Our Story

Over the past four decades, our clients have appreciated working with a tight-knit team of determined, accomplished professional advisors with whom they can relate; oftentimes we have faced similar situations and share similar life experiences.

We still have the honor of advising a number of our original clients and their families, and our practice has expanded to focus on guiding a wide variety of ultra-high-net-worth clients and overseeing their familial generational wealth through Jane’s designation as a Family Wealth Director. In fact, our experience with family offices goes beyond the families we work with, as our advisors Jane and Selina are a powerful mother-daughter duo.

At the Rojas Group, we are committed to doing the right thing for you and your family. We take ample time to understand your specific goals, needs and aspirations to develop a financial plan tailored with unique strategies and solutions. We prioritize assuming the role of your financial advocate and do everything in our power to address the specific challenges you experience, including providing you with ongoing financial literacy education and thorough, thoughtful solutions. Our ultimate mission is to empower you to be confident in your financial decisions so that you can enjoy your accumulated wealth and pursue personal passions that are important to you and your family.

We look forward to getting to know you, helping to ensure your assets are there when you need them, and providing you with the tools and resources necessary to succeed in today’s fast-paced world— no matter how long you live or what life events you encounter.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Approach

Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.

The Significance of a Family Wealth Director

The Rojas Group's Executive Director and Family Wealth Director, Jane Rojas, leverages the versatile resources of Morgan Stanley and professionals to help our clients and their families maximize the value of their human capital by driving family wealth education, thus making it more likely that all members of the family will have the foundation and support they need to potentially lead meaningful, fulfilled and engaged lives.
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    Our Team's Family Wealth Capabilities
    A Family Wealth Director (FWD) is a select distinction, earned by approximately only 4% of Morgan Stanley’s Financial Advisors as of December 2022. The designation is given to advisors who have undergone distinctive training to complement their extensive experience working with ultra-high net worth families.
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    Family Governance and Wealth Education / Philanthropy Management
    The Family Governance and Wealth Education group helps ultra-high net worth families strive to maximize the value of their human capital by addressing sensitive family issues, facilitate communication and manage your family dynamic in an effort to achieve a shared sense of common direction in coordination with your outside advisors. We also provide our clients with a smart way to give to causes and charities they care about through Morgan Stanley GIFT.
    Click here to learn more about MS GIFT
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    Legacy and Estate Planning Strategies
    We engage with our Executive Planning Director and Wealth Planning Center to provide a fully integrated, comprehensive analysis of your balance sheet, estate plan, and investment strategy through a collaborative process- at your request we will coordinate with your legal tax advisors as well.
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    Wealth Strategies Analysis
    As your wealth has grown, so too has its complexities and the resources needed to manage it. At Morgan Stanley, we understand the intricacies of significant wealth, specifically, the numerous variables you must consider in managing, preserving and transferring your wealth.
    Click here to learn more about Wealth Strategies Analysis

We Are Morgan Stanley Women Without Limits

At the Rojas Group, we champion female empowerment and prioritize building confidence and strength in women who find themselves in financial decision making roles. Whether you are a single woman or mother, a divorcee or widow, or a happily married woman in charge of the finances, we strive to provide you with education and resources and assist you with planning in order to help you navigate all things financial.
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    Main Street To Wall Street: How This Advisor's Border-Town Upbringing Helped Build Her $500 Million Practice
    About 40 years ago, Jane began her practice in the small border-town of Nogales, Arizona where she formed a niche market and ultimately saw remarkable success due to her bilingual, bicultural upbringing and relatable, trustworthy nature. While Jane still serves some of her original clients, she has since established a specialty in advising ultra-high-net-worth clients in the Tucson area and continues to grow her practice with the help of her daughters.
    Read more about how Jane's border-town upbringing helped build her $500 million practice
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    When Mother and Daughter Team Up
    When Jane's daughters Selina and Michelle (Mikki) were growing up, they spent their summers and free time helping out their mom in the office, in turn absorbing endless amounts of information and learning the tools of the trade. After 30 years of being unofficial employees, Selina and Mikki formally joined Jane's team and provide fresh, intuitive perspectives and unmatched experience to the Rojas Group.
    Read more about Jane and Selina's partnership
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    Forbes Top Women Wealth Advisors 2025
    Morgan Stanley announced that Jane Rojas has been named to Forbes Magazine’s list of Top Women Wealth Advisors Best-In-State for 2025, as listed on forbes.com. Jane is part of an elite group of professionals who have been measured based on a host of both qualitative and quantitative criteria. This ranking shines a spotlight on those women Wealth Advisors who continuously demonstrate a commitment to taking care of their clients, with an eye towards raising standards in the industry.

