Where do I send my check and to whom do I make it payable to?

Always send deposits to the custodian of your account. Always make checks payable to the custodian and reference your account number.

Who do I call to transfer funds?

Your custodian. As a Registered Investment Adviser, we do not maintain custody of your assets. Fund transfers must be requested from your custodian.

How do you justify your fee?

• Our clients have access to 28 years of investment research experience

• Your account is reviewed on a regular basis with performance in mind

• We tailor the account to your objectives as they change

• Pressure to meet performance goals

• Our client service is customized to fit your needs

• Our goal is to get you to the finish line

Why is low turnover advantageous to my portfolio?

• We believe that actively trading your account leads to more commissions, and often, greater tax bills

• We believe there are not enough great companies out there to be buying and selling on a regular basis

• We believe that when you buy a stock you should become an owner of the company and not a trader

What are the advantages of a focus fund?

• Your portfolio is concentrated in the sectors that, in our opinion, offer the best risk/reward ratio

• The manager has 30-40 stocks to monitor closely in lieu of 500

• Your portfolio does not look like the market

What is the difference between a Broker-Dealer and a Registered Investment Adviser?

Broker:

• May need your permission for each buy and sell

• Commission paid for every transaction

Registered Investment Adviser:

• Has discretion to buy and sell, so swift action may be taken whenever deemed appropriate

• The fee is based on a percent of market value which is an incentive to grow the value of the account through increased performance

• The benefit of constant monitoring to improve the value of the account

• Personalized research for each account