Robert Newman
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager
Phone:
(775) 823-8690(775) 823-8690
The Newman Group at Morgan Stanley
Direct:
(775) 823-8690(775) 823-8690
Our Mission Statement
Our mission is to guide individuals, families and businesses through every stage of life with clarity, support and confidence. We provide thoughtful, customized, and actively managed portfolios that align with what goals matter most, today and for generations to come.
Welcome!
The Newman Group at Morgan Stanley is a comprehensive wealth management practice that was headquartered in Los Angeles, CA and is now extending to Reno, NV and Marin, CA. With the common goal of providing a cost aware and goals based approach to investing; Robert and Dylan are passionate about working with their clients.
Their practice includes asset management, retirement planning, estate planning strategies and tax management strategies, insurance and most importantly, lifestyle preservation strategies.
The Newman Group views each client's personal situation, financial profile, and family dynamics as entirely unique; as such, they custom tailor their approach, portfolios, and planning suggestions. They pride themselves on constructing and managing investment portfolios, performing in-house due diligence as part of their process while leveraging the resources of one of the world’s premier global wealth management firms, Morgan Stanley*. Finally, they are committed to providing a high level of professionalism, intellectual creativity, and entrepreneurial spirit to our clients.
“We enjoy helping our clients feel more confident and prepared for the future” -Robert Newman.
Their practice includes asset management, retirement planning, estate planning strategies and tax management strategies, insurance and most importantly, lifestyle preservation strategies.
The Newman Group views each client's personal situation, financial profile, and family dynamics as entirely unique; as such, they custom tailor their approach, portfolios, and planning suggestions. They pride themselves on constructing and managing investment portfolios, performing in-house due diligence as part of their process while leveraging the resources of one of the world’s premier global wealth management firms, Morgan Stanley*. Finally, they are committed to providing a high level of professionalism, intellectual creativity, and entrepreneurial spirit to our clients.
“We enjoy helping our clients feel more confident and prepared for the future” -Robert Newman.
Services Include
- Financial PlanningFootnote1
- Asset Management
- Retirement PlanningFootnote2
- 401(k) Rollovers
- Lending Products
- Alternative InvestmentsFootnote3
- Estate Planning StrategiesFootnote4
- Fixed IncomeFootnote5
- Planning for Individuals with Special Needs
- 529 PlansFootnote6
- Structured ProductsFootnote7
- Cash ManagementFootnote8
- Certificates of DepositFootnote9
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Together, we’ll build a purposeful financial plan
Initially, we'll craft a personalized plan that aims to reduce decision fatigue, define clear investment categories, and create a roadmap forward, including systems to put as much as possible on autopilot
Following this, we collaborate to design an investment portfolio that aims to reflect your unique values and goals. As your dedicated financial advisors, Bob and Dylan strive to help you navigate major life decisions, and help align choices with both your intellect and emotions. Our aim is to simplify complexities, to help provide you with confidence and the freedom to direct your energy toward what truly matters to you. With us, it's more than wealth management; it's about pursuing a future that resonate with your aspirations.
Following this, we collaborate to design an investment portfolio that aims to reflect your unique values and goals. As your dedicated financial advisors, Bob and Dylan strive to help you navigate major life decisions, and help align choices with both your intellect and emotions. Our aim is to simplify complexities, to help provide you with confidence and the freedom to direct your energy toward what truly matters to you. With us, it's more than wealth management; it's about pursuing a future that resonate with your aspirations.
Step 1: Intro Meeting
Our relationship with you begins with a conversation. During this introductory meeting, we take the time to learn about you, your financial priorities, and what you hope to accomplish so we can determine how we may be able to help.
Step 2: Onboarding
Once we decide to work together, we guide you through the onboarding process and gather the information needed to better understand your full financial picture. This step helps us establish a strong foundation for a personalized planning experience.
Step 3: Financial Plan Introduction Call
During the financial plan introduction call, we discuss your goals in greater detail and clarify any key assumptions, preferences, or concerns. This conversation helps ensure that the plan we develop reflects your current needs, long-term objectives, and overall vision.
Step 4: Reviewing Your Financial Plan
We review your financial plan with you in a clear and thoughtful way, highlighting where you stand today and how different strategies may support your goals. This step is designed to help you better understand your options and feel informed as we move forward.
Step 5: Presenting Our Reccomendations
After reviewing your plan, we present tailored recommendations designed to align with your goals, risk tolerance, time horizon, and financial circumstances. We walk through each recommendation together and answer your questions so you can make confident, informed decisions.
Step 6: Monitoring Your Plan
Your financial plan is not a one-time exercise; it should evolve as your life, goals, and market conditions change. We continue to monitor your progress, revisit your plan regularly, and make adjustments as needed to help keep you on track.
