Mark H Felder, CFA
Executive Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(410) 736-5512(410) 736-5512
The Cresfort Investment Group at Morgan Stanley
Our Mission Statement
The Cresfort Mission is to provide a professional investment management relationship with a personalized and comprehensive approach to the clients of Morgan Stanley Financial Advisors.
About Cresfort
The Cresfort Investment Group is an all-cap equity, fixed income, and balanced professional portfolio manager. Cresfort manages more than $3.3 billion in client assets (as of June 2023).
The Cresfort Investment Group was founded in 1995 by Mark Felder as an institutional portfolio management solution for the clients of Legg Mason Financial Advisors, known as Legg Mason Portfolio Management.
Cresfort has active relationships with over 200 Morgan Stanley FA teams. Cresfort’s professional investment management services are available exclusively to the clients of Morgan Stanley Financial Advisors.
Cresfort's ten-member team includes eight portfolio managers with professional investment management experience spanning more than 30 years on average; seven PMs have obtained the Chartered Financial Analyst™ (CFA®) designation.
Cresfort currently resides within Morgan Stanley’s Wealth Management Division with a presence in two locations: Baltimore, MD and Charlotte, NC.
For the past four decades, the Portfolio Management Group has addressed the needs of high net worth individuals and institutional clients, creating customized investment strategies, portfolios and solutions. Our portfolio managers represent a select group
of Financial Advisors who are qualified by the firm to manage your assets based
on training, experience and commitment to client service. They bring a disciplined
approach to managing your portfolio and a focus to investing.
Your portfolio in the Portfolio Management program is designed to help meet your specific financial needs and is managed on a fully discretionary basis by your Portfolio
Manager. Leveraging the global resources of Morgan Stanley, your Portfolio Manager monitors the events that affect your financial objectives. He or she also studies trends and developments that shape the investment environment, drive the economy and ultimately impact your portfolio’s performance. You’ll find that your Portfolio Manager’s
experience, training and investment philosophy offer guidance—both in ongoing portfolio management decisions and understanding investment risk while keeping your longterm goals in view.
Your Portfolio Manager works closely with you to understand your needs while maintaining the focus and discipline necessary to guide your portfolio in the most challenging market cycles. A disciplined four-step investment process underpins the program and helps to develop a long-term perspective about building and managing wealth.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
The Cresfort Investment Group was founded in 1995 by Mark Felder as an institutional portfolio management solution for the clients of Legg Mason Financial Advisors, known as Legg Mason Portfolio Management.
Cresfort has active relationships with over 200 Morgan Stanley FA teams. Cresfort’s professional investment management services are available exclusively to the clients of Morgan Stanley Financial Advisors.
Cresfort's ten-member team includes eight portfolio managers with professional investment management experience spanning more than 30 years on average; seven PMs have obtained the Chartered Financial Analyst™ (CFA®) designation.
Cresfort currently resides within Morgan Stanley’s Wealth Management Division with a presence in two locations: Baltimore, MD and Charlotte, NC.
For the past four decades, the Portfolio Management Group has addressed the needs of high net worth individuals and institutional clients, creating customized investment strategies, portfolios and solutions. Our portfolio managers represent a select group
of Financial Advisors who are qualified by the firm to manage your assets based
on training, experience and commitment to client service. They bring a disciplined
approach to managing your portfolio and a focus to investing.
Your portfolio in the Portfolio Management program is designed to help meet your specific financial needs and is managed on a fully discretionary basis by your Portfolio
Manager. Leveraging the global resources of Morgan Stanley, your Portfolio Manager monitors the events that affect your financial objectives. He or she also studies trends and developments that shape the investment environment, drive the economy and ultimately impact your portfolio’s performance. You’ll find that your Portfolio Manager’s
experience, training and investment philosophy offer guidance—both in ongoing portfolio management decisions and understanding investment risk while keeping your longterm goals in view.
Your Portfolio Manager works closely with you to understand your needs while maintaining the focus and discipline necessary to guide your portfolio in the most challenging market cycles. A disciplined four-step investment process underpins the program and helps to develop a long-term perspective about building and managing wealth.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Cresfort offers discretionary personalized portfolio management by creating truly customized portfolios of individual securities, that are specifically tailored to each client's unique investment goals, objectives, and risk tolerance.
We aim to deliver the highest level of service to Morgan Stanley Financial Advisors and their clients. This strategic relationship has been the cornerstone of our success for over 28 years. We build true long-term investment relationships with clients through our customized approach which is readily adaptable as their needs and circumstances change over time.
