Managing Director, Financial Advisor, Portfolio Manager, Futures Specialist, Alternative Investments Director
Phone:
(212) 315-6295(212) 315-6295
The Astra Group at Morgan Stanley
Direct:
(212) 315-6295(212) 315-6295
Toll-Free:
(866) 225-7903(866) 225-7903
Our Mission Statement
Our mission is to deliver comprehensive and personalized wealth management solutions grounded in disciplined investment management, thoughtful advice, and a commitment to helping clients preserve and grow wealth across generations.
The Astra Group
Our team provides a comprehensive and personalized approach to wealth management, focused on helping individuals, families, and institutions navigate increasingly complex financial markets with clarity and confidence.
Backed by decades of experience across portfolio management, financial planning, and risk management, we develop tailored strategies aligned with each client’s unique financial objectives and evolving needs.
Our team brings experience across global markets and multi-asset class investing, spanning traditional and alternative investments, commodity futures, foreign exchange, private investments, and real estate strategies.
We are committed to building lasting relationships based on trust, transparency, and exceptional service.
Backed by decades of experience across portfolio management, financial planning, and risk management, we develop tailored strategies aligned with each client’s unique financial objectives and evolving needs.
Our team brings experience across global markets and multi-asset class investing, spanning traditional and alternative investments, commodity futures, foreign exchange, private investments, and real estate strategies.
We are committed to building lasting relationships based on trust, transparency, and exceptional service.
Services Include
- Professional Portfolio ManagementFootnote1
- Financial PlanningFootnote2
- Alternative InvestmentsFootnote3
- FuturesFootnote4
- CommoditiesFootnote5
- Foreign ExchangeFootnote6
- Fixed IncomeFootnote7
- Structured ProductsFootnote8
- SyndicateFootnote9
- Cash Management and Lending ProductsFootnote10
- Sustainable InvestingFootnote11
- Institutional ServicesFootnote12
- Business PlanningFootnote13
- Estate Planning StrategiesFootnote14
- Retirement PlanningFootnote15
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Professional Portfolio Management
Designated Portfolio Manager
As a Portfolio Manager, We represent a select group of Financial Advisors qualified by the firm to manage client assets based on training, experience and commitment to client service. We can leverage the global resources of Morgan Stanley to study trends and developments that shape the investment landscape, drive the economy and ultimately impact your portfolio's performance.
A Focused Approach
We start by working closely with you to understand your needs while maintaining the focus and discipline necessary to guide your portfolio in the most challenging market cycles. Maintaining an open line of communication is part of our ongoing commitment to clients. As life-changing events unfold - or you simply seek additional wealth management guidance - we aim to be readily accessible and prepared to address clients' financial concerns. Whether or not you are saving for a child's education, planning for your retirement or preserving your estate for your heirs, we can help you with a portfolio that adjusts with your needs.
Personalized Portfolios
We work closely with you and use our discretion to identify an investment strategy tailiored to meet your needs.
Client Focus
Each account can be individually customized to meet your requirements for growth, income or preservation of capital within your risk constraints.
Comprehensive Communications
Throughout our relationship, we'll maintain an open line of communication as we monitor your portfolio and track its performance relative to your stated objectives.
Portfolio Risk Platform – Powered by Aladdin
We use Portfolio Risk Platform – Powered by Aladdin as a risk management platform that delivers comprehensive risk estimation and reporting across a wide range of asset classes and security types, helping provide a holistic view so risk can be monitored and managed more effectively.
A Financial Plan Tailor-Made For You
Our wealth management process begins with you and your family. Holistic in our approach, we encompass all the elements of your financial life, your investments, your cash management needs and then align them with your goals for life. We understand that the goals you set today will evolve over time. Your customized plan will evolve with it and the ever changing circumstances of your life. Leveraging a sophisticated suite of analytic tools, as well as the extensive resources provided at Morgan Stanley, we can help you take charge of your financial future and achieve your goals. Below you will find more information on the tools we use and various resources when it comes to financial planning.
