Senior Vice President, Financial Advisor, International Client Advisor, Financial Planning Specialist
Phone:
(650) 358-1820(650) 358-1820
The Cheng Group at Morgan Stanley
Direct:
(650) 358-1811(650) 358-1811
Our Mission Statement
Building multi-generational relationships. Creating long-term wealth. One family at a time.
Our Story – The Cheng Group at Morgan Stanley
At The Cheng Group, our journey is built on a foundation of trust, integrity, and an unwavering commitment to our clients. For over two decades, Bonnie Cheng and Justine Cramer have been dedicated to guiding families, business owners, and international clients toward financial conficdence and lasting prosperity. Their partnership is a testament to shared values, a deep understanding of diverse financial needs, and a genuine passion for helping clients achieve their goals.
Bonnie and Justine's story began years ago when their paths first crossed in the financial industry. Their shared commitment to providing personalized, compassionate service quickly became the cornerstone of their partnership. Together, they have served generations of families — many of them with roots in mainland China and Taiwan — helping clients navigate the complexities of wealth management across borders and cultures. They understand the unique financial challenges faced by international clients, and their bilingual capabilities help clients communicate clearly.
Bonnie, with her reputation for meticulous financial analysis and thoughtful, personalized advice, is known for her unwavering integrity. She takes the time to understand each client's financial journey, providing clear, carefully considered recommendations that are easy to understand. Justine complements this with her talent for building lasting relationships, and her focus on multi-asset strategies that align with clients' financial goals. Together, they create a nurturing, supportive environment where clients feel truly heard and valued.
At The Cheng Group, financial planning is not just about numbers—it is about understanding your dreams, protecting your loved ones, and building a legacy that can stand the test of time. Our clients trust us not only for our experience but for our genuine care. We are here to provide clarity and confidence in every financial decision. Whether you are planning for retirement, navigating cross-border wealth management, or securing your family's future, we are here for you—every step of the way.
Services Include
- Asset Management
- Retirement PlanningFootnote1
- Stock Plan ServicesFootnote2
- 401(k) Rollovers
- Wealth PlanningFootnote3
- Alternative InvestmentsFootnote4
- Trust AccountsFootnote5
- Professional Portfolio ManagementFootnote6
- Estate Planning StrategiesFootnote7
- Long-term Care InsuranceFootnote8
- Philanthropic ManagementFootnote9
- Executive Financial ServicesFootnote10
- Stock Option PlansFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Who We Serve
We want to be by your side throughout all of your financial milestones, ranging from retirement planning to leaving a nest-egg for your family. We at the Cheng Group have the capabilities to help you with whatever life may throw your way.
Our practice is built upon the development and creation of strong relationships with all of our clients and their families. Thus, allowing us to deliver a vast assortment of wealth management services.
We work with a broad range of clients who value and respect the advice that we carefully cultivate for them in their search for financial wellness. Some of their goals include:
- Simplifying their financial picture
- Planning for an enjoyable retirement
- Managing risk and protecting assets against all types of markets
- Minimizing investment related taxes through the use of the Morgan Stanley tax division
- Addressing long-term health care needs
- Educating the next-generation on how to manage finances and prepare for the future
- Allowing for philanthropic opportunities
The advice and solutions that we provide to you will be carefully planned. We take the time to understand your needs and desires, and through this, create a strong relationship of understanding and problem-solving. We are confident that we can help you through every part of your financial life.
We want to be the CFOs of your family's wealth.
Our Clients Include
- Entrepreneurs
- Business Owners
- Employees with Concentrated Stock Positions
- Pre-retirees and Retirees
- Multi-Generational Families
- International Clients
International Wealth Management
Part of a global financial legacy that dates back over 150 years, Morgan Stanley is one of the few truly global institutions with the scale, scope, and commitment to serve the international investor. We serve among the world’s most capitalized institutions and stand as one of the largest wealth management firms in the world.
