Gary E. Johnston
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(541) 341-3446(541) 341-3446
The Dimensional Group at Morgan Stanley
Direct:
(541) 341-3448(541) 341-3448
Toll-Free:
(888) 791-4440(888) 791-4440
Our Mission Statement
Striving to Improve Generational Opportunities For Our Clients By Delivering A
Multi-Dimensional Approach To Wealth Management
Multi-Dimensional Approach To Wealth Management
The Dimensional Group
Managing wealth involves far more than managing an investment portfolio. It begins with developing a holistic, comprehensive understanding of who you are and the financial forces at work in your life. It means helping you understand and respond effectively to these forces. And, of course, it means helping you invest your assets in a way that reflects the realities of your life and the uniqueness of your long term goals.As Financial Advisors, we are committed to building a relationship of trust in which we can work closely with you to help you define your objectives, explore alternatives and choose the financial and investment strategies that are most appropriate for you. As our relationship evolves,we hope you will come to regard us as a valued resource and professionals who can help you make a more informed decision on any financial issue.Our most important goal: to help you achieve your objectives, providing guidance that helps your wealth do more for you.
Services Include
- Professional Portfolio ManagementFootnote1
- Wealth ManagementFootnote2
- Alternative InvestmentsFootnote3
- Business PlanningFootnote4
- Cash ManagementFootnote5
- Estate Planning StrategiesFootnote6
- Financial PlanningFootnote7
- Trust Services*
- Philanthropic ManagementFootnote8
- Cash Management and Lending ProductsFootnote9
- Business Succession PlanningFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
Affluence is a blessing but managing it can be a challenge. Striving to preserve your wealth for your family’s future and building a legacy that last generations can be a complex mission. Combining our own experience with the global resources of Morgan Stanley we can create and implement a comprehensive strategy designed to help you address many dimensions of your financial life.
Our Dimensional Process focuses on what matters to you, and our core philosophies regarding your financial lives.
These four steps were developed to help achieve that goal:
Our Dimensional Process focuses on what matters to you, and our core philosophies regarding your financial lives.
These four steps were developed to help achieve that goal:
Trust and Estate Planning Strategies
We will work closely with your legal advisors to help ensure that your heirs are provided for, protected and prepared to assume their roles in family’s future.
Cash Management
Managing cash flow can help provide your family the ability to identify if you are on track towards your goals for the lifestyles you wish today and in the future.
Legacy Planning
Family-governance and philanthropic efforts can promote a continuing shared mission and can is designed towards helping you pass along your values as well as your wealth.
Wealth Managment
Combining traditional tools and innovative strategies can help you build a foundation for your family’s finances.
Family Stewardship
We strive to be a resource for your family planning needs, from wealth education and college planning to home buying and marital finances.
Tax Management Strategies
Focusing on managing potential tax implications for you and your heirs, while seeking to maximize the societal impact of your charitable giving.
Risk Management Strategies
There’s more to protecting your family and wealth than just comprehensive investing. Life, health, long term care, disability and business coverages can assist you in preparing for the unexpected.
The complexities of affluence
Affluence can often generate more family questions than answers. Issues which once may have been simple money matters can become complex, multi layered situations involving family values, sibling rivalry, parenting styles and generational differences as well as financial choices. And how you answer these questions can potentially impact not just the future of your wealth but the long-term health of your family.
• How much of your wealth do you want your heirs to inherit, and are they prepared intellectually and emotionally to manage it?
• Are your children and grandchildren uncomfortable with the fact of your wealth or its source?
• How should you define fairness when passing wealth to your heirs?
• How can you be sure your wealth can help empower your children rather than inhibits their own ambitions?
• How can you seek to Preserve wealth and unity?
Our team understands the complexities that can come with managing wealth. That is why we focus on being a long-term resource and our Dimensional Process aims to help support you in navigating both the financial and emotional challenges that significant wealth may bring. In the process, we focus on helping you strive to preserve your family unity as well as wealth.
• We can review your existing trust, tax and estate plans to help make sure they reflect your family’s values.
• We can structure and lead family meetings to help you create family mission statements, governance structures and documents.
• We can implement family wealth education plans and help you create strategies to address the needs of a challenged or troubled family member.
Disclosures:
Morgan 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 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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
.
• How much of your wealth do you want your heirs to inherit, and are they prepared intellectually and emotionally to manage it?
