Callaghan Neuman Slovin GroupatMorgan Stanley Smith Barney

2500 Lake Cook Rd.100 South, Riverwoods, IL 60015

847-831-6652/ MAIN

800-755-8255/ TOLL-FREE 847-572-1339/ FAX

www.morganstanley.com/fa/callaghanneumansloving-roup

Callaghan Neuman Slovin Group atMorgan Stanley Smith Barney

Managing wealth involves far more than managing an investmentportfolio. It begins with developing a holistic, comprehensive under-standing of who you are and the financial forces at work in your life. Itmeans helping you understand and respond effectively to theseforces. And, of course, it means helping you invest your assets in away that reflects the realities of your life and the uniqueness of yourlong term goals.

As Financial Advisors, we are committed to building a relation-ship of trust in which we can work closely with you to help youdefine your objectives, explore alternatives and choose the financialand investment strategies that are most appropriate for you. As ourrelationship evolves, we hope you will come to regard us as a valuedresource and professionals who can help you make a more informeddecision on any financial issue.

Our most important goal: to help you achieve your objectives,providing guidance that helps your wealth do more for you.

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Meet the Professionals

Bernard NeumanSenior Vice PresidentFinancial Advisor

Bernard Neuman joined Freehling& Co. in 1960 and was made a partnerin 1968. In 1985, he became a Partnerand Director of Cowen & Co. Hejoined Morgan Stanley in 1999.

Bernard completed his master’sdegree at Northwestern University inGuidance and Counseling. Mr.Neuman focuses on RetirementPlanning and Wealth Management.Bernard is active in several commu-

nity organizations. In addition, healso sits on several non-profit boards.Bernard and his wife Miriam reside

in Skokie, Illinois.

Jonathan Neuman, CFP®, ChFC®

Vice PresidentWealth Advisor

Jonathan joined Morgan StanleySmith Barney through predecessorfirms in 2001. Prior to that he was anequity partner in the boutique invest-ment bank of Orchard CourtPartnership Healthcare.

Jonathan received his MBA fromDePaul University. He earned hisbachelor’s degree in Business fromthe University of Illinois at Chicago,where he was inducted into the BetaGamma Sigma National HonorSociety of Business Students.Jonathan also holds a CERTIFIEDFINANCIAL PLANNER ™designa-tion from the Certified FinancialPlanner Board of Standards and aChartered Financial Consultant des-ignation from the American College.

Jonathan focuses on WealthManagement and works closely withHigh Net Worth individuals and busi-nesses.

Jonathan and his wife Chevy havefive children.

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Patrick CallaghanInvestment Management ConsultantVice PresidentWealth Advisor

Patrick has been registered for 13years in Financial Services and hasbeen with Morgan Stanley SmithBarney and its predecessor firmthroughout his financial servicescareer. Patrick focuses on RetirementPlanning and provides financial advi-sor services for clients in the areas ofestate planning-related issues, wealthcreation and wealth preservation. Hehas been recognized on three sepa-rate occasions since then for out-standing performance.

Patrick graduated from LoyolaUniversity in 1992 with aMasters Degree (MS) inIndustrial Relations. Hereceived his B.A. from LoyolaUniversity in Psychology in

1987. He was honored withan outstanding scholarshipaward from Loyola University.Patrick resides in Glenview,Illinois with his wife Karen andtwo children Jack (8) andMatthew (6).

Stanford SlovinVice PresidentFinancial Advisor

Stanford has been registeredfor over 19 years in the FinancialServices Industry. Stan focuseson Investment PortfolioEvaluation and Retirement Planning.Stan provides financial advisor servic-es for individual clients, small busi-ness owners, associations and workswith high net worth investors in theareas of investment planning, wealthcreation, wealth preservation andWealth Management.Stan graduated from theUniversity of Illinois (Urbana-Champaign) with a Bachelorof Science in Business (B.S. inFinance) and has a JurisDoctorate from the JohnMarshall Law School(Chicago, Illinois). Stanresides in Northbrook, Illinois

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with his wife Jodi and twochildren Joshua (12) and Abby(7).

Irene KapusciarzSenior Registered Associate

Irene has been in the financialindustry for over 12 years.Irene provides support in allphases of client service, com-munication and administration,client relationship building andaccount maintenance to assistthe business activities of theFinancial Advisors. Irene isfluent in Polish. Irene residesin Palos Hills, Illinois.

Jaymi CzysczonSenior Client Service Associate

Jaymi has been with MorganStanley Smith Barney for 10years, for which 7 of themwas in Operations as SeniorService Associate. She assistswith overall client accountmaintenance, which includesthe handling of all operationaltasks and requests for clients,as well as providing adminis-trative support to the mem-bers of her team. Jaymiresides in Palatine, IL

We will work together using aprocess that focuses on you andyour goals, integrating investmentdecisions with pressing financialneeds and desired aspirations.Moreover, we will support youand your strategy with theresources and perspective of oneof the world’s largest financialfirms.