Morgan Stanley International Wealth Management (IWM) harnesses the extensive capabilities of the firm to serve investors located outside the United States. Functioning as a specialized group within Morgan Stanley, IWM is staffed by specially trained International Client Advisors and managers who understand your wealth management needs. Our International Client Advisors are familiar with the investment challenges and opportunities that are unique to your part of the world and can recommend highly customized strategies to help you address your specific goals.
Morgan Stanley International Wealth Management (IWM) harnesses the extensive capabilities of the firm to serve investors located outside the United States. Functioning as a specialized group within Morgan Stanley, IWM is staffed by specially trained International Client Advisors and managers who understand your wealth management needs. Our International Client Advisors are familiar with the investment challenges and opportunities that are unique to your part of the world and can recommend highly customized strategies to help you address your specific goals.
Awards, Recognition, and Designations
Thanks to the unwavering commitment to helping clients and families achieve their goals, members of the Cheng Group have been awarded and granted the following designations and awards.
2025 Forbes Top Women Wealth Advisor Best-In-State
Bonnie has been named to Forbes' 2025 list of Top Women Wealth Advisors Best-In-State.
Source: Forbes.com (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 – 9/30/24.
CFP®
Individuals certified by the CFP® Board have taken the extra steps to demonstrate commitment and professionalism by voluntarily submitted to the rigorous CFP® certification process that includes demanding education, examination, experience, and ethical requirements. These four cornerstones set the foundation for the CFP® professional's ability in helping clients achieve their goals.
CPWA®
The Certified Private Wealth Advisor® certification is designed for experienced advisors who work with high-net-worth clients. It focuses on the full cycle of wealth—accumulation, preservation, and distribution. Earning the CPWA® designation gives you the skills to identify and analyze challenges facing high-net-worth (HNW) clients and develop specific strategies to help minimize taxes, monetize and protect assets, maximize growth, and transfer wealth.
International Wealth Management - International Client Advisors
Working in international wealth management requires Financial Advisors with a keen sense of global awareness. The Cheng Group comes from a diverse set of backgrounds, with clients residing in both the United States and in China. We are fully equipped to help both domestic and international clients with their wealth management needs.
Bonnie and Justine are both fluent in Mandarin; Bonnie is also fluent in Cantonese.
Key Life Events
Birth
Welcoming a child into the family is a joyous occasion for everyone. As your trusted advisor, I will help you plan and prepare for the financial components that a new child might introduce to your lives.
Learn More About Giving to Children
Education
Education is a major investment that often requires years of careful, advanced planning. As educational costs continue to rise - from primary education through undergraduate, graduate and professional schools - we will work together to implement the appropriate funding strategies for your needs.
529 Plans: A Powerful Tool to Save for Education
Marriage
There are few events more exciting than tying the knot with the person you love. Managing your wealth is a critical component to maintaining a long, fruitful marriage. Also, helping fund your child's wedding is a goal for many parents and grandparents.
Learn More About Talking Money
Planning for Your Future
At Morgan Stanley, we believe that identifying financial solutions begins with a solid understanding of each client's situation, goals, objectives and risk tolerance. We follow a disciplined process that allows us to work with you to craft a solution that helps meet your individual needs.
Goals Based Planning
Retirement
Some people look forward to retirement as their time to relax and enjoy the fruits of their decades-long career. Others worry about their ability to support their lifestyle given certain life challenges. Saving for retirement is a lifelong process that relies on defined financial planning strategies.
Learn More About Retirement Planning
Wealth Transfer
Dealing with eventual transfer of wealth is intense and challenging. Aside from coping with the loss of a loved one, legal matters also require immediate attention, including the administration of the estate. Even though it is a difficult conversation to have, we will help you determine your estate planning goals to minimize conflict and confusion for your loved ones when legacy is passed on.
Learn More About Estate PlanningLocation
411 Borel Ave
Suite 220
San Mateo, CA 94402
US
Direct:
(650) 358-1811(650) 358-1811
Meet The Cheng Group
Justine Cramer
Financial Advisor, Financial Planning Specialist
Phone:
(650) 358-1811(650) 358-1811
Sinclair Myrick
Registered Client Service Associate
About Me
Bonnie Cheng is a Senior Vice President, Senior Wealth Advisor and CERTIFIED FINANCIAL PLANNERTM with The Cheng Group at Morgan Stanley in San Mateo, Calif. In a career that has spanned more than two decades she has firmly established a solid reputation for reliability, professionalism and unwavering integrity.