Portfolio Management Process Highlights
- Client Focus: Each account can be individually customized to help meet your requirements for growth, income or preservation of capital within your risk constraints.
- Active Management and Daily Oversight: Continual asset allocation and investment review.
- Quick & Timely Changes: Having discretionary authority gives us the flexibility to make timely decisions based on market events.
- Emotionless Decision Making: Discretionary decisions are made based on facts and investment strategy.
- Comprehensive Communications: Throughout your relationship, you'll have direct access to the investment professional managing your portfolio.
Goals Planning System (GPS)
The Goals Planning System (GPS) is Morgan Stanley's proprietary integrated planning tool. Built on the firm's intellectual capital and capabilities, GPS is an intuitive and efficient platform used to assess whether a client is "On Track" to achieving their financial goals.
What's the Difference Between Saving and Investing?
Many people use the terms "saving" and "investing" interchangeably. While these two concepts are related, they aren't exactly equal.
How to Simplify Your Life Through Financial Consolidation
Suffering from "account sprawl" because your various accounts are housed at many different financial institutions? New account options can help.
Total Wealth View
Total Wealth View is a service that allows you to view all your assets and liabilities together - whether held at Morgan Stanley or elsewhere.
Digital Tools at Morgan Stanley
At The Astra Group, we are dedicated to empowering you with the latest digital tools to help you manage your financial world with ease and confidence. Our suite of online services is designed to provide seamless access to your investments and financial information, so you can stay connected to your goals anytime, anywhere.
Morgan Stanley Online (MSO)
We understand the importance of having your financial information at your fingertips. With Morgan Stanley Online, you can manage your investments and everyday finances seamlessly, helping you stay connected to your financial goals anytime, anywhere.
Click Here To Enroll Today
Morgan Stanley Mobile App
Experience the convenience of managing your financial world on the go with the Morgan Stanley Mobile App. We are committed to providing you with tools that offer flexibility and control over your investments, right from your smartphone.
Click Here To Download
E-Authorization
Simplify your financial transactions with E-Authorization. The Astra Group offers this secure and efficient way to approve transactions, helping to keep your financial activities safe and streamlined.
Learn More Here
Digital Vault
Securely store and access your important financial documents with the Digital Vault. We provide this service to help keep your critical information protected and easily accessible whenever you need it.
Learn More HereAwards, Licenses, and Certifications
Thanks to the unwavering commitment to helping clients and families achieve their investment goals, members of The Astra Group have been awarded the following industry awards and recognitions:
Advanced Education & Credentials
Our team brings advanced education and professional credentials to help support your wealth management needs, including:
1. CFA® Charterholder – The CFA® charter is a globally recognized credential for investment analysis competence and integrity and portfolio management.
2. Series 3 – Commodities/futures registration held by several team members.
3. MBA – Advanced graduate business education held by several team members.
1. CFA® Charterholder – The CFA® charter is a globally recognized credential for investment analysis competence and integrity and portfolio management.
2. Series 3 – Commodities/futures registration held by several team members.
3. MBA – Advanced graduate business education held by several team members.
International Wealth Management
Working in international wealth management requires Financial Advisors with a keen sense of global awareness. The Astra Group comes from a diverse set of backgrounds, as their multicultural upbringings equip the team with a trilingual staff that is ready to conduct business in English, Spanish, and Portuguese.
Morgan Stanley Wealth Management President's Club
In 2019, Rodrigo Abucham was named to the President’s Club at Morgan Stanley Wealth Management, an elite group composed of the firm’s top Financial Advisors, for his consistent management services to clients.
Location
399 Park Ave 12th
Fl
New York, NY 10022
US
Direct:
(212) 315-6295(212) 315-6295
Toll-Free:
(866) 225-7903(866) 225-7903
Meet The Astra Group
Paul Comas
First Vice President, Financial Advisor, International Client Advisor
Phone:
(212) 315-6354(212) 315-6354
Phone:
(212) 893-6442(212) 893-6442
Scott Choy
Director of Business Strategy
Phone:
(212) 315-6268(212) 315-6268
Alexander Bragaglia
Client Service Associate
Phone:
(212) 315-6218(212) 315-6218
Andie Moran
Client Service Associate
Phone:
(212) 315-6305(212) 315-6305
About Rodrigo Artigas Abucham
Rodrigo is a Managing Director in the Wealth Management division of Morgan Stanley in New York City. He also serves as a Portfolio Manager, Financial Advisor, Futures Specialist and Director of Alternative Investments. He manages diverse asset classes for institutional clients and high-net-worth individuals worldwide.
