Managing Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Workplace Advisor – Equity Compensation, Lending Specialist
Phone:
(212) 603-6204(212) 603-6204
The Fifth Avenue Group at Morgan Stanley
Our Mission Statement
Long-term Relationships Built on Trust, Acumen, and Transparency
Welcome
Together, we will explore your aspirations and the life you envision. We will work with you to translate your goals into a specific investment objective and personalized investment strategy. And then, drawing on the team’s experience — and perspective informed by the insight and resources of one of the world’s largest financial firms — we will structure a portfolio for you, executing and refining that strategy to help bring you closer to your definition of investment success.
Services Include
- Business PlanningFootnote1
- Cash Management and Lending ProductsFootnote2
- Divorce Financial AnalysisFootnote3
- Endowments and FoundationsFootnote4
- Estate Planning StrategiesFootnote5
- Executive Financial ServicesFootnote6
- Financial PlanningFootnote7
- Life InsuranceFootnote8
- Philanthropic Services
- Planning for Education FundingFootnote9
- Planning for Individuals with Special Needs
- Retirement PlanningFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Goals-Based Process
Our process begins and ends with what is important to you, your family and your legacy. Through each step, we provide objective advice and investment insights to construct a wealth management plan that is uniquely yours.
1. Introduction
We begin with an informal discussion to understand your financial concerns and determine how we can help add value. If we all agree to move forward, we'll schedule our next meeting and request important financial information.
2: Discovery
We continue the dialogue by fostering an in-depth conversation where we learn about the values that shape your decisions and identify any unique circumstances. We also review the documents you’ve prepared and define your priorities.
3: Asset Transfer
With your approval, we begin to transfer your assets to Morgan Stanley. Once transferred, we begin our goals-based financial planning process.
4: Analysis & Plan Development
Utilizing proprietary tools and insights from Morgan Stanley, we develop a personalized financial plan that integrates all of your available assets into one integrated plan.
5: Plan Presentation & Implementation
In this step, we present appropriate strategies that are designed to work together to help achieve your goals. Upon your approval, we will initiate the investment recommendations and begin to implement the additional strategies we’ve discussed. These often encompass risk management, as well as estate and legacy planning strategies.
6: Ongoing Service
Committed to premium service, we focus on developing a relationship that can potentially provide value to you and your family. As we begin to execute each strategy, we will set up tools so you have immediate access to your account information. And because markets and personal needs evolve over time, we set up ongoing meetings to help ensure your plan remains on schedule to achieve your goals.
Customized Solutions
As your wealth grows, so does its complexities and the resources needed to manage it effectively. We leverage our experience and relationships to deliver innovative strategies that are tailored to your needs. We look forward to speaking with you to understand your challenges, so we may map out a strategy to help achieve your particular priorities and goals.
Retirement Planning
One of our key areas of strength is helping you prepare for and thrive in retirement. From IRAs to RMDs, we manage the complexities of your comprehensive retirement plan assets, helping you easily transition to the next phase of your life with security and confidence.
Wealth Management
Wealth management brings all the dimensions of your life together. We listen carefully to understand the connections across your personal life, your family, your career, and your legacy goals to develop an integrated strategy that is uniquely yours.
Estate Planning Strategies
Delivering an estate to the next generation or favorite charity requires more attention than families often realize. We coordinate with your estate and tax professionals to align your legacy goals with the appropriate asset titling and beneficiary designation requirements, incorporating best practices to help enhance results.
Business Succession Planning
Owning a business represent years, if not decades, of hard work and entrepreneurial savvy. Yet, even the most astute business owners are often unfamiliar with the complexities that go into a successful succession strategy. We understand your succession in the context of your overall financial picture. We also work closely with your other advisors to help ensure your priorities are reflected in your succession strategy.
Planning for Education Funding
Committees and administrators are faced with the complex task of developing appropriate investment policy statements, understanding how to assess performance and finding superior fund managers. I help you and your investment committee reduce risk and increase returns, so you can preserve principal and generate income to be used for your philanthropic endeavors
Alternative Investments
Morgan Stanley’s global network affords us the ability to offer suitable clients a wide array of alternative investments to consider – from private equities and exchange funds to hedge funds and real estate investments. Our recommendations are based on your own goals and your tolerance for investment risk
Lending Products
We believe it’s important to consider all aspects of your finances when building your plan for the future. We offer a broad array of lending solutions that work together to complement your existing investment strategy.