    [Source: Forbes (Awarded Feb 2025) Data compiled by SHOOK Research LLC based for the period 9/30/23–9/30/24. (bit.ly link to https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025]
    Read more about Jane's ranking on Forbes' Best-In-State Women Wealth Advisors 2022
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    Barron's Top 1,200 Financial Advisors: State-By-State 2022
    Morgan Stanley announced that Jane Rojas has been named to Barron's Top 1,200 Financial Advisors: State-By-State 2022. The “Barron’s Top 1,200 Advisors” is a select group of individuals who are screened on a number of criteria. Among factors the survey takes into consideration are assets under management, revenue produced for the Firm and quality of service provided to clients.

    (Jane also earned this distinction in 2019, 2020, and 2021)

    Disclosure:
    2019, 2020, 2021, 2022 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
    Source: Barrons.com (Awarded 2019, 2020, 2021, 2022). Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.
    Read more about Jane's ranking on Barron's Top 1,200 Financial Advisors: State-By-State 2022
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    Women and Wealth Fact Sheet
    In the United States, women are a powerful economic force; they amount to almost half of the workforce and control trillions of dollars of assets. That being said, women face unique financial obstacles that are influenced by the many crucial roles they play, be it business owner, mother, or sister. The financial obligations that women have for themselves and their families require careful exploration, identification, prioritization, and strategizing in order to efficiently achieve goals and stay on track as life unfolds.
    Learn more about Women and Wealth
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    Morgan Stanley "Transitions"
    A cinematic portrayal of the Rojas Group, their family, and their life on the ranch gives a glimpse at the team's family-oriented, dedicated nature that has earned immense respect and trust from their community-- especially after helping her parents manage their finances and successfully transition into retirement.
    Watch the Rojas Group in action
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    Forbes Best-In-State Wealth Advisors 2022
    Morgan Stanley announced that Jane Rojas has been named to Forbes Magazine’s List of Best-In-State Wealth Advisors in 2022, as listed on forbes.com. Jane is part of an elite group of professionals who have been measured based on a host of both qualitative and quantitative criteria. This ranking shines a spotlight on those Wealth Advisors who continuously demonstrate a commitment to taking care of their clients, with an eye towards raising standards in the industry.

    (Jane also earned this distinction in 2019, 2020, and 2021)

    2019, 2020, 2021, 2022 Forbes Best-In-State Wealth Advisors
    Source: Forbes.com (Awarded 2019, 2020, 2021, 2022). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
    Read more about Jane's ranking on Forbes' List of Best-In-State Wealth Advisors 2022

