Patrick Galloway
Senior Vice President, Wealth Management, Financial Advisor, Family Wealth Advisor
Phone:
(615) 665-4709(615) 665-4709
The Galloway Porter Group at Morgan Stanley
Direct:
(615) 292-0303(615) 292-0303
Toll-Free:
(800) 228-8517(800) 228-8517
Our Mission Statement
We Are In The Business Of Helping Change People's Lives
About Us
Empowering families in an effort to achieve and maintain financial independence is the fundamental principle that drives our practice. We focus on what is most important to you and provide the investment thinking, dedicated skills and global resources to enable you to make more informed decisions about your finances. Our ultimate goal – through a comprehensive financial planning process- is to help you manage your wealth more effectively, so you may reach your specific financial objectives in today’s complex global markets.
Our wealth management approach covers the full spectrum of customized solutions. As your “personal chief financial officer,” we not only focus on helping you articulate your needs and aspirations, but also on reviewing virtually all aspects of your financial life, so we may create a comprehensive roadmap that can help ensure financial success over multiple generations.
Committed to helping you preserve and grow your assets, we strive to be your primary financial advisory team. We are focused on providing timely, unbiased advice and earning your confidence every day striving to make a real difference in your life.
Our wealth management approach covers the full spectrum of customized solutions. As your “personal chief financial officer,” we not only focus on helping you articulate your needs and aspirations, but also on reviewing virtually all aspects of your financial life, so we may create a comprehensive roadmap that can help ensure financial success over multiple generations.
Committed to helping you preserve and grow your assets, we strive to be your primary financial advisory team. We are focused on providing timely, unbiased advice and earning your confidence every day striving to make a real difference in your life.
Services Include
- UGMA/UTMAFootnote1
- Wealth Consulting
- Wealth ManagementFootnote2
- 401(k) Rollovers
- 529 PlansFootnote3
- Asset Management
- Cash ManagementFootnote4
- Defined Contribution PlansFootnote5
- Divorce Financial AnalysisFootnote6
- Estate Planning StrategiesFootnote7
- Exchange Traded FundsFootnote8
- Financial PlanningFootnote9
- Long Term Care InsuranceFootnote10
- Municipal BondsFootnote11
- Planning for Education FundingFootnote12
- Professional Portfolio ManagementFootnote13
- Qualified Retirement PlansFootnote14
- Retirement PlanningFootnote15
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Your go to resource page for planning, investing, and more.
Fundamentals of investing
It all starts with the basics. Check out this factsheet to learn more about the various asset classes, as well as some basic tenets of investing.
The Fundamentals of InvestingRobust Retirement Income Planning
Every person is different, and therefore their individual financial needs and goals are different. Review this factsheet to learn the essentials of retirement income
Robust Retirement Income PlanningRaising Money-Savvy Kids
Are you preparing your kids to be informed now to achieve their future financial goals and plans? The below document will guide you how to do so.
Raising Money-Savvy KidsIncome and Estate Tax Planning
Just as important as retirement income planning is tax planning, The below document has helpful information on how to tackle this important aspect of planning.
Income and Estate Tax PlanningPlan for Your Future
Your financial future is one of the most important things you can do in life. Not sure where to start? Check out the below document for more information.
Plan for Your FutureExchange-Traded Funds
Exchange funds can be very important and useful investment vehicles, but how do they work? Check out the factsheet below to learn more.
Exchange-Traded FundsDigital Wealth Tools
Our investment strategy leverages modern wealth tools and cutting-edge technology. By providing our clients with customized wealth management solutions, we enable our clients to be one step closer to helping achieve their life goals. We have assembled the following Morgan Stanley financial tools and platforms that support our wealth management philosophy and investment strategies.
Morgan Stanley Online
Your investments and everyday finances are always just a few clicks away with Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App.
Learn More About Morgan Stanley OnlineTotalWealthView
Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access, and convenient connectivity.
Learn More and Enroll In TotalWalthViewOnline Security
At Morgan Stanley, safeguarding your assets and personal information is among our highest priorities. Learn about our security measures and use our resources and ideas to help protect yourself online.
Online SecurityGoal Planning System (GPS)
Our Goals Planning System is built on Morgan Stanley's intellectual capital and capabilities, to provide you with comprehensive investing and planning solutions for your individual goals. Contact us to begin your plan today.
Learn More about GPSMSO Mobile App
The Morgan Stanley Mobile App gives you the same capabilities as Morgan Stanley Online – all from the convenience of your own phone. It also offers features to simplify your everyday finances. These include mobile check deposit and Send Money with Zelle.
Download the MSO Mobile AppeServices
Send/receive wire transfers, review your monthly statements and safely store your important documents with our suite of eServices. With eDelivery, eAuthorization, eSign and our Digital Vault you can avoid the hassle of paper and monitor your accounts from your MSO account and the MSO mobile app.
Learn More and Enroll
We believe financial education leads to better insights into our investment strategy and discipline, and potentially, better long-term results. As a result, we are committed to providing you with important information about managing your wealth more effectively in today’s global markets.
Location
3102 West End Ave
Ste 200
Nashville, TN 37203
US
Direct:
(615) 292-0303(615) 292-0303
Toll-Free:
(800) 228-8517(800) 228-8517
Meet The Galloway Porter Group
Drake Porter
Senior Vice President, Financial Advisor
Phone:
(615) 665-4727(615) 665-4727
Christina Milewski
Senior Client Service Associate
Phone:
(615) 665-4719(615) 665-4719
About Patrick Galloway
Patrick Galloway a Financial Advisor and Investment Management Consultant for The Galloway Porter Group at Morgan Stanley. Since 2003 Patrick has utilized extensive knowledge and understanding of financial markets to provide a comprehensive level of service to high net worth and institutional clientele along with his teammates. Joining the Galloway Porter Group after moving to Nashville has allowed him to focus on these strengths in the Goals-Based Wealth Management process for clients. Developing customized strategies which draw upon the vast resources of Morgan Stanley, Patrick is able to provide top-level service to each client and family.
