Phone:
(612) 340-6769(612) 340-6769
The Minnesota Group at Morgan Stanley
Direct:
(612) 340-6722(612) 340-6722
Our Mission Statement
Your Success is our Mission. Always.
Our Story
The Minnesota Group is a team of Financial Advisors with depth of experience across a broad spectrum of wealth management issues. Our team is committed to delivering comprehensive planning that addresses all aspects of our clients' financial well-being, including financial education, portfolio management, retirement planning, education funding, estate and tax strategies, wealth transfer, qualified retirement plan advisory, cash management, and lending.
As a client of The Minnesota Group, you benefit from a standard of care traditionally associated with a family office, coupled with the strength and resources of an industry leader. You can expect personalized service and ongoing evaluation of your financial and family situations in order that we may deliver solutions tailored to achieve both your short- and long-term goals.
Our team has experience advising through multiple market cycles, and has built an extensive professional network. We collaborate with your CPA, attorney, and other professional advisors to make life easier for you.
Our Services
- For those seeking wealth planning guidance, we have dedicated Financial Advisors and a Certified Financial Planner to serve as your "personal" chief financial officer, creating a comprehensive roadmap that seeks to ensure financial success over multiple generations.
- For executives, we focus on the complexities of equity compensation and highly concentrated stock portfolios and help you understand how your equity compensation fits in to your overall financial picture.
- For families, we have a dedicated Family Wealth Advisor. We have the training and experience of working with all family members, especially spouses, children, and aging parents.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Retirement PlanningFootnote3
- Philanthropic ManagementFootnote4
- Alternative InvestmentsFootnote5
- Sustainable InvestingFootnote6
- Professional Portfolio ManagementFootnote7
- Business PlanningFootnote8
- Qualified Retirement PlansFootnote9
- 401(k) Rollovers
- Long Term Care InsuranceFootnote10
- 529 PlansFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Designations
At the Minnesota Group, we believe in being life-long learners. We continue to educate ourselves with the most up-to-date information to help provide the best financial services for you - our clients. Listed below are some designations and specialties of each of our dedicated team members. Take a look to see how we can better assist you in achieving your financial goals.
CFP® - Certified Financial Planner™ (David Sloane & Paul Rougeau)
The Certified Financial Planner™ designation is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement saving. CFP® professionals must accrue several years of experience related to delivering financial planning services to clients and pass a comprehensive exam before calling themselves a CFP® Professional and are held to strict ethical standards to ensure financial planning recommendations are in the best interest of their clients.
CIMA® - Certified Investment Management Analyst® (Greg Peterson)
The Certified Investment Analyst® (CIMA®) designation focuses on asset allocation, ethics, due diligence, risk measurement, investment policy, and performance measurement. Candidates must have at least three years of financial services experience and a satisfactory record of ethical conduct, as determined by Investments & Wealth Institute Admissions Committee.
CRPC® - Chartered Retirement Planning Counselor® (John Hupp & Greg Peterson)
The Chartered Retirement Planning Counselor® designation is a professional designation that is awarded by the College for Financial Planning that covers the entire retirement planning process, including meeting multiple financial objectives, sources of retirement income, personal savings, employer-sponsored retirement plans, income taxes, retirement cash flow, asset management, estate planning, and more.
Portfolio Management Director (Kevin Grahek)
Morgan Stanley's Portfolio Management program allows specialized advisors who have completed all components of the PM certification. These titles allow and empowers financial advisors to utilize certain capabilities typically reserved for money management firms.
CPWA® - Certified Private Wealth Advisor® (John Hupp)
Certified Private Wealth Advisor® (CPWA® ) is a certification given to financial professionals who service high net worth clients. A CPWA® can potentially help clients develop strategies for minimizing taxes, growing and protecting assets, and transitioning their wealth to others. In addition to experience and expertise, they can potentially support you when you face making emotional or tough financial decisions.
