The GlobalBridge Professional Portfolio^SM is an SMA model portfolio overlay program designed to offer institutional-quality portfolios to financial intermediaries. This program enables such intermediaries to offer competitive investment solutions to their HNW and institutional clients.

The GlobalBridge Professional Portfolio^SM value proposition:

• Financial intermediaries gain access to institutional money managers.
• Institutional money managers gain efficient and cost-effective access to HNW and institutional clients.
• Institutional money managers are able to generate revenues and profits from high net worth and smaller institutional accounts without incurring back office costs.

GlobalBridge utilizes the expertise of over 60 institutional managers who construct and manage investment portfolios for the institutional market. These managers provide GlobalBridge the portfolio models used in large institutional accounts, in order for us, as an overlay manager, to construct similar portfolios for high net worth and mid-size institutional accounts. This "model arrangement" allows participating managers to focus on their core function and value proposition - research, analysis, and portfolio construction. GlobalBridge performs all middle-office and back-office functions, including trading, settlement, reconciliation, compliance, proxy voting, reporting, billing and collection. Managers do not have any fiduciary relationship with the underlying client. Participating managers provide GlobalBridge access to their internal research in electronic format and transmit model rebalancing signals containing the ending portfolio securities percentage balance through a proprietary Internet-based interface to GlobalBridge's trading desk. GlobalBridge implements the model throughout its accounts after adjusting for client guidelines, restrictions, and tax liability management.