Gregory Thomas
Senior Vice President, Financial Advisor, Senior Investment Management Consultant, Family Wealth Director, Senior Portfolio Management Director
Phone:
(407) 740-4911(407) 740-4911
The Watermark Group at Morgan Stanley
Direct:
(407) 740-4900(407) 740-4900
Toll-Free:
(800) 829-5105(800) 829-5105
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
Welcome to the Watermark Group at Morgan Stanley
“Getting to the top is optional. Getting down is mandatory.” -Ed Viesturs
Ed Viesturs is no stranger to risk. One of the most accomplished high-altitude mountaineers, he has summited many of the world’s most challenging peaks, including Mt. Everest seven times. He attributes his success to a clearly defined, rules-based approach, and plans for every expedition with the same mindset; getting home safely is paramount.
As financial advisors, we view the art of portfolio construction much like Ed’s approach to mountaineering. Investing is fraught with risk and uncertainty, but by implementing a robust decision-making framework, we can deliver sound advice and customized wealth protection strategies towards a common goal; enriching the lives of our clients and the communities they impact for this generation and those to come.
Ed Viesturs is no stranger to risk. One of the most accomplished high-altitude mountaineers, he has summited many of the world’s most challenging peaks, including Mt. Everest seven times. He attributes his success to a clearly defined, rules-based approach, and plans for every expedition with the same mindset; getting home safely is paramount.
As financial advisors, we view the art of portfolio construction much like Ed’s approach to mountaineering. Investing is fraught with risk and uncertainty, but by implementing a robust decision-making framework, we can deliver sound advice and customized wealth protection strategies towards a common goal; enriching the lives of our clients and the communities they impact for this generation and those to come.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Retirement PlanningFootnote3
- Estate Planning StrategiesFootnote4
- Planning for Education FundingFootnote5
- Professional Portfolio ManagementFootnote6
- Alternative InvestmentsFootnote7
- Sustainable InvestingFootnote8
- Municipal BondsFootnote9
- Cash Management and Lending ProductsFootnote10
- 401(k) Rollovers
- Business Succession PlanningFootnote11
- Philanthropic ManagementFootnote12
- Life InsuranceFootnote13
- Long Term Care InsuranceFootnote14
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Client Resources
Total Wealth View
Complete your financial picture with Total Wealth View. By linking your account information, you will benefit from more informed wealth planning, more secure data access, and convenient connectivity.
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GIC Weekly
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
GIC Weekly
Digital Vault
Digital Vault lets you easily manage and share your important documents, such as wills, deeds and estate plans, as well as financial statements and tax filings. All files are scanned for viruses and malware and are encrypted while transferred and stored. Access is limited to you and anyone you designate.
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Thoughts on the Market Podcast
With perspectives on the forces shaping the market, join Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, as he and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Thoughts on the Market Podcast
MS Reserved Living and Giving
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.
MS Reserved Living and Giving
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Online Security Center
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Portfolio Risk Platform
Our Portfolio Risk Platform, backed by institutional-caliber analytics, assesses thousands of risk factors using a holdings-based approach to assess a portfolio’s exposures, analyze how securities behave together across portfolios and forecast how they influence risk and return moving forward.
Portfolio Risk PlatformFinancial Planning
CRC 3663659 (07/21)
YOUR GUIDE TO TAX-EFFICIENT PLANNING
The tax decisions you make today can help you save for years to come. Consider these smart tax strategies for your financial plan.
Total Tax 365: Tax-Smart Investing. All Year Long
Morgan Stanley Total Tax 365 offers a full spectrum of tax-efficient solutions to help mitigate the tax drag on your portfolio—so you can keep more of what you earn and improve after-tax returns.
Why Choose Tax-Smart Investing?
Tax-Loss Harvesting Can Work Year-Round for Investors
What is tax-loss harvesting exactly, and how do some investors use it to opportunistically reduce their tax bills?
Here's how
Tax-Smart Strategies for Your Retirement
Smart tax planning can help you save more for retirement and keep more of what you’ve already saved. Consider these tax-efficient retirement planning strategies.
IRA Contribution Reminder for 2024 Tax Year
5 Tax-Savvy Ways to Give
One of the reasons that you work so hard is 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 and may also reduce your own taxes.
