WHAT’S NEW? WHY CLIENTS CHOOSE GREYCOURT Greycourt Releases White Paper No. 52: The End of History (Again): Why We May Be Living in a Permanent Financial Crisis Greycourt Organizational Changes Matthew Litwin named Managing Director, Head of Manager Research Implications of a US Debt Downgrade Greycourt's View on the Municipal Bond Markets Kristi Combs Joins Greycourt Gregory Curtis Presented at the Opal Financial Group's Investment Consultants Forum on March 7th in New York Gregory Friedman Presented at the 2011 IPI Winter Forum in San Francisco on February 16th Jim Foster Spoke at the Fall 2010 Private Wealth Management Summit on December 2nd in Las Vegas Gregory Curtis Presented at the 2010 Family Office Exchange Workshop on November 11th in Chicago Greycourt Releases White Paper No. 49: The Outsourced CIO Model Monthly Flash Report (January 31, 2012) More News Incorporated in 1988, Greycourt is an independent and objective investment advisory firm advising wealthy families and select endowments in the US and internationally. Thinking and acting like investors rather than consultants Deeply experienced research and advisor teams Intellectual leadership in the industry Strong management team Unwavering focus on the client Unbiased and objective investment advice Three generations of colleagues to foster continuity for clients

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