Helping business owners with key strategic needs such as access to capital, plan administration, and a variety of exit strategies.

8Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax. Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and it's Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.