Phone:
(530) 879-3279(530) 879-3279
The BEVL Group at Morgan Stanley
Levi Russell, CFP®Elliott DutroNick Magers, CFP®Vitia KozielskiLindsay KeyMeliah BirdLauren LaGrandeTim Parsons
Direct:
(530) 879-3280(530) 879-3280
Toll-Free:
(866) 703-2921(866) 703-2921
Our Mission Statement
Providing confidence and clarity through experienced wealth planning services
Our Story and Services
We are a hardworking financial planning team that provides first-class financial management to families and businesses in the North State and beyond. Our passion is working with our clients to help them plan for the future, invest with confidence, and achieve the financial future they envision.
Retirement planning means more than providing investment advice. It means working alongside clients to help them maintain the financial independence they’ve worked their whole lives to achieve.
Our consultative process begins with an in-depth discussion of your current finances and future objectives. We’ll address issues you might have overlooked and determine how we can help you adjust your investment strategy to accommodate changing conditions and meet any unforeseen expenses and income demands that may arise during retirement.
We believe our clients deserve first-class service that fits their unique priorities, values, and life events.
Who we work with:
• Corporations
• Endowments, Foundations
• Defined Benefits Plans
• Defined Contribution Plans
• High Net Worth Individuals
• Captive Insurance Companies
• Associations
• Nonprofits
• Lobbying Firms
• Taft-Hartley
Retirement planning means more than providing investment advice. It means working alongside clients to help them maintain the financial independence they’ve worked their whole lives to achieve.
Our consultative process begins with an in-depth discussion of your current finances and future objectives. We’ll address issues you might have overlooked and determine how we can help you adjust your investment strategy to accommodate changing conditions and meet any unforeseen expenses and income demands that may arise during retirement.
We believe our clients deserve first-class service that fits their unique priorities, values, and life events.
Who we work with:
• Corporations
• Endowments, Foundations
• Defined Benefits Plans
• Defined Contribution Plans
• High Net Worth Individuals
• Captive Insurance Companies
• Associations
• Nonprofits
• Lobbying Firms
• Taft-Hartley
Services Include
- Estate Planning StrategiesFootnote1
- Executive Financial ServicesFootnote2
- Financial PlanningFootnote3
- Fixed IncomeFootnote4
- Lending Products
- Long Term Care InsuranceFootnote5
- Planning for Education FundingFootnote6
- Professional Portfolio ManagementFootnote7
- Retirement PlanningFootnote8
- Sustainable InvestingFootnote9
- 529 PlansFootnote10
- Cash ManagementFootnote11
- Corporate Retirement PlansFootnote12
- Life InsuranceFootnote13
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Planning
Life is full of important questions. We build complete financial plans that help you find the right answers as you consider investing, business services, retirement, and cash management.
Awards & Certifications
2025 Forbes Best-In-State Wealth Management Team
We’re excited to share that our team has been recognized by Forbes as a Best-In-State Wealth Management Team for 2025. Our team was selected based on our established processes, service model, investing discipline, growth, and team skillset. We are grateful for the relationships we’ve built over the years and the trust our clients place in us as we help navigate the complexities of their financial lives. This recognition is really a reflection of the work we do together; helping make wise choices, identifying risk and opportunity as we move forward to achieve the financial future you envision.
[Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23–3/31/24. https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025]
[Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23–3/31/24. https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025]
2019 Forbes Top Next Gen Wealth Advisors
Elliott was awarded as one of the Top Next-Gen Wealth Advisors in 2019 by Forbes.
[Source: Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded June 2019) Data compiled by SHOOK Research LLC based on time period from 3/31/19–3/31/20.]
[Source: Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded June 2019) Data compiled by SHOOK Research LLC based on time period from 3/31/19–3/31/20.]
2018 Forbes Top Next Gen Wealth Advisors
Elliott was awarded as one of the Top Next-Gen Wealth Advisors in 2018 by Forbes.
[Source: Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded Jul 2018) Data compiled by SHOOK Research LLC based on time period from 3/31/17–3/31/18.]
[Source: Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded Jul 2018) Data compiled by SHOOK Research LLC based on time period from 3/31/17–3/31/18.]
