EFTA00239166.pdf

Message From: Prost, Brittany Sent: 10/16/2018 1:09:54 PM To: 'Scott Borgerson' CC: GMAX BCC: Subject: RE: ANGARA: Follow up items Scott, Please let me know if Friday, Oct 191h between 11AM — 1PM EST works for the call with our bankers. Thank you! Brittany UBS Brittany Prost Client Service Associate UBS Financial Services Inc. Private Wealth Management Phone: Fax: ■ From: Scott Borgerson [mailto Sent: Tuesday, October 16, 2018 7:48 AM To: Stackman, Scott Cc: Casriel, Lyle; Tomkiewicz, Jessica; Klein, Matthew; Prost, Brittany; GMAX Subject: Re: ANGARA: Follow up items This all sounds great. Confirmed. Thank you. sgb Sent from handheld On Oct 15, 2018, at 22:38, wrote: Scott So sorry I missed you. A client had a sensitive matter I was dealing with. Looking forward to catching up soon Scott L. Stackman Managing Director — Wealth Management Private Wealth Advisor Stackman I Casriel Group Barron's Top 100 Advisors Financial Times Top 400 Financial Advisors CONFIDENTIAL UBSTERRAMAR00003834 EFTA00239166 UBS Private Wealth Management T C F Pkaae be advised that this mmail is not an official hansmi ion confirmation. The official confimsal ion of this transaction will be sent to )i.su situ rcvular mail. From: Casriel, Lyle Sent: Monday, October 15, 2018 9:53 PM To: 'Scott Borgerson' Cc: Stackman, Scott; Tomkiewicz, Jessica; Klein, Matthew; Prost, Brittany Subject: ANGARA: Follow up items Scott, Great to see you and I always enjoy catching up. Sorry I was not fresh on this but I confirmed we sold the Putnam short duration fund earlier this year (1/4/18) in favor of our Prime Money Market funds which are safer, but which yield almost the same amount. Your current Money Market fund is yielding 2.23% vs the Putnam Fund which arguably takes more risk and which is yielding 2.26% (with the fees subsidized by the manager). The unsubsidized yield would be 2.12% - which would be the new yield at any time the manager chose to stop the subsidy. Putnam was a better option when rates were closer to zero, but with the credit cycle extended and the small different in money markets we believe you are better off as we have you today. As discussed we will work to implement the following: • Add 1.5mm to GWK Munis (with a note to add the other 1.5mm on further weakness or at our direction) • We will confirm with GWK their advice on how to construct an MA portfolio (100% MA or - 50% MA "preference") • Add $750 to Graham • Keep you on our Millennium interest list for new capacity and for the longer lock up vehicle. • Continue to be patient for an entry into equities longer term. • Work on retitling for Angara as discussed We will circle back to coordinate a call with our bankers for CargoMetrix. All the best, Lyle & Scott Stackman I Casriel Group Barron's Top 100 Advisors Financial Times Top 400 Financial Advisors UBS Private Wealth Management T CONFIDENTIAL UBSTERRAMAR00003835 EFTA00239167 C F Disclaimer Please visit our 'rebuts at or tmportant duclostees and inflow:anon (dyne nor e-mad policies. For your protection, please do not trauma orders or autrocnons bye-mad or include account numbers. Sand Security numbers. credit card numbers, passwords. or other personal mfarmation. CBS nupanss that any orders sent by entail he verbally confirmed orders sent by ennui done will not be executed The inibrmation contained herein has been obtained from sontves believed to he mliable, we cannot guarantee its accuracy or completeness neither the infarmation nor anyopinion repressed constitutes a solicitation for the purchase or sale of any security. This olormation is being prmIded as a service of your Financial ..ldvssor and &vs not supersede or replace your monthly IBS Financtal Services Inc. customer statement. Please he advised that information pertaining to trades of any securities is !Wan official transaction confirmaium. The official confirmation of any transaction will he cent to pas bast-don your delivery prff ennues. UBS e-Delivery: easy. efficient. ecosmart. Secure. Please visit our website at for important disclosures and information about our e-mail policies. For your protection, please do not transmit orders or instructions by e-mail or include account numbers, Social Security numbers, credit card numbers, passwords, or other personal information. CONFIDENTIAL UBSTERRAMAR00003836 EFTA00239168