Chuck Jones
Senior Vice President, Financial Advisor, Portfolio Management Director, Alternative Investments Director
Phone:
(256) 650-4011(256) 650-4011
The Mountain Spring Group at Morgan Stanley
Direct:
(256) 533-2150(256) 533-2150
Our Mission Statement
Family values, trust and communication are the essential building blocks of the client relationships we hold. We provide sound advice to help our clients confidently navigate their wealth journey now and for generations to come.
Wealth Management Grounded In Relationships, Planning, and Perspective
Our Story
The Mountain Spring Group was built around a straightforward idea: meaningful financial advice requires meaningful relationships.
Our advisors bring different professional experiences and perspectives to the team, but we share a commitment to listening carefully, communicating consistently and helping clients make informed financial decisions.
Our roots in Huntsville have shaped how we work. This is a community defined by innovation, engineering, entrepreneurship and long-term thinking. We bring that same planning-oriented mindset to wealth management—identifying the objective, understanding the variables and developing a strategy designed around the client.
Our team has extensive experience in financial advisory, investment-management and retirement-plan roles. Our advisors' backgrounds include financial planning, individual portfolio management, corporate retirement plans and executive financial services.
Backed by the global resources of Morgan Stanley, we provide personalized advice while maintaining the accessibility and continuity clients expect from a dedicated local team.
Who We Serve
We work with clients whose financial lives have become too important or complex to manage through disconnected decisions.
Our clients may include:
- Individuals and families preparing for retirement, managing accumulated wealth or planning for future generations
- Corporate executives navigating stock options, restricted stock, concentrated positions and other forms of equity compensation
- Business owners and entrepreneurs balancing personal wealth with business-related priorities
- Retirees and individuals approaching retirement seeking a coordinated strategy for income, investments, liquidity and legacy goals
- Companies and plan sponsors evaluating corporate retirement plans and workplace financial benefits
- Families experiencing a major transition, such as retirement, inheritance, the sale of a business or the loss of a loved one
Every client's circumstances are different. Our role is to help organize those circumstances into a clear financial strategy and provide ongoing guidance as life, markets and priorities change.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working Together
As your dedicated wealth management team, our approach involves a personalized financial strategy that aims to directly address your needs. We have developed a step-by-step process to help us get to know you, your family and your goals as we begin our journey together. From our first conversations to our ongoing review meetings, we stress constant communication to help make sure that your needs are routinely addressed in both the short- and long-term.
Step 1: Introductory/Discovery Meeting
• Get to know you, your values, and what’s most important to you and your family/loved ones
• Understand your full financial picture
• Identify your goals
• Discuss our team’s wealth management philosophy
• Review all applicable financial statements
• Understand your full financial picture
• Identify your goals
• Discuss our team’s wealth management philosophy
• Review all applicable financial statements
Step 2: Financial Plan Presentation
• Present the first draft of your financial plan
• Review the essential factors that are critical to your financial goals such as income, spending, liquidity, insurance and estate needs
• Discuss potential investment strategies
• Develop an appropriate risk tolerance
• Review the essential factors that are critical to your financial goals such as income, spending, liquidity, insurance and estate needs
• Discuss potential investment strategies
• Develop an appropriate risk tolerance
Step 3: Implementation
• Coordinate fund transfers and a time line/due dates for account set up
• Finalize and adopt your personalized financial plan
• Set up digital tools to provide convenient access to your accounts and other important information
• Coordinate strategies with other financial professionals, if needed (i.e attorneys, accountants, insurance professionals)
• Finalize and adopt your personalized financial plan
• Set up digital tools to provide convenient access to your accounts and other important information
• Coordinate strategies with other financial professionals, if needed (i.e attorneys, accountants, insurance professionals)
Step 4: Monitoring Your Plan's Performance
• Regularly review your plan’s performance to help ensure expectations are being met as we address any changes in personal goals or market conditions
• Consistent communication to help ensure that your concerns and requests are addressed efficiently and thoroughly
• Staying up to date with changes in your financial picture to keep your plan personalized and on track with your goals
• Consistent communication to help ensure that your concerns and requests are addressed efficiently and thoroughly
• Staying up to date with changes in your financial picture to keep your plan personalized and on track with your goals
Are You Prepared?
