Senior Vice President, Financial Advisor, CERTIFIED FINANCIAL PLANNER®, Alternative Investments Director, Financial Planning Specialist
Phone:
(516) 227-2815(516) 227-2815
The Garden City Group at Morgan Stanley
Our Mission Statement
Our goal is to be your most trusted advisor through our professional knowledge, our integrity, and our personalized service.
Welcome
As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Services Include
- Wealth ManagementFootnote1
- Alternative InvestmentsFootnote2
- Retirement PlanningFootnote3
- Financial PlanningFootnote4
- Qualified Retirement PlansFootnote5
- 401(k) Rollovers
- Estate Planning StrategiesFootnote6
- Sustainable InvestingFootnote7
- Cash Management and Lending ProductsFootnote8
- Trust AccountsFootnote9
- Philanthropic ManagementFootnote10
- Executive Financial ServicesFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
WORKING WITH YOU
As your dedicated wealth management analyst, my role is to tailor a personalized financial strategy which fits your needs. In my experience working with clients, we have developed a step by step approach.
Discovery Process
We will begin our relationship by listening and discussing a range of topics related to your financial needs and align the resources to help meet them. Based on your input, our advice will likely help address income and retirement planning, asset protection, investment management, strategic borrowing, wealth transfer and business succession.
Forming your Strategy
Using your life goals as our compass, we create a risk-balanced strategy which maps a clear path to achieving your success.
Implementing Your Plan
After we have discussed and refined your strategy, I will work closely with you to bring the elements to life. Whatever approach we decide on, I will help you keep your strategy on track. When your personal situation or market conditions change significantly, I can suggest appropriate adjustments to your portfolio to help it remain aligned with your goals.
Measure Your Success
We check in with you to deliver metrics around your portfolio, and ultimately measure trajectory towards your goals. My ultimate mission is your success and well-being.
Valuable Tools and Resources
We believe financial education leads to better insights into our investment strategy and discipline, and ultimately, better long-term decisions. As a result, we are committed to providing you with important information about managing your wealth more effectively in today’s global markets.
We have assembled the following resources that reinforce the fundamental investment strategies and concepts of our practice. We’ve provided links to these materials, where available, and hope you’ll return often to learn more about the topics that impact your overall wealth.
We have assembled the following resources that reinforce the fundamental investment strategies and concepts of our practice. We’ve provided links to these materials, where available, and hope you’ll return often to learn more about the topics that impact your overall wealth.
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Wealth Management Home Page
The Morgan Stanley difference is emphasized when it comes to the plethora of resources that we provide our clients. Click on the link below to learn more about our firm, our values, and our services.
Learn more about Morgan Stanley Wealth Management
Thoughts on the Market Podcast
With perspectives on the forces shaping the market, join Morgan Stanley's Chief Investment Officer and Chief US Equity Strategist as he and his colleagues discuss their viewpoints regarding the latest trends in the financial marketplace.
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Addressing Cybercrime
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Estate Planning Educational Video Series
These educational videos discuss the basics and highlight the resources available in estate planning strategies to help you address some of life's challenges and opportunities as they arise.
The Basics of Estate Planning
Total Tax 365
Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential and help keep more of what you earn.
Learn MoreAs your family grows and your wealth increases, you may face a broader and more complex set of wealth management challenges. We have the extensive experience, training and the resources necessary to help you and your family address these needs. We are here to help you create and implement a comprehensive wealth management plan based on your unique goals and aspirations.
Our integrated approach to planning includes family issues, wealth transfer, asset preservation and location, and business succession planning, with a focus on helping you:
• Maintain family unity across generations, focusing on family mission, governance, conflict management and family endowments
• Help ease administration burdens by managing some of the most complex aspects of your life*
• Help manage wealth with a long-term view and a unwavering focus on your family’s interests
• Help preserve your assets and transfer them efficiently to the next generation and the causes and institutions you support
• Develop strategies that pass down family values as well as family assets
• Access ultra-high net worth resources and strategies tailored specifically to your needs and goals
Our integrated approach to planning includes family issues, wealth transfer, asset preservation and location, and business succession planning, with a focus on helping you:
• Maintain family unity across generations, focusing on family mission, governance, conflict management and family endowments
• Help ease administration burdens by managing some of the most complex aspects of your life*
• Help manage wealth with a long-term view and a unwavering focus on your family’s interests
• Help preserve your assets and transfer them efficiently to the next generation and the causes and institutions you support
• Develop strategies that pass down family values as well as family assets
• Access ultra-high net worth resources and strategies tailored specifically to your needs and goals
By putting clients first, our team is leading the way.
