Your goals. Our solutions.

A Personal Approach to Asset AllocationAs a fee-based, SEC-registered, independent investment advisory firm, our

loyalty is entirely with our clients. We want to help you grow and maintain

your assets based on your financial goals. We believe in allocating every

client’s assets individually and personally, rather than relying on set models.

We combine objective investment advice, exhaustive research and professional

portfolio management to deliver a complete approach to asset management.

Our clients include:

• Individuals

• IRAs and IRA rollovers

• Trusts

• UTMAs and UGMAs

• Pension plans

• Businesses

• Nonprofit organizations

• Endowments and foundations

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Our Investment Process: A Clear, Consistent ApproachOur investment philosophy is simple: Maximize your return while minimizing your risk. We

do this by combining sound investment principles, exhaustive research and knowledge of

your individual financial situation to build the right portfolio for you.

The Asset Allocation Advantage

Studies show asset allocation is the single most important factor in determining your portfolio performance.

What is asset allocation? It’s a strategy for putting your eggs in more than one basket. By using asset allocation, we invest your funds in different categories of investments, with varying levels of risk and varying expected rates of return. We choose your investments based on your needs and objectives, rather than using a ‘cookie-cutter’ formula.

Investing According To Asset Allocation Principles Allows You To:

• Diversify among different asset classes

• Adhere to a long-term strategy

• Evaluate the performance of your portfolio according to benchmarks

• Track your progress in relation to long-term goals

• Stick to a “buy low/sell high” discipline

• Participate in strong markets and cushion losses in adverse markets

Risk vs. Return (for Asset Classes)

Cash

Bonds

Int’l Bonds

Large Cap

Stocks

Int’l Stocks

Small Cap

Stocks

Low

H

igh

Low HighRISK

RET

UR

N

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Our Three-Step ProcessWe follow three steps when investing your assets:

Assess Your Needs And Objectives

Together we fill out your Client Investment Profile. We then analyze your profile and consider the factors unique to you, such as:

• Risk tolerance• Investment objectives• Amount of time before you will need to spend funds• How much income you require• Your current and future tax brackets

Determine Your Optimum Asset Allocation

With the assistance of state-of-the-art asset allocation software, we thoroughly analyze your current asset allocation and develop a more efficient alternative to meet your objectives. We determine the percentage of your investments that should be in bonds, stocks and other asset classes. Our goal is to invest your funds in asset classes that are likely to deliver the highest returns at your desired risk level.

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3 Select Appropriate Investments

After we identify an efficient asset allocation for you, we select specific investments for your portfolio. These might include both your current investments and new ones.

Risk vs. Return (efficient portfolio)

Low

H

igh

Low High

RET

UR

N

RISK

Same Risk, More Return

Efficient Frontier

Inefficient Portfolio

Same Risk, Less Return

Take a Dynamic ViewThe initial allocation of your investments is only the beginning. Our team continually

monitors your portfolio and makes adjustments as needed.

Rebalancing: Because asset classes perform differently, we rebalance your portfolio to make sure your asset allocation stays where you want it. Before making adjustments, we review:

• Current economic conditions• Individual profile• Potential tax consequences

Repositioning: From time-to-time, the characteristics of a security change and it no longer meets our criteria. If you hold that security, an individual analysis of your portfolio is triggered, allowing us to reposition your investments.

Focus on Asset Allocation: Over the years, your investment profile changes as your life changes. We adjust your asset allocation to align with your evolving needs and objectives, as well as with changing economic conditions and market trends.

Analyzing Tax Implications: Taxes can affect the return of a portfolio on many levels. We screen funds and stocks for tax issues before buying or selling. We also try to offset gains and losses as much as possible to minimize your potential tax liability.

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Unlock the WorldOur clients have access to thousands of mutual funds, ETFs, separate account money

managers and every publicly traded security.

We set up and follow distinct eligibility rules with a simple underlying philosophy:

Mutual funds and separately managed accounts: We target fundamentally sound mutual funds and separately managed accounts that produce solid, sustainable performance over time.

Equity securities: We seek out leading industries and companies offering opportunities for long-term growth and dividends, as well as cyclical companies, turnarounds and value situations.

Fixed-income securities: We focus on income and capital appreciation, supported by active portfolio management within a long-term framework.