Planning for retirement often requires us to ask ourselves the most difficult, personal questions: How much money do I need to live? How long will I live? Generic approaches to retirement planning too often lack the crucial details and unique circumstances of each client that are critical for reaching and sustaining a fruitful retirement. Our team will work with you to understand what your priorities are during these crucial years and implement a customized strategy for you. Whether it is planning for retirement, transitioning into retirement, or already managing your assets in retirement, our team is equipped with the resources and the knowledge to help you accomplish your personal and financial goals.
Planning to Fund Long-Term Care Expenses
Healthcare costs are rising, especially for retirees, and many will need Long Term Care. We will work together to take steps to minimize your financial exposure to unwanted medical costs so you can afford your desired lifestyle after your working years.
The Rising Costs of Healthcare
Required minimum distributions (RMDs)
Required minimum distributions (RMDs) are likely to play an important role in your finances in retirement. Planning ahead for what you want to do with the money may help reduce taxes and increase options for re-investing.
4 Things You Should Know About RMDs and Your Retirement
Planning for your Retirement
If your retirement lasts longer than you expect, will you be ready? Our team can help you prepare to avoid strains on your retirement.
How to Avoid Outliving Your Retirement Savings
Gifting Considerations
Giving financial gifts to children or grandchildren can help reduce your estate taxes. However, if you are concerned about wasteful spending by the recipients or protecting assets from bad actors, we can show you several options that allow you to exercise some control over how the money is used.
Next Generation Gifting Considerations
Your Guide to Tax-Efficient Planning
The tax decisions you make today can help you save for years to come. Consider these smart tax strategies for your financial plan that we offer.
Tax-Efficient PlanningExecutive Services
One of the many areas our team focuses on is corporate executive services. We are experienced in helping clients who have a large piece of their net worth tied up in the equity of their company. They are looking for a plan that considers their equity and coordinates it with their other assets and liabilities. We help successful executives, and their families create comprehensive wealth plans to simplify and solve factors such as estate planning needs as well as retirement. Our detailed knowledge of their plans allows us to begin the planning conversation at a higher level, providing clear insight into one of the more prominent and complex drivers of their financial success. Through our experience and disciplined process, we can help you navigate through this intricate environment and make it simple to understand as it relates to your financial plan.
Executive Compensation: Stock and Stock Options
Executives today are increasingly compensated with stock or stock options. A benefit of receiving stock or options is that they allow the employee to share in the growth of the company without making a current investment. However, exercising stock options presents a number of difficult and complex choices. Our team will help you understand these choices while making sure that your stock and stock options align with your comprehensive wealth strategy.
Understanding Your Compensation
10b5-1 Trading Plan
Equity is an exciting addition to every officer's, director's and other insider's compensation plan. Helping your team protect and grow this asset is a top priority, but so is minimizing insider trading concerns. The right structure can help create compliance clarity for both your company and your insiders.
10b5-1 Plan Changes: What You Should Know
Restricted Stock Units
Your company may have granted you RSU's and it's important to learn how they're taxed. Read the article below to learn more.
Learn More
Employee Stock Ownership Plans
The ESOP Tax-Free Rollover has a variety of rules and mechanics. Reach out to a team member to learn more.
Rule 144
Morgan Stanley is an industry leader in Rule 144 transactions. Our dedicated group of professionals who specialize in assisting executives and other key insiders effectively navigate the complex landscape of insider trading regulations.
Executive Financial ServicesMountain Spring News
We pride ourselves in giving our all to keep you informed on all-things finance and our goings-on. Take a look at the links below to see the ways in which we have engaged with our clients about updates in the financial industry and what we've been up to.
Global Investment Office
The Morgan Stanley Global Investment Office provides you with world-class thought leadership timely market commentary, and portfolio ideas to help guide your investment decisions.
Morgan Stanley Portfolio Insights
On the Markets
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
Market Commentary
The GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
The GIC Weekly
Thoughts on the Market
Perspectives from Morgan Stanley's thought leaders on a variety of viewpoints regarding the latest trends in the financial marketplace.
Thoughts on the Market Podcast
Magnificent Beauty in Wheeler National Wildlife Refuge
Our very own Financial Advisor/amateur photographer, Grant Thomson provides some insight on how to observe the thousands of Cranes that find their winter home in north Alabama each year.
