First Vice President, Wealth Management, Financial Advisor, CERTIFIED FINANCIAL PLANNER®
Phone:
(312) 827-6712(312) 827-6712
The Heartland Group at Morgan Stanley
Direct:
(312) 827-6712(312) 827-6712
Our Mission Statement
Curating and implementing custom financial planning strategies to help remove the anxiety of financial decisions, to help give each client the confidence that they are on the proper path to meeting their life goals.
Our Story and Services
We understand that many people may feel weighed down or frustrated by many financial decisions they face while trying to enjoy the lives they worked hard for to achieve. Our passion is to help clients by simplifying their financial lives to make smart and emotionally clear-cut financial decision through our holistic financial planning process. It’s our belief that this continual monitoring planning method, helps ensure clients stay on track with their goals, can help clients feel more confident.
Because we work as a team, our practice offers depth and diversity in our combined skill set and experience. We believe you will enjoy the personalized service and one-on-one interaction with your advisor while also benefiting from the wider skill-set of the team as a whole. Our goal is to help you understand and feel comfortable with the guidance and strategies you receive from our team.
Because we work as a team, our practice offers depth and diversity in our combined skill set and experience. We believe you will enjoy the personalized service and one-on-one interaction with your advisor while also benefiting from the wider skill-set of the team as a whole. Our goal is to help you understand and feel comfortable with the guidance and strategies you receive from our team.
Services Include
- Financial PlanningFootnote1
- Retirement PlanningFootnote2
- 401(k) Rollovers
- Professional Portfolio ManagementFootnote3
- Sustainable InvestingFootnote4
- Estate Planning StrategiesFootnote5
- Alternative InvestmentsFootnote6
- Endowments and FoundationsFootnote7
- Fixed IncomeFootnote8
- 529 PlansFootnote9
- Cash Management and Lending ProductsFootnote10
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
At Morgan Stanley, we believe that identifying financial solutions begins with a solid understanding of each client's situation, goals, objectives and risk tolerance. We follow a disciplined process that allows us to work with you to craft a solution that helps meet your individual needs. This process aligns our efforts with your interests, providing a road map focused on what is most important to you.
Step 1: Introductory Meeting
Our relationship begins with an initial discussion aimed towards getting to know you, your lifestyle, and your future goals.
Step 2: Discovery Meeting
During the discovery meeting, we will work together to establish your financial goals by reviewing your current financial situation and developing an appropriate risk tolerance that can help you achieve the financial outcome you envision for yourself.
Step 3: Financial Plan Presentation
Financial plan presentations map out essential factors that play into your financial success such as your employee and employer contributions, liquidity events, and insurance coverage. Examining relevant financial information provides a holistic asset allocation analysis for your accounts helping ensure a comprehensive financial plan.
Step 4: Action Items / Next Steps
After the financial plan presentation, we will follow up with you regarding your analysis and recommendations, which may include adjustments to your financial plan, investment allocation, company benefits and insurance coverage.
Step 5: Execute
We employ a service model that prioritizes your best interests and level of comfort above all else. Execution includes leveraging a wide array of investment options to help ensure your portfolio is working efficiently and effectively to achieve your financial goals.
Step 6: Monitor & Evolve
We regularly surveil your investment plan and portfolio, making sure it is properly balanced and continues to reflect your goals and state of the market. Semi-annually to annually, we will review and discuss how your portfolio might need to evolve to account for and adapt to changes in your investment time horizon and ambitions.
FINANCIAL RESOURCES
At Morgan Stanley, our goal is to make complex financial concepts easier for our clients to comprehend. We strongly believe in equipping our clients with ample resources to keep them well-informed about the latest market trends, outlooks, and insights.
The links provided below offer in-depth analysis on intriguing topics that impact the finance and business realms.
The links provided below offer in-depth analysis on intriguing topics that impact the finance and business realms.
Thoughts on the Market
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen Here
Global Investment Committee on the Markets
A monthly publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape. Check out this month's edition below.
Read: "GIC on the Markets"
Tax-Smart Strategies for Your Retirement
Smart tax planning can help you save more for retirement and keep more of what you’ve already saved. Consider these strategies to help you reduce your taxable income, generate tax-advantaged growth potential in your retirement accounts and keep more of what you’ve worked so hard to save.
