Phone:
(202) 292-5430(202) 292-5430
Morgan Stanley Private Wealth Management
The Wohlgemuth Group
Direct:
(202) 292-5400(202) 292-5400
Our Mission Statement
Dedicated to empowering our clients and their families through unparalleled professional guidance, integrity, and trust.
With over 80 years of combined experience, we are committed to fostering prosperity and enduring legacies.
With over 80 years of combined experience, we are committed to fostering prosperity and enduring legacies.
Welcome
WELCOME
We are delighted to welcome you to a partnership dedicated to navigating the intricate world of financial success. Our focus is on guiding wealthy families through the complexities of their financial landscape, recognizing the uniqueness of each family's journey.
Operating as a boutique-like group within the global landscape, we are dedicated to providing customized strategies for wealthy families. Our mission goes beyond managing wealth; it's about creating a legacy that spans generations.
Why Choose Us?
Inter-Generational Wisdom: Benefit from a team that leverages extensive experience and family office resource services, ensuring a holistic approach to your financial needs.
Rapid, Accurate Connections: Our vast network allows us to connect you swiftly and precisely with the resources that matter, creating a tailored experience for you and your family.
Exclusivity and Longevity: By limiting our book to a select few with $1 billion in assets, we ensure a focus on quality relationships. Jim's 30+ years of client relationships showcase our dedication to long-term success.
For Entrepreneurs:
If you're an entrepreneur seeking a dynamic relationship, you are in the right place. Explore our website to discover how our team can help you navigate newfound wealth, whether through a recent company sale or IPO.
Founders and New Wealth:
We focus on assisting founders like you in managing and growing their wealth.
This professional focus extends to those who have recently sold their companies or taken them public. Explore the possibilities, envision your financial future, and know that you've found a team committed to translating your ambitions into reality.
Welcome to The Wohlgemuth Group, we look forward to connecting soon.
Capabilities
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
About PWM
Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
- Manage investments with an unwavering focus on your financial strategy and personal goals
- Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
- Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
- Approximately 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Approach
Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.
Family Office Resources
Your family is unlike any other we have ever served. You may, however, share many of the same questions, challenges, and opportunities. We look forward to learning more about you and your family, and discussing how can help you safeguard what you have earned and pursue your most important life goals.
Family Governance and Education
Too often, members of rising generations spend decades in silence. Having a mechanism in place such as a family mission statement, a family constitution or an investment policy statement can offer critical parameters and guidelines to make decisions as a collective.
Learn about our Investment Policy Here
Trust and Estate Planning Within Business Succession
The key to determining which trust, tax and estate strategies to execute is to understand the interplay of personal and exogenous factors. Liquidity events such as an initial public offering or a merger or acquisition may provide income and estate planning opportunities.
Click Here to Read "Know Your Gaps"
Lifestyle Services
We provide bespoke solutions and access to knowledgeable, highly personal specialists to help meet
your exceptional needs, from the everyday to the extraordinary, such as: travel and concierge services, health and security advisory, tangible asset management, personal enrichment, and financial administration.
Learn More About Our Offering Hereyour exceptional needs, from the everyday to the extraordinary, such as: travel and concierge services, health and security advisory, tangible asset management, personal enrichment, and financial administration.
Philanthropic Advisory
Holding philanthropic conversations with our team and your family to discuss values, motivations, visions and to develop a mission statement is an effective step to achieving long term philanthropic engagement. Deciding on what level of visibility you want, what type of program to support and how long you envision your involvement to last, are your matters that matter to us.
Strategic Giving: Services for Individuals and Families
Art Advisory
Whether you have inherited a valuable collection or built one of your own, the stewardship of fine art and collectibles presents an extensive range of formidable challenges. With experienced art advisors at your side, you have the guidance you need to avoid pitfalls and the expertise to manage your collection as the significant asset it is.
ART Resources Team FactsheetEntrepreneur Suite of Resources
By engaging our team, you gain access to the intellectual capital and vast resources of our firm to help you manage your personal finances. Private Wealth Management can extend that range into your professional life, delivering the capital markets and institutional investing solutions needed to help pursue the strategic ambitions of your enterprise.
Reach out to us to find out how we can assist with your entrepreneurial endeavors.
Reach out to us to find out how we can assist with your entrepreneurial endeavors.
Choosing a Business Structure
The choice of business structure is a critical strategic decision with wide- ranging impacts on the future of your business. These include how your profits will be taxed, the degree of creditor protection you will be afforded and the range of exit strategies that will ultimately be available to you.
Read "Choosing a Business Structure" Here
Early-Stage Trust and Estate Planning
In the early stages of your company's growth, it can be difficult to focus on anything other than running your business. Personal financial planning is often overlooked and estate planning appears to be a distant concern at best.
Those early stages, however, is also a
particularly important and productive
time to conduct in-depth estate planning.
Read "Early-Stage Trust and Estate Planning" HereThose early stages, however, is also a
particularly important and productive
time to conduct in-depth estate planning.
Overview of Wealth Planning Structures
As the value of your company Increases, it can become increasingly difficult to effectively redistribute the wealth among family members. One solution to this dilemma involves establishing estate planning structures that permit beneficiaries to profit from the appreciation in company value while hopefully minimizing the impact of federal estate and gift taxes.
