Valued client/401k rollover to IRA example

INVESTMENT STRATEGY
RECOMMENDATION
A PROPOSAL TO:
Valued Client

Presented by:

Mr. Donald T McNeill, Jr., ChFC

March 05, 2013

This presentation is intended for one-on-one presentations with a financial advisor present.

184195
Brinker Capital, Inc., a Registered Investment Advisor

WELCOME
Your investments are so much more than funds and shares, dollars and cents. They’re both plan and protection.
Lifestyle and legacy. As an independent investment management firm, Brinker Capital has been serving clients like you since 1987.
In that time, we’ve learned one thing that informs everything we do: It’s not just your assets you are investing. It’s your future.

Thank you for the opportunity to provide you with investment recommendations. Based on responses to questions in your
confidential Investment Strategy Questionnaire, we have prepared these recommendations specifically for the management of your
assets and to meet your investment objectives. Should you have any questions regarding the information in this document, please
contact:

Mr. Donald T McNeill, Jr.
Phone: (706) 361-0183
dmcneilljr@forestersequity.com
PO Box 1839
Thomson, GA 30824
Foresters Equity Services, Inc.
McNeill Financial Services, LLC

.

184195
Brinker Capital, Inc., a Registered Investment Advisor 2

Your Investment Team
Collaboration is a large part of how we work at Brinker Capital — and has
been since we were founded in 1987. Any time you need something, or
you have a question or concern, you have access to a dedicated team of
professionals, including:
Your financial advisor
After discussing your personal financial situation, Donald will work with your team of
professionals to help you meet your investment goals. Donald will help define your investment
objectives and then discuss the appropriate information with Brinker Capital to develop your
Valued Client
investment strategy recommendation. Your advisor will meet with you to discuss your
investment strategy as well as assist you with meeting your asset and cash flow needs. Your
advisor will also be available to communicate with you on an ongoing basis regarding the
investment process and your goals. When your investment objectives and personal
circumstances change, Donald will coordinate with Brinker Capital to make the necessary
adjustments to your investment strategy.

Brinker Capital
Brinker Capital is an investment management firm focused on being the best partner to your
advisor, and therefore, to you. Just as your advisor is your trusted source to help you with
financial decisions, we are that source for your advisor.

Asset Managers
Your asset managers focus on day-to-day investment decisions and are responsible for selecting
a portfolio of securities based on their specific investment discipline. They strive to add value
by generating returns appropriate to their style of investing.

184195

Understanding Your Goals
Getting to Know You
To understand your investment objectives, we need to
understand you. Your advisor will describe your goals,
risk tolerance, time horizon, tax concerns, and income
needs, so we can get a thorough sense of how to help you. Your Solution
Once we know your
objectives, we’ll look
at different ways to
allocate assets to produce
Communication the results you are seeking.
You and your
advisor will always
know what’s
happening in your
portfolio through
account updates Analyze Asset
and monthly and Management
quarterly reports. Firms
We investigate the
consistency of
performance, their
Monitor and investment process,
Review the quality of their
When appropriate, associates and
we will reallocate your their business
portfolio for changes in process.
the market, asset
managers or in your
We Allocate Your Portfolio
investment objectives.
We don’t give a one-size-fits-all
answer. Instead, we invest in a
broad mix of asset classes that
best serve your needs.

184195

Making Disciplined Decisions
The way we construct portfolios, the asset managers we select, the products we offer—they're all based on four core
principles. These approaches comprise our perspective on how to invest successfully in a way that builds both wealth and
relationships.

Diversification - Our portfolios span six asset classes, including
both traditional strategies—domestic equity, international equity, and fixed
income—and alternatives, including absolute return, real assets, and
private equity. We ensure our clients have access to products and
strategies typically only available to large, institutional investors.

Innovation - We continually look for ways to innovate,
drawing on our extensive experience to find better investment
strategies for the long term. This combination of curiosity and
flexibility means that you have a ready source for new ideas and
smart solutions.

