Phone:
(972) 774-6586(972) 774-6586
The JLD Group at Morgan Stanley
Direct:
(972) 774-6587(972) 774-6587
Toll-Free:
(866) 264-2706(866) 264-2706
Our Mission Statement
Working with you to help preserve and grow wealth for your long-term goals
Our Story
"Will I be able to retire on time?"
"Will I outlive my money?"
“How do I leave a lasting legacy for my family”
These are some of the questions our clients have. Once they become our clients, we are able to help them answer these questions by providing a comprehensive financial plan tailored to their own goals and aspirations.
At The JLD Group at Morgan Stanley, we are a team of experienced Financial Advisors who are committed to providing you with comprehensive planning that not only includes your investments, but extends to every aspect of your financial life. We service hundreds of clients here in Texas as well as around the country. Most of our clients come to us because they're seeking to retire with greater confidence and the transition to retirement can be challenging for those who do not have proper financial guidance.
Our approach begins with simplifying the retirement process by asking our clients one vital question. What do you want your life to look like in five to ten years and how can we help you achieve that goal while remaining financially stable? Once you have answered that question, we step in to help you achieve your goals. To do this, we create a customized financial plan for each client that is tailored to your goals. This will help you determine how to invest your current assets, handle your retirement benefits, and diversify your portfolio.
We welcome you to learn more about how we help serve our clients while helping them achieve their goals. After you have viewed the tabs related to your situation, we invite you to reach out with any further questions and how we can help you get to where you want to be with your financial life. You can reach out to any of the Financial Advisors listed below or call our team direct at 972-774-6587
We look forward to working with you soon and helping you plan out your retirement!
"Will I outlive my money?"
“How do I leave a lasting legacy for my family”
These are some of the questions our clients have. Once they become our clients, we are able to help them answer these questions by providing a comprehensive financial plan tailored to their own goals and aspirations.
At The JLD Group at Morgan Stanley, we are a team of experienced Financial Advisors who are committed to providing you with comprehensive planning that not only includes your investments, but extends to every aspect of your financial life. We service hundreds of clients here in Texas as well as around the country. Most of our clients come to us because they're seeking to retire with greater confidence and the transition to retirement can be challenging for those who do not have proper financial guidance.
Our approach begins with simplifying the retirement process by asking our clients one vital question. What do you want your life to look like in five to ten years and how can we help you achieve that goal while remaining financially stable? Once you have answered that question, we step in to help you achieve your goals. To do this, we create a customized financial plan for each client that is tailored to your goals. This will help you determine how to invest your current assets, handle your retirement benefits, and diversify your portfolio.
We welcome you to learn more about how we help serve our clients while helping them achieve their goals. After you have viewed the tabs related to your situation, we invite you to reach out with any further questions and how we can help you get to where you want to be with your financial life. You can reach out to any of the Financial Advisors listed below or call our team direct at 972-774-6587
We look forward to working with you soon and helping you plan out your retirement!
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Honors & Awards
Forbes Best-in-State Wealth Management Teams 2026
The JLD Group has been named to Forbes Best-in-State Wealth Management Teams for 2026.
Forbes Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23–3/31/24.
View Disclosures HereForbes Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23–3/31/24.
Forbes Best-In-State Wealth Advisors 2018-2026
"AJ" Anupam Johri named a (2018-2026) Forbes Best-In-State Wealth Advisor for Texas.
Source: Forbes.com (Awarded 2021-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Source: Forbes.com (Awarded 2021-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisors 2021-2026
Brooks recognized by Forbes as a Best-in-State Wealth Advisor in Texas from 2021-2026.
Source: Forbes.com (Awarded 2021-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Source: Forbes.com (Awarded 2021-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Barron's Top 1200 Financial Advisors 2014-2026
"AJ" recognized by Barron's as a Top 1200 Financial Advisor.
2014-2026 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023,2024, 2025,2026). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
2014-2026 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023,2024, 2025,2026). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Financial Times 400 Top Financial Advisors 2014, 2017, 2018, 2019
"AJ" named Top 400 Financial Advisor by the Financial Times in the years listed above.
