Jay Keranen, CFP®
Managing Director, Wealth Management, Wealth Advisor, Family Wealth Director
Phone:
(248) 258-2657(248) 258-2657
The Hunter Boulevard Group at Morgan Stanley
Direct:
(248) 258-2657(248) 258-2657
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals.
Wealth Management For Affluent Families, Business Owners, and Executives
Who We Are
The Hunter Boulevard Group at Morgan Stanley is a Birmingham, Michigan-based wealth management team serving accomplished families, business owners, executives and emerging-wealth clients. We develop coordinated financial and investment strategies around each client's goals, including financial planning, retirement planning, business succession planning, estate planning strategies, alternative investments, cash management and lending services, charitable giving, and education funding.
Our team works with a select number of clients, allowing us to provide proactive communication, financial education and personalized guidance as their needs evolve.
We created our service model around a simple belief: complex financial decisions are easier to navigate when clients have an accessible team that understands their family, business, goals and values. Our advisors and client-service professionals work collaboratively to coordinate planning, investment strategy and ongoing communication.
Who We Serve
Affluent and multigenerational families
Families seeking to coordinate investments, retirement, estate planning strategies, charitable goals, education funding and the transfer of wealth and values across generations.
Business owners
Owners balancing personal wealth with business responsibilities, including succession planning, retirement, liquidity, risk management and future ownership transitions.
Corporate executives
Executives managing complex financial decisions while planning for retirement, family priorities and long-term wealth-management goals.
Emerging-wealth clients
Individuals and families whose increasing financial responsibilities call for a more coordinated approach to planning, investing and risk management.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Process
While all client situations are unique, the Wealth Planning Process consists of the following basic steps:
1. Introduction
Getting to know you:
Our relationship begins with an initial meeting aimed towards getting to know you, your lifestyle, and your future goals
Our relationship begins with an initial meeting aimed towards getting to know you, your lifestyle, and your future goals
2. Discovery
Identifying your values and goals:
- Family
- Risk Tolerance
- Financial Milestones
- Family
- Risk Tolerance
- Financial Milestones
3. Financial Plan
Creating a plan or you:
- Financial plan presentations map out essential factors that play into your financial success
- We cover items such as: stock based compensation, liquidity events, and insurance coverage
- Examining relevant financial information provides a holistic asset allocation analysis for your accounts helping ensure a comprehensive financial plan
- Financial plan presentations map out essential factors that play into your financial success
- We cover items such as: stock based compensation, liquidity events, and insurance coverage
- Examining relevant financial information provides a holistic asset allocation analysis for your accounts helping ensure a comprehensive financial plan
4. Analysis & Recommendations
Helping you build an action plan:
- Identifying liabilities and risks
- Full balance sheet analysis
- Action plan-growth, preservation and/or wealth transfer
- Identifying liabilities and risks
- Full balance sheet analysis
- Action plan-growth, preservation and/or wealth transfer
5. Monitoring
Ongoing evaluation and reporting:
- Track progress toward goals
- Set/ follow guidelines for liquidity, asset allocation
- Notification when portfolio strays outside guidelines
- Performance reporting
- Online access
- Track progress toward goals
- Set/ follow guidelines for liquidity, asset allocation
- Notification when portfolio strays outside guidelines
- Performance reporting
- Online access
6. Performance Tracking
Ongoing performance tracking:
- Consistently monitoring your investment to help ensure performance is meeting our financial expectations
- Maintain high standard of service with you to address all concerns and requests
- Consistently monitoring your investment to help ensure performance is meeting our financial expectations
- Maintain high standard of service with you to address all concerns and requests
OUR RELATIONSHIP WITH YOU BEGINS WITH A CONVERSATION
We’ll talk about your business, your family, and your goals. We’ll explore topics such as liquidity needs, lifetime income needs, your philanthropy, and the legacy you wish to leave. Only after we have a deep understanding of what is important and meaningful in your life do we begin to talk about wealth management. The better we know you as a person, the greater the opportunity to help you achieve your long-term goals.
