Executive Director, Financial Advisor, Senior Portfolio Management Director
Phone:
(708) 226-5472(708) 226-5472
The Chicago Skyline Group at Morgan Stanley
Direct:
(708) 226-5472(708) 226-5472
Toll-Free:
(800) 323-1340(800) 323-1340
Industry Award WinnerOur Mission Statement
We strive for excellence in helping clients like you with personalized investment and financial strategies, to provide the greatest positive impact on your life and legacy.
Welcome
As your life evolves, evaluating and wisely choosing among the complex options for your financial strategy may require the guidance of an experienced team of advisors - a team who understands your diverse needs and unique challenges.
The Chicago Skyline Group at Morgan Stanley's mission is to focus on what is most important to you and provide the skills, sophisticated strategies and world-class resources needed to make informed, confident decisions about your life, your family and your finances.
Our approach is what sets us apart; it is holistic and goals-based and it measures your success by how you're progressing toward meeting the goals most important to you. It enables you to stay flexible and proactive in managing your portfolio and identifies ways to help improve your results by either altering saving and spending behaviors or changing investment strategies. Ultimately, goals-based investing empowers you to be more confident in your investment decisions.
The Chicago Skyline Group at Morgan Stanley's mission is to focus on what is most important to you and provide the skills, sophisticated strategies and world-class resources needed to make informed, confident decisions about your life, your family and your finances.
Our approach is what sets us apart; it is holistic and goals-based and it measures your success by how you're progressing toward meeting the goals most important to you. It enables you to stay flexible and proactive in managing your portfolio and identifies ways to help improve your results by either altering saving and spending behaviors or changing investment strategies. Ultimately, goals-based investing empowers you to be more confident in your investment decisions.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
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 enables us to work with you to craft a solution that helps to meet your individual financial needs:
• Develop a thorough understanding of your financial goals and objectives
• Review and analyze your current financial situation
• Identify and tailor solutions that can help you meet your individual needs
• Implement your customized strategy, including personalized services and benefits
• Review your strategy, meeting periodically to discuss your goals and needs
Whatever your financial goal—whether to grow your wealth, preserve it or pass it on to others, you can count on us to help you with a strategy that is:
• Personal- Highly individualized and committed to helping you achieve financial success
• Flexible- Responsive to changes in your life and in your priorities over time
• Comprehensive- Covering a broad array of investment products and services, with preferred benefits tied to your valued status with us
• Develop a thorough understanding of your financial goals and objectives
• Review and analyze your current financial situation
• Identify and tailor solutions that can help you meet your individual needs
• Implement your customized strategy, including personalized services and benefits
• Review your strategy, meeting periodically to discuss your goals and needs
Whatever your financial goal—whether to grow your wealth, preserve it or pass it on to others, you can count on us to help you with a strategy that is:
• Personal- Highly individualized and committed to helping you achieve financial success
• Flexible- Responsive to changes in your life and in your priorities over time
• Comprehensive- Covering a broad array of investment products and services, with preferred benefits tied to your valued status with us
Modern Wealth Tools & Updates
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 insightful topics that are affecting the finance and business worlds, as well as tools to help you understand your plan.
Morgan Stanley Online (MSO)
MSO makes it easy to manage your investments and day-to-day finances in one place. Access account documents, pay bills, and transfer funds with just a few clicks.
Sign Up/Log In
Total Wealth View
See your complete financial picture by linking your accounts. Total Wealth View empowers smarter wealth planning with secure data access and seamless connectivity.
Click Here to Learn More
Digital Vault
Simplify how we work together with the Digital Vault—a secure, organized way to store, access, and share your most important documents.
Click Here to Learn More
Portfolio Risk Platform
Get a deeper understanding of portfolio risk with Morgan Stanley’s Portfolio Risk Platform, powered by BlackRock’s Aladdin Risk Engine. Gain insights into potential risk factors, even for assets held outside our firm.
Click Here to Learn More
Reserved Living & Giving
Reserved Living & Giving is our exclusive, complimentary loyalty program for eligible clients—offering personalized experiences, curated content, and special benefits from over 60 premium lifestyle brands.
Click Here to Explore Reserved
Total Tax 365
Taxes don’t have to weigh down your investments. Total Tax 365 delivers active, year-round tax strategies designed to help reduce tax drag and enhance portfolio performance.
Click Here to Learn More
Thoughts on the Market
Each week, Chief Cross-Asset Strategist Andrew Sheets, or a member of his team, offers perspective on the forces shaping the markets as well as insights on investment opportunities and risk across global asset classes.
Listen Here
Global Investment Committee on the Markets
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
Read: "GIC on the Markets"
2025 Maximum Benefit and Contribution Limits
401k: $23,500, up from $23,000 for employees under 50 years old, and catch-ups remain at $7,500 for employees over 50. New catch-up limit of $11,500 for employees aged 60-63.