Source: ft.com. Data compiled by the Financial Times based the following time periods:
Awarded 2019; data 6/30/15 - 6/30/18
Awarded 2018; data 6/30/15 - 6/30/17
Awarded 2017; data 9/30/14 - 9/30/16
Awarded 2014; data 9/30/12 - 9/30/13
Source: ft.com. Data compiled by the Financial Times based the following time periods:
Awarded 2019; data 6/30/15 - 6/30/18
Awarded 2018; data 6/30/15 - 6/30/17
Awarded 2017; data 9/30/14 - 9/30/16
Awarded 2014; data 9/30/12 - 9/30/13
Morgan Stanley President's Club Member
"AJ" has been a member of Morgan Stanley's prestigious President's Club in years 2014-2018, 2023, and 2025.
Morgan Stanley Chairman's Club Member
"AJ" was a member of Morgan Stanley's prestigious Chairman's Club in 2024.
Real Advice Focused On You
Most people prefer to work with someone who is well-versed in their particular circumstances – someone they can trust to be there when they need them. At the JLD Group at Morgan Stanley, we work with a large demographic of individuals and families from all over the country helping guide them through the financial planning process. We have extensive experience with company benefit plans as well as taking a strong position in helping you achieve your retirement goals. We serve hundreds of clients with unique needs and backgrounds. In order to do so, we have three full time customer service associates in our office in Dallas, TX, dedicated to servicing your accounts.
Below are some of the types of clients we have dedicated our career to servicing:
• ConocoPhillips and Phillips66 Employees
• Employees and Executives in the Energy Sector
• Pre Retirees in need of rollover services
• Retirees looking to maximize their retirement income
• Individuals and families in need of comprehensive financial planning
Below are some of the types of clients we have dedicated our career to servicing:
• ConocoPhillips and Phillips66 Employees
• Employees and Executives in the Energy Sector
• Pre Retirees in need of rollover services
• Retirees looking to maximize their retirement income
• Individuals and families in need of comprehensive financial planning
How We Help
- Comprehensive Financial Planning
- Investment Management
- Rollover IRAs
- Maximize Employee Benefit Programs
- Tax Efficient Distribution Strategies in Retirement
- Alternative Investment Strategies
- Risk Management
- Working With Your CPA and Estate Attorney
Helping You Before, During, and After Retirement
At the JLD Group at Morgan Stanley, we specialize in helping our clients create a plan for before, during, and post retirement. Being able to retire comfortably and meet your income needs is a primary goal for many clients and we are able to help you achieve this goal.
Before Retirement
Before retirement you are focused on earning and investing enough funds to be able to retire. We are able to help craft a tailored financial plan with this goal in mind. Whether you are changing jobs, or looking to move funds, we are able to handle all of your rollover needs. We are then able to manage these assets and integrate your company’s retirement plan into our overall strategy to make sure you are on track throughout this process.
During Retirement
When you have made it to this stage, Congratulations! You have been able to acquire enough assets to be able to retire from your job and focus on friends, family, hobbies, travel, etc. However, the work with your finances does not end here. As we continue to manage your assets, we look further than asset protection and growth. With our expertise and some of the technology Morgan Stanley has to offer, we are able to make sure you pull an income efficiently from your investment accounts to live off of. By making sure we optimize your withdrawal strategy, we can help mitigate tax consequences as well as not sacrifice long term growth of your portfolio.
After Retirement
After you have lived a long fruitful life, you start to look to what you are leaving behind. Many of our clients want to make sure their family is taken care of as well as leave a lasting legacy. We are able to coordinate with you estate attorneys and work alongside you to make sure your hard earned wealth passes to the next generation. We also work with your heirs to ensure they have the financial literacy needed to maintain your wealth. We will also help with any charitable giving and gifting goals you may have to make sure that your wealth transfers according to your needs and goals.
