Managing Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director
Phone:
(732) 435-2225(732) 435-2225
The Tobias Group at Morgan Stanley
Direct:
(732) 435-2225(732) 435-2225
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life and legacy goals
Welcome
The Tobias Group at Morgan Stanley is committed to understanding your unique financial objectives. Together, we will develop and implement a comprehensive long-term investment plan. Whether it be retirement planning, trust services, education funding, IRA rollovers, money management, insurance or lending services, the experienced professionals located in New Brunswick, New Jersey are ready to draw on the resources of the Firm to help you reach your specific wealth management goals.
Services Include
- Wealth ManagementFootnote1
- Professional Portfolio ManagementFootnote2
- Fixed IncomeFootnote3
- Alternative InvestmentsFootnote4
- Cash Management and Lending ProductsFootnote5
- Financial PlanningFootnote6
- Retirement PlanningFootnote7
- Planning for Education FundingFootnote8
- 529 PlansFootnote9
- Estate Planning StrategiesFootnote10
- Trust AccountsFootnote11
- Life InsuranceFootnote12
- Long-term Care InsuranceFootnote13
- Philanthropic ManagementFootnote14
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
How we can serve you and your family
We help people just like you, in various stages of life.
We understand that your specific circumstances may require unique solutions. No problem: we’ll work with you individually to develop detailed wealth plans and thoughtful strategies.
We understand that your specific circumstances may require unique solutions. No problem: we’ll work with you individually to develop detailed wealth plans and thoughtful strategies.
Our satisfied clients include:
- Business Owners (including family businesses)
- Corporate executives
- High net worth young investors
- Mid-career professionals and their families
- Families navigating generational wealth
- High net worth professionals approaching or in retirement
Recognition
Mark Tobias Named to Barron's "Top 1,200 Financial Advisors" for the 13th Consecutive Year
Barron's Top 1,200 Financial Advisors
(Source: Barron's - Awarded Mar 2025. Data compiled by Barron's based on time period from Oct 2023 - Sept 2024. Awards Disclosures).
See Press Release for Details(Source: Barron's - Awarded Mar 2025. Data compiled by Barron's based on time period from Oct 2023 - Sept 2024. Awards Disclosures).
Mark Tobias Ranked #3 in 2023 and 2024 Forbes "Best-In-State Wealth Advisors" List (New Jersey - North NJ Region)
Source: Forbes (Awarded Apr 2024). Data compiled by SHOOK Research LLC based on time period from 6/30/22 - 6/30/23. mgstn.ly/3xkqypd
See Press Release for Details
Andrew Mercuri, CFP® Named to Forbes Magazine's List of "Top Next-Gen Wealth Advisors Best-In-State"
2024 Forbes Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-In-State
Source: Forbes.com (Awarded Aug 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/23–3/31/24.
Awards Disclosures
See Press Release for DetailsSource: Forbes.com (Awarded Aug 2024) Data compiled by SHOOK Research LLC based on time period from 3/31/23–3/31/24.
Awards Disclosures
The Tobias Group Named to Forbes Magazine's "Best-In-State Wealth Management Teams"
2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period from 3/31/23–3/31/24.
Awards Disclosures
See Press Release for DetailsSource: Forbes.com (Awarded Jan 2025) Data compiled by SHOOK Research LLC based for the period from 3/31/23–3/31/24.
Awards Disclosures
Morgan Stanley Tools & Resources
Morgan Stanley & The Tobias Group offers a robust platform of digital tools and investment resources for our clients. These tools enhance our client's ability to understand their full financial picture and maximize their experience with our team.
Morgan Stanley Online
Morgan Stanley Online allows you to seamlessly and securely manage your investments and everyday finances in one place.
Register for Morgan Stanley Online today
Digital Vault
Digital Vault lets you easily and securely manage and share important documents such as account statements, authorizations, tax filings and other relevant documents with your Financial Advisor.
