Managing Director, Wealth Management, Financial Advisor, CERTIFIED FINANCIAL PLANNER®, Workplace Advisor - Equity Compensation
Phone:
(860) 275-0779(860) 275-0779
The Dugan Group at Morgan Stanley
Direct:
(860) 275-0726(860) 275-0726
Our Mission Statement
Experience, Intellectual Capital and Personalized Service. We will help you navigate the financial markets and provide you with a Wealth Management Plan to help you achieve your goals.
Our Story and Services
For over 30 years, our practice has been built on the foundation of personal relationships, and the ultimate goal of seeking to do what is best for each client. Our experience and knowledge of the financial markets along with the vast resources of Morgan Stanley are focused on our ultimate goal to provide a personalized, comprehensive wealth management strategy for each client. We seek to deliver world-class service and diligently work to uncover strategies to coordinate and connect the many aspects of a client’s financial life. Our recommendations are driven by access to highly acclaimed investment research, refined analytic tools and focus on the thorough understanding of each client’s unique situation. We will help clients navigate the financial markets and stay on course in an effort to achieve their goals and objectives. We have served many clients for more than 30 years, including high-net-worth families, business owners, senior corporate executives, physicians, and pre- and post- retirees.
Please feel free to contact us anytime by email or telephone. Areas of focus - Comprehensive wealth management which encompasses various aspects of financial planning including retirement, education, insurance (#001013243) and estate planning strategies. Investment portfolio design and management..
Please feel free to contact us anytime by email or telephone. Areas of focus - Comprehensive wealth management which encompasses various aspects of financial planning including retirement, education, insurance (#001013243) and estate planning strategies. Investment portfolio design and management..
Services Include
- Retirement PlanningFootnote1
- 401(k) Rollovers
- Financial PlanningFootnote2
- 529 PlansFootnote3
- AnnuitiesFootnote4
- Corporate BondsFootnote5
- Endowments and FoundationsFootnote6
- Estate Planning StrategiesFootnote7
- Exchange Traded FundsFootnote8
- Executive Financial ServicesFootnote9
- Fixed IncomeFootnote10
- Cash Management and Lending ProductsFootnote11
- Life InsuranceFootnote12
- Long Term Care InsuranceFootnote13
- Municipal BondsFootnote14
- Qualified Retirement PlansFootnote15
- Structured ProductsFootnote16
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Planning for the Future
Our team will work with you to understand what your priorities are during these crucial years and implement a customized plan that works for you. Whether it's planning for retirement, making the transition into retirement or managing your assets post retirement. No matter the stage in life, our team is equipped with the tools and knowledge to help you accomplish your financial and personal goals.
GPS Platform
Goals Planning System (GPS) is Morgan Stanley’s own integrated planning tool. Built on the Firm’s intellectual capital and capabilities, GPS is an intuitive and efficient platform used to quickly assess whether a client is “On Track” to achieving their financial goals.
Learn More
LifeView - Intelligent Planning
LifeView is a suite of planning tools that includes goal-specific analytics that I use with my clients to create a realistic, integrated strategy that incorporates the various aspects of an individual's financial life, including investments and cash management needs. Fill out the questionnaire to get started talking with us about creating a personalized strategy for your long-term goals.
What Kind of Retiree Do You Want to Be?
Everyone has a different idea of their dream retirement. Whatever you envision, it’s essential to plan ahead so that your nest egg will last.
Learn More
Overcoming Your 5 Biggest Retirement Challenges
While saving for a retirement is an important topic, it’s at least as important as what comes next: Your plan of action once you enter retirement.
Learn More
How Insurance Can Help with Retirement Planning
Insurance isn’t just for supporting dependents if something happens to you. It can also be part of a long-term retirement strategy.
Learn MoreInvestor Resources
Morgan Stanley seeks to make complex financial ideas more digestible so that our clients understand what is being done on their behalf to plan for their financial future, and why. The links below provide in-depth analysis on interesting topics that are affecting the world of business and finance not only now, but in the future as well.
Saving vs. Investing: What's the Difference?
Many people use the terms “saving” and “investing” interchangeably. While these two concepts are related, they aren’t exactly equal.
View Here
Social Security Benefits: It Can Pay to Wait
Maximizing your Social Security retirement benefits can help you achieve other financial goals.
