Jon Fedor, CFP®
Senior Vice President, Wealth Management, Financial Advisor, CERTIFIED FINANCIAL PLANNER®, Portfolio Management Director
Phone:
(513) 852-4460(513) 852-4460
The Fedor Group at Morgan Stanley
Direct:
(513) 721-2000(513) 721-2000
Our Mission Statement
Our goal is to become the primary source of financial advice for our clients and to empower them to make informed decisions that lead to long-term financial freedom.
Our Story and Services
The Fedor Group at Morgan Stanley is a Wealth Management team based in Cincinnati, OH. The team has had the privilege of serving the complex financial needs of families across the United States for years.
The Fedor Group is a dynamic portfolio management team, with Financial Advisors, Jon Fedor, Elizabeth Dreyer, and Nancy Del Grosso as your trusted wealth advisors. As Certified Financial Planners® and Financial Planning Specialists they have undergone a rigorous accreditation process, indicating an in-depth knowledge of the financial planning process, tax planning, retirement planning, estate planning and insurance. Currently, the group manages more than $650 million in assets.
The team focuses on developing customized strategies designed to reach their clients' unique goals by utilizing Morgan Stanley’s sophisticated research, as well as third-party professionals throughout the world, to build tailored investment portfolios. They then monitor those investments and provide proactive advice and service to help ensure continuity with your plan. Therefore, the cornerstone of discussions involves strategies to preserve wealth and mitigate risk.
The Fedor Group provides a personalized, high level service to clients with their best interests at heart. The team looks forward to becoming part of your financial future.
The Fedor Group is a dynamic portfolio management team, with Financial Advisors, Jon Fedor, Elizabeth Dreyer, and Nancy Del Grosso as your trusted wealth advisors. As Certified Financial Planners® and Financial Planning Specialists they have undergone a rigorous accreditation process, indicating an in-depth knowledge of the financial planning process, tax planning, retirement planning, estate planning and insurance. Currently, the group manages more than $650 million in assets.
The team focuses on developing customized strategies designed to reach their clients' unique goals by utilizing Morgan Stanley’s sophisticated research, as well as third-party professionals throughout the world, to build tailored investment portfolios. They then monitor those investments and provide proactive advice and service to help ensure continuity with your plan. Therefore, the cornerstone of discussions involves strategies to preserve wealth and mitigate risk.
The Fedor Group provides a personalized, high level service to clients with their best interests at heart. The team looks forward to becoming part of your financial future.
Services Include
- Financial PlanningFootnote1
- Professional Portfolio ManagementFootnote2
- Estate Planning StrategiesFootnote3
- Retirement PlanningFootnote4
- 401(k) Rollovers
- AnnuitiesFootnote5
- Life InsuranceFootnote6
- Long-term Care InsuranceFootnote7
- Alternative InvestmentsFootnote8
- Trust AccountsFootnote9
- 529 PlansFootnote10
- Planning for Education FundingFootnote11
- Divorce Financial AnalysisFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working with You
Our service commitment centers around a continual assessment of your goals, investments & performance while working with your other advisors, CPAs or Attorneys, to help you identify potential opportunities, reduce fees and simplify your life. To learn more, call or send an email.
The introductions that we have received from our clients' business and personal contacts are greatly appreciated. If we can be of assistance to your colleagues, family or friends in helping them to achieve their financial goals, have them contact us.
Portfolio Diversification
Stock concentration can be a result of previous investment strategies, employee stock plans, or inherited positions. Regardless of how your portfolio became concentrated, we are prepared to help you diversify your accounts and optimize your investments.
Career Change
A change in career or positions often affects an individual's financial picture. We will work closely with you to ensure the transition into the new role is aligned with your financial plan and future goals.
Higher Education Planning
Whether you are looking to plan for your own higher education goals or a loved ones, our team is passionate about helping plan for educational achievement and success.
Retirement Planning
As you look towards your future, our team will help create a plan that focuses on financial confidence and comfort in life's later stages.
