Michael Psaltis, CRPS®, C(k)P®
Senior Vice President, Wealth Management, Financial Advisor, Alternative Investments Director
Phone:
(312) 419-3516(312) 419-3516
The Psaltis Group at Morgan Stanley
Our Mission Statement
At The Psaltis Group, our team's mission is to continuously exceed our clients' expectations.
Our Story and Services
As dedicated professionals, The Psaltis Group serves families, individuals, and businesses. Our advisors develop financial plans and tailor investment strategies to help achieve desired outcomes.
Our Service Associates, Ray and Klaudia operate as your financial concierge, delivering high touch service through proactive communication.
We pride ourselves on the time and dedication that we put into every relationship. Our number one goal is to deliver the ultimate client experience.
The Psaltis Group is honored to have been named to Forbes’ Best In-State Wealth Management Teams in 2023, 2024 and 2025.
Founding partner Michael Psaltis was ranked as a Forbes' Best-In-State Wealth Advisor in 2024.
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23.
Source: Forbes.com (Awarded Apr 2024) Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23.
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC for the period 3/31/23-3/31/24
Our Service Associates, Ray and Klaudia operate as your financial concierge, delivering high touch service through proactive communication.
We pride ourselves on the time and dedication that we put into every relationship. Our number one goal is to deliver the ultimate client experience.
The Psaltis Group is honored to have been named to Forbes’ Best In-State Wealth Management Teams in 2023, 2024 and 2025.
Founding partner Michael Psaltis was ranked as a Forbes' Best-In-State Wealth Advisor in 2024.
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23.
Source: Forbes.com (Awarded Apr 2024) Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23.
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC for the period 3/31/23-3/31/24
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
As your dedicated wealth management team, our role is to tailor a personalized financial strategy which fits your needs. In our experience working with clients, we have developed a step-by-step approach to service.
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 the 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 Success
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.
Corporate Services
Retirement Solutions
For your employees, retirement is more than a date in the future – it’s a milestone that takes time, hard work and the right tools to achieve. Morgan Stanley at Work provides plan sponsors with a comprehensive suite of solutions and investment experience that helps your employees maximize their potential to reach their long-term goals.
Learn more about Retirement Solutions
Financial Wellness
Our Financial Wellness offering takes a multi-channel approach, leveraging cutting-edge technology and personal guidance to encourage you to take control and get the support you need, wherever you are on your financial journey.
Learn more about Financial Wellness
Equity Compensation
With tailored equity compensation solutions, modern technology, hands-on guidance and dedicated service, we help you effectively administer equity while managing risk and compliance on a global scale.
Learn more about Equity Compensation
Cash Management Services
We understand that each company has complexities to overcome. We listen to each concern to develop a bespoke approach to help address each unique solution.
Learn more about Corporate Cash Management ServicesAlternative Investments
Private Real Estate
Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management arm of Morgan Stanley. With over 200 professionals in 17 offices across 13 countries plus decades of experience investing internationally, MSREI is uniquely positioned to execute core and opportunistic strategies globally.
Learn more about Private Real Estate
Private Equity
Our private equity team invest in segments of the market that, in our view, are generally undeserved by other providers of private capital. We invest directly in private business and also allocate capital to compelling fund managers, secondary market opportunities and co-investments on behalf of our limited partners. We seek situations where we believe expertise, reputation and access to the unparalleled resources of Morgan Stanley will enable us to generate attractive risk-adjusted returns.
Learn more about Private Equity
Private Credit
Private Credit Investing is an essential component of Morgan Stanley Investment Management's alternative investments platform. We manage a well-defined group of strategies and seek to deliver attractive returns to our investors by forging successful partnerships with our portfolio companies.
Learn more about Private Credit
Hedge Funds
We specialize in delivering a broad range of hedge fund portfolio solutions to a global client base. Our strategies include custom hedge fund portfolios; broadly diversified, opportunistic and strategy-specific funds; and advisory services.
Learn more about Hedge FundsValuable Tools and Resources
Our comprehensive suite of digital tools are designed to help enhance every aspect of your financial life. Below are a few of the technologies we have to offer our clients. We have also included resources meant to transform complex financial analysis and research into concise and easily digestible content.
Financial Planning
Working with us, paired with our technology, is a great way to access advice and build a wealth plan. Read more about the advantage of working with our planning technology to reach your goals.
Look At An In Depth Financial Analysis
On the Markets: Research Report
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
Read The Most Recent Research Report
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
Thoughts On The Market Podcast
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen To The Most Recent Podcast
E-Authorization
With E-Authorization, you no longer need to sign a paper Letter of Authorization (LOA) to authorize a wire transfer request.
