Outdoor Power Equipment

January 2017

Proudly serving the industry for which it was named for more than 50 years, Outdoor Power Equipment provides dealers who sell and service outdoor power equipment with valuable information to succeed in a competitive market.

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SOURCES/DISCLAIMER: 1 Asset allocation and rebalancing do not assure a profi t or protect against loss in a declining market. There may be a potential tax implication with a rebalancing strategy. Please consult your tax advisor before implementing such a strategy. 2 For nonqualifi ed withdrawals, restrictions, penalties and taxes may apply. If you'd like to learn more, please contact Brad Stanek at (312) 648-3381. Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC ("Morgan Stanley"), its affi liates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not "fi duciaries" (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in a written agreement with Morgan Stanley. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account. Asset allocation, diversifi cation and rebalancing do not assure a profi t or protect against loss. There may be a potential tax implication with a rebalancing strategy. Please consult your tax advisor before implementing such a strategy. Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affi liates. Not all products and services discussed are available at Morgan Stanley. The author(s) and/or publication are neither employees of nor affi liated with Morgan Stanley Smith Barney LLC ("Morgan Stanley"). By providing this third-party publication, we are not implying an affi liation, sponsorship, endorsement, approval, investigation, verifi cation or monitoring by Morgan Stanley of any information contained in the publication. The opinions expressed by the authors are solely their own and do not necessarily refl ect those of Morgan Stanley. The information and data in the article or publication has been obtained from sources outside of Morgan Stanley, and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Neither the information provided nor any opinion expressed constitutes a solicitation by Morgan Stanley with respect to the purchase or sale of any security, investment, strategy or product that may be mentioned. Article by Contently and provided courtesy of a Morgan Stanley Financial Advisor. Brad Stanek may only transact business, follow-up with individualized responses, or render personalized investment advice for compensation, in states where he is registered or excluded or exempted from registration, http://www. morganstanleyfa.com/thestanekgroup/. © 2016 Morgan Stanley Smith Barney LLC. Member SIPC. CRC 1558869 07/16 Brad Stanek Call 1.800.841.3989 or visit rotarycorp.com ©2016 Rotary Corporation. Rotary is a registered trademark of Rotary Corporation. Available through servicing dealers & distributors. Over 9,500 parts for outdoor power equipment! www.outdoorpowerequipment.com OUTDOOR POWER EQUIPMENT JANUARY 2017 25 IMAGE @ISTOCKPHOTO.COM/BAONA.

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