Our Story and Services

Our team is a comprehensive wealth management practice headquartered in New York City. We have assembled an experienced team of professionals with extensive knowledge across a wide range of asset classes and disciplines.

While each of us offer distinctive skills and perspectives, we share a commitment to responding to your investment needs promptly, proficiently, and thoroughly. Our goal is to earn and retain your confidence through the quality of the investment solutions we offer, as well as the professional and punctual manner in which they are delivered.

The team is committed to providing a personalized experience to affluent individuals and families with considerable assets and complex financial needs. We take great pride in clearly explaining every aspect of our process and hold trust and transparency as key tenets of our practice.

We believe that working with our team not only provides you with access to a broad array of experience and solutions, but also helps to ensure that you can benefit from the highest levels of service and intellectual thoroughness possible.

We have been honored by

  • Forbes Best-In-State Wealth Management Teams in 2023, 2024, 2025 & 2026
  • Forbes Best-In-State Wealth Advisors in 2021, 2022, 2023, 2024, 2025
  • Forbes America's Top Next-Generation Wealth Advisors in 2017, 2018, 2020, 2021 & 2022
  • Forbes Best-In-State Next-Gen Advisors in 2019, 2020, 2021, 2022, 2023, & 2025
  • Forbes Top Women Wealth Advisors Best-In-State in 2026
  • See Awards tab for more information about honorees.

Awards Disclosures

  • 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.
  • 2021 - 2025 Forbes Best-In-State Wealth Advisors Source: Forbes.com (Awarded 2021 - 2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
  • 2017 - 2025 Forbes America's Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors) Source: Forbes.com (Awarded 2017 - 2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
  • 2026 Forbes Top Women Wealth Advisors Best-In-State Source: Forbes.com (Awarded Feb 2026) Data compiled by SHOOK Research LLC for the period 9/30/24 - 9/30/25.

Read Our Article in Forbes Magazine:

$1.2 Billion Morgan Stanley Team Thinks Dividend Investing Could Be Myopic
Capabilities
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

About PWM

Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
  • Manage investments with an unwavering focus on your financial strategy and personal goals
  • Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
  • Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
  • Approximately 300 teams specialized in assisting individuals and families with $20MM+ in investable assets
  • Over $1.2 trillion in AUM
  • Comprising 26% of the Barron’s Top 100 Financial Advisors list for 2025
  • Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, September 2025

Source: Barron's (Awarded March 2025) This ranking was determined based on an evaluation process conducted by Barron's for the period Oct 2023-Sept 2024. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on an algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the assessment of Barron's and may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.

Awards & Recognition

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    Forbes Best-In-State Wealth Management Teams
    The Chen Group was named to Forbes' Best In-State Wealth Management Teams in 2023, 2024, 2025, & 2026.

    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.
    See The Forbes Best-In-State Wealth Management Teams 2026 List
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    Forbes: $1.2 Billion Morgan Stanley Team Thinks Dividend Investing Could Be Myopic
    Forbes wealth management and investing writer, Sergei Klebnikov, spotlights The Chen Group giving background on the team and emphasizing the use of innovative strategies like direct indexing to optimize client portfolios through systematic tax loss harvesting.
    Read The Forbes Article Here
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    Forbes Best-In-State Wealth Advisors
    Robert Chen was named to Forbes Best-In-State Wealth Advisors in 2021, 2022, 2023, 2024, & 2025

    2021 - 2025 Forbes Best-In- State Wealth Advisors
    Source: Forbes.com (Awarded 2021 - 2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
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    Morgan Stanley - Robert Chen
    Robert has been appointed to numerous clubs at Morgan Stanley. These include:
    - Morgan Stanley's Chairman's Club 2023, 2024, & 2025
    - Morgan Stanley President's Club: 2021 and 2022
    - Morgan Stanley Master's Club: 2019 and 2020
    - Morgan Stanley Century Club: 2018
    - Morgan Stanley Pacesetter's Club: 2016 and 2017
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    Forbes America’s Top Next-Gen Wealth Advisors
    Robert Chen was named to Forbes America’s Top Next-Gen Wealth Advisors in 2017, 2018, 2020, 2021, & 2022.

