Build

Grow

Diversify

Plan

Give

a portfolio.

assets.

investments.

your future.

a legacy.

CAAMS CAPITAL ANALYSTSASSET MANAGEMENT SERVICES

Make your vision. . .

then chart a course to reach it.

Vision without action is a dream.Action without vision is simply passing the time.

JOEL BARKER, BUSINESS STRATEGIST AND AUTHOR

You have a vision for your future — and you have chosen to set a course toward attaining your financial goals. With the expertise of your financial advisor and the innovative, buttime-tested, Capital Analysts Asset Management Services.(CAAMS) programs, you are wellon your way.

Whether your vision is to travel to the remote reaches of the world, be a volunteer coach foryour grandchild’s sports team or explore the country in an R.V.one state at a time, CAAMS canhelp you get there. Since you are setting a course, think of your financial advisor as your navigator and CAAMS as the engine that will drive you there.

WHAT IS C A A M S ?

CAAMS is a suite of investment programs for building and managing yourwealth. Your advisor will use these programs to help build your cus-tomized investment portfolio.

Powering CAAMS is Capital Analysts’ Investment Management andResearch Team (IM&R) — a group of high-performing, seasoned in-vestment professionals, small enough for direct accessibility and personal-ized service, but large enough to manage its billions of dollars in assets.

By choosing CAAMS, you are tapping into Capital Analysts’ time- provenproprietary research and thorough due diligence. CAAMS’ research tools enable your advisor to weed out the vast number of underperforming products in the marketplace.

CAAMS proprietary research includes the ongoing evaluationof more than 10,000 mutual funds, plus thousands more stocks and moneymanagers, as well as variable products, alternative investments and otherinvestment products.

This complex data is translated into useful planning strategies to help yourfinancial advisor best meet your needs. Simply put, CAAMS helps your advisor help you reach your goals.

HOW WILL IBENEFIT FROMCAAMS?

The benefits are many, but some of the most important advantages of CAAMS are:

• State-of-the-art technology forgreater efficiency in managing your portfolio

• Asset allocation, balancing riskand reward to enhance poten-tial for beneficial portfolio returns

• Full spectrum of diversification vehicles to help minimize risk and overlap

• Unbiased, proprietary research and due diligence to help you make informedand objective decisions

• Careful monitoring of your portfolio to ensure adherence to your allocation choices

• Assurance that your assets aresecurely held with a strong in-dustry leader, Pershing LLC

• The professional guidance of your personal wealth advisor, who understands yourgoals and can help you achievethem

HOW EXACTLY WILL MY ADVISORHELP ME?

Your independent financial advisor will first help you clarify your financial goals and life goals, and then develop a customized strategy forbuilding and preserving your wealth with CAAMS.

To make this happen, he or she will carefully and expertly construct yourinvestor profile. Every investment decision finds its roots inyour investor profile. Your investor profile will help make your vision crys-tal clear.

Where are you in life today? What are your life objectives? What kind ofvalues and legacy do you wish to leave to your family and your commu-nity? What is your time horizon? What are your currentand future income needs? Liquidity needs? Retirement plans? Tax considerations? What is your tolerance for risk? The risks you don’t want,and those you are willing to take?

Understanding who you are as an investor is the foundation ofthe CAAMS investment portfolio process. The CAAMS process isfounded on two keys to success:

CONSIDER THE BIG PICTURE. Your major investment decisions should take into account all other important elements of your finances and your life.

PUT STRATEGIC BEFORE TACTICAL. Research studies have demonstrated the importance of strategic asset allocation over the long term. Choosing what percentage of your assets to put in different asset classes (such as equities, fixed income, international or realestate) has greater impact on portfolio returns than either market timing orthe selection of individual investments.

Your advisor will create an Investor

profile to address your unique needs.

Asset allocation: A key to helping you

choose your own path — and grow wealth.

MarketCapitalization

Large-Cap Mid-Cap Small-Cap

InvestmentStyle

Value Growth Blend

GeographicRegion

Domestic Foreign

EQUITIES

Maturity IndustryGroups

GeographicRegion

Domestic Foreign

CreditQuality

FIXED INCOME

Treasury Bills MoneyMarketInstruments

Certificatesof Deposit

CASH EQUIVALENTS

Real Estate Inflation Hedges

ALTERNATIVE INVESTMENTS

H O W C A N A S S E T A L L O C A T I O N H E L P M E

M I N I M I Z E R I S K W H I L E M A X I M I Z I N G R E T U R N ?

Asset allocation isthe most importantdeterminant of variancein portfolio performance.BRINSON, HOOD & BEEBOWER, 1986

■ Asset Allocation: 91.5% ■ Securities Selection: 4.6% ■ Timing: 1.8% ■ Other Factors: 2.1%

As previously mentioned, your financial advisor will help you analyze your objectives, time horizon, and risk tolerance using a specialized questionnaire. This will lead to the creation of your customized investmentstrategy and an asset allocation model reflecting your feedback.

