Wealth Planning

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Morgan Stanley’s approach to wealth planning focuses on what is most meaningful to you. Whether meeting with you for the first time or reviewing your progress and life goals, this is our priority.

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Wealth Planning

Whether you’re planning for your retirement, to fund education for your children or grandchildren, to buy a vacation home, to address health care needs or to leave a legacy for the next generation, you need a wealth strategy that will serve as the roadmap to your future.

Leveraging our vast resources—including intellectual capital, experience and dedicated personal service—we can work with you to create a personalized wealth strategy. Then, over time, we can adapt it to changing circumstances, helping you to achieve—and to protect—your goals.

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A Formal Yet Flexible Approach

ADJUST Achieving your goals requires vigilance and flexibility. We help you monitor your progress and make adjustments as life evolves, markets and tax laws shift, and priorities change.

ACT Next, we can help you implement investment, retirement, trust services1, lending, cash management2 and insurance3 solutions suited to your needs.

DISCOVER Our relationship begins with a thorough understanding of you – your needs, your lifestyle and family, and your goals for the future.

CREATE We work with you to develop a roadmap to help you achieve and protect the outcomes you envision.

Please see the Disclosures at the end of the presentation.

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Learning about you is crucial before we can provide you with advice. That’s why we begin with a process that is centered on you.

Discover: It’s All About You

UNDERSTANDING YOUR DEFINITION OF SUCCESS

Guided by a robust discovery process, we gain an understanding of your life – the people, activities, things and ideas that are important to you – including your needs and your aspirations.

Once we understand your life goals, we can develop a truly personalized wealth strategy. And throughout our ongoing relationship, we will adjust it to adapt to your changing circumstances.

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OneView can provide you with a complete view of your financial life, even beyond what is held at Morgan Stanley.

With a current, comprehensive understanding of your overall financial position, we are able to more effectively help you develop and implement your wealth strategy.

CLARITY OneView simplifies your life by aggregating all your enrolled account data – investments, retirement savings, checking and savings accounts, mortgages and more – in one convenient location, no matter where those assets are held.

CONVENIENCE OneView gathers investment holdings, balances and other data automatically – all you need is online access to your various accounts.

SECURITY Your information is fully protected through multilayered technology featuring the strongest data encryption available.

Discover: Morgan Stanley OneView

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Your wealth strategy doesn’t just consider your investment objectives. Rather, it is tailored to address the personal life goals you’ve identified and prioritized.

Using our suite of tools — our LifeView® platform — we can create your personal roadmap to help achieve and protect your goals — a framework that makes the connection between your life goals and your financial resources, and provides a baseline for future discussions.

ADDRESSING ALL OF YOUR GOALS LifeView helps us to: – Analyze your current investments, and financial situation – Review and prioritize your goals with you, such as

• Retirement • Education funding • Major purchases and philanthropic goals

– Protect your goals – Develop wealth transfer strategies

Create: A Personalized Plan to Address Your Goals

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A core component of any wealth management framework is retirement planning. Making it increasingly important are longer life expectancies, rising health care costs, uncertainty tied to Social Security and continued changes in corporate retirement plans. TO HELP YOU ACHIEVE YOUR RETIREMENT GOALS, WE CAN:

• Help you clarify what retirement means to you—whether it means relocating, traveling, starting a business, going back to school, spending more time with your family or fulfilling another life goal.

• Analyze and quantify your retirement needs, factoring in your current and projected income and assets as well as estimated inflation rates and the impact of your spending in retirement.

• Uncover potential shortfalls in your retirement plan and show you ways to address them.

• Create an action plan to help you achieve the retirement lifestyle you imagine.

• Monitor your progress and make adjustments as your goals, financial situation and markets change.

Create: Retirement Planning

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• Higher education costs are rising rapidly, at rates that exceed inflation and the average increase in personal income.1

• In an environment of high unemployment and declining family incomes, many question how they can afford a college education.2

• Custodial accounts, trusts and 529 Plans can help.

TO HELP YOU ACHIEVE YOUR EDUCATIONAL FUNDING GOALS, WE CAN:

• Create a detailed analysis of your current saving and investment strategy and the projected cost of education at the time your children or grandchildren reach college age.

• Evaluate how well your current saving and investing strategy is working, and, if appropriate, suggest several alternatives to help you meet your college funding goals.