Equity Compensation - Workplace Advisor (David Sloane, Kevin Grahek, John Hupp, Laura Feintech & Tony Nace)
The Workplace Advisor-Equity Compensation designation stems from success working with corporate executives who receive Restricted Stock Units, Performance Stock Units, Non-Qualified Options, Incentive Stock Options, and other equity awards as part of their compensation. Many of these conversations revolve around tax implications for different strategies of exercising, selling, buying, or holding their equity awards.
CPM® - Chartered Portfolio Manager®
Chartered Portfolio Manager® is a professional designation offered by the Global Academy of Finance and Management (GAFM). A CPM® is someone who has a focus in portfolio management and can carry out investment decisions on behalf of individuals and institutions.
Financial Planning Specialist
The Financial Planning Specialist designation identifies those Morgan Stanley Financial Advisors who have met the experience and ethical requirements, have successfully completed financial planning coursework and have passed the Financial Planning Specialist examination designed to provide Financial Advisors with the expertise necessary to address the wide range of financial issues confronting high net worth individuals, as well as individuals who are aggressively seeking to increase their wealth.
Resources
What Should I Do With My Money Podcast
Listen Here
Thoughts on The Market
Read Here
CashPlus
Learn More
2025 Tax Tables
Read Here
2025 Retirement Plan Guide
Read Here
Family Constitution and Bylaws
Read MoreLocation
225 South 6th St
Ste 5300
Minneapolis, MN 55402
US
Direct:
(612) 340-6722(612) 340-6722
Fax:
(612) 340-1773(612) 340-1773
380 Saint Peter Street
Suite 1000
Saint Paul, MN 55102
US
Direct:
(612) 340-6722(612) 340-6722
Meet The Minnesota Group
Senior Vice President, Financial Advisor, Family Wealth Advisor, Portfolio Management Director
Phone:
(612) 340-6777(612) 340-6777
Phone:
(612) 217-5346(612) 217-5346
Associate Vice President, Financial Advisor, Alternative Investments Director, Financial Planning Specialist, Portfolio Manager, Workplace Advisor - Equity Compensation
Melissa Korzenowski
Portfolio Associate
Phone:
(612) 340-6758(612) 340-6758
Paul Rougeau, CFP®
Registered Client Service Associate
Phone:
(612) 340-6722(612) 340-6722
About Greg Peterson
With 30 years of experience as a financial advisor, Greg has come to believe that we can best serve clients by keeping the investment process simple while encouraging discipline and patience. Greg is a Phi Beta Kappa, summa cum laude graduate of St. Olaf College. After doing graduate work at Harvard University, Greg earned his law degree, cum laude, from the University of Minnesota. Greg practiced business law for eight years before resigning a shareholder position to pursue his avid interest in the financial markets (he is non-practicing at Morgan Stanley.)
Greg is a Certified Investment Management Analyst® professional through the Wealth & Investments Institute in conjunction with the Wharton School of Business. Greg and his wife, Heidi, live in North Oaks, near their three adult daughters and their families. On his ideal day off, Greg might be found golfing, fly-fishing, or reading good fiction.
Greg is a Certified Investment Management Analyst® professional through the Wealth & Investments Institute in conjunction with the Wharton School of Business. Greg and his wife, Heidi, live in North Oaks, near their three adult daughters and their families. On his ideal day off, Greg might be found golfing, fly-fishing, or reading good fiction.
Securities Agent: KS, NM, NJ, MI, MD, HI, DE, TN, NC, IN, CO, WA, MO, MA, LA, ID, WI, MN, NE, IA, WY, WV, VA, TX, IL, NY, MT, RI, PA, OR, GA, DC, CA, SC, ND, FL, AZ, AR, AK, UT; General Securities Representative; Investment Advisor Representative
NMLS#: 533338
NMLS#: 533338
About Kevin Grahek
Kevin has extensive experience working with high net worth families to bring clarity to their financial well-being by helping them build, preserve, and transfer their wealth. Portfolios are constructed utilizing a disciplined approach and the resources of Morgan Stanley in seeking to provide the returns required to meet established goals while also controlling risk. Through extensive communication, Kevin makes a point to provide clarity and transparency to make clients feel confident and comfortable they are making educated decisions.
