C LIE N T U NIV E RSIT Y

Transcription

1 C LIE N T U NIV E RSIT Y The Hanover Group at Morgan Stanley *Client University is not an educational institution.

2 YOU ARE INVITED... The Hanover Group at Morgan Stanley would like to invite you to our third annual Client University. features expert speakers of local and regional prominence who will impart valuable information on current events and circumstances in our world, centering around, but not limited to finance. This year s curriculum includes discussion of current global and national equity and fixed income topics, trends in local and national real estate markets, long-term care options, and lastly, how functional medicine can enhance our health and wellbeing as we age. Please join us on Saturday, October 5th at the Courtyard Marriott at 10 Morgan Drive in Lebanon, New Hampshire. Complimentary on-site parking will be available. Registration begins at 8:15 a.m. followed by a continental breakfast. The program will start promptly at 8:50 a.m. with the event concluding at approximately 1:30 p.m. Lunch will be provided. This event is free, and Guests are welcome. We extend our gratitude to Calamos Investments, Nuveen Investments, and The Vanguard Group for their sponsorship of this event. The agenda for the event is as follows: 8:15 AM 8:50 AM Breakfast Registration 8:50 AM 9:00 AM Welcome to Client University The Hanover Group at Morgan Stanley 9:00 AM 9:50 AM 10:00 AM 10:50 AM Investing in the Current Environment Trends in Local & National Real Estate Markets Michael S. Davern, Nuveen Investments David W. Nelson, Calamos Investments David L. Wilson, Jr., The Vanguard Group Richard Higgerson, Lang McLaughry Spera John H. Vogel, Jr., Tuck School of Business 11:00 AM 11:50 AM Your Options in Long-Term Care Cathleen Toomey, RiverWoods at Exeter Justine Vogel, RiverWoods at Exeter 12:00 PM 1:30 PM Lunch Well-Preserved: How Functional Medicine can Enhance our Wellbeing as We Age Dr. Robyn W. Jacobs, Hygeia: Optimal Health Through Functional Medicine Please RSVP by Monday, September 30th to Jacqueline Hill, Registered Marketing Associate (603) Jacqueline.Hill@MS.com

3 YOUR HOSTS FOR THE DAY THE HANOVER GROUP at MORGAN STANLEY provides comprehensive wealth management and institutional consulting services to individuals, families, corporate retirement plans, institutions, and endowments. We seek to build a long-term, consultative relationship with you based on trust, professional knowledge, frequent communication, and prompt personal service. Left to right: Peter Stern, Jacqueline Hill, John Souther, Brenna Houlihan (Senior Registered Associate), Mark Severs Mark B. Severs, CFP, Family Wealth Director, Senior Vice President Wealth Management, Senior Investment Management Consultant, Financial Advisor Mark is the founding Partner of The Hanover Group. His primary focus is advanced financial planning for families and fiduciary consulting for stewards of investment assets. He helps clients identify, articulate, and prioritize their financial goals and formulate and manage a plan to help them achieve their goals. Mark has been advising families and institutions at Morgan Stanley and predecessor firms since He is a CERTIFIED FINANCIAL PLANNER, and holds the Accredited Investment Fiduciary designation. He was a practicing attorney at law for 15 years prior to joining the firm. Mark is a member of the Financial Planning Association, the Investment Management Consultant s Association, and the Association of Professional Investment Consultants. Peter A. Stern, CRPS, Vice President Wealth Management, Investment Management Consultant, Financial Advisor Peter is a Partner of The Hanover Group, focusing on advanced financial planning for families and institutional consulting to retirement plan sponsors. He helps retirement plan sponsors understand and manage their fiduciary responsibilities to retirement plan participants. Peter holds the Chartered Retirement Plans Specialist designation and has been advising clients at Morgan Stanley and predecessor firms since Prior to joining Morgan Stanley he spent many years in the financial services industry, including experience as an investment banker at JPMorgan Chase, Paine Webber, and Swiss Bank Corporation. He is a member of the Association of Professional Investment Consultants, The Howe Library Corporation and Upper Valley Hostel Corporation. John T. Souther, CFA, CFP, Investment Management Consultant, Financial Advisor John is a Partner in The Hanover Group where his areas of focus are advanced financial planning for families and institutional consulting to foundations and endowments. He leads the team s asset allocation and investment manager due diligence efforts and is responsible for analyzing complex issues, such as restricted stock liquidations and stock option compensation. His prior experience includes economic and private equity research. John is a CERTIFIED FINANCIAL PLANNER and holds the Chartered Financial Analyst and Accredited Investment Fiduciary designations. John has been advising investors since John is a member of the CFA Institute, the Boston Security Analysts Society, the Financial Planning Association, and the Association of Professional Investment Consultants. He serves on the Board of the Friends of Norris Cotton Cancer Center.

