At Tilton Sturman Financial, we specialize in Wealth Management.

We address the overall investment needs, asset allocation, and the security suitability, for each individual client, in light of their financial goals, risk tolerance and tax situation. We implement a Core-Satellite methodology to money management. Core positions are the foundation of the portfolio, while Satellite holdings seek to generate incremental return potential in otherwise less efficient asset classes. By integrating the two, we strive to target better results than utilizing either method by itself.

Core	Satellite
Strategic	Tactical
Managed for risk/return balance	Managed for risk or return or both
Based on asset allocation model, historical data	Use historical data, projected data, and leading economic indicators without allocation model
Fully diversified	May or may not be fully diversified
Holding period: 3 to 10+ yrs.	Holding period: 3 mos. to 3 yrs.
Methodical rebalancing	No rebalancing
Assumes systematic risk, measured by Beta Purchasing power Reinvestment rate Interest rate Market Exchange rate/currency	Assumes systematic and/or unsystematic risk, measured by Standard Deviation Any systematic risk factors - Business - Financial - Default - Regulation - Country - Investment manager

Wealth Management also involves the choice of securities for an investment portfolio. Basic securities are stocks, bonds, and mutual funds. Separately managed accounts, indices, option strategies, short-term assets, and annuities may also be recommended to optimize a portfolio.

Alternative investments could be an effective option for the right investor. One of the premier benefits of alternative investments is diversification, resulting from the inclusion of investments that react differently to the markets than more traditional investments. Please remember, however, that there can be no guarantee that any particular yield or return will be achieved from any investment. Investors should note that diversification does not assure against market loss and that there is no guarantee that a diversified portfolio will outperform a non-diversified portfolio. Managed futures, angel investments, commodities, hedge funds, tax shelters, venture capital funds, and real estate are all examples of alternative investments. Alternative investments are not suitable for all investors as they involve substantial risk. The risks include, but are not limited to the following: no guarantee that they will reach their investment objectives; there is no public market for shares of these investments making it difficult to sell or, if sold, at a significant discount; alternative investments are highly illiquid in nature; investors could lose all or a substantial amount of their investment; they may be redeemed at less than original amount invested; higher fees and expenses may be charged which may increase the risk that returns are reduced; performance can be volatile; tax and real estate risks due to market and economic conditions may also be associated. Investors must meet specific suitability standards before investing and understand these investments are for a long-term investment horizon.

Some situations require expertise different from typical stock and bond portfolio implementation. These situations usually pertain to employer-related retirement plans and stock options, margin strategies, and real estate exchanges.

*The Investment Professionals of Tilton Sturman Financial are Registered Representatives and Investment Advisor Representatives of Commonwealth Financial Network, a Registered Investment Advisor.