Stephanie Ruehl
Registered Client Service Associate
Phone:
(520) 878-1989(520) 878-1989
Carol Ann Ruehl
Senior Vice President,
Financial Advisor,
Financial Planning Specialist,
Senior Portfolio Manager
Direct:
(520) 878-1988(520) 878-1988
My Mission Statement
I provide exceptional personalized service, taking time to listen and objectively assess my client's needs, risk tolerance and investment objectives.
My Story and Services
Carol Ruehl is dedicated to ensuring her clients achieve success and realizing their financial aspirations. She listens intently to understand each client’s priorities and interests to develop personalized financial strategies that are designed to help grow and preserve their wealth. Carol firmly believes that personalized service is paramount in her role, recognizing that while market fluctuations are beyond her control, the level of customization she offers to each client is within her power. Moreover, she takes great pleasure in cultivating strong relationships with her clients, recognizing the significance of genuine connections in her practice.
In 2017, 2018, 2019, 2020 and 2021, Carol was named to Morgan Stanley’s Pacesetters Club. The Club is a global recognition program for Financial Advisors who, within their first five years, demonstrate the highest professional standards and first-class client service.
Carol has spent her financial services career at Morgan Stanley. Prior to becoming a Financial Advisor, she was a Financial Planning Associate and Portfolio Associate. In this role she was responsible for helping to educate clients on the importance of asset allocation and develop strategies to mitigate risk while still designed to meet clients’ goals. Carol joined Morgan Stanley in 2004 as a Client Service Associate.
Originally from Easthampton MA, Carol and her husband Michael moved to Tucson, AZ in 2001. She is the proud mom of two adult children, son Kristopher and daughter Stephanie. In addition to volunteering at her church, Carol enjoys spending time with family and friends, traveling and taking cooking classes.
Carol holds FINRA Series 7, 63, 65, 31 and Life Insurance licenses.
In 2017, 2018, 2019, 2020 and 2021, Carol was named to Morgan Stanley’s Pacesetters Club. The Club is a global recognition program for Financial Advisors who, within their first five years, demonstrate the highest professional standards and first-class client service.
Carol has spent her financial services career at Morgan Stanley. Prior to becoming a Financial Advisor, she was a Financial Planning Associate and Portfolio Associate. In this role she was responsible for helping to educate clients on the importance of asset allocation and develop strategies to mitigate risk while still designed to meet clients’ goals. Carol joined Morgan Stanley in 2004 as a Client Service Associate.
Originally from Easthampton MA, Carol and her husband Michael moved to Tucson, AZ in 2001. She is the proud mom of two adult children, son Kristopher and daughter Stephanie. In addition to volunteering at her church, Carol enjoys spending time with family and friends, traveling and taking cooking classes.
Carol holds FINRA Series 7, 63, 65, 31 and Life Insurance licenses.
Securities Agent: AL, KS, MO, GA, AR, OH, ME, IA, NV, IL, UT, NC, MD, SC, IN, WA, VA, NJ, MI, ID, FL, CA, AK, OK, NY, MA, CT, VT, TN, PA, MN, AZ, WI, TX, OR, NM, KY, HI, CO; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1446173
NMLS#: 1446173
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
“Our DNA, our culture and our history are rooted in serving our clients.” – James Gorman
Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are four core values.
Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are four core values.
Putting Clients First
Always keep the client’s interest first.
Work with colleagues to deliver the best of the Firm and every client.
Listen to what the client is saying and needs.
Work with colleagues to deliver the best of the Firm and every client.
Listen to what the client is saying and needs.
Doing the Right Thing
Act with integrity.
Think like an owner to create long-term shareholder value.
Value and reward honesty, collegiality and character.
Think like an owner to create long-term shareholder value.
Value and reward honesty, collegiality and character.
Leading With Exceptional Ideas
Win by breaking new ground.
Let the facts and different points of view broaden your perspective.
Be vigilant about what we can do better.
Let the facts and different points of view broaden your perspective.
Be vigilant about what we can do better.
Giving Back
Be generous with your expertise, your time and your money.
Invest in the future of our communities and our firm.
Mentor our next generation
Invest in the future of our communities and our firm.
Mentor our next generation
Commitment to Diversity & Inclusion
Value individual and cultural differences as a defining strength.
Champion an environment where all employees feel a sense of belonging - are heard, seen and respected.
