WEALTHSOLUTIONSPORTFOLIOS

NESTOR WSP – www.nestor.co.uk PAGE 3

Contents

Introducing Nestor Wealth Solutions . . . . . . . . . . . . . . . . . . . . . . . . . .04

Nestor Wealth Solutions Portfolios (Nestor WSP) . . . . . . . . . . . . . . . .05

How your portfolios will be managed . . . . . . . . . . . . . . . . . . . . . . . . .06

Which portfolio is right for you? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11

How much does it cost? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12

What are the risks? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13

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Nestor Wealth Solutions is a unique investment proposition that offers the following benefits:

• A range of investment solutions designed to meet your investmentobjectives and risk requirements.

• Each solution provides you with active management and diversificationacross different asset classes and markets.

• You have access to the skills of carefully selected investment managers.

• An experienced investment committee select and review these investmentsolutions and managers on your behalf.

• We provide you with regular and relevant communications aboutyour investments.

• We negotiate clear and competitive fees on your behalf.

Introducing Nestor Wealth Solutions

Nestor Wealth Solutions

Nestor Investment Committee

Investment Solutions

Risk Assessment

Select

Advisory Portfolios

Monitor

Risk Graded Multi Asset Funds

Review

Model Portfolios

Report

Discretionary Bespoke Portfolios

Defensive Cautious Balanced Capital Growth Aggressive

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Nestor Wealth Solutions PortfoliosThe Nestor Wealth Solutions Portfolios (Nestor WSP) is a range of discretionary model portfolios that are actively managed on your behalf. Each portfolio is diversified, offering you exposure to a wide range of different asset classes which may include equities, fixed interest, property, commodities and cash.

The key features are:

An actively managed multi asset approach

A choice of portfolios designed to meet your risk requirements

Clear and competitive fees

First class administration

Regular communication regarding your portfolio

Liontrust Investment Solutions Limited

Introducing your portfolio manager

Nestor Wealth Solutions is managed by John Husselbee and Paul Kim of Liontrust InvestmentSolutions Limited.

John Husselbee is one of the most highly regarded practitioners of multi-asset, multi-manager investing in the UK retail market. John was previously the Director of Multi Manager Investment at Henderson Global Investors, where he was responsible for portfolio construction and fund selection for a complete range of multi-manager mutual fund portfolios and products totalling over £650 million. John has 23 years of experience in running multi-manager portfolios. He joined Henderson in 1996 from Rothschild Asset Management where he was responsible for the launch and on-going management of their portfolio management service. John is a highly respected commentator within the UK mutual fund industry and sits on the selection committee for the prestigious Investment Week Fund Manager of the Year Awards.

Paul Kim has managed discretionary portfolios and multi-manager funds for more than 30 years. Paul was instrumental in setting up Investment Manager Selection Ltd (IMS) with Richard Timberlake and Peter O’Connor in 1999 and the subsequent growth of the business. In 2008, IMS was bought by BNP Paribas and re-named Fundquest, with Paul being responsible for the management of “IMS” funds and client funds, including three for Aviva Investors. In March 2011, Paul was appointed Head of Fund Selection and Multi-Manager at Liverpool Victoria Asset Management (LVAM), leaving LVAM in November 2011 when the business was sold. Paul has also managed discretionary portfolios and services at Capel Cure Myers, Sun Life Portfolio Counselling Services (AXA Sun Life), Christie Group Investment Management and Spencer Thornton Investment Management Services.

Liontrust Investment Solutions is a wholly owned subsidiary of Liontrust Asset Management Plc. Liontrust Asset Management, which was founded in 1994, is an independent fund management group whose shares are quoted on the London Stock Exchange. Liontrust manages UK, European, Asian and Global equities, Global credit and Multi-Asset.

