Old Naples News | November 2023 Issue

November 2023 Old Naples News | 51 FINE JEWELRY SINCE 1966 Home of the “NAPLES MEDALLION” 300 FIFTH AVE SOUTH, SUITE #211 Appointments are preferred 239-261-7952 | [email protected] Marilyn Janss will be specializing in custom designing and redesigning fine jewelry with your gems and/or ours. We will continue to do repairs and special orders. BEFORE AFTER BEFORE AFTER BEFORE 1 BEFORE 2 COMBINED FOR BRACELET BRACELET FROM 3 OLD PINS BRACELET FROM OLD PINS NECKLACE FROM BRACELET LINKS ONYX, LAPIS & DIAMOND RING RARE BRAZILIAN PARAIBA TOURMALINES 18K DIAMOND BRACELET DESIGNED BY MARILYN JANSS Named Naples Best Jewelry Store by Naples Daily News FINE JEWELRY next day, now in Venice, they had the opportunity to view a glass-blowing demonstration in the famous Murano glass art studio, visit St. Mark’s Square, and enjoy a gondola ride through the canals. After spending the night in neighboring Padua, the team then drove to their final destination, Milan. Here the team played their third game at John F. Kennedy Stadium against local baseball club Milano 1946 before flying home the next day. Throughout the trip, the CSN boys formed relationships with the local players and got to experience sports as a way to bridge the divide between cultures. As CSN’s mission is based on the education of responsible global citizens, trips abroad to become familiar with different cultures and form new relationships are pivotal to the values of the school and future generations. This trip would not have been possible without the generosity of the Italian American Baseball Foundation and members of the CSN community. They gave students the opportunity to visit many places and sample the kind of experiences they can look forward to around the world in the future. Community School of Naples, the largest PreK-12 independent school in Collier County, was established in 1982. CSN offers a rigorous college preparatory program, and 100 percent of its seniors attend select four-year colleges and universities. The school is located on a 77-acre campus in North Naples. Throughout the trip, the CSN boys formed relationships with the local players and got to experience sports as a way to bridge the divide between cultures.” “

52 | Old Naples News November 2023 BY ROB EDWARDS Managing Director – Investments Senior PIM® Portfolio Manager Edwards Group of Wells Fargo Advisors EdwardsGroupNaples.com As your wealth grows, you may find that you seek more control, better transparency, and the ability to customize your portfolio to your goals, objectives, and values. While there are a number of ways to build a diversified portfolio — including individual stocks and bonds, mutual funds, and exchange-traded funds – separately managed accounts (SMAs) may offer unique advantages compared with other investment vehicles. For many years, SMAs have been limited to just institutions and ultra-high-net-worth investors. For those investors who did not have access to an SMA, they may have been using lessoptimal investment vehicles, like mutual funds. However, thanks to advances in technology, SMAs are becoming more widely available to a broader group of investors. As financial advisors who work with high-networth investors, we believe SMAs are superior investment vehicles. As a part of our wealth planning approach, we generally recommend that investors consider the benefits of SMAs and how they can address their personal preferences, objectives, and risk tolerance. WHAT IS A SEPARATELY MANAGED ACCOUNT? A separately managed account is a type of investment advisory account that can hold a diversified mix of stocks, bonds, cash, and other individual securities, managed by a professional money manager, which can potentially be tailored to meet specific investment objectives — such as tax efficiency and the exclusion of certain securities from your portfolio. In a SMA you own individual securities and have the freedom and flexibility to tailor the portfolio to address your personal preferences — making your account “separate” and distinct from all others. HOW CAN AN SMA WORK FOR YOU? Some of the most attractive features provided in a separately managed account include: • Direct ownership of securities: You own the securities purchased for your account. Your money is not pooled with that of other investors, providing you with significantly more control and transparency than a mutual fund. • Greater tax efficiency: The cost basis for each security in your portfolio is established at the time of purchase, so you are not subject to gains earned by other shareholders as you might be in a mutual fund. This enables you to coordinate year-end tax management with your tax professional. • Customization of your portfolio: SMAs are built based on your personal investment goals, objectives, and values — allowing you to exclude specific companies or industries that do not align with your social, political, or environmental principles. • Easy-to-understand fee structure: SMAs typically charge a single fee based on assets under management rather than load fees, management fees, and operating expenses charged by mutual funds. SEPARATELY MANAGED ACCOUNTS AND THEIR POTENTIAL BENEFITS TO HIGH-NET-WORTH INVESTORS

November 2023 Old Naples News | 53 ACCESSING SMAS AT THE EDWARDS GROUP If you have $1 million or more in investable assets and are still utilizing a fund-heavy approach, it may be time to consider an alternative investment strategy. Whether you are looking to maximize growth, generate retirement income, or pass your wealth efficiently to your heirs, the SMA-focused strategies at the Edwards Group can be utilized to achieve defined outcomes through thoughtfully crafted return and income objectives. For a comprehensive review of your funds and to see if SMAs are right for you, visit EdwardsGroupNaples.com to schedule a call with one of our experienced and trusted advisors. Investment and Insurance Products: Not FDIC Insured / No Bank Guarantee / May Lose Value Separately Managed Accounts Mutual Funds Ownership Tax Efficiency Personalization Individual securities within the investment portfolio are owned by the investor. Investor owns share in a pool of securities and assets are co-mingled with those of other investors. The cost basis of each security is established at time of purchase. Potential for the investor and his/ her money manager to manage taxation of gains and/or loses. Cost basis may include embedded capital gains that came before the investor's investment. Tax management is under the sold control of the portfolio manager. Investor can request the exclusion of specific holdings form the portfolio, e.g., securities that do not align with the investor's social, political, or governance principles. Holdings are under the sole control of the portfolio manager – no flexibility for the individual investor. Fees Typically, a single fee based on assets under management. Possible sales charges on purchase or redemption (load funds), in addition to ongoing management fees and operating expenses. COMPARING SEPARATELY MANAGED ACCOUNTS VERSUS MUTUAL FUNDS The Forbes Top Next-Gen Wealth Advisors Best-in-State rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue, and other criteria by SHOOK Research, LLC. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and is based solely on the disclosed criteria. Fees for advisory programs include Advisory services, performance measurement, transaction costs, custody services, and trading. Fees are based on the assets in the account and are assessed quarterly. These fees do not cover the fees and expenses of any underlying exchange-traded funds, closed-end funds, or mutual funds in the portfolio, which also carry inherent risks related to the product’s underlying investments. There are minimum fees and account sizes to maintain these types of accounts. Advisory accounts are not designed for excessively traded or inactive accounts and are not appropriate for all investors. During periods of lower trading activity, your costs might be lower if our compensation were based on commissions. We need to review your investment objectives; risk tolerance and liquidity needs before we introduce appropriate managers/investment programs to you. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. Wells Fargo Advisors is not a legal or tax advisor. Be sure to consult your own tax advisor and investment professional before taking any action that may involve tax consequences. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. ©2020-2023 Wells Fargo Clearing Services, LLC. All rights reserved.

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