Client Resources

Our goal is simple: "to be the firm where the most talented, trusted advisors in the industry leverage cutting-edge technology and deliver customized wealth management solutions to their clients and their families to enable them to achieve their goals." The Rojas Group at Morgan Stanley strives to ensure that our clients are served on market-leading technology platforms which are resilient, safe, efficient, smart, fast, and flexible. Additionally, please find materials and firm perks specifically suited for ultra-high-net-worth and high-net-worth clients and families, namely Reserved Living & Giving, where eligible clients at Morgan Stanley can enroll and gain access to exclusive partner offers and discounts, as well as thought leadership content on a variety of lifestyle and personal finance topics.
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    Morgan Stanley Online
    Morgan Stanley Online and the Morgan Stanley Mobile App provide clients with access to their account information, enriched reporting tools, several cash management solutions and robust market research. The Morgan Stanley Mobile App provides clients with access to their accounts in just a few minutes.
    Learn more about MSO
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    Total Wealth View
    Complete your financial picture with Total Wealth View. By linking your external account information, you will benefit from more informed and comprehensive wealth planning and convenient connectivity.
    Learn more about Total Wealth View
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    LifeView® Financial Goal Analysis and Financial Plan
    Our relationship begins with a thorough understanding of you—your needs, your lifestyle and family, and your goals for the future. Leveraging our vast resources, including intellectual capital, experience and dedicated service, we can work with you to create a personalized wealth strategy. Over time, we will adapt it to changing circumstances, helping you to achieve your goals and protect what is meaningful to you.
    Learn more about LifeView® Financial Goal Analysis and Financial Plan
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    Digital Vault
    Keeping important documents and financial records organized and readily available is one of the best gifts you can give those you love in the event of a catastrophe or serious illness, disability, or death. Your Family Records Organizer can immediately provide vital and timely information to both your family and professional advisors. The Digital Vault can be accessed both via Morgan Stanley Online and the Morgan Stanley Mobile App, allowing you to construct a central, shared document library where all documents can be stored using encryption.
    Log into your Digital Vault
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    Reserved Offers
    Exclusive offers to keep Reserved Clients and their families safe and engaged. Offers span across such categories as Dining, Health & Wellness, Travel, Entertainment, and more.
    Browse the latest offers
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    Reserved Insights
    Curated insights and articles spanning such topics as Family, Lifestyle, Health & Planning, Travel, and Giving Back.
    Read the latest insights
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    Signature Access
    Signature Access, the highest tier of Morgan Stanley's complimentary loyalty program Reserved Living & Giving, gives eligible clients with access to world class services such as Private Health Advisory, Personal Cybersecurity Services, Aircraft Management and more in addition to all the discounts and content available through Reserved Living & Giving.
    Log into Signature Access
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    Art Resources Team
    Morgan Stanley has an Art Resources Team (ART), which has the goal of showing clients how they can address the unique challenges of art as an asset and create bespoke solutions for every client and collection. The team has recently begun the publication of a newsletter, with the goal of keeping readers up-to-date on the connections between art and the markets.
    Learn more about ART

Location

7175 N Pima Canyon Dr
Tucson, AZ 85718
US
Direct:
(520) 519-2324(520) 519-2324

Meet The Rojas Group

About Jane Rojas

Jane L. Rojas

Executive Director - Wealth Management

Financial Advisor, Family Wealth Director

 

Jane has dedicated her entire career to serving the financial needs of individuals, families and small business owners in the Tucson area and across the southwest. Her comprehensive approach includes a thorough planning process, customized strategic solutions and a commitment to building deep and longstanding relationships with her clients.

Over the past 40 years, Jane has focused on financial literacy, a cornerstone of her dynamic wealth management practice. A graduate of the University of Arizona, where she earned her B.A. and M.B.A. degrees, Jane is a passionate alumni committed to diversity initiatives, with an emphasis on Latinos and women. She served for years as the Chairperson of the University’s Advisory Board at the Norton School of Family and Consumer Sciences, and she is still on the board, and she is an active member of school’s Take Charge America Institute. She also set up a family foundation to sponsor financial literacy programs for Latinos at the University.

Jane’s commitment to financial literacy and diversity can be recognized through many other industry and community activities. Throughout her career, she has been invited to speak at the Barron's Top Advisors Diversity Summit and the Hispanic Women’s Corporation Conventions. She served as the President of Association of Latino Professional for America (ALPFA’s) Tucson Professional Chapter from 2005 through 2016 and continues to work closely with the University of Arizona’s ALPFA Student Chapter. ALPFA is the largest Latino association for business professionals and students across America with about 100,000 members. Jane taught financial educational classes for more than 25 years and was on the boards of both the Sahuaro Girl Scout Council and Community Foundation for Southern Arizona Board. In 2012, Jane was named Chair of Morgan Stanley’s National Diversity Council after being part of the firm’s Women’s and Multicultural Employee Networking Groups.

