The Greenspan Group at Morgan Stanley Smith Barney

The Greenspan Group at Morgan Stanley Smith Barney

7500 Old Georgetown Road 10th Floor, Bethesda, Maryland 20814 301-961-2640 / Main 800-745-4503 x2640 / Toll-Free 240-235-4448 / fax ira.greenspan@mssb.com www.morganstanleyindividual.com/customerservice/fahomepage/default.asp/

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 Financial Advisors, 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 and professionals who can help you make a more informed decision on any financial issue. Our most important goal: to help you achieve your objectives, providing guidance that helps your wealth do more for you. The Greenspan Group 3

Meet the Professionals With our experience in investment management, our team can help translate your objectives into strategies and solutions that make sense for you. We offer you a perspective developed over multiple market cycles, a thorough understanding of asset allocation and risk management, and an ability to refine your strategy as your needs and the financial markets change. In short, you will work with professionals who can provide a steady hand guiding you toward your investment goals. 4 Morgan Stanley Smith Barney

Ira Brett Greenspan, CRPC, CMFC Financial Advisor Vice President Ira Brett Greenspan, Vice President/ Wealth Advisor with Morgan Stanley Smith Barney in Bethesda, Maryland, has been with the firm since 1997. Ira advises high net worth, non-profit and corporate clients, and encourages use of the firm s Consulting Services. Even before working for Morgan Stanley, Ira has been serving in clientoriented professions providing assistance to non-profits and members of the U.S. House of Representatives, Veterans Affairs Committee, Subcommittee on Compensation and Benefits. Ira served under the Chairmanship of Chairman G.V. Sonny Montgomery (D-MS) and Chairman Bob Stump (R-AZ). On the Veterans Affairs Committee, Ira acted as a liaison between the various Veterans groups and the members of the committee. Ira Greenspan s current position and responsibility on the team is to carry out our communications process. Quarterly conference calls, manager updates, interpretation of performance data and on-site visits are Ira s primary responsibilities. Ira is also responsible for periodic communication of new developments in the industry as well as Morgan Stanley Smith Barney research. Ira will communicate the latest data regarding these topics to clients. Ira will also be responsible for setting up the conference calls, coordinating the calendars of the various committee members and providing reports to clients in advance of all reviews. Ira graduated from The American University in Washington, D.C., with a Masters in Public Administration with a concentration on Public Finance and a Bachelor of Arts in Political Science. Ira earned his Investment Consultant designation by attending the Wharton School in 2005. Ira is also a Chartered Mutual Fund Counselor (CMFC) and Chartered Retirement Planning Counselor (CRPC). These designations represent proficiency in the field of retirement planning and mutual fund analysis. Ira is also an active member of his community, enjoying recently his participation with the Brotherhood at Temple Beth Ami in Rockville, MD, The Greenspan Group 5

his past affiliation with the Citizen Advisory Group for the Germantown, MD, 5th District Police Department and is interested in photography. Ira lives in Boyds, Maryland, with his wife, Marlo, and two children, Leah (age 8) and Zachary (age 5). ira.greenspan@mssb.com 301-961-2640 Michael Rozofsky, CRPC, CFP Financial Advisor Associate Vice President Michael Rozofsky, Accredited Investment Fiduciary (AIF), Certified Financial PlannerTM (CFP), has been with Morgan Stanley Smith Barney for over 11 years, and immigrated to the United States from Moscow in 1987. He graduated from The George Washington University on a tennis scholarship where he studied Finance and International Business. Prior to that, he attended the prestigious Bullis School in Potomac, Maryland. Michael recently attended the Wharton School of Business Foundations and Endowments Program. His class was limited to 50 advisors from across the country and the main focus was to gain in-depth knowledge about advanced asset allocation techniques, investment policy formation and the endowment model. The secondary focus of the 6 Morgan Stanley Smith Barney

program was to explore the regulatory environment which includes the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the changing landscape for philanthropic foundations. Spending Rates, Fundraising and Socially Responsible Investing was also discussed in detail. Michael is a Certified Financial PlannerTM (CFP) and an Accredited Investment Fiduciary (AIF). The AIF is a designation that promotes fiduciary standards in managing money for foundations, endowments and nonprofits. It also shows best practices of transparency and accountability when dealing with money set aside for philanthropic purposes. As a Certified Financial Planner, Michael Rozofsky s current position and responsibilities include overseeing the investment policy formation, asset allocation implementation and risk management. As an Accredited Investment Fiduciary, Michael ensures that members on a board or clients are kept abreast of the latest developments of Fiduciary standards as outlined in UPMIFA. Michael conducts regular analysis to ensure proper diversification at all times, adherence to our fund objectives, and the use of prudent standards for selecting fund alternatives and the adequate monitoring of fund performance. In the past, Michael has served as an intern at Merrill Lynch, where he first developed his passion for portfolio management and investment analysis. Michael, his wife, Libby, and daughter, Lilia, live in Bethesda, Maryland. michael.rozofsky @mssb.com 301-961-2644 The Greenspan Group 7

Asset Allocation and Portfolio Planning We will work together using a process that focuses on you and your goals, integrating investment decisions with your immediate financial needs and desired aspirations. This process encompasses four steps: 1 Personal review Before we can advise you, our team must understand you and your goals. We will guide you through an extensive discovery process to identify your objectives, time horizon, tolerance for risk and other considerations that may play a role in shaping your investment strategy. 2 Asset allocation and portfolio planning Your input drives the development of a personalized financial strategy. Designed to help you meet your specific needs, it addresses areas such as retirement, education expenses, estate planning and tax minimization potential. When our analysis is complete, we will present to you an investment strategy that helps to identify appropriate diversification for your portfolio. 8 Morgan Stanley Smith Barney

3 Implementation After we have discussed and refined your strategy, we work closely with you to bring the elements to life. Should we decide that outside money managers are appropriate for you, we will help you select from the hundreds of investment management firms available to you. If you prefer to invest in individual securities, we can help identify specific stocks, bonds and other securities that may be suitable for your portfolio. Whatever approach we decide on together, our team will help you keep your strategy on track. 4 Ongoing Communications and Reporting We view ongoing communication as the foundation of our successful collaboration with you. We will make every effort to keep abreast of your changing financial needs and provide viable strategies to help you meet them. This means reviewing your portfolio together at your request. When your circumstances change, we will work with you to revise your strategy and reposition your assets to reflect your new needs and goals.

For Life s Most Important Goals With an experienced professional and the right resources, reaching your most important goals can be less challenging and more rewarding. We are ready to help you with your goals, by combining our insight into your needs with the resources of Morgan Stanley Smith Barney. Managing the rewards of success Managing an investment portfolio should be a consultative, disciplined process that balances your attitudes and goals as an investor with careful analysis of the financial markets and the risks and opportunities they hold for you. You can rely on us for objective strategic advice in structuring your portfolio and for careful analysis of any investments we consider together. Asset allocation Investment management Traditional investments Alternative investments Separately managed accounts The Greenspan Group 11

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. 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. 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 broker-dealer, not a bank. Where appropriate, Morgan Stanley Smith Barney has entered into arrangements with banks and other third parties to assist in offering certain banking-related 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. 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. 2010 Morgan Stanley Smith Barney LLC. Member SIPC 6491402 10/10