Michael Hack
Executive Director, Wealth Management, Wealth Advisor, Senior Portfolio Manager
Phone:
(408) 947-3724(408) 947-3724
The Noesis Group at Morgan Stanley
Direct:
(408) 947-2277(408) 947-2277
Toll-Free:
(800) 444-4752(800) 444-4752
Our Mission Statement
The Noesis Group exercises reason with compassion to help ensure our clients have a holistic plan for their financial futures.
About Us
Our clients believe, as we do, in the importance of building longstanding relationships with their financial advisors. They have grown to depend on our ability to deeply listen to them, so we may clearly articulate their goals and aspirations. And above all, they have come to appreciate our true passion for wanting to help them solve their financial challenges.
With an emphasis on education and a commitment to outstanding service, our highly-personalized approach begins with gaining a thorough knowledge of you, as well as your vision for the future. This information serves as the foundation for your custom-tailored wealth management plan; one that is carefully structured to navigate today’s sophisticated markets and tomorrow’s uncertainties. Over the years, we have helped our clients go beyond the “noise” of the industry so they may stay disciplined and focused on their long-term objectives.
At The Noesis Group, we are a multi-generational team. Our group’s unique demographics represent every stage of life and every family dynamic -- from children and grandchildren to college students and aging parents. We enjoy sharing our “real world” experiences with our clients, offering perspective and financial guidance as they take on new challenges at each phase. Committed to helping you grow and protect your assets, we will work to earn your trust, so we may proudly be recognized as your financial family through every one of life’s important milestones.
With an emphasis on education and a commitment to outstanding service, our highly-personalized approach begins with gaining a thorough knowledge of you, as well as your vision for the future. This information serves as the foundation for your custom-tailored wealth management plan; one that is carefully structured to navigate today’s sophisticated markets and tomorrow’s uncertainties. Over the years, we have helped our clients go beyond the “noise” of the industry so they may stay disciplined and focused on their long-term objectives.
At The Noesis Group, we are a multi-generational team. Our group’s unique demographics represent every stage of life and every family dynamic -- from children and grandchildren to college students and aging parents. We enjoy sharing our “real world” experiences with our clients, offering perspective and financial guidance as they take on new challenges at each phase. Committed to helping you grow and protect your assets, we will work to earn your trust, so we may proudly be recognized as your financial family through every one of life’s important milestones.
Services Include
- 401(k) Rollovers
- 529 PlansFootnote1
- Asset Management
- Divorce Financial AnalysisFootnote2
- Financial PlanningFootnote3
- Fixed IncomeFootnote4
- LGBT+ Planning ServicesFootnote5
- Municipal BondsFootnote6
- Retirement PlanningFootnote7
- Sustainable InvestingFootnote8
- AnnuitiesFootnote9
- Corporate Retirement PlansFootnote10
- Endowments and FoundationsFootnote11
- Lending Products
- Professional Portfolio ManagementFootnote12
- Wealth Consulting
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Experience
The Noesis Group is a closely-knit team of seasoned professionals with a complementary set of skills, knowledge and experience. We work diligently to provide our clients with exceptional service, objective advice and the benefit of our collective wisdom.
Together, we have more than 85 collective years of industry experience, providing highly customized advice, investment solutions and wealth management services to financially successful individuals, multi-generational families, retirees and business owners located in Silicon Valley and across the country.
Over the years, we have developed a strong understanding of economics and are well versed in the equity and fixed income markets. We have cultivated skills in investment management, retirement and estate planning strategies, and corporate retirement plans. Most importantly, we take pride in our ability to effectively communicate advanced concepts, putting them into action, so our clients can achieve financial independence.
At The Noesis Group, our ultimate purpose is to empower our clients to make informed decisions about their future. We work carefully to demystify the planning process by understanding their goals and values, and articulating the key activities needed to achieve their specific goals. Most importantly, we focus on creating long-term, trusting relationships with individuals and families to help them simplify their lives, so they may pursue their passions and enjoy the wealth they’ve created.
Together, we have more than 85 collective years of industry experience, providing highly customized advice, investment solutions and wealth management services to financially successful individuals, multi-generational families, retirees and business owners located in Silicon Valley and across the country.
Over the years, we have developed a strong understanding of economics and are well versed in the equity and fixed income markets. We have cultivated skills in investment management, retirement and estate planning strategies, and corporate retirement plans. Most importantly, we take pride in our ability to effectively communicate advanced concepts, putting them into action, so our clients can achieve financial independence.
