Our Team

We believe that wealth management is more than just a wide range of financial services and solutions to choose from. As a team we have an emphasis on how those services are developed and delivered to help our clients maintain financial confidence knowing there’s a disciplined plan in place to manage their wealth.

With 79 years of combined experience in financial services, we provide a customized approach to wealth management that is shaped around the pursuit of each client’s unique needs and aspirations. This approach is facilitated by a goals based, solutions-driven approach and intensive personal service leveraged through the global resources of Morgan Stanley. We concentrate primarily on family wealth, pension planning, retirement income planning, asset management, estate planning and business succession planning strategies.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Significance of a Family Wealth Director

We leverage the versatile resources of Morgan Stanley and our resource partners to help you and your family maximize the value of their human capital by driving family wealth education, making it more likely that all members of the family will have the foundation and support they need to lead meaningful, fulfilled and engaged lives. A Family Wealth Director is a rare distinction, earned by less than 5% of Morgan Stanley’s 16,000 Financial Advisors. The designation is given to advisors who have undergone specialized training to complement their extensive experience working with ultra-high net worth families.
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    Estate Planning Strategies
    A fully integrated, comprehensive analysis of your balance sheet, estate plan, and investment strategy through a collaborative process including your Morgan Stanley Family Wealth Director, Wealth and Estate Planning Strategist and, at your request, your legal tax advisors.
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    Access to Cash Management and Lending Solutions
    We offer robust cash management and lending solutions to compliment your investment strategy.
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    Family Governance and Wealth Education
    We will help you address sensitive family issues, facilitate communication and manage your family dynamic to achieve a shared sense of common direction in coordination with your outside advisors.
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    Philanthropy Management
    We offer strategic advisory solutions to help you achieve your most ambitious philanthropic goals.
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    Lifestyle Advisory
    We can introduce you to knowledgeable, highly personal third-party providers to help address your acute needs from the everyday to the extraordinary.

A Customized Approach

Your family's dynamic, goals and risk tolerance are unique. Our process is tailored to meet your personal and financial needs and objectives.
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    Step 1: Discovery Process
    While every client's situation is unique, we begin by learning about you, your family and your financial complexities. What we learn helps us to formulate specific strategies and, of equal importance, it helps us customize the entire relationship to your preferences and requirements.
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    Step 2: Creation of a Customized Strategic Asset Allocation
    Managing wealth involves developing a customized asset allocation mix that reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans. This allocation becomes the basis for a long-term strategy formalized in your LifeView financial plan.
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    Step 3: Integration of Tactical Portfolio Adjustments
    These short-term adjustments in asset allocations seek to take advantage of opportunities created by temporary market distortions or reduce risk during periods of market stress. Before adjustments are made, we utilize proprietary risk analysis tools to determine the impact to overall portfolio risk as well as any tax consequences.
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    Step 4: Ongoing Portfolio Monitoring & Assessment of Wealth Management Neeeds
    Coordinating with you and any other advisors such as your CPA or estate attorney, we conduct regular ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.

Valuable Tools and Resources

We are committed to providing with important information about managing your wealth in today's fast pace environment. Learn more abbot our online platforms and take a look at our latest resources that focus on insights in the market.
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    Morgan Stanley Online
    Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
    Register for Morgan Stanley Online Today
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    Total Tax 365
    Taxes can be a substantial drag on investment returns. Morgan Stanley Total Tax 365 offers access to a broad range of tax-efficient strategies to help you integrate tax planning into your investment process all year long, maximize portfolio after-tax return potential and help keep more of what you earn.
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    529 Education Savings Plans
    529 plans offer a flexible, tax-advantaged way to invest for education expenses while helping to improve estate planning. Gain fiduciary oversight of your education funding strategy within the context of your broader portfolio through the exclusive Morgan Stanley National Advisory 529 Plan.
    529 Plan Options at Morgan Stanley
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    Donor Advised Funds (DAF)
    A tax-efficient way to donate more complex assets, simplify reporting, and maintain control over the amounts and timing of your charitable contributions. Bring philanthropy into your wealth plan and amplify the impact of your giving through the Morgan Stanley Global Impact Funding Trust (MS GIFT).
    MS GIFT
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    Portfolio Risk Platform
    Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
    Portfolio Risk Platform
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    Alternative Investments
    Our leading alternatives platform offers 160+ third-party and proprietary funds, including first look and exclusive opportunities, that may help qualified investors enhance returns, reduce volatility, manage taxes and generate income—while maintaining a goals-based approach for asset allocation.
    Morgan Stanley Alternative Investments
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    Capital Markets
    An integrated organization across fixed income, equities, and structured investments leveraging the thought leadership of Morgan Stanley Research and dedicated product specialists to identify key investment opportunities to help enhance the growth potential of diversified portfolios.
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    A $695 Annual Engagement Bonus
    For eligible Platinum CashPlus brokerage account clients with The Platinum Card® from American Express, exclusively for Morgan Stanley. Certain Morgan Stanley Debit Cardholders may also qualify. Terms apply.
    Click Here to Learn More

