Darwin Carpenter
Senior Vice President, Wealth Management, Financial Advisor, Alternative Investments Director
Phone:
(321) 253-6852(321) 253-6852
The Carpenter Falconi Group at Morgan Stanley
Direct:
(321) 253-6843(321) 253-6843
Toll-Free:
(800) 949-2401(800) 949-2401
Industry Award WinnerOur Mission Statement
Providing clients with an exceptional experience in their Financial Planning journey by leveraging the skilled focus of our team members and the powerful resources of Morgan Stanley.
Welcome
The members of the Carpenter Falconi Group at Morgan Stanley take pride in providing an array of comprehensive services to our clients. From basic Wealth Management to Advanced Planning strategies, our team will tailor our services to meet the specific needs of your family and business. With well over 20 years at Morgan Stanley, Senior Vice President, Darwin Carpenter focuses on investment selection and portfolio construction based on technical and fundamental analyses as well as the current economic and geopolitical environments. Since joining our team in 2016, CERTIFIED FINANCIAL PLANNER and Senior Portfolio Manager, Stephanie Falconi Nemeth CFP, CRPC focuses on building comprehensive financial plans covering your Insurance, Cash Management & Lending, Estate Planning Strategy and philanthropy Management needs. Victoria Brewster, Portfolio Associate and our and Client Service Associates, Irina Ceruti and Amanda Bixby handle the daily needs of our clients. Our team offers coordination with your Accountants, Estate Planning Attorneys and other outside professionals. We believe that this type of all-inclusive collaboration helps ensure that your financial values are carried out not only today but for generations to come.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Technical analysis is the study of past price and volume trends of a security in an attempt to predict the security's future price and volume trends. Its limitations include but are not limited to: the lack of fundamental analysis of a security's financial condition, lack of analysis of macro-economic trend forecasts, the bias of the technician's view and the possibility that past participants were not entirely rational in their past purchases or sales of the security being analyzed. Investors using technical analysis should consider these limitations prior to making an investment decision.
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
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Technical analysis is the study of past price and volume trends of a security in an attempt to predict the security's future price and volume trends. Its limitations include but are not limited to: the lack of fundamental analysis of a security's financial condition, lack of analysis of macro-economic trend forecasts, the bias of the technician's view and the possibility that past participants were not entirely rational in their past purchases or sales of the security being analyzed. Investors using technical analysis should consider these limitations prior to making an investment decision.
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
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Retirement PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Planning for Education FundingFootnote5
- Business Succession PlanningFootnote6
- Executive Benefit ServicesFootnote7
- Lending Products
- Philanthropic Services
- Corporate Retirement PlansFootnote8
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Process
Our approach is all about you. We start by listening to what you dream about and what concerns you might have. From there, we dive deeper, asking questions to understand your goals and aspirations. Then, we get to work, crafting a wealth management plan that's as unique as you and your family. Throughout this journey, we'll offer tailored advice and insights, ensuring that every step we take together is aligned with your vision for your future.
1. Introduction
From the very first conversation, we prioritize getting to know you. Our team is eager to introduce our capabilities and expertise, but our primary focus is on understanding your unique needs and aspirations. We believe that the cornerstone of the financial journey is a profound comprehension of your goals and expectations from an advisor. By fostering a strong connection, we aim to seamlessly integrate our services with your existing team of tax and legal advisors, enhancing the value we deliver through collaboration.
2. Discovery
This discussion is all about your values, aspirations, and the unique challenges you face. During our discovery meeting, we will work together to establish your financial goals through a review of your current financial situation. Recognizing that each family and business is distinct, with its own set of circumstances, we work towards developing an appropriate risk tolerance that will guide you achieve the financial outcome you envision for yourself. By delving into these during our discovery discussions, we aim to lay a solid foundation in creating your financial plan.
3. Analysis & Financial Planning
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. Through presentation, we map out essential factors that play into your financial success such as your employee and employer contributions, liquidity events, and insurance coverage. These tools allow us to create a long-term strategy with relevant financial information to properly address asset allocation analysis and potential solutions within your portfolio.
