Jack Krapf, QPFC, CIMA®
Senior Vice President, Financial Advisor, Corporate Retirement Director
Phone:
(478) 471-2249(478) 471-2249
The Krapf Bonfim Group at Morgan Stanley
Direct:
(478) 471-2249(478) 471-2249
Our Mission Statement
Delivering tailored solutions that empower individuals and families to achieve financial clarity, confidence, and lasting success.
Our Story and Services
With over 70 years combined experience in the financial services industry, The Krapf Bonfim Group is committed to helping clients achieve their financial goals. Our approach is built on three pillars: planning, investment management, and an ongoing service commitment that ensures we are with you every step of the way.
Our focus include wealth management and retirement planning for individuals, families, business owners, executives, and corporate retirement plan participants.
Our process begins with an in-depth conversation about your current financial situation and long-term objectives. Through careful planning, we uncover overlooked opportunities, address potential gaps, and create a strategy that adapts to life’s changes. With skilled investment management, we focus on growing and preserving your wealth, while our ongoing service commitment ensures you stay informed, aligned, and prepared for the unexpected.
Let’s start the conversation about how we can help you and your family strive for a brighter financial future. Contact one of us today to begin.
Our focus include wealth management and retirement planning for individuals, families, business owners, executives, and corporate retirement plan participants.
Our process begins with an in-depth conversation about your current financial situation and long-term objectives. Through careful planning, we uncover overlooked opportunities, address potential gaps, and create a strategy that adapts to life’s changes. With skilled investment management, we focus on growing and preserving your wealth, while our ongoing service commitment ensures you stay informed, aligned, and prepared for the unexpected.
Let’s start the conversation about how we can help you and your family strive for a brighter financial future. Contact one of us today to begin.
Services Include
- Wealth ManagementFootnote1
- Retirement PlanningFootnote2
- Business PlanningFootnote3
- Alternative InvestmentsFootnote4
- 401(k) Rollovers
- Financial PlanningFootnote5
- Corporate Retirement PlansFootnote6
- Business Succession PlanningFootnote7
- Corporate Investment SolutionsFootnote8
- Defined Contribution PlansFootnote9
- Estate Planning StrategiesFootnote10
- Trust ServicesFootnote11
- Endowments and FoundationsFootnote12
- Donor Advised Funds
- Long-term Care InsuranceFootnote13
- Divorce Financial AnalysisFootnote14
- Planning for Individuals with Special Needs
- AnnuitiesFootnote15
- Fixed IncomeFootnote16
- Exchange Traded FundsFootnote17
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Your Success, Our Process
Our disciplined approach begins with developing a comprehensive understanding of who you are, what you value and what you truly want your wealth to accomplish. Specifically, you can count on us to work closely with you in the following manner:
Discovery
Before offering specific recommendations, we take the time to truly understand you—both as a person and as an investor. We explore your goals, aspirations, and what you hope to achieve for yourself and your family. This involves an in-depth conversation about your current financial situation, future objectives, risk tolerance, and other factors that will help us develop a customized plan tailored specifically to you.
Formulation
We analyze your input to create a personalized wealth management plan with recommendations designed to meet the objectives you've set. These recommendations may include strategies for helping business owners plan their eventual exit, retirement planning, executive compensation, tax minimization, wealth transfer, private equity, and access to Banking and Lending Services. Most importantly, your plan features a customized asset allocation that accounts for your entire financial picture, including accounts held at other institutions.
Implementation
After presenting your plan, we collaborate closely with you to bring it to life. This may include consultations with Morgan Stanley specialists in areas such as private equity, estate planning, business exit planning, lending strategies, and other disciplines relevant to your needs. Additionally, we will develop an investment strategy tailored to the goals and criteria identified during the Discovery phase of our process.
Evaluation
We believe ongoing communication is essential to building a strong financial partnership. We are committed to staying attuned to your evolving financial needs and providing actionable solutions to address them. This involves continuously monitoring your plan and portfolio to ensure your assets are well-positioned to adapt to both your changing circumstances and shifting market conditions.
