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Investor’s Fatigue:Riding the RollercoasterInvestor’s Fatigue:Riding the Rollercoaster

Source: Standard & Poor’s, First Call, Compustat, FactSet, J.P. Morgan Asset Management.

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Investor’s Fatigue:Still Buried DeepInvestor’s Fatigue:Still Buried Deep

How long will it take?The S&P must gain over 13% in the next year just to make it back to its 2007 peak.

At a 7% average annual gain, you won’t recover the 2007 peak for another 2 years, marking nearly 6 ½ years to regain the previous high watermark. Source: Standard & Poor’s, J.P. Morgan Asset Management. Data assumes 2.0%

annualized dividend yield. Implied values reflect the average geometric total returns required for the S&P 500 to reach its 10/9/07 peak of 1,565 over each stated time period. Chart is for illustrative purposes only.

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4 extended sideways periods over the last 115 years.

Investor’s Fatigue:Going NowhereInvestor’s Fatigue:Going Nowhere

Source: Graph created by Guggenheim Investments using data from www.dowjones.com 01/2012.Performance displayed represents past performance, which is no guarantee of future results. The Dow Jones Industrial Average is unmanaged and unavailable for direct investment. Returns do not reflect any dividends, management fees, transaction costs or expenses.

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Investor’s Fatigue:The DilemmaInvestor’s Fatigue:The Dilemma

Put your money under your mattress? No capital appreciation potential

while withdrawal needs, inflation, and longer life expectancy outpace meager returns – this won’t help you sleep better!

Continue to “ride it out”? This “buy, hold, and hope” approach

has cost many dearly over the last decade – it’s too risky. Very few can tolerate being wrong again.

What alternative is there to two poor choices?

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The Challenge of the Average InvestorThe Challenge of the Average Investor

The average investor underperforms the market…

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…and their investment portfolio doesn’t keep up with inflation.

The Challenge of the Average InvestorThe Challenge of the Average Investor

The average investor doesn’t have the time horizon, skill, or patience to make the “buy and hold” approach work.

Challenges include:

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Emotional decision making Expecting higher returns with only low levels of risk Diversifying a portfolio without thought to how different

investments interact

We believe the solution is to fire yourself and hire aprofessional: someone with the time, inclination, and expertise to help.

The Challenge of the Average InvestorThe Challenge of the Average Investor

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Investor’s Desire:A Smarter AlternativeInvestor’s Desire:A Smarter Alternative

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The Investor’s Solution:Kenjol SmartZone InvestingThe Investor’s Solution:Kenjol SmartZone Investing

The Kenjol SmartZone Investing System actively balances these two competing investment objectives by:

Continually identifying and exploiting market opportunities and areas of strength

Vigilantly monitoring and evaluating market risks Dynamically adapting and adjusting to changing

market conditions

Goal is to maximize returns by riding the ups of the market and minimize risk by preserving capital in market downturns:

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The Investor’s Solution:Kenjol’s Track Record of SuccessThe Investor’s Solution:Kenjol’s Track Record of Success

Over the course of the last 10 plus years and two bear markets, consider these cumulative results: Kenjol Multi-Fund Investment Program: 84% return Stock Market (S&P 500): 8% return

Results since program inception of 10/1/2000 through 12/31/11. Past performance is not indicative of future results. Results are for the Dynamic Multi-Fund program and reflect performance net of management fees. See full disclosure on page 21.

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SmartZone Investing also works well with fixed income investments. Consider these cumulative results since October of 2002: Kenjol High Yield Bond Program: 210% return Bond Market (Barclays Aggregate Bond): 62% return

Results since program inception of 10/1/2002 through 12/31/11. Past performance is not indicative of future results. Results are for the High Yield Bond program and reflect performance net of management fees. See full disclosure on page 21.

The Investor’s Solution:Kenjol’s Track Record of SuccessThe Investor’s Solution:Kenjol’s Track Record of Success

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Equity-based programs: Sector rotation International rotation Strategic core Seasonal rotation

Fixed-income programs: High-yield bond timing Income Bond alternative Individual bond

The Investor’s Solution:Kenjol’s Investment ProgramsThe Investor’s Solution:Kenjol’s Investment Programs

Create your own, unique SmartZone!

Kenjol offers a broad range of effective investment programs designed to meet your particular investment objectives and level of risk tolerance:

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Our consultative approach is designed to continually fit our capabilities to your needs and objectives.

Our process helps you accomplish three important things:

Understand your true financial goals

Create the best plan for achieving those goals

Continually measure progress toward your goals

The Kenjol Client ProcessThe Kenjol Client Process

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The Kenjol consulting process helps you makesmart decisions with your money.

1. Discovery meeting – Kenjol will look at where you are, where you want to go and how Kenjol can maximize the possibility of getting you there.

2. Investment plan meeting – Kenjol will review your personalized investment plan in the form of an Investment Policy Statement with recommendations for how we can achieve your goals.

3. Mutual commitment meeting – Kenjol will make a mutual decision with you to work towards achieving everything that is important to you.

4. 45-day follow-up meeting – Kenjol will answer any questions you may have regarding the implementation of your Investment Plan.

