Senior Vice President, Wealth Management, Financial Advisor, International Client Advisor
Phone:
(305) 936-5948(305) 936-5948
The Penta Group at Morgan Stanley
Gaston Eduardo AbelloFelix JaimovichRoy PfefferAndrea PfefferBelinda RodriguezJamilet ReynosoCarlos Centeno
Direct:
(305) 937-6814(305) 937-6814
Toll-Free:
(800) 327-2048(800) 327-2048
Our Mission Statement
We highly value our clients trust and work to build long lasting relationships that has shown to transfer from one generation to the next ones.
Our Story
The Penta Group was established in January of 2012 by GASTON ABELLO and FELIX JAIMOVICH, who decided to partner up seeking to enhance their capabilities of International Private Wealth Banking Services.
The Penta Group moved into Morgan Stanley as a group of three, on April of 2013, and incorporated a new Client Associate to the team, enhancing service delivery capabilities. Later that year, Mr. ROY PFEFFER joined the partnership as a Financial Advisor to provide closer relationship support to clients from Venezuela.
ANDREA PFEFFER joined the PENTA Group in 2018, when they decided to join forces to better delivery to clients and help them navigate the complexities of wealth and the changes of circumstance that occur in their business and personal lives. Together, they deliver the vast capabilities of the Firm to their clients in a highly customized manner.
The Partnerships success has certainly been driven by its member’s commitment on delivering exceptional customer service, as well as a very close ongoing relationship with clients, which provides fine knowledge of investment objectives and expectations.
Partners are tied together by a strong passion for networking and entrepreneurship.
The Penta Group consists of 4 International Client Advisors, and 3 registered client Associates.
The Penta Group moved into Morgan Stanley as a group of three, on April of 2013, and incorporated a new Client Associate to the team, enhancing service delivery capabilities. Later that year, Mr. ROY PFEFFER joined the partnership as a Financial Advisor to provide closer relationship support to clients from Venezuela.
ANDREA PFEFFER joined the PENTA Group in 2018, when they decided to join forces to better delivery to clients and help them navigate the complexities of wealth and the changes of circumstance that occur in their business and personal lives. Together, they deliver the vast capabilities of the Firm to their clients in a highly customized manner.
The Partnerships success has certainly been driven by its member’s commitment on delivering exceptional customer service, as well as a very close ongoing relationship with clients, which provides fine knowledge of investment objectives and expectations.
Partners are tied together by a strong passion for networking and entrepreneurship.
The Penta Group consists of 4 International Client Advisors, and 3 registered client Associates.
Services Include
- Wealth Consulting
- Wealth ManagementFootnote1
- Asset Management
- Business Succession PlanningFootnote2
- Financial PlanningFootnote3
- Professional Portfolio ManagementFootnote4
- Alternative InvestmentsFootnote5
- Business PlanningFootnote6
- Cash ManagementFootnote7
- Corporate BondsFootnote8
- Estate Planning StrategiesFootnote9
- Exchange Traded FundsFootnote10
- Fixed IncomeFootnote11
- Lending Products
- LGBT+ Planning ServicesFootnote12
- Planning for Education FundingFootnote13
- Sustainable InvestingFootnote14
- Structured ProductsFootnote15
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Clients
Our focus is creating and managing relationships.
This paired up with our strength in providing state of the art customer service, is what has determined our success in the industry.
We work with U.S. clients who appreciate and are looking to take advantage of a global approach of investing.
This paired up with our strength in providing state of the art customer service, is what has determined our success in the industry.
We work with U.S. clients who appreciate and are looking to take advantage of a global approach of investing.
Working With You
Portfolio Construction
Our international background allows us to have a global view of investing in line with our clients’ expectations. We focus on building portfolios that are unique for each individual, taking into consideration their current situation, needs, and goals.
In addition, our broad experience in the financial industry gives us the awareness needed to make knowledgeable decisions when choosing, from a vast number of investment vehicles, which one is the most appropriate for each specific relationship.
Our international background allows us to have a global view of investing in line with our clients’ expectations. We focus on building portfolios that are unique for each individual, taking into consideration their current situation, needs, and goals.
In addition, our broad experience in the financial industry gives us the awareness needed to make knowledgeable decisions when choosing, from a vast number of investment vehicles, which one is the most appropriate for each specific relationship.