Modern Wealth Management Tools and Resources
Morgan Stanley's comprehensive suite of digital resources has carefully been designed to help enhance each aspect of your financial portfolio. Take some time to learn about some of the many Modern Wealth Management resources that we offer to our clients.
LifeView
LifeView is a suite of planning tools that creates a realistic, integrated strategy meant to incorporate aspects of an individual’s financial life, including investments and cash management needs. It also provides progress-to-goals reporting which illustrate complex planning strategies.
MS Reserved
Morgan Stanley Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. The program is designed to enhance your lifestyle and relationship with the firm beyond traditional wealth management services.
Learn more about MS Reserved
Goals-Based Planning
Working with Morgan Stanley and its advanced wealth management technology is an ideal way to access advice and build a coherent wealth plan. Read more about the advantages of working with our unique planning technology to help reach your financial goals, whatever they may be.
Learn more about Goals-Based Planning
Portfolio Risk Platform
Morgan Stanley's Portfolio Risk Platform is powered by BlackRock's Aladdin risk engine, a state-of-the-art, innovative risk engine used by several of the world’s largest institutional asset managers, providing you with comprehensive risk analytics and a sophisticated view of the risk/return dichotomy across your financial portfolios.
Learn more about the Portfolio Risk Platform
Online Security Center
Safeguarding your assets and personal information is paramount to us here at Morgan Stanley. Learn about our 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 Center
Digital Vault
Keeping important documents and financial records organized and readily available is one of the best gifts you can give those you love in the event of a catastrophe or serious illness, disability, or death. Your Family Records Organizer can immediately provide vital and timely information to both your family and professional advisors. The Digital Vault allows you to construct a central, shared document library where all documents can be stored using encryption.
Log into your Digital VaultAwards and Recognitions
By putting clients first, our team's Financial Advisors are leading the way.
2025 Forbes Best-In-State Wealth Management Teams
Named to the 2025 Forbes Best-In-State Wealth Management Teams Ranking
Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period from 3/31/23–3/31/24.
Awards Disclosures
View Forbes ListingSource: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period from 3/31/23–3/31/24.
Awards Disclosures
2024 Forbes Best-In-State Wealth Management Teams
Named to the 2024 Forbes Best-In-State Wealth Management Teams Ranking
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23.
Awards Disclosures
View Forbes ListingSource: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23.
Awards Disclosures
Frank Delli Carpini - Forbes Best-In-State: 2019-2023
Frank has been named as a Forbes Best in State Wealth Advisors every year between 2019 and 2023.
2019-2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019-2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
View Forbes Listing2019-2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019-2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
A Wealth of Advice - Featured Article
The Fifth Avenue Group at Morgan Stanley explains in an article that goes into detail on how even in a changing market, the team is still able to help high net-worth individuals continue to reach their goals.
Featured ArticleLocation
55 East 52nd Street 10th
6th Floor
New York, NY 10055
US
Direct:
(212) 296-1051(212) 296-1051
Fax:
(212) 507-8354(212) 507-8354
Meet The Fifth Avenue Group
Tyler Gaffney
Senior Vice President, Wealth Management, Financial Advisor, Portfolio Management Director, Workplace Advisor – Equity Compensation
Phone:
(212) 296-1047(212) 296-1047
Phone:
(212) 603-6213(212) 603-6213
Phone:
(212) 903-7618(212) 903-7618
Philip Kang
Assistant Vice President, Wealth Management Associate
Phone:
(212) 296-1048(212) 296-1048
David Ippolito, CFP®*
Assistant Vice President, Director of Business Strategy, Portfolio Management Associate
Phone:
(212) 603-6210(212) 603-6210
Robert Sprotte, CAIA*
Vice President, Consulting Group Analyst, Portfolio Management Associate
Phone:
(212) 296-0242(212) 296-0242
Takara McDermott
Registered Client Service Associate
Phone:
(212) 296-9064(212) 296-9064
Mary O'Hara
Registered Client Service Associate
Phone:
(212) 296-1016(212) 296-1016
About Frank Delli Carpini
Frank Delli Carpini is the senior partner within The Fifth Avenue Group at Morgan Stanley, and is a 30-plus year veteran of the financial services industry. His titles include Managing Director, Senior Portfolio Management Director, Dedicated Equity Plan Specialist and a Financial Advisor. He is also a member of the Chairman's Club (2023). He is dedicated to creating customized investment portfolios and strategies that bring the teams clients closer to their financial objectives. Frank’s areas of concentration range from tactical equity strategies to strategic fixed income solutions as well as advanced portfolio construction. In addition, Frank’s experience in the utilization of equity options strategy can, at times, compliment traditional investment portfolios.