Our customized, individual security approach readily adapts to any personal or institutional mandate, and can fill potential gaps left by mutual funds, ETFs, or separate account models. Examples of our specific capabilities include:
Single stock restrictions
Category requirements, such as market cap or ESG/Sustainability criteria
Capital gains restrictions
Specific income requirements
Concentrated and/or low basis positions
We seek to provide the most tax efficient portfolio management for each client’s specific tax situation, including strategically taking gains and harvesting losses year-round, handling legacy asset transitions, and managing around external tax issues.
Cresfort's history demonstrates its management of customized portfolios on a large scale for several decades over multiple market cycles.
Our account minimum is $500,000.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
Past performance of any security is not a guarantee of future performance. There is no guarantee that this investment strategy will work under all market conditions.
The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
We aim to deliver the highest level of service to Morgan Stanley Financial Advisors and their clients. This strategic relationship has been the cornerstone of our success for over 28 years. We build true long-term investment relationships with clients through our customized approach which is readily adaptable as their needs and circumstances change over time.
Our customized, individual security approach readily adapts to any personal or institutional mandate, and can fill potential gaps left by mutual funds, ETFs, or separate account models. Examples of our specific capabilities include:
Single stock restrictions
Category requirements, such as market cap or ESG/Sustainability criteria
Capital gains restrictions
Specific income requirements
Concentrated and/or low basis positions
We seek to provide the most tax efficient portfolio management for each client’s specific tax situation, including strategically taking gains and harvesting losses year-round, handling legacy asset transitions, and managing around external tax issues.
Cresfort's history demonstrates its management of customized portfolios on a large scale for several decades over multiple market cycles.
Our account minimum is $500,000.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.
Past performance of any security is not a guarantee of future performance. There is no guarantee that this investment strategy will work under all market conditions.
The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
Contact Your Morgan Stanley Financial Advisor for Additional Information
Our services are available to the public only through a Morgan Stanley Financial Advisor. If you need help finding an appropriate Financial Advisor, you are welcome to contact us for a referral.
Contact Cresfort
Email: CresfortInvGroup@MorganStanley.com
Tel: (410) 736-5500
Tel: (410) 736-5500
Location
1201 Wills Street
Ste 700
Baltimore, MD 21231
US
Direct:
(410) 736-5500(410) 736-5500
Meet The Cresfort Investment Group
Michael J Walker, CFA
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(410) 736-5503(410) 736-5503
Mark N McCall, CFA
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(704) 896-9101(704) 896-9101
Beth E Bartz
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(410) 736-5505(410) 736-5505
Eric S Franz, CFA
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(410) 736-5504(410) 736-5504
Russell Phelps, CFA
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(410) 736-5506(410) 736-5506
Blake McCall, CFA
Financial Advisor, Portfolio Manager
Phone:
(704) 442-3473(704) 442-3473
Janice M. Wade
Team Administrator
Phone:
(410) 736-5511(410) 736-5511
Stephen Azar, CFP
Portfolio Management Associate
Phone:
(410) 736-5507(410) 736-5507
About Mark H Felder
Mark H. Felder, CFA, is the founder of The Cresfort Investment Group at Morgan Stanley. He is Senior Portfolio Management Director, Financial Advisor and Executive Director, a position he has held at Morgan Stanley and predecessor firms since 1995. From 1992 to 1995, Mark was the Director of Research at the Rothschild Company, a Baltimore-based investment advisory firm, where he served on the firm’s investment committee and was responsible for investment policy and security selection. From 1984 until 1992, he was an Equity Research Analyst at Legg Mason Wood Walker, Inc. focusing on the health care, distribution and retail industries. From 1981 to 1984, Mark was a Securities Analyst at National Bank of Detroit (now JP Morgan Chase & Co.). He is a graduate of the J.L. Kellogg Graduate School of Management at Northwestern University (1981) and of Drexel University (1980) where he received highest honors. Mark received his Chartered Financial Analyst (CFA) designation in 1984. He has served as President, Vice President, Treasurer, and Board Member of the Baltimore CFA Society. Mark has 42 years of professional experience in the investment industry as an Analyst, Director of Research, and Portfolio Manager. He is experienced in managing personal, retirement, foundation, and pension/profit sharing accounts.
