Brian Welch
Executive Director, Wealth Management, Financial Advisor, Portfolio Management Director, Alternative Investments Director, Insurance Planning Director
Phone:
(865) 694-1037(865) 694-1037
The Welch and Fairclough Group at Morgan Stanley
Direct:
(865) 694-1036(865) 694-1036
Toll-Free:
(800) 448-0020(800) 448-0020
Our Mission Statement
Comprehensive wealth planning strategies for your life and legacy
About Us
Our single mission is to help Create and Preserve Individual and Family Wealth.
With over 46* years of experience we have developed and refined our wealth management process. It’s ingrained in our team culture and reflected in our work with the individuals and families we serve. The defining premise of our practice, is in this memorandum signed by Dean Witter to the organization on December 11, 1967:
“The most valuable asset of an investment firm is its good name. Let us do everything we can to protect it and let us not allow profit to distort our judgement. We have a sacred trust to protect our customers. In the long run, those firms which survive and prosper are those who maintain conservative policies and put their customers’ interests first.” - Dean Witter
We are committed to the following core values that are fundamental to our practice:
Integrity
Our reputation is our most valuable asset. We hold ourselves accountable to the highest level of integrity and seek like-minded clients.
Objectivity
As a team with a 100% open architecture investment approach, we are aligned with our clients’ needs for objective advice. Our planning and advice focuses on short-term needs while maintaining a focus on long-term goals.
Commitment
Forming deep and long-lasting relationships with individuals and families as a whole, allows us to truly understand a family’s needs and determine the most effective strategies for helping meet them.
*Brian Welch: 24 years experience, Matthew Fairclough: 22 years experience
Forbes Best-In-State Wealth Management Teams 2025
Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23–3/31/24. https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025
With over 46* years of experience we have developed and refined our wealth management process. It’s ingrained in our team culture and reflected in our work with the individuals and families we serve. The defining premise of our practice, is in this memorandum signed by Dean Witter to the organization on December 11, 1967:
“The most valuable asset of an investment firm is its good name. Let us do everything we can to protect it and let us not allow profit to distort our judgement. We have a sacred trust to protect our customers. In the long run, those firms which survive and prosper are those who maintain conservative policies and put their customers’ interests first.” - Dean Witter
We are committed to the following core values that are fundamental to our practice:
Integrity
Our reputation is our most valuable asset. We hold ourselves accountable to the highest level of integrity and seek like-minded clients.
Objectivity
As a team with a 100% open architecture investment approach, we are aligned with our clients’ needs for objective advice. Our planning and advice focuses on short-term needs while maintaining a focus on long-term goals.
Commitment
Forming deep and long-lasting relationships with individuals and families as a whole, allows us to truly understand a family’s needs and determine the most effective strategies for helping meet them.
*Brian Welch: 24 years experience, Matthew Fairclough: 22 years experience
Forbes Best-In-State Wealth Management Teams 2025
Source: Forbes (Awarded Jan 2025). Data compiled by SHOOK Research LLC based for the period 3/31/23–3/31/24. https://www.morganstanley.com/what-we-do/wealth-management/forbes-top-wealth-advisors-lists-2025
Services Include
- Financial PlanningFootnote1
- Professional Portfolio ManagementFootnote2
- 401(k) Rollovers
- Estate Planning StrategiesFootnote3
- Business PlanningFootnote4
- Municipal BondsFootnote5
- Corporate BondsFootnote6
- Endowments and FoundationsFootnote7
- 529 PlansFootnote8
- Alternative InvestmentsFootnote9
- Cash ManagementFootnote10
- Corporate Retirement PlansFootnote11
- AnnuitiesFootnote12
- Fixed IncomeFootnote13
- Life InsuranceFootnote14
- Long Term Care InsuranceFootnote15
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Clients
Our Clients include individuals, couples and families located across the country. We work with current and retired executives, entrepreneurs and business owners. We have assisted several clients who have started, built and then sold companies, or taken them public. We also work with a number of Nonprofit organizations, Foundations, and Corporate Retirement Plans in helping them achieve their goals.
