Add a new dimension to your clients’ portfolios

1. Add a new dimension to your clients’ portfolios

2. Presented by • Jerry Wagner • Founder and President • Flexible Plan Investments, Ltd. • Ken Whitley • Portfolio Manager • Flexible Plan Investments, Ltd.

3. President, Director and sole shareholder of Flexible Plan Investments, Ltd. since its formation in February, 1981 Designing methodologies and management of personal investment portfolios since 1969 Ran one of the first hedge funds in the early 70’s EducationBachelor of Arts in Political Science, Michigan State University MBA in Industrial Relations, Michigan State University Juris Doctor degree, University of Michigan Meet Jerry Wagner

4. Money manager for over 30 years One of the earliest practitioners of active investing Wall Street expertise with a Midwestern heart Headquarters in Bloomfield Hills, MI Over $1 billion assets under management* 50+ employees Service and Compliance oriented Working with over 600 B/D’s & RIAs Nationally Introduction: Flexible Plan Investments, Ltd. CLIENT COMMUNICATIONS: OnTarget Monitoring Quarterly Newsletter Weekly Hotline Daily Web Access * Approximate value as of June 30, 2011

5. Who we are Client Services Call center Interactive website Compliance Over 100 years combined legal experience with three attorneys on staff Dedicated Compliance Officerand staff Service Twelve external Regional Sales Managers Eight person internal advisor support team Research Ph.D led research department with over 75 combined years of professional experience in market analysis

6. Portfolio Manager, Flexible Plan Successful 8-year career operating Third Day Advisors, LLC, a registered investment advisory firm, as principal and portfolio manager, founded in 2003 Over 20 years experience in software engineering, concluding with a position at Intel Corporation as an Engineering Manager and Program Manager overseeing development of software-based products Education Bachelor of Science degree in Computer Science, Indiana University of Pennsylvania Meet Ken Whitley

7. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

8. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

9. Strategy Goals • Capital growth every calendar year • Growth regardless of market conditions • Maximum drawdown of not more than 30% (Blend) / 20% (Blend Balanced) $ t

10. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

11. The Proprietary Indicators • All indicators except TWH evaluate both the NASDAQ 100 and S&P 500 indices. • There is one signaling model used for both Tactical Blend and Tactical Blend Balanced.

12. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

13. Position Sizes / Market Exposure • All positions are in 2x-leveraged funds. A 50% position is 100% exposure to the market indices for that day. • All assets in money market 35-60% of market days, depending on market environment. Market Days Short Long Position Size

14. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

15. Tactical Blend vs. Tactical Blend Balanced • Blended across three indices • An absolute return program • Trades both long and inverse funds • 100% money market roughly half of market days • Most trades last two days or less • Returns have been non-correlated with US equity markets

16. Tactical Blend vs. Tactical Blend Balanced Source: Flexible Plan Investments’ Hypothetical Research Reports. Strategy returns shown are after 2% advisory fee. An establishment fee of 1.2% has been deducted at inception. The S&P 500 index shown is not tradable.

17. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

18. Position Allocation – Example 1 • REMEMBER - • Exposure is 2x • A 50% long allocation is 100% exposure to the indices for that day. • When the model indicates the position to be 100% long (Tactical Blend only), using the 30/40/30 allocation … • 30% will be in the NASDAQ 100 2x fund • 40% will be in the Russell 2000 2x fund • 30% will be in the S&P 500 2x fund

19. Position Allocation – Example 2 • REMEMBER - • Exposure is 2x • A 50% short allocation is 100% exposure to the indices for that day. • When the model indicates the position to be 25% short, using the 30/40/30 allocation … • 7.5% will be in the Inverse NASDAQ 100 2x fund • 10% will be in the Inverse Russell 2000 2x fund • 7.5% will be in the Inverse S&P 500 2x fund

20. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

21. Comments Regarding the Research Reports • Some hypothetical returns calculated from actual trades in analogous strategies • Be careful making portfolio decisions based purely on the risk (standard deviation) figure • The risk figure will fluctuate depending on the time frame chosen. The possibility of being 200% or 150% long on any given day makes these aggressive programs.

22. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

23. Suggested Client Characteristics • Portfolio: • is under-exposed to tactical strategies • components are highly correlated • Client accepts: • risks of leveraged and inverse funds • short-term capital gains and wash sales • “going (big) long” in the face of downturns • it should not be expected that “if the markets are going up, the Third Day Tactical Blend strategies are going up”

24. Agenda • Strategy Goals • The Proprietary Indicators • Position Sizes / Market Exposure • Tactical Blend vs. Tactical Blend Balanced • Position Allocation • Comments Regarding the Research Reports • Suggested Client Characteristics • Key Points

25. Key Points The Third Day strategies seek to reduce risk and enhance performance by: • being completely out of the market much of the time • calculating each trade’s position size according to the historical success of the indicators that are operative for that trade Tactical Blend and Tactical Blend Balanced are absolute return strategies, tending to produce returns in a non-correlated fashion to 1) the equity markets and 2) momentum or trend-following strategies

26. Strategies are actively risk managed Allocation shifts to seek protection against unnecessary risk Strategies draw upon a larger pool of investment options to take advantage of opportunities Those nearing retirement can benefit from the upside potential of exposure to stocks while having an active, risk-managed portfolio Why Active Management?

