John Stillwagon, CFP®, CIMA®
Managing Director, Wealth Management, Financial Advisor, Senior Investment Management Consultant, Alternative Investments Director
Phone:
(248) 723-1818(248) 723-1818
The Stillwagon Group at Morgan Stanley
Direct:
(248) 723-1818(248) 723-1818
Toll-Free:
(800) 677-6851(800) 677-6851
Industry Award WinnerOur Mission Statement
As a financial services group with an approach based on deep and comprehensive financial planning, we provide a range of traditional and alternative investment management options that are carefully customized to help meet the unique needs of our clients.
No One Works Harder for You
We’re committed to assembling the best possible team for you and your family, and following up with an exceptional level of service. Our team takes a very disciplined approach to planning and investment management because we know how hard you’ve worked to achieve your goals, and we want to show that same level of diligence as we help you move toward the future you’ve envisioned.
Our practice is supported in these efforts by the strength and resources of Morgan Stanley as a global leader in financial services.
Our practice is supported in these efforts by the strength and resources of Morgan Stanley as a global leader in financial services.
Services Include
- Financial PlanningFootnote1
- Estate Planning StrategiesFootnote2
- Philanthropic ManagementFootnote3
- Alternative InvestmentsFootnote4
- Retirement PlanningFootnote5
- Life InsuranceFootnote6
- Business PlanningFootnote7
- Business Succession PlanningFootnote8
- Executive Financial ServicesFootnote9
- Wealth ManagementFootnote10
- Professional Portfolio ManagementFootnote11
- Cash Management and Lending ProductsFootnote12
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
The Stillwagon Group brings together their unwavering commitment, focus and diligence to help produce a sound financial future our clients can call their own. You’ve achieved success in your life. We roll up our sleeves to help you achieve what’s next for your future.
1. Converse
We are focused on serving your needs, personal as well as financial, so you can potentially build a meaningful life for you and your family.
2. Design
We develop a financial framework that puts planning at the backbone of your strategy, in an effort to enable you to continue to build and maintain the legacy you envision.
3. Construct
With an eye on diversifying investments through alternative options, we construct a risk-adjusted portfolio for your objectives.
4. Review
We invest our time to build long-standing relationships with our clients so you understand your concerns are our own.
A Structured Approach to Planning
A strong financial plan starts with listening. We take a holistic approach to understand what matters most to you and translate your goals into a clear, actionable plan.
Together, we review your current financial picture and discuss key planning areas such as cash flow, investments and risk, retirement, education funding, tax-aware strategies, insurance, and estate planning considerations. As your life and the markets change, we revisit and refine your plan to help keep it aligned.
We follow a disciplined six-step process designed to help you create, implement and maintain a customized wealth management strategy based on your goals, priorities and financial circumstances—supported by ongoing collaboration
Together, we review your current financial picture and discuss key planning areas such as cash flow, investments and risk, retirement, education funding, tax-aware strategies, insurance, and estate planning considerations. As your life and the markets change, we revisit and refine your plan to help keep it aligned.
We follow a disciplined six-step process designed to help you create, implement and maintain a customized wealth management strategy based on your goals, priorities and financial circumstances—supported by ongoing collaboration
Discovery
We start by learning what matters most to you—your goals, time horizon, liquidity needs, risk considerations and family priorities. Where relevant, we also discuss topics like concentrated positions and equity compensation.
Tax and Estate Coordination
With your permission, we review your financial picture and planning documents and coordinate with your tax and legal advisors to help identify planning considerations that support your objectives.
Investment Strategy
Using what we learn, we develop an investment approach aligned with your goals and risk profile. Portfolios may incorporate a range of investment solutions, including third‑party and Morgan Stanley strategies, when appropriate.
Asset Allocation
We establish a long-term asset allocation framework based on your objectives, risk considerations, time horizon, cash-flow needs and tax considerations.
