Bonheur, Scott, Traino Group at

Morgan Stanley Wealth Management

Morgan Stanley Wealth Management

35 Village Road, Suite 601

Middleton, MA 01949

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Contact Information

Jason M. Traino, CFP®, CLU®, CRPS®

Executive Director, Financial Advisor

Direct (978) 739-3918

Jason.Traino@MorganStanley.com

www.MorganStanleyFA.com/BonheurScottTrainoGroup

Gregg E. Bonheur, CFP®, CLU®, CRPS®

Sr. Vice President, Financial Advisor

Direct (978) 739-3917

Gregg.Bonheur@MorganStanley.com

Michael G. Scott, CFP®, CLU®, CRPS®

Sr. Vice President, Financial Advisor

Direct (978) 739-3916

Michael.Scott@MorganStanley.com

Michele Vincent

Portfolio Associate

Direct (978) 739-3929

Michele.Vincent@MorganStanley.com

Maura Lewis

Senior Registered Associate

Direct (978) 739-3936

Maura.Lewis@MorganStanley.com

Nicole Leal

Client Service Associate

Direct (978) 739-3942

Nicole.Leal@MorganStanley.com

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About Morgan Stanley Wealth Management

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A Pure Investment Firm…

Note: All information for Morgan Stanley’s Wealth Management business as of March 30, 2015

1 Barron’s “Top 100 Financial Advisors,” April 20, 2015

2 Barron’s “Top 100 Women Financial Advisors,” June 03, 2015

3 Citibank, Morgan Stanley Bank NA, Morgan Stanley Private Bank National Association

Morgan Stanley is one of the largest, most established and most respected

wealth management firms in the world.

NEARLY

16,000

FINANCIAL ADVISORS

EXTENSIVE KNOWLEDGE BASE

built on diverse skills and experience

6.1 Million CLIENT ACCOUNTS

$2.0 Trillion IN CLIENT ASSETS

IN CLIENT ASSETS

$135 Billion IN BANK DEPOSITS

IN BANK DEPOSITS 4

A Pure Investment Firm…

Recognition of

Morgan Stanley Excellence

• Led Barron's 2015 "Top 100

Financial Advisors" list, earning

27 spots, including five in the

top 10, and half of top 20 1

• Earned 15 spots on Barron's

2015 "Top 100 Women

Financial Advisors” 2

• Received third highest score

in client service experience out

of 10 investment firms 3

5

Note: All information for Morgan Stanley as of March 30, 2015

Since 1935, Morgan Stanley has been a reliable partner for high net worth individuals,

families, businesses and institutions around the globe.

1,200 GLOBAL LOCATIONS

OVER

80 Years OF EXPERIENCE

$950 Million IN EARNINGS

Three core lines of business

Institutional Securities/Investment

Banking

Wealth Management

Investment Management

…Backed by the Strength of Morgan Stanley

WEALTH MANAGEMENT:

AN ESSENTIAL BUSINESS

• Wealth management is not a small

division within a large bank as it is

for a number of competitors; with

$2 trillion in client assets, it

accounts for more than 50% of

revenues

• The Firm has made significant

investment in this business

• CEO and senior management have

deep wealth management

experience, so clients are ensured

commitment from

the top

NEARLY

$65 Billion IN EQUITY CAPITAL

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Wealth Management Process & Team Profile

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Our Wealth Management Process

Initial Assessment

Review Financial Plan &

Recommendations

Agreement &

Implementation

Periodic monitoring of portfolio

through evaluation process

Schedules reviews of your

objectives and strategies

Adjusting your wealth

management strategies

accordingly

Perform a detailed assessment of

your goals and objectives

Understand the composition of

your net worth

Review your current asset

allocation

Help you develop investment goals

and performance measures

Help you to devise a personalized

wealth management plan

Make appropriate asset allocation

recommendations

Help you choose appropriate

investments within each asset class

Work with you to manage the effect

of taxes

Analyze and evaluate

appropriate financial

strategies

Work with you to select

financial products and

investment managers

Help you develop an efficient reallocation

plan

Our team focuses on essential aspects of your financial situation

throughout the wealth management process

Our team will review, assess and recommend appropriate

changes to your financial plan and portfolio on an ongoing basis

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Our team helps monitor your financial profile and needs, while

leveraging the full power of Morgan Stanley’s global platform

Complex Needs Provide Potential Planning Opportunities

Wealth Management

Strategies

Centered Around

YOU

Asset Management

Alternative Investments (hedge,

private equity)

