Natalie Lazar, CFP®
Associate Vice President, Wealth Management, Financial Advisor
Phone:
(212) 643-5803(212) 643-5803
The Lily Group at Morgan Stanley
Direct:
(212) 643-5880(212) 643-5880
Toll-Free:
(800) 223-4565(800) 223-4565
Our Mission Statement
Experience, intellectual capital and dedicated service that will align financial objects with ethical concerns through social responsible investing.
The Lily Group: Meaningful Impact in Wealth Management
Since the start of their careers in 1980, the team has had foresight to understand that social responsibility and capitalism are not mutually exclusive. Founder, Lily Engelhardt, acknowledged the need and acted on the impact movement before the words “socially responsible” were a commonly used term. Lily’s mission began with her passion and lobbying for the anti-apartheid movement.
During a time when portfolio value was predominantly measured in dollars and cents, The Lily Group made a conscious effort to invest in progressive companies whose missions went beyond the bottom line. Not only did the group exclude investing in companies who were harmful to social or environmental agendas, but actively sought after those making progress. Overtime, The Lily Group helped to craft what we now know as “social responsible investing”. Their efforts were not only limited to their capacity as wealth managers; they also took an active stance in lobbying for advanced causes. Natural leaders, many of their colleagues in the business gravitated towards the group’s sustainable agenda and joined them in the movement of investing with impact and using wealth as a tool to help create positive change.
Disclaimers:
Environmental, Social and Governance (“ESG”) investments in a portfolio may experience performance that is lower or higher than a portfolio not employing such practices. Portfolios with ESG restrictions and strategies as well as ESG investments may not be able to take advantage of the same opportunities or market trends as portfolios where ESG criteria is not applied. There are inconsistent ESG definitions and criteria within the industry, as well as multiple ESG ratings providers that provide ESG ratings of the same subject companies and/or securities that vary among the providers. Certain issuers of investments may have differing and inconsistent views concerning ESG criteria where the ESG claims made in offering documents or other literature may overstate ESG impact. ESG designations are as of the date of this material, and no assurance is provided that the underlying assets have maintained or will maintain and such designation or any stated ESG compliance. As a result, it is difficult to compare ESG investment products or to evaluate an ESG investment product in comparison to one that does not focus on ESG. Investors should also independently consider whether the ESG investment product meets their own ESG objectives or criteria.
There is no assurance that an ESG investing strategy or techniques employed will be successful. Past performance is not a guarantee or a dependable measure of future results.
During a time when portfolio value was predominantly measured in dollars and cents, The Lily Group made a conscious effort to invest in progressive companies whose missions went beyond the bottom line. Not only did the group exclude investing in companies who were harmful to social or environmental agendas, but actively sought after those making progress. Overtime, The Lily Group helped to craft what we now know as “social responsible investing”. Their efforts were not only limited to their capacity as wealth managers; they also took an active stance in lobbying for advanced causes. Natural leaders, many of their colleagues in the business gravitated towards the group’s sustainable agenda and joined them in the movement of investing with impact and using wealth as a tool to help create positive change.
Disclaimers:
Environmental, Social and Governance (“ESG”) investments in a portfolio may experience performance that is lower or higher than a portfolio not employing such practices. Portfolios with ESG restrictions and strategies as well as ESG investments may not be able to take advantage of the same opportunities or market trends as portfolios where ESG criteria is not applied. There are inconsistent ESG definitions and criteria within the industry, as well as multiple ESG ratings providers that provide ESG ratings of the same subject companies and/or securities that vary among the providers. Certain issuers of investments may have differing and inconsistent views concerning ESG criteria where the ESG claims made in offering documents or other literature may overstate ESG impact. ESG designations are as of the date of this material, and no assurance is provided that the underlying assets have maintained or will maintain and such designation or any stated ESG compliance. As a result, it is difficult to compare ESG investment products or to evaluate an ESG investment product in comparison to one that does not focus on ESG. Investors should also independently consider whether the ESG investment product meets their own ESG objectives or criteria.
There is no assurance that an ESG investing strategy or techniques employed will be successful. Past performance is not a guarantee or a dependable measure of future results.
Services Include
- Wealth ManagementFootnote1
- Alternative InvestmentsFootnote2
- AnnuitiesFootnote3
- Business PlanningFootnote4
- Cash ManagementFootnote5
- Divorce Financial AnalysisFootnote6
- Endowments and FoundationsFootnote7
- Estate Planning StrategiesFootnote8
- Fixed IncomeFootnote9
- Lending Products
- LGBT+ Planning ServicesFootnote10
- Philanthropic Services
- Retirement PlanningFootnote11
- Sustainable InvestingFootnote12
- Planning for Individuals with Special Needs
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
The Lily Group strives to earn your trust not only through the quality of investment solutions we present to you, but also through the excellence with which we deliver them. Our approach is underscored by a commitment to guide you to make well informed financial decisions that balance your social and ethical concerns with desired results. We work with your other personal advisors, such as your attorney or accountant, seeking to create well-rounded collaborations, resulting in strengthened relationships, and often transcending expectations.
