Robin S Grace, CRPC®
Executive Director, Wealth Management, Financial Advisor, Lending Specialist
Phone:
(781) 672-5154(781) 672-5154
The Lineage Group at Morgan Stanley
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
About Us
People work hard to accumulate their wealth. At the Lineage Group, we believe a comprehensive planning strategy empowers the intentions you have for your collective future.
We all have a vision of what we want our financial future to look like. Our team works with you to simplify and organize the steps to make your vision a reality. Through a comprehensive discovery process and working together, we seek to truly understand and define your financial priorities. As life and the markets evolve, we work with you to implement effective strategies that keep you focused on your goals. Preserving your assets is a priority and our disciplined investment process strives to meet your needs while minimizing volatility and risk.
Wealth and life are to be enjoyed and cherished, intentions are powered by good decision making, and we want to help you get there.
We all have a vision of what we want our financial future to look like. Our team works with you to simplify and organize the steps to make your vision a reality. Through a comprehensive discovery process and working together, we seek to truly understand and define your financial priorities. As life and the markets evolve, we work with you to implement effective strategies that keep you focused on your goals. Preserving your assets is a priority and our disciplined investment process strives to meet your needs while minimizing volatility and risk.
Wealth and life are to be enjoyed and cherished, intentions are powered by good decision making, and we want to help you get there.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Pillars of Our Business
The best relationships are built on trust, understanding, and shared values. Discipline and patience mold our investment philosophy and are critical to achieving your goals. To that end, we are committed to the following core values that serve as the foundation of our practice.
Personalized Attention
Our dedication to building longstanding relationships with our clients and their families is paramount to our service. By choosing to work with a select group of individuals, families, and businesses, we are able to commit the time, energy, and personalized attention that we believe each client deserves. It is only through a strong relationship built upon a foundation of trust that we can effectively help guide you through your financial life.
Comprehensive Wealth Management
Often in wealth management, much of the attention is placed on asset growth. While important, we believe that focusing on both sides of a client’s balance sheet is the only way to truly manage wealth. We do this by committing to strategies that incorporate risk management when investing assets, and controlling debt so that it does not hinder clients’ ability to reach their goals.
Guidance Through Collaboration
While our experience can help you plan for the future, it is important that we know where you want to go financially, or if your plans change along the way. Our clients rely on our advice concerning decisions large and small. From passing on wealth to the next generation, to planning for a child’s education, to buying a new car, life circumstances can change, but that doesn’t mean the success of your financial plan should. For this reason, we rely heavily on collaboration with our clients so that we can be as effective as possible in guiding them to where they want to go.
How We Work
Our disciplined, values-based approach is designed to focus on your unique set of goals. By following these four comprehensive steps, we are able to recommend and implement appropriate solutions to help you achieve- and maintain- financial success by you and your family.
1. Identify Goals and Prioritize
At the outset of our relationships, we have all new clients complete a brief questionnaire that allows us to take a full inventory of your current financial situation, including your goals, risk tolerance, assets, liabilities, and then simply who you are as a person. Most importantly, we want to understand what keeps you up at night in terms of your finances. Once these priorities are set, we can begin to have a conversation about planning.
2. Collaborative Review
Once we understand more about our new clients, we sit down to go over the questionnaire together in order to determine more of the details of what they would like to accomplish, and find any holes that may exist, if any. It is in this meeting where we are able to begin to outline a plan that is customized to each client and their unique circumstances.
3. Run Plan and Analyze Probability of Success
Here we establish a formal plan designed with our clients’ ultimate goals in mind. Through this plan, we will be able to determine the required rate of return necessary to achieve their objectives, and how likely success is based on current assumptions. If any adjustments to the plan are needed in order to increase the probability of success, it will be done before being implemented.
4. Monitor Over Time
After implementation, constant monitoring is needed to ensure success over time. We meet regularly with our clients in order to update them on their performance, and for them to update us on any changes in their life that may require an adjustment to their plan.
Awards and Certifications
Chartered Retirement Planning Counselor (CRPC®): Robin S. Grace
Robin maintains her CRPC® designation, which is a graduate-level designation program for experienced financial advisors who wish to offer more comprehensive retirement advice to individual clients. This program helps to define a "road map to retirement," enabling financial advisors to focus on clients' pre- and post-retirement needs, as well as issues related to asset management and estate planning.
Certified Private Wealth Advisor® (CPWA®): Robin Seidman
Robin maintains his CPWA® designation, which is an advanced certification for seasoned professionals who seek the latest, most advanced knowledge and techniques to address the sophisticated needs of their clients. The program takes a holistic and multidisciplinary approach that includes a deep dive into sophisticated wealth strategies, estate planning, wealth transfer, behavioral finance, family dynamics, tax management, and legacy planning.