Click here to learn more
GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income. Click the link below to read the full report.
Read: "GIC Weekly
AI and Cybersecurity
To help keep your data safe, review your current cybersecurity protection and make sure it follows best practices.
Click here to learn more
Tax 101: Reducing Your Income & Portfolio Tax
Achieving your investment goals isn’t just about maximizing returns. Minimizing the impact of taxation in your portfolio can also play a key role in helping you build wealth over the long run. As you review your income and portfolio, consider the steps in the document below to assist in minimizing taxes on your investments.
Read: "These Steps May Reduce Taxes on Your Income & Portfolio"Online Tools and Features Available To You
Morgan Stanley strives to ensure it serves clients on its technology platforms that are resilient, safe, efficient, and smart. As a part of our services, these resources are readily available to all of our clients. Learn more about each tool and feature to see how it can easily help you manage and secure your financial journey.
Morgan Stanley Online
Beyond viewing your account balance and activity, Morgan Stanley Online (MSO) has a suite of features that allow you to manage your everyday finances from paying bills and sending money to transferring funds and authorizing transactions with eAuthorizations.
Learn More About MSO
Total Wealth View
It’s hard to see the complete picture with only half the details. As a Morgan Stanley client, you can now conveniently view your accounts from other financial institutions on Morgan Stanley Online or by using the Morgan Stanley Mobile App, giving you a more complete financial picture.
Learn More About Total Wealth View
Online Security Center
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.
Learn More About Online Security
eDelivery
eDelivery provides you with the ability to view statements and other Firm documents electronically in lieu of paper. Clients who are registered in Morgan Stanley Online may enroll in eDelivery.
Enroll in eDelivery
Morgan Stanley Mobile App
Securely access your Morgan Stanley account from virtually anywhere. Simply download it on your mobile device and use your Morgan Stanley Online username and password to log in. From there you will have the resources of MSO on the go.
Discover More With Our Mobile App
Digital Vault
Keeping important documents and financial records organized and readily available is one of the best gifts you can give those you love. In the event of catastrophe or serious illness, disability or death, your Family Records Organizer can immediately provide vital, timely information to both your family and professional advisors.
Watch Video on Digital Vault
Cash Plus Account
A modern alternative to banking, providing more value, more protection, and a seamless digital experience
Learn More About Cash Plus Account
Portfolio Risk Platform
Portfolio Risk Platform – Powered by Aladdin is a risk management platform that provides comprehensive risk estimation and reporting across a broad range of asset classes and security types. This platform provides a holistic view to better enable risk to be effectively monitored and managed.
Introducing the New Portfolio Risk PlatformRESOURCES TO HELP OUR CLIENTS PREPARE
Spending and Budgeting Tool
Morgan Stanley's Spending and Budgeting tool can help you understand your spending and find more ways to save.
Read More About Our Tool
Morgan Stanley Total Tax 365
A brochure providing a broad range of ideas to help you save on taxes and keep more of what you earn.
Click Here To ReadLocation
233 S Wacker Dr
Ste 8600
Chicago, IL 60606
US
Direct:
(312) 827-6712(312) 827-6712
Meet The Heartland Group
Phone:
(312) 827-6529(312) 827-6529
Cristina Chiper
Vice President, Group Director
Phone:
(312) 443-6245(312) 443-6245
Derek Cushman
Registered Associate
Phone:
(312) 827-6873(312) 827-6873
James B Johnson
Registered Associate
Phone:
(312) 443-6063(312) 443-6063
Craig Yong
Registered Associate
Phone:
(312) 827-6941(312) 827-6941
About Shawn M Reed
Shawn Reed is a First Vice President and has been managing money for clients for more than 23 years here at Morgan Stanley. He prides himself in helping them plan for, and transition into retirement. Shawn concentrates on financial planning for clients and strives to make sure every private client meets their goals. In 1998, Shawn graduated from Indiana University with a B.S. in Business, double majoring in Finance and International Business. In addition, he received a B.A. in Liberal Arts majoring in Quantitative Economics. Before joining Morgan Stanley, he worked as a corporate accountant at a fortune 500 company while putting himself thru college. He then joined Morgan Stanley in 1999, throughout this career he has seen many bear and bull markets. He furthered his education at DePaul University in 2003, through the Continuing and Professional education program, becoming certified in Financial Planning, and then passing his CFP® board exams immediately after, maintaining the CFP Designation now for over 20 years. More recently in 2019, he obtained his CPM® designation from the prestigious Ivy League Columbia University in New York. Shawn and his family live in Elmhurst IL and have two boys and a girl, ages 6,4 and 2.
