William McCleneghen
Senior Vice President, Wealth Management, Financial Advisor
Phone:
(561) 393-1893(561) 393-1893
Industry Award WinnerOur Mission Statement
We help empower you in an effort to achieve financial success by navigating life’s inevitable transitions with more confidence and control. We do this by leveraging the deep experience of our team and the world-class resources of Morgan Stanley.
Our Story and Services
Thanks to our clients, we have been recognized as one of Forbes Best-ln-State Wealth Management Team in 2026!
2026 Best-In-State Wealth Management Teams
Source: Forbes (Awarded Jan 2026) Data compiled by SHOOK Research LLC based for the period 3/31/24-3/31/25.
Backed by the resources of a global powerhouse, The McCleneghen-Litrento Group at Morgan Stanley works hard to provide clients with the finest financial thinking, products, and execution through tailored advice and world-class wealth management services. We identify key issues and leverage our team's experience and world-class resources to help deliver strategies and solutions that can meet our client's investment objectives.
Our mission is to help our clients efficiently attain their life goals and make wise investment decisions through professional relationships based on uncompromising integrity, trust, and personalized service. We are dedicated to providing our clients with the resources needed, and strive to enhance their financial and social capital, while seeking optimization and preservation of their legacy.
Services Include
- Retirement PlanningFootnote1
- Trust ServicesFootnote2
- Alternative InvestmentsFootnote3
- Business PlanningFootnote4
- Estate Planning StrategiesFootnote5
- Fixed IncomeFootnote6
- Professional Portfolio ManagementFootnote7
- Corporate Retirement PlansFootnote8
- Cash Management and Lending ProductsFootnote9
- Long Term Care InsuranceFootnote10
- Life InsuranceFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Planning Deep Dive
The McCleneghen-Litrento Group's financial planning process begins with an information gathering session to understand your investment objectives and your financial goals. Bill and Mike have dedicated their careers to ensure every client has an individual financial approach that will encompass investments, cash management needs, and all parts of financial life to make sure they align with your goals and wealth management plan.
Our process is designed to adapt to your evolving financial goals. Bill and Mike will consistently monitor, modify, and update these plans. Quarterly or semi-annual reviews will be conducted to ensure your goals are on track with the changing circumstances of your life.
Our process is designed to adapt to your evolving financial goals. Bill and Mike will consistently monitor, modify, and update these plans. Quarterly or semi-annual reviews will be conducted to ensure your goals are on track with the changing circumstances of your life.
Goals Planning System
Goals Planning System (GPS) is Morgan Stanley's own integrated planning tool. Built on the firm's intellectual capital and capabilities, GPS is an intuitive and efficient platform used to quickly assess whether a client is "On Track" to achieving their financial goals.
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Strategy- Intelligent Withdrawals
It is vital to look at your entire portfolio and coordinate liquidation to help reduce the impact of taxes and potentially improve investment results. We are backed by sophisticated technology that enables us to look across multiple accounts and products to determine the right combination of securities and positions to sell for client needs.
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Education Planning
They're tax friendly, flexible and available to anyone. Yet, 529 education savings plans are still underused. Here are five things that parents, grandparents and anyone hoping to get a leg up on college costs need to know.
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Retirement Planning
While retirement may still be decades away, it’s essential to start planning and saving for the life you want. The path to your ideal retirement may have some twists and turns, but smart planning can help you reach your destination.
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Insurance
We take close examination at your financial profile to determine what type(s) of insurance most fit your needs and if your current insurance policies are best suited for you and your goals.
What We Provide
The McCleneghen-Litrento Group prides itself on being able to provide a wide variety of services to its clients weather it is retirement planning, planning for your children's future, tax planning and more. Below are many more services we provide and a quick introduction to our financial planning process.
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 consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available below.
Services We Provide
FINANCIAL PLANNING: Goal Setting Analysis, Retirement Income, Debt Analysis, Special Circumstances
INVESTMENT PLANNING: Security Recommendations, Economics, Asset Allocation Tax Efficient Investing
WEALTH PLANNING: Next Generation Planning, Legacy/Gift Planning, Philanthropic/ Charitable Planning, Family Governance
EXECUTIVE PLANNING: Incentive Compensation, Stock Options, Concentrated Positions, Stock Monetization
Our Tailored Process
DISCOVER: First we listen to you and learn all about what is important to you and your financial goals.