• Are your children and grandchildren uncomfortable with the fact of your wealth or its source?
• How should you define fairness when passing wealth to your heirs?
• How can you be sure your wealth can help empower your children rather than inhibits their own ambitions?
• How can you seek to Preserve wealth and unity?
Our team understands the complexities that can come with managing wealth. That is why we focus on being a long-term resource and our Dimensional Process aims to help support you in navigating both the financial and emotional challenges that significant wealth may bring. In the process, we focus on helping you strive to preserve your family unity as well as wealth.
• We can review your existing trust, tax and estate plans to help make sure they reflect your family’s values.
• We can structure and lead family meetings to help you create family mission statements, governance structures and documents.
• We can implement family wealth education plans and help you create strategies to address the needs of a challenged or troubled family member.
Disclosures:
Morgan 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 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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
.
Morgan Stanley provides clients with resources meant to transform complex financial analysis and research into concise and easily digestible content. The links below offer insight into the modern market and economic landscape.
Weighing the business vs the personal
For the owner of a successful business, many decisions can have personal as well as business implications. We believe our Dimensional Process can help you weigh both elements of your financial life when making decisions. We can help you consider the short-term business impact versus the long-term personal impact of options. Our experience, backed by the resources of Morgan Stanley can help address both sides of your wealth equation.
• How can you sell your business and use the proceeds to finance a new venture or seek to solidify your own future?
• Alternatively, how can you leverage your business to help fund your retirement while still passing it along to a family member?
• What can you do if only one of your children wants to continue the business?
• What if all of your children want to benefit, but none want to take over?
• How can you sell your business and use the proceeds to finance a new venture or seek to solidify your own future?
• Alternatively, how can you leverage your business to help fund your retirement while still passing it along to a family member?
• What can you do if only one of your children wants to continue the business?
• What if all of your children want to benefit, but none want to take over?
Liquidity events and succession planning
With so much of your family wealth and legacy tied up with your business it is vital to examine all your options and explore the potential impact on every dimension of your financial life.
• We can help you explore both private—Strategic Client Group/Investment Bank—and public—IPO--sales options.
• We can help you evaluate various strategies to understand the pros and cons of each depending on your goals and timing for exit.,
• We can also help you evaluate potential cash flow needs, post-sale career options, and various succession plans.
Finally, we can help you establish a process to evaluate the next generation of leadership and help them understand your family’s shared set of values such as philanthropic efforts.
• We can help you explore both private—Strategic Client Group/Investment Bank—and public—IPO--sales options.
• We can help you evaluate various strategies to understand the pros and cons of each depending on your goals and timing for exit.,
• We can also help you evaluate potential cash flow needs, post-sale career options, and various succession plans.
Finally, we can help you establish a process to evaluate the next generation of leadership and help them understand your family’s shared set of values such as philanthropic efforts.
Executive Services
Morgan Stanley at Work's Executive Services team provides concierge-level support for your executives' equity compensation plans, from 10b5-1 trading plans to form filing related to Rule 144 transactions, to access to wealth management and tax-optimization strategies, so helping them navigate their complex financial needs with greater confidence and certainty:
Equity Compensation Services
Equity Award Analysis
Specialized Solutions
Equity Compensation Services
Equity Award Analysis
Specialized Solutions
Deferred Compensation
Access a range of Nonqualified Deferred Compensation plan services or pick the ones that best fit your needs. Morgan Stanley at Work provides recordkeeping and plan design, portfolio construction services, and plan education for your executive talent. We can help you determine the appropriate plan design and inform a funding strategy through a needs-based assessment and consultative approach.
Services include:
Recordkeeping and Plan Design
Portfolio Construction
Wealth Management Services
Services include:
Recordkeeping and Plan Design
Portfolio Construction
Wealth Management Services
At Morgan Stanley, we provide clients with resources meant to transform complex financial analysis and research into concise and easily digestible content. The links below offer insight into the modern market and economic landscape.
Morgan Stanley Online
Morgan Stanley Online (MSO) gives users the view of their account balance and activity, and also encompasses a suite of features that allow you to manage your everyday finances. From paying bills and sending money to transferring funds and authorizing transactions.
Morgan Stanley Online
Total Wealth View
Total Wealth View gives you the ability to view all of your assets together and provides the opportunity to advise on your Morgan Stanley accounts with your entire financial picture in mind.