Securities Agent: VA, TX, NV, AL, NM, MS, HI, AK, MI, IL, SC, PA, NC, MD, GA, DC, UT, OR, MO, MA, FL, WA, NJ, IN, OH, TN, KS, IA, CA, AZ, NE, MT, MN, LA, CO, AR, WI, NY, KY; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1282457
NMLS#: 1282457
About Richard C. Colbert
Richard Colbert is a highly experienced Senior Vice President and Wealth Advisor with a genuine passion for helping individuals secure their financial future. With over 35 years of dedicated service at Morgan Stanley, Richard has established himself as a trusted advisor in the industry.
From a young age, Richard developed a deep fascination with saving money and investing, inspired by his stepfather who was involved in the financial field. This early exposure ignited his desire to assist others in achieving their financial goals, particularly in planning for retirement and ensuring a comfortable lifestyle during their golden years.
As a Financial Advisor, Richard has been instrumental in guiding clients through the complexities of financial planning, empowering them to make informed decisions about their investments. He believes in the power of long-term savings and smart investment strategies to build wealth and provide financial security.
Outside of his professional endeavors, Richards greatest joy is spending quality time with his loving wife, two children and their beloved cat. He values family connections and cherishes the moments they share, whether it’s traveling together or simply enjoying each other’s company. In his spare time, Richard indulges in his passion for travel, exploring new destinations and experiencing different cultures.
From a young age, Richard developed a deep fascination with saving money and investing, inspired by his stepfather who was involved in the financial field. This early exposure ignited his desire to assist others in achieving their financial goals, particularly in planning for retirement and ensuring a comfortable lifestyle during their golden years.
As a Financial Advisor, Richard has been instrumental in guiding clients through the complexities of financial planning, empowering them to make informed decisions about their investments. He believes in the power of long-term savings and smart investment strategies to build wealth and provide financial security.
Outside of his professional endeavors, Richards greatest joy is spending quality time with his loving wife, two children and their beloved cat. He values family connections and cherishes the moments they share, whether it’s traveling together or simply enjoying each other’s company. In his spare time, Richard indulges in his passion for travel, exploring new destinations and experiencing different cultures.
Securities Agent: NE, AL, VA, OH, NV, NC, MO, AK, OR, NM, MA, KY, IN, FL, CA, WI, GA, AZ, TN, NJ, MT, UT, TX, MS, MN, MD, NY, KS, HI, SC, CT, AR, IA, WA, PA, IL, MI, LA, DC, CO; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 2148338
NMLS#: 2148338
About Cristina Chiper
Cristina Chiper serves as the Group Director on the team and draws on over 9 years of experience with Morgan Stanley. Cristina is passionate about cultivating relationships with new and existing clients by providing them with personalized service and ensuring clients understand and utilize the Morgan Stanley benefits readily available to them. Her attention to detail and deep understanding of our client objectives allows us to help deliver a truly exceptional wealth management experience.
Prior to her current role, she managed the day-to-day aspects of several high net worth teams at Morgan Stanley in Chicago, where she built a strong knowledge base assisting High Net Worth families who have complex needs and unique circumstances. She leveraged her experience to help teams of Financial Advisors manage all aspects of their client relationships. Her focus has been on the implementation of managed money, Alternative investments, marketing coordination and supervised social media outreach.
Cristina joined Morgan Stanley in 2014 and has more than eleven years of client service experience. Earlier in her career, she worked as an Operations and Associate Financial Representative at Northwestern Mutual. After college, Cristina interned at the Chicago Mercantile Exchange, where she worked on the trading floor as a clerk to a senior trader.
