The Altieri Group at Morgan Stanley Smith Barney
As Financial Advisors, we have access to a platform of resources that enables us to select the products and services that match our clients diverse financial needs.
Our Mission Our business is built on a single mission: to focus on helping to manage our clients wealth and providing advice that they can trust. That way, they can spend their time doing what they truly enjoy. As experienced portfolio managers, our goal is to help build portfolios that reflect our clients objectives, lifestyle expectations, cash flow needs and desires for their family. Yes, we offer our clients a wide-ranging set of investment options. But, more importantly, we bring the experience to help our clients make sense of them all, the discipline to help them navigate challenging markets and the resources that address their financial needs. Our Vision At Morgan Stanley Smith Barney, we understand what s behind the money you ve earned: that s why all investment experience, capabilities and resources are focused on one objective to help you invest wisely. We offer our clients intelligent counsel based on our research, intellect and hard work. It s an approach that has helped our clients work toward their financial goals since Morgan Stanley Smith Barney was established over a century ago. All of us at the Altieri Group at Morgan Stanley Smith Barney will work together with other Morgan Stanley Smith Barney professionals to help our clients create the optimal portfolio while seeking to meet their specific financial needs. MORGAN STANLEY SMITH BARNEY/3
Meet the Professionals 4/MORGAN STANLEY SMITH BARNEY
RICHARD P. ALTIERI Director-Wealth Management Financial Planning Specialist Financial Advisor Richard P. Altieri is a Director Wealth Management at Morgan Stanley Smith Barney. He has been with the firm and its predecessors since 1988. Richard has been a member of the firm s Director s Council since 1995. In 2008 he was promoted to Director- Wealth Management. As of October 1, 2009, he manages over $485 million in assets for private investors and corporations. In 2005, Richard attained the Morgan Stanley Smith Barney s Financial Planning Specialist designation. The Altieri Group at Morgan Stanley Smith Barney s services over 1,100 clients throughout the world. Born and raised in Fairfield, Connecticut, Richard now lives with his wife and son in Deerfield Beach, Florida. He graduated from Florida Atlantic University in 1987 with a BS degree in Marketing. Richard s responsibilities to his clients include developing investment policies, selection of independent investment advisors, ongoing money manager due diligence, evaluating and monitoring portfolio performance within common stocks, municipal, corporate and government bonds, options and mutual funds as well as setting domestic and global equity/fixed income strategic-tactical asset allocation models. Our ultimate mission is to assist you in building the optimal portfolio from top to bottom. In 2009, Richard was named one of the Top 1000 Advisers by Barron s a state-by-state ranking of America s top financial advisers. In 2006, Richard was included in Research Magazine s The Winner s Circle which ranks the top Financial Advisors in America. This prestigious list by R.J. Shook recognized Financial Advisors for, among other things, professionalism, success and dedication to clients; something Richard has been doing for over 20 years. This commitment to helping people like you build your financial future starts with building a solid relationship. Which is why winning recognition is nice, but winning your trust means more. WILLIAM S. CALABRETTA Director Wealth Management Financial Planning Specialist William S. Calabretta is a Director Wealth Management, Financial Planning Specialist. He has been with the firm for the past 20 years. Bill attained the Morgan Stanley Smith Barney Financial Planning Specialist designation in 2005. In 2009 Bill was named in Barron s Top 1,000 Advisors in the nation. As of October 2009 Bill manages over $360 million for private investors with an emphasis on fixed income and managed money, focusing on trusts, endowments and wealth management for high-net-worth individuals. Born and raised in North Central West Virginia, Bill did his undergraduate work in Fairmont State University majoring in Finance. He resides in Delray Beach, Florida with his wife. Bill has his Series 7, 63, 24, Life Insurance and Annuities licenses, and currently conducts business both domestically and abroad. MORGAN STANLEY SMITH BARNEY/5
KAREN PEDERSEN Business Development Associate Financial Planning Associate LESLIE WATERS Senior Client Service Associate STEVEN SIEGEL Client Service Associate Karen has her Series 7 and 63 licenses and is able to receive order from clients as well as provide client services. She has been with Morgan Stanley Smith Barney or predecessor firms since 1987. In 2005, Karen attained the Morgan Stanley Smith Barney Financial Planning Associate designation. Born and raised in Freeport, Illinois, she has lived in Florida for over 30 years. She lives with her husband, Jim. JANET MUTO Business Development Associate Janet Muto joined Morgan Stanley Smith Barney in 2007. She started her career in the financial services industry on Wall Street in 1984. Her background includes mutual fund administration, institutional and retail trading and high net worth client servicing. Janet is Series 7 and 63 licensed and is able to take order from client as well as