Bill Brewer
Executive Director, Financial Advisor, Financial Planning Specialist
Phone:
(919) 877-2416(919) 877-2416
The Capstone Group at Morgan Stanley
Direct:
(919) 877-2424(919) 877-2424
Toll-Free:
(800) 648-5571(800) 648-5571
Our Mission Statement
Guardians of Wealth
2023, 2024, and 2025 Forbes Best-In-State Wealth Management Team
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
2023, 2024, and 2025 Forbes Best-In-State Wealth Management Team
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Welcome
Our clients lead busy lives. Some are trying to find balance between the demands of their work and the needs and desires of their families. For others, the family is grown, and they’re actively preparing for retirement. Many of our clients are already retired, and they’re often the busiest of all—enjoying lives filled with travel, pursuing their passions, and of course, keeping up with their children and grandchildren.
No matter which stage in life our clients may be, they are likely to have two major financial goals: confidence that they’ll have the resources they need during their retirement years, and security for their families, both now and later.
Our clients come to us because they realize that they lack the time, and sometimes the expertise, to deal with the complexity of today’s financial world. They realize they need help organizing and simplifying their lives. They want to stop worrying whether they are on track to retire comfortably and seek the help of professionals who can give them that confidence.
Our clients stay with us because we take the time to listen to them; we know their family; and we understand their story. We take great pride in our planning process which brings together goals and values, needs and concerns, and even anticipates some of life’s unforeseen blind spots. Our clients look to us first for guidance on nearly any financial matter because we know what is going on in their lives and they know we care.
2023, 2024, and 2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure/
No matter which stage in life our clients may be, they are likely to have two major financial goals: confidence that they’ll have the resources they need during their retirement years, and security for their families, both now and later.
Our clients come to us because they realize that they lack the time, and sometimes the expertise, to deal with the complexity of today’s financial world. They realize they need help organizing and simplifying their lives. They want to stop worrying whether they are on track to retire comfortably and seek the help of professionals who can give them that confidence.
Our clients stay with us because we take the time to listen to them; we know their family; and we understand their story. We take great pride in our planning process which brings together goals and values, needs and concerns, and even anticipates some of life’s unforeseen blind spots. Our clients look to us first for guidance on nearly any financial matter because we know what is going on in their lives and they know we care.
2023, 2024, and 2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 2024, 2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
https://www.morganstanley.com/disclosures/awards-disclosure/
Services Include
- Wealth ManagementFootnote1
- Retirement PlanningFootnote2
- Financial PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Planning for Education FundingFootnote5
- 401(k) Rollovers
- Qualified Retirement PlansFootnote6
- AnnuitiesFootnote7
- Trust Services*
- Alternative InvestmentsFootnote8
- Long Term Care InsuranceFootnote9
- Corporate Retirement PlansFootnote10
- Municipal BondsFootnote11
- Cash Management and Lending ProductsFootnote12
- Philanthropic Services
- Life InsuranceFootnote13
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
How We Are Different
1) Our team’s perspective
Our more than 77 years of combined industry experience, enables us to recognize opportunities and address potential problem areas that others may miss.
This broad range of experiences has given us a distinctive perspective that enables us to recognize the little things that others might not notice, the blind spots that can trip people up.
For example, we’ve seen instances where trusts have been created, but never funded or beneficiaries have remained unchanged even after changes in family relationships. Therefore, we generally serve as an advocate and steward in the estate planning process, as we’re often aware of aspects regarding our client situations that they might not think to mention. Our experience and perspective helps us help them make wise decisions.
This broad range of experiences has given us a distinctive perspective that enables us to recognize the little things that others might not notice, the blind spots that can trip people up.
For example, we’ve seen instances where trusts have been created, but never funded or beneficiaries have remained unchanged even after changes in family relationships. Therefore, we generally serve as an advocate and steward in the estate planning process, as we’re often aware of aspects regarding our client situations that they might not think to mention. Our experience and perspective helps us help them make wise decisions.
2) The depth of relationships we build with our clients.
