The Bahnsen Group at Morgan Stanley Wealth Management

Transcription

1 The Bahnsen Group at Morgan Stanley Wealth Management

2 BAHNSENPHILOSOPHY The Bahnsen Group at Morgan Stanley Wealth Management has built a stellar reputation by delivering top-shelf investment strategies and a first-class wealth management experience to our clients. We help affluent individuals and families to become, and stay, financially organized, and provide premier and exceptional services to those who have entrusted our practice with their financial well-being. The investment approach is driven by a commitment to several investing principles that the team Senior Portfolio Manager, David Bahnsen, has adapted and applied throughout his career in wealth management. These principles include a commitment to the primacy of cash flow in evaluating the relative attractiveness of various investment options. We invest for growth, and we invest to generate income; but we also want to help produce growth-of-income, the element we believe is most frequently ignored by investment professionals. The state of the current market cycle we are in can hardly be described as a secular bull market, and we do not believe clients will be served well with a generic buy and hold approach. We are tactical asset-allocators, and we strongly believe in the contrarian approach that seeks to capitalize on market sentiment that moves too far for or against a given investment approach. Our approach is found in the construction of each customized portfolio for every client of our group. We benchmark ourselves against the number zero, believing that clients primarily hire us to help protect their capital throughout a full market cycle. From there, we seek to deliver consistent returns in line with each individual s needs and aspirations not an arbitrary index that has no relevance to that client s financial goals. Finally, we measure our investment success in risk-adjusted terms, seeking to optimize the returns we deliver relative to the risk and volatility we assume. Our focus on dividend growth investing, the emerging markets, and alternative investments are all cornerstones of our investment process. More importantly, the philosophy of The Bahnsen Group is our passionate commitment to the idea that a successful wealth management strategy comes from knowing our clients, and truly understanding their needs. We are very proud of the services we have delivered to our clients over the years, and strive for continued success in the years and decades to come.

3 BAHNSENTEAM Pictured Left to Right: Cynthia M. Holland, Rita Garchie, David L. Bahnsen, Michelle Leivas, G. Scott Huband David L. Bahnsen, CFP Senior Vice President, Wealth Advisor G. Scott Huband, CFP Financial Advisor Rita Garchie Senior Registered Client Service Associate Michelle Leivas Client Service Associate Cynthia M. Holland Client Service Associate David is the founder and team leader of The Bahnsen Group. He is a Senior Investment Management Consultant and serves as the Senior Portfolio Manager for the group. He is a member of Morgan Stanley s highly prestigious Chairman s Council, and consistently ranks as one of the top financial advisors in the firm. His focus in the team is delivering high touch wealth management services to his clients. He is a hands-on portfolio manager, performing due diligence on hundreds of money managers, hedge funds, and mutual fund product solutions. He directs asset allocation decisions and portfolio construction methodology for all clients of The Bahnsen Group. Certified Financial Planner Highly competent financial analyst focused on portfolio analytics and client reviews Formerly with the Ayco Company of Goldman Sachs providing portfolio management to Fortune 1000 executives Responsible for trading and managed money portfolio operations for the group Over 10 years of industry experience between Merrill Lynch and Morgan Stanley Extremely gifted understanding of systems and operational frameworks Fully licensed with Series 6, 7, 9, 10, and 63 credentials Manages all aspects of our team s back office operations from new accounts to monthly payouts Joined The Bahnsen Group in years of industry experience Formerly w/ UBS as well as Seidler & Co. Responsible for team operations and client service satisfaction Personal assistant to David Bahnsen 15 years of award-winning client services experience Former Senior Managing Associate at the prestigious financial consulting firm, The PFM Group Designs and executes special client events and high-touch services Dedicated to delivering exemplary concierge financial services to The Bahnsen Group clientele David.Bahnsen@mssb.com Scott.Huband@mssb.com Rita.Garchie@mssb.com Michelle.Leivas@mssb.com Cynthia.Holland@mssb.com

4 BAHNSENSERVICES Comprehensive Wealth Management ADVANCED The Bahnsen Group at Morgan Stanley views Wealth Management as the combination of Investment Consulting, Advanced Planning, and Relationship Management. The elements below represent a list of services we offer to clients as part of our core offering of Advanced Planning work. We integrate these services with our investment process and relationship management work so as to provide clients a cohesive, holistic experience and financial outcome. Many of these services are done in conjunction with our vast array of highly specialized network of professionals. ESTATE SUPPORT EXECUTIVE COMPENSATION MANAGEMENT RETIREMENT BUSINESS SUCCESSION INSURANCE & LIABILITY MANAGEMENT FAMILY NEEDS BANKING & LENDING Wills Powers of Attorney Healthcare Directives Trusts Gifting Charitable Giving Asset Titling Estate Tax Funding Concentrated Stock Services (Monetizing, Hedging) Stock Option Strategies Restricted Securities (Liquidation & Risk Management Alternatives) Lifestyle Review & Budgeting Risk Review Pension & Social Security Analysis Retirement Income Planning Beneficiary Reviews Healthcare & Medicare Planning Business Needs Review Cash Management & Capital Needs Assessment Business Valuation Succession Plan Documents Succession Plan Funding Goal Protection: Life Insurance, Long-Term Care Income Protection: Disability Insurance, Business Overhead Insurance Liability Insurance: Umbrella Coverage, Keyman Insurance Education Planning Planning For Support Of Aging Parents Special Needs Child Assessment & Planning Mortgages Securities Based Lending Portfolio Loan Account Family

