David R. McSemek, CFP®, CIMA®, CRPS®
Managing Director, Wealth Management, Financial Advisor, Senior Institutional Consultant, Corporate Retirement Director
Phone:
(937) 312-2211(937) 312-2211
The Southwest Ohio Group at Morgan Stanley
David R. McSemek, CFP®, CIMA®, CRPS®Michael S. Smith, CFP®Donald E. Reynolds, CRPS®Jay D. OttoRobert Davis, CRPC®, QPFCMichael BalsomJeffrey McGlone, CRPC®Russell Clark
(937) 312-2211(937) 312-2211
Toll-Free:
(800) 966-8077(800) 966-8077
Industry Award WinnerOur Mission Statement
Providing experience, intellectual capital and dedicated personal service to help you meet your life goals
The Southwest Ohio Group at Morgan Stanley
Our goal is to thoroughly understand your financial needs and then align the resources to help you meet or exceed them. We can help you evaluate near-term concerns and plan for long-term goals, be a sounding board for investment ideas, and assist you in developing and executing a strategy that is precisely your own and helps you meet your needs.
Services Include
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Experience
The Southwest Ohio Group is proud to offer over 150 years of combined professional experience to our clients.
Call or email us today.
Call or email us today.
Location
7777 Washington Village Dr
Ste 100
Dayton, OH 45459
US
Direct:
(937) 312-2211(937) 312-2211
Toll-Free:
(800) 966-8077(800) 966-8077
7811 University Pointe Dr
Fort Myers, FL 45459
US
Meet The Southwest Ohio Group
Michael S. Smith, CFP®
Senior Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist, Workplace Advisor – Equity Compensation
Phone:
(937) 312-2213(937) 312-2213
Donald E. Reynolds, CRPS®
Senior Vice President, Financial Advisor, Senior Portfolio Manager, Investment Management Consultant
Phone:
(937) 312-2226(937) 312-2226
Jay D. Otto
First Vice President, Financial Advisor, Portfolio Manager
Phone:
(937) 312-2238(937) 312-2238
Robert Davis, CRPC®, QPFC
Senior Vice President, Wealth Management, Financial Advisor
Phone:
(937) 312-2247(937) 312-2247
Phone:
(937) 312-2248(937) 312-2248
Russell Clark
Financial Advisor
Phone:
(937) 312-2214(937) 312-2214
Brad Balsom
Director Of Investments, Portfolio Manager
Phone:
(937) 312-2249(937) 312-2249
Tanya N. Munn
Assistant Vice President, Wealth Management Associate
Phone:
(937) 312-2215(937) 312-2215
Jerry W. Walsh
Assistant Vice President, Business Development Associate
Phone:
(937) 312-2236(937) 312-2236
Angela Jones
Senior Client Service Associate
Phone:
(937) 312-2251(937) 312-2251
John Glueckert
Senior Registered Associate
Phone:
(937) 312-2252(937) 312-2252
Marcy Deaton
Senior Client Service Associate
Phone:
(937) 312-2250(937) 312-2250
Jessica Reynolds
Registered Client Service Associate
Phone:
(937) 312-2217(937) 312-2217
About David R. McSemek
David has been with the firm for over 40 years. He is very proud of the team that has been built over the years, their attention to client's needs and ongoing pursuit of becoming better investment professionals.
David lives in Beavercreek with his wife Sandy and their 3 boxers. They have been blessed with 4 grown children and their significant others as well as 3 grandbabies. David and Sandy enjoy their time with their family, time in Florida, fishing, and golfing.
1983 - present: Morgan Stanley*
1993 - 1996: Smith Barney Branch Manager - Dayton, OH
1991 - 1993: Smith Barney Assistant Branch Manager - Dayton, OH
B.S., 1982
Wright State University - Dayton, OH
2009 - 2019: Wright State University Foundation - Board of Trustees
1995 - 1999: United Rehabilitation Services - Board of Trustees
David lives in Beavercreek with his wife Sandy and their 3 boxers. They have been blessed with 4 grown children and their significant others as well as 3 grandbabies. David and Sandy enjoy their time with their family, time in Florida, fishing, and golfing.