Our relationships begin with listening to our clients, and we really listen. We want to know everything about them, so we ask questions—a lot of questions!
Of course, we want to know about the “what,” but we’re even more concerned about the “why” – what’s going on behind the “what.”
Over time, our clients want to include us in various aspects of their lives. So it’s not unusual for us to become friends, and oftentimes more like family.
Of course, we want to know about the “what,” but we’re even more concerned about the “why” – what’s going on behind the “what.”
Over time, our clients want to include us in various aspects of their lives. So it’s not unusual for us to become friends, and oftentimes more like family.
3) The family-centric focus of our team
As our client relationships grow, we meet the children, the grandchildren, and the rest of their extended family. We observe the family dynamics, the roles people play in each other’s lives, and often serve as the facilitator to guide family discussions and decision making.
Our client relationships have expanded to three and four generations. We help them prepare for their family transitions, drawing upon our own personal experiences.
We know that confidence and trust take time, so we have built our team to provide continuity of care for our clients and their families for generations to come.
Our client relationships have expanded to three and four generations. We help them prepare for their family transitions, drawing upon our own personal experiences.
We know that confidence and trust take time, so we have built our team to provide continuity of care for our clients and their families for generations to come.
4) Our Values
-We consider it a privilege to serve our clients, not just a job.
-Client's calls are NOT an interruption; they are why we are here.
-We are professionals who provide solutions for our most important asset, our clients.
-We treat our clients like important family members because they are part of our family.
-Our clients are and will always be the lifeblood of our business.
-Client's calls are NOT an interruption; they are why we are here.
-We are professionals who provide solutions for our most important asset, our clients.
-We treat our clients like important family members because they are part of our family.
-Our clients are and will always be the lifeblood of our business.
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At Morgan Stanley, we provide clients with easily digestible financial analysis from our market research experts. Morgan Stanley also provides a comprehensive suite of digital tools to help clients navigate their financial goals. Reference below for more details:
Preparing for Your Estate Plan
You have worked long and hard to achieve
success and build wealth for you and your
family. There have been numerous challenges
along the way. You may be at a point now
where your greatest challenge is preserving
your wealth and building a plan for its
transition to those you choose in a way
you choose.
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family. There have been numerous challenges
along the way. You may be at a point now
where your greatest challenge is preserving
your wealth and building a plan for its
transition to those you choose in a way
you choose.
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Goals Planning System (GPS)
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LifeView provides progress-to-goals reporting and can also illustrate complex planning strategies such as methods of stock option exercise, Roth conversions and 401k early distributions under IRS Rule 72(t).
Complete Questionnaire HereLifeView provides progress-to-goals reporting and can also illustrate complex planning strategies such as methods of stock option exercise, Roth conversions and 401k early distributions under IRS Rule 72(t).
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Signature Access LoginLocation
3800 Glenwood Ave
Ste 500
Raleigh, NC 27612
US
Direct:
(919) 877-2424(919) 877-2424
Toll-Free:
(800) 648-5571(800) 648-5571
Meet The Capstone Group
Bayli A. Fox, CFP®
First Vice President, Financial Advisor, Financial Planning Specialist
Phone:
(919) 877-2434(919) 877-2434
William Brewer IV
Financial Advisor, Financial Planning Specialist, Qualified Plan Financial Consultant
Phone:
(919) 877-2417(919) 877-2417
Jennifer Hinnant
Portfolio Associate
Phone:
(919) 877-2424(919) 877-2424
Joel Rundle, MBA, CRPC®
Registered Client Service Associate
Phone:
(919) 877-2435(919) 877-2435
About Bill Brewer
As a founding partner and Financial Advisor with the Capstone Group at Morgan Stanley, Bill provides well-thought-out and creative solutions to the complex needs of our high net worth and ultra-high net worth clients. With over 35 years at Morgan Stanley, Bill combines his wealth of market experience, industry knowledge and insight to help guide and deliver invaluable planning insights to our clients and their families. Bill’s responsibilities include client relationship management, wealth transfer strategies, retirement planning, portfolio construction, tax-smart investment solutions, alternative investments, lending solutions, liability management and philanthropic strategies.