Cybersecurity and CashPlus
We stand behind our commitment to your financial security. Morgan Stanley makes a significant annual investment in cybersecurity so we can be on guard 24/7, 365 days a year. Our team agrees that safeguarding your assets and personal information is among our highest priorities, leveraging top-of-the-line products and tools to better keep you and your family's assets protected.
It's no question that Cyber-attacks are on the rise. It is never too early to begin implementing some protective measures to better handle cyber-attacks. Knowing WHAT to do, WHO to call, and HOW to proceed when an attack happens, or is about to happen, is imperative.
Below are some helpful tools, articles, and resources regarding Cybersecurity which our team strongly encourages you to review. If you should have any questions regarding these topics, or would like to discuss in greater detail, please do not hesitate to reach out.
It's no question that Cyber-attacks are on the rise. It is never too early to begin implementing some protective measures to better handle cyber-attacks. Knowing WHAT to do, WHO to call, and HOW to proceed when an attack happens, or is about to happen, is imperative.
Below are some helpful tools, articles, and resources regarding Cybersecurity which our team strongly encourages you to review. If you should have any questions regarding these topics, or would like to discuss in greater detail, please do not hesitate to reach out.
Security Center
Learn about our latest security measures, how we are safeguarding your assets and personal information and find actionable insights and resources on important cybersecurity topics to enhance your own online security.
Visit our Security Center
CashPlus Accounts Brochure
We have developed tools and processes and onboarded the people and partners needed to deliver on that commitment. At Morgan Stanley, you have an ally and industry leader in cybersecurity. This brochure goes into detail about what exactly CashPlus is, why it is benefical to you, and how it can better protect your assets.
CashPlus Brochure
Cybersecurity Brochure
The Cybersecurity and Fraud Protection Brochure contains detailed information regarding the resources that we use at Morgan Stanley to help ensure that your financial assets are protected from online attacks. The information below is presented in slide format and can be saved to your device for future reference.
Cybersecurity Brochure
CashPlus - Experian Benefits & Enrollment
The link below will direct you to a video by Morgan Stanley executives that will explain, in detail, the benefits of a CashPlus account combined with Experian. For example, the Identity and Credit Protection that Experian provides to our clients. The video also contains step-by-step enrollment information.
Watch Here
Social Security Deposit Setup Guide
The Social Security Deposit Setup Guide details how to setup direct deposit for CashPlus account owners who are eligible to receive Social Security distributions. Please click the link below for a step-by-step process.
Social Security Deposit Setup Guide
CashPlus: Switching in 3 Easy Steps
The video link below will take you to a comprehensive overview of the CashPlus account through the Morgan Stanley Online platform. It will teach you how to operate the platform, set up different services for you account, and give you the opportunity to become familiar with the functionality prior to opening your account.
Watch HereAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
5001 Spring Valley Rd
Ste 900W
Dallas, TX 75244
US
Direct:
(972) 774-6587(972) 774-6587
Toll-Free:
(866) 264-2706(866) 264-2706
Fax:
(972) 774-6642(972) 774-6642
Meet The JLD Group
Phone:
(972) 774-6551(972) 774-6551
David Dauajare
Vice President, Financial Advisor, Financial Planning Specialist, Senior Portfolio Manager
Phone:
(972) 774-6588(972) 774-6588
Alicia Morris
Portfolio Associate
Phone:
(972) 774-6587(972) 774-6587
Karyna Johri
Team Administrator
Phone:
(972) 998-1715(972) 998-1715
Patrick McDermott
Client Service Associate
Phone:
(972) 774-6571(972) 774-6571
Giselly Mcguire
Client Service Associate
Phone:
(972) 774-6523(972) 774-6523
About Anupam Johri "AJ"
Anupam Johri (“AJ”) is a Managing Director and Wealth Advisor, leading The JLD Group at Morgan Stanley. With 33 years of experience in Wealth Management, he has spent his entire career at the firm, earning recognition from Barron’s, The Financial Times, and Forbes as one of the top financial advisors in the nation. His expertise lies in constructing disciplined, non-emotional investment strategies tailored to help clients preserve and grow their wealth while seeking to ensure long-term financial independence.