Kevin started his financial career in 1983 with Piper Jaffray in Minneapolis, MN where he held various senior management positions including Branch Manager and Director of Investment Products and Services. Wanting the gratification of working with individuals and their families, he was recruited by Morgan Stanley in 2008.
In 2018, Kevin founded The Minnesota Group and is excited for its continued growth. Being an early riser, Kevin is always the first person in the office. At 6:30am you can find him reading the latest financial news and analyzing securities to implement into the portfolios he manages.
A life-long Minnesota resident, Kevin graduated from the University of Minnesota - Carlson School of Business and received his MBA from the University of St. Thomas. He and his wife, Beth, have a son and two daughters that also live in the Minneapolis/St. Paul area. Outside the office you can find Kevin attending sporting events, cheering for the Minnesota Gophers, and reading.
Kevin started his financial career in 1983 with Piper Jaffray in Minneapolis, MN where he held various senior management positions including Branch Manager and Director of Investment Products and Services. Wanting the gratification of working with individuals and their families, he was recruited by Morgan Stanley in 2008.
In 2018, Kevin founded The Minnesota Group and is excited for its continued growth. Being an early riser, Kevin is always the first person in the office. At 6:30am you can find him reading the latest financial news and analyzing securities to implement into the portfolios he manages.
A life-long Minnesota resident, Kevin graduated from the University of Minnesota - Carlson School of Business and received his MBA from the University of St. Thomas. He and his wife, Beth, have a son and two daughters that also live in the Minneapolis/St. Paul area. Outside the office you can find Kevin attending sporting events, cheering for the Minnesota Gophers, and reading.
Securities Agent: MA, DC, WA, SC, MI, IL, TX, NJ, CA, WV, TN, MO, FL, WI, PA, IN, ID, MN, UT, IA, GA, NY, AZ, OH, ND, MD, DE, CT, WY, VA, OR, MT, LA, CO, AR, NE; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1413973
NMLS#: 1413973
About John Hupp
From strategic planning, to raising private equity capital, to finding successful exit strategies for stakeholders, John’s breadth of experience in the business world gives him valuable insights into the needs of business owners and the skill set to become your primary Financial Advisor.
John is a CPWA®, Financial Advisor focusing on advanced estate and tax planning strategies for his clients. He started his career as an attorney and advanced from in-house counsel and senior project manager to President and CEO of both public and private companies.
John graduated from the University of Illinois in Russian Area Studies and has his law degree from the College of Law at the University of Illinois (he is non-practicing at Morgan Stanley.) He is married, has three adult children, and lives in Edina. He enjoys online chess and plays the drums, saxophone and occasionally sings with the nominally-acclaimed band “The Mediocritones.”
John is a CPWA®, Financial Advisor focusing on advanced estate and tax planning strategies for his clients. He started his career as an attorney and advanced from in-house counsel and senior project manager to President and CEO of both public and private companies.
John graduated from the University of Illinois in Russian Area Studies and has his law degree from the College of Law at the University of Illinois (he is non-practicing at Morgan Stanley.) He is married, has three adult children, and lives in Edina. He enjoys online chess and plays the drums, saxophone and occasionally sings with the nominally-acclaimed band “The Mediocritones.”
Securities Agent: DE, MT, MO, WA, SC, DC, AR, LA, WY, WV, AZ, NE, ND, MD, CO, CA, TX, NJ, MI, IL, WI, NY, MA, HI, FL, PA, IN, UT, VA, TN, OR, MN, ID, IA, GA; General Securities Representative; Investment Advisor Representative
NMLS#: 710599
NMLS#: 710599
About Laura Peterson Feintech
Laura Peterson Feintech joined The Minnesota Group at Morgan Stanley after a career with the federal government which took her to overseas postings in Africa and Asia. As a result of her many years as a public servant, Laura has a strong sense of mission and service, and applies those values to her work with clients. Laura works collaboratively with her clients to create meaningful financial plans incorporating their values to help achieve life and wealth goals.