Total Wealth View
Reserved Living and Giving
Reserved Living & Giving is a complimentary perks program for eligible Morgan Stanley clients, designed to provide benefits beyond traditional wealth management services.
Reserved Living and GivingAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
975 Oak Street
Suite 300
Eugene, OR 97401
US
Direct:
(541) 341-3448(541) 341-3448
Toll-Free:
(888) 791-4440(888) 791-4440
4800 SW Meadows Rd
Ste 400
Lake Oswego, OR 97035
US
Direct:
(503) 534-3421(503) 534-3421
Meet The Dimensional Group
David E. Anderson
Vice President, Financial Advisor, Family Wealth Advisor, Senior Portfolio Manager
Phone:
(541) 465-1441(541) 465-1441
Adam M. Anderson
First Vice President, Financial Advisor, Portfolio Management Director
Phone:
(503) 534-3421(503) 534-3421
Spencer Stark, CFP®, CEPA®
Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager, CERTIFIED FINANCIAL PLANNER®, Certified Exit Planning Advisor™ (CEPA), Financial Planning Specialist
Phone:
(541) 341-3449(541) 341-3449
Phone:
(503) 534-3472(503) 534-3472
Alicia B. Heer
Registered Client Service Associate
Phone:
(541) 341-3448(541) 341-3448
About Gary E. Johnston
Gary Johnston’s goal is to keep clients centered between being optimistic or pessimistic about their finances. With more than 30 years of experience in the financial services industry Gary has helped multiple generations navigate many different economic cycles. He focuses on supporting clients and their goals through comprehensive wealth management and asset allocation strategies designed to help clients navigate volatility while also seeking to generate income. Gary’s prudence stems from his Alaska roots. He believes comprehensive planning can help clients weather a challenging financial winter.
Gary left Alaska to attend the University of Oregon and has never looked back. He subsequently earned his MBA from Portland State University. Gary began his financial services career with U.S. Bank in 1993. He joined Morgan Stanley in 2009 and founded The Dimensional Group in 2014. Gary and his wife live in Eugene. Much to his chagrin, both his sons are attending Oregon State. When Gary isn’t rooting for the Ducks, he loves to ski and shoot clay.
Securities Agent: MN, CA, VA, TX, NY, NV, NE, ID, GA, AK, AZ, WA, MT, CO, OR, MI, FL, NM, MO, ME, IL, WI, UT, AR, PA, HI; General Securities Representative; Investment Advisor Representative
NMLS#: 1278914
Disclosures:
Asset allocation and diversification do not guarantee a profit or protect against a loss in a declining financial market.
Gary left Alaska to attend the University of Oregon and has never looked back. He subsequently earned his MBA from Portland State University. Gary began his financial services career with U.S. Bank in 1993. He joined Morgan Stanley in 2009 and founded The Dimensional Group in 2014. Gary and his wife live in Eugene. Much to his chagrin, both his sons are attending Oregon State. When Gary isn’t rooting for the Ducks, he loves to ski and shoot clay.
Securities Agent: MN, CA, VA, TX, NY, NV, NE, ID, GA, AK, AZ, WA, MT, CO, OR, MI, FL, NM, MO, ME, IL, WI, UT, AR, PA, HI; General Securities Representative; Investment Advisor Representative
NMLS#: 1278914
Disclosures:
Asset allocation and diversification do not guarantee a profit or protect against a loss in a declining financial market.
Securities Agent: MN, DE, CA, NM, NC, MO, ME, IL, WI, UT, AR, OR, MI, FL, VA, TX, NY, NV, NE, ID, GA, AK, AZ, WA, MT, MD, CO, OH, PA, HI; General Securities Representative; Investment Advisor Representative
NMLS#: 1278914
NMLS#: 1278914
About David E. Anderson
David Anderson believes affluent families deserve a financial advisory approach that aims to integrate virtually all the elements of their financial lives into a comprehensive holistic plan. That’s why David joined Gary Johnston in founding The Dimensional Group in 2014, merging his own four decades of banking and trust experience with Gary’s capital markets background. Having worked in both the commercial and retail sides of banking, he focuses on helping to provide clients with strategies for both their business and personal needs, as well as the potential impact on subsequent generations.
David began working as a trainee with U.S Bank right out of high school and returned there after earning a degree from Western Oregon University and serving two years with the U.S. Marine Corps. He spent the next 44 years with U.S. Bank in business and consumer lending and management. David joined Morgan Stanley in 2014. He and his wife live in Eugene, and now that their son is away at Oregon State University, they are spending more time traveling and on the golf course.
