This and/or the accompanying information was prepared by or obtained from sources that Wachovia Securities Financial Network believes to be reliable, but Wachovia Securities Financial Network does not guarantee its accuracy or completeness. Any market prices are only indications of market values and are subject to change. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request.

HawsGoodwin Investment Management and Wachovia Securities are not tax or legal advisors.

Investments in securities and insurance products are:

NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE

Investment products and services are offered through Wachovia Securities Financial Network (WSFN). Wachovia Securities is the trade name used by two separate, registered broker-dealers and nonbank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, member NASD/SIPC.

HawsGoodwin Investment Management, LLC is a separate entity from WSFN. CAR #1008-101386

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Our Firm

Our VisionTo provide families and individuals with the comfort of a

professional, personalized approach to managing their wealth which will give them the highest probability of success of meeting their goals and aspirations.

Why should you consider professional wealth management? In any wealth management plan, there are emotional as well as

financial aspects to the decisions you must make. With that in mind, our disciplined process is designed to help our clients: Preserve their lifestyles even in challenging market environments Avoid unnecessary taxes, risks, losses, common mistakes, and

themselves

3

HawsGoodwinInvestment Management You

We will work with your other professional advisors, including:1

AttorneysResponsible for preparing wills, powers of attorney and trust documents, and providing estate planning and tax advice

AccountantsResponsible for preparing individual and corporate annual tax returns, as well as providing audit specialization and tax planning advice

Business insurance professionalsResponsible for assisting business owners with insuring their largest single asset, as well as acquiring life, health and disability coverage

We will form a strategic relationship with your other advisors

Our Team

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C. Arthur Haws, CFP®

Managing Partner

Certified Financial Planner™ professional

More than 17 years of experience providing financial advice and wealth management services to individuals and institutions

Holds a M.B.A in Finance from Vanderbilt University’s Owen Graduate School of Management and a B.S. in Business Administration from Murray State University

Serves as Board Vice President for Historic Carnton Plantation, and board member of the Cool Springs YMCA

Resides in Franklin, TN with his wife, Susan, and three children; Chase, McLean, and Hendley

5

W. Cam Goodwin, CFP®

Managing Partner

Certified Financial Planner™ professional

Has had many equity strategy reports and commentary published by The Motley Fool, an Alexandria, VA based financial media company

Holds a B.S. in Finance from The University of Mississippi in Oxford, MS and a Certificate in Financial Planning from Belmont University in Nashville, TN

Serves as a board member for Historic Carnton Plantation, a member of the Franklin Rotary Club at Breakfast, and an active member of Harpeth Community Church

Resides in Franklin, TN with his wife, Beth, and daughter, Gracey

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Our Process Designed to help families protect, maintain, and possibly enhance their lifestyle

Wealth Management:

Ongoing Process and Discipline

Wealth Planning

Estate Planning

Investment Planning

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Wealth Planning

We consider:Short and long-term goalsCurrent assets and liabilitiesCash flow situationRisk exposure

Then perform:Analysis to determine your likelihood of success.

In order to:Recommend strategies to help achieve your goals.

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Cash Flow MattersHow important is spending and cash flow?

0

0.5

1

1.5

2

2.5

3

3.5

0 1 2 3 4 5 6 7 8

($)

Mill

1 2 3 4 5 6 7 8

Compound Annual Return

Return Path 1 10% 10% 10% 10% 10% 10% 10% 10% 10%

Return Path 2 38% 23% 33% 29% 21% -9% -12% -22% 10%

Return Path 3 -22% -12% -9% 21% 29% 33% 23% 38% 10%

When it comes to your long-term plan, spending can make a big difference

Year

Portfolio Values (Spending 5%)

Path 2 $1.8

Path 1 $1.6

Path 3 $1.2

Differential

50%

The solutions discussed may not be suitable for your personal situation, even if it is similar to the example presented. Investors should make their own decisions based on their specific investment objectives and financial circumstances. It should not be assumed that the recommendations made in this situation achieved any goals mentioned. This example is hypothetical and does not represent any specific investments or strategies.

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Estate Planning

Why consider estate planning? Helps preserve the assets you've spent a lifetime building Helps protect your spouse, children or other heirs Helps ensure your assets are distributed how and when you want

them to be Can help reduce the amount of estate taxes that will be due

Our process Identify your current needs and objectivesExamine current circumstances and family issuesEvaluate existing estate planWork with an estate planning attorney to:

Make sure proper documents are in place Update existing plan, if necessary

HawsGoodwin Investment Management and Wachovia Securities Financial Network are not a legal

or tax advisor. However, we will be glad to work with you, your accountant, tax advisor and or lawyer

to help you meet your financial goals.