Equally important is for you to learn about us. Having shared values is the foundation for a successful relationship. Mutual respect, integrity, and transparency are the principles on which we build lifelong relationships. You will always know where you stand in relation to your objectives. Our work with you is collaborative. We especially enjoy the coaching and teaching that we feel goes hand-in-hand in managing your wealth, taking time to help ensure you are comfortable with the strategy and investment decisions. Helping you succeed is our primary focus.
Equally important is for you to learn about us. Having shared values is the foundation for a successful relationship. Mutual respect, integrity, and transparency are the principles on which we build lifelong relationships. You will always know where you stand in relation to your objectives. Our work with you is collaborative. We especially enjoy the coaching and teaching that we feel goes hand-in-hand in managing your wealth, taking time to help ensure you are comfortable with the strategy and investment decisions. Helping you succeed is our primary focus.
Family Office Services
Our team offers access to an extensive suite of services needed to help highly affluent families manage the complex multigenerational challenges of managing significant wealth. We integrate investment management with all other aspects of wealth planning while providing concierge services and personalized care for your family. We coordinate with your external advisors (attorneys, accountants, trust officers, insurance providers, property managers, household staff, etc.) to provide active and strategic planning as well as management of daily actionable administrative needs.
Discover How We Can Help
Estate Planning Strategies
Building, protecting, and passing on a legacy involves much more than investing wisely. It requires a careful analysis and an integrated, strategic approach to planning and implementation. Our goal is to help you protect and grow the wealth you have created, and to help you and your family maintain unity as you pass both assets and values across generations.
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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
Estate Planning StrategiesMorgan 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 matters involving trusts, estate planning, charitable giving, philanthropic planning or other legal matters.
Retirement Planning
We understand that each client's journey is unique, and we are here to support you every step of the way. Our team focuses in crafting tailored income strategies that help ensure you have a reliable income stream throughout your retirement years. We also provide in-depth analysis of corporate retirement plans to help you maximize your benefits. For those with pensions, we offer comprehensive pension analysis to clarify your options and assist you in making informed decisions. Additionally, if you're considering a 401(k) rollover, we offer guidance to help ensure your retirement savings are managed efficiently and aligned with your long-term financial goals.
Retirement Goal Planning
Tax and Risk Management
Our approach to tax-efficient investing is designed to help optimize your portfolio's performance while attempting to manage tax liabilities. We offer services in concentrated stock analysis and strategies, providing you with insights and potential solutions to help manage significant stock positions effectively. For executives and insiders, we assist in the implementation of 10b5-1 plans, helping to ensure compliance while allowing for strategic stock transactions. Additionally, our diversification strategies are tailored to help manage risk and enhance the stability of your investment portfolio.
Tax-Efficient Strategies
Donor Advised Funds
Charitable giving is among the highest of human aspirations, woven into the fabric or organizations, countries, and societies around the world. While many individuals and families have a deep commitment to philanthropy, charitable giving is not limited to those with significant wealth. A well-structured charitable plan can provide benefits to the causes you care about for generations to come. Donor advised funds are among the easiest and most tax-advantaged ways to give to charity for donors across the spectrum of wealth.
The Morgan Stanley Global Impact Funding Trust, Inc. (MS GIFT) is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. MS Global Impact Funding Trust (MS GIFT) is a donor advised fund. Morgan Stanley Smith Barney LLC provides investment management and administrative services to MS GIFT. Back office administration provided by RenPSG, an unaffiliated charitable gift administrator.
Learn More About DAFsThe Morgan Stanley Global Impact Funding Trust, Inc. (MS GIFT) is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. MS Global Impact Funding Trust (MS GIFT) is a donor advised fund. Morgan Stanley Smith Barney LLC provides investment management and administrative services to MS GIFT. Back office administration provided by RenPSG, an unaffiliated charitable gift administrator.
Cash Management & Lending
We recognize that clients and their families have unique needs that require dedicated experience and capabilities. Our goal is to help simplify your financial life with a combination of cash management and lending solutions designed to complement your investment strategy and support your financial goals.
Morgan 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
Morgan 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
Timely Insights To Keep You Informed
Below, you will find a list of relevant resources designed to keep you informed through market corrections and current events.
