Phone:
(239) 449-7816(239) 449-7816
The Naples Group at Morgan Stanley
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
Welcome
As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Holistic Personalized Financial Planning For Your Goals
We provide disciplined, goals-based financial planning that integrates your current situation with your long-term objectives. Our process is designed to help you navigate complexity, manage risk, and make thoughtful, strategic decisions.
The Importance Of A Financial Plan
A financial plan is more than just an investment strategy — it’s a personalized roadmap that helps clients make smart financial decisions at every stage of life. By working together, we review your assets and liabilities, clarify your short- and long-term goals (such as buying a home, saving for retirement, or changing careers), and build a plan tailored to your circumstances. A good financial plan helps you weigh tradeoffs, stay focused on what matters most, and respond to life’s changes with confidence.
Rather than worrying about immediate market fluctuations or short-term uncertainties, a financial plan anchors your choices in long-term goals. It reduces stress and helps you stay on track — even during challenging times like market downturns or unexpected personal events. Importantly, a financial plan isn’t only for those with large helpings of wealth: its value lies in aligning your financial world with your ambitions, no matter where you start.
Because life evolves — with new milestones, shifting priorities, or unexpected events — a financial plan must evolve too. We can regularly revisit and adjust it, ensuring you remain aligned with your goals no matter how your circumstances change. And when you partner with a Morgan Stanley Financial Advisor, you benefit from access to professional tools, scenario-based planning, and guidance tailored to your unique situation.
In short, a financial plan gives you clarity, direction, and peace of mind — helping you make informed decisions today while keeping your long-term dreams within reach.
Learn MoreRather than worrying about immediate market fluctuations or short-term uncertainties, a financial plan anchors your choices in long-term goals. It reduces stress and helps you stay on track — even during challenging times like market downturns or unexpected personal events. Importantly, a financial plan isn’t only for those with large helpings of wealth: its value lies in aligning your financial world with your ambitions, no matter where you start.
Because life evolves — with new milestones, shifting priorities, or unexpected events — a financial plan must evolve too. We can regularly revisit and adjust it, ensuring you remain aligned with your goals no matter how your circumstances change. And when you partner with a Morgan Stanley Financial Advisor, you benefit from access to professional tools, scenario-based planning, and guidance tailored to your unique situation.
In short, a financial plan gives you clarity, direction, and peace of mind — helping you make informed decisions today while keeping your long-term dreams within reach.
Building Confidence Through Thoughtful Planning
Effective financial planning goes beyond investing—it brings your entire financial life into focus. We take a broad, thoughtful look at your goals, resources, and time horizon to create a plan that supports every stage of life. As circumstances evolve, your plan evolves too, giving you a steady framework for making informed decisions, adapting to change, and staying on the path toward long-term success.
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The Impact Of Having A Financial Plan
Research from Morgan Stanley shows that individuals who follow a structured financial plan tend to feel more confident, more satisfied, and less stressed about their finances. Planning early and revisiting goals consistently can improve decision-making and open the door to more opportunities. Even though most people recognize the value of financial planning, far fewer actually take the step to create one. Working with a Financial Advisor helps bridge that gap, offering guidance and a clear path forward so clients can move through financial decisions with greater ease and peace of mind.
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Tax Strategies
Thoughtful tax management can play an important role in strengthening your long-term financial picture. By considering how taxes affect your investments, retirement savings, and charitable giving, you can make choices that help preserve more of your wealth over time. We help you integrate tax-efficient strategies into your broader plan so the money you’ve worked hard to earn can support your goals more effectively today and in the future.
Learn MoreStrategic Management For A Stronger Portfolio
We take a research-driven approach to managing your investments, aligning your portfolio with your goals, risk tolerance and time horizon. By combining strategic asset allocation, thoughtful diversification and ongoing monitoring, we work to help your portfolio stay resilient through changing markets. Our process adapts as your circumstances evolve, ensuing your investment strategy remains focused, balanced and positioned for long-term success.
Managing Your Investment with Experience and Perspective
Effective portfolio management begins with a clear understanding of your goals and a thoughtful approach to navigating the markets. We draw on deep industry experience to structure and adjust your investments as conditions change, helping your assets stay aligned with your priorities. By evaluating opportunities, monitoring risk and making informed adjustments over time, we work to support the growth and stability of your portfolio.
Learn MoreUnderstanding Risk to Protect Your Investment Journey
Seeing the full landscape of your portfolio is essential to making sound decisions. By identifying where your exposures lie and how different scenarios could influence your returns, you gain clearer insight into the risks that may impact your progress. With thoughtful analysis and a broader view of potential outcomes, we help you navigate uncertainty, adjust when needed, and stay aligned with your long-term objectives.
