Thomas Kokjohn, CFP®, CRPS®
Senior Vice President, Wealth Management, Financial Advisor, Financial Planning Specialist, Financial Wellness Director
Phone:
(858) 674-3930(858) 674-3930
The TRC Group at Morgan Stanley
Direct:
(858) 674-3930(858) 674-3930
Toll-Free:
(888) 502-4015(888) 502-4015
Our Mission Statement
Our mission is to help our clients develop a deep sense of confidence that their retirement plans will provide financial security for their employees.
Our Story
In June 2003, Mike, Tom and Chris joined as partners with one focus: helping our clients to achieve financial confidence. Our team was built on the principles of meeting our clients' financial goals by building resilient portfolios, leading with financial planning, and understanding needs before making recommendations.
We bring a wide range of skills and extensive experience when it comes to guiding not only families’ private wealth management solutions, but also the financial needs and goals of everyone we work with, setting the tone for the long-lasting relationships we cultivate within our practice.
We bring a wide range of skills and extensive experience when it comes to guiding not only families’ private wealth management solutions, but also the financial needs and goals of everyone we work with, setting the tone for the long-lasting relationships we cultivate within our practice.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Corporate Retirement Services
Our team services 401k plans on the premise that employees need to be educated on why and how to save, and employers need to be educated on what questions to ask to ensure that their plans are efficient, compliant, and high performing.
Our vision is to change the way participants view their employers’ retirement plans by making them inspiring.
Our value proposition is to help our clients increase employee participation through education and communication, reduce plan risk and expense, and transfer work from your desk to ours.
Our vision is to change the way participants view their employers’ retirement plans by making them inspiring.
Our value proposition is to help our clients increase employee participation through education and communication, reduce plan risk and expense, and transfer work from your desk to ours.
The TRC Group: Team Brochure
With a commitment to outstanding service and an emphasis on excellence, our mission is simple: To provide objective and high quality guidance, specialized knowledge and experience, and tailored solutions to empower your organization to make informed decisions about the retirement benefits you offer your employees.
Our Team Brochure
Considerations for Retirement Plan Design
Setting up a retirement plan for your company can be an effective way for your eligible employees to
save for the future – and a quality plan design for your workplace retirement solution can help
maximize the benefits for your business and your eligible employees.
Read Moresave for the future – and a quality plan design for your workplace retirement solution can help
maximize the benefits for your business and your eligible employees.
Retirement Solutions - Focusing on Success
Through our consultative process, we strive to help you improve retirement readiness for your employees, management of your fiduciary responsibilities and risk, and the overall performance of your plan.
Learn More
Financial Wellness Brochure
Providing 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.
Read Morestress, improve retention and engagement, and set themselves apart.
Invested at Work Podcast: Secure 2.0
On this podcast, we’ll talk about what we’ve learned from the past and how you can provide your organization with some much-appreciated clarity and education around workplace financial benefits.
Listen Here
Engaging Participants for a Dream Retirement
By improving your employees’ financial wellness, you can benefit from a more productive workforce. Watch this brief video for a overview on all that Morgan Stanley's Financial Wellness Solutions has to offer.
Watch HereWorking With You
At The TRC Group, we have access to first-class resources and possess both the knowledge and experience to address your challenges now and in the future. Our priority is to understand and consult on the specific needs you have in a collaborative, professional and educational manner - one that places your goals at the center of our relationship. Below is an overview of our wealth management approach as well as some additional resources of timely and relevant information.
1. Discovery
This in-depth conversation is designed to identify what is truly important to you, so we can create a customized plan fully aligned with your goals.
2. Advise
We will work with you to develop various portfolio strategies that will help you achieve and protect the outcomes you envision for your needs, lifestyle, and family.
3. Implement
Throughout implementation of your financial plan, I look across multiple accounts and products to help you adopt solutions that are an appropriate fit for your strategy and goals for the future.
4. Progress Tracking
We will always help to track your progress as well as spending and savings to ensure you remain on track toward your financial goals.
GIC Weekly
A publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape.
Read the Latest GIC
Tax Tables
Utilize these 2023 Tax Tables to assist with your investment decisions. The table showcases the tax rate schedule, reviews the latest tax rates, and provides further information on applicable tax information.
2023 Tax Tables
Cybersecurity Checklist
Whether it’s strengthening your passwords or treating emails from unknown senders with more caution, you can take a number of steps to reduce the threat of identity theft, online scams, malware, fraud and more.
