client inquiries. She also uses her organizational skills and attention to detail in assisting institutional fixed income clients with trade reconciliation, settlement issues, and general client service processes.
Having started out in operations, she currently holds the Series 7, 63 and 66 licenses, and earned a bachelor’s degree from Wisconsin Lutheran College.
In her free time, Dawn enjoys spending time with her family, reading, cooking, and watching sports.
Having started out in operations, she currently holds the Series 7, 63 and 66 licenses, and earned a bachelor’s degree from Wisconsin Lutheran College.
In her free time, Dawn enjoys spending time with her family, reading, cooking, and watching sports.
Contact J Jay Robinson Jr.
Contact Johnthomas Cumbow
Contact Joe Ranucci
Contact Parker Barriball
Contact Elyse Gustafson
Wealth Management
From Our Team
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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
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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Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Bridgeview IC Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Investors 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.
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 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
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
5An 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.
6When 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.
7Morgan 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.
8Morgan 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.
9Products 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.
Morgan 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 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.
11Morgan 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.
Morgan 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.
12Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
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
1Investors 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.
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 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
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
5An 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.
6When 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.
7Morgan 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.
8Morgan 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.
9Products 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.
Morgan 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 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.
11Morgan 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.
Morgan 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.
12Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
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Awards Disclosures
CRC 6491812 (04/2024)