5 Comprehensive Wealth Management FORMULA & PROCESS ONE WEEK TWO WEEKS 45 DAYS 90 DAYS WM = IC AP RM Discovery Complete Discovery Process Investment Plan Investment Plan Presentation of Investment Plan Diagnostic of current situation, our recommendations for moving forward & details on our investing approach. Mutual Commitment Confirmation of Commitment 45-Day Follow Up Organization of Paperwork & General Housekeeping Advanced Plan Comprehensive evaluation of the entire range of financial needs with our recommendations for moving forward. Regular Progress Review of Progress & Implementation of Advanced Plan WM (Wealth Management) = IC (Investment Consulting) AP (Advanced Planning) RM (Relationship Management) IC = INVESTMENT CONSULTING Management of all investment elements to maximize the probability of clients achieving all that is important to them. Portfolio performance analysis Risk evaluation Asset allocation Assessment of impact of costs Assessment of impact of taxes Investment policy statement AP = WE WT WP The Professional Network Team of carefully selected professionals, each with a high level of knowledge & skill in key financial areas. Professional Network Our team of specialists with the firm applies our expertise to evaluate all aspects of your financial situation & devise appropriate solutions. AP (Advanced Planning) = WE (Wealth Enhancement: tax mitigation and cash-flow planning) WT (Wealth Transfer: transferring wealth effectively; maximizing charitable giving) WP (Wealth Protection: risk mitigation, legal structures and transferring risk to insurance company) RM = FC BM RM (Relationship Management) OUR VALUE ADD TO YOU = FC (Financial Concierge) BM (Behavior Modification)

6 BAHNSENCOMMITMENT 1. We promise that the advice we give you will be objective and free of conflict. We can not promise that the advice will always work out perfectly, but we can promise that our interests will be aligned with yours, and that we will always be driven by what is best for you. 2. We commit to being unrelenting in our drive for information, perspective, analysis, and research as it pertains to the capital markets, investment strategy, and overall portfolio decisions that we make on your behalf. 3. You have a right to total fee transparency showing how we are compensated for the work we do for you, and we promise to explain those fees as clearly and as frequently as you desire. We earn our fees, and never shy away from discussing them. 4. You can expect immediate return phone calls and responses from the appropriate member of our team handling your request or issue. 5. We are committed to providing proactive communication, not merely replying to your questions in reasonable time frames, but reaching out frequently to communicate about the work we are doing and issues that we believe warrant attention. 6. You will receive a personally written weekly commentary from David Bahnsen, addressing various conditions in the investment world, and presenting themes and topics that are relevant to you in a manner you can easily understand. 7. You can expect a relationship that goes beyond portfolio management. We are a full-service wealth management team, and seek to be your comprehensive financial concierge. We encourage you to reach out to any team member with questions about the depth and breadth of the services we provide our clients. 8. We will never hound you for introductions to your friends and family. We want to earn those introductions with the services we deliver and service we provide. 9. We will not argue with you. You may or may not agree with some of the decisions we make, and we will always do our best to communicate our intentions, but we will not argue with you under any circumstances. 10. We work off your implicit trust. We assume our clients will choose to follow our advice because they trust us. We are committed to being good stewards of that trust.