View Here
5 Things You May Not Know About 529s (But Should)
They're tax friendly, flexible and available to anyone. Yet, 529 education savings plans are still underused. Here are five things that parents, grandparents and anyone hoping to get a leg up on college costs need to know.
View Here
Thoughts On The Markets Podcast
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Thoughts On The Markets Podcast
On The Markets Research Report
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
On The Markets Research Report
Morgan Stanley Now, What's Next? Podcast
A special podcast about what life after the pandemic might look like, and the opportunities for change that it presents.
Morgan Stanley Now, What's Next? Podcast
Global Investment Committee Weekly Research Report
The Global Investment Committee's Weekly Report provides an in depth look at markets, asset class performance and fixed income on a weekly basis.
GIC Weekly Research ReportAwards
These honors are a reflection of our outstanding clients and their trust in our team. While much has changed since the firm was founded more than 85 years ago, the quality of service, personal attention, and customized solutions we provide to our clients has remained steadfast. It is a privilege to work with you toward the financial future you envision.
Forbes Best-In-State Women Wealth Advisor
Valerie Dugan has been named to the 2017-2024 Forbes Best-In-State Wealth Advisors ranking.
2017-2024 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In-State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors) Source: Forbes.com (Awarded 2017-2024). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisors
Valerie Dugan has been named to the 2018-2025 Forbes Best-In-State Wealth Advisors ranking.
2018-2025 Forbes Best-In-State Wealth Advisors Source: Forbes.com (Awarded 2018-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award. 2017-2025 Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms Source: Workingmother.com (Awarded October 2017-2025). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was given.
2012 -2024 Five Star Wealth Manager Award
Valerie Dugan has recieved the Five Star Wealth Manager Award for 12 consecutive years.
Source: fivestarprofessional.com (Awarded 2012-2022) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods:
2012 Award - 05/18/2011 - 11/6/2011
2013 Award - 05/18/2012 - 11/6/2012
2014 Award - 05/18/2013 - 11/6/2013
2015 Award - 05/18/2014 - 11/6/2014
2016 Award - 05/18/2015 - 11/6/2015
2017 Award - 05/18/2016 - 11/6/2016
2018 Award - 05/18/2017 - 11/6/2017
2019 Award - 04/18/2018 - 11/6/2018
2020 Award - 04/01/2019 - 12/13/2019
2021 Award - 05/25/2020 - 11/30/2020
2022 Award - 05/24/2021 - 11/19/2021
2023 Award - 05/24/2022 - 11/19/2022
2024 Award - 04/10/2023 - 10/31/2023
Additional Awards & Recognition
Valerie Dugan, Smith Barney President's Council: 1995-2009
Valerie Dugan, Morgan Stanley Masters Club: 2010-2021
Valerie Dugan, Morgan Stanley Presidents Club: 2023-2024
Michael Long, Morgan Stanley Pacesetter's Club: 2022
Trey Dugan, Morgan Stanley Pacesetter's Club: 2024
Working With You
1. Discovery Process
We will invest the time to get to know you and your family and understand your full financial picture including your goals, values, dreams, and special concerns or challenges.
2. Formulation of Strategy
In conjunction with any items identified during the discovery process and your risk tolerance, we will analyze your current investment portfolio, assets, and liabilities to create a clear roadmap and strategy for the future.
3. Creation of Customized Strategic Asset Allocation
Based on an agreed upon strategy, we will develop your customized strategic asset allocation that reflects the risk and return characteristics necessary to help achieve your stated goals.
4. Implementation of a Wealth Strategy
Upon completion of a comprehensive due diligence effort, we will implement your investment plan. Individual investments will be selected from Morgan Stanley’s global investment platform.
5. Integration of Ongoing Tactical Decisions
Building on your long term, strategic investment plan, we will continuously monitor for short term market distortions and opportunities upon which to help capitalize in an effort to add incremental value.
6. Ongoing Assessment
On an ongoing basis, we will review and update your plan and strategy to help ensure that we adapt along with your planning needs, goals, market conditions and investment performance.
