Myron Schwitzer
Senior Vice President, Financial Advisor, Portfolio Management Director
Phone:
(972) 450-6690(972) 450-6690
The Schwitzer Grossman Group at Morgan Stanley
Direct:
(972) 450-6631(972) 450-6631
Toll-Free:
(800) 527-4175(800) 527-4175
Our Mission Statement
Our clients are our Priority. Meeting their needs is the only measure of success.
Our Why and How
Our Why:
You have worked for your wealth. Most of our clients gained their wealth doing something they were good at and, more importantly, something that they loved. Our only focus is on maintaining and growing that wealth so that you can meet your goals in the most efficient and effective way possible. Like you, we are good at what we do, and we love to do it. Helping you and your family is our passion. We endeavor for our passion to show, and we believe it does. Our clients tell us it does and they regularly refer people they care about to us so that we can help them as well. Ask us more about our why when you call.
Our How:
We believe that a disciplined approach increases the likelihood of generating consistent returns while limiting risk of principal. We regard time in the market as more important than timing the market. As such, while being mindful of the current climate, we are focused on long term results.
We help you define your investment goals using strategic and tactical asset allocation methods. Our goal is to assist our clients in managing the financial components of their lives.
- Preserve principal
- Work within the risk parameters in which each client is comfortable
- Maintain appropriate liquidity
- Obtain the best overall return consistent with the objectives established by and with each client
Services Include
- Wealth ManagementFootnote1
- Professional Portfolio ManagementFootnote2
- Municipal BondsFootnote3
- Asset Management
- 401(k) Rollovers
- Financial PlanningFootnote4
- Retirement PlanningFootnote5
- Long-term Care InsuranceFootnote6
- Philanthropic ManagementFootnote7
- 529 PlansFootnote8
- Sustainable InvestingFootnote9
- Wealth PlanningFootnote10
- Planning for Education FundingFootnote11
- LGBT+ Planning ServicesFootnote12
- Cash Management and Lending ProductsFootnote13
- Foreign ExchangeFootnote14
- Estate Planning StrategiesFootnote15
- Business Succession PlanningFootnote16
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Three-Step Process
Our approach focuses on you, your family, and your career - where you are today and where you want to go. Working together, we develop the strategies to help get you there, navigating life's challenges and helping you make more informed decisions about your wealth.
1. Introductory Call
We begin the process with an informal meeting to learn about your financial concerns and determine how we can add value. If we agree to move forward, we will schedule our next meeting and request important financial information.
2. Analysis & Plan Development
Using Morgan Stanley’s tools and resources to develop a personalized and detailed plan, we can provide recommendations to help you grow, preserve, and transfer your wealth.
3. Implementation
We present strategies to achieve the goals and dreams we discussed in previous meetings. Upon your approval, we open new accounts for you at Morgan Stanley and begin the strategies we have discussed. Often included in these strategies are tax mitigation, risk management, education, philanthropy, and estate planning techniques.
4. Ongoing Service
We apply a strict due diligence process and set up regular calls or meetings to discuss progress towards your goals. We may recommend adjustments over time, due to changes in your life or market conditions, to help keep you on track towards achieving your goals.
Wealth Management for Physicians
As a healthcare provider, your industry has had a tectonic shift within virtually every aspect of your practice. Technology has changed the way you treat and “see” your patients. Managed care has changed the way you get your patients, how much time you can spend with your patients, and how you get paid to treat your patients. Many physicians have been forced to change the way they approach their profession and how they view their practices.
Our clients went into healthcare to help people. They care for their patients deeply, and they don’t want to choose between their practice and their family’s financial future. Likewise, we are in practice to care for our clients’ financial health and well-being.
You are unique and have unique needs. We have the experience working with physicians and dentists through the years to overcome many of these challenges. We have helped hundreds of our clients retire over our careers, and we approach our clients with the same standard of care that you approach your patients. Working with us, you can focus on your patients knowing you have a team of advisors supporting your financial decisions. We take time to understand your goals and dreams, develop a care plan to reach your objectives, and tailor our solutions for the express purpose of delivering Wealth Enhancement, Protection, and Transfer. You will have access to world-class investment consulting, financial strategies, and retirement plan services for physicians as part of one of the world’s premier financial services firms.
Our clients went into healthcare to help people. They care for their patients deeply, and they don’t want to choose between their practice and their family’s financial future. Likewise, we are in practice to care for our clients’ financial health and well-being.
You are unique and have unique needs. We have the experience working with physicians and dentists through the years to overcome many of these challenges. We have helped hundreds of our clients retire over our careers, and we approach our clients with the same standard of care that you approach your patients. Working with us, you can focus on your patients knowing you have a team of advisors supporting your financial decisions. We take time to understand your goals and dreams, develop a care plan to reach your objectives, and tailor our solutions for the express purpose of delivering Wealth Enhancement, Protection, and Transfer. You will have access to world-class investment consulting, financial strategies, and retirement plan services for physicians as part of one of the world’s premier financial services firms.
