Jordan S King
Executive Director, Financial Advisor, Senior Portfolio Management Director, Family Wealth Advisor, Workplace Advisor - Equity Compensation, Lending Specialist
Phone:
(781) 672-5106(781) 672-5106
The Vine Brook Group at Morgan Stanley
Direct:
(781) 672-5000(781) 672-5000
Toll-Free:
(800) 344-4495(800) 344-4495
Our Mission Statement
We help you stay on track financially, so you can focus on taking care of the things that matter most to you: your family, your career and retiring with confidence.
Our Story & Services
The Vine Brook Group at Morgan Stanley is a seasoned team of wealth management professionals. We have come together because we recognize that our whole is much more valuable than the sum of our parts. Given that there is so much at stake, we want to be sure we can always put our best foot forward when it comes to delivering world class ideas and service to help our clients meet their goals and fulfill their dreams.
Managing wealth involves far more than managing an investment portfolio. It begins with developing a holistic, comprehensive understanding of who you are and the financial forces at work in your life. It means helping you understand and respond effectively to these forces. And, of course, it means helping you invest your assets in a way that reflects the realities of your life and the uniqueness of your long term goals.
As Financial Advisors, we are committed to building a relationship of trust in which we can work closely with you to help you define your objectives, explore alternatives and choose the financial and investment strategies that are most appropriate for you. As our relationship evolves, we hope you will come to regard us as a valued resource and professionals who can help you make an informed decision on any financial issue.
Managing wealth involves far more than managing an investment portfolio. It begins with developing a holistic, comprehensive understanding of who you are and the financial forces at work in your life. It means helping you understand and respond effectively to these forces. And, of course, it means helping you invest your assets in a way that reflects the realities of your life and the uniqueness of your long term goals.
As Financial Advisors, we are committed to building a relationship of trust in which we can work closely with you to help you define your objectives, explore alternatives and choose the financial and investment strategies that are most appropriate for you. As our relationship evolves, we hope you will come to regard us as a valued resource and professionals who can help you make an informed decision on any financial issue.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
YOU DEFINE SUCCESS, WE HELP YOU ACHIEVE IT
Gathering information, putting the puzzle pieces in place and ultimately seeing the big picture are strengths of ours. As your life and career evolve, so do your goals. We will work together to identify what success looks like for you and we will help you achieve it. Below are some of the topics we help our clients address every day.
Family
Is money a taboo topic in your family? The focal point should be your family’s values and what you as a family hope to accomplish with what you have, and not how much you have. Ask your kids questions that encourage them to formulate their own answers.
5 Tips for Talking to Your Kids About Money
Education Funding
With education costs rising, paying for college has become a major life expense that requires smart planning. Find answers to key questions here.
Education Planning Center: 529s and More
New Beginnings
Divorce or the death of a spouse can turn the best laid financial plans upside down. Financial planning after a divorce or death can be trying, but with the right approach and the right advice you can turn a difficult situation into a positive new beginning.
Financial Planning After a Divorce or Death
Charitable Giving
One of the reasons that you work so hard is to be able to give back to others. But you also want to make sure that your support for the causes and people you care about has the biggest possible impact. Consider these 5 ways to make your giving go further.
5 Tax-Savvy Ways to Give
Retirement
By the time many of us reach our 40s and 50s, we’ve accumulated a slew of retirement accounts: An IRA here, a Roth IRA there, and two or three scattered 401(k) accounts left with former employers. As the accounts add up, it’s important to get a clear picture of your overall retirement preparedness.
Do You Know Where Your Retirement Savings Are?
Succession Planning
You can’t take it with you, but through a trust, you can define how you want your life’s work and wealth to continue to benefit the people and causes you love and care for. Learn more about where a trust might make sense.
Legacy Trusts and Estate PlanningOur goal is to ensure that clients feel educated and have confidence that their investment plan can weather market ups and downs. This starts with reinforcing the basics of investing, designing a strategy that is tailored to your needs and demystifying the overall investment process. We are committed to providing you with important information about managing your wealth more effectively in today’s global markets. To learn more about topics impacting your financial life:
The GIC Weekly
Morgan Stanley’s Global Investment Committee is tasked with shaping the foundational advice we provide to our clients. Lisa Shalett provides her latest insights into the GIC’s latest thinking on the markets,
See the most recent weekly report
Morgan Stanley Reserved Insights
Reserved Living & Giving is a tiered complimentary loyalty program that rewards Morgan Stanley's most valued clients. The program is designed to enhance your lifestyle and relationship with the firm beyond traditional wealth management services.
