Gideon Samuel Bernstein

Leisure Capital Management (LCM) uses diversification to minimize the risk and optimize the potential return of a portfolio. The firm uses multiple asset classes, investment styles, market caps, sectors, and regions to provide diversification. Each portfolio composition is based on each client's investment objectives, risk tolerance, and time horizon. LCM's investments are suitable for clients who want an investment plan that prioritizes: Growth, Income, Interest Rate Protection, Principal Preservation, and/or Inflation Protection.The LCM Mutual Fund portfolio is designed to provide investment exposure to diverse asset classes. Equity fund portfolios are invested in a basket of no-load funds in the mid-cap, small-cap and international arenas. Their core investment philosophy encompasses a mix of growth and value investment styles to ensure balanced returns through market cycles.The LCM Fixed Income portfolio invests in investment grade taxable and tax-free fixed-income securities. LCM actively manages the duration of the portfolio holding to control risk and to ensure the appropriate income or total return is being generated for each portfolio. They invest a portion of the fixed-income allocation into diversified mutual funds to gain exposure to less liquid areas such as high yield bonds. For clients seeking tax-free income, LCM manages California tax free bonds, as well as federal tax free bonds from all states. LCM offers short-term cash portfolios for those who need to access their cash within 2 years.The LCM Core Equity Portfolio seeks to provide clients an opportunity to invest in quality companies with superior earnings growth whose equities are selling at attractive valuations. LCM establishes a buy and sell target on their holdings based on either projected discounted cash flow valuations or multiples of earnings. LCM considers selling a holding if the stock price has reached their price target, if they find another holding they believe can outperform their existing position or if the company does not meet their expectations for financial performance.LCM offers a Special Situations All-Cap strategy, which uses a value investing approach to identify special situations investments and opportunistic trading events. The strategy seeks to achieve a low correlation to a traditional equity portfolio. LCM seeks to invest in companies with misunderstood or under-followed investments that trade at a deep discount to their historical valuations.

ACQUIRE, MANAGE, ADMINISTER, AND EXPEND FUNDS FOR CHARITABLE PURPOSES AND TO SUPPORT OTHER 501(C)(3) ORGANIZATIONS.