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Investing Made Simple
Core Portfolios offers an easy and accessible entry point for building an investment strategy. By combining automated technology with professional oversight, it helps you stay aligned with your goals while reducing the effort of managing day-to-day decisions. As your needs evolve, your portfolio can adjust accordingly, giving you a convenient path to begin growing your wealth with confidence.
Learn MorePreparing Your Legacy with Intention
Estate planning helps ensure that your wealth is transferred according to your wished and supports the people and causes that matter most. By taking a thoughtful, structured approach, we help you organize your assets, reduce potential complexities, and create a plan that reflects your long-term priorities. Working together, we aim to provide clarity, protect your legacy , and bring confidence to the decisions that shape your family's future.
Shaping a Plan for the Future You Envision
Estate planning helps you organize how your assets will be managed and distributed, giving you greater clarity and control over what happens down the road. By taking time to understand your wishes and your family’s needs, we help you create a thoughtful framework that supports continuity, minimizes potential challenges, and reflects the legacy you want to leave behind.
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Creating a Clear Path for What Comes Next
Establishing an estate plan helps ensure that your wishes are carried out and that your loved ones are supported when it matters most. By outlining how your assets should be managed and shared, you can reduce potential complications and provide clarity for those you leave behind. Thoughtful planning also opens opportunities to incorporate philanthropy, minimize taxes, and build a legacy that reflects your values.
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Private Wealth Management
Entrepreneurs face financial decisions that evolve with each stage of building, growing and transitioning a business. We offer specialized support that reflects these changing needs—from early planning and capital strategies to managing liquidity events and long-term legacy goals. With insight tailored to the realities of business ownership, we help you navigate complexity and align your personal and professional financial paths with clarity.
Learn MoreLocation
8889 Pelican Bay Blvd
Ste 300
Naples, FL 34108
US
Direct:
(239) 449-7817(239) 449-7817
Meet The Naples Group
Phone:
(239) 449-7863(239) 449-7863
Senior Vice President, Financial Advisor, Workplace Advisor - Equity Compensation, Alternative Investments Director, Insurance Planning Director
Phone:
(239) 449-7832(239) 449-7832
Charles Salup
Senior Vice President, Wealth Advisor
Phone:
(239) 449-7858(239) 449-7858
Phone:
(239) 449-7852(239) 449-7852
Dominika Dudziak-Fry
Portfolio Associate, Financial Planning Associate
Phone:
(239) 449-7817(239) 449-7817
About Charles Hoffman
Chuck is a Senior Vice President, Portfolio Management Director, and the Founder and leader of The Naples Group at Morgan Stanley. With over 40 years of experience in the financial industry, Chuck has assembled a team that provides our clients with the guidance, solutions, and confidence to navigate the complicated world of personal finance. With Integrity as his guiding principal, Chuck is totally dedicated to each client and their family, having superior customer service at the core of each relationship. He is a graduate of the State University of New York at Oneonta. He serves on the Board of Directors at AVOW Hospice for over 10 years, currently as Chairman. Chuck proudly served in the United States Marine Corps, is married to Anne who is originally from Pittsburgh, and has three daughters.
Securities Agent: ME, LA, NM, KY, OR, WV, UT, NJ, MO, MI, MA, WI, TN, OK, OH, NC, MD, IL, CO, AL, IA, GA, RI, HI, AZ, AR, KS, DE, SC, MS, ID, MT, VT, NE, FL, CA, TX, NY, DC, AK, CT, VA, PA, NH, MN, IN, WA; General Securities Representative; Investment Advisor Representative
NMLS#: 1294010
NMLS#: 1294010
About Jeffrey M. Brady
Jeff is a financial advisor and newest member of The Naples Group at Morgan Stanley, a team with over 50 years’ experience. He focuses on customized goals based financial planning that is unique to each individual. He then develops an investment strategy in support of the plan. With customer service and integrity being a priority, Jeff is dedicated to offer a comprehensive experience through wealth management, investment guidance, and tax planning.
Jeff grew up outside of Buffalo, New York raised by parents in the finance industry and law enforcement. He is a graduate of the State University of New York at Fredonia and is happily married to his wife Dawn who is originally from Central New York. They live in Fort Myers and enjoy spending their time with their 2 children.
