David Lung
Managing Director, Wealth Management, International Client Advisor, Financial Advisor
Phone:
(949) 809-1228(949) 809-1228
The David Lung Group at Morgan Stanley
Direct:
(949) 809-1228(949) 809-1228
Our Mission Statement
We strive to provide financial confidence by delivering tailored advice designed to give our clients the ability to pursue their goals and passions. We are committed to maintaining the highest standard of integrity and professionalism in our relationships with our clients.
Our Story and Services
As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Services Include
- Financial PlanningFootnote1
- Asset Management
- Professional Portfolio ManagementFootnote2
- Wealth ManagementFootnote3
- Wealth PlanningFootnote4
- Estate Planning StrategiesFootnote5
- Retirement PlanningFootnote6
- 401(k) Rollovers
- Trust ServicesFootnote7
- Trust AccountsFootnote8
- Business PlanningFootnote9
- Business Succession PlanningFootnote10
- Cash Management and Lending ProductsFootnote11
- Fixed IncomeFootnote12
- Municipal BondsFootnote13
- Corporate BondsFootnote14
- Life InsuranceFootnote15
- Alternative InvestmentsFootnote16
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
International Wealth Management
International Wealth Management is a specialized area within Morgan Stanley Wealth Management that is dedicated to serving individuals, families, family offices, entrepreneurs, corporate executives and corporate stock plan managers who live outside the United States. We also serve US citizens living and working abroad as well as those who are relocating to the United States or otherwise changing domicile.
We are based in offices throughout the United States, but often specialize in a specific country or region, and typically speak the client’s language, understand the culture and have a deep knowledge of the markets we serve. Combining our investment knowledge with the resources and intellectual capital of Morgan Stanley, we deliver targeted solutions that help our clients pursue their goals and address their unique financial needs.
We are based in offices throughout the United States, but often specialize in a specific country or region, and typically speak the client’s language, understand the culture and have a deep knowledge of the markets we serve. Combining our investment knowledge with the resources and intellectual capital of Morgan Stanley, we deliver targeted solutions that help our clients pursue their goals and address their unique financial needs.
We may be able to provide you access to:
- An open architecture platform that includes leading asset management firms, giving you access to unaffiliated third party managers and their teams.
- Thematic investing ideas and asset allocation models from Morgan Stanley’s Global Investment Committee, guiding your overall portfolio allocation.
- Customized lending solutions from Morgan Stanley Private Bank, National Association, addressing your financing needs.
- Dedicated specialists in wealth transfer, philanthropy, family dynamics, concierge and lifestyle advisory services, and other family office capabilities, supporting the non-financial needs you may have.
Not all products and services are available to clients outside of the United States.
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 suitable 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”) 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.
CRC 3430115 05/22
Our Process
Introduction
The first step is to have a discussion where we listen to your worries and figure out how we can be of benefit to you. Recognizing that not every advisor is the right fit for every client, we provide you with an overview of our methodology and disclose our fee structure. If we both concur to continue working together, we set up our next appointment and ask for crucial financial data.
Discovery
We maintain the conversation we started, gaining insight into the value that guide your choices and recognizing any special considerations related to your wealth. We review the documents you prepared and establish your priorities and deadlines.
Analysis and Plan Development
At this stage, we employ industry-leading financial planning tools to create a customized and comprehensive financial plan with concrete suggestions aimed at helping you expand, protect, and distribute your wealth. This plan serves as the cornerstone for establishing your initial strategy and for guiding future wealth management choices.
Plan Presentation
In this phase, we present you with your financial plan that features and investment portfolio that harmonizes your investments with your objectives, timeline, and risk tolerance. Additionally, we cover other wealth management options, such as risk management approaches and estate planning tactics.
Implementation
Once you approve our proposals, we initiate the implementation of the strategies outlined in the plan. Once your assets have been transferred to Morgan Stanley and are consistent with your investment strategy, we guide you through the specifics of your new statement and provide access to all the tools and resources that are now at your disposal.
Ongoing Service and Care
Dedicated to providing a first-class experience, we prioritize building long-lasting relationships that bring exceptional value to you and your family. We communicate with your frequently to give updates on your accounts and asses your progress towards each of your goals, making modifications to your financial plan as needed to account for changes in your life.
Our Services For You
Retirement Planning
Retirement planning can be a daunting task, particularly in recent times. But we are here to make it easier for you. With our assistance, we'll create a personalized strategy that takes into account your individual goals and financial standing. Together, we'll monitor progress and make any necessary modifications to ensure a prosperous retirement.
