2 COMMITMENT 4 GOALS 6 PROCESS Three Oaks Wealth Management at Morgan Stanley three oaks wealth management A
702 King Farm Boulevard Suite 500 Rockville, MD 20850 301-556-2320 / M ain 800-624-0673 / toll- f ree 301-556-2399 / fa x morganstanleyfa.com/threeoaks threeoaks@morganstanley.com B Morga n S ta n le y
YOUR FINANCIAL FUTURE, INTELLIGENTLY PLANNED Three Oaks Wealth Management at Morgan Stanley believes in putting intelligence to work for you and your family s future. We believe successful asset management requires comprehensive research, thorough data analysis and intentional strategies based on your specific goals. We bring a breadth of education, skills and experiences to your financial situation. Our advisors have strong educational backgrounds, and two of us served in the United States Navy one aboard a destroyer, the other aboard a nuclear submarine meaning we know what it means to be committed, pay attention to detail and see every task through to completion. With roots dating back to 1995, our practice was founded on the principles of integrity, stability and connection. These principles our team s three oaks, is our legacy and the standard by which you should measure us. Whether you are planning for retirement, strengthening your business, or creating a family legacy, we will thoughtfully craft a portfolio aimed at protecting your capital, meeting your current financial needs and creating the future you want for yourself and your loved ones. three oaks wealth management 1
The Three Oaks Commitment As your advisors, we pledge to earn your confidence with our three core tenets: We will always maintain the highest standards of professionalism and integrity. We emphasize stability in our financial planning process, especially in the face of a constantly changing global landscape. We will connect you to the people and resources to help make your dreams a reality. Loyalty and commitment are our heritage at Three Oaks two of our partners have a long history of U.S. military service. Integrity We believe acting with integrity means protecting your financial interests as carefully as we would for our own family. We only make investment recommendations that we believe are the right ones for you at the right time. We will offer ideas we believe can bring you closer to your financial goals. Our practice is clientcentered, goals-based and open-architecture (meaning we are unrestricted in the investment products we can recommend to you). We have no proprietary products to sell or sales quotas to fill, and our financial interests have always been fully aligned with yours. 2 Morgan Stanley
Stability All financial advisors at Three Oaks share a lineage, with each of us hired by the founder of our practice. This means we have absorbed the same values, and remain committed to them now and in the future. We also share an approach to wealth management that emphasizes patience and long-term results over trying to profit from shortlived trends. Throughout the market s ups and downs, we maintain a time-tested, value-oriented investment discipline, even as we stay flexible enough to adapt to changing conditions and take advantage of market opportunities. Connection Forming close relationships is at the core of everything we do. The better we know our clients and their families, the more effectively we can help them plan their financial future. Our ability to make connections also extends to the community. We have deep roots in the community and in the industry, and have developed an exceptionally broad network of partners. We are eager to connect you with people who can help you accomplish your personal, financial, business and charitable goals. three oaks wealth management 3
discovering your goals. managing your wealth. Before we can develop your financial plan and build a portfolio, we need to understand your near- and long-term goals for yourself, your family and your business. The better we get to know your aspirations, the more effectively we can plan an appropriate strategy for such needs as: generating sufficient income in retirement determining the legacy you can leave to your children and community planning for short-term business funding goals A crucial part of this initial discovery process is determining your risk tolerance. We ll listen closely to determine a portfolio for the level of market volatility you are comfortable assuming. 4 Morgan Stanley
