Premier Cash Management

Morgan Stanley offers a suite of cash management solutions that provides an attractive alternative to a traditional bank.

What makes Morgan Stanley different?The Relationship You WantPersonalized advice and service from your Financial Advisor and their team backed by U.S.-based Cash Management Service Professionals available 24 hours a day, 7 days a week.

The Solutions You NeedTools built with your unique needs in mind including ATM fee rebates at over 2 million ATMs worldwide, high mobile check deposit1 and electronic funds transfer limits, and a funds availability policy that makes most check deposits available immediately for investment purposes.2

The Recognition You DeserveThrough the complimentary Premier Cash Management Program you enjoy an expanded set of valuable and unique benefits. See below for more details.

Premier Cash ManagementWith the Premier Cash Management program, you gain access to select benefits, savings and enhanced services that have been designed exclusively for you.

SAVINGS AND BONUSES

• Annual Active Assets Account and cash management service fee waivers

• Enhanced Debit Card benefits including unlimited global ATM fee rebates and no foreign transaction fees

• $550 Annual Engagement Bonus for Reserved Clients with the Platinum Card from American Express Exclusively for Morgan Stanley.* Certain Morgan Stanley Debit Cardholders may also qualify.**

PREMIUM SERVICE

• Access to U.S.-based Cash Management Service Professionals when your Financial Advisor is unavailable

• Front-of-the-queue priority• Complimentary expedited Debit Card

and check delivery

IDENTITY PROTECTION

• Identity theft monitoring• Email and text alerts• $1 Million Identity Theft Insurance• Fraud resolution assistance• Lost wallet service• Three-bureau credit reporting

* If you do not meet a minimum spending requirement of $1,000 on your Platinum Card from American Express Exclusively for Morgan Stanley, then Morgan Stanley may be required to report the $550 Annual Engagement Bonus as taxable income on your Form 1099. ** You may be eligible to receive the Annual Engagement Bonus if you are a cardholder of one or more Morgan Stanley Debit Card(s) with your aggregate debit card spend across eligible accounts totaling at least $100,000 during the calendar year. Limit one (1) Annual Engagement Bonus per qualifying client per calendar year. For more information, please refer to the Premier Cash Management Terms and Conditions.

PREMIER CASh MAnAgEMEnT

Once in the Premier Cash Management program, you will enjoy automatic annual renewal with no interruption in benefits, as long as you continue to maintain your Premier status as indicated above.

CASh BAlANCE REqUIREMENT AND PAYMENT SERVICES REqUIREMENT

Monthly total direct deposit of $2,500+ across eligible accounts

OR

Maintain average daily cash balances of $50,000+ across eligible accounts

Use any two or more of the following Morgan Stanley payment types each month:• Check Writing• Online Bill Pay3

• Automated Clearing House Payments• Debit Card• The Morgan Stanley Cards from American Express

© 2017 Morgan Stanley Smith Barney LLC. Member SIPC. PBG8596827 CRC1721942 03/17 CS 8842977 03/17

1 Mobile remote deposit is subject to terms and conditions. Daily limits vary and are dependent on asset level. Transfers of up to $100,000 daily for existing Reserved clients.2 While Morgan Stanley will always make transferred and deposited funds available immediately for investment purposes, we may not make all transferred or deposited funds immediately available for withdrawal. Funds deposited by check or funds transfer may be delayed depending on certain circumstances such as dollar value, account status, etc., and could be held for up to six business days. Please contact your Financial Advisor or Private Wealth Advisor for additional information and review the Fund Availability Policy by signing into your Morgan Stanley Online account.3 Bill payments can take up to four business days for the payee to receive.

Reserved clients are eligible for unlimited ATM fee rebates and Non-Reserved clients are eligible for up to $200 in ATM fee rebates per calendar year. The $200 per calendar year cap does not apply to Premier Cash Management Accounts.

Premier Cash Management is an incentive program that recognizes and rewards clients for choosing Morgan Stanley for their everyday cash management needs. Clients must meet certain criteria in order to qualify for the Premier Cash Management program, and Morgan Stanley Smith Barney LLC reserves the right to change or terminate the program at any time and without notice. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with affiliated and non-affiliated parties to assist in offering certain products and services related to Premier Cash Management. Please refer to the Premier Cash Management Terms and Conditions for further details at: http://www.morganstanley.com/wealth-disclosures/premiercashmanagementtermsconditions.pdf

The Active Assets Account (“AAA”) is a brokerage account offered through Morgan Stanley Smith Barney LLC.

The Morgan Stanley Debit Card is currently issued by UMB Bank, N.A., pursuant to a license from MasterCard International Incorporated. Master- Card and Maestro are registered trademarks of MasterCard International Incorporated. The third-party trademarks and service marks contained herein are the property of their respective owners.

Fee waivers and benefits for the Morgan Stanley Debit Card will be applied only to debit card(s) associated with the AAA designated to receive Premier Cash Management benefits. These benefits include: (1) fees charged by third-party ATM operators for cash withdrawals are automatically reimbursed to the extent they can be identified by Morgan Stanley; and (2) foreign transaction fees are waived.

Morgan Stanley Reserved rewards clients with $1,000,000 or more in eligible household assets and liabilities at Morgan Stanley or who pay over $10,000 in annual fees at Morgan Stanley with special benefits and

services, including a comprehensive fee waiver and access to dedicated toll-free number for the Reserved Client Service Center. Morgan Stanley reserves the right to change or terminate the Reserved program at any time and without notice.

Reserved program participants’ accounts and activity are reviewed periodically to confirm that they continue to qualify for this program.

The Morgan Stanley Mobile App is currently available for iPhone® and iPad® from the App StoreSM and for Android™ on Google Play™. Subject to cell phone connectivity. Standard messaging and data rates from your provider may apply.

The Premier Cash Management program and the Annual Engagement Bonus for Reserved Clients are not provided by American Express. The Premier Cash Management program, and fulfillment of the Annual Engagement Bonus, and their respective terms, conditions and restrictions are the sole responsibility of Morgan Stanley Smith Barney LLC.

The Morgan Stanley Credit Card from American Express or the Platinum Card® from American Express exclusively for Morgan Stanley is only available for clients who have an eligible Morgan Stanley Smith Barney LLC brokerage account (“eligible account”). Eligible account means a Morgan Stanley Smith Barney LLC brokerage account held in your name or in the name of a revocable trust where the client is the grantor and trustee, except for the following accounts: Charitable Remainder Annuity Trusts, Charitable Remainder Unitrusts, irrevocable trusts and employer-sponsored accounts. Eligibility is subject to change. American Express may cancel your Card Account and participation in this program, if you do not maintain an eligible account. Morgan Stanley Smith Barney LLC may compensate your Financial Advisor and other employees in connection with your acquisition or use of either the Morgan Stanley Credit Card from American Express or the Platinum Card® from American Express exclusively for Morgan Stanley.

The Morgan Stanley Cards from American Express are issued by American Express Bank, FSB, not Morgan Stanley Smith Barney LLC. Services and rewards for the Cards are provided by Morgan Stanley Smith Barney LLC, American Express or other third parties. Restrictions and other limitations apply. See the terms and conditions for the Cards for details. Clients are urged to review fully before applying.

Morgan Stanley Smith Barney LLC is a registered broker-dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking-related products and services.Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

To learn more about Premier Cash Management, contact your Financial Advisor or Private Wealth Advisor, or visit: www.morganstanley.com/premier

qualifying for Premier Cash Management

By meeting the requirements as outlined below for three consecutive months, qualifying for Premier Cash Management is easy.