The Maddalena Group atMorgan Stanley

2000 Westchester Ave 1NCPurchase, NY 10577

914-225-6774 / MAIN

888-499-8544 / TOLL-FREE 914-225-5532 / FAX

www.morganstanleyfa.com/themaddalenagroupthemaddalenagroup@morganstanley.com

The Maddalena Group atMorgan Stanley

The Maddalena Group leverages a knowledge and understanding thatcan only be acquired with time. Our comprehensive financial planningprocess helps us understand the unique challenges and opportunitiesfacing the modern investor. It is our goal to create customized wealthmanagement solutions for clients from our experienced perspective. TheMaddalena Group prides itself on delivering a superior level of service toits clients by anticipating the financial needs of their families today, andfor generations to come.

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Meet the Professionals

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O. Anthony MaddalenaExecutive DirectorWealth Advisor

Tony started in the financial serv-ices industry in 1988, with his entirecareer in wealth management atMorgan Stanley and its predecessorcompanies. Prior to his tenure atMorgan Stanley, Tony worked at theaccounting firm Price WaterhouseCoopers. He provides wealth man-agement solutions to a variety ofclients including high net-worthindividuals, family trusts, corpora-tions, and not-for-profit entities. TheMaddalena Group is also part ofMorgan Stanley’s Executive FinancialServices Group, offering stock planservices as well as 401(k)/Retirementservices for both public and privatecorporations. In 2013, he was rankedby The Financial Times as one of the400 Top Financial Advisors. A resi-dent of Westchester County for over40 years, Tony is a graduate of

Fordham University, with a BA andMaster’s degree in InternationalPolitical Economy. While at MorganStanley, Tony successfully completedthe Senior Account Executive pro-gram at the University ofPennsylvania’s Wharton School.Active in the local community, Tonyserves on several boards of not-for-profit organizations. Currently, Tonyis a board member of The NeubergerMuseum of Art, The WestchesterCounty Association, as well asFriends of Copland House.

Charles WhiteSenior Portfolio ManagerDirector of Business Strategy

Charles started in the financialservices industry in 1984, mostrecently he was the Chief Strategistand Portfolio manager for ThomasLloyd Funds. He was Vice Chairmanand Head of Security Selection atAvatar Associates from 1988 to 2003,where he worked alongside WallStreet legend Dr. Martin Zweig.Charles also served as AssistantController of the City of Boston from1984 to 1988 where he managed theCity’s pension fund. Charles is theChief Portfolio Manager for TheMaddalena Group and focuses onseeking to maximize risk adjustedreturns. During his tenure at Avatar,Charles appeared several times onCNBC, and Bloomberg television andradio to speak about the markets.

Charles holds both undergraduateand graduate degrees from BostonUniversity where he earned a BS/BAin Finance and later earned an MBAin Public Management and Finance.Charles resides in Rye, NY with his

wife and twin sons, is an avid golfer,board member, and Treasurer of theWestchester Country Club.

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Alexander PugatchFixed Income SalesFinancial Advisor

Alex started in the financial servic-es industry in 2006, working at Bankof America Merrill Lynch inInstitutional Fixed Income Sales,covering hedge funds, asset man-agers, and proprietary trading desks.At Morgan Stanley, Alex focuses oncomprehensive wealth managementsolutions for family offices and high-net-worth individuals. In addition,Alex consults on the fixed incomeportion of our discretionary portfo-lios. Alex earned his BS in Commercefrom the McIntire School ofCommerce at the University ofVirginia, concentrating in Financeand Accounting and his MBA from

Columbia Business School, majoringin Finance and Real Estate and grad-uating with Dean’s Honors. Alexresides with his wife and son inArmonk, New York.