Bill is an Executive Director with Morgan Stanley and holds both BS and BA degrees from UNC - Chapel Hill along with the Family Wealth Advisor, Senior Investment Management Consultant, Alternatives Investments Director, Insurance Planning Director and Financial Planning Specialist designations within Morgan Stanley. Since 2021, Bill has been recognized with membership in Morgan Stanley’s prestigious Master’s Club. Bill maintains both the General Securities Representative and Investment Advisor Representative registrations while holding licenses for Annuities, Life & Health Insurance, Long-Term Care Insurance and Property & Casualty Insurance.
Over the years, Bill has enjoyed coaching youth sports through the YMCA and the City of Raleigh Parks and Recreation, along with investing in youth leadership through the Boy Scouts of America, where he served as Troop Committee Chairman and led two high-adventure tours to Philmont Scout Ranch. Bill and his family have also partnered with local ministries serving at-risk youth on mission trips to both Guatemala and Nicaragua. Bill is married to his high school sweetheart, Sheila, and they raised all three of their now adult children in Raleigh, NC. They continue to stay active together and love traveling and exploring the great outdoors including camping, hiking, biking, boating, fishing and most water sports. Their most recent adventure was hiking the towering sea cliffs along the Na Pali Coast in Kauai, Hawaii.
Disclaimer:
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Bill is an Executive Director with Morgan Stanley and holds both BS and BA degrees from UNC - Chapel Hill along with the Family Wealth Advisor, Senior Investment Management Consultant, Alternatives Investments Director, Insurance Planning Director and Financial Planning Specialist designations within Morgan Stanley. Since 2021, Bill has been recognized with membership in Morgan Stanley’s prestigious Master’s Club. Bill maintains both the General Securities Representative and Investment Advisor Representative registrations while holding licenses for Annuities, Life & Health Insurance, Long-Term Care Insurance and Property & Casualty Insurance.
Over the years, Bill has enjoyed coaching youth sports through the YMCA and the City of Raleigh Parks and Recreation, along with investing in youth leadership through the Boy Scouts of America, where he served as Troop Committee Chairman and led two high-adventure tours to Philmont Scout Ranch. Bill and his family have also partnered with local ministries serving at-risk youth on mission trips to both Guatemala and Nicaragua. Bill is married to his high school sweetheart, Sheila, and they raised all three of their now adult children in Raleigh, NC. They continue to stay active together and love traveling and exploring the great outdoors including camping, hiking, biking, boating, fishing and most water sports. Their most recent adventure was hiking the towering sea cliffs along the Na Pali Coast in Kauai, Hawaii.
Disclaimer:
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Securities Agent: OH, NM, SC, NJ, GA, CT, NH, KY, NC, ID, FL, WA, NY, MO, MI, CA, MN, ME, IA, CO, RI, PA, WV, NV, IL, DC, VT, VA, TX, TN, IN, WI, OR, MD, DE; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1262258
NMLS#: 1262258
About Bayli A. Fox
Bayli Fox is a partner and Financial Advisor with the Capstone Group at Morgan Stanley, providing customized financial solutions and guidance to high net worth and ultra-high net worth clients. Having spent eight years at Morgan Stanley and over a decade in the industry, Bayli draws on her knowledge, experience, and expertise to help her clients develop and implement a comprehensive financial plan. Bayli’s responsibilities include trust planning and estate strategies, retirement planning, insurance solutions, charitable giving, tax efficiencies, alternative investments, and portfolio construction.
A First Vice President within Morgan Stanley, Bayli holds a bachelor’s degree from North Carolina State University and the advanced designation of CERTIFIED FINANCIAL PLANNER® from UC Berkley. Bayli is registered as a General Securities Representative and an Investment Advisor Representative along with a title of Financial Planning Specialist. In addition, she holds licenses in Life & Health Insurance, Long Term Care Insurance, and Annuities.
