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The proposal. CovingtonAlsina began by showing manually how to improve after-tax return using asset location. Then, using SEI LifeYield Asset Location, CovingtonAlsina was able to benchmark the tax efficiency of the couple's portfolio and further optimize asset location. Current tax efficiency With SEI LifeYield Asset Location Total projected improvement in after-tax return 55 7.22% $28,728,175 Asset location score* Projected after-tax return 10-year balance 83 7.43% $29,290,516 +28 +0.21 +$562,341** *Asset location score is SEI LifeYield's proprietary benchmarking system for scoring the tax efficiency of a household portfolio. **Difference in projected 10-year balance vs. "worst case" of no change in location. Tax rates for this couple were 35% ordinary income and 15% capital gains. Results will vary as the amount of federal income tax paid depends on both an investor's tax bracket and how long investments are held. Past performance does not guarantee future results. The results. The firm's approach reduced the couple's overall costs (at least $30,000 in the first year) while providing what they had previously lacked—comprehensive financial planning and tax optimization. CovingtonAlsina also suggested ways to meet the couple's desired goals for mitigating investment risk, gifting to family members, and charitable giving. With that, CovingtonAlsina won the couple's trust and their business. About SEI LifeYield. SEI LifeYield is the industry leader in multi-account, tax-smart technology, helping financial advisors distinguish themselves and enhancing their ability to meet clients' growing needs. Learn more about using asset location and other tax and income optimization strategies to improve financial planning and long- term outcomes at lifeyield.com. Services provided by SEI LifeYield, LLC, a subsidiary of SEI Investments Company (SEI). Neither SEI nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor. Charts are for illustrative purposes only. Intended for financial intermediary use. This case illustrates a situation advisors commonly encounter with prospective clients considering a transition. Each client's situation and results will vary, in some cases significantly.

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