Jeff grew up outside of Buffalo, New York raised by parents in the finance industry and law enforcement. He is a graduate of the State University of New York at Fredonia and is happily married to his wife Dawn who is originally from Central New York. They live in Fort Myers and enjoy spending their time with their 2 children.
Securities Agent: WV, MD, PA, NY, MT, HI, OK, OH, NJ, IL, CO, UT, SC, NE, MN, MI, KY, CT, MO, ID, GA, FL, CA, WA, VA, OR, NM, MA, AZ, IA, RI, AR, ME, AL, VT, KS, LA, NH, MS, DE, AK, TX, NC, IN, DC, WI, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 2256768
NMLS#: 2256768
About Keith Philippi
Keith Philippi is a Senior Vice President and Financial Advisor at Morgan Stanley. He takes an active role in modern wealth planning by living up to his philosophy: the key to successful investing is discipline and patience.
Keith’s personal goal is to build strong relationships with his clients beyond managing their wealth. In his individualized approach, he learns all about what clients value, their family dynamics, and their top priorities. He is a strong believer in proactive communication to help ensure everyone is on the same page every step of the way.
With nearly 20 years of financial services experience, Keith is also a Certified Financial Planner™ Professional, adhering to one of the financial industry’s most stringent codes of ethics. Keith has a B.S. in Business Administration from Lynn University, and a certification in Financial Planning from New York University.
Following his passion for modern wealth management, Keith has been the keynote speaker at several events in SWFL and has participated in many programs aimed at developing upcoming financial advisors.
Keith is blessed to have been living in Florida for over 35 years with his wife Gina and their two children, Alyssa and Cameron. The Philippis are active members of their church in Naples and enjoy boating, skiing, golf and scuba diving. In fact, Keith’s favorite dive site so far is one close to home: the Christ of the Deep in Key Largo, FL.
Keith’s personal goal is to build strong relationships with his clients beyond managing their wealth. In his individualized approach, he learns all about what clients value, their family dynamics, and their top priorities. He is a strong believer in proactive communication to help ensure everyone is on the same page every step of the way.
With nearly 20 years of financial services experience, Keith is also a Certified Financial Planner™ Professional, adhering to one of the financial industry’s most stringent codes of ethics. Keith has a B.S. in Business Administration from Lynn University, and a certification in Financial Planning from New York University.
Following his passion for modern wealth management, Keith has been the keynote speaker at several events in SWFL and has participated in many programs aimed at developing upcoming financial advisors.
Keith is blessed to have been living in Florida for over 35 years with his wife Gina and their two children, Alyssa and Cameron. The Philippis are active members of their church in Naples and enjoy boating, skiing, golf and scuba diving. In fact, Keith’s favorite dive site so far is one close to home: the Christ of the Deep in Key Largo, FL.
Securities Agent: WI, RI, MI, ME, LA, VT, MO, CA, SC, MA, IN, IL, CT, AL, WA, NE, KY, IA, AR, WV, NY, NJ, MT, TN, PA, FL, OR, MS, MD, NM, UT, HI, AK, DC, KS, ID, OK, GA, AZ, TX, NH, NC, MN, DE, CO, VA, OH; General Securities Representative; Investment Advisor Representative
NMLS#: 436227
CA Insurance License #: CA Insurance #0K70353
NMLS#: 436227
CA Insurance License #: CA Insurance #0K70353
About Charles Salup
Charles Salup is a Senior Vice President / Wealth Advisor who joined Morgan Stanley in 1998. Charlie has worked as a Financial Advisor in the financial services industry since 1983. Prior to working on Wall Street Charlie was employed in commercial and international banking. He earned his undergraduate and MBA degrees from Baruch College, City University of New York, where he majored in business and finance. He was also an adjunct professor at Western Connecticut State University, teaching classes in Finance and Investments.
Charlie concentrates on assisting clients in developing long-term financial plans. He is dedicated to working closely with you to help you develop and implement a personalized financial plan that is based on your needs, goals and investment profile.
Charlie is active in the community and enjoys volunteering. He lives in Naples, Florida with his wife Ellen.
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool: When your Financial Advisor prepares a Financial Plan, they will be acting in an investment advisory capacity with respect to the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our
“Understanding Your Brokerage and Investment Advisory Relationships” brochure available at http://www.morganstanley.com/ourcommitment/.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley Smith Barney LLC. Member SIPC. CRC 3109642 06/20
Charlie concentrates on assisting clients in developing long-term financial plans. He is dedicated to working closely with you to help you develop and implement a personalized financial plan that is based on your needs, goals and investment profile.
