Senior Vice President, Financial Advisor, Senior Portfolio Management Director, Financial Planning Specialist
Phone:
(281) 863-5521(281) 863-5521
The Ward Chefas Group at Morgan Stanley
Direct:
(281) 863-5521(281) 863-5521
Our Mission Statement
We provide excellence in helping clients like you with your personalized investment and financial strategies.
About Us
At The Ward Chefas Group, we strive to design wealth preserving financial strategies for our clients' unique objectives. With a passionate focus on your life goals, we create strategies to help navigate the realities of markets, taxation, legacy planning, and risk management strategies. With our combined experience and market perspective, we are able to offer quality guidance and exceptional service.
We believe that working collectively as a team allows us to provide our clients with sophisticated strategies, while ensuring that they benefit from the highest level of service. We bring complementary skills and perspectives to our clients and are committed to meeting their needs promptly and professionally.
We strive to offer our clients the finest thinking, products and strategies to help them achieve their specific financial goals. We continuously deliver value through Morgan Stanley research, our Portfolio Management platform, and tax-efficient investment strategies. When we work together, our clients benefit from personalized advice, objective guidance and dedication to their success as an investor. With Morgan Stanley's renowned technological and investment resources, we can develop and maintain an optimal financial plan to help address the entirety of our clients' financial concerns.
Awards & Recognition
The Ward Chefas Group was recognized as one of the Forbes Best-In-State Wealth Management teams in 2024 and 2025.
2024 and 2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2024 and 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. (https://mgstn.ly/3HeMkw0)
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Professional Portfolio ManagementFootnote3
- Executive Financial ServicesFootnote4
- Executive Benefit ServicesFootnote5
- Defined Contribution PlansFootnote6
- Qualified Retirement PlansFootnote7
- Alternative InvestmentsFootnote8
- 401(k) Rollovers
- Stock Option PlansFootnote9
- Estate Planning StrategiesFootnote10
- Long Term Care InsuranceFootnote11
- Life InsuranceFootnote12
- Cash ManagementFootnote13
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
The 7-Step Financial Planning Process
The Financial Planning Process
Financial Counseling Program
Financial Counseling Program
The Financial Counseling Program is an executive benefit designed to provide personal financial advice to employees in order to help maximize their preparation towards retirement. The program provides a personal Certified Financial Planner® from the Ward Chefas Team to help you understand the full scope of compensation, investments, and benefits to help manage personal financial wealth.
Areas of focus include: CIP, ESIP, CRP, LTIP, RRP, DCP, ESIP-RP, Retiree Medical Plan, Medicare, Social Security, Net Unrealized Appreciation (NUA), etc.
•Designed to help maximize Compensation, Retirement, and Benefit Plans
•Takes advantage of Investment, Tax, Insurance, and Estate planning strategies
•Further assist with the management of financial affairs
•A recognition of time commitment and dedication
The FCP program was established in January 2012. Gary Ward was selected as one of the first advisors to offer this service to eligible participants. Offered to only PSG 26 and above (or Law Guide Curve LCG equivalent), the annual financial planning process offers one-on-one personalized interactions that will help you make well in-formed decisions for your financial future.
The Financial Counseling Program is an executive benefit designed to provide personal financial advice to employees in order to help maximize their preparation towards retirement. The program provides a personal Certified Financial Planner® from the Ward Chefas Team to help you understand the full scope of compensation, investments, and benefits to help manage personal financial wealth.
Areas of focus include: CIP, ESIP, CRP, LTIP, RRP, DCP, ESIP-RP, Retiree Medical Plan, Medicare, Social Security, Net Unrealized Appreciation (NUA), etc.
•Designed to help maximize Compensation, Retirement, and Benefit Plans
•Takes advantage of Investment, Tax, Insurance, and Estate planning strategies
•Further assist with the management of financial affairs
•A recognition of time commitment and dedication
The FCP program was established in January 2012. Gary Ward was selected as one of the first advisors to offer this service to eligible participants. Offered to only PSG 26 and above (or Law Guide Curve LCG equivalent), the annual financial planning process offers one-on-one personalized interactions that will help you make well in-formed decisions for your financial future.
EQUITY COMPENSATION 101
Helping our clients understand how their equity compensation works can allow them to more effectively integrate their equity award into their broader financial plan and use it to meet both their short-term and long-term goals. Below we have included resources to give more insight on the several types of equity compensation packages, some of their tax implications and how we can start thinking on how to align them with our goals.
Morgan Stanley Reserved Living & Giving
Reserved Living & Giving (RLG) is a tiered complimentary loyalty program that rewards our most valued clients. The program is designed to enhance our clients lifestyle and relationship with the firm beyond traditional wealth management services.
As a Reserved member, clients will have access to exclusive partner offers and discounts, as well as thought leadership content on a variety of lifestyle and personal finance topics.