Independent Analysis - At Brinker Capital, we form
our own independent perspective on everything we
recommend. When we’re putting together a portfolio, we
start by analyzing strategy options based on expected
returns, historic returns, and market volatility. Armed with
our in-depth research, we can make informed, strategic
decisions about how to allocate assets.

Hands-On Management - We carefully
evaluate every asset manager and strategy we
recommend to make sure they meet our standards
for performance and integrity. We also continue
to monitor and reallocate portfolios to take
advantage of market opportunities.

184195

There is more than one way to be successful in investing. In fact, there are at least six.
We help protect and build wealth through a broadly diversified approach, using a strategy typically employed by
endowments seeking to grow their investments over the long term.

Domestic Equity Domestic Equity Domestic Equity Domestic Equity Domestic Equity Domestic Equity
International Equity International Equity International Equity International Equity International Equity
Fixed Income Fixed Income Fixed Income Fixed Income
Absolute Return Absolute Return Absolute Return
Real Assets Real Assets
Private Equity

LESS DIVERSIFICATION MORE DIVERSIFICATION

We also offer a wide range of portfolios to serve the various needs of different investors, from the most conservative to the most
aggressive strategy, from mutual funds to absolute return vehicles.
This broad diversification translates into broader opportunities. It means that investors like you have access to products and strategies that
aren’t generally available to individual investors. It means you may see reduced risk and increased returns over the long term. It means
that both your money and your confidence are well placed.

Source: Brinker Capital, Inc.

184195

Diversification
Because we understand that different
investments perform well at different
times, we invest in six asset classes,
rather than the traditional three, as well as
a number of sub-asset classes. This
strategy of broad diversification gives
you more opportunities to grow your
investments and less exposure to
risk — no matter which way the market is
moving.
Source: FactSet and Brinker Capital, Inc.

184195

Additional Diversification Compounds Wealth

Source: Factset, Red Rocks Capital
YTD returns as of 12/31/11

Source: Brinker Capital, FactSet, Cambridge Associates, NCREIF

The Growth of $1M chart is for illustration purposes only. No representation that the results represent investment performance of actual client accounts is intended. The chart is intended to demonstrate the
impact on a traditional portfolio of diversification through the inclusion of additional asset classes over a long-term investment horizon. The table discloses the time periods during which each asset class, as
represented by the market index listed, was included or removed from the chart as more representative market indexes became available, as well as the weighting of each asset class, during the period. When
index data for certain asset classes was not available, the other asset class weightings were scaled upward. The information depicted in the charts above is derived from this table. For example, the equal
weighted portfolio was 50% U.S. Equity and 50% International Equity from January 1971 through March 1973. In April 1973, the equal weighted portfolio was 33.33% U.S. Equity, 33.33% International Equity
and 33.33% Fixed Income until January 1978, when the next asset class, Real Assets (real estate) was available, and so on. The S&P 500 Index is a market value weighted index with each stock’s weight in the
Index proportionate to its market value. The S&P Index is one of the most widely used benchmarks of U.S. equity performance. Each index is a broad market index representative of its respective asset class
which is utilized by Brinker Capital as a benchmark for measuring the performance of such asset class. Unmanaged indices are for illustrative purposes only. An investor cannot invest directly in an index. Index
performance does not reflect the deduction of fees and changes and does not reflect the reinvestment of dividends. Past performance is no guarantee of future results.
184195
Brinker Capital, Inc., a Registered Investment Advisor

Finding Balance
Many investors face the dilemma of investing for the needs of today or investing
to meet the needs of tomorrow. If you focus too much on current expenses you
may risk not meeting your future goals.

If too much focus is placed on your future growth it may be difficult to meet your
current expenses. The key is to work closely with your financial advisor to plan
for both current cash flow and growing your assets to meet your goals and
objectives.

Today Tomorrow

Source: Brinker Capital, Inc.