5. Regular progress meetings – Kenjol will review and answer any questions you may have about your progress.

The Kenjol Client ProcessThe Kenjol Client Process

SmartZone Investing – Kenjol’s proprietary approach to maximize returns while minimizing risks has proven its mettle throughout the market’s most difficult times – delivering investment results while at the same time allowing our clients to sleep at night.

Client-first model – Kenjol’s business model is centered on you, the client. We provide independent, objective, and fee-only advice allowing us to always operate in your best interests.

The Kenjol Client Experience – Kenjol is continually looking to identify and deliver the right tools and solutions to add value to our clients throughout our relationship.

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Kenjol delivers competitive investment performance and an unmatched level of personalized service creating an overwhelming value:

The Kenjol Value PropositionThe Kenjol Value Proposition

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The state-of-the-art Kenjol SmartView Client Portal is a web-based application that allows you to see all of your financial accounts, regardless of custodian or advisor – all on one page.

Accessed using an Internet browser, this web-based utility allows you to build a custom dashboard and get access to the information you need– all in an easy-to-use online application.

The Kenjol Client Experience:State-of-the-art TechnologyThe Kenjol Client Experience:State-of-the-art Technology

Kenjol SmartView Client Portal

140+ family groups

Presence in 20 states across the U.S.

Tailored services to individuals, trusts, and small businesses

Average client relationship approximately $600,000 (firm minimum $250,000)

Note: the statistics above are approximations made at the time this document was created

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Kenjol works with families across the United States to serve their unique investment needs. Our client demographics include:

Kenjol Client DemographicsKenjol Client Demographics

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Kenjol’s Industry LeadershipKenjol’s Industry Leadership

Kenjol provides the expertise and technical savvy of a “big firm” with the personal attention of aboutique firm. National media recognition includes:

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The Kenjol Advisory TeamThe Kenjol Advisory Team

Kenneth J. Landgraf, President & Chief Investment OfficerKenny Landgraf founded Kenjol Capital Management in 2001 and over the last decade has overseen the firm’s growth to approximately $90M in assets under management. Kenny serves as the firm’s President and Chief Investment Officer, overseeing the firm’s internal investment programs. As a Kenjol spokesperson, Kenny has appeared on CNBC and Fox Business News and has been interviewed and quoted by national media including The Wall Street Journal, Bloomberg Radio, TheStreet.com, CNNMoney.com, and SmartMoney magazine. Kenny is also a charter member of Kingdom Advisors.

David H. Levy, CFP®, Vice President & Portfolio ManagerDavid Levy, a CERTIFIED FINANCIAL PLANNER™ practitioner, serves as Vice President and Portfolio Manager with Kenjol Capital Management. He is responsible for researching and analyzing investment opportunities, executing trades, and directing IPO participation on behalf of clients as well as overseeing Kenjol’s custodial relationship with Fidelity Investments. In addition, David actively works to secure new clients as well as nurture and strengthen existing client relationships. As a Kenjol spokesperson, David has been interviewed and quoted by CNNMoney.com, Kiplinger’s and Bloomberg Radio, to name a few, on issues as diverse as 401k investing and interpreting daily market action.

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This presentation is presented only to provide general information on our company and our investment strategies. The material contains the current opinion of Kenjol Capital Management (KCM) as of the date of creation which are subject to change without notice. Theinformation contained herein does not constitutes an offer to sell (nor the solicitation of an offer to buy) any security. Statements concerning financial market trends are based on current market conditions which will fluctuate. Past performance is not indicative of future results.

Performance results have been compiled exclusively by KCM, and have not been independently verified, nor should they be considered to be GIPS compliant. KCM maintains all information supporting the performance results in accordance with regulatory requirements. Performance reflects the results for KCM clients invested in the referenced KCM investment program. Clients may have assets invested in other KCM or non-KCM portfolios and therefore, performance reflects results for accounts only allocated to the referenced KCM investment program. Actual performance results reflect performance beginning at the inception date of the referenced KCM investment program net of management fees. KCM’s management fees are assessed quarterly in advance and may vary by client based on strategy and on assets under management with KCM. KCM’s fee schedule is available in our Form ADV Part II or upon request.

In the event that there has been a change in a client's investment objectives or financial situation, he/she/it is encouraged to advise KCM immediately. Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance thatany specific investment or investment strategy (including the investments purchased and/or investment strategies devised or undertaken by KCM) will be profitable.

Individual accounts will vary from the composites presented. Portfolios which did not participate in a program for the entire quarter have been excluded from program performance calculations. Also, performance is based upon the composite of all accounts under management that were in the investment program for the entire quarter and includes reinvestment of all dividends and distributions. The performance of clients who did not participate in a program for the entire quarter has been excluded from program performance calculations since these portfolios would not be aligned with the respective program. Clients’ portfolios which are customized and do not match one of the portfolio programs reflected are excluded from the presented performance results. Performance results are asset-weighted, as opposed to account-weighted, such that larger accounts have more impact on the portfolio performance than smaller accounts. For all indexes, performance numbers reflect the reinvestment of dividends and interest.

A COPY OF OUR ADV / ADVISOR BROCHURE IS AVAILABLE UPON REQUEST.

DisclosureDisclosure

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Contact InformationContact Information

Phone: 512.506.9395

Toll-free: 866.453.6565

Email: info@kenjol.comWebsite: www.kenjol.com