THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY
|
|
- Corey West
- 5 years ago
- Views:
Transcription
1 Morgan Stanley 20 Linden Place Red Bank, NJ (732) AT MORGAN STANLEY AT MORGAN STANLEY DISCRETIONARY PORTFOLIO MANAGEMENT INVESTMENT STRATEGIES Investments and services offered through Morgan Stanley Smith Barney LLC. Member SIPC
2 Lawrence Durso, CRPS Managing Director, Wealth Management Portfolio Management Director Financial Advisor As a member of Morgan Stanley s 2017 Chairman s Club, Lawrence brings over 40 years of investment management experience to The Durso Wealth Management Group at Morgan Stanley. Lawrence has appeared in Bloomberg Businessweek, Fortune & Money Magazine. His passion includes creating solutions for unique problems typically associated with Ultra High Net Worth clients and their families. Additionally, he is very involved in volunteering his time to local charities. Lawrence graduated Summa Cum Laude from St. John s University and attained his Master s Degree from Columbia University. Michael Durso, CFA Financial Advisor Michael Lombardi, CFP Associate Vice President Financial Advisor Matthew Sheridan, CFP CPM Associate Vice President Portfolio Manager Roderick Mac Kenzie Portfolio Management Associate Michael is responsible for Business Development and Alternative Investment Research for the team. He began his career at AllianceBernstein, then spent the majority of his career at BlackRock, where he held various roles within the ishares ETF Business. Most recently, he worked at SKY Harbor Capital Management, where he was responsible for Relationship Management for clients ranging from Pensions, Foundations, and Endowments to Home Offices and Financial Advisors. He earned his B.S. Degree in Finance from James Madison University in He is a CFA Charter Holder and member of the New York Society of Securities Analysts (NYSSA). As a member of Morgan Stanley s 2016 Pacesetters Club, Michael brings over 12 years of financial planning experience to The Durso Wealth Management Group. He is responsible for all financial & estate planning duties for the group s high net worth clients. He spends his days meeting with client s CPAs, Estate Attorneys & Insurance Professionals. Michael earned his B.S. Degree in Finance from The College of New Jersey in He currently holds the CERTIFIED FINANCIAL PLANNER designation which is recognized as the standard of excellence for personal financial planning. Matthew is the Portfolio Manager for The Durso Wealth Management Group s discretionary investment strategies. Matthew is in charge of all investment research, risk analysis, monitoring & trading for assets in the team s portfolio management platform. He is responsible for creating & maintaining written communication for the portfolio management clients on a monthly basis. Matthew graduated from Moravian College in 2008 with a Business Management Degree. He also holds the CERTIFIED FINANCIAL PLANNER and Certified Portfolio Manager designation from Columbia University. Rod brings over 42 years of investment experience to The Durso Wealth Management Group. Rod is responsible for capital market & macroeconomic research for the team. Rod has extensive trading experience as he held the position of Vice President and Chief Dealer for Bank of America, Banca Commerciale & Barings Securities. He was a senior advisor in developing junior forex seminars that were instrumental in training future foreign exchange traders. Rod was also an Associate Faculty Member of the London Financial Times Global Learning Center.
3 Portfolio Management Program Established in 1979 to provide individual investors with a level of personalized portfolio management typically reserved for major institutional investors All portfolios are managed individually on a fully discretionary basis by Financial Advisors at Morgan Stanley who have been qualified by the firm to independently manage client assets based on training, experience and commitment to service As your Portfolio Manager, my team and I can offer you: Direct access to the investment professionals managing your portfolio Personalized service A disciplined, multipart investment process Ongoing client communications and reporting Access to the intellectual capital and global resources of Morgan Stanley
4 INITIAL STRATEGY SELCTION: Investment portfolios that are recommended shall be subject to specified selection criteria and shall be monitored for adherence to your investment policy guidelines. The most important input to your portfolio selection will be your individual risk tolerance. Our CERTIFIED FINANCIAL PLANNERS will assist you & your family in determining the correct investment allocation. These investment solutions are screened and monitored on a daily basis. The Morgan Stanley Portfolio Management Platform will grant our Portfolio Managers the ability to make changes on a discretionary basis. The Durso Wealth Management Group believes more prudent attention and flexibility is required in today s fast paced and ever changing macroeconomic landscape. REVIEWS: Investment performance will be clearly stated on Morgan Stanley s Investment Monitor Reports. As an additional benefit, the team will provide each portfolio management relationship with a monthly insight letter. This letter will contain updates on the macroeconomic landscape, as well as our rationale on any investment allocation changes that were completed throughout the month. The returns will be compared to current and appropriate benchmarks. As stated before, these multi-asset solutions are longterm investment planning techniques. REBALANCING: A key component to the Portfolio Management Platform is its flexibility. We will continue to utilize Morgan Stanley s research & proprietary techniques utilized by our investment management committee to determine appropriate investment holdings. Due to the volatile nature of many asset classes, variances from the initial stated percentages are expected to change. These strategies are monitored on a daily basis by our Certified Portfolio Manager and will be re-allocated when our views of future market conditions change. TAX MANAGEMENT: Managing portfolios for tax sensitivity is an often overlooked area of investment management. It is important to understand the significance between paying short-term and long-term capital gains on investment activity, as well as taxes owed on investment income. It may be even more significant to appreciate the importance of harvesting losses as opportunities arise. Due to these vital considerations, we offer access to our risk-based asset allocation strategies with tax-aware overlays. Our Portfolio Managers will not only utilize tax-exempt municipal bonds for fixed income allocations, but will also factor tax consequences into reallocation decisions. These tax consequences include; wash sale considerations, long-term vs. short-term capital gain time horizons, as well as opportunities to harvest short-term and long-term losses. Tax-loss harvesting allows investors to carry-forward realized losses indefinitely in order to offset potential gains that may be realized in future investment activity.