Drawing on a deep understanding of your financial life, The Welch and Fairclough Group can help you:
* Manage investments with an unwavering focus on your financial strategy and personal goals
* Structure your wealth and customize solutions based solely on an objective view of your needs
* Simplify financial complexity to help you achieve clarity and control
* Align your strategy with the values that have shaped your life and constitute the core of your legacy
The Welch and Fairclough Group services clients with a Minimum Liquid Net Worth of $1 Million USD.
Disclaimers:
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third‐party corporate trustee.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Drawing on a deep understanding of your financial life, The Welch and Fairclough Group can help you:
* Manage investments with an unwavering focus on your financial strategy and personal goals
* Structure your wealth and customize solutions based solely on an objective view of your needs
* Simplify financial complexity to help you achieve clarity and control
* Align your strategy with the values that have shaped your life and constitute the core of your legacy
The Welch and Fairclough Group services clients with a Minimum Liquid Net Worth of $1 Million USD.
Disclaimers:
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third‐party corporate trustee.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Community Involvement
Our group is proud to support these causes and the positive influences they have on our lives and communities.
“No one is useless in this world who lightens the burdens of another.” -Charles Dickens
Young Life
Knox Area Rescue Ministries
Shangri-La Therapeutic Academy of Riding(STAR)
Second Harvest Food Bank
Sequoyah Elementary School
Juvenile Diabetes Research Foundation(JDRF)
Rotary Club of Farragut
Child Help
Joy of Music School
“No one is useless in this world who lightens the burdens of another.” -Charles Dickens
Young Life
Knox Area Rescue Ministries
Shangri-La Therapeutic Academy of Riding(STAR)
Second Harvest Food Bank
Sequoyah Elementary School
Juvenile Diabetes Research Foundation(JDRF)
Rotary Club of Farragut
Child Help
Joy of Music School
Modern Wealth Tools
Our investment strategy leverages modern wealth tools and cutting-edge technology. By providing our clients with customized wealth management strategies, we help enable our clients to be one step closer to achieving their life goals. We have assembled the following Morgan Stanley financial tools and platforms that support our wealth management philosophy and investment strategies.
Morgan Stanley Online
Morgan Stanley Online digital capabilities and the Morgan Stanley Mobile App provide clients with access to their account information, enriched reporting tools, several cash management solutions, and robust market research.
Learn More About MSO >
Total Wealth View
Complete your financial picture with Total Wealth View. By linking your account information, you could benefit from more informed wealth planning, more secure data access, and convenient connectivity.
Get Started Here >Location
1111 Northshore Dr
Suite N 160
Knoxville, TN 37919
US
Direct:
(865) 694-1036(865) 694-1036
Toll-Free:
(800) 448-0020(800) 448-0020
Meet The Welch and Fairclough Group
Matthew Fairclough
Executive Director, Wealth Management, Financial Advisor, Portfolio Management Director, Alternative Investments Director
Phone:
(865) 694-1009(865) 694-1009
Cole Skvara
Financial Advisor, Financial Planning Specialist
Phone:
(865) 694-1029(865) 694-1029
Brandie Julian
Registered Client Service Associate
Phone:
(865) 694-1036(865) 694-1036
Ben Skvara
Client Service Associate
Phone:
(865) 330-0715(865) 330-0715
About Brian Welch
Brian has over 22 years of experience in the financial services industry. As Senior Vice-president and co-founder of the Venable Welch Fairclough Group, he leads his team to present a cohesive, comprehensive approach to the complex and sophisticated needs of the team’s clientele. Brian excels at implementing personalized plans and offering timely strategies to clients’ ever changing needs.
Brian received his degree in Finance from the University of Tennessee in 1999 and earned The Chartered Wealth Advisor® designation from the Estate and Wealth Planning Strategies Institute of Michigan State University in 2004. The Curriculum advocates for strategies towards accumulation, preservation and transfer of wealth in a tax-efficient manner.
Brian and his wife Mandy are proud parents of three active boys. Brian enjoys many outdoor pastimes, with coaching his boys’ sports teams being at the top of the list. He is active in his church and in the community serving on various boards.
Brian was named to Forbes Best-In-State wealth Advisors for 2021, 2022, 2023.
Source: Forbes.com (Awarded 2021, 2022, 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award. Awards Disclosures | Morgan Stanley
Brian received his degree in Finance from the University of Tennessee in 1999 and earned The Chartered Wealth Advisor® designation from the Estate and Wealth Planning Strategies Institute of Michigan State University in 2004. The Curriculum advocates for strategies towards accumulation, preservation and transfer of wealth in a tax-efficient manner.
