Kevin R Kurtz, CFP®, CFA
Executive Director, Financial Advisor, Senior Portfolio Management Director
Phone:
(405) 879-7141(405) 879-7141
Industry Award WinnerOur Mission Statement
Experience, unbiased advice and dedicated personal service to help you meet your life goals
Welcome
Our team works with an exceptional clientele of individuals, families, and their businesses and foundations. We deliver the insight, experience and extensive capabilities of a global financial leader to help our clients preserve and grow their assets, secure their legacies and address the many other complex challenges of managing wealth.
Your family is unlike any other we have ever served. You may, however, share many of the same questions, challenges and opportunities. We look forward to learning more about you and your family, and discussing how we can help you preserve what you have earned and pursue your most important life goals.
As a testament to our commitment to dedication that we provide to our clients, our team was named as a 2023, 2024 & 2025 Forbes Best-In-State Wealth Management Teams for the state of Oklahoma. We are proud to be among an elite group of advisors who continue to set the standard in this industry.
[Source: Forbes (Awarded Jan 2023, Jan 2024 & Jan 2025). Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/22, 3/31/22- 3/21/23. & 3/21/23-3/21/24]
Your family is unlike any other we have ever served. You may, however, share many of the same questions, challenges and opportunities. We look forward to learning more about you and your family, and discussing how we can help you preserve what you have earned and pursue your most important life goals.
As a testament to our commitment to dedication that we provide to our clients, our team was named as a 2023, 2024 & 2025 Forbes Best-In-State Wealth Management Teams for the state of Oklahoma. We are proud to be among an elite group of advisors who continue to set the standard in this industry.
[Source: Forbes (Awarded Jan 2023, Jan 2024 & Jan 2025). Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/22, 3/31/22- 3/21/23. & 3/21/23-3/21/24]
Services Include
- Financial PlanningFootnote1
- Professional Portfolio ManagementFootnote2
- Alternative InvestmentsFootnote3
- Cash Management and Lending ProductsFootnote4
- Stock Option PlansFootnote5
- 401(k) Rollovers
- Planning for Education FundingFootnote6
- Estate Planning StrategiesFootnote7
- Municipal BondsFootnote8
- 529 PlansFootnote9
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Solutions At Every Stage
Our investment strategies utilize Morgan Stanley's many resources and are customized to help give each client what they want, and need, at every stage of their financial life through retirement, taking into consideration taxes, estate planning and philanthropic goals.
Custom Portfolio Management
Our team includes two Senior Portfolio Management Directors, who are both Certified Financial Planners, and one of whom is a Chartered Financial Analyst. We utilize that experience to help build portfolios designed to maximize returns taking into consideration your investment time horizon, risk tolerance and long-term goals. Understanding that investing is more a marathon than a sprint, we actively monitor and adjust our portfolios to change not just according to the markets, but your life and evolving needs.
Private Equity
Private Equity Serves as an excellent diversifier and potential return enhancer in one's portfolio. Since analysts predict that companies will stay private longer, and public market return expectations decline compared with the past decade, we believe Private Equity can provide clients with excellent risk/reward metrics when compared to public markets. We have the ability to invest clients in both true Private Equity, where our clients become Limited Partners, as well as in more accessible "Evergreen" structures with lower minimums, 1099 tax reporting and more frequent liquidity.¹
Private Real Estate
Private Real Estate's goal is to diversify your portfolio with uncorrelated, inflation-resistant real asset which can provide tax advantaged income as well as potential for appreciation. The funds we use are well diversified by both property type and location, focused on high quality assets with high occupancy rates.²
Private Credit
Private Credit strategies enable our clients to invest in funds that originate loans to middle market companies or purchase loans in the secondary markets. Benefits can include portfolio diversification, higher returns and lower volatility versus traditional bonds, uncorrelated returns and stable current income.³
Special Situation Funds
We often invest in funds designed to meet special needs, including exchange funds which can help diversify concentrated stock positions while deferring taxes; 1031 exchange funds which enable investors to defer gains on real estate by purchasing special REITS, and opportunity zone funds, which enable investors to defer and reduce taxes capital gains.
Focus on Tax Efficiency and Long Term Planning
Our choice of investment strategies always considers the impact of taxes on our returns. We regularly use tax-loss harvesting and always work with your CPA to minimize taxes, We can create interactive financial plans which provide a long term context to make sense of your mix of investment strategies. plans are continually monitored and updates to ensure you have the income and resources to match the lifestyle you envision, while accounting for the unexpected.
