JFS Wealth Advisors’ investment strategies are built around the knowledge that, over the long-run, financial markets are efficient in determining reasonable asset valuations. The time-tested principles of low costs, low turnover, broad global diversification, and, where desirable, tax efficiency, are at the heart of our research, process and portfolios.

We believe that client success begins by working with an advisor to define and create tailored financial goal plans that match the specific needs and objectives of their lives to the expected outcomes from their individually created investment portfolios. JFS is dedicated to adding value and managing investing risk, and have incorporated those principles into our approaches.

We firmly believe

that “one size does

not fit all.” Each

plan and portfolio

approach is designed

for your personal

circumstances—so

unlike many advisors,

we do not seek cookie-

cutter solutions.

Your needs drive

everything.

Investing for the Long-RunAchieving Results through Changing Markets

The Fiduciary StandardAs investment fiduciaries, an important distinction is ensuring client interests are always put first. JFS utilizes a fiduciary practices resource named “Fi360,” which defines standards to help govern investment research, choices and ongoing oversight. Each client’s recommended investment plans are documented in a written Investment Policy Statement (IPS) that remains current and is amended should your personal situation and needs change.

Ongoing ReviewAll portfolios are overseen and continually monitored by the JFS Investment Committee. Due diligence is ongoing, consisting of world-class research from external sources, internal research such as manager and representative meetings and calls, industry conferences and seminars, consideration of interest rate and economic environments, and monthly committee meetings. Changes are made when necessary as a result of this continuous study and research.

Studies overwhelmingly identify that the allocation of investments across assetclasses is the key to managing investment risk, expected returns and costs.

The JFS Investment Committee therefore defines a selected range ofinvestment possibilities for advisors and clients to tailor portfolios that reflect

each client’s unique situation, investment experience and tax sensitivity.

In all cases, advisors will tailor portfolios to client risk tolerance objectives, ranging from conservative to aggressive.

All portfolios are reviewed regularly for rebalancing—a proven method to practice the proverbial wisdom of “buying low and selling high.” By trimming assets classes and holdings that have outperformed, and moving those proceeds into asset classes and holdings that are temporarily lagging, a discipline is imposed on portfolio management that helps to dampen volatility and minimize the steep swings many associate with investing. Keen attention is paid to potential tax impacts (if applicable) through appropriate asset class location and when rebalancing.

Acclaimed academic research backed by real world experience has shown that there are factors or dimensions of investing that have, over time, generated return premiums compared to broad global stock markets. This research is reflected within JFS core portfolio construction when using Dimensional Fund Advisors investments, which are designed to capture these premiums with tax efficiency and consistency over time.

In addition, when appropriate or desired, passive index funds or exchange-traded funds (ETFs) can also be utilized as core portfolio components. And in all situations, carefully chosen and monitored actively managed “satellite” holdings and/or managers can be added—each of which brings their own approach to identifying and seeking opportunity to add value or reduce risk in the portfolio.

Science, Not Speculation

JFS advisors create investment solutions for our clients that are matched with specific goals and objectives. Fiduciary best practices in research, due diligence and portfolio construction ensure that portfolios are constructed with client outcomes at the forefront. Finally, and importantly, our employees’ retirement assets are invested in the same strategies as our clients, so we not only truly believe what we preach, we also practice that belief!

Global Equity(Stocks)

Global Fixed Income (Bonds)

Alternative Investments

Cash and Cash Equivalents

Based on each client’s unique goals and objectives, tax considerations and risk tolerance, JFS advisors are able to select carefully constructed and monitored portfolios consisting of the following broad asset classes:

How We Implement

1The 2016 Financial Times 300 Top Registered Investment Advisors is an independent listing produced by the Financial Times (June, 2016). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. As identified by the FT, the listing reflected each practice’s performance in six primary areas, including assets under management, asset growth, compliance record, years in existence, credentials and accessibility. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300. Awards and recognitions by unaffiliated publications should not be construed by a client or prospective client as a guarantee that the client will experience a certain level of results, nor should they be construed as a current or past endorsement of the RIA or its representatives by any of its clients. Rankings published by magazines and others are generally based on information prepared and/or submitted by the recognized advisor.

JFS is a SEC registered, investment adviser with its principal place of business in the Commonwealth of Pennsylvania. JFS and its representatives are in compliance with the current registration requirements imposed upon registered investment advisers by those states in which JFS maintains clients. JFS may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. This brochure is limited to the dissemination of general information pertaining to its investment advisory/management services. Any subsequent, direct communication by JFS with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of JFS, please contact JFS or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov). For additional information about JFS, including fees and services, send for our disclosure statement as set forth on Form ADV from JFS using the contact information herein. Please read the disclosure statement carefully before you invest or send money.

Updated March 2018

It’s time to have a portfolio truly aligned to your needs.Let’s make a plan together.

EMAIL info@jfswa.com

CALL 877.745.1700

VISITwww.jfswa.com

About JFS Wealth Advisors

JFS Wealth Advisors assists purpose-driven individuals, businesses and institutions with customized, solution-based financial planning and investment management. Our proprietary Lifetime Planning Continuum® approach ensures a goal-based, continuously evolving assessment of every situation. As an independent fiduciary, JFS advocates for clients’ best interests by maintaining objectivity in advice, integrity in service and compassion in understanding the unique complexities that impact financial success. In 2016—thanks to its sterling record, advisor qualifications and experience—JFS was named one of the top 300 registered investment advisors (RIAs) in the country by the Financial Times.1