IMPORTANT NOTES: Halbert Wealth Management, Inc. (HWM) is an Investment Advisor registered with the SEC.  This report does not constitute a solicitation to residents of any jurisdiction where the program mentioned may not be available.  Information in this report is taken from sources believed to be 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.  Not all investments mentioned herein are appropriate for all investors. For more information on HWM, please consult the Form ADV Part II for HWM, available at no charge upon request. Officers, employees and affiliates of HWM may have investments managed in this program, in the funds in the program and others.

The performance shown illustrates the actual returns of an account in this program. From time to time, HWM will remove and replace the mutual funds in the program.  Therefore, many of the funds currently in the program were not in the program during the entire period shown.       

Another mutual fund program was previously offered by HWM using different funds and different fund selection criteria.  The other program was an asset allocation strategy and sought to provide superior returns relative to major market indexes. In addition, there were previously two other portfolios offered, Moderate-Plus and Aggressive.  The returns some clients experienced in these programs/portfolios were below the returns shown here, and these returns are not reflected in this performance illustration.  The asset allocation strategy and the Moderate-Plus and Aggressive Portfolios are no longer offered by HWM.

The results are net of all fees and expenses, include the reinvestment of all dividends and capital gains, and generally reflect annual rebalancing of the funds to be equally weighted within the portfolio.  Adjustments made to reflect management fees are done every six months, and are not accrued on a monthly basis for the results shown. The track record represents an account that is generally rebalanced annually, even if the fund does not meet the minimum additional investment requirements or the transaction costs would make rebalancing the account economically inefficient.  Actual client accounts will not be rebalanced if they do not have sufficient cash to meet the fund’s minimum additional purchase requirements, or if, in HWM’s opinion, the transaction costs of rebalancing outweigh the potential benefits.  In addition, accounts, including the track record account, may be rebalanced on a frequency more or less often than annually, or on a date other than the anniversary date if HWM believes it prudent. Accordingly, actual client accounts may not be managed in the exact same manner as the tracking account.  The performance of the tracking account may be different from actual client accounts, and this difference may grow over time.  

When reviewing past performance records, it is important to note that different accounts, even though they are managed pursuant to the same strategy, can have varying results.  The reasons for this include: 1) the period of time in which the accounts are active; 2) the timing of contributions and withdrawals; 3) the account size; 4) the minimum investment requirements and/or withdrawal restrictions; 5) the rate of brokerage commissions and transaction fees charged to an account; and 6) restrictions, limitations or decisions on whether the account can be rebalanced annually, or if rebalancing is delayed. There can be no assurance that an account opened by any person will achieve performance returns similar to those provided herein for accounts.

In addition, you should be aware that: 1) this program is speculative and involves a moderate degree of risk; 2) the program’s performance may be volatile; 3) an investor could lose all or a substantial amount of his or her investment in the program; 4) HWM 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 5) the program’s expenses will reduce an investor’s trading profits, or increase any trading losses.

Past performance is not indicative of future results.  No representation is made that the investor will obtain similar results to those shown above.  Performance does not reflect the effects of taxation, which results in lower returns to taxable investors. Consult your tax advisor. “Annualized” returns take into account compounding of earnings over the course of an investment’s actual track record. 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 and the NASDAQ Composite Index may differ materially (more or less) from that of the Advisor, since they are unmanaged Indexes which cannot be invested in directly.  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 this program, which is actively managed, as comparable to an investment in the “blue chip” stocks that comprise the S & P 500 Stock Index or the stocks listed on The NASDAQ Stock Market that comprise the NASDAQ Composite. Statistics for "Worst Drawdown" are calculated at month end.  Drawdowns within the month may have been greater.  The results shown are for a limited time period and may not be representative of the results that would be achieved over a full market cycle or in different economic or market conditions.