Senior Vice President, Financial Advisor, Senior Portfolio Management Director, Family Wealth Advisor
Phone:
(212) 692-2851(212) 692-2851
The Fulcrum New York Group at Morgan Stanley
Direct:
(212) 492-6385(212) 492-6385
Our Mission Statement
The Fulcrum Group works in partnership with our clients to build and sustain wealth over generations.
The Fulcrum Story
Bob Gibbons and Tom Poteat first met in 1996 when each were working in downtown Manhattan as Financial Advisors. Bob was at Dean Witter (now Morgan Stanley) in the World Trade Center while Tom was at Oppenheimer in the World Financial Center. Nearly two decades later, they found themselves seated next to each other at Morgan Stanley’s Rockefeller Center Office in 2015. After a year of working next to each other, they realized that forming a partnership with their diverse skill sets would create a more meaningful and effective way to serve their clients. In 2016, they created the Fulcrum Group.
The Fulcrum Group works in partnership with their clients to build and sustain wealth over generations. Together with the families they serve, they create, execute, and monitor highly creative and dynamic financial plans that are customized to meet the goals and unique circumstances of every family.
Clients work with the Fulcrum Group for the peace of mind they instill as a result of their ability to listen and collaborate. They serve every aspect of their clients’ financial decisions, which includes college planning, retirement planning, estate planning, financing, corporate compensation plans, and tax planning.
The Fulcrum Group accomplishes results through extensive client contact to develop a deep understanding of all aspects of their clients’ lives with a focus on the People, Ideas, Organizations, Activities and Things that are most important to them. This understanding is the key element to their clients’ success.
The Fulcrum Group works in partnership with their clients to build and sustain wealth over generations. Together with the families they serve, they create, execute, and monitor highly creative and dynamic financial plans that are customized to meet the goals and unique circumstances of every family.
Clients work with the Fulcrum Group for the peace of mind they instill as a result of their ability to listen and collaborate. They serve every aspect of their clients’ financial decisions, which includes college planning, retirement planning, estate planning, financing, corporate compensation plans, and tax planning.
The Fulcrum Group accomplishes results through extensive client contact to develop a deep understanding of all aspects of their clients’ lives with a focus on the People, Ideas, Organizations, Activities and Things that are most important to them. This understanding is the key element to their clients’ success.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- 401(k) Rollovers
- Retirement PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Asset Management
- Sustainable InvestingFootnote5
- Trust ServicesFootnote6
- Professional Portfolio ManagementFootnote7
- LGBT+ Planning ServicesFootnote8
- 529 PlansFootnote9
- Cash ManagementFootnote10
- Long Term Care InsuranceFootnote11
- Life InsuranceFootnote12
- Executive Financial ServicesFootnote13
- Business Succession PlanningFootnote14
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
At The Fulcrum New York Group at Morgan Stanley, we value loyalty to each other and to the individuals and families we serve every day. Helping our clients transition into the next stage of their lives after a major financial event is what we pride ourselves on. Through a variety of collaborative efforts, we are highly engaged in striving to create a better and brighter future for our clients.
Step 1: Discovery Call
This in-depth conversation provides us with the opportunity to get to know you and your family, so that we may potentially develop strategies and customize the relationship to help best meet your needs.
Step 2: Receive Financial Statements
After our Discovery Call, we will ask you to send us your Financial Statements. This will help us to determine your risk tolerance, analyze your current investment portfolio, develop an asset allocation strategy, and construct a tailored portfolio for you.
Step 3: Present Rough Draft of Financial Plan
Every client is provided with a LifeView Financial Plan and Goal Analysis. Doing this allows the team to understand their clients' goals. If a client does not feel comfortable with this process, we would not be able to have a comprehensive understanding of their full financial picture and therefore cannot help them.
Step 4: Present Final Draft of Financial Plan
After making any necessary changes to the initial version of your Financial Plan, we will present you with a final draft of your Financial Plan. If everything is acceptable to you, we will continue on to the next step of our process.