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Investment PlanningIndividual Investors Have On Average Underperformed

11.9%

3.0%3.9%

9.7%

1.8%

Lehman Aggregate

BondIndex

AverageBondFund

Investor

AverageStockFund

Investor

InflationS&P 500

Annualized Returns

1986–2005

© 2006 Dalbar, Inc. This information is for illustrative purposes and seeks to demonstrate the virtues of a buy and hold strategy rather than trying to time the market.

•The Indices are presented to provide you with an understanding of their historic long-term performance and are not presented to illustrate the performance of any security. Investors cannot directly purchase any index.• The S&P 500 (a registered trademark of the McGraw Hill Companies) is an unmanaged, index of common stock.• The Lehman Brothers Aggregate Index is composed of securities from Government/Credit Index, Mortgage-Backed Securities Index, and the Asset-Backed Securities Index.

Asset Allocation does not eliminate the risk of fluctuating prices and uncertain returns.

What Is the Most Detrimental Mistake Investors Make?

Source: AllianceBernstein Investments. 2005 Survey of Financial Advisors on Asset Allocation

Not paying enough attention to asset allocation

33%

Trying to time the market

31%

Having too much money in one

investment16%

Buying overvalued investments

8%

Other1%

Holding on to investments

too long11%

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Investment DisciplineUnderstanding How Human Emotions are Usually Wrong

Source: Davis Advisors “The Successful Investor”

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Loss Gain

Pleasure

Pain

SmallPleasure

BigPain

Bad Investment Decisions Can Result from Loss Aversion

Source: Amos Tversky and Daniel Kahneman, 1992 “Advances in Prospect Theory: Cumulative Representation of Uncertainty” Journal of Risk and Uncertainty

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Data Frequency Can Distort Our Perceptions

Source: Standard & Poor’s

2006 S&P 500 Index Returns

FullYear

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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Loss Aversion Can Distort Our Asset Allocations

AnnualReturns

MonthlyReturns

Frequency of Negative Reports 39% 14%

Equity Fund Allocation 41% 70%

Investors Receiving

Source: Thaler, Tversky, Kahneman and Schwartz, 1997 “The Effect of Myopia and Loss Aversion on Risk-Taking: An Experimental Test” Quarterly Journal of Economics

Asset Allocation can not eliminate the risk of fluctuating prices and uncertain returns.

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Overcoming Loss Aversion

Know the Enemy We fear the pain of a loss more than we feel attracted to possible gain,

generally causing us to overreact and make impulsive decisions

Solution Understand that loss aversion is a natural emotion

Define your goals and objectives and a long-term strategy to help reach them

Implement a rules-based approach to the “buy low, sell high” axiom that can keep you on track

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The HawsGoodwin Group Strategy

Step 1: Diversify Across Asset Classes Step 2: Diversify Within Asset Classes Step 3: Globalize the Portfolio Step 4: Rebalance Step 5: Maximize After-Tax Returns

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Step 1: Diversify Across Asset Classes We Believe Asset Allocation is More Important Than Security Selection

Asset Allocation is the mix between cash, bonds, stocks, and alternative investments of your investment portfolio.

We believe it is the primary factor determining portfolio performance and volatility; it also keeps you invested during tougher markets which can potentially increases your returns over time.

(Source: Brinson, Singer, Beebouwer/1990-Financial Analysis Journal May/June 1991)

Asset allocation can not eliminate the risk of fluctuating prices and uncertain returns.

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Correlation with the stock market is a measure of the standard deviation of various benchmarks to the Russell 3000, a common measure of the performance of the broad US stock market. Source: Russell Investment Group, Lehman Brothers, Merrill Lynch, MSCI, NAREIT and AllianceBernstein

What is Correlation?

US Growth

International

US Value

Short-Term Bonds

REITs

No Correlation 0

High Correlation 1.0

1984–2006

US Small-Cap

Intermediate-Term Bonds

High Yield

Cash

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US Stocks

(29.2)%

(42.7)

(14.2)

(17.2)

(29.6)

(14.7)

(13.4)

(40.9)

(25.2)%

2.2%

4.6

1.5

21.7

2.3

5.2

4.7

36.5

9.8%

Dec 68–Jun 70

Jan 73–Sep 74

Jan 77–Feb 78

Dec 80–Jul 82

Sep 87–Nov 87

Jun 90–Oct 90

May 98–Aug 98

Apr 00–Mar 03

Average

Source: Center for Research in Securities Prices and Standard & Poor’s

US Bonds

The Potential Benefit of Low Correlation

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The Power of Diversification

Investment A 50% (26)% 12%

Investment B (10) 30 10

AverageYear 1 Year 2 Annual Return

The solutions discussed may not be suitable for your personal situation, even if it is similar to the example presented,Investors should make their own decisions based on their specific investment objectives and financial circumstances. It should not be assumed that the recommendations made in this situation achieved any of the goals mentioned. This example is hypothetical and does not represent any specific, investments or strategies.