184195

Our Key Investment Themes
 Macro Uncertainties Remain and Could Provide Global Growth Headwinds
o Favor investments in U.S. companies versus developed international markets.
o Europe has likely entered recession territory and growth in China has slowed
 Emerging Markets Bias
o Long-term trend of stronger growth coming from emerging markets compared to developed markets.
o Anticipate the middle class in emerging markets to continue to grow in size and wealth.
 Difficult Interest Rate Environment
o Real interest rates are kept artificially low and will remain so for the foreseeable future.
o Some risk is necessary to maintain long-term purchasing power within the fixed income asset class.
o Consideration should be given to investments outside of fixed income that possess attractive yields.
 Unique Opportunities
o Continue to search for market anomalies and inefficiencies with the potential for attractive risk adjusted returns.

184195

How We Keep You Informed

 Quarterly Reports
o Performance Reports
o Risk/Return Analysis
o Cash Flow Summary
 Monthly Outlook
 Market Review
 Reallocation Summary
 Online Account Access
 Mobile Account Access

What if Times Change?
We understand that with life changes, your time horizon, tolerance for risk, or tax situation may change. At Brinker Capital, we think
stability comes in large part from flexibility. With your advisor, we will adjust your portfolio to your changing circumstances, so that it best
serves your needs and allows you to sustain your lifestyle.
Yet it’s not just your asset allocation we adapt. We also work hard to develop flexible investment strategies. We continually look for ways to
innovate, drawing on our extensive experience to find better strategies for the short and long term. We then incorporate our best ideas into
your portfolio, so that it reflects our most up-to-date thinking and current market conditions.

184195

Your Recommended Investment Solution
We strive to create the most appropriate investment strategy based on your responses to our Investment
Strategy Questionnaire and from the input we received from your financial advisor regarding your
investment goals. If answers indicated differences in time horizon and/or risk tolerance, the investment
objective reflects a blend of those responses. Please advise Donald if you believe that your overall
investment objective differs from that derived by Brinker Capital or if you wish to modify any of your
answers to the Questionnaire. Changes to any of your responses could result in Brinker Capital
recommending a different investment strategy and asset allocation.

Your goals, objectives and risk tolerance may change over time. Your financial advisor will help you plan
for all of life’s events, including the unforeseen ones. When you determine a change is needed, Brinker
Capital will adjust your investment strategy upon your instruction.

184195

Moderately Aggressive Qualified
Valued Client IRA Rollover
Weightings Weightings
1 1
Target Range Target Range
Domestic Equity 45.08% 35%-60% Fixed Income 23.23% 15%-35%
Large Cap Intermediate
Columbia Select 7.89% Dreyfus Bond Market Index 4.62%
Columbia Dividend Opportunity 4.55% PIMCO Total Return 3.95%
Touchstone Focused Equity 2.25% MBS
DoubleLine Total Return 5.83%
T. Rowe Price Growth Stock 7.22%
Corporate Bonds
TCW Dividend Focus 5.85% Federated Intermediate Corporate 1.21%
Delaware Value 5.25% Emerging Market Debt
Fidelity US Equity Index 4.89% Forward EM Corporate Debt 1.72%
Mid Cap High Yield
RidgeWorth Mid Cap Value 3.83% RiverPark Short-Term High Yield 1.50%
Small Cap Fixed Equity
ClearBridge Small Cap Growth 2.00% JPMorgan Inflation Managed Bond 1.68%
Aston/River Road Independent 1.35% International Currency
Value Merk Hard Currency 1.48%
2
Cash
International Equity 15.84% 13%-30% Cash 1.24%
Objectives
The Moderately Aggressive - Qualified Asset Developed Real Assets 3.73% 0%-10%
Allocation Strategy seeks to maximize long-term MFS International Value 4.72%
Global REITs
capital appreciation. Typically, equity is T. Rowe Price International Stock 3.47%
Morgan Stanley Global Real Estate 1.00%
substantially emphasized, however a meaningful Emerging Markets
allocation to fixed income and alternative asset Wasatch Emerging Markets Small 2.85% Natural Resources Equity
classes is made in an effort to reduce volatility. It Cap RS Global Natural Resources 2.73%
is designed for qualified investments. Investors Aberdeen Emerging Markets 0.95% Absolute Return 11.02% 0%-20%
should realize that the substantial emphasis on Micro Cap Closed-End Funds
equity will likely produce a higher level of volatility Wasatch International Opportunities 2.20%
than a more balanced portfolio. RiverNorth Core Opportunity 3.77%
Frontier Markets Opportunistic
Portfolio Structure Wasatch Frontier EM Small 1.65% Driehaus Active Income 4.10%
The substantial emphasis of the portfolio’s Countries Fund JP Morgan Strat Income Opps 3.15%
allocation is on equity. A meaningful allocation to Private Equity 1.10% 0%-10%
fixed income is maintained. The domestic equity
allocation has an emphasis on large cap Listed Private Equity
securities, with smaller allocations to mid and Red Rocks Listed Private Equity 1.10%
small cap. A commitment to international equity
and alternative investments, such as real assets
absolute return and private equity, is maintained.
A meaningful allocation is made to various sub-
classes of fixed income.

