EFTA00239603.pdf

Message From: Sent: To: CC: G Max Igmaxl@ellmax:comI 4/30/2019 10:18:59 PM Subject: (External] Re: MAXWELL: IRA Suggestion Great I confirm From: " < Date: Tuesday, April 30, 2019 at 6:18 PM To: GMAX <gmaxl@ellmax.com> Cc: Scott Borgerson < >, .1M I>, Scott Stackman < Subject: RE: MAXWELL: IRA Suggestion Thank you. Nothing needed except your confirm. All the best, Lyle Lyle Casricl Senior Vice President — Investments Private Wealth Advisor I Portfolio Manager UBS Private Wealth Management T From: G Max [mailto:gmaxl@ellmax.com] Sent: Tuesday, April 30, 2019 6:17 PM To: Casriel, Lyle Cc: ; Klein, Matthew; McNamara, Sean; Tomkiewicz, Jessica; Stackman, Scott Subject: [External] Re: MAXWELL: IRA Suggestion I agree! Thank you Let me know if you need any paper work signed Best G From: " Date: Tuesday, April 30, 2019 at 6:05 PM To: GMAX <gmaxl@ellmax.com> Cc: Scott Borgerson < >1 0 < >, Scott Stackman < Subject: MAXWELL: IRA Suggestion " < >, CONFIDENTIAL UBSTERRAMAR00004320 EFTA00239603 Ghislaine, Hope you are well! We wanted to reach out and make a suggestion for your IRA. Your IRA is invested across three fixed income mutual funds. Given the shape of the yield curve (inverted from the front end) and the higher current return on money market funds, we would suggest liquidating the three mutual funds, and simply buying the Prime Money Market Fund yielding 2.48% (SPPXX). Given that this is IRA money, at some point it should likely be swapped into equities, but we don't see much value in holding these funds longer given the changes the structure of interest rates. Total Account Value: $58,862. Blended current yield on these funds is 2.70%, however this account carries a 75 bps fee, so you will be better off in cash at this time. Holdings: • Doubleline Total Return Fund: 19,186 • JP Morgan Short Duration Bond Fund: 19,871 • Putnam Short Duration Fund: 18,716 Please let us know if you want to discuss and/or if you agree. Stockman I Casricl Group Barton's Top 50 Private Wealth Management Teams Barron's Top WO Advisors Financial Times Top 400 Financial Advisors Forbes Best-In-Suite Wealth Advisors UBS Private Wealth Management 1285 Avenue of the Americas, 38th Floor New York. NY. 10019 I: htto://financialscrvicesinc.ubs.comfteam/stackmancasricV Disclaimer Please men our "trite at 44410financtolumcainc.ubs.com width E-maildarlatmer.hend for important dodo:tines and information about oar e-mail polte to. For your promote" pleare do not "maul orders or instructions bye-mad or include 0000441 numbers. Social Security 'numbers. credit card numbers, passwordr. or other personal IFIP440404. UBS requires that anyorders rent l email be verbally confirmed ceders sent by email alone will not be executed The 4i:ruin:ion contained herein fuss been obtained from roomer believed to be reliable, we cannot guarantee 101 accuracyor completeness neither the infirrmation nor any opinion expressed constitutes a SOlICSInf ton for the purchase or sale of any seaway. This 004110404 is being provided as a service of jars Financial Advisor and does not supersede or replace your monthly LBS Financial Services Inc. customer statement. Please be mimed that information proemsg ro trate of any sm.-urines a not an official transaction confirmation. The official confirmation of any transaction will be sent to you based on rue deb eery preferences. UBS e-Delivery: easy. efficient. ecosmart. Secure. CONFIDENTIAL UBSTERRAMAR00004321 EFTA00239604