Megan Schlaack Financial Advisor & Wealth Management Summer 2010 Megan Schlaack Financial Advisor
Megan Schlaack - Summary of Services Balance Sheet Management & Liquidity - Complex Financing Structures - Financing of Commercial and Residential Real Estate, Aircraft, Art, Restricted Stock - Interest Rate Risk Management - Customized Securities based lending Client Investment Management & Risk Control - Financial Planning & Sophisticated Analyses - Open Architecture - Alternatives Hedge Funds/Private Equity / Real Estate - Advice on concentrated and / or restricted stock holdings - Hedging and monetization strategies Generational Planning - Current Will and Trust Review - Estate Planning - Insurance - Philanthropic Gifting - Tax Planning Private Banking - Dedicated Private Banker - Cash Management - Concierge Services - Checking, Credit Cards, Bill Pay 2
Comprehensive Process for Life Planning Discovery: Identifying Your Values and Goals Monitoring: Ongoing Evaluation and Reporting Client Analysis and Recommendations: Building an Action Plan Implementation: Choosing Services and Providers 3
Our Team Our team is backed by a group of highly trained regional professionals who help provide specific knowledge regarding all aspects of your financial life. Client Megan Schlaack Financial Advisor Wealth Planning Center Estate & Insurance Strategies Banking & Lending Services Consulting Group, Asset Management Kevin Mirecki Regional Planning Director Seri Bryant Insurance & Estate Specialist Ness Okonkwo Private Banker Ryan Ward Regional Director Caesar Garvida, CFP, CIMA Planning Analyst Gil Lipaz Insurance Specialist Jeff Bonafe Associate Regional Director Helen Zhao, CPA, CFP Wealth Analyst 4
Biographies Megan Schlaack Financial Advisor Financial Planning Specialist Megan Schlaack brings a diverse range of professional experience to her role at Morgan Stanley Smith Barney. Megan graduated from USC film school and began her career on movie sets. She met a prominent talent agent on a film she was working on and he persuaded her to come and work with him at the William Morris Agency. Always a music enthusiast, Megan then moved into A&R at EMI Music working with artists such as Alicia Keys, Kelly Clarkson, Chris Cornell, Katy Perry, Beyonce and Kanye West. While at EMI, and always a step ahead of the public, Megan anticipated businesses moving heavily into the digital space. She wanted experience in the digital field so she decided to take a job in marketing at one of Rupert Murdoch's companies, the social networking site, MySpace. Megan grew up around finance and finally gave into her roots by joining Morgan Stanley Smith Barney in 2010. Megan's father has been in the investment business for 40 years; her older brother is a Wharton graduate and a Managing Director at Blackstone Group in New York City and her younger brother works in venture capital also in Los Angeles. Megan holds her Series 7, 63 and 65 securities licenses and the California Insurance License for Life, Health and Variable Insurance. When she is not in the office Megan enjoys spending time with her husband and two corgis in Hollywood, creative writing, going to shows and serving on the fundraising council at LACMA (Los Angeles County Museum of Art). 5
Biographies (continued) Kevin Mirecki, Regional Planning Director Kevin Mirecki comes to Morgan Stanley Smith Barney Wealth Advisory Resources as the Regional Planning Director of the Los Angeles Wealth Planning Center covering the Southern and Northern California Regions. Kevin has 20 years of experience as an attorney specializing in HNW client matters both domestically and internationally. He also was managing director of American & International Corporate Services, Ltd. with offices in Newport Beach, Miami and NY. Kevin's Professional Memberships include: International Tax Planning Association, London, England; American Bar Association; International Bar Association; American College of Trust and Estate Counsel Estate; Trust & Probate Section of the California State Bar; Estate Planning & Probate Law Section of the Orange County Bar Association. Kevin received his Bachelor of Science Degree in Investments from USC and his Doctorate in Law from Western State University. Kevin has written Legal Guidebooks on: Structures for Foreign Investment into the U.S.; U.S. Taxation of U.S. Taxpayers Engaged in Foreign Business Activities; U.S. Taxation of Resident Aliens, Nonresident Aliens and Foreign Corporations. He has had legal articles published in - Orange County Lawyer International Tax Planning Journal Kevin has taught the CLU and ChFC designation courses for the American College, Bryn Mawr, PA. Ceasar T. Garvida, CFP, CIMA, Planning Analyst Ceasar is an Assistant Vice President and Planning Analyst for the Morgan Stanley Smith Barney Los Angeles Divisional Planning Center. In his role as Planning Analyst, Ceasar provides for the full and timely completion of comprehensive Personal Wealth Analysis reports, covering areas such as cash flow modeling, asset allocation, asset protection, Monte Carlo analysis, philanthropic planning and wealth transfer strategies. Ceasar also works closely with Financial Advisors in helping them form a team of specialists which may include areas of expertise including, trust formation and administration, insurance, money management, alternative investments, hedging and monetization, and