1
Target weightings and holdings reflect the target allocation policy
weightings as of Feb 11, 2013. These may change prior to
investment and are subject to change at any time. Allocations may
not add to totals due to rounding of asset class and fund allocation
percentages.
2
If you are invested in a Destinations Strategy with the
Personalized Distribution feature your cash weighting will vary from
the illustration provided in the table above.

184195

Historical Performance of Recommended Investment Strategy: Destinations

Growth of $100,000

Calendar Year Gross Performance
YTD 2012 2011 2010 2009 2008 2007 2006 2005 2004
Recommended Investment Strategy 3.35% 13.44% -3.41% 13.39% 30.03% -35.14% 9.87% 14.03% 7.41% 11.82%
S&P 500 5.18% 16.00% 2.11% 15.06% 26.46% -37.00% 5.49% 15.79% 4.91% 10.88%
Russell 2000 6.26% 16.35% -4.18% 26.86% 27.17% -33.79% -1.57% 18.37% 4.55% 18.33%
Citigroup 3-month T-bill 0.01% 0.07% 0.08% 0.13% 0.16% 1.80% 4.74% 4.76% 3.00% 1.24%
Relative Return - Blended Benchmark 3.35% 12.98% -0.06% 13.05% 24.34% -28.17% 7.53% 13.69% 6.36% 10.50%

Gross Annualized Return through January 2013
YTD 1 year 3 years 5 years 7 years 10 years Std. Dev.
Recommended Investment Strategy 3.35% 12.25% 9.72% 2.71% 3.95% 7.62% 12.45%
S&P 500 5.18% 16.78% 14.14% 3.97% 4.48% 7.93% 15.81%
Russell 2000 6.26% 15.47% 15.98% 6.31% 4.41% 10.70% 21.11%
Citigroup 3-month T-bill 0.01% 0.08% 0.09% 0.39% 1.61% 1.68% 0.59%
Relative Return - Blended Benchmark 3.35% 12.11% 10.55% 4.30% 4.93% 7.89% 11.53%

The performance information for the Recommended Investment Strategy presents historical performance of client accounts that were open for the full period and invested according to the Recommended
Investment Strategy. Past performance is no guarantee of future results or trends. The returns are calculated gross (before the deduction) of advisory fees payable to Brinker Capital or other expenses for
services not covered by the advisory fee. These fees and expenses will reduce your return. The Relative Return-Blended Benchmark presents the return produced over the performance period by a blend of
broad market indices that approximates the recommended asset allocation. Figures for the indices reflect the reinvestment of dividends but do not reflect any fees or expenses which would reduce returns.
Indices are unmanaged and an investor cannot invest directly in an index. See the accompanying disclosure statement regarding performance results, benchmarks, the impact of fees and other information
included in the investment strategy recommendation. The standard deviation shown is for the length of time displayed on the Growth of $100,000 Chart.

