Lee Burklow
Executive Director, Financial Advisor
Phone:
(615) 298-6556(615) 298-6556
The Acklen Park Group at Morgan Stanley
Direct:
(615) 298-6557(615) 298-6557
Toll-Free:
(800) 228-8517(800) 228-8517
Our Mission Statement
Behind every balance sheet is a story. We help you write your next chapter with experience-backed guidance, gold standard credentials, and the full depth of Morgan Stanley’s global resources.
About Us
Family Values Shape Everything We Do
At The Acklen Park Group, confidence, integrity, and collaboration aren't just words — they're the principles that guide how we advise, how we listen, and how we stand beside the individuals and families we serve through life's every stage.
Entrusted with nearly $3 billion in assets,* we aim to deliver strategies designed to help navigate market cycles. Your retirement. Your legacy. Your family. These are priorities best prepared for years in advance — and they are exactly what our team is built to help you navigate.
Perspective Earned Through Experience
Our seven-member group brings together decades of combined experience across market cycles, complex tax management strategies and estate planning strategies, and comprehensive investment strategies — from concentrated equity to alternative investments. And with that tenure comes perspective.
At the heart of our work isn't spreadsheets — it's stories.
Every balance sheet, every investment, every plan reflects a life being built, a family being supported, a legacy being written. We see ourselves as dedicated resources in that story, seeking to help guide each chapter with clarity and care.
Let's write your next chapter together.
For a second opinion on your current financial strategy, or to discuss your goals, please give us a call at (615) 298-6557.
*AUM as of October 2025
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.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Entrepreneurs & Business Owners
Building a business is more than a career — it’s a lifetime of effort, innovation, and risk. Our team helps owners translate the value of their business into a broader wealth strategy, plan for business transitions or exits, and protect both family and enterprise. This helps ensure the legacy they’ve built endures for generations.
Corporate Executives & Professionals
Executives and high-achieving professionals juggle demanding careers and complex financial lives. We simplify compensation, stock options, and retirement planning — balancing short-term goals with long-term security while respecting your busy life.
Multigenerational Families
Family wealth brings opportunity — and responsibility. We guide families through estate planning, trusts, philanthropy, and financial education for younger generations, helping maintain harmony and create a lasting legacy that reflects their values.
Institutional Clients
Organizations, endowments, and foundations face unique financial challenges: aligning investment strategy with long-term obligations, managing liquidity, navigating governance structures, and coordinating with multiple stakeholders. We leverage decades of experience and Morgan Stanley resources to deliver disciplined, flexible solutions tailored to each institution’s mission and risk profile.
Step 1: Discovery & Diligence
We begin by listening — and learning.
• Gain a deep understanding of your values, ambitions, and legacy intentions
• Explore family structure, operating businesses, trusts, philanthropic initiatives, and real assets
• Identify key stakeholders and decision-makers across generations and entities
• Map your global balance sheet, cash flow, and liquidity requirements
• Gain a deep understanding of your values, ambitions, and legacy intentions
• Explore family structure, operating businesses, trusts, philanthropic initiatives, and real assets
• Identify key stakeholders and decision-makers across generations and entities
• Map your global balance sheet, cash flow, and liquidity requirements
Step 2: Foundation & Framework
Strategy begins with clarity.
• Develop a comprehensive and fully customized wealth plan
• Establish relationship structure and define decision-making protocols
• Create a communication cadence tailored to your schedule and level of involvement
• Analyze your cash flow and tax needs
• Develop a comprehensive and fully customized wealth plan
• Establish relationship structure and define decision-making protocols
• Create a communication cadence tailored to your schedule and level of involvement
• Analyze your cash flow and tax needs
Step 3: Strategic Alignment
Where complexity meets coordination.
• Integrate tax, trust, and estate strategies with your investment objectives
• Collaborate with your legal, tax, and business advisors for cohesion
• Address legacy planning, family gifting, and intergenerational education
• Optimize cash management, real estate lending, and credit facilities
• Explore private investments, alternative strategies, and philanthropic vehicles
• Evaluate risk across jurisdictions, generations, and asset classes
• Integrate tax, trust, and estate strategies with your investment objectives
• Collaborate with your legal, tax, and business advisors for cohesion
• Address legacy planning, family gifting, and intergenerational education
• Optimize cash management, real estate lending, and credit facilities
• Explore private investments, alternative strategies, and philanthropic vehicles
• Evaluate risk across jurisdictions, generations, and asset classes
Step 4: Execution With Precision
The power of action, backed by experience.