For her experience and dedication to her clients and her community, Jane has received numerous distinctions and professional accolades. Most recently in 2021, 2020, 2019, and 2018 Jane was named in Forbes Magazine's List of America's Best - in - State Wealth Advisors. In 2017, Jane was named to Forbes’ “America’s Top Women Advisors” list. In 2015, she was named to the Financial Times “400 Top Advisors.” She has also been named to Barron’s “Top 1200” Advisers lists for many years. Morgan Stanley honored her as a 2016 MAKER – a national acclaimed honor for top women at the firm and named her to the firm’s Masters Club every year from 2012-2021. All of these awards recognize Jane’s excellence, professionalism and dedication to meeting the specific needs of her clients.

A native of Southern Arizona, Jane and her husband, Martin, currently live in Tucson. They have two daughters in the financial services industry, both working on her Team at Morgan Stanley - Michele and Selina (who is Jane’s junior partner). When Jane is not working directly with clients or guiding the many organizations she supports, you can find her spending quality time with family, her many animals, friends and fellow UA alumni. Favorite leisure activities include water sports, Pilates, and yoga.

MAKERS is a television and digital video initiative by PBS and AOL that aims to be the largest collection of women’s stories ever assembled. Morgan Stanley Wealth Management is a founding partner of MAKERS@, which encourages corporations to celebrate and acknowledge their leading women employees. For more information, go to www.makers.com

Securities Agent: CT, DE, FL, HI, IA, ID, IL, KS, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, CO, CA, AZ; General Securities Representative; Investment Advisor Representative; Managed Futures

Disclosures:
2018-2022 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2018-2022). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.

2019-2022 Barron's Top 1,200 Financial Advisors: State-by-State (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2019-2022. Data compiled by Barron's based on 12-month period concluding in Sept of the year prior to the issuance of the award.

​Forbes America's Top Wealth Advisors
Source: Forbes.com (Awarded Aug 2016) Data compiled by SHOOK Research LLC based on time period from 6/30/15 - 6/30/16.

Financial Times 400 Top Financial Advisors
Source: ft.com (Awarded Mar 2014) Data compiled by Financial Times based on time period from 9/30/12 - 9/30/13.
Securities Agent: OH, OR, OK, CA, AL, SD, NM, HI, GA, TX, KS, WI, NY, NJ, MI, IL, NC, ID, IA, VT, PA, MO, KY, CT, WA, SC, DE, CO, NV, MS, FL, AZ; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1279011
CA Insurance License #: 0B43560

About Selina Rojas

Selina Rojas

Financial Advisor


A results-driven Financial Advisor, Selina enjoys working closely with individuals and families to provide highly personalized advice through a disciplined wealth management approach. She is dedicated to helping individuals and families achieve their financial goals, which often include planning for a successful retirement, financing a major acquisition and minimizing taxes through advanced asset management strategies.

After spending time studying in Spain and Mexico, Selina graduated from Arizona State University with a B.A. degree in Liberal Arts. She moved to Northern California in 2011, where she began her career in financial services as a Client Service Associate at Morgan Stanley’s San Jose office. Recognizing her true passion for wanting to help people more directly solve their financial, she returned to Tucson two years later and became a member of the firm’s Wealth Advisory Associate program. In 2014, Selina advanced to the Financial Advisor position and proudly joined the Rojas Group. She currently holds her FINRA Series 7 and 66 registrations, as well as her annuity and life insurance licenses.

As the only millennial on the team, Selina brings a fresh perspective to client service and relationship management. She has streamlined a number of important processes and has refined team responsibilities. Selina specifically enjoys working directly with clients, developing deeper relationships with their children and grandchildren.

Born in Colorado and raised in Tucson, Selina lives in Tucson with her two daughters. In her free time, she enjoys hiking the beautiful Arizona desert, traveling the world, and most of all, spending time with her family, friends and animals.
Securities Agent: NY, FL, MO, DC, CT, WI, WA, KS, IN, CO, MS, IA, PA, NC, MI, IL, CA, SD, NM, NJ, HI, GA, AZ, SC, ID, AL, RI, OK, DE, VT, TX, OR, OH, NV, KY; General Securities Representative; Investment Advisor Representative
NMLS#: 1401583

About Michaelle Martinez

Michaelle Martinez

Senior Registered Associate

 

Drawing on nearly 35 years of financial services experience, Michaelle is often the first line of contact on a broad array of client services. A consummate professional, she is committed to providing each client with the highest level of personal service and integrity. Michaelle has been a vital member of the Rojas Group since joining the team in 2006.