    2017-2022 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
    Source: Forbes.com (Awarded 2017-2022). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
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    Morgan Stanley - Libby Miller
    Libby Miller has been appointed to Morgan Stanley Pacesetter's Club in 2021 and 2022
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    Forbes Best-In-State Next-Gen Advisors
    Robert Chen was named to Forbes Best-In-State Next-Gen Advisors in 2020, 2021, and 2022.

    James Ferrante was named to Forbes Best-In-State Next-Gen Advisors in 2022 and 2023.

    Libby Miller was named to Forbes Best-In-State Next-Gen Advisors in 2025.

    2020 - 2025 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
    Source: Forbes.com (Awarded 2020 - 2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
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    Morgan Stanley - Talal Bazzi
    Talal Bazzi has been appointed to Morgan Stanley Pacesetter's Club in 2022, 2023, 2024, and 2025.
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    Forbes Top Women Wealth Advisors Best-In-State
    Libby Miller was named to the Forbes Top Women Wealth Advisors Best-In-State in 2026.

    Forbes Top Women Wealth Advisors Best-In-State
    Source: Forbes.com (Awarded Feb 2026) Data compiled by SHOOK Research LLC for the period 9/30/24 - 9/30/25.
    Icon Image
    Morgan Stanley - Rocky Cassone
    Rocky Cassone was appointed to Morgan Stanley Pacesetter's Club in 2024 and 2025.

ESTATE PLANNING RESOURCES

Estate planning is crucial component of your larger financial picture. Below are pertinent estate planning resources for 2025.
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    Maximizing Your Equity Compensation
    Learn how executives can define a strategy that efficiently navigates the complexities of equity awards to help achieve their personal financial goals.
    Learn More Here

Firm Resources

Here at Morgan Stanley, we strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. Morgan Stanley seeks to make complex financial ideas more digestible so that our clients understand what is being done on their behalf to plan for their financial future, and why. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
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    Thoughts on the Market
    With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
    Listen here
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    Global Investment Committee on the Markets
    A monthly publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out this month's edition below.
    Read: "GIC on the Markets"
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    Alternative Investments
    Our leading alternatives platform offers 160+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income—while maintaining a goals-based approach for asset allocation.
    Morgan Stanley Alternative Investments
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    Tax Management
    The tax decisions you make today can help you save for years to come. There are many tax smart strategies for your financial plan.
    Tax Efficient Planning
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    Morgan Stanley at Work
    We believe there’s no better investment your company can make than in your employees. When they work at their best, so does your business. That’s why Morgan Stanley at Work delivers workplace financial solutions that can help your employees build financial confidence and help you attract and retain top talent.
    Learn More Here
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    Executive Financial Services
    From 10b5-1 trading plans to Rule 144 form filing and tax mitigation strategies, our dedicated team provides hands-on support for your executives’ equity compensation plans.
    Learn More Here

WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

Our mission is to help your company elevate your workplace financial benefits—helping you to attract and retain top talent. Our end-to-end solutions support your company and employees at any stage of growth through a powerful combination of modern technology, insightful guidance, and dedicated service.

    Equity Solutions

    Equity ownership is a powerful motivator. Streamline equity management through our leading-edge technology and provide global audit-ready reporting and insights, alongside customizable participant experiences to engage and educate your employees on how to make the most of their benefits. Our global solutions support private and public companies at any stage of growth.

    • Equity Administration and Financial Reporting
    • Liquidity Events
    • 409A Valuation Services and Cap Table Management

    Learn more
    Retirement

    For your employees, retirement is more than a date in the future—it's a milestone that takes time, hard work, and the right tools. Through our consultative process, we strive to assist with the management of your fiduciary responsibilities and risk, simplify plan management, and help you improve retirement readiness for your employees.

