Christopher Vane, CRPC®, QPFC
First Vice President, Financial Advisor, Senior Portfolio Manager
Phone:
(302) 644-6634(302) 644-6634
The Vane Keck Team at Morgan Stanley
Direct:
(302) 644-6600(302) 644-6600
Toll-Free:
(800) 258-3131(800) 258-3131
Our Mission Statement
We are committed to helping our clients achieve financial success, no matter the stage in life, through open discussion, diligent planning, considered money management, and timely advice.
About Us
Whether you are looking to transition out of the family business, to move from your career into retirement, to ascend the corporate ladder from one job position to the next, or to help your children take the next step from high school to college, our team is focused on helping individuals, at many stages in life, to successfully transition from one “known” to an “unknown.”
We strongly emphasize the financial planning process and we utilize our collective 80+ years of service in the financial industry to provide our clients with thoughtful, effective, and timely advice to help them tackle whatever is facing them in their financial lives.
Our team is built on the success of Morgan Stanley, a corporation that has stood the test of time for nearly 100 years. Our firm provides our team with powerful financial planning software, extensive investment analysis research, and countless business professionals specifically suited to address your unique needs.
Through frequent conversations with our clients, comprehensive financial planning, and considered analysis of investments, we strive to not just be “stock-pickers,” but to be trusted advisors who are here to walk through life with our clients every step of the way.
We strongly emphasize the financial planning process and we utilize our collective 80+ years of service in the financial industry to provide our clients with thoughtful, effective, and timely advice to help them tackle whatever is facing them in their financial lives.
Our team is built on the success of Morgan Stanley, a corporation that has stood the test of time for nearly 100 years. Our firm provides our team with powerful financial planning software, extensive investment analysis research, and countless business professionals specifically suited to address your unique needs.
Through frequent conversations with our clients, comprehensive financial planning, and considered analysis of investments, we strive to not just be “stock-pickers,” but to be trusted advisors who are here to walk through life with our clients every step of the way.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Professional Portfolio ManagementFootnote3
- Retirement PlanningFootnote4
- Planning for Education FundingFootnote5
- Cash ManagementFootnote6
- Lending Products
- 401(k) Rollovers
- Long Term Care InsuranceFootnote7
- Life InsuranceFootnote8
- Estate Planning StrategiesFootnote9
- Philanthropic Services
- Sustainable InvestingFootnote10
- Qualified Retirement PlansFootnote11
- Precious MetalsFootnote12
- Municipal BondsFootnote13
- Fixed IncomeFootnote14
- Exchange Traded FundsFootnote15
- Endowments and FoundationsFootnote16
- Divorce Financial AnalysisFootnote17
- 529 PlansFootnote18
- Corporate Retirement PlansFootnote19
- Corporate Investment SolutionsFootnote20
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
OUR SUITE OF SERVICES
Retirement Planning
We especially enjoy assisting you as you approach retirement. We will make sure your financial choices reflect your goals and help you shift from wealth accumulation to income management and wealth transfer strategies.
Young Professional Planning
Our team enjoys assisting young professionals manage their finances, make informed investment decisions, and plan for retirement. We also offer guidance on tax-efficient strategies and risk management, ensuring that you are on track to achieve your financial goals.
Death and Estate Planning Strategy
Our team can help by creating a comprehensive plan that takes into account your assets, liabilities, and future financial goals. This includes strategies for maximizing the distribution of assets to beneficiaries, minimizing taxes and other expenses, and ensuring your wishes for your estate are carried out.
Cash Management
We can help your family with cash management, budget issues, advice on large purchases, or even help your child understand investments.
Small Business Planning
Our team can provide guidance in creating and implementing a solid financial strategy, maximizing tax efficiencies, and managing cash flow for your businesses. We also offer insight on investment opportunities and retirement planning to achieve long-term financial goals.
Education Planning
Planning for higher education is one of the many goals we take pride in assisting our clients with. Seeing these goals turn into achievements inspires us to go above and beyond for our clients.
The Vane Keck Method
Whatever your financial goal - whether to grow your wealth, preserve it or pass it on to others, you can count on us to help you with a strategy that is flexible to your wants and needs. Below is the process we take when meeting a new prospective client.
1. Introduction
We begin with an informal conversation to understand your financial concerns and determine how we can add value. If we all agree to move forward, we’ll schedule our next meeting and request important financial information.
