The Ament Group at Morgan Stanley Smith Barney

Transcription

1 The Ament Group at Morgan Stanley Smith Barney

2 The Ament Group at Morgan Stanley Smith Barney 445 East Lake Street Wayzata, Minnesota / Main fa.smithbarney.com/amentgroup jeff.ament@mssb.com dan.a.ament@mssb.com jason.ripple@mssb.com As the financial world becomes more complex and investment choices multiply, careful planning becomes ever more important to helping you achieve your financial goals. As Financial Advisors, our role is to work with you to help you develop a plan that lays out a clear path to your goals a plan that we develop in collaboration with you, and one that you can follow with confidence in the face of the market s ups and downs. Together, we will explore a broad range of topics that are likely to influence your financial future from your family situation to your career aspirations, from likely education expenses to the retirement you ultimately envision. What we learn will become the foundation for a financial and investment strategy based on who you are and where you want to go. Only then will we talk with you about the details of investing: how much risk makes sense, your asset allocation, and which investments are right for your portfolio. But that s just the beginning. Over time, we will revise your plan to reflect new aspirations and priorities, helping your plan keep pace as the markets change and your life unfolds. The Ament Group 3

3 Meet the Professionals Jeff Ament Senior Vice President Financial Advisor Dan A. Ament Senior Vice President Financial Advisor Jason Ripple Portfolio Manager Vice President Financial Advisor Joan Fedt Registered Associate 21-year veteran in the wealth management industry Experienced in implementing comprehensive wealth management plans for high-net-worth individuals and families Responsible for strategic investment policy, asset allocation and investment manager selection for The Ament Group Lives in Orono, MN with wife, Kari, daughter, Lucia, and son, Henri Animal Humane Society Treasurer and Board Member Enjoys spending time with family, cooking, woodworking, traveling and spending time outdoors BA Accounting & Management, St. John s University Series 7 & 66 Licensed 19-year veteran of the wealth management Industry Experienced in implementing comprehensive wealth management plans for high-net-worth individuals and families Demonstrated experience in designing, implementing and managing customized retirement plans for corporations and nonprofits Responsible for strategic investment policy, asset allocation and investment manager selection for The Ament Group Lives in Independence, MN with wife, Linda, and three children, Paige, Brooke and Blake Dan enjoys traveling with his family and the many outdoor activities Minnesota offers with its varied seasons. He s also involved with his children s activities including dance, hockey, soccer and tennis. Provides weekly financial commentary on NBC affiliate, KARE-11 BA Finance, St. Thomas University Series 7 & 66 Licensed Eleven years of experience in the wealth management industry Experienced in implementing comprehensive wealth management plans for individuals and families Responsible for strategic investment policy, asset allocation and investment manager selection for The Ament Group Member of Portfolio Management Group at Morgan Stanley Smith Barney Lives in Excelsior, MN with wife, Anne, and daughter, Ellie, and sons, LJ and Charlie Graduate Business Entrepreneurship, University of St. Thomas AAMS ACCREDITED ASSET MANAGEMENT SPECIALIST SM Enjoys spending time with family, golfing, traveling and enjoying the outdoors. Series 7 & 66 Licensed Serve Minnesota Board Member Seven years of experience in the financial industry Responsible for managing the operational facets of our wealth management practice including new account establishment, incoming account transfers, cash transfers, online enrollment and tax document coordination. Joan is skilled at working closely with our clients to ease the administrative processes associated with managing money. Lives in Lino Lakes, MN with her son, Kobe, and daughter, Whitley Volunteers in her community and church Enjoys spending time with her family and friends, cooking, traveling, and time outdoors Attended St. Mary s College Series 7 & 66 Licensed Left to right: Jason Ripple, Joan Fedt, Dan Ament, Jeff Ament 4 Morgan Stanley Smith Barney The Ament Group 5

