Jessica A Marshall
Executive Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(212) 230-3602(212) 230-3602
The Marshall / Tepper Group at Morgan Stanley
Direct:
(212) 230-3498(212) 230-3498
Toll-Free:
(800) 843-0211(800) 843-0211
Our Mission Statement
We don't believe in a one-size-fits-all cookie cutter approach to wealth management. We create smart, customized strategies to help successful individuals and families preserve and grow their wealth.
Welcome
You’ve worked hard to achieve financial success. You deserve a wealth management plan that works hard for you. Whether you’re a young professional, growing a business, planning for retirement, or transferring wealth, we’ll help you plan and preserve what you’ve worked hard to achieve so you can reach your financial goals for the future.
Our team grew out of a husband and wife practice and continues to take a collaborative approach to wealth management. With over 85 years of combined experience, we help guide clients through a wide range of financial issues that require careful attention, sophisticated resources, and a keen understanding of market complexities. With our corporate and financial services backgrounds, we have extensive experience in financial planning and asset management.
As Senior and Certified Portfolio Managers, we are among a select group of Morgan Stanley advisors who take a hands-on approach to the markets by doing our own research, analysis, and portfolio construction. With more than three decades of experience in the industry, we’ve seen both bear and bull markets up close and personal. So when it comes to investing, we remain patient and totally focused on our client’s objectives of building and maintaining their financial resources.
If you’d like a second opinion about your investments or would like to chat about your financial future, please call us at (212)-230-3498.
Our team grew out of a husband and wife practice and continues to take a collaborative approach to wealth management. With over 85 years of combined experience, we help guide clients through a wide range of financial issues that require careful attention, sophisticated resources, and a keen understanding of market complexities. With our corporate and financial services backgrounds, we have extensive experience in financial planning and asset management.
As Senior and Certified Portfolio Managers, we are among a select group of Morgan Stanley advisors who take a hands-on approach to the markets by doing our own research, analysis, and portfolio construction. With more than three decades of experience in the industry, we’ve seen both bear and bull markets up close and personal. So when it comes to investing, we remain patient and totally focused on our client’s objectives of building and maintaining their financial resources.
If you’d like a second opinion about your investments or would like to chat about your financial future, please call us at (212)-230-3498.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Capabilities
With a collaborative, detail-oriented approach, we aim to design a wealth management plan that is truly tailored to your unique needs and aspirations. That’s why we start with a deep understanding of your objectives and personal preferences – your risk tolerance, liquidity needs, long-term goals, and tax and estate planning requirements.
Whether we are building your portfolio from scratch or updating an existing one, we get to know and appreciate both your investment style and how a mix of investments and certain appropriate liabilities are best suited to your objectives. We begin each day conducting our own research gathered from the best minds in areas and subjects that could impact our strategies and investment decisions. This insight not only sets us apart from other advisors, but allows us to provide you with the latest and most appropriate guidance.
We communicate and collaborate with you frequently – by telephone, email, and in person – to ensure that your financial strategy stays aligned with your evolving objectives. We also keep you up to date on market behavior through a quarterly newsletter. None of our material is “canned” and we haven’t missed a quarter in the last 25 years!
We also work with your attorneys and tax professionals as needed, that way our financial strategy is not only coordinated, but comprehensive.
Whether we are building your portfolio from scratch or updating an existing one, we get to know and appreciate both your investment style and how a mix of investments and certain appropriate liabilities are best suited to your objectives. We begin each day conducting our own research gathered from the best minds in areas and subjects that could impact our strategies and investment decisions. This insight not only sets us apart from other advisors, but allows us to provide you with the latest and most appropriate guidance.
We communicate and collaborate with you frequently – by telephone, email, and in person – to ensure that your financial strategy stays aligned with your evolving objectives. We also keep you up to date on market behavior through a quarterly newsletter. None of our material is “canned” and we haven’t missed a quarter in the last 25 years!