2. Discovery
We continue the dialogue we started, learning about the values that shape your decisions and identifying any unique circumstances around your wealth. We review the documents you prepared and begin to define your priorities and timelines.
3. Analysis and Plan Development
Here, we utilize industry-leading financial planning tools to develop a personalized and detailed financial plan with specific recommendations to help you grow and preserve your wealth. This serves as the foundation for building your initial plan, as well as future wealth management decisions.
Financial Planning Brochure
4. Plan Presentation
In this step, we will present your financial plan that includes an investment portfolio that aligns your investments with your goals, timeframe, and risk level. We also discuss other wealth management solutions that may include risk management techniques.
5. Implementation
Upon your approval of my recommendations, we begin to implement the strategies outlines in the plan. Once assets have been transferred to Morgan Stanley and are aligned with your investment strategy, walk you through the details of your new statement and introduce all of the tools and recourses available to you.
6. Continued Service and Care
Committed to premium service, we focus on developing a relationship that provides special value to you and your family. As we begin to implement each strategy, we also want to continue to provide top tier attention to stay on top of those financial objectives and maintain a strong relationship with you.
INSIGHTS FOR MARKET RESEARCH
We strive to simplify complex financial ideas into a digestible format so that our clients can truly understand the work which goes into planning for their financial futures. We are firm believers in providing our clients with as many resources as possible so that they may stay informed on the latest market trends, analyses, and outlooks. The resources below provide in-depth analysis on current market events and finance topics that are affecting the business world today.
Global Investment Committee on the Markets Monthly Report
A monthly publication that summarizes the Global Investment Committee’s market outlook and contains thought-provoking essays that examine the forces shaping the investment landscape.
Click Here
On the Markets Research Report
Detailed market commentary from Morgan Stanley's thought leaders on topics such as global equities, fixed income, monetary policy and more.
Click Here
Thoughts on the Market
From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets.
Listen Here
2024 Federal Tax Tables
Here are the federal tax tables for 2024 to assist with your investment decisions.
Click Here
Morgan Stanley Ideas
The Morgan Stanley Ideas Podcast brings you revealing stories about the world of business, finance, technology and beyond.
Listen HerePERSONALIZED SOLUTIONS
From buying a home to rolling over your 401(k) to leaving a lasting legacy, we are here to answer your financial questions and implement the best strategies for your specific goals and circumstances. Here are just some of the questions we help our clients answer every day.
Financial Planning
Life is constantly changing. How do I prepare for a more secure future knowing that certain events – like a divorce or a death in the family – can dramatically impact my plans?
Retirement Planning
Have I saved enough for retirement so I can maintain my current lifestyle without worrying I’ll run out of money? What is the best way to re-invest my 401(k) when I get ready to leave my company and retire?
Asset Organization
I have assets spread across multiple organizations and platforms. How do I get organized and simplify my financial life?
Managing Risk
Life’s risks can reveal themselves in many ways – from loss of life to loss of health. How do I protect myself and my family from life’s unknowns?
Professional Portfolio Management
I have so many things I want to do with my life. How can one investment strategy balance them all?
Socially-Responsible Investing
Is there a way to incorporate my personal values into the way I invest without giving up performance?
Charitable Giving
Are my charitable donations having the impact I want them to have?
Growing Older
Given extended life expectancy, how do I make certain I can afford the health services I may need?
Location
55 Cascade Lane
Rehoboth Beach, DE 19971
US
Direct:
(302) 644-6600(302) 644-6600
Toll-Free:
(800) 258-3131(800) 258-3131
Fax:
(302) 358-2889(302) 358-2889
Meet The Vane Keck Team
David Christopher Keck, CFP®, CEPA®
First Vice President, Financial Advisor, Senior Portfolio Manager
Phone:
(302) 644-6625(302) 644-6625
Andrew Harrison Keck, CFP®, CEPA®
Financial Advisor, Portfolio Manager, Financial Planning Specialist
Phone:
(302) 644-6623(302) 644-6623
Terry Warrington
Senior Registered Client Service Associate
Phone:
(302) 644-6611(302) 644-6611
About Christopher Vane
Chris provides thoughtful, broad view investment analysis for our clients. He studies the current economic landscape, market trends, and macroeconomic data to modify, adjust, and rebalance client portfolios.
Prior to joining Morgan Stanley, Chris served as an auditor for two local banks. His experience as a financial advisor since 1994, in addition to his auditing background, has honed his analytical skills and given Chris deep insight into complex financial operations. He leverages this knowledge and experience to provide seasoned advice and service for our clients.
