MECH JOB INFORMATION SPECIFICATIONS NOTES

Transcription

1 Portfolio Management A

2 B Welcome to the Portfolio Management program. There comes a point when managing your assets can easily become a full-time job. As your life evolves, not only can your financial strategy become more complex, but your options for implementing it increase as well. Frequently, evaluating these options and choosing wisely among them may require more time and expertise than you may have to give. In such situations, it may make sense to partner with an experienced professional who understands your financial needs and can dedicate the time and resources to help you meet them.

3 Introducing Portfolio Management / p2 / Our portfolio managers are Financial Advisors qualified by the firm to manage client assets based on training, experience and commitment to client service. A Focused Approach to Investments / p5 / A disciplined, four-step process guides the selection of investments for, and ongoing review of, your investment portfolio A Commitment to Individuals, Not Just Markets / p6 / Open lines of communication provide direct access to the investment professionals managing your portfolio. 1

4 discipline / professionally managed portfolios Introducing Portfolio Management Since 1979, the Portfolio Management Group at Morgan Stanley Smith Barney has been creating customized investment strategies for high net worth individual and institutional clients. Our portfolio managers are a group of Financial Advisors who are qualified by the firm to manage client assets based on training, experience and commitment to client service. Each client portfolio in the Portfolio Management program is designed and managed on a fully discretionary basis by your Financial Advisor to help you meet your specific needs. Leveraging the global resources of Morgan Stanley Smith Barney, your Financial Advisor studies the events that shape your financial goals as well as the trends and developments that shape the investment environment, drive our economy and ultimately impact your portfolio s performance. You ll find that your Financial Advisor s experience, training and investment philosophy provide significant guidance both in managing your portfolio and in helping you understand investment risk while keeping your long-term goals in view. The Portfolio Management program is defined by the following characteristics: Personalized Portfolios Client Focus Comprehensive Communications Asset-based Fee * Your Financial Advisor will work with you to identify an investment strategy geared to meet your needs. Each account is individually managed to help you meet your requirements for growth, income and preservation of capital within your risk constraints. Throughout your relationship, you ll have direct access to the investment professional managing your portfolio. Fees for the program are based on the asset level in the account, not on the number of transactions performed in a given period. 2

5 Discipline 3

6 4 Perspective

7 perspective / our investment process A Focused Approach to Investments As part of the Portfolio Management program, your Financial Advisor works closely with you to understand your needs while maintaining the focus and discipline necessary to guide your portfolio through the most challenging markets. A disciplined four-step investment process underpins the program and helps you develop a long-term perspective about wealth building and management. 1 Set your financial objectives Following an in-depth consultation, your Financial Advisor works with you to establish a realistic set of objectives based on your financial goals, investment time horizon, liquidity requirements and risk tolerance Define Investment Evaluate and Ongoing review Strategy Select Investments process Based on your financial objectives, your Financial Advisor develops an investment strategy designed to help produce optimal portfolio performance: the highest return potential consistent with your expected level of risk. With your objectives in mind, and utilizing a variety of technical and fundamental research, your Financial Advisor determines appropriate investments to implement your personal strategy. Your Financial Advisor monitors your portfolio in order to track its performance relative to your stated objectives and to modify the portfolio on a discretionary basis as your needs and circumstances change over time. 5

8 communication / an ongoing commitment A Commitment to Individuals, Not Just Markets The Portfolio Management program gives you direct access to the investment professional responsible for managing your hard-earned wealth. As life changing events happen or you simply seek aditional wealth management guidance your Financial Advisor is easily accessible and prepared to address your financial concerns. Whether you are saving for a child s education, planning for your own retirement or preserving your estate for your heirs, ongoing communication with your Financial Advisor can ensure that he or she can adjust your portfolio as circumstances in your life require it. Regular performance reporting on your Portfolio Management account helps ensure that you understand your portfolio s short- and long-term results and the many factors that contribute to them. All clients receive periodic reporting, which includes detailed analysis of contributions, withdrawals, portfolio appreciation, income distributions, performance charts and benchmark comparisons. 6

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10 8 Investing can be an intimidating prospect for many people. Today s capital markets are complex, and the thought of sifting through thousands of available investments can be overwhelming. Most individual investors simply do not have the time or experience to gather and analyze all of the data necessary to make informed investment decisions. At the heart of the Portfolio Management program is our commitment to you our clients. No matter where your local Morgan Stanley Smith Barney office may be, you ll enjoy personalized service and easy access to the professionals responsible for managing your portfolio. For more information on the Portfolio Management program, speak to your Financial Advisor.

11 * The Portfolio Management program account will be charged an asset-based wrap fee every quarter ( the Fee ). In general, the Fee covers investment advisory services, the execution of transactions through Morgan Stanley Smith Barney or its affiliates, and reporting. In addition to the Fee, you will pay the fees and expenses of any funds in which your account is invested. Fund fees and expenses are charged directly to the pool of assets the fund invests in and are reflected in each fund s share price. You understand that these fees and expenses are an additional cost to you and will not be included in the Fee amount in your account statements. Diversification and asset allocation do not assure a profit or protect against loss. Past performance is not a guarantee of future results. The information herein has been obtained from sources that we believe to be reliable, but we do not guarantee its accuracy or completeness. All opinions included in this brochure constitute the Firm s judgment as of the date of this brochure and are subject to change without notice. This brochure is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Morgan Stanley Smith Barney and its Financial Advisors do not provide tax or legal advice. This material was not intended nor written to be used for the purpose of avoiding tax penalties that may be imposed on the tax payer. Individuals should consult their personal tax and legal advisors before making any tax or legal decisions. 9

12 2011 Morgan Stanley Smith Barney LLC. Member SIPC. Consulting Group is a business of Morgan Stanley Smith Barney LLC /11 CS PS-2797 C