We also work with your attorneys and tax professionals as needed, that way our financial strategy is not only coordinated, but comprehensive.
Life Navigation
Here you will find a wide range of content and materials covering a variety of life events and milestones.
Financial Literacy
Financial literacy means being equipped with the knowledge to make smart financial decisions during every stage of your life. No matter your current priorities, a strong financial literacy foundation can help you meet your goals.
Financial Literacy for Any Stage of Your Life
Birth of a Child & Grandchild
Welcoming a child into the family is a joyous occasion for everyone. As your trusted advisor we understand our critical role in helping you plan and prepare for the financial components that a new child introduces into your lives—everything from planning for the costs associated with birth, adoption or surrogacy; anticipating unexpected medical expenses; understanding gifting requirements; preparing for child care and planning for educational expenses.
Learn More About Giving to Minors
Education
Education is a major investment and expense—one that often requires years of careful, advanced planning. As educational costs continue to rise—from primary education through undergraduate, graduate and professional schools—we can help you approach the range of educational expenses, such as tuition, extension programs and advanced professional training, with appropriate funding strategies for their particular situations.
Learn More About Planning Ahead
Marriage
There are few events more exciting than when you decide to align your life with the person you love. One of the most important conversation before tying the knot is money—how you'll make it, save it, spend it and invest it. In addition, helping fund an adult child’s wedding is a goal for many parents (and grandparents). Our team can play an important role in helping you plan for these milestones.
Learn More About Talking Money with Your Spouse
Divorce
Divorcing a spouse can be a difficult ordeal, with repercussions to your emotional and financial well-being. Although divorce is seldom easy, our team can help you prepare for it, which will help you feel more in control and better equipped to make informed, confident decisions about your financial futures. We will help you regain your footing and move forward with confidence in your new life.
Planning For A New Beginning
Retirement
Time can be one of the most powerful tools in a retirement savings plan, allowing you to potentially build a healthy nest egg even if, when starting out, you are only able to save small amounts. Over time, the effects of compounding coupled with consistent contributions to a retirement account can help turn even small deposits into a significant balance.
Retirement Planning
Death
Dealing with death is never easy. Aside from coping with the loss of a loved one, legal matters also require immediate attention, including administration of your estate. Though it may be hard to talk about estate planning because of the heartache, addressing it promptly is crucial to saving both time and money, and minimizing family conflict or confusion.
Learn More About Estate PlanningWomen & Wealth
HER Way Event: 2025 Market and Economic Outlook Event
Prepare for the year ahead with valuable insights into the key trends and forecasts shaping the global economy in 2025. As markets continue to evolve and uncertainties abound, this event offers an opportunity to gain professional perspectives to inform your financial strategies.
Join us January 15th as Lisa and Ellen share their viewpoints and analysis on economic shifts, market opportunities, and strategic considerations for navigating the year ahead.
Register Here: January 15th, 2025, 5:30 p.m. - 7:30 p.m. ETJoin us January 15th as Lisa and Ellen share their viewpoints and analysis on economic shifts, market opportunities, and strategic considerations for navigating the year ahead.
Women's Playbook
There’s no doubt about it—women face a unique set of financial challenges. Yet, most of us feel ill-equipped to navigate these circumstances on our own. At Morgan Stanley, we have witnessed the power of education and trusted guidance to transform a woman’s relationship with money. We believe educated women create a ripple effect, inspiring generations of men and women to come. That is why we are committed to empowering you with the knowledge and tools needed to help achieve your goals: whether you’re buying a home, starting a family, navigating a divorce, or giving back to a cause you care about.
Women's Guide to Life & MoneyFamily Assist
Designed to help guide you and your family with the decisions to be made following a major life event. Here at Morgan Stanley, we can help you adapt FamilyAssist to your specific needs. We are able to provide you with the advice and guidance necessary to set priorities and make informed decisions.
