Senior Vice President, Financial Advisor, Family Wealth Advisor, Portfolio Management Director
Phone:
(214) 696-7028(214) 696-7028
The Nicholas Group at Morgan Stanley
Direct:
(214) 696-7028(214) 696-7028
Our Mission Statement
Comprehensive solutions to help grow and protect your hard-earned assets
Our Story and Services
The Nicholas Group at Morgan Stanley is a comprehensive wealth management practice headquartered in Dallas, Texas. The team has over one-hundred years of combined experience working with individuals and businesses in the DFW area and across the country.
Our Services:
- We work for the financial success of your family, your business, and the causes that you support
- We are passionate about helping you understand financial markets, build wealth, retire comfortably, and leave a lasting legacy to family and loved ones
- We implement powerful strategies to address both short- and long-term goals, and we pride ourselves on your achievement of those goals
Services Include
- Professional Portfolio ManagementFootnote1
- Financial PlanningFootnote2
- Business Succession PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Investment Strategies for Family Offices
- Corporate Retirement PlansFootnote5
- Donor Advised Funds
- Long-term Care InsuranceFootnote6
- SyndicateFootnote7
- Alternative InvestmentsFootnote8
- Fixed IncomeFootnote9
- Municipal BondsFootnote10
- Certificates of DepositFootnote11
- Cash ManagementFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our financial planning process is designed to help you achieve your financial goals through a personalized and comprehensive approach. Whatever stage in life you find yourself, we always prioritize understanding your unique circumstances, values, and objectives to create a customized financial plan tailored to your needs. Business financial planning follows the same process - take a look below:
Step 1: Discovery Meeting
Our relationship begins with a thorough understanding of your needs, priorities, and lifestyle. We will collaborate to establish your financial goals by reviewing your current financial situation and developing a suitable risk tolerance that will ultimately help you achieve the financial outcome you envision.
→ Click here to get in touch with our financial planning specialist
Step 2: Financial Plan Presentation
Financial plans map out essential factors that play into your success including your asset allocation, savings plan, liquidity events, and risk management plan. Reviewing your financial plan together allows us to carefully examine the results that we are confident you will achieve and map out the action steps needed to keep you on track. Once we have established a course of action, we can work to identify the solutions that will produce your desired results.
Step 3: Implementation
We will work together to identify the appropriate accounts and strategies suitable for you based on your risk tolerance, goals, investment experience, and personal preferences. We will walk through the implementation process, which involves using Morgan Stanley’s full suite of resources to ensure we can meet your goals with the best possible asset allocation, tax efficiency, and professional investment analysis. Above all else, we will make sure that every aspect of your implementation plan is laid out with detail and clearly understood.
Step 4: Monitoring and Performance Tracking
Aside from regular visits to review your investment performance, you will receive a progress report on your financial plan each quarter. We take pride in being proactive, rather than reactive, when managing the wealth of our clients. We understand that as your life progresses and your needs change, it is our duty to get out in front and put the pieces of the puzzle together. At the end of the day, we work to keep you ahead of the curve so that you can make important decisions with confidence.
→ Access our financial planning questionnaireAs your dedicated wealth management team, we will tailor a personalized strategy that fits your needs. In our experience working with clients, we have developed a step-by-step, collaborative approach to service. We look forward to learning more about you and sharing our approach that is designed to enrich your life both today and tomorrow:
Trust, Tax & Estate Planning
Comprehensive overview for creating a successful Trust, Tax & Estate Plan
Tax Efficient Investing
Integrate tax considerations into your investment strategy throughout the year
Alternatives Investments
Incorporate Alternative Investments into your overall allocation to diversify your exposureDEDICATED SERVICE
The Nicholas Group has deep roots in the community and a deeper commitment to sustaining its character for future generations. As a father-daughter team, they understand the importance of supporting causes that impact parents as well as the legacy of their children.
The Nicholas Group supports various initiatives with an emphasis on military families and “Wealth and Wellness” programs for women and their family members.
The Nicholas Group supports various initiatives with an emphasis on military families and “Wealth and Wellness” programs for women and their family members.
Military Families
A Green Beret, James remains loyal to his military roots and passes his values down to Maria, who is very active in supporting local military families. Since 2010, Maria and her husband Edward have provided a home environment for military children stationed all over the world. The children often visit their home for holidays, birthdays, in between flights, and even to get married! Maria and her husband are their family when they can’t be with their own.
Women, Wealth and Wellness
Offering financial advice specific to women is often overlooked by most wealth management professionals. To fill this void, The Nicholas Group developed its “Women, Wealth and Wellness” events, which are designed to empower women to take charge of their finances. To date, hundreds of women in the greater San Antonio area have attended the events and are now implementing strategies designed to grow and preserve their hard-earned assets.