Cristina earned her Bachelor of Arts in business and a minor in international relations from Lake Forest College. She is fluent in Romanian and Spanish.
In her free time, you can find Cristina on the Megaformer at Studio Lagree, taking long walks along Lake Michigan, or trying to discover Chicago’s next best restaurant.
Prior to her current role, she managed the day-to-day aspects of several high net worth teams at Morgan Stanley in Chicago, where she built a strong knowledge base assisting High Net Worth families who have complex needs and unique circumstances. She leveraged her experience to help teams of Financial Advisors manage all aspects of their client relationships. Her focus has been on the implementation of managed money, Alternative investments, marketing coordination and supervised social media outreach.
Cristina joined Morgan Stanley in 2014 and has more than eleven years of client service experience. Earlier in her career, she worked as an Operations and Associate Financial Representative at Northwestern Mutual. After college, Cristina interned at the Chicago Mercantile Exchange, where she worked on the trading floor as a clerk to a senior trader.
Cristina earned her Bachelor of Arts in business and a minor in international relations from Lake Forest College. She is fluent in Romanian and Spanish.
In her free time, you can find Cristina on the Megaformer at Studio Lagree, taking long walks along Lake Michigan, or trying to discover Chicago’s next best restaurant.
About Derek Cushman
Derek Cushman is a Registered Client Associate with the Reed/Colbert Group at Morgan Stanley. With a commitment to high quality service, he is responsible for various administrative and operational support, including servicing client requests and supporting the financial advisors on the team.
Prior to joining Morgan Stanley, Derek graduated from Michigan State University in 2022 with a Major in Finance and Minor in Financial Planning and Wealth Management. He was the Vice President of the Wealth Management Association.
Derek was born in Concord, CA and raised in Midland, MI. Outside of work, he enjoys spending his free time by exploring the city, rooting on Chicago sports teams, and reading.
experience.
Prior to joining Morgan Stanley, Derek graduated from Michigan State University in 2022 with a Major in Finance and Minor in Financial Planning and Wealth Management. He was the Vice President of the Wealth Management Association.
Derek was born in Concord, CA and raised in Midland, MI. Outside of work, he enjoys spending his free time by exploring the city, rooting on Chicago sports teams, and reading.
experience.
About James B Johnson
James Johnson has served as a Registered Associate at Morgan Stanley since January of 2024. He prides himself on developing personal relationships with clients to understand their aspirations and tailor his service to meet their goals. He enjoys thinking about clients’ finances in the broader context of their lives, helping them to feel secure in their long-term plan.
James recently moved to Chicago from Seattle, where he graduated from the Foster School of Business at the University of Washington with a BA in Business Administration. In his free time, he enjoys skiing, travel, and finding ways to practice French.
James recently moved to Chicago from Seattle, where he graduated from the Foster School of Business at the University of Washington with a BA in Business Administration. In his free time, he enjoys skiing, travel, and finding ways to practice French.
About Craig Yong
Craig Yong joined Morgan Stanley in 2024 as a Registered Associate, leaving his previous role as a chef in a Michelin starred restaurant. Craig leverages his previous experience in client facing roles as a tech consultant and as an entrepreneur, where he managed relationships with clients, business partners, and customers.
Craig moved to Chicago from Singapore to attend the University of Illinois at Chicago, where he graduated with a BA in Economics. In his free time, Craig enjoys cooking, aquarium keeping, and Brazilian jiu jitsu.
Craig moved to Chicago from Singapore to attend the University of Illinois at Chicago, where he graduated with a BA in Economics. In his free time, Craig enjoys cooking, aquarium keeping, and Brazilian jiu jitsu.
Contact Shawn M Reed
Contact Richard Colbert
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
Mehul Dhadankar
Private Banker
Brian Greene
Private Banker
Andrew Starkey, CFP®
Financial Planning Director, Assistant Vice President
About Mehul Dhadankar
Mehul Dhadankar is a Private Banker serving Morgan Stanley Wealth Management offices in Illinois.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Mehul began his career in financial services in 1998 and joined Morgan Stanley in 2017. Prior to joining the firm, he served as a Business Development Manager for Bank of America Merrill Lynch in the Merrill Lynch Edge product team. Mehul also served as a Resident Manager, Senior Banker, and Premier Client Manager at Bank of America.
