Important Risk Notice: Risks accepted include general stock market risk, currency risk, and an additional risk of insolvency of the provider where return of capital may be limited to compensation scheme limits.

Values may fall as well as rise and the investor may not get back the amount initially invested.

We define the risk categories of our investors to help ensure that the investments we agree with you are appropriate for your needs. We will thoroughly review investment risk with you during our risk assessment analysis.

Risk categories are defined in the following way:

Cautious Investor

This category is appropriate where the investor requires high security and is willing to accept significantly limited upside potential. The investments are predominently in cash deposits and fixed interest holdings.

Moderately Cautious Investor

This category is appropriate where the investor requires relatively high security and is willing to accept limited upside potential. The investments are predominently in cash deposits and fixed interest holdings.

Balanced Investor

This category is appropriate where the investor requires some short-term security and is willing to balance this with the upside potential of the portfolio. The holdings are predominently (around 60%) in a broad selection of UK, equity-backed investments.

Moderately Aggressive Investor

This category is appropriate where the investor requires relatively low short-term security and significant upside potential. The holdings are predominently (around 80%) in a broad selection of UK, equity-backed investments.

The Aggressive Investor

This category is appropriate where the investor requires relatively very limited short-term security and high upside potential. The holdings are predominently (around 90%) in a broad selection of UK, equity-backed investments.

Investor Attitude to Risk and Loss

There are many kinds of investment risk:

• Volatility risk
• Liquidity risk
• Income risk
• Capital risk
• Exchange rate risk
• and more

No investment will give you above average returns without the acceptance of above average risk. Above average risk does not guarantee high returns.

Investments may go down in value as well as up. Past performance is not a reliable guide to future performance. The whole sum invested in an equity-based investment may not be recovered.