Bonnie is deeply devoted to providing excellent service to her clients. “I sincerely care about making life easier for them,” she says. “I do this by consistently delivering -- and striving to exceed their expectations. I want them to feel they have a trusted advisor working hard for them every day.”
Bonnie’s caring spirit comes through in her very first meeting with an investor. She conducts a comprehensive interview in which she takes the time to understand fully all the details of the person’s financial life. She is an excellent listener and keenly adept at identifying what really matters to investors.
Following the initial meeting, Bonnie meticulously analyzes the client’s situation before making her carefully considered recommendations in a language that clients can easily understand. From there, she keeps clients well-informed through regular communications. Bonnie believes a well-informed client is a confident one, regardless of market and economic conditions.
Bonnie’s greatest satisfaction comes when she helps clients achieve their financial goals and they in turn entrust more of their wealth to her. Having helped countless clients through the years, she has received numerous referrals and now manages money for children of long-time clients.
Born in China, Bonnie has clients in both the U.S. and in Asia. She serves primarily high-net-worth clients, multinational corporations and business owners. She completed her undergraduate work in China and has an MBA from San Francisco State University. Before joining Morgan Stanley in 2022, she worked more than seven years at Citi as a CERTIFIED FINANCIAL PLANNERTM and Senior Wealth Advisor.
Bonnie is married to her husband, Benny Huang, and they have one child, Claire. In her free time, she enjoys traveling and biking with her daughter.
Bonnie is deeply devoted to providing excellent service to her clients. “I sincerely care about making life easier for them,” she says. “I do this by consistently delivering -- and striving to exceed their expectations. I want them to feel they have a trusted advisor working hard for them every day.”
Bonnie’s caring spirit comes through in her very first meeting with an investor. She conducts a comprehensive interview in which she takes the time to understand fully all the details of the person’s financial life. She is an excellent listener and keenly adept at identifying what really matters to investors.
Following the initial meeting, Bonnie meticulously analyzes the client’s situation before making her carefully considered recommendations in a language that clients can easily understand. From there, she keeps clients well-informed through regular communications. Bonnie believes a well-informed client is a confident one, regardless of market and economic conditions.
Bonnie’s greatest satisfaction comes when she helps clients achieve their financial goals and they in turn entrust more of their wealth to her. Having helped countless clients through the years, she has received numerous referrals and now manages money for children of long-time clients.
Born in China, Bonnie has clients in both the U.S. and in Asia. She serves primarily high-net-worth clients, multinational corporations and business owners. She completed her undergraduate work in China and has an MBA from San Francisco State University. Before joining Morgan Stanley in 2022, she worked more than seven years at Citi as a CERTIFIED FINANCIAL PLANNERTM and Senior Wealth Advisor.
Bonnie is married to her husband, Benny Huang, and they have one child, Claire. In her free time, she enjoys traveling and biking with her daughter.
Securities Agent: CT, WV, WA, CA, TX, OH, MD, UT, NY, MN, MA, FL, AZ, KS, NV; General Securities Representative; Investment Advisor Representative
NMLS#: 1814494
NMLS#: 1814494
About Justine Cramer
Justine Cramer is a Financial Advisor with The Cheng Group at Morgan Stanley in San Mateo, California. She specializes in creating diversified multi-asset strategies and providing personalized guidance on financial planning. Justine is passionate about helping individuals and families make intentional financial decisions that align with their goals.
Before joining Morgan Stanley in 2022, Justine spent 20 years as a Relationship Manager at Citi and HSBC. She holds FINRA Series 7, 65, and 63 licenses. With a deep appreciation for relationships and communication, Justine is a thoughtful and empathetic listener, allowing her to offer personalized financial guidance that addresses each client’s unique needs.
