Actively Managed Portfolios Lifetime Wealth Portfolios

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1 Updated in September, 2013 For Financial Advisor and Current Client Use Only Morningstar Investment Services, Inc. Actively Managed Portfolios Lifetime Wealth Portfolios Affected Portfolios Capital Preservation Conservative Income Conservative Income with Growth Moderate Growth with Income Moderate Growth Growth Aggressive Growth Wasatch Advisors recently announced that David Powers will replace Ralph Shive as lead manager for at the end of September. After conducting due diligence on the new manager and his strategy, we determined we no longer have the same level of conviction in the fund. As a result, we sold it and allocated the proceeds to other equity funds in the portfolios. In particular, we added to FMI Large Cap, Aston/River Road Dividend All Cap Value, IVA Worldwide, and to a lesser extent, Artisan International Value, Harbor International, and Champlain Mid Cap. We generally maintained the same tactical exposures in the portfolios: Non-U.S. equity at the expense of U.S. equity and large-cap stocks at the expense of their smaller counterparts.

2 Capital Preservation Tax Deferred Conservative Income Tax Deferred ] Increase IVA Worldwide I Conservative Income with Growth Tax Deferred ] Increase IVA Worldwide I Moderate Growth with Income Tax Deferred ] Increase Artisan International Value ] Increase IVA Worldwide I

3 Moderate Growth Tax Deferred ] Increase IVA Worldwide I Growth Tax Deferred ] Increase Champlain Mid Cap Adv ] Increase IVA Worldwide I Aggressive Growth Tax Deferred ] Increase IVA Worldwide I Capital Preservation Taxable

4 Conservative Income Taxable ] Increase IVA Worldwide I Conservative Income with Growth Taxable ] Increase IVA Worldwide I Moderate Growth with Income Taxable ] Increase Artisan International Value ] Increase IVA Worldwide I

5 Moderate Growth Taxable ] Increase IVA Worldwide I Growth Taxable ] Increase Harbor International Inv ] Increase IVA Worldwide I Aggressive Growth Taxable ] Increase IVA Worldwide I

6 For Financial Advisor and Current Client Use Only This communication is for Morningstar Investment Services clients ONLY. It contains important information about their investment advisory account. Please note references to specific mutual funds within this piece should not be considered an offer (as defined by the Securities and Exchange Act) to purchase or sell that specific mutual fund. Past performance does not indicate or guarantee future returns. A mutual fund s net asset value, yield and return will fluctuate, in which case an individual s investment, when redeemed, may be worth more or less than the original investment. Mutual funds investing in foreign securities incur risk greater than domestic securities due to such risks as political, economic, and currency fluctuation. Mutual funds investing in high yield bonds involve greater risk due to lower credit quality of the issuers. Please refer to the prospectus for additional information on any individual funds included in your portfolio. Opinions expressed are as of the current date; such opinions are subject to change without notice. Morningstar Investment Services or Ibbotson Associates shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions or their use. This Update contains certain forward-looking statements. We use words such as expects, anticipates, believes, estimates, Forecasts, and similar expressions to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially and/or substantially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason. Past performance does not guarantee future results. Morningstar Investment Services, Inc. is a strategist on the Lifetime Wealth Portfolios Platform offered by Eagle Strategies LLC (Eagle). The strategist creates and updates a model portfolio utilizing various mutual funds or exchange traded funds and delivers the model portfolio to Envestnet Asset Management, Inc. (Envestnet) for implementation. An investor should refer to his/her Investment Management Agreement as well as the Disclosure Brochure for each of the firms noted above for complete information on their respective roles and responsibilities. Morningstar Investment Services, Envestnet, and Eagle are registered investment advisers with the Securities and Exchange Commission and are not affiliated companies. SMRU Exp. 12/31/2013