Joe Locke, CFP®
Senior Vice President, Wealth Management, Financial Advisor
Phone:
(501) 221-6309(501) 221-6309
The Pinnacle Mountain Group at Morgan Stanley
Direct:
(501) 221-6318(501) 221-6318
Our Mission Statement
We provide our clients with the peace of mind that we will focus on what is important to them.
About Us
At The Pinnacle Mountain Group at Morgan Stanley, your financial well-being is our foremost priority. Our dedicated team is attuned to the nuances of life’s significant moments, whether it's the anticipation of retirement, transitioning a business, or navigating personal challenges like assisting an aging family member or coping with the loss of a love one. We believe that working as a team helps to provide you with access to possibilities of solutions, and helps to ensure that you benefit from the highest levels of service.
While we bring complementary skills and perspectives to our clients, we also share a commitment to responding to your needs promptly, professionally and thoroughly. Our goal is to earn your confidence not only through the quality of solutions we provide to you, but also the excellence with which we deliver them.
While we bring complementary skills and perspectives to our clients, we also share a commitment to responding to your needs promptly, professionally and thoroughly. Our goal is to earn your confidence not only through the quality of solutions we provide to you, but also the excellence with which we deliver them.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
What Makes Us Different
Every person has different goals and each individual deserves to have a unique strategy that is tailored to fit them. Whether you are looking to grow your assets, save for retirement, plan for unexpected events or make sure you are ready for key life moments; you need a team that is able to help plan for the expected and the unexpected. Unlike other advisors who come with a solution first approach, The Pinnacle Mountain Group takes the time to understand, learn, and discover the complete picture before implementing a plan.
Investment Process
Our relationship starts with a discovery process covering investments, cash, liabilities, and insurance holdings.
We develop a personalized plan for each individual that incorporates strategies to efficiently manage your liabilities and create solutions to achieve your short and long-term goals. With a comprehensive approach to the market, we provide both a short and long term tactical strategy.
As our work relationship strengthens, many of our clients choose us as their primary financial advisor, giving us full insight into their financial lives. We strive to be a reliable source for information and take pride in giving guidance. We believe honesty and integrity are essential in creating a successful partnership. We don’t treat you as just another client but rather give you overriding priority as we would with family.
We develop a personalized plan for each individual that incorporates strategies to efficiently manage your liabilities and create solutions to achieve your short and long-term goals. With a comprehensive approach to the market, we provide both a short and long term tactical strategy.
As our work relationship strengthens, many of our clients choose us as their primary financial advisor, giving us full insight into their financial lives. We strive to be a reliable source for information and take pride in giving guidance. We believe honesty and integrity are essential in creating a successful partnership. We don’t treat you as just another client but rather give you overriding priority as we would with family.
The Power of Morgan Stanley
Morgan Stanley’s highly sophisticated and secure digital platforms help us deliver a seamless service experience to our clients. Protected by best-in-class cybersecurity technology, Morgan Stanley Online and the Morgan Stanley Mobile App, provide 24/7 access to investment and cash management accounts. This includes E-sign and E-authorization features that allow our clients to feel safe and secure.
Working With You
At The Pinnacle Mountain Group, we help individuals, multi-generational families, and business owners, reach their financial goals. We offer solutions to help you grow, manage, and preserve your wealth.
Our team understands the complexity of planning for your family and working with a reliable advisory team can help you navigate these challenges. We will account for cash and debt, investment planning, estate planning strategies, and risk management when we create your custom plan for you and your extended family.
As your dedicated wealth management advisors, our role is to tailor a personalized financial strategy which fits your needs. Throughout our careers working with clients, we have developed a step-by-step approach for thoughtful collaboration:
Our team understands the complexity of planning for your family and working with a reliable advisory team can help you navigate these challenges. We will account for cash and debt, investment planning, estate planning strategies, and risk management when we create your custom plan for you and your extended family.
As your dedicated wealth management advisors, our role is to tailor a personalized financial strategy which fits your needs. Throughout our careers working with clients, we have developed a step-by-step approach for thoughtful collaboration:
Discovery Process
We take the time to fully understand you and your family – whether you’re planning for retirement, purchasing a home, or living out your golden years – we consider all of your challenges, goals, and aspirations when building your financial picture.
Forming Your Strategy
Using your life goals as our compass, we create a risk-balanced strategy which maps a clear path to achieving your success.