At The Noesis Group, our ultimate purpose is to empower our clients to make informed decisions about their future. We work carefully to demystify the planning process by understanding their goals and values, and articulating the key activities needed to achieve their specific goals. Most importantly, we focus on creating long-term, trusting relationships with individuals and families to help them simplify their lives, so they may pursue their passions and enjoy the wealth they’ve created.
Working With You
We believe achieving your financial goals begins with a well-crafted wealth management plan, a prudent investment philosophy and a proven process that is followed with diligence and discipline. Our five-step process provides the context to develop highly customized strategies intended to help you attain your goals.
Step 1: Discover. We develop a deep understanding of your professional, personal and financial situation, learning about your history, family, interests and concerns. This helps us personalize a plan to fit your needs and preferences.
Step 2: Develop. From this ongoing dialogue, we’ll develop a detailed action plan with recommendations to help you effectively build, protect and transfer your wealth. This serves as the foundation for building your initial plan, as well as future financial decisions.
Step 3: Present. We’ll schedule a formal meeting to provide details of your customized wealth management plan that, once executed, will work in tandem to help achieve your financial goals.
Step 4: Implement. Once you approve the plan, we will execute the investment changes and provide access to any additional services you require.
Step 5: Ongoing Review. Transparency is key to a successful long-term relationship. As we put your plan into action, we’ll set up a variety of tools so you have immediate access to your account information. And because markets and personal needs evolve over time, we’ll meet regularly to ensure your plan remains on track to achieve your goals.
Step 1: Discover. We develop a deep understanding of your professional, personal and financial situation, learning about your history, family, interests and concerns. This helps us personalize a plan to fit your needs and preferences.
Step 2: Develop. From this ongoing dialogue, we’ll develop a detailed action plan with recommendations to help you effectively build, protect and transfer your wealth. This serves as the foundation for building your initial plan, as well as future financial decisions.
Step 3: Present. We’ll schedule a formal meeting to provide details of your customized wealth management plan that, once executed, will work in tandem to help achieve your financial goals.
Step 4: Implement. Once you approve the plan, we will execute the investment changes and provide access to any additional services you require.
Step 5: Ongoing Review. Transparency is key to a successful long-term relationship. As we put your plan into action, we’ll set up a variety of tools so you have immediate access to your account information. And because markets and personal needs evolve over time, we’ll meet regularly to ensure your plan remains on track to achieve your goals.
Our Clients
Over the years, we have developed a strong and active practice that includes a broad range of clients. Essentially, all have accumulated significant assets, yet need help in developing a plan to:
• Approach a major life-changing event with confidence, such as the transition to retirement, the loss of a spouse, or the sale of a business
• Finance a major acquisition, including the purchase of a new property or expansion of a business
• Serve future generations and leave a lasting legacy
Our clients include:
• Financially successful individuals
• Multi-generational private wealth families
• Corporate executives
• Local farmers
• Small business owners
• Corporate retirement plans
While each client has a unique personal and professional situation, they all have one thing in common: they are focused on achieving very specific financial goals, so they can focus on the areas of their lives that bring them joy, meaning and purpose.
• Approach a major life-changing event with confidence, such as the transition to retirement, the loss of a spouse, or the sale of a business
• Finance a major acquisition, including the purchase of a new property or expansion of a business
• Serve future generations and leave a lasting legacy
Our clients include:
• Financially successful individuals
• Multi-generational private wealth families
• Corporate executives
• Local farmers
• Small business owners
• Corporate retirement plans
While each client has a unique personal and professional situation, they all have one thing in common: they are focused on achieving very specific financial goals, so they can focus on the areas of their lives that bring them joy, meaning and purpose.