Click Here to ReviewLocation
15341 S. 94th Ave
Ste 200
Orland Park, IL 60462
US
Direct:
(708) 226-5472(708) 226-5472
Toll-Free:
(800) 323-1340(800) 323-1340
Meet The Chicago Skyline Group
Donald S Kitchell
First Vice President, Financial Advisor, Financial Planning Specialist
Phone:
(708) 226-5415(708) 226-5415
Phone:
(708) 226-5421(708) 226-5421
Phone:
(708) 226-5458(708) 226-5458
Pam Tattas
Portfolio Associate
Phone:
(708) 226-5431(708) 226-5431
About Michael Young
I have spent my entire career as a Financial Advisor with Morgan Stanley. For more than 25 years, I have been working with high net worth individuals and families, business executives and small business owners to develop integrated, multi-generational wealth management strategies. This extensive experience has enabled me to develop strong and lasting relationships with my clients.
I believe the key to my successful practice has been my ability to develop a thorough understanding of my clients’ unique circumstances and long-term goals, in order to provide integrated solutions that work together to support those clients’ wealth and lifestyles. I take great personal satisfaction in working one-on-one with clients to help them achieve the retirement lifestyle they’ve imagined.
I graduated from Purdue University with a double major in Economics and Finance. I am also a licensed Chartered Mutual Fund Counselor® and have earned the Certified Investment Management Analyst (CIMA®) professional designation from the Wharton School at the University of Pennsylvania.
I am an active member of the Investment Management Consultants’ Association (IMCA®), which requires adhering to the IMCA Code of Professional Responsibility, and am also a current member of the South Suburban Estate Planning Council.
My wife, Bridget, and I live in the south suburbs of Chicago and have two sons. I enjoy running, golfing and spending time outdoors in nature.
NMLS # 1270072
I believe the key to my successful practice has been my ability to develop a thorough understanding of my clients’ unique circumstances and long-term goals, in order to provide integrated solutions that work together to support those clients’ wealth and lifestyles. I take great personal satisfaction in working one-on-one with clients to help them achieve the retirement lifestyle they’ve imagined.
I graduated from Purdue University with a double major in Economics and Finance. I am also a licensed Chartered Mutual Fund Counselor® and have earned the Certified Investment Management Analyst (CIMA®) professional designation from the Wharton School at the University of Pennsylvania.
I am an active member of the Investment Management Consultants’ Association (IMCA®), which requires adhering to the IMCA Code of Professional Responsibility, and am also a current member of the South Suburban Estate Planning Council.
My wife, Bridget, and I live in the south suburbs of Chicago and have two sons. I enjoy running, golfing and spending time outdoors in nature.
NMLS # 1270072
Securities Agent: CO, UT, MO, MI, IN, CT, CA, NV, WA, OH, NJ, LA, DE, AL, VA, TX, OK, NC, MA, FL, PA, OR, NY, KY, SD, KS, MN, GA, NE, WI, TN, SC, HI, AZ, AR, MD, IL, IA, DC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1270072
NMLS#: 1270072
About Donald S Kitchell
Donald has spent over 40 years in the financial services industry. What he enjoys most about his work is helping clients meet their financial goals. People who know him can always count on his custom and balanced approach to solving their financial questions.
Don graduated from Purdue University with a Bachelor of Science and achieved a Master of Business Administration from Indiana University.
He is married with 3 children and resides in Highland, Indiana. In his spare time, he enjoys a variety of sports, including tennis, golf and running.
NMLS #: 1268348
Don graduated from Purdue University with a Bachelor of Science and achieved a Master of Business Administration from Indiana University.
He is married with 3 children and resides in Highland, Indiana. In his spare time, he enjoys a variety of sports, including tennis, golf and running.
NMLS #: 1268348
Securities Agent: GA, TX, KY, UT, MI, FL, KS, IN, IL, DC, OR, CO, WA, MA, AL, SD, NV, MO, MN, MD, LA, DE, CA, AR, VA, NC, OH, NY, CT, AZ, WI, TN, SC, NJ, HI; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1268348
CA Insurance License #: 0173374
AR Insurance License #: 3341319
NMLS#: 1268348
CA Insurance License #: 0173374
AR Insurance License #: 3341319
About Sarah Udolph
Sarah is a Financial Advisor committed to helping people of all ages plan for their future. She believes in providing the best service and value for her clients to help achieve their financial goals.
Sarah has been with Morgan Stanley since 2015 and graduated from Purdue University with a bachelor’s degree in business finance.
She currently resides in Schererville, Indiana with her husband Mark and son Bryson. In her spare time, she loves going to Cubs games, golfing, and visiting Disney World.
NMLS# 1576039
Sarah has been with Morgan Stanley since 2015 and graduated from Purdue University with a bachelor’s degree in business finance.
She currently resides in Schererville, Indiana with her husband Mark and son Bryson. In her spare time, she loves going to Cubs games, golfing, and visiting Disney World.