CERTIFIED FINANCIAL PLANNER™ (CFP®)
Levi maintains his CERTIFIED FINANCIAL PLANNER™ certification. CERTIFIED FINANCIAL PLANNER™ is a formal license that recognizes expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement. CFP® professionals are held to a strict ethical standard.
Meliah Bird - Portfolio Associate, Wealth Management Associate
Phone: (916) 984-3303
Email: meliah.L.bird@morganstanley.com
As a Portfolio Associate Meliah has earned her series 7, and series 66 securities licenses making her uniquely qualified to handle the full spectrum of your service needs. Meliah joined Morgan Stanley in 1999, and prior to joining our team worked in operations as Senior Registered Service Associate. Meliah's education and vast experience will allow us to continue to deliver the high level of personalized service that you deserve.
Email: meliah.L.bird@morganstanley.com
As a Portfolio Associate Meliah has earned her series 7, and series 66 securities licenses making her uniquely qualified to handle the full spectrum of your service needs. Meliah joined Morgan Stanley in 1999, and prior to joining our team worked in operations as Senior Registered Service Associate. Meliah's education and vast experience will allow us to continue to deliver the high level of personalized service that you deserve.
Lauren LaGrande - Client Services Associate
Phone : (530) 879-3287
Email: Lauren.LaGrande@morganstanley.com
Lauren grew up outside of San Francisco and earned her undergraduate degree in Business of Agriculture at Chico State University. She began her career in the mortgage industry where her driven work ethic, attention to detail and client-first approach led her to quickly rise as a service specialist and trusted industry expert. Lauren transitioned to Morgan Stanley in 2023 and quickly became an integral part of the BEVL Group service team. Lauren values building relationships with clients and couldn’t be more enthusiastic to work with you.
Lauren lives near Chico with her husband Logan, and their three young children.
Email: Lauren.LaGrande@morganstanley.com
Lauren grew up outside of San Francisco and earned her undergraduate degree in Business of Agriculture at Chico State University. She began her career in the mortgage industry where her driven work ethic, attention to detail and client-first approach led her to quickly rise as a service specialist and trusted industry expert. Lauren transitioned to Morgan Stanley in 2023 and quickly became an integral part of the BEVL Group service team. Lauren values building relationships with clients and couldn’t be more enthusiastic to work with you.
Lauren lives near Chico with her husband Logan, and their three young children.
Tim Parsons - Wealth Managment Associate
Phone: (916) 567-2035
Email: Tim.B.Parsons@morganstanley.com
Tim Parsons is a Wealth Management Associate at Morgan Stanley, where he applies his experience and dedication to helping clients achieve their financial goals. With a positive attitude, and commitment to providing excellent customer service, he is known for his problem-solving skills and approachability. Outside of work, Tim enjoys hitting the slopes, golfing, and spending time with his wife and daughter, who are his greatest inspirations. Tim met his wife in the Sac State Snowboard Club while attending college at Sacramento State University, where he earned his Degree in Finance.
Email: Tim.B.Parsons@morganstanley.com
Tim Parsons is a Wealth Management Associate at Morgan Stanley, where he applies his experience and dedication to helping clients achieve their financial goals. With a positive attitude, and commitment to providing excellent customer service, he is known for his problem-solving skills and approachability. Outside of work, Tim enjoys hitting the slopes, golfing, and spending time with his wife and daughter, who are his greatest inspirations. Tim met his wife in the Sac State Snowboard Club while attending college at Sacramento State University, where he earned his Degree in Finance.
COMMUNITY INVOLVMENT
In 2015 Steven and his son created the Recycle Bicycle Project serving under privileged kids, and the adult homeless community in the Sacramento area. Donated bicycles are refurbished and then donated to Family Promise, Mustard Seed School, and Loaves and Fishes. In addition, for the last eight years Steven and his son have served as volunteer stewards for the Adopt the Parkway program, maintaining a one mile section of the American River Bicycle Trail near the new Folsom spillway.
Both Elliott and Levi serve as governing board members of the Boys and Girls Clubs of the North Valley, a social service program that offers kids a fun and safe environment where they can build their social skills, succeed academically, become leaders and contribute to their community.
