Impact of Portfolio Volatility Notes: For illustrative purposes only. Each investment has an average monthly return of 1%, but very different volatility profiles. Investment A (higher volatility) achieves the 1% return by alternating monthly between 10% and –8%, while Investment B (lower volatility) achieves the same average return by alternating between 4% and –2%. The table shows the value of an initial investment of $100,000 with no additions or withdrawals invested over 10, 20 and 30 years. Investment A and B are not representative of a real investment, i.e., no dividends are paid and there are no management fees deducted. Materials provided to approved advisors by LWI Financial Inc (“Loring Ward”). Securities offered through Loring Ward Securities Inc., member FINRA/SIPC. #02-062.