No matter how you choose to put your money to work, the Active Assets Account offers valuable investment features to keep it working harder.
- Automatic cash sweep -Available cash balances are automatically swept into bank deposit accounts or a money market fund. Click here for (rates).
- Direct deposit service - You can have regular paychecks and payments, such as Social Security, VA or pension payments automatically deposited into your Active Assets Account. Direct Deposit Service is reliable and secure, and you don't have to wait for checks to arrive in the mail or run to the bank.
- Systematic investment programs - As an added convenience, Morgan Stanley Smith Barney offers a number of systematic investment programs that can suit your needs.
- Free dividend reinvestment -If you choose, you can have dividends automatically reinvested in additional shares, without incurring commission charges.
- Margin borrowing privileges - With margin privileges you can borrow against the value of your assets to buy additional securities or anything else you wish. It is important that you understand fully the risks involved in trading securities on margin. You must request and be approved for margin privileges. Margin borrowing is not for everyone. You will be charged interest at varying rates on the amount borrowed. See a Morgan Stanley Smith Barney Financial Advisor for more information and a copy of the Active Assets Account Client Agreement for terms and conditions.
Securities and cash held in Morgan Stanley Smith Barney accounts are protected by the Securities Investor Protection Corporation (SIPC), a non-profit organization created by an Act of Congress. SIPC protects up to $500,000 of your account, of which up to $250,000 may be uninvested cash. In addition, Morgan Stanley Smith Barney has purchased at no cost to clients, separate insurance protection from certain syndicates of Lloyd’s of London and various underwriters (“Lloyds”) that provides additional coverage “Excess of SIPC”. This additional coverage is available to provide protection above the SIPC limits. This coverage is subject to a Firmwide cap of $1 billion with no per-client limit for securities and a $1.9 million per-client limit for the cash portion of any remaining shortfall. SIPC and Excess of SIPC apply only to securities and cash in the exclusive possession and control of Morgan Stanley Smith Barney and do not protect against losses due to fluctuations in the market. If you would like more information, please contact a
Morgan Stanley Smith Barney Financial Advisor. Additional information about SIPC and asset protection may also be found at
www.sipc.org.
FDIC insurance limits
The FDIC deposit insurance limit is $250,000 (including principal and accrued interest) for all deposits held in the same insurable capacity (e.g., individual account, joint account, etc.) per depository.
Detailed information on federal deposit insurance coverage can be found on the FDIC’s website at:
www.fdic.gov. For more information about the Bank Deposit Program, including Deposit Limits, please contact your Financial Advisor or review the
Bank Deposit Disclosure Statement.
*The Banks are FDIC members. Morgan Stanley Smith Barney LLC ("Morgan Stanley Smith Barney") and Morgan Stanley & Co. Incorporated (“Morgan Stanley”) are registered broker-dealers, not banks. Morgan Stanley Smith Barney and the Banks are affiliates. Unless specifically disclosed to you in writing, other investments and services offered to you through Morgan Stanley Smith Barney and or Morgan Stanley are not insured by the FDIC, are not deposits of or other obligations of, or guaranteed by, the Banks and involve investment risks, including possible loss of principal amount invested.
The Active Assets Account is a brokerage account with Morgan Stanley Smith Barney LLC. Where appropriate, Morgan Stanley Smith Barney has entered into arrangements with licensed banks to assist in offering certain services. Morgan Stanley Smith Barney LLC is a registered broker-dealer, not a bank.