4 CORE CURRICULUM CLIEN T U NIVERSIT Y 9:00 AM - 9:50 AM Investing in the Current Environment Michael S. Davern, CFA, Senior Vice President Nuveen Investments David L. Wilson, Jr., CFA, Senior Investment Analyst The Vanguard Group, Inc. David Nelson, Vice President, Divisional Director Calamos Asset Management Moderated by John Souther, CFA, CFP Our panel will discuss the current economic and investment environment with special consideration of recent events. Current government and central bank policies and the potential impact on markets and investment decisions will also be reviewed. Three perspectives will be shared- fixed income & municipal bonds, equities, and an overview of the economy as a whole. 10:00 AM - 10:50 AM Trends in Local and National Real Estate Markets Richard Higgerson, Regional Sales Manager, Licensed Broker Lang McLaughry Spera Real Estate John H. Vogel, Jr., Professor, Tuck School of Business at Dartmouth Moderated by: Peter A. Stern, CRPS The real estate market may not be as reactionary as time-sensitive stocks and bonds, but it certainly is a cyclical industry, and can be just as volatile. The reasons for success in this market may surprise you. Our panel discusses the ups and downs of the real estate market, with references to historical events and resulting market activity. 11:00 AM - 11:50 AM Your Options in Long-Term Care Justine Vogel, CPA, President and CEO Cathleen Toomey, Vice President of Marketing, RiverWoods at Exeter Moderated by: Mark B. Severs, CFP By the year 2030, 70 million Americans will be 65 years or older, making up 20% of the nation s population 1. The future of many of these individuals will rely on in-home care or facilities that offer assisted living and managed care. Options and opportunities will be discussed by our practicing experts, with an opportunity for a Q&A after the discussion. 1 Senior Living University - Industry Statistics :00 PM - 1:30 PM Well Preserved: How Functional Medicine can Enhance our Wellbeing Lunch Served as We Age Dr. Robyn Jacobs, Hygeia During her years of practice, Dr. Jacobs recognized that the medical model of naming diseases and prescribing drugs for them did not seem to truly heal her patients. Her expertise in the field of functional medicine- an approach incorporating an individual s unique physiology and the role that environmental exposures play- will be shared with the audience, with an emphasis on well-being in the Golden Years.

5 SPEAKERS C LIEN T U NIVERSIT Y Michael S. Davern, CFA Senior Vice President, Client Portfolio Manager, Nuveen Investments Mr. Davern serves as one of Nuveen s chief spokesmen for municipal bond investments, bringing a unique perspective as a long-time manager of municipal bond investments. With more than 23 years of investment experience, he began his municipal bond career at Fuji Bank, and then Van Kampen Merrit as a senior credit analyst. He joined Nuveen as the head of Credit Research of Flagship Resources in Mr. Davern earned his undergraduate degree from Illinois Benedictine University and his master s degree in Finance from the University of Illinois. He is a member of the Chicago Municipal Analysts Society and the CFA Institute. Richard Higgerson Regional Sales Manager, Licensed Broker, Lang McLaughry Spera Real Estate Mr. Higgerson is a Certified Residential Specialist (CRS), a Certified Buyer s Representative (CBR), and an Accredited Buyer s Representative (ABR), and also holds the National Association of REALTORS e-pro certification. After passing the Vermont Salesperson s Examination in 1996, Mr. Higgerson served as the President and Managing Partner of Macallan Properties, Ltd., from 1995 to He joined McLaughry Real Estate (now Lang McLaughry Spera Real Estate) in May of With his comprehensive experience in real estate and small business management, and an intimate knowledge of the Upper Valley region, Mr. Higgerson works to help both buyers and sellers of Vermont & New Hampshire property achieve their real estate goals. Dr. Robyn Jacobs Practitioner and Proprietor, Hygeia: Optimal Health Through Functional Medicine Dr. Robyn Jacobs received her medical degree from Dartmouth Medical School and completed an OB/Gyn residency at Bethesda Naval Hospital. After practicing standard OB/Gyn for 10 years she began studying Functional Medicine, which is a holistic approach to the treatment of complex chronic illness. She currently practices functional medicine and women s health through her practice, Hygeia: Optimal Health through Functional Medicine in Lebanon, New Hampshire. David W. Nelson, CAIA, CIMC, CIMA Vice President, Divisional Director - East Division, Calamos Investments Mr. Nelson is a Vice President/Divisional Director for Calamos Investments and is responsible for overseeing the East Division. In this capacity, he is responsible for the firm s wholesale distribution of mutual funds and separately managed accounts. He joined Calamos in 2010 from Frontier Asset Management, LLC, bringing over 20 years of experience in the financial services industry. Mr. Nelson earned a B.A. (cum laude) and an M.B.A. from the University of Denver and holds Series 7, 24, 27 and 63 licenses. In addition, he is a published author on business development and practice management, and holds the Chartered Alternative Investment Analyst, Certified Investment Management Consultant, and Certified Investment Management Analyst designations.

