Our Philosophy

As Financial Advisors, our role is to help you use your wealth to achieve what is most important to you. That may mean providing an education to children and grandchildren, buying a vacation home, meeting the special needs of a family member, retiring ten years early - the list is endless, and the decision is uniquely your own. Together, we will explore your aspirations and the life you envision. We will work with you to translate your goals into a specific investment objective and personalized investment strategy. And then, drawing on the team's experience - and perspective informed by the insight and resources of one of the world's largest financial firms - we will structure a portfolio for you, executing and refining that strategy to help bring you closer to your definition of investment success. In short, your goals become our focus, and helping achieve them becomes a commitment that we share.
Recognition
  • Named a Forbes Best-In-State Wealth Management Team 2024, 2025
  • Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23.
  • Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period from 3/31/23–3/31/24.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Working With You

At Morgan Stanley, we believe that identifying possible financial solutions begins with a solid understanding of each client’s situation, goals, objectives and risk tolerance. We follow a disciplined process that allows us to work with you to craft a strategy that can help meet your individual financial needs:
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    Step 1: Introductory Meeting
    Our relationship begins with an initial discussion aimed towards getting to know you, your lifestyle, and your future goals.
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    Step 2: Discovery Meeting
    During the discovery meeting, we will work together to establish your financial goals by reviewing your current financial situation and developing an appropriate risk tolerance that can help you achieve the financial outcome you envision for yourself.
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    Step 3: Financial Plan Presentation
    Financial plan presentations map out essential factors that play into your financial success such as your employee and employer contributions, liquidity events, and insurance coverage. Examining relevant financial information provides a holistic asset allocation analysis for your accounts helping ensure a comprehensive financial plan.
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    Step 4: Action Items / Next Steps
    After the financial plan presentation, we will follow up with you regarding our analysis and recommendations, which may include adjustments to your financial plan, investment allocation, company benefits and insurance coverage.
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    Step 5: Implementation Meeting
    The implementation meeting focuses on creating prospective strategies custom designed to help meet your specific needs. Recommended changes could include logistics, tax impact, asset allocation adjustments, and saving/benefit modifications.
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    Step 6: Monitoring & Performance Tracking
    Finally, we will be constantly monitoring your assets and analyzing your performance tracking data seeking to ensure your financial expectations are being met and adjusted accordingly. We will keep a high degree of communication with you to make sure your concerns and requests are always addressed.
The Morgan Stanley Wealth Management process begins with you, your investment objectives and your financial goals. Holistic in its approach, it may encompass all the elements of your financial life — your investments and your cash management needs — making sure they align with your goals and wealth management plan.

The sophisticated suite of tools and the extensive list of resources that Morgan Stanley offers, allows us to implement the Morgan Stanley wealth management process and translate your goals into reality.

