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 / FAX michael.collins@morganstanley.com stephen.savrann@morganstanley.com katelyn.collins@morganstanley.com
The Collins Savrann Group at Morgan Stanley As a Morgan Stanley client you benefit from the experience of one of the world's leading wealth management firms. Our team is committed to listening to you, assessing your concerns and helping to ensure that all of your assets are working together towards the goals you have set. We will keep you informed and focused, so even in difficult markets, you never lose sight of your priorities. We provide clear, consolidated reporting on progress towards your goals. We value your trust and however you acquired your wealth, we respect the choices and decisions you have made in the process. THE COLLINS SAVRANN GROUP 3
Meet the Professionals The Collins Savrann Group is focused on helping you identify and achieve your unique goals, whether they are preserving your wealth, minimizing risk or growing your assets. We will work to determine the relevant customized solutions to meet your objectives. Our group uses multiple sources of research to take a top-down approach to selecting securities. The whole process is governed by a strict review discipline. In addition to Morgan Stanley, we have access to research from numerous third-party providers. As industry professionals for more than 30 years, we have experienced multiple bull and bear markets. This experience has proven invaluable in managing client assets during periods of strong and turbulent markets. 4 MORGAN STANLEY
Michael J. Collins Senior Portfolio Manager Senior Vice President Financial Advisor My career began in 1981. Over the past 33 years, I have helped clients manage their wealth throughout good times and bad. This includes the 1987 stock market crash, the 2000-2001 internet bubble, and the 2008 global crisis. I joined Morgan Stanley after 16 years at UBS Financial Services and a tenure at Lehman Bros Inc. (15 years). Focusing on fee based discretionary portfolio management, I am FINRA-registered and hold Series 7, 63, and 65 securities licenses. Featured in the publication, The Technical Analysis of Stocks and Commodities, my emphasis is on rules based investment processes. My bachelor s degree in economics and psychology (cum laude) is from Bowdoin College. My wife and I reside in Hull MA and enjoy spending time with our 3 children. Stephen K. Savrann Vice President Financial Advisor My investment career began in one of the equity market s most memorable years in stock market history 1987. I recently joined Morgan Stanley after spending 26 years at UBS Financial Services. My entire career has been focused on providing customized investment planning solutions for businesses and high net worth families. My particular area of emphasis is servicing the needs of the Automotive Reinsurance marketplace. My bachelor s degree in business management is from Babson College. My wife and I live in Sharon Ma., where I am actively involved in charitable work as a Sharon Rotarian. Katelyn A. Collins Client Service Associate I recently joined the Collins/ Savrann Group at Morgan Stanley after serving as Admissions Coordinator at Boston University Graduate School of Engineering. My main responsibilities include providing administrative service and assistance to the team s clients, as well as, coordinating all operational and scheduling activities for the Group. I am a 2012 graduate of Providence College (summa cum laude), and currently reside in Boston s historic North End. THE COLLINS SAVRANN GROUP 5
Portfolio Management and Strategies The Collins/Savrann Group Investment Strategies- The PM Program The PM Program was 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. Dividend Growth Strategy (Large Cap) Objective The objective of our Large-Cap Dividend Growth portfolio is to achieve above-average growth relative to the S&P 500 over a full market cycle (7 10 years), while experiencing below-average volatility. We aim to accomplish this objective through a diversified portfolio constructed primarily of 20 40 large-cap, dividend-paying securities. This style is most suitable for investors looking for equity and income exposure in a diversified portfolio. Key Facts Asset Class/Market Cap: Equities/Large-Cap Geographic Exposure: Global Investment Strategy In our Dividend Strategy portfolio we primarily concentrate on domestic equities. From time to time, we may invest in international securities; however, they will represent a minority of the portfolio. Primary factors that we evaluate for this portfolio involve current dividend yield, historical dividend growth, and the sustainability and consistency of each security s dividend payout ratio. From these factors we derive an intrinsic value ( fair value ) for each security. We aim to purchase each security well below its fair value and hold until it reaches fair value. Portfolio turnover is fairly