2. Last Revised 7/22/15 2 Securities and advisory services are offered through Cetera Advisors LLC,- A Registered Broker/Dealer - Member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results. You cannot invest directly in an index. Investors should consider the investment objectives, risks, charges, and expenses of the portfolios and its underlying investment options carefully before investing. This, as well as other important information, is contained in the prospectus of each individual investment inside each portfolio and the Investment Policy Statement of Bright Futures. Please read them carefully before investing. For more information, or to request a prospectuses, summary prospectuses or Investment Policy Statement, contact your investment representative. Consult your financial professional before making any investment decision. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information. These are the views of Bright Futures, LLC, and not necessarily those of the named representative or named Broker dealer, and should not be construed as investment advice. Neither the named representative nor the named Broker dealer gives tax or legal advice. Please email keith.condemi@ceteraadvisors.com with any questions. Or mail questions to: Investment Advisory Committee 2376 Monroe Avenue Rochester, NY 14618 Phone: 585-231-1595

3. Last Revised 7/22/15 3 Keith Condemi Jeff Smith Robert Richard CFA, OSJ Branch Manager Financial Advisor OSJ Branch Manager, EA, CRPS George Kastanis James Fletcher John Fabrizio Registered Rep Registered Admin Asst Financial Consultant

4. Last Revised 7/22/15 4 Why Asset Allocation? Nothing Else Compares Benefits of Vigilance Optimized Portfolios Our Process Introduction Path to better investing Nothing else Compares Benefits of Vigilance Optimized Portfolios Introduction Our Process

5. Last Revised 7/22/15 5 Asset allocation is an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investor's risk tolerance, goals and investment time frame.

6. Last Revised 7/22/15 6 Diversification cannot guarantee a profit or protect you from a loss in widely declining markets. Investing involves substantial risk, including loss of principal. No individual should make any investment decisions without first consulting a personal financial professional and conducting his or her own research. This is not a solicitation to buy or sell any securities. Deposits Shares Property Bonds Unit Trusts Annuities Shares Property Unit Trusts Deposits Bonds Funds

7. Last Revised 7/22/15 7 http://www.prudentnetwork.com/prudent-perspective/correlation-and-risk-management/

8. Last Revised 7/22/15 8 This is not a recommendation or investment advice. Please consult your financial planner before investing. Source: http://www.lifehealthpro.com/2012/06/25/managing-portfolios-and-emotions-in-a-volatile-mar?t=suitability&page=2

9. Last Revised 7/22/15 9 Source: http://www.riskencyclopedia.com/articles/efficient_frontier/

10. Last Revised 7/22/15 10 Why Asset Allocation? Nothing Else Compares Benefits of Vigilance Optimized Portfolios Introduction Path to better investing Our Process Why Asset Allocation? Nothing else Compares Benefits of Vigilance Optimized Portfolios Introduction Why Asset Allocation?

11. Last Revised 7/22/15 11

12. Last Revised 7/22/15 12 Markowitz –1990 Nobel Memorial Prize in Economic Sciences Sharpe –1990 Nobel Memorial Prize in Economic Sciences Benjamin Graham – –Considered Father of Value Investing –Heavy influencer of Warren Buffet

13. Last Revised 7/22/15 13 Mean Optimize Asset Classes Empirical Results On Going Monitoring Predictive analytical software –Forward looking Theory = Reality? Viability Weekly Meetings –Markets –Investments –Structure –Economic Climate

14. Last Revised 7/22/15 14 Portfolios use Modern Portfolio Theory accredited to Markowitz and Sharpe Asset Allocation & Testing Alpha Dividend discount model based on Benjamin Graham research Individual Securities Award winning software to insure complete diversification Morningstar Analytics ETF’s & rebalancing keeps in mind trading costs and tax efficiency Value Creation Nitty Gritty

15. Last Revised 7/22/15 15 Why Asset Allocation? Nothing Else Compares Benefits of Vigilance Optimized Portfolios Introduction Path to better investing Our Process Nothing else Compares Benefits of Vigilance Introduction Why Asset Allocation? Our Process

16. Last Revised 7/22/15 16 Portfolio 1 –Our income portfolio –Designed for the distribution phase of the life cycle –Time Horizon: 1+ year(s) Portfolio 3 –Conservative Portfolio –Primary objective: principle protection –Time Horizon: 3+ years * For more detailed information please see Morningstar report with business card

17. Last Revised 7/22/15 17 Portfolio 6 –Balanced Fund for total return –ETF Model & Individual Securities Model –Time Horizon: 5+ years Portfolio 9 –Aggressive growth –ETF Model & Individual Securities Model –Time Horizon: 5+ years * For more detailed information please see Morningstar report with business card

18. Last Revised 7/22/15 18 Why Asset Allocation? Nothing Else Compares Benefits of Vigilance Optimized Portfolios Introduction Path to better investing Our Process Nothing else Compares Introduction Why Asset Allocation? Our Process Optimized Portfolios

19. Last Revised 7/22/15 19 19

20. Last Revised 7/22/15 20 Commissions Hourly Rate or Plan rate Management Fee Finders fee Unbiased Recommendations Pay per use Unfamiliar plan Unbiased Recommendations Alignment Agility Availability

21. Last Revised 7/22/15 21 Alignment of Interests Greater Market Agility Focus on the Whole Financial Picture Greater level of education Increased monitoring Fiduciary Responsibility Potential Tax Deductibility Transparency Ability to easily terminate relationship

22. Last Revised 7/22/15 22 Why Asset Allocation? Nothing Else Compares Benefits of Vigilance Optimized Portfolios Introduction Path to better investing Our Process Introduction Our Process Optimized Portfolios Benefits of Vigilance Why Asset Allocation?

23. Last Revised 7/22/15 23 Low fees Weekly meetings Committee members outside “Ivy Tower” closer to client goals/needs by also working with clients More versatile with asset allocation Alignment of interest Greater market agility Tax Efficient without adding cost

24. Last Revised 7/22/15 24