Theo Schwabacher, CWS®
Executive Director, Family Wealth Director, Senior Institutional Consultant, Investing with Impact Director, Certified Wealth Strategist, Financial Advisor
Phone:
(415) 693-6381(415) 693-6381
The Schwabacher Group at Morgan Stanley
Direct:
(415) 693-6381(415) 693-6381
Our Mission Statement
We strive to be the best in planning and growing your wealth by enhancing and perpetuating your family legacy from one generation to the next.
Who We Are
The Schwabacher Group has been serving the wealth needs of individuals, families, accomplished professionals and business owners for four generations, guiding them toward integrated, personalized financial solutions based on three core principles:
1. Integrity
A local family team of financial professionals with years of experience understanding and addressing client's needs and goals.
Professionals who believe in continually educating themselves and their community of clients to simplify complex issues and make better financial decisions.
2. Consistency
A defined consultative process of planning that starts by asking the right questions and understanding where clients want to go in life and what they want to achieve.
Provide personalized solutions that focuses on managing risk to help mitigate loss, help clients take a long term prospective and provide a comprehensive approach that manages wealth from one generation to the next.
3. Dependability
Commitment to offer a proactive and reliable client service that forms the basis of developing a personal and trusted relationship with you and your family.
Ability to bring world-class resources to our clients with a local, personal and culture of excellence.
Services Include
- Financial PlanningFootnote1
- Retirement PlanningFootnote2
- Estate Planning StrategiesFootnote3
- Professional Portfolio ManagementFootnote4
- Business Succession PlanningFootnote5
- Stock Option PlansFootnote6
- Executive Financial ServicesFootnote7
- Divorce Financial AnalysisFootnote8
- Alternative InvestmentsFootnote9
- Trust Services*
- 401(k) Rollovers
- Long-term Care InsuranceFootnote10
- Philanthropic Services
- Endowments and FoundationsFootnote11
- Sustainable InvestingFootnote12
- Cash Management and Lending ProductsFootnote13
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Personalized Approach
1. Personalized Consultation
We begin by listening attentively to your financial aspirations, concerns, and priorities. We take the time to understand your current financial situation, your short-term and long-term goals, and any specific challenges you may be facing. This step allows us to tailor our approach to your unique circumstances.
2. Comprehensive Financial Analysis
Our team conducts a thorough analysis of your financial landscape, including an evaluation of your income, expenses, assets, liabilities, investments, and tax situation. By taking a holistic view of your finances, we gain a deeper understanding of your financial strengths and identify areas for improvement.
3. Goal Setting and Prioritization
Based on our analysis and your aspirations, we collaborate with you to establish clear, measurable financial goals. Whether it's planning for retirement, funding education, buying a home, or any other objective, we work together to define your priorities and create a roadmap to achieve them.
The Importance of a Goals-Based Plan
4. Tailored Financial Plan
Drawing on our expertise and industry knowledge, we develop a customized financial plan that addresses your specific goals. This plan may encompass investment strategies, tax optimization, risk management, estate planning, and more. We also utilize Morgan Stanley's full suite of resources, to ensure swift decisive action in all market scenarios.
5. Performance Check-In
Financial planning is not a one-time event but an ongoing process. We continuously monitor your progress, track changes in your circumstances, and adjust your financial plan as needed. We provide regular updates, conduct performance reviews, and proactively recommend adjustments to keep you on track towards achieving your goals.
6. Start Your Journey
This questionnaire will help us create a personalized strategy for you and can enhance our conversation around your long-term goals.
LifeView QuestionnaireIT IS ALL ABOUT FAMILY
At the Schwabacher Group, we are passionate about guiding you through building your wealth, planning for your future, and creating a thoughtful wealth legacy for your family and philanthropic interests.
The State of Your Parents' Estate
If you have aging parents, have you spoken with them about estate planning recently? If not, aim to have that conversation before the end of the year.
