Jason A Idziak, CRPS®, CRPC®
Executive Director, Financial Advisor, Family Wealth Advisor, Senior Investment Management Consultant
Phone:
(231) 932-7205(231) 932-7205
West Bay Group at Morgan Stanley
Direct:
(231) 932-7208(231) 932-7208
Toll-Free:
(844) 589-0246(844) 589-0246
Our Mission Statement
We focus on clients and families like yours to achieve financial goals though personalized, professional advice.
Our Story and Services
We focus on working with clients approaching retirement. Our team helps clients define and articulate their goals…determine whether they are properly prepared for retirement…identify beneficiaries of their wealth. Our work with clients goes beyond just investments; we assist our clients with every financial decision, helping to ensure that every choice aligns with their overall goals and strategies. We are deeply committed to our community ---our clients are our neighbors, our colleagues, our friends; our team reflects the unique character of the Traverse City community. The West Bay Group is made up of two Financial Advisors, Jason Idziak, and Damian Lockhart, along with Director of Business Strategy Shannon Chase, Wealth Management Associate Dianne Jurica, Portfolio Associate Brian Percy. The team works out of two locations: Traverse City, Michigan and Jackson, Michigan.
Traverse City Office: 300 E Front Street, Suite 300; Traverse City, MI 49684
Main: 231-932-7202 Fax: 231-941-5820 Toll Free: 844-589-0246
Jackson Office: 3101 Spring Arbor Rd, Suite 400; Jackson, MI 49203
Main: 231-932-7202 Fax: 231-941-5820 Toll Free: 844-589-0246
Traverse City Office: 300 E Front Street, Suite 300; Traverse City, MI 49684
Main: 231-932-7202 Fax: 231-941-5820 Toll Free: 844-589-0246
Jackson Office: 3101 Spring Arbor Rd, Suite 400; Jackson, MI 49203
Main: 231-932-7202 Fax: 231-941-5820 Toll Free: 844-589-0246
Services Include
- Wealth ManagementFootnote1
- Financial PlanningFootnote2
- Retirement PlanningFootnote3
- 401(k) Rollovers
- Business PlanningFootnote4
- Cash ManagementFootnote5
- Professional Portfolio ManagementFootnote6
- 529 PlansFootnote7
- AnnuitiesFootnote8
- Life InsuranceFootnote9
- Lending Products
- Sustainable InvestingFootnote10
- Alternative InvestmentsFootnote11
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Financial Advisors
2023, 2024 and 2025 Forbes Best-In-State Wealth Management Teams
Source: Forbes.com (Awarded 2023, 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.
Suite of Services
Financial Planning
Financial planning is the cornerstone of your financial future: it aligns your goals with a personalized strategy to grow and protect your wealth. We help you navigate life’s financial decisions with confidence and clarity.
Learn More
Cash Management
We can help your family with cash management, budget issues, advice on large purchases, or even help your child understand investments.
Learn More
Retirement Planning
We especially enjoy assisting as you approach retirement. We will make sure your financial choices reflect your goals and help you shift from wealth accumulation to income management and wealth transfer strategies.
Learn More
Education Planning
Assisting our clients in planning for higher education is one of the many objectives we take pride in. Witnessing these aspirations come to fruition inspires us to go above and beyond for our clients.
Learn More
Life Insurance
Creating a comprehensive wealth plan entails more than just pursuing returns. It also entails identifying and managing potential risks, providing a safety net for unforeseen circumstances. Allow us to assist you in preparing for and shielding against life's unpredictable twists and turns.
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Business Planning
Business planning provides a clear roadmap for growth, helping you make informed decisions, manage risks, and achieve your company’s goals. Whether you’re starting out or scaling up, a solid financial strategy is key to long-term success.
Learn MoreWORKING TOGETHER TO PROVIDE FINANCIAL EDUCATION TO YOUR FAMILY
We believe in educating the next generation of investors. We work with you and your family to provide insight, advice, and educational resources in order to do so. Please contact us for additional ideas and guidance.
Talking to Kids About Money: Your Guide
Raising kids to be smart about money requires creating an environment where they are neither insecure, nor overconfident about family finances.
Read the article
How to Break the Ice Around Family Finances
Money is one of the trickiest topics to discuss. But avoiding the conversation can lead to problems. Learn how to start the dialogue with your family.
Read the article
Millenial Playbook: Your Guide to Life & Money
Practical advice on budgeting, managing credit, and making informed decisions to help navigate life successfully.