DEVELOP: Next, we look at current investments and use the provided information to build a plan suitable for your needs.
TRACK: Over time, we will Monitor, Modify, and Update the plan in place, to make sure it is on track.
REVIEW & UPDATE: Quarterly or semiannual reviews will be conducted to make any desired changes to your plan.
Modern Wealth Management Tools
Leveraging advanced analytical tools as well as the extensive resources of Morgan Stanley, The McCleneghen-Litrento Group can help you achieve your desired goals and bring you confidence in your financial future. The modern wealth management tools that we have adopted speak to our wealth management investment strategy and philosophy. We have provided descriptions about some of the technological tools we use down below:
Total Wealth View
With this service, you can view all your assets and liabilities together – whether held at Morgan Stanley or elsewhere – in one place for a comprehensive overview of your assets.
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Morgan Stanley Online (MSO)
When you sign up for MSO, you can conveniently and securely manage your account online or on your mobile device.
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Morgan Stanley Mobile App
The Morgan Stanley Mobile App gives you the same capabilities as Morgan Stanley Online – all from the convenience of your own phone. It also offers features to simplify your everyday finances.
Learn MoreGoals Planning System (GPS)
GPS is our financial planning software. It helps define what you want out of life, so we can create a financial framework to bring these goals to fruition.
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E-Authorization
With E-Authorization, you no longer need to sign a paper Letter of Authorization (LOA) to authorize a wire transfer request.
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E-Sign
E-Sign is a digital, paperless alternative to the traditional means of obtaining signatures for necessary paperwork. There is no registration process to begin using E-Sign - all you need is a valid email address and phone number.
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E-Delivery
E-Delivery allows you to securely save, print, send and receive documents at any time from both Morgan Stanley Online and the Morgan Stanley Mobile App.
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Digital Vault
The Digital Vault allows you to build a centralized library for all of your documents using encryption.
Learn MoreIn the Markets
We strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We are firm believers of giving our clients as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
Slimmon's Take
Andrew Slimmon, lead portfolio manager of the Applied Equity Advisors suite of funds and strategies shares his takeaways and key expectations on the financial markets.
Read More
Morgan Stanley Ideas Podcast
From the use of satellite data technology to solve some of the world's most complex problems, to learning how not to follow the crowd when making decisions, The Morgan Stanley Ideas Podcast brings you revealing stories about the world of business, finance, technology and beyond. Click the link below for more information and to access a library of interesting content.
Listen here
Wealth Management Portfolio Insights
Timely market commentary, thought leadership, and portfolio ideas to help guide your investment decisions.
Read More
The Morgan Stanley Minute
Explore our 1-minute investment insights videos, in this on-going series, from our firm’s leading thinkers. Discover current investment trends and topics like green bonds, active investment, monetizing small businesses, cybercrime and more.
Watch hereLocation
4855 Technology Way
Suite 600
Boca Raton, FL 33431
US
Direct:
(561) 393-1893(561) 393-1893
Meet The McCleneghen-Litrento Group
Michael Litrento
Senior Vice President, Wealth Management, Financial Advisor
Phone:
(561) 393-1879(561) 393-1879
Perri Hazan
Portfolio Associate
Phone:
(561) 393-1840(561) 393-1840
Ilona Fialkin
Senior Registered Associate
Phone:
(561) 243-2229(561) 243-2229
About William McCleneghen
William (Billy) McCleneghen is a Senior Vice President and seasoned Financial Advisor with a career spanning nearly three decades. Since 2013, he has been a senior partner of the McCleneghen-Litrento Group at Morgan Stanley, where he leverages his extensive experience to build enduring relationships with clients, helping them identify and achieve their financial goals. Billy's passion for the financial industry was sparked at a young age, with an early interest in the stock market and personal investing even before finishing high school.
Billy's journey into the financial services industry began in 1997 at Merrill Lynch, following the successful sale of his limousine business. His entrepreneurial spirit and dedication to client service have been the cornerstones of his approach, which emphasizes accessibility and personalized attention. Clients often commend Billy and his team for their dedication and availability, turning professional relationships into lasting friendships.
Together with his partner, Mike, and their invaluable client service associates, Perri and Ilona, Billy ensures that each client receives tailored solutions to their financial needs. This collaborative team structure is a testament to their commitment to exceptional client service.
Billy holds a Bachelor of Science degree in Business Administration and Public Relations from the University of Alabama. Roll Tide!