Managed Accounts

Independent & Proprietary Portfolio

Management

Fixed Income & Equity Research &

Trading

Structured Products

Corporate Services

Retirement Plans

Cash Management

Deferred Compensation

Plans

Liability Management

Customized Lending

Securities Based Lending

Mortgages

Margin Lending

Insurance Planning

Wealth Replacement

Dynasty Trusts

Life Insurance Trusts

Life, Disability & Long Term Care

Insurance

Philanthropic Planning

Charitable Trusts

Family Foundations

Tax Management

Tax Reduction Strategies

Tax-Loss Harvesting

Charitable Giving

Estate Planning

Wealth Transfer Strategies

Estate Tax Minimization

Asset and Estate Protection

Corporate Executive Services

Pre-IPO Planning

Post Liquidity Event Planning

Single Stock Strategies

Restricted Stock / Rule 144

Transactions

10b5-1 Trading Programs

Stock Option Finance & Planning

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Virtual Team

We have carefully aligned ourselves with the following professionals who specialize in various

areas of wealth management. These individuals are integral members of our team and

contribute significantly to the range of services we provide to our clients

BST Group

Robert Goodall

Morgan Stanley

Lending Services

Ken Johnson

Morgan Stanley

Estate & Trust Planning

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Team Profile – Financial Advisors

Jason M. Traino, CFP®, CLU®, CRPS®

Jason has been a trusted Wealth Management Advisor to high net worth individuals, families,

corporate executives and business entrepreneurs since 1998 and started his career in financial

services in 1996. He has been recognized annually as one of the top advisors in the country. In

2014, the Financial Times included Jason as a member of their “Top 400 Financial Advisers”, a

prestigious list of the top 400 Financial Advisors nationally. Locally, Jason has been repeatedly

named by Boston Magazine as a “Five Star Top Wealth Advisor” (2012, 2013, 2014, 2015).

Jason is a CERTIFIED FINANCIAL PLANNER™, Chartered Life Underwriter®, Chartered

Retirement Plans Specialist®, and received his Certificate in Financial Planning from

Merrimack College. He focuses on providing comprehensive financial planning and total asset

& liability management to a select group of high net worth clients. Jason is also a Corporate

Retirement Director at Morgan Stanley, a designation given to a select group of advisors within

Morgan Stanley focusing on qualified and non-qualified plans. In this regard, Jason was named

to the inaugural 2015 Financial Times “Top 401k Retirement Plan Advisors”, a distinction given

to the top 401k Defined Contribution plan advisors across the broker-dealer and RIA channels.

Prior to joining Morgan Stanley and its predecessors in 2008, Jason was a top Wealth

Management Advisor at UBS and Merrill Lynch.

Committed to the future of the industry, Jason coaches other Morgan Stanley Financial Advisors

on how to run a successful wealth management practice. A graduate of Springfield College, he

is a member of the Merrimack Valley Venture Forum, and the Wakefield Toastmasters Chapter.

In addition, he is proud to work in a charitable capacity on the Massachusetts Society for the

Prevention of Cruelty to Children’s (MSPCC) annual DFK fundraising committee.

Jason, his wife Marissa, their son Niklas and daughter Keeley, reside in North Reading, MA.

When not spending time with his family and friends, he enjoys exercising, golfing and watching

all New England professional sports.

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Gregg E. Bonheur, CFP®, CLU®, CRPS®

With more than 24 years of experience as a Financial Advisor with Morgan Stanley, UBS, and

Merrill Lynch, Gregg delivers comprehensive wealth management services to high net worth

individuals, families and entrepreneurs to help manage and protect their assets for the long term.

