the westminster street group - morgan stanley - fa want a financial advisor who helps them explore...

The Westminster Street GroupAt Morgan Stanley

Planning for Extraordinary Lives

VisionVisionVisionVision

Our vision is to create an

environment where all our clients are

living and experiencing an

extraordinary life; continuously

reaching and striving to live the life

of their choosing.


MissionMissionMissionMission

Our mission Our mission Our mission Our mission is to enhance our

clients’ ability to live an extraordinary

life by providing the guidance,

planning and pathway to build,

protect and live the life they want.

Who WWho WWho WWho We e e e SSSServeerveerveerveMost of our clients are interesting couples and

smart women who are committed to living an

extraordinary life. They have reached a

crossroads, either through choice or circumstance,

which calls for a new vision and a plan for the

future. They don’t want to simply be told what to

do. They want a financial advisor who helps them

explore their options, works with them to define

their opportunities, and helps them to implement a

new strategy.


The The The The PPPPrimary Concerns:rimary Concerns:rimary Concerns:rimary Concerns:

Will we have enough to live the life we want?

How do we make sure we never run out of

money?

What do we do with the money we leave

behind?


The Process:The Process:The Process:The Process:

1. Lifestyle Wealth Plan

Begin with your vision, dreams and desires

2. Durable Investment Strategy

An investment approach designed with your desired

lifestyle vision in mind.

3. Proactive Wealth process

Ongoing education, meaningful conversations, and

proactive engagement.


Durable Investment

Strategy


It’s It’s It’s It’s a marathon, not a sprinta marathon, not a sprinta marathon, not a sprinta marathon, not a sprintInvesting is not a race. We believe that steady and consistent returns

over time is more important than meeting or beating the market.

A flash in the panA flash in the panA flash in the panA flash in the panToday we are constantly being bombarded by all types of entertainment

that is disguised as news. This type of media may inspire bad

investment decisions that could substantially change your life. We will

make sure you make an informed investment decision based on sound

advice.

It’s Not Rocket ScienceIt’s Not Rocket ScienceIt’s Not Rocket ScienceIt’s Not Rocket ScienceA solid investment strategy doesn’t have to be complicated. Keep it

simple; invest in what you know and understand.



Durable Investment StrategyDurable Investment StrategyDurable Investment StrategyDurable Investment StrategyInvestments serve one of four key functions

Steady Legacy

Liquidity Income Growth Growth

Cash Bonds US Stocks Private Equity

CDs MLPs Int’l Stocks Hedge Funds

S-T bonds REITS Annuities Commodities

SAMPLE MODEL PORTFOLIOSAMPLE MODEL PORTFOLIOSAMPLE MODEL PORTFOLIOSAMPLE MODEL PORTFOLIO


Liquidity

Income

Steady Growth

Legacy

ALLOCATIONALLOCATIONALLOCATIONALLOCATION

Proactive Wealth Process

AssetAssetAssetAsset

ManagementManagementManagementManagement

Goals &

Objectives

Family

Changes

Significant

Events

Asset

Allocations

LiabilityLiabilityLiabilityLiability

ManagementManagementManagementManagement

Access to

Banking and

Lending

Services

Personal

Debt

Personal

Liability

ProtectiveProtectiveProtectiveProtective

StrategiesStrategiesStrategiesStrategies

Life

Insurance

Long Term

Care

Insurance

Annuities

Disability

Strategies

LegacyLegacyLegacyLegacy

PlanningPlanningPlanningPlanning

Gifting

Strategies

Wills &

Trusts

Powers of

Attorney

Estate Planning

Strategies


Our value to You


I understand the pride a family can take in a family business, and the

extraordinary life that could be lived by having a successful business. However, as

success so often does, it creates a culture where we often underestimate the risk

that a business can bring and the impact it could have on the family. We also

tend to forget just how quickly the environment can change around us.

As a member of family who enjoyed the benefits of a successful business, and lost

them due to the untimely death of my grandfather, I have seen what it can do to

the family fortunes and the family unit.