Community Involvement
At The Noesis Group, we are deeply engaged in creating a better and brighter future for our local communities. Individually, we support the following organizations and nonprofits through a variety of volunteering and mentoring activities:
• Santa Clara University
• San Jose State University
• Martha's Kitchen
• Helping Young Players Excel (HYPE)
• Loaves & Fishes
• Santa Clara University
• San Jose State University
• Martha's Kitchen
• Helping Young Players Excel (HYPE)
• Loaves & Fishes
Location
225 W Santa Clara St
Suite 900
San Jose, CA 95113
US
Direct:
(408) 947-2277(408) 947-2277
Toll-Free:
(800) 444-4752(800) 444-4752
Fax:
(408) 947-2208(408) 947-2208
Meet The Noesis Group
Steffen Hack
Financial Advisor, Financial Planning Specialist
Phone:
(408) 947-3728(408) 947-3728
Claudio Enriquez, CRPS®
Business Development Associate
Phone:
(408) 947-2240(408) 947-2240
Nicole Simon
Portfolio Associate
Phone:
(408) 947-2277(408) 947-2277
About Michael Hack
Michael is an Executive Director, Wealth Advisor and founding member of The Noesis Group at Morgan Stanley. Since 1984, he has been providing highly customized advice, investment solutions and financial planning services to financially successful individuals and families, corporate executives, retirees and business owners in San Jose and across the country.
With a passion for comprehensive wealth management, he delivers objective advice through exceptional “high touch” service to the clients he proudly serves. Michael has extensive experience in Social Security, Medicare and the capital markets, working with clients to help ensure they have an ongoing source of income before and during retirement.
After earning his B.A. degree in Finance from San Jose State University, Michael began his career in the financial services industry with Shearson American Express in 1984. Five years later, he joined Kidder Peabody/UBS Financial Services, where he served as a Financial Advisor for 17 years. He became a member of the Morgan Stanley family in 2006 as a Senior Vice President and Wealth Advisor.
A strong believer in “giving back,” Michael is an emeritus member of the Board of Regents. He is also an active member on the Board of Fellows with Santa Clara University and served as President of the Board in 2002 and 2003. Michael also serves on the Board for Martha’s Kitchen in San Jose. He has been married to his lovely wife, Victoria, for 40 years.
With a passion for comprehensive wealth management, he delivers objective advice through exceptional “high touch” service to the clients he proudly serves. Michael has extensive experience in Social Security, Medicare and the capital markets, working with clients to help ensure they have an ongoing source of income before and during retirement.
After earning his B.A. degree in Finance from San Jose State University, Michael began his career in the financial services industry with Shearson American Express in 1984. Five years later, he joined Kidder Peabody/UBS Financial Services, where he served as a Financial Advisor for 17 years. He became a member of the Morgan Stanley family in 2006 as a Senior Vice President and Wealth Advisor.
A strong believer in “giving back,” Michael is an emeritus member of the Board of Regents. He is also an active member on the Board of Fellows with Santa Clara University and served as President of the Board in 2002 and 2003. Michael also serves on the Board for Martha’s Kitchen in San Jose. He has been married to his lovely wife, Victoria, for 40 years.
Securities Agent: UT, TN, NM, MI, LA, IN, IL, CO, VA, WY, TX, PA, NV, MA, GA, DC, MD, ME, FL, NC, MO, NY, OK, OR, ID, WA, MN, HI, AZ, AL, CA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1293979
NMLS#: 1293979
About Steffen Hack
Steffen is a Financial Advisor and Financial Planning Specialist with The Noesis Group at Morgan Stanley. A native of Los Gatos, Steffen grew up in a household dedicated to helping families achieve their financial goals. His father, a successful advisor for over 30 years, taught him first-hand the power of financial independence and inspired him to follow a profession that would help individuals gain the confidence and fortitude needed to accomplish this goal. He set out to become a Financial Advisor where he could educate his clients about important financial concepts, helping make a profound impact on the quality of their lives.
A graduate of Santa Clara University with a B.S. degree in Commerce, Steffen began his career at LinkedIn, working closely with small business owners. He then teamed up with his father and Dave Loomis at Morgan Stanley for the opportunity to work more closely with individuals and small businesses in achieving their financial goals. In 2015, he earned the accreditation of Financial Planning Specialist, providing him with an even higher level of expertise in wealth management for high net worth individuals.
Steffen’s unique background has enabled him to develop a practice that is well suited for today’s fast-paced global economy. He is dedicated to helping his clients maintain the discipline necessary to navigate today’s challenging markets. He and his wife, Tori, live in Willow Glen. He serves on the Board of Loaves & Fishes, helping the hungry in Silicon Valley.
A graduate of Santa Clara University with a B.S. degree in Commerce, Steffen began his career at LinkedIn, working closely with small business owners. He then teamed up with his father and Dave Loomis at Morgan Stanley for the opportunity to work more closely with individuals and small businesses in achieving their financial goals. In 2015, he earned the accreditation of Financial Planning Specialist, providing him with an even higher level of expertise in wealth management for high net worth individuals.