Make the Most of Your Retirement Savings
Estate Planning
Estate planning protects and regulates your wealth both during and after your lifetime, while minimizing taxes. It guarantees that your legacy and loved ones are secure. As your trusted advisor, we will collaborate with you to examine all crucial aspects and estate arrangements. With your tax and legal advisors, we'll create tax and estate plans that cater to your unique requirements.
Tax, Trust, and Estate Planning Overview
Portfolio Management
At our firm, we use our extensive global resources and stay up to date on the latest trends to craft a tailored investment strategy for you. Our aim is to design a personalized portfolio that aligns with your growth, income, and wealth preservation goals, all while adhering to your risk tolerance level.
Portfolio Management Overview
Risk Management
In managing your finances, we adopt a comprehensive perspective by recognizing potential risks and evaluating the effect of market conditions. We utilize the power of Morgan Stanley's Portfolio Risk Platform and risk analytics integrated in their proprietary applications to gain dynamic risk insights across numerous risk factors. This allows us to quickly assess your entire portfolio, even assets held elsewhere, and identify and reduce your risk exposure.
Learn More About the Portfolio Risk PlatformDigital Tools Available For You
Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
Register for Morgan Stanley Online Today
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.
Visit our Security Center
Total Wealth View
It's hard to see the complete view with only half of the details. As a Morgan Stanley client, you can now conveniently view your accounts from other financial institutions on Morgan Stanley Online or by using the Morgan Stanley Mobile App, giving you a more complete financial picture.
Learn More About Total Wealth View
Alternative Investments
Our leading alternatives platform offers 200+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income—while maintaining a goals-based approach for asset allocation.
Morgan Stanley Alternative Investments
Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential and help keep more of what you earn.
Learn More
Morgan Stanley Blue Cash Preferred® American Express Card
A very welcoming offer. Earn a $250 statement credit with the Morgan Stanley Blue Cash Preferred® American Express Card.
Terms apply. Learn more.Location
1901 Main Street
Ste 700
Irvine, CA 92614
US
Direct:
(949) 809-1228(949) 809-1228
Meet The David Lung Group
Tom Liu
Vice President, International Client Advisor, Financial Advisor
Phone:
(949) 809-1278(949) 809-1278
Irena Hsiao
Financial Advisor
Phone:
(949) 809-1249(949) 809-1249
Ozair Alefi
First Vice President, Financial Advisor, Senior Portfolio Manager, Qualified Plan Financial Consultant
Phone:
(949) 955-7892(949) 955-7892
Sally Guo
Financial Advisor
Phone:
(949) 809-1259(949) 809-1259
Becky Yao, CFP®
Senior Registered Client Service Associate
Phone:
(949) 809-1269(949) 809-1269
Catherine Yeung
Client Service Associate
Phone:
(949) 809-1266(949) 809-1266
About David Lung
As the founder and senior partner of the David Lung Group at Morgan Stanley, David focuses on creating comprehensive wealth management plans for successful individuals and their families. Throughout his 18 years’ experience, David works tirelessly to provide clarity and simplicity around trust and estate planning, sophisticated lending strategies, and tailored investment plans, striving for a deeper level of understanding and confidence for all his clients.
Before joining Morgan Stanley, he was Managing Director at Raymond James and Senior Vice President at Wells Fargo Private Bank. His educational background includes an MBA from Zicklin School of Business in New York and a bachelor’s degree from National Taipei University in Taiwan. He holds professional designations of Accredited Asset Management Specialist and Accredited Wealth Management Advisor.
Originally from Taipei, Taiwan, David lives in Irvine of Southern California with his wife Lisa and their two children, Kayden and Kristine. In his free time, he enjoys golf, travel, and most of all, watching Kayden play and compete in his youth baseball games.
Before joining Morgan Stanley, he was Managing Director at Raymond James and Senior Vice President at Wells Fargo Private Bank. His educational background includes an MBA from Zicklin School of Business in New York and a bachelor’s degree from National Taipei University in Taiwan. He holds professional designations of Accredited Asset Management Specialist and Accredited Wealth Management Advisor.
Originally from Taipei, Taiwan, David lives in Irvine of Southern California with his wife Lisa and their two children, Kayden and Kristine. In his free time, he enjoys golf, travel, and most of all, watching Kayden play and compete in his youth baseball games.
Securities Agent: NV, GA, WA, SC, WI, VA, NH, MA, IN, CA, NY, CT, TX, NJ, HI, MN, OR, FL, CO, NC, DE, SD, WY, VI, AZ, IL; General Securities Representative; Investment Advisor Representative
NMLS#: 703496
CA Insurance License #: 0E59152
NMLS#: 703496
CA Insurance License #: 0E59152
About Tom Liu
As a Financial Advisor, Tom implements wealth management strategies for clients by concentrating on portfolio management to help meet clients’ goals to retire confidently.