Forbes Top Next Gen Best-In-State Wealth Advisors
2019, 2022, 2023 - Peter Costello
2019, 2022, 2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019, 2022, 2023, 2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2019, 2022, 2023 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019, 2022, 2023, 2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Morgan Stanley's Pace Setters Club
2016-2021 - Peter Costello
Morgan Stanley Wealth Management Pacesetter’s Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter’s Club membership is no guarantee of future performance.
Morgan Stanley Wealth Management Pacesetter’s Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter’s Club membership is no guarantee of future performance.
Morgan Stanley Century Club
2022-2024 - Peter Costello
Morgan Stanley Wealth Management Century Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Century Club membership is no guarantee of future performance.
Morgan Stanley Wealth Management Century Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Century Club membership is no guarantee of future performance.
Morgan Stanley Century Club
2019-2023 - John Blair
Morgan Stanley Wealth Management Century Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Century Club membership is no guarantee of future performance.
Morgan Stanley Wealth Management Century Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Century Club membership is no guarantee of future performance.
Forbes Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2025) Data complied by SHOOK Research LLC based for the period 3/31/23-3/31/24.
Location
1200 Franklin Avenue 2nd
Fl
Garden City, NY 11530
US
Direct:
(516) 227-2815(516) 227-2815
Meet The Garden City Group
Senior Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(516) 227-2850(516) 227-2850
First Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(516) 227-2840(516) 227-2840
Associate Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(516) 227-2808(516) 227-2808
Linda A. Murphy-Kall
Client Service Associate
Phone:
(516) 227-5627(516) 227-5627
Jacqueline Giammarusco
Registered Client Service Associate
Phone:
(516) 683-3204(516) 683-3204
About Peter Costello
Peter J Costello is a Senior Vice President, CERTIFIED FINANCIAL PLANNER, Alternative Investments Director, and Financial Advisor in the Western Long Island Complex. Prior to joining the Firm, Peter worked on the institutional Foreign Exchange and Emerging Markets trading desk at Nomura. As the head of the Garden City Group, Peter has played a pivotal role in helping clients reach their financial success. He loves working with clients to learn about what is important to them and how a disciplined financial approach can help them achieve their goals.
Peter’s passion for helping people combined with his knowledge in the industry are the biggest factors in what inspired him to become a Financial Advisor. Peter learned at a young age from his father’s practice about the power of having a financial plan for life and its long-term decisions. His ability to take complex concepts and explain them in a straightforward manner set him apart from other advisors in the industry. Peter provides a high level of trust and experience to guide clients through creating a financial road map for success.
While not in the office, Peter is an active member of his local community, where he serves on the board of directors for the Catholic Faith Network. He also supports various local charities that benefit military veterans in need. Family is of the utmost importance in Peter’s life. He is married to his wife, Chelsea, and together, they have three children. Outside of work, Peter enjoys, spending time with his family, playing golf, platform tennis, and skiing.
Peter’s passion for helping people combined with his knowledge in the industry are the biggest factors in what inspired him to become a Financial Advisor. Peter learned at a young age from his father’s practice about the power of having a financial plan for life and its long-term decisions. His ability to take complex concepts and explain them in a straightforward manner set him apart from other advisors in the industry. Peter provides a high level of trust and experience to guide clients through creating a financial road map for success.
While not in the office, Peter is an active member of his local community, where he serves on the board of directors for the Catholic Faith Network. He also supports various local charities that benefit military veterans in need. Family is of the utmost importance in Peter’s life. He is married to his wife, Chelsea, and together, they have three children. Outside of work, Peter enjoys, spending time with his family, playing golf, platform tennis, and skiing.