Securities Agent: WA, AZ, MO, AR, WI, TX, FL, AK, HI, CA, ID, PA, NE, MT, MN, GA, VA, NY, NV, IL, UT, CO, OR, NM, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 520519
David began working as a trainee with U.S Bank right out of high school and returned there after earning a degree from Western Oregon University and serving two years with the U.S. Marine Corps. He spent the next 44 years with U.S. Bank in business and consumer lending and management. David joined Morgan Stanley in 2014. He and his wife live in Eugene, and now that their son is away at Oregon State University, they are spending more time traveling and on the golf course.
Securities Agent: WA, AZ, MO, AR, WI, TX, FL, AK, HI, CA, ID, PA, NE, MT, MN, GA, VA, NY, NV, IL, UT, CO, OR, NM, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 520519
Securities Agent: PA, ID, WA, WI, TX, FL, AK, VA, NY, NV, IL, UT, CO, OR, NM, MI, NE, MT, MN, GA, MO, AR, NC, MD, HI, DE, CA, AZ; General Securities Representative; Investment Advisor Representative
NMLS#: 520519
NMLS#: 520519
About Adam M. Anderson
Adam Anderson sees his role as being a dedicated financial advisor to an entire family and aims to help provide a voice of reason in what can be chaotic times. He feels fortunate to now be working with some of the third and fourth generations of his earliest clients’ families. Adam focuses on providing guidance to each generation through the many stages of their financial lives. Whether clients are Progressing from wealth accumulation, to retirement, to wealth transition and philanthropy, he focuses on helping clients seek to preserve their family’s values as well as their wealth. That guidance includes frequent, scheduled reviews to help maintain the ongoing dialog of the client-advisor relationship.
Adam moved to the Northwest right after graduating from Fort Hays State University in Kansas, along with his wife who is a Portland native. He began his 35-year financial services career with U.S. Bancorp, U.S. Bank’s investment division, in 1990. He joined Morgan Stanley and The Dimensional Group in 2017. Now that their three children have all graduated college, Adam and his wife have more time to pursue their interests in hiking, biking and RVing around the Northwest and Southwest areas of the U.S.
Securities Agent: MT, OR, MO, WI, NY, DC, NE, AK, PA, CA, NV, AR, SD, IL, UT, OK, OH, MN, HI, GA, WY, MI, FL, CO, TX, TN, WA, NM, ID, AZ, VA, SC, KS; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 1847121
Adam moved to the Northwest right after graduating from Fort Hays State University in Kansas, along with his wife who is a Portland native. He began his 35-year financial services career with U.S. Bancorp, U.S. Bank’s investment division, in 1990. He joined Morgan Stanley and The Dimensional Group in 2017. Now that their three children have all graduated college, Adam and his wife have more time to pursue their interests in hiking, biking and RVing around the Northwest and Southwest areas of the U.S.
Securities Agent: MT, OR, MO, WI, NY, DC, NE, AK, PA, CA, NV, AR, SD, IL, UT, OK, OH, MN, HI, GA, WY, MI, FL, CO, TX, TN, WA, NM, ID, AZ, VA, SC, KS; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 1847121
Securities Agent: AR, SD, IL, WA, NM, ID, AZ, PA, DC, OR, MO, UT, OK, OH, MN, HI, GA, WY, MI, MD, FL, DE, CO, TX, TN, WI, NY, NE, NC, AK, VA, SC, MT, KS, CA, NV; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 1847121
NMLS#: 1847121
About Spencer Stark
Spencer Stark believes that the most successful individuals have the discipline and basic knowledge to get their businesses and families close to achieving their aspirations. He often notices that most are just one or two elements away from reaching their goals, whether it’s advanced technical skills or experienced market insights. Spencer utilizes his CERTIFIED FINANCIAL PLANNER® training and experience with the goal to fully understand his clients’ needs and seeks to help provide those final elements. Utilizing the Dimensional Process, he aims to help you fit the pieces of your financial puzzle together. He believes that by asking comprehensive questions, he can help clients remain on track toward their financial goals. Spencer grew up in California and came to the Pacific Northwest to attend the University of Oregon, where he played football, appearing in the Rose Bowl and the 2015 National Championship game. After graduating in 2018 with a degree in Applied Mathematics he joined Morgan Stanley so he could combine his analytical skills with his love of helping people. Spencer spends most of his spare time with his fiancée and son, often mountain biking, snowboarding or skiing.
