The Dallas Group at Morgan Stanley
Our Mission Statement
Serving families and individuals with excellence, working together to achieve your goals with confidence
Our Story and Services
You often hear the expression, “it’s not personal, it’s just business”. When it comes to our business, we beg to differ. Financial planning and investing is actually very personal. Your life savings represents your hard work and your future; what could be more personal than that?
The Dallas Group works with you and your family to provide advice tailored to your goals, keeping in mind the values that are most important to you. We believe that trust is earned, and we pledge to work hard to earn that trust with every interaction. Clients think of our team as their family Chief Financial Officer, helping ensure that all aspects of their financial lives are working together toward the best possible results. We welcome you to explore our website and contact us to learn more.
The Dallas Group works with you and your family to provide advice tailored to your goals, keeping in mind the values that are most important to you. We believe that trust is earned, and we pledge to work hard to earn that trust with every interaction. Clients think of our team as their family Chief Financial Officer, helping ensure that all aspects of their financial lives are working together toward the best possible results. We welcome you to explore our website and contact us to learn more.
Services Include
- Wealth PlanningFootnote1
- Wealth ManagementFootnote2
- 401(k) Rollovers
- Retirement PlanningFootnote3
- Financial PlanningFootnote4
- Municipal BondsFootnote5
- Planning for Education FundingFootnote6
- Professional Portfolio ManagementFootnote7
- Sustainable InvestingFootnote8
- Structured ProductsFootnote9
- Cash Management and Lending ProductsFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
A sigh of relief. That is our favorite thing to hear when we meet with clients because it means we helped them achieve a level of comfort. They may feel more in control or better educated about the financial decisions they're making. Or maybe they are more confident that they have the strategies in place to fund their retirement, pay for their children's education, or just know they can weather a turbulent economy because they have an advisor who is helping them keep on track toward their goals.
In fact, it's that relationship that is the foundation of our business. By taking a strong interest in our clients, their families, and the values that are most important to them, we form relationships based on mutual trust that make difficult decisions a bit easier. Professionalism, respect, integrity, and superior service are all core values and traits that clients will find in us as we work together. Choosing a financial advisor is a serious and important decision that affects immediate family as well as generations to come. We welcome your phone call and look forward to creating a meaningful working relationship.
1. Introductory Call
We begin with an informal conversation to understand your financial concerns and determine how we can add value. If we all agree to move forward, we'll schedule our next meeting and request important financial information.
2. Get To Know You Meeting
We continue the dialogue by fostering an in-depth conversation where we learn about the values that shape your decisions and identify any unique circumstances. We also review the documents you've prepared and define your priorities.
3. Analysis & Plan Development
Here, we utilize proprietary financial planning tools to develop a personalized and detailed plan with recommendations to help you grow, preserve and transfer your wealth.
4. Implementation
In this step, we present appropriate strategies that are designed to work together to achieve your goals. Upon your approval, we open new accounts for you at Morgan Stanley and initiate our investment recommendations. We'll also begin to implement other strategies we've discussed. These often encompass tax minimization strategies, as well as risk management and estate planning techniques.
5. Ongoing Service
Committed to premium service, we focus on developing a relationship that provides special value to you and your family. As we begin to execute each strategy, we'll set up tools so you have immediate access to your account information. And because markets and personal needs evolve over time, we set up ongoing meetings to ensure your plan remains on schedule to achieve your goals.
Client Resources
To make your client experience as simple as possible we have gathered some of our most essential resources here at Morgan Stanley. You can find more information and steps to getting started below.
- Log into your Morgan Stanley Online account, Hover over "Pay,Transfer + Budget" and select "Transfers".
- Navigate to manage external accounts section.
- Click on add an external account, click Continue.
- Find and Select your external bank.
- Follow instructions, input your log in information for that external institution.
- Log in to Morgan Stanley Online.
- Click the Accounts tab.
- Select the Documents tab.
- Go to the Statement drop-down tab.
- Select Tax Documents and download them.
Morgan Stanley Online
Seamlessly and securely manage your finances all in one place. With Morgan Stanley online you can view your accounts, transfer money, see your total wealth, make deposits on the go and more.
Reconnecting Your Total Wealth View Accounts
Having your total wealth view accounts up to date is important for completeness of your financial plan. To reconnect your external financial accounts, follow instructions here.
Financial Planning
See this short introduction video on what the financial planning process can look like. Your financial plan is customized to your goals, your needs, and accessible anytime on Morgan Stanley Online once implemented with your financial advisory team.