Portfolio Adjustments (as appropriate)
As markets change, we may evaluate measured adjustments within agreed guidelines, while considering factors such as taxes, transaction costs and alignment to your long-term strategy.
Ongoing Review
We monitor progress and review your strategy over time to reflect life events, market conditions and evolving priorities, coordinating with your other professionals when appropriate.
You Define Success. We Help You Plan for It.
Life rarely moves in a straight line. Your goals can evolve, priorities can compete and unexpected events can introduce new complexity. Our role is to help you clarify what matters most, bring structure to your decisions and coordinate a plan that aligns your wealth with your life.
Below are common planning needs clients raise—each with a few questions to consider and a suggested resource to explore. If any resonate, we can discuss what’s most relevant for you and your family.
Below are common planning needs clients raise—each with a few questions to consider and a suggested resource to explore. If any resonate, we can discuss what’s most relevant for you and your family.
Health Needs & Long‑Term Care
Planning for potential health events can help protect independence, family dynamics and long-term financial goals. We can help you evaluate trade-offs, identify funding approaches and coordinate with appropriate specialists as needed.
Common questions:
• How could long‑term care costs affect my spouse, my beneficiaries and my legacy plans?
• What options might help us plan for care without over-allocating assets to “worst case” scenarios?
Learn moreCommon questions:
• How could long‑term care costs affect my spouse, my beneficiaries and my legacy plans?
• What options might help us plan for care without over-allocating assets to “worst case” scenarios?
Charitable Giving
Charitable giving can be an extension of your values—while also requiring thoughtful planning around timing, tax considerations and impact. We can help you compare approaches to giving and align a philanthropic plan with your overall wealth strategy.
Common questions:
• How can I potentially maximize my support of the organizations I care about?
• Is there a way to create a more consistent giving plan over time?
Learn moreCommon questions:
• How can I potentially maximize my support of the organizations I care about?
• Is there a way to create a more consistent giving plan over time?
Retirement Planning
Retirement is less a date and more a transition—often shaped by lifestyle goals, family priorities and career decisions. We can help you stress-test assumptions and build a plan designed to adapt as life changes.
Common questions:
• Can my retirement plan reflect my lifestyle, family and career trajectory?
• How do I plan for market uncertainty, inflation and changing income needs?
Common questions:
• Can my retirement plan reflect my lifestyle, family and career trajectory?
• How do I plan for market uncertainty, inflation and changing income needs?
Estate Planning & Legacy
Estate planning is about clarity: who, what, when and how. While legal documents are prepared by your attorney, we can help you organize your goals, coordinate planning conversations and ensure your wealth strategy supports your legacy intentions.
Common questions:
• How do I help ensure my estate goes where I intend—people and organizations alike?
• How can I transform assets into a legacy across generations?
Estate planning questionnaireCommon questions:
• How do I help ensure my estate goes where I intend—people and organizations alike?
• How can I transform assets into a legacy across generations?
Travel Goals & Lifestyle Milestones
Lifestyle goals—like travel, a second home, or meaningful experiences—often compete with longer-term priorities. We can help you map these goals, define tradeoffs and track progress over time.
Common questions:
• Is my nest egg positioned to support my travel plans?
• Can we responsibly plan for a vacation home while keeping other goals on track?
Common questions:
• Is my nest egg positioned to support my travel plans?
• Can we responsibly plan for a vacation home while keeping other goals on track?
Cash Flow & Spending Planning
Predictable expenses are only part of the picture—life has a way of introducing surprises. We can help you understand cash inflows/outflows, establish liquidity preferences and plan for near‑term needs without losing sight of long‑term objectives.
Common questions:
• How do I plan for both known expenses and the unexpected?
• How much liquidity should I keep on hand?
Learn moreCommon questions:
• How do I plan for both known expenses and the unexpected?
• How much liquidity should I keep on hand?