credit and lending. In addition, he assists Financial Advisors with key elements of the wealth planning process by answering inquiries related to discipline of wealth management and planning services offered at Morgan Stanley Smith Barney. He is also responsible for preparing monthly tracking reports at the request of the senior management. Ceasar also helps facilitate the presentation of Personal Wealth Analysis reports to clients. Ceasar brings over 10 years of experience working with high net worth clients, is a Certified Financial Planner CFP, Certified Investment Manager Analyst CIMA, obtained his Personal Financial Planner (PFP) designation from UCLA, also Series 7 and Series 66 licensed. Helen H. Zhao, CPA, CFP, Wealth Analyst Helen provides education to clients on a full range of income tax issues such as alternative minimum tax, taxation of various investments products and strategies, tax optimized diversification and liquidity strategies, charitable giving, etc. She is involved in business succession planning with a focus in tax efficient exit strategies for business owners. She also conducts equity compensation analysis for corporate executives that include analyzing the value, risk and reward of stock options, recommending exercising and sale strategies, and computing the tax and cash flow implications. Prior to joining MSSB and its predecessor firms in January 2007, Helen worked at public accounting for eight years with firms such as Deloitte Tax LLP, Ernst & Young LLP and local CPA firms, concentrating in serving high net worth individual clients on income, gift and estate tax issues. She also had extensive dealings with income taxation of business entities such as Partnerships, LLCs, S and C Corporations. Helen, a member of AICPA, has been licensed in California as a Certified Public Accountant since 2001. She is a Certified Financial Planner, and Series 7 and 66 licensed as well. Helen holds an MBA from Pepperdine University in Malibu, CA, and a BS in Economics from Shanghai Institute of Foreign Trade in Shanghai, China. Born and raised up in Southern China, Helen is fluent in Mandarin Chinese. 6
Biographies (continued) Gil Lipaz, Senior Regional Specialist, TIME Financial Gil Lipaz serves as the lead Regional Specialist for the Insurance Group serving the Los Angeles region of Morgan Stanley Smith Barney. Gil specializes in the area of estate preservation and wealth transfer planning with an expertise in working with ultra-high net worth clients. He has focused in the area of multigenerational wealth transfer planning for over 12 years having consulted to the clients of legacy Smith Barney for the past three years and prior to that to the clients of legacy Morgan Stanley, UBS, RBCDain Rauscher, and Crowell, Weedon. Gil is a frequent lecturer to Financial Advisors and CPA s and teaches their continuing education courses. Gil is involved in every phase of the client process; he meets the clients with their Financial Advisor to get a full understanding of the clients goals and objectives; works with the clients advisors to understand their existing estate plan and to develop additional strategies; presents strategies to the clients and takes responsibility for implementation of solutions including coordinating with attorneys and CPA s as needed to complete the planning process. Solutions for the high net worth client may include the implementation of a variety of sophisticated trust structures, qualified plan designs, as well as insurance products. The process is only successful for the client if it is implemented so a major component of the services Gil provides is coordinating the implementation of proposed solutions so that the Financial Advisor is able to provide their high net worth client with a truly effective planning experience. Gil, a graduate of UCLA, holds the Series 7 and 63 securities licenses, the California Insurance License for Life, Health and Variable Insurance, and is a RIA. Seri Bryant, Insurance Planning Specialist, TIME Financial Seri Bryant specializes in providing comprehensive guidance in the areas of wealth transfer planning, business planning, and tax efficient retirement solutions for affluent clients of advisory firms. He has been extremely effective in guiding families through complex planning decisions and implementing custom tailored solutions based on each client s goals and desires. Drawing on his extensive experience and training, Seri takes a consultative and conversational approach to fully understand each client s goals and objectives while also providing a thorough review of any existing planning to identify gaps and inefficiencies. Seri works collaboratively with clients and their other professional advisors to insure that each planning device presented will be effective as well as manageable once initiated. Seri was a club level producer at his previous firm and is highly regarded by his peers at TIME. He is a frequent speaker in the financial services community and is qualified to offer continuing education to CPA s, attorneys and advisors. Prior to joining the financial services industry Mr. Bryant worked in film and television post production. Seri Bryant attended Salisbury University and is currently preparing to take the CFP exam. 7
