Morgan Stanley Account Types

　　Morgan Stanley offers a variety of account types to cater to different financial needs. The main categories include:

• Investment Accounts:
• Brokerage Accounts: Available as cash or margin accounts. These accounts allow clients to buy and sell securities but are not regularly monitored by a financial advisor.
• Investment-Advisory Accounts: These can be discretionary (where the firm makes investment decisions) or non-discretionary (where the client makes the final decisions). Fees are typically based on a percentage of assets under management.
• Futures Accounts: For trading in futures contracts.
• Tax-Advantaged Accounts:
• Examples include 529 plans, custodial accounts, trusts, estate accounts, and retirement accounts (e.g., IRAs).
• Cash Accounts:
• Offered through Morgan Stanley Private Bank, including checking and savings accounts.
• Credit Accounts:
• Includes various loan products and credit cards in partnership with American Express.
• Specialized Accounts:
• Corporate, trusts, guardianship, nonprofits, and institutional accounts.

　　

Morgan Stanley Broker Account Opening Process

　　To open a brokerage account with Morgan Stanley, follow these steps:

• 　　Consult a Financial Advisor: Most accounts need to be opened through a financial advisor due to the full-service nature of Morgan Stanley.

• 　　Choose the Account Type: Decide whether you want a brokerage account or an investment-advisory account, and specify if it will be discretionary or non-discretionary.

• 　　Provide Required Information:

• Personal identification (e.g., Social Security number, driver's license).
• Financial information to assess your investment needs and risk tolerance.
• Complete the Application:
• Applications can be initiated online or through direct consultation with an advisor.
• Fund Your Account:
• Transfer funds into your new account via direct deposit, wire transfer, or check deposit.
• Review and Approval:
• The review process typically takes one business day. You will be notified via email once your account is open.

　　For more detailed information on the specific account types and the opening process, visit Morgan Stanley's official site.