Grant's Wildlife InsightsAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
305 Church St SW
Ste 700
Huntsville, AL 35801
US
Direct:
(256) 533-2150(256) 533-2150
Meet The Mountain Spring Group
Grant Thomson, CFP®
First Vice President, Branch Manager, Investment Management Consultant
Phone:
(256) 535-2852(256) 535-2852
Spike McRoy, CRPS®
Senior Vice President, Financial Advisor
Phone:
(256) 650-4037(256) 650-4037
Madeline Mullins
Associate Vice President, Financial Advisor
Phone:
(256) 535-2803(256) 535-2803
Luci Woodard
Vice President, Chief of Staff
Phone:
(256) 650-4021(256) 650-4021
Keren H. Salas
Client Service Associate
Phone:
(256) 650-4038(256) 650-4038
Hayden Jones
Client Service Associate
Phone:
(256) 535-2813(256) 535-2813
About Chuck Jones
Chuck Jones is a Financial Advisor, Senior Vice President, Portfolio Management Director and founding partner of The Mountain Spring Group at Morgan Stanley. Chuck joined Morgan Stanley in 1995 and has spent the entirety of his career with the firm. Chuck enjoys forming relationships with people and in turn, helping them work towards their life goals for now and the future. Chuck strives to know his clients personally before implementing strategies to help ensure that his advice is centered on what is best for his clients. Chuck finds immense pride in the client service his team provides clients, and he focuses on providing his clients with confidence, guidance, and support through virtually every stage of their lives.
Chuck graduated from The University of Alabama, Huntsville where he earned his B.S. Finance. Before UAH, he was a member of the golf team at Wallace State Community College. After college, Chuck moved to Florida to pursue a dream of playing golf professionally. Soon after arriving in the sunshine state, he began to pursue his other heartfelt passions – helping people and forming meaningful relationships. He ultimately decided to follow his passion of helping people over playing golf full time.
Chuck has spent the last 25 years serving his clients by making sure they have a plan in place to help achieve their most ambitious goals. In 2022, Chuck was honored as a member of Morgan Stanley's prestigious Century Club for consistent excellence in providing a wide range of investment products and wealth management services.
Chuck is proud to serve in various volunteer rolls in the Huntsville community. Over the years, Chuck has served on several boards including president of The National Children's Advocacy Center board of directors, First United Methodist finance committee, Valley Foundation Board, former president of the New Hope Children’s Clinic and former president of the Land Trust of North Alabama.
Above all else, Chuck is a devoted family man. Chuck married his wife, Julie, in 1996. They have three children together – Harrison, Hayden, and Anna Kathryn. Chuck and Julie enjoy spending time with their family and friends as well as traveling. In Chuck’s spare time, he enjoys golfing, running, hunting, and attending his local church – First United Methodist in Huntsville.
Prestigious Century Club Member, 2023
Morgan Stanley Wealth Management Century Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Century Club membership is no guarantee of future performance.
Chuck graduated from The University of Alabama, Huntsville where he earned his B.S. Finance. Before UAH, he was a member of the golf team at Wallace State Community College. After college, Chuck moved to Florida to pursue a dream of playing golf professionally. Soon after arriving in the sunshine state, he began to pursue his other heartfelt passions – helping people and forming meaningful relationships. He ultimately decided to follow his passion of helping people over playing golf full time.
Chuck has spent the last 25 years serving his clients by making sure they have a plan in place to help achieve their most ambitious goals. In 2022, Chuck was honored as a member of Morgan Stanley's prestigious Century Club for consistent excellence in providing a wide range of investment products and wealth management services.
Chuck is proud to serve in various volunteer rolls in the Huntsville community. Over the years, Chuck has served on several boards including president of The National Children's Advocacy Center board of directors, First United Methodist finance committee, Valley Foundation Board, former president of the New Hope Children’s Clinic and former president of the Land Trust of North Alabama.
Above all else, Chuck is a devoted family man. Chuck married his wife, Julie, in 1996. They have three children together – Harrison, Hayden, and Anna Kathryn. Chuck and Julie enjoy spending time with their family and friends as well as traveling. In Chuck’s spare time, he enjoys golfing, running, hunting, and attending his local church – First United Methodist in Huntsville.
Prestigious Century Club Member, 2023
Morgan Stanley Wealth Management Century Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Century Club membership is no guarantee of future performance.
Securities Agent: OK, UT, TN, OH, NJ, CO, AK, VT, NC, MN, KY, IN, ID, FL, CT, AZ, WI, MA, IL, CA, AR, TX, NE, MO, KS, GA, AL, VA, PA, MS, NY, LA, SC, MD, NV; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1316513
NMLS#: 1316513
About Grant Thomson
Grant is a Financial Advisor and First Vice President with the Mountain Spring Group at Morgan Stanley.