5 2018 AT MORGAN STANLEY PORTFOLIO TARGETS ASSET ALLOCATION ENHANCED INCOME BALANCED GROWTH GLOBAL GROWTH 2018 STRATEGY TILT RETIREMENT TAX-AWARE RETIREMENT TAX-AWARE RETIREMENT TAX-AWARE RETIREMENT TAX-AWARE EQUITIES OVER 15.19% 15.19% 43.84% 43.92% 63.84% 63.88% 82.65% 82.71% Global Strategic Under % 4.00% 5.99% 5.99% 7.96% 7.96% US Large Cap Neutral 9.08% 9.08% 20.14% 20.18% 28.62% 28.65% 37.03% 37.06% US Mid & Small Cap Under % 3.51% 4.49% 4.49% 5.48% 5.49% International Developed 6.11% 6.11% 13.17% 13.19% 19.70% 19.71% 25.15% 25.17% International Emerging % 3.04% 5.04% 5.04% 7.04% 7.03% FIXED INCOME UNDER 66.91% 66.91% 41.70% 41.67% 20.76% 20.76% 0.00% 0.00% Short Duration Corp/Govt Neutral 4.99% 4.99% 7.94% % Short Duration Municipal Neutral % % - - Municipal % % - - Low Duration MBS 12.94% 12.94% Investment Grade Corporate Neutral 4.99% 5.00% 5.97% % Government Neutral 4.97% 4.97% 7.92% % Inflation Linked 4.98% 4.98% 5.96% % Senior Loans 15.02% 15.02% 7.96% % Preferred Stocks Under 15.03% 15.03% 1.98% % Emerging Markets Neutral 3.98% 3.98% 3.96% % ALTERNATIVES UNDER 17.89% 17.89% 14.46% 14.41% 15.40% 15.36% 17.35% 17.29% Hedged Equity % 3.99% 3.97% 4.47% 4.95% 4.95% Managed Futures Neutral % 3.00% 2.99% 3.49% 4.96% 4.97% MLP/Energy Infrastructure Under 3.96% 3.96% 1.98% 1.98% 1.97% 1.97% 1.96% 1.96% Global Real Estate Under 3.93% 3.93% % % % Gold Neutral % % % - Global Natural Resources Neutral % 3.48% 2.46% 3.47% 1.97% 3.46% Long/Short High Yield Under 10.00% 10.00% 1.98% % S&P 500 SECTOR ROTATION STRATEGY Technology Financials Healthcare Consumer Discretionary Consumer Staples Industrials TILT Under Under Energy Utilities Under Materials Telecommunications Under Real Estate Under Cash & Equivalents - S&P % 14.44% 12.71% 8.77% 10.39% 6.09% 2.60% 2.96% 1.84% 2.56% 0.00% STRATEGY 17.70% 17.81% 15.02% 13.81% % 6.36% 12.96% Investing in these strategies will require investors to be able to withstand ranging levels of volatility in both the global equity and fixed income markets. These portfolio strategies may be appropriate for investors with moderately conservative to aggressive risk tolerances. The risk of investing in these strategies is loss of principal. 8.00% 0.47% 4.87% 0.48% 0.47% 0.88% OVER/UNDER (%) (6.13) (2.41) (2.13) 1.91 (1.36) (2.09) 0.88
6 Portfolio Management Program Disclosures This material is intended only for clients and prospective clients of the Portfolio Management program. It has been prepared solely for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security or other financial instrument, or to participate in any trading strategy. The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley 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. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at or from your Financial Advisor. Past performance of any security is not a guarantee of future performance. There is no guarantee that this investment strategy will work under all market conditions. Holdings are subject to change daily, so any securities discussed in this profile may or may not be included in your account if you invest in this investment strategy. Do not assume that any holdings mentioned were, or will be, profitable. The performance, holdings, sector weightings, portfolio traits and other data for an actual account may differ from that in this material due to various factors including the size of an account, cash flows within an account, and restrictions on an account. Top holdings, sector allocation, portfolio statistics and credit quality are based on the recommended portfolio for new investors as of the date specified. Holdings lists indicate the largest security holdings by allocation weight as of the specified date. Other data in this material is believed to be accurate as of the date this material was prepared unless stated otherwise. Data in this material may be calculated by Morgan Stanley or by third party providers licensed by the Financial Advisors or Morgan Stanley. Material in this presentation has been obtained from sources that we believe to be reliable, but we do not guarantee its accuracy, completeness or timeliness. Third party data providers make no warranties or representations relating to the accuracy, completeness or timeliness of the data they provide and are not liable for any damages relating to this data. Morgan Stanley Wealth Management has no obligation to notify you when information in this presentation changes.
