Phone:
(337) 267-2556(337) 267-2556
The Renaissance Group at Morgan Stanley
Direct:
(703) 456-6013(703) 456-6013
Our Mission Statement
Our Mission is to empower families to live exceptional lives
Renaissance Group Value Proposition
Over the years, you have made many decisions. One in particular is likely to have a lasting impact on your well-being and that of your family: the choice of a Financial Advisor.
We have the resources to help you navigate volatile markets and changing life circumstances. Our team can help select the insights that are most meaningful for your portfolio from the daily barrage of market data and opinion.
In planning and executing strategies that can help you attain your objectives, we can draw on the resources and intellectual strength of a global financial services leader.
Whatever your financial goals, and however you prefer to pursue them, The Renaissance Group at Morgan Stanley offers you insights and a wide range of capabilities to help meet your unique needs:
· Managing personal wealth to institutional standards
· The knowledge to get it done
· Intellectual capital, global perspective
· Sophisticated strategies, rigorous risk management
· A broad offering of investment choices
To help you reach your overall wealth management goals, we are committed to providing you the following:
• Exceptional personal service
• Commitment to objectivity
• Dedication to simplicity
• Meaningful integration of life and wealth
• Exclusive client events
In the end, our aim is to provide you with a plan where we:
• Design comprehensive and customized investment strategies
• Bring the specialists to you
• Implement and monitor results
We have the resources to help you navigate volatile markets and changing life circumstances. Our team can help select the insights that are most meaningful for your portfolio from the daily barrage of market data and opinion.
In planning and executing strategies that can help you attain your objectives, we can draw on the resources and intellectual strength of a global financial services leader.
Whatever your financial goals, and however you prefer to pursue them, The Renaissance Group at Morgan Stanley offers you insights and a wide range of capabilities to help meet your unique needs:
· Managing personal wealth to institutional standards
· The knowledge to get it done
· Intellectual capital, global perspective
· Sophisticated strategies, rigorous risk management
· A broad offering of investment choices
To help you reach your overall wealth management goals, we are committed to providing you the following:
• Exceptional personal service
• Commitment to objectivity
• Dedication to simplicity
• Meaningful integration of life and wealth
• Exclusive client events
In the end, our aim is to provide you with a plan where we:
• Design comprehensive and customized investment strategies
• Bring the specialists to you
• Implement and monitor results
Philanthropy News
- Morgan Stanley Foundation recently donated a $25k grant to Second Harvest Food Bank of Greater New Orleans & Acadiana to expand food choices.
Services Include
- Wealth ManagementFootnote1
- 401(k) Rollovers
- 529 PlansFootnote2
- Alternative InvestmentsFootnote3
- AnnuitiesFootnote4
- Asset Management
- Business Succession PlanningFootnote5
- Cash ManagementFootnote6
- Endowments and FoundationsFootnote7
- Estate Planning StrategiesFootnote8
- Financial PlanningFootnote9
- Lending Products
- LGBT+ Planning ServicesFootnote10
- Life InsuranceFootnote11
- Long Term Care InsuranceFootnote12
- Philanthropic Services
- Planning for Education FundingFootnote13
- Professional Portfolio ManagementFootnote14
- Qualified Retirement PlansFootnote15
- Retirement PlanningFootnote16
- Sustainable InvestingFootnote17
- Trust AccountsFootnote18
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
The Morgan Stanley wealth management process begins with you, your investment objectives and your financial goals. Holistic in its approach, it may encompass all the elements of your financial life - your investments and your cash management needs - seeking to make sure they align with your goals and wealth management plan.
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.
Whatever your financial goal - whether to grow your wealth, preserve it or pass it on to others, you can count on us help with a strategy that is:
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.
Whatever your financial goal - whether to grow your wealth, preserve it or pass it on to others, you can count on us help with a strategy that is:
1. Personal
Highly individualized and committed to helping you achieve financial success.
2. Flexible
Responsive to changes in your life and in your priorities over time.
3. Comprehensive
Covering a broad array of investment products and services, with preferred benefits tied to your valued status with us.
Our Process - Step 1: Discovery Process
We take the time to fully understand you and your family - whether you're planning for retirement, purchasing a new home, or living out your golden years - we consider all of your challenges, goals, and aspirations when building your financial picture.
Our Process - Step 2: 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.
Our Process - Step 3: 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.
Our Process - Step 4: Measuring Your Success
We check in with you to deliver metrics around your portfolio, and ultimately measure trajectory towards or away from your goals. Our ultimate mission is your success and well-being.
