Jack Payne
Financial Planning Director, Vice President
William P Mulvaney
Executive Director, Wealth Management,
Wealth Advisor
Direct:
(724) 933-1497(724) 933-1497
Toll-Free:
(800) 966-8274(800) 966-8274
Industry Award WinnerMy Mission Statement
Goal-based investments, thoughtful advice and comprehensive wealth management for clients and families focused on, approaching or in retirement.
Welcome
For many people, no financial objective creates more anxiety than retirement. There are so many variables to consider: How will retirement affect your expenses and lifestyle? Can you afford that second home, and when and how should you finance it? What about economic factors you can’t control? And most of all, will you run out of money, or can you enjoy a comfortable, relaxing retirement? I work with clients to help them identify their goals, paying special attention to retirement. Then I create recommendations and build investment portfolios designed around these goals. And because every financial decision has a short- and long-term impact, I provide thoughtful wealth management advice on risk management, tax implications, legacy planning, philanthropy, banking – I want to be the first call each client makes before making any financial choice. I believe in the objective, client-centered relationship, and my counsel is impartial, informed and focused on your goals and objectives. On a personal note, being a financial advisor is important to me – I have spent every day of my professional career as a financial advisor, and am dedicated to keeping abreast of industry developments, and the close personal relationships I have always enjoyed with my clients.
Securities Agent: AZ, AL, OK, NV, NJ, FL, CA, NY, NM, MO, KY, IL, CO, IN, DE, WV, OR, PA, NC, GA, WI, MD, SC, OH, CT, WA, RI, MA, UT, TX, DC, VA; General Securities Representative; Investment Advisor Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1298020
CA Insurance License #: 0H11556
NMLS#: 1298020
CA Insurance License #: 0H11556
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Who Are We?
William P. Mulvaney CPM® - Executive Director, Wealth Advisor
Bill has spent his entire career with Morgan Stanley and its legacy firms, demonstrating his commitment to consistency, loyalty and a long-term perspective. The firm’s “open architecture” gives him the flexibility to choose the money managers, asset classes and individual securities designed to help achieve specific client objectives.
Bill earned a B.S. in Business Administration from Kent State University. In 2006, he was one of a select group of advisors to earn the Wealth Advisor designation after extensive training in planning and wealth management. He continues to receive ongoing education.
Bill has been recognized as a leader more than 20 times over his career. He has been named a member of Morgan Stanley’s elite Master’s Club for the last 18 years running (as of 2026). He has also been selected as one of Pittsburgh Five Star Wealth Managers for 14 consecutive years, since 2012 (as of 2025).
Bill earned a B.S. in Business Administration from Kent State University. In 2006, he was one of a select group of advisors to earn the Wealth Advisor designation after extensive training in planning and wealth management. He continues to receive ongoing education.
Bill has been recognized as a leader more than 20 times over his career. He has been named a member of Morgan Stanley’s elite Master’s Club for the last 18 years running (as of 2026). He has also been selected as one of Pittsburgh Five Star Wealth Managers for 14 consecutive years, since 2012 (as of 2025).
August A. Damian - Registered Client Relationship Analyst
Augie has spent over 8 years in the Finance & Banking industries and brings with him an array of knowledge and skills. This translates seamlessly into maintaining and continuing to grow a practice that seeks to deliver the highest level of service, planning, and overall experience for its clients. Providing that level of care has been an invaluable part of our practice for over 40 years and Augie takes great pride in making that happen every day.
Augie earned a B.S. in Finance in 2017 as well as a Master of Business Administration in 2018, both from Indiana University of Pennsylvania. He currently holds his Series 7 & Series 66 licenses.
Outside of work, Augie enjoys playing golf and spending time with his wife, Samantha, and their 2 dogs.
Augie earned a B.S. in Finance in 2017 as well as a Master of Business Administration in 2018, both from Indiana University of Pennsylvania. He currently holds his Series 7 & Series 66 licenses.
Outside of work, Augie enjoys playing golf and spending time with his wife, Samantha, and their 2 dogs.
What does your ideal retirement look like?
What does your ideal retirement look like?