Outside of his professional life, Billy is deeply committed to his community. He actively participates in philanthropic organizations such as the Kids Cancer Foundation, Mission Fishin, The Lyme Disease Foundation, and the Oakstone Academy. A cancer survivor himself, Billy's involvement in these causes is both personal and profound.
Residing in Delray Beach, FL, with his wife Marina and their beloved Labrador Retriever, Maya, Billy cherishes his South Florida roots. He enjoys spending his free time boating, fishing, and scuba diving, sharing his love for the ocean with family and friends. Billy's close-knit family, including his siblings and their families, gather regularly for Sunday dinners.
Billy's journey into the financial services industry began in 1997 at Merrill Lynch, following the successful sale of his limousine business. His entrepreneurial spirit and dedication to client service have been the cornerstones of his approach, which emphasizes accessibility and personalized attention. Clients often commend Billy and his team for their dedication and availability, turning professional relationships into lasting friendships.
Together with his partner, Mike, and their invaluable client service associates, Perri and Ilona, Billy ensures that each client receives tailored solutions to their financial needs. This collaborative team structure is a testament to their commitment to exceptional client service.
Billy holds a Bachelor of Science degree in Business Administration and Public Relations from the University of Alabama. Roll Tide!
Outside of his professional life, Billy is deeply committed to his community. He actively participates in philanthropic organizations such as the Kids Cancer Foundation, Mission Fishin, The Lyme Disease Foundation, and the Oakstone Academy. A cancer survivor himself, Billy's involvement in these causes is both personal and profound.
Residing in Delray Beach, FL, with his wife Marina and their beloved Labrador Retriever, Maya, Billy cherishes his South Florida roots. He enjoys spending his free time boating, fishing, and scuba diving, sharing his love for the ocean with family and friends. Billy's close-knit family, including his siblings and their families, gather regularly for Sunday dinners.
Securities Agent: SC, NH, NC, KY, WV, AZ, PA, NV, MI, MD, NJ, CT, MN, IL, GA, FL, OR, MA, TN, TX, CO, CA, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 1293998
CA Insurance License #: 4045306
NMLS#: 1293998
CA Insurance License #: 4045306
About Michael Litrento
Michael is a Senior Vice President, Financial Advisor and senior partner of the McCleneghen-Litrento Group since 2013. With a deep passion for financial markets, Michael is dedicated to helping his clients achieve their financial goals through an approach characterized by accessibility and comprehensive market knowledge. His commitment to constant communication and personalized service ensures that every client understands their investments and feels confident in their financial future.
Michael's journey into the financial services industry began in 2010, driven by his lifelong fascination with financial markets. His background in sports, including winning a national championship as a member of Lynn University's baseball team, instilled in him the values of hard work and perseverance, which he applies to his financial advisory practice.
Outside of his professional life, Michael is deeply committed to his community. He is a proud supporter of several charitable organizations, including the Kids Cancer Foundation, the Lyme Disease Foundation, Oakstone Academy, and Mission Fishin. His dedication to philanthropy is a testament to his beliefs about the importance of giving back.
Michael is happily married to Lauren Litrento, and they have two daughters, Shaelyn and Ainsley. Shaelyn is an avid equestrian and Ainsley is the families little athlete. Family is a cornerstone of Michael's life, and he cherishes their time together, whether it's camping or enjoying beach vacations. Born and raised in Florida, Michael has a strong network of connections across various industries, which he leverages to benefit his clients.
Michael holds a Master's degree in Business Finance from Lynn University in Boca Raton, FL. His educational background, combined with his professional experience, equips him to provide financial guidance to his clients.
Michael's journey into the financial services industry began in 2010, driven by his lifelong fascination with financial markets. His background in sports, including winning a national championship as a member of Lynn University's baseball team, instilled in him the values of hard work and perseverance, which he applies to his financial advisory practice.
Outside of his professional life, Michael is deeply committed to his community. He is a proud supporter of several charitable organizations, including the Kids Cancer Foundation, the Lyme Disease Foundation, Oakstone Academy, and Mission Fishin. His dedication to philanthropy is a testament to his beliefs about the importance of giving back.
Michael is happily married to Lauren Litrento, and they have two daughters, Shaelyn and Ainsley. Shaelyn is an avid equestrian and Ainsley is the families little athlete. Family is a cornerstone of Michael's life, and he cherishes their time together, whether it's camping or enjoying beach vacations. Born and raised in Florida, Michael has a strong network of connections across various industries, which he leverages to benefit his clients.