Challenge behavior counter to our culture of inclusion.
Attract, develop and retain talent reflecting the full diversity of society.
Champion an environment where all employees feel a sense of belonging - are heard, seen and respected.
Challenge behavior counter to our culture of inclusion.
Attract, develop and retain talent reflecting the full diversity of society.
To be truly effective, your wealth plan must reflect the totality of your personal and financial life.
The four steps I have found to be the most effective to achieve that goal:
The four steps I have found to be the most effective to achieve that goal:
Step 1: Setting Your Financial Objectives
Through a process of discovery and discussion, I will work with you to articulate your aims for your wealth. Together, we will examine your current and future liabilities, income sources and cash flow needs, and then consider factors that might influence your overall strategy, including tolerance for risk, tax concerns, liquidity needs and time horizon. Through careful analysis, I will look for potential gaps that may exist between you and your goals, and develop strategies to help smooth the path.
Step 2: Creating Your Strategy
Working from my understanding of you and your objectives, I will propose a wealth plan that contains specific strategies designed to help meet those goals. My advice may encompass issues such as retirement planning, business continuation, tax minimization potential and wealth transfer. You will also receive an asset allocation strategy designed to provide diversification for your portfolio.
Step 3: Implementing Your Strategy
After discussing and refining your strategy, I will work closely with you to bring the elements to life. Should we decide together that outside money managers are appropriate for you, I will draw on in‐depth research and analysis to help you select from the hundreds of investment management firms available to you.
Step 4: Reviewing Objectives and Performance
I view ongoing communication as the foundation of my successful collaboration with you. I will make every effort to keep abreast of your changing financial needs and provide viable strategies to help you meet them. This means reviewing your portfolio together at your request. When your circumstances change, I will work with you to revise your strategy and reposition your assets to reflect your new needs and goals.
Personalized Financial Planning
I have an unwavering focus on your financial strategy and personal goals.
I listen intently to what is important to you to help you prioritize your financial goals.
I identify the appropriate type of retirement plan and road map to help secure your future, as well as maintain beneficiary designations and assist with required minimum distributions.
I review your college 529 and Coverdell Education Savings Accounts to provide guidance on meeting future educational funding needs.
I engage the vast array of resources at Morgan Stanley to assist in lending, insurance and tax planning.
In-Depth Investment Experience
I am experienced in various economic cycles to guide you through difficult markets and help you maintain a long-term perspective.
I utilize world-class research at Morgan Stanley and third parties to select investments for your portfolio.
I employ an asset allocation strategy designed to help you reduce risk, maximize return and achieve your financial goals.
I consistently monitor and analyze your investment allocation, keeping abreast of changes in the financial markets, economic landscape and any changes in your priorities.
Concierge Service
I am laser focused on my clients' success; my clients always come first.
I am dedicated to providing boutique-like service and committed to returning calls promptly.
I have a dedicated team; my Client Service Associate is experienced, attentive and client-focused.
I value deep and lasting client relationships that are formed with exceptional customer service.
I educate your children and grandchildren about financial concepts and investments, thereby creating a continuity of your financial plan through generations.
Morgan Stanley Modern Wealth Tools, Market Analysis, & Tax Resources
Our comprehensive suite of digital tools at Morgan Stanley are designed to help enhance every aspect of your financial life. Below are a few of the technologies that 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.
Morgan Stanley Online
Seamlessly and securely manage your investments and everyday finances in one place with Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App.
Login or Sign Up Today
eDelivery
Sign up for eDelivery today and start receiving email notifications as soon as your account documents are available on Morgan Stanley Online or the Morgan Stanley Mobile App. It's quick, convenient & secure.
Enroll Today
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 Security Center
Goals Based Planning
Working with me, paired with our technology at Morgan Stanley, is a great way to access advice and build a wealth plan. Read more about the advantages of working with our planning technology in reaching your financial goals.
Learn More Here
GIC Weekly Research Report
The Global Investment Committee's, Lisa Shalett, headlines this weekly look at markets, asset class performance and fixed income.
See The Latest Report Here
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 Latest Report Here
2025 Tax Tables
This helpful resource outlines the 2025 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
Access the 2025 Federal Tax Tables2026 Tax Tables
This helpful resource outlines the 2026 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
Access the 2026 Federal Tax TablesLocation
7175 N Pima Canyon Dr
Tucson, AZ 85718
US
Direct:
(520) 878-1988(520) 878-1988
Meet My Team
About Stephanie Ruehl
Stephanie began her career in the financial industry in September 2022. While still learning the ropes, her responsibilities include client services and working on administrative projects. As she learns, she’ll start putting her analytical background, tuned from her Chemical Engineering degrees, to work.