Implementing Your Plan
We apply extensive research and analysis, and also utilize Morgan Stanley’s full suite of resources, to ensure swift decisive action in all market scenarios.
Measuring Your Performance
We check in with you to deliver metrics around your portfolio, and ultimately measure trajectory towards your goals. Our ultimate mission is your success and well-being.
Personalized Solutions
From buying a home to rolling over your 401(k) to leaving a lasting legacy, we are here to answer your financial questions, implement a lasting legacy, and implement the best strategies for specific goals and circumstances. Here are a few topics we help our clients answer everyday.
Retirement Planning
We help clients maintain their current lifestyle without worrying about their finances and we help clients understand and feel comfortable with their retirement plans.
Trust and Wills
Family and friends are important and our team is here to make sure they are fully covered. We provide trust and will services as part of our overall financial plan strategy. We will assist with the settlor and make sure your beneficiaries are properly taken care of.
Legacy
Our holistic approach to financial planning is designed to make sure our clients have a lasting legacy. Leveraging a sophisticated suite of analytical tools, as well as decades of industry experience, our team can help you take charge of your finances and make sure your loved ones are taken care of.
Total Wealth Management
We believe when dealing with assets, equity compensation and insurance policies that your advisor should provide a personal, comprehensive, and complete financial plan. . We are an experienced advisory team, which takes a holistic approach to wealth management. We conduct ongoing reviews and extensive reporting to ensure that your strategy adapts to your changing financial and family needs. We have access to all of Morgan Stanley's modern wealth tools and use them to ensure you, your family, and your loved ones are protected.
Resources & Research
At Morgan Stanley, we provide clients with resources meant to transform complex financial analysis and research into concise and easily digestible content. The links below offer insight into the modern market and economic landscape.
2026 Federal Tax Tables
This document outlines the 2026 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
View 2026 Tax Tables2025 Federal Tax Tables
This document outlines the 2025 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
View 2025 Tax Tables
Capital Markets
An integrated organization across fixed income, equities, and structured investments leveraging the thought leadership of Morgan Stanley Research and dedicated product specialists to identify key investment opportunities to help enhance the growth potential of diversified portfolios.
Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
Register for Morgan Stanley Online Today
Total Wealth View
Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access, and convenient connectivity.
Learn More About Total Wealth View
Financial Planning
Morgan Stanley Financial Planning can show you a single, comprehensive snapshot of your finances. We can help you create a wealth plan that’s adaptable to the different stages of your life using our cutting edge tools- Goals Planning System (GPS) and LifeView.
Morgan Stanley Goals-Based Wealth ManagementAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
2200 N Rodney Parham Rd
Ste 100
Little Rock, AR 72212
US
Direct:
(501) 221-6318(501) 221-6318
Meet The Pinnacle Mountain Group
Jason Chacko, CFP®, CRPS®
Senior Vice President, Wealth Management, Financial Advisor
Phone:
(501) 221-6331(501) 221-6331
Juan Morales, CRPC®
Senior Vice President, Wealth Management, Financial Advisor
Phone:
(501) 221-6362(501) 221-6362
RJ Moore, MBA
Financial Advisor
Phone:
(501) 221-6321(501) 221-6321
Susan Hunter
Client Service Associate
Phone:
(501) 221-6318(501) 221-6318
About Joe Locke
For over three decades, Joe has dedicated himself to empowering individuals and families in achieving their financial and life objectives. With roots starting as an institutional bond trader, Joe's journey transitioned into the heart of financial planning, where he's keenly attuned to the intricacies of his clients' needs.
Prior to joining The Pinnacle Mountain Group, Joe co-founded The Locke Group alongside Juan Morales at Merrill Lynch in 2011. This formidable team later transitioned to Morgan Stanley, underlining their commitment to offering unparalleled service. Joe balances leadership with maintaining trusted relationships, ensuring his clients are prepared for every twist and turn in life's journey.
What sets Joe apart as a Certified Financial Planner is his meticulous attention to detail. He proactively identifies financial aspects his clients might overlook and keeps track of every income source they depend upon. Furthermore, recognizing that financial planning doesn't exist in a vacuum, Joe introduces clients to specialized professionals at Morgan Stanley, ensuring a holistic approach to wealth management.
Graduating with distinction from Hendrix College in History and Political Science, Joe's commitment extends beyond finances. An advocate for his community, Joe has contributed to the Arkansas Symphony's board, promoted financial literacy through Our House, and has mentored young individuals in Little Rock schools.