Working With You
Morgan Stanley's personalized wealth management process is designed to create a roadmap for your financial future. Leveraging our vast resources - including intellectual capital, experience and dedicated service - we can work with you to create a personalized wealth strategy. Then, over time, we can adapt it to changing circumstances, helping you to achieve - and protect - your goals. We follow a disciplined process that allows us to work with you to craft strategies that help meet your individual needs. This process aligns our efforts with your interests, providing a road map focused on what is most important to you.
Step 1: Introductory Meeting
Our relationship begins with an initial discussion aimed towards getting to know you, your lifestyle, and your future goals. We use this conversation as a baselines in order to learn who you are, what you do, and how we can help.
Step 2: Discovery Meeting
During the discovery meeting, we will work together to establish your financial goals by reviewing your current financial situation and developing an appropriate risk tolerance that can help you achieve the financial outcome you envision for yourself. This analysis allows us to better understand what investment vehicles and Morgan Stanley resources would be most applicable. We take all aspects of your life into account in order to establish a path towards your short and long term goals.
Step 3: Financial Plan Presentation
Financial plan presentations map out essential factors that play into your financial success such as your employee and employer contributions, liquidity events, and insurance coverage. Examining relevant financial information provides a holistic asset allocation analysis for your accounts, helping ensure a comprehensive financial plan.¹
Step 4: Action Items / Next Steps
After the financial plan presentation, we will follow up with you regarding your analysis and recommendations, which may include adjustments to your financial plan, investment allocation, company benefits and insurance coverage.
Step 5: Implementation Meeting
The implementation meeting focuses on creating prospective strategies custom designed for your specific needs. reccomended changes could include logistics, tax impact, asset allocation adjustments, and saving/ benefit modifications.
Step 6: Monitoring & Performance Tracking
Finally, we will be constantly monitoring your assets and analyzing your performance tracking data seeking to ensure your financial expectations are being met and adjusted accordingly. We will keep a high degree of communication with you to make sure your concerns and requests are always addressed. In the event of financial, life, or relationship changes, we will work with you to adjust in order to keep your goals intact.
Morgan Stanley Resources
At Morgan Stanley, we provide clients with easily digestible financial analysis from our market research experts. The links below provide further insight on the markets and economic landscape, as well a few digital client resources.
Portfolio Risk Platform
Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
Portfolio Risk Platform
2025 Income Tax Tables
Please refer to the link below for the 2025 Federal Income Tax Tables.
Click Here
Morgan Stanley Portfolio Solutions
Portfolios that harness Morgan Stanley's industry-leading advice, resources and risk management—calibrated to your specific goals.
Donor Advised Funds (DAF)
A solution that may help you execute planned giving, offer an efficient way to donate complex and illiquid assets, and simplify charitable giving reporting while potentially mitigating taxes. Bring philanthropy into your wealth plan and help amplify the impact of your giving through the Morgan Stanley Global Impact Funding Trust (MS GIFT).
MS GIFT
529 Education Savings Plans
529 plans offer a flexible, tax-advantaged way to invest for education expenses while helping to improve estate planning. Gain fiduciary oversight of your education funding strategy within the context of your broader portfolio through the exclusive Morgan Stanley National Advisory 529 Plan.
529 Plan Options at Morgan Stanley
The GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
GIC WeeklyModern Wealth Management Tools
- Morgan Stanley Online
- Total Wealth View
- Portfolio Risk Platform
- Digital Vault
- E Delivery
Location
6305 Waterford Blvd
Suite 240
Oklahoma City, OK 73118
US
Direct:
(405) 841-3911(405) 841-3911
Fax:
(405) 213-1612(405) 213-1612
Meet Red Rock Group
Ian Ogilvie, CFP®
Executive Director, Financial Advisor, Senior Portfolio Management Director
Phone:
(405) 879-7122(405) 879-7122
Phone:
(405) 841-3946(405) 841-3946
Ehrynn Shephard
Portfolio Associate
Phone:
(405) 841-3931(405) 841-3931
About Kevin R Kurtz
KEVIN KURTZ, CFA®, CFP®, Senior Portfolio Management Director
Kevin began his career at Morgan Stanley in 2001, becoming the second member of our team.
Kevin earned a Bachelor’s degree cum laude in Economics from Harvard University, where he competed for the Harvard wrestling team. Kevin is an active participant in Friends of Harvard wrestling and is also the Chairperson for the Schools and Scholarships committee of the Oklahoma Harvard Alumni Association.
He was an Oklahoma State Champion wrestler in 1996 and led El Reno to their first state team championship. He was also a three-time Cadet National Champion. He obtained his Certified Financial PlannerTM certification in 2004 and earned his Chartered Financial Analyst® designation in 2010.
Kevin is married to Stephany and they have two sons, Kylar and Foxx.
Kevin began his career at Morgan Stanley in 2001, becoming the second member of our team.
