2. PRESENTATION FOR PREMIUM WEALTH MANAGEMENT LIMITED Presented by Stephen Prendeville

3. Cash is King Fee for Service Innovation in Software Client Engagement Client Revenue Market Backdrop

4. Risk Profiling Asset Allocation Short form SOA Scalable Advice Social Media Market Backdrop

5. Domination of Institutions Aggressive Acquisition strategies impacting supply No organic growth, cannibalise existing FUM Death of Independents Changing Face of Distribution

6. Waiting on ASIC release end of 2012 Treatment of Volume Overrides  New clients post 30 June, 2012  Ability for licensee’s to receive VO’s  Transferability of VO’s Dealer groups moving down value chain FOFA Impacts

7. Revenue’s down 20% Superfunds down Deferred retirement Success of institutions Supply

8. “I have to buy or I have to sell” $200K recurring revenue book Significant and this has stabilised prices from July to Dec 2011 by 2.88 to June 30 2012 3.01 Demand

9. Market Prices Revenue TypeMultiple Applied SMSF Advise3.00 SMSF Administration1.00 General Insurance1.90 Risk3.50 Personal Investment3.30 Corporate Superannuation1.50 # Personal Superannuation2.69 # Superannuation Personal Insurance2.50 # Accounting Individual Returns0.60 Accounting Compliance/BAS0.80 Accounting Advisory1.00 Accounting SMSF1.00 FY 2012 AVERAGE 3.01

10. Distortions  Discount for time period paid  Pricing on client relationship (1 – 3x) Market Prices Cont.