Clients with $1 million+ in assets and liabilities at Morgan Stanley are eligible to enroll in the Reserved Living & Giving program.
As a Reserved member, clients will have access to exclusive partner offers and discounts, as well as thought leadership content on a variety of lifestyle and personal finance topics.
Clients with $1 million+ in assets and liabilities at Morgan Stanley are eligible to enroll in the Reserved Living & Giving program.
Exclusive Offers and Insights from Premium Brands for You and Your Family
Learn more about some of our partnerships, extensive list of offers and benefits
Get Started and Enroll HereReserved Video
Learn more about the program and how clients are currently leveraging these select services
Watch The Video HereLocation
24 Waterway Ave
Ste 600
The Woodlands, TX 77380
US
Direct:
(281) 863-5521(281) 863-5521
Meet The Ward Chefas Group
First Vice President, Wealth Management, Financial Advisor, Portfolio Management Director, Financial Planning Specialist
Financial Advisor, Financial Planning Specialist, Workplace Advisor - Equity Compensation
Jacquelyn Davis
Registered Client Service Associate
Phone:
(281) 362-4701(281) 362-4701
Sterling Jones
Client Service Associate
Phone:
(281) 863-5542(281) 863-5542
About Gary R Ward
Gary Ward is a Senior Portfolio Management Director and Financial Planning Specialist for Morgan Stanley Wealth Management. Licensed since 1985, he helps clients organize, prioritize, and reach their financial goals. As a Portfolio Manager, he constructs proprietary client portfolios consistent with the risks and objectives of each client. He leverages the research and services of Morgan Stanley to help clients increase the likelihood of a successful retirement and simplify their financial lives. Gary has been part of the Palo Alto Reinvestment Group at Morgan Stanley since 2008. Using his experience working with executives of Fortune 500 companies, he helps clients diversify their concentrated equity positions and maximize their corporate benefits and options. He graduated from The University of Texas at Austin and earned a BA in Finance. He has two daughters-both graduates of his alma mater, UT. He lives in Magnolia, TX with his wife, Doris, and his hobbies include golf, pickleball, travel, and many outdoor activities.
Securities Agent: IL, MI, WA, OK, VA, NH, SC, NM, GA, NC, MN, CA, TN, NY, MT, MD, MA, IN, AZ, FL, TX, NV, OR, OH, PA, LA, CO; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1270261
NMLS#: 1270261
About Steven Chefas
Steven is an First Vice President Financial Advisor for Morgan Stanley Wealth Management. He joined the firm in 2012 and holds Series 7, 66, 31, and both Texas and California Health & Life & LTC insurance licenses. Steven was hired for the pilot class of the Wealth Advisor Associate program, which has become an integrated part of Morgan Stanley training and recruiting efforts. He partnered with Gary Ward to form the Ward Chefas Group at Morgan Stanley in 2014. He received his CERTIFIED FINANICAL PLANNER™ designation in 2015, one of the highest marks in the Financial Planning industry.
Steven practices strategic financial management using a variety of investment vehicles centered around comprehensive planning for high net worth individuals and their families designed to help maximize wealth and long-term life goals. He utilizes strategies in areas including Investment, Tax Minimization, Insurance and Estate planning services to help maximize client’s wealth and preserve legacy.
Steven received a Bachelor of Science (BS) in Business Administration from the University of Central Florida, and became a Certified Arborist® in 2010. Steven has three young daughters who enjoy swimming, camping and horseback riding. He volunteers as a Certified Referee Official for Northwest Aquatics League in his spare time.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Steven practices strategic financial management using a variety of investment vehicles centered around comprehensive planning for high net worth individuals and their families designed to help maximize wealth and long-term life goals. He utilizes strategies in areas including Investment, Tax Minimization, Insurance and Estate planning services to help maximize client’s wealth and preserve legacy.
Steven received a Bachelor of Science (BS) in Business Administration from the University of Central Florida, and became a Certified Arborist® in 2010. Steven has three young daughters who enjoy swimming, camping and horseback riding. He volunteers as a Certified Referee Official for Northwest Aquatics League in his spare time.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Securities Agent: AZ, OR, NY, MT, CO, VA, PA, MN, MI, GA, FL, MD, LA, IN, TN, SC, NH, CA, WA, OK, NV, NM, MA, TX, OH, NC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1393611
CA Insurance License #: 0M27059
NMLS#: 1393611
CA Insurance License #: 0M27059
About Cortney Corpus
Cortney is a graduate of Stephen F. Austin State University in Nacogdoches, TX where she earned a Bachelor of Business Administration in Finance. When she was a child, she was intrigued with stocks and remembers asking for Nike shoes for Christmas and her grandfather gave her a Nike Stock Certificate instead. She held onto it ever since, and as you can imagine, she has seen major appreciation. When she entered college, she knew the financial industry was her calling. After graduating, Cortney earned her Series 7 and 66 licenses and began her career as a Financial Advisor and Financial Planning Specialist at Morgan Stanley. She spent time as a regional resource for Morgan Stanley developing financial and retirement plans. This is how she gained the knowledge, skill set, and ability to forge strong relationships built on integrity, trust, and placing client interests' first.