Digital Tools and Resources
As a client of Morgan Stanley Wealth Management, you have access to a wide array of digital tools and resources designed to enhance every aspect of your financial life. Here are a few of the technologies we offer to our clients:
Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
Total Wealth View
Securely housed within Morgan Stanley Online, Total Wealth View allows you to link accounts from other institutions. It gives you a more complete view of your financial picture and will help us make better decisions with respect to your goal planning. By updating your information in real time, it eliminates the inconvenience of having to provide statements and ensures that we are making decisions based on a full and timely financial picture.
Digital Vault
Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
eDelivery
Sign up for eDelivery today and start receiving email notifications as soon as your account documents are available on Morgan Stanley Online or the Morgan Stanley Mobile App. It's quick, convenient & secure.
Portfolio Risk Platform
Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio's exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
Financial Planning
Morgan Stanley Financial Planning can show you a single, comprehensive snapshot of your finances. We can help you create a wealth plan that's adaptable to the different stages of your life using our award winning tools- Goals Planning System (GPS) and LifeView.
Private Markets
Many of today's companies stay private longer, with more of their valuation being created before they become publicly traded. Morgan Stanley Private Markets connects a broad network of potential private investors in an accessible ecosystem, allowing eligible clients to buy and sell securities of private companies.
Corporate Retirement
As a team of Corporate Retirement Directors, we will compare and evaluate plan fees and services to those of other similar plans – to help you determine what is reasonable. We can help identify and understand specific plan fees, leverage Fiduciary Benchmark's data and benchmarking capabilities to conduct an apples-to-apples comparison, and ultimately evaluate the effectiveness of their plan from both a quantitative as well as a qualitative perspective.
Managing a comprehensive retirement plan for your organization takes a unique set of skills. As a fiduciary, you are responsible for selecting and monitoring service providers and investments while also being committed to understanding and implementing ERISA regulations. You must also continue to create fresh strategies to encourage your employees to take full advantage of the program. For many plan sponsors, these responsibilities can be overwhelming.
With a commitment to outstanding service and an emphasis on excellence, our mission is simple: to provide objective and high-quality guidance, specialized knowledge and experience, and tailored solutions to empower your organization to make informed decisions about the retirement benefits you offer to your employees. Managing retirement benefits that align with your organization's vision involves many decisions across multiple disciplines. We will work with you to understand your vision and craft a customized plan that supports your organization and your employees.
QPFC® - Qualified Plan Financial Consultant (Jack Krapf and Rick Bonfim)
The Qualified Plan Financial Consultant® is awarded by the National Association of Plan Advisors for financial professionals who sell, advise, market or support qualified retirement plans.
CIMA® - Certified Investment Management Analyst® (Jack Krapf)
The Certified Investment Management Analyst® (CIMA®) certification is designed specifically for financial professionals who serve as advanced investment consultants to high net worth families and institutional investors.
Setting Up and Managing a 401(k) Retirement Plan
Setting up a retirement plan for your company is one of the most effective ways for you and your employees to save for the future. But you may be wondering if you have the time and knowledge to effectively manage a retirement plan. Let's take a look at what's required and what to consider when selecting a retirement plan provider.
Selecting The Right Plan for Your Business
Learn about retirement plans for smaller businesses and how to select the right type for you and your employees. Compare SEP or SIMPLE IRAs vs 401(k)s.
Annual State of Workplace Financial Benefits
Our annual State of Workplace Financial Benefits Study explores the role and perception of workplace benefits, helping to uncover opportunities for employers to enhance employee engagement.
Maximizing Employee Outcomes
From your retirement plan design features to employee education, Morgan Stanley can help customize your retirement solution to work harder for your employees, giving your people the confidence and clarity they need to start embracing their tomorrow, today.
Location
6055 Lakeside Commons Drive
Suite 450
Macon, GA 31210
US
Direct:
(478) 471-2249(478) 471-2249
Meet The Krapf Bonfim Group
Rick Bonfim, QPFC
First Vice President, Financial Advisor, Corporate Retirement Director
Phone:
(478) 471-2250(478) 471-2250
Tammie Thompson
Client Service Associate
About Me
Jack Krapf is a graduate of The Citadel and The Wharton School/The University of Pennsylvania, where he obtained his CIMA. Jack's concentration of study was Accounting, Finance, and Economics. Jack has more than 38 years' experience in the financial services industry; and he practiced public accounting before entering the investment industry. He is responsible for client development, design of investment policies, asset allocation, investment manager selection, reporting and on-going analytical evaluation of investment managers. He also handles qualified retirement plan consulting work, including that which is related to plan documents and design, asset allocation, and working with third party vendors who help provide qualified plan platforms. Jack's responsibilities also include understanding macro-economic and geo-political issues as it relates to financial markets, as well as managing a Wealth Management Team at Morgan Stanley. Jack consults and advises Corporations, Foundations, Athletes, and high net worth families around the country. Services provided to these clients vary from management of assets, financial and estate planning strategies, lending solutions, property and casualty risk analyses.