Here are some questions you can start with
Estate and Gift Taxes
Learn about the federal estate and gift tax, how much you can give during your life or at death without incurring any tax, what exceptions apply, what amount is excluded annually, and more.
Protecting Elders from Financial Abuse
Seniors are often a target of financial exploitation and fraud. Learn how to protect yourself and your loved ones from scams.
Here are preventative steps to take
What's Your Relationship with Wealth?
Family wealth can evoke strong emotions, both positive and negative. Before your next family wealth-planning conversation, consider your own attitudes and feelings on the topic.
These questions may help
Good Habits for Raising Money-Savvy Children
As children mature beyond stashing coins in piggy banks and begin managing their own money through more sophisticated vehicles like savings accounts, here are 3 tips to help them build good financial habits.
Teaching Your Children About Money
Planning for Education Savings
Smart planning for the future education costs is critical. Learn more about how incorporating a 529 plan into your overall wealth strategy can help cover education expenses and offer tax-advantaged investing.
Education Planning Center: 529 Plans and MoreOur Recognitions
The Schwabacher Group Named to Forbes Best-In-State Wealth Management Teams 2023-2025
Forbes Best-In-State Wealth Management Teams highlights more than 2,800 teams across the country who were nominated by their firms—and then researched, interviewed and assigned a ranking within their respective states.
Source: Forbes.com (Awarded 2023-2025) Data compiled by SHOOK Research LLC based 12-month time period concluding in March of year prior to the issuance of the award.
Theo Schwabacher Named to Forbes Best in State Wealth Advisors 2021-2024
Forbes Best-In-State Wealth Advisors list spotlights more than 4,000 top advisors across the country who were nominated by their firms—and then researched, interviewed and assigned a ranking within their respective states and markets.
Source: Forbes.com (Awarded 2021-2024) Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Theo Schwabacher Named to Forbes Best-In-State Women Advisors 2024
Forbes' "Top Women Wealth Advisors Best-In-State" is a select group of individuals who have a minimum of seven years of industry experience. The ranking, developed by Forbes' partner SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors and weighing factors like revenue trends, AUM, compliance records, industry experience and best practices learned through telephone and in-person interviews.
Source: Forbes.com (Awarded February 2024) Data compiled by SHOOK Research LLC based 12-month time period concluding in September of year prior to the issuance of the award.
Theo Schwabacher Named to Master’s Club at Morgan Stanley Wealth Management 2024
Morgan Stanley's prestigious Master's Club, an elite group composed of the Firm's top Financial Advisors. The appointment recognizes Theo's consistent creativity and excellence in providing a wide range of investment products and wealth management services to her clients.
Morgan Stanley Wealth Management Master's Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Master's Club membership is no guarantee of future performance.
Theo Schwabacher Forbes America's Top Women Wealth Advisors 2021
Forbes' "Top Women Wealth Advisors Best-In-State" is a select group of individuals who have a minimum of seven years of industry experience. The ranking, developed by Forbes' partner SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors and weighing factors like revenue trends, AUM, compliance records, industry experience and best practices learned through telephone and in-person interviews.
Source: Forbes.com (Awarded March 2021) Data compiled by SHOOK Research LLC based 12-month time period concluding in September of year prior to the issuance of the award.
View From Bay
Welcome to View From the Bay, where we share our thoughts on things not only related directly to finance and the markets, but also on topics related to lifestyle and current events.
Uncover 6 Ways to Reduce Your Tax Bill
Amid robust growth and persistent inflation, the Federal Reserve faces a tough decision on how to approach rate cuts. What should investors expect?
Read MoreHousing Market Update
Recent data and Fed speak have left markets expecting a lot more cuts from the Fed in 2024, but what does that mean for home prices? Listen as Morgan Stanley’s Co-Heads of Securitized Products Research explain why they are calling for home prices to fall by about 3% year-over-year by the end of the year.