Before joining Morgan Stanley, Tom worked in Wells Fargo wealth management team for 6 years. He is firmly committed to long-term relationships and strives to deliver exceptional client service. He listens carefully to clients’ goals, values, aspirations and concerns, and works to help them in achieving their financial objectives.
Tom is originally from Sichuan, China and completed his college degree in Canada. In 2016, he made the biggest decision in his life, which is moving to the U.S. with his wife and two children through EB5. With the experience of living in different countries, it builds his multicultural and open-minded character. In his free time, he enjoys traveling with his family.
Before joining Morgan Stanley, Tom worked in Wells Fargo wealth management team for 6 years. He is firmly committed to long-term relationships and strives to deliver exceptional client service. He listens carefully to clients’ goals, values, aspirations and concerns, and works to help them in achieving their financial objectives.
Tom is originally from Sichuan, China and completed his college degree in Canada. In 2016, he made the biggest decision in his life, which is moving to the U.S. with his wife and two children through EB5. With the experience of living in different countries, it builds his multicultural and open-minded character. In his free time, he enjoys traveling with his family.
Securities Agent: NC, SD, NH, DE, TX, HI, NY, MA, CO, WY, MN, AZ, NJ, IN, WI, GA, CA, WA, VI, VA, SC, NV, CT, OR, IL, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 1511149
CA Insurance License #: 0L97011
NMLS#: 1511149
CA Insurance License #: 0L97011
About Irena Hsiao
Irena began her financial career at JP Morgan Chase in 2013 and joined Morgan Stanley in 2022. With her experience in the financial industry, she helped individuals and businesses achieve financial dreams through extensive planning and understanding what is important to her clients’ lives. Her drive and passion to help her clients has made her successful in her career. Because of her passion in the financial sector she pursued other certificates, AWMA (Accredited Wealth Management Advisor), AAMS (Accredited Asset Management Specialist) and FPS (Financial Planning Specialist) to help expand her knowledge and better assist her clients.
Irena was born in Taipei, Taiwan and eventually moved to the United States as an exchange student. She pursued her bachelor’s degree in Advertising/Communication at California State University, Fullerton. She currently lives in Placentia, California with her husband and their furry friend, Taro. Irena’s love of life reflects in her personality for adventures of traveling and exploring new things.
Irena was born in Taipei, Taiwan and eventually moved to the United States as an exchange student. She pursued her bachelor’s degree in Advertising/Communication at California State University, Fullerton. She currently lives in Placentia, California with her husband and their furry friend, Taro. Irena’s love of life reflects in her personality for adventures of traveling and exploring new things.
Securities Agent: GA, NC, SC, NV, IL, CA, VA, SD, IN, WY, WI, NJ, CO, NY, VI, HI, FL, CT, OR, AZ, NH, MN, WA, TX, MA, DE; General Securities Representative; Investment Advisor Representative
NMLS#: 1133424
CA Insurance License #: 0K76971
NMLS#: 1133424
CA Insurance License #: 0K76971
About Ozair Alefi
As a Financial Advisor, Oz finds that getting to know his clients' goals and objectives is the key to a good financial strategy. The process involves listening closely and asking questions to understand what Oz's clients want out of their investment plan. This helps Oz to recognize their wishes and also build trust. Oz works with individuals and families who are in need of an investment plan. Whether they have gone through a change in job, marriage or divorce, illness or death, Oz possesses the experience and education to help guide the financial decisions that must be made.
Oz has worked in the financial services industry for over 20 years. His process is to first develop an overall understanding of the full financial picture, provide a plan using various strategies to help meet his clients' needs followed by implementation and ongoing monitoring of the plan.
In Oz's free time, he enjoys traveling with his wife and 3 children ages 7, 9 and 15. Our most recent trip was to the South Rim of the Grand Canyon and Lower Antelope Valley. Oz is also very active in his kids' schools and sports.
NMLS# 1951673
Oz has worked in the financial services industry for over 20 years. His process is to first develop an overall understanding of the full financial picture, provide a plan using various strategies to help meet his clients' needs followed by implementation and ongoing monitoring of the plan.
In Oz's free time, he enjoys traveling with his wife and 3 children ages 7, 9 and 15. Our most recent trip was to the South Rim of the Grand Canyon and Lower Antelope Valley. Oz is also very active in his kids' schools and sports.