The philosophy that drives THE PENTA GROUP on a daily basis is the search for Excellency in providing the highest level of customer service possible. The team is obsessed with finding new ways of servicing our clients that will grant closer and finer relationships under the combination of senior professional experience in the design and management of portfolios, with on time, precise and high execution standards.
We highly value our clients trust and work to build long lasting relationships that has shown to transfer from one generation to the next ones.
We highly value our clients trust and work to build long lasting relationships that has shown to transfer from one generation to the next ones.
Location
20807 Biscayne Blvd
4th Fl
Aventura, FL 33180
US
Direct:
(305) 937-6814(305) 937-6814
Toll-Free:
(800) 327-2048(800) 327-2048
Meet The Penta Group
Senior Vice President, Wealth Management, Financial Advisor, International Client Advisor
Phone:
(305) 936-2717(305) 936-2717
Executive Director, Wealth Management, International Client Advisor, Alternative Investments Director, Executive Director, Wealth Management
Phone:
(305) 936-2737(305) 936-2737
Vice President, Wealth Management, Financial Advisor, Senior Vice President, Wealth Management, Financial Advisor, International Client Advisor
Phone:
(305) 937-6898(305) 937-6898
Carlos Centeno
Wealth Management Associate
Phone:
(305) 466-4801(305) 466-4801
Belinda Rodriguez
Portfolio Associate
Phone:
(305) 937-6853(305) 937-6853
Jamilet Reynoso
Portfolio Associate
Phone:
(305) 936-2773(305) 936-2773
About Gaston Eduardo Abello
Gastón is a native Colombian, who started his career as a Wealth Manager in 1999, building his book of clients on a Global Banking Institution. In 2007, appointed as a Country Manager, for the institution’s subsidiary office in Miami, Florida, Gastón moved his book of clients to Merrill Lynch, looking to enhance his product access and platform operation, developing during five years a powerful business practice. This allowed him to consolidate on family relationships that valued his mature sense of the markets, as well as his commitment to disciplined strategies, and monitoring, that will seek, successful results, paired to investment planning.
In January of 2012, Gastón sets up a team with FELIX JAIMOVICH, creating a partnership focused on solid principles of Excellency in service providing, as well as long term family relationships. On April of 2013 they transferred their practice to Morgan Stanley, searching to notch up again, the power of their products and services.
Gastón is a graduate of Economics, with a focus on statistics models. His a passionate entrepreneur with startups in Telecommunications, Beverages, Food Services, Retail, and Human Resources Consulting, in the US, as well as other countries of LATAM and Europe. He is married, with two daughters and dedicates his spare time, to collecting contemporary art.
In January of 2012, Gastón sets up a team with FELIX JAIMOVICH, creating a partnership focused on solid principles of Excellency in service providing, as well as long term family relationships. On April of 2013 they transferred their practice to Morgan Stanley, searching to notch up again, the power of their products and services.
Gastón is a graduate of Economics, with a focus on statistics models. His a passionate entrepreneur with startups in Telecommunications, Beverages, Food Services, Retail, and Human Resources Consulting, in the US, as well as other countries of LATAM and Europe. He is married, with two daughters and dedicates his spare time, to collecting contemporary art.
Securities Agent: MA, CT, PA, NC, AZ, TX, FL, DE, SC, PR, OK, NV, DC, VI, CA, NY, NJ, LA, GA, WY, OH, MD, CO, VA, SD, IL, MI; General Securities Representative; Investment Advisor Representative
NMLS#: 1465769
NMLS#: 1465769
About Felix Jaimovich
Felix is a native Argentinian who started his career as a wealth manager in 2005, building his book of clients as an "International Financial Advisor" of Merrill Lynch. His successful path through Merrill took him to achieve the title of Senior Vice President, International Financial Advisor, after consistent growth of assets and revenue that highly exceeded the firm’s average.
Felix set up a team with Gaston Abello in early 2012, and a year later they transfer their team to Morgan Stanley with their book of clients, searching for a higher commitment to international markets and an improved operational platform.
In his academic background he is a Telecommunications Engineer (Blas Pascal University, Argentina) and holds a Master in Business Administration (MBA) from the University of Miami. Felix is an active member of several not-for profit organizations focused on education in Latin America and in his free time he enjoys training and doing Triathlons and running marathons. He is married and has three daughters. They live in Aventura, FL
Felix set up a team with Gaston Abello in early 2012, and a year later they transfer their team to Morgan Stanley with their book of clients, searching for a higher commitment to international markets and an improved operational platform.
