The Harbor Group at Morgan Stanley

Transcription

1 The Harbor Group at Morgan Stanley

2 Back row left to right: Aaron Sheehy, Jeffrey DiNapoli, Steven Greenberg, Alan Preto, John Vessa, Jeffrey Winik Middle row left to right: Corey Fleisher, Andrew Alessandrini Front row left to right: Iraida Gonzalez, Lauren McGrath, Ashley Angelo 31 West 52nd Street 23rd Floor New York, New York / MAIN / TOLL-FREE / FAX

3 The Harbor Group at Morgan Stanley The Harbor Group is a wealth advisory team that provides personalized investment and wealth management services to a select and sophisticated clientele comprised of wealthy families, senior corporate executives, corporations, pension plans, foundations and endowments. Our founding partners, who average 30 years of financial advisory experience, have guided clients through some of the most turbulent, as well as the most profitable, economic and investment time periods in our history. We believe that one size does not and should not fit all. Therefore, we employ a comprehensive wealth management process designed to help us understand not only our clients financial lives, but their personal lives as well. The result is a customized and tailored investment plan that draws on some of the best-in-class, independent investment managers plus the global capabilities of Morgan Stanley capital markets. As a wealth advisory team, our mission is to provide you with advisory services that include, and extend beyond, investment management. We take pride in being able to offer our clients the most advanced services available through Morgan Stanley, including guidance on wealth transfer, asset protection, philanthropy and access to lending services. We look forward to working with you, sharing your vision of the future and helping to develop a personalized strategy that will help provide for a financially secure future for you and for your family. THE HARBOR GROUP 3

4 How We Work With You CUSTOMIZED SERVICE, PERSONAL ATTENTION Each client enjoys a direct, one-on-one relationship with their personal Harbor Group financial advisor while benefitting from the depth of knowledge, service and support of the rest of the Harbor Group team. Additionally, clients have access to the intellectual capital, global reach and capital markets capabilities of Morgan Stanley. Managing wealth and planning for a secure financial future are not easy tasks. We can help. Our 5-step wealth management process will help you focus on what s meaningful in your life, identify your risks and provide the planning and investment solutions needed to help you achieve your goals: 1 Comprehensive Client Review Our discovery process is a thorough and comprehensive study of who you are, your current financial picture, your goals, values and your willingness to take investment risk. We will ask questions about your family, business, profession, extracurricular activities and charitable interests. 2 Analysis of Information We will review your current asset allocation and investments to determine if they are positioned properly to help you meet your long-term goals and stated risk tolerance. We will examine your liabilities to determine if you are making efficient use of credit and will evaluate the risks and potential threats you face in seeking to achieve your objectives. 3 Formulation of Investment and Financial Plan We will prepare a written plan with recommendations customized to help meet your unique needs, including, as applicable, recommendations covering asset allocation, investment management, cash management, retirement planning, education expense planning, risk management, insurance analysis and estate planning strategies. 4 Implementation of Plan We will take advantage of the full suite of resources and capabilities of Morgan Stanley, as well as best in class independent providers, to implement your plan. We will coordinate our work with your attorney, accountant and other outside advisors, as you see fit. 4 MORGAN STANLEY

5 5 Periodic Monitoring, Review and Reporting We will, periodically, monitor and report on your progress in seeking to meet your goals. During these reviews, we will analyze the performance of your investment portfolio, discuss any changes that may be warranted and gather any information concerning changes to your personal or financial situation, goals and objectives.

6 A Wealth of Opportunity Today s financial markets offer individuals and institutional investors a complex array of investment choices. Moreover, faced with a ceaseless drumbeat of financial news, predictions, unbridled optimism or dire pessimism, today s investors are finding it increasingly difficult to adopt and maintain a long-term investment plan. We can help you cut through the clutter and the noise by providing you with a diversified portfolio custom tailored to your specific financial goals and tolerance for risk. Guided by our own economic and market insight, as well as the strategies developed by some of the world s most seasoned and respected investment professionals, we will help you tactically adjust your portfolio to respond to the changing economic and investment landscape. our mission Help our clients build, preserve and transfer wealth in a taxefficient manner and in harmony with their unique values, needs and goals. our vision Be our clients primary financial advisors by focusing solely on making a positive difference in their lives. We are ready to work for you. 6 MORGAN STANLEY

