Our Story

"The investor's chief problem- and his worst enemy- is likely to be himself.
In the end, how your investments behave is much less important than how you behave." Benjamin Graham


With over fifty years of combined experience in this business, The Groce & Oakley Wealth Management Group has advised executives, professionals, and business owners on how to manage, preserve, and transfer wealth to successive generations. Over that period of time, the one constant we have seen is change. Change brought about not only in the dynamics and risk associated with the markets and economy, but also in the decisions and challenges that our clients face. A necessary and critical part of our approach is to grow and continue to develop our skills as advisors in order to address our clients' changing needs.

In order to deliver the most cutting-edge knowledge to our clients, Larry and Lawrence have embarked on a career-long education process, collecting industry-leading designations along the way. They most recently welcomed Hunter into the team, adding new perspective and energy to the Groce & Oakley momentum. Together we have made it a top priority to stay at the leading edge of the financial industry with exceptional experience and educational backgrounds. Our designations include:

Certified Financial Planner ®
Certified Investment Management Analyst®
Alternative Investments Director
Senior Portfolio Manager
Certified Private Wealth Advisor®
Family Wealth Director

Because we work as a team, you benefit from our collective knowledge as well as each individual's perspective and distinctive skills. We approach our clients holistically and offer access to firm experts in such specialized disciplines as wealth transfer, risk mitigation, and philanthropic services.

In other words, The Groce & Oakley Wealth Management Group is an experienced and dedicated team that delivers world class resources and experience to our valued clients.
Services Include
  • Professional Portfolio Management1
  • Retirement Planning2
  • Structured Products3
  • Trust Accounts4
  • Wealth Management5
  • 401(k) Rollovers
  • 529 Plans6
  • Alternative Investments7
  • Asset Management8
  • Business Planning9
  • Business Succession Planning10
  • Corporate Cash Management
  • Corporate Retirement Plans11
  • Defined Contribution Plans12
  • Endowments and Foundations13
  • Estate Planning Strategies14
  • Financial Planning15
  • Lending Products
  • Life Insurance16
  • Philanthropic Services
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Our Expertise

To keep ahead of the steepening curve that characterizes our industry, we have embarked on a career-long education process, earning a number of prestigious designations that allow us to deliver the most-cutting edge knowledge to our clients, and better serve you.

Larry and Lawrence are both Certified Financial Planners®, well equipped to help you create a comprehensive plan with tangible recommendations for achieving even your most complex objectives.

Lawrence is a Certified Investment Management Analyst®, the only credential designed specifically for advisors who want to attain a higher level of competency as an advanced investment consultant. He is also a Certified Private Wealth Advisor®, which puts him and his team at the forefront of advanced wealth management trends and specific strategies designed to minimize taxes, manage concentrated stock positions, monetize and protect assets, maximize growth, and transfer wealth according to your goals and objectives.

Before entering the financial services industry, Larry was a practicing CPA. Since that time, he has met the rigorous criteria required to become a Morgan Stanley designated Senior Portfolio Manager, providing discretionary management services for our clients through a variety of proprietary portfolio strategies.

Lawrence is a designated Alternative Investments Director, accepted into a comprehensive program developed for experienced advisors who have significantly incorporated alternative investments into their practice. Incorporating these assets into a traditional portfolio may help you to reduce overall volatility while increasing portfolio diversification.

And finally, as Family Wealth Director, Lawrence and our team are able to connect you to a comprehensive suite of family office services – a unique combination of resources, experience, and access to dedicated professionals. For more information on this status, please visit our Family Wealth Director tab.




Alternative 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 suitable only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.

    Family Wealth Management

    Family Wealth Director is a rare distinction, a status achieved by fewer than 3% of Morgan Stanley Financial Advisors. The training Lawrence has received to obtain this designation allows our team to have direct access to an extensive range of global resources designed to help affluent families govern the complex, multigenerational challenges associated with managing significant wealth. Having a designated Family Wealth Director as part of our group enables us to better assist you in a broad spectrum of wealth management areas, including:

    Business Succession Planning
    Alternative Investments
    Wealth Transfer
    Family Governance and Dynamics
    Philanthropic Services
    Control and Restricted Securities
    Income and Estate Tax Planning
    Probate

    We approach our clients holistically and offer access to the diverse resources needed to provide you with highly customized, quality solutions. In working with a Family Wealth Director, you gain access to accomplished professionals who can provide the intellectual capital, vast resources, and advisory services that include, and extend well beyond, investment management. These professionals work closely with us, as we collaborate with your attorney, accountant, and other advisors to create your customized plan. Our goal is to understand your vision, preferences and unique circumstances so that we can work with you to help develop an overall wealth management strategy that meets your needs and helps you and your family reach your goals.