Modern Wealth Tools

Our goal is simple: “To be the firm with some of the most talented advisors in the industry leverage cutting-edge technology and deliver customized wealth management solutions to their clients and their families to help them to achieve their life goals.” The Firm strives to ensure it serves clients on its technology platforms that are resilient, safe, efficient, smart, fast and flexible.
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    Morgan Stanley Online
    Morgan Stanley Online (MSO) has a variety of digital features that help you keep track of your finances. They include:
    • Managing Everyday Finances: Take advantage of mobile check deposit, paying your bills online and sending money through Zelle.
    • Current Financial News: Gain access to up-to-date news, current market data, research, company profiles and quotes.
    Morgan Stanley Online
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    Total Wealth View
    It’s hard to see the complete picture with only half of the details. As a Morgan Stanley client, you can now conveniently view your accounts from other financial institutions in one location to give you and your financial advisor a full picture of your financial wealth and health. Log into Morgan Stanley Online or download the Morgan Stanley Mobile App to link and add external accounts.
    Total Wealth View
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    Spending & Budgeting
    Track spending habits, organize expenses and implement budgets across your Morgan Stanley and external financial accounts with our Spending and Budgeting Tool. We make it easy for you and your financial advisor to understand insightful trends in your financial life.
    Start Using the Tool Today
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    Digital Vault
    Keeping important documents and financial records organized and readily available is crucial when monitoring your financial condition and goals.

    The Digital Vault on Morgan Stanley Online and the Mobile App help you build a central, shared document library where all documents are readily accessible and stored with encryption for enhanced security.
    Digital Vault
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    Financial Planning
    Morgan Stanley Financial Planning can show you a single, comprehensive snapshot of your finances. We can help you create a wealth plan that’s adaptable to the different stages of your life using our award winning tools- Goals Planning System (GPS) and LifeView.
    Morgan Stanley Goals-Based Wealth Management

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

2365 Iron Point Road
Ste 235
Folsom, CA 95630
US
Direct:
(916) 983-8888(916) 983-8888
Toll-Free:
(833) 534-4430(833) 534-4430
1478 Stone Point Dr
Suite 500
Roseville, CA 95661
US
Direct:
(916) 797-7700(916) 797-7700
2365 Iron Point Rd.
Suite 235
Folsom, CA 95630
US

Meet The MosaicPointe Wealth Management Group

Photo of Shelly Tolle

Shelly Tolle

Senior Client Service Associate
Phone:
(916) 984-3302(916) 984-3302
Photo of Grant Stewart

Grant Stewart

Registered Client Service Associate
Phone:
(916) 797-7722(916) 797-7722

About Ronald "Ron" Tolle Jr.

As an Executive Director, Family Wealth Director and Portfolio Management Director, Ron concentrates his efforts on family wealth management & dynamics, estate planning, business succession & retirement income planning, and portfolio management strategies.

Drawing on over 33 years of experience in financial services, Ron provides a customized approach to wealth management that is shaped around the pursuit of each client’s unique needs and aspirations. This approach is facilitated by a goals based, solutions-driven approach and intensive personal service leveraged through the global resources of Morgan Stanley.

In an earlier career as a Naval Veteran, Ron served as a P3-C flight crew member at Moffett Naval Air Station with multiple deployments around the globe. He credits his military service with teaching him the importance of discipline and attention to details and applies them to his client relationships on a daily basis. After his discharge, Ron studied business and finance at California State University Chico. After leaving college, he spent several years with PepsiCo Inc. in the San Francisco bay area and began his career in financial services in 1990 with Shearson Lehman Hutton and joined Morgan Stanley in 2013.

Ron currently resides in El Dorado Hills, CA with his wife Shelly; together they have 3 adult sons. Ron volunteers his time & resources to the California State Alumni Association, Wounded Warriors, Wreath’s Across America and the American Heart Association. In his spare time, Ron enjoys fly fishing, mountain biking, golf, and traveling with his family.

Ron Tolle was named to Sacramento Magazine's 2023 FIVE STAR WEALTH MANAGER Award, this is his ninth year in a row awarded.