    • Defined Contribution Consulting
    • Solutions-Oriented Plans
    • Fiduciary Investment Oversight

    Learn more
    Deferred Compensation

    Access a range of Nonqualified Deferred Compensation plan services or pick the ones that best fit your needs. We provide recordkeeping and plan design, portfolio construction services, and plan education for your executive talent. We help you determine the appropriate plan design and inform a funding strategy through a needs-based assessment and consultative approach.

    Services include:

    • Recordkeeping and Plan Design
    • Portfolio Construction
    • Wealth Management Services
    Learn more
    Executive Services

    Our dedicated team provides concierge-level support for your executives' equity compensation plans, from 10b5-1 trading plans to form filing related to Rule 144 transactions, to access to wealth management and tax-optimization strategies, so helping them navigate their complex financial needs with greater confidence and certainty:

    • Equity Compensation Services
    • Equity Award Analysis
    • Specialized Solutions
    Learn more
    Saving and Giving

    Saving and Giving benefits can make a real difference in your employees' lives as they can support the things that matter most to them—like saving for education and repaying student loans. Show that you are committed to your employees' priorities with leading-edge solutions that help them chart a path toward financial well-being.

    • College Savings
    • Student Loan Repayment and Refinancing
    • Charitable Giving
    Learn more
    Financial Wellness

    We offer Financial Wellness with every solution we provide. Through a powerful combination of education, digital tools and guidance, Financial Wellness is designed to address the unique needs of your employees and empower their financial journey at every stage. Give your employees the confidence to take charge of their finances.

    • Financial Education
    • Digital Tools
    • Financial Guidance

    Learn more

AWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.

With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.

    Tax-Smart Solutions
    Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
    Seamless Cash Management Integration
    A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
    Premier Risk Management and Cyber Defense
    Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
    Personalized Legacy Planning
    Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
    An Industry-Leading Platform
    Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
    Liquidity When You Need It
    Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
    Robust Concentrated Stock Solutions
    Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
    Alternatives & Private Markets Access
    A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.

Location

55 East 52nd Street
29th Floor
New York, NY 10055
US
Direct:
(212) 296-7467(212) 296-7467

Meet The Chen Group

Photo of Robert Chen

Managing Director, Private Wealth Advisor, Executive Financial Services Director, Senior Portfolio Management Director, Family Wealth Advisor, Alternative Investments Director, Workplace Advisor – Equity Compensation, Lending Specialist
Phone:
(212) 296-7726(212) 296-7726
Photo of Bill DeMatteo

Bill DeMatteo

Executive Director, Financial Advisor, Senior Portfolio Management Director, Alternative Investments Director, Workplace Advisor - Equity Compensation, Financial Planning Specialist
Phone:
(212) 296-2060(212) 296-2060
Photo of Melanie Weintraub

Melanie Weintraub, CEPA®

Financial Advisor
Phone:
(212) 296-6095(212) 296-6095
Photo of Scott Kim

Scott Kim, CFP®*

Assistant Vice President, Business Development Director
Phone:
(212) 296-7467(212) 296-7467
Photo of James Griffin

James Griffin

Assistant Vice President, Wealth Management Associate
Phone:
(212) 296-7310(212) 296-7310
Photo of Mark Watros

Mark Watros

Director of Investments
Phone:
(212) 296-6093(212) 296-6093
Photo of Jas Kaur

Jas Kaur

Client Service Associate
Phone:
(212) 296-0111(212) 296-0111

About Robert Chen

Robert brings an institutional lens to personal wealth—helping translate complexity into clarity. He leads the team’s investment strategy with a focus on disciplined asset allocation, sophisticated alternative investments, and risk-aware portfolio design.

He works with families to build comprehensive, lasting financial strategies that integrate core values, legacy goals, education planning, risk management, and business transition strategies. Robert holds the Senior Portfolio Management Director designation and focuses on overall asset allocation for client portfolios as well as hedging strategies for exposure across sector and style allocations. He focuses on risk management across all asset classes.