Our Investment Philosophy
Objective
The objective of our investment strategy is to dynamically adapt the portfolio to the opportunities presented in the market. The intention is to provide the investor the potential to capitalize on shorter term trends, realize increased gains, limit volatility, and provide risk management. Furthermore, by reducing exposure to various assets in prolonged declines, we intend to reduce portfolio risk, reduce exposure to capital loss, and thereby establish a structure intended to provide long-term sustainable growth.
What Are We Trying to Achieve?
Our goal is to generate returns that are better than benchmark returns (Excess Returns). We seek excess returns above the benchmark in three areas: Equity Selection (better stocks than the benchmark), Bond Selection (better bonds than the benchmark), and a better stock/bond mix than the benchmark.
How Do We Do That?
We use an investing technique called Relative Strength to help us identify near-term investment opportunities. We seek to buy strength with the assumption that recent strength, on a relative basis, will continue in the near-to-intermediate term. This technique is applied to the three areas we mentioned above: equity selection, bond selection, and stock/bond mix specification. To illustrate this, consider an equity sleeve. For the sake of an example, we will use US equity sectors.
In steps 1 & 2, we identify nine investable sectors creating a diversified sleeve (Technology, Materials, Financials, Utilities, Industrials, Healthcare, Energy, Consumer Staples, and Consumer Discretionary).
In step 3, we apply a strength screen to the nine sectors by calculating the strength of each sector security and then ranking them from strongest to weakest. We naturally select the strongest sectors from the list, as our rules-based system specifies.
In step 4, we apply a Risk Management Screen to the selected sectors. In this step, we eliminate from investment consideration any security that we reasonably believe would produce negative returns in the near term. Securities that pass this Screen would be marked for investment.
In step 5, we invest with conviction with the belief that our process is likely (but not guaranteed) to generate positive excess returns.
In steps 1 & 2, we identify nine investable sectors creating a diversified sleeve (Technology, Materials, Financials, Utilities, Industrials, Healthcare, Energy, Consumer Staples, and Consumer Discretionary).
In step 3, we apply a strength screen to the nine sectors by calculating the strength of each sector security and then ranking them from strongest to weakest. We naturally select the strongest sectors from the list, as our rules-based system specifies.
In step 4, we apply a Risk Management Screen to the selected sectors. In this step, we eliminate from investment consideration any security that we reasonably believe would produce negative returns in the near term. Securities that pass this Screen would be marked for investment.
In step 5, we invest with conviction with the belief that our process is likely (but not guaranteed) to generate positive excess returns.
Putting It All Together for Our Clients
In the example above, we walked through a single equity sleeve. This process can be generalized to the other parts of the equity market, bond market, alternatives, etc.. No investment strategy can be expected to succeed all the time in all time frames, but by incorporating multiple sleeves, we allow for the following properties:
○ We allow some sleeves to temporarily underperform while others hopefully produce excess returns.
Multiple sleeves gives us multiple points of control to incrementally adjust position weightings from a bottom-up perspective.
○ We allow some sleeves to temporarily underperform while others hopefully produce excess returns.
Multiple sleeves gives us multiple points of control to incrementally adjust position weightings from a bottom-up perspective.
Our Commitment to You
As your Wealth Management Team, we want to find out about you, the kind of lifestyle you enjoy, what you want to accomplish for you and your family, what worries you and what you're passionate about. We want to help you reach your overall wealth management goals.
Learn More
To dive deeper into our Investment Philosophy, click the link below.
Our Investment Philosophy
"The foundation of achieving wealth management goals is creating a personalized comprehensive plan." - Powell Royall
As our clients' Wealth Management Team, we want to find out about them: What they want to accomplish for them and their family, the kind of lifestyle they want, their worries and what they are passionate about.
The Renaissance Group at Morgan Stanley works from an extensive knowledge base built on diverse skills, experience, training and professional interests. We are able to offer our clients the following:
As our clients' Wealth Management Team, we want to find out about them: What they want to accomplish for them and their family, the kind of lifestyle they want, their worries and what they are passionate about.
The Renaissance Group at Morgan Stanley works from an extensive knowledge base built on diverse skills, experience, training and professional interests. We are able to offer our clients the following:
Resources
We have the resources to help our clients navigate volatile markets and changing life circumstances.
Insights
We can help select the insights that are most meaningful for your portfolio from the daily barrage of market data and opinion.
Capabilities
Whatever your financial goals are and however you prefer to pursue them, we offer you insights and a wide range of capabilities to help meet your needs:
○ Managing your wealth to institutional standards
○ Intellectual capital, global perspective
○ Rigorous risk management
○ A broad offering of investment choices
○ Managing your wealth to institutional standards
○ Intellectual capital, global perspective
○ Rigorous risk management
○ A broad offering of investment choices
Valuable 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 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.