Our Clients
Women:
In life, your financial success is woven into a larger story: a unique web of circumstances, responsibilities, and goals. You have a high-level career, but caring for your parents is turning into another full-time job. Your divorce has raised questions about how shared retirement savings can be divided so that each of you may be comfortable in the years ahead. You know you can do more with your wealth, but you need a clearer understanding of your options before expanding your efforts. The Lily Group, an all-female team, will take the time to understand the many dimensions of your life, and then stand alongside you to help you address the financial complexities- collaborating with you to develop strategies that translate into more confident and comfortable decisions. Women have been taking care of women since the beginning of time, and now with stronger voices we can continue to do that more creatively, confidently, and achieve success together.
In life, your financial success is woven into a larger story: a unique web of circumstances, responsibilities, and goals. You have a high-level career, but caring for your parents is turning into another full-time job. Your divorce has raised questions about how shared retirement savings can be divided so that each of you may be comfortable in the years ahead. You know you can do more with your wealth, but you need a clearer understanding of your options before expanding your efforts. The Lily Group, an all-female team, will take the time to understand the many dimensions of your life, and then stand alongside you to help you address the financial complexities- collaborating with you to develop strategies that translate into more confident and comfortable decisions. Women have been taking care of women since the beginning of time, and now with stronger voices we can continue to do that more creatively, confidently, and achieve success together.
Awards & Recognition
Forbes Best-In-State Wealth Management Teams 2023
Source: Forbes.com (Awarded Jan 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/21-3/31/22.
Forbes Best-In-State Wealth Management Teams 2024
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC for the period 3/31/22-3/31/23
Location
1 Penn Plaza
43rd Fl
New York, NY 10119
US
Direct:
(212) 643-5880(212) 643-5880
Toll-Free:
(800) 223-4565(800) 223-4565
Meet The Lily Group
Executive Director, Wealth Management, Financial Advisor, Financial Planning Specialist, Senior Investment Management Consultant
Phone:
(212) 643-5880(212) 643-5880
Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(212) 643-5881(212) 643-5881
Miguel Marcial
Assistant Vice President, Business Development Associate
Phone:
(212) 643-5802(212) 643-5802
Stephen M. Chan
Senior Registered Client Service Associate
Phone:
(212) 613-6881(212) 613-6881
About Natalie Lazar
Natalie Engelhardt is a New Yorker with a passion for innovation and sustainability. In 2009, Natalie participated in L’Oreal’s Brandstorm for product conception and marketing ideas, where she received a prestigious award from McCann Erickson for Best Communications Campaign against pitches considered from around the world. Natalie then went on to work on L’Oreal’s Global Marketing team. There, she managed the largest segment portfolio, helped re-launch a pillar brand, and created a new product from insight to conception, which launched globally. Following her accomplishments in brand development, she created a new concept in the home décor and interior design sector with her brand, Table Swoon. Table Swoon was highlighted as one of the most innovative ideas to launch in 2013 within the trade. Natalie went on to a boutique investment advisor firm where she learned to love the business. She came to join Morgan Stanley and The Lily Group in 2014.
Natalie attended New York University Stern School of Business. There she received the award for Marketing Excellence and graduated top in her class. She enjoys putting her diverse background together to provide clients a 360 degree service. Natalie Engelhardt is a Certified Financial Planner, CFP®.
Natalie attended New York University Stern School of Business. There she received the award for Marketing Excellence and graduated top in her class. She enjoys putting her diverse background together to provide clients a 360 degree service. Natalie Engelhardt is a Certified Financial Planner, CFP®.
Securities Agent: NH, AK, FL, RI, OR, OH, ID, NM, NJ, VT, SC, CO, TN, VA, NC, MD, KS, IN, WA, TX, AZ, PA, MA, CA, NY, DC, WY, MI, CT; General Securities Representative; Investment Advisor Representative
NMLS#: 1407646
NMLS#: 1407646
About Lily Korine Engelhardt
Since 1981, I have helped guide clients in their quest for financial independence aligned with their personal values. Working with individuals, corporations and foundations, I strive to help preserve and grow my clients’ wealth while providing a deep knowledge about socially responsible investing (SRI) issues which I believe should be integral to any investment decision-making process.
I have a strong mathematical background, having earned a degree in Engineering from Technion University in Israel. In 1986, I joined Morgan Stanley’s predecessor firm and for the past twenty-five years, I have utilized my skills in developing personalized and well-balanced financial plans by focusing on areas such as fixed income, insurance, products and annuities.
I enjoy creating plans for my clients and have an active practice advising foundations and connecting them to each other. I am married and am the mother of three children.