Reinvestment Advisor | Equity Compensation: Robin S. Grace
As a Reinvestment Advisor for equity compensation, Robin serves as a direct point of contact for all stock plan inquiries. By addressing questions and reviewing holdings, she is able to help participants understand their grants and discuss strategies to help maximize the value of their equity.
RESOURCES TO HELP OUR CLIENTS PREPARE
Spending and Budgeting Tool
Morgan Stanley's Spending and Budgeting tool can help you understand your spending and find more ways to save.
Read More About Our ToolAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
112 Worcester Street
Wellesley, MA 02481
US
Direct:
(800) 767-7462(800) 767-7462
Meet The Lineage Group
Robin Seidman, CPWA®
Senior Vice President, Wealth Management, Financial Advisor, Portfolio Manager
Phone:
(781) 672-5175(781) 672-5175
David Ferris Sr., CFP®
First Vice President, Wealth Management, Financial Advisor
Phone:
(781) 416-2434(781) 416-2434
David Ferris Jr., CFP®
Vice President, Financial Advisor
Phone:
(781) 431-6780(781) 431-6780
Kacie Lang
Portfolio Associate
Phone:
(781) 431-6797(781) 431-6797
Caitlin E. Pickul
Registered Service Associate
Phone:
(781) 431-6749(781) 431-6749
About Robin S Grace
A Financial Advisor for over three decades, Robin S. Grace has successfully helped individuals, families, non-profits, business owners, and businesses focus on comprehensive wealth planning in order to manage risk and invest with purpose. Over the course of her career, Robin has come to believe that one must first establish goals before putting together an actionable wealth plan, and this is a philosophy that she has built into all aspects of her practice.
Robin’s career in financial advisory began after graduating from Trinity College in 1990 with a degree in Psychology. Beginning at Shearson Lehman Brothers, which through a series of acquisitions eventually became Morgan Stanley, she has worked with a diverse group of clients over the years to help articulate what their goals are and determine the best course of action to meet those goals. This has included working with attorneys, accountants, and especially the children and grandchildren of clients who, in many cases, have become clients themselves and are the inspiration for the name, The Lineage Group.
Robin has also been committed to expanding her knowledge in order to better her clients. This led her to earn her Chartered Retirement Planning Counselor certification which seeks to define a “road map to retirement,” enabling financial advisors to focus on clients’ pre- and post-retirement needs, as well as issues related to asset management, long term care challenges and estate planning.
Outside of work, Robin is very committed to volunteering for a number of non-profits including YMCA Camp Woodstock, Invest it Forward, which provides youth education on financial markets and literacy, and she is also an active alumna volunteer for Trinity College and for the Miracle League of MA. She lives in Concord, MA with her husband, Bill, and their two sons, Ryan and Ben. She enjoys playing golf, squash, paddle tennis and tennis.
Robin’s career in financial advisory began after graduating from Trinity College in 1990 with a degree in Psychology. Beginning at Shearson Lehman Brothers, which through a series of acquisitions eventually became Morgan Stanley, she has worked with a diverse group of clients over the years to help articulate what their goals are and determine the best course of action to meet those goals. This has included working with attorneys, accountants, and especially the children and grandchildren of clients who, in many cases, have become clients themselves and are the inspiration for the name, The Lineage Group.
Robin has also been committed to expanding her knowledge in order to better her clients. This led her to earn her Chartered Retirement Planning Counselor certification which seeks to define a “road map to retirement,” enabling financial advisors to focus on clients’ pre- and post-retirement needs, as well as issues related to asset management, long term care challenges and estate planning.
Outside of work, Robin is very committed to volunteering for a number of non-profits including YMCA Camp Woodstock, Invest it Forward, which provides youth education on financial markets and literacy, and she is also an active alumna volunteer for Trinity College and for the Miracle League of MA. She lives in Concord, MA with her husband, Bill, and their two sons, Ryan and Ben. She enjoys playing golf, squash, paddle tennis and tennis.
Securities Agent: RI, AZ, NM, UT, TN, OH, NJ, AR, TX, GA, VT, VA, NH, MN, LA, DE, WI, NY, NV, MD, FL, SC, ME, ID, WA, PA, OR, NC, HI, MI, MA, IL, DC, CT, CO, CA, IN, IA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1210401
CA Insurance License #: 0C62897
NMLS#: 1210401
CA Insurance License #: 0C62897
About Robin Seidman
As a Financial Advisor since 2013, Robin Seidman has worked with clients and their families to define what they would like their financial future to look like, and what steps need to be taken to get there. Through his experience in managing the unique needs of each and every client, Robin has come to view the preservation of wealth, as opposed to just growth, while managing risk to be the cornerstone of any successful financial plan.