Read the article
Spending & Budgeting
Enables clients to monitor and manage their spending and savings across their accounts.
Read the article
Introduction to Investing
Discover the basic concepts of investing, so you can build your financial confidence and make it easier to make informed decisions about creating and managing your wealth.
Read the article
Home Buying
Strategies to assist clients in helping family members achieve homeownership.
Read the articleMODERN WEALTH TOOLS
Our investment strategy leverages modern wealth tools and cutting-edge technology. By providing our clients with customized wealth management solutions, we enable our clients to be one step closer to helping achieve their life goals. We have assembled the following Morgan Stanley financial tools and platforms that support our wealth management philosophy and investment strategies.
Morgan Stanley Online
Access account details, advanced reporting, cash management tools, and market research online on through our Mobile App. Users can also enroll in eDelivery to view statements and documents electronically.
Morgan Stanley Online
Asset Aggregation
Linking external accounts to Morgan Stanley Online lets you view all your assets in one place, helping us advise you with your full financial picture in mind.
Total Wealth View
Lifeview
Our wealth management process starts with your goals. LifeView is a planning tool that maps your financial future, helping you understand how timing and returns impact your objectives.
Financial Planning Brochure
eSign
eSign offers a safer alternatives to physical paperwork, with encryption, multi-factor authentication, and a tamper-proof seal to help protect your data. Learn more about this and the other steps we take to protect your personal information.
Cybersecurity Brochure
eAuthorization
eAuthorization lets clients securely approve domestic and international transactions through Morgan Stanley Online. With a secure logon and one-click approval, clients can easily manage authorizations anytime, anywhere.
eAuthorization
Digital Vault
Organizing your important documents is one of the best gifts you can give your loved ones. In times of illness or loss, the Family Records Organizer and Digital Vault on Morgan Stanley Online provide secure, encrypted access to vital information for your family and advisors.
Digital VaultLocation
300 East Front St
Ste 300
Traverse City, MI 49684
US
Direct:
(231) 932-7208(231) 932-7208
Toll-Free:
(844) 589-0246(844) 589-0246
3101 Spring Arbor Rd
Ste 400
Jackson, MI 49203
US
Direct:
(800) 352-8780(800) 352-8780
Meet West Bay Group
Damian Lockhart, CRPC®
Senior Vice President, Branch Manager, Portfolio Manager, Insurance Planning Director
Phone:
(231) 932-7235(231) 932-7235
Shannon Chase
Associate Vice President, Director of Business Strategy
Phone:
(231) 932-7216(231) 932-7216
Dianne Jurica
Wealth Management Associate
Phone:
(231) 932-7208(231) 932-7208
Brian Percy
Portfolio Associate
Phone:
(231) 932-7213(231) 932-7213
About Jason A Idziak
Jason helps clients build comprehensive wealth management strategies, with a focus on aligning all the moving parts into a cohesive long-term plan. He focuses in retirement income planning and draws on deep experience and training in this area to help guide clients through life’s transitions with confidence.
His connection to the team runs deep—he began working alongside his father Ed during high school and later interned with a predecessor firm during college. By his sophomore year, Jason had already earned his securities license and joined the team full time after graduation. He also served as a Branch Manager earlier in his career.
Jason earned a BA in Economics and Management from Albion College and holds both the Chartered Retirement Planning Counselor and Chartered Retirement Plan Specialist designations. A former high school football coach, Jason is passionate about mentoring others and has been a dedicated member of the team for over two decades.
Outside of the office, Jason enjoys fishing, the outdoors, and golfing at the Traverse City Golf and Country Club, where he is very active on various committees. He also enjoys spending time playing and watching sports with his three children—Ben, Billy, and Eliza—who partake in hockey, baseball, football, soccer, gymnastics, and ballet. The family recently welcomed a chocolate Labrador Retriever named Gus, who has quickly become a beloved companion on their outdoor adventures.
His connection to the team runs deep—he began working alongside his father Ed during high school and later interned with a predecessor firm during college. By his sophomore year, Jason had already earned his securities license and joined the team full time after graduation. He also served as a Branch Manager earlier in his career.
Jason earned a BA in Economics and Management from Albion College and holds both the Chartered Retirement Planning Counselor and Chartered Retirement Plan Specialist designations. A former high school football coach, Jason is passionate about mentoring others and has been a dedicated member of the team for over two decades.