Rodrigo began his career at Morgan Stanley in 2003 and steadily advanced through the ranks. In 2023, he earned the Chartered Financial Analyst® (CFA®) designation, considered the gold standard in financial management.
Originally from São Paulo, Brazil, Rodrigo came to the U.S. on a Division I tennis scholarship from Michigan State University where he graduated with a bachelor’s degree in General Management. He is currently pursuing his MBA at the prestigious Yale School of Management, with an emphasis in Asset Management.
Rodrigo lives in Manhattan with his wife and two sons. He is fluent in English, Portuguese, and Spanish. His interests include fine arts, kitesurfing, surfing, and martial arts.
Rodrigo began his career at Morgan Stanley in 2003 and steadily advanced through the ranks. In 2023, he earned the Chartered Financial Analyst® (CFA®) designation, considered the gold standard in financial management.
Originally from São Paulo, Brazil, Rodrigo came to the U.S. on a Division I tennis scholarship from Michigan State University where he graduated with a bachelor’s degree in General Management. He is currently pursuing his MBA at the prestigious Yale School of Management, with an emphasis in Asset Management.
Rodrigo lives in Manhattan with his wife and two sons. He is fluent in English, Portuguese, and Spanish. His interests include fine arts, kitesurfing, surfing, and martial arts.
Securities Agent: PR, MA, FL, CT, TX, MI, IL, AL, NY, NV, LA, NC, VI, VA, NJ, PA, CO, GA, WY, SD, DE, DC, CA, WA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1295615
NMLS#: 1295615
About Paul Comas
Paul Comas joined Morgan Stanley in 2002 and has developed substantial investment management experience since beginning his financial services career in 1990. He applies his experience and knowledge of the capital markets to help clients pursue their financial goals. To accomplish this, Paul personalizes each financial plan and investment portfolio.
Paul’s global perspective was formed early through study in Quito, Ecuador. He later worked in Brazil and traveled extensively throughout Latin America and Europe. These experiences—as well as ongoing business travel—have deepened his understanding of local financial and economic conditions across multiple countries. Paul is fluent in Portuguese and Spanish, which helps facilitate working effectively across cultures.
Paul holds the International Client Advisor designation and maintains his Series 7 and Series 3 licenses. He earned an MBA in Business Economics from Pace University in New York. A native of Chicago, Paul earned a bachelor’s degree in Political Science and International Relations from Northern Illinois University.
Outside of work, Paul plays basketball and softball and enjoys spending time with his family.
Paul’s global perspective was formed early through study in Quito, Ecuador. He later worked in Brazil and traveled extensively throughout Latin America and Europe. These experiences—as well as ongoing business travel—have deepened his understanding of local financial and economic conditions across multiple countries. Paul is fluent in Portuguese and Spanish, which helps facilitate working effectively across cultures.
Paul holds the International Client Advisor designation and maintains his Series 7 and Series 3 licenses. He earned an MBA in Business Economics from Pace University in New York. A native of Chicago, Paul earned a bachelor’s degree in Political Science and International Relations from Northern Illinois University.
Outside of work, Paul plays basketball and softball and enjoys spending time with his family.
Securities Agent: PA, GA, CO, PR, FL, MD, DC, CT, CA, WY, IL, VA, TX, SD, NC, MI, NV, NH, WA, AL, NY, NJ, MA, DE, VI, UT; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
About Andrea Czarniak
Andrea Czarniak has over 25 years of experience in the financial industry—including extensive experience trading securities, managing sales and trading teams, and originating lending and capital-markets transactions. She works closely with high-net-worth individuals and families in the U.S. and abroad. Fluent in Portuguese, Spanish and English, Andrea enjoys helping clients feel confident with their strategy by translating market insights into clear, actionable guidance that fits their unique goals, risk tolerance and life circumstances.