Chris earned a Bachelor of Science degree in Liberal Arts from Salisbury University. He is licensed as a CHARTERED RETIREMENT PLANNING COUNSELOR®, an accredited designation that qualifies him to handle all aspects of pre- and post-retirement asset management, estate planning strategies, and many other wealth management services. Chris also holds the Qualified Plan Financial Consultant (QPFC) designation. This is awarded by the National Association of Plan Advisors for financial professionals who sell, advise, market or support qualified retirement plans.
Chris is a lifelong resident of Seaford, Delaware, where he lives with his wife, An, and their daughter, Ava. He enjoys gardening, genealogy, and American History. He is a dedicated warrior in the fight against cancer, supporting the Memorial Sloan Kettering Cancer Center and the Leukemia and Lymphoma Society.
Prior to joining Morgan Stanley, Chris served as an auditor for two local banks. His experience as a financial advisor since 1994, in addition to his auditing background, has honed his analytical skills and given Chris deep insight into complex financial operations. He leverages this knowledge and experience to provide seasoned advice and service for our clients.
Chris earned a Bachelor of Science degree in Liberal Arts from Salisbury University. He is licensed as a CHARTERED RETIREMENT PLANNING COUNSELOR®, an accredited designation that qualifies him to handle all aspects of pre- and post-retirement asset management, estate planning strategies, and many other wealth management services. Chris also holds the Qualified Plan Financial Consultant (QPFC) designation. This is awarded by the National Association of Plan Advisors for financial professionals who sell, advise, market or support qualified retirement plans.
Chris is a lifelong resident of Seaford, Delaware, where he lives with his wife, An, and their daughter, Ava. He enjoys gardening, genealogy, and American History. He is a dedicated warrior in the fight against cancer, supporting the Memorial Sloan Kettering Cancer Center and the Leukemia and Lymphoma Society.
Securities Agent: TX, PA, MA, AL, CA, TN, NJ, GA, DE, WV, WA, VA, IL, CT, OH, NY, MD, NC, LA, KY, HI, CO, OR, FL, AZ, NH, DC, SC; General Securities Representative; Investment Advisor Representative
NMLS#: 1261916
NMLS#: 1261916
About David Christopher Keck
David is dedicated to analyzing client investments and portfolios, providing comprehensive portfolio management. Leveraging the extensive global resources of Morgan Stanley, he strives to deliver effective and informed investment advice to clients. Financial planning serves as the foundation for David's financial recommendations and investment decisions, seeking to ensure that each client's portfolio is aligned with their long-term goals and risk tolerance.
David's career began at Thermo Fisher Scientific, a global scientific supply company, where he managed multi-million-dollar relationships and provided attentive, responsive service. Since transitioning to a financial advisor role in 1999, his scientific background has enhanced his detailed, problem-solving approach to wealth management.
He holds a Bachelor of Science degree in Biology from Muhlenberg College and has earned the prestigious CERTIFIED FINANCIAL PLANNER™ designation, which requires extensive classroom work and ongoing re-certification.
An active member of his church, David enjoys golfing, gardening, and is an avid bird watcher. He has participated in the Audubon Christmas Bird Count annually since 1991. David resides with his wife, Michelle, and their daughter, Ellie, just outside of Lewes, Delaware, where he was born and raised.
David's career began at Thermo Fisher Scientific, a global scientific supply company, where he managed multi-million-dollar relationships and provided attentive, responsive service. Since transitioning to a financial advisor role in 1999, his scientific background has enhanced his detailed, problem-solving approach to wealth management.
He holds a Bachelor of Science degree in Biology from Muhlenberg College and has earned the prestigious CERTIFIED FINANCIAL PLANNER™ designation, which requires extensive classroom work and ongoing re-certification.
An active member of his church, David enjoys golfing, gardening, and is an avid bird watcher. He has participated in the Audubon Christmas Bird Count annually since 1991. David resides with his wife, Michelle, and their daughter, Ellie, just outside of Lewes, Delaware, where he was born and raised.
