Robert Runyan
Executive Director, Branch Manager, Family Wealth Advisor, Senior Investment Management Consultant, Financial Advisor
Phone:
(209) 576-3215(209) 576-3215
The Elrod & Runyan Group at Morgan Stanley
Direct:
(209) 576-3241(209) 576-3241
Direct:
(209) 576-3209(209) 576-3209
Toll-Free:
(800) 752-3215(800) 752-3215
Our Mission Statement
Excellence in family wealth planning for your family's unique goals
Our Story
The Elrod & Runyan Group at Morgan Stanley takes a personalized approach to discover what is important to you, what your long-term goals are, and what level of risk is appropriate for you. Once we learn who you are, we propose a portfolio construction that will help you reach your goals while minimizing the risk you need to take. This process is wrapped in a very high level of personalized service and regular contact with you. Bob and Tom have each been in the financial services industry for over 32 years and focus on personalized financial and retirement planning. Our investment philosophy is to be objective, tax-conscious, risk-mitigating, and cost-effective. Bob is married to Natalie and has four children. Tom and his wife, Jodie, have three children and seven grandchildren.
Named as one of 2024 Forbes Best-In-State Wealth Management Teams
2024 Forbes Best-In- State Wealth Management Teams
Source: Forbes.com (2024) Forbes Best-In-State Wealth Management Teams ranking awarded in 2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in March of the previous year the award was issued, having commenced in March of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC, for placement on its rankings. This ranking is based on in-person and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. These rankings are not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
© 2024 Morgan Stanley Smith Barney LLC. Member SIPC.
Named as one of 2024 Forbes Best-In-State Wealth Management Teams
2024 Forbes Best-In- State Wealth Management Teams
Source: Forbes.com (2024) Forbes Best-In-State Wealth Management Teams ranking awarded in 2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in March of the previous year the award was issued, having commenced in March of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC, for placement on its rankings. This ranking is based on in-person and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. These rankings are not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
© 2024 Morgan Stanley Smith Barney LLC. Member SIPC.
Services Include
- Wealth ManagementFootnote1
- 401(k) Rollovers
- Corporate BondsFootnote2
- Financial PlanningFootnote3
- Lending Products
- Municipal BondsFootnote4
- Professional Portfolio ManagementFootnote5
- Qualified Retirement PlansFootnote6
- Retirement PlanningFootnote7
- Sustainable InvestingFootnote8
- Alternative InvestmentsFootnote9
- Asset Management
- Divorce Financial AnalysisFootnote10
- Estate Planning StrategiesFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Comprehensive Financial Planning
Regardless of what stage your life is in - moving ahead in your career, enjoying retirement, or somewhere in between - as your Financial Advisors, the Elrod & Runyan Group is here to help you achieve your financial goals.
Using a suite of tools that includes goal-specific analysis, we can work with you to create a realistic, holistic strategy that integrates the various aspects of your financial life, including your investments and cash management needs.
We can create your personal roadmap to help achieve and protect your goals — a framework that makes the connection between your life goals and your financial resources, and provides a baseline for future discussions.
Using a suite of tools that includes goal-specific analysis, we can work with you to create a realistic, holistic strategy that integrates the various aspects of your financial life, including your investments and cash management needs.
We can create your personal roadmap to help achieve and protect your goals — a framework that makes the connection between your life goals and your financial resources, and provides a baseline for future discussions.
Savings and Cash Flow
Whether you are interested in building an emergency fund, buying a home, starting a family, or preparing for retirement, we are here to help you find the best way to save and invest as you strive to meet your financial goals.
Manage Debt
We thoroughly review your mortgage, auto loans, credit cards, and any other debts that you may have in order to help determine where you may be able to save on interest and create a timeline for your payments by prioritizing the debts that should be paid off first.
Insurance
We take an extensive look at your financial profile to decipher what type(s) of insurance most suit your particular needs, and determine if your current insurance policies are what is the best fit for you and your needs.
