Access Direct Pricing

^* Underlying mutual fund fees and expenses apply as described in each fund prospectus.  Morgan Stanley receives shareholder servicing (12b-1) fees from many available mutual funds as well as revenue sharing and administrative service fees from most funds and/or their affiliates.  Additional information about mutual fund features, fees and compensation can be found here.

Prices on this page are applicable to the Morgan Stanley Access Direct account. Fees may differ across account types and platforms including StockPlan Connect and Shareworks by Morgan Stanley.

¹ Some of the fees described are charged by Morgan Stanley Smith Barney LLC (“Morgan Stanley”), while others are charged by third parties. Fees are subject to change. Morgan Stanley reserves the right, in its sole discretion, to elect discount or waive any fees.

² To qualify for Reserved, a client’s household must have and maintain a minimum of $1,000,000 in eligible assets and liabilities or paid at least $10,000 in managed fees/commissions. There are restrictions on what account types may be grouped in the same household. Annual managed fees/commissions paid is generally defined as revenue generated in fee-based accounts and commissions generated in nonfee-based accounts, and is calculated on a rolling 12-month basis. Not all revenue is included; Morgan Stanley reserves the right to exclude certain items of revenue in its sole discretion. There is no cost to be enrolled in Reserved. Morgan Stanley Smith Barney LLC reserves the right to change or terminate the Reserved program at any time and without notice. Reserved program participants’ accounts and activity are reviewed periodically to confirm that they continue to qualify for Reserved.

⁴ External institution(s) may charge additional fee(s) for a wire recall or wire trace.

⁵ Outgoing Transfer charges (including outgoing Automated Customer Account Transfer Service (“ACATS”) and non-ACATS) are not charged on partial transfers (only full transfers may be assessed the fee).

⁶ Pursuant to the provision of the ADR deposit agreements, the ADR sponsoring banks may charge a custody fee to all record date holders. In turn, Morgan Stanley charges all clients with ADR positions for such a fee. Due to margin lending, Morgan Stanley may have fewer record date positions at the depository than customers holding ADR positions. Any excess fees collected will be used to defray other Morgan Stanley custody and clearing costs.

⁷ Clients who request the removal of a restricted legend from their physical security will be charged a processing fee. This fee represents the processing expense incurred by the transfer agent and custodian.

All AAA accounts are brokerage accounts offered through Morgan Stanley Smith Barney LLC.

The Morgan Stanley Debit Card is issued by Morgan Stanley Private Bank, National Association pursuant to a license from Mastercard International Incorporated. Mastercard and Maestro are registered trademarks of Mastercard International Incorporated. The third-party trademarks and service marks contained herein are the property of their respective owners. Investments and services offered through Morgan Stanley Smith Barney LLC, Member SIPC.

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 and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol. Individuals are urged to consult their personal tax or legal advisors to understand the tax and legal consequences of any actions, including any implementation of any strategies or investments described herein.

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking-related products and services.

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.