Whatever your financial goal—whether to grow your wealth, preserve it or pass it on to others, you can count on us to help you with a strategy that is:
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    1. Personal:
    Highly individualized and committed to helping you achieve financial success.
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    2. Flexible:
    Responsive to changes in your life and in your priorities over time.
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    3. Comprehensive:
    Covering a broad array of investment products and services, with preferred benefits tied to your valued status with us
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    Financial Planning Analysis:
    To begin your complementary financial planning analysis, please click the link below.
    Financial Planning Questionnaire
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    Money & Saving: Financial Planning and Why It Matters to Me
    Date: Monday, May 5th, 2025
    Time: 4:00 PM Eastern Time
    Registration & Details
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    Tying The Financial Knot: Navigating Joint Finances & Communications
    Date: Monday, April 7th, 2025
    Time: 4:00 PM Eastern Time
    Registration & Details
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    2025 Kenwood Office Client Shredding Day
    Date: Saturday, April 5th, 2025
    Time: 9:00 AM Eastern Time
    Invitation & Details
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    Global Investment Office Conversations Featuring Lisa Shalett and Henry McVey
    Date: Thursday, March 27th, 2025
    Time: 4:15 PM Eastern Time
    Registration & Details
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    AI Revolution: The Breakthrough, the Buzz and a Blueprint for the Future
    Date: Monday, March 24th, 2025
    Time: 4:15 PM Eastern Time
    Registration & Details
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    A 2025-2026 Market Outlook and Review of Volatility
    Date: Wednesday, March 19th, 2025
    Time: 4:00 PM Eastern Time
    Registration & Details
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    Home Buying: Navigating the Borrowing Landscape
    Date: Monday, March 3rd, 2025
    Time: 4:00 PM Eastern Time
    Registration & Details
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    U.S. Policy Pulse: Trump 2.0 and the Markets
    Date: Tuesday, February 25th, 2025
    Time: 4:15 PM Eastern Time
    Registration & Details
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    Understanding Market Dynamics: Talking About the Big Picture
    Date: Monday, February 3rd, 2025
    Time: 4:00 PM Eastern Time
    Registration & Details
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    Navigating Investment Strategies for a Tech-Driven World featuring Lisa Shalett and Cathie Wood
    Date: Thursday, January 30th, 2025
    Time: 4:15 PM Eastern Time
    Registration & Details
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    The Kopser Atkinson Group 2025 Market Outlook Zoom Call
    Date: Tuesday, January 28th, 2025
    Time: 5:30 PM Eastern Time
    Invitation & Details
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    Market Outlook Discussion Featuring Oaktree’s Howard Marks
    Date: Tuesday, December 17th, 2024
    Time: 4:15 PM. Eastern Time
    Registration & Details
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    Geopolitical Perspectives with Sec. Condoleezza Rice and Sec. John F. Kerry
    Date: Tuesday, December 10th, 2024
    Time: 4:30 PM. Eastern Time
    Replay Information
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    Global Investment Office Conversations Featuring Lisa Shalett and Jonathan Gray
    Date: Thursday, December 5th, 2024
    Time: 4:15 PM. Eastern Time
    Registration & Details
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    Navigating College & Career Paths
    Date: Monday, December 2nd, 2024
    Time: 4:00 PM Eastern Time
    Registration & Details
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    Social Security Dinner at Eddie Merlot’s
    Date: Thursday, November 14th, 2024
    Time: 6:00 PM. to 8:00 PM Eastern Time
    Invitation & Details
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    Post Election: The Path Forward Replay
    Date: Thursday, November 7th, 2024
    Time: 4:15PM Eastern Time
    Replay Information
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    Entrepreneurship 101: Turning Ideas Into Profit
    Date: Monday, November 4th, 2024
    Time: 4:00 PM Eastern Time
    Registration & Details
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    2024 Election Insights: Point/Counterpoint with Howard Dean and Karl Rove
    Date: Tuesday, October 29th, 2024
    Time: 4:30 PM Eastern Time
    Registration & Details
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    BLINK Cincinnati Showcase
    Date: Friday & Saturday, October 18th and 19th, 2024
    Time: 7:00 PM. to 11:00 PM Eastern Time
    Invitation & Details
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    Estate Planning 101: Basics Including How to Be a Trust Beneficiary
    Date: Monday, October 7th, 2024
    Time: 4:00 PM Eastern Time
    Registration & Details
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    Navigating the Economic Landscape with Lisa Shalett and Ellen Zentner
    Date: Thursday, September 19th, 2024
    Time: 4:00 PM Eastern Time
    Registration & Details
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    2024 Election Insights: Perspectives for Investors
    Date: Thursday, September 12th, 2024
    Time: 4:30 PM Eastern Time
    Invitation & Details
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    2024 Market Update at Aces Pickleball + Kitchen
    Date: Tuesday, August 6th, 2024
    Time: 5:00 PM Eastern Time
    Invitation & Details
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    Exclusive Midyear Economic and Investment Outlook
    Date: Monday, July 22nd, 2024
    Time: 4:30 PM Eastern Time
    Registration & Details
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    Protecting Your Assets in the Digital Age
    Date: Thursday, June 20th, 2024
    Time: 5:00 PM Eastern Time
    Registration & Details
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    2024 General Election & The Markets
    Date: Tuesday, June 18th, 2024
    Time: 12:00 PM Eastern Time
    Click Here to Watch Replay
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    Lessons on Longevity with Dr. Joseph Coughlin
    Date: Monday, May 20th, 2024
    Time: 4:30 PM Eastern Time
    Click Here to Watch Replay
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    2024 Kenwood Office Client Shredding Day
    Date: Saturday, April 27th, 2024
    Time: 9:00 AM Eastern Time
    Invitation & Details
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    Market Perspectives: A Conversation with KKR Co-CEO Scott Nuttall
    Date: Thursday, April 18th, 2024
    Time: 4:15 PM Eastern Time
    Click Here to Watch Replay
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    The Kopser Atkinson Group at Morgan Stanley’s Estate Planning Zoom Call
    Date: Tuesday, March 26th, 2024
    Time: 5:00 PM Eastern Time
    Invitation & Details
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    Market Perspectives: A Conversation with Apollo CEO Marc Rowan
    Date: Monday, March 25th, 2024
    Time: 4:15 PM Eastern time
    Click Here to Watch Replay
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    The Kopser Atkinson Group 2024 Market Outlook Zoom Call
    Date: Wednesday, January 31st, 2024
    Time: 5:30 PM Eastern Time
    Invitation & Details

Valuable Tools and Resource:

