Choosing the right pathStephen Yaworsky, Brian Bevan, Bart Hiner, Sharon Stout Date

CRC# 48942704/12

Exp. 03/13© 2012 Morgan Stanley Smith Barney LLC. Member SIPC.

Tools For Today’s Business

The Path Less Traveled

Today and Tomorrow Retirement

• When can I?

• How much will I need?

• How can I prepare?

Help with my business now

•Security Based Lending

•Jumbo Loans

•Professional Alliance

A growing concern for many investors today is: • Can you plan for an early

retirement?

• Will you be able to maintain your current lifestyle?

• Where will your retirement funds come from?

Retirement Analysis

The Road Toward a Comfortable Retirement

HOW DO YOU ENVISION YOUR

RETIREMENT?• Determine goals• Establish a savings

habit• Work with your Morgan

Stanley Smith Barney professional to today to help you plan for your vision

ROADMAP-

• Receive an estimate of your potential retirement surplus or shortfall

• See the potential results of investing in a taxable, tax deferred, or tax free account

• Obtain recommended contribution amounts, rates of return, or revised income goals

Formulate an Effective Investment plan

Estimate potential retirement income based on your current assets

Assess savings, investments, contributions, and growth rates

Calculate the probability of meeting your retirement goal

Assess Your Financial Situation

• Sources of retirement income and amounts expected from each source

• Value of investments for each year until end of your life expectancy with year by year cash flow analysis

• Savings, growth, contributions,and recommendations

Get your comprehensive report

that can give you:

• Eligible securities in your brokerage account are held as collateral.

• Allows you to take advantage of the underlying value in your portfolio without disrupting your investment strategy.

• Offers a convenient, flexible alternative to costly and restrictive financing platforms.

Securities Based Lending

• No proof of W-2 income required

• No origination or maintenance fees

• Minimum facility: $100,000 on loans

• Competitive rates based on Libor+

• Functions as a standby credit line

Special Features

• Bridge loan

• Second home

• Down payment

• Construction loan

• Permanent Financing

• No Pre-set Principal and Interest Payments

Use it for a:

Home Loans- Up to $5,000,000Jumbo Loan Product Summary

• Special Features

• Qualifying income may be derived from assets as part of the loan qualification

• Fixed or variable programs available

Up to $5,000,000• Programs

– Purchase and Refinance

– Cash-Out Refinance

(restrictions apply)

• Closing Costs

– Standard closing costs, such as appraisal, title insurance and attorney’s or escrow agent’s fees etc

• Property and Occupancy Types– Primary Residence and Second Homes

– One-Unit Properties

– Condominium and Cooperatives that meet eligibility

– Investment Properties

– One-to-four Unit Properties

Enhance your professional practice

• Expand the services available to your clients

• Leverage the experience of an industry leader in wealth management

• Increase potential profitability through a net recurring revenue stream

• Distinguish your firm from the competition

Professional Alliance:

We Can Help You-• Financial Planning

• Retirement Planning

• College Planning

• Individual Retirement Accounts

• Corporate Retirement Accounts

• 401(K) Rollovers

• Life Insurance

• Annuities

• Portfolio Management

• Portfolio “Stress Testing”

Stephen Yaworsky Financial Advisor 801-322-7624 stephen.yaworsky@mssb.com

Brian Bevan Financial Advisor801-322-7694 brian.r.bevan@mssb.com

Bart Hiner Portfolio Manager Financial Advisor

801-322-7636 bart.l.hiner@mssb.com

Sharon Stout Financial Advisor801-322-7634 sharon.stout@mssb.com

60 East South Temple Suite 2000, Salt Lake City, Utah 84111

Borrowing against securities may not be suitable for everyone. You should be aware that securities‐based loans involve a high degree of risk andthat market conditions can magnify any potential loss. Most importantly, you need to understand that: ‐The loan can be called at any time and

for any reason. – Sufficient collateral must be maintained to support your loan(s) and to take future advances. – You may have to depositadditional eligible securities or funds for investment on short notice. – Some or all of your securities may be sold without prior notice in order to

maintain account equity at required maintenance levels. You will not be entitled to choose the securities that will be sold. These actions mainterrupt your long‐term investment strategy and may result in adverse tax consequences or in additional fees being assessed. – Morgan StanleySmith Barney or its affiliates (the Firm) reserves the right not to fund any advance request due to insufficient collateral or for any other reason. –