Robert began his career at Credit Suisse First Boston in the Investment Banking division, where he worked as a financial analyst in the Financial Sponsors / Leveraged Finance Group in New York. He then spent four years investing in credit and private lending across two credit-focused hedge funds, followed by two years at a long/short equity hedge fund with offices in Los Angeles and New York. He started his wealth management career at Merrill Lynch before being recruited to Morgan Stanley in 2014.

Robert has been named to Forbes America’s Top Next-Gen Wealth Advisors and Top Next-Gen Wealth Advisors Best-in-State in 2017-2022; and Best-In-State Wealth Advisors in 2021-2025. Robert combines years of experience with an uncommon ability to help simplify complexity.

Robert is an active member of the Brown University Alumni Committee, currently serves on the Woodberry Forest School Advisory Council, the Associate Board of the Cancer Research Institute, and the Board of Directors for the Museum of Chinese in America. He and his wife, daughter, and dog reside in Manhattan.

Disclosures:
2017-2022 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State Source: Forbes.com (Awarded 2017-2022). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
2021 - 2025 Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded 2021 - 2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Securities Agent: VA, HI, CO, VI, UT, TN, SD, ND, NC, MT, MN, MD, MA, IA, RI, FL, KY, DC, PR, OK, OH, NY, CT, NJ, NH, IL, WY, WA, PA, MI, GA, AZ, AL, AK, WI, SC, OR, NV, DE, CA, TX, MS, KS, IN, MO, LA, ID; General Securities Representative; Investment Advisor Representative
NMLS#: 1056434
CA Insurance License #: 0M50860

About Bill DeMatteo

Bill DeMatteo is an Executive Director and Financial Advisor with The Chen Group at Morgan Stanley. In addition to advising clients and families, he serves as the team's Chief Operating Officer, overseeing the business of the team, and leading the integration of advisory practices as part of the group’s long-term growth strategy. His career spans more than two decades in financial services, including 17 years in senior leadership roles at Morgan Stanley.

Before joining The Chen Group, Bill led Morgan Stanley’s Fifth Avenue Market in New York City. In that role, he was directly involved in advisor transitions, practice acquisitions, succession planning, and the integration of complex businesses into the firm. He brings this experience to the Chen Group by identifying strategic acquisition opportunities, conducting diligence on advisory practices, and guiding integration in a way that protects clients, supports advisors, and preserves continuity. His focus is on thoughtful growth—helping to ensure that each transaction strengthens the team and enhances the client experience.

Bill holds multiple FINRA registrations and the Senior Portfolio Management Director, Alternative Investments Director, Workplace Advisor–Equity Compensation, and Financial Planning Specialist designations.

He lives in New York City with his wife and two children and supports organizations including the Tunnel to Towers Foundation and the Morgan Stanley Children’s Hospital. He is also an avid golfer.
Securities Agent: OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, OK, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL, AK; BM/Supervisor; General Securities Principal; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 2589482

About James Ferrante

James works with clients, their families and businesses to determine their goals, needs and objectives. He focuses on both sides of the client balance sheet to help maximize efficiency and watch for blind spots, including estate planning strategies.

As an Alternative Investments Director, James assesses new investment opportunities and strategically allocates appropriate investments to qualified client portfolios.

James began his career in the Treasury Group at Deutsche Bank. He held a hybrid role that included liquidity risk management, hedging foreign capital reserves in Latin America and funding the bank’s various business lines. While at Deutsche Bank his team helped shepherd the bank through the Global Financial Crisis. This instilled a deep appreciation for the value of risk management, providing a skill set applicable to personal finance. After five years at Deutsche Bank, he began his career in wealth management at Merrill Lynch. He spent two years at Merrill Lynch and four years at Wells Fargo before joining the team at Morgan Stanley in Fall 2019. James was later recognized by Forbes as a Best-in-State Next-Gen Wealth Advisor in both 2022 and 2023.

James received his Bachelor’s degree from Georgetown University’s McDonough School of Business with a double major in Finance and Management.

