Aspen SMA Investment Strategy

PORTFOLIO DESCRIPTION, SUITABILITY AND OBJECTIVES

The Aspen SMA is a moderately aggressive strategy designed for investors with a relatively high tolerance for risk and a long-term time horizon. Investor has little need for current income and seeks above-average growth from their investable assets. The primary objective of this strategy is capital appreciation, and investor should be able to tolerate moderate to equity market type fluctuations in the portfolio's value.

ASPEN SMA GROWTH PORTFOLIO METHODOLOGY

New Frontier Strategies are fully diversified, asset allocated models seeking high total return for a given level of risk. To pursue this goal, these strategies utilize a strategic mix of primarily exchange traded funds (ETFs). The asset allocation of each model is actively managed and seeks to maintain the optimal mix of holdings for each strategies respective level of risk given the current micro and macroeconomic environments.

PORTFOLIO MANAGER

David A. Simon, MBA, CLU, CFP® is the President and Principal of SimonDavis. David's educational background includes an MBA from the Darden Graduate School of Business at the University of Virginia School of Law. In addition, David is a Certified Financial Planner (CFP®) and a Chartered Life Underwriter (CLU). David's tenure in asset management dates back to 1994.

PORTFOLIO BENCHMARK

80% S&P 500 / 20% BarCap US Agg Bond TR

---