Investing Through Drawdowns
Market corrections, though common, can be unsettling - especially when your hard-won savings are earmarked for important life goals. Staying the course with a portfolio well-aligned with those goals is usually a better strategy for navigating volatility than attempting to time the market.
View Slide Deck
Financial Planning for PE Executives
Our guide for employees at companies that have received private equity investments and are receiving equity units as part of their pay package.
View Document Here
Geopolitical Events: Cutting Through the Narrative
Hear from Morgan Stanley thought leaders on recent geopolitical events and how these events generally do not lead to sustained sell-offs.
Read Here
Hard Lessons Video Series
Iconic investors sit down with Morgan Stanley leaders to go behind the scenes on the critical moments – both successes and setbacks – that shaped who they are today. Watch, listen, and subscribe below.
Tune In Here
2026 Equity Market Outlook
Senior Portfolio Manager Andrew Slimmon recently released his 2026 Equity Market Outlook that focuses on the major themes and contributors he foresees as we move forward in the new year. If you're interested in reading his full release, follow the link below.
View Report Here
Back to School Market Update
Our team recently released a Back to School Market Update that provides an in-depth analysis of current market and economic trends, important factors to look out for in the future, as well as additional resources to help you navigate the remainder of 2025. To view the full report, follow the link below.
Read Full Report Here
2025 Tax Tables
View Tax Tables Here2026 Tax Tables
View Tax Tables HereLocation
34901 Woodward Ave
Ste 300
Birmingham, MI 48009
US
Direct:
(248) 258-2657(248) 258-2657
Meet The Hunter Boulevard Group
Joseph Michalak
Senior Vice President, Wealth Management, Financial Advisor
Phone:
(248) 593-7557(248) 593-7557
George Hamaty
Financial Advisor
Phone:
(248) 258-1780(248) 258-1780
Laura Smith
Senior Registered Client Relationship Analyst
Phone:
(248) 988-2384(248) 988-2384
About Jay Keranen
With a passion for empowering individuals to achieve financial success, Jay has dedicated over three decades to enhancing financial literacy and guiding clients through the complexities of investment strategies. A graduate of Michigan State University with a bachelor's degree in finance, Jay entered the financial services industry in 1992, driven by a fascination with the financial markets and a desire to help others navigate their financial journeys.
Since joining Morgan Stanley in 1997, Jay has honed a deep understanding of the client decision-making processes. This insight allows him to educate clients effectively about their investment goals and tailor strategies that can help align with their unique aspirations.
Holding certifications as a Certified Financial Planner™ (CFP®) and Family Wealth Director, Jay combines technical insight with a client-centered approach, seeking to ensure that every individual receives the personalized guidance they need to help thrive in today’s financial landscape.
Jay enjoys spending time with family, his wife Trish and their two children, Charles and Ava. He is an avid golfer, skier, and sports car driver, and a member of the Oakland Hills Country Club.
Since joining Morgan Stanley in 1997, Jay has honed a deep understanding of the client decision-making processes. This insight allows him to educate clients effectively about their investment goals and tailor strategies that can help align with their unique aspirations.
Holding certifications as a Certified Financial Planner™ (CFP®) and Family Wealth Director, Jay combines technical insight with a client-centered approach, seeking to ensure that every individual receives the personalized guidance they need to help thrive in today’s financial landscape.
Jay enjoys spending time with family, his wife Trish and their two children, Charles and Ava. He is an avid golfer, skier, and sports car driver, and a member of the Oakland Hills Country Club.
Securities Agent: KS, IL, AR, WI, NV, KY, DC, WA, PR, LA, NJ, MO, MI, GA, CA, AZ, SC, PA, OR, OH, NE, CT, CO, AL, NY, MA, IN, VA, UT, TX, MN, DE, OK, NC, MD, FL; BM/Supervisor; General Securities Principal; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1285125
NMLS#: 1285125
About Joseph Michalak
As a dedicated financial advisor with over 3 decades of experience, Joe is honored to bring tailored strategies to high-net-worth families. Joe's journey began in management, where he spent many years solving complex issues for top clients and advisors. This invaluable experience laid the foundation for his transition to a full-time advisory role nearly 15 years ago, where he continues to leverage his skills to serve his clients with dedication and insight.