Reduced Healthcare Costs Could Be a Click Away
Could the same e-commerce trends that disrupted the travel industry help reduce skyrocketing healthcare costs? Why a new approach could save patients and payors billions of dollars.
Click Here to Read the Morgan Stanley Article
Could Artificial Intelligence Transform Healthcare?
Why MedTech’s adoption of artificial intelligence could deliver increased productivity, lower costs and improved patient outcomes in the coming years.
Click Here to Read the Morgan Stanley Article
Defined Benefit Plans for Physicians
Defined benefit plans create more retirement wealth through greater tax efficiency.
Safeguard Your Family and Legacy With Insurance
For many physicians, insurance can play a critical role in an overall wealth plan. This video describes some of the insurance capabilities available to help physicians protect their family and legacy.
Click Here to Watch a Video of our Insurance CapabilitiesManaging wealth is like running a company - you need a strategy to manage assets and mitigate risks. We help clients through the entire process by leveraging some of the best resources, research, and investment management services in the industry.
Planning for the Unplanned
Unexpected events such as death, disability, or retirement of a business owner or key executive does not have to mean the end of a successful business. Advanced planning can provide for an orderly transition of ownership and business management during lifetime or at death. There are many opportunities for structuring and funding buy-sell agreements, key employee needs and other executive benefits programs.
Transaction of a Lifetime
Creating and growing a successful business is not always just about money, nor is the decision to exit the business. That exit could be through an IPO, merger, private sale or succession within the family. The process is intense, with complex details and decisions consisting of an unexpected combination of personal and financial needs. Morgan Stanley has been assisting business owners like you bring clarity and confidence to what is typically a once-in-a-lifetime event.
Understanding Your Equity Awards
Navigating grants, stock options, restricted stock awards, and the like can be confusing. Then you have qualified versus non-qualified, cost basis, insider requirements, and vesting periods that take it from confusing to confounding. These are part of your compensation package. We will help you determine the best strategies to get the most out of these plans with the least amount of hassle, risk, and taxes.
Concentrated Stock and Option Analysis
Built for executives with significant wealth in stock and options of their company, the Concentrated Stock and Options Analysis provides various valuations of holdings as well as hypothetical diversification scenarios.
Insights & Resources
Morgan Stanley provides clients with resources meant to transform complex financial analysis and research into concise and easily digestible content. The links below offer insight into the modern market and economic landscape.
Reserved Living & Giving
Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. Members can enjoy special discounts and timely insights to support them at home and beyond.
View Offers from Reserved Living & Giving
Thoughts on the Market Podcast
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Check Out The Latest Episode
Wealth Management Audiocast
Check out our recent market update audiocasts, including the latest from Wealth Management Chief Investment Officer Lisa Shalett.
Listen Here
Global Investment Committee (GIC) Monthly Research Report
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
Read The Latest Report
The Alts Report
Hear from industry innovators across Morgan Stanley Wealth Management leadership and fund manager partners as they discuss the trends and opportunities shaping the alternative investments landscape.
The Alts Report Latest EpisodeLocation
5001 Spring Valley Rd
Ste 900W
Dallas, TX 75244
US
Direct:
(972) 450-6631(972) 450-6631
Toll-Free:
(800) 527-4175(800) 527-4175
Fax:
(972) 450-6650(972) 450-6650
Meet The Schwitzer Grossman Group
Barney J. Grossman, CRPC®, ADPA®
Vice President, Financial Advisor, Senior Portfolio Manager, Chartered Retirement Planning Counselor, Accredited Domestic Partnership Advisor
Phone:
(972) 450-6664(972) 450-6664
About Myron Schwitzer
Myron is a true veteran of the financial services industry, having begun his career in 1968 with E. F. Hutton, a predecessor of Morgan Stanley. Dedicated to putting his clients and their financial goals first, he has built his practice by developing long-term relationships with clients and working diligently to find the best financial solutions for each. In 2008, he took the opportunity to enhance his practice by adding Barney Grossman, Associate Vice President, Financial Planning Specialist, Senior Portfolio Manager and Financial Advisor, to his team. Myron has earned the title of Senior Vice President, and Portfolio Management Director. He is trained to design, execute, and maintain customized investment strategies. His focus is on Discretionary Portfolio Management, Municipal Bonds and Mutual Funds.
Originally from Shreveport, Louisiana, Myron obtained his Bachelor of Science in Accounting and his MBA from Louisiana State University. After graduating, he moved to Dallas to begin his career. Myron lives in Plano, Texas with his wife Jacquie. He is a proud parent and grandparent of three children and six grandchildren. He enjoys playing organized soccer; is an avid photographer; loves to travel; and collects postal history. He has deep roots in his community, and actively serves on several national and local non-profit boards of directors.