Even if taxes aren’t the primary motivator for your giving strategy, consider these ways to make your giving go further:
Learn More HereEven if taxes aren’t the primary motivator for your giving strategy, consider these ways to make your giving go further:
2025 Tax Tables
Please view the tax tables for year 2025 to better prepare to meet your financial goals.
View Tax Table for 2025Upcoming Firm Events
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U.S. Policy Pulse: Trump 2.0 and the Markets
DATE: February 25, 2025 at 4:15 p.m. ETJoin Morgan Stanley Wealth Management Chief Investment Officer, Lisa Shalett, on Tuesday, February 25, for a conversation with Chief Economic Strategist and Global Head of Thematic and Macro Investing, Ellen Zentner, and Head of U.S. Public Policy, Monica Guerra, on the top policy and regulatory actions that could impact investors in the months ahead.
CRC4192005 02/2025
Online
Location
250 S Park Avenue
Suite 500
Winter Park, FL 32789
US
Direct:
(407) 740-4900(407) 740-4900
Toll-Free:
(800) 829-5105(800) 829-5105
Meet The Watermark Group
Paul Brown, CFP®
First Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager
Phone:
(407) 740-4953(407) 740-4953
Gregg Champion
Senior Registered Associate
Phone:
(407) 740-4952(407) 740-4952
About Gregory Thomas
Greg Thomas began his career as a financial advisor in the late 1990s. Over the last 20 plus years, Greg has assisted ultra-high net worth individuals/families, institutions, and foundations/endowments navigate their journey and build comprehensive solutions to help meet their specific goals and objectives. Greg is a Senior Vice President, Senior Investment Management Consultant, Family Wealth Director, and the Senior Portfolio Management Director.
Greg graduated from Vanderbilt University where he played baseball and earned both All-SEC and All-American honors. After college, Greg played professional baseball for the Cleveland Indians’ organization for six years. After his professional baseball stint, Greg joined Smith Barney. After a few years in the business, Greg partnered with his father and they created The Thomas Group at Smith Barney. In 2008, Paul Brown joined The Thomas Group and the group renamed itself to The Watermark Group. Smith Barney was eventually acquired by Morgan Stanley which resulted in The Watermark Group at Morgan Stanley. The Watermark Group has roots and history dating back to the early 1970s.
Greg is married and has two boys. His oldest attends Berry College and his youngest is a rising senior in high school and will be attending and playing baseball at Davidson College once he graduates. Greg’s passion for baseball and exercise continues. He can quite often be found at a field watching a ballgame, coaching, or in the gym working out.
Greg graduated from Vanderbilt University where he played baseball and earned both All-SEC and All-American honors. After college, Greg played professional baseball for the Cleveland Indians’ organization for six years. After his professional baseball stint, Greg joined Smith Barney. After a few years in the business, Greg partnered with his father and they created The Thomas Group at Smith Barney. In 2008, Paul Brown joined The Thomas Group and the group renamed itself to The Watermark Group. Smith Barney was eventually acquired by Morgan Stanley which resulted in The Watermark Group at Morgan Stanley. The Watermark Group has roots and history dating back to the early 1970s.
Greg is married and has two boys. His oldest attends Berry College and his youngest is a rising senior in high school and will be attending and playing baseball at Davidson College once he graduates. Greg’s passion for baseball and exercise continues. He can quite often be found at a field watching a ballgame, coaching, or in the gym working out.
Securities Agent: OH, FL, CO, AZ, PA, NJ, DE, DC, TN, MT, WI, SC, MS, MA, AL, VA, UT, NY, GA, WA, MD, CA, IL, TX, NC, CT, RI, MN, IN; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1326725
NMLS#: 1326725
About Paul Brown
Working side by side with clients to overcome the inevitable challenges along the journey brings Paul a sense of great satisfaction and accomplishment. Paul is the First Vice President and Senior Portfolio Manager. The enduring relationships The Watermark Group has cultivated with clients throughout the years has been the most fulfilling achievement of his career.
Paul graduated from Northwestern University with a double major in Political Science and Economics. He also completed graduate-level coursework at University of Southern California in Accounting, Tax, Financial Statement Analysis. Paul began his professional career in Financial Services in 1993 with Coopers & Lybrand and subsequently Chicago Dearborn, a regional Investment Bank in Chicago, IL.