Estate and Legacy Planning
The legacy you leave has a huge impact on the people in your life who you care for the most. Estate and legacy planning ensures that those closest to you will not be tasked with difficult financial decisions in your absence.
Divorce or Death of a Spouse
During these difficult times, our promise to clients is a dedication to protecting their interests while respecting their needs and wishes.
Plan Your Legacy
Our practice is committed to addressing the needs of all generations within the families we serve.
You’ve Been Named as Your Parent’s Executor. Now What?
If you've been named as your parent's executor, you'll find it's a role with both emotional and administrative tasks. Here are some key guidelines.
Behavioral Finance
While people are supposed to act in their own self-interest and make logical decisions, human beings are much more inclined to act emotionally when it comes to money – that's the core principle behind a school of thought called Behavioral Investing.
The State of Your Parents' Estate
Talking with a parent about estate planning is never easy. Here are several conversation starters that can help adult children and their parents' plan.
Education Saving Planning
Within the context of your overall wealth strategy, we are here to help you plan for future education expenses using best practices and presenting you with appropriate options for your college savings strategy.
How to Break the Ice Around Family Finances
Money is one of the trickiest topics to discuss. But avoiding the conversation can lead to problems. Learn how to start the dialogue with your family.
How Our Clients Think and Act
Choosing a financial advisor is a personal decision. We believe the right team should understand what matters most to you, communicate clearly and help you feel confident about your financial future. What do our clients value? What do they expect from their advisory relationship?
While every client is different, many clients we serve share these qualities:
• They want a trusted team that listens, understands the bigger picture and treats their goals with care.
• They value personalized advice that brings their investments, retirement needs and financial plans together.
• They appreciate straightforward explanations that make complex decisions easier to understand.
• They think beyond today and want to prepare for retirement, education, family needs and the legacy they hope to leave.
• They welcome guidance through life changes, including career transitions, retirement, divorce or the loss of a loved one.
• They value communication and a team that works with their attorneys, CPAs and other professionals.
Above all, our clients want a trustworthy, long-term relationship focused on helping them protect what they have built, support the people they care about, and pursue the life they envision.
While every client is different, many clients we serve share these qualities:
• They want a trusted team that listens, understands the bigger picture and treats their goals with care.
• They value personalized advice that brings their investments, retirement needs and financial plans together.
• They appreciate straightforward explanations that make complex decisions easier to understand.
• They think beyond today and want to prepare for retirement, education, family needs and the legacy they hope to leave.
• They welcome guidance through life changes, including career transitions, retirement, divorce or the loss of a loved one.
• They value communication and a team that works with their attorneys, CPAs and other professionals.
Above all, our clients want a trustworthy, long-term relationship focused on helping them protect what they have built, support the people they care about, and pursue the life they envision.
Location
221 East 4th St Atrium Two 22
Fl
Cincinnati, OH 45202
US
Direct:
(513) 721-2000(513) 721-2000
Meet The Fedor Group
Associate Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(513) 852-4457(513) 852-4457
Nancy Del Grosso
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager, Financial Planning Specialist
Phone:
(513) 852-4483(513) 852-4483
Michael Lindow
Financial Advisor
Phone:
(513) 762-5259(513) 762-5259
Joe Stark IV
Registered Client Relationship Analyst
Phone:
(513) 852-4489(513) 852-4489
Madeline Hagedorn
Registered Client Relationship Analyst
Phone:
(513) 762-5278(513) 762-5278
Megan Spaulding
Client Relationship Analyst
Phone:
(513) 852-4416(513) 852-4416
About Jon Fedor
Jon’s primary focus is to work with individuals and families to understand how their money can be used to accomplish their goals and help them visualize the “big picture” of their financial lives.
Jon believes that success in achieving important financial goals, regardless of the type of investor you are, is dependent on executing a comprehensive wealth strategy. By carefully defining what is most important at the outset, Jon then follows a consistent process to formulate strategies that are best suited to meet your investment, retirement, estate, and a liability needs.