Portfolio Management
Your portfolio in the Portfolio Management program is designed to help meet your specific financial needs and is managed on a fully discretionary basis by our Portfolio Managers, Bob and Dylan.
Bob and Dylan harness the global resources of Morgan Stanley to monitor events influencing your financial objectives, studying trends that shape the investment landscape and impact your portfolio's performance. Their strategic approach involves opportunistic buying, balancing growth and value to optimize your investments.
You'll find that Bob and Dylan's portfolio management experience, training and investment philosophy offers guidance - both ongoing portfolio management decisions and understanding investment risk while keeping your long-term goals in focus.
The Portfolio Management program's four-step process helps you develop a long-term perspective about your investments: Your Portfolio Managers, Bob and Dylan, will:
Bob and Dylan harness the global resources of Morgan Stanley to monitor events influencing your financial objectives, studying trends that shape the investment landscape and impact your portfolio's performance. Their strategic approach involves opportunistic buying, balancing growth and value to optimize your investments.
You'll find that Bob and Dylan's portfolio management experience, training and investment philosophy offers guidance - both ongoing portfolio management decisions and understanding investment risk while keeping your long-term goals in focus.
The Portfolio Management program's four-step process helps you develop a long-term perspective about your investments: Your Portfolio Managers, Bob and Dylan, will:
1. Establish Financial Objectives
Work with you to establish a realistic set of objectives based on your financial goals, time horizon, liquidity needs and tolerance to volatility and risk.
2. Define Investment Strategy
Develop an investment strategy designed to help produce optimal portfolio performance: the highest return potential consistent with the strategy's level of risk.
3. Evaluate and Select Investments
Leverage the global resources of Morgan Stanley to select investments to implement your personal strategy.
4. Ongoing Review Process
Track your portfolio's performance relative to your stated objectives - and modify the portfolio on a discretionary basis as your needs and circumstances change over time.
Wealth Planning
At any life stage — be it advancing in your career, savoring retirement, or navigating the in-between — The Newman Group is here as your dedicated Financial Advisors, ready to guide you towards your financial goals.
Using a suite of tools that includes goal-specific analysis, Dylan, our wealth planning specialist, can work with you to create a realistic, holistic strategy that integrates the various aspects of your financial life, including your investments and cash management needs.
We can create your personal roadmap to help achieve and protect your goals — a framework that makes the connection between your life goals and your financial resources and provides a baseline for future discussions.
Using a suite of tools that includes goal-specific analysis, Dylan, our wealth planning specialist, can work with you to create a realistic, holistic strategy that integrates the various aspects of your financial life, including your investments and cash management needs.
We can create your personal roadmap to help achieve and protect your goals — a framework that makes the connection between your life goals and your financial resources and provides a baseline for future discussions.
Retirement
Leading up to and through retirement, The Newman Group helps you identify the most appropriate ways to obtain the income you need and help ensure that you are on track to achieve for financial goals.
Wealth Planning
We take a holistic approach to bring all the aspects of your financial life together. We use our analysis and experience to develop a customized plan for you.
Educational
We take a holistic approach to bring all the aspects of your financial life together. We use our analysis and experience to develop a customized plan for you.
Managing your liquidity needs
We manage savings is by using Morgan Stanley’s Spending and Budgeting tool. These tools help us monitor client cash flows across both internal and external accounts. It also tracks spending patterns and produces an income and expense analysis to help our clients achieve their goals by adjusting their spending behavior when necessary.
Location
5390 Kietzke Lane
Suite 200
Reno, NV 89511
US
Direct:
(775) 823-8690(775) 823-8690
Meet The Newman Group
Dylan Schoeben
Vice President, Wealth Management, Financial Advisor
Phone:
(415) 482-2788(415) 482-2788
Ashley Spikula
Client Service Associate
Phone:
(775) 982-8625(775) 982-8625
Nate Lopez
Phone:
(415) 482-1553(415) 482-1553
About Robert Newman
With over two decades of experience in investment management, Robert Newman is a seasoned Financial Advisor and Senior Vice President and Portfolio Manager at The Newman Group, Morgan Stanley. Throughout his career, Robert has cultivated a deep passion for guiding clients towards surpassing their financial objectives. He is dedicated to ensuring that clients gain a clear understanding of their financial standing and can articulate their goals for retirement.
As a founding member of The Newman Group, Robert focuses on serving high-net-worth individuals and families, focusing on those with a liquid net worth of $1 million or more. However, he occasionally extends his experience to clients whose financial situations present unique opportunities for significant impact. Beyond managing investment portfolios and retirement accounts, Robert and his team provide comprehensive financial solutions, including lending services and guidance during liquidity events such as business sales and inheritances.