Cortney also earned the Certified Financial Planner, CFP®, designation enabling her to create financial strategies that are tailored to each individual client's risk and investment parameters. She works high net worth clients to identify and articulate their goals and objectives, and provides real planning solutions, both short and long term, so clients can achieve economic freedom.
Cortney is a native Houstonian and remains active in the athletic community. She is an avid Pickleball player and spends a lot of her time on the court practicing for tournaments and leagues. Cortney has a competitive edge and likes to beat people at things!
Cortney also earned the Certified Financial Planner, CFP®, designation enabling her to create financial strategies that are tailored to each individual client's risk and investment parameters. She works high net worth clients to identify and articulate their goals and objectives, and provides real planning solutions, both short and long term, so clients can achieve economic freedom.
Cortney is a native Houstonian and remains active in the athletic community. She is an avid Pickleball player and spends a lot of her time on the court practicing for tournaments and leagues. Cortney has a competitive edge and likes to beat people at things!
Securities Agent: WA, AZ, VA, OK, NV, MN, TX, AL, NH, MA, IN, PA, TN, SC, CO, LA, OR, MD, MT, MI, CA, OH, NC, GA, NY, NM, IL, FL; General Securities Representative; Investment Advisor Representative
NMLS#: 1578891
CA Insurance License #: OM81864
NMLS#: 1578891
CA Insurance License #: OM81864
About Jacquelyn Davis
Jackie is a Registered Client Associate at Morgan Stanley. She has been in the industry since 2016 and joined The Ward-Chefas group in the summer of 2020. She also assists in the success of the team with providing administrative functions and top tier client service while serving as a liaison. She helps grow and maintain the team’s relationships by managing client accounts and supporting marketing implementations. Jackie, originally from Rhode Island, began her professional career in sports broadcasting after graduating Texas A&M University where she was an athlete on the Division 1, Texas A&M Equestrian team. In her spare time, she continues to horseback ride and takes care of her horse.
Contact Gary R Ward
Contact Steven Chefas
Contact Cortney Corpus
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Lisa D'Alessandro
Planning Associate
About Lisa D'Alessandro
Lisa is a Planning Associate at Morgan Stanley providing dedicated financial planning support to Financial Advisors and their teams. Operating as an extension of the FA/Team, she collaborates with clients to discover and define goals that matter most to them. Leveraging state of the art technology, she will evaluate various options and their potential outcomes to help clients confidently choose the appropriate course of action. Lisa provides expertise across a wide suite of Morgan Stanley planning tools designed to assist in the areas of investment accumulation, retirement, education, major purchase, cash flow, risk management, tax efficiency, and wealth transfer planning.
She earned her undergraduate degree from The University of New Hampshire] and received the Financial Planning Specialist® designation from the College for Financial Planning. Lisa is originally from New Jersey and currently resides there.
She earned her undergraduate degree from The University of New Hampshire] and received the Financial Planning Specialist® designation from the College for Financial Planning. Lisa is originally from New Jersey and currently resides there.
Morgan Stanley Wealth Management Financial Advisers can conduct their business in several ways: individually, as a member of a team of Financial Advisors, or through the formation of a Strategic Partnership with another Financial Advisor or team of Financial Advisors. A Strategic Partnership is an arrangement between a Financial Advisor or a team of Financial Advisors with another Financial Advisor or team of Financial Advisors that has a unique focus or knowledge regarding a specific business concentration, product area, and/or client type. If your account is with an individual Financial Advisor, that Financial Advisor services all facets of your account. If your account is with a Financial Advisor who is a member of a team, any Financial Advisor on the team can service your account. If your Financial Advisor is part of a Strategic Partnership, his or her role in that Strategic Partnership may be limited to a specific business and/or product area and may not cover all facets of your account. The use of the terms “Partner” or “Strategic Partner” and/or “Partnership” or “Strategic Partnership” are used as terms of art and not used to imply or connote any legal relationship.
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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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 Ward Chefas Group today.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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’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.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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.
7When 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.
8Alternative 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.
9Morgan 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.
10Morgan 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.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Morgan 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
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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’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.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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.
7When 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.
8Alternative 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.
9Morgan 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.
10Morgan 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.
11Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
12Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
13Morgan 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
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.
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Awards Disclosures
CRC 6491812 (04/2024), 3582895 (6/2024)