Jon graduated cum laude from Miami University in 2001 with degrees in Finance and Management Information Systems. Upon graduation, Jon worked as an IT analyst for two years and then jumped at the opportunity to work with his Father as a member of the Fedor Group at Morgan Stanley. After serving as a Client Service Associate for two years, Jon earned his CERTIFIED FINANCIAL PLANNER™ certification in 2009.
Jon resides in Erlanger, KY with his wife Becky, and their two children and Goldendoodle. In addition to his role within the team, Jon is an active member of the St. Pius X Parish Festival Committee and was previously a Youth Soccer Coach. Jon believes in making an impact in the community by being involved directly.
Jon believes that success in achieving important financial goals, regardless of the type of investor you are, is dependent on executing a comprehensive wealth strategy. By carefully defining what is most important at the outset, Jon then follows a consistent process to formulate strategies that are best suited to meet your investment, retirement, estate, and a liability needs.
Jon graduated cum laude from Miami University in 2001 with degrees in Finance and Management Information Systems. Upon graduation, Jon worked as an IT analyst for two years and then jumped at the opportunity to work with his Father as a member of the Fedor Group at Morgan Stanley. After serving as a Client Service Associate for two years, Jon earned his CERTIFIED FINANCIAL PLANNER™ certification in 2009.
Jon resides in Erlanger, KY with his wife Becky, and their two children and Goldendoodle. In addition to his role within the team, Jon is an active member of the St. Pius X Parish Festival Committee and was previously a Youth Soccer Coach. Jon believes in making an impact in the community by being involved directly.
Securities Agent: IL, NY, DC, CT, WV, TN, OH, MO, WI, MI, AZ, IN, GA, TX, NH, MD, WA, KY, IA, CO, VA, SC, NC, PA, CA, FL; General Securities Representative; Investment Advisor Representative; Managed Futures
About Elizabeth Dreyer
Elizabeth Dreyer, CFP®️ is a Financial Advisor and a member of The Fedor Group at Morgan Stanley. She has been with Morgan Stanley since 2018 and is a CERTIFIED FINANCIAL PLANNER (CFP®️) and a Certified Divorce Financial Analyst (CDFATM). Elizabeth also holds a CPA (nonpracticing at Morgan Stanley) and started her career at KPMG auditing the financial statements of public and private companies in manufacturing, maritime and retail industries. After ten years in accounting and corporate finance, Elizabeth spent two years in nursing home administration guiding families through the long-term care process. She currently serves as a board member for Companions on a Journey, a non-profit organization based in West Chester, Ohio, that provides bereavement and educational services to help those who grieve and educates those who do not understand the world of grief.
Elizabeth strives to take her clients relationships beyond financial advice. She does this by being a safe place for her clients to turn to when making important life decisions. Her passion for building client relationships and providing exceptional care started in her childhood as she learned from her father’s journey as a business owner and entrepreneur and saw firsthand how treating clients like family and always being curious led to his personal and professional success. Elizabeth believes that true financial well-being goes beyond numbers –it’s about creating a secure and fulfilling life.
Outside of the office, Elizabeth enjoys family time with her husband and their three children. Together you might find them outdoors or taking in Cincinnati attractions including the Cincinnati Zoo and Kings Island. Elizabeth also enjoys playing pickleball, working out, and attending concerts with her husband, Nash.
Elizabeth strives to take her clients relationships beyond financial advice. She does this by being a safe place for her clients to turn to when making important life decisions. Her passion for building client relationships and providing exceptional care started in her childhood as she learned from her father’s journey as a business owner and entrepreneur and saw firsthand how treating clients like family and always being curious led to his personal and professional success. Elizabeth believes that true financial well-being goes beyond numbers –it’s about creating a secure and fulfilling life.
Outside of the office, Elizabeth enjoys family time with her husband and their three children. Together you might find them outdoors or taking in Cincinnati attractions including the Cincinnati Zoo and Kings Island. Elizabeth also enjoys playing pickleball, working out, and attending concerts with her husband, Nash.
