Pledge and Commitment to Our Clients

We are fee only advisors meaning we charge our clients based on a percentage of assets under management and, in some limited cases, a percentage of performance. We strive not to impair our independence by accepting other forms of compensation such as commissions, soft dollar deals, etc. Our goal is to be the lowest cost while being the highest quality financial quarterback for our clients.

We will strive to help design and update as necessary an asset allocation plan to meet a client’s established goals that will become a part of each client’s investment policy based on a understanding of each client’s:

• Goals & Objectives
• Time Horizons
• Income Needs
• Risk Tolerance
• Total Net Worth and Asset Pool under Management

We seek to choose managers that have traits and characteristics that we believe are important to compound capital over a long period of time. In addition, we will monitor these managers to ascertain whether we believe they continue to be worthy of our confidence.

We will invest substantial amounts of our capital in many of the same investments we invest our client’s money and our goal is to treat your investment as if it were our own.

• We will work to diversify our client’s portfolio by style and manager, but not over-diversify.

We will constantly monitor managers for changes in investment style, performance relative to peers, cost, etc. We will seek to avoid funds/managers who charge loads, exit fees or 12b-1 charges. Using our leverage, we will negotiate fees with managers to the extent possible to help our clients receive the best deal they can.

We will do our best to communicate and educate our clients on the benefits of asset allocation and modern portfolio theory as well as “intrinsic value” investing, and the benefits of sticking with an investment plan. Also, we will attempt to add additional value to our clients by functioning as a personal CFO during quarterly meetings.

• We will work to be the most tax efficient possible in a taxable account, striving to maximize risk adjusted after tax returns. However, we will not let taxes interfere with prudent investment considerations.

We will provide performance reporting quarterly that will be comprehensive and benchmark against criteria established in our client’s written investment policy.

We will choose any individual stock investments based on factors such as their discount from our appraisal of intrinsic value, their competitive position and management, and our assessment of their free cash flow potential.

• When appropriate, we will buy individual bonds using a ladder approach as to maturities and duration considering the client’s goals and objectives and asset allocation plan as well as risk and reward of yields and credit of issuer.

We will be flexible and commit ourselves to superior service to our clients.