Charlie is active in the community and enjoys volunteering. He lives in Naples, Florida with his wife Ellen.
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool: When your Financial Advisor prepares a Financial Plan, they will be acting in an investment advisory capacity with respect to the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our
“Understanding Your Brokerage and Investment Advisory Relationships” brochure available at http://www.morganstanley.com/ourcommitment/.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan Stanley Smith Barney LLC. Member SIPC. CRC 3109642 06/20
Securities Agent: VA, CA, OK, OH, CO, TN, MI, AL, NC, KY, IN, IL, ID, DE, WV, WI, WA, RI, GA, MA, DC, CT, AZ, AR, SC, NY, AK, PA, NM, NJ, ME, LA, UT, NH, MT, MN, KS, IA, HI, VT, TX, OR, NE, MS, MO, MD, FL; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 180942
NMLS#: 180942
About John P. Stollmeyer
Securities Agent: WI, DE, WA, TX, IL, CA, RI, NH, ID, DC, CT, OR, OH, NJ, MA, FL, AK, SC, PA, MT, MO, KS, IN, AZ, WV, NY, VA, CO, OK, NM, NE, AL, AR, MS, UT, IA, LA, HI, NC, MI, ME, MD, KY, VT, TN, MN, GA; General Securities Representative; Investment Advisor Representative
About Dominika Dudziak-Fry
Dominika joined The Naples Group in 2008. She began her career in the banking and customer service industry over 12 years ago. She provides operational support to The Naples Group. Dominika's everyday responsibilities cover various areas from account opening and maintenance to trade processing. She closely works with clients addressing their requests and concerns. Her mission is to provide an extraordinary client experience by putting clients' needs first and to deliver a high level of quality administrative and operational service. Dominika holds series 7 and 66 licenses. She graduated from Hodges University with a Bachelor Degree in Business Administration. She is married. In her free time, she enjoys traveling and being outdoors - passions that she shares with her husband.
Contact Charles Hoffman
Contact Jeffrey M. Brady
Contact Keith Philippi
Contact Charles Salup
Contact John P. Stollmeyer
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
Stacey Herring
Private Banker
About Stacey Herring
Stacey Herring is a Private Banker serving Morgan Stanley Wealth Management offices in Florida.
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.
Stacey began her career in financial services in 1994, and joined Morgan Stanley in 2014. Prior to joining the firm, she was a Mortgage Sales Manager at SunTrust Bank and a Senior Mortgage Loan Officer for over 17 years at Fifth Third Bank. Stacey is a graduate of Florida State University, where she received a Bachelor of Science in Business Marketing and a Minor in Communications.
Stacey currently serves on the Women’s Foundation of Collier County Board of Directors, as well as Junior Achievement of SWFL’s Advisory Board. In addition, Stacey has chaired many community endeavors, serving Naples Community Hospital, PACE Center for Girls of Collier County, and Youth Haven. She is a graduate of the Naples Chamber of Commerce’s Leadership Collier program, awarded Gulfshore Business Magazine’s “40 Under 40 Award”, and in 2013 was awarded the Glass Slipper Award by The Education Foundation, Champions for Learning. In 2014, Stacey was named a Woman of Initiative by the Community Foundation of Collier County for her philanthropy, dedication, and commitment to children’s causes.
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.
Stacey began her career in financial services in 1994, and joined Morgan Stanley in 2014. Prior to joining the firm, she was a Mortgage Sales Manager at SunTrust Bank and a Senior Mortgage Loan Officer for over 17 years at Fifth Third Bank. Stacey is a graduate of Florida State University, where she received a Bachelor of Science in Business Marketing and a Minor in Communications.
Stacey currently serves on the Women’s Foundation of Collier County Board of Directors, as well as Junior Achievement of SWFL’s Advisory Board. In addition, Stacey has chaired many community endeavors, serving Naples Community Hospital, PACE Center for Girls of Collier County, and Youth Haven. She is a graduate of the Naples Chamber of Commerce’s Leadership Collier program, awarded Gulfshore Business Magazine’s “40 Under 40 Award”, and in 2013 was awarded the Glass Slipper Award by The Education Foundation, Champions for Learning. In 2014, Stacey was named a Woman of Initiative by the Community Foundation of Collier County for her philanthropy, dedication, and commitment to children’s causes.
NMLS#: 434321
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan 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
Wealth Management
Global Investment Office
Portfolio Insights
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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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
Rational Investing in an Age of Uncertainty
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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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
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 Naples 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.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
6Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
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
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
6Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
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CRC 4665150 (8/2025)
