Phone:
(541) 617-6022(541) 617-6022
The Desert Pine Group at Morgan Stanley
Direct:
(541) 617-6002(541) 617-6002
Our Mission Statement
The Desert Pine Group is a team built on family, legacy and loyalty. Your goals become our focus, and achieving them becomes a commitment that we share with you.
Welcome
What sets The Desert Pine Group apart is not just our experience; it’s our family connection. Jay, Jacob, and Sarah are not just colleagues; they are family members, bound by strong ties of trust, shared values, and a legacy of financial wisdom. This family dynamic enriches our collaboration, seeking to ensure that our clients receive not only the best financial guidance, but also the warmth and understanding that comes from a close-knit family team. Our familial bonds extend to our clients, making them an integral part of The Desert Pine Group family, where financial success and well-being are at the heart of everything we do.
Whether you’re navigating a life transition, planning for your future, or seeking to grow and protect your business, we work closely with you to create strategies that align with your unique goals and values. Our family-first approach ensures that you’re not just another client; you’re a partner we’re committed to supporting every step of the way. At The Desert Pine Group, we believe in building lasting relationships, guiding you through the complexities of financial planning, and helping you achieve lasting peace of mind.
Forbes Best-In-State Wealth Management Teams 2025
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC for the period 3/31/23-3/31/24
Forbes Best-In-State Wealth Management Teams 2024
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.
Whether you’re navigating a life transition, planning for your future, or seeking to grow and protect your business, we work closely with you to create strategies that align with your unique goals and values. Our family-first approach ensures that you’re not just another client; you’re a partner we’re committed to supporting every step of the way. At The Desert Pine Group, we believe in building lasting relationships, guiding you through the complexities of financial planning, and helping you achieve lasting peace of mind.
Forbes Best-In-State Wealth Management Teams 2025
Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC for the period 3/31/23-3/31/24
Forbes Best-In-State Wealth Management Teams 2024
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.
Services Include
- UGMA/UTMAFootnote1
- Wealth ManagementFootnote2
- 401(k) Rollovers
- 529 PlansFootnote3
- Asset Management
- Business PlanningFootnote4
- Cash ManagementFootnote5
- Divorce Financial AnalysisFootnote6
- Estate Planning StrategiesFootnote7
- Financial PlanningFootnote8
- Philanthropic Services
- Planning for Education FundingFootnote9
- Retirement PlanningFootnote10
- Trust AccountsFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
Our goal is to create and implement a personalized financial strategy that encompasses all facets of your financial wealth and health. We deploy a step-by-step process that keeps you informed, involved, and on-track for your goals.
Discovery
We take the time to get to know you and your family as we begin to build our relationship. Regardless of your goals, we consider your entire financial and life picture to carefully craft a financial strategy that best fits you and your loved ones.
Goals Based Planning
Working with Morgan Stanley and its advanced wealth management technology is an ideal way to access advice and build a coherent wealth plan. Working together we can uncover your needs, manage risk, and build a customized plan to help you reach your financial goals.
Goals Based Planning
Forming Your Strategy
Using your life goals and personal circumstances as a blueprint, we create a risk-balanced strategy that maps out a clear path to achieving your goals.
Retirement Planning
Most of us have numerous goals, but no goal is more important than securing a comfortable retirement. It is important to look at time horizon, Risk tolerance, and current savings to structure a sound retirement plan.
Strategy Implementation
We conduct careful research and analysis that is coupled with Morgan Stanley's global suite of services to ensure swift and versatile action in all market scenarios.
Financial Planning Analysis
To begin your financial planning analysis, please follow the link below to complete our questionnaire.
Financial Planning Questionnaire
Ongoing Review
Once your plan is implemented, our work together has only just begun. We consult with you regularly to monitor the performance of your strategy to ensure that you remain on-track towards your goals despite any changes in your life or the markets.
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 we have to offer our clients.
Morgan Stanley Online
Beyond viewing your account balance and activity, Morgan Stanley Online (MSO) has a suite of features that allow you to manage your everyday finances from paying bills and sending money, to transferring funds and authorizing transactions with one click using eAuthorizations.
Morgan Stanley Online
Total Wealth View
The ability to view all of your assets together provides the opportunity to advise on your Morgan Stanley accounts with your entire financial picture in mind. Completing your financial picture with Total Wealth View gives our clients the benefit of more informed wealth planning, more secure data access, and convenient connectivity.
