We are not investment advisors, however we can recommend the appropriate safe approach to investments and also refer you to Competent Professional Advisors to help you achieve your long term investment goals. We generally recommend one of five advisors, as follows:

• Sanford J Bernstein - Joseph Robinson 561-820-2122
  Fidelity Investments
• Ryan Beck & Company - Murray Segal 1-561-982-2600
  UBS Financial
• Edward Jones & Company - Sally Stahl 561-748-7600

Each serves a different purpose, has a different investment style, and suits different clients needs.

Our investment philosophy developed over many years as accountants watching many clients invest and listening to many professional advisors is as follows:

1. A balanced asset allocation approach - the mix between stocks & bonds - is the most important decision that any investor can make. The asset allocation will determine an investment portfolio's ability to produce income, grow over time and reduce volitility. Our specific recommendation is to create a managed, balanced allocation, as follows:

Bonds	20%
Real Estate Investment Trust's	20%
U.S. Value Stocks	25%
U.S. Growth Stocks	20%
International Stocks	10%
Emerging Markets	5%

This recommendation creates an allocation that has a target balance between stocks, bonds, and real estate investment trust's. Even though this allocation can create a slightly higher risk of short term loss, it will increase the portfolio's total return potential and likelihood of real growth over time.

This strategy capitalizes on the concept of total return - it will allow a portion of the portfolio to generate income, while the larger allocation has potential for growth. Diversification is the primary key to investment success. However, in a diversified portfolio the investments should have a low correlation with other similar investment holdings, but should have proven long term track records as well.

As to the Bond portion of the portfolio, we have been taught to stay in the short term or intermediate term range of bonds. Rates are so close that an investor is not getting paid to go out to the longer term Bonds.

I believe adding REIT's to a portfolio provides some income say 6% and some capital growth. Shopping Center REIT's, primarily have Net NET Net leases with National Tenants and all of the leases provide annual increases, and pass through of Common Area Maintenance and other expenses such as real estate taxes. Apartment REIT's benefit from the condominium value in some areas of the country and therefore have considerable upside potential over time. Reits that invest in Health Related Properties will ultimately benefit from the ageing of the baby boomers. There are also Office Building and Hotel Reit's that have done reasonable well over time. In all cases it takes good management and diversification.

There are distinct benefits to having a professional manage your a investment assets. A manager will be able to provide you with the opportunities and offerings to diversify your portfolio. The manager selected should be able to show you a history of outperforming many of his peers and benchmarks. A manager should be able to monitor the timing of purchase and sale transactions to provide year end tax techniques to offset gains against losses.

We welcome the opportunity to help you choose an investment advisor and plan for your future. No matter how large or how small your investments may be, the same plan should be put into play.