• Construct a customized, institutionally informed asset allocation
• Implement across taxable, tax-deferred, and trust-held entities
• Align portfolio strategy with market conditions and liquidity events
• Leverage the full depth of Morgan Stanley’s platform: Investment Banking, Private Credit, Alternative Investments, and Family Office Resources
• Coordinate execution across all internal and external advisors
• Construct a customized, institutionally informed asset allocation
• Implement across taxable, tax-deferred, and trust-held entities
• Align portfolio strategy with market conditions and liquidity events
• Leverage the full depth of Morgan Stanley’s platform: Investment Banking, Private Credit, Alternative Investments, and Family Office Resources
• Coordinate execution across all internal and external advisors
Step 5: Monitor & Adapt
Because wealth is never static.
• Provide rigorous, ongoing performance and risk monitoring
• Host regular reviews with principals and family stakeholders
• Reassess strategies in response to liquidity events, new tax laws, or shifting family dynamics
• Continuously evolve the strategy in alignment with your legacy vision
• Provide rigorous, ongoing performance and risk monitoring
• Host regular reviews with principals and family stakeholders
• Reassess strategies in response to liquidity events, new tax laws, or shifting family dynamics
• Continuously evolve the strategy in alignment with your legacy vision
Morgan Stanley's SUITE OF DIGITAL TOOLS
Digital technology is centered on how people communicate, consume, transact and travel. Our suite of digital tool offerings are designed to optimize every aspect of your financial life. Below, outlines a few of the technologies we have to offer our clients.
Morgan Stanley Online and MS Mobile
In addition to providing access to your account balance and activity, Morgan Stanley Online (MSO) offers a vast set of features designed to facilitate your daily financial management needs. With MSO, you can effortlessly handle various everyday tasks such as bill payments, sending money, fund transfers, and expedite transactions with a single click using eAuthorizations. These features are designed to streamline and simplify your financial management processes, ultimately saving you time and effort.
Morgan Stanley Online
Reserved Living and Giving
Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. The program goes beyond traditional wealth management services and provides access to one-of-a-kind experiences, discounts on premium brands, and much more. Click the link below to learn more, enroll and enjoy.
Learn More
CashPlus
Designed as a modern alternative to banking, providing more value, more protection, and a seamless digital experience, CashPlus allows smart cash management. Open a CashPlus account and take advance of all its benefits, including comprehensive protection, exceptional access and value, a seamless digital experience, and much more.
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
Learn MoreMorgan 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
Your Investor Toolbox
At Morgan Stanley, we believe that a solid foundation in financial education is essential in gaining valuable insights into investment strategies and developing disciplined decision-making abilities. This in turn, leads to better long-term outcomes. With this in mind, we are dedicated to providing our clients with vital information on managing wealth effectively in today’s dynamic global markets.
To support this commitment, we have curated an array of resources that emphasize the fundamental investment strategies and concepts integral to our practice. We have made these resources easily accessible by providing links, and we encourage you to return frequently to deepen your understanding of the topics that impact your overall financial health.
To support this commitment, we have curated an array of resources that emphasize the fundamental investment strategies and concepts integral to our practice. We have made these resources easily accessible by providing links, and we encourage you to return frequently to deepen your understanding of the topics that impact your overall financial health.
On The Markets Research Report
Morgan Stanley’s esteemed thought leaders offer a comprehensive market commentary that provides in-depth insights on a variety of topics, including global equities, fixed income, monetary policy, and more.
Read The Latest Report
GIC Weekly Research Report
In this weekly analysis of markets, asset class performance, and fixed income, Lisa Shalett, Head of the Global Investment Office, provides her expert insights and a comprehensive perspective.
Read The Latest Report
Thoughts On The Market Podcast
Gain valuable insights into the market's dynamics from the perspective of Mike Wilson, the highly respected Chief Investment Officer and Chief Equity Strategist for Morgan Stanley, and his team. Listen to the Team's dialogue encompassing diverse viewpoints on the latest trends in the financial marketplace, exploring the various forces that are shaping the industry.