7 Investors should carefully consider the investment objectives and risks as well as charges and expenses of mutual funds and exchange traded funds (ETFs) before investing. To obtain a prospectus, contact your Financial Advisor or visit the fund company s website. The prospectus contains this and other important information about the mutual funds and ETFs. Read the prospectus carefully before investing. 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. Morgan Stanley Smith Barney LLC ( Morgan Stanley ), its affiliates and Morgan Stanley Financial Advisors do not provide tax or legal advice. 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. Bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally the longer a bond's maturity, the more sensitive it is to this risk. Bonds may also be subject to call risk, which is the risk that the issuer will redeem the debt at its option, fully or partially, before the scheduled maturity date. The market value of debt instruments may fluctuate, and proceeds from sales prior to maturity may be more or less than the amount originally invested or the maturity value due to changes in market conditions or changes in the credit quality of the issuer. Bonds are subject to the credit risk of the issuer. This is the risk that the issuer might be unable to make interest and/or principal payments on a timely basis. Bonds are also subject to reinvestment risk, which is the risk that principal and/or interest payments from a given investment may be reinvested at a lower interest rate. Bonds rated below investment grade may have speculative characteristics and present significant risks beyond those of other securities, including greater credit risk and price volatility in the secondary market. Investors should be careful to consider these risks alongside their individual circumstances, objectives and risk tolerance before investing in high-yield bonds. High yield bonds should comprise only a limited portion of a balanced portfolio. The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment or service, or to attract any funds or deposits. Investments mentioned may not be suitable for all clients. Any product discussed herein may be purchased only after a client has carefully reviewed the offering memorandum and executed the subscription documents. Morgan Stanley Wealth Management has not considered the actual or desired investment objectives, goals, strategies, guidelines, or factual circumstances of any investor in any fund(s). Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum, and make a determination based upon their own particular circumstances, that the investment is consistent with their investment objectives and risk tolerance. Alternative investments often are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are suitable only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase the volatility and risk of loss. Alternative Investments typically have higher fees than traditional investments. Investors should carefully review and consider potential risks before investing. Past performance is no guarantee of future results. Actual results may vary. Diversification does not assure a profit or protect against loss in a declining market. Alternative investments involve complex tax structures, tax inefficient investing, and delays in distributing important tax information. Individual funds have specific risks related to their investment programs that will vary from fund to fund. Clients should consult their own tax and legal advisors as Morgan Stanley Wealth Management does not provide tax or legal advice. Interests in alternative investment products are offered pursuant to the terms of the applicable offering memorandum, are distributed by Morgan Stanley Smith Barney LLC and certain of its affiliates, and (1) are not FDIC-insured, (2) are not deposits or other obligations of Morgan Stanley or any of its affiliates, (3) are not guaranteed by Morgan Stanley and its affiliates, and (4) involve investment risks, including possible loss of principal. Morgan Stanley Smith Barney LLC is a registered broker-dealer, not a bank. Investments and services offered through Morgan Stanley Smith Barney LLC. Member SIPC CRC
THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY
Morgan Stanley 20 Linden Place Red Bank, NJ 07701 (732) 936-3400 THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY DISCRETIONARY PORTFOLIO MANAGEMENT
More informationTHE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY DISCRETIONARY PORTFOLIO MANAGEMENT INVESTMENT STRATEGIES
Morgan Stanley 20 Linden Place Red Bank, NJ 07701 (732) 936-3400 THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY DISCRETIONARY MANAGEMENT INVESTMENT
More informationTHE DURSO WEALTH MANAGEMENT GROUP S DISCRETIONARY PORTFOLIO MANAGEMENT INVESTMENT STRATEGIES
Morgan Stanley 20 Linden Place Red Bank, NJ 07701 (732) 936-3400 THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY THE DURSO WEALTH MANAGEMENT GROUP S DISCRETIONARY PORTFOLIO MANAGEMENT INVESTMENT STRATEGIES
More informationDURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY May 31, 2016 ECONOMIC LANDSCAPE
ECONOMIC LANDSCAPE Noise, very low levels of optimism, heightened levels of pessimism, and even more noise have flooded the headlines in the month of May. Here are some of the topics I am sure you have
More informationDURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY April 29, 2016 ECONOMIC LANDSCAPE
ECONOMIC LANDSCAPE The risk-on rotation that took hold in early February continued through the end of the first quarter and has spilled over to the month of April. What has changed? Global recession fears
More information3 What We Believe. 4 Our Wealth Management Process. 9 Beyond Your Investment Strategy. The Lenox Group at Morgan Stanley
3 What We Believe 4 Our Wealth Management Process 9 Beyond Your Investment Strategy The Lenox Group at Morgan Stanley the lenox group at morgan stanley wealth management Robertson H. Bennett Family Wealth
More informationExecutive Financial Services Group Capabilities
Morgan Stanley Wealth Management Timothy Davis, CFP Senior Vice President Executive Financial Services Group Director Financial Advisor Executive Financial Services Group Capabilities Morgan Stanley Smith
More informationThe Collins Savrann Group at Morgan Stanley. Helping You Identify and Achieve Your Unique Goals
The Collins Savrann Group at Morgan Stanley Helping You Identify and Achieve Your Unique Goals 600 Longwater Drive Suite 202 Norwell, MA 02061 781-681-4972 / MAIN 800-326-5951 / TOLL-FREE 781-681-4950
More informationCGCM Ultra-Short Term Fixed Income Fund (TSDUX)
CGCM Ultra-Short Term Fixed Income Fund (TSDUX) Objective: Total return, consistent with capital preservation OVERVIEW PIMCO sub-advises the fund focusing on short duration, relatively high credit quality
More informationAsset Allocation Portfolios
Asset Allocation Portfolios Christopher Eckert Senior Vice President Wealth Management Senior Portfolio Manager Financial Advisor 320 Post Road West Westport, CT 06880 phone: 203-222-4057 toll-free: 866-740-7841
More informationMorgan Stanley Pathway Ultra-Short Term Fixed Income Fund Objective: Total return, consistent with capital preservation
Morgan Stanley Pathway Ultra-Short Term Fixed Income Fund Objective: Total return, consistent with capital preservation OVERVIEW PIMCO sub-advises the fund focusing on short duration, relatively high credit
More informationGlobal Investment Committee Themes
Global Investment Committee Themes The Global Investment Committee (GIC), which meets monthly to review the economic and political environment and asset allocation models for Morgan Stanley Wealth Management
More informationThe Fort Dearborn Group at Morgan Stanley Chicago, IL
The Fort Dearborn Group at Morgan Stanley Chicago, IL Income Focused Offerings Fixed Income Rotation Fixed Income Rotation + Alternatives Tax Free Bond Portfolio Taxable Bond Portfolio Short Term Taxable
More informationUMA Model Portfolios Professional Advice for Your Unified Managed Account
UMA Model Portfolios Professional Advice for Your Unified Managed Account B The introduction of unified managed accounts has helped many investors to consolidate and streamline their investment portfolios.