2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023) The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria. The award was not based on a specific time period.
Securities Agent: FL, GA, OH, NY, NV, UT, TN, CO, CA, DE, WY, WA, TX, OR, AK, SC, MT, MI, MN, HI, SD, AZ, NJ, NH, IA, WI, OK, NM, NC, ID, MA; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 311737
CA Insurance License #: CA Insurance Lic. #0A67365

About George Salidas

George has been a financial advisor since 2000 and is a qualified Portfolio Manager at Morgan Stanley as well as a Financial Planning Specialist. George has a 5 step process to determine goals, design a customized investment plan, implement and monitor progress.

George focus on advanced planning issues that high-net worth families face such as reducing taxes, protecting wealth, transferring wealth to heirs and supporting charitable causes.

From 1989 to 2000, George worked in the Tech sector and installed and implemented systems to digitize the media industry. These actions required detailed planning and precise execution to ensure success in a deadline intensive environment. George uses this experience and attention to detail when developing goal based financial plans for his clients.

George and his wife, Katie live in Granite Bay and have two kids, Alex and Madeline.
Securities Agent: WY, NJ, TN, MI, CO, AK, UT, NH, MN, MA, SD, DE, WI, OR, MT, GA, FL, OH, NM, ID, SC, HI, AZ, WA, TX, NC, IA, CA, OK, NV, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 2386858

About Me

As part of the MosaicPointe Wealth Management Group, Justin brings over 20 years of experience working closely with individuals, families, and companies. He is multi-faceted in his services with his main goal being to help his clients achieve their financial goals. His efforts are focused on providing the highest level of services regarding family wealth management, corporate qualified plan administration, business transition and exit planning strategies.

With his first five years spent on the operational side of the industry, Justin has a unique understanding and appreciation of the small details that go into creating, maintaining and overseeing a comprehensive financial plan. He works diligently to keep his clients informed of current market conditions so that they can remain confident and focused on their long term goals. Justin has earned the respected designations of Corporate Retirement Director, Chartered Retirement Plans Specialist ® and Certified Exit Planning Advisor ® further illustrating his knowledge and experience in the world of retirement strategy.

In 2022, Justin traded the sandy beaches of San Diego for a more rural lifestyle in Northern California. He and his wife, Kendall, who met while studying at UC Davis, have 5 amazing children and count themselves newly minted hobby micro farmers. Outside of the office, he enjoys coaching his kids’ various sports teams, taking quick trips up to Lake Tahoe, and the occasional round of golf. While family is his biggest pride and joy, his work and the relationships he has created with clients for over two decades are a close second.
Securities Agent: MA, OR, IA, TN, NC, FL, AZ, OK, NY, NM, NH, GA, NV, WY, OH, DE, CO, AK, WA, MT, MN, NJ, HI, UT, SD, SC, ID, CA, WI, TX, MI; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 2379441
CA Insurance License #: 0E47925

About Kenneth McCready

Ken believes, as with everything in life, Wealth Management starts with a foundation of planning. We have a recipe when we cook, a map when we travel, and one of the most important plans we make are the steps we take to achieve our financial goals and independence. Ken and his team take a service first approach, along with leveraging the full resources Morgan Stanley has to offer, to provide their clients with a custom strategy and the financial confidence that there is a disciplined plan to manage their wealth. As a Financial Planning Specialist, Ken starts the Wealth Management process with a comprehensive Financial Plan which helps to lay the foundation for the decisions that need to be made as his clients move through the various stages of their lives.


Prior to joining Morgan Stanley, Ken enjoyed a successful college and professional career in golf, which was unfortunately cut short due to a number of injuries. He played 5 years at the University of San Diego, winning two Division 1 tournaments in that time, while majoring in Business Marketing. He then moved to the professional ranks, playing on tours such as the Golden State Tour and the PGA Tour China, accumulating several wins along the way. A highlight to his golf career came when he reached the semi-finals of the USGA Mid-Amateur tournament, where he was one match away from a potential spot in the Masters at Augusta.


Ken currently resides in Cameron Park, CA with his wife Meghan, son Colby, and young daughter Hannah.. Ken volunteers his time as a golf coach for the Union Mine High School Boys and Girls teams. He enjoys fly fishing, hiking, yard work, and, of course, golfing.
Securities Agent: OK, NY, FL, TX, SC, NV, NC, CO, UT, MA, CA, AZ, AK, NJ, GA, IA, HI, MT, MN, DE, WA, TN, NM, ID, WY, SD, OR, NH, WI, OH, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 1842850

About Madeline Salidas

As a Financial Advisor and Financial Planning Specialist, Madeline focuses on providing clients with a comprehensive financial plan designed to meet their unique needs and goals.

