Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Manager
Phone:
(802) 863-7703(802) 863-7703
The Wilkins Strout Group at Morgan Stanley
Direct:
(802) 863-7710(802) 863-7710
Toll-Free:
(800) 446-0193(800) 446-0193
Industry Award WinnerOur Mission Statement
Helping clients like you achieve your retirement and investing goals
Welcome
As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Wealth PlanningFootnote3
- Retirement PlanningFootnote4
- Corporate Retirement PlansFootnote5
- Qualified Retirement PlansFootnote6
- Alternative InvestmentsFootnote7
- 401(k) Rollovers
- UGMA/UTMAFootnote8
- Endowments and FoundationsFootnote9
- Institutional ServicesFootnote10
- Estate Planning StrategiesFootnote11
- Sustainable InvestingFootnote12
- Trust AccountsFootnote13
- Corporate Investment SolutionsFootnote14
- Cash Management and Lending ProductsFootnote15
- Life InsuranceFootnote16
- Long Term Care InsuranceFootnote17
- AnnuitiesFootnote18
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
You Define Success, We Help You Achieve It
We measure success by how well we help clients achieve their goals throughout their life. Our mission is to work with you on a personalized approach that puts you and your goals at the center of everything we do.
Wealth Management Portfolio Insights
Timely market commentary, thought leadership and portfolio ideas from Morgan Stanley's Global Investment Office.
Explore Portfolio InsightsWhy our Financial Advisors are Different
Investing can be complicated. Choosing a Financial Advisor shouldn’t be.
Why Choose a Morgan Stanley Financial AdvisorComprehensive Tools & Services
Our comprehensive suite of tools and services are designed to help enhance your experience working with Morgan Stanley. Here are a few of the technologies, tools, and services that we have to offer our clients.
Tax Planning Strategies
The tax decisions you make today can help you save for years to come. Consider these smart tax strategies for your financial plan.
Learn More About Tax Planning Strategies
Digital Tools
Our digital tools are built with the security of client assets and data as a top priority. Seamlessly and securely manage your investments and everyday finances in one place.
Learn More About Digital Tools
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.
Learn More About Reserved Living and Giving
Total Wealth View
Managing multiple financial accounts across different firms can be complicated. With Morgan Stanley Online, you can link your non-Morgan Stanley accounts and analyze your cash flow all in one place.
Learn More About Total Wealth View
Goals Based Wealth Management
At Morgan Stanley, Goals-Based Wealth Management means that we aim to understand what is important to you and work together to map out a plan that can help you achieve your financial goals.
Learn More About Goals Based Wealth Management
Sustainable Investing
The Institute for Sustainable Investing aims to accelerate sustainable finance and the adoption of sustainable investing strategies across capital markets and drive strategic environmental, social and governance (ESG) initiatives across the firm.
Learn More About Sustainable Investing
Cash Management
Morgan Stanley CashPlus is a modern alternative to banking. More value and protection in one cash management account.
Learn More About Cash Management
Morgan Stanley At Work
Workplace financial solutions that help employees achieve their life goals. Our comprehensive offering spans Equity, Financial Wellness and Retirement solutions, plus Financial Empowerment, so your workforce can realize the full potential of their benefits.
Learn More About Morgan Stanley At Work
Develop Your Retirement Roadmap
The path to your ideal retirement may have some twists and turns, but smart planning can help you reach your destination. Where are you in your retirement journey?
Learn more about Retirement Goals and How to Achieve ThemRetirement Plan Consulting & Financial Wellness
As a Corporate Retirement Director, we can provide guidance and information to help you meet your fiduciary responsibilities. We know you’re busy managing your business and that you may not have the experience or the time to do what is necessary to make the right decisions. At Morgan Stanley, we have the tools and knowledge to help you make informed investment decisions as well as address your other plan responsibilities. You can feel confident knowing that Morgan Stanley is committed to putting our resources and experience to work for your organization’s retirement plan.
Our Experience Can Help Make a Difference
By offering your employees a retirement plan, you are providing them with the opportunity to save for retirement. You play a fundamental role in managing this essential employee benefit and it is important that you understand your obligations as a fiduciary.
We believe there are great benefits in working with us at Morgan Stanley, and that doing so can help enable you to improve the: Retirement readiness of your employees; Management of your fiduciary risk and responsibilities; and Overall performance of your plan.