Gregg is a CERTIFIED FINANCIAL PLANNER ®, and a member of a select group of advisors

within Morgan Stanley focusing on qualified and non-qualified retirement plans. Gregg also

holds his Chartered Life Underwriter® and Chartered Retirement Plans Specialist® designations.

After a serving an honorable 5 year tour in the United States Marine Corps, Gregg attended the

University of Massachusetts on a golf scholarship and was voted into their golf Hall of Fame in

1997. While at UMass Lowell, he was selected for the University’s prestigious All American Golf

Team, and the All American Scholar.

Gregg continues to be an active volunteer in the American Red Cross, Ironstone Farm, which uses

equestrian therapy for mentally and physically challenged children, and on the Board of

Directors of CLASS INC., an adult day care program for mentally and physically challenged

adults.

Gregg‘s interests include golf, physical fitness and traveling. He is a member of the Andover

Country Club and is currently Club Champion, and Senior Club Champion.

Gregg and his wife MaryBeth live in Lowell, MA on the mighty Merrimack River.

Team Profile – Financial Advisors

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Michael G. Scott, CFP®, CLU®, CRPS®

A trusted Financial Advisor for over 20 years, Mike works closely with a select group of high net

worth individuals, families, and business owners. He provides holistic financial planning around all

facets of his client’s lives. In addition, as a Corporate Retirement Director at Morgan Stanley, he

focuses on the design and implementation of all forms of retirement plans for various business

ownership structures. He brings a level of experience that both the plan sponsor and participants find

invaluable.

Mike is a CERTIFIED FINANCIAL PLANNER™, Chartered Life Underwriter®, Chartered

Retirement Plans Specialist®, and received his Certificate in Financial Planning from Merrimack

College. Currently a Senior Vice President with Morgan Stanley, Mike has been recognized by

Boston Magazine as a “Five Star Wealth Manager” in 2012, 2013, 2014, and 2015. Prior to joining

Morgan Stanley in October of 2008, Mike was a top Wealth Management Advisor for UBS and

Merrill Lynch for over 15 years combined.

Mike and his family reside in Methuen MA. An avid sports enthusiast and hockey fan, Mike coaches

his son’s ice hockey team and stays involved in Methuen Youth Sports. Along with spending time

with his wife Jenn and their three children, Mike enjoys playing hockey, golf and skiing. three

children, Mike enjoys playing hockey, golf and skiing.

Team Profile – Financial Advisors

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Michele Vincent- Portfolio Associate Michele started her career in the financial services industry with Advest, Inc. in 1982. After 15 years with Wachovia Securities she joined Morgan Stanley Smith Barney and its predecessors back in 2006. While at Wachovia she held the title of Vice President and Complex Operations Manager. Her licenses include Series 3, 7, 9, 10, 63, 65 and insurance license. As a veteran in the industry, she focuses on client service and client communication for our group. Her hobbies include spending time with her husband Denis and their two daughters, Olivia and Victoria; kayaking, camping, or gardening.

Maura Lewis- Senior Registered Associate Maura started her career in the financial services industry with PaineWebber in 1991. She spent her first 4 years as a Registered Sales Associate and 12 years as the operations manager in the Peabody branch, where she worked through the eventual merger of PaineWebber with UBS in 2001. Maura joined Morgan Stanley Smith Barney and its predecessors in February 2009. Her licenses include series 7, 9, 10 and 63. Maura, like Michele, focuses on client service and communications for our group’s valued clients. Her hobbies include skiing and exercising, and she is passionate about all levels of sports. Maura lives with her husband Barry, and two daughters Meagan and Nicole in Beverly, MA.

Team Profile – Client Service Associates

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Team Profile – Client Service Associates

Nicole Leal- Client Service Associate

Nicole is the newest member of the Bonheur, Scott, Traino Group joining us in June 2014. She

graduated from the University of Massachusetts at Dartmouth with a Bachelor’s degree in

Human Resources and Sociology. Nicole began her career in the financial industry at New York

Life Insurance Company as an insurance agent. She holds her Producers License and is

currently studying for her Series 7 exam. Nicole is dedicated to maintaining effective client

relationships.