The Hunter Boulevard Group is intentionally limited in scope, allowing the team to focus on a select number of high-net-worth families. This personalized approach enables them to deeply understand each client's unique financial situation, recommend strategies, and deliver exceptional service. With over 60 years of combined experience, The Hunter Boulevard group is committed to delivering on the timeless Morgan Stanley motto of "First Class Business in a First Class Way."
Having entered the financial industry in 1991 and joined Morgan Stanley as a manager in 2000, Joe has built a career dedicated to excellence. Outside of his professional life, Joe is passionate about competitive golf and supporting educational opportunities for underprivileged youth through organizations like Folds of Honor and the Birmingham Employee Scholarship Trust. He is also a proud member of the Birmingham Country Club.
Joe and his wife Kristine have one child, Jordan. In his free time he enjoys golf, travel and spending time with family and friends.
The Hunter Boulevard Group is intentionally limited in scope, allowing the team to focus on a select number of high-net-worth families. This personalized approach enables them to deeply understand each client's unique financial situation, recommend strategies, and deliver exceptional service. With over 60 years of combined experience, The Hunter Boulevard group is committed to delivering on the timeless Morgan Stanley motto of "First Class Business in a First Class Way."
Having entered the financial industry in 1991 and joined Morgan Stanley as a manager in 2000, Joe has built a career dedicated to excellence. Outside of his professional life, Joe is passionate about competitive golf and supporting educational opportunities for underprivileged youth through organizations like Folds of Honor and the Birmingham Employee Scholarship Trust. He is also a proud member of the Birmingham Country Club.
Joe and his wife Kristine have one child, Jordan. In his free time he enjoys golf, travel and spending time with family and friends.
Securities Agent: NV, PA, IN, GA, CA, SC, NM, AZ, AL, WI, OR, OH, NJ, MI, MD, IL, TX, NE, MO, FL, CO, VA, NY, MN, CT, AR, PR, NC, KS, DC, WA, ME, MA, LA, KY, DE, UT; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1285151
NMLS#: 1285151
About George Hamaty
George Hamaty is a Financial Advisor with the Hunter Boulevard Group at Morgan Stanley. He has 7 years of experience in the financial services industry and has been with the firm since 2022. Before joining the Hunter Boulevard Group, George was a Private Banker at J.P. Morgan serving high-net-worth individuals and families.
George was drawn to working with the Hunter Boulevard Group because of the team’s long track record of helping clients execute on their financial plans through teamwork and customized investment strategies. His background in helping high-net-worth families build and preserve capital for future generations has deepened the team’s existing and new clientele.
George earned his bachelor’s degree in finance from the Eli Broad College of Business at Michigan State University. He holds the General Securities Representative License (Series 7), as well as the Uniform Combined State Law License (Series 66).
Outside of the office, George enjoys golf, tennis, hockey, and above all else spending time with family and friends. He tries to get to Northern Michigan whenever the opportunity arises.
George was drawn to working with the Hunter Boulevard Group because of the team’s long track record of helping clients execute on their financial plans through teamwork and customized investment strategies. His background in helping high-net-worth families build and preserve capital for future generations has deepened the team’s existing and new clientele.
George earned his bachelor’s degree in finance from the Eli Broad College of Business at Michigan State University. He holds the General Securities Representative License (Series 7), as well as the Uniform Combined State Law License (Series 66).
Outside of the office, George enjoys golf, tennis, hockey, and above all else spending time with family and friends. He tries to get to Northern Michigan whenever the opportunity arises.
Securities Agent: NC, CT, WY, UT, NJ, KY, CA, AZ, AL, NY, MO, CO, WI, VA, MD, IL, PA, DE, OR, ME, HI, GA, FL, OH, MI, MA, DC, TX, PR, OK, NV, NM, NE, AR, WA, SC, MN, LA, KS, IN; General Securities Representative; Investment Advisor Representative
Contact Jay Keranen
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Wealth Management
Global Investment Office
Portfolio Insights
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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
A Simple Six-Step Retirement Checkup
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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
Iran Conflict: Seven Takeaways for Investors
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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
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
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 Hunter Boulevard Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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 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.
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.
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 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
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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 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.
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.
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 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
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
