Philip F. Morrissey Portfolio Manager Senior Vice President Financial Advisor

Philip F. Morrissey Portfolio Manager Senior Vice President Financial Advisor

19495 BISCAYNE BLVD. PENTHOUSE AVENTURA, FL 33180 305-466-4807 / MAIN 800-736-4554 / TOLL-FREE 305-937-7136 / FAX Philip.Morrissey@morganstanleysmithbarney.com

Philip F. Morrissey Portfolio Manager Senior Vice President Financial Advisor 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 a Financial Advisor, I am committed to building a relationship of trust in which I 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, I hope you will come to regard me as a valued resource and a professional who can help you make a more informed decision on any financial issue. My most important goal: to help you achieve your objectives, providing guidance that helps your wealth do more for you. PHILIP F. MORRISSEY 3

My Background Philip F. Morrissey Portfolio Manager Senior Vice President Financial Advisor Mr. Morrissey s investment experience has spanned more than two decades with successful roles at Bank of America, SunTrust, and Morgan Keegan. His responsibilities have focused on constructing and managing individual portfolios for high net worth individuals, endowments, and foundations. Mr. Morrissey has spent his career working and investing in global markets. He is a creative thinker who understands what separates great businesses from the mediocre majority. His knowledge of different business environments enables him to provide comprehensive wealth management advice and services that help meet the unique needs and investment objectives of each individual client. He holds a B.S. Degree in Finance from Creighton University, and a Masters in Business Administration from Florida Atlantic University. In addition to his professional career, Mr. Morrissey spends a considerable amount of time volunteering for various charitable organizations. Currently, he is a board member for the Miami Lighthouse for the Blind, where he also chairs the audit committee. Additionally, he serves as a board member and finance committee chair for Douglas Gardens Community Mental Health Centers. Mr. Morrissey also sits on the board for the Emerald Society of South Florida, and he is a former board member for the Miami Analyst s Society. PHILIP F. MORRISSEY 5

Risk Management The ups and downs of the markets is just one kind of risk but so is not protecting my assets and my family. How do I protect what I care about most? Retirement When I retire, it will affect just about everything that matters: my lifestyle, my company, my family. Is there a way to plan for retirement that takes it all into account? Integrated Planning Decisions about both assets and liabilities need to be made in the framework of important life goals. What steps are also the most tax efficient? How can a strategic approach to banking and lending simplify my financial life and maximize the value of what I own? Education Funding Will I be able to pay for a good education for my children and my grandchildren? Business Strategies How do I manage my personal wealth with so much tied up in my company? Investment Management I have so many goals and priorities. How can one investment strategy balance them all? Liquidity I can predict some expenses, but others I know I can t. How can I plan to have the cash I need? You Benefit From a Profound Understanding of the Full Range of Wealth Management Needs Estate Planning Making sure my estate goes to the people and organizations I care about is a priority. How do I transform my assets into a legacy? Charitable Pursuits The charities I support are like extended family. How do I maximize the good I can accomplish?