Learn More About E-Authorization
Reserved Living & Giving
Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. Members can enjoy special discounts and timely insights to support them at home and beyond.
Learn More About Reserved Living & Giving
Online Security Center
At Morgan Stanley, safeguarding your assets and personal information is among our highest priorities. Learn about our security measures and use our resources and ideas to help protect yourself online.
Visit The Online Security Center
2023 Tax Tables
Please view the following attachment to find the 2023 federal tax tables.
View The 2023 Tax TablesLocation
233 S Wacker Dr
Ste 8600
Chicago, IL 60606
US
Direct:
(312) 419-3516(312) 419-3516
Meet The Psaltis Group
Jason Burriss, CIMA®, C(k)P®
Financial Advisor, Corporate Retirement Director, Financial Wellness Director
Phone:
(312) 419-3502(312) 419-3502
Kyle Mackey
Financial Advisor
Phone:
(312) 419-3572(312) 419-3572
Raymond Ortiz
Senior Client Service Associate
Phone:
(312) 419-3501(312) 419-3501
Klaudia Panek
Registered Associate
Phone:
(312) 419-3505(312) 419-3505
About Michael Psaltis
Michael began his career in wealth management in 2006. He is the managing partner and founder of The Psaltis Group in downtown Chicago. Throughout his tenure, Michael has developed a consultative wealth management approach with his clients.
Michael and the team are dedicated to providing customized investment strategies to help high-net-worth multigenerational families, corporate executives and business owners accomplish their personal and business goals.
Michael holds a bachelor’s degree in finance from the Indiana University Kelley School of Business. He was named to Forbes’ "America’s Top Next-Generation Wealth Advisors” list in 2018, Forbes' "Best-in-State Next Generation Wealth Advisors" list in 2019.* Forbes' "Best-In-State Top Next-Gen Wealth Advisors" list in 2023. and Forbes' "Best-in-State Wealth Advisors" list in 2024.
He also holds the Chartered Retirement Plans SpecialistSM designation from the College for Financial Planning, and has earned the C(k)P®, Certified 401(k) Professional, designation from the Retirement Advisor University in collaboration with the UCLA Anderson School of Management Executive Education.
Michael resides in Western Springs, IL with his wife, Lindsay, and their three children.
Disclosures:
"Forbes Top 1,000 Next Gen Wealth Advisors
Source: Forbes.com (Awarded Jul 2018) Data compiled by SHOOK Research LLC based on time period from 3/31/17 - 3/31/18.
"
"Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded Feb 2019) Data compiled by SHOOK Research LLC based on time period from 6/30/17 - 6/30/18. "
"2023 Forbes Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-In-State
Source: Forbes.com (Awarded Aug 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/22–3/31/23."
"Forbes Best-In-State Wealth Advisors 2024
Source: Forbes.com (Awarded Apr 2024) Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23.
Michael and the team are dedicated to providing customized investment strategies to help high-net-worth multigenerational families, corporate executives and business owners accomplish their personal and business goals.
Michael holds a bachelor’s degree in finance from the Indiana University Kelley School of Business. He was named to Forbes’ "America’s Top Next-Generation Wealth Advisors” list in 2018, Forbes' "Best-in-State Next Generation Wealth Advisors" list in 2019.* Forbes' "Best-In-State Top Next-Gen Wealth Advisors" list in 2023. and Forbes' "Best-in-State Wealth Advisors" list in 2024.
He also holds the Chartered Retirement Plans SpecialistSM designation from the College for Financial Planning, and has earned the C(k)P®, Certified 401(k) Professional, designation from the Retirement Advisor University in collaboration with the UCLA Anderson School of Management Executive Education.
Michael resides in Western Springs, IL with his wife, Lindsay, and their three children.
Disclosures:
"Forbes Top 1,000 Next Gen Wealth Advisors
Source: Forbes.com (Awarded Jul 2018) Data compiled by SHOOK Research LLC based on time period from 3/31/17 - 3/31/18.
"
"Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded Feb 2019) Data compiled by SHOOK Research LLC based on time period from 6/30/17 - 6/30/18. "
"2023 Forbes Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-In-State
Source: Forbes.com (Awarded Aug 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/22–3/31/23."
"Forbes Best-In-State Wealth Advisors 2024
Source: Forbes.com (Awarded Apr 2024) Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23.