In 2016-2017 Jack was vetted by the Trump administration and was a finalist for the U.S. Ambassadorship to Israel.
Jack currently serves on the Georgia Military College foundation board as well as serves on its operating, executive committee.
Jack has been featured as a guest lecturer at several Universities including Georgia Tech, Mercer University, Emory University, and The Citadel, speaking to Undergraduate and Graduate level classes regarding economics, finance, accounting and their relationships to the financial markets. In addition, Jack has lectured nationally regarding the same subjects.
Jack has served on many boards including His Alma Mater, The Citadel School of Business. Jack served as the Chairman of The Board of The Baker School of Business at the Citadel and is currently Chairman Emeritus.
Jack has served on The Mayor's Commission for a New Macon, The Mayor's Advisory Commission, Boy's and Girl's Club, Middle Georgia Children's Museum, Middle Georgia Chamber of Commerce, Leadership Macon, Youth Leadership Middle Georgia, Mayor's Workforce Development Council, Sha'arey Israel Synagogue, Federation of Middle Georgia Jewish Charities, Macon Volunteer Clinic, the ALS Association of Georgia state board. Jack served as President of Leadership Macon and B'nai B'rith Men. He has served on the Wachovia Securities Investment Consulting Advisory Board as serving as a trustee of the City of Macon, Georgia's general employee pension fund.
Jack was selected as 2010 Citadel School of Business Alumnus of the year. He has also been selected as a member of Who's Who International Business, Who's Who Southeastern Business, The Contemporary Who's Who, America's Registry of Outstanding Professionals.
Jack was also featured in the book "The Trust Equation" by Steven Drozdeck and Lyn Fisher providing his investment and business philosophies.
Jack has been married to the former Gail Kruger of Macon, Georgia since July 15, 1984. They have three children: Dr. David Krapf 35, Elise Krapf 30, and Allison Krapf 24.
In 2016-2017 Jack was vetted by the Trump administration and was a finalist for the U.S. Ambassadorship to Israel.
Jack currently serves on the Georgia Military College foundation board as well as serves on its operating, executive committee.
Jack has been featured as a guest lecturer at several Universities including Georgia Tech, Mercer University, Emory University, and The Citadel, speaking to Undergraduate and Graduate level classes regarding economics, finance, accounting and their relationships to the financial markets. In addition, Jack has lectured nationally regarding the same subjects.
Jack has served on many boards including His Alma Mater, The Citadel School of Business. Jack served as the Chairman of The Board of The Baker School of Business at the Citadel and is currently Chairman Emeritus.
Jack has served on The Mayor's Commission for a New Macon, The Mayor's Advisory Commission, Boy's and Girl's Club, Middle Georgia Children's Museum, Middle Georgia Chamber of Commerce, Leadership Macon, Youth Leadership Middle Georgia, Mayor's Workforce Development Council, Sha'arey Israel Synagogue, Federation of Middle Georgia Jewish Charities, Macon Volunteer Clinic, the ALS Association of Georgia state board. Jack served as President of Leadership Macon and B'nai B'rith Men. He has served on the Wachovia Securities Investment Consulting Advisory Board as serving as a trustee of the City of Macon, Georgia's general employee pension fund.
Jack was selected as 2010 Citadel School of Business Alumnus of the year. He has also been selected as a member of Who's Who International Business, Who's Who Southeastern Business, The Contemporary Who's Who, America's Registry of Outstanding Professionals.
Jack was also featured in the book "The Trust Equation" by Steven Drozdeck and Lyn Fisher providing his investment and business philosophies.
Jack has been married to the former Gail Kruger of Macon, Georgia since July 15, 1984. They have three children: Dr. David Krapf 35, Elise Krapf 30, and Allison Krapf 24.
