Phone:
(817) 416-4418(817) 416-4418
The Fox, Hughes Group at Morgan Stanley
Direct:
(817) 416-4436(817) 416-4436
Our Mission Statement
Besides your own family members, we are the only other people in the world who care just as much about the well being of your financial matters as you...
Our Story and Services
At The Fox Hughes Group, our goal is to provide you and your family with thoughtful, personalized strategies using our collective experience and high-quality service. We utilize Morgan Stanley's vast resources and capabilities to tailor financial strategies to help meet your unique circumstances.
Our team's collective 63 years of experience with unique financial challenges provides clients with perspective to formulate, implement and monitor strategies to address these challenges. We will help you define your financial goals and formulate strategies to assist towards reaching those goals. Success in achieving important financial goals begins with our team thoroughly understanding each relationship, constructing a comprehensive plan to address goals, as well as constant communication about progress and developments along the way. Our team's greatest achievements are watching clients and their families succeed throughout their lives.
Our team is proud to become a member of the Association of Professional Investment Consultants (APIC). APIC, tucked in amongst the amazing ranks of 16,000 Morgan Stanley Financial Advisors, is a small, select group of highly qualified advisors and their teams who connect, collaborate, and generously share best practices, new ideas and resources to enhance the experience delivered to clients. We are honored to be part of an organization that is committed to a process of continuous learning and professional growth.
Alongside overall wealth management, our keen focus on working with corporate executives allows us to provide differentiated advice around managing restricted stock and stock option awards. We seek to manage risk and tax implications within the context of a client’s total wealth management picture, while also taking into account the client’s expectations for their corporate stock. Finally, we carefully consider other factors, such as minimum holding requirements and insider trading compliance.
Our team is selective about onboarding new client relationships. We make sure a potential clients’ needs, priorities, and preferences match our team’s ability to deliver on expectations. We onboard a limited number of new relationships each year.
Please contact our team to learn more...
Our team's collective 63 years of experience with unique financial challenges provides clients with perspective to formulate, implement and monitor strategies to address these challenges. We will help you define your financial goals and formulate strategies to assist towards reaching those goals. Success in achieving important financial goals begins with our team thoroughly understanding each relationship, constructing a comprehensive plan to address goals, as well as constant communication about progress and developments along the way. Our team's greatest achievements are watching clients and their families succeed throughout their lives.
Our team is proud to become a member of the Association of Professional Investment Consultants (APIC). APIC, tucked in amongst the amazing ranks of 16,000 Morgan Stanley Financial Advisors, is a small, select group of highly qualified advisors and their teams who connect, collaborate, and generously share best practices, new ideas and resources to enhance the experience delivered to clients. We are honored to be part of an organization that is committed to a process of continuous learning and professional growth.
Alongside overall wealth management, our keen focus on working with corporate executives allows us to provide differentiated advice around managing restricted stock and stock option awards. We seek to manage risk and tax implications within the context of a client’s total wealth management picture, while also taking into account the client’s expectations for their corporate stock. Finally, we carefully consider other factors, such as minimum holding requirements and insider trading compliance.
Our team is selective about onboarding new client relationships. We make sure a potential clients’ needs, priorities, and preferences match our team’s ability to deliver on expectations. We onboard a limited number of new relationships each year.
Please contact our team to learn more...
Services Include
- Wealth PlanningFootnote1
- Retirement PlanningFootnote2
- Financial PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Alternative InvestmentsFootnote5
- Philanthropic ManagementFootnote6
- Planning for Education FundingFootnote7
- Professional Portfolio ManagementFootnote8
- Cash Management and Lending ProductsFootnote9
- Trust ServicesFootnote10
- Life InsuranceFootnote11
- Executive Financial ServicesFootnote12
- Stock Option PlansFootnote13
- Stock Plan ServicesFootnote14
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Approach
We work with you through a process that focuses on you and your goals. Our four-step approach includes the following stages:
Discovery Conversation
We invest the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Creation and Presentation of Financial Plan
Following our conversation, we aim to form an understanding of everything in your financial life. Your circumstance drives the development of a personalized financial strategy. Tailored to your specific needs, we address areas such as insurance, education planning, retirement, and estate planning strategies. We will present to you this roadmap and would love to hear your thoughts.