Andrea’s approach is highly collaborative and education-focused. She and The Astra Group are present whenever clients need them. Together they bring Morgan Stanley’s global resources and product expertise to each client relationship while maintaining a boutique, personalized experience.
Before joining Morgan Stanley in 2016, Andrea served as Head of the Trading Desk at Safra National Bank in New York City. Earlier, she opened and led the New York broker-dealer arm of the Itaú Group, one of Latin America’s largest financial conglomerates. Additionally, Andrea opened and led two New York-based broker-dealers for Portuguese financial groups. Those roles honed her ability to navigate varied market cycles, regulatory environments and cross-border client needs—skills she now channels into holistic wealth planning.
Born in Brazil, Andrea moved to the United States in 1986. She earned an MBA in International Business from Baruch College and holds a B.A. in Languages and Literature from Pontifícia Universidade Católica do Rio de Janeiro. Outside the office, she supports several cultural and philanthropic organizations, including the American Ballet Theatre, the New York City Ballet, the Metropolitan Opera, Baruch College and the Icla da Silva Foundation.
Andrea’s approach is highly collaborative and education-focused. She and The Astra Group are present whenever clients need them. Together they bring Morgan Stanley’s global resources and product expertise to each client relationship while maintaining a boutique, personalized experience.
Before joining Morgan Stanley in 2016, Andrea served as Head of the Trading Desk at Safra National Bank in New York City. Earlier, she opened and led the New York broker-dealer arm of the Itaú Group, one of Latin America’s largest financial conglomerates. Additionally, Andrea opened and led two New York-based broker-dealers for Portuguese financial groups. Those roles honed her ability to navigate varied market cycles, regulatory environments and cross-border client needs—skills she now channels into holistic wealth planning.
Born in Brazil, Andrea moved to the United States in 1986. She earned an MBA in International Business from Baruch College and holds a B.A. in Languages and Literature from Pontifícia Universidade Católica do Rio de Janeiro. Outside the office, she supports several cultural and philanthropic organizations, including the American Ballet Theatre, the New York City Ballet, the Metropolitan Opera, Baruch College and the Icla da Silva Foundation.
Securities Agent: VI, PA, NH, KY, SD, WY, OH, MO, KS, FL, CA, NV, AZ, UT, MT, GA, DC, CT, TX, NJ, CO, PR, NC, MA, ID, WA, ME, MD, IL, DE, VT, VA, TN, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 1959851
NMLS#: 1959851
About Scott Choy
Drawing on more than a decade of financial-services experience—and an earlier career in computer engineering—Jaymes “Scott” Choy brings a disciplined, detail-oriented perspective to every client relationship. As Director of Business Strategy for the team, he focuses on anticipating needs, streamlining processes and facilitating clear communication, so clients can spend more time pursuing the goals that matter most to them.
Scott joined Smith Barney in 2006 and transitioned to Morgan Stanley in 2009. Early in his tenure he earned recognition in the Firm’s Client Service Associate program, an initiative reserved for high-performing associates. Today he collaborates closely with the team’s Financial Advisors to support a holistic wealth-management experience—coordinating account logistics, assisting with investment implementation and troubleshooting day-to-day requests. Clients and colleagues alike value his proactive mindset, reliable follow-through and commitment to transparency.
Scott’s technical background informs his service philosophy: build robust systems, test for every scenario and never lose sight of the end user—in this case, the client. Whether integrating digital resources or refining internal workflows, he seeks to add clarity and consistency at each step of the client journey.
A lifelong New Yorker, Scott earned a Bachelor of Science in Computer Engineering from Lehigh University in Bethlehem, Pennsylvania. He holds the Series 7, 66 and 3 registrations.
Outside the office, Scott volunteers with local animal shelters and enjoys exploring New York City’s vibrant theatre scene, cheering on his favorite sports teams and discovering new dining spots. He also follows Formula One racing and appreciates opportunities to travel. He shares his home with two beloved cats.