provide all aspects of client service. She relocated to South Florida in 2002 and currently resides in Boca Raton, Florida. Leslie Waters has been the Client Service Associate to William S. Calabretta for Eight years. She has been employed by Morgan Stanley Smith Barney for 15 years and has over 28 years of experience in the financial service industry. As a member of the Altieri Group at Morgan Stanley Smith Barney, Leslie has various responsibilities, but most importantly she provides client services and can assist with most of your operational requests. Leslie was born in West New York, New Jersey, but has resided in Hollywood, Florida for 39 years. She has two great kids Elizabeth is in college and Matthew just graduated high school. Steven Siegel joined Morgan Stanley Smith Barney in 2003, Born and raised in Albany, New York, Steven moved to South Florida in 1994 after attending the State University of New York, Canton. Steven has a strong background in business management, customer service and marketing. Steven provides the Altieri Group at Morgan Stanley Smith Barney and clients with administrative and operational support. He currently resides in Boynton Beach, Florida. *Barron s Top 1000 Advisers as identified by The Winner s Circle, LLC, bases its rankings on qualitative criteria: professionals with a minimum of 7 years financial services experience, acceptable compliance records, client retention reports, customer satisfaction, and more. With over 7,000 nominations compiled on an annual basis, advisors are quantitatively ranked based on varying types of revenues and assets advised by the financial professional, with weightings associated for each. Additional measures include: in-depth interviews and discussions with senior management, peers, and customers, and telephone-based and in-person interviews with the nominees. Because individual client portfolio performance varies and is typically unaudited, this ranking focuses on customer satisfaction and quality of advice. For more information on ranking methodology, go to www.wcorg.com. The rating may not be representative of any one client s experience because it reflects a sample of all of the experiences of the advisor s clients. The rating is not indicative of the advisor s future performance. Neither Morgan Stanley Smith Barney nor its financial advisors pay a fee to The Winner s Circle in exchange for the rating. Each advisor on this year s State-By-State Winner s Circle rankings were filtered down from a list of over 7,000 nominations from securities firms, banks, independent firms and more. The Winner s Circle team vetted each advisor through a host of quantitative and qualitative criteria, ranging from assets managed, revenue produced, experience levels, acceptable compliance records and U-4 forms, discussions with management and more. A diversity of advisors with focuses on retail, high-net worth were selected, as well as a range of markets within each region. Client portfolio performance is not a criterion. The Winner s Circle is a registered trademark of Shookbook, LLC. For more information about the Winner s Circle, visit www. winnerscirclenet.com Note (ranking criteria). 6/MORGAN STANLEY SMITH BARNEY
The Morgan Stanley Smith Barney Advantage Our approach is simple. We want to know as much as we can about our clients, so we re in the best possible position to help them. And that doesn t mean we just want to know about their finances. True, we have to understand what your assets and liabilities are, and how your portfolio is structured. But the more important information has to do with your goals for yourself and your family, your feelings about where you are and where you hope to be and, of course, your fears, and the things that might prevent you from getting what you want. Because everyone is different, we tailor our recommendations for each client s unique set of goals and challenges. Maybe you want to retire at 55 and start a new business. Maybe you want to be able to pay both college tuition for your child and nursing home care for your mother. Maybe you re in the middle of a divorce and you want to ensure your children s inheritance doesn t go to the future spouse of your ex. This in-depth knowledge of you, combined with our in-depth knowledge of planning and investing, will help us create strategies aimed at trying to achieve the things you really want. And we have the freedom and the good fortune to implement those strategies using the products, services and skills of a large financial services firm. It s time to throw out your notions of what you can talk about with us. We look forward to the conversation. MORGAN STANLEY SMITH BARNEY/7
The Way We Do Business We know how hard our clients work for their money, and why. They do it to build a meaningful life for themselves, their family and their community. We work just as hard to help them achieve that life. We are backed by years of experience helping clients manage their wealth and access the depth of resources that comes from being part of one of the world s largest financial firms. But before we develop any specific recommendations, we take the time to understand who you are as an individual and what you want to accomplish with your wealth and your life. We will work through the following process together: 8/MORGAN STANLEY SMITH BARNEY