Both Elliott and Levi serve as governing board members of the Boys and Girls Clubs of the North Valley, a social service program that offers kids a fun and safe environment where they can build their social skills, succeed academically, become leaders and contribute to their community.
Location
555 Main Street
Suite 100
Chico, CA 95928
US
Direct:
(530) 879-3280(530) 879-3280
Toll-Free:
(866) 703-2921(866) 703-2921
2365 Iron Point Road
Suite 235
Folsom, CA 95630
US
Direct:
(916) 984-3317(916) 984-3317
1478 Stone Point Dr
Suite 500
Roseville, CA 95661
US
Direct:
(916) 797-7700(916) 797-7700
Meet The BEVL Group
Elliott Dutro
Vice President, Financial Advisor
Phone:
(530) 879-3267(530) 879-3267
Phone:
(530) 879-3274(530) 879-3274
Lindsay Key
Financial Advisor, Financial Planning Specialist
Phone:
(916) 797-7784(916) 797-7784
Meliah Bird
Wealth Management Associate
Phone:
(916) 984-3303(916) 984-3303
Lauren LaGrande
Client Service Associate
Phone:
(530) 879-3287(530) 879-3287
Tim Parsons
Wealth Management Associate
Phone:
(916) 567-2035(916) 567-2035
About Levi Russell
Levi focuses on helping families and individuals develop and implement financial plans that provide confidence during life’s big transitions and unexpected moments.
“Personal experience has convinced me that nothing takes the place of a comprehensive plan, good advice, and absolute trust between an advisor and client. I’m in this business to help guide my clients toward the successful achievement of their unique dreams. I take personal interest in the lives of my clients and care about them like family.”
Levi grew up enjoying the outdoors in Alaska, where he taught as a ski instructor and earned a B.A. from the University of Alaska. As a third generation pilot, Levi learned to fly bush planes from his father. Before his career as a Financial Advisor, Levi spent a decade working in public affairs, specializing in media relations and issue advocacy in roles that spanned from Sacramento to Washington, D.C.
A strong believer in the importance of investing in community, Levi serves on the boards of the Boys & Girls Club, Chico Chamber of Commerce, and is an active Rotarian. Levi and his wife Laura live in Chico with their two young children.
“Personal experience has convinced me that nothing takes the place of a comprehensive plan, good advice, and absolute trust between an advisor and client. I’m in this business to help guide my clients toward the successful achievement of their unique dreams. I take personal interest in the lives of my clients and care about them like family.”
Levi grew up enjoying the outdoors in Alaska, where he taught as a ski instructor and earned a B.A. from the University of Alaska. As a third generation pilot, Levi learned to fly bush planes from his father. Before his career as a Financial Advisor, Levi spent a decade working in public affairs, specializing in media relations and issue advocacy in roles that spanned from Sacramento to Washington, D.C.
A strong believer in the importance of investing in community, Levi serves on the boards of the Boys & Girls Club, Chico Chamber of Commerce, and is an active Rotarian. Levi and his wife Laura live in Chico with their two young children.
Securities Agent: CA, CT, DC, DE, FL, GA, HI, ID, IL, MA, MD, MN, MO, MT, NC, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, KY, AK, CO, AL, AR, AZ; General Securities Representative; Investment Advisor Representative
NMLS#: 1800848
CA Insurance License #: 0m71055
NMLS#: 1800848
CA Insurance License #: 0m71055
About Elliott Dutro
Born in Chico, Elliott grew up working on the family farm alongside his father and grandfather. He discovered his passion for financial services after starting in the lending industry in 2005. In 2009, Elliott began his financial planning career with J.P. Morgan and in 2014 moved his practice to Morgan Stanley. He focuses on complete financial planning, advising clients on how to save for college, how to generate income in retirement, estate planning strategies and everything in between. Elliott has a particular talent for making complex financial topics simple and easy to understand.
“The goal of financial planning is not just to make money, it’s so that the existence of the plan is to help provide confidence and freedom to focus on the things in life more important than money. Poor money management can cause stress, health problems, strain marriages and business relationships. Good money management can help unlock a new clarity and confidence for a person to be the best version of themselves.”