Retirement
Leading up to and through your retirement, we help you identify some of the most appropriate ways to achieve the income that you need and to help ensure that you are on track for your desired lifestyle.
Estate Planning Strategies
Regardless of your current financial situation, it is imperative to have a backup plan for your money in the event that something happens to you. We regularly review this information with you and coordinate with your estate attorney to help ensure that your wishes are met in the most efficient and cost-effective way possible.
Managing Investments
We keep an eye on your retirement accounts and other investments in accordance with your comfort level with risk and your current tax circumstances, tailoring your financial strategy to your unique situation, needs, and goals.
National Coverage
Here at the Elrod & Runyan Group, we deeply value the geographic diversity of our clients. Although our offices are based in Modesto, California, and Vancouver, Washington, we proudly serve clients across 38 states. So whether you live in the Rust Belt, the Sun Belt, or somewhere in between, we have you covered and are ready to help you attain your financial goals!
Working with You
Every individual or family's situation is unique, and we believe that your life's goals and finances deserve far more than an eight question survey and a choice of five investment models. Before any investment plan is proposed, our skilled team members take their time in learning about who you are, your current situation, and your short and long term goals. We care about more than merely what your balance sheet says. We want to know what your dreams are. Money is not the objective; it is the tool to help you reach your goals and achieve your dreams. What do you want to accomplish in life? What legacy do you want to leave? Learning these important facts about you allows us to develop a very personalized long term financial and investment plan to help you reach your goals without taking unnecessary risk. Our team discovers your dreams, proposes the approach, implements the plan, and monitors the results for you, allowing you to rest easy knowing that your portfolio is in good hands.
Modern Wealth Management Resource Center
Morgan Stanley proudly has a comprehensive suite of digital resources has been carefully designed to help enhance each facet of your financial portfolio. See some of the many technologies that we offer to our clients.
Morgan Stanley Online (MSO)
Your investments and everyday finances are always just a few clicks away with MSO and the Morgan Stanley mobile app! Access your finances and invest in an instant with the help of this useful tool that is accessible 24/7.
Learn more about MSO
Total Wealth View
Make your financial profile complete by using Total Wealth View. By linking your external account information, you will benefit from more educated and holistic wealth planning, and convenient connectivity.
Learn more about Total Wealth View
Goals-Based Planning
Working with the Elrod & Runyan Group and Morgan Stanley's Modern Wealth Management technology is an ideal way to access advice and build a comprehensive, holistic wealth plan. Read more about the various benefits of working with our unique planning technology to help reach your financial goals, whatever they may be.
Learn more about Goals-Based Planning
Reports and Podcasts
Morgan Stanley is committed to keeping you in the know on all things finance, and one of the ways that our clients stay educated is through our extensive library of financial reports and podcasts. These include, but are not limited to the Global Investment Community Weekly Report, the On the Markets Research Report, the Ideas Podcast, and the Thoughts on the Market Podcast.
Access the Thoughts on the Market Podcast
Online Security Center
Keeping your assets and personal information safe is among our highest priorities here at the Elrod & Runyan Group. Learn about Morgan Stanley's extensive security measures and take advantage of our numerous resources and ideas that are geared towards helping you stay protected on the World Wide Web.
Learn more about the Online Security System
2024 Tax Tables
This helpful resource outlines the 2024 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information. With tax season seemingly always right around the corner, it's best to be as informed as possible.
Access the 2024 federal tax tables
Cybersecurity Checklist
In a world that is now more virtual than ever, staying safe online is nothing short of paramount. Take advantage of these helpful hints on how to protect your online footprint.
Review Cybersecurity ChecklistValuable Tools and Resources
We believe financial education leads to better insights into our investment strategy and discipline, and ultimately, better long-term decisions. As a result, we are committed to providing you with important information about managing your wealth more effectively in today’s global markets.
We have assembled the following resources that reinforce the fundamental investment strategies and concepts of our practice. We’ve provided links to these materials, where available, and hope you’ll return often to learn more about the topics that impact your overall wealth.