Originally from Taiwan, Justine faced the challenge of building a new life in the United States while navigating unfamiliar financial systems. With the support of her church community and her growing expertise in finance, she developed the tools to succeed. Today, she draws on her personal journey to help clients—including new immigrants—achieve financial security and plan for future generations.
As a single mother, Justine understands the vital role financial planning plays in creating stability and opportunity for families. She believes financial education starts with small, actionable steps and grows into a foundation for long-term independence.
Outside of work, Justine is active in her church and enjoys spending quality time with her daughter, Manya, and her close circle of friends.
Before joining Morgan Stanley in 2022, Justine spent 20 years as a Relationship Manager at Citi and HSBC. She holds FINRA Series 7, 65, and 63 licenses. With a deep appreciation for relationships and communication, Justine is a thoughtful and empathetic listener, allowing her to offer personalized financial guidance that addresses each client’s unique needs.
Originally from Taiwan, Justine faced the challenge of building a new life in the United States while navigating unfamiliar financial systems. With the support of her church community and her growing expertise in finance, she developed the tools to succeed. Today, she draws on her personal journey to help clients—including new immigrants—achieve financial security and plan for future generations.
As a single mother, Justine understands the vital role financial planning plays in creating stability and opportunity for families. She believes financial education starts with small, actionable steps and grows into a foundation for long-term independence.
Outside of work, Justine is active in her church and enjoys spending quality time with her daughter, Manya, and her close circle of friends.
Securities Agent: AZ, FL, CT, NV, NY, WA, OH, MN, TX, MD, UT, KS, WV, MA, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 726302
NMLS#: 726302
About Sinclair Myrick
Sinclair Myrick is a Registered Client Service Associate at Morgan Stanley. He joined the firm in 2025, bringing experience in client relationship management and advisor support. A Palo Alto native, Sinclair graduated from Colorado College in 2022 with a degree in neuroscience and holds both his Series 7 and Series 66 licenses.
Sinclair is committed to delivering a high level of service to clients and is excited to continue growing professionally as part of the team. Outside of the office he enjoys skiing, both inbounds and backcountry, climbing, and spending time outdoors.
Sinclair is committed to delivering a high level of service to clients and is excited to continue growing professionally as part of the team. Outside of the office he enjoys skiing, both inbounds and backcountry, climbing, and spending time outdoors.
Contact Bonnie Cheng
Contact Justine Cramer
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Ryan Brown
Senior Private Banker
About Ryan Brown
Ryan Brown is a Senior Private Banker serving Morgan Stanley Wealth Management offices in California.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, while leveraging our comprehensive suite of cash management and lending solutions.
Ryan began his career in financial services in 2006, and joined Morgan Stanley in 2011 as an Associate Private Banker. Prior to joining the firm, he was a Licensed Premier Banker at Wells Fargo Bank, N.A.
Ryan is a graduate of the University of California at Irvine, where he received a Bachelor of Arts in International Studies and a minor in Management. He lives in Half Moon Bay, California with his family. Outside of the office, Ryan enjoys playing golf, road and mountain biking, and spending time with friends and family. He also volunteers his time as a youth sports coach and at several non-profit organizations.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, while leveraging our comprehensive suite of cash management and lending solutions.
Ryan began his career in financial services in 2006, and joined Morgan Stanley in 2011 as an Associate Private Banker. Prior to joining the firm, he was a Licensed Premier Banker at Wells Fargo Bank, N.A.
Ryan is a graduate of the University of California at Irvine, where he received a Bachelor of Arts in International Studies and a minor in Management. He lives in Half Moon Bay, California with his family. Outside of the office, Ryan enjoys playing golf, road and mountain biking, and spending time with friends and family. He also volunteers his time as a youth sports coach and at several non-profit organizations.
NMLS#: 465566
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
The Robots are Coming
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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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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
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 Cheng Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1When 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.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
3Morgan Stanley 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Alternative 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.
5Morgan 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
11Morgan Stanley Smith Barney LLC (“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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1When 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.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
3Morgan Stanley 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Alternative 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.
5Morgan 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
11Morgan Stanley Smith Barney LLC (“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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)