NMLS# 1576039
Securities Agent: NJ, LA, TX, MA, RI, HI, GA, AL, WI, NY, NV, MO, DC, OK, OH, MN, CA, MS, MI, KY, IN, AR, NC, KS, IL, AZ, VA, TN, WA, SC, CO, UT, MD, FL, DE, SD, OR; General Securities Representative; Investment Advisor Representative
NMLS#: 1576039
CA Insurance License #: 4046344
AR Insurance License #: 17656996
NMLS#: 1576039
CA Insurance License #: 4046344
AR Insurance License #: 17656996
About Me
Tom grew up in Oak Lawn, IL where he attended Marist High School in Chicago and earned his bachelor’s degree in international business from St. Mary's University of Minnesota. With over 20 years in the financial services industry and close to 11 years as a Financial Advisor at Fifth Third Securities, Tom was thrilled to join the Chicago Skyline Group at Morgan Stanley in May of 2024. Tom prides himself on honesty, transparency and building long term relationships with his clients as their trusted advisor. In his free time, Tom enjoys fishing, golfing, and spending time with his wife, Carolyn, and their 3 daughters: Alexandra, Samantha, and Makenna. Tom and his family live in New Lenox, IL where they keep busy attending and coaching softball, soccer, and basketball games for their daughters.
Securities Agent: MI, DE, UT, TX, OR, SC, KY, MA, IN, IL, FL, NY, MO, LA, DC, MN, KS, CO, SD, NC, HI, GA, CA, AZ, AR, WA, OH, NJ, VA, TN, NV, MD, CT, AL, WI; General Securities Representative; Investment Advisor Representative
NMLS#: 818177
NMLS#: 818177
About Pam Tattas
Pam is a Registered Client Service Associate who enjoys communicating with clients and aspires to provide them with exceptional client service.
She holds a Bachelor of Science Degree from the University of Illinois at Chicago in Economics. She is licensed with a Series 7, 66 as well as Variable, Life and Health Insurance Licenses. She has worked in the Financial Services Industry for over 20 years.
Pam resides in the southwest suburbs with her husband, Mike, and their two daughters, Alissa and Alexandra. In her free time, she enjoys traveling, attending concerts and spending time with family and friends.
She holds a Bachelor of Science Degree from the University of Illinois at Chicago in Economics. She is licensed with a Series 7, 66 as well as Variable, Life and Health Insurance Licenses. She has worked in the Financial Services Industry for over 20 years.
Pam resides in the southwest suburbs with her husband, Mike, and their two daughters, Alissa and Alexandra. In her free time, she enjoys traveling, attending concerts and spending time with family and friends.
CA Insurance License #: 4099488
AR Insurance License #: 19699929
AR Insurance License #: 19699929
Contact Michael Young
Contact Donald S Kitchell
Contact Sarah Udolph
Contact Thomas Matug
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2026 Forbes Best-In-State Wealth Management Teams Source: Forbes (Awarded Jan 2026) Data compiled by SHOOK Research LLC based for the period 3/31/24-3/31/25. Awards Disclosures
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
Jordan Hoerter
Private Banker
Casey Friedman
Planning Associate
About Jordan Hoerter
Jordan Hoerter is a Private Banker serving Morgan Stanley Wealth Management offices in Illinois.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Jordan began his career in financial services in 2010 and joined Morgan Stanley in 2019. Prior to joining the firm, he was Vice President, Private Banker at Associated Bank.
Jordan is a graduate of the University of Wisconsin Stevens Point where he received a Bachelor of Science in Business Administration and Marketing. He lives in Chicago, Illinois. Jordan donates his time with United Way, Emerging Leaders, Blessings in a Backpack and Junior Achievement. When not in the office, Jordan enjoys running, snowboarding, traveling, and spending time with his family.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Jordan began his career in financial services in 2010 and joined Morgan Stanley in 2019. Prior to joining the firm, he was Vice President, Private Banker at Associated Bank.
Jordan is a graduate of the University of Wisconsin Stevens Point where he received a Bachelor of Science in Business Administration and Marketing. He lives in Chicago, Illinois. Jordan donates his time with United Way, Emerging Leaders, Blessings in a Backpack and Junior Achievement. When not in the office, Jordan enjoys running, snowboarding, traveling, and spending time with his family.
NMLS#: 1445073
About Casey Friedman
Casey Friedman is a Planning Associate at Morgan Stanley providing dedicated financial planning support to Financial Advisors and their teams. Operating as an extension of the FA/Team, she collaborates with clients to discover and define the goals that matter most to them. Leveraging state of the art technology, she will evaluate various options and their potential outcomes to help clients confidently choose the appropriate course of action. Casey provides expertise across a wide suite of Morgan Stanley planning tools designed to assist in the areas of investment accumulation, retirement, education, major purchase, cash flow, risk management, tax efficiency, and wealth transfer planning.
She earned her undergraduate degree from University of Wisconsin-Madison and received the Financial Planning Specialist® designation from the College for Financial Planning. Casey is originally from Wayne, N.J. and currently resides in New York, N.Y.
She earned her undergraduate degree from University of Wisconsin-Madison and received the Financial Planning Specialist® designation from the College for Financial Planning. Casey is originally from Wayne, N.J. and currently resides in New York, N.Y.
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
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 consult with your Financial Advisor to understand these differences.
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.
When 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.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
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 consult with your Financial Advisor to understand these differences.
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.
When 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.
Wealth Management
Global Investment Office
Portfolio Insights
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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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
Rational Investing in an Age of Uncertainty
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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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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
Ready to start a conversation? Contact The Chicago Skyline Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
6Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
6Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
