• August 12, 2020
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    Today's Labor History


    This week’s Labor History Today podcast: Remembering Gene Debs; Waging Peace
    Shubert Sebree remembers Eugene Debs. Professor Laura McEnaney, author of Postwar: Waging Peace in Chicago, on the fate of labor's complex New Deal coalition and connecting the essential workers of the 1940s with those fighting today’s war against the pandemic.
    Plus Joe Glazer and The Ballad of Eugene Victor Debs, and this week’s Labor History in 2: Workers Pay the Price for Bad Management
    Last week’s show: No longer newsworthy?

    The Air Line Pilots Association is founded at a meeting in Chicago attended by 24 activists from across the country - 1931

    Hundreds of Transport Workers Union members descend on a New York City courthouse, offering their own money to bail out their president, Mike Quill, and four other union leaders arrested while making their way through Grand Central Station to union headquarters after picketing the IRT subway company offices in lower Manhattan - 1935

    President Roosevelt signs amendments to the 1935 Social Security Act, broadening the program to include dependents and survivors' benefits - 1939

    Construction on the St. Lawrence Seaway begins. Ultimately 22,000 workers spent five years building the 2,342 mile route from the Atlantic to the northernmost part of the Great Lakes. Employees of the St. Lawrence Seaway are represented today by AFGE Local 1968 - 1954

    Pres. Barack Obama signs a $26 billion bill designed to protect 300,000 teachers, police and others from layoffs spurred by budgetary crises in states hard-hit by the Great Recession - 2010


    - David Prosten

    Today's Labor Quote: I.W. Abel

    ''Collective bargaining is pretty much of a crisis business. You have to have patience and you have to be tolerant. You have to be a fair fisherman. You have to sit back and wait for a bite.''

    Abel -- better known as "Abe" -- was president of the United Steel Workers of America from 1965 to 1977, and died on this date in 1987 at the age of 79. In one year, he led 42 wildcat walkouts.

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  • 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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