Investing Aligned to Multiple Goals
Many clients aren’t investing for “one” objective—they’re balancing several. We can help you organize goals by time horizon and priority, and build an investment approach designed to align with your risk tolerance and broader plan.
Common questions:
• How can one investment strategy support multiple goals?
• How do we periodically reassess my plan as priorities change?
Common questions:
• How can one investment strategy support multiple goals?
• How do we periodically reassess my plan as priorities change?
Home Ownership & Financing Considerations
Home ownership decisions often involve tradeoffs between monthly cash flow, liquidity, interest-rate risk and other goals. We can help you frame the decision and coordinate planning considerations alongside your broader wealth strategy.
Common questions:
• What financing approach fits my broader plan?
• How do I weigh putting more down vs. keeping liquidity available?
Common questions:
• What financing approach fits my broader plan?
• How do I weigh putting more down vs. keeping liquidity available?
Liability Management & Personal Risk Considerations
Risk can show up in many forms—property exposure, liability risk, cyber risk and business-related risks. While we don’t provide legal advice, we can help you identify planning gaps and coordinate with your tax, legal and insurance professionals.
Common questions:
• How do I manage risk related to property, litigation exposure or cyber issues?
• Where might my current approach be vulnerable?
Common questions:
• How do I manage risk related to property, litigation exposure or cyber issues?
• Where might my current approach be vulnerable?
Saving for College & Education
Education planning is often about balancing competing priorities—retirement, emergency reserves, and lifestyle goals—while maintaining flexibility. We can help you estimate education costs, evaluate savings approaches and establish a clear funding plan.
Common questions:
• Will I be able to pay for my children’s (and potentially grandchildren’s) education?
• How do I balance education funding with retirement readiness?
Common questions:
• Will I be able to pay for my children’s (and potentially grandchildren’s) education?
• How do I balance education funding with retirement readiness?
Risk Management (Portfolio & Protection Planning)
Risk management includes both your investments (volatility, concentration, time horizon) and your broader financial picture (unforeseen events that could disrupt goals). We can help you evaluate alignment between your plan and your tolerance for risk.
Common questions:
• Do my investments align with my tolerance for risk and time horizon?
• Are my family and assets positioned to weather unforeseen events?
Common questions:
• Do my investments align with my tolerance for risk and time horizon?
• Are my family and assets positioned to weather unforeseen events?
Business Strategies & Concentrated Wealth
When a significant portion of wealth is tied to a business, planning can involve liquidity needs, concentration risk, succession timelines and personal financial goals. We can help you integrate personal wealth planning with business-related decisions and coordinate with your professional advisors.
Common questions:
• How do I manage personal wealth when so much is tied up in my company?
• How can I plan for liquidity events, succession or ownership transitions?
Common questions:
• How do I manage personal wealth when so much is tied up in my company?
• How can I plan for liquidity events, succession or ownership transitions?
Navigate Smarter With Our Tools and Weekly Insights
These online resources are intended to help you organize key information and stay up to date in support of your financial planning goals. The following resources may simplify day‑to‑day tasks by bringing commonly used information and updates together in one place. Our team can help you determine which tools are most relevant for your situation.
Morgan Stanley Online
Use MSO as a simple starting point for common service needs and account-related actions. Your Advisor can guide you on what’s most relevant and help ensure requests are handled efficiently.
Log in to MSO
Total Wealth View
When finances are spread across multiple places, Total Wealth View may help simplify how you track your overall picture. It’s designed to make reviews and goal discussions with your Advisor more straightforward.
Learn more
Total Tax 365
Total Tax 365 can help you keep tax-related information and planning items easier to find throughout the year—not just at tax time. It’s a practical way to support more timely conversations with our team and other tax professionals.
Learn more
GIC Weekly Report
GIC Weekly provides a regular snapshot of market and economic perspectives to help you stay informed. It can be a helpful prompt for questions to discuss with our team.