Michael holds a Master's degree in Business Finance from Lynn University in Boca Raton, FL. His educational background, combined with his professional experience, equips him to provide financial guidance to his clients.
Securities Agent: GA, CO, CA, TX, NV, SC, AZ, KY, PA, WV, TN, CT, NY, NH, NJ, NC, MN, MI, IL, OR, FL, MD, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 405505
CA Insurance License #: 4045307
NMLS#: 405505
CA Insurance License #: 4045307
About Perri Hazan
Perri Hazan is a dedicated Portfolio Associate for The McCleneghen-Litrento Group at Morgan Stanley, where she has been making a significant impact since 2021. With a total of eight years in the financial services industry, Perri brings a wealth of experience and a passion for helping high-net-worth clients achieve their financial goals. She is adept at processing client requests, answering inquiries, maintaining accurate documentation, and fostering both new and existing client relationships. Perri is also instrumental in conducting introductions and tutorial sessions for Morgan Stanley Online, the Morgan Stanley Mobile app, and Financial Plans.
Perri's journey in the financial sector began in 2017 when she took on a part-time role in banking while attending college. Starting as a teller, she quickly advanced to a banker position and pursued her licenses, including Series 7, 9, 10, and 66. Her commitment to professional growth led her to the Wealth Management side, where she thrives as a Client Service Associate (CSA).
Perri quickly became passionate in her role as she loves helping people and building lasting relationships. Her unique approach is characterized by constant communication, which sets her team apart and ensures clients receive the highest level of service. Her favorite aspect of the business is the opportunity to connect with clients and make a positive difference in their financial lives.
Outside of her professional life, Perri is happily married to Nick Sherritt, and together they have a son, Fletcher, who is the light of their lives. Family is of utmost importance to Perri, and she cherishes the time spent traveling and experiencing new adventures with them. She is also committed to giving back to the community through her involvement with organizations like Feeding South Florida and Boca Helping Hands.
Perri holds a Bachelor's Degree in Finance from Florida Atlantic University (FAU) in Boca Raton, FL. Her personal interests include spending quality time with family and exploring new experiences together.
Perri's journey in the financial sector began in 2017 when she took on a part-time role in banking while attending college. Starting as a teller, she quickly advanced to a banker position and pursued her licenses, including Series 7, 9, 10, and 66. Her commitment to professional growth led her to the Wealth Management side, where she thrives as a Client Service Associate (CSA).
Perri quickly became passionate in her role as she loves helping people and building lasting relationships. Her unique approach is characterized by constant communication, which sets her team apart and ensures clients receive the highest level of service. Her favorite aspect of the business is the opportunity to connect with clients and make a positive difference in their financial lives.
Outside of her professional life, Perri is happily married to Nick Sherritt, and together they have a son, Fletcher, who is the light of their lives. Family is of utmost importance to Perri, and she cherishes the time spent traveling and experiencing new adventures with them. She is also committed to giving back to the community through her involvement with organizations like Feeding South Florida and Boca Helping Hands.
Perri holds a Bachelor's Degree in Finance from Florida Atlantic University (FAU) in Boca Raton, FL. Her personal interests include spending quality time with family and exploring new experiences together.
About Ilona Fialkin
Ilona is a Senior Registered Associate. Her primary responsibilities are to provide services to high-net-worth clients and provide her strong administrative skills. She is firmly committed to long-term relationships and strives to deliver exceptional client service.
Ilona has been with Morgan Stanley for over 20 years and brings 40 years of industry experience. She holds her series 7 & 63 licenses. Her career began in the financial services industry in 1982 at Lehman Bros in New York City. She is originally from New York but has been living in South Florida for the past 20 years. Her children and family are her biggest priorities and joy in life. Additionally, Ilona loves giving back to people in need in her community and works with Feeding South Florida, Florence Fuller Foundation, and Boca Helping Hands.
Ilona has been with Morgan Stanley for over 20 years and brings 40 years of industry experience. She holds her series 7 & 63 licenses. Her career began in the financial services industry in 1982 at Lehman Bros in New York City. She is originally from New York but has been living in South Florida for the past 20 years. Her children and family are her biggest priorities and joy in life. Additionally, Ilona loves giving back to people in need in her community and works with Feeding South Florida, Florence Fuller Foundation, and Boca Helping Hands.
