Our Story

Since establishing his practice in 1984, Will May has grown The May Group into a robust, highly knowledgeable and nimble team of professionals. From an established foundation backed by the vast resources of Morgan Stanley, our team operates with an entrepreneurial mindset, deftly anticipating our clients’ needs while delivering sound financial counsel with confidence and ease.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Workplace Advisor - Equity Compensation

As Morgan Stanley Workplace Advisors – Equity Compensation, we have specific training and education on company specific stock plans that uniquely positions us to service our clients. We assist our clients in determining how to best use their equity compensation in the context of a greater financial strategy that is tailored to their specific needs.

We answer questions on the full suite of workplace benefits. Learn more about our approach and some of the common types of equity compensation we deal with:
    Icon Image
    Our Approach
    When you own company equity, you become a shareholder in your company. Equity programs vary widely, so it's important to understand the details and how it fits into your financial plan.
    Learn more about our approach
    Icon Image
    Stock Options
    Employee Stock Options (ESOs) give an employee the right - not the obligation - to purchase company shares at a fixed, predetermined price. ESOs typically have a vesting period, during which the employee must remain with the company to be able to exercise the options.
    Learn more
    Icon Image
    Restricted Stock Units (RSUs)
    Another form of equity compensation, RSUs represent a promise by the company to issue shares of stock to an employee. When granted RSUs, they do not receive any actual shares of stock. They are instead awarded a number of units that represent the right to receive shares at a specified point in the future, and they tend to vest over a period of time.
    Learn more
    Icon Image
    Employee Stock Purchase Plans (ESPPs)
    An optional benefit offered by certain companies that allows employees to purchase company stock at a discounted price. ESPPs typically operate through payroll deductions, where employees contribute a portion of their salary to purchase company stock. They can be either qualified or non-qualified, each having different tax treatment.
    Learn more
    Icon Image
    Best-In-Class Rule 10b5-1 and 144 Transaction Serivces
    Morgan Stanley has been #1 in Rule 144 Sales and the #1 provider of 10b5-1 services over the last 18 years.

    Learn more about what sets our Executive Services apart.
    Read more
    Icon Image
    Covered Call Strategy
    A covered call strategy is an options trading strategy often employed by investors with concentrated stock positions. It is primarily used for income generation, risk mitigation, and enhancing the overall risk-return profile.
    Learn more

Our Clients

Corporate Executives
Over the years, we have provided corporate executives with nuanced financial advice, and strategize executive compensation, bonuses, deferred compensation, stock options and restricted stock. We understand the time and dedication it has taken to accumulate the money many executives have earned, and we make it our goal to assist them in navigating the complicated financial landscape.
Institutions
Our team provides astute financial counsel to institutions and corporations. We assist institutions on all ends of their financial picture by helping them manage resources effectively, develop investment strategies, and establish a sound risk management plan. For corporations, we manage retirement plans and ensure that they stay on track to meet its long-term goals.
Families
For families, we provide a wide range of services to help them reach their financial goals. We create comprehensive strategies that can include budgeting, investing, retirement planning, and estate planning – making sure to maintain flexibility for when unpredictable circumstances inevitably arise. With a boutique level of service, we provide ongoing support with regular check-ins that help to keep our clients on track.
Our clients come to us with the following questions:
• How do I ensure a secure and stress-free retirement in the midst of volatile markets
• When will I be able to retire?
• What are the potential risks associated with my equity compensation?
• How can I plan a secure future for my children?
• How can I diversify my portfolio when a significant amount of my net worth is tied up in equity compensation?
• What does the new tax law mean to my investments?
• How can I set aside assets to gift and still maintain my current lifestyle?

Our Suite of Services

    Icon Image
    Wealth Consulting
    We provide comprehensive financial advice to high-net-worth individuals and families. By taking the time to get to know our clients, we understand what makes their situation unique. Through a well thought out investment strategy, we help clients navigate complex financial issues such as tax planning, estate planning, and risk management.
    Icon Image
    Executive Financial Services
    We provide customized financial advice and support to high-level executives. Our financial guidance ranges from investment management, estate planning, retirement planning, and executive compensation packages including stock options and other forms of equity compensation.
    Icon Image
    Corporate Retirement Plans
    Businesses trust us to help them design, implement, and manage their employee retirement plans. We provide guidance on investment options, plan design and advise businesses on how to communicate the benefits of their retirement plans to their employees. By offering ongoing support, adjustments, and management of plan expenses, we help ensure the plan remains effective over time.
    Icon Image
    Philanthropic Services
    Our team offers guidance to individuals, families, and organizations interested in making charitable donations or establishing foundations. We help create philanthropic strategies on behalf of our clients that align with their values and goals. Also, we provide advice on and access to on tax-efficient giving strategies, such as donor-advised funds or charitable trusts.
    Icon Image
    Retirement Planning
    It’s never too early to prepare for retirement. We help our clients navigate a wide scope of retirement issues by estimating retirement expenses, determining retirement income needs, and creating a retirement savings plan. In addition, we work to optimize any Social Security benefits and manage retirement account distributions.
    Icon Image
    Financial Planning
    For wealthy individuals, it can be especially challenging to budget, save and invest efficiently. We work closely with our clients to develop a custom plan that addresses the specific needs they have for themselves and their families. Once the plan is in motion, we check in regularly to ensure that they are on track to reach their goals.