184195

Historical Performance of Recommended Investment Strategy: Destinations

Portfolio vs. Benchmark: Annualized Returns
The Portfolio vs. Benchmark: Annualized Return graph plots the annualized returns of the Recommended Investment Strategy, the Absolute Return
Benchmark and Relative Return-Blended Benchmark. The graph also includes the following major market indices - S & P 500, Russell 2000, MSCI
EAFE, Citigroup 3-Month T-Bill & Barclays Aggregate.
Annualized Return

Performance Table

1 year 3 years 5 years 7 years 10 years

Recommended Investment Strategy 13.44% 7.50% 0.94% 3.96% 7.14%
S&P 500 16.00% 10.87% 1.66% 4.12% 7.10%
Russell 2000 16.35% 12.25% 3.56% 4.79% 9.72%
MSCI EAFE Index 17.90% 4.04% -3.21% 2.67% 8.70%
Citigroup 3-month T-bill 0.07% 0.09% 0.45% 1.66% 1.69%
Barclays U.S. Aggregate 4.21% 6.19% 5.95% 5.86% 5.18%

services not covered by the advisory fee. These fees and expenses will reduce your return. The Absolute Return Benchmark is CPI-SA +3.5 percent (%). The benchmark return is slightly overstated because
the CPI is an annual calculation but the benchmark return reflects monthly compounding.The Relative Return-Blended Benchmark presents the return produced over the performance period by a blend of
included in the investment strategy recommendation.

184195

Recommended Investment Strategy: Destinations

Risk/Return
The Risk/Return graph plots the portfolio’s return (annualized %) against the portfolio’s standard deviation. This chart is a characterization of the risk adjusted return of
the Recommended Investment Strategy as compared to the Relative Return-Blended Benchmark. The graph also includes the following major market indices - S & P
500, MSCI EAFE & Barclays Aggregate. The ideal location on the graph is the upper left-hand quadrant, which means the portfolio had greater returns than the
benchmark with less volatility or risk.

Return: The change in the value of a portfolio over an Risk/Return
evaluation period, including any distributions made
from the portfolio during that period.
Standard Deviation: A statistical measure of volatility
indicates the “risk” associated with a return series. The
lower the number the less volatility.
Sharpe Ratio: The Sharpe Ratio is a measure of
reward per unit of risk. It is a portfolio's excess return
over the risk-free rate divided by the portfolio's
standard deviation. The portfolio's excess return is its
geometric mean return minus the geometric mean
return of the risk-free instrument (by default, T-bills).
The lower the Sharpe Ratio, the less return per unit of
total risk the manager has generated.
Beta vs. Blended Benchmark: Beta represents the
systematic risk of a portfolio and measures its Standard Maximum
sensitivity to a benchmark. A portfolio with a beta of Return Sharpe Beta vs. Blended
Deviation Drawdown
one is considered as risky as the benchmark and (%) Ratio (%) (%)
(%) (%)
would therefore provide expected returns equal to
those of the market during both up and down periods. Recommended Investment Strategy 4.98 12.45 0.21 1.06 -44.21
A portfolio with a beta of two would move (both up and S&P 500 3.01 15.81 0.04 1.34 -50.95
down) approximately twice as much as the benchmark.
MSCI EAFE Index 4.16 17.96 0.10 1.45 -56.40
Maximum Drawdown: The maximum loss
(compounded, not annualized) that the manager Barclays U.S. Aggregate 5.67 3.54 0.94 0.01 -3.83
incurred during any sub-period. Drawdowns are
calculated on monthly returns. Relative Return - Blended Benchmark 4.68 11.53 0.20 1.00 -39.38

services not covered by the advisory fee. These fees and expenses will reduce your return. The Relative Return-Blended Benchmark presents the return produced over the performance period by a blend of
included in the investment strategy recommendation.

184195

Hypothetical Total Return for Your Recommended Investment Strategy: Destinations

Recommended Portfolio
Monte Carlo Simulation 10-Year Horizon
Initial Investment $100,000
10% probability of an ending
value of at least $300,957

Average Annualized Return: 8.35%
Standard Deviation: 10.31%
Inflation Rate: 3%
Annual Withdrawal (assumes 3% $0
inflation):
Annual Fee: 0.50%