Learn More About Addressing Immediate ConcernsNavigating Divorce
It is important to evaluate the impact divorce can have on both your personal and financial matters. Learn how to build a solid financial strategy that may help provide you with greater independence and flexibility in the future.
Divorce Fact SheetLatest Newsletters and Events
Q4 2024 Newsletter
When we look back at 2024, we can say that, like 2023, this was another good year to be in the market. Very few will dispute that. But when we pull back the curtains and get into more of the details as to why the markets did what they did, the story gets a bit more interesting.
Continue Reading: “2024: A Year Full of Global, Economic and Political Stories”Jessica A. Marshall Named to President’s Club at Morgan Stanley
Morgan Stanley (NYSE: MS) announced that Jessica A. Marshall, a Executive Director, Financial Advisor and Senior Portfolio Management Director in its Wealth Management office in New York City has been named to the Firm’s prestigious President’s Club, an elite group composed of the Firm’s top Financial Advisors. The appointment recognizes Jessica’s consistent creativity and excellence in providing a wide range of investment products and wealth management services to her clients.
Read the Full Press ReleaseJessica A. Marshall Named to Forbes 2025 Magazine’s “Top Women Wealth Advisors Best-In-State” List
Morgan Stanley announced today that Jessica A. Marshall, a Executive Director, Senior Portfolio Management Director and Financial Advisor in the Firm’s 522 5th Avenue Wealth Management office, has been named to Forbes Magazine’s list of Top Women Wealth Advisors Best-In State for 2025, listed on forbes.com.
Source: Forbes.com (February, 2025) America’s Top Women Wealth Advisors and Top Women Wealth Advisors Best-In State. Data compiled by SHOOK Research LLC based for the period 9/30/23–9/30/24.
Read the Full Press Release HereSource: Forbes.com (February, 2025) America’s Top Women Wealth Advisors and Top Women Wealth Advisors Best-In State. Data compiled by SHOOK Research LLC based for the period 9/30/23–9/30/24.
Secure 2.0 Act
Congress recently passed the SECURE 2.0 Act of 2022, which was signed into law by President Biden on December 29, 2022. SECURE 2.0 is a significant piece of retirement legislation that is intended to make it easier for businesses to offer retirement plans and for individuals to save for retirement.
Fact SheetSocial Security COLA Increase
The Social Security Administration has adjusted benefits payments annually for inflation since 1975. According to the SSA, Social Security benefits and Supplemental Security Income (SSI) payments are adjusted to reflect any increase in the cost of living as measured by the Consumer Price Index (CPI).
Social Security Fact SheetLocation
55 East 52nd Street 10th
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New York, NY 10055
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Direct:
(212) 230-3498(212) 230-3498
Toll-Free:
(800) 843-0211(800) 843-0211
Meet The Marshall / Tepper Group
Jerrold P Tepper, CPM®
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(212) 230-3601(212) 230-3601
Kenneth J Bracht
Associate Vice President, Financial Advisor, Financial Planning Specialist
Phone:
(212) 603-6177(212) 603-6177
Patrick J Valenti
Assistant Vice President, Wealth Management Associate
Phone:
(212) 230-3498(212) 230-3498
Stephen Miller
Client Service Associate
Phone:
(212) 230-3718(212) 230-3718
About Jessica A Marshall
Jessica A. Marshall
Executive Director
Senior Portfolio Management Director
Financial Advisor
Jessica A. Marshall is an Executive Director, Senior Portfolio Management Director, Financial Advisor, and founding partner of the Marshall Tepper Group at Morgan Stanley. With more than 30 years in the financial services industry, Jessica focuses on portfolio management and financial planning for corporate executives, young professionals, business owners, individuals, and families.
Jessica earned her bachelor’s degree from Finch College and a master’s degree in business administration from Bernard Baruch College. She began managing client portfolios as a Financial Advisor at Bache Halsey Stuart Shields (a predecessor firm of Prudential Services) and joined Smith Barney (now Morgan Stanley) in 1994. Jessica has been named to Forbes 2021-2025 list of America's Top Women Wealth Advisors, and Forbes 2023 Best-In-State Women Advisors.
