India’s Oldest Game Goes Pro; An Interview with NBA Commissioner Adam Silver; Peter Guber on Sports Tech The Race to Be the World’s Top Sport; 2015’s Biggest Art Sales; How to Start a Sports Philanthropy Ken Burns on Jackie Robinson; The Best Sports Watches and Spas; Should Your Child Play Football? THE EVOLUTION OF FINANCIAL INTELLIGENCE WORTH.COM VOLUME 25 | EDITION 01 WORK \ FINANCE \ LIFE GAME CHANGERS THE 60 MEN AND WOMEN WHO MAKE THE WORLD OF SPORTS SPIN E S T A B L I SH E D 1 9 9 2 W O R T H M A G A Z I N E
Transcript
India’s Oldest Game Goes Pro; An Interview with NBA Commissioner Adam Silver; Peter Guber on Sports Tech
The Race to Be the World’s Top Sport; 2015’s Biggest Art Sales; How to Start a Sports Philanthropy
Ken Burns on Jackie Robinson; The Best Sports Watches and Spas; Should Your Child Play Football?
T H E E V O L U T I O N O F F I N A N C I A L I N T E L L I G E N C E
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TEAMMarie A. Moore, CPM®, Managing Director–Wealth Management, Financial Advisor
Shawn D. Moore, CFP®, Financial Advisor
ASSETS UNDER MANAGEMENT$350 million (as of 12/2015)
MINIMUM NET WORTH REQUIREMENT$5 million (planning services)$2 million in assets (investment services)
MINIMUM FEE FOR INITIAL MEETINGNone required
LARGEST CLIENT NET WORTH$180 million
FINANCIAL SERVICES EXPERIENCEMarie, 27+ years; Shawn, 10 years
ASSOCIATION MEMBERSHIPSAssociation of Professional Investment Consultants, Association for Corporate Growth, National Association of Accountants
PROFESSIONAL SERVICES PROVIDEDPlanning, investment advisory, corporate and money management services, philanthropy and business development
EDUCATIONMarie: CPM®, Columbia University; MBA, University of Dallas; M&A certification, Northwestern University, Kellogg School of Management; BBA, finance and accounting, University of Texas at Arlington
Shawn: CFP®, College for Financial Planning; BS, MIS, University of North Texas
COMPENSATION METHODAsset-based and fixed fees, commissions (investment and insurance products)
PRIMARY CUSTODIAN FOR INVESTOR ASSETSMorgan Stanley Smith Barney LLC
* Please visit www.morganstanleyfa.com/themooregroup for more information on the Barron’s Top 100 Women Financial Advisors award methodology and criteria.
THE MOORE GROUP AT MORGAN STANLEY 8383 Preston Center Plaza Drive, Suite 400, Dallas, TX 75225 214.696.7175
L E A D I N G W E A L T H A D V I S O R | D A L L A S , T X
I L L U S T R A T I O N B Y K E V I N S P R O U L S
How should I start planning for eldercare?B Y T H E M O O R E G R O U P
planning for
WHAT'S ON MY DESK...
Marie: Barron’s Top 100 Women Financial Advisors award*
Shawn: Magazines, awards, plans and research
Standing: Marie A. Moore; seated: Shawn D. Moore
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THE MOORE GROUP AT MORGAN STANLEY 8383 Preston Center Plaza Drive, Suite 400, Dallas, TX 75225 214.696.7175
There is much to celebrate about the average American’s increasing lon-gevity. You have more years to ac-complish your life goals, and your parents may be able to really get to know their great-grandchildren. Still, those extra years and the infirmities that commonly come with old age also mean that people need more care—which, in turn, implies multidi-mensional concerns.
LAYING THE GROUNDWORK WITH LOVED ONESTo prepare for the future, some actions can be taken now. Planning becomes even more important if you are likely to shoulder the responsibility of making caregiving decisions for your spouse, your parents or others. Three basic steps can get you on the right track:
Involve a strong team. Let us say you are overseeing the care of an aging parent, and communication has become
difficult. Your decisions may greatly benefit from an established relationship with your mother’s or father’s doctor, attorney, ac-countant and financial advisor. Addition-ally—depending on your parent’s needs—you may want to call on a social worker and a geriatric care manager.
Have a conversation. The more you know about your parent’s or spouse’s wishes, the better. Discussions about care are generally not easy, but knowing what someone really wants can be an enormous help in simplifying the decisions you need to make down the road.
