Morgan Stanley Financial Advisors

Morgan Stanley Financial Advisors Terminology Morgan Stanley Smith Barney LLC and its associates, Morgan Stanley Financial Advisors, Morgan Stanley Private Wealth Advisors, and Morgan Stanley Financial Advisors authorize the "investment advice" they provide concerning a retirement account or individual retirement account, or Coverdell education saving account ("Retirement Account"). Morgan Stanley is a fiduciary under the Employee Retirement Income Security Act of 1973, as amended ("ERISA") and/or the Internal Revenue Code of 1987 ("Code") where applicable. Morgan Stanley is not acting as a fiduciary under ERISA or the Code when it provides investment education, accepts orders without solicitation, or does not provide “investment advice”. For details on Morgan Stanley's role concerning Retirement Accounts, visit www.morganstanley.com/disclosures/dol. The tax laws can be confusing and are subject to change. It is not within Morgan Stanley's remit to give legal or tax advice due to the lack of the requisite authorization. To ensure compliance with the law, individuals should seek legal and tax counsel before setting up a retirement account. Consult your tax advisor for tax-related issues or tax planning. Consult with an attorney for trust and estate planning, charitable gift planning, and other legal concerns.