Morry Zolet, CFP®
Managing Director, Wealth Management, Financial Advisor, Family Wealth Director, Senior Portfolio Management Director, Senior Investment Management Specialist
Phone:
(410) 583-4844(410) 583-4844
ZLF Wealth Management Group at Morgan Stanley
Our Mission Statement
Our goal is to build long-term relationships with our clients based on trust, integrity and superior client service.
ZLF Wealth Management Group Mission Statement
ZLF Wealth Management Group holds accountability to our clients as our number one priority. That’s why we are most passionate about solving these two critical financial objectives:
1. How do we help our clients get to retirement and generate enough income to keep them ahead of inflation and the rising price of life?
2. How do we enhance our investment process to adjust for current and future economic conditions?
In addressing these important objectives every day, we are committed to serving the financial planning needs of our multigenerational clients, which include successful individuals, families and business professionals, both young and established.
We limit the number of clients in our practice so that we can provide concierge-level service and in an attempt to provide each of our clients with the best possible experience. Our goal is to build long-term partnerships with our clients based on trust, integrity and superior client service.
1. How do we help our clients get to retirement and generate enough income to keep them ahead of inflation and the rising price of life?
2. How do we enhance our investment process to adjust for current and future economic conditions?
In addressing these important objectives every day, we are committed to serving the financial planning needs of our multigenerational clients, which include successful individuals, families and business professionals, both young and established.
We limit the number of clients in our practice so that we can provide concierge-level service and in an attempt to provide each of our clients with the best possible experience. Our goal is to build long-term partnerships with our clients based on trust, integrity and superior client service.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
Our Wealth Management and Investment Process is the framework for our consulting relationships.
1) The first step in our consulting process is for us to gain a perspective of our clients’ financial objectives, goals, needs, and attitudes toward risk. However, we fundamentally believe in the importance of ‘seeing the forest through the trees,’ whether making investment decisions or by transcending our clients’ basic financial profiles in order to know who they are as people.
2) Utilizing this comprehensive understanding of our clients, we craft an appropriate asset allocation strategy that implements and complements our command of the clients’ needs and goals. We are then able to seek out and recommend the investment strategies best suited for our clients.
We also help construct and institute an investment policy statement for our investment advisory clients to be used as a guide and compass through the evolution of our relationship. During the client review process, this allows us to help ensure that we stay on our chartered course and avoid the distractions that may get in the way of a comprehensive investment plan.
3) We closely monitor and continually reevaluate the management and performance of our clients’ investments. Additionally, we regularly rebalance our clients’ portfolios based upon their risk profiles and our market outlook.
View Our Team Brochure1) The first step in our consulting process is for us to gain a perspective of our clients’ financial objectives, goals, needs, and attitudes toward risk. However, we fundamentally believe in the importance of ‘seeing the forest through the trees,’ whether making investment decisions or by transcending our clients’ basic financial profiles in order to know who they are as people.
2) Utilizing this comprehensive understanding of our clients, we craft an appropriate asset allocation strategy that implements and complements our command of the clients’ needs and goals. We are then able to seek out and recommend the investment strategies best suited for our clients.
We also help construct and institute an investment policy statement for our investment advisory clients to be used as a guide and compass through the evolution of our relationship. During the client review process, this allows us to help ensure that we stay on our chartered course and avoid the distractions that may get in the way of a comprehensive investment plan.
3) We closely monitor and continually reevaluate the management and performance of our clients’ investments. Additionally, we regularly rebalance our clients’ portfolios based upon their risk profiles and our market outlook.
Our Principles of Client Service
We believe that every client deserves the highest level of service we can offer; our undivided efforts and enthusiasm to help them reach their goals and the individual attention to the important details. Our clients' satisfaction and happiness are the measures by which we judge ourselves.
Our clients can expect from us:
- The highest standards of integrity and professionalism
- Our best efforts in leveraging, on their behalf, the extensive resources of our firm’s wealth management platform
- The will and ability to make the difficult, but appropriate recommendations and decisions for our clients
- Critical and creative thinking in order to help tackle the challenging issues
- The time, attention and dedication that’s needed to help our clients achieve their financial and personal goals.
While we embrace the ever-improving advances in technology and communication, we strive to make every client interaction personal. In this respect, we use the expanding avenues of communication to personally connect with our clients, thereby enhancing our relationships. We want our clients to feel welcome to call, email, or visit us at the office even if just to say “hello.”
Our clients can expect from us:
- The highest standards of integrity and professionalism
- Our best efforts in leveraging, on their behalf, the extensive resources of our firm’s wealth management platform
- The will and ability to make the difficult, but appropriate recommendations and decisions for our clients
- Critical and creative thinking in order to help tackle the challenging issues
- The time, attention and dedication that’s needed to help our clients achieve their financial and personal goals.
