THE SPROUL-GOUGH GROUP at Morgan Stanley

THE SPROUL-GOUGH GROUP at Morgan Stanley

4205 BALMORAL DRIVE SUITE 100 HUNTSVILLE, AL 35801 256-650-4003 / MAIN 800-877-0380 / TOLL-FREE 256-650-4046 / FAX www.morganstanley.com/fa/thesproulgoughgroup kenneth.sproul@mssb.com/glenda.gough@mssb.com

THE SPROUL-GOUGH GROUP at Morgan Stanley As Financial Advisors, our role is to help you use your wealth to achieve what is most important to you. That may mean providing an education to children and grandchildren, buying a vacation home, meeting the special needs of a family member, retiring ten years early the list is endless, and the decision is uniquely your own. Together, we will explore your aspirations and the life you envision. We will work with you to translate your goals into a specific investment objective and personalized investment strategy. And then, drawing on the team s experience and perspective informed by the insight and resources of one of the world s largest financial firms we will structure a portfolio for you, executing and refining that strategy to help bring you closer to your definition of investment success. In short, your goals become our focus, and achieving them becomes a commitment that we share. THE SPROUL-GOUGH GROUP 3

Meet the Professionals The Sproul-Gough Group 4 MORGAN STANLEY

Kenneth M. Sproul, CFP Vice President - Wealth Management Financial Advisor Ken has been with Morgan Stanley since 1982, serving as a Financial Advisor in the Huntsville office. He earned a B.S. from Alabama College, a M.B.A. from Samford University, and holds the CERTIFIED FINANCIAL PLANNER practitioner designation. He has taught business courses at the University of Montevallo and at Athens State University over the last 30 years. Ken has received the General Securities Representative Series 7, 63 and 65 licenses, General Securities Sales Supervisor, Series 8, as well as the Registered Option Principal, Series 3, 4, 5 and 15 licenses. He has also received the professional designation of Rule 144 Specialist. Ken has been married to his wife, Linda, for 44 years and together they have two children and three grandchildren. Glenda B. Gough Investment Management Consultant Associate Vice President Financial Advisor Glenda joined Morgan Stanley in March of 1980. After serving as Operations Manager, she earned her General Securities Representative Series 7 and 63 licenses in 1987. She later became licensed as a General Securities Sales Supervisor, Series 8. She is a Registered Investment Advisor Representative and a member of the Association of Professional Investment Consultants. Through the firm s Graduate School Program through the University of Pennsylvania s Wharton School of Business, Glenda earned the designation of Investment Consultant. She has also completed several courses of additional study on Estate Planning, and has received the professional designation of Rule 144 Specialist. Glenda and her husband, Charles, have two college-age children. THE SPROUL-GOUGH GROUP 5

LESLIE K. SOLLEY Senior Registered Client Service Associate Financial Planning Associate Leslie joined Morgan Stanley in August of 1984, beginning her career in Operations. In 1995, to further her career with Morgan Stanley, she earned her General Securities Representative Series 7 and 63 licenses. In 2001, she earned the designation as Registered Investment Advisor. Most recently, Leslie completed courses of additional study to earn the designation of Financial Planning Associate. She diligently and professionally ensures that client operational issues are resolved promptly and accurately. Leslie maintains a thorough and practical understanding of legal and compliance guidelines. Born and raised in Huntsville, AL, Leslie and her husband of 29 years, Gary, have a 27 year old son, Matt, and a dog, Molly. HEATHER D. SAINT Registered Client Service Associate Heather recently joined Morgan Stanley in October of 2012. She started her career in the wealth management industry over 15 years ago, with thirteen years at Merrill Lynch and the last two years at UBS Financial. Heather earned her General Securities Representative Series 7 and Series 63 licences in 1999. She graduated from the University of North Alabama in 1995 with a B.S. in Education and a minor in Business. Heather joined the Sproul-Gough Group as our marketing coordinator. Her focus is planning client events, setting up portfolio reviews, and helping our team be more proactive in communication with clients. Heather and her husband, Shannon, live in Grant and have an eleven-year-old daughter, Baylee.