As a Senior Portfolio Management Director, Jessica is among a select group of Morgan Stanley advisors who conduct their own research, analysis, and portfolio construction. With decades of experience designing investment portfolios, Jessica offers a patient, steady approach. She builds her investment portfolios from the ground up, starting with a keen understanding of her clients’ goals and aspirations.
Passionate about helping women achieve their personal and financial goals, Jessica co-founded the “HER Way” initiative at Morgan Stanley, a series of community events dedicated to help empower women to live their best financial lives.
Outside of the office, Jessica is a devoted dog lover and enjoys cooking. She was a gold-level ice skater and has continued her love for the arts as a Board Member of The Gibney Dance Company.
2021-2025 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors)
Source: Forbes.com (Awarded 2021-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
Executive Director
Senior Portfolio Management Director
Financial Advisor
Jessica A. Marshall is an Executive Director, Senior Portfolio Management Director, Financial Advisor, and founding partner of the Marshall Tepper Group at Morgan Stanley. With more than 30 years in the financial services industry, Jessica focuses on portfolio management and financial planning for corporate executives, young professionals, business owners, individuals, and families.
Jessica earned her bachelor’s degree from Finch College and a master’s degree in business administration from Bernard Baruch College. She began managing client portfolios as a Financial Advisor at Bache Halsey Stuart Shields (a predecessor firm of Prudential Services) and joined Smith Barney (now Morgan Stanley) in 1994. Jessica has been named to Forbes 2021-2025 list of America's Top Women Wealth Advisors, and Forbes 2023 Best-In-State Women Advisors.
As a Senior Portfolio Management Director, Jessica is among a select group of Morgan Stanley advisors who conduct their own research, analysis, and portfolio construction. With decades of experience designing investment portfolios, Jessica offers a patient, steady approach. She builds her investment portfolios from the ground up, starting with a keen understanding of her clients’ goals and aspirations.
Passionate about helping women achieve their personal and financial goals, Jessica co-founded the “HER Way” initiative at Morgan Stanley, a series of community events dedicated to help empower women to live their best financial lives.
Outside of the office, Jessica is a devoted dog lover and enjoys cooking. She was a gold-level ice skater and has continued her love for the arts as a Board Member of The Gibney Dance Company.
2021-2025 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors)
Source: Forbes.com (Awarded 2021-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
Securities Agent: NC, IA, NH, MT, MO, MA, ME, CO, AZ, RI, NJ, MN, IL, MI, NY, NV, LA, GA, WY, WA, VT, OR, CA, VI, VA, CT, TN, OH, DE, DC, WI, TX, FL, SC, PA, MD, IN; General Securities Representative; Investment Advisor Representative
NMLS#: 1282863
NMLS#: 1282863
About Jerrold P Tepper
Jerrold P. Tepper, CPM
Senior Vice President
Senior Portfolio Management Director
Certified Portfolio Manager
Financial Advisor
Jerrold P. Tepper is a Senior Vice President, Senior Portfolio Management Director, Certified Portfolio Manager, Financial Advisor, and founding partner of the Marshall Tepper Group at Morgan Stanley. With more than 25 years of experience in the financial services industry, he focuses on portfolio management and financial planning for corporate executives, young professionals, business owners, individuals, and families.
Jerry earned a bachelor’s degree from Rutgers University, master’s degrees from The New School For Social Research and Hunter College, and a Certified Portfolio Manager designation from Columbia University’s Center for Financial Engineering. He began managing client portfolios when he partnered with his wife, Jessica Marshall, at Prudential Securities. They joined Smith Barney (now Morgan Stanley) in 1994. Jessica and Jerry have been named to 2023 Master’s Club at Morgan Stanley Wealth Management. Jerry is also a past President of the Portfolio Management Institute.