Securities Agent: OH, NC, MN, CA, PA, IN, AZ, WV, WA, TX, CT, CO, MD, IL, VA, IA, DC, WI, TN, NH, MI, KY, GA, AL, SC, FL, MO; General Securities Representative; Investment Advisor Representative
NMLS#: 1894341
NMLS#: 1894341
About Nancy Del Grosso
Nancy Del Grosso is a seasoned Financial Advisor with Morgan Stanley, where she focuses on investment management and comprehensive wealth planning for individuals, families and businesses. During her career in Financial Services,
Nancy has built her practice around a simple but enduring principle: putting her clients’ best interests at the center of every relationship.
Nancy joined Smith Barney in 1994 as a Financial Consultant. Through subsequent name changes, mergers and the evolution of the firm into Morgan Stanley, she has continued to serve clients with dedication, professionalism and a strong focus on helping them pursue their financial goals.
Her work centers on helping clients navigate important financial decisions through thoughtful investment strategies and wealth planning tailored to their individual needs. Over the years, Nancy has been recognized in the Cincinnati community, having been nominated as a “Top Wealth Manager” by Cincinnati Magazine from 2008 through 2026.
Nancy currently lives in Bellevue, Kentucky. Outside of work, she enjoys traveling, appreciating the finer things in life, and spending meaningful time with her grandchildren.
Nancy has built her practice around a simple but enduring principle: putting her clients’ best interests at the center of every relationship.
Nancy joined Smith Barney in 1994 as a Financial Consultant. Through subsequent name changes, mergers and the evolution of the firm into Morgan Stanley, she has continued to serve clients with dedication, professionalism and a strong focus on helping them pursue their financial goals.
Her work centers on helping clients navigate important financial decisions through thoughtful investment strategies and wealth planning tailored to their individual needs. Over the years, Nancy has been recognized in the Cincinnati community, having been nominated as a “Top Wealth Manager” by Cincinnati Magazine from 2008 through 2026.
Nancy currently lives in Bellevue, Kentucky. Outside of work, she enjoys traveling, appreciating the finer things in life, and spending meaningful time with her grandchildren.
Securities Agent: AZ, IA, WV, VA, PA, MO, MI, MD, CT, CA, WA, NH, OH, KY, FL, TN, IN, DC, CO, GA, NC, IL, WI, SC, TX; General Securities Representative; Investment Advisor Representative
About Michael Lindow
Michael Lindow is a Financial Advisor with The Fedor Group at Morgan Stanley. He joined the firm in February, bringing with him an enthusiasm for helping individuals and families take meaningful steps toward their financial goals. Prior to joining Morgan Stanley, Michael worked as a registered representative at Western & Southern, where he helped families plan for final expenses and gained valuable experience guiding clients through personal and important financial conversations.
A graduate of the University of Cincinnati in the summer of 2024, Michael brings a fresh perspective and excitement for building lasting relationships with clients. He believes the best client relationships are built over time through trust, consistency, and truly understanding what matters most to each family. His goal is to be a long-term resource for clients as their lives and priorities evolve. Whether they are beginning their financial journey, navigating change, or planning, Michael is committed to helping clients feel supported, informed, and confident along the way.
Outside of work, Michael enjoys traveling with family and friends, playing soccer and golf, and discovering new restaurants in the Cincinnati area. His love for competition, exploration, and connection reflects the energy he brings to both his personal life and his work with clients.
A graduate of the University of Cincinnati in the summer of 2024, Michael brings a fresh perspective and excitement for building lasting relationships with clients. He believes the best client relationships are built over time through trust, consistency, and truly understanding what matters most to each family. His goal is to be a long-term resource for clients as their lives and priorities evolve. Whether they are beginning their financial journey, navigating change, or planning, Michael is committed to helping clients feel supported, informed, and confident along the way.
Outside of work, Michael enjoys traveling with family and friends, playing soccer and golf, and discovering new restaurants in the Cincinnati area. His love for competition, exploration, and connection reflects the energy he brings to both his personal life and his work with clients.