7 Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Wealth Management s licensed insurance agency affiliates. International investing may not be suitable for every investor and is subject to additional risks, including currency fluctuations, political factors, withholding, lack of liquidity, the absence of adequate financial information, and exchange control restrictions impacting foreign issuers. These risks may be magnified in emerging markets. Proceeds from mortgage loan transactions are not permitted to be used to purchase trade or carry marginable securities, repay margin debt or to make payments on any amounts owed under the Note. Morgan Stanley Wealth Management LLC Westchester Avenue, Purchase, NY Tel: Nationwide Mortgage Licensing System Unique Identifier No Arizona Mortgage Broker License No California Department of Corporations Finance Lenders Law License No. 603H431. Georgia Residential Mortgage Licensee No Kansas Licensed Mortgage Company No. MC Massachusetts Mortgage Broker License No. MB5439. Montana Mortgage Broker License No Licensed by the New Hampshire Banking Department. Licensed by the New Jersey Department of Banking and Insurance. Registered Mortgage Broker --NYS Banking Department. Ohio Mortgage Broker Act Certificate of Registration No. MB Rhode Island Licensed Loan Broker. Mortgage brokers may not make loans. Home Loans are made by Morgan Stanley Private Bank, National Association or other affiliated lenders, not Morgan Stanley Smith Barney LLC. Mortgage brokers may not make loans. Except where noted, banking and credit products and services are provided by Morgan Stanley Private Bank, National Association., Morgan Stanley Bank, N.A. or other affiliates. Morgan Stanley Private Bank, National Association and Morgan Stanley Bank, N.A. members FDIC, are national banks and depository institutions regulated by the Office of the Comptroller of the Currency. Residential mortgages and other home loan products and services are offered by MSPBNA or other affiliated lenders. A Morgan Stanley Wealth Management investment relationship does not have to be established or maintained to obtain the products or services offered as part of the Home Loans program. All loans are subject to application and approval. These products may not be available in all jurisdictions and are limited to U.S. citizens and permanent resident aliens only. Morgan Stanley Wealth Management LLC is a registered Broker/Dealer, not a bank. Where appropriate, Morgan Stanley Wealth Management has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services. All loans are subject to application and approval. The Pledged-Asset Mortgage feature is not available in Washington, DC and West Virginia. If the value of the pledged securities in your account drops below the agreed-upon level stated in your loan documents, you will be required to deposit additional securities or other collateral (such as cash) to stay in compliance with the terms of the mortgage. If you do not, your pledged securities may be sold to satisfy such obligation, and you will not be entitled to choose which assets will be sold. Thus, in deciding whether the Pledged- Assets Mortgage feature is right for you, you should consider the degree to which you are comfortable subjecting your investment in a home to the fluctuations of the securities market. These products may not be available in all states and are limited to U.S. citizens and permanent resident aliens only. Residential loans are not available in Guam, Puerto Rico and the Virgin Islands. Loans are subject to credit approval. Other restrictions may apply. Morgan Stanley Private Bank, National Association underwriting guidelines will apply. Loans are subject to credit application and loan approval. Rates, terms and programs are subject to change without notice. David L. Bahsen is a Financial Advisor with Morgan Stanley Wealth Management and Portfolio Manager participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client s Financial Advisor invests the client s assets on a discretionary basis in a range of securities. To learn more about the Portfolio Management program, please contact your Morgan Stanley Financial Advisor. The Portfolio Management program is described in the applicable Morgan Stanley Wealth Management ADV Part 2, available at or from your Financial Advisor. An investment in alternative investments can be highly illiquid, is speculative and not suitable for all investors. Investing in alternative investments is only intended for experienced and sophisticated investors who are willing to bear the high economic risks associated with such an investment. Investors should carefully review and consider potential risks before investing. Some of these risks may include: loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative practices; lack of liquidity in that there may be no secondary market for the fund and none is expected to develop; volatility of returns; restrictions on transferring interests; potential lack of diversification and resulting higher risk due to concentration of trading authority when a single advisor is utilized; absence of information regarding valuations and pricing; complex tax structures and delays in tax reporting; less regulation and higher fees than mutual funds; and manager risk. Individual funds will have specific risks related to their investment programs that will vary from fund to fund. Actual results may vary and past performance is no guarantee of future results. Morgan Stanley Wealth Management LLC, its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. This material was not intended or written to be used, and it cannot be used, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters. Express Credit Line is currently offered through Morgan Stanley Wealth Management LLC. All credit facilities are subject to the underwriting standards and independent approval of Morgan Stanley Wealth Management LLC. The Express CreditLine account is a securities-based loan, which can be risky and is not suitable for all investors: Funds that are drawn cannot be used to purchase, carry or trade in securities, including, without limitation, to repay margin debt, and cannot be deposited into a Morgan Stanley Wealth Management or other brokerage account. Portfolio Loan Accounts are provided by Morgan Stanley Bank, N.A. All credit facilities are subject to the underwriting standards and independent approval of Morgan Stanley Bank, N.A. Portfolio Loan Accounts may not be available in all locations. Rates, terms and programs are subject to change without notice. To be eligible for a Portfolio Loan Account, applicants must have a brokerage account at Morgan Stanley Wealth Management, which shall serve as collateral for the Portfolio Loan Account. The ongoing availability of a Portfolio Loan Account is contingent on the client maintaining sufficient eligible collateral. The proceeds from a Portfolio Loan Account may not be used to purchase, trade, or carry margin stock. The Bahnsen Group at Morgan Stanley Wealth Management 800 Newport Center Drive Suite 700 Newport Beach, Ca Phone: Web: fa.morganstanleyindividual.com/thebahnsengroup David. Bahnsen@mssb.com The views expressed herein are those of the author and do not necessarily reflect the views of Morgan Stanley Wealth Management or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Asset Allocation does not guarantee a profit or protect against a loss. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Morgan Stanley Wealth Management LLC recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor s individual circumstances and objectives. 800 Newport Center Drive Phone: Web: fa.morganstanleyindividual.com/thebahnsengroup Suite 700, Newport Beach, CA Fax: David. Bahnsen@mssb.com Morgan Stanley Wealth Management LLC, Member SIPC