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Goal-oriented investing We employ a goal-based approach to your wealth with an eye toward managing risk. With this approach, we match specific pools of money to each of your goals, such as retirement income, college funding or philanthropic contributions, and we create individual portfolios for each objective with appropriate allocations of stocks, bonds, alternative investments and, if needed, annuities. The Three Oaks team includes a full-time research consultant to help us build better portfolios just one of many ways we will invest in you. Investment selection To determine appropriate investments for your portfolio, we rely on a combination of our own research and the vast resources of Morgan Stanley s highly regarded Consulting Group. Depending on your individual situation, we use a combination of mutual funds, exchangetraded funds (ETFs) and separately managed accounts in our discretionary portfolios. Many client portfolios also include an allocation to alternative investments, which can increase the diversification of your portfolio and may produce competitive returns with less risk. The Three Oaks team includes a full-time research consultant to help us build better portfolios just one of many ways we will invest in you. Searching for value Our investment approach is flexible but value oriented meaning we emphasize securities we believe are currently (and, we hope, temporarily) out of favor and therefore priced below their true worth. We are not interested in chasing today s hot investment trend. Our approach is naturally contrarian. We believe that if everyone likes a particular investment, it s probably overpriced, and we will perhaps look elsewhere for future returns. In our experience, this is our best strategy for generating solid investment results over time for clients. Regularly monitoring your performance We know your goals can evolve in response to life-changing personal events, the purchase or sale of a business, or new financial realities. For this reason, we regularly monitor your portfolio, recommending adjustments as needed. We also stay connected to you by speaking with you formally at least quarterly, checking to make sure we are still on track with your goals. three oaks wealth management 7
tailoring your portfolio to your goals 1. Determining your goals and objectives conducting a series of conversations to understand what you hope to accomplish with your wealth To develop an investment portfolio for your unique needs, we follow a disciplined, four-step approach: 8 Morgan Stanley
3. Selecting your investments choosing specific investments including stocks, bonds, mutual funds, exchangetraded funds (ETFs), alternatives and separate managed accounts in our discretionary portfolios that we believe are appropriate for each of your goals 2. Constructing the right framework drawing on the resources of Morgan Stanley s Consulting Group and our Global Investment Committee, we develop a customized investment framework to match your goals and risk tolerance 4. Reviewing your performance maintaining a regular dialogue to assess the effectiveness, performance and risk of your portfolio, and making any needed adjustments three oaks wealth management 9
At Three Oaks, you have access to an entire range of financial planning services at a competitive price. Give back to your community Charitable lead trusts Family foundations Donor-advised funds Strengthen your business Cash management Succession planning Retirement plans Insurance and risk analysis Benefit planning Strategic consulting and transactions Plan your wealth Saving and investing strategies Balance sheet analysis estate and multi-generational Income planning and distribution planning strategies Manage risk Hedging strategies for concentrated positions Portfolio diversification Tax-efficient investing strategies Access to securities based lending Access to mortgages Access to tailored loans Build your legacy Statements of shared goals Beneficiary designations Next-generation education Life insurance planning Estate-tax planning Wills and trusts (working with your legal and tax specialist) 10 Morgan Stanley
Offering comprehensive services Morgan Stanley, one of the world s foremost wealth management firms, allows us to provide you with almost any financial service you need today or may need tomorrow. Whether this includes traditional financial planning or portfolio management, meeting your needs as a business owner, or helping you leave a philanthropic legacy, we can help set you on the path to your goals. three oaks wealth management 11
MEET THE PROFESSIONALS The Three Oaks Team Teamwork is essential to our approach at Three Oaks. From our three financial advisors to our capable professional staff, we rely heavily on one another s strengths and skills. Nick Serenyi is a Senior Vice President, Family Wealth Director, and Financial Advisor for Morgan Stanley s Three Oaks Group. He specializes in tax and estate planning, concentrated stock positions, the sale of privately held businesses, and philanthropic services. Nick graduated with honors from Harvard University in 1991. Before joining Morgan Stanley in 1995, Nick was commissioned as a Surface Warfare Officer with the United States Navy and spent four years on the USS John Young. After 20 years of service as an active reservist while also working in the financial industry, Nick retired from the Navy having earned the rank of Commander. As a Family Wealth Director, Nick offers his clients a greater level of personal attention by tailoring his strategies to the unique concerns of high net worth families. He is one of less than 250 Family Wealth Directors