Yash V Dalal, CRPS®
Managing Director, Wealth Management, Financial Advisor, Family Wealth Director
Phone:
(201) 967-6356(201) 967-6356
The Dalal Group at Morgan Stanley
Direct:
(201) 967-6356(201) 967-6356
Toll-Free:
(800) 526-0829(800) 526-0829
Our Mission Statement
At its core, our job is to get you to address your future financial obligations earlier than you would have yourself.
About Us
At the Dalal Group, we bring more than 65 collective years of financial industry experience to our clientele. Our common history contributes greatly to our ability to work effectively as a team, and to understand the specialized needs and challenges of multigenerational families. We have developed complementary strengths and a cohesive outlook. What's more, we trust one another, a critical waypoint on the path to earning the trust of our clients. When you work with one of us, you get the best of all of us.
Our mission — through creative, competent and consistent advice — is to help you manage your wealth more effectively so that you may reach your specific financial goals in today's complex global markets. We seek to accomplish this by continuously building a relationship with you based on trust, unsurpassed service and mutual respect. We use our financial knowledge and proven experience to create a customized financial plan that evolves with you through all stages of your life, enabling us to achieve comprehensive wealth management.
OUR COMMITMENT TO YOU:
We strongly believe that a disciplined philosophy and process are critical to achieving your investment goals in today's complex market environment. To that end, we believe in the following principles that serve as the foundation of our practice:
Building a Relationship: Each relationship begins with an understanding of your short- and long-term goals, expectations and tolerance for risk. We believe that before we can develop a comprehensive wealth management plan for you and your family, we need to understand who you are, what your life goals are and your investment time horizon. We believe when you succeed, we succeed.
Mutual Respect: Our relationship with you is based on respect, courtesy and trust. We will work hard to make your experience with us valuable, understandable and successful.
Service Excellence: Your satisfaction is our priority. We believe we can earn your trust not only through the quality of investment solutions we present to you, but also through the excellence with which we deliver them. We are committed to providing you with regular, proactive communication, resulting in unsurpassed service that is delivered in an unparalleled manner.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Retirement PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Trust ServicesFootnote5
- Alternative InvestmentsFootnote6
- Cash Management and Lending ProductsFootnote7
- 529 PlansFootnote8
- 401(k) Rollovers
- Professional Portfolio ManagementFootnote9
- Life InsuranceFootnote10
- AnnuitiesFootnote11
- Structured ProductsFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Process
At the Dalal Group, we use a systematic consulting process to uncover your most important goals and to design and implement appropriate solutions to empower you to achieve and maintain financial success. Our distinctive, advanced planning process aims to add value by running a case study on your personal situation with our network of wealth management professionals.
More about Our Team
Click here to see the Dalal Group Brochure
"Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21."
"Barron's Top 100 Financial Advisors
Source: Barron's.com (Awarded Apr 2022) Data compiled by Barron's based on time period from Dec 2020 - Dec 2021."
Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21."
"Barron's Top 100 Financial Advisors
Source: Barron's.com (Awarded Apr 2022) Data compiled by Barron's based on time period from Dec 2020 - Dec 2021."
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61 South Paramus Road, 3rd
Fl
Paramus, NJ 07652
US
Direct:
(201) 967-6356(201) 967-6356
Toll-Free:
(800) 526-0829(800) 526-0829
Meet The Dalal Group
Mike Jackson
Vice President, Private Wealth Management, Financial Advisor
Phone:
(201) 967-6245(201) 967-6245
Phone:
(201) 967-6203(201) 967-6203
Stacey Schaumberger
First Vice President, Group Director
Phone:
(201) 967-6252(201) 967-6252
Nancy Legg
Vice President, Wealth Management Associate
Phone:
(201) 967-6244(201) 967-6244
Amy Miller
Associate Vice President, Wealth Management Associate
Phone:
(201) 967-6350(201) 967-6350
Katherine Ferriter
Registered Client Service Associate
Phone:
(201) 967-6221(201) 967-6221
Melanie Zartaloudis
Registered Client Service Associate
Phone:
(201) 967-6237(201) 967-6237
About Yash V Dalal
Yash has dedicated his entire 26 year career in financial services career to gaining a deep knowledge and global perspective of the financial markets, so he can educate his clients about their portfolios and help them develop holistic financial plans. He listens carefully to clients’ goals, values and concerns and works tirelessly to help them achieve their personal and financial objectives. Yash’s commitment to continuing education allows him to remain on the forefront of the latest and most effective wealth management strategies.