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Financial Planning
Morgan Stanley Financial Planning can show you a single, comprehensive snapshot of your finances. We can help you create a wealth plan that’s adaptable to the different stages of your life using our award winning tools- Goals Planning System (GPS) and LifeView.
Morgan Stanley Goals-Based Wealth Management
Global Investment Office
The Morgan Stanley Global Investment Office provides you with world-class thought leadership timely market commentary, and portfolio ideas to help guide your investment decisions.
Morgan Stanley Portfolio InsightsLocation
340 Mount Kemble Avenue
Morristown, NJ 07960
US
Direct:
(732) 435-2225(732) 435-2225
Meet The Tobias Group
Phone:
(732) 435-2274(732) 435-2274
Phone:
(732) 846-2803(732) 846-2803
Mary Perrone
Vice President, Portfolio Management Associate, Financial Planning Specialist
Phone:
(732) 435-2233(732) 435-2233
Csilla M. Daloia
Vice President, Portfolio Management Associate
Phone:
(732) 435-2249(732) 435-2249
Jordan Kizmann, CFP®
Wealth Management Analyst
Phone:
(732) 435-2213(732) 435-2213
About Mark Tobias
Mark Tobias brings more than 40 years of experience to his role as a Senior Portfolio Management Director and Financial Advisor.
Mark has always had a fascination for the stock market from picking stocks with his grandmother around the kitchen table as a child to helping his friends start their investment portfolios in college. Now entering his 5th decade with Morgan Stanley and its predecessor firms, Mark’s passion for the stock market and helping to grow and preserve wealth for his clients has not waivered.
He began his career in 1983 at Morgan Stanley and was an early adopter of bespoke professional money management as reflected in the 20+ year track record of his primary equity and covered call portfolio. Mark’s extensive industry experience and unique approach to wealth management has earned him consistent recognition as one of the top financial advisors within Morgan Stanley and the United States.
Mark’s enthusiasm and pursuit of delivering a world class experience for his clients is embraced and amplified by The Tobias Group. The Team has been intentionally built over more than two decades to provide holistic wealth management services to high net-worth individuals and their families across multiple generations.
Mark believes balance is vital to a happy life. He currently resides in Princeton, New Jersey with his wife Lisa. They enjoy playing pickleball, cycling and travelling, but their greatest joy is spending quality time with their grandchildren.
2010-2024 Barron's Top 1,200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2022) Data compiled by Barron's based on time period from Sept 2022 - Sept 2023.
Mark has always had a fascination for the stock market from picking stocks with his grandmother around the kitchen table as a child to helping his friends start their investment portfolios in college. Now entering his 5th decade with Morgan Stanley and its predecessor firms, Mark’s passion for the stock market and helping to grow and preserve wealth for his clients has not waivered.
He began his career in 1983 at Morgan Stanley and was an early adopter of bespoke professional money management as reflected in the 20+ year track record of his primary equity and covered call portfolio. Mark’s extensive industry experience and unique approach to wealth management has earned him consistent recognition as one of the top financial advisors within Morgan Stanley and the United States.
Mark’s enthusiasm and pursuit of delivering a world class experience for his clients is embraced and amplified by The Tobias Group. The Team has been intentionally built over more than two decades to provide holistic wealth management services to high net-worth individuals and their families across multiple generations.
Mark believes balance is vital to a happy life. He currently resides in Princeton, New Jersey with his wife Lisa. They enjoy playing pickleball, cycling and travelling, but their greatest joy is spending quality time with their grandchildren.
2010-2024 Barron's Top 1,200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2022) Data compiled by Barron's based on time period from Sept 2022 - Sept 2023.