Bringing her own life experiences to her practice, Laura works with the specific needs of veteran and retired government clients, international families, and independent women. As a daughter of a Navy veteran and in planning her own exit from government, Laura has firsthand experience navigating the complexities of government benefits. Similarly, Laura has helped divorced and widowed clients prepare for new financial stages of life.
Laura is a graduate of Reed College and Johns Hopkins School for Advanced International Studies and speaks Mandarin Chinese and Japanese. Originally from Iowa but having lived in eight states and four countries outside the U.S., Laura and her husband have planted roots in Saint Paul with their two daughters and rescue dog. Laura and her family have fully embraced Minnesota’s many seasons, and in winter you may find her snowshoeing, skiing, skijoring, or enjoying a sauna. In summer Laura is an active soccer mom and runner.
Bringing her own life experiences to her practice, Laura works with the specific needs of veteran and retired government clients, international families, and independent women. As a daughter of a Navy veteran and in planning her own exit from government, Laura has firsthand experience navigating the complexities of government benefits. Similarly, Laura has helped divorced and widowed clients prepare for new financial stages of life.
Laura is a graduate of Reed College and Johns Hopkins School for Advanced International Studies and speaks Mandarin Chinese and Japanese. Originally from Iowa but having lived in eight states and four countries outside the U.S., Laura and her husband have planted roots in Saint Paul with their two daughters and rescue dog. Laura and her family have fully embraced Minnesota’s many seasons, and in winter you may find her snowshoeing, skiing, skijoring, or enjoying a sauna. In summer Laura is an active soccer mom and runner.
Securities Agent: AZ, OR, NC, MN, IN, FL, AR, VA, PA, NM, WA, TX, OH, NJ, ND, MT, IL, CO, MD, MI, RI, KY, DE, WY, WI, TN, SC, NY, MA, IA, HI, WV, NE, MO, DC, CA, LA, GA, UT, ID; General Securities Representative; Investment Advisor Representative
NMLS#: 2292947
NMLS#: 2292947
About Tony Nace
Tony is a Founding Member of The Minnesota Group where he is responsible for analyzing portfolios and creating customized financial plans. Thorough in nature, he practices transparency and provides financial education by delivering a simplified blueprint that can help families to achieve and experience their financial goals.
Formerly, Tony worked as a Project Manager for Target in Brooklyn Park, MN where he analyzed the finances of multi-million dollar projects, developed cost savings synergies, and found his passion for finance. Soon later Tony found himself working at an investment bank in Minneapolis, MN where he was responsible for analyzing equity portfolios. Wanting to combine his passion for the markets and project management, Tony was recruited by Morgan Stanley in 2016.
Tony earned his undergraduate degree in Economics and Management from St. Olaf College in Northfield, MN and received Executive Education in Financial Management from University of St. Thomas Opus College of Business in Minneapolis, MN.
Born and raised in Southern Minnesota. Tony is very proud of his roots and in his office proudly displays a Hormel Spam Can. A sports and outdoors enthusiast, you can find Tony fishing, playing ice and roller hockey, skiing, biking, and golfing. Tony previously volunteered time as a youth hockey coach and in elementary schools where he helped struggling math students reach grade level competency.
“I get great satisfaction from helping people. Whether that is developing youth hockey players to always play for the greater good of the team and give a 100% effort in everything they do, both on and off the ice, to struggling math students, building their confidence working with numbers. I find that individuals get distracted by the forces in which they have no control. I help people identify those distractions and emphasize concentrating and acting on what they can control.”
Formerly, Tony worked as a Project Manager for Target in Brooklyn Park, MN where he analyzed the finances of multi-million dollar projects, developed cost savings synergies, and found his passion for finance. Soon later Tony found himself working at an investment bank in Minneapolis, MN where he was responsible for analyzing equity portfolios. Wanting to combine his passion for the markets and project management, Tony was recruited by Morgan Stanley in 2016.
Tony earned his undergraduate degree in Economics and Management from St. Olaf College in Northfield, MN and received Executive Education in Financial Management from University of St. Thomas Opus College of Business in Minneapolis, MN.