While we embrace the ever-improving advances in technology and communication, we strive to make every client interaction personal. In this respect, we use the expanding avenues of communication to personally connect with our clients, thereby enhancing our relationships. We want our clients to feel welcome to call, email, or visit us at the office even if just to say “hello.”
Our Video Updates
Introducing ZLF Wealth Management Group at Morgan Stanley
Please enjoy this introductory video where our partners describe the ways in which we work to help our clients achieve their goals.
Click here to view our video message
ZLF Wealth Management Group talks Investing New Capital
Please view this short video which reviews strategies for deploying cash in volatile markets.
Click here to view our video message
Freeze Your Credit, Protect Your Identity
One of the things we have done for ourselves- and helped our clients with- is freezing credit reports to help protect identity, personal information, and the unauthorized creation of new credit accounts by fraudsters. With scams on the rise, consider taking this extra step to protect your assets and information.
View ZLF's Guide Here:
Preventing Tax-Related Identity Theft
In today's digital age, safeguarding your personal information is more crucial than ever, especially when it comes to your taxes. Tax-related identity theft is a growing concern, but there is a proactive step you can take to protect yourself: obtaining an Identity Protection Personal Identification Number (IP PIN) from the IRS.
View ZLF's Guide Here:
Morgan Stanley Total Tax 365
Taxes act as a drag on your investment performance that can be heavier than any fee you pay. But they might also be the easiest to reduce, with the right strategies in place. Morgan Stanley Total Tax 365 offers a full spectrum of tax-efficient strategies to help manage the tax drag on your portfolio—so you can potentially keep more of what you earn and improve after-tax returns.
Click here to view the video
4 Tax-Smart Ways to Diversify Your Portfolio
Investment portfolios concentrated in a single stock can be risky. Learn to diversify without boosting your tax bill.
Diversification does not guarantee a profit or protect against loss in a declining financial market.
Click Here to Learn MoreDiversification does not guarantee a profit or protect against loss in a declining financial market.
Executor of a Will for a Parents: A Guide
Handling the complex process of executor duties during an emotional time is a challenge even for the strongest person. This article may help you with that process.
Click Here to Learn More
Are You Prepared for Retired Life?
Everyone has a different idea of their dream retirement. Whatever you envision, it’s essential to plan ahead so that your nest egg will last.
Click Here to Learn More
Next Gen Guide to Retirement
From a team of 3 multigenerational advisors, we thought you'd like to see this Next Gen Guide to a Sweet Retirement. At a crucial juncture to begin saving for retirement, it's never to early to start strategically planning.
Click Here to Learn More
Top Scams to Watch Out For
Cybercriminals are becoming more sophisticated by the day. At Morgan Stanley, we take steps to help protect your assets, secure your information, and educate you on the latest scams.
Click Here to Learn More
2025 Tax Year Reminders
In 2025, legislative changes introduced a wide array of tax provisions. These changes are designed to impact various sectors and may have significant implications for our financial strategies and planning. Leverage the guide below for an overview of these changes and let a member of our team know if you have any questions.
View Guide
Charitable Giving Insights
For many individuals, families, and organizations, charitable giving is an important way to support meaningful causes while creating a lasting legacy. Effective philanthropy often extends beyond cash donations and may include appreciated securities, real estate, business interests, and other complex assets. As Financial Advisors, we help clients evaluate charitable giving strategies that can maximize the impact of their gifts while aligning with their broader financial, tax, and estate planning objectives. By thoughtfully structuring philanthropic goals, donors can enhance both the effectiveness of their giving and the legacy they hope to create.
View Giving OpportunitiesWorking With ZLF Wealth Management Group at Morgan Stanley
Managing wealth doesn't have to be overwhelming. Our 'Buckets' approach organizes your finances into three time-based categories - Now, Soon, and Later -
so you can make smarter decisions with clarity and confidence. Within each bucket, we focus on what matters most: simplifying your financial life, navigating pitfalls, unlocking potential opportunities, helping you protect your assets and information, securing your legacy, and staying aligned with your values
every step of the way.
so you can make smarter decisions with clarity and confidence. Within each bucket, we focus on what matters most: simplifying your financial life, navigating pitfalls, unlocking potential opportunities, helping you protect your assets and information, securing your legacy, and staying aligned with your values
every step of the way.
Simplify Your Financial Affairs
We serve as your dedicated financial advisor, leveraging Morgan Stanley’s vast global resources to make resilient investing and financial organization easier and more accessible.
Focus on What Matters
Our global network of economists, securities analysts, market strategists, and tax/public policy professionals help us listen for “signal” versus “noise”, enabling us to make well-informed financial decisions.
Avoid Investing Pitfalls
We have 80+ years’ collective experience working with families to identify, assess and hedge risks to your portfolio as we seek to help avoid common investing mistakes: your family will have a strategic plan in place to help avoid unnecessary threats to your portfolio.
Access Unique Investment Opportunities
Our global platform and partner network offers you access to a wide variety of differentiated investment strategies across the public and private markets, including some that are not available elsewhere.