NMLS#: 1285385
About Jordan Krantz
Jordan Krantz is a third generation Financial Advisor, following in the footsteps of both his Grandfather and Father before him. He has over 25 years of industry experience; he has been a Financial Advisor for more than twenty of those years. As a Financial Advisor, Jordan can help you define and strive to meet your goals by delivering a vast array of resources to you in a way that is most appropriate for how you invest and what you want to achieve. His vast experience has helped his clients navigate the financial markets through good times and bad. In addition, Jordan has access to some of the world’s most seasoned, respected investment professionals, a premiere trading and execution platform and a full spectrum of investment choices. Jordan is Series 7, Series 63, Series 65 and Life and Health Insurance licensed and was recently promoted to First Vice President at Morgan Stanley.
Jordan was born and raised in East Brunswick New Jersey, summering at the Jersey shore. He also enjoys spending time in his favorite city, New Orleans, where he met his wife Kristina and his two step-children, twins Jordan and Jayden. As a self-proclaimed music fanatic, Jordan enjoys live music and tinkering on the piano, guitar and drums. He is also passionate about his favorite sports team, the New York Giants.
NMLS #1371433
Jordan was born and raised in East Brunswick New Jersey, summering at the Jersey shore. He also enjoys spending time in his favorite city, New Orleans, where he met his wife Kristina and his two step-children, twins Jordan and Jayden. As a self-proclaimed music fanatic, Jordan enjoys live music and tinkering on the piano, guitar and drums. He is also passionate about his favorite sports team, the New York Giants.
NMLS #1371433
NMLS#: 1371433
About Andrew Mercuri
Andrew Mercuri is dedicated to helping highly successful families address their complex financial needs.
He began his financial services career at Morgan Stanley in 2017 where he is committed to delivering the outstanding level of service his clients expect and deserve. Andrew takes the time to truly understand the unique and evolving needs of the families that he works with to ensure they are on track to achieve their short- and long-term goals.
Andrew graduated from Indiana University in 2010 and completed the extensive coursework and exam required to obtain his CERTIFIED FINANCIAL PLANNER™ certification in 2019. Andrew has been consistently named to the Firm’s Pacesetter’s Club, a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first-class client service.
Andrew lives in Morristown, NJ with his wife, Danielle, and two children. When not in the office, Andrew enjoys spending time with his family, an occasional round of Golf, and being active in his community.
He began his financial services career at Morgan Stanley in 2017 where he is committed to delivering the outstanding level of service his clients expect and deserve. Andrew takes the time to truly understand the unique and evolving needs of the families that he works with to ensure they are on track to achieve their short- and long-term goals.
Andrew graduated from Indiana University in 2010 and completed the extensive coursework and exam required to obtain his CERTIFIED FINANCIAL PLANNER™ certification in 2019. Andrew has been consistently named to the Firm’s Pacesetter’s Club, a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first-class client service.
Andrew lives in Morristown, NJ with his wife, Danielle, and two children. When not in the office, Andrew enjoys spending time with his family, an occasional round of Golf, and being active in his community.
NMLS#: 1663886
About Mary Perrone
Mary began her career in the financial services industry in 1987 and joined Morgan Stanley in 2005. She currently holds her Series 7, 63, and 67 licenses and has been a Portfolio Management Associate since 2010.
As a Portfolio Management Associate, she is a skilled and dedicated point of contact for our clients and supports the daily management of client portfolios. With more than 35 years of industry experience, Mary spearheads operations and administration for the team.
Mary is a lifelong resident of Staten Island and lover of country music. She enjoys spending time with her husband Steven and daughter Meagan and day trips to the beach.
As a Portfolio Management Associate, she is a skilled and dedicated point of contact for our clients and supports the daily management of client portfolios. With more than 35 years of industry experience, Mary spearheads operations and administration for the team.
Mary is a lifelong resident of Staten Island and lover of country music. She enjoys spending time with her husband Steven and daughter Meagan and day trips to the beach.
About Csilla M. Daloia
Csilla began her financial career on Wall Street in 1986. She joined our predecessor firm, Smith Barney in 1993 as a Registered Associate and has been working with the Tobias Group since 1997. She completed the Portfolio Management Associate program in 2009 and holds her Series 7, 63 and 66 licenses. Most recently, Csilla celebrated her 30th anniversary with the Firm and received the 30 Year Loyal Service Award.