Securities Agent: TX, ID, IL, VA, OH, NV, MO, WA, OR, NC, HI, GA, CA, UT, FL, MT, MN, AK, PA, NE, AZ, SC, CO, AR, WI, NY, NM, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 1767243
CA Insurance License #: 4120992
Securities Agent: TX, ID, IL, VA, OH, NV, MO, WA, OR, NC, HI, GA, CA, UT, FL, MT, MN, AK, PA, NE, AZ, SC, CO, AR, WI, NY, NM, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 1767243
CA Insurance License #: 4120992
Securities Agent: OR, NC, GA, CA, AR, TX, ID, NJ, IL, VA, NV, MO, WI, NY, NM, MI, HI, MD, DE, WY, UT, FL, MT, MN, AK, PA, NE, AZ, SC, CO, WA; General Securities Representative; Investment Advisor Representative
NMLS#: 1767243
CA Insurance License #: 4120992
NMLS#: 1767243
CA Insurance License #: 4120992
About Jeff Elorriaga
Securities Agent: MT, MI, TX, NC, CO, CA, WA, NM, HI, WY, FL, OH, ID, NY, DE, OR, AZ, AK, NV, MD, MN, WI, IL, GA, UT, PA, AR, VA; General Securities Representative; Investment Advisor Representative
NMLS#: 2482015
NMLS#: 2482015
About Alicia B. Heer
Alicia Heer enjoys getting to know clients and what is important to them, learning how she can help support them towards achieving their financial goals and helping with even the smallest details. She is dedicated to a client-first mindset, providing support with everyday needs. Alicia’s background in running a small business gives her insight into how personal and financial aspects can interact and believes they should be treated as two separate components of the same wealth advisory experience.
Alicia grew up in Eugene and graduated from the University of Oregon. After working in the banking industry, she and her husband launched their own business where she was responsible for operational and financial management as well as customer service and marketing. Alicia then joined a marketing agency where she focused on business development. She joined Morgan Stanley in 2021. Outside of work Alicia enjoys spending time with her husband and their three children.
Alicia grew up in Eugene and graduated from the University of Oregon. After working in the banking industry, she and her husband launched their own business where she was responsible for operational and financial management as well as customer service and marketing. Alicia then joined a marketing agency where she focused on business development. She joined Morgan Stanley in 2021. Outside of work Alicia enjoys spending time with her husband and their three children.
Contact Gary E. Johnston
Contact David E. Anderson
Contact Adam M. Anderson
Contact Spencer Stark
Contact Jeff Elorriaga
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 Downey
Associate Private Banker
About Andrew Downey
Andrew Downey is an Associate Private Banker serving Morgan Stanley Wealth Management offices in Oregon, Idaho, Montana, Alaska, and
Washington.
Associate Private Bankers partner with Private Bankers and 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 2003 and joined Morgan Stanley in 2025 as an Associate Private Banker. Prior to joining the firm, he was a Relationship Manager at the First Republic Bank/J.P. Morgan Chase.
Andrew is a graduate of Portland State University, where he received a Bachelor of Science in Accounting. He lives with his family in Forest
Grove, Oregon. Outside of the office, Andrew enjoys watching his kids sporting events, golfing, and wine tasting with his wife in the Willamette Valley.
Washington.
Associate Private Bankers partner with Private Bankers and 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 2003 and joined Morgan Stanley in 2025 as an Associate Private Banker. Prior to joining the firm, he was a Relationship Manager at the First Republic Bank/J.P. Morgan Chase.
Andrew is a graduate of Portland State University, where he received a Bachelor of Science in Accounting. He lives with his family in Forest
Grove, Oregon. Outside of the office, Andrew enjoys watching his kids sporting events, golfing, and wine tasting with his wife in the Willamette Valley.
NMLS#: 1027096
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Wealth Management
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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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
Iran Conflict: Seven Takeaways for Investors
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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
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Dimensional Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
6Morgan 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.
7Morgan 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.
8Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
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.
9Morgan 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
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.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
6Morgan 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.
7Morgan 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.
8Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
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.
9Morgan 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
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.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 4763067 (9/2025), 5378280 (5/2026)