Securities Agent: FL, TX, SC, OH, CT, AZ, KY, CO, PA, MS, KS, MN, WI, TN, GA, ND, UT, OR, OK, NM, MO, MA, WV, NH, DC, NY, NJ, NE, IA, HI, WA, MI, VA, IL, NC, MD, IN, CA; General Securities Representative; Investment Advisor Representative
NMLS#: 2835767
NMLS#: 2835767
About Joe Stark IV
Joe is a Registered Client Relationship Analyst with the Fedor Group. Before joining the team in 2026, he spent seven years at Fidelity Investments as a Client Services Representative, assisting high-net-worth clients and developing extensive expertise in client service, trading, and operations.
In his current role, Joe supports the team by processing client requests related to money movement, trading, asset consolidation, and rollovers. He holds the Series 7 and Series 66 licenses, as well as Life and Health insurance licenses.
Outside of work, Joe enjoys spending time with his wife, Deana, and their three sons, Aidan, Brantley, and Tucker. Together, they enjoy camping and traveling.
In his current role, Joe supports the team by processing client requests related to money movement, trading, asset consolidation, and rollovers. He holds the Series 7 and Series 66 licenses, as well as Life and Health insurance licenses.
Outside of work, Joe enjoys spending time with his wife, Deana, and their three sons, Aidan, Brantley, and Tucker. Together, they enjoy camping and traveling.
About Madeline Hagedorn
Madeline is a Registered Client Relationship Analyst who joined the Fedor Group in 2026. Prior to joining the team, she spent four years as Branch Administrator at Morgan Stanley’s Kenwood Branch, where she developed a strong foundation in client service, operations, and branch administration.
In her current role, Madeline supports a wide range of administrative and operational functions, including coordinating client events and assisting clients with their day-to-day needs. She is known for her attention to detail, commitment to service, and dedication to helping create a seamless client experience.
Madeline graduated from the University of Cincinnati with a degree in Economics and joined Morgan Stanley shortly after graduation. Committed to continuous professional growth, she has earned her Series 7, Series 66, and Series 9/10 licenses during her time with the firm.
Outside of work, Madeline is actively involved in her community and regularly volunteers her time. She also enjoys baking and cooking, a passion she developed during her time as a professional baker. In her free time, Madeline enjoys traveling, playing disc golf, and exploring the countryside with her husband, Kevin.
In her current role, Madeline supports a wide range of administrative and operational functions, including coordinating client events and assisting clients with their day-to-day needs. She is known for her attention to detail, commitment to service, and dedication to helping create a seamless client experience.
Madeline graduated from the University of Cincinnati with a degree in Economics and joined Morgan Stanley shortly after graduation. Committed to continuous professional growth, she has earned her Series 7, Series 66, and Series 9/10 licenses during her time with the firm.
Outside of work, Madeline is actively involved in her community and regularly volunteers her time. She also enjoys baking and cooking, a passion she developed during her time as a professional baker. In her free time, Madeline enjoys traveling, playing disc golf, and exploring the countryside with her husband, Kevin.
About Megan Spaulding
Megan graduated from the University of Cincinnati in May of 2026 with a degree in finance. She began her career with The Fedor Group as an intern in January 2026 and joined the team full time as a Client Relationship Analyst in the fall of 2026. Megan is excited to continue growing with the group, building meaningful client relationships, and contributing to an exceptional client experience.
Outside of work, Megan enjoys exploring new coffee shops, going for walks, painting, traveling, and spending time with family and friends. Megan also values staying connected to her community and is an active member of St. Philip the Apostle in Morrow, Ohio.
Outside of work, Megan enjoys exploring new coffee shops, going for walks, painting, traveling, and spending time with family and friends. Megan also values staying connected to her community and is an active member of St. Philip the Apostle in Morrow, Ohio.
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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
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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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
Ready to start a conversation? Contact The Fedor Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
3Morgan Stanley 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.
4When 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.
5Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Alternative 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.
9Morgan 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.
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.
11When 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.
12Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
3Morgan Stanley 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.
4When 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.
5Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Alternative 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.
9Morgan 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.
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.
11When 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.
12Morgan 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.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
