Morgan Stanley Wealth Management Launches LGBT Initiative

  Morgan Stanley Wealth Management Launches LGBT Initiative

Business Wire

NEW YORK -- December 19, 2012

Morgan Stanley (NYSE: MS) today announced that it has launched a LGBT
(Lesbian, Gay, Bisexual and Transgender)  initiative which provides Financial
Advisors with  wealth 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.

Contact:

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