Investment Risks

Investing in securities involves risk, including the possible loss of principal. Investors should assess their investment needs based on their own financial circumstances, risk tolerance, and investment objectives. Past performance is not an indication of future results, and investment returns and share prices fluctuate on a daily basis. Diversification and asset allocation do not ensure profit or protect against loss in declining markets.
Securities, investment advisory, commodity futures, options on futures and other non-deposit investment products and services are not insured by the FDIC, are not deposits or obligations of, or guaranteed by, Morgan Stanley Private Bank, National Association, and are subject to investment risk, including possible loss of the principal amount invested.