Grant grew up in the “Rocket City”, when Huntsville was leading the space race to put a man on the moon with the development of the Saturn V rocket. This experience had a major impact on him by showing what men and women can do by setting a goal and a having plan to accomplish it. Grant’s background in engineering eventually lead him to a career in financial planning and the Certified Financial Planner (™) designation. Solving problems and building relationships with people are what he finds most rewarding.
Many people struggle with their own finances because they have a different skill set that they focus on each day. “I enjoy being the one they turn to for financial advice and showing them what is possible through careful planning and using all of the tools available to them”. Clients often have a hard time mentally connecting all the pieces of their financial life. Our planning process brings all of that together into clear focus and allows them to clearly see the path to long term success, whether that is retirement, education, or legacy planning.
Grant has been in a financial advisor or management role with Morgan Stanley since 1993, both in Atlanta, GA and in Huntsville, AL. He has the designations of Certified Financial Planner™, Investment Management Consultant and Alternative Investments Director. Grant is also a private pilot with both an instrument rating and multi-engine rating.
As a native Huntsvillian, Grant is proud of the growth our city has experienced. He is an active member and past president of the Huntsville Rotary Club (Huntsville’s oldest service organization since 1917). Grant and his wife Louann have been active in the club’s STRIVE mentoring program which provides mentoring and scholarship opportunities for inner-city youth. They also proudly support the Greene Street Market, Huntsville Museum of Art, Huntsville Hospital Foundation, Nativity Historic Preservation Foundation, and the Hudson Alpha Institute for Biotechnology. Grant and Louann love to travel and are constantly planning their next big adventure. There is a great big world out there and they plan to experience as much of it as possible as they add to the 50+ countries and almost 50 states they’ve visited.
Grant grew up in the “Rocket City”, when Huntsville was leading the space race to put a man on the moon with the development of the Saturn V rocket. This experience had a major impact on him by showing what men and women can do by setting a goal and a having plan to accomplish it. Grant’s background in engineering eventually lead him to a career in financial planning and the Certified Financial Planner (™) designation. Solving problems and building relationships with people are what he finds most rewarding.
Many people struggle with their own finances because they have a different skill set that they focus on each day. “I enjoy being the one they turn to for financial advice and showing them what is possible through careful planning and using all of the tools available to them”. Clients often have a hard time mentally connecting all the pieces of their financial life. Our planning process brings all of that together into clear focus and allows them to clearly see the path to long term success, whether that is retirement, education, or legacy planning.
Grant has been in a financial advisor or management role with Morgan Stanley since 1993, both in Atlanta, GA and in Huntsville, AL. He has the designations of Certified Financial Planner™, Investment Management Consultant and Alternative Investments Director. Grant is also a private pilot with both an instrument rating and multi-engine rating.
As a native Huntsvillian, Grant is proud of the growth our city has experienced. He is an active member and past president of the Huntsville Rotary Club (Huntsville’s oldest service organization since 1917). Grant and his wife Louann have been active in the club’s STRIVE mentoring program which provides mentoring and scholarship opportunities for inner-city youth. They also proudly support the Greene Street Market, Huntsville Museum of Art, Huntsville Hospital Foundation, Nativity Historic Preservation Foundation, and the Hudson Alpha Institute for Biotechnology. Grant and Louann love to travel and are constantly planning their next big adventure. There is a great big world out there and they plan to experience as much of it as possible as they add to the 50+ countries and almost 50 states they’ve visited.
Securities Agent: HI, IA, KS, ME, MI, NH, OK, OR, PA, VI, VT, WV, WY, OH, VA, IN, FL, MT, NJ, CO, WI, WA, UT, TX, TN, SD, SC, RI, PR, NY, NV, NM, NE, ND, NC, MS, MO, MN, MD, MA, LA, KY, IL, ID, GA, DE, DC, CT, CA, AZ, AR, AL, AK; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1255771
NMLS#: 1255771
About Spike McRoy
Spike McRoy is a Senior Vice President, Senior Portfolio Manager and Financial Advisor with The Mountain Spring Group at Morgan Stanley, joining the firm in September of 2008. Spike favors a comprehensive approach to his client’s financial planning needs. He strives to cover all aspects of what it takes to help create and sustain the goals and objectives set forth at the beginning of his client’s journey. Helping clients seek to achieve their most ambitious goals is an opportunity that Spike considers a true blessing. Spike cherishes the positive impact that he and his team have had on the lives of their clients and their families.
