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The Strength of Morgan Stanley Wealth Management
Morgan Stanley serves many of the world’s most sophisticated and demanding institutional and individual investors. Our global presence and expertise allow us to provide our clients with financial advice, integrated solutions and intelligence across all the world’s major markets.
Our valued clients have entrusted a total of more than $1.7 trillion in assets with Morgan Stanley, making us one of the world’s leading wealth management firms. As we strive for excellence in advising clients and helping them manage their wealth, no responsibility is more important to us than making certain that our clients’ assets are safe, secure and available when needed. Morgan Stanley (under the name "Morgan Stanley Smith Barney LLC") is subject to the regulation of the US Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), US Commodity Futures Trade Commission (CFTC) and other regulatory bodies. Morgan Stanley has built a strong capital position with substantial liquidity reserves, as detailed in the following literature:
Morgan Stanley Smith Barney LLC is a member of SIPC, a federally mandated US nonprofit corporation that protects customer assets from financial loss in the event a broker-dealer becomes insolvent.
SIPC automatically covers securities custodied with Morgan Stanley Smith Barney LLC (stocks, bonds, notes) up to $500,000 per client capacity (e.g., individual, joint) of which $250,000 may be cash. This means that in the unlikely event of liquidation, a court-appointed trustee of a SIPC member firm and SIPC representative will examine the records of the member firm to verify that all of the securities are accounted for. If sufficient funds are not available in the firm’s customer accounts to satisfy claims within the above limits, the reserve funds of SIPC are used to supplement the distribution, up to the ceiling of $500,000 per customer, including up to $250,000 for cash claims.
Money market funds receive SIPC coverage as securities, not as cash. Funds in the Bank Deposit Program are covered by FDIC insurance, not SIPC.
Additional information about SIPC is available at http://www.sipc.org/.
Morgan Stanley Smith Barney LLC also has obtained private insurance in excess of SIPC coverage, which provides an additional $1 billion coverage on an aggregate basis to cover shortfalls if basic SIPC coverage is insufficient as a result of breach of securities rules or physical loss or damage to customer assets. This coverage is subject to a firm wide cap of $1 billion with no per-client limit for securities and a $1.9 million per-client limit for the cash portion of any remaining shortfall.
Federal Deposit Insurance Company (FDIC) Coverage
The FDIC is an independent agency of the US government created by Congress to maintain stability and public confidence in the nation’s financial system by, among other things, insuring deposits.
FDIC deposit insurance protects clients against the failure of each depository institution that participates in Morgan Stanley Smith Barney LLC’s Bank Deposit Program.
Deposits in the Bank Deposit Program are FDIC insured up to a total of $250,000 per bank for each insurable capacity in which funds are held (individual, joint, etc.).
SIPC automatically covers securities custodied with Morgan Stanley Smith Barney LLC (stocks, bonds, notes) up to $500,000 per client capacity (e.g., individual, joint) of which $250,000 may be cash. This means that in the unlikely event of liquidation, a court-appointed trustee of a SIPC member firm and SIPC representative will examine the records of the member firm to verify that all of the securities are accounted for. If sufficient funds are not available in the firm’s customer accounts to satisfy claims within the above limits, the reserve funds of SIPC are used to supplement the distribution, up to the ceiling of $500,000 per customer, including up to $250,000 for cash claims.
Money market funds receive SIPC coverage as securities, not as cash. Funds in the Bank Deposit Program are covered by FDIC insurance, not SIPC.
Additional information about SIPC is available at http://www.sipc.org/.
Morgan Stanley Smith Barney LLC also has obtained private insurance in excess of SIPC coverage, which provides an additional $1 billion coverage on an aggregate basis to cover shortfalls if basic SIPC coverage is insufficient as a result of breach of securities rules or physical loss or damage to customer assets. This coverage is subject to a firm wide cap of $1 billion with no per-client limit for securities and a $1.9 million per-client limit for the cash portion of any remaining shortfall.
Federal Deposit Insurance Company (FDIC) Coverage
The FDIC is an independent agency of the US government created by Congress to maintain stability and public confidence in the nation’s financial system by, among other things, insuring deposits.
FDIC deposit insurance protects clients against the failure of each depository institution that participates in Morgan Stanley Smith Barney LLC’s Bank Deposit Program.
Deposits in the Bank Deposit Program are FDIC insured up to a total of $250,000 per bank for each insurable capacity in which funds are held (individual, joint, etc.).
Additional information about the FDIC is available at http://www.fdic.gov/.
This 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: http://www.morganstanley.com/disclaimers/mssbemail.html. Any profiles and associated content are for U.S. residents only
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
The securities/instruments, investments and investment strategies discussed in this material may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website do not necessarily reflect those of Morgan Stanley.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP, CERTIFIED FINANCIAL PLANNER and CFP (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA, Certified Investment Management Analyst (with graph element)®, and Certified Investment Management Analyst .
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