Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Alternative Investments Director, Financial Planning Specialist
Phone:
(804) 780-3308(804) 780-3308
The Fischer Group at Morgan Stanley
Direct:
(804) 644-1100(804) 644-1100
Our Mission Statement
Drive value through a disciplined, structured client communication process designed to deliver the breadth and depth of Morgan Stanley services to a select group of clients.
The Fischer Group Story
WHO WE ARE:
The Fischer Group is a multigenerational financial advisory team dedicated to helping our clients and their families create, grow, and preserve wealth across generations. We pride ourselves on our unique blend of experience, innovation, and personal connection. Our team - made up of a father-son advisory partnership supported by our highly skilled service associates - brings a balanced perspective to the financial planning process.
WHAT WE DO:
Our practice concentrates in intergenerational financial planning, helping clients navigate life transitions, legacy decisions, and long-term wealth strategies with clarity and confidence. Whether you're preparing for retirement, supporting aging parents, or building a foundation for your children's future, we provide customized solutions tailored to your goals.
WHY WE DO IT:
Life can be unpredictable.
Several years ago our senior partner Bob was involved in a serious accident that landed him in the hospital for 15 days. It was an alarming and uncertain time for the family and for our business. Amid the fear and unknown, there was something we didn't have to worry about: our financial life.
Because of the work we do and value we live by, we had a roadmap - one that gave us the breathing room to focus on what really mattered, being present, being together, and supporting his recovery.
That experience made our team's purpose even clearer. Life is unpredictable, and moments like that remind us what financial planning is really about - not just wealth accumulation or market returns, but more importantly confidence, flexibility, and the freedom to be there for the people we love when they need us most.
Services Include
- Wealth ManagementFootnote1
- Cash ManagementFootnote2
- 401(k) Rollovers
- 529 PlansFootnote3
- Alternative InvestmentsFootnote4
- Business Succession PlanningFootnote5
- Estate Planning StrategiesFootnote6
- Planning for Education FundingFootnote7
- Professional Portfolio ManagementFootnote8
- Retirement PlanningFootnote9
- Sustainable InvestingFootnote10
- Long-term Care InsuranceFootnote11
- Asset Management
- Stock Option PlansFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Designations
At the Fischer Group, we believe in being life-long learners. We continue to educate ourselves with the most up-to-date information to help provide the best financial services for you - our clients. Listed below are some designations and specialties of each of our dedicated team members. Take a look to see how we can better assist you in achieving your financial goals.
CFP® - Certified Financial Planner™
The Certified Financial Planner™ designation is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement saving. CFP® professionals must accrue several years of experience related to delivering financial planning services to clients and pass a comprehensive exam before calling themselves a CFP® Professional and are held to strict ethical standards to ensure financial planning recommendations are in the best interest of their clients.
Robert J. Fischer, CFP®, Robert Fischer, CFP®, CIMA®
CIMA® - Certified Investment Management Analyst®
The Certified Investment Analyst® (CIMA®) designation focuses on asset allocation, ethics, due diligence, risk measurement, investment policy, and performance measurement. Candidates must have at least three years of financial services experience and a satisfactory record of ethical conduct, as determined by Investments & Wealth Institute Admissions Committee.
Robert Fischer, CFP®, CIMA®
Alternative Investments Director
This designation is for Morgan Stanley Financial Advisors who have significantly incorporated alternative investments into their practice and meet the designation's criteria requirements. Our expertise in this field, coupled with the designation, allows us to provide eligible clients with guidance and insights about the alternative investments asset class and strategies offered by Morgan Stanley Wealth Management.
Robert J. Fischer, CFP®
Senior Portfolio Management Director
Managing an investment portfolio should be a consultative, disciplined process that balances your attitudes about investing with careful analysis of the financial markets. Working together, we create a customized strategy that applies long-held investment principles to help your assets appreciate appropriately or generate cash-flow or income as you require.
Robert J. Fischer, CFP®
Financial Planning Specialist
The Financial Planning Specialist designation identifies those Morgan Stanley Financial Advisors who have met the experience and ethical requirements, have successfully completed financial planning coursework and have passed the Financial Planning Specialist examination designed to provide Financial Advisors with the expertise necessary to address the wide range of financial issues confronting high net worth individuals, as well as individuals who are aggressively seeking to increase their wealth.
Robert J. Fischer, CFP®
2025 Century Club
Robert J. Fischer named to Morgan Stanley's prestigious Century Club, a group of the Firm's successful Financial Advisors.
KEY LIFE EVENTS
Navigate life's journey through key milestones like marriage and retirement. Our tailored financial articles ensure each step is smoother and more fulfilling.
Please let us know if you need anything or have any questions.
Birth
Welcoming a child into the family is a joyous occasion for everyone—for parents, grandparents, aunts, uncles, siblings, cousins and other extended family members. We will help you plan and prepare for the financial components that a new child might introduce to your lives.
