
Thaddeus Barnes, CFP®
Personalized Portfolios: Your Portfolio Manager will use his/her discretion to identify an investment strategy tailored to help meet your needs.
Comprehensive Communications: Throughout your relationship, you'll have direct access to the investment professional managing your portfolio.
Client Focus: Each account can be individually customized to help meet your requirements for growth, income or preservation of capital within your risk constraints.
Asset-Based Fee*: Fees for the program are based on your account's asset level, not on the number of transactions performed in a given time period.
Disclosures:
* The Portfolio Management program account will be charged an annual asset-based fee ("the Fee") which is payable monthly in advance (some account types may be billed differently). In general, the Fee covers investment advisory services, the execution of transactions through Morgan Stanley Smith Barney LLC ("Morgan Stanley") or its affiliates, custody of the client's assets with Morgan Stanley Smith Barney LLC and its affiliates, and reporting. Each account that is invested in the PM program that is eligible to purchase certain investment products, such as Mutual Funds, is charged a Platform Fee, regardless of whether a specific PM account is invested in such investment product. The Platform Fee is in addition to the wrap Fee, is subject to a Platform Fee offset, and is applicable to all custodied PM accounts, except for Retirement Accounts covered by Title I of ERISA, including for example, certain Simplified Employee Pension (SEPs) accounts and SIMPLE IRAs, as well as certain other account types.
Lastly, accounts invested in certain investment products, such as mutual funds, will pay the fees and expenses of those investment products. Fund fees and expenses are charged directly to the pool of assets the fund invests in and are reflected in each fund's share price. You understand that these fees and expenses are an additional cost to you and will not be included in the Fee amount in your account statements. Diversification and asset allocation do not assure a profit or protect against loss.
For more information on the Portfolio Management Program, see the applicable ADV brochure, available from your Portfolio Manager or at www.morganstanley.com/ADV. Although the statements of fact and data in this report have been obtained from, and are based upon, sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed. All opinions included in this report constitute the Firm's judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Past performance is not a guarantee of future results.
Morgan Stanley Smith Barney LLC and its Financial Advisors do not provide tax or legal advice. Individuals should consult their personal tax and legal advisors before making any tax- or legal-related decisions.
CRC: 3991634 11/24
CRC: 4364875 3/25