William H Waggoner, CFP®
Senior Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(408) 358-0987(408) 358-0987
The Alpine Ascent Group at Morgan Stanley
Direct:
(408) 358-0971(408) 358-0971
Toll-Free:
(888) 686-0988(888) 686-0988
Our Mission Statement
With a commitment to white-glove service, multigenerational financial planning, and customized investment solutions, we help you and your family use your wealth to create the lifestyle and legacy you envision.
Welcome
The wealth you have created is far more than the assets you have accumulated. Your wealth is the sum of your life experiences and the ideals you value most, as well as the people, interests and goals that bring you joy. You've worked hard to get to where you are, as well as support and protect the ones you love. We are dedicated to working just as hard on your behalf to help you grow, preserve and share the wealth you have achieve.
The Alpine Ascent Group at Morgan Stanley understands that your finances are only one part of your story. Our 60+ years of combined experience, paired with the vast suite of resources Morgan Stanley has to offer, allows us to create a personalized wealth management plan that encompasses every aspect of your financial life, encompassing both your short and long term objectives.
We build long-term relationships that go beyond exclusively the financial: Our goal is to earn your trust and to help you achieve the ambitions you have for yourself and your family. We want to hear your values, concerns and aspirations in order to help create a lifestyle and legacy you envision.
We look forward to learning more about you and discuss how we can help you build the future you want for you and your family.
The Alpine Ascent Group at Morgan Stanley understands that your finances are only one part of your story. Our 60+ years of combined experience, paired with the vast suite of resources Morgan Stanley has to offer, allows us to create a personalized wealth management plan that encompasses every aspect of your financial life, encompassing both your short and long term objectives.
We build long-term relationships that go beyond exclusively the financial: Our goal is to earn your trust and to help you achieve the ambitions you have for yourself and your family. We want to hear your values, concerns and aspirations in order to help create a lifestyle and legacy you envision.
We look forward to learning more about you and discuss how we can help you build the future you want for you and your family.
Services Include
- Financial PlanningFootnote1
- Professional Portfolio ManagementFootnote2
- Alternative InvestmentsFootnote3
- Stock Option PlansFootnote4
- Cash Management and Lending ProductsFootnote5
- 401(k) Rollovers
- Planning for Education FundingFootnote6
- Estate Planning StrategiesFootnote7
- AnnuitiesFootnote8
- Long Term Care InsuranceFootnote9
- Structured ProductsFootnote10
- Municipal BondsFootnote11
- 529 PlansFootnote12
- UGMA/UTMAFootnote13
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 allows us to work with you to craft a solution that helps meet your individual needs. This process aligns our efforts with your interests, providing a road map focused on what is most important to you.
Step 1: Introductory Meeting
Our relationship begins with an initial discussion aimed towards getting to know you, your lifestyle, and your future goals. We use this conversation as a baseline in order to learn who you are, what you do, and how we can help.
Step 2: Discovery Meeting
During the discovery meeting, we will work together to establish your financial goals by reviewing your current financial situation and developing an appropriate risk tolerance that can help you achieve the financial outcome you envision for yourself. This analysis allows us to better understand what investment vehicles and Morgan Stanley resources would be most applicable. We take all aspects of your life into account in order to establish a path towards your short and long term goals.
Step 3: Financial Plan Presentation
Financial plan presentations map out essential factors that play into your financial success such as your employee and employer contributions, liquidity events, and insurance coverage. Examining relevant financial information provides a holistic asset allocation analysis for your accounts, helping ensure a comprehensive financial plan.
Step 4: Action Items / Next Steps
After the financial plan presentation, we will follow up with you regarding your analysis and recommendations, which may include adjustments to your financial plan, investment allocation, company benefits and insurance coverage.
Step 5: Implementation Meeting
The implementation meeting focuses on creating prospective strategies custom designed for your specific needs. Recommended changes could include logistics, tax impact, asset allocation adjustments, and saving/benefit modifications.
Step 6: Monitoring & Performance Tracking
Finally, we will be constantly monitoring your assets and analyzing your performance tracking data seeking to ensure your financial expectations are being met and adjusted accordingly. We will keep a high degree of communication with you to make sure your concerns and requests are always addressed. In the event of financial, life, or relationship changes, we will work with you to adjust in order to keep your goals intact.