Step 5: Implementation of Financial Plan
Once client goals are determined, we will be able to create and maintain a proper asset allocation for each client. After comprehensive due diligence and analysis of expected results across multiple market scenarios are performed, strategies are chosen from our expansive investment platform.
Step 6: Ongoing Assessment & Monitoring
We will conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs. We find that actively communicating at least 5-6 times per year with our clients is one of the keys to a good relationship.
Important Research & Resources Available To The Fulcrum New York Group's Clients
As a part of our services, we will have the ability to provide Morgan Stanley's Award-Winning Research along with any timely and important information that may be valuable to you.
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55 East 52nd Street
14th Floor
New York, NY 10055
US
Direct:
(212) 492-6385(212) 492-6385
One Fawcett Place
3rd Floor
Greenwich, CT 06830
US
Direct:
(212) 492-6385(212) 492-6385
Meet The Fulcrum New York Group
Senior Vice President, Wealth Management, Financial Advisor, Portfolio Management Director
Phone:
(212) 893-7590(212) 893-7590
Irene Chuce
Client Service Associate
Phone:
(212) 492-6385(212) 492-6385
About Robert Gibbons
Bob began his career as a Financial Advisor at Morgan Stanley over 30 years ago after graduating from the University of Richmond in Virginia. Along with fellow Morgan Stanley Financial Advisor, Tom Poteat, Bob co-founded the Fulcrum New York Group at Morgan Stanley to harness the full resources of the firm. As a Senior Portfolio Management Director and Family Wealth Advisor, Bob works with High-Net-Worth Families to develop, implement and monitor tailored investment strategies designed to achieve a client’s goals.
Bob is married to his high school sweetheart and lives with his two children in his hometown in Connecticut. He has served as a coach in both little league baseball and youth soccer for his two children. He supports many local charities and is an active member of his local Exchange Club where he serves on the Grants and Donations Committee. Additionally, Bob is a strong supporter of the University of Richmond and serves on the Alumni Recruitment Committee, the College Fair Committee and previously served on the 25th Reunion Committee. Bob previously served as a Board Member and Ski Instructor for the Bart Adaptive Sport Center, an organization that teaches adults and children with disabilities to ski at both Bromley Mountain and Stratton Mountain in Vermont.
Bob is married to his high school sweetheart and lives with his two children in his hometown in Connecticut. He has served as a coach in both little league baseball and youth soccer for his two children. He supports many local charities and is an active member of his local Exchange Club where he serves on the Grants and Donations Committee. Additionally, Bob is a strong supporter of the University of Richmond and serves on the Alumni Recruitment Committee, the College Fair Committee and previously served on the 25th Reunion Committee. Bob previously served as a Board Member and Ski Instructor for the Bart Adaptive Sport Center, an organization that teaches adults and children with disabilities to ski at both Bromley Mountain and Stratton Mountain in Vermont.
Securities Agent: AR, PA, PR, OH, NM, KY, ID, FL, WA, TN, VA, RI, NJ, MN, IL, CA, AL, AK, ME, LA, SD, OR, NY, NC, MT, MI, SC, MD, MA, GA, CO, DE, DC, AZ, NH, TX, IN, CT; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1390876
NMLS#: 1390876
About Thomas G Poteat
Tom started his financial career in 1996 at Dean Witter Trust, and soon became a financial Advisor at Oppenheimer. At Oppenheimer, he was introduced to Managed Money or working with private asset managers. He was recruited to Laidlaw Global Securities to create and build an asset management division. In April of 1999, Smith Barney (now Morgan Stanley) recruited Tom to improve and build upon their financial planning process. This has become the backbone to Tom’s planning process.
His thorough understanding of corporate stock options along with retirement income planning enables him to build balanced portfolios by using a blend of many asset classes including stocks and bonds. Tom believes it is thrill to help corporate executives put together a tax efficient strategy to reduce exposure to concentrated stock positions.
He is involved with the following organizations: NestUSA.org, Central Park, and GLAAD. Tom formerly served on the advisory board of NestUSA.org which provides free software to improve English literacy for grades K-3.
