Working together focused on one thing - your future.

The Fleischer Group atMorgan Stanley

101 W Big Beaver RoadSuite 1200, Troy, MI 48084

248-740-7100 / MAIN

800-227-1931 / TOLL-FREE 248-740-9530 / FAX

michael.fleischer@morganstanley.com

The Fleischer Group atMorgan Stanley

When we meet with clients approaching retirement, their firstquestion is: “Do I have enough?”

They want to know if they can keep their lifestyle in retirement.The answer to that question depends on what your goals are:• Are you hoping to travel to all the places you’ve always dreamed of?• Is it your goal to retire early so that you can spend more time with

family?You may want to do all these things, and even more that you haven’t

had time to articulate. Whatever retirement scenario you envision,getting there will require a plan.

In this changing economic climate, creating a sound retirement strategyrequires guidance and insight. My team can help guide you every step ofthe way by providing a comprehensive analysis of your current financialsituation, including current assets, Social Security, pensions, and 401(k)s.With your goals as our guide, we will create a financial plan and aninvestment portfolio that aims to provide the income stream you need tomeet your desired objectives.

3THE FLEISCHER GROUP

Meet the Professionals

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Michael FleischerFinancial Planning SpecialistSenior Vice PresidentSenior Investment Management Consultant

Michael Fleischer is a FinancialAdvisor, Senior Vice President,Financial Planning Specialist andfounder of The Fleischer Group atMorgan Stanley. He concentrates onretirement planning and wealth man-agement strategies.

Michael graduated with honorsfrom Michigan State University andbegan his financial career in 1998 atPaine Webber. A year and a half later,he earned a position with MorganStanley, where he has remainedsince.

With over fifteen years of experi-ence in the industry, Michael brings acomprehensive level of experience tohis position. He is passionate abouthelping clients—he listens to theirconcerns and truly cares about theirfinancial success. As of 2014, he man-ages more than $200 million of

clients’ hard-earned assets. In 2008,Michael was recognized by Crain’sDetroit Business magazine as one ofthe top 40 Wealth Advisors in theState of Michigan. He has also beenrecognized in 2012, 2013, and 2014 inHour Detroit Magazine as one of thetop wealth advisors in the Detroitmetropolitan area. He was also amember of Smith Barney’s, nowMorgan Stanley's, prestigiousMaster’s Club from 2009 to 2013.Michael was a member of SmithBarney’s Blue Chip Council in 2003and Smith Barney’s ChairmanCouncil in 2004. He has earned hisSeries 7, 31, 63, 65, and Life Insuranceand Variable Annuity licenses.

Michael lives in the WestBloomfield community. When he’snot working, he enjoys coaching hissons’ football teams, exercising andspending time with his three kidsand his wife, Tiffany.

Stacey De RidderFinancial Planning AssociateSenior Registered Associate

Stacey DeRidder is a SeniorRegistered Associate for MorganStanley. Her responsibilities includebeing the liaison for clients and man-aging all day-to-day operationalneeds.

With nineteen years of experience,Stacey knows how to aid in the func-tioning of a top-level wealth manage-ment group. Her superior client serv-ice and interpersonal skills make herinvaluable to the Morgan Stanleyteam. In addition, she has earned herSeries 7 and 63 licenses.

In her free time, Stacey enjoysreading and spending time with herfamily.

Barbara Van Der MaasClient Service Associate

Barb VanDerMaas is a ClientService Associate for Morgan Stanley.She is responsible for handling clientservice operations, providing qualityassistance to clients and staff, andassisting in the management of busi-ness needs.

Barb knows how to provide excep-tional service to clients and the staffas a whole. Her years of experienceand knowledge of the wealth man-agement industry provide her withthe necessary skills to build closeclient relationships and exceed clientservice expectations.

In her free time, Barb enjoys trav-eling, cooking and spending timewith her family.

Our services

Our skilled wealth management team offers clients the followingservices:

l Retirment income planning andcash flow analysisl Wealth accumulation

l Trust and estate strategiesl Tax-minimization strategiesl Asset preservation

l Effective wealth distribution andgifting strategiesl Philanthropic planning services

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Four-step wealth managementplan

Whether your financial goal is to grow wealth, preserve it or pass iton to others, we’ve developed and refined a comprehensive four-partplan to help assess, strategize, implement and continually evaluateyour investment strategy.

11..)) DDiissccoovveerryy•Help you assess your current finan-cial situation•Discuss your financial goals andobjectives•Talk about goals for your family andyour lasting legacy•Help define your investment timeframe and level of risk22..)) SSttrraatteeggyy FFoorrmmuullaattiioonn•Help create a customized invest-ment strategy based on your specificneeds and risk tolerance•Provide portfolio design, goal-ori-ented asset allocation and solutionsfor income needs

•Develop step-by-step financial plans,education plans and charitable givingplans•Use the financial planning process toassess your retirement needs, collegesavings, charitable giving, etc.•Advise on company sponsored plans:401k, stock options/grants anddeferred compensation•Study cash flow and liability require-ments•Seek to develop strategies to helpminimize tax liabilities33..)) IImmpplleemmeennttaattiioonn•Provide a step-by-step investmentimplementation plan

•Integrate your equity compensationand other employer benefits into yourinvestment strategy•Offer consultation with your attor-neys and tax advisors to ensure a uni-fied plan moving forward44..)) MMoonniittoorr aanndd RReevviieeww•Continually assess investment allo-cation to determine if adjustments areneeded•Conduct formal reviews throughoutthe year to monitor your progress•Adapt strategies based on the chang-ing tax and regulatory environments•Adjust for life events and marketcycles

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Our core valuesWWee wwaanntt ttoo kknnooww eevveerryytthhiinngg aabboouuttyyoouu..To create the best possible retirementplan for you, we need to know you.What keeps you up at night? Why ismoney important to you? How do youenvision life when you retire? We askthese questions and more. Then welisten. Very carefully.