4. Strategy Development
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.
Forbes Best In State
The Carpenter-Falconi group was included in Forbes best-in-state wealth management groups for 2023.
Forbes Best-In-State Wealth Management Teams 2023
Forbes/SHOOK has just launched its inaugural list of Best-In-State Wealth Management Teams, spotlighting teams of financial professionals identified as representing the best our industry has to offer. The Carpenter Falconi Group was named to the list in 2023.
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21-3/31/22.
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21-3/31/22.
Stephanie Falconi Nemeth - 2025 Forbes Top Women Wealth Advisor Best-In-State
Morgan Stanley announced that Stephanie Falconi Nemeth, CFP®, CRPC® Senior Vice President, Wealth Management, Financial Advisor, and Senior Portfolio Manager in the Firm’s Suntree Wealth Management office, has been named to Forbes Magazine’s 2025 list of Top Women Wealth Advisors Best-In-State.
Forbes Top Women Wealth Advisors and Top Women Wealth Advisors Best-In-State
Source: Forbes (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24
Forbes Top Women Wealth Advisors and Top Women Wealth Advisors Best-In-State
Source: Forbes (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24
Location
8150 North Wickham Road
Melbourne, FL 32940
US
Direct:
(321) 253-6843(321) 253-6843
Toll-Free:
(800) 949-2401(800) 949-2401
433 S. Main St.
West Hartford, CT 06011
US
Meet The Carpenter Falconi Group
Stephanie Falconi Nemeth, CFP®, CRPC®
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager
Phone:
(321) 253-6845(321) 253-6845
Christian Vargas, CFP®
Financial Advisor
Phone:
(321) 253-6850(321) 253-6850
Victoria Brewster
Portfolio Associate
Phone:
(321) 253-6843(321) 253-6843
Irina Ceruti
Registered Client Service Associate
Phone:
(321) 253-6859(321) 253-6859
Amanda Bixby
Client Service Associate
Phone:
(321) 253-6853(321) 253-6853
About Darwin Carpenter
Investors increasingly face myriad investment choices. Oftentimes, without the advantage of an experienced Financial Advisor, they react to short-term events and could easily lose sight of long-term objectives. As a Financial Advisor, I am committed to advising my clients (rather than merely providing them with information) and to help them make sense of the choices they face. I employ a responsive, proactive approach to communicating with them and focus on their most essential questions. I maintain a broad view of their financial picture, while concentrating on the details. That way, my clients are informed and better prepared to meet the changes and challenges of their and their families’ lives over the long term.
I graduated from the University of Central Florida in 1995 and started my career with Morgan Stanley in 1998. After completing the training program at the firm, I knew I wanted to dedicate my career to managing the wealth of our clients. My area of focus is personalized portfolio construction using technical and fundamental analyses. With nearly 30 years serving clients at Morgan Stanley, I have the ability to recognize market changes and their effects on the portfolios we manage.
My wife Lara and I have been married since 1995 and we have one son, Alex. In my spare time, I enjoy playing golf, fine dining and traveling.
Technical analysis is the study of past price and volume trends of a security in an attempt to predict the security's future price and volume trends. Its limitations include but are not limited to: the lack of fundamental analysis of a security's financial condition, lack of analysis of macro economic trend forecasts, the bias of the technician's view and the possibility that past participants were not entirely rational in their past purchases or sales of the security being analyzed. Investors using technical analysis should consider these limitations prior to making an investment decision.
I graduated from the University of Central Florida in 1995 and started my career with Morgan Stanley in 1998. After completing the training program at the firm, I knew I wanted to dedicate my career to managing the wealth of our clients. My area of focus is personalized portfolio construction using technical and fundamental analyses. With nearly 30 years serving clients at Morgan Stanley, I have the ability to recognize market changes and their effects on the portfolios we manage.
My wife Lara and I have been married since 1995 and we have one son, Alex. In my spare time, I enjoy playing golf, fine dining and traveling.
