Morgan Stanley (2024)

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Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.

A mutual fund's prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. For a current prospectus, visit etrade.com/mutualfunds.

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Morgan Stanley research reports and the information derived from such reports are provided for information purposes only. This content is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It is not individually tailored investment advice and is prepared and made available without regard to your individual financial circ*mstances and objectives. The securities and strategies discussed or referred to in this content may not be appropriate for you. Your decision to buy, hold or sell a security should depend on your individual circ*mstances (such as your investment objectives and experience, time horizon, liquidity needs, financial situation and existing holdings) and other considerations. Please see the relevant research report for important disclosures. Morgan Stanley Smith Barney LLC is an affiliate of Morgan Stanley & Co. LLC.

E*TRADE is offering access to insurance products through its relationship with Covr Financial Technologies, Inc. (“Covr”). Covr provides direct to consumer insurance solutions. E*TRADE makes no representations regarding the appropriateness or otherwise of the products or services provided by Covr and the insurance carriers on its platform. There are additional service providers for comparative purposes. If you choose to pursue coverage, you must do your own diligence and make your own independent decision. E*TRADE and/or a licensed insurance agency subsidiariesmay earn commissions or other forms of compensation for products purchased through Covr. Covr and E*TRADE are unaffiliated entities.

  1. Morgan Stanley Financial Advisors, Private Wealth Advisors, and Morgan Stanley Virtual Advisors (collectively, Financial Advisors) are licensed representatives of Morgan Stanley Smith Barney LLC. We may connect you with an E*TRADE representative before you speak with a Morgan Stanley Financial Advisor. Opening an account with a Morgan Stanley Financial Advisor may require minimum asset levels. Other eligibility requirements may apply and certain products and services (including any lifestyle programs) are not available to or appropriate for all clients. Fees may apply should you choose to open an account with Morgan Stanley. Account fees and other important information can be found at www.morganstanley.com/iai.

Under SIPC, securities in your securities brokerage account(s) are protected up to $500,000 ($250,000 for cash claims). Morgan Stanley also maintains additional insurance with an aggregate limit of $1 billion. E*TRADE from Morgan Stanley clients will be covered under the Morgan Stanley excess of SIPC supplemental insurance policy. Please be advised that you may obtain information about SIPC, including the SIPC brochure, by contacting SIPC at (201) 371-8300 or by visiting www.sipc.org.

Morgan Stanley Smith Barney LLC, either directly or indirectly, may route customer equity orders to national securities exchanges; alternative trading systems, including electronic communication networks; and other market makers, including its affiliate Morgan Stanley & Co. LLC.

Securities products and investment advisory services offered by Morgan Stanley Smith Barney LLC, Member SIPC and a Registered Investment Adviser. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA Stock plan administration solutions and services offered by E*TRADE Financial Corporate Services, Inc., and are a part of Morgan Stanley at Work. Banking products and services provided by Morgan Stanley Private Bank, National Association, Member FDIC. All entities are separate but affiliated subsidiaries of Morgan Stanley. E*TRADE from Morgan Stanley and Morgan Stanley at Work are registered trademarks of Morgan Stanley.

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Morgan Stanley (2024)
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