David J Israel
Managing Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(631) 755-1680(631) 755-1680
The Israel Group at Morgan Stanley
Direct:
(631) 755-1680(631) 755-1680
Toll-Free:
(800) 477-7522(800) 477-7522
Our Mission Statement
The Israel Group is dedicated to providing world class advisory services and a full suite of customized strategies that enable our clients to fulfill their personal and financial goals.
Our Story and Services
Strategies for Life’s Complexities
In a complex and ever-changing world, careful planning and sound advice become even more important as you pursue your personal and professional goals. Collaborating with a seasoned advisory team can help simplify your life, so you can focus on what truly matters to you and your family.
At The Israel Group, we believe wealth is about more than investments and how you manage your money. It’s about your life and the people and passions that give your life meaning.
Our comprehensive and consultative approach focuses on your full financial picture – from putting your children through college and preparing for retirement to caring for aging parents and leaving a lasting legacy.
Our Commitment to You and Your Family
We combine the world-class resources and fiduciary oversight of a premium global firm with the intimate relationship you expect from a specialty boutique.
As an experienced team of caring advisors, we are committed to helping you navigate the distractions of challenging markets, while strengthening your family’s financial security now and for generations to come. Our approach emphasizes highly personalized service and transparency, so we always know what’s happening in your life, and you always know what’s happening with your wealth.
We are proud of the services and solutions we provide our clients and welcome the opportunity to deliver this same level of excellence to you and your family.
In a complex and ever-changing world, careful planning and sound advice become even more important as you pursue your personal and professional goals. Collaborating with a seasoned advisory team can help simplify your life, so you can focus on what truly matters to you and your family.
At The Israel Group, we believe wealth is about more than investments and how you manage your money. It’s about your life and the people and passions that give your life meaning.
Our comprehensive and consultative approach focuses on your full financial picture – from putting your children through college and preparing for retirement to caring for aging parents and leaving a lasting legacy.
Our Commitment to You and Your Family
We combine the world-class resources and fiduciary oversight of a premium global firm with the intimate relationship you expect from a specialty boutique.
As an experienced team of caring advisors, we are committed to helping you navigate the distractions of challenging markets, while strengthening your family’s financial security now and for generations to come. Our approach emphasizes highly personalized service and transparency, so we always know what’s happening in your life, and you always know what’s happening with your wealth.
We are proud of the services and solutions we provide our clients and welcome the opportunity to deliver this same level of excellence to you and your family.
Services Include
- Financial PlanningFootnote1
- Retirement PlanningFootnote2
- Professional Portfolio ManagementFootnote3
- 401(k) Rollovers
- Alternative InvestmentsFootnote4
- Structured ProductsFootnote5
- Trust AccountsFootnote6
- Estate Planning StrategiesFootnote7
- Cash Management and Lending ProductsFootnote8
- Philanthropic ManagementFootnote9
- Life InsuranceFootnote10
- AnnuitiesFootnote11
- Divorce Financial AnalysisFootnote12
- Planning for Individuals with Special Needs
- 529 PlansFootnote13
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our External Recognition
The Israel Group Nominated to Forbes Best-In-State wealth Management Teams (2025)
Forbes Best-in-State Wealth Management Teams ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.
[Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24. https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025]
[Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24. https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025]
David J. Israel Nominated to Forbes Best-In-State Wealth Advisors (2023-2025)
Forbes America’s Top Wealth Advisors and Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual, and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client impact, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.
[Source: Forbes (Awarded April 2023-2025). Data compiled by SHOOK Research LLC based for the period (6/30/21-6/30/22), (6/30/22-6/30/23), (6/30/23-6/30/24). https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025]
[Source: Forbes (Awarded April 2023-2025). Data compiled by SHOOK Research LLC based for the period (6/30/21-6/30/22), (6/30/22-6/30/23), (6/30/23-6/30/24). https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025]
Personalized Solutions
While the strategies we provide are broad in scope, our approach is one hundred percent individualized. We deliver the personalized attention you expect, as we build a structured plan focused on achieving your life goals.
Lifestyle Management
We pay particular attention to the timing of milestone events to help ensure you are prepared each step of the way. Whether you are planning for your children’s education, a comfortable retirement or supporting an organization close to your heart, we develop the strategies needed to achieve your goals on schedule and without undue risk.
Asset Growth and Preservation
Asset management aims to achieve the best possible returns consistent with your level of risk. Working together, we create a customized strategy that applies long-held investment principles to help your assets appreciate appropriately. We also welcome the opportunity to incorporate sustainability, environmental and social values into our process. We embrace conflict-free decision making within a cost-effective structure.