Learn More
Thoughts on the Market Podcast
With perspectives on the forces shaping the market, listen to our best-in-class Global Investment Committee as they discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Thoughts on the Market Podcast
Morgan Stanley Ideas Podcast
The Morgan Stanley Ideas Podcast brings you revealing stories about the world of business, finance, technology and beyond.
Morgan Stanley Ideas Podcast
2024 Federal Tax Table
This table outlines the 2024 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
View 2024 Tax Table
Maximum Benefit & Contribution Limits
This document highlights the maximum benefit contribution limits for 2024.
View Maximum Benefit & Contribution Limits
Digital Vault
The Digital Vault on Morgan Stanley Online and the Mobile App allows you to build a central, shared document library where all documents are stored securely.
Get Started Today
Total Wealth View
Our Total Wealth View platform enables you to see all of your assets and liabilities together in one place-whether they are held at Morgan Stanley or elsewhere.
Learn More
A Safe Business Exiting Strategy
Take a listen to a podcast exploring the crucial considerations and strategic steps relevant to closing a business, safeguarding value, and ensuring a smooth transition.
Listen here
Choosing a Business Entity
Navigate the complexities of selecting the optimal business entity insights into the advantages and implications to make an informed decision tailored to your entrepreneurial goals.
Learn more on choosing a business entity
The Value of Tax-Efficient Investing
Unlock the secrets of tax-efficient investing for small business owners, exploring strategies to optimize returns while minimizing tax liabilities for sustained financial growth.
Learn about tax-efficient investing
The Benefits of a Qualified Retirement Plan for Business Owners
Discover the retirement plan options for business owners like you. Explore the options available to you
Learn about the benefits
Importance in Selecting Retirement Plans for Small Businesses
Uncover the pivotal role of selecting the right retirement plans in small businesses, as this article explores how strategic choices can impact employee satisfaction, financial stability, and long-term success.
Learn more on SEPs, Simples, and 401(k) plans
Additional Resource on Selecting Small Business Retirement Plans
Read more about retirement plans for small businesses.
Click to learn moreAWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
112 Worcester Street
Wellesley, MA 02481
US
Direct:
(781) 672-5000(781) 672-5000
Toll-Free:
(800) 344-4495(800) 344-4495
Meet The Vine Brook Group
Denise E Simpson
Financial Advisor, Senior Vice President
Phone:
(781) 431-6734(781) 431-6734
Austin King
Financial Advisor
Phone:
(781) 672-5276(781) 672-5276
Elena Stowell, CFP®
Wealth Management Associate, Financial Planning Specialist
Phone:
(781) 672-5184(781) 672-5184
Kevin Hansen
Registered Client Service Associate
Phone:
(781) 672-5414(781) 672-5414
About Jordan S King
Jordan King is a founding partner, chief investment officer and operating director of the Vine Brook Group at Morgan Stanley. He has been in the investment management business for over 30 years. Jordan has guided clients through many distinct market cycles and historic downturns (notably 2000, 2008, 2020 and 2022.) The Team’s investment philosophy is informed by this experience and is based on four investment pillars: investment management is the management of risk and not the management of returns, market timing is meaningless, taking a contrarian position has the potential to enhance your success and ”It’s never different this time”.
Throughout his career, Jordan has demonstrated his ability to work closely with families to understand their circumstances, their finances, their individual and collective goals, and how these may impact one another while creating a risk managed portfolio that is aligned with their investment aspirations.
As Senior Portfolio Management Director Jordan’s primary role for The Vine Brook Group team is portfolio construction and ongoing management and oversight of the Team’s investment portfolios. Jordan holds additional titles of Workplace Advisor and Financial Wealth Advisor, FWA.
Outside of his work at Morgan Stanley, Jordan plays the drums in his cover band, Bad Reputation. Jordan is an Economist by training with a bachelor’s degree from The University of Massachusetts at Amherst (1985). The father of three grown children, Jordan enjoys music, pickleball and boating with his wife Donna.
Throughout his career, Jordan has demonstrated his ability to work closely with families to understand their circumstances, their finances, their individual and collective goals, and how these may impact one another while creating a risk managed portfolio that is aligned with their investment aspirations.
As Senior Portfolio Management Director Jordan’s primary role for The Vine Brook Group team is portfolio construction and ongoing management and oversight of the Team’s investment portfolios. Jordan holds additional titles of Workplace Advisor and Financial Wealth Advisor, FWA.
Outside of his work at Morgan Stanley, Jordan plays the drums in his cover band, Bad Reputation. Jordan is an Economist by training with a bachelor’s degree from The University of Massachusetts at Amherst (1985). The father of three grown children, Jordan enjoys music, pickleball and boating with his wife Donna.