Create: Preparing for College Costs

1 Source: www.savingforcollege.com 2 http://trends.collegeboard.org

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Even the best wealth management plan can be jeopardized by a crisis, such as the death or disability of a principal wage earner. The right insurance coverage provides an important means of helping to protect your goals. The use of insurance can be a goal-protection strategy—so that : • You have an income stream in retirement • Your children or grandchildren can go to college • Your family can maintain a comfortable lifestyle • Your estate won’t be forced to liquidate to pay taxes BY PERFORMING A RISK ANALYSIS, WE CAN: Assess your current coverage and identify any gaps. We may then recommend specific amounts of one or more of these types of insurance:

• Disability insurance

• Life insurance

• Long-term care insurance

Create: Protecting Your Goals

Insurance products are offered in conjunction with Morgan Stanley's licensed insurance agency affiliates.

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A well-crafted estate plan helps you to:

• Minimize estate taxes and reduce or eliminate probate costs

• Arrange the distribution of your assets after your death

• Carry out your philanthropic wishes

• Make the settlement of your estate less difficult and costly for your loved ones

WE ARE ABLE TO: Quantify both the current value of your estate and its projected value at death. You’ll be able to get a clear sense of how your estate might be distributed—to taxes, charities and your beneficiaries—under your current estate plan. You’ll also see how modifications may provide a more satisfactory outcome. Depending on your specific needs, we can discuss the impact of different strategies, including:

• Adjusting the ownership of your assets in order to leverage the maximum applicable exclusion

• Removing assets from your estate through an annual gifting program, without sacrificing your other goals

• Illustrating the impact of creating a Life Insurance Trust

Create: Preserving Your Assets

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BASED ON YOUR WEALTH STRATEGY, WE CAN:

• Deftly balance and implement financial solutions by accessing a vast array of lending and investment products in both traditional and, where suitable, alternative1 asset classes.

• Tailor our product and investment recommendations to meet the needs uncovered in the wealth management process.

• Determine appropriate strategies for helping to protect your wealth, including preserving your assets for your heirs.

Act: Implementing Financial Solutions

1Alternative investments are not suitable for all investors.

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Over time, your needs and priorities evolve. Meanwhile, markets shift, interest rates fluctuate and tax laws change. That’s why building and monitoring your wealth strategy should be a continual process, adjusting and adapting to your changing circumstances.

Adjust: Helping to Keep You On Track As Life Changes

LifeView Monitor™ makes it easy for us to periodically monitor your progress toward your goals and evaluate whether your financial strategy is on track or needs adjustment. For example, we can take the current value of your portfolio and illustrate whether you are in your Portfolio "Confidence Zone," the range of values that would support your retirement and other goals.

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Disclosures This material is provided for general informational and educational purposes only. The information contained in this material is subject to change without notice. Morgan Stanley Smith Barney LLC undertakes no obligation to update this material. This material does not take into account your personal circumstances and we do not represent that this information is complete or applicable to your situation. 1 Morgan Stanley Smith Barney LLC, its affiliates, and Morgan Stanley Financial Advisors and employees are not in the business of providing tax or legal advice, and these materials and any statements contained herein should not be construed as tax or legal advice. Individuals are urged to consult their personal tax advisor or attorney for matters involving taxation and tax planning and their personal attorney for matters involving trust and estate planning and other legal matters. 2Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, a 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 services are offered through Morgan Stanley Smith Barney LLC. Unless specifically disclosed in writing, investments and services offered through Morgan Stanley Smith Barney LLC are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, a bank and involve investment risks, including possible loss of principal amount invested.

3Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

When your Financial Advisor prepares a financial plan, he or she will be acting in an investment advisory capacity with respect to the preparation of your financial plan. To understand the differences between brokerage and advisory relationships, you should consult with your Financial Advisor or review our Understanding Your Brokerage and Investment Advisory Relationships brochure, available at www.morganstanley.com/ourcommitment/.

LifeView Monitor is a brokerage tool. It is not a financial plan or financial planning service and it does not create an advisory relationship between you and your Financial Advisor.

Important Risk Information for Securities Based Lending: You must make your clients aware that: (1) Sufficient collateral must be maintained to support your clients’ loan(s) and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of your clients’ securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt your clients’ long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase your clients’ collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.

With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.

To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.

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