Giving Back
Morgan Stanley is committed to giving back to the communities where we live and work through long-lasting partnerships, community-based delivery and engaging our best asset.
Click here to learn more >
Morgan Stanley Charitable Giving
Morgan Stanley charitable giving allows for a smart way to give to causes you care about. It is a simple, thoughtful, and tax-advantageous way to support your favorite charities. Contributions are professionally managed and invested, allowing for potential growth of assets. In our Investing with Impact Pools, assets have the potential to grow tax-free, and generate positive environmental and social impact.
Click here to learn more >Morgan Stanley Investment Management is a leading provider of alternative investment strategies with expertise that spans across private equity, private credit, hedge funds, real estate, infrastructure and managed futures markets.
The Nicholas Group is dedicated to serving the unique needs of their clients by delivering exceptional portfolios and custom alternative investment programs.
The Nicholas Group is dedicated to serving the unique needs of their clients by delivering exceptional portfolios and custom alternative investment programs.
Private Credit
Private Credit investing is an essential component of Morgan Stanley Investment Management’s alternative investments platform. We manage a well-defined group of strategies and seek to deliver attractive returns to our investors by forging successful partnerships with our portfolio companies.
Learn More About Private Credit
Private Real Estate
Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management arm of Morgan Stanley. With ~200 professionals in 17 offices across 13 countries plus decades of experience investing internationally, MSREI is uniquely positioned to execute core and opportunistic strategies globally.
Learn More About Private Real Estate
Private Equity
Our private equity teams invest in segments of the market that, in our view, are generally underserved by other providers of private capital. We invest directly in private businesses and also allocate capital to compelling fund managers, secondary market opportunities and co-investments on behalf of our limited partners. We seek situations where we believe our expertise, reputation and access to the unparalleled resources of Morgan Stanley will enable us to generate attractive risk-adjusted returns.
Learn More About Private Equity
Infrastructure
Morgan Stanley Investment Management has been investing in infrastructure assets on a global basis for over 10 years. We have since emerged as one of the industry’s leading direct infrastructure investment platforms with offices in New York, London, Melbourne, Hong Kong, Amsterdam and Mumbai.
Learn More About Infrastructure
Hedge Funds
We specialize in delivering a broad range of hedge fund portfolio solutions to a global client base. Our strategies include custom hedge fund portfolios; broadly-diversified, opportunistic and strategy-specific funds; and advisory services
Learn More About Hedge Funds
Custom Multi-Asset Solutions
We specialize in managing custom alternative investment solutions that enable financial advisors to address the unique risk, return and liquidity objectives of their clients.
Learn More About Custom Multi-Asset SolutionsLocation
8383 Preston Center Plz
Ste 400
Dallas, TX 75225
US
Direct:
(214) 696-7028(214) 696-7028
Meet The Nicholas Group
Phone:
(214) 696-7046(214) 696-7046
Rebecca Poff
Senior Registered Associate
Phone:
(214) 696-7026(214) 696-7026
Cailey A. Patterson
Team Administrator
Phone:
(214) 907-9144(214) 907-9144
About Maria M Nicholas
As a Senior Vice President, Financial Advisor, Family Wealth Advisor, and Portfolio Management Director with The Nicholas Group at Morgan Stanley, Maria boasts a robust history in financial advising, having been in the industry since 1991, and dedicating two decades to Morgan Stanley. Growing up amidst the world of finance in Dallas, she learned the intricate art of wealth management by observing and assisting in her father’s thriving practice. This hands-on experience fostered in Maria an appreciation for the power of markets and their potential to create lasting financial legacies for families.
Maria brings a unique perspective as a second-generation advisor who understands the evolving financial needs of her clients. This deep-rooted connection positions her to not just advise, but to partner with her clients. She strives to ensure they navigate life’s financial milestones with assurance and clarity.
For Maria, it's about building lasting relationships, understanding your family's aspirations, and ensuring your wealth journey is secure and promising. Her academic foundation, with a BBA in Finance from the University of Texas at Austin and an MBA from The McCombs School of Business, combined with her Series 7, Series 31, Series 63, and Series 65 licenses, ensures you're partnering with a well-qualified expert.
Outside of crafting financial strategies, Maria is the heart of her own family's gatherings, echoing her belief in the importance of community, legacy, and nurturing bonds.
Maria brings a unique perspective as a second-generation advisor who understands the evolving financial needs of her clients. This deep-rooted connection positions her to not just advise, but to partner with her clients. She strives to ensure they navigate life’s financial milestones with assurance and clarity.
For Maria, it's about building lasting relationships, understanding your family's aspirations, and ensuring your wealth journey is secure and promising. Her academic foundation, with a BBA in Finance from the University of Texas at Austin and an MBA from The McCombs School of Business, combined with her Series 7, Series 31, Series 63, and Series 65 licenses, ensures you're partnering with a well-qualified expert.
