3737 Glenwood Avenue Suite 320 Raleigh, NC Tel: Family Office Services

Transcription

1 3737 Glenwood Avenue Suite 320 Raleigh, NC Tel: Family Office Services

2 Michael Dickinson Value Proposition I am one of less than 300 Financial Advisors at Morgan Stanley who holds the title of Family Wealth Director. I achieved this prestigious designation due to meeting stringent quantitative and qualitative requirements set by the firm and I successfully completed a rigorous accreditation program, positioning me as an alternative to a traditional family office. I was selected for my extensive knowledge and experience in a number of areas, including estate planning, investments, as well as risk & liquidity management. I was recognized for my superior commitment and sophisticated approach to helping clients meet complex wealth management requirements, which helps to set me apart from others in the industry. Our access to alternative investments such as Private Equity, Hedge Funds, and Exchange Funds proves important to many of our client s financial profiles. As a Family Wealth Director, I believe that you, as one of our most important clients, are entitled to a different kind of working relationship with the firm. In fact, it is a type of relationship that you have probably never encountered at any other financial firm. My clients are entitled to a full suite of financial planning and investment services as well as access to a full breadth of family advisory services: such as philanthropy advisory services, aggregated reporting, family governance and dynamics, private health care advisory, lifestyle advisory services (security, real estate management, aircraft advisory services, art advisory services, and event access). All of these services are tailored to meet your unique needs. This combination of personal attention and financial advisory services often creates unexpected and welcome opportunities. Your financial life requires the broadest possible scope of knowledge and I am uncompromisingly committed to helping you have an experience that is easier and far more rewarding. 2 FAMILY OFFICE SERVICES

3 Family Office Overview FAMILY OFFICE OFFERING Employs integrated approach to planning including family issues, wealth transfer, asset protection and location, and business succession planning Helps you maintain family unity through affluence across generations, focusing on family mission, governance, conflict management and family endowments Solutions to help ease administration burdens and manage some of the most complex aspects of your life Management of wealth that is focused on your family s interests over the long term Helping to protect what you will transfer to the next generation, whether that includes values as well as assets Access to the Ultra High Net Worth resources and solutions tailored specifically to you Investment Process Wealth Planning Access to Cash Management and Lending Services Family Governance and Dynamics Philanthropy Management Educational Programs Private Health Care Advisory 3 FAMILY OFFICE SERVICES

4 The Comprehensive Analysis and Investment Process DISCOVER Our relationship begins with a thorough understanding of you your needs, your lifestyle and family, and your goals for the future. CREATE We work with you to develop a roadmap to help you achieve and protect the outcomes you envision. ACT Next, we can help you implement investment, retirement, trust services 1, cash management 2 and insurance 3 solutions suited to your needs. ADJUST Achieving your goals requires vigilance and flexibility. We help you monitor your progress and make adjustments as life evolves, markets and tax laws shift, and priorities change. 4 WEALTH PLANNING Please see the Disclosures at the end of the presentation.

5 Tailored and Actionable Wealth Planning Strategies Morgan Stanley s Collaborative Approach Wealth Planning Centers Your Values, Your Family, Your Interests and Money Intertwined Your Current External Legal and Tax Advisors Your Family Wealth Director We Offer Complimentary Wealth Planning Through an Experienced Staff of Highly Credentialed Professionals, Including Former Trust and Estate Attorneys 1, Who Collaborate with You and Your Legal and Tax Advisors to Help you Achieve your Financial, Personal and Community Goals, Including: Wealth Transfer Strategies Stock Option Strategies and Executive Compensation Diversification Strategies for Concentrated Stock Positions Section 1042 Exchanges Sale of Stock to an ESOP Retirement Planning Strategies Business Succession Planning Charitable Planning Trust and Estate Planning 1. Although they may be admitted attorneys, Planning Directors and other Wealth Planning Center personnel holding legal degrees are acting purely in a non-representative capacity. Neither they nor Morgan Stanley provide tax or legal advice to clients or to Morgan Stanley. Please see the important disclaimer at the end of this presentation. 5 FAMILY OFFICE SERVICES