Securities Agent: NC, MI, IN, AZ, OH, RI, LA, WA, TX, TN, GA, VA, MO, DC, SC, NJ, MN, KY, IL, FL, CT, WI, PA, IA, NY, NV, KS, CO, CA; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 559496
NMLS#: 559496
About Jason Burriss
Jason develops customized retirement programs for corporations and closely held private businesses. Designated as a Corporate Retirement Director, Jason is part of a select group of approximately 2% of advisors at Morgan Stanley with a specialty in serving retirement plans.
Jason was named to the National Association of Plan Advisors (NAPA) Top 100 Retirement Plan Advisors Under 40 list in 2025, 2024, 2023, 2022, and 2021. He is an active member of the Retirement Advisor Council, whose mission is to advocate for successful retirement plan outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment firms and asset managers, and defined contribution plan service providers.
He has earned the Certified Investment Management Analyst® (CIMA®) designation, the Certified 401(k) Professional (C(k)P®), designation from the Retirement Advisor University in collaboration with the UCLA Anderson School of Management Executive Education, and the Certified Plan Fiduciary Advisor (CPFA®) through the National Association of Plan Advisors (NAPA).
Jason has a bachelor's degree in finance from Indiana University and volunteers through the Kelley School of Business at Indiana University's Compass Mentor and Alumni Leader programs, where he provides guidance to college students on their professional development.
Jason lives in Downers Grove, IL with his wife Jen and daughter Brooke.
---
2025 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2025) Data compiled by NAPA based on time period from August 2024-August 2025.
2024 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2024) Data compiled by NAPA based on time period from August 2023-August 2024.
2023 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2023) Data compiled by NAPA based on time period from August 2022-August 2023.
2022 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2022) Data compiled by NAPA based on time period from August 2021-August 2022.
2021 NAPA's Top Retirement Plan Advisors Under 40
Source: napa-net.org (November 2021) Data compiled by NAPA based on time period from Aug 2020-Aug 2021.
Established in 2014, the NAPA Top Retirement Plan Advisors Under 40 is based on applications received from nominees designated by NAPA Broker-Dealer/RIA Firm Partners. Those applications are then vetted by a blue-ribbon panel of senior advisor industry experts based on a combination of quantitative and qualitative data submitted by the nominees, as well as a broker-check review.
Jason was named to the National Association of Plan Advisors (NAPA) Top 100 Retirement Plan Advisors Under 40 list in 2025, 2024, 2023, 2022, and 2021. He is an active member of the Retirement Advisor Council, whose mission is to advocate for successful retirement plan outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment firms and asset managers, and defined contribution plan service providers.
He has earned the Certified Investment Management Analyst® (CIMA®) designation, the Certified 401(k) Professional (C(k)P®), designation from the Retirement Advisor University in collaboration with the UCLA Anderson School of Management Executive Education, and the Certified Plan Fiduciary Advisor (CPFA®) through the National Association of Plan Advisors (NAPA).
Jason has a bachelor's degree in finance from Indiana University and volunteers through the Kelley School of Business at Indiana University's Compass Mentor and Alumni Leader programs, where he provides guidance to college students on their professional development.
Jason lives in Downers Grove, IL with his wife Jen and daughter Brooke.
---
2025 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2025) Data compiled by NAPA based on time period from August 2024-August 2025.
2024 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2024) Data compiled by NAPA based on time period from August 2023-August 2024.
2023 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2023) Data compiled by NAPA based on time period from August 2022-August 2023.
2022 NAPA's Top Retirement Plan Advisors Under 40
Source: www.napa-net.org (November 2022) Data compiled by NAPA based on time period from August 2021-August 2022.
2021 NAPA's Top Retirement Plan Advisors Under 40
Source: napa-net.org (November 2021) Data compiled by NAPA based on time period from Aug 2020-Aug 2021.
Established in 2014, the NAPA Top Retirement Plan Advisors Under 40 is based on applications received from nominees designated by NAPA Broker-Dealer/RIA Firm Partners. Those applications are then vetted by a blue-ribbon panel of senior advisor industry experts based on a combination of quantitative and qualitative data submitted by the nominees, as well as a broker-check review.
Securities Agent: LA, RI, PA, OH, MN, FL, CA, AR, VA, NC, KS, NV, NJ, GA, CO, WA, IN, DC, IL, IA, AZ, KY, CT, TN, SC, NY, MI, TX, MO, WI; General Securities Representative; Investment Advisor Representative
NMLS#: 1231092
NMLS#: 1231092
About Kyle Mackey
Kyle joined the Psaltis Group as a Financial Advisor in 2016. Prior to his time as an advisor, Kyle practiced family law in the Chicagoland area. He is uniquely qualified to manage multi-generational family wealth and address financially life-changing circumstances.