Tom earned his Bachelor’s of Science from College of Charleston with a minor in French. In 1995, after college, he moved to NYC without a job, a place to live or ever visiting the city. Essentially, he loaded up the U-Haul and moved to NYC to see the world. While most people would view this as a big risk, Tom would argue that the real risk was not taking the risk. New York City has been his personal MBA program in food, culture and work experience.
Tom resides in Midtown Manhattan. He likes to spend his time reading science fiction, seeing plays, movies and enjoys Citi-biking around town. In the summer, he plays softball with the Big Apple Softball League.
“My relationships with clients over the years have been phenomenal… watching families grow up and helping them achieve their financial goals. I enjoy helping and teaching clients about finance. I have always encouraged my clients to ask questions no matter what, it is the best way to learn. Our balance based approach has helped clients navigate and weather these financial storms.” - Tom P.
His thorough understanding of corporate stock options along with retirement income planning enables him to build balanced portfolios by using a blend of many asset classes including stocks and bonds. Tom believes it is thrill to help corporate executives put together a tax efficient strategy to reduce exposure to concentrated stock positions.
He is involved with the following organizations: NestUSA.org, Central Park, and GLAAD. Tom formerly served on the advisory board of NestUSA.org which provides free software to improve English literacy for grades K-3.
Tom earned his Bachelor’s of Science from College of Charleston with a minor in French. In 1995, after college, he moved to NYC without a job, a place to live or ever visiting the city. Essentially, he loaded up the U-Haul and moved to NYC to see the world. While most people would view this as a big risk, Tom would argue that the real risk was not taking the risk. New York City has been his personal MBA program in food, culture and work experience.
Tom resides in Midtown Manhattan. He likes to spend his time reading science fiction, seeing plays, movies and enjoys Citi-biking around town. In the summer, he plays softball with the Big Apple Softball League.
“My relationships with clients over the years have been phenomenal… watching families grow up and helping them achieve their financial goals. I enjoy helping and teaching clients about finance. I have always encouraged my clients to ask questions no matter what, it is the best way to learn. Our balance based approach has helped clients navigate and weather these financial storms.” - Tom P.
Securities Agent: IL, SC, NM, MN, MI, KY, FL, DE, DC, CO, OH, NH, ME, LA, CA, NJ, MT, MD, AZ, SD, PR, PA, ID, GA, VA, TX, OR, NC, NY, AR, AK, WA, CT, TN, RI, MA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1290465
NMLS#: 1290465
About Irene Chuce
Irene Chuce assists Financial Advisors and Clients with Administrative and Operational Support and is responsible for The Fulcrum New York Group's day-to-day business operations.
Irene Chuce joined Morgan Stanley as a Client Service Associate in 2005. Fluent in Spanish and English, Irene assists financial advisors and clients with administrative, operational support, and digital engagement. In her free time, Irene enjoys spending time with her son, cooking, baking, reading, or watching films.
Irene Chuce joined Morgan Stanley as a Client Service Associate in 2005. Fluent in Spanish and English, Irene assists financial advisors and clients with administrative, operational support, and digital engagement. In her free time, Irene enjoys spending time with her son, cooking, baking, reading, or watching films.
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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
Jake Derian
Financial Planning Associate
About Jake Derian
Jake Derian 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 the 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. Jake 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 Siena University and received the Financial Planning Specialist® designation from the College for Financial Planning. Jake is originally Albany, NY and currently resides in Franklin Lakes, NJ.
He earned his undergraduate degree from Siena University and received the Financial Planning Specialist® designation from the College for Financial Planning. Jake is originally Albany, NY and currently resides in Franklin Lakes, NJ.
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
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.
When 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.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
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.
When 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.
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Creating customized financial strategies for the challenges that today’s families face.
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Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Fulcrum New York Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3When 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.
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.
5Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
6Morgan 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.
7Morgan 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.
8Morgan 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.
9Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
10Morgan 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
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
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For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3When 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.
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.
5Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
6Morgan 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.
7Morgan 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.
8Morgan 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.
9Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
10Morgan 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
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025), 4763067 (9/2025)