modest. Due to the nature of the selection process, portfolio holdings tend to have a larger market capitalization and generally will represent most of the S&P 500 sectors. PRT Equity Strategy (All-Cap) Objective The objective of the PRT Strategy portfolio is to achieve above-average risk-adjusted returns by utilizing a systematic (rules-based) investment process. This portfolio typically consists of 12 40 domestically traded securities, although the portfolio has held as many as 80 positions. Companies in this portfolio tend to be smaller to medium in terms of market capitalization (market cap range from $200 million to 10 billion). This portfolio is actively managed; turnover is higher, and thus, this portfolio can experience more volatility. With frequent rebalancing, it is unlikely that gains on individual stocks will qualify for long-term capital gains treatment. This style is most suited for investors who are comfortable with potentially larger swings in the value of their portfolio. Key Facts Asset Class/Market Cap: Equities/All-Cap Geographic Exposure: United States 6 MORGAN STANLEY
Investment Strategy Our All-Cap PRT Strategy portfolio is focused on adhering to a rulesbased proprietary investment model. As a rules-based program, investment decisions are executed according to a set of predefined criteria. These rules cover all aspects of the investment process: what to buy, when to buy, how much to buy, when to add to existing positions and when to sell. The PRT process involves the daily review of recently released company quarterly earnings reports. To qualify for purchase, each company must satisfy four specific investment criteria. The portfolio aims to profit off the inefficiencies of the stock market by purchasing companies that are experiencing strong earnings growth and have recently reported a positive quarterly earnings surprise. A disciplined risk management is employed. In theory, the risk management process is designed to protect profits, minimize losses and control portfolio volatility. Portfolio turnover tends to be more frequent with this strategy, so portfolio volatility could be greater during various market cycles. Additionally, due to the nature of the investment process, this portfolio may also maintain larger cash positions from time to time.
Portfolio Management and Strategies (continued) Multiple Asset Strategy (All-Cap) Objective The objective of our Multiple Asset Strategy is to achieve growth of capital through ownership of a diversified portfolio of mutual funds and EFTs. These funds are uniquely selected based on an individual Target Asset Allocation model. This strategy is most suitable for investors who desire a broad exposure to various asset classes. Key Facts Asset Class/Market Cap: All potential asset classes/all-cap Geographic Exposure: Global Investment Strategy The portfolios created by our Multiple Asset Strategy are unique for each client. We begin by asking detailed questions about your investment goals, time frames, preferences and comfort level with risk. Your answers will generate a customized proposal which will summarize a particular target asset allocation. This allocation will be reflective of your investment objectives and tolerance for risk and will also serve as a model when modifying or rebalancing your portfolio. Once the asset allocation has been determined, our team, with access to over 3,000 mutual funds and EFTs, will structure a diversified portfolio of funds for you according to your particular target asset allocation. All portfolios are monitored and rebalanced quarterly keeping your investment plan in line with the target allocations. 8 MORGAN STANLEY
Focus and Experience The goal of the Collins/ Savrann Group is to be your #1 Investment Advisor of Choice. Whether your investment goals require complex financial planning, lending/ financing concerns, or money management solutions, our Group is committed to serving your unique needs. This understanding, combined with the powerful global resources of Morgan Stanley, will lay the foundation for a lasting relationship. We sincerely appreciate the trust and confidence you have placed in us. Thank you for your consideration. Michael Collins 781-681-4972 Stephen Savrann 781-681-4974 10 MORGAN STANLEY
The PM Program was 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. S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market. An investment cannot be made directly in a market index. 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 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. 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 www.morganstanley.com/adv 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. 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 Smith Barney LLC 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 investors individual circumstances and objectives. 2014 Morgan Stanley Smith Barney LLC. Member SIPC. 2328139 03/2014 CRC 874878