Secure Your Legacy
We have strategically built our team to include partners of various ages, backgrounds and skill-sets to align with your entire family to help promote proper wealth transfer and form the foundation for multi-generational impact.
Prioritize the Safety of your Assets and Personal Information
Your sensitive data across all Morgan Stanley Wealth Management networks and applications is protected by an experienced in-house cyber defense organization, with professionals drawn from government security agencies and the technology industry.
Our Suite of Services
Retirement Planning
When preparing for retirement, at some point almost everyone struggles with one question: How can I plan for retirement when I have urgent short-term financial needs? This video shares some of the steps you can take to balance both, and we can discuss strategies that can be especially helpful to you and your financial journey.
A Simple 6 Step Retirement Checkup
Cash Management
We can help create a budget and cash flow plan that takes into account your income, expenses, and savings goals. We will also provide guidance on managing debt, building an emergency fund, and investing surplus cash to meet your financial objectives.
Estate Planning
Our team can help by creating a comprehensive plan that takes into account your assets, liabilities, and future financial goals. This includes strategies for maximizing the distribution of assts to beneficiaries, minimizing taxes and other expenses, and ensuring your wishes for your estate are carried out.
Risk Management
Life's risks can manifest themselves in many ways -from loss of life to loss of health - and have the potential to impair the efficiency of a thoughtfully developed plan. We proactively help address these concerns in a number of ways, ranging from insurance reviews to liquidity strategies.
Portfolio Management
We will work closely with you to understand your needs while actively maintaining the focus and discipline necessary to guide your portfolio in the most challenging market cycles.
Education Planning
Planning for higher education is one of the many goals we take pride in assisting our clients with. Seeing these goals turn into achievements inspires us to go above and beyond for our clients.
Financial Planning for Future Milestones
Preparation is crucial for reaching your financial milestones. Effective goals-based planning involves more than just knowing various investment types—it requires a tailored approach to evaluating opportunities, determining customized asset allocations and aligning them with your long-term goals.
Plan With Us
Goals Based Planning
Our number one goal is to help you figure out how to best pursue your goals. Watch how working with us can help.
How We Can HelpLocation
2330 W Joppa Road
Ste 255
Lutherville, MD 21093
US
Direct:
(410) 494-8356(410) 494-8356
Meet ZLF Wealth Management Group
Ryan M Lenet
Executive Director, Financial Advisor, Senior Portfolio Management Director, Financial Planning Specialist
Phone:
(410) 494-8092(410) 494-8092
Joel T Fink, CFP®, CRPS®, QPFC
Senior Vice President, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Financial Planning Specialist, Insurance Planning Director
Phone:
(410) 494-8356(410) 494-8356
Phone:
(443) 608-1087(443) 608-1087
Robert J. Friedman
Assistant Vice President - Wealth Management, Wealth Management Associate
Phone:
(410) 494-8368(410) 494-8368
Connor Effinger
Registered Client Service Associate
Phone:
(410) 583-4849(410) 583-4849
Jason Hicks, CRPC
Registered Senior Client Service Associate
Phone:
(410) 583-4845(410) 583-4845
Abigail Allen
Client Service Associate
Phone:
(410) 559-7258(410) 559-7258
Ayanna Byrd
Registered Client Service Associate
Phone:
(410) 494-1873(410) 494-1873
About Morry Zolet
A founding partner of ZLF Wealth Management Group at Morgan Stanley, Morry brings over three decades of experience to the complex investing and wealth structuring needs of his team’s trusted and valued clients. Morry came into the industry just before the 1987 crash and has witnessed the collapse of the dotcom bubble, weathered the global financial crisis and guided his clients through the evolutionary changes of the COVID epidemic. Living through these learning experiences has seasoned Morry and has sharpened his abilities to adapt to changes and apply strategies that continue to serve his clients and their families in this ever-changing world.
Morry began his career with Ferris, Baker Watts, Inc., rising to become a member of the firm’s Retail Advisory Board and a Senior Vice President. During this time, Morry also taught investment courses at the Johns Hopkins University Odyssey program. In addition, Morry was a Wall Street commentator on WBAL TV in Baltimore, as well as a panelist on PBS's "Wall Street Week." He joined Morgan Stanley in their Lutherville office in April 2000 and is now a Managing Director.
His exceptional work has earned him numerous accolades, including recognition by Baltimore Business Journal as one of Greater Baltimore’s “40 Under 40” most influential business leaders in 1997 and recognized by Barron's as one of the Top 1,000 Financial Advisors in the Country in 2009.
Morry graduated from the University of Maryland at College Park as a Dean’s List member with a BS degree in Finance. He earned the CERTIFIED FINANCIAL PLANNER® designation from the College of Financial Planning in Denver, CO and is a qualified Family Wealth Director.