    Working With You

    Discovery

    Before we make specific recommendations, we take the time to understand who you are as a person, as well as an investor, and what you really hope to achieve for yourself and your family. That means an in-depth discussion of your current finances, future objectives, attitude toward risk and other circumstances that might assist us in developing a customized plan.


    Formulation

    We analyze your input and develop a formal financial plan that contains specific recommendations designed to meet the objectives you established. Recommendations may encompass such varied disciplines as retirement planning, liability management, executive compensation issues, business succession and wealth transfer. Importantly, your plan contains a customized asset allocation based on your total finances, including accounts held at other firms.


    Implementation

    After presenting your plan to you, we work closely with you to bring it to life. That often involves consultation with your attorney, accountant and other advisors. And it will also involve the development of an investment strategy to execute the asset allocation created for you in the Formulation phase of our process.


    Evaluation

    As you would expect, we believe that ongoing communication is a vital component of our business. We strive to keep abreast of your changing financial needs and provide viable solutions to meet them. This means constant monitoring of your plan and portfolio to make certain your assets are positioned to meet your changing circumstances, as well as fluctuating market conditions.

      Our Differentiator

      What Sets Us Apart:

      We realize that you have a number of choices available to you when selecting a Financial Advisor. And we are acutely aware that by choosing us, you are entrusting us with not only your assets, but your family’s future. 

      That is why we’ve structured our practice to provide you with the service you deserve. In addition to Larry, Lawrence, and Hunter, The Groce & Oakley Wealth Management Group includes three experienced Client Service Associates who are committed to simplifying your financial life. When you call our office, you’ll reach a person who understands your particular objectives and situation. When you leave a message, your call will be returned promptly. When you’re seeking any kind of financial advice from “what should I do if interest rates rise?” to “when should I begin taking Social Security payments?”, you can count on The Groce & Oakley Wealth Management Group to help you make more informed decisions.

        Location

        7515 Halcyon Summit Dr
        Ste 300
        Montgomery, AL 36117
        US
        Direct:
        (334) 270-2620(334) 270-2620
        Toll-Free:
        (800) 819-2839(800) 819-2839

        Meet The Groce & Oakley Wealth Management Group

        About Me

        Larry began his career as a CPA but after practicing for over a decade, he realized that he wanted to help people shape their futures, not just review their pasts. As a Financial Advisor at EF Hutton and a producing Branch Manager at JC Bradford and its successor firms, PaineWebber and UBS, Larry fulfilled his ambition. When he joined Morgan Stanley in 2008, he was an accomplished investment manager who had already created several of the proprietary models that The Groce & Oakley Wealth Management Group uses with clients today.

        Larry joined forces with Lawrence Oakley in 2014 after realizing that his skills complemented those of his new partner. Together, they could provide clients with discretionary investment management and comprehensive wealth management that encompassed such non-investment disciplines as wealth transfer, liability management and business succession planning. Larry manages nine distinct portfolios for clients with approaches that range from moderate to aggressive. By managing his clients’ portfolios, Larry gains a greater understanding of who they are and what’s really important to them. He also believes that his hands-on approach better enables him to control investment risk.

        A graduate of Troy University with a BS in Accounting, Larry has continued his education to meet the increasingly complex demands of affluent clients and their families. Like his partner Lawrence, he has earned the prestigious Certified Financial Planner designation.

        Larry is a native Alabamian who has lived in the Montgomery area for most of his adult life. He is the former Chairman of the Montgomery Chamber of Commerce, having served on the Chamber’s Executive Board for the six years prior to assuming that post.

        Larry resides in Montgomery with his wife Sue. They have one grown son and two grandchildren.
        Securities Agent: TX, AL, WV, TN, SC, NC, MS, IL, GA, FL; Managed Futures; Transactional Futures/Commodities; General Securities Representative; BM/Supervisor; Investment Advisor Representative
        NMLS#: 1274562

        About Me

        Upon entering the financial services industry in 1990, Lawrence heard an estate planning attorney state that “family wealth is seldom passed beyond the third generation.” He has dedicated his career to rectifying this situation.

