Beacon Pointe Advisors: An Independent Investment Advisory Firm Tiburon Research September 1, 2012

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 1 Founded in 2002 Based in Newport Beach, CA CEO: Garth Flint 286 accounts $4.0 billion assets under management Web site: Comments Beacon Pointe Advisors Source:9/1/12 Beacon Pointe Advisors Web Site; 3/3/11 RIA Biz; 3/3/11 Practice Management Letter; 6/08 Registered Rep; Tiburon Research & Analysis

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 2 Early Phase Approximate Dates: XXXX - XXXX XXXX: Key Steps: Beacon Pointe Advisors was Founded in 2002 and Has Subsequently Evolved through Three Phases, Including its Early, Middle, & Acquisitions Phases Middle Phase Beacon Pointe Advisors History Beacon Pointe Advisors Founded Beacon Pointe Advisors Today Acquisitions Phase XXXX : Beacon Pointe Advisors founded XXXX: : Acquired Copperwynd Financial Source: 9/1/12 Beacon Pointe Advisors Web Site; 3/3/11 RIA Biz; 3/3/11 Practice Management Letter; Tiburon Research & Analysis

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 3 Founded in 2002 Based in Newport Beach, CA CEO: Garth Flint Comments Beacon Pointe Advisors was Founded in 2002 Source:9/1/12 Beacon Pointe Advisors Web Site; 6/08 Registered Rep; Tiburon Research & Analysis

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 4 Copperwynd Financial -- Beacon Pointe Advisors Acquisitions Based in Scottsdale, AZ $125 million assets under management CEO: Bruce Meyer Acquired in 2001 –Rebranded Beacon Pointe Wealth Advisors - Arizona Beacon Pointe Advisors Has Acquired at Least One Firm, Including Copperwynd Financial in Source:3/3/11 RIA Biz; 3/3/11 Practice Management Letter; Tiburon Research & Analysis Meyer used Cambridge Investment Research as Independent Broker/Dealer

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 55 Beacon Pointe Advisors Accounts Beacon Pointe Advisors Has 286 Accounts Source:6/08 Registered Rep; Tiburon Research & Analysis Needs update

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 66 Beacon Pointe Advisors Assets Under Management ($ Billions) Beacon Pointe Advisors Has $4.0 Billion Assets Under Management, Relatively Steady Since 2006 Source:3/3/11 RIA Biz; 3/3/11 Practice Management Letter; 6/08 Registered Rep; Tiburon Research & Analysis

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 7 Beacon Pointe Advisors Businesses Beacon Pointe Advisors Has Two Core Businesses, Including Institutional Consulting & Private Client Source:3/3/11 RIA Biz (Southall); Tiburon Research & Analysis Beacon Pointe Advisors Businesses Institutional Consulting Private Client Beacon Financial Advisors = private client?

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 8 -- Comments Beacon Pointe Advisors’ First Business is Institutional Consulting Source:Tiburon Research & Analysis

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 9 -- Comments Beacon Pointe Advisors’ Second Business is Private Client Source:Tiburon Research & Analysis

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ Comments Beacon Pointe Advisors Custodies at TD Ameritrade Source:Tiburon Research & Analysis

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 11 Beacon Pointe Advisors Web Site Beacon Pointe Advisors Has a Web Site with Seven Sections, Including Client Services, Methodology, About Us, News & Events, BP Wealth Advisors, Contact, & Client Login Source:5/23/12 Beacon Pointe Advisors Web Site; 9/23/08 Beacon Pointe Advisors Web Site; Tiburon Research & Analysis Beacon Pointe Advisors Web Site Client Services MethodologyAbout UsNews & Events BP Wealth Advisors Contact Client Login

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 12 Garth Flint CEO -- Beacon Pointe Advisors Organizational Chart Beacon Pointe Advisors is Led by its CEO Garth Flint Source:3/3/11 RIA Biz; 9/23/08 Beacon Pointe Advisors Web Site; Tiburon Research & Analysis Matthew Cooper?

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 13 Beacon Pointe Advisors is Privately Owned Source:Tiburon Research & Analysis -- Comments

– Beacon Pointe Advisors © Tiburon Strategic Advisors, LLC™ 14 Source:Tiburon Research & Analysis Tiburon Strategic Advisors Focus on corporate-level strategy -Serve senior executives only at financial services companies -Key services: market seminars, market research, & strategy consulting -Served over 350 corporate clients and completed over 1,500 projects since Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors Chip Roame background -McKinsey & Company -Charles Schwab & Company -Tiburon since 1998 Comments