Kyle is involved with a number of charitable organizations. He founded The Book Benefit, which provides underprivileged children with access to books.
He also sits on the board of the Luminarts Cultural Foundation, an organization dedicated to supporting exemplary young artists with financial awards, artistic opportunities and mentorship programs.
Kyle received his bachelor's degree from Indiana University and his Juris Doctor from the University of Miami School of Law.
Kyle is involved with a number of charitable organizations. He founded The Book Benefit, which provides underprivileged children with access to books.
He also sits on the board of the Luminarts Cultural Foundation, an organization dedicated to supporting exemplary young artists with financial awards, artistic opportunities and mentorship programs.
Kyle received his bachelor's degree from Indiana University and his Juris Doctor from the University of Miami School of Law.
Securities Agent: AZ, NY, NC, MO, NV, MN, KS, WI, NJ, GA, CO, WA, SC, LA, IN, RI, FL, VA, TX, PA, MI, KY, CA, CT, IL, TN, IA, DC; General Securities Representative; Investment Advisor Representative
NMLS#: 1496939
NMLS#: 1496939
About Raymond Ortiz
Ray joined The Psaltis Group as a Senior Client Service Associate in 2008. With a focus on account management and client interactions, Ray strives to ensure all client requests are completed in a timely manner. If you know Ray, you know he's an early bird and will take your call at the crack of dawn with a smile on his face!
Prior to joining the team, Ray worked as a clerk at Smith Barney at the Chicago Board of Trade for 15 years.
Ray currently lives in La Grange, IL. If he's not in the office, you can find Ray riding his Harley Davidson or spending time with his two daughters, Alexis and Ariel in addition to his grandson Sebastian.
Prior to joining the team, Ray worked as a clerk at Smith Barney at the Chicago Board of Trade for 15 years.
Ray currently lives in La Grange, IL. If he's not in the office, you can find Ray riding his Harley Davidson or spending time with his two daughters, Alexis and Ariel in addition to his grandson Sebastian.
About Klaudia Panek
Klaudia joined The Psaltis Group in 2019 as a Client Service Associate. With a degree in Finance and her experience as an office administrator, Klaudia operates as the team’s business manager. She oversees our service and operational initiatives, striving to provide a first class experience to the families and businesses we service, along with tracking accountability for the team.
Klaudia currently resides in Chicago's Streeterville neighborhood. In her spare time, she enjoys working out and spending time with her friends and family.
Klaudia holds the FINRA Series 7 and 66 licenses. Klaudia also speaks Polish fluently.
Klaudia currently resides in Chicago's Streeterville neighborhood. In her spare time, she enjoys working out and spending time with her friends and family.
Klaudia holds the FINRA Series 7 and 66 licenses. Klaudia also speaks Polish fluently.
Contact Michael Psaltis
Contact Jason Burriss
Contact Kyle Mackey
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Mehul Dhadankar
Private Banker
About Mehul Dhadankar
Mehul Dhadankar is a Private Banker serving Morgan Stanley Wealth Management offices in Illinois.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Mehul began his career in financial services in 1998 and joined Morgan Stanley in 2017. Prior to joining the firm, he served as a Business Development Manager for Bank of America Merrill Lynch in the Merrill Lynch Edge product team. Mehul also served as a Resident Manager, Senior Banker, and Premier Client Manager at Bank of America.
Mehul is a graduate of the DePaul University, where he received a Bachelor of Science in Finance. He lives in Chicago, Illinois with his family. Outside of the office, Mehul enjoys playing golf, traveling, and spending time family and friends.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Mehul began his career in financial services in 1998 and joined Morgan Stanley in 2017. Prior to joining the firm, he served as a Business Development Manager for Bank of America Merrill Lynch in the Merrill Lynch Edge product team. Mehul also served as a Resident Manager, Senior Banker, and Premier Client Manager at Bank of America.
Mehul is a graduate of the DePaul University, where he received a Bachelor of Science in Finance. He lives in Chicago, Illinois with his family. Outside of the office, Mehul enjoys playing golf, traveling, and spending time family and friends.
NMLS#: 652577
Wealth Management
Global Investment Office
Portfolio Insights
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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
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
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- Long Term Care Insurance
- Special Needs Planning
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
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Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
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Donor Advised Funds: A Smart Way to Manage Your Giving
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Retirement for Plan Sponsors
End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
- Plan Evaluation
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State of the Workplace Study 2023
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Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Psaltis Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4When 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.
5Morgan 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.
6Morgan 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.
7Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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Awards Disclosures
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
4When 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.
5Morgan 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.
6Morgan 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.
7Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
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Awards Disclosures
CRC 6491812 (04/2024)