Morry has always made it his mission to give back to his community. He currently serves on the Board of Governors for the Associated Jewish Charities, Past Chair of Investment Committee for the Associated. Morry is the Chair of the Governance Committee for the Port Discovery Children’s Museum and current Board Member and is a Trustee of the Hy Zolet Family Foundation where they provide Baltimore City High School Student Athletes, scholarships to 4-year colleges.
Morry is a lifelong resident of Maryland and currently resides in Owings Mills with his wife Lisa and they have three daughters, Alyson, Lindsay, and Cara. In his free time, Morry loves spending quality time with his family, friends, and his dog Cooper. His hobbies include traveling, golfing, working out, pickleball and going to the Theater.
Direct Phone: 410-583-4844
Email: morry.a.zolet@morganstanley.com
Barron's Top 1,000 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Feb 2009) Data compiled by Barron's based on time period from Sept 2007 - Sept 2008.
Morry began his career with Ferris, Baker Watts, Inc., rising to become a member of the firm’s Retail Advisory Board and a Senior Vice President. During this time, Morry also taught investment courses at the Johns Hopkins University Odyssey program. In addition, Morry was a Wall Street commentator on WBAL TV in Baltimore, as well as a panelist on PBS's "Wall Street Week." He joined Morgan Stanley in their Lutherville office in April 2000 and is now a Managing Director.
His exceptional work has earned him numerous accolades, including recognition by Baltimore Business Journal as one of Greater Baltimore’s “40 Under 40” most influential business leaders in 1997 and recognized by Barron's as one of the Top 1,000 Financial Advisors in the Country in 2009.
Morry graduated from the University of Maryland at College Park as a Dean’s List member with a BS degree in Finance. He earned the CERTIFIED FINANCIAL PLANNER® designation from the College of Financial Planning in Denver, CO and is a qualified Family Wealth Director.
Morry has always made it his mission to give back to his community. He currently serves on the Board of Governors for the Associated Jewish Charities, Past Chair of Investment Committee for the Associated. Morry is the Chair of the Governance Committee for the Port Discovery Children’s Museum and current Board Member and is a Trustee of the Hy Zolet Family Foundation where they provide Baltimore City High School Student Athletes, scholarships to 4-year colleges.
Morry is a lifelong resident of Maryland and currently resides in Owings Mills with his wife Lisa and they have three daughters, Alyson, Lindsay, and Cara. In his free time, Morry loves spending quality time with his family, friends, and his dog Cooper. His hobbies include traveling, golfing, working out, pickleball and going to the Theater.
Direct Phone: 410-583-4844
Email: morry.a.zolet@morganstanley.com
Barron's Top 1,000 Financial Advisors: State-by-State
Source: Barron's.com (Awarded Feb 2009) Data compiled by Barron's based on time period from Sept 2007 - Sept 2008.
Securities Agent: OH, NJ, PR, NC, IL, GA, WI, SC, MO, ID, TX, PA, KY, AK, WV, VT, TN, MD, IN, NV, NM, CT, WY, UT, OR, MI, LA, CO, WA, ME, DE, CA, OK, MA, DC, AZ, AL, NY, NH, MT, FL, VA; General Securities Representative; Investment Advisor Representative
NMLS#: 1265239
CA Insurance License #: 4210901
NMLS#: 1265239
CA Insurance License #: 4210901
About Ryan M Lenet
Ryan is an Executive Director and Portfolio Management Director with Morgan Stanley. His career began with American Express Financial Advisors in 1995, and in 1999 he joined Morgan Stanley. Ryan is a founding partner of ZLF Wealth Management Group at Morgan Stanley. As a financial advisor, he focuses on comprehensive financial planning and wealth management for his clients.
Ryan graduated with a Bachelor of Science degree from The University of Maryland at College Park and later earned the Financial Planning Specialist Designation from Morgan Stanley.
Ryan is passionate about helping his clients navigate the challenging course of the capital markets as they work towards their own personal and family goals. He compares his work to that of a captain of a commercial Airline. Taking his clients to their respective destinations such as retirement, in the smoothest possible way, while at the same time providing guidance as turbulence is encountered.
Ryan also enjoys giving back to the community. He currently is on the Board of Trustees at The Baltimore School for the Arts and is on the BSA Finance Committee. In addition, is on the Retirement 401K Committee for The Associated Jewish Charities and is Chair of the Finance Committee at Baltimore Hebrew Congregation. While in college, he worked as an intern in the financial services field and knows the power of college internships for young kids. He has spent his career mentoring college kids and providing internships.
When not in the office, Ryan prefers to spend most of his time with his family. Mountain Biking out west is amongst his favorite activity. In addition, he has a strong love of the arts. Taking his family to New York to see as many Broadway shows as possible and getting to Live Music Concerts is amongst his favorite activities.
Direct Phone: 410-494-8092
Email: ryan.m.lenet@morganstanley.com
Ryan graduated with a Bachelor of Science degree from The University of Maryland at College Park and later earned the Financial Planning Specialist Designation from Morgan Stanley.