designated by Morgan Stanley nation wide, a status he achieved because of his sophisticated approach to the complex financial needs of affluent families. With nearly 20 years of financial planning experience, Nick believes in investing with intelligence. He does his homework, and thoroughly understands his clients needs and goals before developing an individually tailored wealth management strategy. Nick has a passion for simplifying the complexities of the financial world, which helps clients make informed decisions. To better serve his clients, Nick furthered his education by earning the Certified Financial Planner (CFP) designation from the College for Financial Planning. The CFP certification carries with it an ethical duty to look after his clients investments, which he extends to every aspect of his profession. Nick has been named to the Morgan Stanley s prestigious Master s Club, an elite group composed of the firm s top Financial Advisors. The appointment recognizes Nick s excellence in providing outstanding financial planning and wealth management services to his clients. Additionally, Nick is a member of the National Capital Region Financial Planning Association. In his free time, Nick is very active in his community. He is Chairman of the Board of Asbury Atlantic, Inc., and a Trustee of the McLean School. Nick also interviews prospective students for the Harvard University Schools Committee. An avid marathon runner, Nick is also an active member of the Montgomery County Road Runners Club. 12 Morgan Stanley
Douglas Jarrard is a Senior Vice President, Portfolio Manager, Senior Institutional Consultant, and Financial Advisor for Morgan Stanley s Three Oaks Group. He specializes in investment research, portfolio management, and developing comprehensive financial planning strategies for individuals, families and institutions. Doug graduated from Duke University with a Bachelor of Science in Mechanical Engineering and Material Science. He was commissioned as an Officer in the United States Navy, where he served on the USS Seawolf nuclear attack submarine. After his time in the Navy, he began his career at Morgan Stanley in 1999. With 15 years of experience in wealth management, Doug understands the importance of developing intelligent and carefully planned investment strategies. He prides himself on completing thorough research, fully understanding the figures and conducting an unmatched level of analysis before choosing underlying investments. His analysis is ongoing, ensuring a financial plan is performing as intended once it s in place. Doug holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the Baltimore CFA Society. He has earned the Senior Institutional Consultant designation with Morgan Stanley s Consulting Group recognizing Doug s commitment to helping institutional investors achieve their investment objectives. Doug has been named to the Morgan Stanley s prestigious Master s Club, an elite group composed of the firm s top Financial Advisors. The appointment recognizes Doug s excellence in providing a wide range of investment products and wealth management services to his clients. Additionally, he is a member of the Association of Professional Investment Consultants and the Portfolio Management Institute. In his free time, Doug enjoys golfing and being with his wife and three children. Doug supports many charities dedicated to helping children including the National Center for Missing and Exploited Children and the Florida Hospital for Children. Ryan Bowman is a Senior Vice President, Financial Planning Specialist, Corporate Retirement Director and Financial Advisor for Morgan Stanley s Three Oaks Group. He specializes in wealth transfer strategies and corporate retirement plans. Ryan graduated from McDaniel College with a degree in Communications. From there, he entered the financial industry as a Financial Services Advisor with Prudential Financial. Ryan joined the Morgan Stanley team in 2001. Throughout his career, Ryan has worked tirelessly to provide clients with the utmost personal care and attention. He carefully and thoughtfully listens to his clients to help them create financial planning strategies based on their specifically tailored objectives. Knowing that the markets move quickly and are constantly changing, he focuses on long-term strategic solutions and meeting the complex financial needs of families and business organizations. Ryan has been named to the Morgan Stanley s prestigious Master s Club, an elite group composed of the firm s top Financial Advisors. The appointment recognizes Ryan s excellence in providing a wide range of investment products and wealth management services to his clients. In his free time, Ryan enjoys being with his wife and four children, playing golf, and shooting sporting clays. He is active in his community and serves on Boards of The House DC, the YMCA South County Advisory Board, and the Frederick County Young Life committee. He is also an active member of Fourth Presbyterian Church. three oaks wealth management 13
