We have extensive experience helping plan sponsors balance risk and return, improve funding ratios and ensure their fiduciary obligations are met.

Graystone Consulting has been helping unions and other labor-management organizations align their Taft-Hartley trust funds with regulatory requirements since our inception in 1973. Our rigorous process involves testing various asset allocation models under multiple economic scenarios in order to help you enhance performance potential, reduces costs and improves your funding ratio. We offer continuous fiduciary education and have adopted stringent conflict of interest policies. Above all, we commit to fee transparency and objectivity. As a matter of policy, we only recommend outside investment managers and do not manage any of the assets directly, ensuring your interests come first.

Taft-Hartley Plans

$69.7 Billion1

Assets Under Advisement


Number of Clients


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1 Statistic reflects total amount of assets under advisement and number of clients across Morgan Stanley Smith Barney LLC. As of December 31, 2017. Source: Consulting Group

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 encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

Graystone Consulting is a business of Morgan Stanley Smith Barney.

CRC 2139832 (11/18)