Online Transfers
To allow transfers into and from an external account follow these further instructions.
Now your external account is linked up for transfers between institutions that can be initiated from Morgan Stanley Online transfers section.
eAuthorization for Transactions
eAuthorizations allows clients to electronically authorize domestic and international, one-time/recurring transactions through Morgan Stanley Online and the Morgan Stanley Mobile App.
Total Wealth View
Total Wealth View allows you to add your non Morgan Stanley accounts into one place. This allows a clearer more holistic view of your entire financial picture and is a great up to date snap shot of your total net worth. This is also instrumental to your financial plan.
Digital Vault
Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your team.
Accessing Tax Forms
Cash Management at MS
At Morgan Stanley we provide a modern alternative to banking, providing more value, more protection, and a seamless digital experience backed by your dedicated service team. You can benefit from unlimited ATM fee rebates worldwide, complimentary Identity and Credit Protection from Experian® and much more.
Reserved Living & Giving
By signing up our clients can save on travel, dining, holiday gifts and more with Morgan Stanley's Reserved Living and Giving program.
Cyber Security/Online Security Center
Learn about our latest security measures, how we are safeguarding your assets and personal information and find actionable insights and resources on important cybersecurity topics to enhance your own online security.
Experian
Our cash management clients get $1MM identity theft protection through Experian. Complimentary.
Social Security Direct Deposit Setup
Direct deposit of your Social Security benefits into your Morgan Stanley Account is fast and convenient. It requires no envelopes or stamps, and no trips to your Morgan Stanley Branch.
Zelle
Send Money with Zelle® is a fast, easy way to send money to family and friends in minutes using their email address or U.S. mobile phone number right from your mobile app or desktop.
Preferred Savings
Take advantage of our Preferred Savings Program for Qualifying Cash with flexible options and more ways to save.
Giving Your CPA MSO Access
With your authorization, Our team can add your CPA to your account, with view-only access, allowing them to download tax documents and more directly.
Empowering & preparing the next generation is just as important to our team as it is to your family.
Spending & Budgeting
The Spending and Budgeting tool helps you manage your cash flow across all of your accounts at Morgan Stanley, as well as those held at outside financial institutions.
Graduating College: A Whole New World
Graduating college is an important step forward, to help ensure you are prepared for what's ahead, it is important to understand how your financial decisions today can impact your opportunities tomorrow.
Starting Your First Job: What You Didn’t Learn In School
Starting a new job is a crucial first step toward finding a career that gets you out of bed in the morning and inspires you to grow.
Why Your Home Can Be a Retirement Asset
Preparing for retirement means building a nest egg that will sustain your lifestyle long after you decide to stop working. It can be a daunting task if you only consider your investment portfolio and other sources of income, such as Social Security, while overlooking another important asset: the equity you have in your home.
A Parent's Guide to Talking to Your Kids about Money
Teaching kids about financial insecurity without making them feel anxious is difficult. Go too far and it can create unnecessary anxiety in a young child, which can also lead to poor decision making later.
NextGen Videos
An educational short video series on Goal Setting and Budgeting; Credit and Debt Management; and Introduction to Investing that demonstrates basic strategies as a starting point.
Jennifer Dallas
Education
• Illinois Wesleyan University, 1997-1999
• Oklahoma City University, 1999-2001, B.S. Economics, Graduated Summa Cum Laude
• Recipient of the Meinders School of Business Senior Woman Leadership Award
• CERTIFIED FINANCIAL PLANNER, 2006
• Leadership Greater McHenry County (LGMC) Class of 2016
Forbes Top Women Wealth Advisors Best-In-State
2020-2025 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors).
Source: Forbes.com (2020-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
Award Disclosures: https://www.morganstanley.com/disclosures/awards-disclosure.html
Forbes Best-In-State Wealth Advisors
2019 - 2025 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (2019-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Award Disclosures: https://www.morganstanley.com/disclosures/awards-disclosure.html
Morgan Stanley Master's Club
2024 - 2025 Morgan Stanley Master's Club
Those named in Morgan Stanley's Master's Club, are an elite, select group composed of the Firm's top Financial Advisors. This accolade recognizes consistent excellence in providing a wide range of investment products and wealth management services.
Morgan Stanley Century Club
2018 - 2022 Morgan Stanley Century Club
Those named in Morgan Stanley's Century Club, are an elite group composed of the Firm's top Financial Advisors. The appointment recognizes advisors' consistent creativity and excellence in providing a wide range of investment products and wealth management services to their clients.