7 Investments and Investment Management Advisory With an average of 30 years of financial industry experience, and backed by the resources within Morgan Stanley, our lead financial advisors can provide a high level of customized investment services for our clients. CUSTOMIZED, DIVERSIFIED PORTFOLIOS Our portfolio strategies are designed to take into account a client s investment objectives, risk tolerance, investment time frame, liquidity and cash flow needs and desire for preservation of capital, income or growth. We also consider an individual s investment experience and expertise, time available to manage his or her portfolio and desire to do so. Finally, we help evaluate any tax issues, special considerations or restrictions a client may have. We believe that investment diversification and asset allocation are key ingredients in seeking to reduce risk and enhancing potential returns over the long term. INSTITUTIONAL QUALITY MONEY MANAGERS, OPEN ARCHITECTURE PLATFORM For many of our clients, we suggest separately managed portfolios utilizing institutional quality independent money managers researched, selected and monitored by Consulting Group, the investment management consulting arm of Morgan Stanley. Founded in 1973, Consulting Group is one of the recognized leaders in investment management consulting and is known for their thorough research and unbiased advice. UNIFIED MANAGED ACCOUNTS The ever increasing complexity of investment management can make coordinating decisions a full-time job. Unified managed accounts (UMAs) can help provide a comprehensive, unified approach to asset allocation, investment selection, account management and performance reporting by allowing us to combine different investment vehicles, such as separately managed accounts, mutual funds and exchange traded funds within a single account structure. ALTERNATIVE INVESTMENTS Alternative investments provide qualified and sophisticated investors with exposure to markets and investment strategies that cannot be accessed through traditional fixed income and equity markets. In addition to attractive risk-adjusted return potential, alternatives may provide diversification benefits. Through Morgan Stanley, we are able to provide our clients access to opportunities in private equity, real estate, hedge funds, managed futures, and exchange funds based on their individual suitability. Frequently, we are able to offer clients access to sought-after fund managers at lower minimum investments than they would otherwise have been able to secure. CAPITAL MARKETS We believe a distinct advantage for our clients is our direct access to Morgan Stanley s trading desk to execute sophisticated trading strategies in the equity, option, futures, commodities, fixed income and foreign currency markets. THE HARBOR GROUP 7

8 A Wealth of Experience Jeffrey Winik, CFP Senior Vice President Wealth Management Family Wealth Director Senior Investment Management Consultant John L. Vessa, CIMA, CFP Senior Vice President Wealth Management Family Wealth Director Executive Financial Services Director Steven S. Greenberg Senior Vice President Wealth Management Financial Advisor As a designated Family Wealth Director, Jeff is one of a select few senior financial advisors recognized by Morgan Stanley for their experience and knowledge in providing advisory services to the firm s most affluent private clients and corporate executives. Jeff is a CERTIFIED FINANCIAL PLANNER TM, a Senior Investment Management Consultant and a member of Morgan Stanley 2013 President s Club, a distinction awarded to some of the top Morgan Stanley Financial Advisors. Jeff is the vice president, board of directors, of the Institutes of Applied Human Dynamics, a non-profit organization dedicated to serving the developmentally disabled. Jeff and his wife, Sara, reside on Long Island. He enjoys sports, gardening and reading in his spare time. John was recognized by Barron s (Top 1000 Advisors, February, ) and Research (The Winner s Circle, January, ) as one of the Nation s top financial advisors. As a Family Wealth Director, John is one of a select few Morgan Stanley financial advisors recognized for their expertise in advising the firm s most affluent clients. John is a Certified Investment Management Analyst SM through IMCA and the Wharton School of Business as well as a CERTIFIED FINANCIAL PLANNER. TM He is a member of Morgan Stanley 2013 President s Club, a distinction awarded to some of the top Morgan Stanley Financial Advisors. A native New Yorker, John and his family live on Long Island. He is a past president of Strathmore Vanderbilt Country Club and has been involved in a variety of community and charitable activities. He enjoys travel, golf, music and sports. Steve learned the inner workings of the financial services industry by working side by side with traders and bankers. He is able to draw on this insight and his years of investment experience in serving a clientele that includes business owners, corporate executives and wealthy families. Steve is extremely active in his community. He is a past president of School Board 27 in Queens. He also has served as chairman of the board of the Breezy Point Cooperative. After Superstorm Sandy devastated his community, Steve founded the Breezy Point Disaster Relief Fund, a 501c3 charity, to assist the residents in returning to their homes and provide funds to rebuild the community s infrastructure. Steve is a member of Morgan Stanley 2013 President s Club, a distinction awarded to some of the top Morgan Stanley Financial Advisors. Steve and his wife live in Breezy Point and are the proud parents of three daughters. 8 MORGAN STANLEY

