Dennis E Forster, CFP®
Senior Vice President, Financial Advisor
Phone:
(805) 564-7904(805) 564-7904
The Forster Group at Morgan Stanley
Direct:
(805) 564-7904(805) 564-7904
Toll-Free:
(800) 874-0282(800) 874-0282
Our Mission Statement
Comprehensive wealth planning strategies for your life and legacy
Welcome Message
We believe success in achieving important financial goals starts with a comprehensive wealth strategy. We will help you define what is most important to you and then formulate the strategies that are appropriate for your needs, whether you are accumulating wealth or investing for income, solidifying your retirement plan or devising a distribution approach that helps meet your lifestyle and legacy goals.
Services Include
- Corporate Retirement PlansFootnote1
- Wealth ManagementFootnote2
- Alternative InvestmentsFootnote3
- Financial PlanningFootnote4
- Retirement PlanningFootnote5
- Business Succession PlanningFootnote6
- Estate Planning StrategiesFootnote7
- 529 PlansFootnote8
- Planning for Education FundingFootnote9
- Endowments and FoundationsFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Newsletters
Plan Participants
Plan Sponsor Insights
Plan Sponsor Insights - Winter 2021Financial Planning
This detailed questionnaire will help us create a personalized strategy for you will enhance our conversation around your long-term goals.
LIFEVIEW FINANCIAL GOAL ANALYSIS AND FINANCIAL PLANThis sample plan shows how a Morgan Stanley Financial Advisor will help you identify ways to achieve the financial objectives most important to you.
SAMPLE LIFEVIEW FINANCIAL PLANLocation
1332 Anacapa Street 2nd
Fl
Santa Barbara, CA 93101
US
Direct:
(805) 564-7904(805) 564-7904
Toll-Free:
(800) 874-0282(800) 874-0282
Meet The Forster Group
Jeffrey P Forster, CIMA®
Vice President, Financial Advisor, Corporate Retirement Director, Financial Wellness Director
Phone:
(805) 564-7908(805) 564-7908
Eva Enrigue, QPFC
Financial Advisor
Phone:
(805) 564-7910(805) 564-7910
Julie Williams
Registered Associate, Financial Planning Associate
About Dennis E Forster
Dennis Forster, a Financial Advisor of the firm since 1979, has a long and successful tenure with Morgan Stanley and its predecessors, assuming roles from Branch Manager to Financial Advisor. Dennis is an accredited member of the prestigious CERTIFIED FINANCIAL PLANNER™ Institution. Dennis is the leader of The Forster Group at Morgan Stanley, and his unofficial title is “chief advocate" for his clients. He focuses on investments and estate planning strategies for high net worth families, strategic consulting to businesses, the management of endowments, and education funding. Additionally, Dennis has a long history of a providing advise to many central coast farmers, from cash flow to lending strategies.
As a Financial Advisor, Dennis is committed to looking at the complete picture of wealth management, which includes investment selection, asset allocation, intergenerational wealth transference, income & cash flow planning and retirement planning. His mission is to help our clients achieve their financial goals and he is determined to stay abreast of current strategies and laws to help guide our clients to successful outcomes.
As an active member of the community, Dennis has served as a past president of the Jaycees, Santa Barbara Newcomers, and the Marian Medical Foundation. He has also served on the committees of the United Way of Santa Barbara, The Santa Barbara Bowl, YMCA and the Santa Barbara Council on Self-Esteem. Dennis currently is a member of the Rotary Club of Goleta, and is the past President of the Santa Barbara Ski and Sports Club, where he’s earned the nickname “The Bullet.” Dennis is blessed by his two sons, Brian and Jeffrey and his six grandchildren.
As a Financial Advisor, Dennis is committed to looking at the complete picture of wealth management, which includes investment selection, asset allocation, intergenerational wealth transference, income & cash flow planning and retirement planning. His mission is to help our clients achieve their financial goals and he is determined to stay abreast of current strategies and laws to help guide our clients to successful outcomes.
As an active member of the community, Dennis has served as a past president of the Jaycees, Santa Barbara Newcomers, and the Marian Medical Foundation. He has also served on the committees of the United Way of Santa Barbara, The Santa Barbara Bowl, YMCA and the Santa Barbara Council on Self-Esteem. Dennis currently is a member of the Rotary Club of Goleta, and is the past President of the Santa Barbara Ski and Sports Club, where he’s earned the nickname “The Bullet.” Dennis is blessed by his two sons, Brian and Jeffrey and his six grandchildren.
