BSAN Elite Dividend Portfolio

Tom Breiter, President

- For Financial Professional Use Only -

Rules-Based Portfolio Manager

Elite Dividend Portfolio started in 2004. Branded for

BSAN in 2013. Firm philosophy is to “Win by Not

Losing”. Risk Control is paramount.

Focus on Rising Dividends

Low Turnover / Tax Efficient

Lower Volatility than S&P 500 Index

High Quality Companies

Potential for Above Average Returns

The Historical Record is Clear

Over time, dividend payers (as a group):

Outperform non-dividend payers

Enhancers outperform ‘stagnant’ payers

Tend to have lower risk

Provide growing income stream

Why Rising Dividends?

We believe rising dividend payments

identify great growth companies which

offer both an attractive long-term income

stream and growth of value.

Why Rising Dividends?

Source: Strategas Research Partners; Results from 12/31/1929 – 3/31/2014

Typical Elite Dividend Companies

Observations from 11 Years of History

Beta against S&P 500 of 0.6 – 0.7

Standard Deviation 15% - 20% less than S&P 500

Drawdowns during major corrections 50% - 60% of

S & P 500 drawdown

Historical performance & risk characteristics cannot be

guaranteed to hold true in the future.

* Inception date is 06/30/2004

Composite returns are actual, not model returns, and include reinvestment of dividends. Returns are presented gross of fees and net of FAAS’s

maximum fee of 2.5% annually. Most clients will pay a lower fee with corresponding higher net results. Index return is provided for comparison.

Individuals cannot invest in an index. Past performance is not a guarantee of future results and portfolio values will fluctuate.

1 year 3 year 5 year 7 year 10 yearSince

Inception

Elite Dividend (Gross) 4.02% 13.65% 15.59% 10.16% 8.54% 7.96%

Elite Dividend (Net) 1.45% 10.83% 12.72% 7.43% 5.86% 5.28%

S&P 500 7.42% 17.31% 17.34% 9.42% 7.89% 7.75%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

Annualized Return

* Inception date is 06/30/2004

Composite returns are actual, not model returns, and include reinvestment of dividends. Returns are presented gross of fees and net of BCM’s

maximum fee of 2.5% annually. Most clients will pay a lower fee with corresponding higher net results. Index return is provided for

comparison. Individuals cannot invest in an index. Past performance is not a guarantee of future results and portfolio values will fluctuate.

Composite Performance Results By Year for

BSAN Elite Dividend Portfolio – 06/30/15For Professional Use Only

Elite Dividend Gross of Fees

Elite Dividend Net of 2.5% Fees

S & P 500 Index

2004* 3.89% 2.60% 7.19%

2005 2.06% -0.47% 4.91%

2006 15.88% 13.01% 15.79%

2007 2.07% -0.46% 5.49%

2008 -16.56% -18.63% -37.00%

2009 14.33% 11.50% 26.46%

2010 13.91% 11.09% 15.06%

2011 9.57% 6.85% 2.11%

2012 11.33% 8.58% 16.00%

2013 27.24% 24.09% 32.39%

2014 10.50% 7.77% 13.69%

2015 YTD -0.70% -1.94% 1.23%

Elite Dividend is Ideal for Bucket 3-A

Rising income stream will be significant in

15 - 25 years

Capital appreciation likely over 15 - 25 years

Tax efficient

Higher quality, lower volatility portfolio helps

clients stay the course as “owners”

Current Portfolio Yield – Approx. 2.6%

Current holdings have increased dividends at an

average rate of over 14% annually for last five years.

• Assuming this rate continues

• Based on original capital investment, yield will be

> 6% in 7 years

> 16% in 14 years

> 40% in 21 years

Even if Stock Prices Failed to Appreciate

Over 20 Years…..

Dividend income may be high enough to

replace buckets 1B & 2 without having to sell

bucket 3 holdings.

In reality, if dividends increase at these rates

over 15 - 25 years, it is highly likely capital

appreciation will also occur.

Proactive Risk Control

In addition to the inherent defensive nature of the

Elite Dividend Portfolio; we employ risk control

measures based quantitative trend indicators.

Our goal is to identify the times to be fully invested,

or when to raise cash (typically not more than 25%

in Elite Dividend Portfolio).

We believe the Elite Dividend Portfolio is ideal for a

portion of Bucket 3-A of the Bucket Strategy.

Your goal as an advisor is to have the client stay the

course so your bucket strategy plan will work.

Clients understand the concept of more money to spend

each year – and will view their portfolio as “owners”, not

“traders”

Summary

• Different types of investments involve varying degrees of risk, and there can be no

assurance that any specific investment will either be suitable or profitable for a client's

investment portfolio. All investment strategies have the potential for profit or loss and past

performance is not a guarantee of future results. Changes in investment strategies,

contributions or withdrawals may materially alter the performance, strategy and results of

your portfolio. The use of charts, formulas or models does not guarantee a particular

success rate or prevent potential losses.

• The performance of various indexes and asset classes being referred to in this

information does not reflect the performance of Breiter Capital Management’s clients. It is

not possible to invest directly in an index. Historical performance results for investment

indexes and/or categories generally do not reflect the deduction of transaction and/or

custodial charges or the deduction of an investment-management fee, the incurrence of

which would have the effect of decreasing historical performance results. Economic

factors, market conditions, and investment strategies will affect the performance of any

portfolio and there are no assurances that it will match or outperform any particular

benchmark.

Disclosures