Read the most recent reportAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
40701 Woodward Ave.
Ste 200
Bloomfield Hills, MI 48304
US
Direct:
(248) 723-1818(248) 723-1818
Toll-Free:
(800) 677-6851(800) 677-6851
Meet The Stillwagon Group
Jason Drumheller, CFP®
Senior Vice President, Financial Advisor, Alternative Investments Director
Phone:
(248) 723-1878(248) 723-1878
James Gerrity, MBA
Business Development Associate, Financial Planning Specialist
Phone:
(248) 723-1876(248) 723-1876
Kaitlyn Vollbach
Registered Client Service Associate
Phone:
(248) 723-1887(248) 723-1887
About John Stillwagon
J. Patrick Stillwagon is a Financial Advisor for The Stillwagon Group Morgan Stanley Wealth Management based in the greater Detroit Metroplex. He works with individuals and families who want a steady, relationship-based approach to organizing their financial lives, helping them bring clarity to decisions, align investments with long-term priorities, and stay focused through life’s changes and market cycles.
With more than 30 years in the financial services industry, Patrick’s work centers on comprehensive wealth planning and investment management tailored to each client’s circumstances. He began his career at Prudential Securities and joined Morgan Stanley in 1994, building a practice focused on thoughtful planning, education, and collaborative client relationships.
Patrick earned a B.S. in Finance from the University of Dayton (1992) and holds the CIMA® designation (The Wharton School, 2005) and the CERTIFIED FINANCIAL PLANNER® certification (2009). He has also completed the Consulting Group University program (2004) and the Consulting Group Graduate School program (2006). His registrations include Series 7, 31, 63, and 65, along with life and health insurance licenses.
Patrick takes pride in the industry recognition of being named to the Forbes Best-In-State Wealth Management Teams list in Michigan from 2023-2026.
A lifelong Michigan resident, Patrick grew up in Farmington Hills and now lives in Bloomfield Hills with his wife, Lori, and their three children. Outside of the office, he enjoys golf and skiing and is an enthusiastic supporter of local sports teams. Above all, he values the opportunity to serve clients and their families across generations, bringing a practical, attentive approach to helping them navigate important financial decisions as their lives evolve.
Forbes Best-in-State Wealth Management Teams (2023–2026)
Source: Forbes.com (Awarded 2023–2026). Data compiled by SHOOK Research LLC based on the 12-month time period concluding in March of the year prior to the issuance of the award. https://www.morganstanley.com/disclosures/awards-disclosure/
With more than 30 years in the financial services industry, Patrick’s work centers on comprehensive wealth planning and investment management tailored to each client’s circumstances. He began his career at Prudential Securities and joined Morgan Stanley in 1994, building a practice focused on thoughtful planning, education, and collaborative client relationships.
Patrick earned a B.S. in Finance from the University of Dayton (1992) and holds the CIMA® designation (The Wharton School, 2005) and the CERTIFIED FINANCIAL PLANNER® certification (2009). He has also completed the Consulting Group University program (2004) and the Consulting Group Graduate School program (2006). His registrations include Series 7, 31, 63, and 65, along with life and health insurance licenses.
Patrick takes pride in the industry recognition of being named to the Forbes Best-In-State Wealth Management Teams list in Michigan from 2023-2026.
A lifelong Michigan resident, Patrick grew up in Farmington Hills and now lives in Bloomfield Hills with his wife, Lori, and their three children. Outside of the office, he enjoys golf and skiing and is an enthusiastic supporter of local sports teams. Above all, he values the opportunity to serve clients and their families across generations, bringing a practical, attentive approach to helping them navigate important financial decisions as their lives evolve.
