Awards and Recognition

Disclosures

¹ Source: PLANADVISER.com, July 2022 – The “PLANADVISER’S 2022 Top 100 Retirement Plan Advisers” list is compiled from responses to the PLANADVISER Retirement Plan Adviser Survey. The list is drawn solely from a set of quantitative variables and information in the survey supplied by the advisers themselves. A sub-segment of the questions was used to determine eligibility for the Top 100. The rating is not indicative of the Financial Advisor's future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors paid a fee to Plan Advisor in exchange for the rating.

² NAPA Net’s “Top Women Advisors of 2022,” October 20, 2022 as appearing in NAPA Net or www.Napa-Net.org, is based on nominations by the NAPA members. Nominees are asked to respond to a series of questions, both quantitative and qualitative, about their experience and practices. A panel of judges reviewed the anonymized questionnaires and selected the women honored in three categories: All Star, Captains, and Rising Stars. The rating is not indicative of the Financial Advisors’ future performance. Neither Morgan Stanley Smith Barney LLC or its Financial Advisors paid a fee to NAPA-Net in exchange for the rating.

³ ​Barron's.com (April 2023) Barron's Top 100 Institutional Consulting Teams ranking awarded in 2023. This ranking was determined based on an evaluation process conducted by Barron's during the period from Dec 2021 - Dec 2022. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.

⁴ Source: Barron's.com (April 2023) Barron's Top 100 Financial Advisors awarded in 2023. This ranking was determined based on an evaluation process conducted by Barron's during the period from Dec 2021 - Dec 2022. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.

⁵ Barron's.com (June 2022)  2022 Barron's Top 100 Women Financial Advisors ranking awarded in 2022.  This ranking was determined based on an evaluation process conducted by Barron's  during the period from Mar 2021 - Mar 2022.  Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to Barron's to obtain or use the ranking.  This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.

⁶ Forbes.com (April 2023)  2023 Forbes Best-In-State Wealth Advisors rankings awarded in 2023.  This ranking was determined based on an evaluation process conducted by SHOOK Research LLC  (the research company) in partnership with Forbes (the publisher) during the period from 6/30/21 - 6/30/22.  Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking.  This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.

⁷ Coalition Greenwich 2021 U.S. Institutional Investors Study (April 2022). The 2021 Greenwich Quality Leader in Overall U.S. Investment Consulting (Large Firms) designation was awarded to three firms and is based on the results of interviews conducted by Coalition Greenwich. Between July and October 2021, Coalition Greenwich interviewed 811 individuals from 661 of the largest tax-exempt funds in the United States, including corporate and union funds, public funds, and endowment and foundation funds, with either pension or investment pool assets greater than $150 million. The award is the product of numerical scores in Coalition Greenwich’s proprietary studies that are generated from the study interviews. In addition to study interviews, the award is based on other criteria including assets under management and industry experience. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Neither Morgan Stanley Smith Barney LLC nor Graystone Consulting pays a fee to Coalition Greenwich in exchange for the award; Graystone does not pay to have its clients participate in the study. The award is not indicative of participating firm’s nor their financial advisors’ past or future performance and may not be representative of any one client's experience because the results represent an average of all experiences of responding clients only. Coalition Greenwich is a division of CRISIL. Morgan Stanley is not affiliated with Coalition Greenwich.

⁸ Coalition Greenwich 2022 U.S. Institutional Investors Study (April 2023). The 2022 Greenwich Quality Leader in Overall U.S. Investment Consulting (Large Firms) designation was awarded to three firms and is based on the results of interviews conducted by Coalition Greenwich. Between February and November 2022, Coalition Greenwich interviewed 727 individuals from 590 of the largest tax-exempt funds in the United States, including corporate and union funds, public funds, and endowment and foundation funds, with either pension or investment pool assets greater than $150 million. The award is the product of numerical scores in Coalition Greenwich’s proprietary studies that are generated from the study interviews. In addition to study interviews, the award is based on other criteria including assets under management and industry experience. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Neither Morgan Stanley Smith Barney LLC nor Graystone Consulting pays a fee to Coalition Greenwich in exchange for the award; Graystone does not pay to have its clients participate in the study. The award is not indicative of participating firm’s nor their financial advisors’ past or future performance and may not be representative of any one client's experience because the results represent an average of all experiences of responding clients only. Coalition Greenwich is a division of CRISIL. Morgan Stanley is not affiliated with Coalition Greenwich.

⁹ Forbes Best-In-State Wealth Advisors Source: Forbes.com (Awarded April 2023) Data compiled by SHOOK Research LLC based on time period from 6/30/21 - 6/30/22. 

¹⁰ Forbes America's Top Women Wealth Advisors Source: Forbes.com (Awarded Feb 2023) Data compiled by SHOOK Research LLC based on time period from 9/30/21 - 9/30/22.

