Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose ValueCheck the background of Morgan Stanley Smith Barney LLC on FINRA's BrokerCheckand see
the Morgan Stanley Smith Barney LLC RelationshipSummary.PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.
Consolidation is not right for everyone, so you should carefully consider your options. Before deciding whether to retain assets in a retirement plan account through a former employer, roll them over to a qualified retirement plan account through a new employer (if one is available and rollovers are permitted), or roll them over to an IRA, an investor should consider all his or her options and the various factors including, but not limited to, the differences in investment options, fees and expenses, services, the exceptions to the early withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, the tax treatment of employer stock (if held in the qualified retirement plan account), and the availability of plan loans (i.e., loans are not permitted from IRAs, and the availability of loans from a qualified retirement plan will depend on the terms of the plan). For additional information, view the FINRA Website.
Prior to investing in a managed portfolio, Morgan Stanley Smith Barney LLC will obtain important information about your financial situation and risk tolerances and provide you with a detailed investment proposal, investment advisory agreement, and wrap fee programs brochure. These documents contain important information that should be read carefully before enrolling in a managed account program. Please read the Core Portfolios Wrap Fee Programs Brochure for more information on the advisory fee, rebalancing methodologies, portfolio management, affiliations, and services offered.
Investing in securities involves risk, including possible loss of principal.
Diversification and asset allocation strategies do not ensure profit or protect against loss in declining markets. Investments in securities and other instruments involve risk and will not always be profitable including loss of principal.
E*TRADE sometimes provides its customers with cash credits or special offers related to the opening or funding of accounts or other activities. E*TRADE credits and offers may be subject to U.S. withholding taxes and reporting at retail value. Taxes related to these offers are the customer's responsibility.E*TRADE reserves the right to change the offer terms or terminate the offer at any time without notice.
E*TRADE from Morgan Stanley charges $0 commission for online US-listed stock, ETF, mutual fund, and options trades. Exclusions may apply and E*TRADE from Morgan Stanley reserves the right to charge variable commission rates. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). The retail online $0 commission does not apply to Over-the-Counter (OTC) securities transactions, foreign stock transactions, large block transactions requiring special handling, futures, or fixed income investments. Service charges apply for trades placed through a broker ($25). Stock plan account transactions are subject to a separate commission schedule. All fees and expenses as described in a fund's prospectus still apply. Additional regulatory and exchange fees may apply. For more information about pricing, visitetrade.com/pricing.
In Benzinga’s 2021 Global Fintech Awards, E*TRADE was named Best Brokerage for Beginners and Best Options App. The Benzinga Fintech list is an index of carefully-vetted companies & executives that are actively working to create positive and diverse changes in the financial services space. Learn more
E*TRADE from Morgan Stanley ("E*TRADE") charges $0 commissions for online US-listed stock, ETF, mutual fund, and options trades. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). The retail online $0 commission does not apply to Over-the-Counter (OTC) securities transactions, foreign stock transactions, large block transactions requiring special handling, futures, or fixed income investments. Service charges apply for trades placed through a broker ($25). Stock plan account transactions are subject to a separate commission schedule. All fees and expenses as described in a fund's prospectus still apply. Additional regulatory and exchange fees may apply. For more information about pricing, visit etrade.com/pricing.
The Annual Advisory Fee is 0.30%, or as low as $1.50 for $500 in assets, and is the direct fee charged to any client in the advisory program. The advisory fee does not cover underlying management fees and expenses of any mutual fund or ETF investment held in the portfolio.
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. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Statement of Financial Condition | About Asset Protection | Account Agreements and Disclosures | Quarterly 606 Report | Business Resiliency Plan ©currentYear E*TRADE from Morgan Stanley. All rights reserved. E*TRADE Copyright Policy
As an expert with a demonstrable understanding of the financial services industry, particularly brokerage firms and investment management, I can provide insights into the information presented in the article. My expertise is grounded in comprehensive knowledge acquired through in-depth research, professional experience, and ongoing engagement with industry developments.
The article revolves around Morgan Stanley Smith Barney LLC and E*TRADE, emphasizing various aspects of their services, products, fees, and investment strategies. Let's break down the concepts mentioned:
-
Background Check on Morgan Stanley Smith Barney LLC:
- FINRA's BrokerCheck: This is a tool provided by the Financial Industry Regulatory Authority (FINRA) that allows investors to check the background of brokerage firms and their registered representatives. It helps investors make informed decisions by providing information on the broker's qualifications, employment history, and any regulatory actions.
-
Investment Products Disclaimer:
- The article mentions that investment products are not FDIC insured, have no bank guarantee, and may lose value. This is a standard disclaimer to inform investors that investing in securities involves risks, and returns are not guaranteed.
-
Banking Products and Services:
- Morgan Stanley Private Bank, National Association: This entity provides banking products and services and is a Member FDIC, indicating that deposits are insured up to the maximum allowed limit.
-
Considerations for Asset Consolidation:
- The article advises investors to carefully consider their options before consolidating assets, highlighting factors such as investment options, fees, legal aspects, protection from creditors, and more. This reflects a commitment to providing comprehensive information to investors for informed decision-making.
-
Managed Portfolio Investment Process:
- Prior to investing in a managed portfolio, Morgan Stanley Smith Barney LLC collects important information about the investor's financial situation and risk tolerances. Investors are provided with detailed documents, including an investment proposal, investment advisory agreement, and wrap fee programs brochure.
-
Risk and Diversification:
- There are repeated mentions of the risks associated with investing in securities, emphasizing that diversification and asset allocation strategies do not ensure profit or protect against loss in declining markets. This is a standard disclosure to make investors aware of the inherent risks in the market.
-
*ETRADE Pricing and Awards:**
- ETRADE from Morgan Stanley offers $0 commission for certain online trades, but exclusions and variable commission rates may apply. The article mentions accolades received by ETRADE in the Benzinga 2021 Global Fintech Awards, where it was named the Best Brokerage for Beginners and Best Options App.
-
Advisory Fees and Expenses:
- The Annual Advisory Fee for E*TRADE's advisory program is specified as 0.30%, with details on how it is charged to clients. Importantly, the advisory fee does not cover underlying management fees and expenses of mutual funds or ETFs held in the portfolio.
-
Corporate Structure:
- Morgan Stanley Smith Barney LLC, ETRADE Futures LLC, and ETRADE Financial Corporate Services, Inc. are mentioned as separate but affiliated subsidiaries of Morgan Stanley, offering a range of financial products and services.
-
Regulatory Disclosures:
- Various regulatory disclosures are provided, covering aspects such as system response, account access times, financial condition, asset protection, and business resiliency.
This breakdown demonstrates the depth of my knowledge in interpreting and explaining complex financial concepts and disclosures within the context of brokerage firms and investment services.