At The JLD Group, AJ is committed to delivering a highly customized approach to financial planning, combining deep industry knowledge with Morgan Stanley’s extensive resources. His practice encompasses a broad spectrum of wealth management services, including asset allocation, retirement planning, estate planning strategies, and risk management. Through his strategic, client-focused methodology, he strives to cultivate enduring financial security and confidence for the individuals and families he advises.
AJ’s academic foundation is rooted in engineering and finance. He earned a Bachelor of Engineering in Chemical Engineering from the prestigious Indian Institute of Technology, Roorkee, before pursuing an MBA in Finance at West Texas A&M University. Furthering his expertise, he completed the Senior Financial Advisor Program at The Wharton School of Business in 2007.
Throughout his distinguished career, AJ has consistently been recognized among the industry’s elite. He has been named one of Forbes’ Top Wealth Advisors in Texas (2018–2025), and included in Barron’s list of the Top Financial Advisors in the U.S. (2014–2023, 2025). He has been honored as a member of Morgan Stanley’s President’s Club in the years 2009-2018, 2023, and 2025, a distinction reserved for the firm’s top advisors. In 2019 he was recognized in Morgan Stanley's prestigious Chairman's Club.
A longtime resident of Texas, AJ is deeply committed to both his family and his community. He and his wife, Karyna, have three children—Amber, Tony, and Elsita. Outside of his professional endeavors, he enjoys playing a good game of racquetball, traveling and cherishes time spent with his mother and sister in India.
(2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025) Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2018-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
morganstanley.com/disclosures/awards-disclosure
2014-2023, 2025 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2014-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
At The JLD Group, AJ is committed to delivering a highly customized approach to financial planning, combining deep industry knowledge with Morgan Stanley’s extensive resources. His practice encompasses a broad spectrum of wealth management services, including asset allocation, retirement planning, estate planning strategies, and risk management. Through his strategic, client-focused methodology, he strives to cultivate enduring financial security and confidence for the individuals and families he advises.
AJ’s academic foundation is rooted in engineering and finance. He earned a Bachelor of Engineering in Chemical Engineering from the prestigious Indian Institute of Technology, Roorkee, before pursuing an MBA in Finance at West Texas A&M University. Furthering his expertise, he completed the Senior Financial Advisor Program at The Wharton School of Business in 2007.
Throughout his distinguished career, AJ has consistently been recognized among the industry’s elite. He has been named one of Forbes’ Top Wealth Advisors in Texas (2018–2025), and included in Barron’s list of the Top Financial Advisors in the U.S. (2014–2023, 2025). He has been honored as a member of Morgan Stanley’s President’s Club in the years 2009-2018, 2023, and 2025, a distinction reserved for the firm’s top advisors. In 2019 he was recognized in Morgan Stanley's prestigious Chairman's Club.
A longtime resident of Texas, AJ is deeply committed to both his family and his community. He and his wife, Karyna, have three children—Amber, Tony, and Elsita. Outside of his professional endeavors, he enjoys playing a good game of racquetball, traveling and cherishes time spent with his mother and sister in India.
(2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025) Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2018-2025). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
morganstanley.com/disclosures/awards-disclosure
2014-2023, 2025 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2014-2025). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
Securities Agent: KS, GA, VA, UT, PA, MO, MN, MI, AZ, AR, WY, OR, OH, MS, VI, NM, LA, OK, NY, ND, IL, TN, NJ, NC, IA, FL, AK, HI, CO, WI, KY, WA, NV, MT, ID, NE, CA, TX, SC, MA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1301117
NMLS#: 1301117
About Brooks Laquey
I bring more than 40 years of financial experience to the service of my clients. As a CPA with KPMG Peat Marwick, I helped clients minimize the impact of taxes on their retirement income and estates. I joined Morgan Stanley in 1999 and earned two important designations – Certified Investment Management Analyst and Senior Portfolio Manager – that provide me with the credentials to help clients manage their assets and select carefully researched third party managers to relieve them of day-to-day investment decisions.