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The Power of Diversification

A

B

A and B

12%

10

11

Average Annual Return

(26)%

30

2

50%

(10)

20

Year 2Year 1

$100

Year 1 Year 2

$111

A $117

B

$122

A and B

Source: Bernstein

The solutions discussed may not be suitable for your personal situation, even if it is similar to the example presented, Investors should make their own decisions based on their specific investment objectives and financial circumstances. It should not be assumed that the recommendations made in this situation achieved any of the goals mentioned. This example is hypothetical and does not represent any specific, investments or strategies.

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Step 2: Diversify Within Asset Classes

ValueOpportunities

Long-TermEarningsPower

Growth Investing

Value Investing

Growth Opportunities

Goal: Find underestimated growth potential

Goal:Buy bargains

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Growth and Value Trade Leadership Historically

Source: Russell Investment Group and Alliance Bernstein

ValueStocks

GrowthStocks

Annualized Returns

80 81–88 89–91 92–93 94–99 00–06

25

Source: Fama/French and AllianceBernstein

Trying to “Time” the Style Cycle Is Futile Hypothetical Average Annual Return

1970–2006

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Step 3: Globalize the Portfolio

HSBC (UK)

Mitsubishi (Japan)

UBS (Switzerland)

Toyota (Japan)

DaimlerChrysler (Germany)

Honda (Japan)

Sony (Japan)

Matsushita (Japan)

Electrolux (Sweden)

Industry Share by Market Value

As of December 31, 2005Source: MSCI

63%

37%

Banking

88%

12%

Autos

80%

20%

Household Durables

United States Non-US

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13

14

15

16

17

0 10 20 30 40 50 60 70 80 90 100

1970−2006

% in International Stocks

Source: MSCI, Standard & Poor’s and AllianceBernstein

Lower Volatility

Diversifying with International Stocks Has the Potential to Help Lower Risk

Volatility (%)

Investing in foreign securities presents certain risks not associated with domestic investments such as currency fluctuation, political and economic instability, and different accounting standards.This may result in greater share price volatility.

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Buy

Underperform

Strategic target

Outperform

Sell

As an asset class/style outperforms, trim investment

As an asset class/style underperforms, add to investment

Step 4: Rebalance

Our Rebalancing Discipline Helps to Buy Low, Sell High

Upper trigger

Lower trigger

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Step 5: Maximize After-Tax Returns

Basic Consider owning Municipal Bonds, generally not taxable

Reconsider holding REITs, the income is generally tax inefficient

Keep turnover low

Avoid short-term gains

Harvest losses to offset gains on stocks and bonds

Advanced Track holdings by tax lot

Sell individual tax lots with the least tax cost

Avoid wash sales

Tax-Management Techniques

HawsGoodwin Investment Management does not provide tax advice. In considering this message, you should discuss your individual circumstances with your tax advisor before making any decisions.

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Potential Added Return from Tax Management

Avoiding short-term gains

Delaying long-term

gains

+0.77%

+0.55%

+0.22%

Total potential added return from tax-savvy

investing

The Potential Benefit of Tax Management

This illustration is an example of the potential added return from tax management, not actual investment results.Source: AllianceBernstein

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International

StocksBonds

US

Style BlendBalanced Wealth Asset Allocation

The above is a hypothetical illustration only and is not intended to represent any particular investment. The asset allocation that is right for each individual will vary.

Geographic Mix

Multiple Levels of Diversification

It’s the Overall Results of a Portfolio that Matter

30% Int'l

70% US

50%Growth

50%Value

50%Growth

50%Value

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What can you expect from us? Always fully disclose our fees

Work with your other experts to insure a sound financial plan

Coordinate and organize financial documents

Service Portfolio monitoring, rebalancing, and performance reporting

Monthly in-house reviews Quarterly client reviews

At least one face-to-face

We will always perform to the best of our abilities such that each of our clients would be proud to recommend us to their friends and family.