Bayli believes that working on your physical and mental health is just as important as your fiscal health. She is passionate about yoga, traveling, and the importance of quality time with family and friends. In her spare time, you may also find her on the golf course with her father, singing with her sister, or hiking with her beloved Old English Sheepdog / Poodle mix, Coco.
A First Vice President within Morgan Stanley, Bayli holds a bachelor’s degree from North Carolina State University and the advanced designation of CERTIFIED FINANCIAL PLANNER® from UC Berkley. Bayli is registered as a General Securities Representative and an Investment Advisor Representative along with a title of Financial Planning Specialist. In addition, she holds licenses in Life & Health Insurance, Long Term Care Insurance, and Annuities.
Bayli believes that working on your physical and mental health is just as important as your fiscal health. She is passionate about yoga, traveling, and the importance of quality time with family and friends. In her spare time, you may also find her on the golf course with her father, singing with her sister, or hiking with her beloved Old English Sheepdog / Poodle mix, Coco.
Securities Agent: OR, ID, NM, SC, RI, KY, TN, OH, MI, DC, VT, NY, NH, NC, IN, NJ, CT, VA, NV, MD, FL, CA, WA, IA, GA, CO, WV, MN, IL, TX, ME, DE, WI, PA, MO; General Securities Representative; Investment Advisor Representative
NMLS#: 1500603
CA Insurance License #: 4049403
NMLS#: 1500603
CA Insurance License #: 4049403
About William Brewer IV
As a Financial Advisor with the Capstone Group at Morgan Stanley, William is dedicated to making a tangible difference in our client’s lives by empowering them to grow and preserve their financial security. With over a decade of experience in mentoring and coaching, William has developed a strong passion for helping people achieve their goals in life.
William serves as a Financial Advisor, and Financial Planning Specialist, and is able to do what he loves every day as he guides clients in developing comprehensive wealth management strategies designed to help meet their objectives. By building financial plans tailored specifically to each client's goals, needs, and values, William is able to develop long lasting relationships anchored in trust, integrity, and a high level of personal service. One of William’s greatest joy’s is helping clients increase their comfort level and confidence when it comes to the financial health of their families and their futures. In addition, William helps support retirement and risk planning for our clients and holds licenses in Life & Health Insurance, Long Term Care Insurance, and Annuities.
William graduated cum laude from Furman University, where he helped lead the club baseball team to the College World Series in 2012. His passion for baseball led him to become a high school varsity baseball coach at St. David's School and GRACE Christian School after college. He enjoys spending time outdoors, whether that is ultimate frisbee, pickle-ball, hiking, camping, biking, running, sailing, boating, or fishing (most with his furry companion Koda). He is an avid fan of the Atlanta Braves and Carolina Hurricanes. He helps lead worship at his church, Capital Community Church, and has had the opportunity to serve on various missions that have taken him around the globe. William is an Eagle Scout with the Boy Scouts of America as well as reigning Homecoming King at Furman and St. David's. Two of his favorite things are an expertly grilled steak and a hot cappuccino (not necessarily at the same time).
William serves as a Financial Advisor, and Financial Planning Specialist, and is able to do what he loves every day as he guides clients in developing comprehensive wealth management strategies designed to help meet their objectives. By building financial plans tailored specifically to each client's goals, needs, and values, William is able to develop long lasting relationships anchored in trust, integrity, and a high level of personal service. One of William’s greatest joy’s is helping clients increase their comfort level and confidence when it comes to the financial health of their families and their futures. In addition, William helps support retirement and risk planning for our clients and holds licenses in Life & Health Insurance, Long Term Care Insurance, and Annuities.
William graduated cum laude from Furman University, where he helped lead the club baseball team to the College World Series in 2012. His passion for baseball led him to become a high school varsity baseball coach at St. David's School and GRACE Christian School after college. He enjoys spending time outdoors, whether that is ultimate frisbee, pickle-ball, hiking, camping, biking, running, sailing, boating, or fishing (most with his furry companion Koda). He is an avid fan of the Atlanta Braves and Carolina Hurricanes. He helps lead worship at his church, Capital Community Church, and has had the opportunity to serve on various missions that have taken him around the globe. William is an Eagle Scout with the Boy Scouts of America as well as reigning Homecoming King at Furman and St. David's. Two of his favorite things are an expertly grilled steak and a hot cappuccino (not necessarily at the same time).