Total Wealth View
Digital Vault
The Digital Vault on Morgan Stanley Online and the Mobile App allows for easy sharing and convenient access to life’s most important documents from wills and deeds to financial statements and tax fillings. Easily manage your encrypted financial records all in one place.
Digital Vault
Portfolio Risk Platform
Portfolio Risk Platform – Powered by Aladdin is a risk management platform that provides comprehensive risk estimation and reporting across a broad range of asset classes and security types. This platform provides a holistic view to better enable risk to be effectively monitored and managed.
Portfolio Risk Platform
Spending and Budgeting Tool
Track spending habits, categorize expenses and create budgets across your Morgan Stanley and external financial accounts with our Spending and Budgeting Tool. We make it easy for you and your financial advisor to oversee trends in your financial life.
Spending and Budgeting ToolTeam Events
Women & Wealth Event
Sarah & Matina hosted a Women & Wealth event alongside Stephanie Pack at Women Owned Flights Wine Bar. The night included amazing conversation, inspiration and delicious wine. (Photographed from left: Matina Otto and Sarah Hall)
St Patricks Day Dash Sponsorship
The Desert Pine Group sponsored the St Patrick's Day Dash this year. This beloved event is produced in partnership with Cascade Relays and The Mt. Bachelor Rotary Club. All proceeds benefit a different non-profit each year, the 2024 beneficiary is The Assistance League Of Bend!
KIDS Center Healing Hearts Luncheon
Jacob, Sarah & Jay attended the Healing Hearts Luncheon along with our Branch Manager John Lorenz and some close friends. This annual fundraiser supports KIDS Center that provides child abuse evaluations that include medical evaluations, age appropriate forensic interviews and mental health services to children impacted by child abuse. Our team is proud to support their mission and as a corporate sponsor. If you are not familiar with the work they do, please visit their website at www.kidscenter.org to learn more.
Paint & Sip
Sarah hosted an empowering female investors discussion along with Katie Zamos of Goldman Sachs. There was great conversation and a fun paint instruction lead by Debbie Irwin that followed. A great evening thanks to Sarah and our lovely client & host Judy Heck!
Chip in Fore Kids
Jacob participated in the Deschutes Children's Foundation's annual Chip In Fore Kids golf fundraiser along with client Joe and friends Justin and Noah! They had a great time supporting an amazing local organization!
Wear Red
February is American Heart Month!
Women at every age, stage and season of life need our support, and that’s why we Go Red. Jay and Matina joined other Bend teammates in Wear Red Day!
Women at every age, stage and season of life need our support, and that’s why we Go Red. Jay and Matina joined other Bend teammates in Wear Red Day!
In Our Community
At the Desert Pine Group at Morgan Stanley, we pride ourselves, not just in the work we do for our clients, but as active members in the community. See below some of the ways each of us engage with the public.
Jay Fain
- Member Mt. Bachelor Rotary Club
- Current Rotary Foundation Chair
- Past President 2006-2007
- Member of Broken Top Club
- Current Rotary Foundation Chair
- Past President 2006-2007
- Member of Broken Top Club
Jacob Fain
- Board Member, City Club Central Oregon
- Member, Bend Business Group
- United Way Central Oregon Annual Campaign Chair 2019-2020
- Board President, United Way Central Oregon 2018
- Member, Bend Business Group
- United Way Central Oregon Annual Campaign Chair 2019-2020
- Board President, United Way Central Oregon 2018
Sarah Hall
- Mt. Bachelor Rotary Club Member
- Volunteers in Medicine - Clinic of Cascades, Board Chair
- Namaspa Foundation, Board Member
- Cascade Business News, Accomplished Under 40 Award, 2011
- Volunteers in Medicine - Clinic of Cascades, Board Chair
- Namaspa Foundation, Board Member
- Cascade Business News, Accomplished Under 40 Award, 2011
Location
705 SW Bonnett Way
Ste 1200
Bend, OR 97702
US
Direct:
(541) 617-6002(541) 617-6002
Meet The Desert Pine Group
First Vice President, Private Wealth Management, Financial Advisor, Family Wealth Advisor
Phone:
(541) 617-6013(541) 617-6013
Associate Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist
Phone:
(541) 617-6015(541) 617-6015
Matina Otto
Registered Client Service Associate
Phone:
(541) 617-6002(541) 617-6002
About Jay L Fain
Jay L Fain began his career as a financial professional in Houston, TX in 1981. He is a graduate of the University of Texas-Arlington. . Jay has served as the president of the Mt Bachelor Rotary in Bend, and also served on the Hearing Board of the New York Stock Exchange. He has written numerous articles on investing and financial planning.
