Morgan Stanley Wealth Management Launches LGBT Initiative

Wed Dec 19, 2012 12:09pm EST

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NEW YORK--(Business Wire)--
Morgan Stanley (NYSE: MS) today announced that it has launched a LGBT (Lesbian,
Gay, Bisexual and Transgender)initiative which provides Financial Advisors
withwealth planning tools, business development and marketing resources designed
specifically for LGBT prospects and clients. 

"In today's ever-changing financial and legal environment, it is important for
LGBT couples to work with a wealth management organization that specializes in
LGBT wealth planning issues," said Douglas J. Ketterer, Head of U.S. Field
Management. 

"Same-sex marriage is legal in Iowa, Massachusetts, Connecticut, Vermont, New
Hampshire, New York, Washington and the District of Columbia, and voter-approved
freedom to marry laws in Maine and Maryland are being implemented. The other
remaining states have either a variety of civil union laws or no legal standing
at all for same sex couples. This has created a host of financial planning
complications for the LGBT community, including what to do when buying a home,
making a will, designating beneficiaries, transferring assets and making sure
partners have hospital visitation rights, and we are equipping our Financial
Advisors with the tools they need to advise on these and other issues," Mr.
Ketterer said. 

A new client educational resource - LGBT On Your Terms - is available to help
same-sex couples understand the factors that are likely to affect their family's
finances and long-term plans. 

Details are being made available to Financial Advisors about the Accredited
Domestic Partnership Advisors (ADPA(SM)) program, a professional designation
which equips advisors to meet the unique financial planning needs of couples who
are considered to be unmarried under either state or federal law, or both. 

The Firm`s Diversity Council, a 19-member group of Financial Advisors and branch
managers who meet periodically to advise management on diversity issues,
contributed to the development of this initiative. 

Morgan Stanley Wealth Management, a global leader, provides access to a wide
range of products and services to individuals, businesses and institutions,
including brokerage and investment advisory services, financial and wealth
planning, credit and lending, cash management, annuities and insurance,
retirement and trust services. 

Morgan Stanley is a leading global financial services firm providing a wide
range of investment banking, securities, investment management and wealth
management services. The Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals from more than 1,200
offices in 43 countries. For further information about Morgan Stanley, please
visit www.morganstanley.com. 

©2012 Morgan Stanley Smith Barney LLC. Member SIPC.

Morgan Stanley
Media Relations
Tricia Nestfield, 914-225-6369 

Copyright Business Wire 2012
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