Securities Agent: TX, WY, MA, OR, ID, OK, WA, OH, GA, MT, HI, MN, CO, NY, AZ, AK, CT, CA, NV, FL, PA, MI; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1273060
NMLS#: 1273060
About Jeffrey P Forster
For over 20 years, Jeff Forster has been advising Corporate Retirement Plan Sponsors with the construction of retirement plans, including fund selection and monitoring, fiduciary liability, investment policy and employee education. In 2012, he earned the Corporate Retirement Director Designation, an exclusive distinction earned by approximately 2% of Morgan Stanley Advisors. Jeff also focuses on helping small and middle-market business owners manage their business and personal wealth management plans-from cash management to exit strategy. Additionally, Jeff advises on retirement and financial planning for high net worth families, the management of endowments, and business lending.
Mr. Forster has been with Morgan Stanley and its predecessors, since 1998. Prior to this, Jeff was a VP for Gallup in Tokyo, Japan. He is a graduate of California State University, San Diego with a degree in International Business. Jeff is not only dedicated to steering his clients to a successful financial future, he is also very involved in the Santa Barbara community. He is a 2007 graduate of the Katherine Harvey Fellows program, a program sponsored by the Santa Barbara Foundation, which cultivates community leaders. Jeff has also served on the finance committee of the Santa Barbara Foundation.
Jeff is an active community supporter. He was a member of The 1st Tee Central Coast for 17 years serving in many capacities, most notably as President of the Board for three years. The mission of the 1st Tee is to positively impact the lives of children by providing learning facilities and educational programs that build character, install life-enhancing values and promote healthy choices through the game of golf. Additionally, Jeff is a founding member of the CPA/Law Society of Santa Barbara County. Jeff's biggest passions in life, however, are his wife, Laura and three children, Julia, Samantha, and Jeffrey.
Mr. Forster has been with Morgan Stanley and its predecessors, since 1998. Prior to this, Jeff was a VP for Gallup in Tokyo, Japan. He is a graduate of California State University, San Diego with a degree in International Business. Jeff is not only dedicated to steering his clients to a successful financial future, he is also very involved in the Santa Barbara community. He is a 2007 graduate of the Katherine Harvey Fellows program, a program sponsored by the Santa Barbara Foundation, which cultivates community leaders. Jeff has also served on the finance committee of the Santa Barbara Foundation.
Jeff is an active community supporter. He was a member of The 1st Tee Central Coast for 17 years serving in many capacities, most notably as President of the Board for three years. The mission of the 1st Tee is to positively impact the lives of children by providing learning facilities and educational programs that build character, install life-enhancing values and promote healthy choices through the game of golf. Additionally, Jeff is a founding member of the CPA/Law Society of Santa Barbara County. Jeff's biggest passions in life, however, are his wife, Laura and three children, Julia, Samantha, and Jeffrey.
Securities Agent: CO, AR, AZ, SD, MN, MI, GA, AK, OR, UT, TX, PA, FL, CA, MT, MA, WA, HI, KY, OK, ID, NM, OH, NY, NV; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1273017
NMLS#: 1273017
About Eva Enrigue
Eva Enrigue joined Morgan Stanley in 2014 as a Private Banker Associate, servicing the Santa Barbara, Oxnard, and San Luis Obispo offices. As a Banking Associate, she worked with Financial Advisors helping their clients establish lending strategies to accommodate their financial needs. In 2015, she joined The Forster Group as a Financial Advisor. With her background in banking, she looks at both sides of our client’s balance sheet to help optimize lending strategies, tax efficiency, social security optimization, portfolio diversification, and liability management. Additionally, Eva provides ongoing advice to retirement plan sponsors to help them meet their fiduciary responsibilities. She helps plan sponsors adhere to best practices in retirement plan design and ongoing plan management. She is also responsible for the implementation of Employee Wellness Programs and educating employees on the benefits provided by their company retirement plans.