Technical analysis is the study of past price and volume trends of a security in an attempt to predict the security's future price and volume trends. Its limitations include but are not limited to: the lack of fundamental analysis of a security's financial condition, lack of analysis of macro economic trend forecasts, the bias of the technician's view and the possibility that past participants were not entirely rational in their past purchases or sales of the security being analyzed. Investors using technical analysis should consider these limitations prior to making an investment decision.
Securities Agent: NY, SC, NV, MT, KY, RI, OK, MS, LA, ID, GA, AR, AK, VT, OR, NJ, MO, MA, WY, WV, VA, OH, CO, WI, IL, IA, AL, WA, TN, NH, FL, CT, CA, PA, NC, MN, MI, ME, KS, UT, MD, IN, DC, TX; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1278904
NMLS#: 1278904
About Stephanie Falconi Nemeth
Since my graduation from Brown University in 2006, I have dedicated myself to helping clients achieve their financial goals. My passion for the financial field started many years before that. In 1993, shortly after leaving Ecuador to return to my birth city of New York, I got accepted into Mott Hall, a middle school for gifted kids. In fifth grade, we had a group of Morgan Stanley brokers come talk to us about owning and trading stock. I was amazed at the potential value of investing.
Today, I work with affluent investors who are ready to take charge of their financial future. Whether it’s building a business or fully retiring, we have a better chance to accomplish our goals if we are willing to commit to a strategy to plan for them.
Life is about managing change. As a Financial Advisor, and CERTIFIED FINANCIAL PLANNER TM, I can build a customized plan tailored to help you meet your goals. Unless you have a plan, you may not be equipped to face the changes and challenges that are guaranteed to come your way. I have a tremendous passion for contributing to the success of others and that’s what drives me.
I currently reside in Satellite Beach with my husband Dale, daughter Alexandra and son Broden. I speak Spanish and Italian fluently. During my free time, I can either be found worshiping God on the piano, playing tennis at the Kiwi Tennis Club, enjoying the ocean with our family or traveling.
Today, I work with affluent investors who are ready to take charge of their financial future. Whether it’s building a business or fully retiring, we have a better chance to accomplish our goals if we are willing to commit to a strategy to plan for them.
Life is about managing change. As a Financial Advisor, and CERTIFIED FINANCIAL PLANNER TM, I can build a customized plan tailored to help you meet your goals. Unless you have a plan, you may not be equipped to face the changes and challenges that are guaranteed to come your way. I have a tremendous passion for contributing to the success of others and that’s what drives me.
I currently reside in Satellite Beach with my husband Dale, daughter Alexandra and son Broden. I speak Spanish and Italian fluently. During my free time, I can either be found worshiping God on the piano, playing tennis at the Kiwi Tennis Club, enjoying the ocean with our family or traveling.
Securities Agent: LA, FL, AR, WA, VA, KY, KS, CO, WY, WV, NY, NC, MS, MI, ME, IA, DC, CT, AL, WI, NH, NJ, TN, MO, MD, GA, OR, OK, OH, NV, IL, AK, TX, SC, MT, MN, ID, CA, MA, IN, UT, RI, VT, PA; General Securities Representative; Investment Advisor Representative
NMLS#: 1619956
NMLS#: 1619956
About Christian Vargas
Christian J. Vargas, CFP®, is a Financial Advisor with The Carpenter Falconi Group at Morgan Stanley. He partners with business owners and high-net-worth individuals and families to help simplify complex financial decisions through comprehensive wealth management and personalized financial planning.
Prior to joining Morgan Stanley, Christian gained experience across civil engineering, logistics, and business operations. He earned his Master of Business Administration with a concentration in Entrepreneurship from Salve Regina University while deployed to Djibouti, Africa, as a Logistics Officer in the United States Army Reserve. Those experiences shaped the disciplined, analytical approach he brings to helping clients navigate both opportunities and periods of market uncertainty.
In addition to advising clients, Christian supports strategic initiatives across the practice, including financial planning, operations, client experience, and business development. He works closely with clients on retirement planning, investment management, tax-aware wealth strategies, estate planning coordination, and the unique financial considerations facing business owners and high-net-worth families.