While finance is his expertise, passion fuels Joe's personal life. When he finds a moment of respite, you might catch him strumming his guitar in a local band, caring for his beloved pets, or cherishing moments with his wife, Sharon, and their three sons.
Prior to joining The Pinnacle Mountain Group, Joe co-founded The Locke Group alongside Juan Morales at Merrill Lynch in 2011. This formidable team later transitioned to Morgan Stanley, underlining their commitment to offering unparalleled service. Joe balances leadership with maintaining trusted relationships, ensuring his clients are prepared for every twist and turn in life's journey.
What sets Joe apart as a Certified Financial Planner is his meticulous attention to detail. He proactively identifies financial aspects his clients might overlook and keeps track of every income source they depend upon. Furthermore, recognizing that financial planning doesn't exist in a vacuum, Joe introduces clients to specialized professionals at Morgan Stanley, ensuring a holistic approach to wealth management.
Graduating with distinction from Hendrix College in History and Political Science, Joe's commitment extends beyond finances. An advocate for his community, Joe has contributed to the Arkansas Symphony's board, promoted financial literacy through Our House, and has mentored young individuals in Little Rock schools.
While finance is his expertise, passion fuels Joe's personal life. When he finds a moment of respite, you might catch him strumming his guitar in a local band, caring for his beloved pets, or cherishing moments with his wife, Sharon, and their three sons.
Securities Agent: VT, MI, CA, WA, SD, PA, MS, MN, IL, AZ, AL, AK, ME, IN, NY, NM, NJ, NC, MO, WV, TX, TN, CO, AR, OK, OH, NV, KS, OR, GA, FL, VA, NE, WI, MA, LA, DE, MD; BM/Supervisor; General Securities Principal; General Securities Representative; Investment Advisor Representative
NMLS#: 638475
NMLS#: 638475
About Jason Chacko
With 15 years of experience in financial planning and investment management, I am dedicated to helping clients achieve their financial goals through personalized strategies. As a Certified Financial Planner™ with The Pinnacle Mountain Group at Morgan Stanley in Little Rock, Arkansas, I specialize in retirement planning, wealth management, and tax-efficient investment strategies.
My passion for financial advising is deeply rooted in family values and a legacy of financial stewardship. I had the privilege of working alongside my father for over a decade before his retirement, benefiting from his 24-year career at Morgan Stanley and 16 years as CFO of an Arkansas nonprofit. His dedication to both corporate finance and community service shaped my approach to financial advising—combining strategic wealth management with a deep commitment to helping others.
I earned my degree from Westminster College in 2006, majoring in biology with minors in business, chemistry, physics, and allied health services. This diverse educational background has equipped me with a unique perspective in financial advising, allowing me to approach financial planning with analytical precision and a problem-solving mindset.
My approach centers on understanding each client's unique financial situation and crafting tailored strategies to meet their objectives. I believe in building long-term relationships based on trust, transparency, and a client-first philosophy.
Beyond my professional endeavors, I am deeply committed to community service and civic engagement. I actively serve on several boards and organizations that impact my local community, including:
• Rotary Club of Little Rock – Contributing to service projects that support education, economic development, and community enrichment.
• Catholic High School for Boys Foundation Board – Supporting the advancement of Catholic education and leadership development for young men.
• Economic Arkansas Board of Directors – Promoting economic and financial literacy education for students across Arkansas.
• CARTI Hospital Foundation Board – Helping advance cancer treatment and patient support services in Arkansas.
• Camp Aldersgate Board Member – Supporting programs for children and youth with special needs.
• Leadership Greater Little Rock Board Member – in partnership with the Greater Little Rock Chamber of Commerce, helping to educate future leaders on the evolution of the Little Rock community.
Outside of work, I enjoy quality time with my wife, Kristin, and our two boys, Jude and Lee. We like to travel, cook and watch movies, with a few rounds of golf mixed in.
If you're seeking a trusted advisor to guide your financial future, I would welcome the opportunity to discuss how we can achieve your financial goals together.
My passion for financial advising is deeply rooted in family values and a legacy of financial stewardship. I had the privilege of working alongside my father for over a decade before his retirement, benefiting from his 24-year career at Morgan Stanley and 16 years as CFO of an Arkansas nonprofit. His dedication to both corporate finance and community service shaped my approach to financial advising—combining strategic wealth management with a deep commitment to helping others.