In 2018, Yash was awarded the title of Managing Director. In 2015, Yash earned Morgan Stanley’s title of Family Wealth Director – achieved by five percent of the advisors at the firm. By doing so, Yash has immediate access to the full scope and influence of the differentiating resources at Morgan Stanley to create greater financial opportunities for his clientele.
Yash holds numerous firm designations including; Alternatives Investment Director, Senior Portfolio Management Director, Senior Investment Management Consultant and Financial Planning Specialist, and industry designation of Certified Retirement Planning Specialist (CRPS®).
Yash received his B.A. from Rutgers University and his M.B.A. from Boston College.
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In 2018, Yash was awarded the title of Managing Director. In 2015, Yash earned Morgan Stanley’s title of Family Wealth Director – achieved by five percent of the advisors at the firm. By doing so, Yash has immediate access to the full scope and influence of the differentiating resources at Morgan Stanley to create greater financial opportunities for his clientele.
Yash holds numerous firm designations including; Alternatives Investment Director, Senior Portfolio Management Director, Senior Investment Management Consultant and Financial Planning Specialist, and industry designation of Certified Retirement Planning Specialist (CRPS®).
Yash received his B.A. from Rutgers University and his M.B.A. from Boston College.
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Securities Agent: VA, DE, NM, IN, SC, OR, DC, GA, TN, NC, MD, TX, RI, FL, AL, PA, NJ, IL, IA, CO, CA, AZ, MA, MI, ME, CT, WA, OH, NY, LA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1279057
NMLS#: 1279057
About Mike Jackson
Mike Jackson began his career in financial services in 2005. Before joining the Dalal Group in 2021, Mike served as the lead Private Banker at Morgan Stanley’s Wealth Management offices in northern New Jersey, where he was responsible for overseeing a team of bankers. Additionally, he has worked as a relationship strategist at PNC Wealth Management and has held a number of roles at UBS, including banking solutions specialist, financial advisor and options senior associate. Mike holds the Series 7 and 66 industry licenses and earned a B.S. in finance and history from Providence College.
Mike lives in Midland Park, New Jersey, with his wife, two children and their dog. Away from the office, he is an avid sports fan, and he enjoys playing soccer and softball and coaching his daughters’ sports teams. Mike is actively involved with the Covenant House participating in their annual sleepout each year.
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Mike lives in Midland Park, New Jersey, with his wife, two children and their dog. Away from the office, he is an avid sports fan, and he enjoys playing soccer and softball and coaching his daughters’ sports teams. Mike is actively involved with the Covenant House participating in their annual sleepout each year.
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Securities Agent: OR, LA, MD, DE, WA, TX, NY, NM, MI, MA, CO, CA, VA, FL, DC, RI, NC, IN, SC, IA, CT, AL, OH, ME, GA, IL, PA, NJ, AZ, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 1078930
NMLS#: 1078930
About Brooke Thon
Brooke Thon joined the Dalal Group as a Financial Advisor in 2023 after three years on the Structured Investments Sales team with Morgan Stanley Wealth Management. In that role, Brooke served as a product specialist servicing financial advisors and clients in the Northeast, Mid-America, and international markets, where she delivered cross-asset, tailored investment solutions. She holds the SIE and Series 7, 63, and 65 industry licenses. Brooke joined Morgan Stanley in 2020 after graduating from Villanova University with a BBA in Finance and Business Analytics. While at school, Brooke played on the club Women’s Ice Hockey team and remains an avid sports fan.
Brooke is originally from Boston and now resides in Jersey City with her fiancé and their French Bulldog. In her spare time, Brooke enjoys traveling, cooking, and fitness.
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Brooke is originally from Boston and now resides in Jersey City with her fiancé and their French Bulldog. In her spare time, Brooke enjoys traveling, cooking, and fitness.
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Securities Agent: HI, AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY; General Securities Representative; Investment Advisor Representative
NMLS#: 2554452
NMLS#: 2554452
About Stacey Schaumberger
Stacey Schaumberger joined the Dalal Group as Group Director – First Vice President in 2019. Stacey graduated from Franklin and Marshall College with a degree in business management and started her career with our predecessor firm, Shearson Lehman, as a Client Service Associate. She has been with our firm for over 30 years in a multitude of managerial capacities, most recently as a Business Service Manager with one of the top complexes in New York City. Through the various positions she has developed excellent organizational and communication skills which lends itself well to her role on our team. Stacey is thoroughly familiar with the firm’s best practices for client services and has a wealth of knowledge and experience in that space. Her number one focus is assisting the team to provide top notch customer service and deliver on assisting you to meet your financial goals. Stacey holds her series 7, 66 and series 8 licenses.