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How your portfolios will be managedRisk is our starting point

We recognise that equities and similar investments generate the strongest returns over the longer term - but they can also be volatile with significant rises and falls, particularly in the short term. Because clients have a different view of what level of volatility they are comfortable experiencing our starting point, when managing your portfolio(s), is to consider what level of volatility (or risk) you are prepared to take with your investment.

Diversification is important

Diversification is key to the successful management of your investment portfolio. By using different asset classes which act and behave in different ways from each other in different market environments, we will not only manage your portfolio for the level of risk you are comfortable with but we aim to enhance your investment returns. From the table below you can see a range of asset classes and how they have performed very differently in the last 10 years. The danger of putting all of your eggs in one basket is that you could risk lower returns and may experience a higher level of volatility than you initially intended.

Bonds

Property

Commodities

Hedge Funds

Equities

Multi Asset Portfolio

100

300

19 Oct 1987Black Monday

16 Sept 1992Black Wednesday

10 March 2000Dot-Com Bubble

Sept 2008Sub Prime Financial Crisis

April 2010European Sovereign Debt Crisis

11 Sept 2001Sept 11 Attacks

500

700

900

-100

1985 1988 1991 1994 1997 2000 2003 2006 2009 2012

2 July 1997Asian Financial Crisis

Source: Liontrust Investment Solutions Limited/Lipper. This chart is for illustrative purposes only

Perc

enta

ge

Gro

wth

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The benefits of discretionary management

There are two key ways to maximise the performance of your portfolio. The first is to ensure you have the right exposure to different asset classes and stockmarkets. The second is to select the right investment funds and vehicles to provide you with that exposure. The ability to make decisions quickly can be extremely valuable, particularly in volatile market conditions such as those experienced in recent years.

Management with discretionary powers means day-to-day investment decisions are made on your behalf without the need for consultation. This allows the Investment Manager to react quickly to any changes in markets and alter your investments accordingly.

Our investment approach

Having understood your attitude to risk, our approach is to try and maximise the potential investment returns for your investment compatible with the level of volatility (or risk) you are prepared to take. Each one of our portfolios has a target level of volatility and volatility parameters to provide the most appropriate portfolio to meet your needs. For our risk rated portfolios we do this in the following three ways:

Strategic Asset Allocation

By combining different asset classes with varying risk and return characteristics, we create efficient portfolios with the highest potential return expectation for any risk profile. This approach tries to capture most of the upside from longer-term investing while limiting exposure to the downside. The table below shows the strategic asset allocation of our fixed models.

Note: The portfolios shown above are for illustrative purposes only and may be subject to change.

0

20

40

60

80

100

Defensive Cautious Balanced Capital Growth Aggressive Cash%

Commodities

Absolute Return

Property

Equity

Fixed Income

Cash

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Tactical Asset Allocation

We make short to medium-term changes to portfolios to reflect our current market views and economic outlook. The intention is not to change the portfolio’s longer-term risk and return profile but to help enhance returns or reduce losses in the short to medium-term.

Fund Selection

For the majority of client portfolios we have built a process that aims to identify active fund managers with the ability to deliver long-term out-performance of their relevant benchmark. We also offer a range of low cost portfolios, which still use our strategic and tactical asset allocation research but replace the active managers primarily with index based investments. These will have lower overall fees than a portfolio of active managers and seek returns that are in line with a benchmark, rather than outperform, in different regions or asset classes.

Achieving returns for the right level of risk

The table and chart on the following page provide back-tested data over a 20 year period to 31 December 2012. They illustrate the back-tested annualised returns for each of the six Strategic Asset Allocation models. They also provide the targeted annualised volatility and the maximum and minimum annual returns.

As mentioned earlier, knowing an investment’s volatility can help you compare the behaviour of one portfolio to another but it does not help you establish how you feel about your investment. A better measure may be to look at potential losses. The table on the following page provides the maximum loss in one year for each of our six Strategic Asset Allocation models over the 20 year period. It also provides the maximum gain in any one year over the same period. Your attitude to loss will help you and your Adviser identify the level of risk with which you are comfortable. If you have a high aversion to loss, a Strategic Asset Allocation model that is less likely to suffer when market conditions are poor may prove the most appropriate for you.