Location
225 Asylum St 14th
Floor
Hartford, CT 06103
US
Direct:
(860) 275-0726(860) 275-0726
399 Park Avenue
12th Floor
New York, NY 10022
US
Direct:
(212) 893-6561(212) 893-6561
Meet The Dugan Group
Phone:
(860) 275-0757(860) 275-0757
Donald (Trey) Dugan
Financial Advisor, Financial Planning Specialist
Phone:
(212) 893-6561(212) 893-6561
Christina Esposito
Portfolio Associate
Phone:
(860) 275-0726(860) 275-0726
About Valerie B Dugan
Valerie Dugan, CFP®, is an Executive Director, Financial Advisor at Morgan Stanley. She is skilled at developing personalized, comprehensive wealth management strategies for high net worth families, business owners, senior corporate executives, physicians, and retirees. She is currently responsible for $589.3 million (as of September 2024) in client assets.
Valerie started in the financial industry as an Account Executive with E.F. Hutton on October 19, 1987. Over the next 30 years, her experience as a Financial Advisor and extensive knowledge of the financial markets have helped her deliver customized strategies that coordinate the many aspects of a client’s financial life. Her recommendations are driven by her commitment to thoroughly understand each client’s unique situation and are further complemented by her access to the vast resources of Morgan Stanley, including its globally acclaimed investment research and superior analytic tools. Valerie’s priority is to help clients navigate the financial markets so that they stay on course in an effort to ultimately achieve their goals and objectives.
Valerie has earned her CERTIFIED FINANCIAL PLANNER™ designation and holds her Series 7, 63, 65, 6 as well as health and life insurance licenses. Valerie is proud of her excellent record of client retention having served many of her clients for over 25 years.
She was a member of Smith Barney’s prestigious President’s Council from 1995-2009 and she was also on the Morgan Stanley’s Business Owner Executive Council in 2011. Additionally, she is a frequent contributor to the Hartford Business Journal, Journal Inquirer, West Hartford News, Hartford Courant, CT by the Numbers and the New Haven Register.
Valerie lives in Glastonbury, CT with her husband. She is involved with supporting the Bushnell Center of Performing Arts, HARC, Immacare Homeless Shelter, Trinity Public Magnet School, Nuestro Mundo Public Magnet School, Catholic Charities NYC, and the Easter Seals Foundation.
Valerie has received numerous accolades including:
2017-2024: Forbes Magazine's "Top Women Wealth Advisors"
2018-2024: Forbes Magazine's "Best in State" Wealth Advisors
2012-2024: CT Magazine's 5 Star Wealth Manager
2017-2021: Working Mother Magazine's "Top Wealth Advisor Moms"
2017-2024 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors) Source: Forbes.com (Awarded 2017-2024). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
2018-2024 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2018-2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award. 2017-2024 Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms Source: Workingmother.com (Awarded October 2017-2024). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was given.
2017-2021 Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms Source: Workingmother.com (Awarded October 2017-2021). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was given.
2012-2024 Five Star Wealth Manager Award Source: fivestarprofessional.com (Awarded 2012-2024) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods: 2012 Award - 03/16/2011 - 09/10/2011 2013 Award - 03/16/2012 - 09/10/2012 2014 Award - 03/16/2013 - 09/10/2013 2015 Award - 03/16/2015 - 09/10/2015 2016 Award - 03/25/2016 - 09/28/2016 2017 Award - 02/15/2017 - 09/11/2017 2018 Award - 02/15/2018 - 09/21/2018 2019 Award - 02/18/2019 - 09/27/2019 2020 Award - 02/17/2020 - 09/18/2020 2021 Award - 02/15/2021 - 09/10/2021 2022 Award - 02/28/2022 - 09/02/2022 2023 Award - 2/1/2023 - 5/23/22 - 1/6/23 2024 Award - 04/10/2023 - 10/31/2023
Disclaimer: Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Valerie started in the financial industry as an Account Executive with E.F. Hutton on October 19, 1987. Over the next 30 years, her experience as a Financial Advisor and extensive knowledge of the financial markets have helped her deliver customized strategies that coordinate the many aspects of a client’s financial life. Her recommendations are driven by her commitment to thoroughly understand each client’s unique situation and are further complemented by her access to the vast resources of Morgan Stanley, including its globally acclaimed investment research and superior analytic tools. Valerie’s priority is to help clients navigate the financial markets so that they stay on course in an effort to ultimately achieve their goals and objectives.
Valerie has earned her CERTIFIED FINANCIAL PLANNER™ designation and holds her Series 7, 63, 65, 6 as well as health and life insurance licenses. Valerie is proud of her excellent record of client retention having served many of her clients for over 25 years.