Securities Agent: WY, WV, WI, VT, VA, UT, TN, SD, SC, PA, OR, OK, OH, NY, NV, NM, NH, NE, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, IA, NJ, HI, GA, FL, DE, DC, CT, CO, RI, CA, AZ, AR, TX, AL, AK, WA; General Securities Representative; Investment Advisor Representative
About Michael J Walker
Michael J. Walker, CFA, is Portfolio Management Director and Financial Advisor for Morgan Stanley*. Previously, Mike served as Chief Investment Officer for Oak Tree Portfolio Management from 1992 to 1999. He was also the Director of Research for Oak Tree’s parent, Chapin, Davis Inc., from 1990 to 1996. As Chief Investment Officer, Mike was responsible for investment policy and individual security selection. From 1984 to 1990, Mike was an Equity Research Analyst for Legg Mason focusing on special situations and the transportation industry. From 1981 to 1984, Mike followed transportation securities for Alex Brown & Sons. He earned a Masters of Business Administration from the Kenan-Flagler School at the University of North Carolina in 1981 and Bachelor of Arts from Middlebury College in 1976. Mike received his Chartered Financial Analyst (CFA) designation in 1986. Mike has 42 years of professional experience in the investment industry as an Analyst and Portfolio Manager.
Securities Agent: NM, WY, OK, WA, WI, NE, NY, VT, ME, OH, OR, PA, NJ, SD, VA, NH, RI, WV, TN, UT, TX, MS, SC, NV, NC, MT, MI, MN, IN, MO, KY, ND, FL, MD, GA, HI, MA, AR, KS, ID, IA, IL, LA, CO, AK, AZ, CT, DC, DE, CA, AL; General Securities Representative; Investment Advisor Representative
About Mark N McCall
Mark has been a part of the Cresfort Investment Group since 2003. Prior to joining Cresfort, Mark was a Senior Portfolio Manager with Paladin Investment Associates managing the firm’s large-capitalization equity products. In previous roles, Mark progressed from equity analyst to Director of Equity Research to Portfolio Manager at Bank of America (and predecessor organizations). Mark received his MBA from the Kenan-Flagler School at the University of North Carolina in 1983 and a B.S. in Mathematical Economics from Wake Forest University. Mark holds his Chartered Financial Analyst (CFA) designation and has 36 years of professional experience in the investment industry.
Securities Agent: MD, AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY; General Securities Representative; Investment Advisor Representative
About Beth E Bartz
Beth Bartz is Portfolio Management Director and Financial Advisor for Morgan Stanley*. Beth is the team’s Fixed Income Portfolio Manager. Her responsibilities include managing 100% fixed income accounts in addition to the fixed income portion of balanced portfolios. Prior to joining the group in 2004, Beth was a Vice President and Portfolio Manager at Vanderbilt Capital Advisors, LLC, in New York, NY, responsible for managing a total rate of return corporate bond portfolio for over 5 years. At Vanderbilt, Beth was responsible for developing and implementing overall portfolio strategic decisions focusing on relative value, individual client investment objectives, and benchmark indices of each portfolio. From 1992 to 1997, Beth worked for Alex Brown and Sons, Inc. in Mortgage- and Asset-Backed trading for both Retail and Institutional Clients. Beth graduated in 1991 with a Bachelor of Business Administration degree in Finance from Loyola University Maryland. Beth has worked in fixed income for 31 years as a Portfolio Manager and Trader.
Securities Agent: MT, AK, AL, AR, AZ, CA, CO, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY; General Securities Representative; Investment Advisor Representative
About Eric S Franz
Eric S. Franz, CFA, is Senior Portfolio Manager and Financial Advisor for Morgan Stanley*. Eric re-joined Cresfort (previously LMPM) in 2004 as a Portfolio Manager. Previously, he was a Portfolio Specialist with Legg Mason Institutional Funds from 2002 to 2004. Prior to this, he was employed with Legg Mason Portfolio Management as an Associate Portfolio Manager and Equity Analyst, with Carroll Financial Associates as an Assistant Portfolio Manager and Equity Analyst, and with T. Rowe Price Associates. He received a Master of Science in Finance from Loyola University Maryland in 1998 and a Bachelor of Science from Towson University in 1992. He received his Chartered Financial Analyst (CFA) designation in 2003 and is a member of the CFA Institute and the Baltimore CFA Society. Eric has 30 years of professional experience in the investment industry as an Analyst and Portfolio Manager.
