IMPORTANT NOTES:  Halbert Wealth Management, Inc. (HWM) and Niemann Capital Management (NCM), Potomac Fund Management (PFM), Wellesley Investment Advisors (“WIA”), Scotia Partners, Ltd. (SPL), HG Capital Advisors (HCA), Purcell Advisory Services (PAS) and Sojourn Financial Strategies, LLC (SFS) are Investment Advisors registered with the SEC and/or their respective states. Some Advisors may not be available in all states, and this does not constitute a solicitation to residents of such states. Information provided 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.  Investments mentioned involve risk, and not all investments mentioned herein are appropriate for all investors.  HWM receives compensation from these Advisors in exchange for introducing client accounts.  For more information on HWM, NCM, PFM, WIA, SPL, HCA, PAS and SFS, please consult their respective Form ADV Part 2.  Officers, employees, and affiliates of HWM may have investments managed by the Advisors discussed herein or others.

As a benchmark for comparison, the Standard & Poor’s 500 Stock Index (which includes dividends) represents a passive, unmanaged buy and hold approach. The volatility and investment characteristics of the S&P 500 may differ materially (more or less) from that of these programs since it is an unmanaged Index which cannot be invested in directly.  The performance of the S & P 500 Stock Index is not meant to imply that investors should consider an investment in these programs as comparable to an investment in the “blue chip” stocks that comprise the S & P 500 Stock Index.

Performance illustrations presented are a hypothetical composite of the actual returns of the individual programs in each of the Legacy Portfolios.   The numbers presented are for illustration purposes only,  are not meant to represent an actual track record and are assumed to be rebalanced annually   It is important to review the separate disclosures for each of the individual programs in order to get more detailed information on each of them.   The performance numbers for the individual programs in each portfolio have not been verified by HWM, and therefore HWM is not responsible for their accuracy.   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.

This combined performance illustration is hypothetical and not model results, and has many inherent limitations.  The limitations include: 1) there are often large differences between hypothetical performance results and the actual trading results achieved by a particular program; 2) hypothetical performance results are prepared with the benefit of hindsight; 3) hypothetical results may not reflect the impact that market or economic factors might have had on the investment methods if actual money was invested; 4) hypothetical returns do not reflect the actual performance of an account and may not be indicative of the Advisors’ ability to manage money; 5) other  clients may have had materially different investment results; and 6) these numbers should not be used to predict future performance.

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; v) the rate of brokerage commissions and transaction fees charged to an account; and (vi) whether the programs included are rebalanced periodically. There can be no assurance that an account opened with the allocations shown for these programs by any person will achieve performance returns similar to those provided by the illustration herein.

In addition, you should be aware that (i) these trading programs are speculative and involve risk; (ii) the trading programs’ performance may be volatile; (iii) an investor could lose all or a substantial amount of his or her investment in the programs; and (iv)  the trading programs’ fees and expenses (if any) will reduce an investor’s trading profits, or increase any trading losses.