Ryan is passionate about helping his clients navigate the challenging course of the capital markets as they work towards their own personal and family goals. He compares his work to that of a captain of a commercial Airline. Taking his clients to their respective destinations such as retirement, in the smoothest possible way, while at the same time providing guidance as turbulence is encountered.
Ryan also enjoys giving back to the community. He currently is on the Board of Trustees at The Baltimore School for the Arts and is on the BSA Finance Committee. In addition, is on the Retirement 401K Committee for The Associated Jewish Charities and is Chair of the Finance Committee at Baltimore Hebrew Congregation. While in college, he worked as an intern in the financial services field and knows the power of college internships for young kids. He has spent his career mentoring college kids and providing internships.
When not in the office, Ryan prefers to spend most of his time with his family. Mountain Biking out west is amongst his favorite activity. In addition, he has a strong love of the arts. Taking his family to New York to see as many Broadway shows as possible and getting to Live Music Concerts is amongst his favorite activities.
Direct Phone: 410-494-8092
Email: ryan.m.lenet@morganstanley.com
Securities Agent: WI, TX, NM, AK, OK, NH, GA, FL, VA, TN, ME, CT, CO, SC, NJ, AL, UT, PR, MT, IL, PA, KY, DE, AZ, WY, MI, LA, WV, WA, OH, IN, VT, OR, NC, MD, CA, NY, NV, MO, MA, ID, DC; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1288038
CA Insurance License #: 4210902
NMLS#: 1288038
CA Insurance License #: 4210902
About Joel T Fink
As a Senior Vice President, Joel T. Fink brings 20+ years of experience as a Financial Advisor to ZLF Wealth Management Group. He joined Morgan Stanley in 2005 after graduating Phi Beta Kappa and Magna Cum Laude from Franklin & Marshall College as a major in Business Finance and Economics.
Joel holds several prestigious credentials including CERTIFIED FINANCIAL PLANNER™ from the College of Financial Planning, Chartered Retirement Plans Specialist℠, Qualified Plan Financial Consultant (QPFC), and Insurance Planning Director. He uses these designations to provide holistic financial planning advice for his clients and their families. They also help him advise businesses on creating, implementing and maintaining retirement plans, and in developing and servicing the corporate and institutional client relationships for The Zolet Lenet and Fink Group.
Giving back to his community is a top priority for Joel. From 2023-2025, he served as the President of the Board for Jewish Community Services, a prominent social service agency that provides wrap-around care and support for the most vulnerable in Baltimore. Additionally, Joel has chaired the Associated’s Planned Giving Round Table, a group that brings together professionals from a variety of disciplines to network, enhance their technical skills and hear from nationally recognized planned giving and financial experts. Joel has also been involved with Franklin & Marshall’s local alumni chapter for many years. Joel has received various leadership awards throughout his years of volunteer service including the JCS Board Leadership Award, the NJHSA’s Lay Leadership Award of Excellence, the Associated’s Harry Greenstein Young Leadership Award, JuliusRosenberg Memorial Award, Zelda Miller Memorial Award, and the 2024 Giving Back Award from Morgan Stanley.
Born and raised in Baltimore County, Joel resides in the Anneslie neighborhood of Towson with his wife and two young children. Joel spends his spare time primarily with his family and friends, and enjoys supporting the Ravens, Orioles, Terps, and Wolverines, as well as listening to an eclectic array of music. In his past life, Joel was a rock and jazz drummer.
Direct Phone: 410-494-8356
Email: joel.t.fink@morganstanley.com
Joel holds several prestigious credentials including CERTIFIED FINANCIAL PLANNER™ from the College of Financial Planning, Chartered Retirement Plans Specialist℠, Qualified Plan Financial Consultant (QPFC), and Insurance Planning Director. He uses these designations to provide holistic financial planning advice for his clients and their families. They also help him advise businesses on creating, implementing and maintaining retirement plans, and in developing and servicing the corporate and institutional client relationships for The Zolet Lenet and Fink Group.
Giving back to his community is a top priority for Joel. From 2023-2025, he served as the President of the Board for Jewish Community Services, a prominent social service agency that provides wrap-around care and support for the most vulnerable in Baltimore. Additionally, Joel has chaired the Associated’s Planned Giving Round Table, a group that brings together professionals from a variety of disciplines to network, enhance their technical skills and hear from nationally recognized planned giving and financial experts. Joel has also been involved with Franklin & Marshall’s local alumni chapter for many years. Joel has received various leadership awards throughout his years of volunteer service including the JCS Board Leadership Award, the NJHSA’s Lay Leadership Award of Excellence, the Associated’s Harry Greenstein Young Leadership Award, JuliusRosenberg Memorial Award, Zelda Miller Memorial Award, and the 2024 Giving Back Award from Morgan Stanley.