1. SETTING YOUR FINANCIAL OBJECTIVES We ll begin our relationship by asking questions a lot of questions. Like what you want to do with your life, the things you want to have, and whether you d like to pass any of your wealth to others. We ll ask about your current financial resources, your time horizon for various goals, your tolerance for risk even how your liabilities are structured. If you re a business owner, we also might discuss your current banking and cash-management needs. 2. DEVELOPING YOUR WEALTH MANAGEMENT STRATEGY Based on your input, our recommendations will likely address income and retirement planning, asset protection, investment management, strategic borrowing, wealth transfer and business succession. Of course, your plan will include an asset allocation strategy designed to achieve a return in line with your risk tolerance and investment time horizon. 3. IMPLEMENTING YOUR PLAN After presenting you with a detailed strategy for your portfolio, we work closely with you to bring the elements to life. Should we decide that outside money managers are appropriate for you, we will rely on our research to select from the hundreds of investment-management firms competing for your business. Or perhaps you d prefer individual securities; if so, we can identify specific stocks, bonds and other securities that would be suitable for your portfolio. Whatever approach we decide on, we will help keep your portfolio on track. 4. REVIEWING YOUR PERFORMANCE When your personal situation or market conditions change significantly, we can recommend adjustments to your portfolio as necessary. Additionally, you will receive a comprehensive quarterly review that outlines your portfolio s performance and whether it is on track toward meeting expectations. Diversification does not guarantee a profit or protect against loss. MORGAN STANLEY SMITH BARNEY/9
Wealth Management Is Not Just About Finances We all have two futures the one that just happens, and the one we actively shape. The difference is wealth management. It s important to us to manage our clients wealth, not merely their investments. There s a big difference. By taking a wealth management approach, we can help you determine what s really important to you, then develop strategies to help you realize your most cherished hopes. We ll go beyond investment management to look at not just your assets but your liabilities too; not just your account statements but your will and estate plan; and not just the cost of your lifestyle but the risks to it as well. Your comprehensive wealth management plan can address: Income and cash flow: Knowing what you want your money to help you do, and with a similarly thorough understanding of your assets and liabilities, we will map out a course to help you achieve the income you ll need, when you need it. Borrowing: We believe that how you invest and how you borrow are inextricably linked both sides of one balance sheet, one plan. Borrowing strategically, for example, can help fund a large expense, or give you a safety net if you re faced with a surprise layoff or tax bill, so you can spend what you need to spend instead of spending what you need to invest. Asset protection: By understanding the lifestyle you enjoy, and the one you re building toward, we can see the threats against it taxes, inflation, volatility, creditors, lawsuits, identify theft, tragedy and help you deal with them using trusts, insurance, portfolio diversification and other strategies from the arsenal of the world s largest financial services firm. Wealth transfer: We work with you, as well as with your tax and legal experts, to determine how you live, what your lifestyle will require in cash flow, what you want to pass to the next generation and the causes you care about. The result is a comprehensive plan that includes recommendations on trusts and estate planning, charitable giving, business succession and funding for estate taxes. Investment management: We believe that your plan for your life is the most important part of investing. Based on your financial status today, we will calculate the returns necessary to achieve your target and craft an investment program designed to help you reach it. And we ll implement the plan using one of the most powerful and intelligent investment platforms in the world, one that includes extensive research on investments and managers, asset allocation advice, ongoing monitoring and performance reporting. Business strategies: If you own a business, we can offer you a range of financing options and capital structures to support the growth of your business, advise you on your current debt structures and cash management, and help you establish a retirement plan for yourself and employees. When that retirement comes, we ll work with investment experts at to help you create an exit plan. We understand that wealth management is not just about resources and capability. It s about how we use those resources with creativity, innovation, and flexibility. The simple truth is you have a lot more to manage than just your wealth. 10/MORGAN STANLEY SMITH BARNEY
We believe that you deserve financial advisors who share your vision, earn your trust and work diligently to help you attain the life you desire for you and your family.
The Altieri Group at Morgan Stanley Smith Barney 4855 Technology Way Suite 600 Boca Raton, FL 33431 TELEPHONE: 561.393.1836 TOLL-FREE: 800.327.5890 FACSIMILE: 561.394.8337 richard.p.altieri@smithbarney.com fa.smithbarney.com/thealtierigroupsb Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer s particular circumstances from an independent tax advisor. 2009 Morgan Stanley Smith Barney LLC. Member SIPC. 572642 11/09