Our Story and Services

As your Financial Advisors, we strive to help you define and plan your financial goals by delivering a vast array of resources that are most appropriate for how you invest and what you want to achieve. Our number one priority when working together is to help preserve and grow your wealth. You will have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
2025 Forbes Best-In-State Wealth Management Teams
  • Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period from 3/31/23-3/31/24.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Focusing on You

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It is imperative to understand and acknowledge our clients personal needs and financial goals for the future so that we may provide proactive and holistic management. Investing the time to learn about our clients, fostering the relationships, and understanding their risk tolerances, allows us to develop a roadmap to achieve the outcomes our clients envision.
Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.

Our Capabilities

We help people in every stage of life. From help tackling college costs, to taking full advantage of your stock options and retirement plan, to anywhere in between, we have solutions.
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    Professional Investment Management
    Portfolios that harness Morgan Stanley's industry-leading advice, resources and risk management—calibrated to your specific goals.
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    Donor Advised Funds (DAF)
    A solution that may help you execute planned giving, offer an efficient way to donate complex and illiquid assets, and simplify charitable giving reporting while potentially mitigating taxes. Bring philanthropy into your wealth plan and help amplify the impact of your giving through the Morgan Stanley Global Impact Funding Trust (MS GIFT).
    MS GIFT
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    Private Markets
    Many of today’s companies stay private longer, with more of their valuation being created before they become publicly traded. Morgan Stanley Private Markets connects a broad network of potential private investors in an accessible ecosystem, allowing eligible clients to buy and sell securities of private companies.
    Morgan Stanley Private Markets
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    Financial Planning
    Morgan Stanley Financial Planning can show you a single, comprehensive snapshot of your finances. We can help you create a wealth plan that’s adaptable to the different stages of your life using our cutting edge tools- Goals Planning System (GPS) and LifeView.
    Morgan Stanley Goals-Based Wealth Management
    Alternative Investments
    Alternative Investments
    Our leading alternatives platform offers 200+ 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. From simplified vehicles available more broadly to institutional strategies, the platform supports a goals-based approach for asset allocation tailored to investor needs.
    Morgan Stanley Alternative Investments
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    Insured Solutions
    As a leader in the distribution of insurance and annuities, our offerings include disability, long-term care and property & casualty insurance, as well as fixed, indexed and variable annuities. Morgan Stanley offers these products in conjunction with its licensed insurance agency affiliates.
    Morgan Stanley Insured Solutions
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    Retirement Advice
    Leading up to and through retirement, we identify the most appropriate ways to obtain the income you need and help ensure that you are on track to achieve your goals when sailing of into the sunset.
    Morgan Stanley Retirement Planning
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    529 Education Savings Plans
    529 plans offer a flexible, tax-advantaged way to invest for education expenses while helping to improve estate planning. Gain fiduciary oversight of your education funding strategy within the context of your broader portfolio through the exclusive Morgan Stanley National Advisory 529 Plan.
    529 Plan Options at Morgan Stanley

Our Suite of Digital Tools

Digital technology is centered on how people communicate, consume, transact and travel. Our comprehensive suite of digital tools are designed to help enhance every aspect of your financial life. Here are a few of the technologies we have to offer our clients.
    Morgan Stanley Online
    Morgan Stanley Online
    Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
    Register for Morgan Stanley Online Today
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    Total Wealth View
    Experience a holistic view of your financial landscape by integrating both your Morgan Stanley and external accounts, enhancing strategic planning and personalized advice.
    Get Started
    eDelivery
    eDelivery
    Sign up for eDelivery today and start receiving email notifications as soon as your account documents are available on Morgan Stanley Online or the Morgan Stanley Mobile App. It's quick, convenient & secure.
    Enroll Today
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    Portfolio Risk Platform
    Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
    Portfolio Risk Platform
    Digital Vault
    Digital Vault
    Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
    Get Started Today
    Total Tax 365
    Total Tax 365
    Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential, manage unrealized gains and help keep more of what you earn.
    Learn More