Keeping You InformedWhen you work with us, you receive independent and objective advice and we continually

keep you informed of your portfolio performance. Information is provided via:

• Our website, www.vantageadvisors.com provides you 24-hour access to real-time account information, updated performance, market bulletins, financial planning tools and other useful links

• Daily portfolio summaries show your investment values as of the close of the previous business day, plus ongoing gain/loss information and year-to-date income information

• Monthly statements provide the market value of each portfolio position at month’s end

• Quarterly portfolio performance reports show results for the calendar quarter and trailing time periods

• Frequent communications and weekly commentaries provide an explanation of what’s happening nationally or internationally during market events and report on how we’re managing your investments

• Flexible meeting formats including in-person, teleconferencing, web-based meetings and others

We deliver objective investment advice, thorough due diligence and professional portfolio management. You can count on our complete approach for quality investment management that’s clearly on your side.

Research Data &

Information

Vantage Eligibility

Rules

Quantitative Screens

In-Depth Research &

Analysis

Investment Committee

Review

Recommended List

Ongoing Monitoring

Investment selection process

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Retirement Income PlanningRegardless if you are already retired, approaching

retirement, or decades away from this major life goal,

you probably envision spending those years differently

than your parents or grandparents. You are likely to live

longer, and in relatively better health, giving you more

years to enjoy an active retirement. You may also find

yourself working longer.

We help you picture retirement, define your needs and goals, and invest your funds to provide the best income solution for you. We combine objective investment advice, research and professional portfolio management to deliver a complete approach to realistic income planning.

Your Vision for RetirementWhat do you want retirement to look like?

What real-world factors might impact your retirement vision? As a first step, we work with you to complete your Client Investment Profile. We then analyze your profile and create a personalized plan.

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Factors we consider:

Your age at retirement:

• When should you begin taking Social Security payments?

• How many years of retirement should you plan for?

Your work plans:

• Will you stop working all at once, or will you work part-time or as a consultant during early retirement?

Your plans for travel and other “discretionary” dreams:

• Do you want to spend your retirement years traveling the world or do you plan to buy a boat or RV?

Your household:

• Will you still be supporting children?

• Will you have a mortgage?

• Do you plan to downsize or relocate?

Your health:

• Will existing medical conditions affect retirement?

• Will you need to pay for supplemental health insurance?

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Income. Preservation. Growth.To meet your retirement goals and income needs, we focus on three objectives:

01Current Income

02Capital Preservation

Using asset allocation and diversification, we work to preserve your portfolio’s principal, given your individual risk profile, objectives and needs.

Even when you need current income from your portfolio, long-term growth is still an important objective.

03Long-term Growth

We structure your portfolio to cover ongoing expenses. Housing, health care, children’s college tuition and vacations are some of the items you might pay out of this portfolio. We place these funds in lower-risk, higher-yielding investments.

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Your Individual InvestmentsWe consider a wide variety of investment vehicles for your retirement portfolios. Every investment we make meets our high standards and fits within your retirement goals. Possible investments:

• Individual stocks and mutual funds: Your long-term portfolio is likely to include securities, which tend to deliver higher returns over long periods.

• Bonds: Less volatile than stocks – and also delivering higher yields – bonds are good choices for producing income.

• Pension and Social Security income: While we can’t influence these income streams once you begin receiving payouts, we take them into account when planning your investments.

Your Income SolutionOur job is to help you achieve the return on investments you need to deliver your desired monthly income stream. We do this by looking at your goals and risk tolerance when creating your plan.

Ongoing Portfolio ManagementWith your needs changing over the years, retirement is a fluid state. For example, you might spend more on travel when you first retire, while medical expenses might grow in later years. Once we have allocated your investments, we continually monitor your portfolio to make adjustments as your needs and financial markets change.

• We rebalance your portfolio to make sure your asset allocation is in-line with your goals.

• We reposition your individual investments when our research shows a particular security no longer meets our standards.

• We adjust your asset allocation as your lifestyle and market trends change.

• We analyze your potential tax liability before buying or selling.

We create a plan for combining investments to minimize risk while delivering the return and income you need.

Vantage Investment Advisors, LLC 1375 Martin Street, Suite 200 | State College, PA 16803

Phone (814) 867 - 2050 Toll Free (888) 797 - 6161

www.vantageadvisors.com

This material is limited to the dissemination of general information pertaining to Vantage Investment Advisors, LLC’s investment advisory services.

Vantage Investment Advisors, LLC is an SEC registered investment adviser with its principal place of business in the State of Pennsylvania. Registration of an investment advisor does not imply any level of training or skill. Vantage Investment Advisors, LLC and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which Vantage Investment Advisors, LLC maintains clients. Vantage Investment Advisors, LLC may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by Vantage Investment Advisors, LLC 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 additional information about Vantage Investment Advisors, LLC, including fees and services, send for our disclosure statement as set forth on Form ADV using the contact information herein or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov). Please read the disclosure statement carefully before you invest or send money.