Check Out The Latest Episode
The Morgan Stanley Minute
Explore our 1-minute investment insights videos in this on-going series from our firm’s leading thinkers. Discover current investment trends and topics like green bonds, active investment, monetizing small businesses, cybercrime and more.
Click Here to View
Tax Smart Investing
Tax management that is integrated into your investment process may help you grow your wealth. When it comes to tax-aware investing, you should think ahead—not just at tax time, but throughout the investment process. Tax-smart strategies may help lead to better overall outcomes.
Learn MoreLocation
3102 West End Ave
Ste 200
Nashville, TN 37203
US
Direct:
(615) 298-6557(615) 298-6557
Toll-Free:
(800) 228-8517(800) 228-8517
Meet The Acklen Park Group
Andrew Mazzoni, CFP®
Executive Director, Financial Advisor, Senior Investment Management Consultant
Phone:
(615) 298-6544(615) 298-6544
Christopher Sigmund, CIMA®
Executive Director, Financial Advisor, Alternative Investments Director
Phone:
(615) 298-6557(615) 298-6557
Jack Zager
Senior Vice President, Financial Advisor, Senior Investment Management Consultant
Phone:
(615) 298-6543(615) 298-6543
Stacy Novak
Director of Business Strategy, Wealth Management, Assistant Vice President, Financial Planning Specialist *This role cannot solicit or provide investment advice
Phone:
(615) 298-6546(615) 298-6546
Chris Long
Wealth Management Associate, Assistant Vice President
Phone:
(615) 269-2455(615) 269-2455
Tami Hixson
Portfolio Associate
Phone:
(615) 298-6539(615) 298-6539
About Lee Burklow
As an Executive Director, Financial Advisor and founding member of The Acklen Park Group at Morgan Stanley with more than 28 years of industry experience, Lee Burklow provides highly customized advice to corporate executives, entrepreneurs and multi-generational families. He works closely with the Group’s clients to help ensure their goals and objectives remain current and are being met. Lee’s comprehensive approach includes a thorough planning process and a commitment to providing outstanding service and advice.
A graduate of Freed-Hardeman University with a Bachelor of Business Administration degree with a concentration in Finance, Lee was a four-year letterman and three-year captain of the University’s Mens basketball team.
Born and raised in Hohenwald, Tennessee, Lee currently lives in Brentwood with his wife, Cayce, and their four children, Bo, Frances, Gray and Ty. He is an active member of his community while serving as a Board member of the Crieve Hall Youth Athletic Association. In his leisure time, Lee enjoys coaching youth baseball and basketball, as well as hunting and fishing.
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.
A graduate of Freed-Hardeman University with a Bachelor of Business Administration degree with a concentration in Finance, Lee was a four-year letterman and three-year captain of the University’s Mens basketball team.
Born and raised in Hohenwald, Tennessee, Lee currently lives in Brentwood with his wife, Cayce, and their four children, Bo, Frances, Gray and Ty. He is an active member of his community while serving as a Board member of the Crieve Hall Youth Athletic Association. In his leisure time, Lee enjoys coaching youth baseball and basketball, as well as hunting and fishing.
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.
Securities Agent: MO, MA, DC, PA, OH, LA, SC, NV, MI, DE, WA, TN, NY, IL, MS, KS, CO, WI, UT, NM, NC, CA, AL, VA, FL, TX, ME, MD, IN, GA, AZ, AR, MN, KY, HI, CT, OR, NJ; General Securities Representative; Investment Advisor Representative
NMLS#: 1834732
NMLS#: 1834732
About Andrew Mazzoni
Andrew began his financial services career with Morgan Stanley in 2001. Having earned his CFP designation in 2006, he places a high value on long-term relationships and is focused on helping clients build and preserve wealth.
Andrew grew up in Nashville and attended Montgomery Bell Academy before graduating from Furman University with a degree in Business Administration. When not in the office, he enjoys spending time with his wife Ginny and their twins, Conner and Kaitlyn. He is an active player in a men's hockey league and the entire family are avid supporters of the Nashville Predators.