During the past three decades, Frank has been dedicated to making a difference in the lives of children and adults with special needs. Through a personal foundation, he has raised funds for the National Down Syndrome Society, he has served as a special advisor to the board of the Vocational Independence Program at the New York Institute of Technology, and he has served on the board of directors for the Special Olympics New York. Frank graduated from Iona College in New Rochelle, NY and resides in Bedford, New York.
During the past three decades, Frank has been dedicated to making a difference in the lives of children and adults with special needs. Through a personal foundation, he has raised funds for the National Down Syndrome Society, he has served as a special advisor to the board of the Vocational Independence Program at the New York Institute of Technology, and he has served on the board of directors for the Special Olympics New York. Frank graduated from Iona College in New Rochelle, NY and resides in Bedford, New York.
Securities Agent: DC, AK, NC, CT, AZ, WV, WA, OR, MT, MI, MA, CA, AR, WI, ME, MD, LA, WY, VI, IN, IL, DE, TX, PR, NY, NV, NJ, GA, IA, AL, TN, RI, MN, CO, VA, PA, NH, ID, OK, OH, NM, KS, VT, SC, MO, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 1608151
NMLS#: 1608151
About Tyler Gaffney
Tyler Gaffney is a First Vice President, Portfolio Management Director, and Financial Advisor on The Fifth Avenue Group within the Wealth Management Division at Morgan Stanley. His focus is on investment management, business development and private client origination. His other responsibilities include equity, options, and fixed income trading; annuity and insurance solutions; alternative investments, and general relationship management. Tyler also assists with portfolio construction, investment selection and asset allocation for the team’s discretionary portfolios.
Tyler joined Morgan Stanley in January 2008, as a Registered Client Service Associate on The Fifth Avenue Group and has been a Financial Advisor since 2012. Tyler graduated in 2007 from Brown University with a Bachelor of Arts in commerce, organizations, and entrepreneurship. He lives with his wife and three children in Greenwich, Connecticut, and is an avid golfer, skier, and racquets player.
Tyler joined Morgan Stanley in January 2008, as a Registered Client Service Associate on The Fifth Avenue Group and has been a Financial Advisor since 2012. Tyler graduated in 2007 from Brown University with a Bachelor of Arts in commerce, organizations, and entrepreneurship. He lives with his wife and three children in Greenwich, Connecticut, and is an avid golfer, skier, and racquets player.
Securities Agent: OH, IL, ID, KY, WV, NH, CO, CA, AK, VA, RI, NM, FL, AL, WI, WA, OK, GA, TX, SC, DE, DC, NJ, NC, KS, PA, NV, MI, MA, CT, WY, MT, AZ, NY, ME, TN, MO, MN, MD, LA, OR; General Securities Representative; Investment Advisor Representative
NMLS#: 1368460
NMLS#: 1368460
About Sandra Gabay
Sandra Gabay is a Vice President and Financial Advisor with The Fifth Avenue Group at Morgan Stanley. As a CERTIFIED FINANCIAL PLANNER™ (CFP®) with over ten years of experience, Sandra focuses on providing comprehensive wealth management and financial planning services. Understanding that investing is a truly personal experience, she works with clients to help them meet their long-term goals—discussing topics such as asset allocation, risk tolerance, retirement, education funding, insurance, lending and estate planning strategies.
Prior to joining Morgan Stanley in 2016, Sandra was a Financial Advisor at the UBS Headquarters office in Manhattan, NY. She began her career at Wells Fargo Advisors, where she obtained her Series 7 and 66 securities licenses as well as her life and health insurance licenses. In addition to the CFP®, Sandra holds the Certified Investment Management Analyst (CIMA®) designation, administered by the Investments and Wealth Institute, and taught in conjunction with The Wharton School at the University of Pennsylvania.
Sandra is also a Certified Divorce Financial Analyst® who works with clients to help them navigate the divorce or separation process. As a CDFA®, Sandra assists clients with budgeting, asset preservation strategies, settlement review and attorney or mediator communications.