We believe there are great benefits in working with us at Morgan Stanley, and that doing so can help enable you to improve the: Retirement readiness of your employees; Management of your fiduciary risk and responsibilities; and Overall performance of your plan.
Providing Financial Wellness Enables Your Workforce To Do Their Best Work
Companies that invest in financial wellness have an opportunity to reduce employee stress, improve retention and engagement, and set themselves apart by offering comprehensive financial wellness benefits.
Assessing Plan Competitiveness & Matching Your Goals
As a plan sponsor, you’re likely aware of both the regulatory changes and lawsuits surrounding fees. The value of this service is that it enables you to have a better understanding of the services you are receiving in relation to the costs you are paying. There is no requirement that you have to pay the lowest fees, but as a plan fiduciary, you are responsible for determining whether the fees you pay are reasonable in relation to the services you are receiving. To assist you in this determination we can provide benchmarking services and provider searches. If you decide to move to a new recordkeeper, we will be there every step of the way striving to ensure a smooth conversion, as this process can be both daunting and overwhelming.
Learn More About Understanding DC Plan ExpensesGuiding Your Investment Oversight
Regardless of whether we are providing advice or discretion, we implement a six step process that guides our investment oversight. It starts with understanding the needs of you and your plan participants.
We will then work with you to help you review your current or create a new investment policy statement which will guide us in reviewing, selecting and removing funds from the plan. While you, as the plan sponsor, ultimately have responsibility for the investment policy statement it is the document that will guide all investment decisions.
Next we will look at the investment line-up to determine if it has the appropriate exposure to various assets classes as well as whether your current funds are meeting the investment policy criteria and either recommend or make, depending on our role, investment changes.
Once the fund line-up has the appropriate asset classes represented and funds meeting the investment policy criteria, we will provide ongoing monitoring and reviews to help ensure the criteria continues to be met. For instance, if a fund no longer meets the investment policy criteria we will either recommend or make, depending on our role, investment changes.
Learn More About the Investment Analysis Process for DC Consulting ClientsWe will then work with you to help you review your current or create a new investment policy statement which will guide us in reviewing, selecting and removing funds from the plan. While you, as the plan sponsor, ultimately have responsibility for the investment policy statement it is the document that will guide all investment decisions.
Next we will look at the investment line-up to determine if it has the appropriate exposure to various assets classes as well as whether your current funds are meeting the investment policy criteria and either recommend or make, depending on our role, investment changes.
Once the fund line-up has the appropriate asset classes represented and funds meeting the investment policy criteria, we will provide ongoing monitoring and reviews to help ensure the criteria continues to be met. For instance, if a fund no longer meets the investment policy criteria we will either recommend or make, depending on our role, investment changes.
ERISA Fiduciary Services for Your Plan
We can provide Fiduciary services to your plan as either providing investment advice as described under ERISA 3(21)1 or we can take investment discretion as described under ERISA 3(21)2. When we take investment discretion we also become an ERISA 3(38) Investment Manager and will make all the decisions with regards to adding and replacing the investment funds in your plan.
Disclaimer:
When 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.
Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and/or affiliates, all wholly owned subsidiaries of Morgan Stanley.
Learn More About Selecting the Right Fiduciary Solution for Your PlanDisclaimer:
When 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.
Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and/or affiliates, all wholly owned subsidiaries of Morgan Stanley.
Location
105 West View Rd
5th Fl
Colchester, VT 05446
US
Direct:
(802) 863-7710(802) 863-7710
Toll-Free:
(800) 446-0193(800) 446-0193
Meet The Wilkins Strout Group
Senior Vice President, Wealth Management, Financial Advisor, Corporate Retirement Director, Financial Wellness Director, Financial Planning Specialist, Portfolio Manager
Phone:
(802) 652-6011(802) 652-6011
Erin Carroll
Portfolio Associate
Phone:
(802) 863-7710(802) 863-7710
About David T. Wilkins
David Wilkins is a Senior Vice President, Financial Advisor at Morgan Stanley. He focuses on implementing investment strategies and overseeing ongoing management of client portfolios.
