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OUR COMMITMENT TO YOUWith market ups and downs a part of everyday news, the management of your investments requires a highly disciplined approach guided by a well-defined philosophy. At Comerica, we deliver on key aspects you should demand from an asset management partner.

INTEGRITYWith relationships lasting for generations, we have guided families and institutions while adhering to principled, high ethical standards. Managing your needs is the foundation upon which our advice is based.

EXPERIENCEIn business for over 160 years, we have stood the test of time by helping clients weather ever-changing market climates and avoid unnecessary risk. Through a collaborative process among investment specialists within Comerica Bank and its affiliates, your relationship manager will work with you, along with other Comerica specialists, to assist with meeting your complex financial needs. With billions in trust and investment assets managed and more than 300 wealth management professionals, you can rely on us.

TRANSPARENCYOpenly communicating important and timely information to you is a hallmark of our commitment to keeping you informed. Our experienced investment professionals live and work in the communities in which they serve. We believe this local accessibility and connection between advisor and client is paramount for building successful, long-term relationships.

INVESTMENT PHILOSOPHYManaging risk and helping clients work toward their goals are at the heart of Comerica’s investment philosophy. By following a well-defined process and calling on the skills of colleagues from various specialties, your relationship

manager will listen to your specific needs and objectives, understand your tolerance for risk, and help you build a roadmap toward your specific goals. Through an unbiased, consultative approach, we focus on delivering innovative and sophisticated solutions tailored to you.

PROCESSDetermining your end goal, developing an appropriate asset allocation and constructing the right combination of investment options are only the beginning of our thorough process. Working with you to develop an investment policy and constantly measuring our progress through active oversight keeps us committed to mitigating excessive risk and addressing your needs now and in the future.

TEAMWORKCollaborating with various specialists within the Comerica family allows you and your relationship manager to formulate ideas and solutions to attain your goals. From a wealth planner helping you identify and prioritize your needs, to an investment strategist constructing your portfolio with the right combination of investment choices, your relationship manager leads a team that will constantly work with your goals in mind.

INVESTMENT POLICYWorking with you to develop a customized investment policy ensures that long-term perspective and adherence to your stated goals are applied to investment decisions as they are implemented. We employ well-defined processes and conduct thorough due diligence and analysis that objectively guide key decisions impacting the future investment of your portfolio assets.

If you are a high-net-worth individual investing to meet future goals or an institutional investor or foundation requiring strict adherence to a defined investment policy, your investment management professional will work with you to design and implement investment strategies focusing on risk mitigation and return optimization.

ASSET MANAGEMENT

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ASSET ALLOCATIONThe greatest determining factor of long-term volatility and return is the asset classes represented in your portfolio. By working with you to identify your appropriate asset growth rate, we will provide a research-based analysis detailing the most effective mix of asset types to reach your target return. Through continuous monitoring, we are able to rebalance your portfolio to ensure that proper asset allocation is maintained.

PORTFOLIO CONSTRUCTIONWhether constructing an entire portfolio or performing a completion strategy, we employ a rigorous top-down approach as well as an in-depth bottoms-up analysis of individual securities. We rigorously evaluate asset managers’ security selection processes to understand the moves they make and why they make them. This approach maximizes manager transparency and answers the questions “Has the manager added value?” and “Where is that added value coming from?”. This knowledge results in a portfolio that is designed and managed to:

• Reduce or eliminate undesirable factor risks

• Enhance predictability and consistency of returns

• Drive excess returns

• Produce proper global and asset-class diversification

ACTIVE OVERSIGHTThrough consistent, ongoing review, and analysis, Comerica is able to assure the efficacy of your asset allocation, money manager due diligence, and portfolio construction so that your portfolio is aligned with your investment policy.

PERFORMANCE AND GOAL MEASUREMENT AND REPORTINGA key component of ongoing oversight and analysis is regular reporting of performance versus your specific goals. Our reports are designed to allow you to clearly understand your portfolio results and track how you are performing relative to your goal.

Comerica Wealth Management consists of various divisions and affiliates of Comerica Bank, including Comerica Bank & Trust, National Association; World Asset Management, Inc.; Wilson, Kemp & Associates, Inc.; Comerica Securities, Inc.; and Comerica Insurance Services, Inc. and its affiliated insurance agencies. World Asset Management, Inc., Wilson, Kemp, & Associates, Inc., and Comerica Securities, Inc. are federally registered investment advisors. Registrations do not imply a certain level of skill or training. Comerica Bank and its affiliates do not provide tax or legal advice. Please consult your attorney or tax advisor regarding legal or tax issues.Non deposit Investment products are not insured by the FDIC; are not deposits or other obligations of, or guaranteed by Comerica Bank or any of its affiliates; and are subject to investment risks, including possible loss of the principal invested. Circular 230 Disclaimer:Information and commentary included herein concerning one or more federal tax issues do not constitute an opinion and are not intended or written to be used, and they cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. Comerica Bank and its affiliates do not provide tax or legal advice. MNA03787 7/13