Drawing upon his affiliation with Morgan Stanley Wealth Management, Robert leverages access to world-class research and collaborates with senior investment professionals within and outside the firm to deliver exceptional service and insights to clients.
Outside of his professional endeavors, Robert cherishes his role as a husband and father to four wonderful children, including his youngest son who was adopted from Malawi, Africa. Together with his wife, who is a retired senior executive at Morgan Stanley, Robert instills the values of "sharing and caring" in their family, emphasizing the importance of giving back to the community and nurturing a culture of philanthropy.
As a founding member of The Newman Group, Robert focuses on serving high-net-worth individuals and families, focusing on those with a liquid net worth of $1 million or more. However, he occasionally extends his experience to clients whose financial situations present unique opportunities for significant impact. Beyond managing investment portfolios and retirement accounts, Robert and his team provide comprehensive financial solutions, including lending services and guidance during liquidity events such as business sales and inheritances.
Drawing upon his affiliation with Morgan Stanley Wealth Management, Robert leverages access to world-class research and collaborates with senior investment professionals within and outside the firm to deliver exceptional service and insights to clients.
Outside of his professional endeavors, Robert cherishes his role as a husband and father to four wonderful children, including his youngest son who was adopted from Malawi, Africa. Together with his wife, who is a retired senior executive at Morgan Stanley, Robert instills the values of "sharing and caring" in their family, emphasizing the importance of giving back to the community and nurturing a culture of philanthropy.
Securities Agent: CO, AZ, WA, TN, GA, CA, TX, NV, MD, WI, MT, IL, FL, MN, SC, DE, VA, MA, CT, NY; General Securities Representative; Investment Advisor Representative
NMLS#: 1288175
NMLS#: 1288175
About Dylan Schoeben
As a Financial Advisor and Financial Planning Specialist for The Newman Group at Morgan Stanley, I am dedicated to providing exceptional financial guidance and support to our clients. Working alongside Robert Newman, Financial Advisor, as well as Ashley Spikula and Nate Lopez, our team’s Client Service Associates, we are committed to helping individuals and families pursue their financial goals.
I thrive on assisting clients in realizing their aspirations. I find great satisfaction in providing opportunities and services that aim to exceed their expectations. I am committed to being timely and available for my clients, not only in a financial advisory capacity, but also as a trusted resource and life coach, helping them navigate both financial and personal challenges.
I take great pride in being a mom to two young children, and I am grateful for the perspective this role has given me both personally and professionally. Parenthood has helped me better understand the many financial responsibilities families face, from day-to-day expenses to longer-term priorities such as education planning, saving for the future, and creating financial stability. I understand how important it is to build a life that supports your family and loved ones, while also planning for the unexpected. This experience allows me to connect with clients who are balancing competing priorities and looking for thoughtful guidance as they work toward providing for the people who matter most.
Let's connect to explore how I can assist you in achieving your personal financial goals and aspirations.
I thrive on assisting clients in realizing their aspirations. I find great satisfaction in providing opportunities and services that aim to exceed their expectations. I am committed to being timely and available for my clients, not only in a financial advisory capacity, but also as a trusted resource and life coach, helping them navigate both financial and personal challenges.
I take great pride in being a mom to two young children, and I am grateful for the perspective this role has given me both personally and professionally. Parenthood has helped me better understand the many financial responsibilities families face, from day-to-day expenses to longer-term priorities such as education planning, saving for the future, and creating financial stability. I understand how important it is to build a life that supports your family and loved ones, while also planning for the unexpected. This experience allows me to connect with clients who are balancing competing priorities and looking for thoughtful guidance as they work toward providing for the people who matter most.
Let's connect to explore how I can assist you in achieving your personal financial goals and aspirations.
Securities Agent: OR, UT, NJ, MI, MA, DE, TX, FL, WI, OK, NY, AZ, NC, IL, CO, VA, NV, GA, MD, CT, WA, TN, MN, HI, CA, MT, IN, SC; General Securities Representative; Investment Advisor Representative
NMLS#: 1925837
NMLS#: 1925837
Contact Robert Newman
Contact Dylan Schoeben
Wealth Management
Global Investment Office
Portfolio Insights
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
Iran Conflict: Seven Takeaways for Investors
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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
Ready to start a conversation? Contact The Newman Group today.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
4Morgan 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.
5Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
6Investors 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.
7Structured 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.
8Morgan 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
9Investors 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.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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.
4Morgan 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.
5Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
6Investors 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.
7Structured 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.
8Morgan 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
9Investors 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.
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
CRC 4665150 (8/2025)