She was a member of Smith Barney’s prestigious President’s Council from 1995-2009 and she was also on the Morgan Stanley’s Business Owner Executive Council in 2011. Additionally, she is a frequent contributor to the Hartford Business Journal, Journal Inquirer, West Hartford News, Hartford Courant, CT by the Numbers and the New Haven Register.
Valerie lives in Glastonbury, CT with her husband. She is involved with supporting the Bushnell Center of Performing Arts, HARC, Immacare Homeless Shelter, Trinity Public Magnet School, Nuestro Mundo Public Magnet School, Catholic Charities NYC, and the Easter Seals Foundation.
Valerie has received numerous accolades including:
2017-2024: Forbes Magazine's "Top Women Wealth Advisors"
2018-2024: Forbes Magazine's "Best in State" Wealth Advisors
2012-2024: CT Magazine's 5 Star Wealth Manager
2017-2021: Working Mother Magazine's "Top Wealth Advisor Moms"
2017-2024 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors) Source: Forbes.com (Awarded 2017-2024). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
2018-2024 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2018-2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award. 2017-2024 Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms Source: Workingmother.com (Awarded October 2017-2024). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was given.
2017-2021 Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms Source: Workingmother.com (Awarded October 2017-2021). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was given.
2012-2024 Five Star Wealth Manager Award Source: fivestarprofessional.com (Awarded 2012-2024) These awards were determined through an evaluation process conducted by Five Star Professional, based on objective criteria, during the following periods: 2012 Award - 03/16/2011 - 09/10/2011 2013 Award - 03/16/2012 - 09/10/2012 2014 Award - 03/16/2013 - 09/10/2013 2015 Award - 03/16/2015 - 09/10/2015 2016 Award - 03/25/2016 - 09/28/2016 2017 Award - 02/15/2017 - 09/11/2017 2018 Award - 02/15/2018 - 09/21/2018 2019 Award - 02/18/2019 - 09/27/2019 2020 Award - 02/17/2020 - 09/18/2020 2021 Award - 02/15/2021 - 09/10/2021 2022 Award - 02/28/2022 - 09/02/2022 2023 Award - 2/1/2023 - 5/23/22 - 1/6/23 2024 Award - 04/10/2023 - 10/31/2023
Disclaimer: Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Securities Agent: ID, GA, CT, TN, RI, SC, NH, NC, NY, MI, FL, TX, NJ, MO, LA, VA, PA, ME, MD, DC, CA, OH, IL, IN, OR, MA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 178986
CA Insurance License #: 0M91455
NMLS#: 178986
CA Insurance License #: 0M91455
About Michael Long
As your Financial Advisor, Michael can help you define and strive to meet your goals by delivering a vast array of Morgan Stanley resources, including its globally acclaimed investment research along with superior analytic tools in the way that is most appropriate for how you invest and what you want to achieve. Working together, Michael can help you to preserve and grow your wealth. You will have access to some of the worlds most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices. Recommendations are driven by Michael’s commitment to thoroughly understand each client’s unique situation.
Between 2017-2019, Michael became a husband and a father, while also celebrating his father’s retirement after a successful 40 year career in the Insurance Industry. A culmination of these special life events changed Michael’s understanding and importance of having a financial plan. Prior to joining Morgan Stanley, Michael worked as an Insurance Producer where his experience and success in building relationships are ideal for understanding complex client needs and helping deliver solutions for both short and long term goals. The core of Michael’s beliefs are relationships that are based on effective communication and trust as to be able to provide full service modern wealth management with world class service.
Between 2017-2019, Michael became a husband and a father, while also celebrating his father’s retirement after a successful 40 year career in the Insurance Industry. A culmination of these special life events changed Michael’s understanding and importance of having a financial plan. Prior to joining Morgan Stanley, Michael worked as an Insurance Producer where his experience and success in building relationships are ideal for understanding complex client needs and helping deliver solutions for both short and long term goals. The core of Michael’s beliefs are relationships that are based on effective communication and trust as to be able to provide full service modern wealth management with world class service.