More informationInvestment Perspectives. From the Global Investment Committee
Investment Perspectives From the Global Investment Committee Introduction Domestic equities continued to race ahead during the fourth quarter of 2014 amid spikes in volatility, dramatic declines in oil
More informationRetirement Distribution Income: Enhanced (MAP) Select UMA American Funds (Model Portfolio Provider)
American Funds (Model Portfolio Provider) 333 S Hope Street, 52ND Floor Los Angeles, California 90068 Style: Sub-Style: Firm AUM: Firm Strategy AUM: Global Multi Asset Global Multi Asset Income $1,706.1
More informationThe Cresfort Investment Group at Morgan Stanley Capabilities Overview
The Cresfort Investment Group at Morgan Stanley Capabilities Overview Table of Contents I. The Cresfort Investment Group Overview II. Equity Management Overview III. Fixed Income Management Overview IV.
More informationAmerican Funds Growth (MAPS) Select UMA American Funds (Model Portfolio Provider)
American Funds (Model Portfolio Provider) 333 S Hope Street, 52nd Floor Los Angeles, California 90068 Style: Sub-Style: Firm AUM: Firm Strategy AUM: Global Equities Growth-oriented $1,677.4 billion $1.0
More informationMulti-Asset Income: Moderate Growth (MAP) Select UMA
J.P. Morgan Asset Management (Model Portfolio Provider) 270 Park Avenue New York, New York 10017 PRODUCT OVERVIEW Morgan Stanley Smith Barney LLC ("Morgan Stanley") is the Manager of this strategy. The
More informationForm ADV Program Brochure Morgan Stanley Smith Barney LLC. Graystone Consulting. June 30, 2014
Form ADV Program Brochure Morgan Stanley Smith Barney LLC Graystone Consulting June 30, 2014 2000 Westchester Avenue Purchase, NY 10577 Tel: (914) 225-1000 Fax: (614) 283-5057 www.morganstanleyclientserv.com
More informationMANAGED ACCOUNTS. Portfolio Solutions. Providing the guidance and flexibility to meet your customized investing needs
MANAGED ACCOUNTS Portfolio Solutions Providing the guidance and flexibility to meet your customized investing needs INTRODUCING PORTFOLIO SOLUTIONS When it comes to achieving your financial goals, here
More informationInstitutional Wealth Services. Helping organizations maximize institutional assets and bolster their employee financial benefits.
Institutional Wealth Services Helping organizations maximize institutional assets and bolster their employee financial benefits. 2 Morgan Stanley 2016 A Message From Marc Brookman Over the past 80 years,
More informationWealth Management Perspectives
Wealth Management Perspectives Covered Calls 1 Can Provide Downside Support CBOE S&P 500 Buy Write Index vs S&P 500 Dispersion of Returns Data as of June 1, 1989 to October 31, 2016 160 140 144 120 Count
More informationCustom Russell 3000 / Interm Laddered Muni (60/40) Select UMA Parametric Portfolio Associates
Parametric Portfolio Associates 1918 8th Avenue, Suite 3100 Seattle, Washington 98101 Style: Sub-Style: Firm AUM: Firm Strategy AUM: US Multi Asset Balanced Blend Tax Favored $959 billion Year Founded:
More informationInvestment Perspectives. From the Global Investment Committee
Investment Perspectives From the Global Investment Committee Crude Prices Have Declined Significantly Long-Term WTI Crude Price 1 and Month-Over-Month Change As of March 31, 2016 WTI Crude Spot Price and
More informationPlan for Your Future. Morgan Stanley Can Help You Achieve Your Financial Goals
Plan for Your Future Morgan Stanley Can Help You Achieve Your Financial Goals 2 MORGAN STANLEY 2016 What Are Your Hopes and Dreams? REGARDLESS OF WHAT STAGE YOUR LIFE IS IN moving ahead in your career,
More information1607 GROUP AT MORGAN STANLEY
W E A L T H M A N A G E M E N T I. Overview TABLE OF CONTENTS: II. 1607 Portfolio III. 1607 Income Growth Portfolio IV. Investment Team WEALTH MANAGEMENT WEALTH MANAGEMENT O V E R V I E W Our Business:
More informationCustom S&P 500 / Short Laddered Muni (60/40) Select UMA Parametric Portfolio Associates
Parametric Portfolio Associates 1918 8th Avenue, Suite 3100 Seattle, Washington 98101 Style: Sub-Style: Firm AUM: Firm Strategy AUM: US Multi Asset Balanced Blend Tax Favored $231.5 billion Year Founded:
More informationGlobal Investment Committee Themes
Global Investment Committee Themes The Global Investment Committee (GIC), which meets monthly to review the economic and political environment and asset allocation models for Morgan Stanley Wealth Management
More informationCustom S&P500/MSCI EAFE ADR/Int Ldr Corp 30/30/40 Select UMA Parametric Portfolio Associates