Financial planning can be an extensive and tedious process if not done properly, and we are here to help! We focus on the following key areas of financial planning, with ongoing review and updates as your life, goals, and needs evolve.
Interactive Retirement Planning
With an understanding of both sides of the balance sheet, as well as your lifestyle and goals, we create interactive financial plans that allow us to account for every aspect of your financial life leading up to and through retirement. By monitoring and updating this plan throughout your life, we help ensure that you have the income and resources to live out the lifestyle you envision, while accounting for the unexpected.
Tailored Lending
We help our high net worth clients with customized lending solutions that can be used to enhance liquidity, finance asset acquisition, and protect wealth. We use a dedicated team of experienced lenders to evaluate your individual profile to structure solutions to fit your needs. Lending can help you access financing that can be better suited to your individual circumstances.
Custom Portfolio Management
While there are certain key tenants of investing that tend to lead to success, we firmly believe that great investment management cannot have a cookie-cutter approach. We know that no two clients are the same, and so every portfolio is custom, purpose-built to fit your individual investment style, preferences, goals and desires. Like your financial plan, our portfolios are actively monitored and adjusted to change not just according to the markets, but your life and evolving needs.
Cash Flow and Savings
We know investments are just one building block on the road to financial success – cash flow projection and management is another. Whether it's buying a home, saving for college, leveraging your investments for liquidity, or myriad other ways in which we spend our hard-earned dollars, we want to help you find the best way to save and invest in tandem as you strive to meet your financial goals.
Legacy/Estate Planning
While wealth accumulation and preservation are vital facets of our financial lives, planning for the legacy we leave behind is just as important. Whether you plan to pass wealth to your heirs, foundations, or charities, we work together with you and your estate attorneys to ensure that your wishes are met in the most efficient and cost-effective way possible.
Tax Efficient Advice and Execution
Tax-Efficient Investment Management can have a significant impact on after-tax returns, particularly for clients in the top tax brackets. Which this in mind, along with actively tax managed portfolios that tax-loss harvest on a regular basis, we have numerous strategies available to clients to minimize taxes when dealing with highly appreciated stock. We will often work in conjuncture with your CPA (and can refer one if needed), to ensure a cohesive tax management strategy.
Concentrated Stock Positions
Here in the Bay Area, we understand that many clients may have accumulated large portions of their wealth in one or a handful of companies. While these concentrated stock positions can benefit our clients, it is important to understand and manage the associated risks. We help our clients create and execute multi-faceted plans to lower their risk in concentrated stock positions over time, in a tax-efficient way.
Real Estate
Private Real Estate's goal is to diversify your portfolio with a non-correlated, inflation-resistant real asset which can provide tax advantaged income as well as potential for appreciation. The funds we use are well diversified by both property type and location, focused on high quality assets with high occupancy rates. Today we have a strong preference for Industrial and Multifamily housing property types, as well as Triple Net Lease.
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Private Credit
Private credit can be thought of as the private equivalent to bonds – these investments are income focused, and serve the purpose of further reducing correlation and volatility in your portfolio. Today, we want to focus on 100% floating rate (to hold up against rising rates), and maximize 1st lien senior secured (collateralized and 1st to be paid in the event of insolvency) types of loans.
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Hedge Funds
Hedge funds can provide low or non-correlated sources of returns in your portfolio – we generally focus on managers that aim to provide positive returns in a variety of markets with relatively low volatility. Our primary hedge funds are typically long/short, global macro funds, and dislocation funds. These can provide profit from global macro swings, political/economic events, and when differences occur between an asset's price and it's intrinsic value.
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Private Equity
Private Equity serves as an excellent diversifier and potential return enhancer in one’s portfolio. Particularly, as analysts predict that companies will stay private longer, and public market return expectations decline compared with the past decade, we believe Private Equity can provide clients with excellent risk/reward metrics when compared to public markets. We have the ability to invest clients in both true Private Equity, where our clients become Limited Partners, as well as in a more accessible “Evergreen” structure with lower minimums, 1099 tax reporting, and more frequent liquidity.