For more than four decades, I have worked with clients to help them plan for and live through retirement. I have helped hundreds of people retire, but you retire only once. That’s why my experience is so important. Here are some of the things I have learned:
For more than four decades, I have worked with clients to help them plan for and live through retirement. I have helped hundreds of people retire, but you retire only once. That’s why my experience is so important. Here are some of the things I have learned:
1. Start with a goal.
Do you want to travel, or purchase a second home? How would you like to spend your days? Are there medical issues for you or your family that may impact your retirement? Like all financial planning, retirement planning should start with a goal, or goals. I will help you identify and articulate your goals, and create a plan designed to help you reach them.
2. Every decision matters.
Money is closely intertwined with many of life’s decisions, large and small. Each has implications for the next one, and the one after that. To help you retire successfully, I will create a strategy that codifies your approach to money. Clients also count on me for thoughtful, level-headed and informed advice.
3. Think about the end.
“I want to leave a legacy for my family and the institutions I care about.”
“I want to bounce my last check.”
These are two approaches to money in retirement. Both are valid, but only one of them is right for you. It’s important to determine which.
“I want to bounce my last check.”
These are two approaches to money in retirement. Both are valid, but only one of them is right for you. It’s important to determine which.
4. Retirement isn’t an event.
People often think about retirement like it’s an occasion, like a birthday or anniversary. However, retirement is actually just the start of a new stage of life. Most people go through a series of transitions in retirement. I create plans that help people not just reach retirement, but also to live through it.
What’s important to you?
When you choose a financial advisor, you start a relationship that will ideally last for life. So it’s important to choose one who shares your values. Here are the core principles that drive our work:
Hard Work.
Wealth management is my passion. I’ve been doing it every day since I graduated from college. I am proud that many of my clients and colleagues tell me that my work ethic is unsurpassed. But doesn’t really feel like work to me – it’s something that I love doing.
Customized Solutions.
Every client is different, with their own goals, risk tolerance and personality. That’s why I don’t believe in cookie-cutter solutions. I follow certain core principles, but I help create a custom portfolio and wealth management strategies for each client.
Continuous Learning.
Wealth management is complicated. Each decision is important, and there are many options and alternatives. I consider it my responsibility to keep up with the latest thinking in our field and to stay ahead of the curve as the market and economy evolve.
Open Platform.
Like many advisors, I work for a large firm. But I do not give preference to the investments or products offered by my firm. I follow an “open architecture” investing platform.
Investments
My principles of investing.
With a focus on retirement, my approach is to help create and managing portfolios generally incorporates strategies that attempt to balance downside risk along with performance. These are my five “core” concepts:
With a focus on retirement, my approach is to help create and managing portfolios generally incorporates strategies that attempt to balance downside risk along with performance. These are my five “core” concepts:
Focus on objectives, not absolute performance.
This is why it’s important to start with a goal. Consider two investments. If one has the potential for greater return, but also involves greater risk, I ask, “how much return do we NEED?” My aim is to balance the objective with the lowest possible risk.
Think long-term.
There is no such thing as a consistent stock picker. Instead, I focus on the appropriate time frame for each client (another reason to establish goals), managing for the targeted return at the proper time
A broad definition of diversification.
Another way to mitigate risk is through diversification. I believe in “multi-tier diversification” – not just across asset classes, but also across industries, growth objectives, country of origin and more.
Quality counts.
I believe in investing in both companies and managers with strong fundamentals and a solid track record. Occasionally, there will be an asset that “beats” this principle. But I don’t believe in chasing the “black swans.”
A preference for active management.
Some advisors follow a “set it and forget it” strategy. Others constantly tinker. I believe in a balance -- manage each portfolio toward a client’s objectives, exercising patience but also being proactive when appropriate.
Location
2100 Georgetown Dr
Ste 500
Sewickley, PA 15143
US
Direct:
(724) 933-1497(724) 933-1497
Toll-Free:
(800) 966-8274(800) 966-8274
Fax:
(724) 933-1470(724) 933-1470
Awards and Recognition
Five Star Wealth Advisor
This award was issued on 06/01/2025. The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria from 9/18/24 to 02/28/25.