1 Before we can advise you, we mustunderstand you and your goals. Wewill guide you through an extensivediscovery process to identify yourobjectives, time horizon, tolerancefor risk and other considerationsthat may play a role in shaping yourinvestment strategy.

Asset Allocationand PortfolioPlanning

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2 When our analysis is complete, wewill present you with a comprehensiveplan and asset allocation that helpsto identify appropriate diversificationstrategies. Designed to help you meet yourspecific needs, these recommendationsmay address areas such as retirement,education expenses, estate planning andminimizing taxes.

3 The team will work closely withyou to bring the elements of your planto life, helping you to select from thehundreds of investment managementfirms available to you, and identifyspecific stocks, bonds and othersecurities that may be suitable foryour portfolio. Then we will closelymonitor your portfolio.

4 We will review your portfoliotogether at your request. And whenyour circumstances change, the teamwill work with you to revise yourstrategy and reposition your assetsto reflect your new needs and goals.

DiscoverDiversify

ImplementReview

Our Consultative Process

Charting a prudent course to financial independence requires a well-conceived, personalized plan with defined long-term goals. Our wealthadvisory consultative process can help you design a cohesive plan forthe future that includes:

1 Discovery

Before our first meeting, we suggestthat you take a fresh inventory of yourwealth, including where each asset islocated and what it is worth. At thatmeeting, we will begin by exploringmany questions to try to capture whatmatters most to you and fully under-stand what you want to accomplishwith your wealth. We will talk aboutyou, the kind of lifestyle you enjoy,what worries you and what you arepassionate about. Our conversationwill also explore your values, key rela-tionships, total assets, preferred man-ner of communication, as well asidentify the other professional advi-sors with whom you work. That way,our team can help you determine howall the facets of your financial situa-tion could dovetail effectively.

2 Analysis and recommendation

Based on our discussion, the team willanalyze your personal and financial

information, including liabilities, andassess risks and identify potentialthreats to your financial health. Wewill present you with a personalizedplan that can help address yourincome and cash flow needs, borrow-ing requirements, asset protection,retirement planning, wealth transfer,philanthropy and other areas beyondinvestment management. By takingthe additional time to carefullyreview these topics, we hope to makeyou comfortable with proposedinvestment strategies and serviceproviders before implementing yourwealth plan.

3 Implementation

After you have approved your wealthplan, we will work closely with you toimplement it, bringing an objectiveapproach, and paying special atten-tion to how the various parts of yourplan can affect, enhance and integratewith each other. Wherever appropri-ate, we will suggest seeking addition-al, in-depth advice on particularly

complex issues we have identified,including family dynamics, estateplanning, lending, tax planningstrategies and more. Whateverapproach we decide on, the team willhelp you keep your investments ontrack.

4 Reviewing objectives

We believe that ongoing communica-tion is a vital component of our ongo-ing relationship, and we are commit-ted to keeping abreast of your chang-ing financial needs. Your financialdocuments provide the foundationfor regular meetings, and the teamwill review your portfolio at yourrequest and whenever you feel thatyour circumstances have changed. Wewill then seek to make certain thatyour assets are positioned accordingto your evolving needs. If necessary,we will suggest adjustments to yourstrategy to address changes in yourcircumstances or your objectives

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You Benefit From a Profound Understanding of the Full Range of Wealth Management Needs

Investment ManagementI have so many goals and priorities. How can one investment strategy balance them all?

Charitable PursuitsThe charities I support are like extended family. How do I maximize the good I can accomplish?

Estate PlanningMaking sure my estate goes to the people and organizations I care about is a priority. How do I transform my assets into a legacy?

Integrated PlanningDecisions about both assets and liabilities need to be made in the framework of important life goals. What steps are also the most tax efficient? How can a strategic approach to banking and lending simplify my financial life and maximize the value of what I own?

LiquidityI can predict some expenses, but others I know I can’t. How can I plan to have the cash I need?

RetirementWhen I retire, it will affect just about everything that matters: my lifestyle, my company, my family. Is there a way to plan for retirement that takes it all into account?

Business StrategiesHow do I manage my personal wealth with so much tied up in my company?

Risk ManagementThe ups and downs of the markets is just one kind of risk—but so is not protecting my assets and my family. How do I protect what I care about most?

Education FundingWill I be able to pay for a good education for my children—and my grandchildren?

MORGAN STANLEY SMITH BARNEY

A CULTURE ofEXCELLENCE

OVER THE YEARS, YOU HAVE MADE MANY FINANCIAL DECISIONS.ONE IN PARTICULAR IS LIKELY TO HAVE A LASTING IMPACT

ON YOUR WELL BEING AND THAT OF YOUR FAMILY:THE CHOICE OF A FINANCIAL ADVISOR.

your financial needs and then align theresources to meet them. Your FinancialAdvisorcanhelpyouevaluateimmediateconcerns and plan for long-term goals,be a sounding board for your invest-ment ideas, assist you in developing andexecuting a strategy that is preciselyyour own and help deliver performanceresults that meet your needs.