Longevity Planning
Given extended life expectancy, we help customize allocation and distribution strategies to help you preserve assets, whether they are held at Morgan Stanley or other firms. This includes advice on 401(k) plan assets, life insurance and long-term care plans.
Risk Management
Life’s risks can manifest themselves in many ways – from loss of life to loss of health – and have the potential to impair the efficiency of a thoughtfully developed plan. We help address these concerns in a number of ways, ranging from insurance reviews to liquidity strategies.
Legacy Planning
Delivering an estate to the next generation or favorite charity requires more attention than families often realize. Coordinating with outside estate and tax professionals, we align estate planning goals with the appropriate asset titling and beneficiary designation requirements, while incorporating best practices to help enhance results.
Our Specialization in Alternatives Investments
At the Israel Group, we are proud to maintain a designation as Alternative Investment Directors within Morgan Stanley. Ultimately, this specialization, in- addition to our other areas of expertise- uniquely positions us to provide world class advisory services to our clients.
What are Alternatives?
Alternatives can be a valuable tool for experienced investors- or those with ultra-high net worth- to diversify from traditional markets. While investing in alternatives may seem daunting even to qualified investors, the Israel Group's additional designation as Alternatives Investment Directors ensures that our clients experience the full extent of our expertise in this area. To get a better understanding of alternatives and their capabilities, review a high level overview of some common types of alternative products provided below:
What are Alternatives?
Alternatives can be a valuable tool for experienced investors- or those with ultra-high net worth- to diversify from traditional markets. While investing in alternatives may seem daunting even to qualified investors, the Israel Group's additional designation as Alternatives Investment Directors ensures that our clients experience the full extent of our expertise in this area. To get a better understanding of alternatives and their capabilities, review a high level overview of some common types of alternative products provided below:
Private Investments
Investments in private companies, or investment vehicles that aim to provide higher than market returns through a longer term, illiquid investment strategy
Absolute Return Assets
Absolute Return Assets seek to achieve a targeted return independent of any benchmark or other standard
Equity Hedge Assets
Equity Hedge Assets seek to hedge the equity exposure and are usually negatively correlated with equities
Equity Return Assets
Equity Return Assets seek to return above-average equity returns through more complicated strategies, i.e., equity long/short and driven/credit strategies
Real Assets
Tangible assets that derive their value from their own intrinsic and inherent qualities
Any Questions?
If you have any questions about investing in alternatives, or believe that investing in alternatives may be right for you, please don’t hesitate to reach out so that we can discuss your thoughts at length
Contact MePortfolio Management & Why It Matters
As Senior Portfolio Management Directors at Morgan Stanley, we are able to address the needs of high net worth individuals and institutional clients, creating customized investment strategies, portfolios and solutions. This designation adds a personalized aspect of trust and expertise to our fiduciary advice- allowing us to tailor our service to best meet your unique needs.
Additionally, status as Senior Portfolio Management Directors provides access to a tremendous breadth of information, and ultimately prepares us to make more informed decisions about the market or specific investments for your benefit. We are fortunate to have achieved this level of expertise within Morgan Stanley, and we feel this differentiates us from other practices in the tri-state area who may not have these capabilities:
Additionally, status as Senior Portfolio Management Directors provides access to a tremendous breadth of information, and ultimately prepares us to make more informed decisions about the market or specific investments for your benefit. We are fortunate to have achieved this level of expertise within Morgan Stanley, and we feel this differentiates us from other practices in the tri-state area who may not have these capabilities:
Discretion Over Investment Decisions
With your approval, we can use our discretion to make informed and timely investment decisions- saving you time and allowing you to focus on other important matters.
Risk Adjusted Portfolios
We can use out skills as portfolio managers to create customized portfolios that are specifically built with your risk tolerance in mind. We can also construct these portfolios to significantly reduce a specific type of risk which may be unique to you and your assets.
Direct Control Over Assets Included in the Portfolio
Whereas some firm models and managed portfolios do not allow for asset customizations within a portfolio, we are empowered as portfolio managers to include any asset that is a good fit for you and your financial needs.
Ability to Adjust Asser Turnover As Needed to Optimize Taxable Gains
We are able to use our expert level understanding of portfolios, asset turnover and tax-loss harvesting to optimize your taxable gains.
Questions?