Scott joined Smith Barney in 2006 and transitioned to Morgan Stanley in 2009. Early in his tenure he earned recognition in the Firm’s Client Service Associate program, an initiative reserved for high-performing associates. Today he collaborates closely with the team’s Financial Advisors to support a holistic wealth-management experience—coordinating account logistics, assisting with investment implementation and troubleshooting day-to-day requests. Clients and colleagues alike value his proactive mindset, reliable follow-through and commitment to transparency.
Scott’s technical background informs his service philosophy: build robust systems, test for every scenario and never lose sight of the end user—in this case, the client. Whether integrating digital resources or refining internal workflows, he seeks to add clarity and consistency at each step of the client journey.
A lifelong New Yorker, Scott earned a Bachelor of Science in Computer Engineering from Lehigh University in Bethlehem, Pennsylvania. He holds the Series 7, 66 and 3 registrations.
Outside the office, Scott volunteers with local animal shelters and enjoys exploring New York City’s vibrant theatre scene, cheering on his favorite sports teams and discovering new dining spots. He also follows Formula One racing and appreciates opportunities to travel. He shares his home with two beloved cats.
About Alexander Bragaglia
Alexander Bragaglia supports clients and his Morgan Stanley team with the same precision he once applied to civil engineering projects. Detail-oriented and responsive, he strives to understand each client’s unique circumstances so he can help deliver timely, well-organized service and a positive overall experience. Alex enjoys collaborating with individuals and families from around the world and is energized by seeing clients pursue the goals that matter most to them.
Before entering financial services, Alex earned a B.S. in Civil Engineering from Christian Brothers University in Memphis, where he also played collegiate soccer. The rigorous coursework sharpened his analytical skills and reinforced a lifelong comfort with numbers—a foundation he now applies to the complex calculations, data gathering and follow-through required in wealth management. Fluent in English, Portuguese and Spanish, Alex is adept at communicating across cultures and helping clients feel understood.
Away from the office, Alex channels his competitive spirit into endurance sports. A former competitive soccer player, he is currently training for triathlons with the long-term objective of completing a full IRONMAN® event. Alex also values time with his close-knit family, whose regular gatherings instilled the importance of support, accountability and trust—qualities he brings to every client relationship.
As he works toward earning his securities licenses, Alex looks forward to expanding his responsibilities and ultimately becoming a Financial Advisor. In the meantime, clients and colleagues alike benefit from his proactive mindset, engineering-honed attention to detail and genuine desire to help others succeed.
Before entering financial services, Alex earned a B.S. in Civil Engineering from Christian Brothers University in Memphis, where he also played collegiate soccer. The rigorous coursework sharpened his analytical skills and reinforced a lifelong comfort with numbers—a foundation he now applies to the complex calculations, data gathering and follow-through required in wealth management. Fluent in English, Portuguese and Spanish, Alex is adept at communicating across cultures and helping clients feel understood.
Away from the office, Alex channels his competitive spirit into endurance sports. A former competitive soccer player, he is currently training for triathlons with the long-term objective of completing a full IRONMAN® event. Alex also values time with his close-knit family, whose regular gatherings instilled the importance of support, accountability and trust—qualities he brings to every client relationship.
As he works toward earning his securities licenses, Alex looks forward to expanding his responsibilities and ultimately becoming a Financial Advisor. In the meantime, clients and colleagues alike benefit from his proactive mindset, engineering-honed attention to detail and genuine desire to help others succeed.
About Andie Moran
As a bilingual Registered Client Service Associate, Andrea (“Andie”) Morán helps create an inclusive, welcoming experience for every client she assists. Fluent in English and Spanish, she seeks to ensure that families can discuss their financial goals in the language they are most comfortable using—gaining the clarity and confidence needed to make well-informed decisions. Working closely with The Astra Group, Andie handles day-to-day account requests, facilitates timely transactions, and connects clients to the firm’s extensive digital and intellectual resources. Her proactive, detail-oriented style is rooted in a genuine desire to put herself “in the client’s shoes,” anticipate questions and provide thoughtful, respectful guidance at each step.