Securities Agent: WA, KY, GA, CA, OH, DC, IL, TX, RI, NC, DE, CO, WV, OR, ME, FL, WI, PA, MI, ID, IA, AZ, SC, NV, NJ, MO, MN, MD, TN, NH, VT, VA, NY, IN, CT, NM; General Securities Representative; Investment Advisor Representative
NMLS#: 2365388
NMLS#: 2365388
About Jennifer Hinnant
Jennifer serves our clients as a Portfolio Associate by managing our client service process including new accounts, account maintenance, estate settlements, charitable donations, and required distributions.
She has worked with Morgan Stanley for over 20 years, and with the Capstone Group for the last 9 years. She is a native of the Raleigh area and obtained her BS in Business Management with a concentration in Finance from NC State University with a minor in Horticulture. Additionally, she holds both the Series 7 and Series 66 registrations.
She and her husband Chad have three kids (Emily, Elisabeth, and Owen) as well as a wild beagle puppy named Tucker. Her twin daughters are currently studying Psychology and Biology at UNC Charlotte. Her favorite hobbies other than loving her family are reading, gardening and volunteering in her local church family.
She has worked with Morgan Stanley for over 20 years, and with the Capstone Group for the last 9 years. She is a native of the Raleigh area and obtained her BS in Business Management with a concentration in Finance from NC State University with a minor in Horticulture. Additionally, she holds both the Series 7 and Series 66 registrations.
She and her husband Chad have three kids (Emily, Elisabeth, and Owen) as well as a wild beagle puppy named Tucker. Her twin daughters are currently studying Psychology and Biology at UNC Charlotte. Her favorite hobbies other than loving her family are reading, gardening and volunteering in her local church family.
About Joel Rundle
Joel serves our clients as a Registered Associate by delivering personal, administrative, and technology related support to help uphold our team’s culture of high service standards. His background in customer support roles and his love for client service make him a great fit on our team.
Joel was born and raised in Raleigh, NC and attended Campbell University (Go Fighting Camels!). He graduated with a BBA in Trust and Wealth Management, as well as a minor in Financial Planning. Additionally, he holds a Masters of Business Administration, Series 7, Series 66, and the esteemed Chartered Retirement Planning Counselor designation.
Joel is married to his wonderful wife Gracie, who is currently pursuing her professional passion of being a certified sonographer. Their first date was to Raven Rock State Park, and since then they have visited 40 of the 44 state parks in beautiful North Carolina. He is proud to have achieved the Rank of Eagle Scout with Troop 11 with four additional palms. In his spare time, he enjoys backpacking, gaming, and spending time with their cats, Goose and Suds.
Joel was born and raised in Raleigh, NC and attended Campbell University (Go Fighting Camels!). He graduated with a BBA in Trust and Wealth Management, as well as a minor in Financial Planning. Additionally, he holds a Masters of Business Administration, Series 7, Series 66, and the esteemed Chartered Retirement Planning Counselor designation.
Joel is married to his wonderful wife Gracie, who is currently pursuing her professional passion of being a certified sonographer. Their first date was to Raven Rock State Park, and since then they have visited 40 of the 44 state parks in beautiful North Carolina. He is proud to have achieved the Rank of Eagle Scout with Troop 11 with four additional palms. In his spare time, he enjoys backpacking, gaming, and spending time with their cats, Goose and Suds.
Contact Bill Brewer
Contact Bayli A. Fox
Contact William Brewer IV
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
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Ready to start a conversation? Contact The Capstone 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.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When 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.
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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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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.
7Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Alternative 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.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
12Morgan 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
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When 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.
3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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.
7Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Alternative 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.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
12Morgan 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
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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
CRC 6491812 (04/2024)