Read "Overview of Wealth Planning Structures" Here
The Public Sale of Privately Held Business
Generally speaking, there are three basic liquidity scenarios: a cash sale, a tax-free stock acquisition (usually by a public company) or an IPO. Each involves different considerations.
Read "The Public Sale of Privately Held Business" Here
Family-Owned Business Succession Strategies
Raising children who are not only willing but also capable of taking over the family enterprise is an exceptional achievement in its own right. It can also create complex challenges related to your own retirement planning, family dynamics and the operation of your business. In order to manage transfer taxes, it is best to implement planning in advance of significant appreciation in the business.
Read "Family-Owned Business Succession Strategies" Here
Philanthropic Strategies and Structures
One of the great pleasures of building a successful business is the platform it provides to create the change you want to see in the world. There is a broad range of approaches that you may wish to consider and each option has unique characteristics, from various forms of donor control to varying degrees of flexibility, cost and complexity. While most of these strategies can be deployed at any point in the development of your business, there can be considerable efficiencies to be gained by implementing certain strategies in advance of an IPO, or the sale of your business.
Read "Philanthropic Strategies and Structures" Here
Understanding Equity Compensation
Depending on your ultimate exit strategy, you may reach a point where the better part of your net worth is held in the form of publicly traded stock and options. You may have to manage different types of incentive compensation, and decide when, how and if you want to divest some of these assets to diversify your overall holding and pursue your future business, philanthropic and wealth transfer goals.
Read "Understanding Equity Compensation" HereLocation
1747 Pennsylvania Ave NW
Ste 900
Washington, DC 20006
US
Direct:
(202) 292-5400(202) 292-5400
Meet The Wohlgemuth Group
Phone:
(202) 292-5377(202) 292-5377
Kathryn Paniagua
Vice President, PWM Director of Investments
Phone:
(202) 292-5433(202) 292-5433
Bethany Montgomery
Private Wealth Management Associate
Phone:
(202) 292-5434(202) 292-5434
Anishaa Tripuraneni
Registered Client Service Associate
Phone:
(202) 292-5458(202) 292-5458
Daniel Syvret
Client Service Associate
About Jim Wohlgemuth
Jim Wohlgemuth has spent almost 40 years gathering the skills and experiences needed to help highly successful families address their financial needs. Jim began his financial services career in 1983 with Dean Witter Reynolds. In 1987, he joined Alex Brown and Sons and became Managing Director in 1997. Jim’s primary responsibility was advising executives of investment banking clients and family offices. In 2009, Jim joined Morgan Stanley Private Wealth Management. In 2022, Jim was selected #5 overall in Washington DC, as a Barron’s Top 1,200 Financial Advisors: State-by-State. Jim also received Barron's Top 100 Financial Advisors awards (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State) during the period of 2008-2015. He was also named among the Financial Times 400 Top Advisers in 2015, and honored as one of Forbes Best-In-State Wealth Advisors (2022).
Jim received his MBA from George Washington University and a Bachelor of Arts in Political Science from Colorado State University. He lives in Woodley Park with his wife, Caroline, and their four sons. Jim is an enthusiastic skier, fisherman, cyclist and sailor.
2008- 2015 - Barron's Top 100 Financial Advisors (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2018-2015). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
2002 - Barron's Top 1,200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2022) Data compiled by Barron's based on time period from Sept 2020 - Sept 2021.
2015 - Financial Times 400 Top Financial Advisors
Source: ft.com (Awarded Mar 2015) Data compiled by the Financial Times based on time period from 9/30/13 - 9/30/14.
2022 - Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Jim received his MBA from George Washington University and a Bachelor of Arts in Political Science from Colorado State University. He lives in Woodley Park with his wife, Caroline, and their four sons. Jim is an enthusiastic skier, fisherman, cyclist and sailor.
2008- 2015 - Barron's Top 100 Financial Advisors (formerly referred to as Barron's Top 1,000 Financial Advisors: State-by-State)
Source: Barrons.com (Awarded 2018-2015). Data compiled by Barron's based on 12-month period concluding in Dec of the year prior to the issuance of the award.
2002 - Barron's Top 1,200 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Mar 2022) Data compiled by Barron's based on time period from Sept 2020 - Sept 2021.
2015 - Financial Times 400 Top Financial Advisors
Source: ft.com (Awarded Mar 2015) Data compiled by the Financial Times based on time period from 9/30/13 - 9/30/14.
2022 - Forbes Best-In-State Wealth Advisors
Source: Forbes.com (Awarded Apr 2022) Data compiled by SHOOK Research LLC based on time period from 6/30/20 - 6/30/21.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Securities Agent: MI, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, KS, MA, MD, ME, MN, MO, NC, NH, NJ, NM, NV, NY, OR, PA, TN, TX, UT, VA; General Securities Representative; Investment Advisor Representative
NMLS#: 1279018
NMLS#: 1279018
About John Wohlgemuth
John Wohlgemuth earned his MBA from Georgetown University and an undergraduate degree at the University of Vermont with a B.S. in finance. Prior to joining Morgan Stanley, John completed a post-MBA Finance Leadership Development Program at AT&T, during which he held roles in Investor Relations, Strategic Pricing, and Chief of Staff for the team responsible for completing the divestiture of DirecTV and the spin-off of Warner Media.