Eva has been in the financial services industry for 10 years. Most recently, she worked at Wells Fargo Advisors offering investment services and Wells Fargo Bank, providing clients access to consumer and business lending. Prior to that, Eva was involved in developing software applications for the Hedge Fund industry. She attended Columbia University, and earned a Political Science degree in 2004. Eva is a member of the Women’s Economic Ventures (WEV), and is currently a member of the Loan Committee. Eva is bilingual in English and Spanish.
Apart from growing the practice, Eva enjoys traveling and donating her time to local nonprofit organizations. On the weekends, she enjoys spending time in her native home town of Santa Barbara walking on the beach and hiking our coastal foothills.
Eva has been in the financial services industry for 10 years. Most recently, she worked at Wells Fargo Advisors offering investment services and Wells Fargo Bank, providing clients access to consumer and business lending. Prior to that, Eva was involved in developing software applications for the Hedge Fund industry. She attended Columbia University, and earned a Political Science degree in 2004. Eva is a member of the Women’s Economic Ventures (WEV), and is currently a member of the Loan Committee. Eva is bilingual in English and Spanish.
Apart from growing the practice, Eva enjoys traveling and donating her time to local nonprofit organizations. On the weekends, she enjoys spending time in her native home town of Santa Barbara walking on the beach and hiking our coastal foothills.
Securities Agent: NC, NV, GA, OR, MI, MA, WA, NY, OK, VA, PA, OH, CA, AZ, TX, ID, MT, IL, HI, FL, NM, AK, MN, CO, SC; General Securities Representative; Investment Advisor Representative
NMLS#: 414173
NMLS#: 414173
About Julie Williams
Julie Williams joined The Forster Group in 2003. She is responsible for providing financial planning for our clients to help guide them in achieving their financial and retirement goals. Julie works closely with our Morgan Stanley 401k Advisory operations teams to onboard and administer our retirement plans. Julie also supports our team with new product and service initiatives, performance reviews and client communications.
Julie began her financial services career over 30 years ago in San Francisco, at CS First Boston as an Associate Sales Supervisor responsible for sales supervision, processing and approving new accounts and monthly account reviews. In 1995, she joined Volpe, Brown Whelan & Company, a boutique Investment Bank, specializing in technology and healthcare companies. While there she was responsible for OTC trading compliance, sales supervision, continuing education and annual audits. She is a graduate of University of California, Santa Barbara, with a degree in Communications.
While away from the office, Julie enjoys time with her husband John, children Mary and Warren, and her extended family and friends. On weekends, if she isn’t traveling to watch her son play soccer, she can be found walking her dog, hiking the local trails, and enjoying the lively Santa Barbara scene. She also travels to Sonoma County frequently to spend time with her family, who are 4th generation apple farmers, who instilled in her the value of hard work, preservation of the fruits of their labor, and the importance of transferring those values to her children.
Julie began her financial services career over 30 years ago in San Francisco, at CS First Boston as an Associate Sales Supervisor responsible for sales supervision, processing and approving new accounts and monthly account reviews. In 1995, she joined Volpe, Brown Whelan & Company, a boutique Investment Bank, specializing in technology and healthcare companies. While there she was responsible for OTC trading compliance, sales supervision, continuing education and annual audits. She is a graduate of University of California, Santa Barbara, with a degree in Communications.
While away from the office, Julie enjoys time with her husband John, children Mary and Warren, and her extended family and friends. On weekends, if she isn’t traveling to watch her son play soccer, she can be found walking her dog, hiking the local trails, and enjoying the lively Santa Barbara scene. She also travels to Sonoma County frequently to spend time with her family, who are 4th generation apple farmers, who instilled in her the value of hard work, preservation of the fruits of their labor, and the importance of transferring those values to her children.
Contact Dennis E Forster
Contact Jeffrey P Forster
Contact Eva Enrigue
Wealth Management
From Our Team
The Forster Group Update - Spring 2024
Wealth Management
Global Investment Office
Portfolio Insights
This is a video content
Retirement for Plan Sponsors
End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
- Plan Evaluation
- Investment Management
- Plan Management Support
- Plan Participant Education
State of the Workplace Study 2023
Article Image
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
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
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
Article Image
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
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 The Forster 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.
1When 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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 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.
5When 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.
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 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.
8Investors 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.
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.
10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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
1When 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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 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.
5When 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.
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 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.
8Investors 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.
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.
10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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
CRC 6491812 (04/2024)