Parametric Portfolio Associates 1918 8th Avenue, Suite 3100 Seattle, Washington 98101 Style: Sub-Style: Firm AUM: Firm Strategy AUM: Global Multi Asset $226.4 billion Year Founded: GIMA Status: Firm Ownership:
More informationGlobal Multi Asset Global Tactical Asset Alloc $346.8 billion
Columbia (Model Portfolio Provider) 225 Franklin Street Boston, Massachusetts 02110 Style: Sub-Style: Firm AUM: Firm Strategy AUM: Global Multi Asset Global Tactical Asset Alloc $346.8 billion Year Founded:
More informationMorgan Stanley Pathway International Fixed Income Fund (TIFUX) Objective: Seeks to maximize current income consistent with capital preservation
Morgan Stanley Pathway International Fixed Income Fund (TIFUX) Objective: Seeks to maximize current income consistent with capital preservation OVERVIEW Pacific Investment Management Company (PIMCO), the
More informationSeparately Managed Accounts. Investment Advisory Solutions for Today s Complex Markets
Separately Managed Accounts Investment Advisory Solutions for Today s Complex Markets Contents Consulting Group Overview Resources The GIC and Global Investment Manager Analysis Separately Managed Accounts
More informationMorgan Stanley Pathway Alternative Strategies Fund (TALTX)
Morgan Stanley Pathway Alternative Strategies Fund (TALTX) Objective: Seeks to Generate Long-Term Growth Across Market Cycles with Reduced Correlation to the Equity and Fixed Income Markets KEY STATISTICS
More informationWealth Management Perspectives
Wealth Management Perspectives Consider More Aggressive Cash Management As of October 2017 Over the past year, the Fed s actions have driven rates over 1% inside a 2-year maturity. Investors now have the
More informationTax Management Services for Select UMA
Tax Management Services for Select UMA Seeking to Improve After-Tax Returns With Unified Managed Accounts According to the Investment Company Institute, Mutual Funds distributed $398 billion in capital
More informationInvesting with Impact. Creating Economic, Social and Environmental Value
Investing with Impact Creating Economic, Social and Environmental Value Delivering Personalized Value The Investing with Impact Platform focuses on flexibility and engagement, allowing both targeted allocation
More informationCustom Investment Outsourcing
Custom Investment Outsourcing Fay DeBellis, CFP, SIMC Senior Vice President Bryant Waller, CFP Financial Advisor For One-on-One Use Only With Clients and Prospects 2013-PS-327 11/13 The Importance of Managing
More informationMaximizing Capital. The Power of Investing with Impact. CRC (3/15) Expiration: 3/16
Maximizing Capital The Power of Investing with Impact CRC1137880 (3/15) Expiration: 3/16 What Is Investing with Impact? Morgan Stanley defines Investing with Impact as an approach that aims to generate
More informationThe Hagwood Tomoda Group at Morgan Stanley. Wealth Management and Corporate Retirement Specialists
The Hagwood Tomoda Group at Morgan Stanley Wealth Management and Corporate Retirement Specialists 45 William Street Suite 130, Wellesley, MA 02481 781-431-6700 / MAIN 800-767-7462 / TOLL-FREE 781-263-6816
More informationMaximizeYour Impact. MorganStanleyGlobal Impact FundingTrust (GIFT): Impact Pools. CRC (3/2015) Expiration (3/2016)
MaximizeYour Impact MorganStanleyGlobal Impact FundingTrust (GIFT): Impact Pools CRC1126157 (3/2015) Expiration (3/2016) Global Impact Funding Trust (GIFT) Introduction The Morgan Stanley Global Impact
More informationThe Beyer Stein Group at Morgan Stanley
BSG The Beyer Stein Group at Morgan Stanley Global Multi-Asset ETF Portfolio Management An Efficient Approach to a Diversified Investment Plan 522 Fifth Avenue 15th Floor, New York, NY 10036 212-296-1008
More informationInvesting with Impact. Creating Economic, Social and Environmental Value
Investing with Impact Creating Economic, Social and Environmental Value Delivering Value Across Multiple Dimensions The Investing with Impact Platform focuses on flexibility and engagement, allowing both
More informationWealth Management Perspectives
Wealth Management Perspectives What Is Social Security? Social Security provides a safety net for eligible Americans that can supplement a pension, personal investments, and savings. Your Social Security
More informationWhen preparing for the future, all you can control is how well you have planned
When preparing for the future, all you can control is how well you have planned Thomas G. Foley Financial Advisor Thomas G. Foley Senior Vice President Financial Advisor Keith W. Hier Financial Planning
More informationDo your spouse, son and daughter have the ability to carefully manage substantial inherited assets?