Outside of the office, Jason enjoys fishing, the outdoors, and golfing at the Traverse City Golf and Country Club, where he is very active on various committees. He also enjoys spending time playing and watching sports with his three children—Ben, Billy, and Eliza—who partake in hockey, baseball, football, soccer, gymnastics, and ballet. The family recently welcomed a chocolate Labrador Retriever named Gus, who has quickly become a beloved companion on their outdoor adventures.
Securities Agent: OK, NH, IN, SC, IA, AL, FL, WA, VA, PA, NY, GA, WI, AZ, NV, NE, LA, CT, CO, WY, TX, OH, IL, MN, KS, CA, AR, NC, MI, MA, UT, MO, MD, KY, DC; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1581081
NMLS#: 1581081
About Damian Lockhart
Damian collaborates with clients to design and execute personalized wealth management plans that can evolve with their goals. With nearly two decades of experience in the financial industry, he provides honest, consistent guidance by combining his advisory experience with the tools and resources of Morgan Stanley.
A native of Antrim County, Damian earned a Bachelor of Science in Economics from Grand Valley State University and later earned the Chartered Retirement Planning Counselor designation through the College of Financial Planning.
Beyond the office, Damian is committed to community involvement. He currently serves on the Board of Directors for the Grand Traverse Regional Community Foundation, where he supports philanthropic efforts across five counties. Since moving back to Northern Michigan in 2015, he’s also enjoyed coaching his sons’ basketball teams. Damian lives in the area with his wife Jill and their three boys: Kane, Lincoln, and Cruz.
A native of Antrim County, Damian earned a Bachelor of Science in Economics from Grand Valley State University and later earned the Chartered Retirement Planning Counselor designation through the College of Financial Planning.
Beyond the office, Damian is committed to community involvement. He currently serves on the Board of Directors for the Grand Traverse Regional Community Foundation, where he supports philanthropic efforts across five counties. Since moving back to Northern Michigan in 2015, he’s also enjoyed coaching his sons’ basketball teams. Damian lives in the area with his wife Jill and their three boys: Kane, Lincoln, and Cruz.
Securities Agent: HI, OR, TX, WA, ID, ME, WY, OK, NJ, MD, IA, AZ, MI, VI, WV, AK, IL, NM, OH, UT, MT, AR, MO, MS, NE, NY, PA, SC, RI, NH, CT, DE, KY, PR, SD, ND, WI, VT, VA, TN, NV, NC, MA, DC, CO, MN, IN, GA, FL, KS, LA, AL, CA; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 535442
NMLS#: 535442
About Shannon Chase
Shannon works with clients to help them preserve and grow their wealth through customized financial strategies that reflect their individual values, lifestyles, and long-term goals. She brings a thoughtful, client-centered approach to every plan she creates.
Currently serving as our Director of Business Strategy, Shannon previously worked as a Financial Advisor after joining Morgan Stanley in 2013. Her early success earned her a spot in the firm’s Pacesetter’s Club in 2017, recognizing top-performing advisors for excellence in client service and professionalism.
Shannon graduated from the University of Nevada, Las Vegas with a BS in Business and a concentration in marketing. A former Division I volleyball player, she was named to the Mountain West Conference All-Academic Team. Outside of work, she enjoys an active lifestyle—spending her summers hiking and biking, and her winters snowboarding. Shannon also loves to travel and is a certified yoga instructor.
Currently serving as our Director of Business Strategy, Shannon previously worked as a Financial Advisor after joining Morgan Stanley in 2013. Her early success earned her a spot in the firm’s Pacesetter’s Club in 2017, recognizing top-performing advisors for excellence in client service and professionalism.
Shannon graduated from the University of Nevada, Las Vegas with a BS in Business and a concentration in marketing. A former Division I volleyball player, she was named to the Mountain West Conference All-Academic Team. Outside of work, she enjoys an active lifestyle—spending her summers hiking and biking, and her winters snowboarding. Shannon also loves to travel and is a certified yoga instructor.
About Dianne Jurica
Dianne brings a background in corporate technology and training to her role on our team. Before joining the firm, she worked in information systems for Burger King and Compaq, where she helped train teams on complex software and hardware systems.
She earned her BBA from Western Michigan University and has been a valued member of the team for 17 years, contributing a unique blend of technical expertise and client service.