Upcoming Event - January 24th, 2024
An Introduction to Long Term Care
Date: January 24th, 2024
Time: 11:00am-12:00pm ET; 10:00am-11:00am CT
Where: Zoom Webinar - Click the link below for RSVP information.
View InvitationDate: January 24th, 2024
Time: 11:00am-12:00pm ET; 10:00am-11:00am CT
Where: Zoom Webinar - Click the link below for RSVP information.
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
GIC Weekly Report
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
Read The Latest Report
Goals Based Planning
Working with us, paired with our technology, 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 About Our Planning Tools
On The Markets 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
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.
Learn More About Online Security Center
Morgan Stanley Ideas
See the full archive of Morgan Stanley Ideas for our perspective on what's shaping the world today, and tomorrow.
Morgan Stanley Ideas
Morgan Stanley Online
Your investments and everyday finances are always just a few clicks away with Morgan Stanley Online (MSO) and the Morgan Stanley Mobile App.
Learn More About MSO
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.
Check Out The Latest EpisodeEvent - September 27th, 2023
Direct Indexing - A Tax Advantaged Investment Strategy
Date: September 27th, 2023
Time: 6:00pm-8:00pm EDT
Where: Cooper's Hawk Winery and Restaurant
19870 Belmont Chase Dr. Ashburn, VA 20147
To RSVP, please contact Shanika McCloud or Paul Luebbe at:
Email: Shanika.McCloud@morganstanley.com
Phone: (703) 456-6028
Email: Paul.Luebbe@morganstanley.com
Phone: (703) 456-6013
View InvitationDate: September 27th, 2023
Time: 6:00pm-8:00pm EDT
Where: Cooper's Hawk Winery and Restaurant
19870 Belmont Chase Dr. Ashburn, VA 20147
To RSVP, please contact Shanika McCloud or Paul Luebbe at:
Email: Shanika.McCloud@morganstanley.com
Phone: (703) 456-6028
Email: Paul.Luebbe@morganstanley.com
Phone: (703) 456-6013
Event - August 31st, 2023
Wealth Planning for Women - Investing at Every Stage of Your Life
Date: August 31st, 2023
Time: 7:00PM-8:00PM EDT
Where: Zoom Invitation: Please RSVP to Shanika McCloud at Shanika.McCloud@morganstanley.com for Zoom Webinar details
Join Shanika McCloud and the Renaissance Group at Morgan Stanley for a discussion around wealth planning for women and how your approach to investing may change as you grow from starting out to building wealth during your peak earning years and preparing for retirement.
View InvitationDate: August 31st, 2023
Time: 7:00PM-8:00PM EDT
Where: Zoom Invitation: Please RSVP to Shanika McCloud at Shanika.McCloud@morganstanley.com for Zoom Webinar details
Join Shanika McCloud and the Renaissance Group at Morgan Stanley for a discussion around wealth planning for women and how your approach to investing may change as you grow from starting out to building wealth during your peak earning years and preparing for retirement.
Location
400 E Kaliste Saloom Rd
Ste 1200
Lafayette, LA 705083298
US
Direct:
(703) 456-6013(703) 456-6013
400 E. Kaliste Saloom Rd
Suite 1200
Lafayette, LA 70508
US
Direct:
(337) 267-2556(337) 267-2556
Meet The Renaissance Group
Paul Luebbe
Associate Vice President, Wealth Advisor, Senior Portfolio Manager
Phone:
(703) 456-6013(703) 456-6013
Erin Satterfield
Senior Client Service Associate
Phone:
(703) 456-6022(703) 456-6022
About Powell Royall
Mr. Royall is based out of the Lafayette, LA office and has been working with Morgan Stanley as a Financial Advisor since 2001. He also serves as the Branch Manager in Lafayette after spending 5 years as the Branch Manager of Alexandria, VA. As a senior partner in the Renaissance Group, Mr. Royall oversees the planning aspect for our clients to make sure that the services we provide to our clients match up with their goal. In this role he works with traditional investments, Alternative Investments, Insurance, Liability management and client services to make sure all aspects of our clients financial lives work in harmony. Mr. Royall also helps clients meet charitable and estate planning goals, integrating investment and estate planning.
Raised in Fairfax Country, VA, Mr. Royall holds a Bachelor of Science Degree in Finance from Virginia Commonwealth University and has been working at Morgan Stanley since 2001. Prior to joining Morgan Stanley, Mr. Royall worked as the COO of SP Inc, a Sporting Goods retailer and manufacturer in the Mid-Atlantic area. Mr. Royall is a multiple Horizons Award winner and began serving as the Branch Manager in Alexandria in 2013.