Strategy Implementation
Once we reach a point of agreement, we work to implement solutions or strategies based on what you need. Your customized asset allocation reflects risk, opportunities, and taxation across multiple entities, while integrating your investing and estate plans. We work with your other trusted advisors to help analyze your income and estate tax circumstances to address your objectives.
Ongoing Review
In coordination with your other advisors, we conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
Planning For Your Family's Needs
Family Office Resources
How can you integrate philanthropy and family values into your wealth plan? Family Office Resources at Morgan Stanley discusses the approach to articulating and memorializing your family philosophy in your overall plan. Watch for more insights on the importance of addressing the emotional side of planning with your family.
Watch Video
Tax-Efficient Charitable Giving Strategies
Many of us prefer to combine our support for the causes and people we care about with a desire to save on taxes. Fortunately, there are strategies that may help us accomplish both. Whether you want to donate to charity or invest in a loved-one’s future, consider these tax‐smart ways to help make your giving go further.
Read Article
The One Conversation You Should Be Having
As hard as it is to swallow, old age can rob one of hard-won independence. And, at some point in time, we’ll all be faced with the reality that we’re unable or unfit to make important calls about finances and medical care. Take these steps to ensure that you have trusted decision-makers in place should you—or your parents—become incapacitated.
Read Article
Investment Policy Statement
For institutions, high-net-worth individuals and family offices, developing an investment policy statement that reflects their goals and objectives is increasingly important for long-term investing success.
Read ArticleALTERNATIVE INVESTMENTS
Morgan Stanley has extensive experience in the alternative investments industry through a strong commitment to managing alternative investment strategies across an established global network.
The power of alternative investments derives from their versatility to offer innovative strategies that align with sophisticated investors’ financial goals. Across the variety of available strategies, these can be organized into four core solutions.
The power of alternative investments derives from their versatility to offer innovative strategies that align with sophisticated investors’ financial goals. Across the variety of available strategies, these can be organized into four core solutions.
Income Generation
Products that seek higher returns/yield and lower volatility versus traditional fixed income investments, with potential for low correlation to stocks and bonds, a reliable current income stream and an inflation hedge.
Growth Orientation
Products that aim to generate excess returns and provide clients with incremental upside potential, wealth accumulation strategies or seek to take advantage of the “illiquidity premium” of private markets.
Tax Advantages
Products designed to help manage yearly tax liability, defer payment of capital gains, harness tax-managed structures or offer a step up in basis and tax advantaged income*
*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. 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.
*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. 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.
Portfolio Diversification
Products that strive to maintain low correlations with traditional equity markets, with potential for lower portfolio volatility, increased risk-adjusted returns and reduced reliance on any one company, sector, country, etc.*
*Diversification does not guarantee a profit or protect against loss in a declining financial market.
*Diversification does not guarantee a profit or protect against loss in a declining financial market.
What Are Alternatives?
Explore investments beyond traditional portfolios. With unmatched experience, scale and reach across our vast global network. Morgan Stanley is an industry leader in alternative investments - providing access to exclusive offerings, preeminent fund managers and innovative investment opportunities. Investments include but are not limited to:*
• Private Equity
• Real Estate & Infrastructure
• Hedge Funds
• Private Credit
• Managed Futures
• Exchange Funds
*Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Learn More• Private Equity
• Real Estate & Infrastructure
• Hedge Funds
• Private Credit
• Managed Futures
• Exchange Funds
*Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Understanding Your Options
Companies often reward employees with stock options or restricted stock. These are valuable benefits that can go a long way towards enhancing your future financial security. For many employeees, stock options seem increasingly complex which prevents them from taking full advantage of their options. Below are some questions you may be asking yourself along with a few helpful resources to consider. We can help you make informed decisions when it comes to: nonqualified stock options (NSQO); incentive stock options (ISO); performance share units (PSU); restricted stock units (RSU) and awards (RSA); optimizing investment performance; managing risk and provide diversification; financing a major acquisition, and more.
Stock Options
• What factors should I consider when deciding when to exercise my options?
• How are my options taxed when I exercise them?
• What happens to my options if I leave the company?
Understanding Stock Options• How are my options taxed when I exercise them?
• What happens to my options if I leave the company?
10b5-1 Plans
• How does a 10b5-1 plan protect me against violating trading rules?
• How easy is it to set-up a plan?