Spike’s passion for finance began as a young boy when his father walked him into a Dean Witter (now Morgan Stanley) office, and along with a professional advisor, educated him on how his pocket-full of cash from summer jobs could grow much faster outside the hiding place deep within his sock drawer. Spike followed this newfound passion to The University of Alabama, where he earned his bachelors degree.
Following the 15 year fulfillment of his childhood dreams to compete and win on the PGA Tour, Spike was graciously offered an opportunity to join a wealth management group with Morgan Stanley, enabling him to pursue his passion for finance.
Spike and his wife were married in 1992 at Huntsville’s First United Methodist Church, where they currently attend today with their three children. Spike and his wife’s philanthropy and spirituality are near and dear to their hearts as their faith and commitment to their community extends to other local churches under the Cove Church umbrella. Spike and his wife actively participate in the Walk to Emmaus community, the Lincoln Village Ministries, and the Huntsville Downtown Rescue Mission. Spike also formerly served as a Board Member for the Huntsville Red Elephant Club as well as a former Board Member for the National Children’s Advocacy Center. In his spare time, Spike enjoys coaching golf at the Westminster Christian Academy, watching college football (Roll Tide!), enjoying family hikes, and fishing.
Spike’s passion for finance began as a young boy when his father walked him into a Dean Witter (now Morgan Stanley) office, and along with a professional advisor, educated him on how his pocket-full of cash from summer jobs could grow much faster outside the hiding place deep within his sock drawer. Spike followed this newfound passion to The University of Alabama, where he earned his bachelors degree.
Following the 15 year fulfillment of his childhood dreams to compete and win on the PGA Tour, Spike was graciously offered an opportunity to join a wealth management group with Morgan Stanley, enabling him to pursue his passion for finance.
Spike and his wife were married in 1992 at Huntsville’s First United Methodist Church, where they currently attend today with their three children. Spike and his wife’s philanthropy and spirituality are near and dear to their hearts as their faith and commitment to their community extends to other local churches under the Cove Church umbrella. Spike and his wife actively participate in the Walk to Emmaus community, the Lincoln Village Ministries, and the Huntsville Downtown Rescue Mission. Spike also formerly served as a Board Member for the Huntsville Red Elephant Club as well as a former Board Member for the National Children’s Advocacy Center. In his spare time, Spike enjoys coaching golf at the Westminster Christian Academy, watching college football (Roll Tide!), enjoying family hikes, and fishing.
Securities Agent: CO, AR, MD, SC, MO, MN, LA, AL, VT, CT, OK, AK, MS, WI, OH, MA, VA, NY, NE, KY, UT, TN, NV, NC, FL, AZ, TX, GA, CA, IL, ID; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1347360
NMLS#: 1347360
About Madeline Mullins
Madeline Mullins is an Associate Vice President and Financial Advisor with The Mountain Spring Group at Morgan Stanley. Madeline joined the industry in 2000 and has been with Morgan Stanley since 2019. Madeline is passionate about helping people achieve their dreams and understanding the importance of saving, budgeting and preparing for their future – along with providing needed investment knowledge and support. Madeline’s approach is centered on her ability to quickly build relationships by listening to her client’s needs and frequently communicating with them. In 2022, Madeline was honored as a member of the firm's prestigious Pacesetter's Club for her continued excellence in providing clients with a wide range of investment products and wealth management services.
Madeline credits her humble upbringing and determination to succeed as a driving force for her career. Madeline started working as a bank teller at the age of 15 as she began to hone her passion for service. Madeline carried this newfound passion to The University of Alabama, where she earned her B.A in Information Sciences – Public Relations, understanding that communication would play a central role in her career. Upon graduation, Madeline became an Employee Benefit Service Specialist for Principal Financial Group. After her first year, Madeline was promoted to an Account Executive role, where she traveled throughout the southeast to provide fiduciary liability management and employee education for large corporate retirement plans. In 2006, Madeline left the finance industry to work in church ministry, where she continued to manage programs and educate young people. After 13 years of working in church ministry, Madeline was recruited by The Jones McRoy Team, now The Mountain Spring Group, to help develop marketing strategies and further enhance their client experience. The team’s passion for service coupled with the ability to continue to minister people (this time in the world of finance) was an opportunity that Madeline couldn’t pass up.