Forbes Best-in-State Wealth Management Teams (2023–2026)
Source: Forbes.com (Awarded 2023–2026). Data compiled by SHOOK Research LLC based on the 12-month time period concluding in March of the year prior to the issuance of the award. https://www.morganstanley.com/disclosures/awards-disclosure/
Securities Agent: DC, WI, VA, OR, CA, SC, IN, UT, NV, GA, FL, AK, OH, NC, MI, WA, MA, CT, WY, RI, NJ, NH, MO, IA, AL, TX, MN, NM, ND, AZ, PA, MS, MD, KY, CO, LA, TN, NY, ME, IL; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1431003
NMLS#: 1431003
About Jason Drumheller
A part of the Stillwagon Group at Morgan Stanley for 20 years, Jason is committed to helping clients achieve their unique goals by focusing on a disciplined approach to financial planning and investing. He regularly builds strategies that include alternative investment options to help clients manage risk and addresses many aspects of each client’s financial planning needs beyond traditional investment management. Jason takes the time to get to know each client on a personal level so he can help them build a customized financial plan that is resilient and adaptable to their evolving needs.
Before his time in the financial services industry, Jason graduated from Lake Superior State University with a Bachelor of Science degree in business administration-management, and a minor in economics and finance. He earned the prestigious Family Wealth Advisor designation from Morgan Stanley along with attaining the CERTIFIED FINANCIAL PLANNER™ designation in 2009. Jason holds the Series 3, 7, 63, and 65 securities licenses along with a life insurance license, all of which help him broaden the services he offers to clients. He was named by Forbes as one of the Best in State Next-Gen Financial Advisors in 2019 and is proud that the Stillwagon Group was honored as one of the Forbes Best in State Wealth Management Teams in Michigan from 2023 to 2026.
Jason and his wife Rhonda are very active in the Detroit community and are involved in and support many local philanthropic organizations. Jason and his wife also share a passion for traveling, spending time with their friends and family, and golfing. Jason’s enjoyment of golf led him to a six-year commitment to being a member of the Detroit Golf Club Board of Directors. His service to the golf club culminated with his serving as the 115th president in the club’s storied history. This achievement was significant, as Jason was the youngest-serving president in the club’s more than 120 years.
2019 Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded June 2019) Data compiled by SHOOK Research LLC based on time period from 3/31/18 - 3/31/19.
2023-2026 Forbes Best-in-State Wealth Management Teams
Source: Forbes.com (Awarded 2023–2026). Data compiled by SHOOK Research LLC based on the 12-month time period concluding in March of the year prior to the issuance of the award. https://www.morganstanley.com/disclosures/awards-disclosure/
Before his time in the financial services industry, Jason graduated from Lake Superior State University with a Bachelor of Science degree in business administration-management, and a minor in economics and finance. He earned the prestigious Family Wealth Advisor designation from Morgan Stanley along with attaining the CERTIFIED FINANCIAL PLANNER™ designation in 2009. Jason holds the Series 3, 7, 63, and 65 securities licenses along with a life insurance license, all of which help him broaden the services he offers to clients. He was named by Forbes as one of the Best in State Next-Gen Financial Advisors in 2019 and is proud that the Stillwagon Group was honored as one of the Forbes Best in State Wealth Management Teams in Michigan from 2023 to 2026.
Jason and his wife Rhonda are very active in the Detroit community and are involved in and support many local philanthropic organizations. Jason and his wife also share a passion for traveling, spending time with their friends and family, and golfing. Jason’s enjoyment of golf led him to a six-year commitment to being a member of the Detroit Golf Club Board of Directors. His service to the golf club culminated with his serving as the 115th president in the club’s storied history. This achievement was significant, as Jason was the youngest-serving president in the club’s more than 120 years.
2019 Forbes Top Next-Gen Wealth Advisors
Source: Forbes.com (Awarded June 2019) Data compiled by SHOOK Research LLC based on time period from 3/31/18 - 3/31/19.