Securities Agent: SC, TX, NM, CA, RI, WI, DC, OR, AZ, MN, CT, KY, GA, MI, UT, HI, MD, VA, LA, KS, IL, NJ, VI, TN, WA, PA, NY, VT, NH, NV, OH, NC, FL, IN, WV, MA, CO, ID, AR, DE, MO, AK; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1437901
CA Insurance License #: 0M72386
NMLS#: 1437901
CA Insurance License #: 0M72386
About John C Blair
BA - Villanova University, 1990
Financial Planning Specialist (FPS)
Smith Barney
Series 7-General Securities Representative
Series 63-Uniform State Exam
Series 65-Investment Advisory Agent
Life & Health Insurance Licensed
2001 - Present: Morgan Stanley*
1996 - 2001: Merrill Lynch
1992 - 1996: Paine Webber
Financial Planning Specialist (FPS)
Smith Barney
Series 7-General Securities Representative
Series 63-Uniform State Exam
Series 65-Investment Advisory Agent
Life & Health Insurance Licensed
2001 - Present: Morgan Stanley*
1996 - 2001: Merrill Lynch
1992 - 1996: Paine Webber
Securities Agent: MI, DE, MO, PA, WA, VA, NM, ID, IL, WI, OR, NC, CT, AR, AK, LA, KY, SC, UT, MD, KS, NJ, VT, OH, AZ, TX, MA, CA, CO, GA, NV, MN, IN, HI, FL, OK, DC, RI, TN, NY, NH; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1255457
CA Insurance License #: OD45188
NMLS#: 1255457
CA Insurance License #: OD45188
About Steve N Jaenichen
Securities Agent: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, HI; General Securities Representative; Investment Advisor Representative
NMLS#: 1401589
NMLS#: 1401589
About Joseph Nakashian
Joseph was a small business owner in the auto industry prior to joining Merrill Lynch in November 2017. After two years at Merrill Lynch, Joseph was recruited by the Rule-Suger Team of the Burrows-Strzelecki Stock Plan Group at Morgan Stanley. Joseph specializes in business development and is a chartered retirement planning counselor (CRPC®) accredited through the college for financial planning. Joseph studied business at Virginia Commonwealth University and graduated with BS in economics from Queens College.
Securities Agent: RI, AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY; General Securities Representative; Investment Advisor Representative
NMLS#: 1743376
NMLS#: 1743376
About Kenneth Olsen
Kenneth Olsen is a dedicated financial advisor who strives to make sense of the intricate financial world and give his clients financial solutions that keep their interest priority number one. With a deep-rooted passion for guiding individuals and families through various life milestones, Ken values the trust bestowed upon him by multiple generations of clients and their family members.
Ken became very interested in the stock market at a very young age and decided he wanted to become an investor. Upon entering college, he realized that becoming a financial advisor would enable him to help individual investors explain the complexity of the marketplace and help clients achieve their financial milestones.
Guided by his love of the markets and his ability to connect with people, Ken approaches each client relationship applying his knowledge and expertise spanning over two decades to asses’ unique situations and develop personalized investment solutions tailored to each of his relationships.
Ken embarked on his financial services career in 1997 and joined Morgan Stanley in 2004. He holds a Bachelor of Science from Cornell University. Throughout his career, Ken has remained steadfast in his commitment to serving clients, a journey that led him to Morgan Stanley, continuing to make a difference in the lives of those he serves.
Ken acknowledges that people do business according to the K/L/T model: Know, Like, and Trust! Driven by a desire to be different from his competitors; he implements a 90-day no-contact service model whereby he speaks to his clients once a quarter whereby earning their trust and ensuring a predicable engagement model that works best for his clients' busy schedules. Ken's entire business is based upon the trust he has earned from his clients which has become the single most important reason why they readily refer family members and friends without hesitation.
Outside of his professional career, Ken finds joy in outdoor activities including boating and fishing. He Is happily married to his wife and has one son. He is grateful for being blessed with his close-knit family.
Ken became very interested in the stock market at a very young age and decided he wanted to become an investor. Upon entering college, he realized that becoming a financial advisor would enable him to help individual investors explain the complexity of the marketplace and help clients achieve their financial milestones.
Guided by his love of the markets and his ability to connect with people, Ken approaches each client relationship applying his knowledge and expertise spanning over two decades to asses’ unique situations and develop personalized investment solutions tailored to each of his relationships.
Ken embarked on his financial services career in 1997 and joined Morgan Stanley in 2004. He holds a Bachelor of Science from Cornell University. Throughout his career, Ken has remained steadfast in his commitment to serving clients, a journey that led him to Morgan Stanley, continuing to make a difference in the lives of those he serves.
Ken acknowledges that people do business according to the K/L/T model: Know, Like, and Trust! Driven by a desire to be different from his competitors; he implements a 90-day no-contact service model whereby he speaks to his clients once a quarter whereby earning their trust and ensuring a predicable engagement model that works best for his clients' busy schedules. Ken's entire business is based upon the trust he has earned from his clients which has become the single most important reason why they readily refer family members and friends without hesitation.
