IMPORTANT NOTES: Halbert Wealth Management, Inc. (HWM) and Potomac Fund Management (PFM) are Investment Advisors registered with the SEC and/or their respective states.  Some Advisors are not available in all states, and this report does not constitute a solicitation to residents of such states.  Information in this report is taken from sources believed reliable but its accuracy cannot be guaranteed.  Any opinions stated are intended as general observations, not specific or personal investment advice.    Please consult a competent professional and the appropriate disclosure documents before making any investment decisions.  There is no foolproof way of selecting an Investment Advisor.  HWM receives compensation from PFM in exchange for introducing client accounts to the Advisors.  For more information on HWM or PFM, please consult the appropriate Form ADV Part II, available at no charge upon request.  Any offer or solicitation can only be made by way of the Form ADV Part II. Officers, employees, and affiliates of HWM may have investments managed by the Advisors discussed herein or others.

As benchmarks for comparison, the Standard & Poor’s 500 Stock Index and the NASDAQ Composite Index (which include dividends) represent unmanaged, passive buy-and-hold approaches.  The volatility and investment characteristics of the S&P 500 or the NASDAQ Composite may differ materially (more or less) from that of the Advisor.  The performance of the S & P 500 Stock Index and the NASDAQ Composite is not meant to imply that investors should consider an investment in the Potomac Guardian trading program as comparable to an investment in the “blue chip” stocks that comprise the S & P 500 Stock Index or the stocks that comprise the NASDAQ Composite.
Potomac’s performance results are based on the Model Portfolio.  The Model Portfolio is an actual account that is considered representative of the majority of client accounts with similar investment objectives.  Returns for the Model Portfolio are time-weighted, total returns that reflect the reinvestment of dividends and capital gain distributions.     Statistics for “Worst Drawdown” are calculated as of month-end.  Drawdowns within a month may have been greater.  PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.  Any investment in a mutual fund carries the risk of loss. Mutual funds carry their own expenses which are outlined in the fund’s prospectus.  An account with any Advisor is not a bank account and is not guaranteed by FDIC or any other governmental agency.

When reviewing past performance records, it is important to note that different accounts, even though they are traded pursuant to the same strategy, can have varying results.  The reasons for this include: i) the period of time in which the accounts are active; ii) the timing of contributions and withdrawals; iii) the account size; iv) the minimum investment requirements and/or withdrawal restrictions; and v) the rate of brokerage commissions and transaction fees charged to an account. There can be no assurance that an account opened by any person will achieve performance returns similar to those provided herein for accounts traded pursuant to the Potomac Guardian’s trading program.
In addition, you should be aware that (i) the Potomac Guardian’s trading program is speculative and involves a moderate degree of risk; (ii) the Potomac Guardian’s trading program’s performance may be volatile; (iii) an investor could lose all or a substantial amount of his or her investment in the program; (iv) PFM will have trading authority over an investor’s account and the use of a single advisor could mean lack of diversification and consequently higher risk; and (v) the Potomac Guardian’s trading  program’s fees and expenses (if any) will reduce an investor’s trading profits, or increase any trading losses.