A CULTURE of EXCELLENCE OVERTHEYEARS,YOUHAVEMADEMANYFINANCIALDECISIONS. ONEINPARTICULARISLIKELYTOHAVEALASTINGIMPACT ONYOURWELLBEINGANDTHATOFYOURFAMILY: THECHOICEOFAFINANCIALADVISOR. InvestorswhochooseMorganStanley SmithBarneyoftentellusthattheir reasoning is simple. They choose a Financial Advisor and a firm that mirrorsthevaluespropellingtheirown success: a commitment to perform at thehighestlevelfortheirclients,with no shortcuts, compromises or excuses. A STRONG, STEADY FORCE IN A CHANGING INDUSTRY CEO and senior team with deep wealth management experience 130 years of combined experience 900 global locations 18,000 financial advisors 7 million client accounts $1.5 trillion client assets UNPARALLELED EXPERIENCE. Drawingonmanyyearsofexperience,MorganStanleySmithBarney understandstheimportanceofshaping relationshipsthatreflectclientneeds, preferences and aspirations. OurfirmandFinancialAdvisorshave anin-depthunderstandingofvirtually all the challenges, goals, preferences, styles and strategies that distinguish wealthyinvestors.additionally,asatruly globalfinancialinstitution,wehavean equallyacuteknowledgeoffinancial opportunities and the potential risks. Thiscombinationpositionsusto develop,structureandexecutesolutions for your most important financial needs,fromaccumulatingwealthto investingforincome,fromsolidifyingretirementsecuritytodevisinga distributionapproachthatmeetsyour lifestyle and legacy goals. INVESTMENT INSIGHT WITHOUT LIMITS. Asaclient,youhaveaccess tothestrategicandtacticalviewsof someoftheworld smostseasonedand respected investment professionals. The members of our Global Investment Committeedevelopstrategiesthatguidethe managementofadvisoryaccountsand help to inform the decisions of clients across Morgan Stanley Smith Barney. Theteamiscurrentlysupported by the work of 350 analysts at two of the world s largest investment banks, MorganStanleyandCiti,whocoverkey geographicandeconomicsectors,aswell as 3,000 individual equity securities. You also benefit from a premier trading and execution platform. Think of our 225 capital markets professionals as experienced, highly responsive and knowledgeable partners. PERFORMANCETHATMEETSYOUR MEASURE. Among the most important skillsofourfinancialadvisorsisthe abilitytolisten:tothoroughlyunderstand your financial needs and then align the resourcestomeetthem.yourfinancial Advisorcanhelpyouevaluateimmediate concernsandplanforlong-termgoals, beasoundingboardforyourinvestmentideas,assistyouindevelopingand executingastrategythatisprecisely your own and help deliver performance resultsthatmeetyourneeds. YourFinancialAdvisorisyouradvocate withinourfirm,anintelligenteditorwho selectsandalignsthemanycapabilities ofmorganstanleysmithbarneyforyou, deliveringtherightresourcestoyouin thewaythatismostappropriateforhow youinvestandwhatyouwanttoachieve. ONE OF THE WORLD S STRONGEST INVEST- MENT ORGANIZATIONS STANDS BEHIND YOUR FINANCIAL ADVISOR Financial Advisors have access to top-flight research from both Morgan Stanley and Citi. Combined, they analyze and track the progress of more than 3,000 companies all over the world. Please read important disclosures on the back cover of this brochure MORGAN STANLEY SMITH BARNEY

Wisdom That Is Anything but Conventional The financial markets are dynamic and unpredictable. I work to counter that inherent uncertainty by taking a proactive, consultative approach rooted in a deep knowledge of your needs and dreams, risk tolerance and your time horizon. Drawing on my own insight, as well as Morgan Stanley Smith Barney s global research, I am able to make informed recommendations and design a flexible investment management plan that is uniquely yours. Investment Management Process 8 MORGAN STANLEY SMITH BARNEY

1 Establish goals, objectives and risk tolerance 4 Monitor progress and make necessary adjustments 2 Develop asset allocation strategy and investment strategy documents 3 Construct portfolio and execute investment strategy CRC#410879 617577 07/2012

Morgan Stanley Smith Barney strives to offer clients the finest in financial thinking, products and execution to help them meet their individual needs and achieve their personal financial goals. When we work together, you ll benefit from personalized advice, objective guidance and dedication to your success as an investor. With access to Morgan Stanley Smith Barney s renowned global resources and investment opportunities, we can help you develop and maintain an optimal investment strategy. Our wealth management strategy will address key areas of your financial life beyond traditional investments and may incorporate diverse recommendations for building and protecting your wealth. 10 MORGAN STANLEY SMITH BARNEY

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. 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 offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please contact us to understand these differences. Morgan Stanley Smith Barney has entered into arrangements with banks and other third parties to assist in offering certain bankingrelated products and services. Unless otherwise specifically disclosed to you in writing, investments and services offered through Morgan Stanley Smith Barney, member SIPC, are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, banks and involve investment risks, including possible loss of principal amount invested. Asset allocation and diversification do not guarantee a profit or protect against loss. Morgan Stanley Smith Barney LLC (Morgan Stanley Smith Barney) is a registered brokerdealer, not a bank. Where appropriate, 2012 Morgan Stanley Smith Barney LLC. Member SIPC. 617577 07/2012 CRC 511590