I earned my degree from Westminster College in 2006, majoring in biology with minors in business, chemistry, physics, and allied health services. This diverse educational background has equipped me with a unique perspective in financial advising, allowing me to approach financial planning with analytical precision and a problem-solving mindset.
My approach centers on understanding each client's unique financial situation and crafting tailored strategies to meet their objectives. I believe in building long-term relationships based on trust, transparency, and a client-first philosophy.
Beyond my professional endeavors, I am deeply committed to community service and civic engagement. I actively serve on several boards and organizations that impact my local community, including:
• Rotary Club of Little Rock – Contributing to service projects that support education, economic development, and community enrichment.
• Catholic High School for Boys Foundation Board – Supporting the advancement of Catholic education and leadership development for young men.
• Economic Arkansas Board of Directors – Promoting economic and financial literacy education for students across Arkansas.
• CARTI Hospital Foundation Board – Helping advance cancer treatment and patient support services in Arkansas.
• Camp Aldersgate Board Member – Supporting programs for children and youth with special needs.
• Leadership Greater Little Rock Board Member – in partnership with the Greater Little Rock Chamber of Commerce, helping to educate future leaders on the evolution of the Little Rock community.
Outside of work, I enjoy quality time with my wife, Kristin, and our two boys, Jude and Lee. We like to travel, cook and watch movies, with a few rounds of golf mixed in.
If you're seeking a trusted advisor to guide your financial future, I would welcome the opportunity to discuss how we can achieve your financial goals together.
Securities Agent: NM, NE, AR, TN, OK, AL, PA, ME, CA, MN, MA, GA, VA, MS, MI, FL, CO, OR, NY, NV, KS, IN, OH, NJ, MO, WV, WI, WA, TX, DE, AK, NC, VT, MD, LA, IL, AZ; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1288119
NMLS#: 1288119
About Juan Morales
Juan's journey into financial advisement was ignited during his high school years in Little Rock, fueled by his innate aptitude for numbers and a genuine desire to support others in navigating their financial futures.
Launching his career at Merrill Lynch in 2011, Juan had the privilege of being mentored by industry veteran, Joe Locke. Their harmonious collaboration culminated in a strategic move to Morgan Stanley in 2016. Today, Juan is instrumental in the team's financial planning journey. He delves deep, posing transformative questions to clients, questions they might not have even considered, ensuring a comprehensive financial roadmap. Juan's dedication is evident in his rigorous research approach; he meticulously evaluates every fund and investment manager for performance, risk, consistency, and organizational integrity.
Juan graduated from The University of Central Arkansas, earning a BA in Marketing. His also has earned the Chartered Retirement Planning Counselor designation, empowering him to provide even more advice as clients transition into retirement. Beyond professional realms, Juan's commitment to the community shines. He's an active member of the Fellowship Bible Church, champions the cause of Our House, and volunteers at The Arkansas Food Bank, reflecting his dedication to uplifting those in need.
Family and community are central to Juan. He beams with pride as a father, cheering on his son, Mason, on the soccer field. Little Rock isn't just Juan's hometown; it's where he's crafting legacies, both for his clients and within the community.
Launching his career at Merrill Lynch in 2011, Juan had the privilege of being mentored by industry veteran, Joe Locke. Their harmonious collaboration culminated in a strategic move to Morgan Stanley in 2016. Today, Juan is instrumental in the team's financial planning journey. He delves deep, posing transformative questions to clients, questions they might not have even considered, ensuring a comprehensive financial roadmap. Juan's dedication is evident in his rigorous research approach; he meticulously evaluates every fund and investment manager for performance, risk, consistency, and organizational integrity.
Juan graduated from The University of Central Arkansas, earning a BA in Marketing. His also has earned the Chartered Retirement Planning Counselor designation, empowering him to provide even more advice as clients transition into retirement. Beyond professional realms, Juan's commitment to the community shines. He's an active member of the Fellowship Bible Church, champions the cause of Our House, and volunteers at The Arkansas Food Bank, reflecting his dedication to uplifting those in need.
Family and community are central to Juan. He beams with pride as a father, cheering on his son, Mason, on the soccer field. Little Rock isn't just Juan's hometown; it's where he's crafting legacies, both for his clients and within the community.