Stacey resides in Bergen County with her husband, David and their 3 children. She gets great enjoyment watching her kids play sports and through the years has volunteered at their schools and with their sports teams. She is an animal lover - especially her dog and cat and has a special fondness for animal rescue charities. In her spare time, she enjoys working out and Pilates.
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Stacey resides in Bergen County with her husband, David and their 3 children. She gets great enjoyment watching her kids play sports and through the years has volunteered at their schools and with their sports teams. She is an animal lover - especially her dog and cat and has a special fondness for animal rescue charities. In her spare time, she enjoys working out and Pilates.
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About Nancy Legg
Nancy Legg is our senior team member, having been an integral part of the Dalal Group for over 8 years. She joined The Dalal Group in 2013 and brought with her 15 years of experience in the financial services industry. In her current role as Wealth Management Associate, she partners with team members to address the specific needs and service issues of our clients in order to cultivate existing client relationships and enhance business development.
Prior to joining Morgan Stanley, she worked in Boston as a Financial Analyst at both Massachusetts Financial Services Company (MFS) and New England Financial. Additionally, Nancy worked in Fixed Income Trading at The Boston Company and as a Sales Assistant in Retirement Plans Marketing at MFS Financial Services Inc.
Nancy earned a Bachelor of Science degree in Finance from Ithaca College, and has both her Series 7 and 66 licenses. She is a mental health advocate for the AFSP public policy team and is a long-standing volunteer at The Father English Center in Paterson, New Jersey. Nancy lives in Ridgewood, NJ with her family and two dogs.
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Prior to joining Morgan Stanley, she worked in Boston as a Financial Analyst at both Massachusetts Financial Services Company (MFS) and New England Financial. Additionally, Nancy worked in Fixed Income Trading at The Boston Company and as a Sales Assistant in Retirement Plans Marketing at MFS Financial Services Inc.
Nancy earned a Bachelor of Science degree in Finance from Ithaca College, and has both her Series 7 and 66 licenses. She is a mental health advocate for the AFSP public policy team and is a long-standing volunteer at The Father English Center in Paterson, New Jersey. Nancy lives in Ridgewood, NJ with her family and two dogs.
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About Amy Miller
Amy Miller joined the Dalal Group in May 2014 and holds the title of Portfolio Associate. Her responsibilities on the team include all aspects of client support, new account opening and documentation, processing account maintenance requests, among others.
She began her career with Morgan Stanley in 2010 at the Operations Center in Columbus, Ohio. Prior to joining Morgan Stanley, Amy was employed at Nationwide Insurance and Chase Bank, where she focused on insurance specialty line support and mutual fund operations.
Amy earned a Paralegal Certificate from Capital University Law School in Columbus, Ohio. Amy also attended The Ohio State University and Franklin University in Columbus, Ohio and holds a Bachelor of Science in Business Administration with a concentration in Finance.
Amy is involved and supports many nonprofit organizations, but the two she holds closest to her heart are the Ramapo-Bergen Animal Refuge and the Pulmonary Fibrosis Foundation. In her spare time Amy enjoys reading, traveling and rooting for The Buckeyes! She lives in Midland Park with her family.
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She began her career with Morgan Stanley in 2010 at the Operations Center in Columbus, Ohio. Prior to joining Morgan Stanley, Amy was employed at Nationwide Insurance and Chase Bank, where she focused on insurance specialty line support and mutual fund operations.
Amy earned a Paralegal Certificate from Capital University Law School in Columbus, Ohio. Amy also attended The Ohio State University and Franklin University in Columbus, Ohio and holds a Bachelor of Science in Business Administration with a concentration in Finance.
Amy is involved and supports many nonprofit organizations, but the two she holds closest to her heart are the Ramapo-Bergen Animal Refuge and the Pulmonary Fibrosis Foundation. In her spare time Amy enjoys reading, traveling and rooting for The Buckeyes! She lives in Midland Park with her family.