In his most recent role at AT&T, John served as the regional CFO for the Mid-Atlantic, Ohio, and Pennsylvania markets, where he managed a team of analysts and sales leaders covering thousands of retail locations, millions of AT&T customer relationships, and billions in earnings.
John joined Morgan Stanley through the Private Wealth Advisor Associate program, where he received customized training and worked closely with specialists from across the firm to gain a thorough understanding of how to leverage Morgan Stanley’s state-of-the-art financial products and offerings. After successfully passing the program, John went on to attain his CEPA certification with the Exit Planning Institute in 2024.
In his free time, John enjoys spending time on the Eastern Shore with his wife, Eloise, and their two dogs. He is also an avid skier, golfer, and outdoorsman.
In his most recent role at AT&T, John served as the regional CFO for the Mid-Atlantic, Ohio, and Pennsylvania markets, where he managed a team of analysts and sales leaders covering thousands of retail locations, millions of AT&T customer relationships, and billions in earnings.
John joined Morgan Stanley through the Private Wealth Advisor Associate program, where he received customized training and worked closely with specialists from across the firm to gain a thorough understanding of how to leverage Morgan Stanley’s state-of-the-art financial products and offerings. After successfully passing the program, John went on to attain his CEPA certification with the Exit Planning Institute in 2024.
In his free time, John enjoys spending time on the Eastern Shore with his wife, Eloise, and their two dogs. He is also an avid skier, golfer, and outdoorsman.
Securities Agent: ME, NC, TN, NV, VA, UT, TX, PA, OR, NY, NM, NJ, NH, MO, MN, MI, MD, MA, KS, IL, ID, GA, FL, DE, DC, CT, CO, CA, AZ; General Securities Representative; Investment Advisor Representative
NMLS#: 2529447
NMLS#: 2529447
About Kathryn Paniagua
Kathryn joined Morgan Stanley in 2009, and currently serves as the team’s Director of Investments. In this role she works with clients to help achieve their investment goals by developing, maintaining, and overseeing their strategic investment plans. The team has a highly customized approach in investment selection, and she relies on 20 years of industry experience to understand each family’s unique situation.
Prior to joining Morgan Stanley, she worked at Deutsche Bank Alex Brown. Kathryn received a Bachelor's in Finance and International Business at James Madison University. She lives in Capitol Hill, Washington DC with her husband and three children. She grew up at the Jersey shore and loves to spend her summers with friends and family. In her free time she enjoys cooking, traveling and exercising.
Prior to joining Morgan Stanley, she worked at Deutsche Bank Alex Brown. Kathryn received a Bachelor's in Finance and International Business at James Madison University. She lives in Capitol Hill, Washington DC with her husband and three children. She grew up at the Jersey shore and loves to spend her summers with friends and family. In her free time she enjoys cooking, traveling and exercising.
About Bethany Montgomery
Bethany has worked in the financial service industry for several years. As a registered associate for the team, she is able to gage client needs and assist them accordingly. Prior to her career, Bethany received a Bachelor of Science in Finance from George Mason University. She currently resides in Arlington, Virginia with her two dogs.
About Anishaa Tripuraneni
As a Registered Associate, Anishaa will assist with a variety of client service requests while supporting the general operations of the team. She has worked in the industry for two years obtaining her series 7 and 66 licenses at Merrill Lynch before her move to Morgan Stanley. Anishaa holds a B.S. in Risk Management and Insurance from The University of South Carolina and will soon be graduating with her Masters in Finance from Georgetown University. As a Virginia native living in the DC area, Anishaa enjoys spending her free time exploring the city with her dog Edgar.
About Daniel Syvret
Daniel is dedicated to the client experience and meeting client needs in a timely manner. Before moving to DC, Daniel lived in Allentown, PA and worked at The Vanguard Group Inc. outside of Philadelphia for two and a half years. While at Vanguard, Daniel specialized in retail retirement accounts and small business retirement plans. Daniel received his Bachelors degree from Ithaca College and his Masters degree from The University of Texas at Austin. When Daniel is not working, he enjoys going on hikes, writing music, and playing with his two cats.
Contact Jim Wohlgemuth
Contact John Wohlgemuth
Private Wealth Management
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Wealth Management
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Portfolio Insights
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Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
Funding Climate Action: Pathways for Philanthropy
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Insights and Outcomes
Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
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We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Products 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.
3The 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.
4Morgan 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.
5Morgan 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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 does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
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 and other legal matters.
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.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products 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.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan 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
Awards Disclosures
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.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Products 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.
3The 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.
4Morgan 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.
5Morgan 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.
6Morgan 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.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
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 does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
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 and other legal matters.
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.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
See the Financial Advisors Biographies for Registration and Licensing information.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products 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.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan 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
Awards Disclosures
CRC 4237142 (02/2025)