Learn MoreResearch and Insights
We want to provide you with the most recent, timely, and important information so you can feel informed and educated during these difficult times. We will be periodically update these links in order to keep the most important information top of mind.
Intelligent Withdrawals and Tax Loss Harvesting
Taking profits seems like the best part of investing, but taxes can add up. Our new analytics tool can help investors tap their portfolios in tax-savvy ways.
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Giving the Gift of Education
Looking for a more meaningful gift this year? Consider these strategies when gifting to your children or grandchildren - the gift of education—through a 529 plan.
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Six Step Retirement Check Up
We’ll help you understand the fundamentals of finance and put your resources to work, so you can plan, invest, and ultimately transition to retirement with confidence.
Learn More
5 Mistakes to Avoid in Retirement
How you plan your finances in retirement may be just as important as the process of saving for retirement. Here are some key considerations.
Learn MoreLocation
16000 Los Gatos Blvd
Los Gatos, CA 95032
US
Direct:
(408) 358-0971(408) 358-0971
Toll-Free:
(888) 686-0988(888) 686-0988
Meet The Alpine Ascent Group
Julia Kuzmenko, CAIA
Financial Advisor, Senior Vice President, Wealth Management, Alternative Investments Director, Chartered Alternative Investment Analyst
Phone:
(408) 358-0971(408) 358-0971
Kelly Kesden
Assistant Vice President, Wealth Management Analyst
Phone:
(408) 358-0962(408) 358-0962
About William H Waggoner
With nearly 31 years of business experience, including over 20 years in the securities business, Bill Waggoner focuses on helping clients gain confidence in their financial well-being so they can focus on other important aspects of their lives. His goal is to understand each client’s unique needs and concerns, and to leverage his knowledge and the resources of Morgan Stanley to help them achieve their aspirations. Bill believes advice should be comprehensive in nature, yet tailored to each client’s long-term goals and aligned with their life values. Over the years, this approach has enabled him to build meaningful, long-lasting relationships with his clients and their families that are founded on trust.
For Bill, helping people feel more secure about their financial future is not just a job – it his mission. Bill’s father passed away at a young age, so Bill experienced the anxiety and uncertainty that comes with losing the financial center of a family. This empathy is the cornerstone of the exceptional service he provides to our clients.
Bill joined Morgan Stanley in 2000 from Paine Webber. He earned his Bachelor of Science from University of the Pacific. He is also a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Retirement Planning CounselorSM and Retirement Income Certified Professional®.
Long-time residents of Los Altos, California, Bill and his wife, Kelly, have been married since 1995. They have two children, Shane and Sophie. Bill enjoys coaching, working out, running, skiing and spending time with his family.
For Bill, helping people feel more secure about their financial future is not just a job – it his mission. Bill’s father passed away at a young age, so Bill experienced the anxiety and uncertainty that comes with losing the financial center of a family. This empathy is the cornerstone of the exceptional service he provides to our clients.
Bill joined Morgan Stanley in 2000 from Paine Webber. He earned his Bachelor of Science from University of the Pacific. He is also a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Retirement Planning CounselorSM and Retirement Income Certified Professional®.
Long-time residents of Los Altos, California, Bill and his wife, Kelly, have been married since 1995. They have two children, Shane and Sophie. Bill enjoys coaching, working out, running, skiing and spending time with his family.
Securities Agent: IL, AZ, AR, WA, TX, NY, HI, FL, NV, SC, OR, NJ, NC, GA, DC, WI, PA, ME, KY, OH, MA, LA, CO, UT, MO, CA, MS, MI, MD, ID, VI, VA; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1131815
CA Insurance License #: 0B20083
NMLS#: 1131815
CA Insurance License #: 0B20083
About Julia Kuzmenko
A Financial Advisor and Senior Vice President with the firm, Julia is also an Alternative Investments Director and a Chartered Alternative Investments Analyst. She works with a wide array of clients with particular focus in the following areas:
• Multi-generational financial planning & education
• Tax-efficient Investment Management
• Equity Compensation & Concentrated Stock Positions
• Private Alternative Investments like Infrastructure, Real Estate, Credit, Hedge Funds & Private Equity
Julia has been with the firm and our team since she graduated Cum Laude from American University Washington DC, with a triple major in Economics, Finance, and International Studies. She started as a Client Service Associate and Analyst, obtained all her licenses, and earned the trust and respect of our clients through a unique combination of enthusiasm, efficiency, and exceptional service.