Learn More
2024 Macroeconomic Outlook
With inflation cooling, central banks around the world face a Goldilocks dilemma: If they are too easy with monetary policy, inflation could come roaring back; but if they keep policy too tight, it could trigger a recession.
2024 Macroeconomic OutlookEquity is more than shares. It’s a commitment to your employees.
That’s why we design equity compensation solutions that can grow alongside you at any stage. With tailored solutions, modern technology, hands-on guidance and dedicated service, we help you effectively administer equity while managing risk and compliance on a global scale.
For information on corporate focused resources, please view the left-hand side column of this tab. For information relevant to individual participants, please review the right-hand side column of this tab.
That’s why we design equity compensation solutions that can grow alongside you at any stage. With tailored solutions, modern technology, hands-on guidance and dedicated service, we help you effectively administer equity while managing risk and compliance on a global scale.
For information on corporate focused resources, please view the left-hand side column of this tab. For information relevant to individual participants, please review the right-hand side column of this tab.
Financial Empowerment
Any organization seeking to boost equity participation and employee share ownership needs to consider how they can structure their equity programs to achieve these goals. Watch this brief video to learn more about the possibilities available with Morgan Stanley At Work.
Watch Here
Do you Understand Your Equity Award Plan?
Many employers include some type of equity plan as part of their employee benefit package. Each type of plan has differing risks, vesting rules and tax consequences. Check out this brochure for an overview on understanding your equity award plan.
Read More
Helping Your Company and Employees Thrive
Equity compensation strategies are always shifting. Discover new trends, fresh ideas and unique perspectives to help motivate your employees and fuel your company’s next stage.
Watch Here
Equity Award Analysis
This Sample Equity Award Analysis demonstrates the various type of analysis our team can create for you based on your individual financial considerations, needs, objectives and risk tolerance.
Sample Equity Award Analysis
Shareworks
Shareworks provides innovative solutions to help employees realize the full potential of their equity benefits. The Shareworks platform offers scalable equity management solutions for all companies from start-up to IPO.
Contact Us To Learn More About Shareworks
More on Equity Compensation
We provide cutting-edge technology and end-to-end equity management solutions to help deliver what your business needs: flexibility and choice. Our scalable solutions help ease local and global implementation while streamlining equity administration with powerful and configurable technology that adapts as your company evolves.
Learn MoreEducational Events
Past Seminars
401(k) Investment Committee Training - March 7th, 2024
Retirement Investment Committee members and Human Resource Managers who want to learn more about their responsibilities overseeing a corporate retirement plan. Discussion will focus on committee governance, best practices for committee members, legislative updates and top trends for 2024.
401(k) Investment Committee Training - January 26th, 2023
Retirement Investment Committee members and Human Resource Managers who want to learn
more about their responsibilities overseeing a corporate retirement plan. Discussion will focus on
committee governance, best practices for committee members, legislative updates and top trends
for 2023.
401k Fiduciary Best Practices - November 9th, 2022
Retirement Plan committee members interested in understanding ways to reduce 401k retirement benefit costs and running a more efficient plan.
Maximize Social Security in Your Retirement Strategy - October 25th, 2022
Insightful virtual presentation to better understand the different Social Security
claiming strategies and how to optimize your social security income in retirement.
401k Fiduciary Best Practices - September 16th, 2022
Retirement Plan committee members interested in understanding ways to reduce 401k retirement benefit costs and running a more efficient plan.
401k Fiduciary Best Practices - April 29th, 2022
Retirement Plan committee members interested in understanding ways to reduce 401k retirement benefit costs and running a more efficient plan.
Market Outlook & Investment Opportunities - March 2nd, 2022
Economic positioning in 2022 and our overall Market Outlook for the year.
M&A: 401k Considerations Before and After the Transaction - December 21st, 2021
Mergers and Acquisitions can have an impact on the benefits you offer your employees. We discussed considerations before and after the transaction plan sponsors should be thinking about.
401(k) Investment Committee Annual Fiduciary Training - November 16th, 2021
Understand your administrative oversight duties and develop your fiduciary process.
401(k) Fiduciary Best Practices - October 28th, 2021
Retirement Plan committee members interested in understanding ways to reduce 401k retirement benefit costs and running a more efficient plan.