27. Why Strategic Diversification? • The magic of diversification – below-average risk • Many top performing strategies have larger draw downs; diversifying allows their inclusion in non-aggressive portfolios • Markets change and what works changes • Every strategy works until it doesn’t • A possible solution to Black Swans

28. Account Size $5,000 and higher Dynamic Fund Profiles - Includes: Patent pending software from Morningstar/Ibbotson; 5 suitability- based portfolios exclusively uses the Evolution Managed Funds for maximum fee reduction; and invests in ETF’s, stock baskets and funds. With 75 bps fund credit that lowers the client fee to just 1.25% and you still make 1.0% (Small Accounts are capped at a 2% annual fee before credits $25,000 and higher a. Optimizer - Create Your Own Portfolio of Strategies. The Flexible Plan Illustration Generator allows you to optimize the portfolio of 5 to 8 actively managed strategies. b. Multi-Strategy Portfolios Custodied at Charles Schwab & Co., Inc. (“Schwab”) – Blended portfolios utilizing 5-10 strategies chosen from a universe of dozens of actively managed strategies; five suitability profiles; traded daily* $100,000 and higher Strategic Allocation Service (SAS)- designed for our Premier Accounts -Flexible Plan selects the strategies suitable for the risk profile and investment time horizon, monitors their performance, and reselects and reallocates as necessary to meet the OnTarget goals Based on Investable Assets Three Routes to a Strategic Diversification Solution * The available Evolution Funds are: All-Cap Equity, Alternative Investments, Market Leaders and Managed Bond available through Direxion Funds @ direxionfunds.com These materials have been independently produced by Flexible Plan Investments, Ltd. Flexible Plan Investments is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates. Schwab is a registered broker-dealer and member SIPC. Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them. Flexible Plan Investments provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.

29. Each portfolio holds up to 10 actively managed strategies. Portfolios are fully discretionary, quantitative, non-subjective and ACTIVE. Designed to deliver “DEFENSE” in falling markets and “OFFENSE” in rising markets. Independent Custodian is Trust Company of America (TCA). SAS Selects From Over 70 Actively Managed Proprietary Strategies

30. How are the Strategies That Make Up a SAS Profile Chosen Each Quarter? Source: Flexible Plan HYPOTHETICAL Research Report. Returns shown are after 2% management fee. An establishment fee of 1.2% has been deducted at inception. A SAS portfolio is drawn from scores of active strategies to create what FPI believes is the best combination for your client’s risk profile.

31. Global Maturities Lifetime Evolution Lifetime Evolution - 100% EMF Managed Income Managed Income Aggressive Market Leaders Strategic SAS Profiles Utilize a Blend of Strategies Current* profile portfolios are using: • Market Leaders Strategic • Market Leaders Strategic - 100% EMF • Next Generation Asset Allocation • Select Alternatives • Select Alternatives - 100% EMF • Self-Adjusting Trend Following • Systematic Long/Short Bond Trading *Third Quarter, 2011

32. Multi-Strategy Portfolios Utilize a Blend of Strategies • Limited Time Non-PCRA Bonus! • Bring new assets or transfer new assets to FPI actively managed strategies at our new custodian (PCRA accounts not eligible) before October 31, 2011. • We will permanently reduce our portion of the fees by 20 bps on the first $500,000 of your client's assets. • We make it easy for clients who select Flexible Plan's active management strategies at our new custodian. Current* profile portfolios are using: • Strategic High-Yield Bond • Self-Adjusting Trend Following • Bear Necessities • Managed Income Aggressive • Best Tech • Third Day Tactical Blend Balanced • Market Leaders Strategic / 100% EMF with Alternative • Volatility-Adjusted NASDAQ • Systematic Long/Short Bond Trading • Market Leaders Strategic Managed • Evolution Alternative Investment Fund Offer expires October 31, 2011 *Third Quarter, 2011

33. Each of the over 70 different strategies available for SAS is actively managed, follows a rules-based discipline, and has its own set of offensive and defensive tools: Rotating toward strength and avoiding weak assets Stop loss limits Tactical market indicators Bonds, stock and alternatives diversification Hedging against increased volatility Shifting to cash or inverse funds during market meltdowns Strategic diversification SAS Portfolios are Designed to Deliver “Defensive” and “Offensive” Strategies