Andie entered the financial services industry in 2022 as a retail banker with TD Bank, where she developed strong face-to-face service skills and a passion for helping individuals navigate complex topics. She joined Morgan Stanley in late 2023, eager to deepen her impact by supporting multigenerational families and first-time investors alike.
A first-generation professional, Andie earned her bachelor’s degree in Marketing from Fairleigh Dickinson University’s Silberman College of Business in Teaneck, New Jersey. She holds the Series 7 and Series 66 registrations.
Active in her community, Andie enjoys supporting local small businesses in her hometown of Jersey City and previously contributed to her university’s Women in Business Club. Born in Guayaquil, Ecuador and raised in New Jersey from the age of three, she is motivated by the opportunity to honor her family’s journey and make them proud. Outside the office, she can be found reading, ice-skating, drawing/painting, or spending time with her close-knit family—including two nieces, a nephew, and a godson.
Andie entered the financial services industry in 2022 as a retail banker with TD Bank, where she developed strong face-to-face service skills and a passion for helping individuals navigate complex topics. She joined Morgan Stanley in late 2023, eager to deepen her impact by supporting multigenerational families and first-time investors alike.
A first-generation professional, Andie earned her bachelor’s degree in Marketing from Fairleigh Dickinson University’s Silberman College of Business in Teaneck, New Jersey. She holds the Series 7 and Series 66 registrations.
Active in her community, Andie enjoys supporting local small businesses in her hometown of Jersey City and previously contributed to her university’s Women in Business Club. Born in Guayaquil, Ecuador and raised in New Jersey from the age of three, she is motivated by the opportunity to honor her family’s journey and make them proud. Outside the office, she can be found reading, ice-skating, drawing/painting, or spending time with her close-knit family—including two nieces, a nephew, and a godson.
Contact Rodrigo Artigas Abucham
Contact Paul Comas
Contact Andrea Czarniak
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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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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
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
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- Long Term Care Insurance
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Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
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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
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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 Astra Group today.
1Morgan 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Investing in futures and options on futures contracts entails significant risks. Prices of futures and options on futures contracts may be affected by a variety of factors at any time, including but not limited to, (i) changes in supply and demand relationships, (ii) governmental programs and policies, (iii) national and international political and economic events, war and terrorist events, (iv) changes in interest and exchange rates, (v) trading activities in the underlying assets or commodities and related contracts, (vi) pestilence, technological change and weather and (vii) the price volatility of a commodity or asset. In addition, the futures markets may be subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
5Investing in commodities entails significant risks. The commodities markets may fluctuate widely based on a variety of factors including changes in supply and demand relationships; governmental programs and policies; national and international political and economic events; war and terrorist events; changes in interest and exchange rates; trading activities in commodities and related contracts; pestilence; weather; technological change; and, the price volatility of a commodity. In addition, the commodities markets are subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
6GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
9Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
10Morgan 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
11Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
13Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
14Morgan 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.
15When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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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.
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For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4Investing in futures and options on futures contracts entails significant risks. Prices of futures and options on futures contracts may be affected by a variety of factors at any time, including but not limited to, (i) changes in supply and demand relationships, (ii) governmental programs and policies, (iii) national and international political and economic events, war and terrorist events, (iv) changes in interest and exchange rates, (v) trading activities in the underlying assets or commodities and related contracts, (vi) pestilence, technological change and weather and (vii) the price volatility of a commodity or asset. In addition, the futures markets may be subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
5Investing in commodities entails significant risks. The commodities markets may fluctuate widely based on a variety of factors including changes in supply and demand relationships; governmental programs and policies; national and international political and economic events; war and terrorist events; changes in interest and exchange rates; trading activities in commodities and related contracts; pestilence; weather; technological change; and, the price volatility of a commodity. In addition, the commodities markets are subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.
6GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
9Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
10Morgan 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
11Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
13Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
14Morgan 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.
15When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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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
CRC 4665150 (8/2025)