The Strategic Asset Allocation models are dynamic, so they are reviewed quarterly and adjusted where necessary to ensure your portfolio remains within its agreed volatility range.

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STRATEGY

CASH Defensive Cautious BalancedCapital Growth Aggressive

Back-tested Average Historic Returns* 4.8% 6.8% 9.3% 9.7% 10.6% 10.8%

Targeted Volatility n/a 5.0% 9.0% 15.0% 19.0% 21.0%

Minimum Back-tested Annual Return* 0.7% -2.8% -10.4% -19.6% -22.0% -24.5%

Maximum Back-tested Annual Return* 7.7% 21.0% 38.9% 47.6% 56.0% 69.5%

These figures are for illustrative purposes only

Source: Lipper, Liontrust Investment Solutions Limited

* Expected returns are based on back testing the strategies utilising 20 year annual data without any tactical asset allocation applied. Actual returns are likely to differ.

Back-tested historic results

While past performance is no guide to future returns it can be useful to see how our Strategic Asset Allocation models would have performed.

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An

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Back-tested Annualised Volatility

Source: Liontrust Investment Solutions Limited, Lipper/Hindsight (Total return Sterling) Max Mean Min

Cash Defensive Cautious Balanced Capital Growth Aggressive

0% 5.0% 9.0% 15.0% 19.0% 21.0%

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Important information

Liontrust Investment Solutions Limited (LIS), which is 100% owned by Liontrust Asset Management, is authorised and regulated by the Financial Conduct Authority. This document contains information intended only for the person to whom it is addressed or presented, and is intended for evaluation purposes only, with no licence to use the content or materials within. In receiving this document, the recipient acknowledges and agrees that: i) in the event the recipient does not wish to pursue this matter, this presentation will be returned as soon as possible; ii) the recipient will not copy, fax, reproduce, divulge or distribute this confidential presentation, in whole or in part, without the express written consent of LIS; iii) all of the information herein will be treated as confidential material with no less care than that afforded to the addressee’s own confidential material of the most sensitive nature; iv) information herein may constitute material non-public information, disclosure of which may be prohibited by law, and the legal responsibility for its use is borne solely by the recipient. This presentation in no way constitutes an offer to sell, nor a solicitation to purchase securities in any company or investment product.

Nothing contained within this document constitutes investment, legal, tax or any other advice. It should not be relied upon when making an investment or other decision. Any performance shown represents model portfolios which are periodically restructured and/or rebalanced. Although the model portfolios are applied to a client’s account, the actual returns may vary from the model returns shown. In addition, portfolio performance is quoted net of cost of investment but gross of fees – i.e. the TER of the underlying portfolio investments is taken into account but the Investment Management Fee is not so client returns will differ from the returns shown. Returns do not take account of platform, product provider or Adviser fees. Any figures shown have not been externally audited. All figures in this document are sourced from Lipper and are total return in sterling.

The value of investments and any income may go down as well as up and will depend on the fluctuations of investments and financial markets outside of the control of LIS. As a result a client may not get back the amount originally invested. Past performance is not indicative of future performance and any reference to a security is not a recommendation to buy or sell that security.

Issued by Liontrust Investment Solutions Limited.

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STRATEGY

Risk Graded Investment Strategies CASH Defensive Cautious Balanced

Capital Growth Aggressive

Target Volatility % n/a 5% 9% 15% 19% 21%

Volatility Parameters +/- % n/a +/–2% +/–2% +/–3% +/–4% +/–4%

Nestor WSP Growth 3 3 3 3 3

Nestor WSP Income 3 3

Nestor WSPActive Index 3 3 3 3 3

Nestor WSPAbsolute Return* 3

Nestor WSP Cash 3

The Nestor WSP fall into the following categories:

Growth Portfolios are designed to deliver long-term capital growth.

