c
  

 

ñ
 


ñ

 

  


March 1, 2009

Mr. Bob Smith

Financial Advisor
Happy Funds
123 Stuart Street
Boston, MA 02123

Dear Mr. Smith:

In an attempt to remain a highly competitive organization, we have decided

to re-structure our business plan. An in-depth fiscal analysis revealed that a
movement away from large volume funds/small account balances to low
volume funds/higher account balances is the safest and most logical way we
can keep our organization successful.

Several options were considered in an attempt to continue serving our entire

current client list. However, the adoption of a different business model will
keep administrative costs low, thus allowing capital to be concentrated in
other areas. Finanettiǯs has decided to move forward by re-structuring based
on the accounts minimum balance.

The restructuring will change the minimum account balance to $2,500.00.

We understand this will bring change to your business and are certain that
the proper information will provide assistance. In order to facilitate the
change smoothly there will be a 6-month phase-out period, during which
accounts under $2,500.00 will be charged a small fee of $100.00. This allows
time to contact and advise clients who do not meet the minimum balance
before the funds are liquated on June 1.

The customer service department (617-373-8272) is available to guide you

through our transition phase. We appreciate the business you have done
with us and hope to continue serving you throughout this process.

Regards,
Phillip Filanetti