As a Senior Portfolio Management Director and a Certified Portfolio Manager, Jerry is among a select group of Morgan Stanley advisors who conduct their own research, analysis, and portfolio construction. He has extensive experience crafting customized investment plans, doesn’t believe in a “one size fits all” approach, and knows that building the right investment strategy starts with being a good listener. Committed to a high level of communication with clients, Jerry adjusts plans as needed to keep them aligned with his clients’ evolving vision for the future. He also writes a quarterly newsletter that updates clients on current market behavior.
Outside of work, Jerry is a devoted dog lover and a car enthusiast. He also enjoys cooking and biking and boogie boarding at the beach in Long Beach, NY.
Senior Vice President
Senior Portfolio Management Director
Certified Portfolio Manager
Financial Advisor
Jerrold P. Tepper is a Senior Vice President, Senior Portfolio Management Director, Certified Portfolio Manager, Financial Advisor, and founding partner of the Marshall Tepper Group at Morgan Stanley. With more than 25 years of experience in the financial services industry, he focuses on portfolio management and financial planning for corporate executives, young professionals, business owners, individuals, and families.
Jerry earned a bachelor’s degree from Rutgers University, master’s degrees from The New School For Social Research and Hunter College, and a Certified Portfolio Manager designation from Columbia University’s Center for Financial Engineering. He began managing client portfolios when he partnered with his wife, Jessica Marshall, at Prudential Securities. They joined Smith Barney (now Morgan Stanley) in 1994. Jessica and Jerry have been named to 2023 Master’s Club at Morgan Stanley Wealth Management. Jerry is also a past President of the Portfolio Management Institute.
As a Senior Portfolio Management Director and a Certified Portfolio Manager, Jerry is among a select group of Morgan Stanley advisors who conduct their own research, analysis, and portfolio construction. He has extensive experience crafting customized investment plans, doesn’t believe in a “one size fits all” approach, and knows that building the right investment strategy starts with being a good listener. Committed to a high level of communication with clients, Jerry adjusts plans as needed to keep them aligned with his clients’ evolving vision for the future. He also writes a quarterly newsletter that updates clients on current market behavior.
Outside of work, Jerry is a devoted dog lover and a car enthusiast. He also enjoys cooking and biking and boogie boarding at the beach in Long Beach, NY.
Securities Agent: OR, RI, WY, WI, WA, VT, VA, TX, TN, SC, PA, OH, NY, NV, NJ, NH, NC, MT, MO, MN, MI, ME, MD, MA, LA, IN, IL, IA, GA, FL, DE, DC, CT, CO, CA, AZ; General Securities Representative; Investment Advisor Representative
NMLS#: 1279261
NMLS#: 1279261
About Kenneth J Bracht
Kenneth J. Bracht Jr.
Associate Vice President
Financial Advisor
Portfolio Management Associate
Financial Planning Specialist
Kenneth J. Bracht Jr. is a Portfolio Management Associate, Financial Planning Specialist, Financial Advisor, and partner of The Marshall Tepper Group at Morgan Stanley. With extensive experience in the financial services industry, he focuses on comprehensive financial planning for corporate executives, young professionals, business owners, individuals, and families.
A graduate of SUNY Plattsburgh, Ken earned a Bachelor of Science degree in Marketing and Finance. He began his financial advising career at Smith Barney (now Morgan Stanley) in 1999. Prior to joining Morgan Stanley Ken was an analyst with Waterhouse Securities and a mortgage broker with Ameriquest Mortgage.
With meticulous attention to detail, Ken builds customized wealth management plans that are carefully crafted to help meet each client’s unique needs, objectives, and risk tolerance. Throughout this process, he maintains a high level of communication with clients to ensure that their financial plans stay aligned with their vision for the future.
Outside of the office, Ken stays active playing soccer and golf.