Andrew grew up in Nashville and attended Montgomery Bell Academy before graduating from Furman University with a degree in Business Administration. When not in the office, he enjoys spending time with his wife Ginny and their twins, Conner and Kaitlyn. He is an active player in a men's hockey league and the entire family are avid supporters of the Nashville Predators.
Securities Agent: LA, AL, NM, MO, CT, OH, DE, CA, UT, TN, PA, MA, IN, MI, CO, OR, NJ, MN, MD, HI, FL, NY, MS, ME, KY, WA, GA, DC, AZ, WV, TX, IL, WI, VA, SC, NC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1411238
NMLS#: 1411238
About Christopher Sigmund
Chris Sigmund is an Executive Director, Financial Advisor and founding member of The Acklen Park Group at Morgan Stanley. With more than 25 years of investment management experience, Chris creates comprehensive wealth management plans and provides customized strategies for high net worth clients, families and institutions.
In 1991, Chris began his career in New York City as an institutional fixed-income broker and trader. In 1995, Chris joined Smith Barney in Washington DC as a Senior Institutional Consultant/Financial Advisor. In 1999 he moved to Nashville with his wife Kim (a native of Nashville) where he continued to work at Smith Barney. The team left Smith Barney and joined Morgan Stanley in 2007.
Chris learned from his experience as institutional broker and trader, the importance of remaining objective and to control one’s emotion’s when investing. This has become an underlying principle of Chris’ investment philosophy and one that has helped his clients cope with the periodic – and sometimes wild – swings in the market. When it comes to risk management, Chris is just as focused on helping preserve his client’s wealth as he is on helping grow it.
Chris takes financial courses regularly to maximize his potential in serving his clients diverse needs. He holds the Certified Investment Manager Analyst (CIMA®) designation, administered by the Investments and Wealth Institute and taught in conjunction with the Wharton School at the University of Pennsylvania.
Throughout his career, Chris has made time for giving back to others. He has been an active community member and has held board and advisory positions on several endowments and community organizations. When he’s not working with clients or volunteering his time, you can find Chris spending quality time with family and friends. In his leisure time, he enjoys playing golf, tennis, mountain biking and learning guitar.
In 1991, Chris began his career in New York City as an institutional fixed-income broker and trader. In 1995, Chris joined Smith Barney in Washington DC as a Senior Institutional Consultant/Financial Advisor. In 1999 he moved to Nashville with his wife Kim (a native of Nashville) where he continued to work at Smith Barney. The team left Smith Barney and joined Morgan Stanley in 2007.
Chris learned from his experience as institutional broker and trader, the importance of remaining objective and to control one’s emotion’s when investing. This has become an underlying principle of Chris’ investment philosophy and one that has helped his clients cope with the periodic – and sometimes wild – swings in the market. When it comes to risk management, Chris is just as focused on helping preserve his client’s wealth as he is on helping grow it.
Chris takes financial courses regularly to maximize his potential in serving his clients diverse needs. He holds the Certified Investment Manager Analyst (CIMA®) designation, administered by the Investments and Wealth Institute and taught in conjunction with the Wharton School at the University of Pennsylvania.
Throughout his career, Chris has made time for giving back to others. He has been an active community member and has held board and advisory positions on several endowments and community organizations. When he’s not working with clients or volunteering his time, you can find Chris spending quality time with family and friends. In his leisure time, he enjoys playing golf, tennis, mountain biking and learning guitar.
Securities Agent: WY, SC, KS, TN, NJ, CT, NM, MI, AZ, WA, NV, MO, FL, DC, WI, PA, NY, MN, CO, TX, MA, LA, KY, DE, CA, AR, ME, UT, OH, NC, MD, MS, OR, IN, IL, HI, GA, AL, VA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 2301535
NMLS#: 2301535
About Jack Zager
A Nashville native, Jack received is Bachelor of Arts from Vanderbilt University. He did post-graduate work at Vanderbilt, The University of Memphis and the University of Tennessee Medical College upon completion of military service in the U.S. Army.
He Joined Morgan Stanley in 1982, and is the published author of a book of children's poems titled "Where do the Tigers Go?"
Jack and his wife, Sylvia, have 2 sons, 6 grandchildren and 4 great grandchildren. In their spare time they enjoy spending time with their family, Vanderbilt Athletics and walking the beach in Marco Island.