He currently resides in Manhattan and is an avid skier and tennis player. He is also a proud uncle and godfather to a cohort of nieces and nephews.

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Disclosures:
2022-2023 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (Awarded 2022-2023). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Securities Agent: WY, VI, SC, SD, UT, OH, WV, DC, NV, MS, MA, OR, OK, RI, PR, MD, TN, WI, WA, VA, VT, TX, NJ, NH, MO, PA, MN, NC, NY, ND, NM, NE, DE, ME, MT, CO, HI, IA, MI, ID, LA, FL, KY, KS, IN, IL, GA, CT, AK, CA, AZ, AR, AL; General Securities Representative; Investment Advisor Representative
NMLS#: 1111755

About Rocky Cassone

Rocky is a financial advisor with The Chen Group and works in the Charleston, SC office. Rocky works with families and family-owned businesses to develop holistic financial plans. He understands the planning process begins with a deep understanding of each client’s personal values and long-term goals. Through the process, he provides solutions in Investment Consulting, Advanced Planning and Relationship Management.

He graduated from Woodberry Forest and earned a Business Economics degree at Wofford College.

• Rocky has always enjoyed helping people, solving problems and working with numbers.
• Rocky’s favorite part of his career is building long term relationships with clients.

Rocky is a South Carolina native. Rocky is an avid golfer, enjoys skiing, hiking and spending time with his nieces and nephews
Securities Agent: HI, UT, PR, IN, WY, VA, PA, NC, GA, CO, OH, NV, ND, CT, WI, VI, DE, AK, NJ, MA, CA, SC, MI, IL, TN, SD, FL, DC, AZ, MT, WA, TX, OR, NY, MD; General Securities Representative; Investment Advisor Representative
NMLS#: 2428082

About Talal Bazzi

Talal Bazzi focuses on providing tailored wealth management solutions for high-net-worth families, finance professionals, partners at law firms and doctors. With a client centered approach Talal is committed to building trust and guiding his clients through every step of their financial journey.

With seven years of experience in the wealth management industry, Talal has risen to become a partner at The Chen Group. His dedication and performance have been recognized through his membership in Morgan Stanley's prestigious Pacesetters Club for four consecutive years, most recently in 2025. Before entering finance, Talal earned a bachelor’s degree in mechanical engineering from the University of
Miami.

Talal grew up in Miami, Florida, and his upbringing instilled in him a love for connecting with people and serving his community. Outside of work he is passionate about animal welfare and co-founded the Voltaire Foundation, where he serves on the board. An avid sports enthusiast, Talal enjoys playing golf, basketball, soccer, and is a die-hard Liverpool fan.
Securities Agent: KS, SD, OH, NH, MI, IN, CO, WA, VA, MO, DE, NJ, DC, VI, RI, PR, MT, AZ, WI, OR, MD, CT, GA, TN, NY, NC, KY, IL, PA, ND, WY, UT, SC, IA, CA, NM, MN, MA, HI, FL, AK, TX, OK, NV; General Securities Representative; Investment Advisor Representative
NMLS#: 1807584

About Melanie Weintraub

Melanie joined Morgan Stanley in 2025. She provides institutional level investing advice to her clients and is a fourth-generation business owner.

Her journey into private wealth management began after inheriting her father’s business, where she gained firsthand experience with complex wealth transfers. This background has equipped her with a profound understanding of the critical role a sophisticated financial plan plays in helping preserve and grow wealth. Melanie is committed to building lasting relationships with her clients, earning their trust through consistent communication, attention to detail, and timely, effective solutions.

Renowned for her genuine approach, Melanie excels at connecting with each family member. Her ability to demystify complex financial strategies helps ensure that her clients feel empowered and informed in their decision-making process.

Before joining Morgan Stanley, Melanie enjoyed a successful 15-year career in institutional equity sales, where she served some of the largest hedge fund investors. Her roles at Nomura Securities, Deutsche Bank, and Alliance Bernstein have honed her skills and broadened her industry perspective.