9 Aaron Sheehy Senior Vice President Wealth Management Futures Planning Specialist Jeffrey T. DiNapoli, CFP Vice President Wealth Management Executive Financial Services Director Aaron began his career on the floor of the New York Stock Exchange for Salomon Brothers which provided him with a unique insight into the intricacies of stock trading. He currently focuses on formulating and executing investment strategies and trades across the stock, bond, options, commodities and futures markets for our high net worth clients. Aaron is a member of Morgan Stanley 2013 President s Club, a distinction awarded to some of the top Morgan Stanley Financial Advisors. Aaron resides in New Jersey with his wife and three children. In his spare time, he enjoys playing golf. Jeff is among an elite group of financial advisors at Morgan Stanley to hold the title, Executive Financial Services Director. In this role, Jeff focuses on investment consulting to Institutional Investors and Ultra High Net worth families. In addition to this appointment, Jeff has also obtained the CERTIFIED FINANCIAL PLANNER designation. In this position, he works closely with clients and analyzes their entire balance sheet to create a customized portfolio which best meets their needs. Jeff is featured, daily, on the radio by Empire Broadcasting Corporation, providing a live market update on WABY 1160AM. He has been with Morgan Stanley since Jeff holds his Series 3,7,31 and 66 licenses. A graduate of Providence College, he is involved with a number of community activities, primarily focused on raising money for Parkinson s research, in honor of his Mother. Jeff resides in Manhattan with his wife, Joy. They are expecting their first child this spring.

10 Comprehensive Wealth Management Services wealth advisory services investments and asset management Philanthropic Advisory Donor Advised Funds Art Advisory and Finance Family Dynamics Trust Services retirement planning Retirement goal analysis Retirement account review Beneficiary review Retirement income planning comprehensive financial planning Goals Analysis Retirement Planning Estate Planning Risk Review Business Succession Planning Tactical Asset Allocation Independent, best-inclass asset managers Strategic taxable and tax-free fixed income portfolios Private equity and alternative investments Futures and commodities trading Foreign currency exchange access to banking and lending services executive compensation management Restricted Securities liquidation and risk management alternatives Stock Option Strategies Rule 10b5-1 Trading Plans Concentrated Stock Hedging and Monetization 10 MORGAN STANLEY

11 Distinctive Services for Clients of Distinction THE WEALTH PLANNING CENTER, A BRAIN TRUST FOCUSED ON YOUR LIFE We are able to marshal a team of some of the most credentialed professionals in the industry, each member focused on a specific area or topic, through Morgan Stanley s Wealth Planning Centers. In conjunction with The Harbor Group, you will work with experienced estate attorneys, tax attorneys and former IRS professionals and most are also Certified Public Accountants and Certified Financial Planners. In addition to your lawyer, accountant and other key outside advisors, we can also call on other specialists within Morgan Stanley to guide you in the sale and recapitalization of your business, to help you resolve conflict among family members or to work with you on governance and grantmaking issues in a private foundation. The process is collaborative, dynamic, and objective and offered without charge for those clients who qualify. FAMILY WEALTH ADVISORY As a firm within a firm, Family Wealth Advisory at Morgan Stanley, through Family Wealth Directors John Vessa and Jeff Winik of The Harbor Group, offers qualified clients access to a robust platform of specialized services designed to address their need for sophisticated advice and strategic guidance, including: Art Advisory and Finance Aircraft Advisory and Management Family Governance and Dynamics Philanthropic Advisory Private Healthcare Advisory Trust Services THE HARBOR GROUP 11