1983 - present: Morgan Stanley*
1993 - 1996: Smith Barney Branch Manager - Dayton, OH
1991 - 1993: Smith Barney Assistant Branch Manager - Dayton, OH
B.S., 1982
Wright State University - Dayton, OH
2009 - 2019: Wright State University Foundation - Board of Trustees
1995 - 1999: United Rehabilitation Services - Board of Trustees
Securities Agent: IL, MA, KY, FL, DC, MS, AZ, OR, NM, NE, KS, IN, ID, IA, GA, NJ, MT, MD, SC, NC, LA, DE, TX, MN, HI, WY, WI, VA, UT, CO, CA, WA, TN, SD, PA, NH, NY, MO, MI, CT, AR, AL, AK, WV, VT, OK, OH, ME; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1629324
NMLS#: 1629324
About Michael S. Smith
Mike has over 27 years of industry experience. After graduating from Bowling Green State University with a B.S.B.A in finance, he worked for a mortgage lending company automating their company’s procedures and creating an internal accounting system before joining Morgan Stanley in 1996. Mike attained his Financial Planning Specialist Title in 2005 and his Certified Financial Planner® designation in 2016. He is focused on making sure his clients plan for college, retire, estate planning strategies, and any other financial goals they may have. Mike lives in Kettering, Ohio with his wife, two children, and three Siberian Huskies. In his spare time, he enjoys spending as much time as possible with his family as well as travelling, relaxing with friends, and watching and playing sports.
Securities Agent: LA, CO, VA, MS, MI, ID, IA, WI, TX, NJ, MO, GA, NH, IL, CT, CA, VT, UT, SC, PA, OK, MT, ME, IN, NY, NC, AZ, AL, OR, MD, KS, HI, WV, WA, SD, MN, DE, AR, WY, TN, NM, NE, AK, DC, OH, MA, KY, FL; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1629345
NMLS#: 1629345
About Donald E. Reynolds
2005 - present: Morgan Stanley
2003 - 2005: AXA Financial
B.S., Finance
University of Dayton
2011 Dayton Business Journal "Forty under 40"
CRPS - Chartered Retirement Plans Specialist
Source: Dayton Business Journal, “40 Under 40”, 2011. The award is based upon a recipient’s application and not upon any qualitative and quantitative criteria relating specifically to one’s position as a Financial Advisor. As such the award is not representative of any client’s experience nor is it indicative of the Financial Advisor’s future performance. A panel of judges reviews the applications which include, among other things, community service, professional goals and leadership. Neither Morgan Stanley Smith Barney nor any of their Financial Advisors pay a fee to the Dayton Business Journal in exchange for the rating.
2003 - 2005: AXA Financial
B.S., Finance
University of Dayton
2011 Dayton Business Journal "Forty under 40"
CRPS - Chartered Retirement Plans Specialist
Source: Dayton Business Journal, “40 Under 40”, 2011. The award is based upon a recipient’s application and not upon any qualitative and quantitative criteria relating specifically to one’s position as a Financial Advisor. As such the award is not representative of any client’s experience nor is it indicative of the Financial Advisor’s future performance. A panel of judges reviews the applications which include, among other things, community service, professional goals and leadership. Neither Morgan Stanley Smith Barney nor any of their Financial Advisors pay a fee to the Dayton Business Journal in exchange for the rating.
Securities Agent: ID, DC, NH, CT, NM, MN, MI, MA, KY, AL, WV, NJ, MS, WY, PA, NE, KS, IA, AR, WA, OR, NY, MT, IL, OK, VA, IN, DE, CO, WI, VT, NC, FL, UT, OH, MO, ME, MD, HI, GA, CA, AZ, AK, TX, TN, SD, SC, LA; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1760548
NMLS#: 1760548
About Jay D. Otto
Morgan Stanley 2011 - present
B.S.B.A. - Fisher College of Business 1987
The Ohio State University
B.S.B.A. - Fisher College of Business 1987
The Ohio State University
Securities Agent: NJ, MI, ME, IL, SC, PA, ID, HI, DE, CA, AR, UT, NE, NC, MA, AL, KY, IN, OR, LA, AZ, AK, TX, OH, GA, FL, CT, CO, WI, VT, MS, IA, WV, WA, TN, NY, NH, WY, MT, SD, OK, NM, MO, MN, MD, KS, DC, VA; General Securities Representative; Investment Advisor Representative
About Robert Davis
Bob utilizes his over 26 years of experience in the financial services industry to advise clients on wealth accumulation, preservation and transfer through the creation of customized wealth management strategies. This process includes portfolio construction, liability management, tax minimization strategies, and asset preservation with a specific emphasis on helping to assure a lifetime retirement income stream. Through personal consultation, Bob works with his clients to establish financial goals and prioritizing their financial needs.