Trust Services Trust Services Do your trusts contain checks and balances to protect future generations? Do your spouse, son and daughter have the ability to carefully manage substantial inherited assets?
More informationq merrill edge guided investing strategy profile CIO Moderately Conservative ETF Core Tax Aware
Overview This Strategy seeks to provide diversified exposure among three major asset classes for a client's account with a moderately conservative target asset allocation. In normal market conditions,
More informationMANAGED ACCOUNTS. Capital Directions. A guided approach to financial achievement
MANAGED ACCOUNTS Capital Directions A guided approach to financial achievement CAPITAL DIRECTIONS A UNIFIED MANAGED ACCOUNT THAT COMBINES FLEXIBILITY, SIMPLICITY, AND DISCIPLINE With a Capital Directions
More informationMaximize Your Impact. Morgan Stanley Global Impact Funding Trust (GIFT): Impact Pools CRC (7/2016) Expiration (7/2017)
Maximize Your Impact Morgan Stanley Global Impact Funding Trust (GIFT): Impact Pools CRC1527771 (7/2016) Expiration (7/2017) Global Impact Funding Trust (GIFT) Introduction Morgan Stanley GIFT is an independent
More informationWealth Management Perspectives
Wealth Management Perspectives Asset Class Returns: s Can Help Mitigate Risk As of June 30, 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YTD Managed Futures 10-Yrs ('07-'16) Ann. Return
More informationDiversified Managed Allocations
Diversified Managed Allocations Multi-strategy portfolios with a focus on flexibility Is this program right for you? DMA is designed for investors who: Want experienced, professional money managers to
More informationWhen preparing for the future, all you can control is how well you have planned
When preparing for the future, all you can control is how well you have planned Thomas G. Foley Senior Vice President Financial Advisor Keith W. Hier Financial Planning Specialist Financial Advisor Brett
More informationVideo: GIC Wealth Management Perspectives
GLOBAL INVESTMENT COMMITTEE FEB.8, 2017 Video: GIC Wealth Management Perspectives Video: The Case for Active Management A new video takes a deep dive into the drivers of recent Active Manager underperformance
More informationFundSource. Professionally managed, diversified mutual fund portfolios. A sophisticated approach to mutual fund investing
FundSource Professionally managed, diversified mutual fund portfolios Is this program right for you? FundSource is designed for investors who: Want a diversified portfolio of mutual funds that fits their
More informationThe Hendershot-Frederiksen Group
The Hendershot-Frederiksen Group Discussion materials Prepared by: Carsten Frederiksen, CFP, Financial Advisor Paul Hendershot, Senior Portfolio Manager, Financial Advisor 1604416 Contents I. The Hendershot-Frederiksen
More informationMid Cap Value Fiduciary Services EARNEST Partners, LLC
EARNEST Partners, LLC 1180 Peachtree St. - Suite 2300 Atlanta, Georgia 30309 Style: Sub-Style: Firm AUM: Firm Strategy AUM: US Mid Cap Value Traditional Value $20.1 billion $64.0 billion Year Founded:
More informationThe Delli Carpini Group at Morgan Stanley
The Delli Carpini Group at Morgan Stanley Tactical Investment Strategy. Comprehensive Wealth Planning. 522 Fifth Avenue 10th Floor, New York, NY 10036 212-603-6204 / MAIN 212-507-8242 / FAX https://fa.morganstanley.com/frank.dellicarpini
More informationThe Spiro Group at Morgan Stanley
The Spiro Group at Morgan Stanley 1100 Poydras Street Suite 1900, Energy Centre, New Orleans, Louisiana 70163 504-585-3973 / Main 800-227-6121 / Toll-Free 504-910-9755 / fax www.morganstanleyfa.com/ spirogroup/
More informationPreferred Securities (Custom) Select UMA Managed Advisory Portfolios Solutions
Managed Advisory Portfolios Solutions 2000 Westchester Avenue Purchase, New York 10577 Style: Preferred Securities Sub-Style: Firm AUM: $912.3 million Firm Strategy AUM: Year Founded: GIMA Status: Firm
More informationPart 2A Appendix 1 of Form ADV: Wrap Fee Program Brochure. 400 Park Avenue, 10 th Floor New York, NY January 9, 2017
Part 2A Appendix 1 of Form ADV: Wrap Fee Program Brochure Item 1 Cover Page 400 Park Avenue, 10 th Floor New York, NY 10022 Telephone: 212-702-3500 Facsimile: 212-702-3535 Internet: www.cnr.com January
More informationThe Pokorny Group at Morgan Stanley Smith Barney. Your success is our success.