12 1 Source: Barron s Top 1000 Financial Advisors, [February, 2009], as identified by Barron s magazine, using quantitative and qualitative criteria and selected from a pool of over 3,000 nominations. Advisors in the Top 1000 Financial Advisors have a minimum of seven years of financial services experience. Qualitative factors include, but are not limited to, compliance record, interviews with senior management, and philanthropic work. Investment performance is not a criterion. The rating may not be representative of any one client s experience and is not indicative of the Financial Advisor s future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors pay a fee to Barron s in exchange for the rating. Barron s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. 2 Source: Research Magazine s 130 Top-Ranked Advisor Teams in America, September, as identified by The Winner s Circle, LLC, bases its rankings on qualitative criteria: professionals with a minimum of seven years financial services experience, acceptable compliance records, client retention reports, customer satisfaction, and more. With over 7,000 nominations compiled on an annual basis, Financial Advisor teams are quantitatively ranked based on varying types of revenues and assets advised by the financial professional, with weightings associated for each. Additional measures include: in-depth interviews and discussions with senior management, peers, and customers, and telephone-based and in-person interviews with the nominees. Because individual client portfolio performance varies and is typically unaudited, this ranking focuses on customer satisfaction and quality of advice. For more information on ranking methodology, go to The rating may not be representative of any one client s experience because it reflects a sample of all of the experiences of the Financial Advisor s clients. The rating is not indicative of the Financial Advisor s future performance. Neither Morgan Stanley* nor its Financial Advisors pay a fee to The Winner s Circle in exchange for the rating. 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. An investment in alternative investments can be highly illiquid, is speculative and not suitable for all investors. Investing in alternative investments is only intended for experienced and sophisticated investors who are willing to bear the high economic risks associated with such an investment. Investors should carefully review and consider potential risks before investing. Some of these risks may include: loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative practices; lack of liquidity in that there may be no secondary market for the fund and none is expected to develop; volatility of returns; restrictions on transferring interests; potential lack of diversification and resulting higher risk due to concentration of trading authority when a single advisor is utilized; absence of information regarding valuations and pricing; complex tax structures and delays in tax reporting; less regulation and higher fees than mutual funds; and Manager risk. Individual funds will have specific risks related to their investment programs that will vary from fund to fund. Actual results may vary and past performance is no guarantee of future results. 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. Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates. Diversification does not guarantee a profit or protect against a loss. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Morgan Stanley Wealth Management recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor s individual circumstances and objectives. The views expressed herein are those of the author and do not necessarily reflect the views of Morgan Stanley Wealth Management or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Past performance is no guarantee of future results. Trust and other fiduciary services are provided by third parties, including Morgan Stanley Private Bank National Association, a wholly owned subsidiary of Morgan Stanley. Morgan Stanley Smith Barney LLC ( Morgan Stanley ), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. This material was not intended or written to be used, and it cannot be used, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters. Securities-based Lending Risks: Borrowing against securities may not be suitable for everyone. You should be aware that securities-based loans involve a high degree of risk and that market conditions can magnify any potential for loss. Most important, you need to understand that: (1) Sufficient collateral must be maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. You will not be entitled to choose the securities that will be sold. These actions may interrupt your 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 collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call your securities-based loan at any time and for any reason. Morgan Stanley Smith Barney LLC ( Morgan Stanley ) is a registered Broker/ Dealer, member SIPC, not a bank. Where appropriate, Morgan Stanley has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services. Unless specifically disclosed in writing, investments and services offered through Morgan Stanley 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 Morgan Stanley Smith Barney LLC. Member SIPC. Consulting Group and Investment Advisory Services are divisions of Morgan Stanley Smith Barney LLC. CRC CS /14