Contact William McCleneghen
Contact Michael Litrento
Hear From Our Clients
Having a Financial Advisor that you like is obviously important, but one who treats you like family is rare. That's what we have been shown since joining Mike and Bill. My wife and I went in to meet them to see if it was a good fit and that's all it took. They took the time to listen and cater to you, the client. It's not about what they want, it's about them doing what's best for you and it's not just said, it's proven! It is not just about dollars and cents, it is FAMILY. Best Decision!
David
Verified ClientJanuary 12, 2026
Bill McCleneghen, Mike Litrento and their terrific support team provide invaluable support to 3 generations of our family. From investment advisory services, home mortgage financing, business lines of credit to life insurance advisory services used as part of their financial planning support, we can always expect prompt, friendly and sound advice and support. We highly recommend Bill and Mike, Perri and Ilona to anyone looking for a complete service-oriented financial support team.
Robert
Verified ClientJanuary 13, 2026
Working with Mike Litrento has been an incredible experience and truly a turning point in my financial life. His knowledge in wealth management is exceptional. What sets him apart is his constant communication 24/7. Mike’s team is absolutely next level. Their willingness to help has given me a sense of security and support that I’ve never experienced with a financial advisor before. I highly recommend Mike to anyone looking for a trusted, knowledgeable, and truly dedicated financial advisor.
Brandon
Verified ClientJanuary 13, 2026
I have had the pleasure of working with Michael Litrento (and team) for about 10 years and cannot speak highly enough about the experience. He has always taken the time to listen to my goals and concerns, providing customized advice that truly fits my needs. He is always available to answer questions and provide support, making me feel like a valued client, not just another account. Thanks to Michael’s support, I am now on a solid path toward achieving my financial goals.
John
Verified ClientJanuary 13, 2026
I’ve worked with Mike and Billy for more than a decade, and over that time they have become true trusted advisors. Their thoughtful guidance and steady focus has been invaluable. We speak regularly to review performance and adjust our strategy together. They take a proactive, hands-on approach that gives me complete confidence in every decision we make. I know I have a team that genuinely looks out for me and my entire family, that level of trust is rare and truly valued.
Daniel
Verified ClientJanuary 13, 2026
Working with Mike, Bill, and their team has been one of the best decisions I’ve made for both my business and personal life. They truly act as the quarterback for everything financial. Their strategy, responsiveness, and attention to detail are unmatched. What really sets them apart is how thoughtful they are - they always check in and never miss important moments. I couldn’t recommend them more highly!
Brandan
Verified ClientJanuary 13, 2026
Working with the McCleneghen-Litrento group has been a privilege for my family and I. For over a decade they have served us with honesty, deep knowledge, and genuine commitment, always placing our interests first. Their constant communication and availability are reassuring, and their planning has helped us navigate markets in many ways throughout the years. We are truly happy and grateful for the trust, consistency, and friendship they show all of us every year.
Tim
Verified ClientJanuary 15, 2026
I’ve had an outstanding experience with the McCleneghen–Litrento Group at Morgan Stanley. From day one, they demonstrated professionalism and genuine care for my financial goals. They take time to understand the full picture—long-term objectives, risk tolerance, family needs, and legacy planning. I highly recommend them as trusted advisors who truly invest in their clients’ success.
Frank
Verified ClientJanuary 13, 2026
Working with Michael, Billy and their team has truly been a pleasure. They are proactive, not reactive. They understand our needs and the results have been great. We also appreciate how available and responsive they are. We wholeheartedly recommend them!
James
Verified ClientJanuary 13, 2026
Testimonial(s) are solicited by Morgan Stanley Wealth Management Canada and provided by current client(s) at the time of publication. No compensation of any kind was provided in exchange for the client testimonial(s) presented. Client testimonials may not be representative of the experience of other clients and are not a guarantee of future performance or success.
3846129 9/24
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2026 Forbes Best-In-State Wealth Management Teams Source: Forbes (Awarded Jan 2026) Data compiled by SHOOK Research LLC based for the period 3/31/24-3/31/25. Awards Disclosures
Wealth Management
Global Investment Office
Portfolio Insights
Ready to start a conversation? Contact The McCleneghen-Litrento Group today.
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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“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.
6Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
7Morgan 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.
8When 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.
9Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“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.
6Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
7Morgan 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.
8When 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.
9Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