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About Katherine Ferriter
Kathy Ferriter joined the Dalal Group in February 2020 and is a Registered Associate. She has more than 28 years of experience in the financial services industry. Kathy began her financial career in New York as a Management Trainee at Pershing where she also worked in Asset Management Operations, Relationship Management for both domestic and international clients and as Compliance Officer. Most recently she worked as consultant to Deutsche Bank’s Compliance Department in New York, performing quality assurance assessments to validate the design effectiveness of controls to mitigate risks.
Kathy earned a Bachelor of Science in Business Administration from Marist College and a Master of Business Administration in International Business from Pace University. Additionally, she completed SIFMA’s Security Industry Institute at Wharton School of the University of Pennsylvania.
Charity work includes volunteering for the Morgan Hoffmann Foundation, USGA and PGA. In her spare time, Kathy enjoys playing golf and spending time with her family and currently resides in Ramsey with her husband and 2 children.
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Kathy earned a Bachelor of Science in Business Administration from Marist College and a Master of Business Administration in International Business from Pace University. Additionally, she completed SIFMA’s Security Industry Institute at Wharton School of the University of Pennsylvania.
Charity work includes volunteering for the Morgan Hoffmann Foundation, USGA and PGA. In her spare time, Kathy enjoys playing golf and spending time with her family and currently resides in Ramsey with her husband and 2 children.
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About Melanie Zartaloudis
Last draft for MS website lol: Melanie Zartaloudis joined the Dalal Group in August 2023 as a registered Client Service Associate. An honors graduate of Rutgers University Business School and currently pursuing her Master’s in Finance at NYU Stern, Melanie combines a solid academic foundation with hands-on experience in financial analysis, risk management, and client services from her previous role at JPMorgan Chase. At the Dalal Group, she is dedicated to providing clients with top-tier service and valuable insights to drive growth. Residing in Bergen County, NJ, Melanie is active in her community and enjoys family time, travel, and cycling in her free hours. academic excellence and practical experience to the financial sector. Her time at Rutgers instilled a strong foundation in financial principles and analytical thinking, while her prior role within the banking industry honed her knowledge in financial analysis, risk assessment, and client relationship management. As a dedicated member of the Dalal Group, she is committed to
leveraging her skills and insights to contribute meaningfully to our collective success. Melanie also loves to give back to the community, spending time in the senior center, and annually
donates to The Salvation Army. She currently resides in Bergen County, NJ. In her spare time, she loves to travel, golf with her friends, and spend time with her family.
leveraging her skills and insights to contribute meaningfully to our collective success. Melanie also loves to give back to the community, spending time in the senior center, and annually
donates to The Salvation Army. She currently resides in Bergen County, NJ. In her spare time, she loves to travel, golf with her friends, and spend time with her family.
Contact Yash V Dalal
Contact Mike Jackson
Contact Brooke Thon
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
Don Janevski
Private Banker
About Don Janevski
Don Janevski is a Private Banker serving Morgan Stanley Wealth Management offices in New Jersey.
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.
Don began his career in financial services in 2003 and joined Morgan Stanley in 2015 as an Associate Private Banker. Prior to joining the firm, he was a Mortgage Loan Consultant and a Mortgage Product Specialist with Silver Financial Capital Group, as well as a Branch Manager with First Lenders Mortgage.
Don is a graduate of the Montclair State University, where he received a Bachelor of Business Administration in Marketing and Management. He lives in Emerson, NJ with his family. Outside of the office, Don enjoys spending time with family and friends, exercising and painting.
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.
Don began his career in financial services in 2003 and joined Morgan Stanley in 2015 as an Associate Private Banker. Prior to joining the firm, he was a Mortgage Loan Consultant and a Mortgage Product Specialist with Silver Financial Capital Group, as well as a Branch Manager with First Lenders Mortgage.
Don is a graduate of the Montclair State University, where he received a Bachelor of Business Administration in Marketing and Management. He lives in Emerson, NJ with his family. Outside of the office, Don enjoys spending time with family and friends, exercising and painting.
NMLS#: 197095
Wealth Management
Global Investment Office
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
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Creating customized financial strategies for the challenges that today’s families face.
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Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
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Financial Planning for Life After Selling a Business
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Donor Advised Funds: A Smart Way to Manage Your Giving
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- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Dalal Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5Morgan 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.
6Alternative 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.
7Morgan 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
8Investors 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.
9Morgan 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.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Structured 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5Morgan 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.
6Alternative 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.
7Morgan 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
8Investors 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.
9Morgan 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.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Structured 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.
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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.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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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)