Julia studied abroad in Oxford, England and was a rower both for American University and Oxford’s LMH women’s teams. Rowing requires and exemplifies teamwork, self-drive, perseverance and hard work—core values that Julia continues to embody in her personal and professional life.
Julia is fluent in Russian and has traveled extensively. Her favorite destinations have been Peru, Italy, Belgium and Norway. In her free time, she enjoys hiking, climbing, dirt biking, skiing, SCUBA diving, and photography. She lives in Willow Glen with her partner and two rescued dogs – a GSD/Husky mix named Kona and a Lab mix named Milo.
• Multi-generational financial planning & education
• Tax-efficient Investment Management
• Equity Compensation & Concentrated Stock Positions
• Private Alternative Investments like Infrastructure, Real Estate, Credit, Hedge Funds & Private Equity
Julia has been with the firm and our team since she graduated Cum Laude from American University Washington DC, with a triple major in Economics, Finance, and International Studies. She started as a Client Service Associate and Analyst, obtained all her licenses, and earned the trust and respect of our clients through a unique combination of enthusiasm, efficiency, and exceptional service.
Julia studied abroad in Oxford, England and was a rower both for American University and Oxford’s LMH women’s teams. Rowing requires and exemplifies teamwork, self-drive, perseverance and hard work—core values that Julia continues to embody in her personal and professional life.
Julia is fluent in Russian and has traveled extensively. Her favorite destinations have been Peru, Italy, Belgium and Norway. In her free time, she enjoys hiking, climbing, dirt biking, skiing, SCUBA diving, and photography. She lives in Willow Glen with her partner and two rescued dogs – a GSD/Husky mix named Kona and a Lab mix named Milo.
Securities Agent: CO, WA, KY, CA, AR, UT, OR, MS, IL, HI, GA, DC, VI, VA, MD, LA, MO, FL, AZ, TX, SC, NC, MA, WI, NY, NJ, MI, ME, OH, ID, PA, NV; General Securities Representative; Investment Advisor Representative
NMLS#: 1830779
CA Insurance License #: 0L74498
NMLS#: 1830779
CA Insurance License #: 0L74498
About Kelly Kesden
Kelly began her financial services career in 2000 as a securities trader at BB&T and joined Merrill Lynch in 2003 as a Client Associate. Dedicated to continuous learning, Kelly advanced to Registered Senior Client Associate before being recruited to Team Financial Advisor. Kelly is now using that experience at Morgan Stanely to serve as Wealth Management Analyst for our team. She earned the title of Assistant VP after her first year through exception service to our clients.
Kelly helps standardize processes and services for efficiency and consistency. Her chief responsibilities are assisting the team in delivering our service commitment to clients, documenting calls and monitoring team members' compliance, licensing and continuing education classes. In addition, she coordinates relationships with clients' attorneys, accountants, business executives and entrepreneurs—helping with wealth transfer services, income management, investments, philanthropic strategies and retirement planning.
Kelly earned dual bachelor’s degrees in information systems and finance from the University of North Carolina at Wilmington. She and her husband, Evan, reside in San Jose, where they enjoy playing outside with their son, Jonathan.
Kelly helps standardize processes and services for efficiency and consistency. Her chief responsibilities are assisting the team in delivering our service commitment to clients, documenting calls and monitoring team members' compliance, licensing and continuing education classes. In addition, she coordinates relationships with clients' attorneys, accountants, business executives and entrepreneurs—helping with wealth transfer services, income management, investments, philanthropic strategies and retirement planning.
Kelly earned dual bachelor’s degrees in information systems and finance from the University of North Carolina at Wilmington. She and her husband, Evan, reside in San Jose, where they enjoy playing outside with their son, Jonathan.