Our comprehensive suite of digital tools are designed to help enhance every aspect of your financial life. Below are a few of the technologies we have to offer our clients. We have also included resources meant to transform complex financial analysis and research into concise and easily digestible content.
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    Morgan Stanley Online
    Your investments and everyday finances are always just a few clicks away with Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App.
    Learn More About MSO
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    Total Wealth View
    Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access, and convenient connectivity.
    Learn More About Total Wealth View
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    Goals Based Planning
    Working with us, paired with our technology, is a great way to access advice and build a wealth plan. Read more about the advantages of working with our planning technology in reaching your financial goals.
    Learn About Our Planning Tools
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    Online Security Center
    At Morgan Stanley, safeguarding your assets and personal information is among our highest priorities. Learn about our security measures and use our resources and ideas to help protect yourself online.
    Learn More About Online Security Center
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    Thoughts On The Market Podcast
    With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
    Check Out The Latest Episode
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    On The Markets Research Report
    Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
    Read The Latest Report
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    Morgan Stanley Ideas Podcast
    The Morgan Stanley Ideas Podcast brings you revealing stories about the world of business, finance, technology and beyond.
    Check Out The Latest Episode
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    GIC Weekly Research Report
    The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
    Read The Latest Report
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    2025 Federal Tax Tables
    2025 Federal Tax Table to assist you and your family in your investment decisions.
    Review 2025 Tax Tables
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    Reserved Living & Giving
    Reserved Living & Giving is a complimentary program that rewards Morgan Stanley's and E*TRADE's eligible clients. The program is designed to enhance your lifestyle and relationship with the firm.
    Learn more about Reserved Living & Giving

Location

7755 Montgomery Road 2nd
Suite 200
Cincinnati, OH 45236
US
Direct:
(513) 562-8391(513) 562-8391
Toll-Free:
(800) 543-1825(800) 543-1825
Fax:
(513) 579-0050(513) 579-0050

Meet The Kopser Atkinson Group

About David P. Kopser

David Kopser graduated from Xavier University, where he double-majored in Finance and Economics. He entered the financial services industry in 1999 and has been a Financial Advisor with Morgan Stanley since joining his father, Ray, in 2000. David serves as the Portfolio Management Director of The Kopser Atkinson Group at Morgan Stanley. He utilizes his valuable experience from his first career in the commodities and futures markets to analyze investment opportunities to help guide clients to and through retirement. He excels at simplifying complex, abstract financial concepts and is dedicated to helping clients make wise, educated decisions about their future.

David and his wife, Shannon, are the proud parents of five children: Jaden, Renae, Allison, and twins, Annie and Josie. David’s hobbies include golf, coaching youth sports, and maintaining his horse and cattle farms in Northern Kentucky with three generations of his family.
Securities Agent: OH, WY, NV, CA, MA, WI, NY, FL, DC, WA, VA, TX, KS, CT, MS, IN, GA, PA, NC, MI, MD, AZ, SC, NH, LA, KY, HI, CO, MO, AL, WV, NM, NJ, IL, ME, RI, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 2465049
CA Insurance License #: 0M00670

About Adam P. Atkinson

Adam Atkinson joined Morgan Stanley in May 2018 upon graduating from the University of Kentucky with Magna Cum Laude Honors. He received a Bachelor of Science in Business and Economics degree, double majoring in Finance and Economics and minoring in International Business. After completing an Investment Analysis course during his junior year in college, his intrigue for following and learning more about “The Market” became his passion. The fact that the market fluctuates daily, presenting new opportunities to invest and utilize one’s funds to help maximize return on investment, should be a top priority for every hard‐working individual. Adam is both excited and committed to building personal relationships with individuals and aiding them in achieving their financial goals, no matter what stage of life they are in.

Adam attained his Series 7 and Series 66 licenses, along with his Life and Health Insurance Certifications in 2018. In 2022, Adam became a CERTIFIED FINANCIAL PLANNER™ (CFP®) certificant, a designation awarded by the Certified Financial Planner Board of Standards, Inc. Passing the exam required extensive knowledge on the following core topics: Tax Planning, Estate Planning, Retirement Planning, Investment Planning, Risk Management and Insurance, and the Psychology of Financial Planning.