Originally from Traverse City, Dianne enjoys the area’s natural beauty with her husband Tom. Together, they make the most of Northern Michigan’s outdoor lifestyle and are proud parents of two grown children.
She earned her BBA from Western Michigan University and has been a valued member of the team for 17 years, contributing a unique blend of technical expertise and client service.
Originally from Traverse City, Dianne enjoys the area’s natural beauty with her husband Tom. Together, they make the most of Northern Michigan’s outdoor lifestyle and are proud parents of two grown children.
About Brian Percy
Brian supports the team’s operations with a focus on client reporting, meeting preparation, marketing, and communication. His attention to detail and client-first approach help ensure that every interaction is thoughtful and efficient.
He began his career in 2007 at Members Credit Union in Traverse City, where he worked in both lending and member services. He joined Morgan Stanley in 2015 and became registered by passing the Series 7 and 66 exams.
Brian has called Traverse City home for over 16 years. He and his wife Stacy have been married for 15 years and keep busy raising their two children, Kyler and Kennedi. When he’s not with clients or family, Brian enjoys bowling and spending time with friends.
He began his career in 2007 at Members Credit Union in Traverse City, where he worked in both lending and member services. He joined Morgan Stanley in 2015 and became registered by passing the Series 7 and 66 exams.
Brian has called Traverse City home for over 16 years. He and his wife Stacy have been married for 15 years and keep busy raising their two children, Kyler and Kennedi. When he’s not with clients or family, Brian enjoys bowling and spending time with friends.
Contact Jason A Idziak
Contact Damian Lockhart
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
Joseph V. Portera
Private Banker
Sally A. Cholewka, CFP®
Financial Planning Director, Vice President
Mamta Shah
Trust Specialist
Lynn King
Family Office Resources Generalist
About Joseph V. Portera
Joseph Portera is a Private Banker serving Morgan Stanley Wealth Management offices in Michigan.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Joseph began his career in financial services in 2002 and joined Morgan Stanley in 2018. Prior to joining the firm, he served as a Commercial Lender and Market Director at JPMorgan Chase.
Joseph is a graduate of the Haworth College of Business at Western Michigan University where he received a Bachelor of Business Administration in Finance, and Keller Graduate School of Business where he received a Master’s in Business Administration in Finance & Accounting.
Joseph and his family currently reside in Grosse Pointe, Michigan. Outside of the office, he enjoys martial arts, skiing, tennis, and spending time with his family.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Joseph began his career in financial services in 2002 and joined Morgan Stanley in 2018. Prior to joining the firm, he served as a Commercial Lender and Market Director at JPMorgan Chase.
Joseph is a graduate of the Haworth College of Business at Western Michigan University where he received a Bachelor of Business Administration in Finance, and Keller Graduate School of Business where he received a Master’s in Business Administration in Finance & Accounting.
Joseph and his family currently reside in Grosse Pointe, Michigan. Outside of the office, he enjoys martial arts, skiing, tennis, and spending time with his family.
NMLS#: 1260889
About Sally A. Cholewka
Sally A. Cholewka, CFP® is a Vice President and Financial Planning Director serving Morgan Stanley’s Wealth Management offices in Southeast Michigan. She is responsible for helping Financial Advisors with their clients' and prospects' financial planning needs.
Sally began her career in Financial Services in 2010 and joined Morgan Stanley in 2021. Prior to her current position, she worked as Director of Financial Planning for a group of independent financial advisors affiliated with LPL Financial. Her role for over the last decade has been to facilitate retirement income planning, tax aware positioning and estate & legacy conversations.
Sally has held her Certified Financial Planner® designation since 2017. A graduate from the University of Iowa, she proudly identifies as a “Midwesterner”, having lived or worked in Iowa, Minnesota, Illinois and Michigan. She currently lives in Shelby Township, MI with her husband and daughter. Outside of work, Sally enjoys vacationing with her family, boating, and volunteering with the SIFMA Foundation’s “InvestWrite” national writing competition for elementary age children.
Sally began her career in Financial Services in 2010 and joined Morgan Stanley in 2021. Prior to her current position, she worked as Director of Financial Planning for a group of independent financial advisors affiliated with LPL Financial. Her role for over the last decade has been to facilitate retirement income planning, tax aware positioning and estate & legacy conversations.
