Morgan Stanley

Investment advice is provided by Morgan Stanley Smith Barney LLC and its affiliates Morgan Stanley Financial Advisors, Morgan Stanley Private Wealth Advisors, and Morgan Stanley Financial Advisors ("Morgan Stanley") regarding a retirement plan, individual retirement account, or Coverdell education saving account ("Retirement Account"). Morgan Stanley is a fiduciary under the terms of the Employee Retirement Income Security Act of 1973, as amended, and/or the Internal Revenue Code of 1987, as applicable. Investment advice is not provided by Morgan Stanley if it provides investment education, accepts orders without advice, or does not advise on investments. For more information about Morgan Stanley's role with respect to a Retirement Account, please go to www.morganstanley.com/disclosures/dol. Tax laws are complicated and may change. Morgan Stanley does not provide legal or tax advice. Before setting up a retirement account, consult your legal and tax advisors. Consult your tax advisor for tax matters. Your attorney will advise you on trust and estate planning, charitable gift planning, and any other legal matters.