professional staff James Henson Consulting Group Analyst James Henson joined the Three Oaks team in November 2013, specializing in portfolio analysis and investment management services. He began his career at Mosaic Funds as a portfolio accountant, and has also worked at Tucker Anthony and Convergent Investment Advisors. James is a 1996 graduate of the University of Maryland, College Park, with a bachelor of arts in government and politics. In 2000, he earned his master s degree in international management from University of Maryland University College. James lives in Frederick, Maryland, with his wife and four children. In his spare time, James plays chess and is a member of the United States Chess Association. 14 Morgan Stanley
Kristin Alexander Group Director Jessica Bowman Wealth Management Associate Megan Salmons Client Service Associate Kristin Alexander joined the Three Oaks team in August 2012 as group director. In this role, she is responsible for all aspects of client service while also serving as lead administrator for team coordination and communication. She began her career as a registered client service associate with Morgan Stanley in 2006. Kristin graduated from Villanova University in 2006 with a bachelor of science in business administration. She received an athletic scholarship to play Division I soccer at Villanova and was co-captain of the school s soccer team in her senior year. Kristin resides in Gaithersburg, Maryland, with her husband and their two sons. Jessica Bowman is a wealth management associate with the Three Oaks team. In this role, she is responsible for our clients technology and maintenance needs. In addition, as a fully licensed staff member, Jessica helps in the execution of client trade requests. Jessica began her career at Morgan Stanley in 2010 as an intern and joined Three Oaks the following year as a client service associate. In 2012, she became a registered representative and, most recently, wealth management associate. Her previous career experience includes customer service positions with both regional and national organizations. After graduating in 2011 from the University of Kansas with a bachelor of arts in philosophy and a minor in business administration, Jessica moved to Germantown, Maryland, where she loves to spend time with her nearby family and Rori, her Weimaraner. Megan Salmons, who began at Three Oaks as an intern in May 2013, joined the team full-time in December 2013. As a client service associate, she serves in an administrative role. She concentrates on daily operations, client service, and preparing client reviews. Megan graduated from James Madison University in 2010 with a bachelor of arts in psychology. After graduation, she worked at an accounting firm in Virginia Beach and subsequently moved to Maryland to join the Three Oaks team. She currently resides in Damascus, Maryland, with her dog, Cofi. She is an active member of Mountain View Community Church in Urbana and enjoys spending time with her nearby family. three oaks wealth management 15
Wealth management isn t just about your money, It s about your future Whether you are planning for your retirement or your business, your children s education or their legacy, we are here to help you get there. We will work closely with you to help you define your dreams and aspirations for every aspect of your personal and professional life. Using your goals as our foundation, we will work together to create an investment strategy aimed at meeting those targets. Since 1995, we have been guiding families towards their goals, and we look forward to helping you and your family on the path to yours now and for many years to come. For more information or to discuss your financial situation, please call us at (301) 556-2320, or email us at threeoaks@morganstanley.com. 16 Morgan Stanley
World-Class Resources from Morgan Stanley Three Oaks Wealth Management is backed by the vast global resources of Morgan Stanley, one of the world s largest financial institutions with more than $2 trillion in assets under management. 1 Over the past 75 years, Morgan Stanley has supported its clients with firsthand knowledge of world markets through its presence at the center of the global economy. The firm expanded its institutional-level capabilities to successful individuals and their families three decades ago, since earning the trust of generations of sophisticated clients. The powerful combination of Three Oaks outstanding personal service and Morgan Stanley s money management platform and financial resources seeks to give you a premier advisory experience, with the specialized services and solutions needed to meet your complex requirements. 1 As of 07/14 three oaks wealth management 17
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 LLC (Morgan Stanley Smith Barney) is a registered brokerdealer, 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. Asset allocation and diversification do not guarantee a profit or protect against loss. 2014 Morgan Stanley Smith Barney LLC. Member SIPC. 981689 10/14 18 Morgan Stanley