Elliott feels a strong responsibility to his community, volunteering to serve on the 2016/2017 Butte County Grand Jury and actively serves on the governing board of the Boys and Girls Club of the North Valley. He married his wife Jenn in 2010 and together they have 3 children, Scarlet, Oliver and Piper. In his spare time, Elliott enjoys fishing, restoring Ford Mustangs, gardening/farming, smoking meats and wine tasting.
“The goal of financial planning is not just to make money, it’s so that the existence of the plan is to help provide confidence and freedom to focus on the things in life more important than money. Poor money management can cause stress, health problems, strain marriages and business relationships. Good money management can help unlock a new clarity and confidence for a person to be the best version of themselves.”
Elliott feels a strong responsibility to his community, volunteering to serve on the 2016/2017 Butte County Grand Jury and actively serves on the governing board of the Boys and Girls Club of the North Valley. He married his wife Jenn in 2010 and together they have 3 children, Scarlet, Oliver and Piper. In his spare time, Elliott enjoys fishing, restoring Ford Mustangs, gardening/farming, smoking meats and wine tasting.
Securities Agent: UT, TX, TN, NM, MN, CA, AL, NJ, HI, SC, IL, GA, SD, OH, MD, WA, VA, RI, ID, VT, OR, NV, NC, MA, WV, MO, MT, CT, WI, PA, OK, NY, DC, KY, FL, DE, CO, AZ, AR; General Securities Representative; Investment Advisor Representative
NMLS#: 1520217
CA Insurance License #: 0G89027
NMLS#: 1520217
CA Insurance License #: 0G89027
About Me
Securities Agent: TX, NH, PR, NE, MI, ME, AR, WI, OK, IN, TN, SC, RI, ND, MS, MO, MA, AL, KY, ID, AZ, AK, WV, WA, VA, MN, LA, CT, DE, DC, CO, UT, PA, NY, NM, KS, IL, FL, OH, WY, VT, NJ, NC, IA, HI, CA, VI, SD, MT, MD, GA, OR, NV; General Securities Representative; Investment Advisor Representative
NMLS#: 2369391
NMLS#: 2369391
About Vitia Kozielski
I have more than 24 years’ experience in the financial services industry and joined Morgan Stanley in 2008. I focus on wealth advisory services, aggregated reporting, and analyzing the complex opportunities and challenges you may face.
In 2000 I co-founded The Salvagno Group at UBS, and was responsible for the trading and management of more than $800 Million in equities, fixed income and alternative investments. I earned the title of Wealth Advisor in 2007 after completing 2 years of rigorous courses and training in investment management, estate and trust planning strategies, risk management and other matters pertinent to ultra-high net worth clientele.
Prior to UBS, I served as a commercial banker for Wells Fargo and Washington Mutual. I hold a Bachelor’s degree in Finance from California State University Chico. I am the father to three lovely daughters, in my spare time I can be found on the ski slopes, mountain biking or taking in the vast beauty traveling the United States.
In 2000 I co-founded The Salvagno Group at UBS, and was responsible for the trading and management of more than $800 Million in equities, fixed income and alternative investments. I earned the title of Wealth Advisor in 2007 after completing 2 years of rigorous courses and training in investment management, estate and trust planning strategies, risk management and other matters pertinent to ultra-high net worth clientele.
Prior to UBS, I served as a commercial banker for Wells Fargo and Washington Mutual. I hold a Bachelor’s degree in Finance from California State University Chico. I am the father to three lovely daughters, in my spare time I can be found on the ski slopes, mountain biking or taking in the vast beauty traveling the United States.
Securities Agent: HI, AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1230842
CA Insurance License #: 0C56588
NMLS#: 1230842
CA Insurance License #: 0C56588
About Lindsay Key
Lindsay has been providing comprehensive Financial Planning and Wealth Management to her clients since 2005. She is passionate about supporting individuals and families in evaluating where they stand in relation to their financial goals and implementing the appropriate strategies designed to accomplishing them. Lindsay has developed complex strategies for tax efficiency, wealth accumulation, and retirement income as well as Estate Planning and charitable giving. But most of all, she cherishes the long standing relationships she has established over the years with her clients and their families, striving to understand their evolving needs and collaborating on the road map to their achievements.