34. Manage client expectations with OnTarget Investing Easily illustrate strategy performance through Flexible Plan’s Research Reports Professionally designed marketing materials Excellent, friendly client service center Advisor Tools & Resources

35. OnTarget Investing The Quarterly OnTarget Report provides multiple sources of discussion with clients. Each illustrated tool demonstrates that the client’s portfolio remains OnTarget: Volatility Barometer Risk Target OnTarget Monitor • Defines what successful investing means to your client • Monitors the client’s investment target • Sets and sustains client expectations

36. 3 Easy Ways to Illustrate to Clients Source: Flexible Plan Research Reports, 1/1998-6/2011 and 1/1998-8/2011 Hypothetical Research Reports. Returns shown after fees. Disclosure Page is an integral part of this presentation.

37. Third Day Strategies Flyer • Brochures available upon request. • Contact our Internal Sales Department • 800-347-3539 ext. 2 or sales@flexibleplan.com

38. Doing Business is Easy You fax us: A recent client statement A one-page client suitability questionnaire We will send you: A personalized client proposal Appropriate Research Report

39. ACT NOW! To help you get started, we’ll give you this presentation PLUS 10 brochures and a research report absolutely FREE! Contact darcy@flexibleplan.comto receive yours today!

40. Disclosures Flexible Plan Investments does not render or offer to render personalized tax, legal or accounting advice. Do not act or refrain from acting on the basis of any content included herein without seeking the appropriate financial or other professional advice. Investments in mutual funds are subject to market risk, including the potential loss of principal invested. Rafferty Asset Management, LLC serves as the Evolution Managed Funds' Investment Adviser and Flexible Plan Investments, Ltd., serves as the Funds' sub-adviser. Read the Funds’ Prospectus and Flexible Plan Investments' Brochure Form ADV Part 2A carefully before investing. You should carefully consider the investment objectives, risks and the charges and expenses of the Funds before investing. The Funds' SAI and Prospectus contain information regarding the above considerations and more. You may obtain both, as well as current month-end Fund performance information, at http://www.direxionfunds.com/evolution; by calling Direxion Funds at (800) 851-0511; or writing Evolution Managed Funds, P.O. Box 1993, Milwaukee, WI 53201-1993. Fund investment return and principal value will fluctuate; an investor's account may be worth more or less than its original cost; and is subject to a number of risks that could affect its value. Investments in mutual funds are subject to market risk, including the potential loss of principal invested. Investing in the Funds may be more volatile than investing in broadly diversified funds. Current performance may be lower or higher than the performance quoted. Returns and portfolio values are provided for information purposes only and should not be used or construed as an indicator of future performance, an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Flexible Plan Investments, Ltd. cannot guarantee the suitability or potential value of any particular investment. The performance results depicted have been produced by application of selected mathematical calculation criteria to historical price data. Annual returns are compounded weekly and are inclusive of the last full trading week of the year, but may not necessarily include the last trading day of the year. Research Report results are NOT represented as actual trading or client experience nor do they reflect the impact on decision making of economic or market factors experienced during actual management of funds. Performance between selected dates may be misleading as indicative of overall performance of a strategy since the dates, chosen by the operator of the program are susceptible of having been selected to present optimum performance. The maximum investment advisory fee is 2.6% yearly, dependent upon assets under management and is deducted quarterly. Expenses of the funds or sub-accounts are included to the extent they are reflected in the NAV. Other fees may apply. Sub-accounts of variable annuities, in addition to the expenses of a mutual fund, have mortality, administrative and other charges. All expenses are required to be disclosed in each investment's prospectus available from your financial representative and the product provider. Distributions have been reinvested. When provided, dividends are reinvested for indexes. In those cases where indexes do not provide dividend information, those returns would be understated. As individual tax rates vary, taxes have not been considered. Various minimum-holding periods for each fund or sub-account may be utilized to comply with trading restrictions. Advisor reserves the right to change these periods. No index is directly tradable. Actual investment performance of any trading strategy may frequently be materially different than the results shown. Some funds/sub-accounts used in the model may not be available for future use. As supplemental information, a listing of all assumed trades and other data used to generate the referenced results is available upon requests. Inquiry for more current results is advised. Inherent in any investment is the potential for loss as well as the potential for gain. A list of all recommendations made within the immediately preceding year is available upon written request. The performance data quoted on reverse represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; and investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. Inherent in any investment is the potential for loss as well as the potential for gain. A list of all recommendations made within the immediately preceding 12 months is available upon written request.

41. Thanks for attending! Questions?

42. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. For Investment Professionals Only. Get Started Right Away! Contact our Sales Team for a secure password and a personally guided tour of the advisor tools available to you Email: sales@flexibleplan.com Phone: 800-347-3539 ext 2 or 248-642-6640 (Metro Detroit)