We have assembled the following resources that reinforce the fundamental investment strategies and concepts of our practice. We’ve provided links to these materials, where available, and hope you’ll return often to learn more about the topics that impact your overall wealth.
Reserved Living & Giving
Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. Members can enjoy special discounts and timely insights to support them at home and beyond.
Click here for more information about our offersThoughts on the Market Podcast
With perspectives on the forces shaping the market, join Morgan Stanley's Chief Investment Officer and Chief US Equity Strategist as he and his colleagues discuss their viewpoints regarding the latest trends in the financial marketplace.
Check out the latest episodeSidestep Social Engineering Scams
In a world that is now more virtual than ever, staying safe online is nothing short of paramount. Take advantage of these helpful hints on how to tell if you've been hacked.
Learn how to detect hacking
You’re Ready for Retirement. Is Your Portfolio?
It’s important to determine how much money you may need to save for a comfortable retirement. Here are three strategies that can help you optimize your 401(k) plan.
Explore potential options
5 Unexpected Investment Ideas for 2024
Learn about key topics of interest to investors, including airline demand, copper supply, decarbonization’s investment potential, and more. We include insights on how investors are monitoring companies in specific sectors.
Click here to learn more
Rational Investing in an Age of Uncertainty
A growing number of psychological and financial theories called "behavioral finance" is showing that during uncertain times, it’s more important than ever to rely on available data and put aside emotion-fueled investing. Read more.
Learn more hereLocation
1020 10th Street
2nd Floor
Modesto, CA 95354
US
Direct:
(209) 576-3241(209) 576-3241
Toll-Free:
(800) 752-3215(800) 752-3215
1701 SE Columbia River Drive
Suite 120
Vancouver, WA 98661
US
Direct:
(209) 576-3209(209) 576-3209
Meet The Elrod & Runyan Group
Thomas Elrod
Executive Director, Financial Advisor, Family Wealth Advisor, Senior Portfolio Manager
Phone:
(209) 576-3209(209) 576-3209
Phone:
(209) 576-3286(209) 576-3286
Hilda Ramirez
Senior Client Service Associate
Phone:
(209) 576-3241(209) 576-3241
Madeline Runyan
Registered Client Service Associate
Phone:
(209) 576-3287(209) 576-3287
About Robert Runyan
Bob Runyan is an Executive Director who joined Morgan Stanley’s predecessor firm Smith Barney in 1993. In addition to being a Financial Advisor, he is also the Branch Manager of Morgan Stanley’s Modesto, California, office. Bob graduated with a degree in Finance from California State University, Stanislaus in 1990, and upon graduation, began working as a financial advisor at Merrill Lynch.
Bob was born and raised in the Turlock/Denair area, and still lives there today. He and his wife, Natalie, have four children: Bobby, Madeline, Tessa, and Joe. Bob is an active member of his community, where he is a member of the Lighthouse Family Church. In his free time, Bob enjoys snow skiing, scuba diving, cycling, and hunting.
2025 Forbes America’s Top Wealth Advisors & Best-In-State Wealth Advisors
Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors
Source: Forbes.com (Awarded April 2025) Data compiled by SHOOK Research LLC for the period 6/30/23 - 6/30/24.
Bob was born and raised in the Turlock/Denair area, and still lives there today. He and his wife, Natalie, have four children: Bobby, Madeline, Tessa, and Joe. Bob is an active member of his community, where he is a member of the Lighthouse Family Church. In his free time, Bob enjoys snow skiing, scuba diving, cycling, and hunting.
2025 Forbes America’s Top Wealth Advisors & Best-In-State Wealth Advisors
Forbes America's Top Wealth Advisors & Best-In-State Wealth Advisors
Source: Forbes.com (Awarded April 2025) Data compiled by SHOOK Research LLC for the period 6/30/23 - 6/30/24.