Location
16644 West Bernardo Dr
Suite 400
San Diego, CA 92127
US
Direct:
(858) 674-3930(858) 674-3930
Toll-Free:
(888) 502-4015(888) 502-4015
Meet The TRC Group
Michael P Roberts, CFP®, CIMA®, C(k)P®
Senior Vice President, Wealth Management, Financial Advisor, Corporate Retirement Director, Workplace Advisor - Equity Compensation, Financial Wellness Director
Phone:
(858) 674-3904(858) 674-3904
Christopher Lelli
Portfolio Associate, Client Service Associate
About Thomas Kokjohn
Tom brings over 20 years of experience working closely with individuals, families, and companies to provide a wide range of services to help our clients achieve financial security. Tom is committed to providing a personalized plan when helping families and individuals understand their unique financial position and achieve their financial goals. Key to that successful relationship, Tom believes in the importance of education on financial planning and investment strategy, mapping out a plan to build and maintain generational wealth for you and your family.
Tom has also been providing a wide range of retirement plan services to employers and plan participants since 2001. He focuses on creating comprehensive employee education programs for participants, specializing in on-site group meetings, one-on-one financial planning, and participant transition consulting. His passion for education is most evident by the amount of time he spends with participants to simplify investing, describing complicated topics in an easy-to-understand manner and empowering participants to be confident investors.
Tom holds several noteworthy designations, having been recognized for his work with families, plan sponsors, and participants. Tom is a Certified Financial Planner™, working closely with individuals and families to design a road map for a successful financial future. Additionally, The Financial Times named him to its prestigious list of America’s Top 401 Retirement Plan Advisors In 2015, 2017, and 2018. Tom is also a Corporate Retirement Director, representing less than 2% of Financial Advisors identified by Morgan Stanley as a retirement-focused Financial Advisors. Additionally, The TRC Group at Morgan Stanley was named to the 2024 Forbes List of Best-In-State Wealth Management Teams, a reflection of our commitment to both our clients and Morgan Stanley.
A graduate of California State University, San Marcos, Tom holds a B.A. degree in Business Administration. He has also earned an academic certificate in Personal Financial and Estate Planning from San Diego State University through SDSU’s graduate school of business. Tom lives in 4S Ranch in San Diego, CA, with Shannon, his wife and their three children. He spends weekends coaching their sports teams and enjoys golfing, surfing, traveling, and camping with his family in what he calls “the great outdoors.”
2015, 2017, 2018 Financial Times 401 Top Retirement Advisors
Source: ft.com. Data compiled by the Financial Times based the following time periods:
Awarded 2018; Data 12/31/15 - 12/31/17
Awarded 2017; Data 12/31/14 - 12/31/16
Awarded 2015; Data 9/30/13 -9/30/14
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23. (https://www.morganstanley.com/disclosures/awards-disclosure/)
Tom has also been providing a wide range of retirement plan services to employers and plan participants since 2001. He focuses on creating comprehensive employee education programs for participants, specializing in on-site group meetings, one-on-one financial planning, and participant transition consulting. His passion for education is most evident by the amount of time he spends with participants to simplify investing, describing complicated topics in an easy-to-understand manner and empowering participants to be confident investors.
Tom holds several noteworthy designations, having been recognized for his work with families, plan sponsors, and participants. Tom is a Certified Financial Planner™, working closely with individuals and families to design a road map for a successful financial future. Additionally, The Financial Times named him to its prestigious list of America’s Top 401 Retirement Plan Advisors In 2015, 2017, and 2018. Tom is also a Corporate Retirement Director, representing less than 2% of Financial Advisors identified by Morgan Stanley as a retirement-focused Financial Advisors. Additionally, The TRC Group at Morgan Stanley was named to the 2024 Forbes List of Best-In-State Wealth Management Teams, a reflection of our commitment to both our clients and Morgan Stanley.
A graduate of California State University, San Marcos, Tom holds a B.A. degree in Business Administration. He has also earned an academic certificate in Personal Financial and Estate Planning from San Diego State University through SDSU’s graduate school of business. Tom lives in 4S Ranch in San Diego, CA, with Shannon, his wife and their three children. He spends weekends coaching their sports teams and enjoys golfing, surfing, traveling, and camping with his family in what he calls “the great outdoors.”