If you have any questions about our portfolio management capabilities, or whether portfolio management services may be right for you, reach out using the link below:
Contact UsLocation
58 South Service Rd
Ste 400
Melville, NY 11747
US
Direct:
(631) 755-1680(631) 755-1680
Toll-Free:
(800) 477-7522(800) 477-7522
Meet The Israel Group
Brian Cohen
Vice President, Financial Advisor, Alternative Investments Director, Portfolio Management Director, Insurance Planning Director, Financial Planning Specialist
Phone:
(631) 755-1684(631) 755-1684
Susanne Desgaines
Portfolio Associate
Phone:
(631) 755-1682(631) 755-1682
Lucille Matedero
Registered Associate
Phone:
(631) 755-1646(631) 755-1646
About David J Israel
I graduated Syracuse University in 1984 with a dual major from the S.I Newhouse School of Public Communications, and an Accounting degree from the School of Management. After growing up in Glen Cove, I now reside in Dix Hills with my wife and 3 sons. I enjoy playing golf, tennis, racquetball, and of course, root for the Yankees!
I believe that success in achieving important financial goals starts with a comprehensive, personalized wealth strategy. I help clients define what is most important to them and then formulate strategies that are suited for their individual needs, whether accumulating wealth or investing for income, solidifying retirement plans or devising a distribution approach that meets their lifestyle and legacy goals.
My areas of experience include: Financial Planning and Wealth Management for Individuals, Families, and Private Businesses; Retirement Planning; Qualified Plans and Corporate Retirement; Lending Solutions; Estate Planning Strategies; Alternative Investments; Education Savings Plans; Annuities; Portfolio Management; and more.
*** AWARDS & ACCOLADES ***
I am proud to say that I have been recognized on Forbes 2023 List of Best In State Wealth Advisors.
[Source: Forbes (Awarded Jan 2023). Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/22. https://mgstn.ly/3wb7pSG ]
I believe that success in achieving important financial goals starts with a comprehensive, personalized wealth strategy. I help clients define what is most important to them and then formulate strategies that are suited for their individual needs, whether accumulating wealth or investing for income, solidifying retirement plans or devising a distribution approach that meets their lifestyle and legacy goals.
My areas of experience include: Financial Planning and Wealth Management for Individuals, Families, and Private Businesses; Retirement Planning; Qualified Plans and Corporate Retirement; Lending Solutions; Estate Planning Strategies; Alternative Investments; Education Savings Plans; Annuities; Portfolio Management; and more.
*** AWARDS & ACCOLADES ***
I am proud to say that I have been recognized on Forbes 2023 List of Best In State Wealth Advisors.
[Source: Forbes (Awarded Jan 2023). Data compiled by SHOOK Research LLC based on time period from 3/31/21 – 3/31/22. https://mgstn.ly/3wb7pSG ]
Securities Agent: TX, OH, VI, DE, TN, SD, PA, ME, MD, AR, VA, NM, IL, GA, CT, CO, WA, SC, NC, MO, FL, NY, MN, DC, AK, MA, VT, NJ, MI, KY, CA, AZ, RI; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1274675
NMLS#: 1274675
About Brian Cohen
Brian Cohen joined Morgan Stanley Wealth Management as he saw an opportunity to help individuals achieve their financial and personal goals by putting his knowledge in the Financial Services Sector to work for everyone. Prior to joining MS, Brian spent 15 years as an Institutional Cash Equity Salesperson largely focused on the Financial Services Sector, a position that allowed him to form collaborative partnerships with many of the world’s largest & most successful money managers. Brian’s career started at Fox Pitt Kelton, a boutique Investment Bank, with unique focus in the Financial Services Sector. FPK was later acquired by Australian based Investment Bank Macquarie where his role evolved to include all corners of the financial markets. Before joining the world of finance, Brian grew up on the south shore of Long Island and later attended the University at Buffalo. Brian now resides in Dix Hills with his wife Melissa and their two children, Drew and Cameron.
Securities Agent: MA, AK, OH, NJ, NC, AR, MO, AZ, VA, NY, MD, WA, SC, NM, GA, VT, PA, MN, MI, DC, TX, SD, KY, CA, WI, IL, CO, VI, TN, FL, DE, CT; General Securities Representative; Investment Advisor Representative
NMLS#: 1401633
NMLS#: 1401633
Contact David J Israel
Contact Brian Cohen
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
Tax-Smart Ways to Sell Securities
How investors can tap their portfolios in tax-savvy ways.
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
Article Image
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
Ready to start a conversation? Contact The Israel Group today.
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.
4Alternative 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.
5Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
9Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Morgan 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.
13Investors 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.
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 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
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.
4Alternative 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.
5Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
9Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Morgan 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.
13Investors 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.
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.
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Awards Disclosures
CRC 6491812 (04/2024)