WWee ccaarree mmoorree aabboouutt yyoouu aanndd yyoouurrffiinnaanncciiaall iinnvveessttmmeennttss tthhaann aannyyoonneewwhhoo ddooeessnn’’tt sshhaarree yyoouurr llaasstt nnaammee..We live and work in this community. Ihave devoted my over fifteen-yearcareer to serving the retirees, employ-ees and executives who live here. My

team will help you define yourdreams for the future and develop astrategy aimed at helping you fulfillthem.

OOuurr rreellaattiioonnsshhiipp llaassttss bbeeyyoonndd tthhee ccrree--aattiinngg ooff aa ffiinnaanncciiaall ppllaann..Our relationship is ongoing, fromstrategy to implementation to evalua-tion and continual alignment. Fordecades to come.

WWee pprroovviiddee yyoouu wwiitthh tthhee ppeerrssoonnaallsseerrvviiccee ooff aa llooccaall ffiirrmm ccoommbbiinneedd wwiitthhtthhee ddeeeepp rreessoouurrcceess ooff aa wwoorrllddwwiiddeewweeaalltthh mmaannaaggeemmeenntt ffiirrmm..

As Morgan Stanley FinancialAdvisors, we have access to some ofthe best research, analysis and tools.We will use all of these resources tocreate the appropriate financial planand portfolio for you and your family.

WWee wwiillll bbee rreevviieewwiinngg oobbjjeeccttiivveess..We like to be in regular and consistentcontact with our clients so that weknow how they are doing and whatthey need. We will periodically calljust to touch base and keep up withwhat’s happening and any possiblechanges in your life.

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"Planning is bringing the future into the present so that you can dosomething about it now."

-- AAllaann LLaakkeeiinn

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Honors and recognition

2012, 2013, 2014 Detroit Hour Magazine ranked us as one of the top-scoring Wealth Managers in the DetroitMetropolitan Area

2008 Crain's Detroit Business named us Top 40 Wealth Advisors in the Detroit Metropolitan Area

Formerly Smith Barney’s Master's Club 2009, 2010, 2011, 2012, 2013

Formerly Smith Barney’s President's Council 2005, 2006, 2007, 2008

Formerly Smith Barney’s Chairman's Council 2004

Formerly Smith Barney’s Blue Chip Council 2003

Awards

Let’s get startedIf you are within a few years of retirement, it is time to decide whatyou want your future to look like. You may want to travel, downsize,or simply spend more time with your family. With your goals as ourblueprint, my team will work with you to craft a financial plandesigned to help you meet your objectives.For over fifteen years it has been my privilege to help the membersof this community create the kind of retirement they want for them-selves. I have helped countless retirees navigate the difficult eco-nomic climate and maintain their peace of mind. My team has theexperience and skills to make the transition to retirement easier andless stressful for our clients.Please feel free to contact me. I welcome the opportunity to helpcreate the future you want for yourself and your family.Sincerely,Michael FleischerThe Fleischer Group at Morgan Stanley

© 2014 Morgan Stanley Smith Barney LLC. Member SIPC. 2916026 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. This material was notintended or written to be used, and it cannot be used, for the pur-pose of avoiding tax penalties that may be imposed on the taxpay-er. Clients should consult their tax advisor for matters involving tax-ation and tax planning and their attorney for matters involving trustand estate planning and other legal matters.

The investments listed may not be suitable for all investors.Morgan Stanley Smith Barney LLC recommends that investors inde-pendently evaluate particular investments, and encouragesinvestors to seek the advice of a financial advisor. The appropriate-ness of a particular investment will depend upon an investor's indi-vidual circumstances and objectives.

The Five Star Wealth Manager Award (“the Award”) is based onrequired eligibility criteria including, but not limited to: Activeemployment in the financial services industry for a minimum of fiveyears and registrations as an investment adviser representative (orother accepted credentials), favorable regulatory/complaint historyhistory reviewed defined by Five Star as not having (1) been subjectto a regulatory action that resulted in a license being suspended orrevoked, or payment of a fine, (2) had more than a total of threecustomer complaints filed against them (settled or pending) withany regulatory authority or Five Star Professional’s consumer com-plaint process, (3) individually contributed to a financial settlement

of a customer complaint filed with a regulatory authority, (4) filedfor bankruptcy, or (5) been convicted of a felony, fulfilled internalemployer standards, and acceptance of new clients. The followingevaluation criteria are also considered: 1-year and 5-year retentionrate, administration of non-discretionary client assets, number ofhouseholds serviced, and designations (e.g., professional, education-al) . The Award does not evaluate the quality of services furnishedto clients and it is possible that the recipient may have receivedunfavorable ratings from those surveyed. Neither Morgan Stanleynor its Financial Advisors compensated any person or entity to beconsidered for the Award and the Award is not indicative of theFinancial Adviser’s future performance. Five Star Professional col-lected the information for this Award through surveys it conducted.

(c) 2014 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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