Disclaimer:
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
Prior to joining Morgan Stanley in 2016, Sandra was a Financial Advisor at the UBS Headquarters office in Manhattan, NY. She began her career at Wells Fargo Advisors, where she obtained her Series 7 and 66 securities licenses as well as her life and health insurance licenses. In addition to the CFP®, Sandra holds the Certified Investment Management Analyst (CIMA®) designation, administered by the Investments and Wealth Institute, and taught in conjunction with The Wharton School at the University of Pennsylvania.
Sandra is also a Certified Divorce Financial Analyst® who works with clients to help them navigate the divorce or separation process. As a CDFA®, Sandra assists clients with budgeting, asset preservation strategies, settlement review and attorney or mediator communications.
Disclaimer:
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
Securities Agent: ID, MN, VI, NJ, DE, DC, WI, VT, MA, WA, TX, AL, RI, OR, IN, IL, GA, AK, WV, NY, NC, MI, CT, CA, AZ, WY, IA, VA, PA, NH, LA, SC, OK, OH, KS, FL, CO, MT, MO, ME, MD, AR, TN, PR, NV, NM; General Securities Representative; Investment Advisor Representative
NMLS#: 1809624
NMLS#: 1809624
About Anne A Rutherford
Anne Rutherford is a Vice President and Financial Advisor within the 5th Avenue Group at Morgan Stanley. Her responsibilities include business development, financial planning, and tax-efficient investing. She holds the Certified Financial Planning® designation along with the Certified Financial Divorce Analyst® designation.
Anne has more than 39 years in the financial services industry, with more than 29 years with Morgan Stanley. Anne leverages her experience within the financial services industry to bring the full resources of Morgan Stanley to provide solutions and support for our clients.
Anne graduated from Sarah Lawrence College in Bronxville NY with a liberal arts degree concentrating in art and science. She lives in West Norwalk, Connecticut with her family and two boxers. She has a love for travel and food and enjoys all sports, snorkeling and scuba diving.
Anne has more than 39 years in the financial services industry, with more than 29 years with Morgan Stanley. Anne leverages her experience within the financial services industry to bring the full resources of Morgan Stanley to provide solutions and support for our clients.
Anne graduated from Sarah Lawrence College in Bronxville NY with a liberal arts degree concentrating in art and science. She lives in West Norwalk, Connecticut with her family and two boxers. She has a love for travel and food and enjoys all sports, snorkeling and scuba diving.
Securities Agent: PA, AK, NV, MO, IL, WV, SC, CA, OH, WI, NJ, FL, DC, CO, VA, OR, NC, CT, TX, MD, GA, VT, AR, AL, WA, TN, NH, MI, MA, LA, ME, IN, IA, DE, AZ, UT, RI, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 1288305
NMLS#: 1288305
About Philip Kang
Philip Kang is a Wealth Management Associate for the Fifth Avenue Group. Philip joined Morgan Stanley in 2007, and has held the position of Senior Registered Associate and Relationship Manager. Phil oversees all aspects of the Team's operational and administrative matters. His primary focus is on leadership and coordination for the development and implementation of client facing processes, such as client onboarding, trade execution, and reconciliation matters.
Philip began his career on Wall Street in 1998 and attended City College of New York.
Areas of Focus:
• Relationship Management
• Operational Support
• Market Updates
• Client Communication
• Trading
Philip began his career on Wall Street in 1998 and attended City College of New York.
Areas of Focus:
• Relationship Management
• Operational Support
• Market Updates
• Client Communication
• Trading
About David Ippolito, CFP®*
David Ippolito is the Director of Business Strategy for The Fifth Avenue Group. David is a CERTIFIED FINANCIAL PLANNER™* and has more than 15 years of experience in the financial services industry. David’s responsibilities include financial planning, portfolio management and construction, risk management, and serves as the team point person in providing access to lending solutions. He is instrumental in assisting clients navigate the full array of products and services offered on the Morgan Stanley platform.
Prior to joining Morgan Stanley in 2016, David was a Wealth Strategy Associate at UBS, where he obtained his Series 7, 63 & 66 securities licenses, as well as his life and health insurance license. He earned his Bachler of Science in Business Management from Providence College in 2007. David currently resides with his family in River Vale, New Jersey, and enjoys traveling and spending time with his family in Long Beach Island.