Projected Values

Portfolio Value Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
10th Percentile $120,892 $136,431 $152,125 $169,279 $187,580 $206,121 $227,451 $250,206 $274,306 $300,957
50th Percentile $107,810 $115,732 $124,215 $133,361 $142,898 $153,313 $164,944 $176,904 $189,519 $202,992
90th Percentile $94,714 $96,516 $99,642 $103,611 $107,692 $112,477 $117,794 $123,225 $130,194 $137,295
Average Flow Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Fees ($542) ($584) ($630) ($679) ($731) ($789) ($851) ($919) ($989) ($1,067)

The above projections are forecasted returns and market values for the Recommended Investment Strategy using Brinker Capital’s capital market return assumptions for various major asset classes. Brinker
Capital’s capital market return assumptions are based on the long-term (10 years or longer if available) annualized returns, standard deviations and correlation coefficients of various capital market indices. No
premium or discount to return based on any active portfolio management in the Recommended Investment Strategy was included in the projections. The resulting investment outcomes are hypothetical and do
not reflect actual investment results or the impact of unforeseen events that may affect portfolio returns. No representation that your portfolio will achieve projected performance is intended and future returns
are not guaranteed. In certain years your annual withdrawal may exceed the total return on your portfolio resulting in a loss in principal. The Annual Withdrawal shown above includes a 3.00% increase each
calendar year in order to account for inflation. The performance information reflects the deduction of a 0.50% annual advisory fee but no other expenses for services not covered by the advisory fee. The
advisory fee shown is calculated by applying the proposed annual fee to the 50th percentile projected, inflation-adjusted market value. The actual advisory fee may be more or less than the fee reflected in the
above projection. Any additional fees and expenses will reduce the portfolio and your return. See the accompanying disclosure statement regarding performance results, benchmarks, the impact of fees and
other information included in the investment strategy recommendation.

184195

Your Program Fees
Based upon this proposal of $100,000.00, the blended fee payable to Brinker Capital for all assets in your Destinations accounts is 0.50% annualized.
This blendedfee will vary based upon total account value (resulting from appreciation, depreciation, liquidations or additional contributions) in
accordance with Brinker Capital’s fee schedule for the Destinations program.

Account Registration Investment Strategy Assets Fee
Valued Client IRA Rollover Destinations $100,000.00 0.50%

Your fee covers the following costs associated with your investments:
 Compensation to Foresters Equity Services, Inc. and Mr. Donald T McNeill, Jr. for assisting in the development and ongoing monitoring of your
investment strategy
 Your investment strategy recommendations
 Regular rebalancing of mutual funds in your portfolio consistent with your investment strategy
 Customized quarterly reporting, monthly statements and trade confirmations
 Access to Brinker Capital Online Services
 All ongoing mutual fund due diligence provided by Brinker Capital
 Custody of the mutual fund assets in your portfolio
The total annual fee is exclusive of mutual fund expense ratios, which are set forth in the prospectus for each fund. A fund expense ratio represents the
percentage of the fund’s assets that go toward the expense of running the fund. A fund expense ratio reflects the fund’s investment advisory fee,
administrative costs, distribution fees and other operating expenses, which are paid by the fund and reduce the fund’s net asset value.
The fee set forth above is calculated using Brinker Capital’s current fee schedule for the Destinations program. Brinker Capital may change the fee
schedule for any program on 30 days advance written notice to you.
Brinker Capital will debit your account at the beginning of each quarter based on the previous quarter’s ending balance. Your initial quarterly fee will be
pro-rated based upon the beginning value of your account and Brinker Capital will debit your account the month following your initial investment.

184195

Disclosure Statement
One-on-One Presentation: This report is exclusively for use in one-on-one presentations with sophisticated investors.
Performance Data: All return calculations are in U.S. dollars and are gross of advisory fees payable to Brinker Capital and any other expenses not covered by the
advisory fee (see “Fees” section).

