Message: ~CO, Casriel (EFTA00236349)

Message From: Casriel, Lyle [- Sent: 9/26/2014 1:45:01 PM To: G Maxwell [GMax1@ellmax.comj CC: Klein, Matthew I I ]; Stackman, Scott Subject: ~CO Attachments: oef-strategic-income-opportunities-fund-fact-sheet 6.30.14.pdf ; Ramdeen, Vijai I I; Shkreli, Juliana Ghislaine, J; Waldron, Chelsey Devon Hope you are well. This morning it was announced that Bill Gross is leaving Pimco for Janus as of next Monday. You have a position in the Pimco Unconstrained Bond fund managed by Bill with a value of 163k and an unrealized loss of 3k. We don't have much Pimco exposure left for our clients as we began exiting earlier this year when the infighting at Pimco began. At this time, however, we are recommending our client exit any remaining Pimco funds under the premise that it's better to be out first than last. A similar fund that we do like and have been using for years is the Strategic Income Opportunity Fund run by Rick Reider at Blackrock. With your permission we will sell