• When is the right time to set up a 10b5-I diversification plan?
Demystifying 10b5-1 Plans• How easy is it to set-up a plan?
• When is the right time to set up a 10b5-I diversification plan?
Employee Stock Purchase Plan (ESPP)
• When can I enroll in my company's ESPP?
• What will the purchase price be at the end of the offering period?
• How and when are ESPP shares taxed?
• Can I transfer my ESPP shares to another investment account?
What is an ESPP?• What will the purchase price be at the end of the offering period?
• How and when are ESPP shares taxed?
• Can I transfer my ESPP shares to another investment account?
Diversifying Concentrated Company Stock
• How much company stock does it make sense to own given my risk profile and objectives?
• What percent of my net worth or portfolio should be made up of company stock?
• What is the most tax-efficient way to diversify my concentrated position?
• What are my diversification options given my restricted company status?
4 Tax-Smart Ways to Diversify Your Portfolio• What percent of my net worth or portfolio should be made up of company stock?
• What is the most tax-efficient way to diversify my concentrated position?
• What are my diversification options given my restricted company status?
Do You Understand Your Equity Award Plan
Many employers offer equity plans as part of their employee benefit package. Types of equity awards include non-qualified options (NQSO), incentive stock options (IS0), restricted stock units (RSU) and awards (RSA), and performance share units (PSU).
Learn MoreLocation
1400 Civic Place
Suite 200
Southlake, TX 76092
US
Direct:
(817) 416-4436(817) 416-4436
Meet The Fox, Hughes Group
Breg A. Hughes, CFP®, CLU®
First Vice President, Wealth Advisor, Senior Portfolio Manager
Phone:
(817) 416-4418(817) 416-4418
William Cooper
Financial Advisor, Certified Exit Planning Advisor™ (CEPA), Financial Planning Specialist
Phone:
(817) 416-4444(817) 416-4444
Lisa Jorge
Senior Client Service Associate
Phone:
(817) 416-4408(817) 416-4408
About Me
Chad E. Fox is a Senior Vice President, Wealth Advisor and Chartered Retirement Planning Counselor® designee for The Fox, Hughes Group at Morgan Stanley. He has 26 years of experience in the financial services industry. As a Senior Portfolio Manager, Chad helps his clients pursue their objectives by managing, on a discretionary basis, his own personalized or defined strategies, which may incorporate individual stocks and bonds, model portfolios, and third-party investment strategies.
He began his career in 1999 in the downtown financial district of Chicago, Illinois. In 2003, Chad was chosen to lead a training program to educate newly hired, financial advisor trainees for the Chicago Metro Market. In 2012, he was selected to become a faculty member designated towards training experienced financial advisors, on a national basis, with delivering best in class levels of client service and financial advice. Chad has sponsored 16 Interns over the course of his career, taking pride in mentoring college students who are interested in learning about the financial services industry. Currently, he volunteers as a mentor and speaking faculty at Carroll ISD’s Carroll Business Academy, an organization for local high school students to learn how to plan, direct and coordinate the management and operations of public or private organizations.
In 2021, Chad and his team moved from Chicagoland to Southlake, Texas. He and his team advise clients in numerous states around the United States.
Chad earned a Bachelor of Science degree from Illinois State University, where he studied Political Science and Government. He resides in Southlake, Texas with his wife, two sons and a Labrador retriever. Additionally, Chad enjoys golf, travel, fitness, helping various philanthropic efforts, focusing on military support and children-based organizations. Chad also has been invited to lecture to local Dallas-Fort Worth area high school aged students about basic financial planning topics and investment fundamentals.
He began his career in 1999 in the downtown financial district of Chicago, Illinois. In 2003, Chad was chosen to lead a training program to educate newly hired, financial advisor trainees for the Chicago Metro Market. In 2012, he was selected to become a faculty member designated towards training experienced financial advisors, on a national basis, with delivering best in class levels of client service and financial advice. Chad has sponsored 16 Interns over the course of his career, taking pride in mentoring college students who are interested in learning about the financial services industry. Currently, he volunteers as a mentor and speaking faculty at Carroll ISD’s Carroll Business Academy, an organization for local high school students to learn how to plan, direct and coordinate the management and operations of public or private organizations.
In 2021, Chad and his team moved from Chicagoland to Southlake, Texas. He and his team advise clients in numerous states around the United States.