Destinations: The performance returns provided for Destinations are composed of accounts that were open for the full period and are invested in mutual funds
according to the asset allocation policy for the recommended Investment Strategy. Detailed information regarding the Investment Strategy composite is available upon
request. The composite returns are based on actual market values and are weighted accordingly. All calculations reflect the deduction of the respective fund’s internal
management fees and expenses but are gross (before deduction) of advisory fees payable to Brinker Capital, which will reduce an investor’s return. Certain funds
included in the performance information may no longer be available for purchase and may not be included in the recommended Investment Strategy. Brinker Capital
may also determine to replace a fund due to a change in management or based upon Brinker Capital’s evaluation of the fund’s performance. Since Brinker Capital
retains full discretion to add or replace mutual funds in which the account is invested and to change the allocation among such funds, the historical performance of the
recommended Investment Strategy may reflect the performance of mutual funds which are no longer included in the recommended Investment Strategy. Furthermore,
past performance of the funds included in the recommended Investment Strategy is not a guarantee of future results or trends.
Mutual Fund Performance: Mutual Fund and Exchange Traded Fund (ETF) performance information is based upon published performance of the mutual funds or
ETFs, which must be calculated by the funds in accordance with rules and regulations promulgated by the Securities and Exchange Commission.
Benchmarks: Brinker Capital constructs the benchmark to match, to the best of its ability, the components of the recommended Investment Strategy to the appropriate
indices so as to reasonably parallel the asset allocation of the Investment Strategy. However, the benchmarks are not intended to parallel the risk or investment style of
any particular manager or mutual fund included in the recommended Investment Strategy or reflect guidelines, restrictions, correlations, concentrations, sector
allocations or volatility of the portfolio of any such manager or mutual fund. The benchmarks are provided for comparative purposes only and do not represent actual
performance. Figures for the indices reflect the reinvestment of dividends but do not reflect any management fees, transaction costs or expenses, which would reduce
returns.
The Destinations Relative Return-Blended Benchmark is a composite of the following indices weighted in accordance with the recommended Investment Strategy:
R3000(56%), MSCI ACW ex. US(14%), LBGCI(28%), T-Bill(2%) for the time period 1/1/89 to 12/31/07 and R3000(49%), MSCI ACW ex. US(21%), Lehman Agg(28%),
T-Bill(2%) for the time period 1/1/08 to date. Effective 1/1/08, Brinker Capital increased the allocation to international securities for this Investment Strategy and adjusted
the Blended Benchmark to more closely parallel this revised asset allocation. Detailed information on the composition of each index included in the Blended Benchmark
is available upon request Indices are unmanaged and an investor cannot invest directly in an index.
Fees: The performance information does not reflect the deduction of advisory fees payable to Brinker Capital and any other expenses for services not covered by the
advisory fee that an investor may incur, which will reduce a client’s return. Brinker Capital charges one comprehensive fee for investment management services, which
includes manager and fund due diligence, asset allocation, manager fees, custody fees and trading expenses and Solicitor fees. Brinker Capital’s fee does not include
the internal management fees and operating expenses of mutual funds in which a client’s account is invested, which are reflected in the performance information
contained herein.
Brinker Capital’s fees are disclosed in Part II of its Form ADV. The net effect of the deduction of Brinker Capital’s fees on annualized performance, including the
compounded effect over time, is determined by the relative size of the fee and the account’s investment performance. The chart below depicts the effect of a 1%
management fee on the growth of one dollar over a 10-year period at 10% (9% after fees) and 5% (4% after fees) assumed rates of return.

Year 1 2 3 4 5 6 7 8 9 10
10% 1.10 1.21 1.33 1.46 1.61 1.77 1.95 2.14 2.36 2.59
9% 1.09 1.19 1.30 1.41 1.54 1.68 1.83 1.99 2.17 2.37
5% 1.05 1.10 1.16 1.22 1.28 1.34 1.41 1.48 1.55 1.63
4% 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42 1.48