As a second-generation advisor, David grew up around his Father, Tom’s practice and over the years has developed a passion for the industry and working with families. He started his career at Merrill Lynch in May 2009. In January 2010 David became a Registered Financial Advisor joining his father Tom, and the Wilkins Group was formed. David and Tom moved their practice to Morgan Stanley Wealth Management in May 2012. David has worked closely alongside Tom for over a decade and strives to deliver the “modern wealth management experience” which entails delivering not only investment management solutions but also holistic services to their clients such as cash management, lending solutions, and financial planning. David has his Series 7, 63, 65, and Life/Health/Accident Insurance Licenses, and is registered to do business in 30+ states, as of December 2022.
While building upon the legacy cemented by his father, David looks forward to providing his clients with unmatched service and helping create a direct path towards financial freedom for many years to come.
As a native Vermonter, David has an affinity for skiing and the outdoors. Prior to getting into the industry in 2009 and after graduating from St. Lawrence University in 2007, David worked in the ski and snowboard industry in Breckenridge, CO. David currently lives in South Burlington with his wife, Katie, their daughters, Grace Ellen and Isabella, and their dog, Diesel. David enjoys playing golf, soccer, skiing, and playing his electric and acoustic guitars.
Morgan Stanley Smith Barney LLC 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 http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
As a second-generation advisor, David grew up around his Father, Tom’s practice and over the years has developed a passion for the industry and working with families. He started his career at Merrill Lynch in May 2009. In January 2010 David became a Registered Financial Advisor joining his father Tom, and the Wilkins Group was formed. David and Tom moved their practice to Morgan Stanley Wealth Management in May 2012. David has worked closely alongside Tom for over a decade and strives to deliver the “modern wealth management experience” which entails delivering not only investment management solutions but also holistic services to their clients such as cash management, lending solutions, and financial planning. David has his Series 7, 63, 65, and Life/Health/Accident Insurance Licenses, and is registered to do business in 30+ states, as of December 2022.
While building upon the legacy cemented by his father, David looks forward to providing his clients with unmatched service and helping create a direct path towards financial freedom for many years to come.
As a native Vermonter, David has an affinity for skiing and the outdoors. Prior to getting into the industry in 2009 and after graduating from St. Lawrence University in 2007, David worked in the ski and snowboard industry in Breckenridge, CO. David currently lives in South Burlington with his wife, Katie, their daughters, Grace Ellen and Isabella, and their dog, Diesel. David enjoys playing golf, soccer, skiing, and playing his electric and acoustic guitars.
Morgan Stanley Smith Barney LLC 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 http://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
Securities Agent: MT, NJ, NE, DC, TX, OR, MS, VT, VI, FL, WA, NC, MI, MA, HI, GA, CT, CO, PA, NY, UT, ME, IN, CA, NH, VA, TN, RI, MN, LA, WI, SC, OH, IL, AZ, NV; General Securities Representative; Investment Advisor Representative
NMLS#: 510201
NMLS#: 510201
About Anna Strout
Annie has a bachelor’s degree from the University of Vermont where she graduated in the top of her class as a John Dewey Honors College Scholar and played for the Women's Division I Lacrosse Team. She joined Morgan Stanley after working as a financial services professional in the insurance industry and has been with the firm for over a decade. She proudly holds the titles of Corporate Retirement Director and Financial Wellness Director and is a Senior Vice President, Financial Advisor at Morgan Stanley.
Annie’s areas of focus are on comprehensive financial planning and 401(k) and retirement plan consulting for individuals, families, corporations and non-profits. As a Qualified Plan Financial Consultant (QPFC) she works closely with board members and investment committees to provide consulting, benchmarking, ongoing investment services, and education for both plan sponsors and participants. As a Financial Planning Specialist, she often works one-on-one with clients, helping them to prepare for their future with holistic planning.
Integrity and professionalism are the cornerstones of her practice and she seeks to build a strong level of trust with her clients by working closely with them throughout the relationship. She finds the most rewarding part of her job is forming meaningful relationships with clients and working with them throughout their life stages. Given her experience, she has the background to work with every type of client, and is a valuable resource to individuals across the investment spectrum--from those just starting to chart their course in the investment world to seasoned investors with highly complex and sophisticated financial needs.
Annie lives in South Burlington with her husband Chris, their son Ralph, and their two dogs Freddie and Baxter. She often gets confused for her identical twin-sister Emily, who is a Doctor at UVMMC and an Assistant Professor at the College of Medicine at UVM. Annie is known for her love of pizza, and enjoys friendly competition, mountain biking, running, cycling, skiing and golf.