Securities Agent: MD, ME, LA, KY, AR, MN, WV, NY, VA, WY, VT, IN, TN, NH, OK, DC, NV, NM, UT, AK, NC, ND, RI, OH, CO, NE, IL, PA, WA, WI, SD, OR, TX, MO, SC, IA, DE, MT, MS, ID, NJ, KS, MI, GA, MA, CA, CT, FL, HI, AZ, AL; General Securities Representative; Investment Advisor Representative
About Russell Phelps
Russell A. Phelps, CFA, is Portfolio Management Director and Financial Advisor for Morgan Stanley*. Russ has 23 years of experience in the investment industry as an Analyst, Director of Research, and Portfolio Manager. Prior to joining Cresfort (previously LMPM) in 2000, Russ worked for 15 years as an Engineer and Sales Engineer in the semiconductor and electronics industries. Russ received an MBA from the University in Maryland with a concentration in Finance and Accounting in 1995 and a Bachelor of Science in Engineering from Loyola University Maryland in 1986. He received his Chartered Financial Analyst (CFA) designation in 2006 and is a member of the CFA Institute and the Baltimore CFA Society.
Securities Agent: WY, WV, WI, WA, VT, VA, TX, TN, SD, RI, PA, OR, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MS, MO, OK, MN, MI, ME, SC, MD, MA, LA, UT, KY, KS, IN, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL, AK; General Securities Representative; Investment Advisor Representative
About Blake McCall
Blake McCall, CFA, is a Financial Advisor and Portfolio Manager for Morgan Stanley. Blake utilizes his background in equity research to craft bespoke portfolios tailored to individual client goals, specializing in tax-efficient investing. Whether strategizing cash raises or investing new funds, he thrives on navigating the complexities of wealth management with a focus on client satisfaction and financial success. He holds a B.S. in Financial Management from Clemson University and received his Chartered Financial Analyst (CFA) designation in 2020 and is a member of the CFA Institute and the CFA Society of North Carolina.
Securities Agent: IA, ID, IN, KS, ME, MT, RI, UT, VT, WI, SC, WA, WY, OH, IL, MD, DE, NJ, WV, VA, TX, TN, PA, OR, OK, NY, NV, NM, NH, NE, NC, MS, MO, MN, MI, MA, LA, KY, HI, GA, FL, DC, CT, CO, CA, AZ, AR, AL, AK; General Securities Representative; Investment Advisor Representative
About Janice M. Wade
- Began career in the investment industry in 1995
- Responsible for marketing, proposals, administrative duties and internal operations for Cresfort team
- Provides client services to Morgan Stanley Portfolio Managers, Financial Advisors and Admin Associates
- 1997-Present: Member of The Cresfort Investment Group at Morgan Stanley (and predecessor Firms) as a Senior Client Service Associate
- 1995-1997: Legg Mason, Inc. - Office Manager for Investment Management Services
- 1993: B.S. in Education from Northeastern University in Boston, MA
- Responsible for marketing, proposals, administrative duties and internal operations for Cresfort team
- Provides client services to Morgan Stanley Portfolio Managers, Financial Advisors and Admin Associates
- 1997-Present: Member of The Cresfort Investment Group at Morgan Stanley (and predecessor Firms) as a Senior Client Service Associate
- 1995-1997: Legg Mason, Inc. - Office Manager for Investment Management Services
- 1993: B.S. in Education from Northeastern University in Boston, MA
About Stephen Azar
- Began career in the investment industry in 2012
- Responsible for marketing efforts, internal operations and constructing proposals for Cresfort team
- Provides client services to Morgan Stanley Portfolio Managers, Financial Advisors and support staff
- 2018-Present: Member of The Cresfort Investment Group at Morgan Stanley as a Portfolio Management Associate
- 2015-2018: Financial Solutions Advisor at Merrill Lynch Wealth Management
- 2012-2015: Financial Advisor at Merrill Lynch Wealth Management
- 2012: B.S. in Finance from Elon University
- Holds Series 7 & 66 licenses
- Responsible for marketing efforts, internal operations and constructing proposals for Cresfort team
- Provides client services to Morgan Stanley Portfolio Managers, Financial Advisors and support staff
- 2018-Present: Member of The Cresfort Investment Group at Morgan Stanley as a Portfolio Management Associate
- 2015-2018: Financial Solutions Advisor at Merrill Lynch Wealth Management
- 2012-2015: Financial Advisor at Merrill Lynch Wealth Management
- 2012: B.S. in Finance from Elon University
- Holds Series 7 & 66 licenses
Contact Mark H Felder
Contact Michael J Walker
Contact Mark N McCall
Contact Beth E Bartz
Contact Eric S Franz
Contact Russell Phelps
Contact Blake McCall
Wealth Management
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1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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)