Education
Education is a major investment that often requires years of careful, advanced planning. As educational costs continue to rise - from primary education through undergraduate, graduate and professional schools - we will work together to implement the appropriate funding strategies for your needs.
Marriage
There are few events more exciting than tying the knot with the person you love. Managing your wealth is a critical component to maintaining a long, fruitful marriage. Also, helping fund your child's wedding is a goal for many parents and grandparents.
Divorce
Divorce is a stressful ordeal that is seldom easy. In can be very difficult to brave this battle alone. If necessary, we will help guide you through the priorities and issues that need to be settled to ensure that your needs are met with care and respect.
Retirement
Some people look forward to retirement as their time to relax and enjoy the fruits of their decades-long career. Others worry about their ability to support their lifestyle given certain life challenges. Saving for retirement is a lifelong process that relies on defined financial planning strategies.
Death
We know how difficult losing a loved one can be. We are here to help you navigate the decisions to be made following the death of your spouse or other family member.
Upcoming Firm Events
We hope you will join us for this upcoming event.
U.S. Policy Pulse: Global Tensions & Washington Moves
DATE: July 22, 2025 at 4:15 p.m. ETU.S. Policy Pulse: Global Tensions Washington Moves
Join Morgan Stanley Wealth Management's Chief Economic StrategistEllen Zentnerin a conversation with Morgan Stanley Wealth Management's Head of U.S. PolicyMonica Guerra Morgan Stanley's Global Head of Government Relations Michael J. Stein, as they discuss:
- Updates on U.S. trade and immigration policy
- The One Big Beautiful Bill Act and its potential implications
- Key developments to monitor over the next 30, 60, and 90 days
Register now.
CRC 4621352 (07/2025)
Online
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.
Global Investment Committee On The Markets
Check out the Global Investment Committee's market outlook for this month. A publication containing thought- provoking content that examines the forces shaping the investment landscape.
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Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
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.
Tax-Smart Strategies for Your Retirement
Smart tax planning can help you save more for retirement and keep more of what you've already saved. Consider these tax-efficient retirement planning strategies.
Income Tax Brackets for 2025
Depending on your taxable income, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate.
Location
901 East Byrd St
Suite 2000
Richmond, VA 23219
US
Direct:
(804) 644-1100(804) 644-1100
Meet The Fischer Group
Phone:
(804) 780-3367(804) 780-3367
Kelly Ross
Wealth Management Associate
Phone:
(804) 780-3307(804) 780-3307
Morgan Prime
Market Administrator
Phone:
(804) 780-3344(804) 780-3344
About Robert J. Fischer
Robert Fischer believes that in almost any area of human activity, a structured disciplined process can potentially provide better long-term results than a hap hazard, shoot-from-the-hip approach. Whether you want to get better grades in school, have a better marriage, or simply improve your tennis game, in the long run, he believes better results start with a clear cut plan, implemented effectively. Effective plan design coupled with periodic review is the best possible way forward. Investing and wealth management are no exceptions. Robert believes clients considering hiring an advisor should ask potential advisors questions like:
How do you make money for your clients?;
What is your investment philosophy?;
What evidence is there that your approach works over long periods of time?
He believes that investors deserve succinct and concise answers to those questions. He is a graduate of The United States Military Academy at West Point where, as a cadet, his amazement with efficient structure and discipline originated. He still feels the structured regiment influences of the Academy in his practice as he enters his fourth decade as an advisor. Also, Robert has been named the 2023-2024 Virginia senior chess champion.
How do you make money for your clients?;
What is your investment philosophy?;
What evidence is there that your approach works over long periods of time?
He believes that investors deserve succinct and concise answers to those questions. He is a graduate of The United States Military Academy at West Point where, as a cadet, his amazement with efficient structure and discipline originated. He still feels the structured regiment influences of the Academy in his practice as he enters his fourth decade as an advisor. Also, Robert has been named the 2023-2024 Virginia senior chess champion.
Securities Agent: IL, AL, MS, AR, AZ, NY, VA, SC, OH, NJ, MA, FL, WI, RI, MI, KY, MD, WA, OK, ME, LA, DC, CT, UT, TN, PA, NC, DE, CO, CA, TX, OR, NV, MN, GA; General Securities Representative; Investment Advisor Representative
NMLS#: 1390921
NMLS#: 1390921
About Robert Fischer
Robby began his career at Morgan Stanley after graduating from Virginia Tech. Robby is Series 7 and Series 66 registered, has completed his Life Health and Annuities Insurance license.
Originally from Richmond, Virginia, Robby moved to South Florida in 2021 to expand his capabilities in financial planning and investment management. Following that intention, Robby became a CFP® professional in 2023 and a CIMA® professional in 2024. Having gained direct experience from his years in Florida, Robby rejoined the Fischer Group in 2024 with the aim to build close relationships with clients through tailoring financial advice that helps accomplish their goals. Robby believes that through consistent communication it is possible to turn difficult or emotional financial decisions into logical courses of action.