Securities Agent: LA, MD, ME, NH, NJ, OK, VI, VT, WV, NM, WY, UT, HI, MI, MT, SC, DC, WI, WA, VA, TX, TN, SD, RI, PR, PA, OR, OH, NY, NV, NE, ND, NC, MS, MO, MN, MA, KY, KS, IN, IL, ID, IA, GA, FL, DE, CT, CO, CA, AZ, AR, AL, AK; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 1071272
CA Insurance License #: 0A51263
NMLS#: 1071272
CA Insurance License #: 0A51263
About Thomas Elrod
Tom Elrod is an Executive Director, and Financial Advisor at Morgan Stanley based in Vancouver, Washington. He has been in the financial services industry since 1990 and joined Morgan Stanley's predecessor firm, Smith Barney, in October 1993. In 2024, Tom was recognized by Forbes on their list of Best in State advisors for the second consecutive year.
Before joining Morgan Stanley, Tom worked as a Financial Consultant for Merrill Lynch in Modesto, CA. Tom has a bachelor's degree in Business Administration with a finance emphasis from the University of Phoenix.
Tom lived in California for 55 years before moving to Washington State in 2019. He was born in Sacramento, raised in Santa Cruz, and called the California Central Valley his home for nearly 30 years.
Tom currently lives in Washougal, Washington, with his wife, Jodie, their Welsh Terrier, Tink, and their Airedale Tillie. Tom and Jodie have three adult children, Tommy, Tyler, and Tiffanie, along with eight beautiful grandchildren. He is also quite active in his community, where he is involved with Rise City Church, Gresham, OR, and One Church, Ripon, CA. After nearly 12 years as board President of The Food Initiative of Greater Stanislaus (formerly Inter-Faith Ministries of Greater Modesto), Tom now holds the honorary position of President Emeritus. Tom is a proud San Francisco Giants fan, and in his free time, enjoys skiing and scuba diving.
2023-2024 Forbes Best-In-State Wealth Advisors
2023-2024 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (2023-2024). Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-In-State ranking awarded in 2023-2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in March of the year the award was issued having commenced in March of the previous year. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ratings. These rankings are based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and these rankings may not be representative of any one client’s experience. These rankings are not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research or Forbes. For more information, see www.SHOOKresearch.com.
©2022 Morgan Stanley Smith Barney LLC. Member SIPC.
Before joining Morgan Stanley, Tom worked as a Financial Consultant for Merrill Lynch in Modesto, CA. Tom has a bachelor's degree in Business Administration with a finance emphasis from the University of Phoenix.
Tom lived in California for 55 years before moving to Washington State in 2019. He was born in Sacramento, raised in Santa Cruz, and called the California Central Valley his home for nearly 30 years.
Tom currently lives in Washougal, Washington, with his wife, Jodie, their Welsh Terrier, Tink, and their Airedale Tillie. Tom and Jodie have three adult children, Tommy, Tyler, and Tiffanie, along with eight beautiful grandchildren. He is also quite active in his community, where he is involved with Rise City Church, Gresham, OR, and One Church, Ripon, CA. After nearly 12 years as board President of The Food Initiative of Greater Stanislaus (formerly Inter-Faith Ministries of Greater Modesto), Tom now holds the honorary position of President Emeritus. Tom is a proud San Francisco Giants fan, and in his free time, enjoys skiing and scuba diving.
2023-2024 Forbes Best-In-State Wealth Advisors
2023-2024 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (2023-2024). Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-In-State ranking awarded in 2023-2024. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in March of the year the award was issued having commenced in March of the previous year. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ratings. These rankings are based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and these rankings may not be representative of any one client’s experience. These rankings are not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research or Forbes. For more information, see www.SHOOKresearch.com.
©2022 Morgan Stanley Smith Barney LLC. Member SIPC.