Securities Agent: OR, WI, SD, OH, NY, KS, VA, TN, NC, CO, AR, WA, NV, NJ, MS, MN, IL, CA, NE, MD, GA, AZ, WV, ME, AL, NM, MO, MI, MA, DE, TX, IN, PA, OK, LA, FL, AK, VT; General Securities Representative; Investment Advisor Representative
NMLS#: 859998
NMLS#: 859998
About RJ Moore, MBA
Raised in a family of business owners and blue-collar workers, RJ Moore understands firsthand the dedication, sacrifice, and strategic planning required to build and sustain a successful enterprise. This foundation shaped his passion for helping business owners manage both their company and personal assets, ensuring long-term financial stability and growth.
Since 2018, RJ has been committed to guiding his clients through the complexities of wealth management. His approach is rooted in building strong relationships and developing tailored financial strategies that serve as roadmaps for success. Whether navigating business expansion, succession planning, or personal wealth preservation, RJ takes pride in crafting customized solutions that align with each client’s goals.
Beyond his professional work, RJ is a dedicated leader in his community. As President of Arkansas Rising Soccer Club, he plays a key role in fostering youth soccer development and providing opportunities for young athletes. He is also an active member of St. Francis of Assisi Church in Little Italy, where he contributes to various initiatives that strengthen the local community.
A devoted husband and father, RJ and his wife, Ashley, have three children – Jay, Cooper, and Micaela. When he’s not working with clients or serving his community, you can find him cheering on Arsenal in the Premier League and the Arkansas Razorbacks.
Since 2018, RJ has been committed to guiding his clients through the complexities of wealth management. His approach is rooted in building strong relationships and developing tailored financial strategies that serve as roadmaps for success. Whether navigating business expansion, succession planning, or personal wealth preservation, RJ takes pride in crafting customized solutions that align with each client’s goals.
Beyond his professional work, RJ is a dedicated leader in his community. As President of Arkansas Rising Soccer Club, he plays a key role in fostering youth soccer development and providing opportunities for young athletes. He is also an active member of St. Francis of Assisi Church in Little Italy, where he contributes to various initiatives that strengthen the local community.
A devoted husband and father, RJ and his wife, Ashley, have three children – Jay, Cooper, and Micaela. When he’s not working with clients or serving his community, you can find him cheering on Arsenal in the Premier League and the Arkansas Razorbacks.
Securities Agent: NM, VA, TN, MI, LA, WA, NV, MS, CO, TX, MN, PA, MA, IL, AR, NE, WV, AK, WI, NJ, NC, GA, FL, DE, CA, AZ, OH, AL, OK, MO, MD, KS, IN, VT, OR, NY, ME; General Securities Representative; Investment Advisor Representative
NMLS#: 1962439
CA Insurance License #: 4367376
AR Insurance License #: 18768048
NMLS#: 1962439
CA Insurance License #: 4367376
AR Insurance License #: 18768048
About Susan Hunter
With a professional journey that began at E. F. Hutton in Michigan back in 1983, Susan brings an impressive four decades of financial industry experience to her role. Relocating to Little Rock in 1986, she has been an unwavering pillar through the firm's many transitions, proving her adaptability and commitment. From roles as a Branch Manager Assistant to a Complex Manager Assistant, Susan has acquired a wealth of expertise that she now harnesses in her role as a Client Service Associate.
Susan's enthusiasm for her work is fueled by her genuine desire to assist clients. She takes immense satisfaction in answering queries and addressing service needs, ensuring that each client feels valued and understood. Her vast experience makes her a trusted resource for both her team and her clientele.
Beyond her professional endeavors, Susan, alongside her husband, Frank, have embarked on a journey of adopting and caring for dogs. Their home is currently brightened by the playful antics of Carly, their cherished Goldendoodle.
Susan's enthusiasm for her work is fueled by her genuine desire to assist clients. She takes immense satisfaction in answering queries and addressing service needs, ensuring that each client feels valued and understood. Her vast experience makes her a trusted resource for both her team and her clientele.
Beyond her professional endeavors, Susan, alongside her husband, Frank, have embarked on a journey of adopting and caring for dogs. Their home is currently brightened by the playful antics of Carly, their cherished Goldendoodle.
Contact Joe Locke
Contact Jason Chacko
Contact Juan Morales
Contact RJ Moore, MBA
Wealth Management
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
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A Simple Six-Step Retirement Checkup
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Working closely with you to guide your wealth and investments through the most challenging market cycles.
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529 Plans: A Powerful Tool to Save for Education
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Financial Planning for Life After Selling a Business
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Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
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- Set themselves apart by offering comprehensive financial wellness benefits.
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Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