2015, 2017, 2018 Financial Times 401 Top Retirement Advisors
Source: ft.com. Data compiled by the Financial Times based the following time periods:
Awarded 2018; Data 12/31/15 - 12/31/17
Awarded 2017; Data 12/31/14 - 12/31/16
Awarded 2015; Data 9/30/13 -9/30/14
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23. (https://www.morganstanley.com/disclosures/awards-disclosure/)
Securities Agent: MI, IA, AK, VT, AL, TN, PR, NJ, ND, MN, MA, CO, AZ, TX, NE, KY, KS, IL, HI, CT, DE, WV, MS, SC, WA, UT, SD, LA, GA, CA, VA, RI, OH, NY, IN, DC, NV, OR, WY, NH, MO, ME, MD, ID, FL, AR, WI, PA, OK, NM, NC, MT; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1818339
CA Insurance License #: 0D36160
NMLS#: 1818339
CA Insurance License #: 0D36160
About Michael P Roberts
Mike is a Corporate Retirement Director, Portfolio Manager and Certified Financial Planner and a member of the TRC Group at Morgan Stanley working with both corporate and private wealth clients.
For more than thirty years, Mike has dedicated his career to helping corporate retirement plan clients understand, create, and manage retirement plans that meet and anticipate their unique needs and fiduciary responsibilities. He has extensive experience and holds several titles that underscore his unwavering commitment to this highly detailed area of financial services. Mike works closely with employers to develop a best practices approach to managing all aspects of their retirement plan – from providing them with the most competitive plan, to helping them manage their fiduciary liability, to protecting their many interests.
In addition, Mike brings a wealth of experience helping to bridge a comprehensive financial plan with investment management. With a keen understanding of market dynamics, risk assessment, and client goals, he can design and implement robust investment strategies designed to meet individual financial objectives. By leveraging the Morgan Stanley resources, he can provide individuals and families with sophisticated insights and disciplined approach to navigate the complexities of the financial landscape, ensuring their wealth works optimally for their future.
While building his business across a broad spectrum of diverse industries, Mike has earned numerous designations. He holds the Certified Investment Management Analyst™ Designation from the Haas School of Business UC Berkeley and is a member of the Investment Management Consultants Association (IMCA). Mike earned the Certified Financial Planner™ Designation from Boston University and is a member of the Financial Planning Association. He is also a member of the National Association of Plan Advisors, a sister organization of the American Society of Pension Professionals & Actuaries. Most recently, Mike earned his Certified 401(k) Professional designation through The Retirement Advisor University at UCLA. Additionally, The TRC Group at Morgan Stanley was named to the 2024 Forbes List of Best-In-State Wealth Management Teams, a reflection of our commitment to both our clients and Morgan Stanley.
Mike has been married to his lovely wife Sandra for 27 years. They have four children, each of whom excels as student and athletes. Mike and Sandra have routinely exhibited an unwavering commitment to education and hard work, which, they believe, has contributed significantly to their children’s success. Mike and his family live in 4S Ranch, CA. In his spare time, Mike enjoys riding his motorcycle, travel, and coaching youth sports.
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23. (https://www.morganstanley.com/disclosures/awards-disclosure/)
For more than thirty years, Mike has dedicated his career to helping corporate retirement plan clients understand, create, and manage retirement plans that meet and anticipate their unique needs and fiduciary responsibilities. He has extensive experience and holds several titles that underscore his unwavering commitment to this highly detailed area of financial services. Mike works closely with employers to develop a best practices approach to managing all aspects of their retirement plan – from providing them with the most competitive plan, to helping them manage their fiduciary liability, to protecting their many interests.
In addition, Mike brings a wealth of experience helping to bridge a comprehensive financial plan with investment management. With a keen understanding of market dynamics, risk assessment, and client goals, he can design and implement robust investment strategies designed to meet individual financial objectives. By leveraging the Morgan Stanley resources, he can provide individuals and families with sophisticated insights and disciplined approach to navigate the complexities of the financial landscape, ensuring their wealth works optimally for their future.
While building his business across a broad spectrum of diverse industries, Mike has earned numerous designations. He holds the Certified Investment Management Analyst™ Designation from the Haas School of Business UC Berkeley and is a member of the Investment Management Consultants Association (IMCA). Mike earned the Certified Financial Planner™ Designation from Boston University and is a member of the Financial Planning Association. He is also a member of the National Association of Plan Advisors, a sister organization of the American Society of Pension Professionals & Actuaries. Most recently, Mike earned his Certified 401(k) Professional designation through The Retirement Advisor University at UCLA. Additionally, The TRC Group at Morgan Stanley was named to the 2024 Forbes List of Best-In-State Wealth Management Teams, a reflection of our commitment to both our clients and Morgan Stanley.