Your collateral maintenance requirements can be increased at any time without notice.Proceeds from mortgage loan transactions are not permitted to be used to purchase trade or carry marginable securities, repay margin debt or

to make payments on any amounts owed under the Note.

Morgan Stanley Smith Barney LLC. 2000 Westchester Avenue, Purchase, NY 10577. Tel: 800‐869‐3326. Nationwide Mortgage Licensing SystemUnique Identifier No. 171760. Arizona Mortgage Broker License No. 0910887. California Department of Corporations Finance Lenders Law

License No. 603H431. Georgia Residential Mortgage Licensee No. 23976. Kansas Licensed Mortgage Company No. MC.0025024. MassachusettsMortgage Broker License No. MB5439. Montana Mortgage Broker License No. 171760. Licensed by the New Hampshire Banking Department.Licensed by the New Jersey Department of Banking and Insurance. Registered Mortgage Broker—NYS Banking Department. Ohio Mortgage

Broker Act Certificate of Registration No. MB.804039.000. Rhode Island Licensed Loan Broker. Mortgage brokers may not make loans. HomeLoans are made by Morgan Stanley Private Bank, National Association or other affiliated lenders, not Morgan Stanley Smith Barney LLC.

Mortgage brokers may not make loans.

Except where noted, banking and credit products and services are provided by Morgan Stanley Private Bank, National Association., MorganStanley Bank, N.A. or other affiliates. Morgan Stanley Private Bank, National Association and Morgan Stanley Bank, N.A. members FDIC, are

national banks and depository institutions regulated by the Office of the Comptroller of the Currency. Residential mortgages and other homeloan products and services are offered by MSPBNA or other affiliated lenders. A Morgan Stanley Smith Barney investment relationship does not

have to be established or maintained to obtain the products or services offered as part of the Home Loans program. All loans are subject toapplication and approval. These products may not be available in all jurisdictions and are limited to U.S. citizens and permanent resident aliens

only.

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, not a bank. Where appropriate, Morgan Stanley Smith Barney has entered intoarrangements with banks and other third parties to assist in offering certain banking related products and services.

All loans are subject to application and approval.The Pledged‐Asset Mortgage feature is not available in Washington, DC and West Virginia. If the value of the pledged securities in your

accountdrops below the agreed‐upon level stated in your loan documents, you will be required to deposit additional securities or other collateral

(suchas cash) to stay in compliance with the terms of the mortgage. If you do not, your pledged securities may be sold to satisfy such obligation,

andyou will not be entitled to choose which assets will be sold. Thus, in deciding whether the Pledged‐ Assets Mortgage feature is right for you,

youshould consider the degree to which you are comfortable subjecting your investment in a home to the fluctuations of the securities market.These products may not be available in all states and are limited to U.S. citizens and permanent resident aliens only. Residential loans are

notavailable in Guam, Puerto Rico and the Virgin Islands. Loans are subject to credit approval. Other restrictions may apply. Morgan Stanley

PrivateBank, National Association underwriting guidelines will apply. Loans are subject to credit application and loan approval. Rates, terms and

programs are subject to change without notice.

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.

Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney's licensed insurance agency affiliates.

Investments and services offered through Morgan Stanley Smith Barney LLC, member SIPC.

Morgan Stanley Smith Barney does not provide tax or legal advice. Please consult your tax and/or legal advisors for such guidance.

Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

2012 ©Morgan Stanley Smith Barney LLC, Member SIPC.

April 25, 2012