Jay uses a consultative approach to develop plans to help clients achieve their financial aspirations. Jay is a gourmet chef and when not cooking he is probably playing golf, skiing or kayaking.
Professional Details
Began Financial Services Career in 1981
Graduate University of Texas - Arlington
Served on the Hearing Board of the New York Stock Exchange
Board Member of the Mt. Bachelor Rotary Club
Jay uses a consultative approach to develop plans to help clients achieve their financial aspirations. Jay is a gourmet chef and when not cooking he is probably playing golf, skiing or kayaking.
Professional Details
Began Financial Services Career in 1981
Graduate University of Texas - Arlington
Served on the Hearing Board of the New York Stock Exchange
Board Member of the Mt. Bachelor Rotary Club
Securities Agent: FL, PA, GA, MI, CA, OH, SD, UT, AZ, MA, MN, OK, NY, NM, AK, NJ, AR, WA, CT, HI, ID, CO, IL, NV, OR, MD, IA, MT, NC, TX, WI; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1290708
NMLS#: 1290708
About Jacob Fain
Jacob Fain joined Morgan Stanley in 2013 after a brief career in the youth and services nonprofit sector that allowed him to develop the professional skills that prepared him for a career in wealth management.
Jacob understands that everyone has unique needs when it comes to building, managing, and ultimately distributing their wealth and continues to build on the core competencies and develop relationships with experts that will allow everyone he works with to achieve their financial goals on their terms.
As a partner with the Desert Pine Group at Morgan Stanley, Jacob oversees the investment strategies available to our clients. Using a “financial plan first” approach, Jacob will construct a tailored investment strategy utilizing a variety of investments designed to help each of his clients meet their unique financial goals with the least amount of risk possible.
With a focus on wealth management, Jacob works with his clients, his team of experts and his clients’ other advisors to focus on key issues that include, but are not limited to insurance, estate planning, debt management, wealth transfer, charitable giving, and tax management.
Born in Houston, TX, Jacob lives in Bend, OR with his amazing wife and two fun-loving children. He currently serves on the Membership and Finance committees with City Club of Central Oregon and has previously served in leadership roles with United Way of Deschutes County, and Camp Fire of Central Oregon.
Professional Details
Graduated from Portland State University in 2008
Began Financial Services Career in 2013
Former Board Chair Camp Fire Central Oregon
Former Bend Chamber of Commerce Ambassador Board
Former Board Chair and Campaign Chair United Way of Deschutes County
Disclaimer:
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Jacob understands that everyone has unique needs when it comes to building, managing, and ultimately distributing their wealth and continues to build on the core competencies and develop relationships with experts that will allow everyone he works with to achieve their financial goals on their terms.
As a partner with the Desert Pine Group at Morgan Stanley, Jacob oversees the investment strategies available to our clients. Using a “financial plan first” approach, Jacob will construct a tailored investment strategy utilizing a variety of investments designed to help each of his clients meet their unique financial goals with the least amount of risk possible.
With a focus on wealth management, Jacob works with his clients, his team of experts and his clients’ other advisors to focus on key issues that include, but are not limited to insurance, estate planning, debt management, wealth transfer, charitable giving, and tax management.
Born in Houston, TX, Jacob lives in Bend, OR with his amazing wife and two fun-loving children. He currently serves on the Membership and Finance committees with City Club of Central Oregon and has previously served in leadership roles with United Way of Deschutes County, and Camp Fire of Central Oregon.
Professional Details
Graduated from Portland State University in 2008
Began Financial Services Career in 2013
Former Board Chair Camp Fire Central Oregon
Former Bend Chamber of Commerce Ambassador Board
Former Board Chair and Campaign Chair United Way of Deschutes County
Disclaimer:
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Securities Agent: ID, CO, NV, LA, UT, SD, NM, MT, AK, TX, OR, MN, IL, TN, WA, PA, MI, MA, GA, FL, CT, AZ, WI, CA, AR, SC, OK, NC, IA, NY, NJ, HI; General Securities Representative; Investment Advisor Representative
NMLS#: 1279105
NMLS#: 1279105
About Sarah Hall
Sarah Hall began her career in the financial services over 20 years ago. After a period of time, she left to build two highly successful businesses in the entertainment industry. Returning to financial services in the beginning of 2020, Sarah joined The Desert Pine Group who, as a team, have been providing Wealth Management Services since 1981. Her knowledge of small business ownership and management brings a benefit to her clients with a working knowledge of the needs and challenges impacting owners, employees and their clients. Sarah’s businesses were community and family driven, which has given her the ability to build trust and transparency with her individual and family clients while understanding their long term financial challenges, goals, and aspirations.
