First Western Investment Advisors

Proposed LSC Investment Solution

USA Swimming

Investment Solutions

Given the current investment advisory relationship First Western Advisors has with US Swimming, we are excited to offer a similar investment opportunity to the affiliated LSC’s around the country. These next few pages will provide high level information about First Western Advisors and Frank Russell Company, the investment implementation management firm utilized by US Swimming.

First Western Investment Advisors

We are a boutique bank that combines world class investment expertise and personal attention to deliver customized portfolio management services. We act as a fee based, independent fiduciary, avoiding all conflicts of interest.

Our investment team includes CPA’s, CFP’s, Lawyers, CFA’s and Accredited Investment Fiduciaries. We manage over $2.5 billion in assets and provide access to Frank Russell Company who manages over $2 trillion in assets and is the largest global manager of managers.

First Western has the ability to customize our services and we provide direct access to the top outside experts in the investment world to create a portfolio using a rigourous, disciplined analytical process.

Frank Russell Company

• Russell Investment Group is one of the world’s leading investment firms offering a full range of tailored services and insight regarding some of the world’s best investment managers. Founded in 1936, Russell has honed its expertise through decades of market cycles. For more than 40 years, premier organizations and multi-million-dollar clients have sought Russell’s expertise and advice in evaluating and selecting talented money managers

• Today, many more organizations and individual investors take advantage of Russell’s insight and skills through our MULTI ASSET MULTI STYLE MULTI MANAGER® investment programs. The Russell Difference

Russell’s investment approach rests on the following foundations:Diversifying among asset classes is the most prudent approach to

managing risk.Investment styles move in and out of favor with the market.Even the best investment managers do not stay on top for extended

periods of time.We believe that a portfolio diversified at these three levels can help

you manage risk and pursue your long-term investment goals.

Frank Russell CompanyAdvising Clients Worldwide

Representative Client List

Alcoa

AT&T Inc.

BASF

BHP Billiton

Bill and Melinda Gates Foundation

Boeing

Caterpillar

Coca-Cola

General Motors

IBM

State Teachers Retirement System of Ohio

Toyota Motor Pension Fund

Representative client list as of 2/2009. Clients may contract for a variety of services from Russell Investment Group. For more information on the selection criteria, please refer to the disclosure slide. AR1013

Build Investment Strategies

Help Meet Financial Goals and Obligations

Implement Disciplined Approach

Investment Solutions

7First Western Investment Advisors

Investment Solutions ImplementationInvestment Solution

Management Solution

Reason

Investment Portfolio - $100,000 - $250,000 Single Style-Allocation Fund Frank Russell Company Lower cost LifePoints Funds Greater diversification

Investment Portfolio - $250,000 - $750,000US Swim Asset Allocation Frank Russell Company Master IPS – lower cost

Institutional Funds

Investment Portfolio – Over $750,000Customized Asset Allocation Frank Russell Company Customized IPS

Funds Institutional pricing

Investment Portfolio < $100,000Bank Deposits, CDs

Competitive Pricing

Evaluating Fees• Basic Principles:

– Going directly to managers will likely reduce fees, however, the size of the portfolio will dictate the level of diversification and access

– The bigger your portfolio, the lower the fee ratio and greater access to managers

– You have the ability to leverage the relationship of US Swimming to reduce cost significantly

First Western Investment Advisors Fee Structure

LSC Investment Size Solution Fee Structure Fees IPS

$100-$250,000 Investment Mgmt Fee .50% Stand aloneAverage LifePoints Fund 1.03%Total Approx. Fee 1.53%

$250-$750,000 Investment Mgmt Fee .75% MasterAverage Fund Expense .77%Total Approx. Fee 1.52%

Over $750,000 Investment Mgmt Fee .75% Stand aloneAverage Fund Expense .77%Total Approx. Fee 1.52%

Why First Western Investment Advisors?

• Because we are different!– With First Western you will benefit from layers of

independence, knowledge & oversight– Our structured and disciplined approach means you

know what to expect– First Western strives to offer a superior investment

solution

• First Western offers World Class resources with client-focused, customized delivery– Our approach-

• Not just providing investment products but rather investment solutions

• Providing fiduciary oversight• Accountability• Flexible, Responsive & Proactive

For more information please contactGuy Holman at First Western Trust

Bank at (303) 640-2406 or at gholman@fwtb.com