This document contains general information, may be based on authorities that are subject to change, and is not a substitute for professional advice or services.  This document does not constitute tax, consulting, business, financial, investment, legal or other professional advice, and you should consult a qualified professional advisor before taking any action based on the information herein.  This document is intended for the exclusive use of East Bay clients, and/or clients or prospective clients of the advisory firm for whom this analysis was prepared in conjunction with the EAST BAY TERMS OF USE, supplied under separate cover.  Content is privileged and confidential.  Information has been obtained by a variety of sources believed to be reliable though not independently verified.  To the extent capital markets assumptions or projections are used, actual returns, volatility measures, correlation, and other statistics used will differ from assumptions.  Historical and forecasted information does not include advisory fees, transaction fees, custody fees, taxes or any other expenses associated with investable products unless otherwise noted.  Actual expenses will detract from performance.  Past performance does not indicate future performance.

The sole purpose of this document is to inform, and it is not intended to be an offer or solicitation to purchase or sell any security, or investment or service.  Investments mentioned in this document may not be suitable for investors. Before making any investment, each investor should carefully consider the risks associated with the investment and make a determination based on the investor’s own particular circumstances, that the investment is consistent with the investor’s investment objectives.  Information in this document was prepared by East Bay Financial Services, LLC. Although information in this document has been obtained from sources believed to be reliable, East Bay Financial Services, LLC does not guarantee its accuracy, completeness, or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use.  Any such information may be incomplete or condensed and is subject to change without notice.

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