The Breakwater Group at Morgan Stanley Wealth Management

Transcription

1 Morgan Stanley The Breakwater Group at Morgan Stanley Wealth Management The Breakwater Group 100 Middle Street Portland, Maine Fax: morganstanley.com/fa/thebreakwatergroup

2 About Us We advise successful families, private businesses and non-profit organizations Managing wealth involves far more than managing an investment portfolio. It begins with developing a holistic, comprehensive understanding of who you are and the financial forces at work in your life. It means helping you understand and respond effectively to these forces. And, of course, it means helping you invest your assets in a way that reflects the realities of your life and the uniqueness of your long term goals. As s, we are committed to building a relationship of trust in which we can work closely with you to help you define your objectives, explore alternatives and choose the financial and investment strategies that are most appropriate for you. As our relationship evolves, we hope you will come to regard us as a valued resource professionals who can help you make a more informed decision on any financial issue. For Individuals & Families Achieving the financial well being you seek requires creating a thorough, integrated life plan and a clear asset management strategy. We begin each relationship by listening and learning about each client to fully understand their personal situation. Establishing a relationship built on trust is the foundation of our work together. For Private Businesses We are dedicated to helping owners and executive teams manage the multiple priorities of running a business today. Our background in private business allows us to efficiently serve asset management and planning needs for businesses today. This includes providing professional support to establish, grow and ultimately transition the business to future generations. For Organizations Today s institutional investors are confronted with the task of developing appropriate strategies and repeatable processes in a world on increasing complexity. Our team helps lead your organization through the planning and implementation work required to properly manage organizational assets.

3 Our Services Advanced Planning Comprehensive financial planning Retirement and education planning Estate planning support Long Term Care planning Insurance and liability analysis Strategic family business planning Non-profit Investment and Spending policy statements Asset Management Taxable investment strategies IRA and Roth IRA retirement accounts Alternative investments Trust account management Insurance and annuity services 529 account management Business 401(k) and executive level plan management Municipal and endowment account management Client Services Local branch and support services Scheduled, proactive communication Robust online access and trading Private banking access Currency exchange High School and College age financial education seminars Regularly scheduled client events and seminars Signature ready account paperwork Free parking in our Portland office We are a local team with global resources working for you

4 Our Consultative 5 Step Process Learn about you and what s important in your life Our work starts by listening to you so we can gain a complete understanding of your needs, hopes and desires. Confirm our understanding Because your needs are the foundation of our work together, we spend scheduled time with you to confirm that we ve understood your situation correctly Ongoing management and personalized service Execute action steps and implement the investment plan Develop a personalized plan We are dedicated to serving our clients. Quality service is an ongoing, everyday action woven into the fabric of our team. We believe you should always reach a member of our team when you call. We guide you in executing important elements of your plan and help manage your investments day to day. Backed by a defined process and internal discipline, we ensure each client is well served. We use our personal and firm based resources to develop a concise Life Map summary assessment and a comprehensive wealth management plan for each client we serve.

5 The 6 Pillars of a Comprehensive Wealth Management Plan Financial Liability Retirement Planning Family Planning Estate Planning Support Banking and Lending Access Life Goals Quality of Life Goal Statements Personal Values Goal Protection Life Insurance Review Retirement Plans 401(k) IRA s Beneficiary Reviews College Planning 529 Custodial Accounts Wills and POA Healthcare POA Durable POA Commercial Lending Access High Net Worth Personal Credit Asset Allocation Risk Tolerance Investing Style Time Horizon Income Protection Disability Insurance Social Security Benefit Planning Contingency Plans Child Living Expenses Special Needs Trusts Living Credit Shelter ILIT Securities Based Lending Access Margin Express Credit Portfolio Loan Investment Management Research Final Selection Rebalancing Liability Insurance Umbrella Coverage Healthcare Long Term Care Medicare Coverage Parents Living Expenses Housing Time Commitment Heirs Gifting Asset Titling Asset Transfer Tax Planning Taxable / Tax Free Year End Planning Business Owners Cross Purchase Key Man Insurance Business Owners Business Succession Executive Comp Defined Benefit Advisor Coordination CPA Attorney Charitable Giving Charitable Trusts Bequests

6 Our Investment Philosophy 1. Client Focused Objectives We invest each portfolio according to clear, written objectives we establish in our planning work with each client. 2. Investment Advisory Platform Our practice is built on a registered investment advisor, fee based account management platform with a legal fiduciary obligation to provide prudent investment advice to clients. We believe this model best aligns us with our client s best interests. 3. Global Asset Allocation We believe proper asset allocation is one of the most important factors in realizing investment returns. Our global asset allocation portfolios are built with the guidance of our Global Investment Committee (GIC) and are refined with our personal insight and opinion. (figure 1) figure 1. The MSCI ACWI (All CountryWorldIndex)Index is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets.(as of 6/2009) 4. Investment Research We use a formal, disciplined process and defined quantitative metrics to identify the most suitable investment in each asset class, and for the portfolio as a whole. We gain specific insight from our Consulting Group and our Global Capital Markets departments to find appropriate investments or proven investment managers. (figure 2) 5. Rebalancing Because markets change, we regularly rebalance accounts to retain the integrity of the initial portfolio allocations. Rebalancing occurs based on market conditions, established timelines or new guidance from the GIC. 6. Ongoing Investment Monitoring We review each investment in formal monthly meetings. The process and discipline of regular, formal reviews helps ensure we stay abreast of global issues that affect our client s portfolios. figure 2. Our investment screening process utilizes quantitative and qualitative research.

