* Five Mile River (FMR) began April 1, 2003. Performance listed for FMR 2003
is account # 118-17545. Performance from 2004 to February 2006 is a composite
of FMR’s Income/Value Portfolio using Rate of Return software that is time
weighted. In January 2006 FMR subscribed to another time weighted software
offering to measure performance called Scorecard. Eight accounts, representing
12% of the total FMR portfolio, withdraw their dividends. FMR did manage
another, smaller portfolio comprised of one account not included in the stated
performance due to a specialized, narrowly focused investment style. Results
are net of management fees and are not audited and have not been otherwise
reviewed or verified by any outside party.
** S & P 500 – Large capitalization companies. The composite includes
dividends.
*** Russell 2000 – Smaller capitalization companies
**** RCP = Robbins Capital Partners, LP (hedge fund with inception date of
February 1, 2000 managed by Todd B. Robbins).
Different types of investments and/or investment strategies involve varying
levels of risk, and there can be no assurance that any specific investment or
investment strategy will be either suitable or profitable for a client’s or
prospective client’s portfolio, and there can be no assurance that investors
will not incur losses. 2003 performance figures above are all prorated from
April 1, 2003.