In 2017, 2019, and 2020 Annie was named to the firm’s Pacesetter’s Club, a global recognition program for Financial Advisors who, early in their career have demonstrated the highest professional standards and first-class client service.
In 2024 Annie was named to the National Association of Plan Advisors (NAPA) list of Top Women Advisors and the Wilkins Strout Group at Morgan Stanley were named to NAPA’s Top DC Advisor Teams in 2024 & 2025.
In 2024 and 2025 Annie and the team were recognized by Forbes as one of the best-in-state Wealth Management Teams in Vermont.
In 2025 Annie was named to Forbes America’s Top Next-Gen Wealth Advisors Best-in-State.
In 2026 Annie was named to Forbes America’s Top Women Wealth Advisors Best-in-State.
2024 , 2025, & 2026 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (2024 & 20025) Forbes Best-In-State Wealth Management Teams ranking awarded in 2024 & 2025. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in March of the previous year the award was issued, having commenced in March of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC, for placement on its rankings. This ranking is based on in-person and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. These rankings are not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com. ©2026 Morgan Stanley Smith Barney LLC. Member SIPC.
2024 NAPA's Top Women Advisors
Source: napa-net.org (October 2024) awarded in 2024. This ranking was determined based on an evaluation process conducted by NAPA during the period from Aug 2023 – Aug 2024. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to NAPA to obtain or use the ranking. Nominations from the list were provided by NAPA Broker-Dealer/RIA Firm Partners. Nominees must be women retirement plan advisors with their own book of business. Nominees were required to submit responses to an application comprised of a series of quantitative and qualitative questions about their experience, size and composition of their practice, awards and recognitions, and industry contributions, which were then reviewed by a panel of senior advisor industry experts, who, based on those criteria, and following a broker-check review, selected the top women advisors. Ratings are based on the opinion of NAPA and may not be representative of any one client’s experience nor indicative of the advisor’s future performance. © 2024 Morgan Stanley Smith Barney LLC. Member SIPC.
2024 & 2025 NAPA Top DC Advisor Teams
Source: napa-net.org Awarded in 2024 & 2025. Each ranking was determined based on self-reported assets under advisement as of Dec 31, of the year prior to the year the award was given. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to NAPA to obtain or use the ranking. Nominees must be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. Ratings are based on the opinion of NAPA and may not be representative of any one client’s experience nor indicative of the advisor’s future performance.
©2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State 2025
Source: Forbes.com (Awarded August 2025).This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period 3/31/24-3/31/25. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC for placement on its rankings. This ranking is based on in-person, virtual and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client impact, industry experience, review of best practices and compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Morgan Stanley Wealth Management Pacesetter’s Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter’s Club membership is no guarantee of future performance.
2026 Forbes America’s Top Women Wealth Advisors Best-In-State
Source: Forbes.com (Awarded February 2026). This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period 6/30/24 – 6/30/25). Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC for placement on its rankings. This ranking is based on in-person, virtual and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client impact, industry experience, client retention, review of best practices and compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
Awards Disclosures
Morgan Stanley Wealth Management Pacesetter's Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club membership is no guarantee of future performance.
Morgan Stanley Smith Barney LLC 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 https://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
When Morgan Stanley Smith Barney LLC , its affiliates and Morgan Stanley Financial Advisors and Prive Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or 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 Stanly provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, 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 advisor (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.
©2026 Morgan Stanley Smith Barney LLC. Member SIPC
CRC 4761850 01/26
Annie’s areas of focus are on comprehensive financial planning and 401(k) and retirement plan consulting for individuals, families, corporations and non-profits. As a Qualified Plan Financial Consultant (QPFC) she works closely with board members and investment committees to provide consulting, benchmarking, ongoing investment services, and education for both plan sponsors and participants. As a Financial Planning Specialist, she often works one-on-one with clients, helping them to prepare for their future with holistic planning.
Integrity and professionalism are the cornerstones of her practice and she seeks to build a strong level of trust with her clients by working closely with them throughout the relationship. She finds the most rewarding part of her job is forming meaningful relationships with clients and working with them throughout their life stages. Given her experience, she has the background to work with every type of client, and is a valuable resource to individuals across the investment spectrum--from those just starting to chart their course in the investment world to seasoned investors with highly complex and sophisticated financial needs.