My clients include high net worth individuals and their families who are concerned about preserving and growing the assets they’ve accumulated over the course of their lifetimes. Beyond investing, I provide my clients with comprehensive financial plans that help to enable them to pursue their financial goals without losing focus on their career, family or other aspects of their lives they hold most dear.
A native Texan, I grew up in Dallas and graduated from The University of Texas at Dallas with a BS in Business and Public Administration. Outside the office, I am deeply involved in my Church and several Christian ministries, including Life Outreach International. In addition, I’ve supported numerous charities over the years that minister to orphans. My wife and I live in Frisco, Texas where we raised our two sons, both of whom were adopted from St. Petersburg, Russia, and spend as much time as possible with our fourteen year old grandson.
Securities Agent: NV, NY, OK, OR, SC, SD, OH, TN, TX, UT, VA, VI, WA, WY, AK, AL, AR, AZ, CA, CO, DE, FL, GA, HI, ID, IL, KS, LA, MI, MO, MS, MT, NC, ND, NE, NM; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1262177
My clients include high net worth individuals and their families who are concerned about preserving and growing the assets they’ve accumulated over the course of their lifetimes. Beyond investing, I provide my clients with comprehensive financial plans that help to enable them to pursue their financial goals without losing focus on their career, family or other aspects of their lives they hold most dear.
A native Texan, I grew up in Dallas and graduated from The University of Texas at Dallas with a BS in Business and Public Administration. Outside the office, I am deeply involved in my Church and several Christian ministries, including Life Outreach International. In addition, I’ve supported numerous charities over the years that minister to orphans. My wife and I live in Frisco, Texas where we raised our two sons, both of whom were adopted from St. Petersburg, Russia, and spend as much time as possible with our fourteen year old grandson.
Securities Agent: NV, NY, OK, OR, SC, SD, OH, TN, TX, UT, VA, VI, WA, WY, AK, AL, AR, AZ, CA, CO, DE, FL, GA, HI, ID, IL, KS, LA, MI, MO, MS, MT, NC, ND, NE, NM; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1262177
Securities Agent: NY, ID, MS, IA, HI, AR, WY, VA, CO, AZ, MA, IL, CA, ND, WA, NE, KS, FL, TN, SD, OH, NV, LA, AK, MT, MO, WI, UT, SC, PA, OR, OK, NC, TX, MI, GA, VI, NM, KY; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1262177
NMLS#: 1262177
About David Dauajare
David Dauajare has been part of the JLD Group at Morgan Stanley for 8 years. In 2017, David graduated from Southern Methodist University (SMU) with a Bachelor’s degree in finance, and has been working with The JLD Group since then. His primary roles include business development, financial planning, and market portfolio research. David frequently travels to various ConocoPhillips and Phillips 66 locations, where he and his team meet with clients and hold educational dinners and seminars to discuss the markets and retirement planning.
David has been named to the Firm’s Pacesetter’s Club from 2020 to 2025, a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first class client service.
David is originally from Mexico and has lived in Texas for the last 15 years. He recently moved back to Houston and is married to his wife, Francesca. They are currently enjoying the first year of life with their second daughter Emma, along with their one year old, Clara.
David has been named to the Firm’s Pacesetter’s Club from 2020 to 2025, a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first class client service.
David is originally from Mexico and has lived in Texas for the last 15 years. He recently moved back to Houston and is married to his wife, Francesca. They are currently enjoying the first year of life with their second daughter Emma, along with their one year old, Clara.