Prior to joining The Galloway Porter Group, Patrick directed an investment team in the Ponte Vedra Beach, Florida office. Past experiences include service at Morgan Keegan and time with the Private Banking division of Synovus Financial Corporation help Patrick to have a breadth of knowledge to provide sound advice.
A native of Carrolton, Georgia, with an International Business degree from Mercer University—Patrick is now in his “forever” home of Nashville, TN. Nashville allows Patrick, his wife, and daughter to be close to extended family as well as a family farm where he loves spending time in Kentucky. An avid hunter and fisherman, you can find Patrick with his Dad and brothers at various spots enjoying these activities. When he isn’t doing these, he is with his family or utilizing some personal fitness time at the YMCA.
AR Insurance License #: 6792956
Prior to joining The Galloway Porter Group, Patrick directed an investment team in the Ponte Vedra Beach, Florida office. Past experiences include service at Morgan Keegan and time with the Private Banking division of Synovus Financial Corporation help Patrick to have a breadth of knowledge to provide sound advice.
A native of Carrolton, Georgia, with an International Business degree from Mercer University—Patrick is now in his “forever” home of Nashville, TN. Nashville allows Patrick, his wife, and daughter to be close to extended family as well as a family farm where he loves spending time in Kentucky. An avid hunter and fisherman, you can find Patrick with his Dad and brothers at various spots enjoying these activities. When he isn’t doing these, he is with his family or utilizing some personal fitness time at the YMCA.
AR Insurance License #: 6792956
Securities Agent: AR, AZ, MO, NY, TN, WI, TX, MD, CA, FL, IL, KY, OH, AL, OK, MS, PA, MA, CO, GA, WA, OR, VA, SC; General Securities Representative; Investment Advisor Representative
NMLS#: 1278758
NMLS#: 1278758
About Drake Porter
Drake brings more than 25 years of financial services experience to every client he advises. He began his career as an Institutional Fixed Income professional with a regional bank in Alabama but soon realized that his true passion lay with helping individuals and their families pursue their financial goals.
“Financial planning is the basis of everything we do,” he says. “I take great pride when realizing that my clients can be confident with their finances and that they can reach the objectives they set out to achieve.”
Drake joined a Morgan Stanley predecessor firm in 1997 before moving to Nashville to build a practice with Morgan Keegan. When that firm was sold in 2011, he returned to Morgan Stanley where he established the team that is now The Galloway Porter Group. Drake spends much of his time focused on fixed income and portfolio management. He works closely with Morgan Stanley’s Global Investment Committee to identify third party managers worthy of making day-to-day investment decisions for the team’s clients.
Drake loves his adopted home state where he now resides with his wife Jill and their three teenaged children. He is a supporter of St. Jude’s Children’s Hospital and an avid tennis player and spectator at his children’s many athletic events.
AR Insurance License #: 5816739
“Financial planning is the basis of everything we do,” he says. “I take great pride when realizing that my clients can be confident with their finances and that they can reach the objectives they set out to achieve.”
Drake joined a Morgan Stanley predecessor firm in 1997 before moving to Nashville to build a practice with Morgan Keegan. When that firm was sold in 2011, he returned to Morgan Stanley where he established the team that is now The Galloway Porter Group. Drake spends much of his time focused on fixed income and portfolio management. He works closely with Morgan Stanley’s Global Investment Committee to identify third party managers worthy of making day-to-day investment decisions for the team’s clients.
Drake loves his adopted home state where he now resides with his wife Jill and their three teenaged children. He is a supporter of St. Jude’s Children’s Hospital and an avid tennis player and spectator at his children’s many athletic events.
AR Insurance License #: 5816739
Securities Agent: CA, MA, IN, WI, WA, PA, VA, SC, OH, ME, GA, AR, RI, MO, MD, KY, OR, AZ, NY, MS, IL, CO, OK, AL, TX, FL, TN, NC; General Securities Representative; Investment Advisor Representative
NMLS#: 1421410
NMLS#: 1421410
About Christina Milewski
Chrissy is the Senior Client Service Associate for The Galloway Porter Group at Morgan Stanley. With over 20 years of experience in the investment industry, Chrissy brings a great deal of knowledge to her team, overseeing all operational activity. Chrissy's responsibilities for The Galloway Porter Group include new client onboarding, maintaining a high level of client engagement, and utilization all of the firm’s available resources to help enhance the overall client experience. Chrissy prides herself on providing the highest dedication for clients and their families.
Outside of the office, Chrissy is excited to be part of The founding Chapter for Williamson County, Young Men’s Service League (YMSL). She will serve on the board as VP, Young Men's Coordinator. In her free time she and her husband enjoy time with their 2 children and their dog Wrigley.
Outside of the office, Chrissy is excited to be part of The founding Chapter for Williamson County, Young Men’s Service League (YMSL). She will serve on the board as VP, Young Men's Coordinator. In her free time she and her husband enjoy time with their 2 children and their dog Wrigley.
Contact Patrick Galloway
Contact Drake Porter
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
Are You Prepared for Tax Day?
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
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Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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Ready to start a conversation? Contact The Galloway Porter Group today.
1Morgan 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.
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
3Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
4Morgan 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
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
9Morgan 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.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
12When 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.
13Morgan 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.
14When 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.
15When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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Awards Disclosures
2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
3Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
4Morgan 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
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
9Morgan 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.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
12When 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.
13Morgan 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.
14When 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.
15When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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Awards Disclosures
CRC 6491812 (04/2024)