Annie lives in South Burlington with her husband Chris, their son Ralph, and their two dogs Freddie and Baxter. She often gets confused for her identical twin-sister Emily, who is a Doctor at UVMMC and an Assistant Professor at the College of Medicine at UVM. Annie is known for her love of pizza, and enjoys friendly competition, mountain biking, running, cycling, skiing and golf.
In 2017, 2019, and 2020 Annie was named to the firm’s Pacesetter’s Club, a global recognition program for Financial Advisors who, early in their career have demonstrated the highest professional standards and first-class client service.
In 2024 Annie was named to the National Association of Plan Advisors (NAPA) list of Top Women Advisors and the Wilkins Strout Group at Morgan Stanley were named to NAPA’s Top DC Advisor Teams in 2024 & 2025.
In 2024 and 2025 Annie and the team were recognized by Forbes as one of the best-in-state Wealth Management Teams in Vermont.
In 2025 Annie was named to Forbes America’s Top Next-Gen Wealth Advisors Best-in-State.
In 2026 Annie was named to Forbes America’s Top Women Wealth Advisors Best-in-State.
2024 , 2025, & 2026 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (2024 & 20025) Forbes Best-In-State Wealth Management Teams ranking awarded in 2024 & 2025. Each ranking was based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher). This evaluation process concluded in March of the previous year the award was issued, having commenced in March of the year before that. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC, for placement on its rankings. This ranking is based on in-person and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. These rankings are not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com. ©2026 Morgan Stanley Smith Barney LLC. Member SIPC.
2024 NAPA's Top Women Advisors
Source: napa-net.org (October 2024) awarded in 2024. This ranking was determined based on an evaluation process conducted by NAPA during the period from Aug 2023 – Aug 2024. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to NAPA to obtain or use the ranking. Nominations from the list were provided by NAPA Broker-Dealer/RIA Firm Partners. Nominees must be women retirement plan advisors with their own book of business. Nominees were required to submit responses to an application comprised of a series of quantitative and qualitative questions about their experience, size and composition of their practice, awards and recognitions, and industry contributions, which were then reviewed by a panel of senior advisor industry experts, who, based on those criteria, and following a broker-check review, selected the top women advisors. Ratings are based on the opinion of NAPA and may not be representative of any one client’s experience nor indicative of the advisor’s future performance. © 2024 Morgan Stanley Smith Barney LLC. Member SIPC.
2024 & 2025 NAPA Top DC Advisor Teams
Source: napa-net.org Awarded in 2024 & 2025. Each ranking was determined based on self-reported assets under advisement as of Dec 31, of the year prior to the year the award was given. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to NAPA to obtain or use the ranking. Nominees must be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. Ratings are based on the opinion of NAPA and may not be representative of any one client’s experience nor indicative of the advisor’s future performance.
©2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Forbes America’s Top Next-Gen Wealth Advisors & Top Next-Gen Wealth Advisors Best-in-State 2025
Source: Forbes.com (Awarded August 2025).This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period 3/31/24-3/31/25. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC for placement on its rankings. This ranking is based on in-person, virtual and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client impact, industry experience, review of best practices and compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
Morgan Stanley Wealth Management Pacesetter’s Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter’s Club membership is no guarantee of future performance.
2026 Forbes America’s Top Women Wealth Advisors Best-In-State
Source: Forbes.com (Awarded February 2026). This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) for the period 6/30/24 – 6/30/25). Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC for placement on its rankings. This ranking is based on in-person, virtual and telephone due diligence meetings to evaluate each Financial Advisor qualitatively, a major component of a ranking algorithm that includes client impact, industry experience, client retention, review of best practices and compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
Awards Disclosures
Morgan Stanley Wealth Management Pacesetter's Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club membership is no guarantee of future performance.
Morgan Stanley Smith Barney LLC 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 https://www.morganstanleyindividual.com or consult with your Financial Advisor to understand these differences.
When Morgan Stanley Smith Barney LLC , its affiliates and Morgan Stanley Financial Advisors and Prive Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or 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 Stanly provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, 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 advisor (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.