Madeline began her career working with advisors throughout California and Nevada, assisting them with financial planning, risk, and cash flow analysis. Following that, Madeline joined the MosaicPointe Wealth Management Group, where she is able to draw on that experience to provide clients with a goals based, solutions driven approach to wealth management.

Madeline was born and raised in Northern California, and attended California Polytechnic State University, San Luis Obispo, where she studied finance and history. While in school Madeline was active on the women’s club basketball team. Madeline currently resides in Granite Bay, and enjoys reading, golfing, and spending time outdoors with friends and family.
Securities Agent: WY, IA, UT, NV, NM, AK, SC, NY, NC, MI, ID, AZ, WA, OR, MT, HI, GA, TN, OK, NH, DE, WI, TX, MA, FL, CO, CA, SD, OH, NJ, MN; General Securities Representative; Investment Advisor Representative
NMLS#: 2495661
CA Insurance License #: 4321351

About Shelly Tolle

Shelly is a Senior Client Service Associate with over 30 years’ experience in the financial services industry. Shelly is uniquely qualified to handle the full spectrum of her client’s service needs. She dedicates herself to make sure that she anticipates the needs and concerns of her clients before they ask, giving them the confidence that their financial well being is constantly looked out for. Shelly spent the first 20 years of her career in an Operational/Complex Administrator role in Management. Shelly credits this experience with helping her gain a bigger picture of the wealth management industry and the important role a client service team plays in giving client’s financial confidence.

Her vast experience in management and operational roles helps the team consistently deliver the highest level of personalized service that all clients deserve. Shelly’s passion for wealth management is rooted in her mission to provide service that is beyond ordinary. Regardless of the question, her motivation is knowing that clients place trust in what she does and that they truly value her guidance.

Shelly currently resides in Eldorado Hills, CA with her husband Ron; they have 3 adult sons. Outside of the office, Shelly enjoys spending time with her family, traveling, hiking, gardening and reading.

About Grant Stewart

Grant is a Registered Client Service Associate who has been with Morgan Stanley since April of 2020. He has spent time working with our Global Stockplan Services team in our Utah Service Center addressing the needs of corporate participants with their employer investment plans. Since moving to the Sacramento Market in late 2021, Grant has been designated as a banking and lending resource. This allows him to support advisors and clients with cash management needs. Grant has been working in the financial services industry since 2018 and is also both Series 7 and Series 66 registered.

Grant grew up in San Diego, Ca and graduated from University of Utah with his B.S. in economics. In his free time, Grant enjoys traveling, attending live sporting events, networking with colleagues and spending time with family and friends.

The Power of Partnerships

By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
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Sue Callantine

Private Banker

About Sue Callantine

Sue Callantine is a Private Banker serving Morgan Stanley Wealth Management offices in California.

Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.

Sue began her career in financial services in 1997, and joined Morgan Stanley in 2019 as a Private Banker. Prior to joining the firm, she was a Private Banker at Bank of the West. She also served as a Private Banker at Wells Fargo Bank, N.A. and Bank of America.

Sue is a graduate of the University of Alaska Anchorage, where she received a Bachelor of Business Administration in Management. She lives in Orangevale, California with her husband. Outside of the office, Sue enjoys gardening, reading and traveling. She also serves on the Hope Gala Board of Ambassadors for the American Cancer Society.
NMLS#: 619891
Wealth Management
Global Investment Office

Portfolio Insights

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

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
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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.

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
Learn More about Philanthropy
Donor Advised Funds: A Smart Way to Manage Your Giving 
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Donor Advised Funds: A Smart Way to Manage Your Giving 

There’s more to charitable giving than you may realize. Here’s one method that may be a tax-efficient way to give and can help maximize your impact.

Mosaic

Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
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A Change of Greenery

Houseplants add oxygen, flair, and warmth year-round, and the right one in the right space can do just as much for a room as any painting or side table.

Retirement for Plan Sponsors

End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
  • Plan Evaluation
  • Investment Management
  • Plan Management Support
  • Plan Participant Education
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State of the Workplace Study 2023
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State of the Workplace Study 2023

Explore Morgan Stanley at Work’s State of the Workplace III Financial Benefits Study results. Discover workforce challenges and how to stay competitive.

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
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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 MosaicPointe Wealth Management Group today.
1Morgan 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.

For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.

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2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

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

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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.

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5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

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6Morgan 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

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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.

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8Morgan 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.

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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.

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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)