THE VECTOR GROUP at MORGAN STANLEY

Transcription

1 THE VECTOR GROUP at MORGAN STANLEY Morgan Stanley Smith Barney LLC Member SIPC 1

2 WE MAKE YOUR MONEY WORK SO YOU CAN MAKE THE WORLD WORK THE VECTOR GROUP at MORGAN STANLEY 1290 Avenue of Americas, 12th Floor, New York, NY

3 Vec tor (VEK-ter) n. magnitude and direction Miriam Webster Dictionary Our Mission: Our clients work with us because we understand them. Most of us have been leaders in other related fields before coming together as The Vector Group. Between us in our former roles, we ve structured over $9 billion in complex financing for public entities, we ve created proprietary trading products such as one of the country s first stripped bond programs, and we ve made several different successful exits from closely held companies. Our clients know that we ve been in their shoes and that everything we do is tailored to meet their needs. It s our job to simplify our clients lives with sophisticated, highly personalized solutions. We deliver results to them by striving to provide the best service with the most direct access to investment solutions. Our Focus & Strengths: TRANSPARENCY n We strive to help our clients to have complete visibility into all of their investments and how they work and related costs n Present a clear path and timeline of how the steps in the investment process work CONNECTIVITY n We make our entire network available for the use and benefit of our clients, as appropriate n Access to thought leaders and experts across a wide spectrum TRANSCENDENCE n Helping our clients to move beyond the numbers and determine what role they play in the investment process n Help connect life goals with investment targets 1

4 Magnitude & Direction A VECTOR IS BOTH A MAGNITUDE AND A DIRECTION. THE INVESTMENT SOLUTIONS WE CREATE FOR OUR CLIENTS REFLECT THE BROADEST SCOPE AND CLEAREST PATH TO THEIR GOALS. Portfolio Management, Investment Strategy Senior Portfolio Management Director, David Sherrill is credentialed to create bespoke investment portfolios for clients that are totally transparent. Executive Financial Planning, Global Investment Perspectives, Estate Planning Kamesh Nagarajan focuses on helping corporate executives with their overall wealth planning, including integrating corporate benefits and concentrated stock planning, as well as working with international citizens or residents who want to have a U.S.-based wealth management portfolio. Fixed Income Strategies, Bond Asset Allocation Models, Credit Strategies, Cash Management & Lending Solutions Michael Belsky s approach to bond portfolio structure involves yield-curve positioning as well as security selection. Alternative Investments, Managed Futures, Investment Analysis, Insurance Solutions, Impact Investing Our team monitors and analyzes a number of asset classes - such as private equity and venture capital funds, property investment funds and hedge funds which increasingly have components of sustainable and responsible investing (SRI). 2

5 Our Advice FINANCIAL ADVICE THAT GROWS WITH YOU We pride ourselves on our ability to create strategies to help meet immediate needs while also investing for the long term. It s our job to adjust with the changing needs of our clients as they progress through different stages in their financial lives. This is true for individuals, families, and institutions. WEALTH ACCUMULATION STAGE FOCUSES ON: n Investment strategies n Financial Planning n Tax Efficiency n Access to Lending Services WEALTH TRANSITION STAGE FOCUSES ON: n Business liquidation n Retirement Plans n Access to Investment Banking Services n Intergenerational transfers WEALTH DISTRIBUTION STAGE FOCUSES ON: n Endowment management n Planned giving strategies 3

6 Our Practice YOUR INVESTMENT PLAN IT S COMPREHENSIVE Together, we begin by: n Analyzing your financial situation, life goals and priorities n Discussing your investment philosophy and expectations n Considering life events that may impact your investment strategy n Defining your tolerance for risk and your income requirements IT S UNIQUELY TAILORED Next, we: n Determine an appropriate blend of asset classes for your portfolio n Position your portfolio for what we believe will be the highest performance within your risk tolerance n Consider the benefits of alternative investments IT S ADJUSTABLE On an ongoing basis, we: n Monitor the performance and composition of your portfolio n Provide you with comprehensive performance reviews n Adjust your portfolio to fit life changes as they occur 4

7 Our Process AN INVESTMENT MANAGEMENT PROCESS BASED ON OPEN ARCHITECTURE Portfolio Management U.S. & International Equities Capital Markets Client Financial Context Investment Banking Liaison M. David Sherrill Portfolio Management Fixed Income Research Coordination Access to Lending Services Michael J. Belsky Our Investment Approach Executive Financial Planning Global Investment Perspective Estate Planning Strategies Structured Products Kamesh Nagarajan Lindsey Paesano Chief Operating Officer Business Strategy Business Development Marketing 5