Outside of crafting financial strategies, Maria is the heart of her own family's gatherings, echoing her belief in the importance of community, legacy, and nurturing bonds.
Securities Agent: SC, CA, RI, ND, NC, LA, IL, DE, KY, IA, HI, CT, CO, AL, SD, PA, OH, NH, MI, MA, ID, WY, WI, MD, NM, ME, TX, NY, OK, AZ, VA, NV, MO, AR, PR, NJ, NE, MS, GA, FL, DC, WA, TN, OR, MT; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1279282
CA Insurance License #: CA Insurance # 0I79207
NMLS#: 1279282
CA Insurance License #: CA Insurance # 0I79207
About Tyler McAndrews
As a Financial Advisor, Financial Planning Specialist, and CFP® with Morgan Stanley, Tyler's journey in wealth management is marked by dedication and insight. Tyler began with the firm as an intern optimizing systematic portfolio strategies, then honing his skills as a Financial Advisor and Financial Planning Specialist.
Tyler's experience in financial markets traces back to his lineage of business owners and investment professionals. Encouraged by them to begin investing his caddie earnings in his early teens, Tyler's passion for investing goes beyond just his profession - it is who he is.
Tyler received his BSBA in Finance from Elon University and spent semesters abroad in both Cuba and Singapore - two contrasting economies that taught Tyler the value of wealth preservation in difficult environments. Tyler advocates for financial education at an early age, citing his own positive experiences as being easily replicated.
Tyler's experience in financial markets traces back to his lineage of business owners and investment professionals. Encouraged by them to begin investing his caddie earnings in his early teens, Tyler's passion for investing goes beyond just his profession - it is who he is.
Tyler received his BSBA in Finance from Elon University and spent semesters abroad in both Cuba and Singapore - two contrasting economies that taught Tyler the value of wealth preservation in difficult environments. Tyler advocates for financial education at an early age, citing his own positive experiences as being easily replicated.
Securities Agent: AR, GA, NH, MD, LA, IL, CT, OK, ID, AL, TX, NJ, MT, NV, NM, ME, MA, FL, NE, NC, MO, IA, DE, WY, OR, OH, NY, MI, KY, WA, TN, SC, HI, PR, SD, MS, DC, CO, AZ, RI, CA, WI, VA, PA, ND; General Securities Representative; Investment Advisor Representative
NMLS#: 2470919
NMLS#: 2470919
About Cailey A. Patterson
A Houston native, Cailey Patterson earned her MA in Economics and International Relations from the University of St Andrews in Scotland. Before joining Morgan Stanley as the Team Administrator, she was the team's intern for two consecutive summers, equipping her with a comprehensive understanding of Wealth Management.
At Morgan Stanley, Cailey has established herself as a dedicated professional, continuously aiming to provide financial solutions tailored to individual client needs. With her firm foundation in economics and a forward-thinking approach, she offers strategic insights to help clients navigate the complexities of finance and make informed decisions.
Beyond her core profession, Cailey's interests span motorsport, notably Formula 1, engineering, and emerging tech. As the Executive Director of her University's Formula Student team and a member of the Institution of Mechanical Engineers (IMechE), she displays her multifaceted talents. Further emphasizing her commitment to innovation, Cailey contributed to the Carbotnic podcast, exploring clean tech and renewable developments.
Outside of her professional life, Cailey enjoys the finesse of equestrian polo. Clients at Morgan Stanley can anticipate not only her enthusiasm for her work, but also her attention to detail.
At Morgan Stanley, Cailey has established herself as a dedicated professional, continuously aiming to provide financial solutions tailored to individual client needs. With her firm foundation in economics and a forward-thinking approach, she offers strategic insights to help clients navigate the complexities of finance and make informed decisions.
Beyond her core profession, Cailey's interests span motorsport, notably Formula 1, engineering, and emerging tech. As the Executive Director of her University's Formula Student team and a member of the Institution of Mechanical Engineers (IMechE), she displays her multifaceted talents. Further emphasizing her commitment to innovation, Cailey contributed to the Carbotnic podcast, exploring clean tech and renewable developments.
Outside of her professional life, Cailey enjoys the finesse of equestrian polo. Clients at Morgan Stanley can anticipate not only her enthusiasm for her work, but also her attention to detail.
Contact Maria M Nicholas
Contact Tyler McAndrews
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
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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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
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
Donor Advised Funds: A Smart Way to Manage Your Giving
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Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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Ready to start a conversation? Contact The Nicholas Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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.
3Morgan 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.
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.
5When 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.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Participating 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.
8Alternative 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Municipal 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.
11Investors 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.
12Morgan 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
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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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
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.
3Morgan 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.
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.
5When 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.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Participating 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.
8Alternative 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.
9Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
10Municipal 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.
11Investors 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.
12Morgan 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
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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)