Associate Vice President
Financial Advisor
Portfolio Management Associate
Financial Planning Specialist
Kenneth J. Bracht Jr. is a Portfolio Management Associate, Financial Planning Specialist, Financial Advisor, and partner of The Marshall Tepper Group at Morgan Stanley. With extensive experience in the financial services industry, he focuses on comprehensive financial planning for corporate executives, young professionals, business owners, individuals, and families.
A graduate of SUNY Plattsburgh, Ken earned a Bachelor of Science degree in Marketing and Finance. He began his financial advising career at Smith Barney (now Morgan Stanley) in 1999. Prior to joining Morgan Stanley Ken was an analyst with Waterhouse Securities and a mortgage broker with Ameriquest Mortgage.
With meticulous attention to detail, Ken builds customized wealth management plans that are carefully crafted to help meet each client’s unique needs, objectives, and risk tolerance. Throughout this process, he maintains a high level of communication with clients to ensure that their financial plans stay aligned with their vision for the future.
Outside of the office, Ken stays active playing soccer and golf.
Securities Agent: MA, DC, FL, CO, WA, VT, AZ, WY, NH, MI, TX, NY, IL, NC, ME, GA, CT, CA, WI, TN, OR, NV, NJ, VA, SC, MD, DE, RI, PA; General Securities Representative; Investment Advisor Representative
NMLS#: 1261866
NMLS#: 1261866
About Patrick J Valenti
Patrick Valenti is a Wealth Management Associate and key member of the Marshall/Tepper Group. Patrick is responsible for all client services and administrative functions. He is often the first person that current and prospective clients will talk to for their service needs. Prior to joining Morgan Stanley in 2019, Patrick held Client Service Associate and Operations Specialist positions at Ameriprise Financial. Here too, he held a client facing role which helped develop his knowledge and skill base in financial services.
Patrick is a graduate of Manhattan College where he received his BS in Finance and Economics. He is married, and in his spare time, he enjoys the outdoor activities such as snowboarding, water skiing, golf, hiking and walking with their dog Franklin.
Patrick is a graduate of Manhattan College where he received his BS in Finance and Economics. He is married, and in his spare time, he enjoys the outdoor activities such as snowboarding, water skiing, golf, hiking and walking with their dog Franklin.
About Stephen Miller
Stephen Miller is a Client Service Associate for the Marshall/Tepper Group and is responsible for the day to day operational duties servicing client's needs. Stephen is dedicated in delivering first class services to clients by utilizing the tools of the firm. Prior to joining the Marshall/ Tepper Group, Stephen served as a Listed Derivatives analyst for Morgan Stanley in Baltimore, Maryland.
Stephen graduated in 2021 from Rhodes College in Memphis, TN with a B.S. degree in Finance. As a student-athlete, Stephen had the opportunity to play Men's Lacrosse as the team's goalie. To this day, Stephen remains passionate about Lacrosse and his alma mater. Stephen also participated in the CFA Research Challenge, where he spent a semester researching and presenting his equity research. Outside of work, Stephen enjoys spending his time playing golf and basketball.
Stephen graduated in 2021 from Rhodes College in Memphis, TN with a B.S. degree in Finance. As a student-athlete, Stephen had the opportunity to play Men's Lacrosse as the team's goalie. To this day, Stephen remains passionate about Lacrosse and his alma mater. Stephen also participated in the CFA Research Challenge, where he spent a semester researching and presenting his equity research. Outside of work, Stephen enjoys spending his time playing golf and basketball.
Contact Jessica A Marshall
Contact Jerrold P Tepper
Contact Kenneth J Bracht
Wealth Management
From Our Team
Q4 2024 Newsletter
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Why Having a Goal Is Key to Investing
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
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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Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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Ready to start a conversation? Contact The Marshall / Tepper Group today.
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
5Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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 and other legal matters.
4Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
5Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
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Awards Disclosures
CRC 6491812 (04/2024)