Sally has held her Certified Financial Planner® designation since 2017. A graduate from the University of Iowa, she proudly identifies as a “Midwesterner”, having lived or worked in Iowa, Minnesota, Illinois and Michigan. She currently lives in Shelby Township, MI with her husband and daughter. Outside of work, Sally enjoys vacationing with her family, boating, and volunteering with the SIFMA Foundation’s “InvestWrite” national writing competition for elementary age children.
About Mamta Shah
Mamta Shah is the Trust Specialist based in Chicago, covering the Midwest Region. Morgan Stanley provides a full array of personal and institutional trust services to high net worth clients of the firm. Mamta’s responsibilities include educating Financial Advisors and their clients on the open architecture trust service model and helping them identify opportunities to leverage the trust partners on the platform.
Before joining Trust Services in 2010, she was the Wealth Analyst with the Chicago based Wealth Planning Center at Morgan Stanley. Mamta was responsible for providing information and education on a full range of income and estate tax topics and concerns.
Prior to joining the Planning Center team in 2006, Mamta was Vice President of an Independent Investment Advisory Firm. She worked closely with the clients of the firm on a variety of financial planning and investment advisory services.
Mamta obtained her bachelor’s degree from Babson College with a major in Finance/Entrepreneurship. Mamta is a licensed CPA and holds a CFP® designation, She has been in the financial services industry since 1999. She is Series 7, 63, 65 and life/health insurance licensed. She is a member of the AICPA and the Illinois CPA Society. She lives in Chicago with her family.
Before joining Trust Services in 2010, she was the Wealth Analyst with the Chicago based Wealth Planning Center at Morgan Stanley. Mamta was responsible for providing information and education on a full range of income and estate tax topics and concerns.
Prior to joining the Planning Center team in 2006, Mamta was Vice President of an Independent Investment Advisory Firm. She worked closely with the clients of the firm on a variety of financial planning and investment advisory services.
Mamta obtained her bachelor’s degree from Babson College with a major in Finance/Entrepreneurship. Mamta is a licensed CPA and holds a CFP® designation, She has been in the financial services industry since 1999. She is Series 7, 63, 65 and life/health insurance licensed. She is a member of the AICPA and the Illinois CPA Society. She lives in Chicago with her family.
About Lynn King
Lynn R. King is a Family Office Resource Generalist for the Mid-America region. She has over 15 years of experience working with families, family offices, and their attorneys, CPAs and financial advisors on issues unique to the UHNW client. Lynn started her career as an attorney in Illinois working with closely held businesses across the country on a broad range of topics, including entity structuring, estate planning, business succession and tax. She then joined New York Life Insurance as a Corporate Vice President in their Advanced Planning Group. In this role she expanded on her experience from private practice and engaged with clients on complex business and personal planning needs.
Lynn joined Morgan Stanley in September of 2020. As the Family Office Resource Generalist, Lynn provides advice and strategies to UHNW families. To that end, she assists families with the creation of family mission statements. She also educates adults and children on how to be good stewards of generational wealth. She engages with resources in philanthropy, wealth and estate planning and trust management to ensure the UHNW clients of the Firm are able to accomplish their goals.
Lynn received her undergraduate degree in Finance and Political Science from the University of Illinois- Urbana-Champaign. She attended The John Marshall Law School in Chicago, Illinois where she obtained her Juris Doctorate (J.D.) and is licensed to practice law in Illinois. She also holds her Series 7 and 66.
Lynn joined Morgan Stanley in September of 2020. As the Family Office Resource Generalist, Lynn provides advice and strategies to UHNW families. To that end, she assists families with the creation of family mission statements. She also educates adults and children on how to be good stewards of generational wealth. She engages with resources in philanthropy, wealth and estate planning and trust management to ensure the UHNW clients of the Firm are able to accomplish their goals.
Lynn received her undergraduate degree in Finance and Political Science from the University of Illinois- Urbana-Champaign. She attended The John Marshall Law School in Chicago, Illinois where she obtained her Juris Doctorate (J.D.) and is licensed to practice law in Illinois. She also holds her Series 7 and 66.
Wealth Management
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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.
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.
Managing Family Conflict
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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
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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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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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
How to Break the Ice Around Family Finances
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Building Value from Values
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Mosaic
Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
A New Leaf
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Ready to start a conversation? Contact West Bay Group today.
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.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5Morgan 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
6Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
7Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
8Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10The 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.
11Alternative 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.
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
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.
3When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors 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.
5Morgan 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
6Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
7Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
8Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
10The 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.
11Alternative 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.
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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.
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Awards Disclosures
CRC 6491812 (04/2024)