Born and raised in Baltimore County, Joel resides in the Anneslie neighborhood of Towson with his wife and two young children. Joel spends his spare time primarily with his family and friends, and enjoys supporting the Ravens, Orioles, Terps, and Wolverines, as well as listening to an eclectic array of music. In his past life, Joel was a rock and jazz drummer.
Direct Phone: 410-494-8356
Email: joel.t.fink@morganstanley.com
Securities Agent: AL, AZ, UT, NJ, NC, NY, MI, NV, NH, MT, GA, AK, VA, TN, SC, MD, WA, VT, PR, MA, IN, DC, OR, OH, ME, IL, WI, ID, DE, TX, OK, MO, KY, CT, CA, WY, WV, PA, NM, LA, CO, FL; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1268449
CA Insurance License #: 4210903
NMLS#: 1268449
CA Insurance License #: 4210903
About David Kalvar
David is a Vice President and Financial Advisor with over nine years of investment experience, primarily focused on long-term wealth management. He built a career in marketing before beginning his Wealth Management journey at Merrill Lynch in 2017, and he joined Morgan Stanley in 2023.
David helps individuals and families make confident financial decisions through personalized planning and investment guidance. His approach is built on trust, transparency, and a commitment to understanding each client’s unique goals. David’s number one priority is to be there for you when you need him, helping you address the financial challenges that may arise, while also assisting you in the pursuit of opportunities throughout your life.
David is a graduate of the State University of New York at Binghamton with a Bachelor's degree in Mathematics and Economics and received his M.B.A. in Finance and Marketing from the Stern School of Business at New York University. After 15 years of coaching youth sports, David turned his attention toward community work, volunteering with organizations that provide food assistance and support for children and seniors. In his spare time, David enjoys family time, cooking, reading and the occasional round of golf.
Direct Phone: 443-608-1087
Email: david.kalvar@morganstanley.com
David helps individuals and families make confident financial decisions through personalized planning and investment guidance. His approach is built on trust, transparency, and a commitment to understanding each client’s unique goals. David’s number one priority is to be there for you when you need him, helping you address the financial challenges that may arise, while also assisting you in the pursuit of opportunities throughout your life.
David is a graduate of the State University of New York at Binghamton with a Bachelor's degree in Mathematics and Economics and received his M.B.A. in Finance and Marketing from the Stern School of Business at New York University. After 15 years of coaching youth sports, David turned his attention toward community work, volunteering with organizations that provide food assistance and support for children and seniors. In his spare time, David enjoys family time, cooking, reading and the occasional round of golf.
Direct Phone: 443-608-1087
Email: david.kalvar@morganstanley.com
Securities Agent: OR, MA, VA, OK, NH, CT, CA, UT, TN, GA, OH, ME, KY, VT, DE, DC, WV, WI, RI, PA, NY, NM, IN, CO, AZ, NJ, FL, TX, IL, WY, WA, PR, NV, NC, MO, MI, LA, ID, AL, AK, SC, MT, MD; General Securities Representative; Investment Advisor Representative
NMLS#: 1631319
NMLS#: 1631319
About Robert J. Friedman
Robert J. Friedman is an Assistant Vice President and Wealth Management Associate with Morgan Stanley. He began his career in the Financial Services industry in 1990. He has held several positions in the industry including Retirement Client Services, Margin Operations, Client Account Services and Legal and Compliance.
Rob joined the ZLF Wealth Management Group at Morgan Stanley in 2012. As the Senior Support professional on the team, he focuses on providing exceptional client service and operational oversight. He also provides support for Portfolio Management and Consulting Group trading for our clients.
Rob graduated from State University of New York College at Brockport with a degree in Business Administration with a concentration in Finance.
Rob is an active member of the Maryland Board of Football Officials and has officiated High School Football since 2000. He lives in Owings Mills, MD with his wife Lisa and his children, Allison and Jordan.
Email: robert.j.friedman@morganstanley.com
Phone: 410-494-8368
Rob joined the ZLF Wealth Management Group at Morgan Stanley in 2012. As the Senior Support professional on the team, he focuses on providing exceptional client service and operational oversight. He also provides support for Portfolio Management and Consulting Group trading for our clients.
Rob graduated from State University of New York College at Brockport with a degree in Business Administration with a concentration in Finance.
Rob is an active member of the Maryland Board of Football Officials and has officiated High School Football since 2000. He lives in Owings Mills, MD with his wife Lisa and his children, Allison and Jordan.
Email: robert.j.friedman@morganstanley.com
Phone: 410-494-8368
About Connor Effinger
Connor is a graduate of High Point University and began his career at T. Rowe Price, most recently working there as a Brokerage Specialist with High Net Worth clients. He has a background in Exercise Science. Connor is here to help with any questions or service-related items you may have.