Securities Agent: CA, WI, ME, IL, TN, NM, MO, CO, TX, OR, NJ, NC, MD, VT, VA, SC, NH, MI, MA, GA, CT, WV, UT, RI, PA, NY, FL, DE, AZ, WA, OH, DC, AL; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1274480
NMLS#: 1274480
About Denise E Simpson
Denise Simpson has spent her life surrounded by those in the aviation industry. Her parents were Boeing engineers who worked on the design of the 737 and 777 and her husband has been a commercial airline pilot for more than 15 years.
As a caring and knowledgeable wealth management professional, Denise has developed a disciplined process to help clients define and reach their financial goals, so they can focus on what matters most: family, career and retiring with confidence.
Just like a pilot who sets a flight plan for the journey ahead, she begins by understanding where you are today and where you want to go. She then assesses the path you are on and provides easy to implement and actionable ideas to help ensure you arrive at your destination on schedule.
Denise’s passion has always been to serve her community. For 20 years, she worked in the philanthropic arena, supporting donors in fulfilling their charitable vision. Charitable giving can be an integral part of a family’s wealth management picture, and Denise brings her experience as a professional to assist our clients and their families with their charitable goals.
Denise received her Bachelor of Arts in International Relations and German from University of the Pacific in California and later obtained her Master of Business Administration at Babson College. She lives in Needham with her husband James and their children. She enjoys cheering her two daughters on at volleyball tournaments and being a Class Parent Representative at Ursuline Academy where both girls attend.
As a caring and knowledgeable wealth management professional, Denise has developed a disciplined process to help clients define and reach their financial goals, so they can focus on what matters most: family, career and retiring with confidence.
Just like a pilot who sets a flight plan for the journey ahead, she begins by understanding where you are today and where you want to go. She then assesses the path you are on and provides easy to implement and actionable ideas to help ensure you arrive at your destination on schedule.
Denise’s passion has always been to serve her community. For 20 years, she worked in the philanthropic arena, supporting donors in fulfilling their charitable vision. Charitable giving can be an integral part of a family’s wealth management picture, and Denise brings her experience as a professional to assist our clients and their families with their charitable goals.
Denise received her Bachelor of Arts in International Relations and German from University of the Pacific in California and later obtained her Master of Business Administration at Babson College. She lives in Needham with her husband James and their children. She enjoys cheering her two daughters on at volleyball tournaments and being a Class Parent Representative at Ursuline Academy where both girls attend.
Securities Agent: MA, NM, RI, OH, CO, GA, FL, UT, SC, ME, AL, WA, VA, NJ, DE, MO, AZ, WI, OR, NH, MD, DC, WV, CT, PA, NY, NC, IL, CA, MI, VT, TX, TN; General Securities Representative; Investment Advisor Representative
NMLS#: 1297947
NMLS#: 1297947
About Austin King
Austin King is a Financial Advisor Associate with The Vine Brook Group at Morgan Stanley. Prior to joining Morgan Stanley, Austin spent nearly seven years in private equity and three years in public accounting. His experience provides him with a firsthand understanding of the financial complexities faced by professionals in private equity and other alternative investment businesses.
Austin works with clients whose wealth often extends well beyond a traditional investment portfolio. For private equity professionals, that can include carried interest, co-investments, capital commitments, concentrated positions and significant exposure to illiquid private investments. He helps clients consider these assets as part of their broader financial picture, with particular attention to liquidity needs, public and private asset allocation, diversification, risk management and long-term financial planning.
Austin’s accounting and private equity experience also shapes his approach to working alongside clients’ tax and legal professionals as their financial lives become increasingly complex. Whether a client is accumulating wealth, experiencing a significant liquidity event or beginning to think about how wealth will ultimately pass to the next generation, Austin seeks to help bring the different pieces of their financial lives together into a coordinated strategy.
Austin joined The Vine Brook Group alongside his father, Jordan King, who has spent more than 30 years in investment management. Their work together reflects the team’s broader commitment to developing relationships that can span generations. By combining the perspective and experience of an established wealth management practice with the next generation of the team, Vine Brook seeks to provide clients and their families with continuity as their needs evolve over time.
Austin earned his BS in Finance and Masters of Accounting degrees from Tulane University. He began his career in public accounting and earned his CPA before moving into private equity. Outside of work, he enjoys traveling, staying active and spending time with his wife, Ari.