*This role cannot solicit or provide investment advice
Prior to joining Morgan Stanley in 2016, David was a Wealth Strategy Associate at UBS, where he obtained his Series 7, 63 & 66 securities licenses, as well as his life and health insurance license. He earned his Bachler of Science in Business Management from Providence College in 2007. David currently resides with his family in River Vale, New Jersey, and enjoys traveling and spending time with his family in Long Beach Island.
*This role cannot solicit or provide investment advice
About Robert Sprotte, CAIA*
Robert Sprotte is a Consulting Group Analyst and Portfolio Management Associate with The Fifth Avenue Group and is primarily responsible for the daily management of the team’s discretionary portfolios. This includes portfolio construction, asset allocation, fund and manager due diligence, trading, risk management and performance reporting. Additionally, he assists the Senior Portfolio Managers with developing the team’s overall strategic investment vision and sourcing new investments for both discretionary and nondiscretionary client accounts.
Prior to joining Morgan Stanley in 2009, Robert worked as an analyst at the private equity firm, Lindsay Goldberg LLC. He graduated from Villanova University in 2007 with a B.S. in accountancy and a B.S. in business administration and holds the Chartered Alternative Investment Analyst designation.*
*This role cannot solicit or provide investment advice
Prior to joining Morgan Stanley in 2009, Robert worked as an analyst at the private equity firm, Lindsay Goldberg LLC. He graduated from Villanova University in 2007 with a B.S. in accountancy and a B.S. in business administration and holds the Chartered Alternative Investment Analyst designation.*
*This role cannot solicit or provide investment advice
About Takara McDermott
Takara joined the Fifth Avenue Group in 2021 as a Registered Client Service Associate. She holds her Series 7, 66, and Life and Health insurance licenses. She is a 2021 graduate of Roger Williams University, where she earned a B.S. in International Business and Finance. Takara spent her junior year of college studying abroad in France, where she earned a Bachelor of Business Administration from ICN Business School.
Takara focuses her efforts with the team on client onboarding, trade execution and all other forms of client relationship management and service. She also assists with managing the team’s social media and marketing. Takara is originally from Maine and currently resides in New York City. In her free time, she enjoys traveling, running, and spending time with friends and family.
Takara focuses her efforts with the team on client onboarding, trade execution and all other forms of client relationship management and service. She also assists with managing the team’s social media and marketing. Takara is originally from Maine and currently resides in New York City. In her free time, she enjoys traveling, running, and spending time with friends and family.
About Mary O'Hara
Mary began her career at Morgan Stanley in Consulting Group ("CG") as a Field Support Service Product Specialist. In that role, she worked directly with advisors and associates throughout Wealth Management and Private Wealth Management, educating and assisting them on various products, policies, and procedures pertaining to the CG platform. She also guided advisors through matters involving account opening, proposals for active clients and prospects, and trading of managed accounts.
In her current role, Mary supports the day-to-day operations and manages client communication. She not only ensures that the team is operating efficiently and effectively, but also promotes the initiatives set forth by the team and by firm leadership.
In 2020, Mary graduated from Florida Atlantic University in Boca Raton, FL where she earned a Bachelor’s Degree in Finance and played Division 1 soccer. Mary resides in Manhattan, and in her free time, she enjoys playing soccer and tennis, as well as going to the beach with her family and friends.
In her current role, Mary supports the day-to-day operations and manages client communication. She not only ensures that the team is operating efficiently and effectively, but also promotes the initiatives set forth by the team and by firm leadership.
In 2020, Mary graduated from Florida Atlantic University in Boca Raton, FL where she earned a Bachelor’s Degree in Finance and played Division 1 soccer. Mary resides in Manhattan, and in her free time, she enjoys playing soccer and tennis, as well as going to the beach with her family and friends.
Contact Frank Delli Carpini
Contact Tyler Gaffney
Contact Sandra Gabay
Contact Anne A Rutherford
Wealth Management
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Portfolio Insights
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
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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
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Donor Advised Funds: A Smart Way to Manage Your Giving
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
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Financial Planning for Life After Selling a Business
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
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Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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Ready to start a conversation? Contact The Fifth Avenue Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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
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, charitable giving, philanthropic planning and other legal matters.
4Morgan 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.
5Morgan 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.
6Morgan 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.
7Morgan 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.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9When 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.
10When 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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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.
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The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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
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, charitable giving, philanthropic planning and other legal matters.
4Morgan 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.
5Morgan 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.
6Morgan 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.
7Morgan 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.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9When 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.
10When 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.
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The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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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)