Securities Agent: HI, WV, VA, TX, SC, PA, OH, NY, TN, NJ, WA, NH, NC, MD, MA, LA, KY, IL, GA, FL, DE, DC, CT, CO, CA, AZ, AL; General Securities Representative; Investment Advisor Representative
NMLS#: 1310688
NMLS#: 1310688
About Andrew Harrison Keck
Andrew is a dedicated Financial Advisor at Morgan Stanley, where he has built his practice on the principle of creating, updating, and maintaining comprehensive financial plans for his clients. Through regular and in-depth discussions, he aims to address his clients' aspirations and concerns, guiding them through the financial planning process to help seek a confident financial future. By utilizing the advanced financial planning tools available at Morgan Stanley, Andrew strives to deliver insightful and effective advice tailored to his clients' needs.
Andrew holds a Bachelor of Science degree in Finance and a Bachelor of Science degree in Financial Planning from the University of Delaware. He began his career at Morgan Stanley in July 2018, joining the Wealth Advisor Associate program in Wilmington, Delaware. During this time, he gained valuable experience by developing financial plans for advisors in the Delaware branches. After completing the WAA program, Andrew advanced to the role of Financial Advisor in December 2020. He is a CERTIFIED FINANCIAL PLANNER™ professional, a designation that requires rigorous education, extensive study, successful completion of an examination, and ongoing certification through continuing education, as governed by the CFP® Board. Additionally, Andrew is a Certified Exit Planning Advisor (CEPA®), a credential obtained through the Exit Planning Institute, which also requires continuous education to maintain.
Outside of his professional commitments, Andrew is an active member of his church and enjoys spending quality time with family and friends. He is passionate about powerlifting, brewing espresso, and pencil drawing. Andrew resides near Rehoboth Beach, Delaware, where he has spent the majority of his life.
Andrew holds a Bachelor of Science degree in Finance and a Bachelor of Science degree in Financial Planning from the University of Delaware. He began his career at Morgan Stanley in July 2018, joining the Wealth Advisor Associate program in Wilmington, Delaware. During this time, he gained valuable experience by developing financial plans for advisors in the Delaware branches. After completing the WAA program, Andrew advanced to the role of Financial Advisor in December 2020. He is a CERTIFIED FINANCIAL PLANNER™ professional, a designation that requires rigorous education, extensive study, successful completion of an examination, and ongoing certification through continuing education, as governed by the CFP® Board. Additionally, Andrew is a Certified Exit Planning Advisor (CEPA®), a credential obtained through the Exit Planning Institute, which also requires continuous education to maintain.
Outside of his professional commitments, Andrew is an active member of his church and enjoys spending quality time with family and friends. He is passionate about powerlifting, brewing espresso, and pencil drawing. Andrew resides near Rehoboth Beach, Delaware, where he has spent the majority of his life.
Securities Agent: DC, IL, NY, TN, WV, WA, VA, TX, SC, PA, OH, NJ, NH, NC, MD, MA, LA, KY, GA, FL, DE, CT, CO, CA, AZ, AL, HI; General Securities Representative; Investment Advisor Representative
NMLS#: 1794279
NMLS#: 1794279
About Terry Warrington
Terry has been working with Chris, David, and Andrew since 1995, providing continuity and outstanding service to our clients. Clients often remark on her diligence, professionalism and "personal touch.” Terry has over 27 years of experience in financial services.
A lifelong resident of the Rehoboth Beach - Lewes Beach, Delaware area, Terry enjoys spending time with her adult daughter, Robin. She is active in local cancer support/fundraising organizations and enjoys sewing, gardening, the beach, painting, and any type of craft.
A lifelong resident of the Rehoboth Beach - Lewes Beach, Delaware area, Terry enjoys spending time with her adult daughter, Robin. She is active in local cancer support/fundraising organizations and enjoys sewing, gardening, the beach, painting, and any type of craft.
Contact Christopher Vane
Contact David Christopher Keck
Contact Andrew Harrison Keck
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
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
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
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
Article Image
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
Article Image
Ready to start a conversation? Contact The Vane Keck Team 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 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’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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Morgan 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.
10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
11When 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.
12Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
13Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
14Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
15An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
16Morgan 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.
17Morgan 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.
18Investors 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.
19When 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.
20Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
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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.
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 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’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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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 always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
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
7Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
8Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Morgan 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.
10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
11When 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.
12Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
13Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
14Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
15An investment in an exchange-traded fund (ETF) involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of an exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the ETF. To obtain a prospectus, contact your Financial Advisor or visit the ETF company’s website. Please read the prospectus carefully before investing.
16Morgan 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.
17Morgan 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.
18Investors 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.
19When 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.
20Morgan 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.
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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)