6 Access to Banking and Cash Management Solutions Customizable borrowing options which are developed on an individual basis and offered by Morgan Stanley Private Bank, National Association SECURITIES BASED LENDING² A loan or line of credit which may be used for almost any personal or business need 4 such as home improvements, educational funding and business expansion TAILORED LENDING LOANS 3 rd PARTY LENDERS 1 Referrals to third party lenders which specialize in loans for specific purposes, such as aviation, or yacht financing Opportunities to invest in commercial real estate, or fine art financing. CASH MANAGEMENT SOLUTIONS Personal Cash Management Products and Services 1. The Aviation and yacht financing described above are provided by unaffiliated third party lenders. Neither Morgan Stanley Smith Barney LLC nor its affiliates are the provider of aviation and yacht financing and will not have any input or responsibility concerning a client s eligibility for, or the terms and conditions associated with this type of financing. Neither Morgan Stanley Smith Barney LLC nor its affiliates shall be responsible for content of any advice or services provided by these unaffiliated third party lenders. Morgan Stanley Smith Barney LLC or its affiliates may participate in transactions on a basis separate from these unaffiliated third party lenders. Morgan Stanley Smith Barney LLC or its affiliates may receive compensation in connection with referrals made to these unaffiliated third party lenders. 6 FAMILY OFFICE SERVICES

7 Family Governance and Dynamics Our Mission Is to Help Clients, in Coordination With Their Outside Advisors, Maximize the Value of Their Family Capital Through the Transfer and Preservation of the Family s Shared Values and the Creation of an Enduring Family Legacy ESTABLISHING FAMILY GOVERNANCE STRUCTURES Creating family mission statements and advising on the creation and perpetuation of an enduring family legacy Creating family governance documents (e.g., family constitutions, by-laws) Creating family governance structures (e.g., family councils) FAMILY DYNAMICS AND LEGACY Ensuring The Successful Transfer of Wealth Advising on the family dynamics of intergenerational wealth transfer Advising on the management of family conflict Helping to integrate the family s shared values into estate planning or wealth management vehicles, with a goal of harmonizing the family s quantitative and qualitative goals FACILITATING EFFECTIVE COMMUNICATION Structuring and leading family meetings and retreats Addressing communication challenges Helping parents conduct discussions about wealth WEALTH PRESERVATION STRATEGIES Establishing Functional Family Structures Helping clients to develop Strategies to protect the integrity of the family s wealth management structures and to preserve and enhance the independence of fiduciaries Special protective structures to address the challenges of the deeply troubled family Business succession plans We help clients manage the family dynamics of intergenerational wealth transfer We recognize that wealth consists not only of a family s financial capital but also consists of its human and social capital We seek to accomplish our mission by helping clients find and create processes, structures and strategies that will help them and their descendants pursue meaningful, fulfilling and engaged lives 7 FAMILY OFFICE SERVICES

8 Philanthropy Management Our Mission Is to Assist Clients in Translating Their Personal Values and Family Legacies into Results-oriented, Strategic Giving Programs to Help them Achieve their Philanthropic Goals Philanthropic Discovery and Mission Development Grant-Making Strategies Donor Events and Giving Circles Donor Advised Fund for Donors and Nonprofit Organizations Family and Corporate Foundations Strategies Nonprofit Board Governance and Development Services Board Leadership, Staff Recruiting and Internship Services Thought Provoking Journals, White Papers and Academic Articles on Philanthropy Integrating philanthropy into clients overall wealth management strategy Assisting individuals, families and foundations in translating interests and values into Effective grant-making Intergenerational philanthropic planning, and Board governance Advising, in coordination with clients outside advisors, on establishment of private foundations, donor-advised funds and other charitable vehicles Assisting with the creation of philanthropic vision and mission statements Providing tools to help track the effectiveness and impact of philanthropy Helping clients to pool philanthropic resources in areas of mutual interest Drawing upon our firm s global reach and expertise in philanthropy 8 FAMILY OFFICE SERVICES

9 Lifestyle Advisory Lifestyle Advisory Helping to Enrich the Experience of Living Aircraft Advisory, Charter and Finance Resources Entertainment Experiences and Agents for Special Events Luxury Travel Companies Property & Casualty Assessment Private Health Advisory Services Art Advisory & Finance Home Advisory, Multi-Residential and Staffing Services Personal Security & Risk Management Lifestyle Advisory understands the importance of enhancing your lifestyle experiences. Lifestyle Advisory provides you access to purveyors of unique experiences With the right referral a phone call may become a ticket to a sold-out event, a travel experience of a lifetime or the management of one s home might become less stressful and more rewarding. Lifestyle Advisory is your access to an array of personal consultants Services listed are provided by third parties, not Morgan Stanley Smith Barney LLC ( Morgan Stanley ). Morgan Stanley makes no representations regarding the suitability or otherwise of the products or services provided by any Services Provider(s). There may be additional service providers who offer this service, and you may wish to identify such other providers for comparative purposes. Morgan Stanley recommends that you interview such Service Provider(s), do thorough due diligence, and make your own independent decision 9 FAMILY OFFICE SERVICES

10 Client Education We Are Dedicated to Broadening Our Clients Exposure to the Firm and to Each Other Family Legacy and Next Generational Programs Women s Retreats Family Office Forums Senior Management Roundtables 10 FAMILY OFFICE SERVICES

