PRESENTATION FOR PREMIUM WEALTH MANAGEMENT LIMITED

Presented by Stephen Prendeville

• Cash is King• Fee for Service• Innovation in Software• Client Engagement• Client Revenue

Market Backdrop

• Risk Profiling• Asset Allocation• Short form SOA• Scalable Advice• Social Media

Market Backdrop

• Domination of Institutions• Aggressive Acquisition

strategies impacting supply• No organic growth, cannibalise

existing FUM• Death of Independents

Changing Face of Distribution

• Waiting on ASIC release end of 2012

• Treatment of Volume Overrides New clients post 30 June, 2012 Ability for licensee’s to receive VO’s Transferability of VO’s

• Dealer groups moving down value chain

FOFA Impacts

• Revenue’s down 20%• Superfunds down• Deferred retirement• Success of institutions

Supply

• “I have to buy or I have to sell”• $200K recurring revenue book

• Significant and this has stabilised prices from July to Dec 2011 by 2.88 to June 30 2012 3.01

Demand

Market PricesRevenue Type Multiple Applied

SMSF Advise 3.00SMSF Administration 1.00General Insurance 1.90Risk 3.50Personal Investment 3.30Corporate Superannuation 1.50 #Personal Superannuation 2.69 #Superannuation Personal Insurance 2.50 #Accounting Individual Returns 0.60Accounting Compliance/BAS 0.80Accounting Advisory 1.00Accounting SMSF 1.00

FY 2012 AVERAGE 3.01

Market Prices Cont.