Kevin earned a Bachelor’s degree cum laude in Economics from Harvard University, where he competed for the Harvard wrestling team. Kevin is an active participant in Friends of Harvard wrestling and is also the Chairperson for the Schools and Scholarships committee of the Oklahoma Harvard Alumni Association.
He was an Oklahoma State Champion wrestler in 1996 and led El Reno to their first state team championship. He was also a three-time Cadet National Champion. He obtained his Certified Financial PlannerTM certification in 2004 and earned his Chartered Financial Analyst® designation in 2010.
Kevin is married to Stephany and they have two sons, Kylar and Foxx.
Securities Agent: MA, IN, VT, TN, AZ, MT, OH, IL, OK, NV, MS, LA, AR, AL, WA, CO, CA, NC, FL, DE, WI, SC, GA, TX, OR, NY, MO, KS, NM, MD, KY; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1275578
NMLS#: 1275578
About Ian Ogilvie
Ian began his career practicing corporate and securities transactional law with major law firms in New York City before joining an asset management firm there. He joined Morgan Stanley in 2011. Ian earned his Bachelor’s degree in Government from Harvard University, and his Juris Doctor law degree cum laude from St. John’s University School of Law, where he was Assistant Editor of the Law Review. Ian is a member of Oklahoma City Rotary Club 29, board member and Past Chair of the Oklahoma Governor’s International Team, a board member of Oklahoma Contemporary Arts Center, and President of the Harvard Club of Oklahoma City. Ian was born and brought up in Montreal, Canada.
Securities Agent: FL, WA, VA, NM, CA, OK, NC, AZ, AL, TN, OR, KY, AR, MS, MO, KS, IL, WI, MA, UT, SC, OH, NY, DE, DC, NV, MT, MD, LA, CO, TX, ID, VT, NE, IN, GA; General Securities Representative; Investment Advisor Representative
NMLS#: 1425589
CA Insurance License #: 4114912
NMLS#: 1425589
CA Insurance License #: 4114912
About Christopher D. Neumann
Christopher Neumann began his career at Morgan Stanley in 2010 before spending several years at a competitor and returning to Morgan Stanley in 2014. Christopher earned his Bachelor’s degree in Business Administration from The University of San Diego and a Master’s Degree in Hospitality Administration from Oklahoma State University. He also studied International Business and Finance in Guadalajara.
Christopher is an active member of Christ the King Parish. He currently is the head Scout Master for Troop 120 with the Boy Scouts of America; he is also an Eagle Scout. He enjoys serving others and has a passion for being active, and making a meaningful difference, in peoples' lives. Christopher has been married to Brittany for 16 years and has two children, London and Sullivan.
Christopher is an active member of Christ the King Parish. He currently is the head Scout Master for Troop 120 with the Boy Scouts of America; he is also an Eagle Scout. He enjoys serving others and has a passion for being active, and making a meaningful difference, in peoples' lives. Christopher has been married to Brittany for 16 years and has two children, London and Sullivan.
Securities Agent: NM, MA, CA, AL, VT, OH, NV, KY, DC, VI, OR, DE, MD, KS, GA, CO, AZ, WA, TN, NC, MO, CT, OK, IN, AR, SC, LA, MS, IL, FL, NY, AK, WV, TX; General Securities Representative; Investment Advisor Representative
NMLS#: 813073
NMLS#: 813073
About Ehrynn Shephard
A Chickasha native, Ehrynn has over 20 years of experience in the financial services industry. She started in operations at Morgan Stanley 7 years ago, but began her career in banking in 2003 where she held a variety of roles including several management positions. When asked what she loved about leadership, Ehrynn says she loved creating a positive environment where she could help people achieve their goals. She brought that same passion to Morgan Stanley and now supports a team of advisors to help clients work towards their wealth aspirations through discovery, analysis, and problem solving . Ehrynn enjoys really getting to know each and every client!
Personally, Ehrynn enjoys time with her husband and three daughters. She has a passion for animals and is involved in animal rescue efforts across the city.
Personally, Ehrynn enjoys time with her husband and three daughters. She has a passion for animals and is involved in animal rescue efforts across the city.
Contact Kevin R Kurtz
Contact Ian Ogilvie
Contact Christopher D. Neumann
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2023-2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2023-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
Wealth Management
Global Investment Office
Portfolio Insights
This is a video content
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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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
Rational Investing in an Age of Uncertainty
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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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
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 Red Rock 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.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC 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
5Morgan 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.
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 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.
8Municipal 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.
9Investors 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.
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.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC 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
5Morgan 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.
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 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.
8Municipal 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.
9Investors 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.
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
CRC 4665150 (8/2025)