11 Private Health Care Advisory PinnacleCare Private Health Care Advisory Objective Information Personalized Preventative Care Expedited Global Access to Centers of Excellence Access to World-Renowned Specialists Private Health Insurance Consultation Collection and Storage of Medical Records 24/7 Support and Guidance Health Care Navigation Assistance PinnacleCare Private Health Advisory understands the importance of enhancing your healthcare experiences A phone call can mean expedited entrance to health care centers of excellence Disclaimer: Morgan Stanley and its affiliates ( Firm ) do not currently offer the health advocacy and advising services provided by this firm(s) PinnacleCare Private Health Advisory. The Service Provider(s) is not an affiliate of the Firm. Any review of the Service Provider(s) performed by the Firm was based on information from sources that we believe are reliable but we cannot guarantee its accuracy or completeness. This referral should in no way be considered to be a solicitation by the Firm for business on behalf of the Service Provider(s), or an endorsement of the Service Provider(s) by the Firm. The Firm makes no representations regarding the suitability or otherwise of the products or services provided by the Service Provider(s). There may be additional service providers who offer this service, and you may wish to identify such other providers for comparative purposes. If you choose to contact the Service Provider(s), we recommend that you interview such Service Provider(s), do thorough due diligence, and make your own independent decision. The Firm will not receive a referral fee for referring you to the Service Provider(s). The Firm is a diversified financial services company with millions of individual clients, and corporations, institutions and governmental clients in several countries around the world. The Firm routinely enters into a variety of business relationships for which either the Firm receives compensation, or pays for services, and such business relationships may include the named Service Provider(s), its employees or agents, or companies affiliated with the Service Provider(s). 11 FAMILY OFFICE SERVICES

12 Michael Dickinson, Financial Advisor Bio Michael has spent over 20 years in the financial services industry between investment management, financial planning, commercial banking, and corporate finance. His wide array of industry experience has allowed him to provide a vast amount of advice to clients, business owners, and corporate executives. In 2014, Michael was selected by the firm to participate in a rigorous accreditation program and achieved the prestigious designation of Family Wealth Director, positioning him as an alternative to a family office. As one of less than 300 Financial Advisors at the firm who hold this designation, he has extensive knowledge in the areas of estate planning, investments, and risk and liquidity management. His sophisticated approach to complex wealth management issues helps to set him apart from others in the industry. In addition to the design and implementation of financial plans, Michael focuses on portfolio management, trading, rebalancing, and tax-management strategies for The Glenwood Group at Morgan Stanley. A Portfolio Management Director, he has comprehensive experience in portfolio construction and due diligence. After graduating with a Bachelor of Arts in Economics from the University of North Carolina-Chapel Hill, Michael started in the banking industry with NationsBank (predecessor to Bank of America). He joined RBC Centura Bank (predecessor to PNC Bank) before joining JC Bradford/Painewebber (predecessor to UBS). After spending almost 9 years with UBS, he joined Morgan Stanley Smith Barney in Along the way, he attained the Certified Financial Planner designation in As a native of Raleigh, Michael is active and dedicated to many community organizations, including Wake County Boys and Girls Clubs-Board Chairman and Be The One Capital Campaign-Co Chairman, Boys Club Foundation-Trustee, Aldert Root Elementary Educational Foundation-Past Chairman, Salvation Army-Youth Sports Coach, and Christ Episcopal Church-Usher. Michael and his wife Laura have three sons and enjoy an active lifestyle including boating, fishing, golf, youth sports, college football, and their dog Sugar. 12 WEALTH PLANNING

13 Disclosures Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning. Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services. Investment services are offered through Morgan Stanley Smith Barney LLC. Unless specifically disclosed in writing, investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, a bank and involve investment risks, including possible loss of principal amount invested. Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. A Tailored Lending credit facility may be a committed or demand loan/line of credit. All Tailored Lending loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Tailored Lending loans/lines of credit may not be available in all locations. Rates, terms, and programs are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a Tailored Lending loan/line of credit (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account. 13 FAMILY OFFICE SERVICES The investments listed may not be suitable for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives. Borrowing against securities may not be suitable for everyone. You must make your clients aware that securities-based loans involve a high degree of risk and that market conditions can magnify any potential for loss. Most importantly, clients need to understand that: (1) Sufficient collateral must be maintained to support your clients loan(s) and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your clients securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt your clients long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as Morgan Stanley ) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities-based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your clients collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities-based loans at any time and for any reason. With the exception of a margin loan, the proceeds from securities-based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account. To be eligible for a securities-based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities-based loan Morgan Stanley Smith Barney LLC. Member SIPC. CRC /15