Disclaimer:
There is no assurance that an ESG investing strategy or techniques employed will be successful. Past performance is not a guarantee or a dependable measure of future results.
I have a strong mathematical background, having earned a degree in Engineering from Technion University in Israel. In 1986, I joined Morgan Stanley’s predecessor firm and for the past twenty-five years, I have utilized my skills in developing personalized and well-balanced financial plans by focusing on areas such as fixed income, insurance, products and annuities.
I enjoy creating plans for my clients and have an active practice advising foundations and connecting them to each other. I am married and am the mother of three children.
Disclaimer:
There is no assurance that an ESG investing strategy or techniques employed will be successful. Past performance is not a guarantee or a dependable measure of future results.
Securities Agent: VA, NY, NC, SC, MD, CA, WY, IN, PA, NJ, WA, VT, TN, OR, MA, NH, AK, MI, FL, AZ, RI, NM, DC, CT; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1265316
NMLS#: 1265316
About LiliAnn Stafford
As a Chartered Retirement Planning Counselor (CRPC®), I have a focus on client-centered problem solving that covers the retirement planning process. Together with clients, I design plans for helping meet multiple financial objectives, sources of retirement income, personal savings, employer-sponsored retirement plans, income taxes, retirement cash flow, asset management, estate planning strategies and more.
I have a BA in Business and Finance from Pace University and have been working closely with Lily Engelhardt since 1981. I enjoy the daily interactions with our clients and find it very rewarding to deliver a breadth of financial planning to a wide array of clientele. I am proud of the long-term relationships we have developed along the way.
I am an active member of Mental Health America, American Conference on Diversity and the ASPCA animal shelter. I am the mother of three children.
I have a BA in Business and Finance from Pace University and have been working closely with Lily Engelhardt since 1981. I enjoy the daily interactions with our clients and find it very rewarding to deliver a breadth of financial planning to a wide array of clientele. I am proud of the long-term relationships we have developed along the way.
I am an active member of Mental Health America, American Conference on Diversity and the ASPCA animal shelter. I am the mother of three children.
Securities Agent: OR, NJ, IA, MD, WY, TX, CA, NM, FL, DC, NY, ID, AK, NC, CT, VT, VA, IN, NH, TN, MA, AZ, SC, PA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1262085
NMLS#: 1262085
About Miguel Marcial
Miguel Marcial is from NJ and has worked within the financial services industry since 2008. My career started at Barclays within the Prime Brokerage space providing excellent client service to hedge funds. This involved securities lending, cash management, custody services, margin, and settlement services.
In 2018 I was hired by Morgan Stanley Wealth Management division and then joined The Lily Group in 2020. My area of focus is to bring personalized financial planning solutions and portfolio risk based analysis that are tailored around client specific goals.
I have Master Business Administration in Finance from Seton Hall University. I am bilingual in English and Spanish.
In 2018 I was hired by Morgan Stanley Wealth Management division and then joined The Lily Group in 2020. My area of focus is to bring personalized financial planning solutions and portfolio risk based analysis that are tailored around client specific goals.
I have Master Business Administration in Finance from Seton Hall University. I am bilingual in English and Spanish.
About Stephen M. Chan
Stephen was born and raised in Queens, New York, where he still resides. He attended LaGuardia Community College and Queens College after, majoring in secondary education. He started in the financial industry when he was hired as a temp a smaller brokerage firm. After learning more about the industry, he took his Series 7, and Series 63; he has a passion for helping people which lead him to the Client Service Associate role. After joining Morgan Stanley in 2022, he took his Series 66 allowing him to assist clients further.
I have a passion for computers and technology, that was instilled in him by his older brother and with technology constantly evolving, this passion fueled his drive to keep informed of technological advancements that allow him to stay productive and efficient in his daily life.
I love all sports, particularly basketball. During the warmer months, you will likely find him on a basketball court improving his jump shot, whereas the colder months he spends time watching basketball and football games. As a native New Yorker, he is a huge hometown fan: Yankees, Giants, and Knicks. He is currently working towards getting certified as a basketball referee.
I have a passion for computers and technology, that was instilled in him by his older brother and with technology constantly evolving, this passion fueled his drive to keep informed of technological advancements that allow him to stay productive and efficient in his daily life.
I love all sports, particularly basketball. During the warmer months, you will likely find him on a basketball court improving his jump shot, whereas the colder months he spends time watching basketball and football games. As a native New Yorker, he is a huge hometown fan: Yankees, Giants, and Knicks. He is currently working towards getting certified as a basketball referee.
Contact Natalie Lazar
Contact Lily Korine Engelhardt
Contact LiliAnn Stafford
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
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
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- 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 Lily Group today.
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 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.
2Alternative 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.
3Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
4Morgan 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.
5Morgan 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
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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.
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.
12The 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
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.
2Alternative 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.
3Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
4Morgan 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.
5Morgan 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
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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.
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.
12The 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)