For Life's Most Important Goals With experienced professionals 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 insights into your needs with the resources of Morgan Stanley. 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. I 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 Insurance 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 Structured investments Separately managed accounts

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, I can help you develop and implement a strategy based on your vision of retirement. IRAs: - Traditional - Roth IRA rollovers Roth conversions Building a unique legacy Estate planning typically brings together the dimensions of life: personal, family, financial and charitable. I 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. I 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. I can help you analyze and implement a strategy that rewards you while it benefits causes you care about. Charitable lead and remainder trusts Family foundations Donor advised funds 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. I can help you analyze your current insurance portfolio and work to update your coverages to fulfill personal and strategic goals. Life and disability income insurance Life insurance trusts Key-person insurance 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. I 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 Debt restructuring THE SPROUL-GOUGH GROUP 9

We Work to Understand the Full Scope of Your Financial Picture It starts with listening. We ask questions regarding your needs and dreams, your tolerance for risk, your time horizon and then listen. It s an ongoing process through which we strive to know all we can about you, your family, your business (if applicable) and your short- and long-term goals. This period of discovery helps us make informed recommendations and design a flexible wealth management plan that is uniquely yours. 1 2 1 Discovery process Identify your goals, values, dreams, special concerns/challenges 2 Develop investment strategy Determine risk tolerance Analyze current investment portfolio Develop asset allocation strategy Portfolio construction 10 MORGAN STANLEY

The Client Experience 3 4 5 6 7 8 9 10 3 Investment strategy meeting In-person meeting to present recommended investment strategy 5 Follow-up meeting In-person meeting to discuss: First statements Organization of paperwork Set up online account access (and review online resources) Develop schedule for 7 Wealth management plan meeting In-person meeting to present comprehensive wealth management strategies 9 Ongoing monitoring of investment strategy and wealth management plan Develop schedule for review meetings future review meetings Schedule wealth management plan meeting 4 Execution of investment strategy Open new accounts Transfer existing assets Conduct trades to execute agreed-upon investment strategy 6 Develop comprehensive wealth management plan Financial planning Retirement planning Access to banking and lending services Education planning Business succession planning Charitable giving Family dynamics Estate planning management plan meeting 8 Execute wealth management plan Ongoing execution of wealth management strategies 10 Re-evaluate investment strategy based on changes to goals, objectives and/or expectations Adjust investment portfolio and/or wealth management plan in light of any changes CRC#410861 1197077 03/2013

Financial Advisors have access to TOP-FLIGHT RESEARCH from to the CENTER FOR INVESTMENT EXCELLENCE of market research and actionable investment ideas. 4,100 tracked 25 Global Investment SALES AND TRADING business dedicated our wealth management clients. 210 Management has the most MANAGER DUE-DILIGENCE team in 1,000 investment ALTERNATIVE INVESTMENT most sought-after fund managers. 100 unique strategies 25 manager research 30 dedicated One of the World s Strongest Investment Organizations Stands Behind Your Financial Advisor Information as of 06/30/2012 unless otherwise indicated

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. Investors who choose Morgan Stanley 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. A PROFOUND UNDER- STANDING OF WEALTH MANAGEMENT NEEDS Education Funding Investment Management Retirement Risk Management VAST EXPERIENCE. Drawing on many years of experience, Morgan Stanley understands the importance of shaping relationships that reflect client needs, preferences and aspirations. 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 help develop, structure and execute strategies for your most important financial needs, from accumulating wealth to investing for income, from creating retirement reserves to devising a distribution approach that meets your lifestyle and legacy goals. INVESTMENT INSIGHT WITHOUT LIMITS. 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. The team is currently supported by the work of research analysts at two of the world s largest investment banks, Morgan Stanley and Citi, who coverkeygeographicandeconomic sectors, as well as 4,100 companies. You also benefit from a premier trading and execution platform. Think of our 210 capital markets professionals as experienced, highly responsive and knowledgeable partners. PERFORMANCE THAT SEEKS TO MEET YOUR MEASURE. Among the most importantskillsofourfinancialadvisors is the ability to listen: to understand your financial needs and then align the resources to help 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, and assist you in developing and executing a strategy that is precisely your own and help deliver results that meet your needs. Your Financial Advisor is your advocate within our firm, an intelligent editor who selects and aligns the many capabilities of Morgan Stanley for you, delivering the right resources to you in the way that is most appropriate for how you invest and what you want to achieve. A STRONG, STEADY FORCE IN A CHANGING INDUSTRY Please read important disclosures on the back cover of this brochure 10/2012 CRC562867

Morgan Stanley 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 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. 14 MORGAN STANLEY

Morgan Stanley 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 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. 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 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. Asset allocation and diversification do not guarantee a profit or protect against loss. Morgan Stanley Smith Barney LLC is a registered brokerdealer, not a bank. Where appropriate, Morgan Stanley Smith Barney LLC 2013 Morgan Stanley Smith Barney LLC. Member SIPC. 1197077 03/2013 CRC 629323