The Seaview RED Group at Morgan Stanley
2400 East Commercial Blvd. 12th Floor, Ft. Lauderdale, FL 33308 954-267-5631 / Main Robert.Lavin@morganstanley.com
The Seaview RED Group at Morgan Stanley Institutional Quality Fixed Income Investment Management Low Interest Rates Don t Necessarily Lead to Low Fixed Income Returns Successful institutional investors have long known that there are strategies to implement in almost any investment environment and that fixed income returns are not based on yield alone. Even in today s low interest rate environment, The Seaview RED Group at Morgan Stanley can help you manage the fixed income portion of your portfolio with strategies designed to: Reduce Interest Rate Risk Increase Principal Value Maximize Yield Maintain the Flexibility to Capitalize on Changing Market Conditions For more than 35 years combined, Robert Lavin and Christian Macellari, the principals of The Seaview RED Group, have helped corporations, financial institutions, and developers succeed in a variety of fixed income market conditions. In addition to institutions, their tax-efficient, customized approach is now available to family offices and individual investors seeking growth of principal, as well as enhanced yield. morgan stanley 3
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The SEAview RED group at Morgan stanley What Sets Us Apart We don t view the fixed income markets passively. Our clients are perfectly capable of clipping coupons on their own. We believe that a management approach should provide clients with: Tax-Conscious Perspective The Seaview RED Group offers both a taxable and tax-free strategy. Taxable accounts require attention to taxes that can erode even superior performance. We select bonds for your portfolio only after discussing with you potential tax consequences and how to mitigate them through asset structure and transaction timing. Portfolio Transparency You can provide us with specific instructions about what type of securities you would like to (or not like to) own. You will always know which securities are in your portfolio, what their cost bases are and how they are performing. Accessibility Unlike pooled funds managers, we are always available to discuss your overall strategy, comment on specific positions and help you evaluate your progress. Customized Strategies You are not part of a pool with other investors who may not have similar goals. Your assets are managed specifically with your needs in mind, and the securities we purchase on your behalf are owned by you. No Hidden Fees The fees we charge are based on a percentage of your assets and appear on your quarterly statements. As a result, you always know what you are paying. morgan stanley 5
The SEAview RED group at Morgan stanley A Closer Look at Portfolio Construction Increased principal leads to increased interest and continued growth for our clients. In our efforts to achieve these goals, our strategy is designed to: Maximize Yield While Maintaining Flexibility Your portfolio may contain municipal bonds, corporate bonds, preferred stocks, asset-backed or mortgage-backed securities and a variety of structures from floaters and step-ups to callable and interest-only or principal-only bonds. By taking advantage of the diversity offered by today s fixed income markets, we can anticipate and adapt to changing market conditions, interest rates and yield curves without sacrificing yield. Capitalize on Yield Curve Dynamics Trading spreads between municipal, corporate and mortgage-backed securities and U.S. Treasuries tend to narrow as bonds approach maturity. By employing a strategy known as riding the shoulder of the curve, we attempt to take advantage of tightening spreads, thereby increasing total return. Reduce Interest Rate Risk When rates increase, we often use defensive structures like floating rate and cushion bonds that enable us to generate additional yield, while protecting principal. Finally, we focus on liquidity in an effort to reduce bid-ask spreads, and we consider the effect of taxes when devising strategies for clients with taxable portfolios. 6 Morgan Stanley
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The SEAview red group at Morgan stanley Who is The Seaview RED Group? Robert C. Lavin Senior Vice President Portfolio Manager Financial Advisor With more than 20 years of experience advising banks, insurance companies and hedge funds on fixed income trading and asset/liability management, Rob Lavin has an extensive knowledge of appropriate strategies and products for the fixed income needs of discerning clients. Prior to joining Morgan Stanley, Robert was a Director in Deutsche Bank Asset and Wealth Management from 2009 to 2016, a Senior Vice President at UBS in the Regional Institutional Sales Group from 1999 to 2009, and prior to that, a Director at CIBC. In all capacities, he provided portfolio products including CDOs, CMOs, CLOs, MBS, ABS, CMBS, corporate bonds, municipal bonds, MBS options, and repo lending to the banks, insurance companies and corporate treasuries that he covered. His experience in fixed income products has also enabled him to advise family offices and high net worth individuals on portfolio management. Robert received a B.S. in chemical engineering from the University of Virginia and an M.B.A. in finance, accounting and marketing from the University of Chicago. robert.lavin@morganstanley.com 954-267-5631 Christian Macellari, CRPC Portfolio Manager Financial Advisor With over sixteen years of experience advising corporations including real estate developers on structuring business liquidity facilities, implementing securities based lending, and leveraging real estate portfolios, Christian Macellari offers valuable cash management skills for corporate entities. Prior to joining Morgan Stanley, Christian was a Financial Advisor and Investment Advisor at Merrill Lynch advising middle market companies on corporate retirement strategy, treasury management and commercial lending needs. Christian was part of a dedicated triage system of 8 investment professionals in the South East of Florida qualified to work with clients of Bank of America s Business Banking units. Prior to that Christian was a Sr. Mortgage Banker at JP Morgan Chase as well as having held management positions at Centex and Accredited Lenders. He often works in partnership with other areas of the firm including Investment Banking, Private Equity and Private and Commercial Banking, in order to deliver a truly comprehensive solution to his clients. Christian received a B.A. in Psychology and minor in Business from the University of Texas at Austin and is fluent in Spanish, Italian and proficient in the Dutch language. christian.macellari@morganstanley.com 954-267-5613 morgan stanley 9
The SEAview RED group at Morgan stanley Your Next Step As part of Morgan Stanley Wealth Management s Fixed Income Middle Markets Group, we can enlist the support of a global leader in fixed income research and trading to further the goals of our clients. To learn more about how you can benefit from fixed income management that has traditionally been available only to institutions, contact us at: The Seaview RED Group at Morgan Stanley 2400 East Commercial Blvd. 12th Floor, Ft. Lauderdale, FL 33308 954-267-5631 / main 10 Morgan Stanley
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