©2026 Morgan Stanley Smith Barney LLC. Member SIPC
CRC 4761850 01/26
Securities Agent: NY, GA, FL, TX, NJ, ME, DC, CA, WI, MT, KY, CO, VA, PA, NH, MS, IL, HI, OR, AZ, SC, MA, TN, RI, OH, NC, IN, CT, WA, VI, VT, NV, MN, MI, NE, MD, UT, LA; General Securities Representative; Investment Advisor Representative
NMLS#: 1297879
NMLS#: 1297879
About Erin Carroll
Erin Carroll is a Portfolio Associate with over 20+ years of experience building client relationships and providing seamless client service. She has built a reputation for providing personalized, high touch service and goes above and beyond for the team’s clients. Erin ensures clients receive the first-class level of service they expect and deserve from Morgan Stanley and she is the first point of contact in resolving all client-related needs. Following in her mother Pat’s footsteps, Erin is a second-generation team member. Pat had been working with David’s father, Tom Wilkins since 1983 when Erin started her career at Merrill Lynch in 2000. In 2012, the team moved to Morgan Stanley and in 2016 Pat retired leaving Erin to continue her legacy of service excellence. Erin is not only a familiar face and voice for the team’s multi-generational practice, she also has easily become the team’s COO. Erin puts clients’ best interests first and can be counted on to get any job done with a positive and teamwork oriented attitude.
Erin is a Coach for the Northern States Complex, participating in onboarding and training of new Support Professionals and continuing education opportunities for her peers. She currently serves on New England Region Diversity & Inclusion Council at Morgan Stanley where she works to create and implement innovative diversity programs and initiatives. As a former board chair for both the Women’s Rape Crisis Center (HOPE Works) and for the Pride Center of VT, Erin is passionate about ending violence against Women, LGBTQ rights, and about giving back to the community.
Erin lives in Hinesburg with her wife Nathalie, their cat Cocoa, and their dog Nilla.
Erin is a Coach for the Northern States Complex, participating in onboarding and training of new Support Professionals and continuing education opportunities for her peers. She currently serves on New England Region Diversity & Inclusion Council at Morgan Stanley where she works to create and implement innovative diversity programs and initiatives. As a former board chair for both the Women’s Rape Crisis Center (HOPE Works) and for the Pride Center of VT, Erin is passionate about ending violence against Women, LGBTQ rights, and about giving back to the community.
Erin lives in Hinesburg with her wife Nathalie, their cat Cocoa, and their dog Nilla.
Contact David T. Wilkins
Contact Anna Strout
Awards and Recognition
Forbes Best-In-State Wealth Management Teams
2024-2025 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2024-2025). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
NAPA's Top Women Advisors
2024 NAPA's Top Women AdvisorsSource: napa-net.org (October 2024) Data compiled by NAPA for the time period August 2023-August 2024.
Forbes Top Women Wealth Advisors Best-In-State
Forbes Top Women Wealth Advisors Best-In-State Source: Forbes.com (Awarded Feb 2025) Data compiled by SHOOK Research LLC for the period 9/30/23 - 9/30/24.
Forbes Top Next-Gen Wealth Advisors Best-In-State
Forbes Top Next-Gen Wealth Advisors Best-in-State Source: Forbes.com (Awarded Aug 2025) Data compiled by SHOOK Research LLC for the period 3/31/24 - 3/31/25.
PLANADVISER Top Retirement Advisors
2026 PLANADVISER Top Retirement Advisers Source: planadviser.com (Awarded March 2026) Data compiled by ISS Media based on applications submitted during nomination period of January - February 2026.
5
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
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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Retirement for Plan Sponsors
End-to-End Services, Made Simple:
We can provide the tools and guidance to help you manage a retirement plan.
We can provide the tools and guidance to help you manage a retirement plan.
- Plan Evaluation
- Investment Management
- Plan Management Support
- Plan Participant Education
Small Business Retirement Plans
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Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
Ready to start a conversation? Contact The Wilkins Strout Group today.
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 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.
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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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.
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.
8Morgan 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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan 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.
11Morgan 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.
12Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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.
13Morgan 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.
14Morgan 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.
15Morgan 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
16Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
17Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
18Annuities 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 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
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 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.
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.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should 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.
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.
8Morgan 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.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan 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.
11Morgan 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.
12Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact 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.
13Morgan 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.
14Morgan 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.
15Morgan 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
16Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
17Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
18Annuities 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 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
CRC 4665150 (8/2025)