A graduate of Baldwin-Wallace College, Bob has a Bachelor of Arts in Business Administration. He is an active volunteer at The Dayton Art Institute and leads the corporate retirement services practice for the group. Bob resides in Centerville with his wife Stephanie, and two daughters, Reese and Reagan.
A graduate of Baldwin-Wallace College, Bob has a Bachelor of Arts in Business Administration. He is an active volunteer at The Dayton Art Institute and leads the corporate retirement services practice for the group. Bob resides in Centerville with his wife Stephanie, and two daughters, Reese and Reagan.
Securities Agent: KS, AL, WI, WA, VA, AZ, AR, PA, MT, IN, ID, OR, NJ, NH, NC, MA, TX, FL, MS, WV, SC, NY, KY, IL, AK, WY, TN, MN, IA, CO, CA, VT, UT, OK, MO, GA, SD, MI, ME, MD, LA, HI, DE, NE, DC, OH, NM, CT; General Securities Representative; Investment Advisor Representative
NMLS#: 590819
NMLS#: 590819
About Jeffrey McGlone
With more than 24 years of experience as a financial advisor, Jeff advises clients on wealth accumulation, preservation, and transfer strategies through the creation of individually customized wealth management and retirement planning. Jeff also provides frequent performance monitoring, personalized guidance, and periodic reviews of each client’s progress towards their financial goals. Prior to entering the financial services industry, Jeff was a leader in the telecommunications industry and worked for a Fortune 500 company tracking business operations and processing performance data analysis. As a Dayton native, he attended Wright State University and focuses on investment & lending needs for high net worth clients and business owners for the team. He and his wife, Holly, reside in Centerville, OH.
Securities Agent: NY, NE, WI, VT, MS, ME, AK, UT, OH, MN, KS, VA, TX, MI, IN, IA, DE, NJ, NC, CA, WV, TN, OR, OK, MO, NM, NH, MT, ID, CT, WY, PA, IL, FL, WA, SD, SC, MA, KY, CO, AZ, AR, MD, LA, HI, GA, AL, DC; General Securities Representative; Investment Advisor Representative
NMLS#: 710690
NMLS#: 710690
About Russell Clark
Securities Agent: ND, NE, SD, WY, WV, WI, WA, VT, VA, TX, TN, SC, PA, OR, OK, OH, NY, NV, NM, NH, NC, MT, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, IA, HI, GA, FL, DE, MS, DC, CT, CO, NJ, CA, AZ, AR, AL, AK, UT, RI; General Securities Representative; Investment Advisor Representative
NMLS#: 2675551
NMLS#: 2675551
About Brad Balsom
Brad entered the financial services industry in 2012 after 16 years trading securities, futures and options at the Chicago Mercantile Exchange. Brad consults with his clients to fully understand their financial needs and goals. With this information, Brad examines all aspects of his client's financial lives and how this translates to cash flow, trust and estate planning needs, liability management and the creation of a wealth management strategy. Utilizing his market experience as well as Morgan Stanley’s award winning research, Brad provides customized investment strategies tailored to the individual client. Of utmost importance, Brad seeks to provide the highest level of service that best addresses the needs of each relationship.
Brad is a graduate of Ball State University with a BS in Finance. He currently holds the Series 7 and 66 FINRA registrations as well as a license to provide insurance. Brad and his wife Georgia reside in Centerville with their two sons. Away from the office, Brad enjoys spending time hiking and travelling with the family, playing paddle tennis and golf.
Brad is a graduate of Ball State University with a BS in Finance. He currently holds the Series 7 and 66 FINRA registrations as well as a license to provide insurance. Brad and his wife Georgia reside in Centerville with their two sons. Away from the office, Brad enjoys spending time hiking and travelling with the family, playing paddle tennis and golf.