6 SPEAKERS (Continued) C LIEN T U NIVERSIT Y Cathleen Toomey Vice President of Marketing, RiverWoods at Exeter Cathleen has more than 30 years of experience in marketing, advertising and public relations, building brands for consumer products such as Timberland and Stonyfield Farm as well as for non-profit higher education institutions such as Babson College, Bentley University, and the University of New Hampshire. A graduate of Fordham University (M.A.) and Fairfield University (B.A.), Cathleen began her career in ad agency work in New York City, and continued in the same field later in Boston. She has directed the sales and marketing efforts of RiverWoods for the past six years, and her team launched and filled a brand-new campus ahead of schedule. John H. Vogel, Jr. Professor, Tuck School of Business, Dartmouth College Professor Vogel has been a member of the faculty at the Tuck School of Business at Dartmouth since He currently teaches Real Estate and Entrepreneurship in the Social Sector. The Business Week Guide to Business Schools named him as one of Tuck s Outstanding Faculty members. In addition to Tuck, Professor Vogel has also been a member of the faculty at the Harvard Business School, the Harvard Graduate School of Design, and the Yale School of Management. He has an extensive consulting practice, and has provided consulting and training programs to the Bank of America, CB Richard Ellis, Citibank, General Electric, the City of Seattle, and the City of Boston. Professor Vogel has been involved in the real estate industry as a practitioner, consultant and professor for more than 30 years; he began his real estate career in 1982 as one of the founders of Copley Real Estate Advisors, which grew to be the third largest manager of real estate investments for pension funds in the United States. Justine Vogel, CPA President and CEO, RiverWoods at Exeter Ms. Vogel is a graduate of Rutgers University School of Business, and holds a B.S. in Accounting. Justine began her work at RiverWoods as part of the pre-opening team in June, Her tenure at RiverWoods began as the Director of Accounting, with growth into the role of CFO in 1997, COO in 2005, and President/CEO in Ms. Vogel s prior experience includes several years in auditing and financial analysis with Arthur Andersen & Co., Ernst & Young, and Chubb Life Insurance Company. Ms. Vogel is a certified public accountant in the state of New Jersey, and serves as a Trustee and Treasurer of the Board of Directors for Leading Age of Maine and New Hampshire. Ms. Vogel has lectured at the University of New Hampshire and is a frequent speaker at local, regional and national industry conferences on topics including strategic management, growth planning, cultural development and financial oversight. David L. Wilson, Jr., CFA Senior Investment Analyst, The Vanguard Group Mr. Wilson is a senior investment analyst in the Vanguard Portfolio Review Department. Prior to joining Vanguard in 2008, Mr. Wilson spent 12 years as a portfolio manager at Brown Brothers Harriman & Co. in Philadelphia. He was also previously the Chief Investment Officer at Laurentian Capital. Before that, he was a portfolio manager and analyst at Penn Mutual Life Insurance Co., Philadelphia Saving Fund Society, and First Pennsylvania Bank. Mr. Wilson is a CFA charterholder and is a member of the CFA Society of Pennsylvania. He earned a B.A. in History at Haverford College, and an M.B.A. in Finance from the Wharton School of Business at the University of Pennsylvania. He holds the FINRA Series 7 License.

7 DISCLOSURES Client University is not an Educational Institution. C LIEN T U NIVERSIT Y Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC, its affiliates and 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. Individuals are urged to consult their personal tax or legal advisors to understand the tax and related consequences of any actions or investments described herein. Diversification does not ensure against loss. Investments are subject to market fluctuation, investment risk and possible loss of principal. There may be additional risk associated with international investing, including foreign, economic, political, monetary and/or legal factors, changing currency exchange rates, foreign taxes, and differences in financial and accounting standards. These risks may be magnified in emerging markets. International investing may not be for everyone. Bond prices are sensitive to interest rate changes and a rise in interest rates will likely cause the prices of current bonds to decline. The views and opinions expressed are those of the speakers and do not necessarily represent those of Morgan Stanley. They are subject to change without notice. Opinions and forecasts of future events may not come to pass, and they cannot guarantee the future results of any security, market sectors, asset classes or investment funds. Past performance is no guarantee of future results. Consulting Group is a division of Morgan Stanley Smith Barney LLC. There will be no discussion of, or distribution of written materials relating to, specific products or investments at this presentation Morgan Stanley Smith Barney LLC. Member SPIC.