THE LADENBURG ASSET MANAGEMENT PROGRAM

The Ladenburg Asset Management Program ("LAMP") provides you with an opportunity to receive a complete and diversified asset allocation, in a structured environment. Understanding that your investment needs and tolerance for risk may be different from other investors, LAMP offers strategic asset allocations within 5 risk categories ranging from conservative to aggressive.

Depending on the investment amount and your investment vehicle preference, portfolios are constructed at each risk level using mutual funds, ETFs or a combination of those which are considered tax sensitive. The LAMP program also offers American Funds focused portfolios, Franklin Templeton Funds focused portfolios, socially responsible investing portfolios and 3 income oriented strategies.

LAMP addresses your financial needs over both the long and short term. A variety of factors are taken into consideration when constructing your portfolio including, your time horizon and risk tolerance as well as your overall financial goals and prevailing market conditions. We also know that a client's risk tolerance can change for a number of reasons. Because of this, we make it easy for clients to move from one risk category to the next, as necessary.

BENEFITS OF LAMP

• Market driven tactical rebalancing
• Strong emphasis on diversification and risk management
• Long-term focus while still monitoring short-term market trends
• Allocation to Alternative Investments
• Quarterly third party performance reporting
• Full fee and trading transparency
• Tax consciousness
• Access to management team through quarterly commentary and conference calls
• No up-front fund loads (internal fund expenses are in addition)

THE LAMP METHODOLOGY

By following Ladenburg's investment process, your financial advisor will suggest an asset allocation strategy consistent with your priorities and investment profile, while being mindful of your stated risk tolerance. LAMP is designed to make asset allocation more effective.

Establishing an appropriate asset mix is a dynamic process, and it plays a key role in determining your portfolio's overall risk and return. When it comes to professionally managing your accounts, asset allocation is what drives the approach in arriving at well positioned solutions for your portfolio. One goal of asset allocation is to maximize the potential for meeting your investment objectives.

By constructing a portfolio based on the relationship between the risk and return of various asset classes, you are laying the foundation for a sound investment philosophy. One of the true benefits of allocating your investments to a LAMP portfolio is that you are given direct access to Ladenburg's proprietary allocation models as well as the tactical investments which will be used to fulfill your allocation.

To enable you to achieve optimal results, we start by evaluating a database consisting of thousands of mutual funds and ETFs across a wide spectrum of asset classes. Through the use of our proprietary screening process we arrive at what we believe to be a list of "best of breed" investment solutions.

We then apply a second layer of filters based on the investment strategy to arrive at a customized asset allocation model which factors in your specific investment objective and risk tolerance.

We will periodically update or rebalance the allocation for each of the models and your Advisor will periodically revisit your asset allocation to ensure that your portfolio is well-positioned in accordance with your investment policy statement and long-term goals.

THE PRICE OF ADVICE

LAMP accounts offer an innovative pricing structure. Rather than paying traditional mutual fund sales charges, an annual fee is used, based on the value of your assets. Fee-based pricing reinforces the objectivity of our Advisors and aligns their goals with yours by creating a common interest of preserving assets and increasing the value of those assets.

The return and principal value of an investment will fluctuate so that, when redeemed, they may be worth more or less than their original cost. Economic and market conditions effect the performance of an account. Since no one investment program is suitable for all types of investors, this information is provided for informational purposes only. You should review your investment objectives, risk tolerance and liquidity needs before selecting a suitable investment program. Not FDIC Insured.