7 Meet The Professionals Photo to come Photo to come Albert E. (Ted) Gibbons JR. Senior VP Investments Bill Legge James M. Olson Financial Planning Specialist Gary R. Bergeron Financial Planning Specialist Kathleen Nugent Service Associate Ted started in the investment business at F.S. Mosley in After training in Boston for 9 months, he moved back to Maine to open a new office for the firm. In the 54 years since then, F.S. Mosley merged with various firms to become the modern Morgan Stanley. Ted is a 1958 Bowdoin alumnus. He has been active as a member of the Board of Overseers, President of the Bowdoin Alumni Association, a past President of the Bowdoin rowing Association and various other college groups. Ted is a member of the Portland Country Club, a past President of the Board of the Boys and Girls Club of Southern Maine, a former head of the investment committee of United Way of Greater Portland and has been involved with various other civic organizations. Ted has three grown children and 8 grandchilren. He lives with Candy, his wife of over 45 years, in Sarasota FL and Bridgton ME. Bill began his career in the Investment Service Department of Chase Manhattan Bank. After over a decade on Wall Street with stints as a portfolio manager, account executive and partner, Bill, his wife Gail, and four children moved to Maine. Shortly after, he became co-founder of Pointer Boats in Yarmouth. Returning to the investment business in 1984, he joined Ted Gibbons at Moseley Hallgarten, Estabrook & Weeden, which eventually lead to MSWM. Bill is a graduate Norwich University and attended NYU School of Finance. He is a past president of The Center for Grieving Children, a former Chairman of the Board at Maine Island Trail and a current board member of the Maine Lighthouse Corp. His hobbies are grandchildren and ham radio. James joined the firm in 2007 after a 17 year career in engineering and applied science in which he earned over 20 patents and authored numerous technical publications. He earned a BS in Physics from Bates College and an M.S. Materials Science at Worcester Polytechnic Institute. James utilizes his experience in the analysis of complex systems in his role directing the comprehensive planning, business owner liquidity planning, equity compensation and insurance efforts for the team. A former collegiate athlete and competitive cyclist, James continues to participate in a variety of sports. Other interests include art, music, poetry, short story writing, vintage automobiles. He lives in Yarmouth, Maine with his wife Erica, and their three children Hope, Brooke and Colter. Gary joined the firm in 2009 after 15 years at L.L. Bean Inc. as a Merchant, managing businesses with nearly $100 Million in revenues, and as a Strategic Planner for the $1.5 Billion company. He graduated from Colby College with a BS in Administrative Science (Business) and a minor in Economics. He was a scholar athlete, winning multiple academic awards and two NESCAC basketball championships. Gary uses his experience to direct the team s work with business owners, lead business development and oversee business strategy. Gary continues to be active in many outdoor activities with friends and family, is a Director of the Boys and Girls Club of Southern Maine and the Treasurer of the Yarmouth Education Foundation. He lives in Yarmouth, Maine with his wife Laura, and their two children Henry and Annie. Kathleen is a 2006 graduate of Bates College with a degree in Sociology. She has been with Morgan Stanley since 2007 and is an accomplished team assistant. She competed in Soccer and Track in college and remains active in many athletic activities today. She lives in Portland.

8 Diversification does not guarantee a profit or protect against a loss. Disclaimers 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 up on an investor s individual circumstances and objectives. Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Smith Barney Financial Advisors or Private Wealth 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. Portfolio Loan Accounts are provided by Morgan Stanley Bank, N.A. All credit facilities are subject to the underwriting standards and independent approval of Morgan Stanley Bank, N.A. Portfolio Loan Accounts may not be available in all locations. Rates, terms and programs are subject to change without notice. To be eligible for a Portfolio Loan Account, applicants must have a brokerage account at Morgan Stanley Smith Barney, which shall serve as collateral for the Portfolio Loan Account. The ongoing availability of a Portfolio Loan Account is contingent on the client maintaining sufficient eligible collateral. The proceeds from a Portfolio Loan Account may not be used to purchase, trade, or carry margin stock.. Tailored Lending is offered by Morgan Stanley Private Bank, National Association an affiliate of Morgan Stanley Smith Barney LLC. All Tailored Lending credit facilities are subject to the independent approval by Morgan Stanley Smith Barney Bank, National Association. Rates, terms and conditions are subject to change without notice. References to Tailored Lending herein, have been issued for marketing purposes only and should not be construed as a commitment to lend. Other restrictions may apply. Morgan Stanley Private Bank, National Association is an Sufficient collateral must be maintained to support your client s loan(s) and to take future advances. The client may have to deposit additional cash or marginable securities on short notice.. Some or all of your client s securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Morgan Stanley Smith Barney or its affiliates (the Firm) reserves the right not to fund any advance request due to insufficient collateral or for any other reason. The Firm can increase your client s collateral maintenance requirements at any time without notice Investment services are offered through Morgan Stanley Smith Barney LLC, member SIPC. Unless specifically disclosed in writing, investments and services offered through Morgan Stanley Smith Barney are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, the Bank and involve investment risks, including possible loss of principal amount invested. The MSCI ACWI (All Country World Index) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI consists of 45 country indices comprising 24 developed and 21 emerging market country indices. The developed market country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. The emerging market country indices included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russian, South Africa, Taiwan, Thailand, and Turkey as if Nat 30, Morgan Stanley Smith Barney LLC. Member SIPC The Breakwater Group 100 Middle Street Portland, Maine morganstanley.com/fa/thebreakwatergoup Ted Gibbons Senior VP Investments William Legge James Olson Financial Planning Specialist Gary Bergeron Financial Planning Specialist Kathleen Nugest Service Associate