Adam’s interests include a wide variety of sports, remaining active, traveling, spending time with family and friends, and keeping up with current events. He is an active member of the Northern Kentucky/Greater Cincinnati UK Alumni Club and the Northern Kentucky Young Professionals group with the Chamber of Commerce. He currently lives in Covington, Kentucky and is a member of St. Joseph Catholic Church.
Securities Agent: MS, AL, AZ, CA, CO, CT, DC, FL, GA, HI, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, NC, NH, NJ, NM, NV, NY, OH, PA, RI, SC, TN, TX, VA, WA, WI, WV, WY; General Securities Representative; Investment Advisor Representative
NMLS#: 1798914

About Michael L. Daniels

Michael Daniels received his undergraduate degree in Accounting in 2011 from Northern Kentucky University. After working a few years in accounting, Michael was introduced to the investment industry in 2013, working within Morgan Stanley’s Operations department in Columbus, OH serving the web support, banking, and lending departments. Upon moving back to Cincinnati in 2017, he joined the Kenwood branch of Morgan Stanley and by 2018, earned both his Series 7 and Series 66 licenses. During this time, Michael decided to formally continue his education, and in 2020 he earned his MBA degree with a focus in Management and Finance from NKU. He then joined The Kopser Atkinson Group as a Wealth Management Associate during the pandemic in 2020.

Michael takes great pride in treating every person like family. This shows as it carries over to his professional life, where he strives to ensure a quality experience when working with clients. These traits continue to serve him well as both the father of young twins, Olivia and Logan, and the husband to his wife, Lori whom he met as an undergraduate at NKU.

Michael enjoys playing music and golfing with family and friends in his free time. He plays several instruments and is musically inclined. The Daniels family resides in Northern Kentucky near Taylor Mill, where Michael grew up. Michael is a member of St. Cecilia Parish in Independence, KY.

About Hannah G. Meihaus

Hannah Meihaus graduated from Ball State University in 2013, where she majored in Business Administration. Hannah entered the financial services industry in 2014, recently working in client services and trading. Hannah joined The Kopser Atkinson Group in 2023 as a Client Service Associate.

Hannah currently resides in Hebron, KY with her husband, Steve, and her daughter, Camryn. In her spare time, she loves participating in book clubs, family boat days, exercising, playing in the park, and volunteering at local non-profits in the greater Cincinnati area. Hannah and her family are members of St. Henry Catholic Church in Erlanger, KY.

About Erin E. Mogus

Erin graduated from Northern Kentucky University in 2020 with a degree in Electronic Media and Broadcasting. Erin joined The Kopser Atkinson Group in 2024 as a Team Administrator.

In Erin's spare time, she enjoys traveling, playing sports, game nights, snowboarding, training for marathons, and spending time with friends and family. Erin currently resides in Northern Kentucky and is a member of Crossroads Church.

The Power of Partnerships

By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships

About Kimberly Emerson

Kimberly Emerson is a Private Banker serving Morgan Stanley Wealth Management offices in Ohio.

Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.

Kimberly began her career in financial services in 2001, and joined Morgan Stanley in 2015. Prior to joining the firm, she was a Private Banking Relationship Manager at FC Bank. Kimberly has also been a Wealth Management Banker at Merrill Lynch, as well as a Private Banking Relationship Manager at Fifth Third and KeyBank.

Kimberly is a graduate of Ohio Dominican University where she received a Bachelor of Arts in Business Administration. She and her family reside in Blacklick, Ohio. Outside of the office, Kimberly enjoys sporting events, concerts, and spending time with her family.
NMLS#: 767178
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
4 Financially Smart Ways to Take Money Out of Retirement Accounts
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4 Financially Smart Ways to Take Money Out of Retirement Accounts

Discover how planning for required minimum distributions from retirement accounts can help you fund future needs and support loved ones.

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
2025 Global Economic Outlook: U.S. Policies May Temper Global Growth
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2025 Global Economic Outlook: U.S. Policies May Temper Global Growth

Global growth is likely to be around 3% in 2025 and 2026, as tariff and immigration policies begin to slow the U.S. economy late next year, and China's underperformance restrains emerging markets.

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
Taking Control of Your Finances After Death of a Spouse
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Taking Control of Your Finances After Death of a Spouse

Financial planning after a divorce or death can be trying, but with the right approach and the right advice you can turn a difficult situation into empowerment.

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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Financial Planning for Life After Selling a Business

Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

Philanthropy

Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
  • Endowments
  • Foundations
  • Donor Advised Funds
  • Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving 
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Donor Advised Funds: A Smart Way to Manage Your Giving 

There’s more to charitable giving than you may realize. Here’s one method that may be a tax-efficient way to give and can help maximize your impact.
Ready to start a conversation? Contact The Kopser Atkinson Group today.
Market Information Delayed 20 Minutes
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

1Morgan Stanley’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.

For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

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2Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

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3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.

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4When 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.

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5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

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6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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8Morgan 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.

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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.

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10Alternative 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.

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11When 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.

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12Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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13Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

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14When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.

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15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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16Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.

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17Investors 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.

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18Investors 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.

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19The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.

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20An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.

Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.

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21Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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22Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.

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Awards Disclosures
CRC 6491812 (04/2024)