Lindsay has loved being able to travel the world and lived in Paris, France after studying philosophy at California State University, Sacramento. She then returned to her hometown to build her career in Northern California and now spends her time with her young son exploring the Sierra Foothills where they live.
Lindsay has loved being able to travel the world and lived in Paris, France after studying philosophy at California State University, Sacramento. She then returned to her hometown to build her career in Northern California and now spends her time with her young son exploring the Sierra Foothills where they live.
Securities Agent: MN, WY, GA, PA, OK, OH, HI, AR, VA, SD, NM, TN, ID, AK, WA, TX, NY, RI, MD, CO, NV, NJ, IL, CA, OR, FL, AZ, NC, MT; General Securities Representative; Investment Advisor Representative
NMLS#: 2487627
NMLS#: 2487627
About Meliah Bird
As a Portfolio Associate Meliah has earned her series 7, and series 66 securities licenses making her uniquely qualified to handle the full spectrum of your service needs. Meliah joined Morgan Stanley in 1999, and prior to joining our team worked in operations as Senior Registered Service Associate. Meliah's education and vast experience will allow us to continue to deliver the high level of personalized service that you deserve.
About Lauren LaGrande
Lauren grew up outside of San Francisco and earned her undergraduate degree in Business of Agriculture at Chico State University. She began her career in the mortgage industry where her driven work ethic, attention to detail and client-first approach led her to quickly rise as a service specialist and trusted industry expert. Lauren transitioned to Morgan Stanley in 2023 and quickly became an integral part of the BEVL Group service team. Lauren values building relationships with clients and couldn’t be more enthusiastic to work with you.
Lauren lives near Chico with her husband Logan, and their three young children.
Lauren lives near Chico with her husband Logan, and their three young children.
About Tim Parsons
Tim Parsons is a Wealth Management Associate at Morgan Stanley, where he applies his experience and dedication to helping clients achieve their financial goals. With a positive attitude, and commitment to providing excellent customer service, he is known for his problem-solving skills and approachability. Outside of work, Tim enjoys hitting the slopes, golfing, and spending time with his wife and daughter, who are his greatest inspirations. Tim met his wife in the Sac State Snowboard Club while attending college at Sacramento State University, where he earned his Degree in Finance.
Contact Levi Russell
Contact Elliott Dutro
Contact Nick Magers
Contact Vitia Kozielski
Contact Lindsay Key
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
Sue Callantine
Private Banker
About Sue Callantine
Sue Callantine is a Private Banker serving Morgan Stanley Wealth Management offices in California.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Sue began her career in financial services in 1997, and joined Morgan Stanley in 2019 as a Private Banker. Prior to joining the firm, she was a Private Banker at Bank of the West. She also served as a Private Banker at Wells Fargo Bank, N.A. and Bank of America.
Sue is a graduate of the University of Alaska Anchorage, where she received a Bachelor of Business Administration in Management. She lives in Orangevale, California with her husband. Outside of the office, Sue enjoys gardening, reading and traveling. She also serves on the Hope Gala Board of Ambassadors for the American Cancer Society.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Sue began her career in financial services in 1997, and joined Morgan Stanley in 2019 as a Private Banker. Prior to joining the firm, she was a Private Banker at Bank of the West. She also served as a Private Banker at Wells Fargo Bank, N.A. and Bank of America.
Sue is a graduate of the University of Alaska Anchorage, where she received a Bachelor of Business Administration in Management. She lives in Orangevale, California with her husband. Outside of the office, Sue enjoys gardening, reading and traveling. She also serves on the Hope Gala Board of Ambassadors for the American Cancer Society.
NMLS#: 619891
Wealth Management
Global Investment Office
Portfolio Insights
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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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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
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
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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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
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 BEVL Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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.
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
7Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
8When 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.
9The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
10Investors 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.
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
12When 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.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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.
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
7Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
8When 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.
9The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
10Investors 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.
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
12When 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.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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)