4 A Consultative Process Charting a prudent course to financial independence requires a well-conceived, personalized financial plan with defined, long-term goals. Our consultative 1 We will begin by discussing what matters most to you and what you want to accomplish with your wealth. In addition to your finances and investments, we will talk about you, your values, lifestyle, your worries and what you are passionate about. Discover Analyze 2 We will analyze your personal and financial information, assess risks, and identify potential threats to your financial health. Then we will present you with a comprehensive plan to address your income and cash flow needs, borrowing requirements, asset protection, retirement planning, wealth transfer and philanthropy goals. wealth advisory process was developed to help generate that plan. Its key steps are designed to result in a broad, cohesive plan for your financial future. Review Implement 3 Our objective approach to implementing your plan will pay special attention to how its various aspects can affect, enhance and integrate with each other. When appropriate, we will suggest seeking additional, in-depth advice on particularly complex planning, financial and family issues we have identified. 4 We will review your portfolio together at your request. And when your circumstances change, we will work with you to revise your strategy and reposition your assets to reflect your new needs and goals. 6 Morgan Stanley Smith Barney

5 What We Offer Bringing You Intellectual Strength and Outstanding Services Almost certainly, you will need institutional-caliber investment capabilities focusing on some combination of accumulating wealth, preserving wealth, or generating income. You may also be interested in reducing taxation through wealth transfer planning; funding college plans for your children or grandchildren; analyzing your stock options; evaluating the sale of your business; creating a philanthropic strategy or establishing trusts for asset protection or wealth transfer. We look at these situations with welltrained eyes. Our years of experience have honed our ability to anticipate opportunities and given us the wisdom to discern what makes the most sense for a given individual or group. Investment Management We offer Wealth Accumulation and Income Generation Strategies for our clients. Both strategies are professionally managed and are designed to provide competitive returns against their benchmarks while mitigating risk through diversification. The strategies are managed on the sophisticated Portfolio Management platform at Morgan Stanley Smith Barney. This industry leading platform allows us to laser focus our attention and resources on our model portfolio when changes are made to the model, they are simultaneously made in client accounts that are linked to that model. This approach allows for critical and difficult decisions to be made in a timely manner providing our clients with confidence that professional attention is given to their strategies on a very frequent basis. Typically, our clients often invest in both strategies to create a core portfolio where we allocate an appropriate amount of client capital into each strategy to achieve a customized allocation based on our client s financial goals and needs. Then, as our client s needs and risk tolerances change, we rebalance by simply shifting money from one strategy into the other. Depending on the client, private alternative investments may be used to complement the core portfolio including investments such as private equity and hedge funds. AG Wealth Accumulation Stra tegy The objective of the AG Wealth Accumulation Strategy is to generate returns that are competitive with the S&P 500 while mitigating risk and volatility. To help us achieve this objective, we construct our strategy utilizing: Fundamental and Technical Research to formulate our opinions about prevailing risks and opportunities in the capital markets Diversification across a broad spectrum of stock, bond and alternative investment managers Active and Passive ACTIVE managers seeking excess returns and PASSIVE structures for low-cost diversification Alternative Investments SEC- Registered alternative investments are used to reduce volatility and smooth returns Unrestrained Managers that seek returns from a broad universe as opposed to being restrained within a narrow style box AG Income Genera tion Stra tegy The objective of the AG Income Generation Strategy is to generate an attractive income stream by investing broadly in the credit markets while mitigating individual issuer risk. To help us achieve this objective, we construct our strategy utilizing: Fundamental Research to formulate our opinions about prevailing risks and opportunities in the credit markets Flexible Investment Policy allows for proactive positioning across credit markets to meet evolving economic and interest rate outlooks Diversification across a broad spectrum of fixed income markets and securities Active and Passive ACTIVE managers seeking excess returns and PASSIVE structures for low-cost diversification and flexibility to adjust positioning in the credit markets 8 morgan STAnley SmiTh BArney