¹¹Forbes America's Top Wealth Advisors Source: Forbes.com (Awarded April 2023) Data compiled by SHOOK Research LLC based on time period from 6/30/21 - 6/30/22.

¹²Forbes America’s Top Next-Gen Wealth Advisors Source: Forbes.com (Awarded Aug 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/22 - 3/31/23.

¹³ Forbes America’s Top Wealth Management Teams Source: Forbes.com (Awarded Nov 2023) Data compiled by SHOOK Research LLC based on time period from 3/31/22-3/31/23.

¹⁴ Barron's Top 1,200 Financial Advisors: State-by-State Source: Barron's.com (Awarded Mar 2023) Data compiled by Barron's based on time period from Sept 2021 - Sept 2022.

¹⁵ Barron's Top 100 Financial Advisors Source: Barron's.com (Awarded April 2023) Data compiled by Barron's based on time period from Dec 2021 - Dec 2022.

¹⁶ Barron's Top 100 Women Financial Advisors Source: Barron's.com (Awarded June 2023) Data compiled by Barron's based on time period from Mar 2022 - Mar 2023.

¹⁷ Barron's Top 100 Private Wealth Management Teams Source: Barron's.com (Awarded April 2023) Data compiled by Barron's based on time period from Dec 2021 - Dec 2022.

¹⁸ Barron's Top 100 Institutional Consulting Teams Source: Barron's.com (Awarded April 2023) Data compiled by Barron's based on time period from Dec 2021 - Dec 2022.

¹⁹ In Kiplinger's annual Best Online Brokers Review of 10 firms across seven categories issuedAugust 31, 2023, and based on evaluation conducted from August 26, 2022 – August 26,2023, E*TRADE from Morgan Stanley earned an overall score of 67.2 out of 100. E*TRADE’sratings for all category rankings include: Research (#1), Overall (#2), Investment Choices (#3),Smartphone App (#3), Fees (#4), User Experience (#4), Tools (#5), and Advisory Services(#5). Read the full “Best Online Brokers and Trading Platforms 2023” survey. From Kiplinger'sPersonal Finance. © 2023 The Kiplinger Washington Editors. All rights reserved. Used underlicense.

²⁰ In March 2024, NerdWallet recognized E*TRADE in their Best Online Brokers for Stock Trading2024 review. E*TRADE was recognized as a best online broker for frequent traders, beginnerinvestors, research and data, and retirement planning assistance. In addition, NerdWallet gaveE*TRADE an overall rating of 4.4 out of 5 stars. NerdWallet's ratings are determined byNerdWallet editorial team. The scoring formula for online brokers takes into account over 15factors, including account fees and minimums, investment choices, customer support andmobile app capabilities. Read the 2024 E*TRADE Review.

²¹ The 2023 Benzinga Global Fintech Awards were decided by a panel of expert judges andspanned a diverse range of fields, including cryptocurrency, brokerage services, investmentplatforms and educational tools, showcasing an array of novel investment strategies, advancedfinancial technologies and initiatives enhancing financial education and accessibility. Read the2023 Global Fintech Awards Review.

²² For the StockBrokers.com 2024 Annual Awards, all 17 U.S. equity brokers reviewed were assessed on over 200 different variables across eight areas: Commissions & Fees, Investment Options, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall. E*TRADE from Morgan Stanley was awarded the #1 Investor App, and #1 Web Trading Platform. In addition, E*TRADE received fifteen Best in Class distinctions: Overall Rating, Commissions & Fees, Research, Platforms & Tools, Investment Options, Mobile Trading Apps, Education, Bank Brokerage, Beginners, Futures Trading, IRA Accounts, Options Trading, Penny Stock Trading, High net Worth Investors, and Ease of Use. E*TRADE's star ratings for all category rankings out of 5: Overall (5.0 stars), Customer Service (4.0 stars), Commissions & Fees (4.5 stars), Research (5.0 stars), Platforms & Tools (4.5 stars), Mobile Trading Apps (5.0 stars), Investment Options (4.5 stars), Education (5.0 stars), and Ease of Use (5.0 stars). Read the 2024Online Broker Review.

*Morgan Stanley Smith Barney LLC is a registered broker-dealer, member SIPC, and not a bank.

**MMI/Barron’s Industry Awards (Awarded 10/2023). Nominations were reviewed and evaluated between June 30, 2023 and July 28, 2023 by a specially appointed MMI Industry Awards Steering Council and the MMI Membership Experience Committee (MEC).

Source: Euromoney Award for Excellence in Private Banking (May 2023), Financial Advisory and Best Investment Bank. The awards cited are based on Euromoney’s ratings on various quantitative and qualitative criteria. The ratings may not be representative of any one client’s experience and are not indicative of future performance. Neither Morgan Stanley nor any of its Advisors pay a fee in exchange for the ratings.

© 2024 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

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