Get some things in writing. You’ll want to have quick access to basic information such as social security numbers, Medicare information, insurance policies, legal docu-ments and financial statements. Addition-ally, there are a number of strategies that empower loved ones to make decisions and to record other wishes. These include:
• Durable Power of Attorney: This docu-ment gives you the authority to make legal and financial decisions for another person in the event that he or she is no longer able to do so.
• Living Will: Also known as an advance directive, this document guides medical pro-fessionals and family members in determin-ing what treatments should be considered.
• Healthcare Proxy: Essentially, this is a medical power of attorney that enables you to make medical decisions on behalf of the person you are caring for.
EVALUATING COST Research shows that almost 70 percent of people age 65 and older will require some degree of long-term care over the rest of their lives.1 The associated costs are con-siderable: The median cost of a private nursing home in the United States is ap-proximately $91,250 a year, and the me-dian cost of in-home care assistance is approximately $20 per hour, or $45,760 per year for a 40-hour week.2
Given the price tag for services, it may make sense to earmark savings for future care needs. You may also want to analyze
the benefits of long-term care insurance. These policies provide coverage for nurs-ing home care, assisted living facilities, home care, community-based care or a combination of these services.
Whatever your role, some preemptive steps will help prepare you for an oversight role and allow you to enjoy a longer life ahead with your loved ones. ●
1 National Clearinghouse for Long Term Care Information, U.S. Department of Health and Human Services, 2015.
2 Genworth Cost of Care Survey, 2015.
Marie A. Moore is a Financial Advisor with the Wealth Management division of Morgan Stanley in Dallas, Texas. The views expressed herein are those of the author and may not necessarily reflect the views of Morgan Stanley Smith Barney LLC. Member SIPC. www.sipc.org. Morgan Stanley Financial Advisor(s) engage Worth to feature this profile. Marie A. Moore may only transact business in states where she is registered or excluded or exempted from registration, www.morganstanleyfa.com/themooregroup. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Marie A. Moore is not registered or excluded or exempt from registration. The strategies and/or investments referenced may not be suitable for all investors. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the US. (CRC1368245 01/16)
T H E M O O R E G R O U P A T M O R G A N S T A N L E Y
M ARIE A. MOORE IS A FAMILY WEALTH DIRECTOR AND SENIOR PORTFOLIO
MANAGEMENT DIRECTOR AT MORGAN STANLEY, WITH MORE THAN 27
YEARS OF EXPERIENCE. Prior to joining the firm, she was manager of
mergers, acquisitions and divestitures with Texas Instruments, where she bought and
sold corporations, divisions and product lines to round out the company’s strategic
plans. Working with her son, Shawn D. Moore, CFP®, financial advisor, Ms. Moore ensures
that the focus of the Moore Group is on the planning and investment needs of families,
from grandparents to grandchildren. Through its family wealth management practice,
the Moore Group helps families to not only preserve but also communicate their
traditions, histories and values to future generations. ●
A B O U T U S
TThe more you know about your aging parent’s or spouse’s wishes, the better.
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The Moore Group at Morgan Stanley is featured in Worth® 2016 Leading Wealth Advisors™, a special section in every edition of Worth® magazine. All persons and firms appearing in this section have completed questionnaires, have been vetted by an advisory group following submission by Worth®, and thereafter paid the standard fees to Worth® to be featured in this section. The information contained herein is for informational purposes, and although the list of advisors presented in this section is drawn from sources believed to be reliable and independently reviewed, the accuracy or completeness of this information is not guaranteed. No person or firm listed in this section should be construed as an endorsement by Worth®, and Worth® will not be responsible for the performance, acts or omissions of any such advisor. It should not be assumed that the past performance of any advisors featured in this special section will equal or be an indicator of future performance. Worth®, a publication of the Worth Group LLC, is a financial publisher and does not recommend or endorse investment, legal or tax advisors, investment strategies or particular investments. Those seeking specific investment advice should consider a qualified and licensed investment professional. Worth® is a registered trademark of the Worth Group LLC.
Marie A. Moore, CPM® Managing Director–Wealth Management and Financial Advisor
Shawn D. Moore, CFP® Financial Advisor
The Moore Group at Morgan Stanley 8383 Preston Center Plaza Drive, Suite 400