6 For Life s Most Important Goals With an experienced professional and the right resources, reaching your most important goals can be less challenging and more rewarding. We are ready to help you meet your goals, by combining our insight into your needs with the resources of Morgan Stanley Smith Barney. Setting a confident course Thorough, thoughtful planning planning that analyzes where you are as well as where you want to go is the most important step in establishing a path to your goals. We will work with you to explore and define your objectives and needs, and then structure a plan that is uniquely your own. Balance sheet analysis Retirement planning Education planning Estate planning Multigenerational planning Managing the rewards of success Managing an investment portfolio should be a consultative, disciplined process that balances your attitudes and goals as an investor with careful analysis of the financial markets and the risks and opportunities they hold for you. You can rely on us for objective strategic advice in structuring your portfolio and for careful analysis of any investments we consider together. Asset allocation Investment management Traditional investments Alternative investments Shaping your retirement Together, we can work to make decisions that could help you move toward the retirement you expect. Whether you are building retirement wealth or making the transition to generating income from your assets, we can help you develop and implement a strategy based on your vision of retirement. IRA rollovers Roth conversions Building a unique legacy Estate planning typically brings together the dimensions of life: personal, family, financial and charitable. We will work with you to understand the connections between your life and legacy goals, and work with your accountant and attorney to help you develop a strategy to position your portfolio appropriately. Educating new generations Helping to meet the education costs of children and grandchildren may be one of the most attractive and personally fulfilling investment opportunities available to you. We can help you access appropriate investment vehicles 529 plans and custodial accounts. Giving back through philanthropy Many successful individuals seek opportunities to support cultural and educational institutions, and nonprofit organizations and activities. Properly undertaken, charitable giving can provide planning flexibility and benefits for you. We can help you analyze and implement a strategy that rewards you while it benefits causes you care about. Strengthening your business The links between business ownership and personal wealth are many and complex. Whether your objective is to grow your business, realize its value through a succession strategy or sale, or maintain family ownership by the next generation, we can examine your alternatives in light of both business and personal objectives. And, should circumstance require it, we can use the access to banking services of Morgan Stanley Smith Barney. Credit facilities Retirement plans Strategic consulting and transactions Protecting your wealth Insurance can play a critical role in virtually any comprehensive financial strategy, helping you to protect the value of your assets, protect your income and your family s financial security even perform important functions in a business succession or estate plan. We can help you analyze your current insurance portfolio and work to update your coverages to fulfill personal and strategic goals. Meeting current liquidity and banking needs Managing personal cash and securing liquidity for personal needs and opportunities are the day-to-day aspects of implementing a financial strategy. We can help you meet your personal cash management and borrowing needs while thinking strategically about how approaches may affect current and longterm costs and taxes. Home finance Lending services The Ament Group 11

7 Our Core Values We are defined by our core values and by our commitment to complete objectivity and transparency in all areas of our relationship with you. At The Ament Group at Morgan Stanley Smith Barney: We are client-centric. Our focus is on you, your goals and your experience with us. We demonstrate integrity. We are committed to the highest standards of ethical behavior. We believe in collaboration. We believe that by working closely with you and your other advisors, you will be better served. We strive for simplicity. We strive to simplify the complex so that you can more easily ascertain your financial position and our recommendations. We are innovative. Our goal is to provide advanced strategies to our clients that are built on the foundations of fundamentals, simplicity and effectiveness. Our services are transparent. We practice full disclosure with respect to our fees, investment strategies and asset custody, as open and honest communication is vital to the quality of our relationship with you. 12 morgan STAnley SmiTh BArney

8 Risk Management The ups and downs of the markets is just one kind of risk but so is not protecting my assets and my family. How do I protect what I care about most? Retirement When I retire, it will affect just about everything that matters: my lifestyle, my company, my family. Is there a way to plan for retirement that takes it all into account? Integrated Planning Decisions about both assets and liabilities need to be made in the framework of important life goals. What steps are also the most tax efficient? How can a strategic approach to banking and lending simplify my financial life and maximize the value of what I own? Education Funding Will I be able to pay for a good education for my children and my grandchildren? Liquidity I can predict some expenses, but others I know I can t. How can I plan to have the cash I need? Business Strategies How do I manage my personal wealth with so much tied up in my company? A CULTURE of EXCELLENCE OvER ThE years, you have made many financial decisions. OnE in particular is LikELy TO have A LAsTing impact On your well being And ThAT Of your family: ThE ChOiCE Of A financial AdvisOR. Investment Management I have so many goals and priorities. How can one investment strategy balance them all? You Benefit From a Profound Understanding of the Full Range of Wealth Management Needs Estate Planning Making sure my estate goes to the people and organizations I care about is a priority. How do I transform my assets into a legacy? Charitable Pursuits The charities I support are like extended family. How do I maximize the good I can accomplish? Investors who choose Morgan Stanley Smith Barney often tell us that their reasoning is simple. They choose a Financial Advisor and a firm that mirrors the values propelling their own success: a commitment to perform at the highest level for their clients, with no shortcuts, compromises or excuses. The combination of Morgan Stanley and Smith Barney brings together two firms that have demonstrated those values for decades. Firms with a reputation for achieving the objectives of the world s most sophisticated and demanding investors. Firms whose Financial Advisors have earned the trust and achieved the goals of many of the nation s most successful individuals, their families, as well as corporations, foundations and endowments. In melding our two firms, we created an organization that truly exceeds the sum of its parts. Whatever your investment goals, and however you prefer to pursue them, Morgan Stanley Smith Barney offers you more flexibility, more capability, more insight than you are likely to find anywhere else. Morgan Stanley SMith Barney 15

