Products and Planning

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

Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.

Morgan Stanley offers a wide array of brokerage and advisory products and services, including financial planning, retirement planning, education funding, lending, cash management, insurance, annuities, alternative investments, and sustainable investing strategies. Not all products and services are available in all jurisdictions or appropriate for all clients.

Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results. Asset allocation, diversification and rebalancing do not assure a profit or protect against loss in declining financial markets.

Alternative investments are speculative, involve a high degree of risk, are not suitable for all investors, and may be illiquid. Alternative investments often have higher fees than traditional investments and may employ leverage, derivatives or other strategies that can increase risk.

Insurance products and annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates. Guarantees are based on the claims-paying ability of the issuing insurance company and do not apply to the performance of any underlying investment options.

Tax-efficient investing, retirement planning, education funding and charitable giving strategies may have tax and legal consequences. Morgan Stanley, its affiliates and Morgan Stanley Financial Advisors do not provide tax or legal advice. Clients should consult their own tax and legal advisors before making any tax-related investment or planning decisions.

Lending products and services are not investment products and are subject to credit approval. Borrowing against securities may not be suitable for all investors and may involve risks, including potential margin calls, liquidation of securities, and possible tax consequences.

Cash management and banking-related services are provided by Morgan Stanley Smith Barney LLC and/or its affiliates and third-party banks, as applicable. Certain cash management features may be subject to terms, conditions, restrictions, fees and eligibility requirements.

Morgan Stanley 529 plans and education funding strategies should be considered in light of each investor’s objectives, risk tolerance, time horizon and tax situation. Investors should consider a 529 plan’s investment objectives, risks, charges and expenses before investing.

Sustainable and impact investing strategies may not achieve their intended social or environmental objectives and may limit the investment opportunities available to a portfolio, which could affect performance.

Digital tools, online platforms and planning resources are provided for informational and educational purposes only and should not be considered individualized investment advice or a recommendation to buy, sell or hold any security or pursue any investment strategy.

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CRC #5862302 (09/2026)