Insight & Updates

We strive to simplify complex financial ideas into a digestible format so that clients can truly understand the work which goes into planning for their financial future and livelihood. The resources below provide in-depth analysis on current market events and finance topics that are affecting the business world today.
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    Global Investment Office
    The Morgan Stanley Global Investment Office provides you with world-class thought leadership timely market commentary, and portfolio ideas to help guide your investment decisions.
    Morgan Stanley Portfolio Insights
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    Thoughts on the Market Podcast
    With perspective 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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    On the Markets
    Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
    Read Here
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    Morgan Stanley Research
    Through timely, in-depth analysis of companies, industries, markets and world economies, Morgan Stanley has earned its reputation as a leader in the field of investment research.
    Read More

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

Location

10960 Wilshire Blvd
Ste 2000
Los Angeles, CA 90024
US
Direct:
(310) 443-0526(310) 443-0526
Toll-Free:
(800) 648-3833(800) 648-3833
Fax:
(310) 443-0566(310) 443-0566
4350 La Jolla Village Drive
Suite 1000
San Diego, CA 92122
US
Direct:
(858) 597-7747(858) 597-7747

Meet The Coastal Front Group

Photo of Michael P Doumani

Michael P Doumani

Executive Director, Financial Advisor, Senior Portfolio Manager
Phone:
(310) 443-0559(310) 443-0559
Photo of Andrew Jurun

Andrew Jurun

Financial Advisor
Phone:
(310) 443-0555(310) 443-0555
Photo of Carmen L Delgado

Carmen L Delgado

Wealth Management Associate
Phone:
(310) 443-0582(310) 443-0582
Photo of Alice Schwartz

Alice Schwartz

Portfolio Associate
Phone:
(310) 443-0552(310) 443-0552

About Michael P Doumani

Michael was born in Los Angeles and attended Harvard School and UCLA. He is married and lives in Los Angeles, where he has been a lifelong resident. Michael’s career in the securities industry began in 1963 and has continued for over 50 years. Michel is a Senior Vice President and Financial Advisor with Morgan Stanley Wealth Management and manages over $500 million* in assets for high net worth individuals. Over the course of his long-standing career, Michael has demonstrated knowledge across a broad range of wealth management areas, including traditional and alternative investments, investment and asset allocation, and hedging and monetization. Michael is driven by helping families identify and address their unique financial needs to achieve their short and long-term financial ambitions. Michael is an active member of the Los Angeles Country Club and The Valley Club in Montecito, California. His hobbies include reading, golf and enjoying time with family and friends.

*As of June 2021

Professional Details:

• Fully Licensed Investment Professional for More Than 45 Years
• Implements Wealth Management Strategies for Clients by Concentrating on Portfolio Management
• Experienced in Equity Research, Portfolio Hedging Strategies and New Business Planning Development
• Series 7, 63 & 66 Licensed
Securities Agent: NY, AZ, WA, WY, HI, TX, NV, NM, NJ, NC, CO, CA, TN, OR, OH, CT, MA, GA, VA, UT, PA, MT, IA, FL, SC, MD, IL, ID, WI; General Securities Representative; Investment Advisor Representative
NMLS#: 1372311

About Chad B MacAllister

Chad lives in Palos Verdes Estates with his wife, Annie, and their two children, Vincent and Lucas. He brings over 15 years of experience in the securities industry, beginning his career at Second Southern Corp., a multi-corporate venture capital and real estate firm. There, he evaluated investment opportunities across public markets, real estate, and energy. In 2003, Chad joined UBS Financial Services and co-founded RJC Group, a multidisciplinary investment management team now operating as The Coastal Front Group. As an equal partner, Chad focuses on portfolio management and asset allocation. In 2009, the team transitioned to Morgan Stanley Smith Barney, where they continue to serve clients today.

Chad holds the title of Senior Portfolio Management Director, a distinction recognizing top-tier investment expertise and leadership across the industry. He is also a member of the Morgan Stanley Business Owners Executive Council, an honor reserved for leading advisors working with business owners. Chad is passionate about helping families and individuals achieve long-term success through tailored portfolio and financial planning strategies.

