“New Hand on Deck.”

We’re very excited to announce an addition to our team effective today. Rob Gephart has joined us to manage our information technology, regulatory compliance and to bolster our office efficiency.

Rob comes to us with almost 20 years of experience in new product development, management and business. He is a graduate of Notre Dame with an MBA from Aurora University. He resides in St. Charles with his wife and two children. Welcome Rob!

The first quarter shows us with three positive months…Our solid results did not keep pace with the stock equity indices since we were rather conservatively positioned with our option strategy providing more downside protection than proved necessary.

The stock market has benefited from a gradually improving economy. It also is the “only game in town” as fixed income and real estate investments are largely out of favor. The market has remained resilient against international disaster in Japan, Middle Eastern unrest and domestic financial challenges.

We continue to be rather conservative in our investment posture since the risk/reward picture is not compelling. Stocks are probably reasonably priced by historic standards and large gains in productivity and profits are not likely. Similarly, risks are not apparent as money flows should favor equities going forward.

We see our role as managers of your investible funds with emphasis on security of principal. We also feel a growing responsibility to assist you in achieving (or continuing) a successful retirement. Please call us to discuss strategy in detail.

Very truly yours,

Michael F. Cantlon

Thomas E. Guyett