Christian resides in Avon, Connecticut, with his wife and daughter and is actively involved in the local business and professional community.
Prior to joining Morgan Stanley, Christian gained experience across civil engineering, logistics, and business operations. He earned his Master of Business Administration with a concentration in Entrepreneurship from Salve Regina University while deployed to Djibouti, Africa, as a Logistics Officer in the United States Army Reserve. Those experiences shaped the disciplined, analytical approach he brings to helping clients navigate both opportunities and periods of market uncertainty.
In addition to advising clients, Christian supports strategic initiatives across the practice, including financial planning, operations, client experience, and business development. He works closely with clients on retirement planning, investment management, tax-aware wealth strategies, estate planning coordination, and the unique financial considerations facing business owners and high-net-worth families.
Christian resides in Avon, Connecticut, with his wife and daughter and is actively involved in the local business and professional community.
Securities Agent: WV, KS, IA, OK, UT, RI, NY, ND, MO, ME, KY, HI, DE, AL, AK, SD, PA, MT, MS, CT, OH, NH, NE, MA, WA, VI, VA, OR, MI, WI, PR, NV, NJ, NC, MD, IN, AR, TN, SC, MN, DC, CO, CA, AZ, WY, ID, VT, TX, LA, IL, GA, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 2500425
NMLS#: 2500425
About Victoria Brewster
Morgan Stanley is one of the largest and well regarded financial firms known for our world class service. We have been recognized for helping clients build, manage and preserve financial assets through personalized wealth management programs and exceptional client service. With my perspective, experience, skills and unwavering client focus, I can help you with all of your financial service needs. I have my life and variable annuities licenses and I am a Senior Registered Service Associate with my series 7, 31, 63 & 66 licenses.
I graduated from Florida State University and I have worked in the Financial Industry since 1993. My husband Steve and I have been married since 1989. We have one son, Quinn who graduated from Holy Trinity Episcopal Academy and currently studies engineering at University of South Florida. In my spare time, I enjoy gardening, fishing, cooking and spending time with my family.
I graduated from Florida State University and I have worked in the Financial Industry since 1993. My husband Steve and I have been married since 1989. We have one son, Quinn who graduated from Holy Trinity Episcopal Academy and currently studies engineering at University of South Florida. In my spare time, I enjoy gardening, fishing, cooking and spending time with my family.
About Amanda Bixby
I’m currently a Finance major at the University of Central Florida, set to graduate in Spring 2026. My journey with Morgan Stanley began as an intern, where I was able to dive into the world of Wealth Management and learn firsthand how the industry works.
I have had the incredible opportunity to transition into a Client Service Associate role, where I’m able to combine my passion for finance with helping clients navigate their financial goals through supporting the team's financial advisors. I’m always eager to learn and grow, and I’m excited to continue building my career while completing my degree.
In my free time, I enjoy listening to music, cooking, and weightlifting.
I have had the incredible opportunity to transition into a Client Service Associate role, where I’m able to combine my passion for finance with helping clients navigate their financial goals through supporting the team's financial advisors. I’m always eager to learn and grow, and I’m excited to continue building my career while completing my degree.
In my free time, I enjoy listening to music, cooking, and weightlifting.
Contact Darwin Carpenter
Contact Stephanie Falconi Nemeth
Contact Christian Vargas
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2023-2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2023-2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Forbes America's Top Women Wealth Advisors
2025-2026 Forbes America's Top Women Wealth Advisors (formerly referred to as Forbes Top Women Wealth Advisors) Source: Forbes.com (Awarded 2025-2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in September of year prior to the issuance of the award.
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Wealth Management
Global Investment Office
Portfolio Insights
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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
A Simple Six-Step Retirement Checkup
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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
Iran Conflict: Seven Takeaways for Investors
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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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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
529 Plans: A Powerful Tool to Save for Education
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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
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 Carpenter Falconi 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 Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3When 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.
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.
6Morgan 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.
7When 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.
8When 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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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:
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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 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.
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 | Morgan Stanley
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3When 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.
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.
6Morgan 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.
7When 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.
8When 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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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
