Beyond Wall Street
DOCK STREET: The Client comes first
| • | Independent |
| • | Conflicts of interest do not exist --- We do not create product, custody client assets or execute trades |
| • | Maintain connections with global research and strategy experts |
| • | Investment performance is above average for long periods of time |
| • | Client assets are managed in separate accounts so that unique circumstances are reflected in portfolio management |
| • | Client reports and fees are 100% transparent |
| • | Statements and performance are easily understood |
| • | The fundamentals of every investment can be clearly articulated |
| • | Risk is managed by knowing our investments -- not by adopting an excessive number of strategies/positions |
| • | Client has a direct relationship with the Investment Principal |
| • | Our clients were unhappy Wall Street customers |
| • | DOCK STREET’s flexible structure allows clients to choose the custodian of their assets or participate in our low cost arrangement with Charles Schwab & Co. |
Wall Street: The Institution comes first
| • | Traditional financial institutions have been experiencing increasing turmoil for over a decade and are currently in the credit crunch cobweb |
| • | Mergers, restructurings, professional turnover, have placed the client outside the circle of influence |
| • | Packaged products, pooling of client assets, over diversification have contributed to sub par investment performance |
| • | Institutions are centralizing investment decisions, removing customization |
| • | Portfolios managed to a model: compromises flexibility, transparency |
| • | The excessive number of strategies and underlying securities in a single client portfolio often increases risk exposure |
| • | Client assets are typically required to be held at the institution |
| • | Fees are complicated and not completely transparent |