IMPORTANT CONSUMER DISCLOSURE

Mercer Asset Management, Inc. ("Mercer") is a registered investment advisory firm in the state of Washington and California, located on Bainbridge Island, Washington. Mercer and its representatives are in compliance with current registration and/or filing notice requirements imposed upon Washington State Registered Investment Advisors. Mercer may only transact business in those states in which it is registered, or qualifies for an exemption or exclusions from registration requirements. Mercer's web site is limited to the dissemination of general information pertaining to its investment advisory and financial planning services. Accordingly, Mercer's web site on the Internet should not be construed by any consumer and/or perspective client as Mercer's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Mercer with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Mercer, please contact the State of Washington, Department of Financial Institutions, Securities Division. In California, please contact the Department of Corporations in Sacramento. A copy of Mercer's current written disclosure statement discussing Mercer's business operations, services, and fees is available from Mercer upon written request. Mercer does not make any representations or warranties as to the accuracy, completeness, or relevance of any information prepared by any unaffiliated third party provider, whether linked to Mercer's web site or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided appropriately.