This material has been prepared for informational purposes only. It does not provide investment advice or advice regarding the purchase and/or sale of artworks. It was created without taking into account the individual financial circumstances and goals of the recipients. It is not a recommendation to buy or sell any artwork, nor a valuation of any artwork. Investors are required to independently evaluate certain artworks, art investments and strategies and should seek the advice of an appropriate outside advisor in this regard, as Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not offer advice on artworks.
Investing in commodities involves significant risks. These are speculative investments and as such their value may be subject to falling market conditions. The value of commodity markets can fluctuate widely due to a variety of factors including, but not limited to, price volatility and lack of liquidity. Investing in physical commodities such as art exposes the investor to other risk considerations such as B. potentially large price fluctuations over short periods of time; storage and insurance costs in excess of custody and/or brokerage costs associated with the investor’s other portfolio holdings; lack of a basic pricing model for art; lack of income stream compared to other investments; challenges of authenticity and personal responsibility; and lack of regulation.
This material does not provide individually tailored investment advice. It was created without taking into account the individual financial circumstances and goals of the recipients. Morgan Stanley Smith Barney LLC (“Morgan Stanley”) recommends that investors make independent evaluations of certain investments and strategies and encourages investors to seek advice from a Morgan Stanley financial adviser or private investment adviser. The appropriateness of any particular investment or strategy will depend on an investor’s individual circumstances and objectives.
This material may contain forward-looking statements and there can be no assurance that they will materialize. The information contained herein is based on data from multiple sources and Morgan Stanley makes no representations as to the accuracy or completeness of data from sources outside Morgan Stanley. Neither the information provided nor any opinion expressed constitutes a solicitation by Morgan Stanley to buy or sell any security, investment, strategy or product mentioned.
Tax laws are complex and subject to change. 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. Individuals are urged to consult their personal tax or legal advisors to understand the tax and legal consequences of any action, including the implementation of any strategy or investment described herein. Individuals should also consult their tax advisor when dealing with taxation and tax planning, and their attorney when dealing with trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Tailored Lending is a loan/credit product offered by Morgan Stanley Private Bank, National Association, a subsidiary of Morgan Stanley Smith Barney LLC. A custom credit facility can be a committed or required loan/line of credit. All Tailored Lending Loans/Lines of Credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending Loans/Lines of Credit may not be available in all locations. Fares, conditions and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a member of the FDIC regulated primarily by the Office of the Comptroller of the Currency. The proceeds of a tailored lending loan/line of credit (including drawings and other advances) generally may not be used to purchase, trade or hold margin stock; Repay Margin Debt used to purchase, trade or hold Margin Stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
By providing a link to any third party website or online publication or article, Morgan Stanley Smith Barney LLC (“Morgan Stanley”) does not imply any affiliation, sponsorship, endorsement, approval, investigation, verification with any third party, or that Morgan Stanley does not endorse the information contained in the article or website information contained is monitored. Morgan Stanley is not responsible for the information contained on third party websites or your use of, or inability to use, this website. We also do not assume any liability for their correctness and completeness. The terms and conditions and privacy policies of third party websites may differ from those that apply to your use of Morgan Stanley websites. The information and data provided by third-party websites or publications are as of the date they were created and are subject to change without notice.
The term “Family Office Resources” is used as a technical term and is not intended to imply that Morgan Stanley and/or its employees are acting as a family office under the Investment Advisers Act 1940.
Morgan Stanley Private Wealth Management is a division of Morgan Stanley Smith Barney LLC. Member SIPC.
© 2022 Morgan Stanley Smith Barney LLC. Member SIPC.