Make the most of your equity

We make it our goal to demystify equity compensation so that you can make the most of yours. To learn more about the basics of equity compensation, the different types of compensation packages from stock options to ESPPs, and different ways you can leverage your compensation within your larger wealth management strategy - consider exploring some of the resources below.

WORKPLACE FINANCIAL BENEFITS WITH MORGAN STANLEY AT WORK

Our mission is to help your company elevate your workplace financial benefits—helping you to attract and retain top talent. Our end-to-end solutions support your company and employees at any stage of growth through a powerful combination of modern technology, insightful guidance, and dedicated service.

    Equity Solutions

    Equity ownership is a powerful motivator. Streamline equity management through our leading-edge technology and provide global audit-ready reporting and insights, alongside customizable participant experiences to engage and educate your employees on how to make the most of their benefits. Our global solutions support private and public companies at any stage of growth.

    • Equity Administration and Financial Reporting
    • Liquidity Events
    • 409A Valuation Services and Cap Table Management

    Learn more
    Retirement

    For your employees, retirement is more than a date in the future—it's a milestone that takes time, hard work, and the right tools. Through our consultative process, we strive to assist with the management of your fiduciary responsibilities and risk, simplify plan management, and help you improve retirement readiness for your employees.

    • Defined Contribution Consulting
    • Solutions-Oriented Plans
    • Fiduciary Investment Oversight

    Learn more
    Deferred Compensation

    Access a range of Nonqualified Deferred Compensation plan services or pick the ones that best fit your needs. We provide recordkeeping and plan design, portfolio construction services, and plan education for your executive talent. We help you determine the appropriate plan design and inform a funding strategy through a needs-based assessment and consultative approach.

    Services include:

    • Recordkeeping and Plan Design
    • Portfolio Construction
    • Wealth Management Services
    Learn more
    Executive Services

    Our dedicated team provides concierge-level support for your executives' equity compensation plans, from 10b5-1 trading plans to form filing related to Rule 144 transactions, to access to wealth management and tax-optimization strategies, so helping them navigate their complex financial needs with greater confidence and certainty:

    • Equity Compensation Services
    • Equity Award Analysis
    • Specialized Solutions
    Learn more
    Saving and Giving

    Saving and Giving benefits can make a real difference in your employees' lives as they can support the things that matter most to them—like saving for education and repaying student loans. Show that you are committed to your employees' priorities with leading-edge solutions that help them chart a path toward financial well-being.

    • College Savings
    • Student Loan Repayment and Refinancing
    • Charitable Giving
    Learn more
    Financial Wellness

    We offer Financial Wellness with every solution we provide. Through a powerful combination of education, digital tools and guidance, Financial Wellness is designed to address the unique needs of your employees and empower their financial journey at every stage. Give your employees the confidence to take charge of their finances.

    • Financial Education
    • Digital Tools
    • Financial Guidance

    Learn more

Location

2400 Lakeview Pkwy
Suite 300
Alpharetta, GA 30009
US
Direct:
(800) 785-3144(800) 785-3144
Toll-Free:
(800) 785-3144(800) 785-3144

Meet The May Group

Photo of Adam Stowell

Adam Stowell

First Vice President, Business Development Director
Phone:
(770) 643-7696(770) 643-7696
Photo of Suzanne Rider

Suzanne Rider

First Vice President, Director of Business Strategy
Phone:
(770) 664-3414(770) 664-3414
Photo of Cristy Speer

Cristy Speer

Portfolio Associate
Phone:
(770) 643-7675(770) 643-7675
Photo of Jordan Yeater

Jordan Yeater

Registered Client Service Associate
Phone:
(770) 643-7673(770) 643-7673

About William May

William May is the Managing Director and founder of The May Group at Morgan Stanley, where he leads a distinguished team specializing in comprehensive wealth management solutions for corporate executives, Section 16 insiders, and board members. With over four decades of experience in the financial services industry, Will has built a reputation for delivering strategic guidance tailored to the complexities of equity compensation and stock plan administration.