Originally from Shreveport, Louisiana, Myron obtained his Bachelor of Science in Accounting and his MBA from Louisiana State University. After graduating, he moved to Dallas to begin his career. Myron lives in Plano, Texas with his wife Jacquie. He is a proud parent and grandparent of three children and six grandchildren. He enjoys playing organized soccer; is an avid photographer; loves to travel; and collects postal history. He has deep roots in his community, and actively serves on several national and local non-profit boards of directors.
Securities Agent: WA, LA, AK, TN, PA, MD, TX, OK, MI, GA, NM, OR, MA, AZ, MO, UT, CO, NJ, NC, MT, MN, FL, CA, VA, NY, ME, KS; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1298012
NMLS#: 1298012
About Barney J. Grossman
Barney began his career in Minnesota, working at a large insurance company. He corrected complex computing errors, but more importantly learned that he doesn’t like Minnesota winters. After relocating to Dallas, he transitioned to closing real estate transactions. To get a more holistic relationship with his clients, Barney moved over to personal finance and managed banks and later private banking. In 2005, he moved his practice to Merrill Lynch.
With experience in the financial services industry extending back to 1994, Barney took the opportunity to join Myron Schwitzer at Smith Barney (which later became Morgan Stanley) in 2008, when they formed the Schwitzer Grossman Group. The two of them focus on the needs and solutions of their clients. Utilizing his previous experience with firms such as Stewart Title, Republic Title, Bank of America, and Merrill Lynch, Barney focuses on holistic financial planning, real estate, cash management and lending solutions, and investments. A lifelong problem-solver, Barney has always enjoyed completing crossword, sudoku and other puzzles. He finds similarities between those games and working with clients. Barney realizes that every person he works with has their own unique situation, which requires a customized approach of establishing the clients’ current situation, their goals and dreams, and any obstacles along the way.
Barney has lived in the Dallas area since 1983 and is a dedicated community member, being an active Freemason and Scottish Rite Mason. Well-traveled as a Child, Barney grew up splitting time between Minneapolis, Minnesota and Dallas, Texas. He earned his Bachelor of Arts degree in Political Science from the University of New Mexico. Barney has three children, Miles, Rachel, and Alayna, and a dog named Libby. Barney enjoys fishing, hiking, and traveling. Barney is also avid scuba diver and live music enthusiast. He contributes his time and energy as a volunteer for local non-profit organizations.
With experience in the financial services industry extending back to 1994, Barney took the opportunity to join Myron Schwitzer at Smith Barney (which later became Morgan Stanley) in 2008, when they formed the Schwitzer Grossman Group. The two of them focus on the needs and solutions of their clients. Utilizing his previous experience with firms such as Stewart Title, Republic Title, Bank of America, and Merrill Lynch, Barney focuses on holistic financial planning, real estate, cash management and lending solutions, and investments. A lifelong problem-solver, Barney has always enjoyed completing crossword, sudoku and other puzzles. He finds similarities between those games and working with clients. Barney realizes that every person he works with has their own unique situation, which requires a customized approach of establishing the clients’ current situation, their goals and dreams, and any obstacles along the way.
Barney has lived in the Dallas area since 1983 and is a dedicated community member, being an active Freemason and Scottish Rite Mason. Well-traveled as a Child, Barney grew up splitting time between Minneapolis, Minnesota and Dallas, Texas. He earned his Bachelor of Arts degree in Political Science from the University of New Mexico. Barney has three children, Miles, Rachel, and Alayna, and a dog named Libby. Barney enjoys fishing, hiking, and traveling. Barney is also avid scuba diver and live music enthusiast. He contributes his time and energy as a volunteer for local non-profit organizations.
Securities Agent: KS, WA, TX, MI, LA, MA, DC, MD, FL, PA, NM, MO, GA, VA, CO, CA, TN, AK, OR, OK, NY, MT, MN, ME, AZ, NJ, NC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1265033
NMLS#: 1265033
Contact Myron Schwitzer
Contact Barney J. Grossman
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
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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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
Ready to start a conversation? Contact The Schwitzer Grossman Group today.
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’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.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4Morgan 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan 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.
8Investors 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.
9Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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.
10Morgan 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.
Morgan 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.
11When 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.
12Morgan 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.
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
14GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
15Morgan 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.
16Morgan 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.
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
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4Morgan 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
7Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan 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.
8Investors 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.
9Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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.
10Morgan 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.
Morgan 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.
11When 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.
12Morgan 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.
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
14GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks.
Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be appropriate for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice.
15Morgan 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.
16Morgan 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.
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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 | Morgan Stanley
CRC 4665150 (8/2025)