My value as your advisor is to help you avoid the mistakes my family made. I will

ensure that you have considered all the risks to your family’s wealth and that we

have a plan in place to deal with the eventuality of future threats. I will work with

your other key advisors, senior employees, key family members and others to

design, manage, and protect your lifestyle and business.

John Ayers, Financial Advisor


As a woman, I understand the multiple roles and responsibilities we carry. Yet, I

realize that we often relinquish control and allow others to make financial

decisions for us. In many ways, however, we are only hurting ourselves and

setting ourselves up for a crisis in the future.

As a professional woman in a male dominated industry, I have learned that there

is more than one way to manage wealth and relate to clients. Women are often

underserved by our industry. And as a mother and daughter, I understand how

we can lose sight of our own goals and needs as we are focusing on those of our

children and parents.

Therefore, my true value as your advisor is that I will help you to balance and

prioritize your own financial needs with the needs of those you love. I will help

you make the process more fun and less complicated. I will work with you to

help you feel more knowledgeable, and to give you the sense of control that you

deserve.

Pam Lasher, Financial Advisor


John C. Ayers, CFP®, CIMA®

Vice President, Financial Advisor

The Westminster Street Group

Morgan Stanley

1 Financial Plaza, 19th Floor

Providence, RI 02903

Phone: +1 401 276-5935

Mobile: +1 401 935-8635

Fax: +1 401 863 8420

[email protected]

Contacting Us


Pamela T. Lasher, CFP®, CRPS®

Vice President, Financial Advisor

The Westminster Street Group

Morgan Stanley

1 Financial Plaza, 19th Floor


Phone: +1 401 276-5961

Mobile: +1 774 206-1055

Fax: +1 401 863 8420

[email protected]

Anne E. Swiader

Morgan Stanley Wealth Management

Senior Client Service Associate/Portfolio Associate

One Financial Plaza, 19th Floor


Phone (401) 276-5964

Fax (631) 716-7505

[email protected]

Appendix


Investment Philosophy

& Process


� Asset allocation is more important than security selection

� Rebalancing is critical, even though this may result in capital gains

� Bonds preserve capital, not wealth

� The 20+ year bull market rally in bonds is over and interest rates will up,

eventually

� The more efficient a market is, the more it lends itself to indexing

� Inflation:

� Due to the minting of dollars, monetary inflation is a concern

� However, there is no shortage of manufacturing capacity or labor

� This will result in an interesting dynamic with unforeseen consequences

� Dividends matter - Almost 50% of equity returns have come from dividends

� The world economy will continue to grow:

� International markets will grow faster than domestic markets

� Emerging will grow faster that developed

� A stock market will go where its economy will take it

Our Investment Philosophy


Based on our philosophy, our investment process includes the following:

� Rely principally on Morgan Stanley’s Global Investment Committee for both strategic

and tactical asset allocation recommendations and changes

� Using these recommendations, build portfolios using both passive and active

management strategies

� Passive/ETF strategies will be used in more efficient market such as large cap US

stocks. We also lean towards more use more dividend-oriented strategies

� Active managers will be used in less efficient/less liquid markets such as emerging

markets. Our process for selecting these managers will include

� Approved and recommended by Morgan Stanley research

� At least a 3- star rating if covered by Morningstar

� Longer-term history of achieving a combination of attractive returns with

lower market volatility and movement in quintile rankings.

� The availability of operations and support staff of the firms

� A complete top-down review of these investments will be performed semi-annually and

a desk-top review done quarterly.

Our Investment Process


Extraordinary Client

Service Philosophy


� Simplify your life

Family, careers, and business increase the level of complexity in our lives so that we lose sight of

our values, goals and things that makes us happy. We will help to build a map that provides

clarity of purpose and simplification of your financial house so that you can enjoy your life.

� Commitment to our clients

Your dreams and goals become our focus., and working towards them becomes a commitment

we share.

� Full Disclosure

As the structures of many investment products are often complicated, cost at times can be

difficult to ascertain and communicate. We will provide the fullest disclosure of all fees paid

and compensation received to both Morgan Stanley as well as to third parties.

