01/08/2013

Now that 2012 has come to an end and we anticipate the challenges of a new year, we would like to

thank all of you for your trust and your confidence by entrusting to our management your hard earned

financial assets.

Hopefully the embedded informational sources will add value to your future planning, planning that has

become more complicated by the never ending shifting policies affecting the areas of health care,

taxation, environment, energy, employment, banking, and general domestic and international

conditions.

Feel free to call me should you wish to discuss any of the above areas of interest relative to the possible

effects they may exert on your investments with LPL Financial.

Regards,

LPL Registered Principal

1920 Tienda Drive, Suite 202, Lodi, CA 95242 (209) 367-0868 Phone (855)367-0868 Toll Free (209) 367-0811 Fax www.lpl.advisorweb.com/phillipsfinancial Web

Christian Phillips, LPL Registered Principal, CA Insurance Lic. # 0A20651 • David Phillips, LPL Registered Principal, CA Insurance Lic. # 0C98523

Securities offered through LPL Financial Member FINRA/SIPC