Securities Agent: TX, TN, VA, NV, CA, NJ, NC, AL, WI, NE, MD, FL, DC, SC, LA, KY, ID, IA, RI, PA, OH, MS, GA, CO, IL, DE, AR, NY, MN, AZ, VT, MT; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 544895
NMLS#: 544895
About Me
With over 29 years of experience in the financial industry, he has built a career helping clients navigate both sides of the balance sheet, providing guidance on wealth management, debt strategies, and financial planning. He began his financial services career in 1996 at NationsBank in Washington, DC, and has since been dedicated to meeting his clients’ financial needs through retirement planning, portfolio construction, lending, and corporate retirement structures. Today, he serves as a First Vice President Financial Advisor at Morgan Stanley, where he continues to provide tailored financial guidance.
A graduate of Mercer University, Rick Bonfim furthered his expertise by completing The Cannon Trust School with Cannon Financial Institute. Beyond his professional career, he is deeply involved in his community. He is a former chairman of the Board of the Boys & Girls Club of Central Georgia, a Sunday School teacher at Ingleside Baptist Church, and a youth coach for baseball, basketball, and soccer.
Originally from Athens, GA, Rick Bonfim now resides in Macon with his wife, Laura, of 29 years. They have two children, Mary Jayne and Harrison, both Auburn University graduates. In his free time, he enjoys traveling, spending time with family, working out, and has completed six full marathons.
A graduate of Mercer University, Rick Bonfim furthered his expertise by completing The Cannon Trust School with Cannon Financial Institute. Beyond his professional career, he is deeply involved in his community. He is a former chairman of the Board of the Boys & Girls Club of Central Georgia, a Sunday School teacher at Ingleside Baptist Church, and a youth coach for baseball, basketball, and soccer.
Originally from Athens, GA, Rick Bonfim now resides in Macon with his wife, Laura, of 29 years. They have two children, Mary Jayne and Harrison, both Auburn University graduates. In his free time, he enjoys traveling, spending time with family, working out, and has completed six full marathons.
Securities Agent: WI, KY, TN, RI, PA, FL, AZ, MD, IA, OH, AL, NY, DC, CA, TX, NV, NC, ID, GA, DE, LA, SC, VT, MS, AR, MT, VA, NJ, MN, IL, CO, NE; General Securities Representative; Investment Advisor Representative; Managed Futures
About Tammie Thompson
Tammie Thompson is a Client Service Associate at Morgan Stanley with over 32 years of experience in the financial services industry. She joined Morgan Stanley in February 2024 and holds Series 7 and Series 63 licenses, along with Insurance & Annuity certifications.
Originally from Dublin, GA, Tammie values strong client relationships and takes pride in building the trust necessary to provide exceptional service. She is dedicated to ensuring clients receive the highest level of support and guidance in their financial journey.
Tammie has been married to her husband, Greg Thompson, for 10 years, and together they have three children and two grandchildren. Outside of work, she enjoys reading, gardening, and traveling to the beach. She also has a passion for cooking and loves preparing meals for family and friends.
Originally from Dublin, GA, Tammie values strong client relationships and takes pride in building the trust necessary to provide exceptional service. She is dedicated to ensuring clients receive the highest level of support and guidance in their financial journey.
Tammie has been married to her husband, Greg Thompson, for 10 years, and together they have three children and two grandchildren. Outside of work, she enjoys reading, gardening, and traveling to the beach. She also has a passion for cooking and loves preparing meals for family and friends.
Contact Jack Krapf
Contact Rick Bonfim
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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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
Donor Advised Funds: A Smart Way to Manage Your Giving
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Ready to start a conversation? Contact The Krapf Bonfim Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley 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.
4Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
5Morgan 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.
6When 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.
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.
8Morgan 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.
9When 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.
10Morgan 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.
11Morgan 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.
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 and other legal matters.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Morgan 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.
15Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
16Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
17An 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
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*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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Awards Disclosures
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley 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.
4Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
5Morgan 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.
6When 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.
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.
8Morgan 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.
9When 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.
10Morgan 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.
11Morgan 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.
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 and other legal matters.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Morgan 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.
15Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
16Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
17An 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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Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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Awards Disclosures
CRC 6491812 (04/2024)