The Pokorny Group at Morgan Stanley Smith Barney Your success is our success. Our Mission With nearly two decades in the brokerage industry, we offer you an insightful and experienced team that is committed
More information2018 Income Tax Tables
2018 Income Tax Tables Tax Tables To Help You in Your Investment Decisions 2018 Edition Federal Report, 2018 Edition Married Couple Filing Joint Return (MFJ) If Taxable Income is: OVER: But Not Your Tax
More informationInvestment Management Philosophy
Investment Management Philosophy Executive Overview The investment marketplace has grown increasingly complex and unpredictable for individual investors. This reality may make it difficult for many people
More informationMorgan Stanley. Our Process. The Bjorklund Group at Morgan Stanley
Morgan Stanley Our Process The Bjorklund Group at Morgan Stanley 1 Our Team Overview Brian Bjorklund Vice President, Wealth Advisor 952.921.1906 direct brian.bjorklund@morganstanley.com Kris Bjorklund
More informationThe Capitol Won Group at Morgan Stanley 400 Capitol Mall Suite 1900 Sacramento, CA
The Capitol Won Group at Morgan Stanley 400 Capitol Mall Suite 1900 Sacramento, CA 95814 916-341-7646 CapitoWonGroup@MorganStanley.com Why Morgan Stanley? One of the world s strongest investment organizations
More informationInternational Thematic (ETFs) Select UMA Managed Advisory Portfolios Solutions
Managed Advisory Portfolios Solutions 2000 Westchester Avenue Purchase, New York 10577 Style: Sub-Style: Firm AUM: Firm Strategy AUM: International Equities $912.3 million $36.3 million Year Founded: GIMA
More informationCredit Sensitive Fixed Income Market Data
Credit Sensitive Fixed Income Market Data April 2013 NORTH AMERICA KEVIN FLANAGAN Morgan Stanley Wealth Management Chief Fixed Income Strategist Managing Director kevin.flanagan@morganstanley.com +1 914
More informationWealth Management Perspectives
Wealth Management Perspectives A Donor-Advised Fund can Simplify Your Philanthropic Giving A donor-advised fund (DAF) is a private fund administered by a third party and created for the purpose of managing
More informationSeeking better after-tax performance for HNW investors Tax Managed Indexing
Seeking better after-tax performance for HNW investors Tax Managed Indexing By Matthew Swaffin-Smith, Private Wealth Advisor, Executive Director, Morgan Stanley Private Wealth Management Sidebar: The last
More informationThe Doolan/ Eldredge Group at Morgan Stanley
Morgan Stanley The Doolan/ Eldredge Group at Morgan Stanley Todd H. Doolan Portfolio Management Director Senior Portfolio Manager Financial Advisor Iain C. Eldredge Financial Planning Specialist Financial
More informationThis notice also includes a Q&A section that we hope will address many of your questions and concerns.
October 16, 2018 2018 estimated capital gain and income distributions To assist you with your tax planning, John Hancock Investments is providing you with advance notice of estimated capital gain distributions,
More informationThe East Gate Group at Morgan Stanley. Providing Clients with Financial Independence
The East Gate Group at Morgan Stanley Providing Clients with Financial Independence 330 Fellowship Road Suite 400, Mount Laurel, NJ 08054 888-651-6517 / MAIN 856-283-4456 / FAX http://www.morganstanleyfa.com/theeastgategroup/
More informationAlternative Investments. Innovative Strategies for Asset Allocation
Alternative Investments Innovative Strategies for Asset Allocation A Culture of Investment Excellence With a unique combination of resources and capabilities, Morgan Stanley offers quality advice and distinctive
More informationThe Tripod Strategy or Belmont Ave. Youngstown, OH
(Bottom L-R: Russ Spitz, Josh Blumental, Top L-R: Scott Murray, Amanda Wood, Dan Betts) The Tripod Strategy 330-759-6770 or 1-800-535-0017 5048 Belmont Ave. Youngstown, OH 44505 www.fa.smithbarney.com/buckeyegroup
More informationTurner Investments 1205 Westlakes Drive - Suite 100 Berwyn, Pennsylvania 19312
Turner Investments 1205 Westlakes Drive - Suite 100 Berwyn, Pennsylvania 19312 PRODUCT OVERVIEW The investment objective of the Turner Select portfolio is to outperform the Russell 1000 Growth Index over
More informationPACIFIC SELECT FUND PORTFOLIO OPTIMIZATION CONSERVATIVE PORTFOLIO
PORTFOLIO OPTIMIZATION CONSERVATIVE PORTFOLIO Quarterly Profile - As of December 31, 2017 INVESTMENT GOAL: Seeks current income and preservation of capital INVESTOR PROFILE: Clients who are looking for
More information1 Our Commitment. 3 Our Mission. 8 Our People. The Lonske Group at Morgan Stanley
1 Our Commitment 3 Our Mission 8 Our People The Lonske Group at Morgan Stanley Our Commitment: To help preserve your wealth and enhance your life Those with the skills and determination to create significant
More informationGlobal Thematic (ETFs) Select UMA Managed Advisory Portfolios Solutions
Managed Advisory Portfolios Solutions 2000 Westchester Avenue Purchase, New York 10577 Style: Sub-Style: Firm AUM: Firm Strategy AUM: Global Equities $912.3 million $53.9 million Year Founded: GIMA Status:
More informationKOVITZ INVESTMENT GROUP PARTNERS, LLC Disclosure Brochure (Form ADV Part 2A)
KOVITZ INVESTMENT GROUP PARTNERS, LLC Disclosure Brochure (Form ADV Part 2A) March 10, 2017 115 S. LaSalle Street 27 th Floor Chicago, IL 60603 (312) 334-7300 This brochure provides information about the
More informationForm ADV Program Brochure Morgan Stanley Smith Barney LLC. Graystone Consulting. March 29, 2018
Form ADV Program Brochure Morgan Stanley Smith Barney LLC Graystone Consulting March 29, 2018 2000 Westchester Avenue Purchase, NY 10577 Tel: (914) 225-1000 Fax: (614) 283-5057 www.morganstanley.com This