He Joined Morgan Stanley in 1982, and is the published author of a book of children's poems titled "Where do the Tigers Go?"
Jack and his wife, Sylvia, have 2 sons, 6 grandchildren and 4 great grandchildren. In their spare time they enjoy spending time with their family, Vanderbilt Athletics and walking the beach in Marco Island.
Securities Agent: NY, ME, MD, HI, KY, GA, CT, AZ, MA, CO, PA, DE, AL, WV, SC, OR, TX, MS, MO, MN, MI, FL, DC, AR, WA, TN, NM, NJ, IN, IL, NC, LA, VA, UT, OH, CA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1388024
NMLS#: 1388024
About Stacy Novak
A financial service professional for over 25 years, Stacy Novak brings a wealth of knowledge and experience to the Acklen Park Group. Stacy initiates and prepares financial plans, along with her advisors, to help clients and their families work towards their financial goals.
She connects with clients on a daily basis, with a focus of providing a high level of attention and service.
Stacy resides in Franklin, TN with her daughters, Peyton and Zoe, along with their two rescue dogs, Lola and Luna! When they're not traveling with the girls club Volleyball teams, they enjoy being outdoors and visiting the beach!
She connects with clients on a daily basis, with a focus of providing a high level of attention and service.
Stacy resides in Franklin, TN with her daughters, Peyton and Zoe, along with their two rescue dogs, Lola and Luna! When they're not traveling with the girls club Volleyball teams, they enjoy being outdoors and visiting the beach!
About Chris Long
In an industry where the only thing certain is uncertainty, Chris believes in providing an exceptional and consistent level of service to your needs. As a Wealth Management Associate, his primary responsibilities include reporting analysis, client transactions, and many other initiatives of our team.
Chris began his career in the healthcare industry and has over 19 years experience in finance and operations. In 2016, Chris joined Morgan Stanley as a Client Service Associate and then, in 2018, joined the team as a Registered Associate.
A 2006 graduate of the University of Tennessee, Chris earned his Bachelors of Business Administration with a concentration in Finance with collateral studies in Logistics. He and his wife, Christine, and their children live in their hometown of Dickson, TN. During his spare time, Chris enjoys supporting his alma mater with family and friends and is also an avid outdoorsman.
Chris began his career in the healthcare industry and has over 19 years experience in finance and operations. In 2016, Chris joined Morgan Stanley as a Client Service Associate and then, in 2018, joined the team as a Registered Associate.
A 2006 graduate of the University of Tennessee, Chris earned his Bachelors of Business Administration with a concentration in Finance with collateral studies in Logistics. He and his wife, Christine, and their children live in their hometown of Dickson, TN. During his spare time, Chris enjoys supporting his alma mater with family and friends and is also an avid outdoorsman.
About Tami Hixson
Having over 30 years of experience in the financial industry, Tami focuses on delivering superior service and attention to detail with every client. She provides a wide range of operational and administrative services and enjoys cultivating and developing relationships with clients.
A native Tennessean, Tami earned her bachelors degree from MTSU and graduate degree from Cumberland University.
She lives in Hendersonville, TN with her husband, Richard, and their very spoiled border collie, Roxanne. She looks forward to Sundays when she gets to spend time with her large family and enjoys cooking for them. Tami is also an avid Vandy Basketball and Baseball fan.
A native Tennessean, Tami earned her bachelors degree from MTSU and graduate degree from Cumberland University.
She lives in Hendersonville, TN with her husband, Richard, and their very spoiled border collie, Roxanne. She looks forward to Sundays when she gets to spend time with her large family and enjoys cooking for them. Tami is also an avid Vandy Basketball and Baseball fan.
Contact Lee Burklow
Contact Andrew Mazzoni
Contact Christopher Sigmund
Contact Jack Zager
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Ready to start a conversation? Contact The Acklen Park Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative 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.
3Morgan 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.
4Morgan 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.
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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
7Morgan 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.
8Morgan 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
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative 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.
3Morgan 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.
4Morgan 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.
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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
7Morgan 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.
8Morgan 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
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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 | Morgan Stanley
CRC 4665150 (8/2025)
