PRELIMINARY STEPS

Prior to commiting funds to investment vehicles, a detailed preliminary analysis of each client's unique personal financial situation is conducted to determine the most appropriate asset allocation. Once the initial allocation is approved by the client, the appropriateness of the allocation is regularly reviewed to ensure that the ongoing investment strategy is the most effective, efficient and appropriate for the client. Each client's asset allocation, portfolio construction, and ongoing investment management experience is tailored to the client's personal objectives and risk tolerances. Adjustments to the client's asset allocation are made as market conditions and / or personal circumstances change. Regular meetings with the client, which include discussions of asset allocation, are held at least quarterly, to keep the client abreast of their asset allocation and current market conditions, so that the client can contribute any relavant information to the investment management process. Every effort is made to focus each client's asset allocation, so that the client's needs are met, and the portfolio has the best opportunity to perform, given the then-current investing environment.