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FPOLPL FINANCIAL RESEARCH

Seminar Invitation

Member FINRA/SIPCRES 3204 0611

Tracking #740506 (Exp. 06/12)

A Mix of Clouds and Sun: On Track2011 Mid-Year Outlook

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

Investment advice offered through: a registered investment advisor and a separate entity from LPL Financial.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

Investment advice offered through: a registered investment advisor and a separate entity from LPL Financial.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

Investment advice offered through: a registered investment advisor and a separate entity from LPL Financial.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

is not a registered Broker/Dealer and is not affiliated with LPL Financial.

Not FDIC/NCUA Insured | Not Bank/Credit Union Guaranteed | May Lose Value | Not Insured by any Federal Government Agency | Not a Bank Deposit.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

is not a registered Broker/Dealer and is not affiliated with LPL Financial.

Not FDIC/NCUA Insured | Not Bank/Credit Union Guaranteed | May Lose Value | Not Insured by any Federal Government Agency | Not a Bank Deposit.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

Dear

Neither bulls nor bears, we continue to expect the markets and the U.S. economy will be range-bound in 2011. Bound by economic and fiscal forces that will restrain growth, but not reverse it, we adhere to our prior forecast for modest single-digit rates of return: high single-digits for stocks and low single-digits for bonds.

Investors will need to utilize investment ideas that may succeed in a period where the performance of the major indexes is likely to be lackluster.

Please join me for an in-depth appraisal of the economic, capital market, geopolitical and policy-oriented developments likely to impact portfolios for the second half of the year.

TIME:DATE:PLACE:

RSVP to: is a registered representative with and securities offered through LPL Financial. Member FINRA/SIPC.

is not a registered Broker/Dealer and is not affiliated with LPL Financial.

Not FDIC/NCUA Insured | Not Bank/Credit Union Guaranteed | May Lose Value | Not Insured by any Federal Government Agency | Not a Bank Deposit.

Alternative strategies will be discussed. Investing in alternative investments may not be suitable for all investors and involve special risks such as risk associated with leveraging the investment, potential adverse market forces, regulatory changes, potentially illiquidity. There is no assurance that the investment objective will be attained.

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track

You Are Invited!

2011 Mid-Year Outlook A Mix of Clouds and Sun: On Track