INVESTMENT PHILOSOPHY Every financial plan must incorporate a solid investment strategy in order for assets to keep pace with inflation and provide growth for future needs. Financial success requires disciplined investment in a portfolio that is structured to provide competitive long-term returns at reasonable, and tolerable, levels of risk. Investments are analyzed within the context of how they fit into your portfolio and help to meet your financial goals. All investment planning work starts with the development of an Investment Policy Statement that will define the parameters to which we will adhere when making investment decisions. We believe that the most important investment decision is the allocation of funds among cash, bonds and stocks. We further believe that individual investors can achieve the best level of diversification by holding mutual funds, rather than stocks and bonds of individual companies. In addition to customizing portfolios to meet your unique needs, we also strive to keep investment costs low; these costs include transaction fees, account fees, mutual fund loads and expense ratios, and taxes. It is not uncommon for investors to be unaware of these costs, and we do our best to make sure that you are not sacrificing your long-term investment success by paying unreasonable fees. Please contact Heather Hutchinson or Eric Ziegler at (415) 259-3933 to discuss whether we might be able to assist you with your financial planning and investment management needs. We'll briefly discuss your situation and, if appropriate, schedule an initial consultation in our offices.