Contact William H Waggoner
Contact Julia Kuzmenko
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
Lina Li
Private Banker
Clint Eddy
Family Office Resource Generalist
About Lina Li
Lina Li is a Private Banker serving Morgan Stanley Wealth Management offices in California.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Lina began her career in financial services in 2005, and joined Morgan Stanley in 2016 as an Associate Private Banker. Prior to joining the firm, she was a Banking Advisor at Merrill Lynch. She also served as a Preferred Banking Office Manager at First Republic Bank and a Banking Center Manager at Bank of America.
Lina is a graduate of San Jose State University, where she received a Bachelor of Science in Business Administration with a Concentration in Accounting. She lives in San Jose, California with her family. Outside of the office, she enjoys reading, travelling, and spending time with family and friends. Lina dedicates her time to SCRITCH Kittens as Secretary, Adoption Counselor and foster.
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.
Lina began her career in financial services in 2005, and joined Morgan Stanley in 2016 as an Associate Private Banker. Prior to joining the firm, she was a Banking Advisor at Merrill Lynch. She also served as a Preferred Banking Office Manager at First Republic Bank and a Banking Center Manager at Bank of America.
Lina is a graduate of San Jose State University, where she received a Bachelor of Science in Business Administration with a Concentration in Accounting. She lives in San Jose, California with her family. Outside of the office, she enjoys reading, travelling, and spending time with family and friends. Lina dedicates her time to SCRITCH Kittens as Secretary, Adoption Counselor and foster.
NMLS#: 1376901
About Clint Eddy
Clint Eddy is an Executive Director with the Family Office Resources (FOR) team at Morgan Stanley. As a Generalist with FOR he helps clients and Advisors curate and navigate an expansive suite of highly specialized resources to address the complex, multifaceted challenges of managing significant wealth so clients may make complicated decisions confidently.
Prior to joining Morgan Stanley in 2022, Clint was a Wealth Strategist at Merrill Lynch for over 15 years. Clint also practiced tax and business law at the law firm of Fox Rothschild for over six years. He was a member of the firm’s Estate Planning and Tax and Corporate Transactions groups. Clint is a member of Washington State Bar Association (WSBA) and is actively involved in the WSBA’s Real Property, Probate and Trust section. He is the co-author of the Washington Partnership and Limited Liability Company Deskbook and was named a “Rising Star” by Washington Law and Politics magazine.
Clint received his Master of Laws in Taxation from the University of Washington School of Law, his Juris Doctor from the University of Oregon School of Law, and his Bachelor of Arts from the University of Washington. He is Series 7 and 66 licensed.
Outside of work Clint is an avid, but admittedly, pretty awful skier. He and his fiancé live in Seattle with their 10 year old Boston Terrier named Annie.
Prior to joining Morgan Stanley in 2022, Clint was a Wealth Strategist at Merrill Lynch for over 15 years. Clint also practiced tax and business law at the law firm of Fox Rothschild for over six years. He was a member of the firm’s Estate Planning and Tax and Corporate Transactions groups. Clint is a member of Washington State Bar Association (WSBA) and is actively involved in the WSBA’s Real Property, Probate and Trust section. He is the co-author of the Washington Partnership and Limited Liability Company Deskbook and was named a “Rising Star” by Washington Law and Politics magazine.
Clint received his Master of Laws in Taxation from the University of Washington School of Law, his Juris Doctor from the University of Oregon School of Law, and his Bachelor of Arts from the University of Washington. He is Series 7 and 66 licensed.
Outside of work Clint is an avid, but admittedly, pretty awful skier. He and his fiancé live in Seattle with their 10 year old Boston Terrier named Annie.
Wealth Management
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Wealth Management
Global Investment Office
Portfolio Insights
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
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
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
Are You Prepared for Tax Day?
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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
Donor Advised Funds: A Smart Way to Manage Your Giving
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Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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Ready to start a conversation? Contact The Alpine Ascent Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan 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.
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.
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.
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.
5Morgan 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
6When 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
11Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
12Investors 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.
13Morgan 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.
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:
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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.
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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
1Morgan 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.
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.
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.
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.
5Morgan 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
6When 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
11Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
12Investors 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.
13Morgan 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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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.
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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.
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Awards Disclosures
CRC 6491812 (04/2024)