Email: connor.effinger@morganstanley.com
Phone: 410-583-4849
Email: connor.effinger@morganstanley.com
Phone: 410-583-4849
About Jason Hicks
Jason Hicks is a financial services professional with over 17 years of experience. Jason earned the Chartered Retirement Planning Counselor (CRPC®) designation and brings a wealth of knowledge from his previous experience with T. Rowe Price, Merrill Lynch and Wells Fargo.
Jason is an avid soccer fan and has coached youth club teams in the area. He lives in Parkville, MD with his wife Jennifer and his children, John and Josephine.
*This role cannot solicit or provide investment advice*
Email: jason.hicks@morganstanley.com
Phone: 410-583-4845
Jason is an avid soccer fan and has coached youth club teams in the area. He lives in Parkville, MD with his wife Jennifer and his children, John and Josephine.
*This role cannot solicit or provide investment advice*
Email: jason.hicks@morganstanley.com
Phone: 410-583-4845
About Abigail Allen
Abigail Allen is a graduate of The State University of New York College at Brockport, where she earned a degree in Finance with a minor in Economics. Her interest for Financial Services began with an internship at Kane Financial. Most recently, she lived in Buffalo, NY working as a Balance Sheet Management Analyst for Citigroup.
Abby enjoys traveling to see new places so when she's not at work, you will find her searching for new adventures on a hiking trail or, when winter sets in, heading for the ski slopes.
Email: Abigail.Allen1@morganstanley.com
Phone: 410-559-7258
Abby enjoys traveling to see new places so when she's not at work, you will find her searching for new adventures on a hiking trail or, when winter sets in, heading for the ski slopes.
Email: Abigail.Allen1@morganstanley.com
Phone: 410-559-7258
About Ayanna Byrd
With a passion for helping clients achieve their financial goals, Ayanna has been a dedicated professional in the Wealth Management sector since 2023. After beginning her financial career with Merrill Edge in 2022, Ayanna transitioned to Wealth Management, where she has successfully assisted numerous clients with patience and personalized care.
A proud graduate of the University of Maryland in 2020, Ayanna combines a solid educational foundation with a commitment to delivering exceptional service. When not focused on client needs, Ayanna enjoys reading and experimenting with new recipes in the kitchen.
A proud graduate of the University of Maryland in 2020, Ayanna combines a solid educational foundation with a commitment to delivering exceptional service. When not focused on client needs, Ayanna enjoys reading and experimenting with new recipes in the kitchen.
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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
Karen Pillets, CFP®
Financial Planning Director, Vice President
Chris Smith
Trust Specialist
Mark Jansen
Family Office Resources Generalist
About Karen Pillets
Karen Pillets is a vice president and financial planning director serving Morgan Stanley Wealth Management offices in Delaware and Maryland. She is responsible for helping financial advisors with their clients’ and prospects’ financial planning needs.
Karen began her career in financial services in 1977 and joined Morgan Stanley in 2022. Prior to her current position, she worked at Fidelity Investments, State Farm, Provident Bank, Third National Bank, and Equitable Bank.
Karen graduated with a BA from what is now McDaniel College and an MBA from what is now Loyola University of Baltimore, and holds her CERTIFIED FINANCIAL PLANNER ™ designation. Karen lives in Millsboro, Delaware. Outside of work, Karen enjoys exploring the waterways of Delaware and Maryland with family and friends. Supporting the Children’s Beach House and Milton Theatre are also favorite diversions.
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 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.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
Karen began her career in financial services in 1977 and joined Morgan Stanley in 2022. Prior to her current position, she worked at Fidelity Investments, State Farm, Provident Bank, Third National Bank, and Equitable Bank.
Karen graduated with a BA from what is now McDaniel College and an MBA from what is now Loyola University of Baltimore, and holds her CERTIFIED FINANCIAL PLANNER ™ designation. Karen lives in Millsboro, Delaware. Outside of work, Karen enjoys exploring the waterways of Delaware and Maryland with family and friends. Supporting the Children’s Beach House and Milton Theatre are also favorite diversions.
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 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.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
About Chris Smith
Chris Smith is an Executive Director and Head of Morgan Stanley’s Trust Services Group. As a 30-year employee of Morgan Stanley, Chris is responsible for maintaining the “Open Architecture” trustee platform, which consists of thirteen third-party trust companies who can serve in a fiduciary, agency or custodial role for ultra-high-net worth client trust accounts. Chris and the Trust Services Group help Advisors, clients, prospects and the professional community understand the corporate trustee services available through Morgan Stanley and how our corporate trustee partners can be used to provide fiduciary solutions for clients. This involves reviewing trust document and statements as well as analyzing family dynamics. Chris then uses this information to recommend one or more of the firm’s third-party corporate trustee partners to possibly serve as trustee, co-trustee or administrative agent for a client trust account.