YourFinancialAdvisorisyouradvocatewithinourfirm,anintelligenteditorwhoselects and aligns the many capabilitiesof Morgan Stanley Smith Barney for you,delivering the right resources to you inthe way that is most appropriate for howyou invest and what you want to achieve.

Investors who choose Morgan StanleySmith Barney often tell us that theirreasoning is simple. They choose aFinancial Advisor�—�and a firm�—�that mirrors the values propelling their ownsuccess: a commitment to perform at the highest level for their clients, withno shortcuts, compromises or excuses.

UNPARALLE LED EXPER I ENCE .Drawing on many years of experi-ence, Morgan Stanley Smith Barneyunderstands the importance of shapingrelationships that reflect client needs,preferences and aspirations.

Our firm and Financial Advisors havean in-depth understanding of virtuallyall the challenges, goals, preferences,styles and strategies that distinguishwealthyinvestors.Additionally,asatruly

global financial institution, we have anequally acute knowledge of financialopportunities and the potential risks.

This combination positions us todevelop, structure and execute solu-tions for your most important financialneeds, from accumulating wealth toinvesting for income, from solidify-ing retirement security to devising adistribution approach that meets yourlifestyle and legacy goals.INVESTMENT INSIGHT WITHOUT

LIMITS. As a client, you have accessto the strategic and tactical views ofsome of the world’s most seasoned andrespected investment professionals. ThemembersofourGlobalInvestmentCom-mittee develop strategies that guide themanagement of advisory accounts andhelp to inform the decisions of clients across Morgan Stanley Smith Barney.

The team is currently supportedby the work of 350 analysts at two of the world’s largest investment banks, Morgan Stanley and Citi, who cover keygeographicandeconomicsectors,aswellas 3,000 individual equity securities. You also benefit from a premier trad-ing and execution platform. Think of our 225 capital markets professionals as experienced, highly responsive and knowledgeable partners.PERFORMANCE THAT MEETS YOUR

MEASURE. Among the most importantskills of our Financial Advisors is theabilitytolisten:tothoroughlyunderstand

ONE OF THE WORLD’SSTRONGEST INVEST-MENT ORGANIZATIONSSTANDS BEHIND YOURFINANCIAL ADVISORFinancial Advisors have access to top-flight researchfrom both Morgan Stanley and Citi. Combined, theyanalyze and track the progress of more than 3,000 companies all over the world.

A STRONG, STEADYFORCE IN A CHANGINGINDUSTRY

• CEO and senior team with deep wealth management experience

• 130 years of combined experience

• 900 global locations• 18,000 financial advisors• 7 million client accounts• $1.5 trillion client assets

Please read important disclosures on the back cover of this brochure

Morgan Stanley Smith Barney strives to offer clients the finest infinancial thinking, products and execution to help them meet theirindividual needs and achieve their personal financial goals. When wework together, you’ll benefit from personalized advice, objective guid-ance and dedication to your success as an investor. With access toMorgan Stanley Smith Barney’s renowned global resources andinvestment opportunities, we can help you develop and maintain anoptimal investment strategy. Our wealth management strategy willaddress key areas of your financial life beyond traditional investmentsand may incorporate diverse recommendations for building and pro-tecting your wealth.

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© 2011 Morgan Stanley Smith Barney LLC. Member SIPC. 102313 08/2011

Morgan Stanley Smith Barney LLC, its affiliates and MorganStanley Smith Barney Financial Advisors do not provide tax or legaladvice. This material was not intended or written to be used for thepurpose of avoiding tax penalties that may be imposed on the tax-payer. Clients should consult their tax advisor for matters involvingtaxation and tax planning and their attorney for matters involvingtrust and estate planning and other legal matters. Morgan StanleySmith Barney offers a wide array of brokerage and advisory servic-es to its clients, each of which may create a different type of rela-tionship with different obligations to you. Please contact us tounderstand these differences.

Morgan Stanley Smith Barney LLC (Morgan Stanley SmithBarney) is a registered brokerdealer, not a bank. Where appropriate,

Morgan Stanley Smith Barney has entered into arrangements withbanks and other third parties to assist in offering certain banking-related products and services. Unless otherwise specifically dis-closed to you in writing, investments and services offered throughMorgan Stanley Smith Barney, member SIPC, are not insured by theFDIC,are not deposits or other obligations of, or guaranteed by,banks and involve investment risks, including possible loss of prin-cipal amount invested.

Asset allocation and diversification do not guarantee a profit orprotect against loss.