Biographies (continued) Ness Okonkwo, Vice President, Private Banking Ness Okonkwo is a Vice President in Morgan Stanley Commercial Financial Services where she recommends and provides private banking products to MSSB clients. Her previous professional experiences include positions in private banking, investment banking, commercial mortgagebacked securities and leveraged finance. Ness has a B.A. in International Economics from UCLA and an M.B.A from Harvard Business School. Ryan Ward, Regional Director, Consulting Group Ryan Ward is an Associate Regional Director with the Consulting Group at Morgan Stanley Smith Barney. The Consulting Group was founded in 1973 and is the nation s leading provider of investment consulting and wealth management services. As an Associate Regional Director, Ryan works directly with Financial Advisors and their clients in helping to develop and implement the CG 4-Step process. This process consists of setting client objectives, developing an appropriate asset allocation mix, conducting manager search and selection, and providing on-going portfolio review. Ryan is a graduate of the University of San Diego with a BBA Degree, emphasis in Marketing. Ryan began his career with Citi Smith Barney working in their Home Office in New York City. He has seven years of experience in the Financial Services industry. Ryan is series 7, 63, and 65 Licensed and is currently pursuing the California Life Accident and Health Insurance License. Jeff Bonafe, Associate Regional Director, Consulting Group Graduated Rutgers University with a degree in Finance. Worked as a Senior Regional Analyst for Consulting Group in Northern California for 2 years, served as Western Divisional Analyst for 1 year managing the analyst team and have recently been promoted to Associate Regional Director role covering the Los Angeles Metro region. 8
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 upon an investor's individual circumstances and objectives. An investment in alternative investments can be highly illiquid, is speculative and not suitable for all investors. Investing in alternative investments is only intended for experienced and sophisticated investors who are willing to bear the high economic risks associated with such an investment. Investors should carefully review and consider potential risks before investing. Some of these risks may include: loss of all or a substantial portion of the investment due to leveraging, shortselling, or other speculative practices; lack of liquidity in that there may be no secondary market for the fund and none is expected to develop; volatility of returns; restrictions on transferring interests; potential lack of diversification and resulting higher risk due to concentration of trading authority when a single advisor is utilized; absence of information regarding valuations and pricing; complex tax structures and delays in tax reporting; less regulation and higher fees than mutual funds; and manager risk. Individual funds will have specific risks related to their investment programs that will vary from fund to fund. Actual results may vary and past performance is no guarantee of future results. All commercial loans and lines are made by Citibank, N.A., equal opportunity lender. All credit products are subject to satisfaction of Citibank s underwriting guidelines and credit approval. Banking and credit products and services are provided by Citibank, N.A. (Member FDIC) and/or its banking or lending affiliates. Minimum balances and/or fees may apply to certain products see your banker for details. 9
Disclaimers Borrowing against securities may not be suitable for everyone. If the value of the securities should decline below a minimum level, you may be subject to a collateral call without specific advance notice, requiring you to deposit additional cash or securities. If you cannot do so, all or a portion of your collateral could be liquidated, and a potentially taxable event could result. You are not entitled to choose which securities are sold or any extension of time to meet a collateral call. A concentrated portfolio holding a single or a few securities may be subject to greater risk of a collateral call than a diversified portfolio; a diversified portfolio will tend to be less subject to a sharp decline resulting from the negative performance of a single security. Availability, qualifications, and other restrictions may vary by state. Ask your Financial Advisor for details. For clients whose account is carried by Morgan Stanley & Co. Incorporated, Morgan Stanley Smith Barney offers insurance products in conjunction with Morgan Stanley Insurance Services Inc. For clients whose account is carried by Citigroup Global Markets Inc., Morgan Stanley Smith Barney offers insurance products in conjunction with SBHU Life Agency, Inc. Since life insurance and long-term care insurance are medically underwritten, you should not cancel your current policy until your new policy is in force. Your actual premiums may vary from any initial quotation you receive. A change to your current policy may incur charges, fees and costs. A new policy may require a medical exam. Surrender charges may be imposed and the period of time for which the surrender charges apply may increase with a new policy. You should consult with your own tax advisors regarding your potential tax liability on surrenders. Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Smith Barney 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. 10