As a Portfolio Management Associate, she supports the team in the daily management of client portfolios as well as the operation of the Tobias Group. Csilla is highly involved in all aspects of the team’s relationships to ensure that clients receive exceptional service. Csilla is a dedicated and knowledgeable resource for our clients and team, with more than 37 years of industry experience and focuses in trusts, retirement, cash management, lending, and estate settlements.
Csilla was born in Transylvania and is fluent in Hungarian. Her interests outside of work revolve around her family and friends. She enjoys cooking, music and a relaxing day at the beach.
As a Portfolio Management Associate, she supports the team in the daily management of client portfolios as well as the operation of the Tobias Group. Csilla is highly involved in all aspects of the team’s relationships to ensure that clients receive exceptional service. Csilla is a dedicated and knowledgeable resource for our clients and team, with more than 37 years of industry experience and focuses in trusts, retirement, cash management, lending, and estate settlements.
Csilla was born in Transylvania and is fluent in Hungarian. Her interests outside of work revolve around her family and friends. She enjoys cooking, music and a relaxing day at the beach.
About Jordan Kizmann, CFP®
Jordan is a Wealth Management Analyst at The Tobias Group. A 2016 graduate of Rutgers University, Jordan transitioned into the financial services industry in 2019 when she joined Morgan Stanley. She currently holds her series 7, 66, 9 and 10 certifications. Jordan’s primary responsibilities include cultivating deep relationships with clients to help them with the financial planning process, assisting in portfolio management, and conducting relevant market research.
Jordan resides in Somerville, NJ. In her free time, she enjoys spending time outside with her extended family, rock-climbing, and running.
Jordan resides in Somerville, NJ. In her free time, she enjoys spending time outside with her extended family, rock-climbing, and running.
Contact Mark Tobias
Contact Jordan Krantz
Contact Andrew Mercuri
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
Lauren Akers
Private Banker
About Lauren Akers
Lauren Akers is a Private Banker serving Morgan Stanley Wealth Management offices in New Jersey.
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.
Lauren began her career in financial services in 2011, and joined Morgan Stanley in 2013 as a Regional Transaction Manager for the Home Loans Division. Prior to joining the firm, she served as a Credit Analyst at PHH Mortgage.
Lauren is a graduate of Rider University, where she received a Bachelor of Science in Business Administration with a concentration in Finance. She and her family currently reside in Chesterfield, NJ. Outside of the office, Lauren dedicates her time to her family and a number of volunteer activities. Lauren also enjoys spending time with her 2 kitties, cooking, baking, reading, gardening, shopping. traveling and going to the beach. She remains active by exercising and participating in 5K runs.
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.
Lauren began her career in financial services in 2011, and joined Morgan Stanley in 2013 as a Regional Transaction Manager for the Home Loans Division. Prior to joining the firm, she served as a Credit Analyst at PHH Mortgage.
Lauren is a graduate of Rider University, where she received a Bachelor of Science in Business Administration with a concentration in Finance. She and her family currently reside in Chesterfield, NJ. Outside of the office, Lauren dedicates her time to her family and a number of volunteer activities. Lauren also enjoys spending time with her 2 kitties, cooking, baking, reading, gardening, shopping. traveling and going to the beach. She remains active by exercising and participating in 5K runs.
NMLS#: 1457897
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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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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
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
Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Donor Advised Funds: A Smart Way to Manage Your Giving
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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
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Tobias Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
3Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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.
5Morgan 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
6Morgan 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.
7When 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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
9Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
10Morgan 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.
11Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Products 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
3Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
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.
5Morgan 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
6Morgan 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.
7When 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.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
9Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
10Morgan 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.
11Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Products 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.
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Awards Disclosures
CRC 6491812 (04/2024)