Location
760 W Main St
Suite 200
Barrington, IL 60010
US
Direct:
(847) 382-6600(847) 382-6600
Meet The Dallas Group
Jessica L. Spondouris
Wealth Management Associate
Phone:
(847) 842-1557(847) 842-1557
Courtney Kaufmann
Registered Client Service Associate
Phone:
(847) 842-1558(847) 842-1558
About Jennifer Dallas
Jennifer Dallas has been a Financial Advisor with Morgan Stanley for over 22 years and leads The Dallas Group. She helps clients identify their goals and execute on strategies to meet these goals through comprehensive planning and practical, understandable investment approaches. She enjoys being a dedicated advisor and loyal advocate for all clients, helping through every step of their financial journey. Jennifer believes that strong relationships are the foundation for success, and not only aims to help clients for life, but engages the next generation to help them achieve long term success and continuity for families.
Jennifer originally came to Morgan Stanley in 2002 in the Champaign, IL branch and currently works in the Barrington, IL office. Prior to joining the firm, Jennifer entered the financial services industry in 1999 at Merrill Lynch in Oklahoma City, OK. Jennifer graduated Summa Cum Laude from Oklahoma City University with a degree in Economics and was honored with the Meinders School of Business Outstanding Senior Woman Leadership Award. Throughout her career, she has strived to constantly increase industry knowledge, including obtaining the CFP (Certified Financial Planner) designation.
Outside of the office, Jennifer enjoys traveling, community involvement, cooking and spending time with family and friends. Jennifer and her husband Mike are originally from Marengo, IL and currently reside in Crystal Lake, IL with their two very busy teenagers.
Jennifer originally came to Morgan Stanley in 2002 in the Champaign, IL branch and currently works in the Barrington, IL office. Prior to joining the firm, Jennifer entered the financial services industry in 1999 at Merrill Lynch in Oklahoma City, OK. Jennifer graduated Summa Cum Laude from Oklahoma City University with a degree in Economics and was honored with the Meinders School of Business Outstanding Senior Woman Leadership Award. Throughout her career, she has strived to constantly increase industry knowledge, including obtaining the CFP (Certified Financial Planner) designation.
Outside of the office, Jennifer enjoys traveling, community involvement, cooking and spending time with family and friends. Jennifer and her husband Mike are originally from Marengo, IL and currently reside in Crystal Lake, IL with their two very busy teenagers.
Securities Agent: CT, TX, SC, OR, WI, WA, PA, MD, CA, TN, NY, NH, KY, ID, OH, MT, MO, KS, IN, GA, DC, CO, AZ, RI, NC, MN, ME, MI, FL, MA, IL, AL; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1295614
NMLS#: 1295614
About Jessica L. Spondouris
Jessica Spondouris joined Morgan Stanley in 2021 as a Client Service Associate and in 2023 was promoted to a Wealth Management Associate. Jessica’s aptitude to take on challenges has allowed her to help with a wider range of client needs over the years. She regularly assists with client annual reviews, works on behind the scenes analysis and reporting, and reaches out to clients on a regular basis to ensure all their needs are met. While Jessica assists with daily service requests when needed, she often tackles more unique and complex issues that arise. She does this with patience, empathy and attention to detail. Jessica also has an extensive background with fraud and identity theft issues and often assists clients with these matters.
Prior to coming to Morgan Stanley, Jessica had over 10 years of industry experience in numerous different fields in the world of finance. She attended Columbia College of Missouri where she earned her Bachelor Degree in Business Administration with an emphasis in Finance, Human Resource, and Business Management, in addition to earning her MBA with an emphasis in Human Resource Management. She currently resides in Crystal Lake, IL, with her husband Chris and three children. In her spare time, she enjoys working out with her husband, reading, and spending time with her family.
Prior to coming to Morgan Stanley, Jessica had over 10 years of industry experience in numerous different fields in the world of finance. She attended Columbia College of Missouri where she earned her Bachelor Degree in Business Administration with an emphasis in Finance, Human Resource, and Business Management, in addition to earning her MBA with an emphasis in Human Resource Management. She currently resides in Crystal Lake, IL, with her husband Chris and three children. In her spare time, she enjoys working out with her husband, reading, and spending time with her family.