Outside of work, Chad remains active in his community and children’s lives. He has coached Lucas’ baseball and soccer teams for years and manages Vincent’s tennis tournaments across Southern California. He currently serves on the Boards of the Palos Verdes Little League, Malaga Cove Homeowners Association, PVE Foundation, and the Southern California Tennis Association Investment Committee. A past President of the Palos Verdes Tennis Club, Chad also advises several Autism outreach organizations. He earned a double major in Economics and Environmental Studies from the University of San Diego, where he was President of the Omicron Delta Epsilon Economics Club and a member of the associated honor society
Securities Agent: MT, CT, CO, CA, MD, MA, GA, TX, OR, NY, NV, HI, PA, IL, ID, TN, WA, NJ, MO, FL, AZ, VA, NC, OH, IA, WY, WI, UT, SC, NM; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1275614

About Robert F Hill

Bobby lives in Pacific Palisades with his wife and their beloved dog Kiki. In their spare time, they enjoy being active by hiking, golfing, and playing volleyball at the beach. Bobby holds a bachelor’s degree in Business Administration from the University of Pepperdine. He began his career in the securities industry at Bateman Eichler Hill Richards, an Investment Bank based out of Downtown Los Angeles. During his time at Bateman Eichler Hill Richards, Bobby served as a broker and relationship manager. Bobby later went to work at Paine Weber & Co., which was acquired by UBS Financial Services in 2000. While at UBS, Bobby co-founded a multidisciplinary investment management team, formerly RJC Group, now doing business as The Coastal Front Group. He is an equal partner, adding a focus on relationships, client development, and fixed income. The RJC Group, left UBS Financial Services in 2009 to join Morgan Stanley Smith Barney where they reside today. Bobby is dedicated to providing prudent financial advice and the highest levels of customer service to the clients and families that he works with. In his over 40 years of experience, Bobby has come to find and cherish that many of his business relationships have originated from friendships made across many states and countries.

Professional Details:
• Licensed Investment Professional for Over 40 Years
• Bobby Prides Himself on Understanding Goals, Values and Estate Issues of Clients as well as the Portfolio Management of Taxable Fixed Income
• Series 7 & 63 Licensed
• Insurance Licensed
• Life, Health & Annuity Insurance Licensed
Securities Agent: NJ, WI, NY, MA, GA, PA, OR, NC, AZ, WY, WA, IL, CT, SC, IA, UT, OH, MT, MD, ID, HI, VA, TN, NV, NE, MO, TX, CA, FL, CO; General Securities Representative; Investment Advisor Representative
NMLS#: 1253228

About Sandra R. Gordon

Sandra lives in Poway with her husband Clint, and their fur child, Otto. Sandra graduated from San Diego State University with a major in Business Administration, with an emphasis in Finance. During her time at SDSU she served as a two term VP of Finance for her Sorority. Sandra comes to the financial services industry with a background in taxation, where she worked at a tax accounting firm producing complex tax returns for individuals and business owners. As a strong believer in continuing education and cutting-edge knowledge, she has added to her skillset over her decade plus at the firm by acquiring an Executive Financial Planning Certificate from San Diego State University, has become a Senior Portfolio Manager, Financial Planning Specialist, Workplace Advisor – Equity Compensation Specialist, and is a long-time CERTIFIED FINANCIAL PLANNER™. When not working you can find her at the beach, camping around both State and National Parks or Forests, or out and about San Diego at dog friendly restaurants and breweries. Sandra believes in giving back, and has served in numerous roles as a coach and advisor for her collegiate sorority at SDSU and continues to serve as the VP of the Gamma Alpha of Alpha Phi House Corporation Board, and is the long time President for her beach condo complex's Homeowners Association.
Securities Agent: TX, GA, UT, NV, ID, CT, VA, PA, DC, MT, MO, IL, WY, WA, SC, HI, AZ, AK, NJ, MD, MA, FL, CA, KS, NY, NC, MN, TN, OR, CO, WI, IA; General Securities Representative; Investment Advisor Representative
NMLS#: 1290595
CA Insurance License #: 0I47808

About Clayton M. Hill

Clayton joined The Coastal Front Group in 2021 and works closely with Chad MacAllister and Carmen Delgado. He is a Pepperdine alumnus and holds a degree in Political Science with an emphasis on International Relations. During his last two years at Pepperdine, he worked in residential real estate which led him to pursue a career in commercial real estate before joining Morgan Stanley. Clayton has an affinity for fostering and maintaining lasting relationships, old and new. At an early age, Clayton demonstrated leadership skills when he earned his Eagle Scout ranking before the age of 17. When he is not working, he enjoys golfing, beach volleyball, skiing and reading. In addition, Clayton strives to consistently demonstrate grit, diligence, and tenacity in his professional career.