Brian and his wife Mandy are proud parents of three active boys. Brian enjoys many outdoor pastimes, with coaching his boys’ sports teams being at the top of the list. He is active in his church and in the community serving on various boards.
Brian was named to Forbes Best-In-State wealth Advisors for 2021, 2022, 2023.
Source: Forbes.com (Awarded 2021, 2022, 2023). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award. Awards Disclosures | Morgan Stanley
Securities Agent: MN, CA, WV, NV, MD, UT, WA, VA, OH, NE, ME, GA, MO, MA, KS, IN, ID, HI, WY, NJ, NC, MT, IA, AZ, NM, IL, TX, RI, PA, AL, NH, DC, AR, MS, LA, FL, SC, OK, NY, MI, CT, WI, VI, TN, KY, CO; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1288148
NMLS#: 1288148
About Matthew Fairclough
Matthew focuses on creating personal plans to help clients achieve their goals. Utilizing Morgan Stanley’s research and vast investment options, Matthew evaluates, and monitors the various investment managers to help ensure the clients risk and return profile are met.
Matthew graduated from the University of Tennessee with a degree in Finance in 2001. He began with Morgan Stanley in 2000 and eventually became the Manager of the Morgan Stanley operations in Knoxville. Matthew brought Frank and Brian to Morgan Stanley 2008 from Hilliard Lyons which was the evolution of the Venable Welch and Fairclough Group in 2015.
Matthew and his wife Suzi are proud parents of two, Katie and Grant. Together they love spending time outdoors, traveling and attending UT sporting events. Matthew and Suzi spend much of their time giving back to their community through church and local charities.
Matthew graduated from the University of Tennessee with a degree in Finance in 2001. He began with Morgan Stanley in 2000 and eventually became the Manager of the Morgan Stanley operations in Knoxville. Matthew brought Frank and Brian to Morgan Stanley 2008 from Hilliard Lyons which was the evolution of the Venable Welch and Fairclough Group in 2015.
Matthew and his wife Suzi are proud parents of two, Katie and Grant. Together they love spending time outdoors, traveling and attending UT sporting events. Matthew and Suzi spend much of their time giving back to their community through church and local charities.
Securities Agent: FL, AR, WV, NY, NJ, MO, WY, NE, KY, CT, CO, NV, NC, HI, WA, SC, MN, LA, IL, VA, OK, OH, MT, MI, AZ, WI, VI, TX, IA, CA, VT, RI, NH, UT, PA, NM, MS, IN, ID, GA, AL, TN, MD, MA; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 253028
NMLS#: 253028
About Cole Skvara
An original intern of the Welch and Fairclough Group to now Financial Advisor, clients of the Welch Fairclough Group are very familiar with Cole!
Cole is passionate in building meaningful relationships with his clients. He brings over 5 years of experience in the financial services industry to Morgan Stanley, where he focuses on helping clients achieve their unique financial goals. Known for his client-focused approach, Cole combines deep industry knowledge with a passion of empowering his clients with education and insight.
He received a degree in Finance with collateral in Business Analytics from the University of Tennessee-Knoxville.
Cole also attended Sewanee, The University of the South early in his undergraduate career and played football for the university.
In his free time, Cole enjoys living an active lifestyle. He is an avid fisherman and enjoys this hobby accompanied with his brother, Ben.
He finds fulfillment in giving back to his community, actively participating in philanthropic events and initiatives around the city of Knoxville.
Cole is passionate in building meaningful relationships with his clients. He brings over 5 years of experience in the financial services industry to Morgan Stanley, where he focuses on helping clients achieve their unique financial goals. Known for his client-focused approach, Cole combines deep industry knowledge with a passion of empowering his clients with education and insight.
He received a degree in Finance with collateral in Business Analytics from the University of Tennessee-Knoxville.
Cole also attended Sewanee, The University of the South early in his undergraduate career and played football for the university.
In his free time, Cole enjoys living an active lifestyle. He is an avid fisherman and enjoys this hobby accompanied with his brother, Ben.
He finds fulfillment in giving back to his community, actively participating in philanthropic events and initiatives around the city of Knoxville.