In 1996, he had the opportunity to work abroad in Budapest, Hungary as a Financial Consultant with MagyarCom, a joint-venture between Ameritech International and Deutsche-Telekom. Paul was part of a team of international consultants that advised the Hungarian Telecom Company, Matav, in becoming the first central-European company to be publicly listed on the New York Stock Exchange. Upon project completion, he co-founded Marketlink Kft, a pan-EMEA call center solutions business servicing multi-national companies from operations in Budapest and Warsaw, Poland. After selling the business, he moved to Orlando, FL to be near family and joined Smith Barney, now Morgan Stanley, in 2007 as a Financial Advisor.
Outside the office, Paul is committed to engaging with the local community. He has served as Board member, Treasurer, and President of United Cerebral Palsy (UCP) of Central Florida, a Charter School that specializes in helping children with special needs. Most recently, he served as Vice President-Men’s Team of the Crew Boosters of Winter Park.
Paul resides in Lake Eola Heights, Orlando, FL with his wife. His daughter and son are currently attending college at Florida State University and University of Pennsylvania. Paul enjoys traveling domestically and abroad, especially to create new experiences. Other passions of his include CrossFit competition, sailing and learning.
Paul graduated from Northwestern University with a double major in Political Science and Economics. He also completed graduate-level coursework at University of Southern California in Accounting, Tax, Financial Statement Analysis. Paul began his professional career in Financial Services in 1993 with Coopers & Lybrand and subsequently Chicago Dearborn, a regional Investment Bank in Chicago, IL.
In 1996, he had the opportunity to work abroad in Budapest, Hungary as a Financial Consultant with MagyarCom, a joint-venture between Ameritech International and Deutsche-Telekom. Paul was part of a team of international consultants that advised the Hungarian Telecom Company, Matav, in becoming the first central-European company to be publicly listed on the New York Stock Exchange. Upon project completion, he co-founded Marketlink Kft, a pan-EMEA call center solutions business servicing multi-national companies from operations in Budapest and Warsaw, Poland. After selling the business, he moved to Orlando, FL to be near family and joined Smith Barney, now Morgan Stanley, in 2007 as a Financial Advisor.
Outside the office, Paul is committed to engaging with the local community. He has served as Board member, Treasurer, and President of United Cerebral Palsy (UCP) of Central Florida, a Charter School that specializes in helping children with special needs. Most recently, he served as Vice President-Men’s Team of the Crew Boosters of Winter Park.
Paul resides in Lake Eola Heights, Orlando, FL with his wife. His daughter and son are currently attending college at Florida State University and University of Pennsylvania. Paul enjoys traveling domestically and abroad, especially to create new experiences. Other passions of his include CrossFit competition, sailing and learning.
Securities Agent: PA, FL, DC, NJ, OR, IN, TN, SC, MD, AL, VA, RI, NC, MT, GA, CT, WI, UT, NH, MA, IL, CA, MS, MN, CO, AZ, VT, OH, NY, DE, WA, TX; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1295712
NMLS#: 1295712
About Gregg Champion
Gregg prioritizes delivering competent results to The Watermark Group’s clients throughout the course of our professional relationships.
Prior to joining Morgan Stanley, Gregg’s experience in the financial services industry includes roles with Raymond James Financial Services and Northwestern Mutual.
Gregg is a graduate of Rutgers University, and has earned the Series 7 and Series 66 licenses.
Gregg is a New England native who now lives in Winter Park, Florida with his wife and her two children.
Prior to joining Morgan Stanley, Gregg’s experience in the financial services industry includes roles with Raymond James Financial Services and Northwestern Mutual.
Gregg is a graduate of Rutgers University, and has earned the Series 7 and Series 66 licenses.
Gregg is a New England native who now lives in Winter Park, Florida with his wife and her two children.
Contact Gregory Thomas
Contact Paul Brown
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
Are You Prepared for Tax Day?
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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
Donor Advised Funds: A Smart Way to Manage Your Giving
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Ready to start a conversation? Contact The Watermark Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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.
3When 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.
4Morgan 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
6Morgan Stanley’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.
7Alternative 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Municipal 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.
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
11Morgan 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.
12Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Insurance 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
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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.
3When 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.
4Morgan 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.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
6Morgan Stanley’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.
7Alternative 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.
8The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
9Municipal 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.
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
11Morgan 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.
12Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
13Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
14Insurance 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
CRC 6491812 (04/2024)