In his academic background he is a Telecommunications Engineer (Blas Pascal University, Argentina) and holds a Master in Business Administration (MBA) from the University of Miami. Felix is an active member of several not-for profit organizations focused on education in Latin America and in his free time he enjoys training and doing Triathlons and running marathons. He is married and has three daughters. They live in Aventura, FL
Securities Agent: MA, DC, CT, OK, OH, CA, WY, VI, NY, NC, AZ, SD, FL, VA, NJ, CO, SC, PR, TX, LA, NV, MI, MD, DE, PA, IL, GA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 747631
NMLS#: 747631
About Roy Pfeffer
Roy is a native Venezuelan who started his career in 2005 as a Business Consultant in a top Global firm based in New York City. After a successful path and many air miles, Roy transitioned his "know how" and relationships to Morgan Stanley, where he became an International Client Advisor.
in 2013 Roy joined forces with Felix Jaimovich and Gaston Abello, becoming part of the PENTA GROUP, with the mindset to deliver a comprehensive service model and portfolio management for International Clients. Roy has overcome his goals of growth and business development and already foresees a great future with the firm and with the PENTA GROUP.
On his academic background, he is a graduate in Industrial and Systems Engineer from Florida International University. Roy is an active member of the Jewish Federation in the Greater Miami Area. He is married and has two daughters. They live in Aventura, Florida.
in 2013 Roy joined forces with Felix Jaimovich and Gaston Abello, becoming part of the PENTA GROUP, with the mindset to deliver a comprehensive service model and portfolio management for International Clients. Roy has overcome his goals of growth and business development and already foresees a great future with the firm and with the PENTA GROUP.
On his academic background, he is a graduate in Industrial and Systems Engineer from Florida International University. Roy is an active member of the Jewish Federation in the Greater Miami Area. He is married and has two daughters. They live in Aventura, Florida.
Securities Agent: IL, DE, VA, TX, CA, WY, SD, SC, OH, AZ, LA, MD, CT, MI, DC, NV, NC, CO, NJ, PR, NY, MA, OK, GA, FL, VI, PA; General Securities Representative; Investment Advisor Representative
About Andrea Pfeffer
Andrea joined Morgan Stanley Wealth Management in 2015 from HSBC Private Bank in Miami. Before that, she was at Lloyds Bank, always practicing Wealth Management and Investments. Andrea holds a B.S. in Industrial Engineering from Universidad de Los Andes in Bogotá Colombia and a Master in Finance from Florida International University. She works closely with clients to analyze their overall asset allocation and structure integrated and customized investment solutions that meet their current and long-term goals.
Andrea joined the PENTA Group in 2018, when they decided to join forces to better delivery to clients and help them navigate the complexities of wealth and the changes of circumstance that occur in their business and personal lives. Together, they deliver the vast capabilities of the Firm to their clients in a highly customized manner.
In 2023 and 2024 Andrea was named to Forbes Magazine’s list of “Top Women Advisors Best-In-State”. In 2018, 2019 and 2022 Andrea was named to Forbes Magazine’s list of “Top Next-Gen Wealth Advisors and in 2018, 2019 and 2020 was named to Working Mother Magazine's List of “Top Wealth Advisor Moms”
In 2024 The PENTA group was named to Forbes Magazine’s list of “Best-In-State Wealth Management Teams”
Andrea has also held many leadership roles for the Jewish Federation in Miami, JWRP Momentum and JEM Miami “Jewish Experience for mothers in Miami”. She resides in Aventura, Florida with her husband, Roy and their children Anat, Maya and Ghila.
2023, 2024 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors)
Source: Forbes.com (Awarded 2023,2024). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
2018, 2019, 2022 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (Awarded 2018, 2019, 2022 ). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
2018, 2019, 2020 Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms
Source: Workingmother.com (Awarded October 2018, 2019, 2020). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was given.
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period 3/31/22-3/31/23.
Andrea joined the PENTA Group in 2018, when they decided to join forces to better delivery to clients and help them navigate the complexities of wealth and the changes of circumstance that occur in their business and personal lives. Together, they deliver the vast capabilities of the Firm to their clients in a highly customized manner.
