You Are Invited to Our Monthly Program

YOU ARE INVITED TO OUR MONTHLY PROGRAM DESIGNED FOR WOMEN’S INDIVIDUAL INVESTMENT NEEDS

While caring for others, many women neglect to make themselves a priority. Learning about financial planning can be a smart first step toward taking care of yourself.

We know you are busy, so come during your lunch and learn!

HOSTS and SPEAKERS:

The Compass Rose Group at Morgan Stanley Smith Barney

SIMONE M. GLADSTONE, CFP Vice President Investment Management Consultant Financial Advisor Morgan Stanley Smith Barney and LYNN T. CRAVINHO Financial Advisor Morgan Stanley Smith Barney

MATTHEW CROWTHER, CIMA Regional Vice President MFS Fund Distributors

TOPICS: IRA / ROTH IRA / Retirement Accounts

FRIDAY, March 18, 2011 12:15 – 1:15 PM Conference Room Morgan Stanley Smith Barney 64 South Main Street Essex, CT Lunch will be provided

Please extend this invitation to people in your life that may also benefit from attending.

Please respond by March 17, 2011 to Jen Chiappone, Client Services Associate (860)447- 4856 or email: [email protected] Space is limited

64 South Main Street Essex CT 06426

Sponsored by: Morgan Stanley Smith Barney LLC. Member SIPC The purpose of this program is to introduce women to individual investment strategies designed to help serve their investment needs. The purpose of this event is to have our guests open accounts with The Compass Rose Group at Morgan Stanley Smith Barney. The guest speaker is neither an employee nor affiliated with Morgan Stanley Smith Barney LLC. Opinions expressed by the guest speaker are solely his own and do not necessarily reflect those of Morgan Stanley Smith Barney.

Individuals should consult with their tax/legal advisors before making any tax/legal-related investment decisions as Morgan Stanley Smith Barney and its Financial Advisors do not provide tax/legal advice.

Interest in municipal bonds is generally exempt from federal income tax. However, some bonds may be subject to the alternative minimum tax (AMT). Typically, state tax-exemption applies if securities are issued within one’s state of residence and, local tax-exemption typically applies if securities are issued within one’s city of residence.

Bonds are affected by a number of risks, including fluctuations in interest rates, credit risk and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Bonds face credit risk if a decline in an issuer's credit rating, or creditworthiness, causes a bond's price to decline. Finally, bonds can be subject to prepayment risk. When interest rates fall, an issuer may choose to borrow money at a lower interest rate, while paying off its previously issued bonds. As a consequence, underlying bonds will lose the interest payments from the investment and will be forced to reinvest in a market where prevailing interest rates are lower than when the initial investment was made. NOTE: High yield bonds are subject to additional risks such as increased risk of default and greater volatility because of the lower credit quality of the issues.