About Tanya N. Munn
Tanya’s experience in the brokerage industry started as a summer job in high school in the early 1990’s. She updated the posting books for her father before computers handled the trade reporting. From that point, her career in the brokerage business began. Her prior areas of training were operations, management, and most importantly, client support. Today she has worked with the Southwest Ohio Group for over 15 years and been with Morgan Stanley for over 18 years. Tanya and Jeff have 3 children, 3 dogs, and chickens. Tanya’s interests include traveling, cooking, and gardening.
About Jerry W. Walsh
Jerry has over 34 years of industry experience. After graduating from High School, he took a job clerking on Wall Street and eventually found his way to Dayton, Ohio. He’s been with Morgan Stanley since 1995 and completed a B.S. in Management at MacGregor/Antioch University. One of the highlights of his job, is working with long-term clients and getting to know their children and then grandchildren. Supporting his Advisors and their clients is where Jerry excels. He lives in Beavercreek, Ohio with his spouse, Neil, and their 2-year old English Toy Spaniel, Tuppence. Jerry loves reading, drawing, exercising, movies and eating anything Neil cooks.
About Angela Jones
Angela focuses on helping ensure clients have excellent service with their retirement distributions, credit and debit card inquiries, and education planning accounts, as well as a host of additional services.
About John Glueckert
John utilizes more than 45 years of experience in the financial services industry to provide an outstanding experience for the clients of The MDB Group. Many clients rely on his insight and abilities to help them achieve their financial goals.
About Marcy Deaton
Marcy entered the financial services industry in 1991. Often the first point of contact for clients, she assists clients with a variety of administrative needs and access to lending services.
About Jessica Reynolds
Securities Agent: CA, CO, FL, GA, HI, IN, KS, KY, MA, MI, MN, NC, NV, NY, OH, OK, OR, PA, SC, TX, VA, WA, WI; Investment Advisor Representative; General Securities Representative
Contact David R. McSemek
Contact Michael S. Smith
Contact Donald E. Reynolds
Contact Jay D. Otto
Contact Robert Davis
Contact Jeffrey McGlone
Contact Russell Clark
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
Forbes Best-In-State Wealth Management Teams Source: Forbes (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period 3/31/23-3/31/24.
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
Kimberly Emerson
Private Banker
About Kimberly Emerson
Kimberly Emerson is a Private Banker serving Morgan Stanley Wealth Management offices in Ohio.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Kimberly began her career in financial services in 2001, and joined Morgan Stanley in 2015. Prior to joining the firm, she was a Private Banking Relationship Manager at FC Bank. Kimberly has also been a Wealth Management Banker at Merrill Lynch, as well as a Private Banking Relationship Manager at Fifth Third and KeyBank.
Kimberly is a graduate of Ohio Dominican University where she received a Bachelor of Arts in Business Administration. She and her family reside in Blacklick, Ohio. Outside of the office, Kimberly enjoys sporting events, concerts, and spending time with her family.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Kimberly began her career in financial services in 2001, and joined Morgan Stanley in 2015. Prior to joining the firm, she was a Private Banking Relationship Manager at FC Bank. Kimberly has also been a Wealth Management Banker at Merrill Lynch, as well as a Private Banking Relationship Manager at Fifth Third and KeyBank.
Kimberly is a graduate of Ohio Dominican University where she received a Bachelor of Arts in Business Administration. She and her family reside in Blacklick, Ohio. Outside of the office, Kimberly enjoys sporting events, concerts, and spending time with her family.
NMLS#: 767178
Private Bankers, Ultra High Net Worth ("UHNW") Specialists, PBG Market Managers, Lending Advisors, Mortgage Consultants, Regional Mortgage Specialist, Cash Management Specialists, 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
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
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529 Plans: A Powerful Tool to Save for Education
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Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
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A Simple Six-Step Retirement Checkup
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Working closely with you to guide your wealth and investments through the most challenging market cycles.
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Rational Investing in an Age of Uncertainty
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Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
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Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
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- Set themselves apart by offering comprehensive financial wellness benefits.
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Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
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Financial Planning for Life After Selling a Business
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We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
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Ready to start a conversation? Contact The Southwest Ohio Group today.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
1Investing 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.
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.
3When 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.
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’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.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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 and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque 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 | Morgan Stanley
1Investing 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.
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.
3When 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.
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’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.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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 and other legal matters.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025)