Chad earned a Bachelor of Science degree from Illinois State University, where he studied Political Science and Government. He resides in Southlake, Texas with his wife, two sons and a Labrador retriever. Additionally, Chad enjoys golf, travel, fitness, helping various philanthropic efforts, focusing on military support and children-based organizations. Chad also has been invited to lecture to local Dallas-Fort Worth area high school aged students about basic financial planning topics and investment fundamentals.
Securities Agent: AR, VA, TX, CA, AL, PR, NM, OR, IL, WA, MI, NV, WI, MT, FL, NY, TN, MN, IN, GA, NC; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 560345
NMLS#: 560345
About Me
Breg A. Hughes is a First Vice President and Financial Advisor with The Fox Hughes Group at Morgan Stanley. Breg is also the Branch Manager of the Southlake, Texas office of Morgan Stanley, responsible for supervising branch operations and efforts to grow the business. He has 11 years of financial services industry experience. Breg is a CERTIFIED FINANCIAL PLANNER™ certificant and CHARTERED LIFE UNDERWRITER® professional with experience in personalized wealth management. As a Senior Portfolio Manager, Breg helps his clients pursue their objectives by managing on a discretionary basis his own personalized or defined strategies, which may incorporate individual stocks and bonds, model portfolios, and third-party investment strategies. Prior to beginning his career in Financial Services, he served for 10 years in the United States Army as an Infantry and Special Forces Officer. Breg medically retired from the military with rank of Major. He attended the University of Chicago Booth School of Business, earning his MBA with concentrations in finance, economics and econometrics.
Securities Agent: ME, AZ, WA, TN, NJ, DC, CO, CA, MT, GA, TX, AL, WI, NC, KS, VT, SC, OR, MI, FL, WV, MD, IA, SD, AK, UT, RI, PA, DE, PR, MS, WY, ND, ID, NH, LA, NE, MA, HI, CT, VI, NM, MO, MN, AR, KY, VA, OK, OH, NY, NV, IN, IL; BM/Supervisor; General Securities Representative; Investment Advisor Representative
NMLS#: 1280209
NMLS#: 1280209
About William Cooper
Will Cooper joined Fox, Hughes & Associates in 2020. He has 5 years of financial services industry experience. He also holds the Certified Exit Planning Advisor® credential and holistically serves business owners' needs pertaining to their exit planning for their businesses. Will graduated from University of Arkansas with a major in Finance, concentrating in Financial Management and Investments, and a minor in Business Analytics. He completed two consecutive Internships for the team in 2018 and 2019. Will enjoys travel, golf, and fitness. He currently lives in Dallas, Texas. Will also has been invited to lecture to local Dallas-Fort Worth area high school aged students about basic financial planning topics and investment fundamentals.
Securities Agent: KY, WI, MT, NY, NJ, TN, CA, TX, FL, AZ, OR, VA, IL, GA, AR, VT, NC, AL, IN, WA, NV, MO, MN, SC, CO, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 2031736
NMLS#: 2031736
About Lisa Jorge
Lisa Jorge has worked over 21 years in customer service. Her responsibilities include client requests and managing operational functions. She is committed to meeting the needs of clients by excellent customer service and by creating a positive client experience. She is currently studying Leadership Essentials at Dallas Christian College. Lisa is a native to Texas. For the past 29 years she has lived in North Richland Hills with her two sons and husband Richard. She enjoys travel, cooking, baseball and a great afternoon on the lake in her spare time. Lisa is also involved in her community by volunteering at Grace, Beautiful Feet and supports the local FFA and AG programs. In the past few years Lisa has served as a High School Leader for 9th grade girls at Compass Christian Church where she and her family also attend. Lisa will support The Fox Hughes Group from a support professional role.
Contact Chad E. Fox
Contact Breg A. Hughes
Contact William Cooper
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Randy Payne
Senior Private Banker
Keller Casey
Planning Associate
Elizabeth Chand
Family Office Resources Generalist
About Randy Payne
Randy Payne is a Senior Private Banker serving Morgan Stanley Wealth Management offices in the Dallas/Fort Worth Market.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Randy began his career in financial services in 1993, and joined Morgan Stanley in 2014 as a Private Banker. Prior to joining the firm, he was a Divisional Sales Director at Wells Fargo Advisors.
