�� The Koveleskie Group Informed perspectives, objective solutions The High Line, Manhattan The Koveleskie Group is committed to rigorous analysis and strategic thinking. We provide an indispensable relationship for any successful individual or family. Our wealth management team serves a community of sophisticated high net worth investors, exacting professionals and discerning business leaders who face complex challenges and demand the highest standards from their partners. For our clients, wealth is about more than net worth. It also means gaining the peace of mind that comes with knowing that each element of their finances is working together powerfully to maintain or achieve the lifestyle they want. We put a disciplined, thoughtful and highly dynamic approach to financial planning at the heart of all we do. Let’s begin the conversation about the ideas, strategies and solutions that can lead to your personal vision of financial freedom. Thomas R. Koveleskie, CFP® 212-333-8835 The Koveleskie Group UBS Financial Services Inc. 590 Madison Avenue, 23rd Floor (at 57th Street) New York, NY 10022 [email protected] 1 2 Experience that stands apart Investment Research Professional Before joining UBS in 2007, Thomas held a variety of senior Thomas Koveleskie has provided investment roles developing equity, fixed income, currency, commodities management services for private and institutional and economic research for: clients at some of the world’s leading banking organizations for over 15 years. • Deutsche Bank • Barclays Capital • CERTIFED FINANCIAL PLANNER™ practitioner • Banco Bilbão Vizcaya Argentaria • Executive M.B.A. graduate (Cornell University) Thomas has a broad range of analytical experience. He worked with Barclays’ global research team as a Supervisory Analyst covering investment-grade and high-yield corporate bonds, sovereign debt, foreign exchange, hard assets and precious metals. As vice president at BBVA, where he was a member of the investment policy committee of the Latin America research and strategy team, he managed valuation models and vetted the integrity of the firm’s stock recommendations. Global Profile Thomas’ extensive international background provides a unique advantage to his clients when navigating risks and opportunities in developed and emerging markets. Having worked, traveled and studied throughout Europe and Latin America, Thomas speaks, reads and writes: • German • Portuguese • Italian • French • Spanish Community Leadership Reflecting his commitment to ensure underserved youth have access to life-saving educational opportunities and healthcare, in 2004 Thomas became an active volunteer with the Hetrick-Martin Institute, home of the Harvey Milk High School, and served on its Board of Directors from 2007 to 2009. In 2008, Thomas founded the New York affiliate of the National Gay and Lesbian Chamber of Commerce, NGLCCNY. 3 A disciplined and sustainable planning process The Koveleskie Group empowers successful individuals and families to make better-informed financial and life choices through a five-phase wealth planning process. Our advisory approach is balanced, integrating potential risks against opportunities. Synthesizing all elements of your assets, liabilities, income and existing tax or estate 1 planning, we create detailed financial statements and concrete models to provide a clear-eyed understanding of the strengths, weaknesses, opportunities and potential Discover pitfalls that underlie your household’s current position. 2 Analyze 3 Recommend 4 “Financialchoicesareoftentrade-offsbetween Implement twogoods;helpingyoudiscernwhichwillbest guideyoutothelifepurposeofyourwealthis The Koveleskie Group’s commitment.” 5 Review 4 Taking complete inventory of where you stand today The first step is to generate a full range of assessments, including a personalized balance sheet; statements of activity and cash flow; and illustrations of risk management, tax and estate-planning scenarios. We meet with you during the discovery phase to 1 assemble the following information: • Income and expenses • Financial assets • Real estate • Liabilities Discover • Employee benefits • Insurance • Philanthropic giving • Estate-planning documents In addition to in-depth research of relevant financial, tax and legal documents, this step includes a series of personal interviews. We want to understand fully your values and interests, family relationships, current circumstances, as well as short-, medium- and long-term goals. Synthesizing your unique parameters for risk against your life goals The second step includes modeling your current and anticipated cash flows, savings, liabilities and asset valuations in order to identify issues that may present opportunities or pose risks to the protection of your wealth over time. These reports serve as the base case 2 against which we compare alternative scenarios, test hypotheses and validate the suitability of proposed courses of action. Analyze A personal risk assessment is included in this step. This review examines the costs and benefits of all existing life, disability and long-term-care insurance—whether owned personally or offered through an employer’s benefit plan—and the effects on estate planning. Agreeing on a set of solutions to move you forward By this time, The Koveleskie Group will understand how to align your wealth with the objectives and realities outlined during the inventory and assessment stages. In order to create a holistic strategy for you and your financial future, the third step focuses on: 3 • Developing your liquidity and longer-term investment goals • Structuring a cost-effective portfolio of disability, long-term care and life insurance to help protect your income and assets Recommend throughout your working and retirement years • Implementing wealth-transfer, estate-, tax- and retirement-planning strategies based on your cash flow needs, financing objectives and investment allocation • Incorporating guidance from your legal, tax and other advisors Building a holistic financial structure to realize your strategy Our team puts the plan into action by sourcing investment and other financial products through UBS’s open architecture private banking platform. By aligning all flows in our clients’ operating, liquidity and strategic investment accounts with the objectives mapped out in financial plan, we enable our clients to achieve an optimal distribution of cash and effectively meet their budgeting, 4 savings, risk management, borrowing and investment goals. Implement Checking progress toward your life goals Throughout our relationship, we keep up to date on your life changes and review portfolio performance. We then adjust and 5 rebalance your strategy, document revisions to the financial plan and deliver new resources as appropriate. Review 5 Constructing your customized portfolio Choices and allocations of investments are not a one-size-fits- Beyond traditional investments, The Koveleskie Group all model conceived in isolation. Rather, they are a function of provides access to a range of additional strategies for eligible the strategic course that you and our team set forth during high and ultra-high net worth clients: the development of your financial plan. Based on the capital preservation, intermediate-range and long-term growth • Equity IPOs objectives determined in Step 3 of The Koveleskie Group’s • Private placements planning process, we generally advise asset allocation across three different timelines—short-, medium- and long-term. • Absolute return • Long-short Asset Allocation* • Market neutral A properly diversified asset allocation capitalizes on market opportunities while managing potential risks. At • Venture capital The Koveleskie Group, we take this investment management • Private equity best practice a step further by overlaying a tactical and • Hedge fund-of-funds strategic approach that allows for flexibility to respond to shorter-term market conditions. • Options • Futures Core portfolios are typically made up of equities, taxable fixed • Managed futures income and municipal bonds. These holdings are executed through separately-managed accounts (SMAs)—a vehicle that • Currencies offers transparency, tax efficiency and convenience. • Precious metals The tactical portion of the portfolio, which is generally more • Commodities actively managed, most often makes use of transactions in • Foreign exchange exchange-traded products such as ETFs and ETNs, closed-end • Infrastructure funds as well as individual stocks and bonds. • Real estate investment trusts and other property investments * Asset Allocation does not guarantee a profit or protect against a loss. 6 The global strength of UBS focused on your individual vision From years of listening to our clients, we have developed Legal Professionals strategic perspectives that focus on your specific needs. Legal professionals face unique challenges when structuring Perhaps one, or several, of these categories matches their finances. We help our clients navigate the complexities your situation. of variable incomes, capital contribution requirements, tax payments and unexpected expenses. Whether you are a Corporate Executives senior partner looking toward retirement or are one with To help you get the most out of your executive compensation expanding responsibilities, our team is dedicated to helping package, The Koveleskie Group and supporting teams of UBS you grow your wealth, unlock liquidity and protect your assets. specialists are available to provide you with such services