Since joining Morgan Stanley in 1984, Will has been instrumental in developing customized financial strategies that address the evolving needs of executives across diverse sectors, including Energy, Financials, Healthcare, Industrials, Technology, and Utilities. A thought leader in the field, he co-founded and served as chapter president of the National Association of Stock Plan Professionals (NASPP) – Atlanta Chapter.

Under Will’s leadership, The May Group has grown into one of the premier advisory teams within Morgan Stanley. He holds a Bachelor of Science in Marketing from Georgia State University.

2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based on time period from 3/31/23-3/31/24
Securities Agent: AR, DE, PA, MO, LA, IN, HI, VI, OH, NY, NC, MN, MD, IA, CT, CO, AZ, WA, PR, OK, NH, KY, IL, UT, MT, GA, CA, WY, RI, ME, KS, VT, NJ, DC, VA, TX, TN, NM, ID, AL, WV, ND, MS, MI, MA, AK, OR, NV, NE, WI, SD, SC, FL; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1409799

About J. Michael Gray

J. Michael Gray is a Senior Vice President and Senior Portfolio Management Director at The May Group at Morgan Stanley, where he delivers comprehensive wealth management strategies tailored to corporate executives, entrepreneurs, and high-net-worth families. With over 16 years of experience, Michael has developed a reputation for his deep expertise in investment management, risk assessment, and financial planning, helping clients navigate the complexities of wealth accumulation, preservation, and transfer.

As both a Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP), Michael is committed to the highest standards of professional integrity and market expertise. His insights into wealth accumulation and preservation strategies empower clients to navigate complex financial decisions with confidence.

Outside of work, Michael is a fair-weather golfer, instrument rated private pilot, blue-water enthusiast, occasional mountaineer, and an amateur apiarist. Most importantly, Michael values his role as a husband and father. He and his wife have three daughters and are active in the Atlanta community as members of Johnson Ferry Baptist Church and with Orchard Resources, a faith-based nonprofit, where Michael serves as Chairman of the Board.

2024, 2023 Forbes America's Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State
Source: Forbes.com (Awarded 2023, 2024), data compiled by SHOOK Research LLC for the period 3/31/22 - 3/31/23.
2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based on time period from 3/31/23-3/31/24
Securities Agent: WY, NY, WI, VA, NH, SD, WV, WA, VT, VI, UT, TX, TN, SC, RI, PR, PA, OR, OK, OH, NV, NM, NJ, NE, ND, NC, MS, MO, MN, MI, ME, MD, MA, KY, KS, IN, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, MT, AR, AL, AK, LA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1279030

About William L May II

William L. May II is a Vice President and Senior Portfolio Manager at The May Group, where he specializes in designing and implementing customized financial strategies for individuals with concentrated holdings, entrepreneurs, and private foundations. Since joining Morgan Stanley in 2013, Bill has played a pivotal role in managing the group’s investment portfolios and driving business development initiatives.

Prior to his tenure at Morgan Stanley, Bill honed his expertise at NCR Corporation within the Manufacturing and Global Operations divisions. He serves on the board of North Metro Georgia Tech, helping to provide scholarships to incoming Georgia Tech students.

Bill earned a Bachelor of Science in Industrial Engineering with a Certificate in Finance from the Georgia Institute of Technology. Bill and his wife have two young children. The family lives in Peachtree Corners where they enjoy traveling and supporting their favorite sports teams.

2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based on time period from 3/31/23-3/31/24
Securities Agent: MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, ME, AR, AL, AK, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1285250

About Charles Shakar

Charles Shakar is a Financial Advisor and Financial Planning Specialist at The May Group, where he provides sophisticated wealth management solutions to corporate executives and entrepreneurs.

Charles joined the team shortly after beginning his career at Morgan Stanley and has since become an integral part of the client service experience. He assists clients with portfolio reviews, asset protection strategies, and philanthropic planning.

A native of Atlanta, Charles earned his degree from the University of Alabama, where he previously served on the local Alumni Chapter board. He resides in Alpharetta with his wife and three children and enjoys spending his free time on the golf course or with his family.