Outside of his professional career, Ken finds joy in outdoor activities including boating and fishing. He Is happily married to his wife and has one son. He is grateful for being blessed with his close-knit family.
Securities Agent: NY, MA, CA, RI, OR, NC, GA, FL, DC, MI, IL, CT, AZ, AR, WI, VT, MN, ID, OH, MO, IN, HI, DE, TX, SC, NV, CO, NH, UT, WA, PA, NJ, MD, KS, VA, TN; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1285071
NMLS#: 1285071
About Linda A. Murphy-Kall
Linda joined Morgan Stanley in 2022 as a Client Service Associate in the Western Long Island Complex. Prior to joining Morgan Stanley, she spent 12 1/2 years at Ralph Lauren, most currently as a Director of Buying. Linda’s ability to cohesively work with others, desire to provide the utmost satisfaction to clients, and passion for finance has been vital to her team. As a member of the Garden City Group, Linda assists both clients and advisors as a jack of all trades in the day-to-day responsibilities, which consists of client-facing and internal operations.
Linda graduated from Furman University with a degree in Health & Exercise Science. Outside of work, Linda is an active member of the National Charity League, a not-for-profit organization designed to encourage volunteer opportunities for mothers and their daughters in grades 7-12. Linda is happily married with two daughters, Georgia and Darcy. In her free time, Linda enjoys spending time with family, traveling, baking with her daughters, and reading.
Linda graduated from Furman University with a degree in Health & Exercise Science. Outside of work, Linda is an active member of the National Charity League, a not-for-profit organization designed to encourage volunteer opportunities for mothers and their daughters in grades 7-12. Linda is happily married with two daughters, Georgia and Darcy. In her free time, Linda enjoys spending time with family, traveling, baking with her daughters, and reading.
About Jacqueline Giammarusco
With more than five years of experience working in advisory roles, Jacqueline Giammarusco brings a person-focused, detailed-oriented approach to understanding and meeting the needs of the team’s clients. Passionate about creating a superior overall client experience, she handles an extensive range of service requests, organizes and schedules client and team meetings, and educates clients on services and capabilities available to them.
Prior to joining Morgan Stanley, Jaqueline worked in higher education. She served as a career advisor at the Stevens Institute of Technology, helping students fulfill their goals of starting careers in the business, engineering, and computer science industries. Earlier, she worked at Adelphi University, establishing, and fostering relationships with campus partners, students, and alumni to facilitate networking and career building opportunities.
Jacqueline earned her B.S. from The University of Scranton in Counseling and Human Services and her MA in Counseling from The College of New Jersey. She holds Series 7, 66, and SIE securities licenses.
Prior to joining Morgan Stanley, Jaqueline worked in higher education. She served as a career advisor at the Stevens Institute of Technology, helping students fulfill their goals of starting careers in the business, engineering, and computer science industries. Earlier, she worked at Adelphi University, establishing, and fostering relationships with campus partners, students, and alumni to facilitate networking and career building opportunities.
Jacqueline earned her B.S. from The University of Scranton in Counseling and Human Services and her MA in Counseling from The College of New Jersey. She holds Series 7, 66, and SIE securities licenses.
Contact Peter Costello
Contact John C Blair
Contact Steve N Jaenichen
Contact Joseph Nakashian
Contact Kenneth Olsen
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
Rick Krompinger
Planning Associate
About Rick Krompinger
Rick Krompinger is a Planning Associate at Morgan Stanley providing dedicated financial planning support to 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 alternatives and their potential outcomes to help clients confidently choose the appropriate course of action. Rick 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 Syracuse University and received the Financial Planning Specialist® designation from the College for Financial Planning. Rick is originally from Holbrook, New York and currently resides in Holbrook, New York.
He earned his undergraduate degree from Syracuse University and received the Financial Planning Specialist® designation from the College for Financial Planning. Rick is originally from Holbrook, New York and currently resides in Holbrook, New York.
Wealth Management
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Portfolio Insights
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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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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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 Garden City Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative 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.
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 offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
7The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
8Morgan 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
9Morgan 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.
10Products 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.
11Morgan 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*.
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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.
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Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Alternative 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.
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 offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
7The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
8Morgan 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
9Morgan 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.
10Products 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.
11Morgan 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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Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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Awards Disclosures
CRC 6491812 (04/2024)