Securities Agent: MO, WA, TN, NE, HI, UT, SD, IA, IN, NY, CO, AL, TX, NV, NC, CA, WI, SC, MN, KS, GA, AZ, NM, MI, OK, MA, ID, FL, WY, OR; General Securities Representative; Investment Advisor Representative
NMLS#: 1279488
CA Insurance License #: 0A47819
NMLS#: 1279488
CA Insurance License #: 0A47819
About Joseph Runyan
Joseph Runyan is a Financial Advisor and Financial Planning Specialist at Morgan Stanley. He graduated from California State University, Stanislaus with a Bachelor of Science in Business Administration with a focus in Finance in 2022. After graduating from college, Joe became a financial advisor and joined Morgan Stanley in December 2022. He quickly earned his Financial Planning Specialist designation and has been helping individuals, families, and institutions achieve their financial goals ever since.
Joe is passionate about providing personalized and comprehensive financial advice to his clients. He believes in building long-term relationships based on trust, integrity, and excellence. He grew up in Denair, California and currently resides there with his three dogs and two cats. In his free time, Joe enjoys golfing, working out, skiing, and scuba diving.
2025 Forbes Best-In-State Wealth Management Teams
Forbes Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24.
Joe is passionate about providing personalized and comprehensive financial advice to his clients. He believes in building long-term relationships based on trust, integrity, and excellence. He grew up in Denair, California and currently resides there with his three dogs and two cats. In his free time, Joe enjoys golfing, working out, skiing, and scuba diving.
2025 Forbes Best-In-State Wealth Management Teams
Forbes Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24.
Securities Agent: TN, CA, IN, NV, NC, MN, FL, AZ, VA, SD, MA, AL, NE, WY, MI, OK, NM, MO, WI, TX, NY, ID, KY, KS, WA, SC, HI, CO, UT, OR, GA; General Securities Representative; Investment Advisor Representative
NMLS#: 2463345
NMLS#: 2463345
About Hilda Ramirez
Hilda Ramirez joined Smith Barney (later becoming Morgan Stanley) in 1998. In 1999, she accepted the position of administrative assistant with the Elrod & Runyan Group. Hilda is a vital part of the team in her current role as a Senior Client Service Associate.
Hilda was born in Mexico and immigrated to the United States at the age of four with her parents. Hilda has called the California Central Valley home ever since and currently lives in Modesto, California. In her free time she enjoys the responsibilities of being a mother and spending her time with her young son, Isaiah. She is also bilingual, being fluent in English and Spanish.
Hilda was born in Mexico and immigrated to the United States at the age of four with her parents. Hilda has called the California Central Valley home ever since and currently lives in Modesto, California. In her free time she enjoys the responsibilities of being a mother and spending her time with her young son, Isaiah. She is also bilingual, being fluent in English and Spanish.
Contact Robert Runyan
Contact Thomas Elrod
Contact Joseph Runyan
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
Savanah Arellano
Associate Private Banker
About Savanah Arellano
Savanah Arellano is an Associate Private Banker serving Morgan Stanley Wealth Management offices in Nevada and California.
Associate Private Bankers partner with Private Bankers and Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Savanah began her career in financial services in 2005, and joined Morgan Stanley in 2021 as an Associate Private Banker. Prior to joining the firm, she was a Wealth Management Associate at U.S. Bancorp.
She lives in Las Vegas, NV with her family. Outside of the office, Savanah enjoys reading, cooking and spending time with her kids at their sporting events and volunteering in their classrooms.
Associate Private Bankers partner with Private Bankers and Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Savanah began her career in financial services in 2005, and joined Morgan Stanley in 2021 as an Associate Private Banker. Prior to joining the firm, she was a Wealth Management Associate at U.S. Bancorp.
She lives in Las Vegas, NV with her family. Outside of the office, Savanah enjoys reading, cooking and spending time with her kids at their sporting events and volunteering in their classrooms.
NMLS#: 679740
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
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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Ready to start a conversation? Contact The Elrod & Runyan Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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.
4Municipal 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.
5Morgan 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.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7When 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Morgan 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.
11Morgan 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.
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.
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For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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.
4Municipal 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.
5Morgan 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.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7When 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Morgan 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.
11Morgan 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.
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Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
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)