Mike has been married to his lovely wife Sandra for 27 years. They have four children, each of whom excels as student and athletes. Mike and Sandra have routinely exhibited an unwavering commitment to education and hard work, which, they believe, has contributed significantly to their children’s success. Mike and his family live in 4S Ranch, CA. In his spare time, Mike enjoys riding his motorcycle, travel, and coaching youth sports.
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23. (https://www.morganstanley.com/disclosures/awards-disclosure/)
Securities Agent: IN, GA, PA, ND, MI, IL, FL, DC, CA, AL, AK, TX, OR, NM, MD, LA, KY, IA, MN, CT, VT, VI, VA, NE, MT, CO, AZ, MO, WY, WA, SD, SC, NJ, NH, DE, UT, NV, MA, ID, OH, AR, WI, RI, PR, MS, ME, TN, NY, HI, OK, NC, KS; General Securities Representative; Investment Advisor Representative
NMLS#: 1820866
CA Insurance License #: 0C53474
NMLS#: 1820866
CA Insurance License #: 0C53474
About Christopher Lelli
Chris has nearly two decades of experience in financial services. For most of his career, he has specialized in serving the many needs of retirement plan clients, such as Human Resource Managers, and plan participants. In fact, Chris views his role as an extension of a company's Human Resource department, because he frees up time for clients to spend on other areas of their business.
As a Morgan Stanley Portfolio Associate, and the dedicated relationship manager for the TRC Group at Morgan Stanley, he handles most of the day-to-day duties that ensure each client's satisfaction with their retirement plan. This includes coordinating education and enrollment support to plan participants, coordinating the distribution of monthly newsletters, and scheduling quarterly plan reviews with Plan Sponsors.
While Chris possesses many positive attributes, he is perhaps best known for his strong communication skills. Whether a Plan Sponsor would like specific information on a particular investment or a plan participant requires education on asset allocation, he has the expertise and the ability to deliver The TRC Group's investment philosophy in simple, easy-to-understand terms.
Overall, Chris strives to develop and maintain a solid personalized relationship with each of the Group's clients. Or as he likes to say, No one is a number with us.
Chris is a graduate of San Diego State University and lives in San Diego, CA with his lovely wife Carla, with whom he has been married for years, and their ten-year-old daughter Katherine. He enjoys cooking, hiking, golf, going to the theater and doing all those things that parents typically do.
As a Morgan Stanley Portfolio Associate, and the dedicated relationship manager for the TRC Group at Morgan Stanley, he handles most of the day-to-day duties that ensure each client's satisfaction with their retirement plan. This includes coordinating education and enrollment support to plan participants, coordinating the distribution of monthly newsletters, and scheduling quarterly plan reviews with Plan Sponsors.
While Chris possesses many positive attributes, he is perhaps best known for his strong communication skills. Whether a Plan Sponsor would like specific information on a particular investment or a plan participant requires education on asset allocation, he has the expertise and the ability to deliver The TRC Group's investment philosophy in simple, easy-to-understand terms.
Overall, Chris strives to develop and maintain a solid personalized relationship with each of the Group's clients. Or as he likes to say, No one is a number with us.
Chris is a graduate of San Diego State University and lives in San Diego, CA with his lovely wife Carla, with whom he has been married for years, and their ten-year-old daughter Katherine. He enjoys cooking, hiking, golf, going to the theater and doing all those things that parents typically do.
Contact Thomas Kokjohn
Contact Michael P Roberts
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
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
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Family
Creating customized financial strategies for the challenges that today’s families face.
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
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Financial Planning for Life After Selling a Business
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Retirement for Plan Sponsors
End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
- Plan Evaluation
- Investment Management
- Plan Management Support
- Plan Participant Education
State of the Workplace Study 2023
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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 TRC 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.
1When 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Morgan 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.
4Investors 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.
5Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan 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
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.
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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
1When 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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
3Morgan 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.
4Investors 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.
5Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan 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
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.
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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.
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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
CRC 6491812 (04/2024)
