Your needs Our solutions Developing a long-term investment strategy for your assets Investment Policy Planning Assistance A clearly defined investment policy is an important part of a well-executed investment plan. Your Institutional Consultant can assist you in the development of a written investment policy statement. It is important that the investment policy provide clear and comprehensive guidelines. The investment policy should specify goals and objectives and detail the acceptable investment vehicles that may be used to pursue your goals. A written investment policy statement can be an invaluable guide to disciplined, systematic decision making. For more information on Investment Policy Planning Assistance, please refer to the UBS Institutional Consulting brochure. Determining the right mix of assets that is most suitable for your situation based on what you are trying to accomplish and your tolerance for risk Asset Allocation Modeling UBS Institutional Consulting takes a strategic approach to asset allocation. We combine the power of portfolio optimization technology and the knowledge and experience of the firm's senior investment professionals and researchers with the hands-on guidance of your experienced Institutional Constant. Our asset allocation process is consistent with modern portfolio theory and is based on mean-variance optimization models. For more information on Asset Allocation Modeling, please refer to the UBS Institutional Consulting brochure. Selecting and evaluating your investment managers Manager Search, Identification and Recommendation After developing guidelines and objectives with you, your Institutional Consultant can begin to evaluate current managers. A screening process involving both qualitative and quantitative measures is used to objectively identify the most suitable manager candidates. We evaluate managers against their benchmarks and peers and use a variety of statistics to evaluate style purity and risk profile. The end result is a portfolio of complimentary managers who enable the client to manage investment goals with appropriate risk. For more information on Manager Research, please refer to the UBS Institutional Consulting brochure. Monitoring and evaluating the performance of your portfolio and the performance of your individual investment components Ongoing Consulting and Performance Measurement Performance measurement is critical to overseeing and adjusting your investment strategy. Considerable value is gained by reviewing performance on a regular basis. Your Institutional Consultants will use their knowledge of the global capital markets, investment sectors and the styles of the investment managers to analyze performance. You will receive a Quarterly Performance Report that analyzes the performance of both the total portfolio and each investment manager's segment. For more information on Performance Measurement, please refer to the UBS Institutional Consulting brochure. Co-Fiduciary Role Co-Fiduciary Role UBS will acknowledge our fiduciary responsibility through our Institutional Consulting Contract, with respect to any investment advice we provide.

	As a firm providing wealth management services to clients in the U.S., we offer both investment advisory programs and brokerage accounts. Advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate contracts. For more information, please visit our website at www.ubs.com/workingwithus