� Oversight and security

Through time, there have been cases of unethical behavior and wrongdoing on the part of

financial institutions. Morgan Stanley has:

- Created multiple layers of review to ensure that your assets are managed as agreed

- All investment products on our platform undergo rigorous review.

Our Extraordinary Service Philosophy


� Proactive communication

Communication will be as clear, candid, precise, and timely as possible. We will also agree on

the frequency and format of routine updates to best meet your needs.

� Comprehensive and holistic planning based approach

Money is merely a tool to security, happiness and the ability to live an exceptional life. Only

through understanding your visions and goals, incorporating all your resources, and careful

consideration of your family situation, can we advise.

� Credentials and Intellectual capital

Financial planning and money management require an ever-changing body of knowledge. We

will use all of our resources, both internal and external, to ensure that decisions and

recommendations will be based on the best and most credible information available.

� Working with your other advisors

We will proactively work with your advisors (e.g. accountants, lawyers) to ensure

recommendations are well thought-out and consistent with your overall financial well-being.

Our Extraordinary Service Philosophy


Asset Allocation does not guarantee a profit or protect against a loss in a declining financial market.

Morgan Stanley Smith Barney LLC 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 visit us at http://www.morganstanleyindividual.com or consult

with your Financial Advisor to understand these differences.

Morgan Stanley Smith Barney LLC. Member SIPC

An investment in alternative investments can be highly illiquid, is speculative and not suitable for all investors. Investing in

alternative investments is only intended for experienced and sophisticated investors who are willing to bear the high economic risks

associated with such an investment. Investors should carefully review and consider potential risks before investing. Some of these

risks may include:

· loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative practices;

· lack of liquidity in that there may be no secondary market for the fund and none is expected to develop;

· volatility of returns;

· restrictions on transferring interests;

· potential lack of diversification and resulting higher risk due to concentration of trading authority when a single advisor is utilized;

· absence of information regarding valuations and pricing;

· complex tax structures and delays in tax reporting;

· less regulation and higher fees than mutual funds; and

· manager risk.

Individual funds will have specific risks related to their investment programs that will vary from fund to fund.

Actual results may vary and past performance is no guarantee of future results.

Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors

do not provide tax or legal advice. This material was not intended or written to be used, and it cannot 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.


Bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally the longer a bond's maturity, the more

sensitive it is to this risk. Bonds may also be subject to call risk, which is the risk that the issuer will redeem the debt at its option,

fully or partially, before the scheduled maturity date. The market value of debt instruments may fluctuate, and proceeds from sales

prior to maturity may be more or less than the amount originally invested or the maturity value due to changes in market conditions

or changes in the credit quality of the issuer. Bonds are subject to the credit risk of the issuer. This is the risk that the issuer might be

unable to make interest and/or principal payments on a timely basis. Bonds are also subject to reinvestment risk, which is the risk

that principal and/or interest payments from a given investment may be reinvested at a lower interest rate.

International investing may not be suitable for every investor and is subject to additional risks, including currency fluctuations,

political factors, withholding, lack of liquidity, the absence of adequate financial information, and exchange control restrictions

impacting foreign issuers. These risks may be magnified in emerging markets.

The investments listed may not be suitable for all investors. Morgan Stanley Smith Barney LLC recommends that investors

independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The

appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.

Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.

Since life insurance and long term care insurance are medically underwritten, you should not cancel your current policy until your

new policy is in force. A change to your current policy may incur charges, fees and costs. A new policy will require a medical exam.

Surrender charges may be imposed and the period of time for which the surrender charges apply may increase with a new policy.

You should consult with your own tax advisors regarding your potential tax liability on surrenders.

Investing in commodities entails significant risks. Commodity prices may be affected by a variety of factors at any time, including but

not limited to, (i) changes in supply and demand relationships, (ii) governmental programs and policies, (iii) national and

international political and economic events, war and terrorist events, (iv) changes in interest and exchange rates, (v) trading activities

in commodities and related contracts, (vi) pestilence, technological change and weather, and (vii) the price volatility of a commodity.

In addition, the commodities markets are subject to temporary distortions or other disruptions due to various factors, including lack

of liquidity, participation of speculators and government intervention.


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