Securities Agent: MD, IL, ID, GA, CA, LA, MA, VA, OH, MO, CT, TX, OK, MI, TN, PA, DC, SC, OR, NY, FL, CO, NJ, NC, ME, IN, RI, NH; General Securities Representative; Investment Advisor Representative
NMLS#: 1896808
NMLS#: 1896808
About Donald (Trey) Dugan
2024 Pacesetter's Club Member
Trey is a Financial Advisor with The Dugan Group; a team dedicated to delivering each client with a Comprehensive Wealth Management Plan to help them navigate the financial markets.
Trey focuses on financial planning, structured products, and maximizing cash management solutions for clients of The Dugan Group. Trey attends to high-net-worth families, business owners, senior corporate executives, physicians, and pre- and post- retirees, delivering a personalized “Ritz Carlton” experience. Trey is located at the Morgan Stanley 399 Park Avenue office in Manhattan, NY.
Trey is a graduate of Fordham University’s Gabelli School of Business receiving a degree in Finance with a concentration in Global Business. During this time, he focused on various financial concepts such as Value Investing, Fixed Income Analysis, Alternative Investments and Equity Analysis. Prior to starting at Morgan Stanley, Trey passed his Securities Industry Essentials Exam and since joining the firm, has acquired both his Series 7 and Series 66 licenses as well as his Financial Planning Specialist Designation. Trey currently resides in Manhattan. He enjoys traveling, history and keeps up with all aspects of sports.
NMLS ID: 2269990
Disclaimer:
An investment in Structured Investments is subject to significant risks and may not be appropriate for all investors. These risks can include, but are not limited, to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality; substantial loss of principal; limits on participation in appreciation of underlying asset(s); limited liquidity; credit risk of the issuer; and, conflicts of interest.
Trey is a Financial Advisor with The Dugan Group; a team dedicated to delivering each client with a Comprehensive Wealth Management Plan to help them navigate the financial markets.
Trey focuses on financial planning, structured products, and maximizing cash management solutions for clients of The Dugan Group. Trey attends to high-net-worth families, business owners, senior corporate executives, physicians, and pre- and post- retirees, delivering a personalized “Ritz Carlton” experience. Trey is located at the Morgan Stanley 399 Park Avenue office in Manhattan, NY.
Trey is a graduate of Fordham University’s Gabelli School of Business receiving a degree in Finance with a concentration in Global Business. During this time, he focused on various financial concepts such as Value Investing, Fixed Income Analysis, Alternative Investments and Equity Analysis. Prior to starting at Morgan Stanley, Trey passed his Securities Industry Essentials Exam and since joining the firm, has acquired both his Series 7 and Series 66 licenses as well as his Financial Planning Specialist Designation. Trey currently resides in Manhattan. He enjoys traveling, history and keeps up with all aspects of sports.
NMLS ID: 2269990
Disclaimer:
An investment in Structured Investments is subject to significant risks and may not be appropriate for all investors. These risks can include, but are not limited, to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality; substantial loss of principal; limits on participation in appreciation of underlying asset(s); limited liquidity; credit risk of the issuer; and, conflicts of interest.
Securities Agent: NC, LA, VA, GA, OR, IN, IL, TN, ID, CT, CA, ME, OH, MD, PA, NH, DC, NY, MA, TX, SC, NJ, FL, RI; General Securities Representative; Investment Advisor Representative
NMLS#: 2269990
NMLS#: 2269990
About Christina Esposito
With over 20 years of Morgan Stanley administrative experience, Christina is proficient in a broad array of client services. Highly adept at answering questions quickly and efficiently, Christina is passionate about delivering concierge level customer service. She not only knows how to help meet each client’s specific need, she knows how to anticipate them as well.
Christina joined Morgan Stanley in January 1998 and began working with Valerie Dugan in March 2003. She currently holds her FINRA Series 7, 63, 65 certifications and health and life insurance licenses.
Christina lives in West Hartford CT with her 3 daughters.
Christina joined Morgan Stanley in January 1998 and began working with Valerie Dugan in March 2003. She currently holds her FINRA Series 7, 63, 65 certifications and health and life insurance licenses.
Christina lives in West Hartford CT with her 3 daughters.
Contact Valerie B Dugan
Contact Michael Long
Contact Donald (Trey) Dugan
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
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Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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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 Dugan 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.
1When 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.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
4Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
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.
10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Municipal 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.
15When 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.
16Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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
1When 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.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
4Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
5Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
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.
10Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Municipal 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.
15When 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.
16Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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
CRC 6491812 (04/2024)