184195

Portions of the analytical information within this proposal have been powered by Zephyr Web Analytics.
The Hypothetical Total Return chart uses market indices to represent the various major and sub asset classes: The Dow Jones Wilshire 5000 Index represents US
Equities, MSCI AC World ex/US Index represents foreign equities, Barclays Aggregate Index represents taxable fixed income, Barclays US Treasury 1-5 Yr represents
short US Treasuries, Barclays US Treasury 5-10 Yr represents intermediate US Treasury, Barclays US Treasury Long represents Long US Treasury, Citigroup 3 Month
Treasury Bill represents Cash, Merrill Lynch 3-7 Yr Muni represents municipal fixed income, Dow Jones Wilshire REIT represents US REITs, FTSE EPRA NAREIT
Global Index represents Global REITs, Dow Jones AIG Commodity represents Commodities, NCREIF Property Index represents private real estate, Credit
Suisse/Tremont Hedge Fund Index represents absolute return, Cambridge Associates US Private Equity Index represents private equity and the Red Rocks Listed
Private Equity Index represents listed private equity. The Cambridge Associates US Private Equity Index is comprised of limited partnership investments available only
to Qualified Purchasers. The Red Rocks Listed Private Equity index reflects actual returns from January 2006 to present; returns prior to January 2006 are provided by
Red Rocks Capital, LLC and represent backtested, hypothetical values calculated by reconstructing the index with companies that were included in the index as
of inception (or at such time as a company had been public for one full quarter, if later) and re-weighting the index quarterly and do not represent actual index
performance.

184195

Glossary of Investment Terms
60/40 – 60/40 Portfolio is composed of 60% of the Russell 3000 / 40% Barclays Large Cap – A company whose market cap typically exceeds $17 billion (using
Aggregate. Russell Index methodology).
Absolute Return – The total return that an asset achieves over a certain period of time. Manager Tenure – The length of time a portfolio manager has been responsible for
Absolute return differs from relative return because it is concerned with the return of a managing the specific investment strategy.
particular asset and does not compare it to any other measure or benchmark.
Mid Cap – A company whose market cap is typically between $2 billion and $17
Absolute Return Strategies – Strategies that seek to generate positive absolute return billion (using Russell Index methodology).
regardless of the direction of financial markets.
Real Assets – Real assets consist of ownership interests in investment vehicles that
Asset Allocation – The process of deciding how to apportion investment capital typically invest in physical assets and exhibit a high correlation to inflation and provide
between the various possible asset classes: domestic equity, international equity, fixed high levels of current cash flow. Real assets include real estate, commodities, timber,
income, real assets, absolute return strategies, private equity, etc. and oil and gas interests.
Asset Class – Category of assets such as equities and fixed income, and their Relative Return – The return that an asset achieves over a period of time compared to a
subcategories, including large cap, small cap, emerging markets, commodities, etc. benchmark or peer group. The relative return is the difference between the absolute
return achieved by the asset and the return achieved by the benchmark or peer group.
Commodities – Basic raw materials and foodstuffs such as metals, petroleum,
plantation crops, "softs,” such as coffee and sugar, and grains and agriculture. Relative Value – Attractiveness measured in terms of risk, liquidity and return of one
instrument versus another.
Due Diligence – The performance of those actions that are generally regarded as
prudent, responsible and necessary to conduct a thorough and objective investigation,
review and/or analysis.
Emerging Market – Emerging markets generally do not have the level of market
efficiency and strict standards in accounting and securities regulation to be on par with
developed economies, but emerging markets will typically have a physical financial
infrastructure including banks, a stock exchange and a unified currency.
Expense Ratio – A measure of what it costs an investment company to operate a mutual
fund. An expense ratio is determined through an annual calculation, where a fund's
operating expenses are divided by the average dollar value of its assets under
management.
Global Macro – A strategy that bases its holdings—such as long and short positions in
various equity, fixed income, currency, and futures markets—primarily on overall
economic and political views of various countries’ macroeconomic principles.
Growth Stocks – Stocks of companies that exhibit growth characteristics and have
shown an ability to grow at a faster rate than other firms’.
International Equities – Strategies that target either developed economies (e.g.
Western Europe, Japan, Australia, Canada) or emerging economies (e.g. China, Latin
America, Eastern Europe).

184195

Valued client/401k rollover to IRA example

Recommended

Recommended

More Related Content

What's hot

What's hot (7)

Viewers also liked

Viewers also liked (18)

Similar to Valued client/401k rollover to IRA example

Similar to Valued client/401k rollover to IRA example (20)

More from Don McNeill, ChFC

More from Don McNeill, ChFC (9)

Valued client/401k rollover to IRA example