Juan PaysseSenior Vice PresidentFinancial Advisor

Juan started in the financial indus-try in 1998, specializing in wealthmanagement for high net worthclients in Latin America. Prior tojoining Morgan Stanley in 2011, heled a group of global investment spe-cialists covering Mexican residents asa VP at JP Morgan, and coveredMexican, Brazilian, and Venezuelanclients as an Associate Director atUBS AG. Juan Paysse is a member ofMorgan Stanley’s Fixed Income andEquity Middle Markets Group, cover-ing pension funds and asset man-agers. A multilinguist, Juan is fluentin Spanish (native), English, andPortuguese. He has a diverse educa-tional background: a law degree fromthe Catholic University of Uruguayand an MBA from University ofChicago’s School of Business, andholds Series 7 & 66 licenses.

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Lawrence Bahr, CRPS®

Financial Planning SpecialistFinancial Advisor

Lawrence Bahr has been in thefinancial services industry since2005. He works with corporateexecutives to help build and preservetheir wealth and maintain financialsecurity. Lawrence believes in theprocess of developing a comprehen-sive financial plan; combining bothwealth accumulation strategies andrisk management techniques to helpproduce a well-rounded solution formaintaining financial independence.He earned the title of FinancialPlanning Specialist, awarded toFinancial Advisors who successfullycomplete an advanced financial plan-ning training program with a focuson retirement, education, and estate-tax planning strategies.

Lawrence received his B.A. fromHamilton College in Clinton, NewYork. He lives with his wife anddaughter in Chappaqua, New York.

Alex PuroFinancial Advisor

Alex has been with the MaddalenaGroup since January 2010, and is pri-marily focused on executing thegroup’s investment strategies. Headditionally provides portfolio ana-lytics, trading, performance reconcil-iation and account management forthe group’s discretionary portfolios.In his previous role as a ServiceAssociate, he was an ACE Awardwinner for outstanding service in2011. Alex holds series 3, 7, & 66, andstudied Computer Science andEnglish at Hampshire College andthe University of Massachusetts inAmherst.

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Michael GlazerFinancial Advisor

Michael Glazer joined TheMaddalena Group in November 2012as the team’s Wealth AdvisorAssociate. Michael helps to createand maintain comprehensive finan-cial plans for our clients, taking aholistic view of their overall holdingsin relation to their financial goals.Michael holds series 7 & 66 licenses,and studied finance at the DolanSchool of Business at FairfieldUniversity.

Matthew PioliSenior Registered Associate

Matthew Pioli provides valuablesupport and offers clients a high levelof service as a Senior RegisteredAssociate and a member of TheMaddalena Group at MorganStanley. Matt has been with MorganStanley since 2011. He earned his BSin Business Management fromSpringfield College, concentrating inFinance and Accounting. Mattresides in Fairfield, Connecticut.

Angela ValvanoConsulting Group Analyst

Angela joined the MaddalenaGroup in 2014 as the team’sConsulting Group Analyst. She con-centrates on providing additionalvalue to clients by helping to overseethe financial planning processincluding running risk analysisreports, financial planning/asset allo-cation and other tailoredreporting. She has been with MorganStanley since 2012 and worked in avariety of roles within the firm’sRotational Analyst Program. She hasspent time in Morgan Stanley’sMutual Fund and ETF Due Diligencegroup and in the Client DevelopmentGroup working with the firm’s ultra-high net worth clients. She also spenttime in Morgan Stanley’s retailbranches.

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Angela holds her series 7 and 63licenses and earned her BBA inFinance and a B.A. in Math graduat-ing Summa Cum Laude from IonaCollege’s Honors Program in 2012.

Hubert PapesRegistered Client Service Associate

Hubert has been with MorganStanley since 2013, joining the firmafter graduating from the Universityof North Carolina at Chapel Hill in2012 with a B.A. in Political Science.Hubert works primarily with ourInstitutional Middle Markets Groupboth domestic and internationally,assisting in operations and accountmanagement. Additionally, he willprovide account servicing to wealthmanagement and stock plan partici-pants. Hubert is also a member ofthe Westchester County Association’sYoung Professionals group. Heresides in Mount Kisco, New York.