Steffen’s unique background has enabled him to develop a practice that is well suited for today’s fast-paced global economy. He is dedicated to helping his clients maintain the discipline necessary to navigate today’s challenging markets. He and his wife, Tori, live in Willow Glen. He serves on the Board of Loaves & Fishes, helping the hungry in Silicon Valley.
Securities Agent: NM, MI, OR, UT, LA, WY, WA, VA, TX, TN, PA, OK, NY, NV, NC, MO, MN, ME, MD, MA, IN, IL, ID, HI, GA, FL, DE, DC, CO, CA, AZ, AL; General Securities Representative; Investment Advisor Representative
NMLS#: 1297937
NMLS#: 1297937
About Claudio Enriquez, CRPS®
Claudio is a Business Development Associate and Certified Retirement Planning Specialist with The Noesis Group at Morgan Stanley. With more than 19 years of experience in wealth management and estate planning strategies, Claudio has developed a comprehensive and disciplined approach that is focused on helping financially successful individuals, families and business owners align their finances with their most important values. He concentrates on corporate retirement plans and stock option plan analysis.
Claudio began his career at Wachovia Securities as a Client Service Associate, serving the special needs of the firm’s high net worth clients. He joined Morgan Stanley in 2007 and soon after became a Business Development Associate with The Noesis Group. In 2015, he earned his Certified Retirement Planning Specialist designation.
As a Business Development Associate, Claudio’s mission is to guide clients on the growth and preservation of their assets, while providing for current income and cash flow needs. His comprehensive process is focused on articulating each client’s needs, goals, dreams and challenges. This information then serves as the foundation for the development and implementation of a custom financial plan, which can be easily adapted to respond to life changes.
Claudio and his wife, Elvia, currently live in San Jose with their three sons. He is the Director of a nonprofit youth baseball travel program, Helping Young Players Excel (HYPE), providing local boys with the opportunity to play baseball all year round.
Claudio began his career at Wachovia Securities as a Client Service Associate, serving the special needs of the firm’s high net worth clients. He joined Morgan Stanley in 2007 and soon after became a Business Development Associate with The Noesis Group. In 2015, he earned his Certified Retirement Planning Specialist designation.
As a Business Development Associate, Claudio’s mission is to guide clients on the growth and preservation of their assets, while providing for current income and cash flow needs. His comprehensive process is focused on articulating each client’s needs, goals, dreams and challenges. This information then serves as the foundation for the development and implementation of a custom financial plan, which can be easily adapted to respond to life changes.
Claudio and his wife, Elvia, currently live in San Jose with their three sons. He is the Director of a nonprofit youth baseball travel program, Helping Young Players Excel (HYPE), providing local boys with the opportunity to play baseball all year round.
About Nicole Simon
Nicci is a Portfolio Associate with The Noesis Group at Morgan Stanley. Drawing on more than 25 years of financial industry experience, she has been a vital member of the Group since joining the team in 2010.
Often the first line of contact, Nicci overlooks the team's investment management and operations as they relate to client accounts, online services and regulatory compliance. She is highly skilled in onboarding new clients, while deepening relationships with existing ones. Nicci's genius lies in her attention to detail, while easily handling client concerns with both efficiency and empathy. She not only knows how to meet each client's specific needs, she knows how to anticipate them as well. Nicci currently holds her FINRA Series 7, 63, 66 and 31 licenses.
Often the first line of contact, Nicci overlooks the team's investment management and operations as they relate to client accounts, online services and regulatory compliance. She is highly skilled in onboarding new clients, while deepening relationships with existing ones. Nicci's genius lies in her attention to detail, while easily handling client concerns with both efficiency and empathy. She not only knows how to meet each client's specific needs, she knows how to anticipate them as well. Nicci currently holds her FINRA Series 7, 63, 66 and 31 licenses.
Contact Michael Hack
Contact Steffen Hack
Wealth Management
From Our Team
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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
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
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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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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Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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1Investors 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.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5Morgan 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.
6Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
7When 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
9Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Morgan 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, charitable giving, philanthropic planning and other legal matters.
12Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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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:
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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.
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Awards Disclosures
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
5Morgan 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.
6Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
7When 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG 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.
9Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10When 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.
11Morgan 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, charitable giving, philanthropic planning and other legal matters.
12Morgan 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.
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Awards Disclosures
CRC 6491812 (04/2024)