Melanie is an alumna of the University of Michigan, where she earned a Bachelor of Arts degree in Political Science and Italian in 2008. She also holds the Certified Exit Planning Advisor (CEPA) designation. Beyond her professional achievements, she is a winter sports enthusiast - she is an avid skier and was formerly a member of the US Figure Skating Team. Melanie resides in Connecticut with her husband and three children.
Securities Agent: NE, OH, OK, IA, FL, HI, VT, SD, NV, NJ, GA, DC, AZ, WA, NH, MD, LA, ID, DE, SC, PR, OR, NC, ME, KY, CT, CA, AR, WY, WV, MS, MI, VI, NY, NM, MN, AL, AK, WI, TX, TN, PA, IL, VA, RI, ND, MT, MO, KS, CO, UT, MA, IN; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 2755988

About Scott Kim

Scott Kim is an Assistant Vice President and Business Development Director within Morgan Stanley Wealth Management, supporting The Chen Group with day-to-day client service and operational execution. In his role, Scott onboards new accounts, assists with financial planning, trading , portfolio modeling, asset allocation, equity research, and reporting to help the team deliver a consistent client experience.

Scott began his career at Smith Barney in 2010 and continued with the firm through its merger into Morgan Stanley. He holds the CFP® designation and maintains Series 7 and Series 66 licenses. Scott earned a Bachelor of Science in Economics from George Mason University.

Originally from Virginia, Scott enjoys hiking, camping, soccer and basketball. He lives in Brooklyn with his wife, Amy, and their two sons, and volunteers with local charity and community organizations.

*This role cannot solicit or provide investment advice

About James Griffin

James Griffin is an Assistant Vice President and Wealth Management Associate on The Chen Group, focused on delivering high-touch client service and operational support. He works with the team on onboarding new accounts, asset and account transfers, trading support, portfolio modeling, asset allocation, and the preparation of equity research and performance reporting to help clients stay informed and organized.

James joined Morgan Stanley as an intern in 2015 and transitioned to a full-time role in 2016 on the Complex Management Team, supporting integration efforts and operational functions including IT, property services, entitlements, and onboarding. He joined The Millman, McGee & Ennis Group in 2019, where he supported onboarding and served as a family analyst across more than 50 client relationships. James joined The Chen Group in 2023 and holds Series 7 and Series 66 licenses, as well as Morgan Stanley’s Financial Planning Specialist designation and an Associate’s Degree in Business Administration.

James lives in Matawan, New Jersey, and enjoys golfing in his free time.

About Mark Watros

Mark Watros is the Director of Investments for The Chen Group at Morgan Stanley, where he leads portfolio management and investment strategy for high-net-worth individuals and families. He oversees customized portfolio construction and ongoing investment management, drawing on deep fixed income and market experience to help align client portfolios with long-term objectives and risk considerations.

Mark began his career at Morgan Stanley in 2018 on the Brokerage Fixed Income Sales desk, later moving into Advisory Fixed Income Sales supporting institutional accounts and high-net-worth portfolio managers. He subsequently joined the Fixed Income Trading desk as a trader before transitioning to his current role with The Chen Group. Mark earned a bachelor’s degree from Ferris State University and an MBA from the University of Connecticut. He also served in the U.S. Marine Corps and received a Purple Heart for his service.

Mark lives in Connecticut with his wife and two children and enjoys golfing, including scoring two hole-in-ones.

About Jas Kaur

Jas Kaur is a Client Service Associate on The Chen Group at Morgan Stanley, supporting Wealth Management and Private Wealth Management clients through daily operational and administrative execution. She helps the team deliver a seamless client experience by coordinating service requests, supporting account-related workflows, and ensuring key processes are handled accurately and efficiently.

Jas began her Morgan Stanley career as an Operational Associate/Admin, building a strong foundation in financial operations and client service. She holds a Bachelor of Business Administration in Economics, which supports her analytical approach and commitment to responsive, client-centric service. Originally from Queens and now based in East Meadow, Long Island, Jas brings a disciplined work ethic and a collaborative mindset to the team.