Professional details:
• Series 7, 66, & SIE Licensed
• NMLS: 2380607
Securities Agent: WY, WI, UT, TX, TN, SC, PA, OR, OH, NV, NM, NJ, MT, MO, MD, MA, IN, IL, ID, IA, HI, GA, FL, DC, CT, CO, CA, NC, AZ, WA, VA, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 2380607

About Andrew Jurun

Securities Agent: IA, MD, MA, ID, CT, WI, PA, CO, CA, AZ, WY, NJ, MS, IL, FL, TX, SC, NY, WA, TN, NC, AR, VA, OR, NV, NH, MT, KS, HI; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 314221

About Carmen L Delgado

Growing up in Los Angeles, Carmen lives in Santa Clarita with her husband, Noel, and twins, Roman and Olivia. Outside of the office, Carmen enjoys spending time and entertaining family and friends. Drawing on nearly 16 years of industry experience, Carmen is committed to providing every client with the highest level of personal service, she focuses on exceeding client expectations. Carmen strives to ensure a stress-free experience for clients by creating streamlined processes and leading a coordinated effort amongst the team. Carmen provides support to the team by maintaining and strengthening strong client relationships. As the administrative leader for the team, she is responsible for a broad array of client services, including the handling of estate issues, retitling assets, executes trades for transactional clients, and helps to prepare the Quarterly Performance Reports. She maintains her Series 7, 66 and 31 securities licenses.

Professional details:
• 16 Years of Industry Experience
• Series 7, 66, & 31 Licensed

About Alice Schwartz

Alice has worked in various capacities in the Financial Services industry with more than 35 year experience.
She received her BA in French Literature from UCLA and holds series 7, 63 and 64 securities registrations.
She enjoys dance and continues to take ballet classes. Alice is married and enjoys spending time with family.

Awards and Recognition

Forbes Best-In-State Wealth Management Teams
Forbes Best-In-State Wealth Management Teams Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24.
Wealth Management
Global Investment Office

Portfolio Insights

Read More about On the Markets
Read "On the Markets"
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Equity Compensation

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

  • Vesting events
  • Option expirations
  • Restricted stock units
  • Tax implications

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
Learn More about Retirement
A Simple Six-Step Retirement Checkup
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A Simple Six-Step Retirement Checkup

Checking in on your retirement plan may make a lot of sense, especially when market volatility arises.

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
Learn More about Investing
Rational Investing in an Age of Uncertainty
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Rational Investing in an Age of Uncertainty

When it comes to investing, even the most savvy of us fall prey to bias and emotional trades. So what triggers should you watch for?

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
Learn More about Family
529 Plans: A Powerful Tool to Save for Education
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529 Plans: A Powerful Tool to Save for Education

Though education costs continue to climb, starting to save and invest early can make a difference.

Business Planning

Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
  • Succession Planning
  • Business Planning
  • Qualified Retirement Plans
Learn More about Business Planning
Financial Planning for Life After Selling a Business
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Financial Planning for Life After Selling a Business

Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

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
Learn More about Philanthropy
Donor Advised Funds: A Smart Way to Manage Your Giving
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Donor Advised Funds: A Smart Way to Manage Your Giving

There's more to charitable giving than you may realize. Here's one method that may be a tax-efficient way to give and can help maximize your impact.

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.
Learn More about Financial Wellness
The Business Case for a Financially Resilient Workforce
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The Business Case for a Financially Resilient Workforce

In the face of turbulent markets, the word “resilience” may be top of mind. Broadly speaking, resilience is the ability to “bounce back” when encountering life’s inevitable challenges.
Ready to start a conversation? Contact The Coastal Front Group today.
Market Information Delayed 20 Minutes
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. 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.

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2Morgan 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.

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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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4Morgan 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.

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5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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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6Products 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.

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7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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8Morgan 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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9Morgan 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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10When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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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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 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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12Morgan 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.
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 and other legal matters.

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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.

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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)