Past performance is not a guarantee of future results.

The benchmark is composed of 60% Standard & Poor’s 500 Index (“S&P 500”) and 40% Barclays Capital U.S. Aggregate Bond Index (“BC Agg”) and assumes monthly rebalancing. The S&P 500 is an unmanaged index and is widely regarded as the standard for measuring U.S. stock market performance. It represents the 500 most widely held U.S. publicly traded companies. The BC Agg is an unmanaged index which is widely regarded as the standard for measuring U.S. investment grade bond market performance. It includes all non-convertible, fixed-rate debt issues rated investment grade or higher. These indexes do not incur expenses and are not available for investment. Index returns reflect the reinvestment of interest and/or dividends. The benchmark performance is not, however, directly comparable to the composites’ performance because accounts in the composites generally do not maintain a strictly 60% equities/ 40% fixed income allocation. Additionally the S&P 500 Index performance is not directly comparable to the composite’s equity performance because equities in the composite accounts generally invest by using a portfolio of 30-40 stocks and the S&P 500 Index is an unmanaged index that is widely regarded as the standard for measuring U.S. stock market performance. Finally, fixed income investments in the accounts may be in a wide range of fixed income credit qualities and maturities and the BC Aggregate Index is an unmanaged index that is is widely regarded as the standard for measuring U.S. investment grade bond market performance.

The fee schedule is as follows: 1.25% on the first $10 million, 1.00% on the next $15 million up to $25 million, and 0.75% in excess of $25 million. A discounted rate is available for tax-free institutions, eleemosynary accounts and large institutions.

Clients invested in flexible balanced separately managed accounts are subject to various risks including potential loss of principal, general market risk, small and medium-sized company risk, foreign securities and emerging markets risk, default risk, interest rate risk, inflation risk and liquidity risk. Additionally, there is a risk that we do not manage the asset allocation strategy successfully. For a complete discussion of the risks involved, please see our ADV and refer to page 13-16.

The Flexible Balanced Composite includes all fee-paying separately managed accounts and mutual funds that are invested in a dynamic allocation of equity and fixed income securities as well as mutual funds and cash equivalents. OCM has discretion over individual investments as well as the discretion to increase and decrease equity exposure within the range of 25% to 75%. Individual account performance will vary from the composite performance due to differences in individual holdings, cash flows, etc.