As a Central Oregon Native, Sarah enjoys all that the Bend area provides. She often is found in the woods with her Golden Retriever Bodi, Mountain biking the many local trails or paddle boarding on a Cascade Lake.
Professional Details:
Began Financial Services Career in 1998
Board Member Volunteers In Medicine
Board Member Namaspa Foundation
Member of the Mt. Bachelor Rotary Club
As a Central Oregon Native, Sarah enjoys all that the Bend area provides. She often is found in the woods with her Golden Retriever Bodi, Mountain biking the many local trails or paddle boarding on a Cascade Lake.
Professional Details:
Began Financial Services Career in 1998
Board Member Volunteers In Medicine
Board Member Namaspa Foundation
Member of the Mt. Bachelor Rotary Club
Securities Agent: GA, IA, ID, IL, MA, MI, MN, MT, NC, NH, NJ, NM, NV, NY, OR, PA, SD, TN, TX, UT, HI, WI, WA, AK, AR, AZ, CA, CO, VA, CT, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 1999060
NMLS#: 1999060
About Matina Otto
Matina Otto serves as our Registered Client Service Associate, providing essential support and ensuring the seamless experience of our clients. With a strong background in client relations, Matina is the glue that holds our team together. Her dedication to maintaining the highest standards of service ensures that clients receive prompt and attentive assistance, enhancing their overall experience with The Desert Pine Group.
Matina concentrated in Finance for her Business Administration Degree from the University of Oregon, she also has a minor in Economics. Her career began in banking working as a teller, personal banker then financial wellness consultant. After a few years in Portland, Matina moved back to her hometown of Bend, OR to join the team and be closer to family.
Matina holds the Series 6, Series 7, Series 63 & Series 66 FINRA Registrations.
Matina concentrated in Finance for her Business Administration Degree from the University of Oregon, she also has a minor in Economics. Her career began in banking working as a teller, personal banker then financial wellness consultant. After a few years in Portland, Matina moved back to her hometown of Bend, OR to join the team and be closer to family.
Matina holds the Series 6, Series 7, Series 63 & Series 66 FINRA Registrations.
Contact Jay L Fain
Contact Jacob Fain
Contact Sarah Hall
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
Ian McCormick
Private Banker
About Ian McCormick
Ian McCormick is a Private Banker serving Morgan Stanley Wealth Management offices in Oregon.
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.
Ian began his career in financial services in 2011, and joined Morgan Stanley in 2015 as a Private Banker. Prior to joining the firm, he was a Director of Business Development at Fort West. He also served as a Production Manager-Loan Officer at Churchill Mortgage.
Ian is a graduate of Oregon State University, where he received a Bachelor of Science in Finance. He lives in Portland, Oregon with his family. Outside of the office, Ian enjoys hunting, fishing, skiing and rafting.
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.
Ian began his career in financial services in 2011, and joined Morgan Stanley in 2015 as a Private Banker. Prior to joining the firm, he was a Director of Business Development at Fort West. He also served as a Production Manager-Loan Officer at Churchill Mortgage.
Ian is a graduate of Oregon State University, where he received a Bachelor of Science in Finance. He lives in Portland, Oregon with his family. Outside of the office, Ian enjoys hunting, fishing, skiing and rafting.
NMLS#: 845310
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
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
Article Image
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
Article Image
Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A Change of Greenery
Article Image
Ready to start a conversation? Contact The Desert Pine Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan 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.
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.
3Investors 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.
4Morgan 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.
5Morgan 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
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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 and other legal matters.
8Morgan 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.
9When 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.
10When 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.
11Morgan 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.
Awards Disclosures
1Morgan 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.
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.
3Investors 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.
4Morgan 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.
5Morgan 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
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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 and other legal matters.
8Morgan 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.
9When 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.
10When 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.
11Morgan 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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Awards Disclosures
CRC 6491812 (04/2024)