8 Our Credentials We have strategically built a deep bench of complementary advisory skills. Our professional investment credentials demonstrate a deep level of knowledge as well as the ability to coordinate efforts among other professionals. We have actively sought and achieved the following advanced credentials: CFA CHARTERED FINANCIAL ANALYST (M. David Sherrill) allows us to analyze investment opportunities for portfolio construction CMT CHARTERED MARKET TECHNICIAN (M. David Sherrill) allows us to makes tactical moves in the market based on technical analysis. FWA FAMILY WEALTH ADVISOR (Michael Belsky & Kamesh Nagarajan) allows us to have conversations about money, values and planning with family members ICA INTERNATIONAL CLIENT ADVISOR (M. David Sherrill & Kamesh Nagarajan) allows us to address the specialized investment requirements of non-us resident clients. Morgan Stanley has also designated us as Senior Portfolio Managers designations that are bestowed on a few select managers with the credentials and historical record of constructing portfolios to help meet client needs. OUR CLIENTS COUNT ON US TO GO ABOVE AND BEYOND THEIR EXPECTATIONS TO ACCOMMODATE THEIR NEEDS. THE DEPTH OF OUR TEAM MEANS THAT OUR SERVICE IS SPECIFIC TO OUR CLIENT S ISSUES. 6

9 Building a Legacy Our group understands that an inheritance has helped a significant share of high net worth investors achieve their wealth. We help our clients address how they want their wealth handled well into the future. This may include maximizing wealth transfer between generations; leaving a philanthropic legacy through a charitable annuity, charitable trust or foundation; or working to ensure their heirs have the resources they need. Our advice extends far beyond helping our clients and their families just manage financial assets. Many of our clients want to make a difference in their community and in our world. Beyond money management, we act as philanthropic advisors, working with our clients to prioritize their causes and create a philanthropic plan that supports their goals. Generational Wealth The Vector Group is a multi-generational team of financial professionals who understand how to serve our multi-generational client families. We know from experience that different generations have different approaches to investing: some clients through shorter-term desires, others by lasting impact from investment. Our long history of working with wealthy clients allows us to easily engage with and advise families about their plans for transitioning generational wealth. 7

10 Our Team: MEET OUR TEAM We are a team, which means we act in concert with each other, while drawing on our individual strengths and knowledge assets. The result is a cohesive and coherent effort that really proves that the whole we offer to our clients is greater than the sum of our parts. 8

11 Financial Advisor M. David Sherrill, CFA, CMT Managing Director Senior Portfolio Management Director International Client Advisor (ICA) Financial Advisor David Sherrill s Wall Street career started in 1984 at a predecessor firm to Morgan Stanley Smith, Barney, Harris, Upham and Co., Inc. His work in the investment banking world included structuring over $6 billion in complex financing for public entities in the airline and resource recovery industries. Specific projects included portfolio protection strategies for institutional investors during the infancy of this field. FOCUS: Portfolio Management U.S. & International Equities Capital Markets Foundations & Endowments In 1988, Mr. Sherrill joined Shearson Lehman Brothers (another predecessor firm) to start a financial advisory business. Today his clientele includes individuals, family trusts, charitable institutions, corporate entities and foundations. As one of the founding members of The Vector Group at Morgan Stanley, his focus includes financial planning, portfolio management, equity investing, risk assessment and alternative investments. Mr. Sherrill is a CFA Charterholder and has the designation of Chartered Market Technician (CMT ). With these advanced credentials, he analyzes investment opportunities for portfolio construction including strategic and tactical moves. His education includes a B.S. in mathematics from the University of California, Berkeley. His passions include his family, music, history, backgammon and wine. He is very active in philanthropic pursuits including those aiding children in need, journalism and the arts. He has served on several eleemosynary boards including the New York Society for the Prevention of Cruelty to Children, the New England Historic Genealogic Society and the California Jazz Conservancy. Mr. Sherrill has been a guest speaker on Bloomberg Rewind and named to The Financial Times Top 400 Financial Advisors in tel: (212) M.David.Sherrill@morganstanley.com Technical analysis is the study of past price and volume trends of a security in an attempt to predict the security s future price and volume trends. Its limitations include but are not limited to: the lack of fundamental analysis of a security s financial condition, lack of analysis of macro economic trend forecasts, the bias of the technician s view and the possibility that past participants were not entirely rational in their past purchases or sales of the security being analyzed. Investors using technical analysis should consider these limitations prior to making an investment decision. Source: The Financial Times Top 400 Financial Advisors, April, Criteria are based, in part, upon data gathered from and verified by Morgan Stanley as well as qualitative and quantitative criteria, including but not limited to, assets under management, asset growth, compliance records, and experience. Morgan Stanley Financial Advisors were nominated by Morgan Stanley. The rating may not be representative of any one client s experience and is not indicative of the Financial Advisor s future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors pays a fee to The Financial Times in exchange for the rating. 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. 9