Born and raised in Southern Minnesota. Tony is very proud of his roots and in his office proudly displays a Hormel Spam Can. A sports and outdoors enthusiast, you can find Tony fishing, playing ice and roller hockey, skiing, biking, and golfing. Tony previously volunteered time as a youth hockey coach and in elementary schools where he helped struggling math students reach grade level competency.
“I get great satisfaction from helping people. Whether that is developing youth hockey players to always play for the greater good of the team and give a 100% effort in everything they do, both on and off the ice, to struggling math students, building their confidence working with numbers. I find that individuals get distracted by the forces in which they have no control. I help people identify those distractions and emphasize concentrating and acting on what they can control.”
Securities Agent: MO, MA, TX, MN, GA, FL, CO, AL, VA, NY, NH, MI, LA, ID, HI, DE, UT, TN, PA, NV, MD, WY, CA, WA, OH, IA, AR, WI, SD, SC, OR, NM, ND, MT, DC, AK, WV, NE, IN, IL, CT, AZ, NJ; General Securities Representative; Investment Advisor Representative
NMLS#: 1824417
CA Insurance License #: 0N04801
NMLS#: 1824417
CA Insurance License #: 0N04801
About Melissa Korzenowski
Melissa is a Portfolio Associate and works alongside David and Tony. She has 32 years of industry experience. 25 years of her career have been at Morgan Stanley. Melissa has held several long-term positions at Morgan Stanley including Senior Registered Associate and Mid-level Management positions. She has been a Complex Manager Assistant, Branch Administrator, Compliance and Risk Administrator and Branch Manager's Assistant. She is Series 7, 63, 9 and 10 licensed.
Melissa resides in Plymouth, MN and enjoys spending time with family and friends.
Melissa resides in Plymouth, MN and enjoys spending time with family and friends.
About Paul Rougeau, CFP®
Paul joined the Minnesota Group at Morgan Stanley in 2022 as a Registered Client Service Associate. His role is to facilitate an exceptional client experience that seamlessly integrates our full spectrum of wealth management advice, products, services and technology for the specific needs of our individual, family and business clients. Paul works with all Minnesota Group team members to coordinate this effort.
Paul hails from Canada and graduated from McGill University in Montreal where he earned a BEng (Bioresource Engineering) degree and was a member of the National Championship lacrosse team. After graduation, Paul made the transition to the financial services industry and led an operations team at Ameriprise Financial.
In his free time, you may find Paul at the gym trying to maintain what form he can keep from his days as a college athlete, spending time with his dog Savannah, cheering on the Winnipeg Jets, as a true Canadian should, and/or wakeboarding or cross-country skiing, depending on the season.
Paul hails from Canada and graduated from McGill University in Montreal where he earned a BEng (Bioresource Engineering) degree and was a member of the National Championship lacrosse team. After graduation, Paul made the transition to the financial services industry and led an operations team at Ameriprise Financial.
In his free time, you may find Paul at the gym trying to maintain what form he can keep from his days as a college athlete, spending time with his dog Savannah, cheering on the Winnipeg Jets, as a true Canadian should, and/or wakeboarding or cross-country skiing, depending on the season.
Contact Greg Peterson
Contact Kevin Grahek
Contact John Hupp
Contact Laura Peterson Feintech
Contact Tony Nace
Wealth Management
From Our Team
Donor Advised Funds: A Smart Way to Manage Your Giving
Wealth Management
Global Investment Office
Portfolio Insights
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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
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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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
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Financial Planning for Life After Selling a Business
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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.
Ready to start a conversation? Contact The Minnesota Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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.
3When 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.
4Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
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, charitable giving, philanthropic planning and other legal matters.
5Alternative 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.
6The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
8Morgan 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.
9When 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.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
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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.
3When 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.
4Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
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, charitable giving, philanthropic planning and other legal matters.
5Alternative 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.
6The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
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.
8Morgan 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.
9When 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.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
11Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
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Awards Disclosures
CRC 6491812 (04/2024)