CAAMS uses a sophisticated multi-tiered approach to asset allocation. The initial level of diversification is among the three basic asset classes, whichare equities, fixed income investments and cash equivalents.

For equities, additional diversification is achieved through differentmarket capitalizations (large cap, mid cap, small cap), styles (value, growth,blend), and geographic regions (domestic and foreign). For fixed incomeinvestments, further diversification is gained by maturity, credit quality,industry groups, and geographic regions.

An additional tier of diversification adds alternative investments — such as realestate and inflation hedges — which do not correlate closely with the stock orbond markets.

This overall degree of diversification has proven effective as a strategy to minimize the two major investment risks — inflation (loss of purchasingpower) and volatility (loss of principal).*

*Neither asset allocation nor diversification guarantee a profit or protect against a loss.

WHAT IS IN MY C A A M S INVESTMENT PORTFOLIO?

Basically, you have a variety of programs to meet a variety of needs. You will have access to broad diversification opportunities in asset class, style, markets and geography. Your advisor can review fact sheets with youon each of the following investment programs:

SINGLE ASSET CLASS PORTFOLIOS

MANAGED BY CAPITAL ANALYSTS’ IM&R TEAM

C A A M S I N C O M E S T R AT E G I E S : Individually customized portfolios using a laddered bond approach.

C A A M S S T O C K : Multi-cap, multi-style, all-equity portfolios.

MANAGED BY THIRD-PARTY MONEY MANAGERS

C A A M S S E L E C T: Managers tend to use single asset class portfolioscomprised of a specific investment, such as all stock, all bonds or allreal estate.

MULTIPLEASSET CLASS PORTFOLIOS

ADVISOR-MANAGED WITH CLIENT APPROVAL

C A A M S A N D C A A M S P L U S : Open architecture, no-load and load-waived mutual funds; CAAMS Plus also provides access to stocks, bonds and exchange-traded funds (ETFs).

MANAGED BY CAPITAL ANALYSTS’ IM&R TEAM

C A A M S A S S E T B U I L D E R : Excellent entry into managed accounts because of low minimum investment; uses combination of active and passive approaches comprised of mutual funds.

C A A M S C O M P L E T E : Comprised of mutual funds and ETFs;combination of active and passive approaches.

C A A M S E T F : Built exclusively with ETFs representing multiple asset classes and styles.

C A A M S U N I F I E D M A N A G E M E N T A C C O U N T ( U M A ) :Best-of-breed strategy combining the broad benefits of individual securities, ETFs and mutual funds.

C A A M S D E D I C AT E D “ S L E E V E S ” : More narrowly focused investment vehicles designed for a specific objective, such as alternatives or international options.

CAAMS has a variety of programs

to meet a variety of needs.

Build. Grow. Diversify. Plan. Give.

CAAMS.

Y O U R A S S E T S ARE PROTECTED

When you invest in one or more of the CAAMS programs, your portfolio is managedby a team of seasoned professionals using proprietary research that has establishedan impressive track record. You are then free to focus on the things that are most im-portant to you, such as your long-term to-do list, family events or your next dreamvacation.

CAPITAL ANALYSTS, INC. , is the investment management company that created, maintains and owns CAAMS. Capital Analysts does not hold clientfunds or securities. CAAMS assets are held at our clearing firm, PershingLLC, which is a member of the Securities Investor Protection Corporation (SIPC),and carries extra insurance protection in excess of the SIPC coverage. For more in-formation on Pershing, visit www.pershing.com.

Please remember: No coverage protects against a decline in market value of the securities.

Capital Analysts, Inc., is a Registered Investment Advisor and a Lincoln Investment company. The Lincoln Investment companies are committed to helping individuals and families achieve long-term financial well-beingthrough the expert guidance of independent financial professionals who rely onLincoln Investment for asset security, investment integrity and quality service.

ABOUT CAPITALANALYSTS

Capital Analysts provides a comprehensive platform of wealth managementservices to independent advisors serving the investment planning, life planning and advancedplanning needs of affluent clients nationwide.

One of these wealth management services is the acclaimed CAAMS suite ofinvestment programs, designed for building andmanaging your wealth.

Capital Analysts is proud of its results-driven innovations and strong national reputation asa thought leader in the financial servicesindustry.

The Wealth Management Services diagram is a service mark of Lincoln Investment.

SM

218 Glenside AvenueWyncote, PA 19095

800-242-1421www. capitalanalysts.com

Advisory services offered through Capital Analysts, Inc. or Lincoln Investment, Registered Investment Advisors. Securities offered through Lincoln Investment, Broker/Dealer, Member FINRA/SIPC.

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