In 2023 and 2024 Andrea was named to Forbes Magazine’s list of “Top Women Advisors Best-In-State”. In 2018, 2019 and 2022 Andrea was named to Forbes Magazine’s list of “Top Next-Gen Wealth Advisors and in 2018, 2019 and 2020 was named to Working Mother Magazine's List of “Top Wealth Advisor Moms”
In 2024 The PENTA group was named to Forbes Magazine’s list of “Best-In-State Wealth Management Teams”
Andrea has also held many leadership roles for the Jewish Federation in Miami, JWRP Momentum and JEM Miami “Jewish Experience for mothers in Miami”. She resides in Aventura, Florida with her husband, Roy and their children Anat, Maya and Ghila.
2023, 2024 Forbes America's Top Women Wealth Advisors & Forbes Top Women Wealth Advisors Best-In- State (formerly referred to as Forbes Top Women Wealth Advisors, Forbes America's Top Women Wealth Advisors)
Source: Forbes.com (Awarded 2023,2024). Data compiled by SHOOK Research LLC based on 12-month time period concluding in Sept of year prior to the issuance of the award.
2018, 2019, 2022 Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State (formerly referred to as Forbes America's Top Next-Gen Wealth Advisors, Forbes Top 1,000 Next-Gen Wealth Advisors, Forbes Top 500 Next Generation Wealth Advisors)
Source: Forbes.com (Awarded 2018, 2019, 2022 ). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was issued.
2018, 2019, 2020 Working Mother Magazine & SHOOK Research's Top Wealth Advisor Moms
Source: Workingmother.com (Awarded October 2018, 2019, 2020). Data compiled by SHOOK Research LLC based on 12-month period concluding in Mar of the year the award was given.
Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period 3/31/22-3/31/23.
Securities Agent: NV, AZ, CT, FL, WY, VI, SC, DE, DC, NC, MI, OK, MA, GA, VA, OH, MD, TX, PA, CA, SD, NY, CO, PR, LA, IL, NJ; General Securities Representative; Investment Advisor Representative
About Carlos Centeno
Carlos J. Centeno is native Ecuadorian who joined Morgan Stanley in September 2021 as a Client Service Associate. Before he joined the firm, Carlos worked at Truist Financial Services as an Investment Associate. His primary focus is proving operational and investment support to International Client Advisors and their respective Clients. In 2022, Carlos was promoted to Wealth Management Associate.
Carlos earned a bachelor’s degree in Business Administration while also accomplishing a Master’s degree in Finance from Florida International University.
In his free time, Carlos enjoys traveling, playing tennis, and maximizing his time alongside his beautiful family.
Carlos earned a bachelor’s degree in Business Administration while also accomplishing a Master’s degree in Finance from Florida International University.
In his free time, Carlos enjoys traveling, playing tennis, and maximizing his time alongside his beautiful family.
About Belinda Rodriguez
Belinda is from Puerto Rican heritage who started her career in Wealth Management in 1994. She joined The Penta Group in early 2015.
Her broad experience in the industry has given her extensive knowledge in multiple areas.
Her broad experience in the industry has given her extensive knowledge in multiple areas.
About Jamilet Reynoso
Jamilet is a native Dominican who started her career in Finance in 2005. She has been part of The Penta Group since 2018.
She holds a Bachelor’s of Finance, a Bachelor’s of Accounting, and a Masters of International Business from Florida International University.
She holds a Bachelor’s of Finance, a Bachelor’s of Accounting, and a Masters of International Business from Florida International University.
Contact Gaston Eduardo Abello
Contact Felix Jaimovich
Contact Roy Pfeffer
Contact Andrea Pfeffer
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Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
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Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
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- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
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Are You Prepared for Tax Day?
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Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
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Financial Planning for Life After Selling a Business
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Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
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Donor Advised Funds: A Smart Way to Manage Your Giving
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1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
2Morgan 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.
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.
4Morgan 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.
5Alternative 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.
6Morgan 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.
7Morgan 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
8Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
9Morgan 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.
10An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
11Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
12Morgan 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.
13When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
14The 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.
15Structured 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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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.
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*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 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.
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.
4Morgan 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.
5Alternative 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.
6Morgan 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.
7Morgan 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
8Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
9Morgan 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.
10An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
11Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
12Morgan 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.
13When 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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
14The 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.
15Structured 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.
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Awards Disclosures
CRC 6491812 (04/2024)