9 choice / global insight and opportunities morgan stanley smith Barney / a Strong pairing a strong, steady force in a changing industry Investment insight without limits Morgan Stanley Smith Barney has meaningful intelligence about every major asset class and a presence in every major market, as well as investment research from some of the world s most respected analysts. Our culture values lively debate and an open exchange of ideas as the basis for distinctive, sophisticated strategies. We translate our insights into your financial success. intellectual capital, global perspective. As a client, you have access to the strategic and tactical views of some of the world s most seasoned and respected investment professionals. The members of our Global Investment Committee develop strategies that guide the management of advisory accounts and help to inform the decisions of clients across Morgan Stanley Smith Barney. The team is currently supported by the work of 350 analysts at two of the world s largest investment banks, Morgan Stanley and Citi, who cover key geographic and economic sectors, as well as 3,000 individual equity securities. This research is directly available to individual clients, as are the market insights, research and analytic views of fixed income and equity desks focused on the needs of individual investors. Your Financial Advisor can bring all of these resources to bear on your portfolio. s ophisticated strategies, rigorous risk management. The Global Investment Committee is an especially valuable resource to you and your Financial Advisor. The committee creates model portfolios based on rigorous statistical techniques which guide both institutional and individual investors and reflect a range of time horizons, risk profiles and wealth levels. Also, the committee makes tactical suggestions based on an astute analysis of the investment landscape. It is all done with an eye on achieving the most efficient balance of risk and return to help maximize the likelihood of successfully meeting your objectives. a premier trading and execution platform. Our ability to execute your investment strategy is second to none. Morgan Stanley Smith Barney is one of the only wealth management firms with a stand-alone, principal-driven capital markets platform dedicated to the needs of individual investors and Financial Advisors. Think of our 225 capital markets professionals as experienced, highly responsive and knowledgeable partners. the full spectrum of investment choices. You also have access to a variety of mutual funds, including a group of funds that are vetted and continuously monitored by 40 manager research analysts and investment professionals one of the largest such groups in the industry. These specialists are responsible for an open-architecture platform that includes more than 1,300 investment vehicles and strategies again, a broader offering than that of any other investment firm. You have the flexibility to choose any of these vehicles, with guidance from a Financial Advisor focused solely on your best interests. Unparalleled experience Drawing on many years of experience, Morgan Stanley Smith Barney understands the importance of shaping relationships that reflect client needs, preferences and aspirations. Your Financial Advisor can help you define and meet your goals by delivering the right resources to you in the way that is most appropriate for how you invest and what you want to achieve. managing personal wealth to institutional standards. Our vast global firm serves many of the world s most sophisticated and demanding institutional investors. As an individual investor at Morgan Stanley Smith Barney, you ll benefit from the market insight, global presence, risk management resources and analytical rigor that drive our institutional relationships. You will experience the highest standards of client service and responsiveness, enhanced by the personal attention and commitment of your Financial Advisor. the knowledge to get it done. As the nation s leading manager of personal wealth, we understand that there are almost as many approaches to managing wealth as there are portfolios to invest. Our firm and Financial Advisors have an in-depth understanding of virtually all the challenges, goals, preferences, styles and strategies that distinguish wealthy investors. Additionally, as a truly global financial institution, we have an equally acute knowledge of financial opportunities and the potential risks. This combination positions us to develop, structure and execute solutions for your most important financial needs, from accumulating wealth to investing for income, from solidifying retirement security to devising a distribution approach that meets your lifestyle and legacy goals. At the same time, we invest in innovative tools that help simplify your financial life on a day-to-day basis. CEO ,000 7 million $1.5 trillion And senior management team with deep wealth management experience Years of combined experience Global locations Financial Advisors Client accounts Client assets personal / performance one of the world s strongest investment organizations stands Behind your financial advisor Financial Advisors have access to top-flight research from both Morgan Stanley and Citi. Combined, they analyze and track the progress of more than 3,000 companies all over the world. Performance that meets your measure Our goal is to understand which personal and financial measures are most important to you and then to exceed them. your personal financial advisor. Among the most important skills of our Financial Advisors is the ability to listen: to thoroughly understand your financial needs and then align the resources to meet them. Your Financial Advisor can help you evaluate immediate concerns and plan for long-term goals, be a sounding board for your investment ideas, assist you in developing and executing a strategy that is precisely your own and help deliver performance results that meet your needs. When you give your Financial Advisor discretionary responsibility for managing your account, he or she abides by the highest fiduciary standards, putting your interests ahead of the firm s or his or her own. Your Financial Advisor is your advocate within our firm, an intelligent editor who selects and aligns the many capabilities of Morgan Stanley Smith Barney for you. From investments to credit to banking to trusts, your Financial Advisor can meet unique needs on both sides of your balance sheet. Clients who are part of our Reserved program also enjoy around-the-clock service and exclusive seminars devoted to the needs of high net worth clients. the value of a learning culture. The firm s Financial Advisors are among the most experienced and capable in the industry many have advanced degrees and professional certifications and designations. Morgan Stanley Smith Barney makes a sizeable investment in the training and professional development of each Financial Advisor. Our continuing education programs are designed to equip Financial Advisors with new skills and perspectives. We want every client to reap the benefits of the culture of excellence of our firm. Our 18,000 Financial Advisors represent an extensive knowledge base built on diverse skills, experience and professional interests. We make this collective knowledge available to every client by facilitating advisor collaboration, encouraging an environment where Financial Advisors can share asset allocation approaches, highly focused strategies and specific investment ideas and solutions to unusual or particularly sophisticated client needs. Away from the office, our Financial Advisors volunteer their time and leadership skills to thousands of local organizations. They are at the forefront of the firm s commitment to give back generously to the communities where our clients live and work. special resources for families with exceptional requirements. Successful families with substantial assets typically have complex needs and require highly integrated capabilities. Family Wealth Advisors brings together the resources of Morgan Stanley Private Wealth Management and Smith Barney s suite of family office services. This organization focuses on the intricacies of multigenerational wealth transfer, family ownership structures, complex tax reporting, succession planning and family governance. Our clients work with professionals who have extensive experience addressing both the financial issues and personal dynamics of America s wealthiest families. 16 Morgan Stanley SMith Barney Please read important disclosures on the back cover of this brochure Morgan Stanley SMith Barney 17