Robin began his career after graduating from Brandeis University with both an undergraduate degree and MBA. Working in college athletics, he was the Assistant Athletic Director at his alma mater for 11 years, as well as its Assistant Soccer Coach from 2002 to 2006. Robin would then move on to become the Athletic Director at Daniel Webster College before transitioning to financial advisory in 2013. His emphasis on goal setting, organization, relationship building, and service were all instilled in him during the early part of his career. These are qualities that he continues to bring to bear as he seeks to service the needs of his clients and help them make difficult financial decisions with ease.
Outside of work, Robin serves as a member of the Board of Directors of Catie’s Closet, which provides clothes and toiletries for homeless and disadvantaged youth in Massachusetts. He also enjoys coaching his daughters’ youth soccer and basketball teams. Robin lives in Acton, MA, with his wife, Meghan, and three daughters, Eliza Jane, Campbell, and Phoebe. .
Robin began his career after graduating from Brandeis University with both an undergraduate degree and MBA. Working in college athletics, he was the Assistant Athletic Director at his alma mater for 11 years, as well as its Assistant Soccer Coach from 2002 to 2006. Robin would then move on to become the Athletic Director at Daniel Webster College before transitioning to financial advisory in 2013. His emphasis on goal setting, organization, relationship building, and service were all instilled in him during the early part of his career. These are qualities that he continues to bring to bear as he seeks to service the needs of his clients and help them make difficult financial decisions with ease.
Outside of work, Robin serves as a member of the Board of Directors of Catie’s Closet, which provides clothes and toiletries for homeless and disadvantaged youth in Massachusetts. He also enjoys coaching his daughters’ youth soccer and basketball teams. Robin lives in Acton, MA, with his wife, Meghan, and three daughters, Eliza Jane, Campbell, and Phoebe. .
Securities Agent: AR, OR, MD, RI, MI, NM, VT, TX, NV, NH, NC, MA, FL, UT, NY, IL, ID, DC, AZ, OH, NJ, MN, LA, IN, IA, DE, CA, WI, WA, VA, TN, ME, CT, SC, HI, GA, PA, CO; General Securities Representative; Investment Advisor Representative
NMLS#: 1219793
NMLS#: 1219793
About David Ferris Sr.
David holds a CERTIFIED FINANCIAL PLANNER™ certification and has been committed to to providing clients with exceptional investment guidance as Financial Advisor since 1999. David started his career at Morgan Stanley in 1999 and transitioned to Wells Fargo Advisors in 2009. David rejoined Morgan Stanley in 2021 and has been a CERTIFIED FINANCIAL PLANNER™ since 2004.
David holds a Bachelor's degree from State University of New York College at Oswego. Away from the office , David enjoys golfing, skiing, fishing and hiking. He lives with his wife, Nan, in Wrentham, Massachusetts.
David holds a Bachelor's degree from State University of New York College at Oswego. Away from the office , David enjoys golfing, skiing, fishing and hiking. He lives with his wife, Nan, in Wrentham, Massachusetts.
Securities Agent: MS, AZ, NM, WI, SC, NY, IN, CA, AR, NH, CO, OK, VA, PA, MI, MD, LA, ID, HI, UT, SD, OR, NJ, MN, GA, TN, OH, ME, FL, TX, MA, NC, RI, WA, VT, NV, IL, DC, CT; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 729890
NMLS#: 729890
About David Ferris Jr.
David holds a CERTIFIED FINANCIAL PLANNER™ designation where he is dedicated to helping clients reach their long-term goals through every stage in life. Whether you are a young family just starting to put together an investment plan for the first time, or you are looking to transition your wealth to the next generation, we are here to put together a plan help you get to where you want to be. Prior to joining Morgan Stanley David was a Financial Advisor with Wells Fargo Advisors where worked with his father.
David holds a Bachelor's Degree from Syracuse University and enjoys playing basketball, going for long runs, and cooking gourmet meals for his family. He and wife live in Franklin, MA.
NMLS ID 2395132
David holds a Bachelor's Degree from Syracuse University and enjoys playing basketball, going for long runs, and cooking gourmet meals for his family. He and wife live in Franklin, MA.