        Lawrence is a Morgan Stanley Family Wealth Director, one of less than 3% of Financial Advisors at the firm to achieve that distinction. His designation is the result of rigorous study that focuses on understanding the dynamics of wealthy families, as well as their balance sheets. He takes pride in helping clients sustain not only their wealth from generation to generation, but their values and priorities.

        A graduate of The University of Alabama with a BS in Commerce and Business Administration, Lawrence began his career at Merrill Lynch before joining Morgan Stanley a decade later. He established the Groce & Oakley Wealth Management Group with Larry Groce when he realized that they had similar work ethics and the complementary skills required to help wealthy clients and their families meet their most pressing challenges. In addition to his Family Wealth Director credential, Lawrence is a Certified Financial Planner, Certified Investment Management Analyst and Charter Private Wealth Advisor – evidence of his commitment to education that he believes is mandatory in today’s complex financial environment.

        Outside the office, Lawrence serves as a member of the Montgomery Area Food Bank and Executive Board of the Boy Scouts of America, Tukabatchee Area Council. He is also a founding member of the Pike Road Lions Club and has been a member of the Montgomery Estate Planning Council for the past five years.

        An avid hunter and outdoorsman, Lawrence lives in Pike Road with his wife and four children.
        Securities Agent: AL, WV, TX, TN, SC, NC, MS, LA, IL, GA, FL, DE, CO, AR; General Securities Representative; Investment Advisor Representative
        NMLS#: 1493193

        About Me

        Hunter is the newest face to join the Groce & Oakley Wealth Management Team.  Prior to starting at Morgan Stanley, Hunter dedicated over a decade of his career to Alfa Mutual Insurance, where he worked as Information Security Specialist.  Through this role, Hunter was able to develop a high level of responsibility, working to help various business units achieve their stated goals and objectives.  Most notably, this role was highly communicative, requiring Hunter to translate technical information into a more logical, comprehensible message.  When the opportunity to work at Morgan Stanley presented itself, Hunter accepted the challenge, fully embracing the chance to enhance the communication skills gained from his previous career.  Hunter adds a new perspective and energy to the team, and is eager to bring his own professional skill set to the dynamics of the Groce & Oakley Wealth Management Team. 

        To support his local community, Hunter is active with the Kiwanis Club of Montgomery.  A graduate of the University of Alabama, Hunter spends most of his out-of-office time with his wife and their two children, Davis and Miller, preferably tailgating together at Alabama football games.
        Securities Agent: AL, WV, TX, TN, SC, NC, IL, GA, FL, CO; General Securities Representative; Investment Advisor Representative
        NMLS#: 1581671

        About Me

        Sherry Campbell
        Senior Registered Client Service Associate

        Sherry is a registered Client Service Associate, with Series 7 and 63 licenses and Insurance licensed.  She is a financial services veteran with more than 20 years experience in multiple roles including operations, office manager’s assistant, Morgan Stanley on-line liaison and client service associate.  This diverse experience uniquely qualifies her to be the team’s chief problem solver.  When issues arise that require special attention, her experience and expertise are critical in finding a sensible and expeditious solution.

        Sherry has been working with Lawrence Oakley since 2004 and is an integral part of the team’s client experience.  Because she has invested the time and energy to become registered, she works closely with Larry and Lawrence to implement investment strategies for clients.  She communicates regularly with clients conducting statement reviews, relaying information, and delivering the exceptional service that The Groce and Oakley Wealth Management Group’s clients have come to enjoy.  Sherry resides in Deatsville, AL with her husband Mitch and spends much of her spare time with her five children and twelve grandchildren, all of whom live in Alabama.

        About Me

        Muriel Redhead
        Senior Client Service Associate

        Muriel performs a wide variety of operational functions on our team including helping us stay on track.  Her attention to detail and ability to systematize repetitive tasks serves her well as our team manager.  She facilitates good communication among team members with weekly meetings and monitors our progress toward achieving our goals.  Additionally, Muriel works closely with Larry gathering and organizing information necessary for him to manage our proprietary portfolios.   In her client responsibilities, she helps our clients toward their important financial objectives by administering client fund flows as well as keeping client information current.

        A registered nurse who also taught nursing at Auburn University at Montgomery, Muriel joined Morgan Stanley in 2008 after working with Larry Groce at UBS for two years. She received her BS in Nursing from South Dakota University and earned two Masters Degrees, an MS in Nursing from University of Texas Health Science Center and an MED in Guidance Counseling from South Dakota State University.

        Muriel is an active member of the Vaughn Forest Baptist Church. She and her husband Paul reside in Montgomery and have one grown daughter.