10 Awards Selected as a Top Wealth Manager in the Minneapolis / St. Paul Business Journal by National Association of Board Certified Advisory Practices (NABCAP). FEB Named Five Star Wealth Manager by MPLS St. Paul magazine in 2011 for third consecutive year. Publications As a weekly guest on the KARE11 Sunrise Show, Dan Ament provides financial commentary and shares his opinion regarding relevant financial topics. Dan Ament has been invited to appear on numerous radio and television programs and newspaper articles to provide financial commentary, including CNBC, KARE11 (NBC), WCCO, Cities 97, Market- Watch and Star Tribune. Morgan Stanley Smith Barney strives to offer clients the finest in financial thinking, products and execution to help them meet their individual needs and achieve their personal financial goals. When we work together, you ll benefit from personalized advice, objective guidance and dedication to your success as an investor. With access to Morgan Stanley Smith Barney s renowned global resources and investment opportunities, we can help you develop and maintain an optimal investment strategy. Our wealth management strategy will address key areas of your financial life beyond traditional investments and may incorporate diverse recommendations for building and protecting your wealth. 18 Morgan Stanley Smith Barney

11 Morgan Stanley Smith Barney offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please contact us to understand these differences. Morgan Stanley Smith Barney LLC ( Morgan Stanley Smith Barney ) is a registered broker-dealer, not a bank. Where appropriate, Morgan Stanley Smith Barney has entered into arrangements with banks and other third parties to assist in offering certain banking-related products and services. Unless otherwise specifically disclosed to you in writing, investments and services offered through Morgan Stanley Smith Barney, member SIPC, are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, banks and involve investment risks, including possible loss of principal amount invested. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Smith Barney Financial Advisors do not provide tax or legal advice. This material was not intended or written to 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 Morgan Stanley Smith Barney LLC. Member SIPC /11