12 Financial Advisor Kamesh Nagarajan Senior Vice President Senior Portfolio Management Director International Client Advisor (ICA) Family Wealth Advisor Financial Advisor FOCUS: Executive Financial Planning Global Investment Perspective Estate Planning Strategies Kamesh Nagarajan is a Senior Vice President and Senior Portfolio Management Director at Morgan Stanley with over 18 years of experience. He focuses on helping corporate executives with their overall wealth planning, including integrating corporate benefits and concentrated stock planning, and in advising physicians and entrepreneurs on holistic wealth management issues. He is also an International Client Advisor (ICA), working with Indian citizens and/or residents who want their wealth management portfolio based in the United States. Mr. Nagarajan holds a Bachelor of Arts degree in Economics from Vassar College and a Juris Doctor with honors from Syracuse University College of Law. He is a national speaker on various financial topics and has written many finance articles for various publications. In addition, he has appeared on CNBC, Fox Business News, CBS and Forbes.com as an expert on various financial topics. Mr. Nagarajan is the President of Ascend-NY and a Charter Member of The Indus Entrepreneurs (TIE-NY). He is actively involved with Lend-A-Hand India and the American India Foundation (AIF). Mr. Nagarajan is also active with The Columbia Business School Eugene Lang Entrepreneur Center having served as a sounding Board mentor and as a mentor in The Columbia Mentorship Program for Entrepreneurs (CMPE) since In 1997, Mr. Nagarajan served as the Vice Chairman of the India Community Center of Rochester. He also served on the Board of Directors of the Rochester Area Community Foundation. In 2006, Mr. Nagarajan was a founding member of DIAL (Development of Indo-American Leaders) and a previous Vice Chairman of the India Community Center of Rochester. In 2010, Mr. Nagarajan was honored by Ascend at their national gala with their High Impact Leaders Award for professional accomplishments and for positive impact and contributions to the Asian American Community. At Morgan Stanley, Mr. Nagarajan is a member of The Morgan Stanley President s Club (2015, 2016) for top advisors at the firm. Mr. Nagarajan was also a panelist at the 2013 Barron s Top Advisor Diversity Summit. Mr. Nagarajan resides in Manhattan with his wife, Ami, and their eight-year-old twins, Anya and Prem. tel: (212) Kamesh.Nagarajan@morganstanley.com 10

13 Financial Advisor Michael J. Belsky Senior Vice President Senior Portfolio Management Director Family Wealth Advisor Financial Advisor For the past 35 years, Michael Belsky has aimed to limit volatility for his clients in the financial services industry. He has extensive experience in fixed income with a focus on bond asset allocation models and credit strategies. FOCUS: Portfolio Management Fixed Income Research Coordination Portfolio Risk Mitigation Prior to joining Morgan Stanley in 2008, Mr. Belsky served as Associate Director with Bear, Stearns & Co. Inc. and Senior Vice President at PNC Bank, which he joined in Previously, he was a co-founder and senior partner at Atlantic Group Securities, where he worked from 1984 to 1999, and was responsible for the firm s government trading desk as well as the structuring, funding and placement of debt issues throughout the United States. Mr. Belsky helped structure proprietary trading products such as one of the country s first stripped bond programs as well as put features for local banks municipal portfolios. Additionally, his responsibilities included management and development of bond portfolios for the firm s clients. As a founding member of The Vector Group, Mr. Belsky s clients rely on his experience in the fixed income world to unearth value in debt securities. Mr. Belsky has developed a unique approach to bond portfolio structure that involves target-duration as well as yield-curve positioning and is often called to speak about management and income strategies. Mr. Belsky received a B.S.B.A. from the University of Denver and actively mentors recent graduates on various business skills. He has a passion for children s causes and has three adult children. tel: (212) Michael.Belsky@morganstanley.com 11

