• June 14, 2021
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    Today's Labor Quote: Bartolomeo Vanzetti

    “Never in our full life could we hope to do such work for tolerance, for justice, for man's understanding of man as now we do by accident.”

    Vanzetti, the Italian activist and anarchist, along with Nicola Sacco, went on trial on this date in 1921; they were eventually executed as part of a government campaign against dissidents.

    TODAY'S LABOR HISTORY

    This week’s Labor History Today podcast: Passaic textile strike & LAWCHA preview. Last week’s show: Sea Shanties and the Pleasure of Work  

    May 21
    The “Little Wagner Act” is signed in Hawaii, guaranteeing pineapple and sugar workers the right to bargain collectively.  After negotiations failed a successful 79-day strike shut down 33 of the territory’s 34 plantations and brought higher wages and a 40-hour week - 1945 

    Nearly 100,000 unionized SBC Communications Inc. workers begin a four-day strike to protest the local phone giant’s latest contract offer - 2004 


    May 22
    Eugene V. Debs imprisoned in Woodstock, Ill. for role in Pullman strike - 1895 

    While white locomotive firemen on the Georgia Railroad strike, blacks who are hired as replacements are whipped and stoned -- not by the union men, but by white citizens outraged that blacks are being hired over whites.  The Engineers union threatens to stop work because their members are being affected by the violence - 1909

    Civil Service Retirement Act of 1920 gives federal workers a pension - 1920 

    U.S. President Lyndon B. Johnson announces the goals of his Great Society social reforms: to bring “an end to poverty and racial injustice” in America - 1964


    May 23
    An estimated 100,000 textile workers, including more than 10,000 children, strike in the Philadelphia area.  Among the issues: 60-hour workweeks, including night hours, for the children - 1903 

    Ten thousand strikers at Toledo, Ohio’s Auto-Lite plant repel police who have come to break up their strike for union recognition. The next day, two strikers are killed and 15 wounded when National Guard machine gun units open fire. Two weeks later the company recognized the union and agreed to a 5 percent raise - 1934 

    U.S. railroad strike starts, later crushed when President Truman threatens to draft strikers – 1946 

    Contact Elected Officials!
  • Morgan Stanley - Mike Svec
    Updated On: Nov 01, 2017

    Michael Svec CFP®

    Senior Vice President

    INVESTMENT CONSULTING PROCESS

    Step 1:   Understanding you and your expectations

    One of the keys to investment success is to clearly define your objectives, your financial needs and your tolerance for risk. 

    Step 2:   Developing a customized investment strategy and profile

    Using information gathered on your personal preferences, we would design an optimal combination of diversified investments to help you achieve your goals. 

    Step 3:   Analyzing and selecting appropriate investment alternatives

    Because of my in-depth understanding of your portfolio needs, we will evaluate which investment vehicles are best suited to guide your portfolio. 

    Step 4:   Bringing the plan together

    We will present you with a range of specific investment options consistent with your personalized asset allocation that seek to help you achieve your financial objectives.

    Step 5:   Tracking your progress

    A key to a prudent financial plan is to make sure that the client stays on track after the recommendations have been put into motion.  I will closely monitor the performance of your portfolio.  You and I will meet on a regular basis to discuss the progress of your investments and determine if any adjustments are needed.


     

     

    MISSION STATEMENT

    I focus on helping to build and preserve wealth for high net-worth individuals and organizations, and delivering world-class service and performance by structuring custom financial plans for my clients’ complex needs.  My business is driven by strategic planning; focused upon identifying strategies to major financial lifestyle issues including: education, retirement and estate planning.

    INVESTMENT PHILOSOPHY

    The governing principal of my investment philosophy is the preservation of buying power.  I structure portfolios with an emphasis on my client’s long-term goals; and therefore, advocate a disciplined approach to asset allocation (diversification).  I define success as helping my clients to obtain their investment goals with the least amount of risk possible.

    PROFILE

    I have over 18 years of experience in the financial services industry at Morgan Stanley Smith Barney.  Prior to joining the firm, I began my financial career with Price Waterhouse in management consulting.  I have built my business providing highly personalized investment advice and financial council.  As a Financial Consultant, I help clients to develop strategies to manage their personal and business finances.  I focus on wealth management, retirement planning, and estate planning. 

    I have a B. A. degree in Sociology from the University of Maryland and a M.B.A. in Finance from American University.  I am a CERTIFIED FINANCIAL PLANNER (CFP®) and hold licenses for the following designations: Series 7, 63, 65, and 31.  I am proud to have been named to the prestigious Presidents Council and Blue Chip Council of Smith Barney.

    A local native, I am married to Rachel and have three daughters, Gaby, Maya and Carly and reside in Bethesda.  I enjoy spending time with my family and watching my children participate in sports and school activities.  I am involved with the University of Maryland Alumni Association and the University of Maryland M Club (former athletes of the University).  Away from the office, I enjoy reading and I am an avid golfer and runner. 

    PRODUCTS/SERVICES OFFERED

    Individual Investments ? Stocks ? Bonds ? Mutual Funds

    Money Managers ? Corporate Retirement Plans ? Annuities

    Individual Retirement Plans ? Retirement Planning ? Education Planning

    Estate Planning ? Wealth Management Planning ? Lending Services

    Insurance ? Long Term Care ? Risk Management

    Cash Management ? Endowments and Foundations

    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.

    1850 K Street, Suite 900 Washington, DC 20006

    phone (202) 857-5454 ? toll free (800) 424-3209 ? fax (202) 857-5460

    michael.r.svec@smithbarney.com

    https://fa.morganstanley.com/michael.r.svec/


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