Nicole is a resident and native of Methuen, MA. She is fluent in Portuguese and an active

member in her community’s Portuguese American Club. When she is not spending time with her

family, Nicole loves traveling and meeting new people.

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We believe that there are typically 4 or 5 major financial decisions someone will make in their

lifetime. Through our experience, disciplined financial planning process, and global

resources, our clients rely on us to guide them to the appropriate strategies for their family. As

Certified Financial Planners™, our team takes a planning based approach with every client to

help them grow, manage, and preserve their wealth for generations.

We find there are two types of people in the world; those who have a wealth management plan

by design and those who have one by default. We work with our clients to develop a

comprehensive plan by design that is disciplined and covers all aspects of their financial life.

With over 60 years of combined experience dealing with volatile markets, and the resources of

a global firm with a 130 year heritage, we help simplify the complexities that wealth can

bring.

Value Statement and Business Philosophy

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An individual designated as a Certified Financial PlannerTM has taken the extra step to demonstrate their

professionalism by voluntarily submitting to the rigorous CFP® certification process that includes demanding

education, examination, experience and ethical requirements. These standards are called “the four Es,” and they

are four important reasons why the financial planning practitioner you select should display the CFP certification

marks.

Through the Code of Ethics, CFP® practitioners agree to act fairly and diligently when providing you with

financial planning advice and services, putting your interests first. The Code of Ethics states that CFP

practitioners are to act with integrity, offering you professional services that are objective and based on your

needs. They are required to provide you with information about their sources of compensation and conflicts of

interest in writing.

When you work with a CFP® practitioner, you are the focus of the financial planning relationship and your

needs drive the financial planner’s recommendations. CFP practitioners follow certain standards – called

Financial Planning Practice Standards – when providing financial planning. These standards are based on a six-

step financial planning process.

When providing financial planning, a CFP® practitioner has agreed to define the scope of the work she or he

will do with you, explain and document the services she or he will provide, discuss the method of compensation

and relay any other relevant information. CFP practitioners are also required to work with you to determine your

personal and financial goals, your tolerance for financial risk, and your time frame for achieving results. Practice

Standards also require a CFP practitioner to gather all necessary financial information about you when

developing your personal financial plan.

Why You Should Choose a Certified Financial PlannerTM

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Important Morgan Stanley Wealth Management Disclosures

Source: The Financial Times “Top 400 Financial Advisors” is an independent listing produced by the Financial Times (March, 2014). The FT 400 is based in large part on data

gathered from and verified by broker-dealer home offices, and, as identified by the FT, reflected each advisor’s performance in six primary areas, including assets under

management, asset growth, compliance record, experience, credentials and accessibility. The rating may not be representative of any one client’s experience and is not indicative of

the Financial Advisor’s future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors pays a fee to The Financial Times in

exchange for the rating.

Five Star Professional, as a third party research firm, identified pre-qualified award candidates based on industry data and contacted all identified broker dealers, Registered

Investment Advisor firms and FINRA-registered representatives to gather wealth manager nominations. Self-nominations are not accepted. Award candidates are then evaluated

against 10 objective eligibility and evaluation criteria associated with wealth managers who must have a minimum of five years’ experience as an investment adviser representative

or other accepted credentials, client retention rates, client assets administered, firm review and a favorable regulatory and complaint history as defined by Five Star. Five Star

Professional determines the final list of Five Star Wealth Manager Award winners. The Award does not evaluate the quality of services furnished to clients and it is possible that the

recipient may have received unfavorable ratings from those surveyed. Five Star Professional collected the information for this Award through surveys it conducted.

Wealth managers and/or their firms do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers.

The Five Star award is not indicative of the wealth manager's future performance.

Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets.

The inclusion of a wealth manager on the list should not be construed as an endorsement of the wealth manager by Five Star Professional.

Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will

be awarded this accomplishment by Five Star Professional in the future.

For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com.

The Financial Times Top 401 Retirement Plan Advisors is an independent listing produced by the Financial Times (May, 2015). The FT 401 is based on data gathered from financial

advisors, firms, regulatory disclosures, and the FT’s research. The listing reflects each advisor’s performance in eight primary areas, including: DC plan assets under management;

DC plan assets as a percentage of overall AUM; growth in DC plan AUM; growth in DC plans advised; DC plan employee participation; professional designations; experience; and

compliance record. Neither the brokerages nor the advisors pay a fee to The Financial Times in exchange for inclusion in the FT 401.

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Important Morgan Stanley Wealth Management Disclosures The views expressed herein are those of the author and do not necessarily reflect the views of Morgan Stanley Wealth Management or its affiliates. All opinions are subject to change without notice.

Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. 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. 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.

Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third‐party corporate trustee.

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.

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.

This material is intended only for clients and prospective clients of the Portfolio Management program. It has been prepared solely for informational purposes only and is not an offer to buy or sell or a

solicitation of any offer to buy or sell any security or other financial instrument, or to participate in any trading strategy.

The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio

Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management

program is described in the applicable Morgan Stanley ADV Part 2, available at www.morganstanley.com/ADV or from your Financial Advisor.

Past performance of any security is not a guarantee of future performance. There is no guarantee that this investment strategy will work under all market conditions.

Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley has entered into arrangements with banks and

other third parties to assist in offering certain banking related products and services. Investment services are offered through Morgan Stanley.

Unless specifically disclosed in writing, investments and services offered through Morgan Stanley are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by,

a bank and involve investment risks, including possible loss of principal amount invested.

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Important Morgan Stanley Wealth Management Disclosures

Margin Loans are investment products offered through Morgan Stanley Smith Barney LLC. Margin Loans are securities-based loans, which can

be risky, and are not suitable for all investors.

Portfolio Loan Account (“PLA”) is a securities based loan/line of credit product offered by Morgan Stanley Bank, N.A.

Express CreditLine (“ECL”) is a securities based loan/line of credit product offered by Morgan Stanley Smith Barney LLC.

Borrowing against securities may not be suitable for everyone. You should be aware that securities-based loans involve a high degree of risk

and that market conditions can magnify any potential for loss. Most importantly, you need to understand that: (1) Sufficient collateral must be

maintained to support your loan(s) and to take future advances; (2) You may have to deposit additional cash or eligible securities on short notice;

(3) 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 may interrupt your long-term investment strategy and may result in adverse

tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or

Morgan Stanley Smith Barney LLC (collectively referred to as “Morgan Stanley”) reserves the right not to fund any advance request due to

insufficient collateral or for any other reason except for any portion of a securities-based loan that is identified as a committed facility; (5) Morgan

Stanley reserves the right to increase your collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the

right to call securities-based loans at any time and for any reason.

To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible

securities, which shall serve as collateral for the securities based loan.

Tailored Lending is a loan/line of credit product offered by Morgan Stanley Private Bank, National Association.

Residential mortgage loans/home equity lines of credit are offered by Morgan Stanley Private Bank, National Association, an Equal Housing

Lender - Nationwide Mortgage Licensing System Unique Identifier #663185. With the exception of the pledged-asset feature, an investment

relationship with Morgan Stanley Smith Barney LLC does not have to be established or maintained to obtain a residential mortgage loan/home

equity lines of credit.

With the exception of a margin loan, the proceeds from the loan products referenced may not be used to purchase, trade, or carry

margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin

stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other

brokerage account. The proceeds from a residential mortgage loan/home equity lines of credit also may not be used to make

payments on any amounts owed under the note, loan agreement, or loan security agreement.

Morgan Stanley Private Bank, National Association, and Morgan Stanley Bank, N.A. are affiliates of Morgan Stanley Smith Barney LLC, and are

each a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency.

The information contained herein should not be construed as a commitment to lend.

Morgan Stanley Smith Barney LLC. Member SIPC.