Prior to joining Morgan Stanley, Stephanie spent over seven years in Gilbert, AZ working at General Motors as a software engineer, climbing the ladder to a Lead Software Engineer position.
In her free time, she enjoys playing with her dog, cat, and three year old daughter. She’s constantly looking for more places to take her daughter and dog on outdoor adventures. In the rare quiet moment, she enjoys reading, cooking, and crafts.
Prior to joining Morgan Stanley, Stephanie spent over seven years in Gilbert, AZ working at General Motors as a software engineer, climbing the ladder to a Lead Software Engineer position.
In her free time, she enjoys playing with her dog, cat, and three year old daughter. She’s constantly looking for more places to take her daughter and dog on outdoor adventures. In the rare quiet moment, she enjoys reading, cooking, and crafts.
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
Nate Stumberg
Vice President
About Rick Dombrowski
Rick Dombrowski is a Private Banker serving Morgan Stanley Wealth Management offices in Arizona.
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.
Rick began his career in financial services in 1996, and joined Morgan Stanley in 2014 as a Private Banker. Prior to joining the firm, he was a Private Banker at BBVA Compass. He also served as a Credit Analyst,
Private Banker and Regional Credit Manager at Wells Fargo Bank, N.A.
Rick is a graduate of Arizona State University, where he received a Bachelor of Science in Finance. He lives in Scottsdale, Arizona with his family. Outside of the office, Rick enjoys music, skiing, and traveling.
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.
Rick began his career in financial services in 1996, and joined Morgan Stanley in 2014 as a Private Banker. Prior to joining the firm, he was a Private Banker at BBVA Compass. He also served as a Credit Analyst,
Private Banker and Regional Credit Manager at Wells Fargo Bank, N.A.
Rick is a graduate of Arizona State University, where he received a Bachelor of Science in Finance. He lives in Scottsdale, Arizona with his family. Outside of the office, Rick enjoys music, skiing, and traveling.
NMLS#: 512436
About Nate Stumberg
Nate Stumberg is a vice president and financial planning director serving Morgan Stanley Wealth Management offices in Arizona, New Mexico, and El Paso, Texas. He is responsible for helping financial advisors with their clients’ and prospects’ financial planning needs.
Nate began his career in financial services in 2020 and joined Morgan Stanley in 2025. Prior to his current position, he served as a financial advisor at The Vanguard Group, where he worked closely with individuals and families to develop comprehensive financial plans and investment strategies. His work included retirement planning, tax-efficient investing, estate planning coordination, and long-term wealth management.
Nate graduated from the University of Arizona and holds his CERTIFIED FINANCIAL PLANNER™ (CFP®) and Certified Investment Management Analyst® (CIMA®) designations . Nate lives in Scottsdale, Arizona with his wife, Lexi, and his dog, Auggie. When Nate is not at work, he appreciates making his way around a golf course, skiing, attending a Cardinals or Suns sports game, going to concerts, or simply being with friends and family.
Nate began his career in financial services in 2020 and joined Morgan Stanley in 2025. Prior to his current position, he served as a financial advisor at The Vanguard Group, where he worked closely with individuals and families to develop comprehensive financial plans and investment strategies. His work included retirement planning, tax-efficient investing, estate planning coordination, and long-term wealth management.
Nate graduated from the University of Arizona and holds his CERTIFIED FINANCIAL PLANNER™ (CFP®) and Certified Investment Management Analyst® (CIMA®) designations . Nate lives in Scottsdale, Arizona with his wife, Lexi, and his dog, Auggie. When Nate is not at work, he appreciates making his way around a golf course, skiing, attending a Cardinals or Suns sports game, going to concerts, or simply being with friends and family.
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
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 consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
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 consult with your Financial Advisor to understand these differences.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Wealth Management
From My Desk
Summer Newsletter 2025
Wealth Management
Global Investment Office
Portfolio Insights
Ready to start a conversation? Contact Carol Ann Ruehl today.
1Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
7Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards 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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Morgan 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.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
7Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards 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
CRC 4665150 (8/2025), 4763067 (9/2025)