Outside of work, Jas enjoys cooking and spending time with friends and family.

About Andrew Eng

Andrew Eng is a Private Wealth Management Analyst and Financial Planning Specialist on The Chen Group at Morgan Stanley, focused on delivering comprehensive financial planning support. He assists with trading-related requests, portfolio modeling, asset allocation analysis, and performance reporting, helping the team translate planning insights into coordinated next steps for clients.

Andrew joined Morgan Stanley in June 2023 as part of the Planning Virtual Engagement Associate team, where he developed experience with Modern Wealth Management tools and advisor practice support. His background includes studies in psychology and business administration; he began his undergraduate education at SUNY Binghamton, later completing his degree at Southern Connecticut State University, where he also earned an MBA. He holds the Morgan Stanley Financial Planning Specialist designation, as well as the Series 7, 63, and 66 licenses.

Andrew enjoys golfing, traveling, and exploring new restaurants and cuisines.

*This role cannot solicit or provide investment advice

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 Best-In-State Wealth Advisors
​2021-2025 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2021-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes America's Top Next-Gen Wealth Advisors
​2017-2018, 2020-2022 Forbes America's Top Next-Gen Wealth Advisors (formerly referred to as Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors) Source: Forbes.com (Awarded 2017-2018, 2020-2022). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Forbes Top Next-Gen Wealth Advisors Best-In-State
​2017-2018, 2020-2023, 2025 Forbes Top Next-Gen Wealth Advisors Best-in-State Source: Forbes.com (Awarded 2017-2018, 2020-2023, 2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
Forbes Top Women Wealth Advisors Best-In-State
Forbes Top Women Wealth Advisors Best-In- State Source: Forbes.com (Awarded Feb 2026) Data compiled by SHOOK Research LLC for the period 6/30/24 - 6/30/25.
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Portfolio Insights

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Equity Compensation

Helping you make the most of your equity awards and better understand how it may fit into your larger financial picture – today and tomorrow.

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Managing Significant Wealth

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PWM Leadership Insights & Outcomes
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PWM Leadership Insights & Outcomes

Bringing Private Wealth Management leadership perspectives directly to you on the forces shaping wealth today, from cross-border complexity to AI for family offices and more.

Insights and Outcomes

Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
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Larry Fitzgerald Jr.'s Playbook on Leadership and Values
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Larry Fitzgerald Jr.'s Playbook on Leadership and Values

The renowned NFL wide receiver shares insights on aligning your investments with your values.

Private Wealth Management Podcast

Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
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Listen | The Pyramid of Giving: When to Say Yes. How to Say No.
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Listen | The Pyramid of Giving: When to Say Yes. How to Say No.

You can support the people and causes you care about, while also turning down requests when you feel you have done enough. Tune in for tips and hear from Katherine Lorenz, President of the Cynthia and George Mitchell Foundation, who shares her story.
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.

For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

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2Morgan 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.

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3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.

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4When 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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5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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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.

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7Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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8Morgan 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.

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9Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.

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10Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley does not assist with buying or selling art in any way and merely provides information to clients interested learning more about the different types of art markets at a high level. Any client interested in buying or selling art should consult with their own independent art advisor.

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11When 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.

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Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.

Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.

Asset Allocation does not assure a profit or protect against loss in declining financial markets.

The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.

Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.

For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

See the Financial Advisors Biographies for Registration and Licensing information.

Certified Financial Planner Board of Standards 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.

Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .

Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.

Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.

Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.

Private Bankers are employees of Morgan Stanley Private Bank, National Association.

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Awards Disclosures | Morgan Stanley

Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.

2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.

3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.

4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.

Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.

Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.

Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.

Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.

Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.

Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.

Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.

With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.

To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.

Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.

There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.

Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.

The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.

Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.

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 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.

The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.

© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.

CRC 4677197 (7/2025), 5378280 (5/2026)