Listen HereInvesting in an Election Year
As the 2024 U.S. general election draws closer, many investors want to know how the outcome could impact their financial lives. Morgan Stanley’s Global Investment Office believes the policies that emerge post-election on taxes, Social Security and health care could significantly shape investment and financial-planning strategies in the coming years.
Read More2024 Global Macroeconomic Outlook: Central Banks Look for 'Just Right' on Rates
Morgan Stanley Research expects slowing global growth as central banks walk a fine line between inflation and recession.
Read MoreOn the Markets Monthly Research Report
Every month, Morgan Stanley’s top research analysts publish their “On the Markets” report, providing detailed market commentary on such topics as global equities, fixed income and monetary policy and more.
Read the Latest ReportGlobal Investment Committee Weekly Research Report
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
Read the Latest ReportThoughts On The Market Podcast
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen to the Latest EpisodeMorgan Stanley Ideas Podcast
The Morgan Stanley Ideas Podcast brings you revealing stories about the world of business, finance, technology, and beyond.
Listen to the Latest EpisodeLocation
101 California St 23rd
Fl
San Francisco, CA 94111
US
Direct:
(415) 693-6381(415) 693-6381
Meet The Schwabacher Group
Milo Gates
Senior Vice President, Wealth Management, Investment Consultant, Financial Advisor
Phone:
(415) 693-6943(415) 693-6943
Ashley Nicole Crigger
Senior Client Service Associate, Group Administrator
Phone:
(415) 693-6010(415) 693-6010
Alicia Chen
Financial Planning Analyst
Phone:
(415) 693-6266(415) 693-6266
About Theo Schwabacher
Theo has 37 years of experience in the investment and wealth advisory business, and is a Certified Wealth Strategist®. She started her career trading foreign currencies, gold and silver, and also acted as the municipal bond coordinator for Dean Witter, one of the largest San Francisco offices during the 1980’s. In the 1990's, she ran an equity portfolio and coordinated the Branch Investment Consulting Services.
Her current position, Executive Director of “The Schwabacher Group” at Morgan Stanley. She concentrates on consulting for affluent families. Her comprehensive planning includes helping with asset allocation, assisting with investment policy formulation, manager search, performance monitoring and due diligence. Each client’s investment plan is customized, providing access to tax advice, estate planning strategies, philanthropic objectives with family and institutional goals. Theo is a fourth generation San Franciscan. Her grandfather and father were both involved in the brokerage and investment banking business and sold their company, Schwabacher and Co. to Dean Witter in 1968.
Her own philanthropic participation has led her to participate on many boards in San Francisco. These include the San Francisco Cancer Society, Red Cross, San Francisco Mental Health Association, Merola and the San Francisco Opera Board. Her professional associations include Technical Analysts Association of San Francisco, Certified Investment Management, and the Morgan Stanley Presidents Club from 2006-present. Her current affiliations include: Morgan Stanley Women’s Business Exchange, The Women’s Global Warming Initiative, and National Women Board of Entrepreneurs. She co-chairs Women Corporate Directors Foundation of Northern California, which helps create diversity on public boards. Theo focuses on integrating your personal mission statements by investing with Impact for individual and institutional clients.
Her current position, Executive Director of “The Schwabacher Group” at Morgan Stanley. She concentrates on consulting for affluent families. Her comprehensive planning includes helping with asset allocation, assisting with investment policy formulation, manager search, performance monitoring and due diligence. Each client’s investment plan is customized, providing access to tax advice, estate planning strategies, philanthropic objectives with family and institutional goals. Theo is a fourth generation San Franciscan. Her grandfather and father were both involved in the brokerage and investment banking business and sold their company, Schwabacher and Co. to Dean Witter in 1968.
