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 help 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 help 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
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
What We Help You Navigate
Life is rarely static. We focus on guiding you through major transitions that require both emotional sensitivity and technical experience. We help you manage:
Retirement Income Planning
Shifting from "saving" to "spending" by creating sustainable income from your assets.
Inheritance
Managing the complexities of a sudden windfall to help ensure it is preserved and invested wisely.
Loss of a Loved One
Providing a steady hand to handle the financial administrative burdens during a time of grief.
Divorce
Helping you reorganize your financial identity and achieve your independent future.
Legacy Wealth Transition Strategies
Structuring the transfer of your wealth to the next generation or charitable causes efficiently.
Extended Care Expense Planning Strategies
Preparing for the rising costs of healthcare and long-term care to protect your estate.
What You Can Expect Working With Us
Getting Started
The first step is a simple connection. Whether you reach out via email or through our online scheduling portal, we prioritize your time. We commit to responding as soon as we can to begin your journey.
Your First Meeting
This is a low-pressure discovery session. Our goal is to understand your current financial landscape and your vision for the future. We focus on listening to your story before we ever look at your statements.
A Clear Path Forward
We believe financial planning should provide confidence. At the end of our initial discussions, we provide a transparent roadmap that outlines exactly what steps we will take together and how we will measure success.
Our Planning Process
Our process is cyclical, not linear. We move through specific stages: discovery, analysis, implementation, and ongoing monitoring. This helps ensure that as your life changes, your financial plan evolves with you.
How We Help
We act as your "Financial COO." While you remain the CEO of your life, we help manage the day-to-day complexities of your wealth, from tax-efficient investing to risk management, in an effort to help ensure all pieces of your financial life work in harmony.
Planning & Guidance
We provide more than just investment strategies; we provide wisdom. Our guidance is rooted in data and personalized to your temperament, helping you avoid emotional pitfalls and stay focused on long-term goals.
Your Planning Priorities
Every client has a different "North Star." We help you identify and rank your priorities—whether that is legacy planning for your children, maximizing charitable impact, or ensuring you don't outlive your income.
Decisions We Help Simplify
Complexity often leads to paralysis. We take complicated choices—such as when to claim Social Security, how to structure an estate planning strategies, or how to allocate a portfolio—and help simplify them into actionable "Yes/No" decisions based on your best interests.
Disclosures
Disclosures:
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. 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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
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. 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.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
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
- Member, Bend Business Group
- Member, City Club of Central Oregon
- Board President, City Club Central Oregon 2022-23
- United Way Central Oregon Annual Campaign Chair 2019-2020
- Board President, United Way Central Oregon 2018
- Member, City Club of Central Oregon
- Board President, City Club Central Oregon 2022-23
- 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
Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist, Workplace Advisor - Equity Compensation
Phone:
(541) 617-6015(541) 617-6015
Noah Staskiewicz
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
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
Securities Agent: MI, MA, GA, AZ, NY, NJ, HI, CO, WI, VA, TN, NV, LA, UT, SD, ID, NM, MT, DC, AK, TX, OR, MN, IL, CA, AR, CT, SC, OK, NC, IA, WA, PA, NH, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 1279105
NMLS#: 1279105
About Sarah Hall
As a compassionate financial advisor with a passion for helping others navigate life’s most significant transitions, Sarah Hall brings a unique perspective as a financial advisor. With experience as a successful small business owner and deep ties to our community, she understands the importance of balancing financial goals with personal values. Her mission is to guide clients through challenging moments like divorce, the loss of a loved one, long term care cost planning or retirement, offering not just financial expertise but a caring, supportive approach.
Sarah enjoys working with high-net-worth individuals and families, helping them manage complex financial landscapes with clarity and confidence. As part of a close-knit team, The Desert Pine Group, who are also family, she takes pride in providing personalized, long-term solutions tailored to each client’s unique needs. Together, they share a commitment to integrity, trust, and a holistic approach to wealth management.
As a Certified Divorce Financial Analyst®, Sarah has the knowledge to help clients who are navigating the complexities of divorce. She believes in supporting clients to better understand the long-term implications of settlements and discussing their goals to best secure their financial future post-divorce.
Beyond her professional work, Sarah is deeply involved in her community, believing that giving back is just as important as financial success. She also enjoys all the outdoors with her Golden Retriever, Bodi, traveling to experience new cultures, and playing a lot of tennis.
Professional and Community Details:
Began Financial Services Career in 1998
Board Chair Volunteers In Medicine – Cascades Clinic
Board Member Namaspa Foundation
Member of the Mt. Bachelor Rotary Club
Sarah enjoys working with high-net-worth individuals and families, helping them manage complex financial landscapes with clarity and confidence. As part of a close-knit team, The Desert Pine Group, who are also family, she takes pride in providing personalized, long-term solutions tailored to each client’s unique needs. Together, they share a commitment to integrity, trust, and a holistic approach to wealth management.
As a Certified Divorce Financial Analyst®, Sarah has the knowledge to help clients who are navigating the complexities of divorce. She believes in supporting clients to better understand the long-term implications of settlements and discussing their goals to best secure their financial future post-divorce.
Beyond her professional work, Sarah is deeply involved in her community, believing that giving back is just as important as financial success. She also enjoys all the outdoors with her Golden Retriever, Bodi, traveling to experience new cultures, and playing a lot of tennis.
Professional and Community Details:
Began Financial Services Career in 1998
Board Chair Volunteers In Medicine – Cascades Clinic
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
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
Andrew Downey
Associate Private Banker
About Andrew Downey
Andrew Downey is an Associate Private Banker serving Morgan Stanley Wealth Management offices in Oregon, Idaho, Montana, Alaska, and
Washington.
Associate Private Bankers partner with Private Bankers and 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.
Andrew began his career in financial services in 2003 and joined Morgan Stanley in 2025 as an Associate Private Banker. Prior to joining the firm, he was a Relationship Manager at the First Republic Bank/J.P. Morgan Chase.
Andrew is a graduate of Portland State University, where he received a Bachelor of Science in Accounting. He lives with his family in Forest
Grove, Oregon. Outside of the office, Andrew enjoys watching his kids sporting events, golfing, and wine tasting with his wife in the Willamette Valley.
Washington.
Associate Private Bankers partner with Private Bankers and 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.
Andrew began his career in financial services in 2003 and joined Morgan Stanley in 2025 as an Associate Private Banker. Prior to joining the firm, he was a Relationship Manager at the First Republic Bank/J.P. Morgan Chase.
Andrew is a graduate of Portland State University, where he received a Bachelor of Science in Accounting. He lives with his family in Forest
Grove, Oregon. Outside of the office, Andrew enjoys watching his kids sporting events, golfing, and wine tasting with his wife in the Willamette Valley.
NMLS#: 1027096
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Wealth Management
Global Investment Office
Portfolio Insights
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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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
Iran Conflict: Seven Takeaways for Investors
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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
529 Plans: A Powerful Tool to Save for Education
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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
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Desert Pine Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
6When 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.
7Morgan 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.
8Morgan 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
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
6When 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.
7Morgan 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.
8Morgan 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
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
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The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025), 4763067 (9/2025)