14 Financial Advisor Associate Martin Kirschner Vice President Financial Advisor FOCUS: Municipal & Corporate Bond Investment Strategies Portfolio Allocation Mr. Kirschner has been a Financial Advisor on Wall Street for over 35 years. When asked what has been the basis of his various successes, Mr. Kirschner replied, Listening, it all starts with listening. Before working in the financial services industry, Mr. Kirschner was a special needs teacher in the New York City school system and taught English as a second language. Mr. Kirschner s career included the position of President of a large regional retail chain for trade-specific garments servicing the health care industry and utilized by hospitals and municipalities. Whether listening to his students, retail customers, employees or his varied wealthy client base, he has the ability to listen, develop a plan and then execute the plan. Mr. Kirschner focuses on municipal and corporate bond investments and portfolio allocation. He brings to the team perspective and investment acumen amassed through his lengthy career. Currently he is engaged in philanthropic endeavors, sports activities and running after his 3 grandkids. tel: (212) martin.kirschner@morganstanley.com 12

15 Financial Advisor Associate Daniel Sheldon Financial Advisor Daniel Sheldon joined Morgan Stanley in 2015 after graduating cum laude from Marist College receiving a Bachelor of Science degree in Business Administration with concentrations in Finance and International Business as well as a Bachelor of Arts degree in Economics. His primary responsibilities with The Vector Group at Morgan Stanley include trade execution, market research, and portfolio analysis. During his tenure at Marist College, Mr. Sheldon played Division I baseball while also participating in the school s Investment Practicum program, actively managing a portion of the institution s endowment. He was elected as President and Lead Economist of the school s Equity Fund as a junior and transitioned into the same roles of the college s Fixed Income Fund the following year. Additionally, he was elected President of Marist College s Investment Club, a title he held throughout his senior semesters. Mr. Sheldon is registered with the Financial Industry Regulatory Authority (FINRA) holdings his Series 7 and Series 66 licenses. tel: (212) Daniel.Sheldon@morganstanley.com 13

16 Financial Advisor Associate Julie M O Meara Wealth Advisory Associate Julie O Meara joined The Vector Group in January of Her primary responsibility is leading the client Financial Planning initiatives. Additionally, she assists with portfolio management and new business development. Prior to joining The Vector Group, Julie worked as a business analyst in Morgan Stanley s Strategy & Advisory Solutions Division, where she conducted quantitative and qualitative research on the firm s Financial Advisors to establish key strategies and models pertaining to practice management. Julie joined Morgan Stanley after receiving a Bachelor of Business Administration degree as a double major in Finance & Economics from The University of North Florida in July of She moved to New York in August 2015 and joined Morgan Stanley in September of While at UNF, Julie was a member of The Finance & Investing Society, served as the Vice President of The UNF Student FPA Society, served as the Vice President of Students for the American Association of University Women (AAUW), and served as the Vice President of Recruitment for her sorority Alpha Chi Omega. Julie resides on the Upper East Side of Manhattan and her passions include family, distance running, yoga, reading, and the arts. tel: (212) Julie.OMeara@morganstanley.com 14

17 Support Staff Lindsey A. Paesano Business Development Associate Financial Planning Associate Lindsey Paesano joined Morgan Stanley in 2011, having worked in the financial services industry since 2009 and now functions as The Vector Group s Business Development Associate. Her responsibilities include developing strategies to further enhance client relationships and implementing new policies to help the team gain exposure and expand business capabilities. She participates in the team s overall marketing strategies, and manages the team s client communication efforts. Ms. Paesano is also responsible for maintaining the team s website and social media presence. Instrumental in the daily operations and management of The Vector Group, Ms. Paesano serves at the team s COO. She is responsible for ensuring business operations are efficient and effective, developing and executing strategic business plans, relationship management, strengthening firm relationships, and newsletter implementation. Prior to joining The Vector Group, Ms. Paesano helped run a nine member wealth management team at Morgan Stanley. She worked collaboratively with the team s Financial Advisors to provide the highest quality of individualized service to key clients. Her responsibilities included managing trading platforms across a broad range of securities products, market research, portfolio analysis, and asset allocation. Ms. Paesano holds a Bachelor of Science degree in Business Administration with a major in Marketing from The Smeal College of Business at The Pennsylvania State University class of She is registered with FINRA and SEC with Series 7 and 66 registrations. tel: (212) Lindsey.Paesano@morganstanley.com 15