Randy is a graduate of Rensselaer Polytechnic Institute, where he received a Bachelor of Science in Management. He lives in Northlake, Texas with his family. Outside of the office, Randy enjoys spending time in Oxford, MS with his family cheering on Ole Miss football and baseball teams.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Randy began his career in financial services in 1993, and joined Morgan Stanley in 2014 as a Private Banker. Prior to joining the firm, he was a Divisional Sales Director at Wells Fargo Advisors.
Randy is a graduate of Rensselaer Polytechnic Institute, where he received a Bachelor of Science in Management. He lives in Northlake, Texas with his family. Outside of the office, Randy enjoys spending time in Oxford, MS with his family cheering on Ole Miss football and baseball teams.
NMLS#: 1214288
About Keller Casey
Keller Casey is a Planning Associate at Morgan Stanley providing dedicated financial planning support to Financial Advisors and their teams. Operating as an extension of the FA/Team, he collaborates with clients to discover and define goals that matter most to them. Leveraging state of the art technology, he will evaluate various options and their potential outcomes to help clients confidently choose the appropriate course of action. Keller provides expertise across a wide suite of Morgan Stanley planning tools designed to assist in the areas of investment accumulation, retirement, education, major purchase, cash flow, risk management, tax efficiency, and wealth transfer planning.
He earned his undergraduate degree from The University of Oklahoma and received the Financial Planning Specialist® designation from the College for Financial Planning. Keller is originally from Dallas, TX and currently resides in New York, NY.
He earned his undergraduate degree from The University of Oklahoma and received the Financial Planning Specialist® designation from the College for Financial Planning. Keller is originally from Dallas, TX and currently resides in New York, NY.
About Elizabeth Chand
Elizabeth Chand leads the Family Office Resource Generalist team and also covers the Central Region. As a FOR Generalist Elizabeth provides specialized expertise to Financial Advisors and their UHNW clients, educating and advising across a broad spectrum of family wealth management concerns, including family legacy and governance, customized wealth education for the next generation, lifestyle advisory and concierge services, strategic estate and financial planning, and philanthropy management.
Most recently, Elizabeth worked with New York Life in their Advanced Planning Group. She worked with agents and their UHNW clients to advise them on issues of estate and legacy planning as well as business succession planning. Prior to New York Life she ran a boutique estate planning law firm in Southern California working with high net worth families and businesses. Her practice focused exclusively on trusts and estates, probate, trust administration and tax. She has over 15 years of experience as an attorney representing individuals and business clients in connection with the development and implementation of sophisticated estate planning strategies and techniques.
Elizabeth holds a Bachelor of Arts and Master of Science degrees from the University of Pennsylvania and her J.D. degree from Chapman University School of Law where she graduated Cum Laude. Elizabeth also holds her Series 7, 66 and 24 securities licenses. Elizabeth lives in the Dallas, TX area with her husband, four daughters and dog Zoe.
Most recently, Elizabeth worked with New York Life in their Advanced Planning Group. She worked with agents and their UHNW clients to advise them on issues of estate and legacy planning as well as business succession planning. Prior to New York Life she ran a boutique estate planning law firm in Southern California working with high net worth families and businesses. Her practice focused exclusively on trusts and estates, probate, trust administration and tax. She has over 15 years of experience as an attorney representing individuals and business clients in connection with the development and implementation of sophisticated estate planning strategies and techniques.
Elizabeth holds a Bachelor of Arts and Master of Science degrees from the University of Pennsylvania and her J.D. degree from Chapman University School of Law where she graduated Cum Laude. Elizabeth also holds her Series 7, 66 and 24 securities licenses. Elizabeth lives in the Dallas, TX area with her husband, four daughters and dog Zoe.
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
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
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
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
Donor Advised Funds: A Smart Way to Manage Your Giving
Article Image
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 Fox, Hughes 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 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.
Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When 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.
3Morgan 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.
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 and other legal matters.
5Alternative 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.
6Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan 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.
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.
9Morgan 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
10Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan 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.
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.
13Morgan 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.
14Morgan 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 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.
Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When 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.
3Morgan 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.
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 and other legal matters.
5Alternative 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.
6Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan 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.
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.
9Morgan 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
10Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan 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.
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.
13Morgan 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.
14Morgan 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
CRC 6491812 (04/2024)
