NOT ALL PRODUCTS AND SERVICES ARE AVAILABLE IN ALL JURISDICTIONS OR COUNTRIES.
1E*TRADE brokerage accounts are offered by E*TRADE Securities LLC, a registered broker-dealer. E*TRADE charges $0 commission for online U.S.-listed stock, ETF 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), foreign stock transactions, large block transactions requiring special handling, transaction-fee mutual funds, 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. Additional regulatory and exchange fees may apply. For more information about pricing, visitetrade.com/pricing.
Equity securities may fluctuate in response to news on companies, industries, market conditions and general economic environment. Companies paying dividends can reduce or stop payouts at any time.
2Core Portfolios is offered through E*TRADE Capital Management, LLC, and an affiliate of E*TRADE’s broker-dealer and Morgan Stanley. Prior to opening a Core Portfolios account, please read theWrap Fee Programs Brochurefor more information on the advisory fee, rebalancing methodologies, portfolio management, affiliations, and services offered.
An investment in an exchange-traded fund involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate so that an investor’s ETF shares, if or when sold, may be worth more or less than the original cost.
This material has been prepared for informational purposes only. It does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circ*mstances and objectives of persons who receive it. Morgan Stanley recommends that investors independently evaluate particular investments and strategies. The appropriateness of a particular investment or strategy will depend on an investor’s individual circ*mstances and objectives.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. More information is available here.
Investors should carefully consider the investment objectives, risks, charges and expenses of a mutual fund and exchange-traded fund (ETF) before investing. The prospectus contains this and other information about the mutual fund and ETF. To obtain a prospectus, contact your Financial Advisor or visit the mutual fund and ETF company’s website. Please read the prospectus carefully before investing.
ESGstrategies that incorporate impact investing and/or Environmental, Social and Governance (ESG) factors could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. As a result, there is no assurance ESG strategies could result in more favorable investment performance.
Securities products offered by E*TRADE Securities LLC (ETS), MemberSIPCor Morgan Stanley Smith Barney LLC (MSSB), MemberSIPC. Investment advisory services offered by E*TRADE Capital Management, LLC (ETCM) or MSSB. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, MemberNFA. Stock plan administration solutions and services offered by E*TRADE Financial Corporate Services, Inc. Banking products and services are provided by Morgan Stanley Private Bank, National Association, MemberFDIC. All entities are separate but affiliated subsidiaries of Morgan Stanley.
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
© 2023 Morgan Stanley Smith Barney LLC. MemberSIPC.
CRC#5505811 (03/2023)