18 Support Staff Giselle Gigi B. Cantada Group Director Gigi is the Group Director with The Vector Group at Morgan Stanley. Her primary focus is on providing first-class client service and strategic operational and administrative support to the group s clients. She is the first point of contact for many client questions, and on a daily basis she opens and monitors new and managed accounts, handles administrative and operational matters, and executes buy and sell orders. Gigi began as a compliance analyst with Sherwood Securities/NDB Group in After five years, she moved to the institutional trading desk of Knight Capital Markets, where she provided settlement and liaison support for large fund companies and institutional clients. Gigi began working with David Sherrill in 2005 and became a key member of The Vector Group when it was established in Gigi is married and is the mother of four children and an English Bulldog named, Bubba. She lives in Hillsborough, NJ. tel: (212) Giselle.Cantada@morganstanley.com 16

19 Support Staff Jenna Trolson Senior Registered Associate Jenna Trolson is a Senior Registered Associate with The Vector Group at Morgan Stanley. Her primary responsibilities include providing support to clients including opening new accounts, handling disbursement requests as well as trade executions. She enjoys getting to know clients and helping them reach their goals. Ms. Trolson received a Bachelor of Arts with a major in English Literature from the University of California in Irvine. She is a native of Santa Barbara, California but loves all the opportunities New York City has to offer. In her free time she can usually be found exploring one of the city s many art museums or enjoying a performance of the New York City Ballet. She began working at Morgan Stanley in 2005 and is Series 7 and 66 Registered. tel: (212) Jenna.Trolson@morganstanley.com 17

20 Support Staff Evan Murphy Registered Service Associate Evan Murphy joined Morgan Stanley as a Client Service Associate in Prior to working at Morgan Stanley, Ms. Murphy worked as an analyst at an asset management and advisory firm based in White Plains, New York. Formed to advise sophisticated investors and insurance professionals on various life insurance based investment opportunities, Ms. Murphy excelled in client relations and streamlined the onboarding process for enhanced customer experience. Ms. Murphy has a B.S. in English with a minor in Communication from Fairfield University where she was also a member of their Division I Women s Soccer team. Ms. Murphy currently resides in New York and enjoys spending time with friends and family and participating in recreational sports. tel: (212) Evan.Murphy@morganstanley.com 18

21 THE VECTOR GROUP at MORGAN STANLEY 1290 Avenue of Americas, 12th Floor New York, NY tel: (212) toll-free: (800) fax: (212) DISCLOSURES: 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, short-selling, 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. 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. 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 insurance products in conjunction with its licensed insurance agency affiliates. Source: The Financial Times Top 400 Financial Advisors is an independent listing produced by the Financial Times (March, 2014). The FT 400 is based in large part on data gathered from and verified by broker-dealer home offices, and, as identified by the FT, reflected each advisor s performance in six primary areas, including assets under management, asset growth, compliance record, experience, credentials and accessibility. The rating may not be representative of any one client s experience and is not indicative of the Financial Advisor s future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors pays a fee to The Financial Times in exchange for the rating. Residential mortgage loans/home equity lines of credit are offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. With the exception of the pledged-asset feature, an investment relationship with Morgan Stanley Smith Barney LLC does not have to be established or maintained to obtain the residential mortgage products offered by Morgan Stanley Private Bank, National Association. All residential mortgage loans/home equity lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Rates, terms, and programs are subject to change without notice. Residential mortgage loans/home equity lines of credit may not be available in all states; not available in Guam, Puerto Rico and the U.S. Virgin Islands. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is an Equal Housing Lender and Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. Nationwide Mortgage Licensing System Unique Identifier # The proceeds from a residential mortgage loan (including draws and advances from a home equity line of credit) are not permitted to be used to purchase, trade or carry eligible margin stock; repay margin debt that was used to purchase, trade or carry margin stock; or to make payments on any amounts owed under the note, loan agreement, or loan security agreement; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account. Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services. Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED MAY LOSE VALUE NOT BANK GUARANTEED NOT A BANK DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY Morgan Stanley Smith Barney LLC. Member SIPC.

22 THE VECTOR GROUP at MORGAN STANLEY 1290 Avenue of Americas, 12th Floor New York, NY