Securities Agent: PA, CA, MT, MS, VA, NJ, ME, MD, WV, NV, NC, IN, IL, AL, AR, WY, SC, NM, ID, WI, IA, FL, WA, VI, TX, TN, NY, GA, CT, AZ, OH, KS, DC, UT, OK, MO, MN, MI, MA, HI, CO, NE, LA, KY; General Securities Representative; Investment Advisor Representative
NMLS#: 2601554
NMLS#: 2601554
About Brandie Julian
Brandie is joining Morgan Stanley with 20 years of experience in sales and customer service. In 2001, she began her career with Cellular Sales of Knoxville, the largest retailer of Verizon Wireless. After having her children, she became an employee benefits broker at TIS Insurance Services in 2015. In 2020, she obtained her real estate license at Keller Williams Realty. She is joining Morgan Stanley with a passion for building relationships with clients and delivering excellent customer service.
Brandie is originally from Maryville, Tennessee and a graduate of Maryville High School. She attended the University of Tennessee, Knoxville, where she graduated with a degree in business administration. She lives in Knoxville with her husband, Jeff, and her children Audrey and Johnathan. Brandie is an avid sports fan and loves everything Tennessee Volunteers, riding her Peloton, and working out.
Brandie is originally from Maryville, Tennessee and a graduate of Maryville High School. She attended the University of Tennessee, Knoxville, where she graduated with a degree in business administration. She lives in Knoxville with her husband, Jeff, and her children Audrey and Johnathan. Brandie is an avid sports fan and loves everything Tennessee Volunteers, riding her Peloton, and working out.
About Ben Skvara
Ben is joining Morgan Stanley after working for our team as an Intern, a Team Administrator, and now a Client Service Associate. For the past 4 years, he studied at the University of Tennessee while graduating with a Finance Degree and a Collateral in Supply Chain Management. He is joining Morgan Stanley with a passion for building relationships with clients and delivering excellent customer service.
Athletics have always been a big part of his childhood, and his passion for sports continue to this day. In his collegiate years, he was active member of the Sigma Chi Fraternity and hosted several leadership positions. Originally from Knoxville, Tennessee, Ben is thankful for the opportunity to continue servicing his local community. In his free time, he enjoys living an active lifestyle, fishing, and spending quality time out on the water with his brother, Cole.
Athletics have always been a big part of his childhood, and his passion for sports continue to this day. In his collegiate years, he was active member of the Sigma Chi Fraternity and hosted several leadership positions. Originally from Knoxville, Tennessee, Ben is thankful for the opportunity to continue servicing his local community. In his free time, he enjoys living an active lifestyle, fishing, and spending quality time out on the water with his brother, Cole.
Contact Brian Welch
Contact Matthew Fairclough
Contact Cole Skvara
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Blair Patteson, CFP®
Managing Director, Private Wealth Management, Private Wealth Advisor, Family Wealth Director, Alternative Investments Director
Morgan Stanley Wealth Management Financial Advisers can conduct their business in several ways: individually, as a member of a team of Financial Advisors, or through the formation of a Strategic Partnership with another Financial Advisor or team of Financial Advisors. A Strategic Partnership is an arrangement between a Financial Advisor or a team of Financial Advisors with another Financial Advisor or team of Financial Advisors that has a unique focus or knowledge regarding a specific business concentration, product area, and/or client type. If your account is with an individual Financial Advisor, that Financial Advisor services all facets of your account. If your account is with a Financial Advisor who is a member of a team, any Financial Advisor on the team can service your account. If your Financial Advisor is part of a Strategic Partnership, his or her role in that Strategic Partnership may be limited to a specific business and/or product area and may not cover all facets of your account. The use of the terms “Partner” or “Strategic Partner” and/or “Partnership” or “Strategic Partnership” are used as terms of art and not used to imply or connote any legal relationship.
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 Welch and Fairclough Group today.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’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.
3Morgan 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.
4Morgan 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.
5Municipal 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.
6Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
7Morgan 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.
8Investors 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.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Morgan 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
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.
12Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
3Morgan 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.
4Morgan 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.
5Municipal 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.
6Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
7Morgan 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.
8Investors 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.
9Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
10Morgan 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
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.
12Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
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Awards Disclosures
CRC 6491812 (04/2024), 3582895 (6/2024)