Austin works with clients whose wealth often extends well beyond a traditional investment portfolio. For private equity professionals, that can include carried interest, co-investments, capital commitments, concentrated positions and significant exposure to illiquid private investments. He helps clients consider these assets as part of their broader financial picture, with particular attention to liquidity needs, public and private asset allocation, diversification, risk management and long-term financial planning.
Austin’s accounting and private equity experience also shapes his approach to working alongside clients’ tax and legal professionals as their financial lives become increasingly complex. Whether a client is accumulating wealth, experiencing a significant liquidity event or beginning to think about how wealth will ultimately pass to the next generation, Austin seeks to help bring the different pieces of their financial lives together into a coordinated strategy.
Austin joined The Vine Brook Group alongside his father, Jordan King, who has spent more than 30 years in investment management. Their work together reflects the team’s broader commitment to developing relationships that can span generations. By combining the perspective and experience of an established wealth management practice with the next generation of the team, Vine Brook seeks to provide clients and their families with continuity as their needs evolve over time.
Austin earned his BS in Finance and Masters of Accounting degrees from Tulane University. He began his career in public accounting and earned his CPA before moving into private equity. Outside of work, he enjoys traveling, staying active and spending time with his wife, Ari.
Securities Agent: MD, WV, VT, SD, IN, DE, AL, DC, WA, UT, NC, MO, KS, ID, AR, VI, PR, NJ, MT, MN, IA, NM, LA, IL, GA, TX, OR, MA, KY, TN, RI, NY, NE, MS, ME, WY, PA, NV, NH, HI, CA, AZ, AK, OK, CO, SC, OH, ND, CT, WI, VA, MI, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 2852614
NMLS#: 2852614
About Elena Stowell
Elena Stowell is a Wealth Management Associate with The Vine Brook Group at Morgan Stanley. She is responsible for client service and administrative support functions, while also playing a key role in streamlining operational processes, assisting with investment management and financial planning implementation and monitoring, and uncovering new business opportunities. Elena not only knows how to meet each client's specific needs, but she also anticipates them. Her industry knowledge, reliability, and upbeat personality give clients confidence as she works to find solutions to their financial challenges.
Elena’s desire to cultivate relationships with clients and proactively help them resolve issues, her persistence to learn and grow, and her attention to detail are all inspired by her parents’ unbreakable work ethic and dedication to building a new life after emigrating to the U.S. from Eastern Europe.
Elena received her Bachelor’s degree in Business Administration and Economics from Worcester State University. Prior to joining Morgan Stanley, she worked as a mortgage consultant, helping her clients achieve the American dream of owning a home.
Elena’s desire to cultivate relationships with clients and proactively help them resolve issues, her persistence to learn and grow, and her attention to detail are all inspired by her parents’ unbreakable work ethic and dedication to building a new life after emigrating to the U.S. from Eastern Europe.
Elena received her Bachelor’s degree in Business Administration and Economics from Worcester State University. Prior to joining Morgan Stanley, she worked as a mortgage consultant, helping her clients achieve the American dream of owning a home.
About Kevin Hansen
Kevin Hansen is a Client Service Associate who supports the team’s day-to-day operations and service delivery, working closely with both clients and advisors to ensure a consistent, high-quality client experience. He brings a strong foundation in accounting and customer service, developed through his work with a small business, and applies that practical perspective to meeting client needs with care and attention to detail.
Kevin is currently pursuing an MBA at Penn State University with a concentration in Finance. This semester, he is enhancing his knowledge through coursework in Economics, Portfolio Management, and Ethical Leadership—knowledge that complements his role and supports his continued professional growth.
Outside of the office, Kevin is an avid amateur golfer and regularly competes in tournaments. He also enjoys fishing and spending time with friends and family. Having recently relocated to Boston from Delmar, New York, Kevin is excited to explore the area and become an active part of the local community.
Kevin is currently pursuing an MBA at Penn State University with a concentration in Finance. This semester, he is enhancing his knowledge through coursework in Economics, Portfolio Management, and Ethical Leadership—knowledge that complements his role and supports his continued professional growth.
Outside of the office, Kevin is an avid amateur golfer and regularly competes in tournaments. He also enjoys fishing and spending time with friends and family. Having recently relocated to Boston from Delmar, New York, Kevin is excited to explore the area and become an active part of the local community.
Contact Jordan S King
Contact Denise E Simpson
Contact Austin King
Wealth Management
Global Investment Office
Portfolio Insights
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
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 Vine Brook Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
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.
4Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
5Morgan Stanley Smith Barney LLC (“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.
6When 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.
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’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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
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.
4Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are appropriate only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
5Morgan Stanley Smith Barney LLC (“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.
6When 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.
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’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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 4665150 (8/2025), 5378280 (5/2026)
