BWFA REACHES MILESTONE And Promises Fee Reduction

We expect BWFA to reach $100 million in managed assets by the time you read this early in April. This marks the first milestone we set for the company when we consolidated our operations back in September 1996.

We want to thank all our clients and friends for helping us get to where we are; but we especially want to thank those of you who helped us by referring your friends and families to BWFA. As many of you know, we have chosen not to spend our resources on advertising, marketing and sales like larger companies, and our growth and success therefore depends on referrals from our clients.

Why is this milestone important to our clients? It’s important because growth in our investment management services enables us to provide better services and reduce the fees our clients pay. And we are committed to doing exactly this. In coming weeks, we will be announcing some significant improvements in our firm, including a fee reduction for our clients. So stay tuned.

As we move forward toward our next important goal of $200 million, we remain committed to providing all our clients with the absolute best in investment management, retirement and estate planning and tax services, at costs which are well below what most investors pay. We will retain our independence, which is so essential in enabling us to avoid the conflicts of interest and the hidden, excessive fees that impede the success of most investors.

At our last Client Board Meeting on February 18, one of our clients observed that if each client could refer just one good prospect to BWFA, we could reach our goal of $200 million this year. So, if you know anyone who is contemplating retirement or whose situation has changed through divorce or becoming widowed, we would appreciate your referring them to BWFA.