        About Me

        Julie Johnston
        Registered Client Service Associate

        Julie may be the first person you talk to when calling The Groce & Oakley Wealth Management Group.  She joined Morgan Stanley in 2012 after serving as a licensed social worker for more than 10 years.

        Julie is an invaluable partner in our reporting, evaluating and presentation efforts.  She works closely with Larry and Lawrence to create presentations that help clients understand how their portfolio is currently positioned, identify areas that need attention, and provide solutions that help them achieve their goals.  She also coordinates our client events that are designed to help us get to know you better and provide you with the opportunity to meet other clients.

        Julie is a graduate of Auburn University with a BA in Psychology.  She also has her Series 66 & 7 license with the industry and is a native Alabamian who currently resides in Montgomery.

        Investment and Market Perspectives

        On the Markets

        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
        The Simple Six-Step Retirement Checkup

        The Simple Six-Step Retirement Checkup

        Given market volatility in 2018, checking in on your retirement plan may be one of the wisest New Year’s resolutions you can make.

        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
        Five Smart Strategies to Use a Bonus or Raise

        Five Smart Strategies to Use a Bonus or Raise

        Have extra money coming in? Here are ways to put your money to work for you now, so you can reap the rewards down the road.

        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
        Financial Transition: A Guide for Women

        Financial Transition: A Guide for Women

        Here's how to take control of your finances if a death or divorce leaves you holding the reins.

        Business Planning

        Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
        • Succession Planning
        • Business Planning
        • Retirement Plan Sponsors
        • Qualified Retirement Plans
        • Corporate Pension Funds
        6 Keys to Building a Startup

        6 Keys to Building a Startup

        Entrepreneurs share ideas and learnings from the experience of starting a company.

        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
        A New Roadmap for Mission Alignment

        A New Roadmap for Mission Alignment

        Non-profits, foundations and endowments need to ensure that their sources of capital are in sync with their stated goals.

        Mosaic

        Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
        Make Your Words Memorable

        Make Your Words Memorable

        Master public speaking with savvy tips from the pros.

        More from Morgan Stanley

        Consolidate Your Cash at a Competitive Rate

        Consolidate Your Cash at a Competitive Rate

        2.30% APY with Preferred Savings for New Money deposited through your eligible Morgan Stanley brokerage account. Contact me to learn more or click here. Terms apply.
        Learn more about Consolidate Your Cash at a Competitive Rate
        Morgan Stanley and Justin Rose: A Winning Team

        Morgan Stanley and Justin Rose: A Winning Team

        Morgan Stanley and our brand ambassador, PGA TOUR champion Justin Rose, share a set of core values and a common cause: giving books to children in need.
        Learn more about Morgan Stanley and Justin Rose: A Winning Team
        Your Financial World. On the Go.

        Your Financial World. On the Go.

        With the Morgan Stanley Mobile App, you’ll have the freedom to manage your investments and instantly access a suite of personal cash management tools.
        Learn more about Your Financial World. On the Go.
        Reserved | Living & Giving

        Reserved | Living & Giving

        Our complimentary program for eligible clients provides you and your family with access to exclusive offers and discounts from premium travel, automotive, health and wellness, and retail brands as well as curated insights from Morgan Stanley.
        Learn more about Reserved | Living & Giving
        Sign Up for eDelivery

        Sign Up for eDelivery

        With eDelivery, you’ll have easy access to statements, trade confirmations, general correspondence and much more.
        Learn more about Sign Up for eDelivery
        Access Morgan Stanley Online

        Access Morgan Stanley Online

        Morgan Stanley Online provides a comprehensive view of your assets and liabilities, projected income, breaking news, research and much more.
        Learn more about Access Morgan Stanley Online
        Ready to start a conversation? Contact The Groce & Oakley Wealth Management Group today.
        Market Information Delayed 20 Minutes
        Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.

        1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be suitable 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.

        2Morgan 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.

        3Structured Investments are complex and not suitable for all investors, and there is no assurance that a strategy of using structured product for wealth preservation, yield enhancement, and/or interest rate risk hedging will meet its objectives.

        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.

        5Morgan 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.

        6Investors 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.

        7Alternative 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 suitable only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.

        8Morgan 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.

        9Morgan 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.

        10Morgan 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.

        11Tax laws are complex and subject to change. 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 and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

        12Tax laws are complex and subject to change. 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 and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

        13Morgan 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.

        14Morgan 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.

        15Morgan 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.

        16Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

        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 suitable 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”) 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.


        CRC 2019752 10/2018