From the largest task to the smallest request, Michaelle works diligently to exceed client expectations. Her core responsibilities are essential to enabling her team to carry out its mission of helping financially successful individuals plan, invest, and lead fulfilling lives. She coordinates all administrative and operational duties, including opening new accounts, wire transfers, client statements and executing trades.

Michaelle began her financial services career at Dean Witter Reynolds in 1983, and over the years has had the opportunity to work for several financial organizations, including Wachovia and UBS. She currently holds the Series 7 and 63 FINRA registrations and also maintains her annuity and life insurance licenses.

Michaelle was born in Denver, Colorado and moved to Tucson when she was in high school. She has four children, Chase, Tanner, Mercedes, & Grayson, as well as a lovable Rottweiler, Lexi.

About Luis Martinez

Luis Martinez

Consulting Group Analyst

As the Consulting Group Analyst for the Rojas Group, Luis is responsible for managing all trades for the team and verifying the accounting for all client activities. He is also in charge of asset allocation and risk management, consulting group new business and business support.

Luis earned his B.S. degree in Business Administration from the University of Arizona, and his M.B.A. from the University of Phoenix. His financial services career began as an intern at PaineWebber in 1990. Over the years, he has had the opportunity to work as a Client Service Associate and Investment Executive for both International and Domestic Financial Advisors. He joined The Rojas Group in 2006.

In addition to his impeccable work ethic, Luis always makes time for his family. He is married to Angelica. Together they have three beautiful children, Angela, Andre and Athalia.

About Michelle Bredehoft

Michelle Bredehoft

Client Service Associate

Michelle (Mikki) Bredehoft is an indispensable, dedicated member of the Rojas Group who excels in areas such as practice management. After unofficially working and learning alongside her mother Jane since her childhood, Mikki officially joined Morgan Stanley and the Rojas Group in September of 2021.

Prior to joining forces with her mother, sister, and their trusted colleagues, Mikki worked in the financial industry for over 10 years, half of which she spent in the insurance sector. Mikki earned a bachelor’s degree in Humanities from the University of Colorado at Boulder.

Mikki recently moved from Fort Collins, Colorado to Tucson, where she currently resides with her husband Matt, their two-year-old daughter, and another daughter on the way. In their free time, Mikki and her family are involved with soccer and other adult recreational sports teams. She is also actively engaged in volunteering at a local organization that helps kids receive access to dental services.
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
4 Financially Smart Ways to Take Money Out of Retirement Accounts
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4 Financially Smart Ways to Take Money Out of Retirement Accounts

Discover how planning for required minimum distributions from retirement accounts can help you fund future needs and support loved ones.

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
2025 Global Economic Outlook: U.S. Policies May Temper Global Growth
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2025 Global Economic Outlook: U.S. Policies May Temper Global Growth

Global growth is likely to be around 3% in 2025 and 2026, as tariff and immigration policies begin to slow the U.S. economy late next year, and China's underperformance restrains emerging markets.

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
Are You Prepared for Tax Day?
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Are You Prepared for Tax Day?

The countdown to Tax Day has begun. Here are some strategies to consider as the deadline approaches.

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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Financial Planning for Life After Selling a Business

Selling your business can mean big changes for your life, both personally and financially. Know how to make the most of your windfall.

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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Donor Advised Funds: A Smart Way to Manage Your Giving 

There’s more to charitable giving than you may realize. Here’s one method that may be a tax-efficient way to give and can help maximize your impact.

Mosaic

Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
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A Change of Greenery

Houseplants add oxygen, flair, and warmth year-round, and the right one in the right space can do just as much for a room as any painting or side table.
Ready to start a conversation? Contact The Rojas Group today.
Market Information Delayed 20 Minutes
1Investors 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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2Morgan 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

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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.

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4Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.

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5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

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6The 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.

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7Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

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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.

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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.

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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)