About Courtney Kaufmann
Courtney Kaufmann is a Registered Client Service Associate and the newest member of The Dallas Group having joined in 2023. She is often the first point of contact for clients when they call and prides herself on providing a friendly and quality client experience. She also provides support by managing new account openings, bank and money transfers, and document updates. Courtney assists with online support and navigation and also oversees the team’s marketing efforts by ensuring effective communication and visibility to our clients. Whether you're opening a new account or seeking guidance on an existing one, Courtney is here to help!
Prior to joining Morgan Stanley, Courtney worked for a web development company where she assisted with project and business management, and was also a professional cake decorator for several years.
Born and raised in Woodstock, IL, she currently resides there with her husband, Brad, and their wonderful daughter. Outside of the office, Courtney enjoys baking, photography, spending time outdoors with her family, and coaching cheerleading at Woodstock High School.
Prior to joining Morgan Stanley, Courtney worked for a web development company where she assisted with project and business management, and was also a professional cake decorator for several years.
Born and raised in Woodstock, IL, she currently resides there with her husband, Brad, and their wonderful daughter. Outside of the office, Courtney enjoys baking, photography, spending time outdoors with her family, and coaching cheerleading at Woodstock High School.
Contact Jennifer Dallas
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
Andrew Dittbenner
Private Banker
Ashley Duresa, CFP®
Financial Planning Director, Vice President
About Andrew Dittbenner
Andrew Dittbenner is a Private Banker serving Morgan Stanley Wealth Management offices in Illinois.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Andrew began his career in financial services in 2010 and joined Morgan Stanley in 2018. Prior to joining the firm, he was a Senior Premier Banker at BMO Harris Bank, as well as a Financial Center Manager with the Fifth Third Bank.
Andrew received a Bachelor of Science in Business Marketing from Northern Illinois University. He and his wife live in Batavia, Illinois. When not at the office, Andrew volunteers with the Make a Wish Foundation. He also enjoys attending sporting events, as well as spending time with family and friends.
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.
Andrew began his career in financial services in 2010 and joined Morgan Stanley in 2018. Prior to joining the firm, he was a Senior Premier Banker at BMO Harris Bank, as well as a Financial Center Manager with the Fifth Third Bank.
Andrew received a Bachelor of Science in Business Marketing from Northern Illinois University. He and his wife live in Batavia, Illinois. When not at the office, Andrew volunteers with the Make a Wish Foundation. He also enjoys attending sporting events, as well as spending time with family and friends.
NMLS#: 718951
About Ashley Duresa
Ashley Duresa is the Financial Planning Director for the Chicago North Complex at Morgan Stanley.
Ashley began her career in financial services in 2017 and has been with Morgan Stanley since 2018. She started as a Client Service Associate and assisted with daily client requests, provided excellent client service, and developed financial plans. As she progressed with developing the financial plans, she became a Certified Financial Planner professional and started a new role as the Financial Planning Director.
As the Financial Planning Director, Ashley assists financial advisors and teams in planning engagement within their book of business as well as connecting firm resources to discover opportunities ultimately to better serve clients. As a CFP professional, she encompasses all aspects of financial planning which includes but are not limited to estate planning, tax management strategies, education planning, and retirement planning.
A magna cum laude graduate of Lake Forest College, Ashley graduated with a degree in Finance. In her free time, Ashley is a competitive bowler and enjoys walking her dog, golfing with her husband, and traveling.
Ashley began her career in financial services in 2017 and has been with Morgan Stanley since 2018. She started as a Client Service Associate and assisted with daily client requests, provided excellent client service, and developed financial plans. As she progressed with developing the financial plans, she became a Certified Financial Planner professional and started a new role as the Financial Planning Director.
As the Financial Planning Director, Ashley assists financial advisors and teams in planning engagement within their book of business as well as connecting firm resources to discover opportunities ultimately to better serve clients. As a CFP professional, she encompasses all aspects of financial planning which includes but are not limited to estate planning, tax management strategies, education planning, and retirement planning.
A magna cum laude graduate of Lake Forest College, Ashley graduated with a degree in Finance. In her free time, Ashley is a competitive bowler and enjoys walking her dog, golfing with her husband, and traveling.
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Wealth Management
From Our Team
Are You Prepared for Tax Day?
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
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
Article Image
Ready to start a conversation? Contact The Dallas 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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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 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.
5Municipal 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.
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’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.
8The 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. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Structured 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.
10Morgan 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
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
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.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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 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.
5Municipal 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.
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’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.
8The 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. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Structured 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.
10Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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Awards Disclosures
CRC 6491812 (04/2024), 3582895 (6/2024)