NMLS ID 2395132
Securities Agent: VT, OH, HI, NM, MN, FL, VA, RI, MD, UT, TN, SD, OR, NY, GA, OK, NH, WI, NV, MS, CA, AR, WA, TX, IL, CO, SC, ID, PA, NJ, NC, ME, LA, DC, CT, AZ, MI, MA, IN; General Securities Representative; Investment Advisor Representative
NMLS#: 2395132
NMLS#: 2395132
About Kacie Lang
Kacie Lang is the Portfolio Associate for The Lineage Group at Morgan Stanley and she handles all operations related to client outreach and service. From opening client accounts and money movement, to scheduling and aiding in the client’s adoption of the firm’s digital tools, Kacie seeks to handle every client's concern with care.
Kacie is a graduate of Daniel Webster College with a degree in Sports Management and Marketing. She also holds a Master of Science in Organizational Management with a concentration in Sports and Recreation from Wayne State University. Prior to joining Morgan Stanley in 2019, Kacie spent seven years as a college basketball coach at Peru State College, the University of New England, where her team was Conference Champion in 2015-16, and Washington and Lee University. Her focus on organization, effective communication, goal orientation, and positivity while coaching are now all skills that she sees as invaluable to her current position, as she seeks to understand client concerns and deliver solutions with speed and accuracy.
Having been an athlete in college, Kacie is a fan of both watching and playing sports outside of work. She regularly competes in different recreational soccer and basketball leagues in Boston. In addition, she enjoys hiking, craft beer, and spending time with her family. Originally from New Hampshire, she now lives in Waltham, MA.
Kacie is a graduate of Daniel Webster College with a degree in Sports Management and Marketing. She also holds a Master of Science in Organizational Management with a concentration in Sports and Recreation from Wayne State University. Prior to joining Morgan Stanley in 2019, Kacie spent seven years as a college basketball coach at Peru State College, the University of New England, where her team was Conference Champion in 2015-16, and Washington and Lee University. Her focus on organization, effective communication, goal orientation, and positivity while coaching are now all skills that she sees as invaluable to her current position, as she seeks to understand client concerns and deliver solutions with speed and accuracy.
Having been an athlete in college, Kacie is a fan of both watching and playing sports outside of work. She regularly competes in different recreational soccer and basketball leagues in Boston. In addition, she enjoys hiking, craft beer, and spending time with her family. Originally from New Hampshire, she now lives in Waltham, MA.
About Caitlin E. Pickul
Caitlin Pickul is a Registered Service Associate for The Lineage Group at Morgan Stanley, where she leverages her organizational experience, communication skills, and goal-oriented mindset to provide exceptional service to clients. She is passionate about understanding client concerns and delivering tailored solutions with efficiency and accuracy.
Caitlin holds a Bachelor of Science in Marketing from Providence College and an MBA with a Sport Management Concentration from Loyola University Chicago. Before transitioning to the financial services industry, she spent 15 years as a collegiate soccer coach, holding leadership roles at Salem State University, Wellesley College, College of the Holy Cross, and Nichols College.
As Head Coach at both Wellesley College and Nichols College, Caitlin fostered successful programs while mentoring student-athletes. During her time at Holy Cross, she helped the team achieve a program record setting 2nd place finish in the 2019 season as well as personally earning Patriot League Staff of the Year honors. Caitlin also served as Assistant Director of Strength & Conditioning at Wellesley College, holding her CSCS (Certified Strength and Conditioning Specialist) certification.
A former collegiate soccer player at Providence College, Caitlin remains active in the sport by coaching youth teams. She also enjoys running, having completed several half marathons, and spending time outdoors with family and friends. Originally from North Andover, Massachusetts, Caitlin cherishes trips to Maine and is always ready for new adventures.
Caitlin holds a Bachelor of Science in Marketing from Providence College and an MBA with a Sport Management Concentration from Loyola University Chicago. Before transitioning to the financial services industry, she spent 15 years as a collegiate soccer coach, holding leadership roles at Salem State University, Wellesley College, College of the Holy Cross, and Nichols College.
As Head Coach at both Wellesley College and Nichols College, Caitlin fostered successful programs while mentoring student-athletes. During her time at Holy Cross, she helped the team achieve a program record setting 2nd place finish in the 2019 season as well as personally earning Patriot League Staff of the Year honors. Caitlin also served as Assistant Director of Strength & Conditioning at Wellesley College, holding her CSCS (Certified Strength and Conditioning Specialist) certification.
A former collegiate soccer player at Providence College, Caitlin remains active in the sport by coaching youth teams. She also enjoys running, having completed several half marathons, and spending time outdoors with family and friends. Originally from North Andover, Massachusetts, Caitlin cherishes trips to Maine and is always ready for new adventures.
Contact Robin S Grace
Contact Robin Seidman
Contact David Ferris Sr.
Contact David Ferris Jr.
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Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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.
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.
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.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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.
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.
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.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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 Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