When not working with clients, Mr. Royall enjoys spending time traveling with his family, wife, Chelsea and son, Ryan and is an avid fan of the Washington Commanders, Capitals, Baltimore Orioles and Alabama Crimson Tide. Powell is involved in many local charities in the Lafayette area and an advocate for local youth sports.
Raised in Fairfax Country, VA, Mr. Royall holds a Bachelor of Science Degree in Finance from Virginia Commonwealth University and has been working at Morgan Stanley since 2001. Prior to joining Morgan Stanley, Mr. Royall worked as the COO of SP Inc, a Sporting Goods retailer and manufacturer in the Mid-Atlantic area. Mr. Royall is a multiple Horizons Award winner and began serving as the Branch Manager in Alexandria in 2013.
When not working with clients, Mr. Royall enjoys spending time traveling with his family, wife, Chelsea and son, Ryan and is an avid fan of the Washington Commanders, Capitals, Baltimore Orioles and Alabama Crimson Tide. Powell is involved in many local charities in the Lafayette area and an advocate for local youth sports.
Securities Agent: WY, AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1275810
NMLS#: 1275810
About Paul Luebbe
Mr. Luebbe believes it is incumbent on advisors to provide vision through challenging times. He also believes that the years since 2000 have been a challenge for investors and those trying to build funds for retirement. Being a student of behavioral finance (why investors and advisors make financial decisions), he is committed to looking beyond the world of wishful thinking and is fully committed to embracing a view of reality, as difficult as that may be at times. Only then, he believes, can investment and financial plans be made that can help achieve their goals. As a result, Mr. Luebbe seeks to embody several key guideposts in his work for the benefit of clients:
1) A personal commitment to remain intellectually curious,
2) An obligation to seek the best insights available, both inside and outside of Morgan Stanley, and
3) The persistence to lean against the convenience of convention.
Mr. Luebbe is based in the Reston, VA office and has been working with Morgan Stanley as a Financial Advisor since 2002. As a senior partner in the Renaissance Group, he drives much of the portfolio research and construction for the Group and devotes substantial time to helping clients meet their goals, such as retirement, charitable giving, college education, and estate planning strategies.
Raised in Pittsburgh, PA, Paul holds both Masters of Science and Bachelors of Science degrees in Electrical Engineering from the University of Pittsburgh. Prior to joining Morgan Stanley, he held various positions in engineering and management in the Technology industry.
A passionate musician, Paul is an active bass and trombone player in various Christian rock groups in the area.
When not working or engaged in service endeavors, Paul enjoys time with his family; wife, Zet, son Gabe, and daughter Beka.
1) A personal commitment to remain intellectually curious,
2) An obligation to seek the best insights available, both inside and outside of Morgan Stanley, and
3) The persistence to lean against the convenience of convention.
Mr. Luebbe is based in the Reston, VA office and has been working with Morgan Stanley as a Financial Advisor since 2002. As a senior partner in the Renaissance Group, he drives much of the portfolio research and construction for the Group and devotes substantial time to helping clients meet their goals, such as retirement, charitable giving, college education, and estate planning strategies.
Raised in Pittsburgh, PA, Paul holds both Masters of Science and Bachelors of Science degrees in Electrical Engineering from the University of Pittsburgh. Prior to joining Morgan Stanley, he held various positions in engineering and management in the Technology industry.
A passionate musician, Paul is an active bass and trombone player in various Christian rock groups in the area.
When not working or engaged in service endeavors, Paul enjoys time with his family; wife, Zet, son Gabe, and daughter Beka.
Securities Agent: IL, IA, WY, TX, MS, IN, HI, NH, LA, TN, PA, CO, CA, ME, NC, MD, MA, CT, AZ, VA, GA, FL, WV, NY, NM, NJ, DC, AL, SC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1410480
NMLS#: 1410480
Contact Powell Royall
Contact Paul Luebbe
Wealth Management
From Our Team
Financial Planning for Life After Selling a Business
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Impact Outcomes
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
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Ready to start a conversation? Contact The Renaissance Group today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
2Investors 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.
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.
4Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 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 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.
8Morgan 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.
9Morgan 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.
10Morgan 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.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
14Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
15When 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.
16When 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.
17The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
18Morgan 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.
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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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.
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2Investors 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.
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.
4Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 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 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.
8Morgan 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.
9Morgan 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.
10Morgan 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.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
14Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
15When 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.
16When 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.
17The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
18Morgan 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.
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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.
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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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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
CRC 6491812 (04/2024)