Prior to joining Morgan Stanley (Dean Witter), Chris worked in the Retirement Plans department of Prudential Securities and prior to that the District Agency department of Prudential Insurance Company. Chris holds a Bachelor of Arts degree in Communication/Journalism and Psychology from St. John Fisher College in Rochester, NY. He lives in Saratoga Springs, NY with his wife Sharon and two boys, Ryan and Michael and has a passion for golf, skiing and horse racing.
Prior to joining Morgan Stanley (Dean Witter), Chris worked in the Retirement Plans department of Prudential Securities and prior to that the District Agency department of Prudential Insurance Company. Chris holds a Bachelor of Arts degree in Communication/Journalism and Psychology from St. John Fisher College in Rochester, NY. He lives in Saratoga Springs, NY with his wife Sharon and two boys, Ryan and Michael and has a passion for golf, skiing and horse racing.
About Mark Jansen
Mark Jansen is a Family Office Resources Generalist for Morgan Stanley’s Family Office Resources, covering the Southeast Region. In this capacity, Mark provides specialized expertise to Financial Advisors and their UHNW clients across a broad range of family wealth management issues including; family governance and wealth education, strategic estate and financial planning, philanthropy management and lifestyle advisory. Mark has over 30 years of experience advising wealthy families, business owners, and their children.
Most recently, Mark worked with New York Life in their Advanced Planning Group working with agents and their UHNW clients advising them on estate and legacy planning, business buy sell planning, and succession planning. Prior to New York Life, Mark held similar Advanced Planning Consulting roles in several National financial organizations. He originally started his career in the financial services industry in the tax department of the public accounting firm Grant Thornton. He is known for taking complex ideas and making them easy to understand. Frequently speaking to groups and individuals on estate and business planning, he brings a conversational style that helps to clarify the complex nature of these topics.
Mark received a Bachelor of Science degree from St. John’s University in Collegeville MN, received his JD degree Cum Laude from the University of Minnesota and his CPA license while working at Grant Thornton. He holds a Series 7, 24 and 63 securities licenses. He currently lives in Richmond Virginia with his wife and occasionally one of their 6 children.
Most recently, Mark worked with New York Life in their Advanced Planning Group working with agents and their UHNW clients advising them on estate and legacy planning, business buy sell planning, and succession planning. Prior to New York Life, Mark held similar Advanced Planning Consulting roles in several National financial organizations. He originally started his career in the financial services industry in the tax department of the public accounting firm Grant Thornton. He is known for taking complex ideas and making them easy to understand. Frequently speaking to groups and individuals on estate and business planning, he brings a conversational style that helps to clarify the complex nature of these topics.
Mark received a Bachelor of Science degree from St. John’s University in Collegeville MN, received his JD degree Cum Laude from the University of Minnesota and his CPA license while working at Grant Thornton. He holds a Series 7, 24 and 63 securities licenses. He currently lives in Richmond Virginia with his wife and occasionally one of their 6 children.
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.
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 trusts, estate planning, charitable giving, philanthropic planning and other legal matters.
Morgan Stanley does not accept appointments, nor will it act as a trustee, but it will provide access to trust services through an appropriate third-party corporate trustee.
Trusts are not necessarily appropriate for all clients. There are risks and considerations which may outweigh any potential benefits. Establishing a trust will incur fees and expenses which may be substantial. Trusts often incur ongoing administrative fees and expenses such as the services of a corporate trustee, attorney, or tax professional.
Trust services are provided by third parties who are not affiliated with Morgan Stanley. Neither Morgan Stanley nor its affiliates are the provider of such trust services and will not have any input or responsibility concerning a client’s eligibility for, or the terms and conditions associated with these trust services. Neither Morgan Stanley nor its affiliates shall be responsible for any advice or services provided by the unaffiliated third parties. Morgan Stanley or its affiliates may participate in transactions on a basis separate from the referral of clients to these third parties and may receive compensation in connection with referrals made to them.
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.
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.
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 trusts, estate planning, charitable giving, philanthropic planning and other legal matters.
Morgan Stanley does not accept appointments, nor will it act as a trustee, but it will provide access to trust services through an appropriate third-party corporate trustee.
Trusts are not necessarily appropriate for all clients. There are risks and considerations which may outweigh any potential benefits. Establishing a trust will incur fees and expenses which may be substantial. Trusts often incur ongoing administrative fees and expenses such as the services of a corporate trustee, attorney, or tax professional.
Trust services are provided by third parties who are not affiliated with Morgan Stanley. Neither Morgan Stanley nor its affiliates are the provider of such trust services and will not have any input or responsibility concerning a client’s eligibility for, or the terms and conditions associated with these trust services. Neither Morgan Stanley nor its affiliates shall be responsible for any advice or services provided by the unaffiliated third parties. Morgan Stanley or its affiliates may participate in transactions on a basis separate from the referral of clients to these third parties and may receive compensation in connection with referrals made to them.
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.
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Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
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Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
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Ready to start a conversation? Contact ZLF Wealth Management Group today.
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.
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’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.
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.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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.
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
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’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.
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.
5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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.
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)