More informationForm ADV Program Brochure Morgan Stanley Smith Barney LLC. Graystone Consulting. September 29, 2017
Form ADV Program Brochure Morgan Stanley Smith Barney LLC Graystone Consulting September 29, 2017 2000 Westchester Avenue Purchase, NY 10577 Tel: (914) 225-1000 Fax: (614) 283-5057 www.morganstanley.com
More informationPortfolio Snapshot. Sample Report. A proposal for your review. John Adams Financial Advisor Merrill Lynch Wealth Management
Portfolio Snapshot A proposal for your review Sample Report John Adams Merrill Lynch Wealth Management SENSITIVE CLIENT INFORMATION INSIDE Important Information This analysis is a brokerage report that
More informationThe Sedgewood Group at Morgan Stanley
James W. Freeman Director Wealth Management Family Wealth Director Financial Advisor Portfolio Manager C. Lee Ives, III, CFP First Vice President Wealth Management Investment Management Consultant Financial
More informationETF Hedged Covered Call Portfolio
ETF Hedged Covered Call Portfolio Trade Team Bios Kevin G. Simpson Chief Investment Officer Kevin Simpson has been the President and Chief Investment Officer of Capital Wealth Planning, LLC since establishing
More informationChart of the Month - March 2017
Chart of the Month - March 2017 Prepared on March 28, 2017 Prepared For: Friends of the Renaissance Group at Morgan Stanley Please review the disclosures and definitions throughout this Document. Page
More informationConsulting Group: An Introduction
2 Disciplined Investment Process 3 Investment Advisory Programs 5 Global Resources, Local Perspective product consulting group Consulting Group: An Introduction summary The last several years have proven
More informationMFS Investment Management 500 Boyleston Street Boston, Massachusetts 02116
Investment Management 500 Boyleston Street Boston, Massachusetts 02116 MANAGER'S INVESTMENT PROCESS RISK CONSIDERATIONS Bottom-up idea generation within a sector-neutral framework, managed by a team of
More informationThis notice also includes a Q&A section that we hope will address many of your questions and concerns.
November 13, 2017 2017 estimated capital gain and income distributions To assist you with your tax planning, John Hancock Investments is providing you with advance notice of estimated capital gain distributions,
More informationLarimer Square Group at Morgan Stanley
Larimer Square Group at Morgan Stanley Pictured left to right: William Ott(Financial Advisor), Carter Dammen(Financial Advisor), Megan Wangler(Sr. Registered Associate) 1550 Market St Suite 600 Denver,
More informationAT MORGAN STANLEY. Discretionary Portfolio Management Platform
2751 Centerville Rd, Suite 104 Two Little Falls Centre Wilmington, DE 19808 302.636.5541 302.636.5537 Discretionary Portfolio Management Platform TH E GE HRT /YAAKOVIAN GROUP AT MORGAN STANLEY At The Gehrt/Yaakovian
More informationThe Ellsworth Group at Morgan Stanley Smith Barney
The Ellsworth Group at Morgan Stanley Smith Barney 36 East Streetsboro Street Suite 101, Hudson, Ohio 44236 234-380-4800 / Main 234-380-4801 / fax fa.morganstanleyindividual.com/theellsworthgroup/ The
More informationWhat Is Investing With Impact?
What Is Investing With Impact? FINANCIAL GOALS Financial performance driven by economic fundamentals INVESTING WITH IMPACT IMPACT GOALS Positive social and/or environmental outcomes driven by values and
More informationAdverse Active Alpha SM Manager Ranking Model
CONSULTING GROUP INVESTMENT ADVISOR RESEARCH DECEMBER 3, 2013 Adverse Active Alpha SM Manager Ranking Model MATTHEW RIZZO Vice President Matthew.Rizzo@ms.com +1 302 888-4105 Introduction Investment professionals
More informationWealth Management Perspectives
Wealth Management Perspectives Wealth Management Capabilities We make it easy for successful executives like you to manage every aspect of your financial life, no matter how complex your specific challenges
More informationBIONDO INVESTMENT ADVISORS, LLC. An affiliate of The Biondo Group, LLC 540 Routes 6 & 209 PO Box 909 Milford, PA 18337
BIONDO INVESTMENT ADVISORS, LLC An affiliate of The Biondo Group, LLC 540 Routes 6 & 209 PO Box 909 Milford, PA 18337 Biondo Investment Advisors, LLC FIRM BROCHURE Form ADV: This brochure provides information
More informationWealth Management Perspectives
Wealth Management Perspectives What Are the Different Types of Insurance Products? There are a number of insurance products in the marketplace to help protect you and your family in the event of death,
More informationFiduciary Guidelines for Foundation & Endowment Trustees
1 Legal and Regulatory Oversight 3 Selecting and Monitoring Investment Managers 2 Developing a Spending Policy 2 Investment Policy Statements 3 Administration and Records online report consulting group
More informationImportant Information about Structured Products
Robert W. Baird & Co. Incorporated Important Information about Structured Products Definition and Background Structured products, as described by the Financial Industry Regulatory Authority (FINRA), are
More informationWealth Management Perspectives
Wealth Management Perspectives Investing with Impact Framework Morgan Stanley s Investing with Impact Framework enables clients to align investment decisions with impact priorities across their portfolio.
More informationRBC Strategic Asset Allocation Models
Page 1 of United States Core Very conservative Last updated: April 17 Risk Profile 1 The focus is capital preservation. The portfolio will typically be invested mainly in fixed income and other low volatility
More information