Mehul is a graduate of the DePaul University, where he received a Bachelor of Science in Finance. He lives in Chicago, Illinois with his family. Outside of the office, Mehul enjoys playing golf, traveling, and spending time family and friends.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Mehul began his career in financial services in 1998 and joined Morgan Stanley in 2017. Prior to joining the firm, he served as a Business Development Manager for Bank of America Merrill Lynch in the Merrill Lynch Edge product team. Mehul also served as a Resident Manager, Senior Banker, and Premier Client Manager at Bank of America.
Mehul is a graduate of the DePaul University, where he received a Bachelor of Science in Finance. He lives in Chicago, Illinois with his family. Outside of the office, Mehul enjoys playing golf, traveling, and spending time family and friends.
NMLS#: 652577
About Brian Greene
Brian Greene is a Private Banker serving Morgan Stanley Wealth Management offices in Illinois.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs,
leveraging our comprehensive suite of cash management and lending solutions.
Brian began his career in financial services in 2012 with Morgan Stanley as a Wealth Management Operations Intern. Brian held roles in Operations and Data and Analytics, before becoming an Associate Private Banker in 2018. Brian covered Manhattan and New Jersey branches before moving to Chicago in 2022.
Brian is a graduate of Ursinus College, where he received a Bachelor of Arts in Economics. He lives in Chicago, IL with his wife. Outside of the office, Brian enjoys spending time with family and friends, traveling and skiing.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs,
leveraging our comprehensive suite of cash management and lending solutions.
Brian began his career in financial services in 2012 with Morgan Stanley as a Wealth Management Operations Intern. Brian held roles in Operations and Data and Analytics, before becoming an Associate Private Banker in 2018. Brian covered Manhattan and New Jersey branches before moving to Chicago in 2022.
Brian is a graduate of Ursinus College, where he received a Bachelor of Arts in Economics. He lives in Chicago, IL with his wife. Outside of the office, Brian enjoys spending time with family and friends, traveling and skiing.
NMLS#: 1740987
About Andrew Starkey
Andrew Starkey is an Assistant Vice President and Financial Planning Director serving Morgan Stanley’s Wealth Management office in Chicago, Illinois. He is responsible for helping Financial Advisors with their clients’ and prospects’ financial planning needs.
Andrew began his career in financial services in 2017 and joined Morgan Stanley in 2021. Prior to his current position, he worked as a Wealth Management Associate at Morgan Stanley and a paraplanner in Minneapolis, Minnesota.
Andrew graduated from the University of St. Thomas and holds his CERTIFIED FINANCIAL PLANNER™ designation. Andrew moved to Chicago, Illinois in 2021 from Minneapolis, Minnesota, where he was born and raised. Outside of work, Andrew enjoys exploring Chicago with his wife and dog, traveling back to Minnesota and Colombia to visit with family, and playing basketball with his friends on the weekend.
Andrew began his career in financial services in 2017 and joined Morgan Stanley in 2021. Prior to his current position, he worked as a Wealth Management Associate at Morgan Stanley and a paraplanner in Minneapolis, Minnesota.
Andrew graduated from the University of St. Thomas and holds his CERTIFIED FINANCIAL PLANNER™ designation. Andrew moved to Chicago, Illinois in 2021 from Minneapolis, Minnesota, where he was born and raised. Outside of work, Andrew enjoys exploring Chicago with his wife and dog, traveling back to Minnesota and Colombia to visit with family, and playing basketball with his friends on the weekend.
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Wealth Management
From Our Team
The Heartland Group October 2024 Newsletter
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
Article Image
Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
Article Image
Ready to start a conversation? Contact The Heartland Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley’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.
4The 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.
5Morgan 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.
6Alternative 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.
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, charitable giving, philanthropic planning and other legal matters.
8Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
9Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
10Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley’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.
4The 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.
5Morgan 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.
6Alternative 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.
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, charitable giving, philanthropic planning and other legal matters.
8Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
9Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
10Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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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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The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024), 3582895 (6/2024)