Madeline currently resides in Huntsville, Alabama with her husband, Robert, and their two daughters. Madeline and Robert were married in her hometown of Greensboro, Alabama in May 2002. Madeline is active in the Huntsville community, donating her time as a Sunday school teacher with the Church of the Nativity, Episcopal, a sustainer with the Junior League of Huntsville, and a chairperson on the Huntsville High School PTSA Board. She has previously served on the boards of Blossomwood Elementary and Huntsville Junior High School PTA as well as the Junior League of Huntsville. In her spare time, Madeline enjoys the outdoors, working in her yard, playing tennis, traveling, snow-skiing, and cheering on her daughters at various sporting events.
Madeline credits her humble upbringing and determination to succeed as a driving force for her career. Madeline started working as a bank teller at the age of 15 as she began to hone her passion for service. Madeline carried this newfound passion to The University of Alabama, where she earned her B.A in Information Sciences – Public Relations, understanding that communication would play a central role in her career. Upon graduation, Madeline became an Employee Benefit Service Specialist for Principal Financial Group. After her first year, Madeline was promoted to an Account Executive role, where she traveled throughout the southeast to provide fiduciary liability management and employee education for large corporate retirement plans. In 2006, Madeline left the finance industry to work in church ministry, where she continued to manage programs and educate young people. After 13 years of working in church ministry, Madeline was recruited by The Jones McRoy Team, now The Mountain Spring Group, to help develop marketing strategies and further enhance their client experience. The team’s passion for service coupled with the ability to continue to minister people (this time in the world of finance) was an opportunity that Madeline couldn’t pass up.
Madeline currently resides in Huntsville, Alabama with her husband, Robert, and their two daughters. Madeline and Robert were married in her hometown of Greensboro, Alabama in May 2002. Madeline is active in the Huntsville community, donating her time as a Sunday school teacher with the Church of the Nativity, Episcopal, a sustainer with the Junior League of Huntsville, and a chairperson on the Huntsville High School PTSA Board. She has previously served on the boards of Blossomwood Elementary and Huntsville Junior High School PTA as well as the Junior League of Huntsville. In her spare time, Madeline enjoys the outdoors, working in her yard, playing tennis, traveling, snow-skiing, and cheering on her daughters at various sporting events.
Securities Agent: FL, AL, AK, NJ, MA, KY, MD, TN, NE, MS, WV, UT, MO, MN, DE, CT, CO, VT, TX, SC, OK, OH, NV, GA, AR, NC, NY, ID, VA, IL, CA, AZ, WI, LA; General Securities Representative; Investment Advisor Representative
NMLS#: 2228403
NMLS#: 2228403
About Keren H. Salas
Originally from Venezuela, Keren came to the United States in September of 2005 with her parents and two younger sisters as missionaries for the Hispanic and Latin community in North Georgia. There, she graduated from Reinhardt University, where she studied Global Communications and digital film and media.
After graduating, she moved with her family to Huntsville, Alabama where she met her husband, Carlos. Keren is a passionate and dedicated financial services professional and loves serving others. Her hobbies are singing and photography. In her free time, she enjoys learning and practicing Italian, serves at Nueva Vida ministry, a bilingual church service, and loves living a purpose-driven life.
After graduating, she moved with her family to Huntsville, Alabama where she met her husband, Carlos. Keren is a passionate and dedicated financial services professional and loves serving others. Her hobbies are singing and photography. In her free time, she enjoys learning and practicing Italian, serves at Nueva Vida ministry, a bilingual church service, and loves living a purpose-driven life.
About Hayden Jones
Hayden Jones is a recent graduate from The University of Alabama, where he earned a degree in Finance with a minor in Sales. As a Huntsville native, he's excited to be joining The Mountain Springs Group. Outside of work, he enjoys golfing, hunting, music, and traveling. He looks forward to building his career at Morgan Stanley, expanding his knowledge, and getting to know the clients.
Contact Chuck Jones
Contact Grant Thomson
Contact Spike McRoy
Contact Madeline Mullins
Wealth Management
Global Investment Office
Portfolio Insights
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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 Mountain Spring Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
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4Morgan 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
5Morgan 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.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
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.
2Morgan 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.
3Morgan 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.
4Morgan 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
5Morgan 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.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
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 | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan 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.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