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
About Joshua Gilbert
Joshua Gilbert is a Private Banker serving Morgan Stanley’s Wealth Management offices in Ohio.
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.
Joshua began his career in financial services in 2001 and joined Morgan Stanley in 2018. Prior to joining the firm, he served as a Business Banking Client Manager at U.S. Bank. He also held numerous roles with progressive responsibilities at JPMorgan Chase Bank, where he notably served as a Branch Manager.
Joshua currently resides in Cincinnati, Ohio. Outside of the office, Joshua dedicates his time to various civic organizations focused on fostering the well-being of others, such as Lighthouse Youth & Family Services, and the Freestore Foodbank. In his spare time, Joshua enjoys traveling, hiking, skiing, and staying healthy and active.
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.
Joshua began his career in financial services in 2001 and joined Morgan Stanley in 2018. Prior to joining the firm, he served as a Business Banking Client Manager at U.S. Bank. He also held numerous roles with progressive responsibilities at JPMorgan Chase Bank, where he notably served as a Branch Manager.
Joshua currently resides in Cincinnati, Ohio. Outside of the office, Joshua dedicates his time to various civic organizations focused on fostering the well-being of others, such as Lighthouse Youth & Family Services, and the Freestore Foodbank. In his spare time, Joshua enjoys traveling, hiking, skiing, and staying healthy and active.
NMLS#: 427087
About Jack Payne
Jack Payne is a vice president and financial planning director serving Morgan Stanley’s Wealth Management offices in northern Ohio and western Pennsylvania. Jack is responsible for helping financial advisors with their clients’ and prospects’ comprehensive financial planning needs.
Jack began his career in financial services in 1986 and joined Morgan Stanley in 2025. Prior to his current position, Jack was a managing director with PNC Capital Markets LLC and has over 15 years of comprehensive financial planning and wealth management experience as well as experience in corporate treasury, commercial lending and investment banking, including work with closely controlled privately held organizations. Jack has a BS in Finance with an Economics minor from Pennsylvania State University and an MBA in Finance and Entrepreneurship from the University of Rochester. Jack is a chartered financial analyst and CERTIFIED FINANCIAL PLANNER®. Jack lives in Sewickley, PA, with his wife Kelly. Jack enjoys golf, skiing, open water swimming and plays trumpet.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any account.
Morgan 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.
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.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC# 4746687 08/2025
Jack began his career in financial services in 1986 and joined Morgan Stanley in 2025. Prior to his current position, Jack was a managing director with PNC Capital Markets LLC and has over 15 years of comprehensive financial planning and wealth management experience as well as experience in corporate treasury, commercial lending and investment banking, including work with closely controlled privately held organizations. Jack has a BS in Finance with an Economics minor from Pennsylvania State University and an MBA in Finance and Entrepreneurship from the University of Rochester. Jack is a chartered financial analyst and CERTIFIED FINANCIAL PLANNER®. Jack lives in Sewickley, PA, with his wife Kelly. Jack enjoys golf, skiing, open water swimming and plays trumpet.
DISCLOSURE:
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any account.
Morgan 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.
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.
© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC# 4746687 08/2025
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
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.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
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
Important information about your relationship with your Financial Advisor and Morgan Stanley Smith Barney LLC when using a Financial Planning tool. When your Financial Advisor prepares a Financial Plan, they will act in an investment advisory capacity for thirty (30) days after the delivery of your Financial Plan. To understand the differences between brokerage and advisory relationships, you should consult your Financial Advisor, or review our “Understanding Your Brokerage and Investment Advisory Relationships,” brochure available at https://www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
You have sole responsibility for making all investment decisions with respect to the implementation of a Financial Plan. You may implement the Financial Plan at Morgan Stanley or at another firm. If you engage or have engaged Morgan Stanley, it will act as your broker, unless you ask it, in writing, to act as your investment adviser on any particular account.
Morgan 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.
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.
Wealth Management
From My Desk
Rational Investing in an Age of Uncertainty
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Ready to start a conversation? Contact William P Mulvaney today.
1Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley 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.
3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley 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.
3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
5Morgan 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.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025), 4763067 (9/2025)