In his free time, Robby prioritizes his time with family and friends and enjoys playing tennis, golf, snowboarding and travelling internationally.
Originally from Richmond, Virginia, Robby moved to South Florida in 2021 to expand his capabilities in financial planning and investment management. Following that intention, Robby became a CFP® professional in 2023 and a CIMA® professional in 2024. Having gained direct experience from his years in Florida, Robby rejoined the Fischer Group in 2024 with the aim to build close relationships with clients through tailoring financial advice that helps accomplish their goals. Robby believes that through consistent communication it is possible to turn difficult or emotional financial decisions into logical courses of action.
In his free time, Robby prioritizes his time with family and friends and enjoys playing tennis, golf, snowboarding and travelling internationally.
Securities Agent: MD, WA, CT, NE, AL, WV, NY, NM, MA, KS, DE, DC, CA, SC, RI, IN, GA, PA, ID, VA, TN, PR, MO, KY, IL, IA, WI, VT, VI, ND, CO, UT, OK, OH, NV, NJ, ME, LA, FL, AZ, TX, SD, OR, NH, NC, MT, MS, MN, MI, HI, AR, WY; General Securities Representative; Investment Advisor Representative
NMLS#: 2702210
NMLS#: 2702210
About Kelly Ross
Kelly Ross joined The Fischer Group in November of 2013 and is often the first line of contact on a broad array of client services. Highly adept at addressing questions quickly and efficiently, Kelly is committed to providing each client with the highest level of personal service and professional integrity. She has been an integral member of The Fischer Group since joining the team in 2013.
From the largest task to the smallest request, Kelly works tirelessly to exceed clients’ expectations. Her core responsibilities are essential to enabling the Group to carry out its mission of helping financially successful individuals plan, invest and lead fulfilling lives. Kelly is a graduate of Virginia Commonwealth University and maintains her Series 7, 63, and 66 licenses.
From the largest task to the smallest request, Kelly works tirelessly to exceed clients’ expectations. Her core responsibilities are essential to enabling the Group to carry out its mission of helping financially successful individuals plan, invest and lead fulfilling lives. Kelly is a graduate of Virginia Commonwealth University and maintains her Series 7, 63, and 66 licenses.
About Morgan Prime
Morgan Prime began her career in the finance industry with Morgan Stanley in 2017 in her current role as the Market Administrator for the Southern Virginia Market. Along with being the Market Administrator, she supports, Financial Advisor, The Fischer Group with their client’s needs as well as The Fischer Group's digital presence.
Prior to working for Morgan Stanley, Morgan Studied at Radford University. In 2013 she graduated with a Bachelor of Science degree in Recreation Parks and Tourism with a concentration in Special Event Management. After graduating, she worked as an Event Planner for Hermitage Country Club for one year and then accepted the position of the Events Manager for Sky Zone Richmond where she worked for three years. Morgan Stanley caught her interest as part of the Market Administrator role is to plan corporate events.
Morgan grew up on the outskirts of the Richmond area in Midlothian, Virginia with her parents Steve and Debra Franklin and two brothers, Paul and Scott Franklin. Prior to Radford University, Morgan graduated from James River High School in 2009. She currently lives in Powhatan, Virginia with her husband, Erik, daughter, Malina, and their many pets.
Securities Agent: VA; General Securities Representative; Investment Advisor Representative
Prior to working for Morgan Stanley, Morgan Studied at Radford University. In 2013 she graduated with a Bachelor of Science degree in Recreation Parks and Tourism with a concentration in Special Event Management. After graduating, she worked as an Event Planner for Hermitage Country Club for one year and then accepted the position of the Events Manager for Sky Zone Richmond where she worked for three years. Morgan Stanley caught her interest as part of the Market Administrator role is to plan corporate events.
Morgan grew up on the outskirts of the Richmond area in Midlothian, Virginia with her parents Steve and Debra Franklin and two brothers, Paul and Scott Franklin. Prior to Radford University, Morgan graduated from James River High School in 2009. She currently lives in Powhatan, Virginia with her husband, Erik, daughter, Malina, and their many pets.
Securities Agent: VA; General Securities Representative; Investment Advisor Representative
Securities Agent: VA; General Securities Representative; Investment Advisor Representative
Contact Robert J. Fischer
Contact Robert Fischer
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
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 Fischer 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 Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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
3Investors 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.
4Alternative 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.
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.
6Morgan 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.
7When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
8Morgan 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.
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 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.
10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER® and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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
3Investors 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.
4Alternative 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.
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.
6Morgan 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.
7When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
8Morgan 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.
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 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.
10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Morgan 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.
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.
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Awards Disclosures
CRC 6491812 (04/2024)