Yvette-Michelle WynnVice President

Yvette-Michelle Wynn is a PrivateBanker serving Morgan StanleyWealth Management branches inNew York. Yvette-Michelle began hercareer in financial services in 1989.Prior to joining Morgan Stanley in2010, she served as a Sales Directorin the Private Bank at Bank of NewYork. While at Bank of New York, shealso worked as a Private BankRelationship Manager, a RegionalSales Manager and a BranchManager. Yvette-Michelle began hercareer as a Financial Planner atAmerican Express. Yvette-Michellegraduated from Pace Universitywith a Bachelor of BusinessAdministration in Finance andearned a Master of Economics fromFordham University. She holds aMaster of Arts in Liberal Studies anda Professional Diploma in CreditAnalysis from New York University.

One of the World’s Strongest Investment Organizations Stands Behind Your Financial Advisor1

1 All information for Morgan Stanley as of Q2 2013, unless otherwise stated.2 Information for Morgan Stanley as of Q3 2013.3 Information for Morgan Stanley Wealth Management as of Q2 2013.

1,200 GLOBAL LOCATIONS

CEO AND SENIOR MANAGEMENTTEAM WITH DEEP WEALTHMANAGEMENT EXPERIENCE

16,321 FINANCIAL ADVISORS

6.6 Million CLIENT ACCOUNTS

$1.8 Trillion CLIENT ASSETS

NEARLY80 YEARS OF EXPERIENCE

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INVESTMENT INSIGHTWITHOUT LIMITS

WHO OFFERS SOME OF THE BEST INVESTMENT THINKING FROM AROUNDTHE WORLD? MORGAN�STANLEY PROVIDES COMPREHENSIVE COVERAGEOF EVERY MAJOR MARKET AND ASSET CLASS, AS WELL AS INVESTMENT

RESEARCH FROM SOME OF THE MOST RESPECTED ANALYSTS. OUR CULTUREVALUES LIVELY DEBATE AND AN OPEN EXCHANGE OF IDEAS AS THE BASIS

FOR DISTINCTIVE, SOPHISTICATED STRATEGIES.

I N T E L L E C T UA L C A P I TA L , G L O B A LPERSPECTIVE. As a client, you haveaccess to the strategic and tactical viewsof some of the world’s most seasonedand respected investment professionals.The members of our Global InvestmentCommittee develop strategies that helpto inform the decisions of clients acrossMorgan Stanley. With Morgan Stanley,Financial Advisors have access to thework of research analysts who cover keygeographic and economic sectors, aswell as 3,000 companies. This researchis directly available to our WealthManagement clients, as are the marketinsights, research and analytic viewsof fixed income and equity sales.

S O P H I S T I C AT E D S T R AT E G I E S ,RIGOROUS RISK MANAGEMENT. TheGlobal Investment Committee is anespecially valuable resource to you andyour Financial Advisor. The commit-tee creates model portfolios based onrigorous statistical techniques�—whichguide both institutional and individualinvestors and reflect a range of timehorizons, risk profiles and wealth levels.Also, the committee makes tacticalsuggestions based on a comprehensiveanalysis of the investment landscape.

It is all done with an eye on achievingthe most efficient balance of risk andreturn to help maximize the likelihoodof meeting your objectives.

A PREMIER TRADING AND EXECU-TION PLATFORM. Morgan Stanley is oneof the only wealth management firmswith a standalone, principal-drivencapital markets platform dedicated tothe needs of individual investors and Financial Advisors. Our 175 capital mar-kets professionals are an experienced,highly responsive and knowledgeable resource available to you.

A BROAD OFFE RI NG OF I NVEST-MENT CHOICES. You also have accessto a variety of mutual funds, includ-ing a group of funds that is vetted and continuously monitored by the Consult-ing Group’s team of manager research analysts and investment professionals.These specialists are responsible for anopenarchitecture platform that includesmore than 1,000 investment vehiclesand strategies�—� a broader offering thanthat of any other investment firm. You have the flexibility to choose any ofthese vehicles, with guidance from aFinancial Advisor focused solely onyour best interests.

