Sophisticated investors are increasingly considering alternative investments such as managed futures, hedge funds, private equity, real estate and exchange funds as a means of complementing their existing portfolios.

Nelson R. Maler, CFP®, Second Vice President – Wealth Management

Paul B. Smith, CFP®, Second Vice President – Wealth Management

Please join us to learn more about Morgan Stanley Smith Barney and:
•    How alternative investments may benefit your portfolio.
•    How do alternative investments work?
•    What can they add to a portfolio?
•    Could these investments be appropriate for my portfolio?

Due to the risks involved and suitability requirements, attendance is respectfully limited to Accredited Investors ($1 million net worth and greater).

Hosted by: Nelson R. Maler & Paul B. Smith, Morgan Stanley Smith Barney, 1867 Williams Highway, Suite 209, Grants Pass, OR  97527
Date: Thursday, Nov. 18th, 2010
Time: 5:30 pm to 7 pm.  Light dinner included.
Place: Guild Hall Event Center in The Guild Building, 1867 Williams Highway, Grants Pass, OR  97527
RSVP: Please RSVP by Friday, November 12th to  Sharon Hardy at 541-618-6424

Seating is limited; please call 541-618-6424 to reserve your space.

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.  This announcement is neither an offer to sell nor a solicitation to buy any security. The offer can be made only by prospectus or offering memoranda.  As further described in the offering documents, an investment in alternative investments can be highly illiquid, are speculative and not suitable for all investors.   Investing in alternative investments is only intended for experienced and sophisticated investors who are willing to bear the high economic risks associated with such an investment.  Investors should carefully review and consider potential risks before investing.  Certain of these risks may include: loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative practices; lack of liquidity in that there may be no secondary market for the fund and none is expected to develop; volatility of returns; restrictions on transferring interests in the Fund; potential lack of diversification and resulting higher risk due to concentration of trading authority when a single advisor is utilized; absence of information regarding valuations and pricing; complex tax structures and delays in tax reporting; less regulation and higher fees than mutual funds; and manager risk.  Individual funds will have specific risks related to their investment programs that will vary from fund to fund.  The opinions expressed herein or in the Fund’s offering documents may differ from opinions expressed by Morgan Stanley Smith Barney or any of its affiliates or businesses, and are not intended to be a forecast of future events or a guarantee of future results.

© 2010 Morgan Stanley Smith Barney LLC.  Member SIPC.

Investment Products: • Not FDIC Insured • No Bank Guarantee • May Lose Value