Securities Agent: OH, CA, DE, AZ, NV, GA, FL, ND, VA, NC, LA, KS, IL, CT, MS, AR, WY, TX, OR, NM, MI, ID, WI, WA, VI, MT, HI, TN, SC, NY, NE, CO, AL, AK, MO, KY, IA, UT, SD, PA, OK, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 1859814
NMLS#: 1859814
About Alicia Morris
Alicia Morris is a Portfolio Associate with the JLD Group at Morgan Stanley, where she has supported clients and the team since 2017. She holds Series 7 and Series 66 licenses and helps lead day-to-day client service and investing support, partnering closely with the team to deliver a high-quality client experience.
In addition to her client-facing responsibilities, Alicia serves as a CSA Coach, helping onboard and mentor new hires as they learn their role, core functions, and best practices.
Outside of work, Alicia is married to her husband, Tanner, and they have three children. She enjoys spending time outdoors and traveling whenever she can.
Outside of work Alicia enjoys spending time with her husband, Tanner and her two sons, Weston and Jett. They love being active outside and to travel to see new places. Alicia has lived in the Dallas area for the past nine years and is originally from Wichita Falls. Being that Wichita Falls is only a short drive from Dallas, she takes every opportunity to visit her family and friends that still live there.
In addition to her client-facing responsibilities, Alicia serves as a CSA Coach, helping onboard and mentor new hires as they learn their role, core functions, and best practices.
Outside of work, Alicia is married to her husband, Tanner, and they have three children. She enjoys spending time outdoors and traveling whenever she can.
Outside of work Alicia enjoys spending time with her husband, Tanner and her two sons, Weston and Jett. They love being active outside and to travel to see new places. Alicia has lived in the Dallas area for the past nine years and is originally from Wichita Falls. Being that Wichita Falls is only a short drive from Dallas, she takes every opportunity to visit her family and friends that still live there.
About Karyna Johri
Karyna has rejoined the team after several years, bringing a renewed passion for serving clients and contributing to the continued success of the practice. Having been part of the firm since its early days, Karyna played a key role in building the foundation of the business 31 years ago. Over the years, many clients have not only become long-term partners but have also shared in the journey of watching each other’s families grow. Karyna is a dedicated mother of three, with two independent children and one still in High School. Now ready to return to the professional world, she is eager to bring her leadership skills and fresh perspective to be a part of this dynamic team.
About Patrick McDermott
Patrick joined the team in December 2024 and currently holds his Series 7, 63 and 65 licenses. After graduating from University of Texas, with a B.A. in Economics, Business minor, and a German Language Certificate, Patrick immediately began a career in the investment industry. He became highly experienced at his old firm in workplace retirement plans such as 401ks, pensions, and deferred compensation plans. However, he was thrilled when an opportunity arose at Morgan Stanley for our team - and he turned out to be a great fit!
While Patrick settles into his new position, in his free time, he can be found going down to Austin to cheer on the Texas Longhorns or waking up early Saturday mornings to watch Bayern Munich soccer. As a North Texas native, Patrick enjoys spending time with family like playing pickleball with his father around the DFW area, trying new recipes or going to new restaurants, and walking the Katy Trail when the crazy Dallas weather permits.
While Patrick settles into his new position, in his free time, he can be found going down to Austin to cheer on the Texas Longhorns or waking up early Saturday mornings to watch Bayern Munich soccer. As a North Texas native, Patrick enjoys spending time with family like playing pickleball with his father around the DFW area, trying new recipes or going to new restaurants, and walking the Katy Trail when the crazy Dallas weather permits.
About Giselly Mcguire
Giselly is a multilingual client service professional with experience supporting investment account servicing and financial transactions, with a strong focus on accuracy and high-touch service. Originally from Rio de Janeiro, Brazil, she holds a B.A. in Tourism Management and speaks five languages. Outside of work, she volunteers with the SPCA of Texas, enjoys exploring new restaurants with her husband, and likes going to her book club, playing mahjong with her friends , and is an avid Formula1 fan.
Contact Anupam Johri "AJ"
Contact Brooks Laquey
Contact David Dauajare
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
A Simple Six-Step Retirement Checkup
Article Image
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
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
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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
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1When 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.
2Morgan 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.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley 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.
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
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
2Morgan 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.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley 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.
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
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