Please read important disclosureson the back cover of this brochure

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Identify your goals,values, dreams, specialconcerns/challenges

Discovery process1

l Determine risktolerance

l Analyze currentinvestment portfolio

l Develop assetallocation strategy

l Portfolio construction

Develop investmentstrategy2

It starts with listening. We askquestions — regarding your needsand dreams, your tolerance forrisk, your time horizon — andthen listen. It’s an ongoing processthrough which we strive to knowall we can about you, your family,your business (if applicable) andyour short- and long-term goals.This period of “discovery” helps usmake informed recommendationsand design a flexible wealthmanagement plan that isuniquely yours.

We Work toUnderstand theFull Scope of Your Financial Picture

The Client Experience

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In-person meetingto presentrecommendedinvestmentstrategy

Investmentstrategy meeting3

l Open newaccounts

l Transfer existingassets

l Conduct tradesto executeagreed-uponinvestmentstrategy

Execution ofinvestmentstrategy

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In-person meeting todiscuss:l First statementsl Organization of

paperworkl Set up online account

access (and review onlineresources)

l Develop schedule forfuture review meetings

l Schedule wealthmanagement planmeeting

Follow-up meeting5

l Financial planningl Retirement planningl Access to banking and

lending servicesl Education planningl Business succession

planningl Charitable givingl Family dynamicsl Estate planning

managementl Plan meeting

Develop comprehensivewealth management plan6

In-person meeting topresent comprehensivewealth managementstrategies

Wealth managementplan meeting7

Ongoing execution ofwealth managementstrategies

Execute wealthmanagement plan8

Develop schedule forreview meetings

Ongoing monitoringof investment strategyand wealthmanagement plan

9

Adjust investmentportfolio and/or wealthmanagement plan inlight of any changes

Re-evaluateinvestment strategybased on changes togoals, objectivesand/or expectations

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Morgan Stanley strives to offer clients the finest in financial thinking,products and execution to help them meet their individual needs andachieve their personal financial goals. When we work together, you’llbenefit from personalized advice, objective guidance and dedication toyour success as an investor. With access to Morgan Stanley’srenowned global resources and investment opportunities, we can helpyou develop and maintain an optimal investment strategy. Our wealthmanagement strategy will address key areas of your financial lifebeyond traditional investments and may incorporate diverse recom-mendations for building and protecting your wealth.

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© 2014 Morgan Stanley Smith Barney LLC. Member SIPC. 3053739 10/2014

Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affili-ates and Morgan Stanley Financial Advisors or Private WealthAdvisors do not provide tax or legal advice. Clients should consulttheir tax advisor for matters involving taxation and tax planning andtheir attorney for matters involving trust and estate planning andother legal matters.

Source: The Financial Times “Top 400 Financial Advisors” is anindependent listing produced by the Financial Times (March, 2014).The FT 400 is based in large part on data gathered from and veri-fied by broker-dealer home offices, and, as identified by the FT,reflected each advisor’s performance in six primary areas, includingassets under management, asset growth, compliance record, experi-ence, credentials and accessibility. The rating may not be represen-tative of any one client’s experience and is not indicative of theFinancial Advisor’s future performance. Neither Morgan Stanley

Smith Barney LLC nor its Financial Advisors or Private WealthAdvisors pays a fee to The Financial Times in exchange for the rat-ing.

Morgan Stanley Smith Barney LLC. Member SIPC.This material does not provide individually tailored investment

advice. It has been prepared without regard to the individual finan-cial circumstances and objectives of persons who receive it. Thestrategies and or investments discussed in this material may not besuitable for all investors. Morgan Stanley Smith Barney LLC recom-mends that investors independently evaluate particular investmentsand strategies, and encourages investors to seek the advice of aFinancial Advisor.The appropriateness of a particular investment orstrategy will depend on an investors individual circumstances andobjectives.

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