2023-2026 Forbes Best-in-State Wealth Management Teams
Source: Forbes.com (Awarded 2023–2026). Data compiled by SHOOK Research LLC based on the 12-month time period concluding in March of the year prior to the issuance of the award. https://www.morganstanley.com/disclosures/awards-disclosure/
Securities Agent: NV, CT, SC, GA, FL, AL, AK, PA, KY, DC, TX, RI, CO, MS, MN, IN, AZ, WI, NY, NC, MI, CA, WY, VA, NJ, ND, UT, NH, ME, WA, OR, MO, OH, NM, MD, MA, IL, IA, LA, TN; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1423961
NMLS#: 1423961
About James Gerrity, MBA
Jim has over 29 years of experience in the financial services industry, including 15 years as a Branch Service Manager. Jim is a true leader and mentor, and has been active in coaching and developing our staff during his 24 years with Morgan Stanley and our predecessor firms.
Continuous learning and growth have been a focus for Jim since his time as an undergraduate student at the University of Detroit Mercy. Jim holds a DBA in Data Analytics from Grand Canyon University and a PhD in Human Resource Management from Northcentral University. He also earned an MBA and M.S. in finance from Walsh College. In addition to his academic credentials, he has passed the Series 3, 4, 7, 8, 24, 27, 63, and 65 exams from the Financial Industry Regulatory Authority, as well as State of Michigan Life, Accident and Health insurance certification. Jim has also taught doctoral, graduate and undergraduate quantitative methods classes at Walsh College and Trine University.
Outside the office and the classroom, Jim enjoys volunteering at Earthworks Urban Farm. A resident of Westland, Michigan, he also enjoys spending time with his wife Tiffany and daughters Madison and Gabrielle, ghost hunting, visiting ghost towns out west, and watching college basketball.
Continuous learning and growth have been a focus for Jim since his time as an undergraduate student at the University of Detroit Mercy. Jim holds a DBA in Data Analytics from Grand Canyon University and a PhD in Human Resource Management from Northcentral University. He also earned an MBA and M.S. in finance from Walsh College. In addition to his academic credentials, he has passed the Series 3, 4, 7, 8, 24, 27, 63, and 65 exams from the Financial Industry Regulatory Authority, as well as State of Michigan Life, Accident and Health insurance certification. Jim has also taught doctoral, graduate and undergraduate quantitative methods classes at Walsh College and Trine University.
Outside the office and the classroom, Jim enjoys volunteering at Earthworks Urban Farm. A resident of Westland, Michigan, he also enjoys spending time with his wife Tiffany and daughters Madison and Gabrielle, ghost hunting, visiting ghost towns out west, and watching college basketball.
About Kaitlyn Vollbach
Kaitlyn joined The Stillwagon Group at Morgan Stanley as a Registered Client Service Associate in 2024, bringing 3 years of industry experience with her. After graduating from Oakland University with a Bachelor of Science Degree in Accounting in 2021, Kaitlyn began her career in corporate accounting before starting at Morgan Stanley.
In addition to her background in accounting Kaitlyn also holds both the Series 7 and 66 securities licenses. Kaitlyn is an integral part of the Stillwagon Group at Morgan Stanley’s service and operations team where she uses both her analytical and interpersonal skills to assist clients with their unique needs.
In her personal time Kaitlyn enjoys reading, spending time with her dog, Zeppelin and baking for family and friends.
In addition to her background in accounting Kaitlyn also holds both the Series 7 and 66 securities licenses. Kaitlyn is an integral part of the Stillwagon Group at Morgan Stanley’s service and operations team where she uses both her analytical and interpersonal skills to assist clients with their unique needs.
In her personal time Kaitlyn enjoys reading, spending time with her dog, Zeppelin and baking for family and friends.
Contact John Stillwagon
Contact Jason Drumheller
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2023-2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2023-2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
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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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
Ready to start a conversation? Contact The Stillwagon Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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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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.
4Alternative 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.
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6Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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 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.
9Morgan 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.
10Morgan 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.
11Morgan 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.
12Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan 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.
3Products 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.
4Alternative 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.
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.
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 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.
9Morgan 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.
10Morgan 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.
11Morgan 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.
12Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
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
Morgan 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 visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