Income Portfolios are designed to deliver an attractive and rising level of income in addition to some long-term capital growth.

Active Index Portfolios are designed to deliver long-term capital growth, at a competitive price, by focussing on and investing in low cost strategies.

Absolute Return Portfolio is designed to achieve positive returns across a variety of different market conditions.

Cash Portfolio is designed to deliver a reasonable return on your cash investments but with an emphasis on capital protection.

* Nestor WSP Absolute Return does not target volatility, the portfolio aims to deliver an absolute return.

However, the expected volatility of the Absolute Return portfolio will never exceed the stated range of 5% + / -2%.

Which portfolio is right for you?

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How much does it cost?Nestor WSP aim to keep costs to a minimum, to ensure that you pay competitive fees and charges. These will be clearly explained in the Key Features document which will be included in your Investment Report. This ensures that you understand the services provided for the fees and charges that you are paying.

Nestor WSP charges

ACTIVE INDEX PORTFOLIOS

GROWTH PORTFOLIOS, INCOME PORTFOLIOS,

ABSOLUTE RETURN PORTFOLIO

Discretionary Management Charge including VAT 0.50% 0.56%

Cost of underlying investments 0.27%* 0.77%*

Total investment cost 0.77% 1.33%

*Average cost of underlying investments in the portfolio as at 31 March 2013.

Underlying investment charges

The underlying funds and vehicles within the Nestor WSP carry Annual Management Charges. The Investment Manager, as an institutional investor, will often be able to invest in funds on terms better than those available to retail investors. We have illustrated the average cost of these underlying investments in the table above.

Adviser fees

You will agree separately your Adviser fees which you will need to confirm on the application form. If you agree to pay your Adviser an initial and/or an annual fee, it will be deducted from your portfolio.

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As with all investments, there are risks and for further information on the risks associated with the Nestor WSP you should speak to your Adviser and refer to the product and tax wrapper Key Features and Terms and Conditions provided with this brochure. We cannot guarantee the level of capital growth or income that will be generated when you invest in a Nestor WSP.

However, the Nestor WSP have been designed to reflect different levels of risk. The Investment Manager will actively manage the portfolios to ensure they continue to meet the risk/reward objectives, ensuring you are not exposed to a higher level of investment risk than expected. The amount of risk you are prepared to accept, i.e. the portfolio you choose to invest in, will determine the level of expected returns.

The value of investments and income derived may go down as well as up and you may not get back the full amount invested. Any investment you make should be considered medium to long-term. Your Adviser will help you determine a suitable time frame for your investment. This will be driven by your financial goals and your attitude to risk.

What are the risks?

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• This document is issued by Liontrust Investment Solutions Limited and is intended to be used for marketing purposes only and does not aim to provide advice.

• You should remember that past performance is not a guide to future performance. Theportfolios’ investments are subject to normal fluctuations and other risks inherent wheninvesting in securities.

• There can be no assurance that any appreciation in the value of units will occur.

• The value of investments and any income derived from them may fall as well as riseand investors may not get back the original amount they invested.

• There is no certainty that the investment objectives of the portfolios will actuallybe achieved and no warranty or representation is given to this effect.

• The portfolios therefore should be considered as medium to long-term investments.

• Nestor Wealth Solutions Portfolios (Nestor WSP) is the marketing name for the product. Nestor is a trading style of Nestor Financial Group Limited which is authorised andregulated by the Financial Conduct Authority FRN. 592783.

• Liontrust Investment Solutions Limited is authorised and regulated by the Financial Conduct Authority FRN. 5515724.

Important

information

Liotrust Investment Solutions Limited is authorised and regulated by the Financial Conduct Authority. Liotrust Investment Solutions Limited is registered in England and Wales under company number 5515724. Registered office: 2 Savoy Court London WC2R 0EZ