2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based on time period from 3/31/23-3/31/24
Securities Agent: KS, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, KY, CO, AK, AL, AR, AZ, CA, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN; General Securities Representative; Investment Advisor Representative
NMLS#: 1636244

About Adam Stowell

Adam Stowell brings nearly two decades of experience in banking and stock plan administration to his role as Business Development Director at The May Group. Beginning his career in banking in 2006, Adam transitioned in 2011 to specialize in stock plan administration and 10b5-1 plans, supporting corporate executives with equity transactions and ensuring adherence to complex regulatory requirements.
In his role, Adam leads business development efforts and provides strategic operational support to enhance The May Group’s ability to deliver high-quality, customized services. His experience in equity compensation strategy helps organizations optimize compensation structures, improve employee engagement, and maintain compliance.
Adam holds a Bachelor of Business Administration (BBA) in Management and a Master of Business Administration (MBA) from Kennesaw State University. In 2019, he earned the Certified Equity Professional (CEP) designation, highlighting his technical proficiency in equity compensation, tax considerations, and regulatory frameworks.

About Suzanne Rider

Suzanne Rider brings nearly four decades of financial services expertise to her role as First Vice President and Director of Business Strategy at The May Group. With a proven track record of leadership, operational excellence, and strategic vision, Suzanne plays an integral role in shaping the team’s approach to serving corporate executives and high-net-worth clients.
Before joining The May Group, Suzanne spent 32 years at Morgan Stanley in various senior roles, most recently as Market Business Service Officer for the Atlanta Perimeter Market. In this capacity, she oversaw service leadership, process improvement, and team culture, directly contributing to the success and efficiency of one of the firm’s most prominent markets. Her depth of experience and ability to streamline complex operations make her an invaluable resource for both clients and colleagues.
A native of Atlanta, Suzanne studied French and Business at Vanderbilt University. She is an avid cook, voracious reader, and dedicated NYT Games enthusiast. Suzanne and her husband share a recently empty nest and enjoy cheering on their four adult children as they pursue their own endeavors.

About Cristy Speer

With over three decades of experience in financial services, Cristy Speer serves as a Portfolio Associate at The May Group. She provides critical operational support, ensuring clients receive timely and accurate financial solutions, concierge level service and a seamless experience. Her strength in building deep and abiding relationships with our clients enhances her importance to the team.

Before joining The May Group in 2023, Cristy spent most of her 17 years here at Morgan Stanley in a similar role and also served as a Client Service Associate Coach, where she trained new associates and implemented best practices across the organization. Cristy resides in Cumming, GA, with her son and actively supports local animal shelters.

About Jordan Yeater

As a Registered Client Service Associate, Jordan Yeater plays a crucial role in delivering an exceptional client experience at The May Group. With a strong dedication to operational excellence and client engagement, Jordan helps ensure seamless service execution.

After earning a Bachelor of Science from Georgia College & State University in 2023, Jordan pursued her passion for customer service. She enjoys an active lifestyle in Alpharetta, including fitness, pickleball, and travel.
Wealth Management
Global Investment Office

Portfolio Insights

Read More about On the Markets
Read "On the Markets"
This is a video content

Equity Compensation

Helping you make the most of your equity awards and better understand how it may fit into your your larger financial picture – today and tomorrow.

  • Vesting events
  • Option expirations
  • Restricted stock units
  • Tax implications

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
Learn More about Family
Taking Control of Your Finances After Death of a Spouse
Article Image

Taking Control of Your Finances After Death of a Spouse

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

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
Learn More about Investing
2025 Global Economic Outlook: U.S. Policies May Temper Global Growth
Article Image

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

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

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
Learn More about Retirement
4 Financially Smart Ways to Take Money Out of Retirement Accounts
Article Image

4 Financially Smart Ways to Take Money Out of Retirement Accounts

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

Business Planning

Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
  • Succession Planning
  • Business Planning
  • Qualified Retirement Plans
Learn More about Business Planning
Financial Planning for Life After Selling a Business
Article Image

Financial Planning for Life After Selling a Business

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

Financial Wellness

Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
  • Reduce employee stress,
  • Improve retention and engagement, and
  • Set themselves apart by offering comprehensive financial wellness benefits.
Learn More about Financial Wellness
The Business Case for a Financially Resilient Workforce
Article Image

The Business Case for a Financially Resilient Workforce

In the face of turbulent markets, the word “resilience” may be top of mind. Broadly speaking, resilience is the ability to “bounce back” when encountering life’s inevitable challenges.
Ready to start a conversation? Contact The May Group today.
Market Information Delayed 20 Minutes
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

1When 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.

Back to top



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.

Back to top



3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

Back to top



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.

Back to top



5Morgan 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.

Back to top



6Morgan 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.

Back to top



7Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.

Back to top



Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.

The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.

Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.

The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

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

Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.

The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.

*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney.  The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.

Awards Disclosures
CRC 6491812 (04/2024)