“VIP” Video Transcript [On screen: Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.

Advisory programs may not be appropriate for all clients.

Your individual Financial Advisor at Wells Fargo Advisors is not a tax or legal advisor. Please consult with your own tax or legal advisors before taking any action that may have tax consequences.

The strategies discussed may not be suitable for your personal situation, even if it is similar to the example presented. Investors should make their own decisions based on their specific investment objectives and financial circumstances. ]

Investment  and  insurance  products:    

NOT  FDIC-­Insured   NO  Bank  Guarantee   MAY  Lose  Value  

[music]

[On screen: There are millions of investors in the United States. At Wells Fargo Advisors we care about one…You]

Narrator: At Wells Fargo Advisors...we understand that no two investors are exactly alike. That's why we've created a program for you -- The Valued Investor Planning program or VIP program. Since its inception in 1997 more than 2,100 clients have participated in our VIP program and no two experiences have ever been the same.

Greg Denton Director, High Net Worth Planning From the very beginning, one of the things we wanted to do was to make the VIP program something that was unique and specific to each individual client situation. When clients are meeting with us we are actually talking about their specific individual circumstance. We are talking about their asset allocation. We are talking about their retirement goals and their estate plan.

[On screen: Wells Fargo Advisors Logo with text We’re behind YOU]

Narrator:

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The VIP program is designed to leverage the strength and experience behind our financial advisors. Through your financial advisor you have access to our team of wealth management professionals from our headquarters-experts in a wide variety of disciplines including, estate planning, executive compensation and philanthropic planning, just to name a few. The VIP program is your opportunity to tap this expertise.

[On screen: images of Wells Fargo Advisors home office in St. Louis. Image of St. Louis Arch with surrounding buildings]

At the center of the VIP program is a visit to our headquarters in St. Louis with your Financial Advisor. But the VIP program starts long before your trip.

At Wells Fargo Advisors we understand the value of truly getting to know you--fully understanding your dreams and goals. That's why before you visit St. Louis-you and your financial advisor will work with a variety of our home office experts to analyze where you are and where you want to be. This will help make your visit meaningful and customized specifically for you.

Dan Prebish Director, Life Event Services An important part of your day is the estate planning conversation. You are going to have the opportunity to meet with an experienced attorney, a trust specialist and an insurance specialist. They will have taken the time to read your documents, to understand your financial situation and to learn about your family. You are going to have a very detailed and practical conversation-a discussion about strategies that work for your family and fit your particular needs.

[On screen: Wells Fargo Advisors logo with text A day about YOU]

Narrator:

[On screen: image of Wells Fargo Advisors building]

When you travel to St. Louis with your financial advisor it's about you. It's a one-day comprehensive, financial check-up at our headquarters. With the assistance of your financial advisor and a variety of home office experts, you will create a long-term financial roadmap for you and your family to follow. We will look at your overall financial picture...from cash flow and asset allocation...to higher education and retirement and estate planning strategies.

While in St. Louis you will have exposure to the CPAs, estate planning attorneys and insurance specialists who crafted your plan. It's your opportunity to question them regarding their recommendations and fully understand what changes may help improve your financial picture. The plan that our financial experts recommend will be a deep, detailed, confidential assessment of what you want your money to do for your lifetime and beyond.

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When you leave St. Louis you'll have a well-organized written document housed in a three ring binder which you and your financial advisor can refer to as you implement various components of your plan.

Some of the strategies that may be considered during your trip include: a proposed asset allocation that may better meet your short and long-term objectives.

[On screen: Pie chart with text that says Asset Allocation. Help meet your short and long-term objectives]

Ideas to manage and coordinate both your taxable and tax-deferred assets to help you create or refine a withdrawal plan for your retirement and future generations.

Recommendations on investment strategies, bonds, and advisory programs to help you meet your financial goals. Strategies that can help you achieve your estate planning objectives, such as credit shelter trusts, life insurance trusts, charitable trusts, generation skipping trusts or the establishment of a private foundation.

For executives, we can provide an analysis and a diversification strategy for your equity-based compensation to help lessen the risk of owning a substantial position in your company stock.

Kristin Wagner Manager, Executive Services We have a large number of clients that come in for VIP visits with a concentration in their company stock. So we usually start the day with a review of that concentrated position, and as the day progresses, various areas of the firm will discuss strategies to minimize the risk in that position and the client's overall portfolio.

[On screen: Wells Fargo Advisors logo with text We’re with YOU ]

Narrator: Once you leave St. Louis--it doesn't end there. You and your Financial Advisor will be able to use the plan as a long-term resource with your team of trusted advisors-which may include your local estate planning attorney and CPA. Additionally, you and your advisor will continue to have access to the team of professionals in St. Louis to make adjustments to your plan as your life dictates.

[On screen: Wells Fargo Advisors logo with text Is the VIP Program right for YOU?]

Through the years the VIP program has been a valuable resource to many individuals and families. Including:

•   Business owners who have sold their business and have cash or a concentrated position in acquirer's stock.

•   Executives with substantial equity compensation and who want help managing those benefits within company and SEC restrictions.

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•   Individuals who plan on retiring in the next five years and want the comfort of a well-defined strategy.

•   Families concerned about transferring wealth to subsequent generations or charitable entities. •   Or anyone who wants to experience the vast resources and services of Wells Fargo Advisors that

are available through their financial advisor.

Interested? Talk with your financial advisor about scheduling a date. Keep in mind that it generally takes 6 to 8 weeks to properly prepare for a visit.

[On screen: Wells Fargo Advisors logo with text The Valued Investor Planning Program]

We look forward to having you at our headquarters in St. Louis for what we believe will be one of the most valuable days you'll ever spend.

To  be  eligible  for  the  VIP  Program,  individual  investors  must  have  a  minimum  of  $5  million  in  net  worth.  

While  there  is  currently  no  charge  for  the  VIP  financial  plan,  individual  investors  are  still  responsible  for  all  fees  and  expenses  (such  as  investment  management  fees  and  brokerage  expenses)  incurred  in  connection  with  the  implementation  of  a  financial  plan.  

The  services  rendered  in  the  VIP  program  are  one-­time  financial  plans,  not  ongoing  advice.  

Insurance  products  are  offered  through  nonbank  insurance  agency  affiliates  of  Wells  Fargo  &  Company  and  are  underwritten  by  unaffiliated  insurance  companies.  

Trust  services  available  through  banking  and  trust  affiliates  in  addition  to  non-­affiliated  companies  of  Wells  Fargo  Advisors.  Wells  Fargo  Advisors  and  its  affiliates  do  not  provide  legal  or  tax  advice.  Any  estate  plan  should  be  reviewed  by  an  attorney  who  specializes  in  estate  planning  and  is  licensed  to  practice  law  in  your  state.      Wells  Fargo  Advisors  is  the  trade  name  used  by  two  separate  registered  broker-­dealers:  Wells  Fargo  Clearing  Services,  LLC  and  Wells  Fargo  Advisors  Financial  Network,  LLC,  Members  SIPC,  non-­bank  affiliates  of  Wells  Fargo  &  Company.      0417-­00410  

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