Her own philanthropic participation has led her to participate on many boards in San Francisco. These include the San Francisco Cancer Society, Red Cross, San Francisco Mental Health Association, Merola and the San Francisco Opera Board. Her professional associations include Technical Analysts Association of San Francisco, Certified Investment Management, and the Morgan Stanley Presidents Club from 2006-present. Her current affiliations include: Morgan Stanley Women’s Business Exchange, The Women’s Global Warming Initiative, and National Women Board of Entrepreneurs. She co-chairs Women Corporate Directors Foundation of Northern California, which helps create diversity on public boards. Theo focuses on integrating your personal mission statements by investing with Impact for individual and institutional clients.
Securities Agent: TX, LA, IL, WA, CA, SC, NY, AR, TN, NV, MI, CO, AZ, AL, OR, MA, KY, DE, CT, NC, MT, MO, WY, VA, PA, ID, FL, DC, HI, OH, MN, MD, GA, UT, NM, NJ; General Securities Representative; Investment Advisor Representative
NMLS#: 1285336
CA Insurance License #: 0A40883
NMLS#: 1285336
CA Insurance License #: 0A40883
About Milo Gates
Milo Gates is a First Vice President, financial advisor. He joined Morgan Stanley in January of 1998. Prior to joining the firm, Milo worked as a trader of both over the counter and exchange listed securities for a regional brokerage firm in the Northwest.
He has worked in the financial services industry for 25 years. Milo assists with analyzing market research and developing investment strategies as well as all things fixed income. He also actively manages client portfolios and conducts client reviews. Milo prides himself on providing his clients exceptional financial advice with integrity and superior ethics.
Milo was born and raised in San Francisco and is a 7th generation Californian. He currently lives in Mill Valley with his wife, Lisa, and five sons. He enjoys spending time in the outdoors, skiing and boating in Lake Tahoe. Milo is also very involved in his sons' youth basketball and lacrosse leagues.
He has worked in the financial services industry for 25 years. Milo assists with analyzing market research and developing investment strategies as well as all things fixed income. He also actively manages client portfolios and conducts client reviews. Milo prides himself on providing his clients exceptional financial advice with integrity and superior ethics.
Milo was born and raised in San Francisco and is a 7th generation Californian. He currently lives in Mill Valley with his wife, Lisa, and five sons. He enjoys spending time in the outdoors, skiing and boating in Lake Tahoe. Milo is also very involved in his sons' youth basketball and lacrosse leagues.
Securities Agent: DC, WY, UT, OR, MT, AR, NY, PA, OH, NJ, MA, KY, IL, CO, CA, VA, MD, LA, FL, SC, MN, HI, NM, DE, AZ, GA, WA, NV, NC, MO, MI, ID, CT, AL, TX, TN; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1268222
NMLS#: 1268222
About Ashley Nicole Crigger
Born and raised in the Bay Area, Ashley lives in San Francisco and has worked at Morgan Stanley since 2011. She began her financial services career as an intern before becoming a client service associate and now heads the Schwabacher Group's operations, In which her primary responsibilities include providing high level service to clients and event planning. Ashley ended her 3 year tenure as the complex's Client Service Associate Coach where she helped to onboard and train all new hires and existing associates for both San Francisco offices. When she isn't volunteering, she enjoys traveling, working out, cooking and hosting gatherings for family and friends.
Contact Theo Schwabacher
Contact Milo Gates
Wealth Management
From Our Team
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Wealth Management
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Portfolio Insights
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
Are You Prepared for Tax Day?
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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
Donor Advised Funds: A Smart Way to Manage Your Giving
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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.
Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
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Ready to start a conversation? Contact The Schwabacher Group today.
1Morgan 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.
2When 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.
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.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC (“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.
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 (“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.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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, charitable giving, philanthropic planning and other legal matters.
12The 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.
13Morgan 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 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
2When 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.
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.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
6Morgan Stanley Smith Barney LLC (“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.
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 (“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.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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, charitable giving, philanthropic planning and other legal matters.
12The 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.
13Morgan 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 Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
CRC 6491812 (04/2024)