Important Disclosure

WrapManager, Inc. is a registered investment advisor with the United States Securities and Exchange Commission. The corporate headquarters of WrapManager, Inc. is located at 703 Market Street, 18th Floor, San Francisco, CA, 94103. WrapManager, Inc. and its representatives are in compliance with the current registration filing requirements imposed upon registered investment advisors by those states in which WrapManager, Inc. maintains clients. WrapManager, Inc. may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. WrapManager, Inc. web site is limited to the dissemination of general information pertaining to its products and services. Accordingly, the publication of WrapManager, Inc’s web site on the Internet should not be construed by any consumer and/or prospective client as a solicitation to effect or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by WrapManager, Inc. with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status and/or disciplinary history of the WrapManager, Inc. or any of its agents, please contact the SEC, FINRA and/or the state securities law administrators for those states in which WrapManager, Inc. maintains a registration filing. WrapManager, Inc. does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to WrapManager, Inc’s web site or incorporated herein, and takes responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment or product made reference to directly by WrapManager, Inc. in its web site, or indirectly via a link to an unaffiliated third party web site, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective clients investment portfolio. Historical performance results may or may not reflect the deduction of Managed Asset fees of which would have the effect of decreasing the indicated performance results.

Certain portions of WrapManager, Inc.‘s web site may contain a discussion of its positions and/or recommendations as of a specific prior date. As such, due to various factors, including changing market conditions, the above discussion may no longer be reflective of WrapManager, Inc’s. current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that the above discussion serves as a substitute for personalized advice from WrapManager, Inc. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be either suitable or profitable for a client’s investment portfolio.

To the extent that any client or prospective client utilizes any economic calculator or similar device provided by any unaffiliated third party linked to WrapManager, Inc’s. web site, the client and/or prospective client is advised that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from WrapManager, Inc., or from any other investment professional.