NMLS# 1951673
Securities Agent: WA, WI, VI, VA, UT, TN, SC, RI, OH, NY, NV, NM, NJ, NH, NC, MT, MS, MN, IN, KS, OR, MO, MD, IL, TX, MI, ID, IA, MA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AK, WY; General Securities Representative; Investment Advisor Representative
CA Insurance License #: 0D75748
CA Insurance License #: 0D75748
About Sally Guo
Securities Agent: CO, UT, SD, MN, IL, CA, NV, NJ, AZ, MA, FL, WI, TX, IN, NY, HI, DE, WY, SC, OR, NH, NC, GA, VI, VA, WA, CT; General Securities Representative; Investment Advisor Representative
About Becky Yao
Drawing on over 15 years of banking and wealth management experience, Becky’s great passion is her dedication to providing every client with the highest level of client experience and making sure the process is seamless and smooth. From the largest task to the smallest request, Becky works conscientiously to exceed client expectations. Becky is responsible for various operational activities, including onboarding new clients, assisting clients with their daily needs, processing trades and interacting with the firm’s back-office personnel to ensure the business continues to run with high efficiency.
Prior to joining Morgan Stanley in 2022, Becky worked at Raymond James & Associates, Inc., Newport Beach, and Wells Fargo Advisors. She is recognized for her positivity and warmth and enjoys various volunteering projects in her community. She began working in financial services in 2007.
Becky holds a bachelor’s degree in Social Sciences from University of California, Irvine. She holds her FINRA securities registrations 7 and 66, and a CA Life and Health insurance license. In 2018, Becky earned the Certified Financial Planner™ designation by completing an approved educational program, passing a rigorous examination and meeting stringent experience requirements.
Growing up in southern California, Becky now resides in Newport Beach where she and her husband are raising their daughter. She enjoys the beach, and loves all type of outdoor activities.
*The CFP® certification process, administered by CFP Board, identifies to the public that those individuals who have been authorized to use the CFP® certification marks in the U.S. have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients.
*Disclaimer: This role cannot solicit or provide investment advice
Prior to joining Morgan Stanley in 2022, Becky worked at Raymond James & Associates, Inc., Newport Beach, and Wells Fargo Advisors. She is recognized for her positivity and warmth and enjoys various volunteering projects in her community. She began working in financial services in 2007.
Becky holds a bachelor’s degree in Social Sciences from University of California, Irvine. She holds her FINRA securities registrations 7 and 66, and a CA Life and Health insurance license. In 2018, Becky earned the Certified Financial Planner™ designation by completing an approved educational program, passing a rigorous examination and meeting stringent experience requirements.
Growing up in southern California, Becky now resides in Newport Beach where she and her husband are raising their daughter. She enjoys the beach, and loves all type of outdoor activities.
*The CFP® certification process, administered by CFP Board, identifies to the public that those individuals who have been authorized to use the CFP® certification marks in the U.S. have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients.
*Disclaimer: This role cannot solicit or provide investment advice
About Catherine Yeung
Catherine has over 20 years of banking and wealth management experience. Catherine’s greatest passion is her dedication and commitment to delivering excellent service to every client. She takes ownership of each request and follows through to ensure the client’s experience exceeds expectations. Catherine onboards new clients and strengthens existing relationships through active client communication and collaboration with her team.
Catherine earned a bachelor’s degree in Business Administration from California State University, Fullerton. Prior to joining Morgan Stanley in 2022, Catherine worked at Raymond James & Associates and Wells Fargo Private Bank. She is recognized for her patience, organizational skills and attention to detail.
Catherine resides in Orange County with her husband and three children. She enjoys spending quality time with her family. With her adventurous energy, she loves taking family road trips and exploring new restaurants.
*Disclaimer: This role cannot solicit or provide investment advice
Catherine earned a bachelor’s degree in Business Administration from California State University, Fullerton. Prior to joining Morgan Stanley in 2022, Catherine worked at Raymond James & Associates and Wells Fargo Private Bank. She is recognized for her patience, organizational skills and attention to detail.
Catherine resides in Orange County with her husband and three children. She enjoys spending quality time with her family. With her adventurous energy, she loves taking family road trips and exploring new restaurants.
*Disclaimer: This role cannot solicit or provide investment advice
Contact David Lung
Contact Tom Liu
Contact Irena Hsiao
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
Article Image
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
Article Image
Ready to start a conversation? Contact The David Lung 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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.
3Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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.
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.
5Morgan 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.
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 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.
7Morgan 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.
8Morgan 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.
9Morgan 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.
10Morgan 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.
11Morgan 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
12Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
13Municipal 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.
14Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
16Alternative 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.
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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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.
3Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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.
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.
5Morgan 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.
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 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.
7Morgan 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.
8Morgan 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.
9Morgan 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.
10Morgan 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.
11Morgan 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
12Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
13Municipal 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.
14Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
16Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
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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.
*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)
