Synovus Investment Advisors, Inc. ORGANIZATION OVERVIEW Investment products and services provided by Synovus are offered through Synovus Investment Advisors, Inc., Synovus Securities, Inc., Synovus Trust Company, N.A. and Synovus Insurance Services. The registered broker dealer offering brokerage products for Synovus is Synovus Securities, Inc., a member firm of NASD/SIPC. Investment products and services are not FDIC insured, are not deposits of or obligations of any Synovus Financial Corp. (SFC) bank, and are not guaranteed by any SFC bank, and involve investment risk, including possible loss of principal amount invested. There are risks involved in investing in mutual funds, including loss of principal. This report has been prepared from sources and data believed to be reliable but is not guaranteed to or by Synovus Investment Advisors, Inc. Past performance is not a guarantee of future results. Page 1 of 8
Organizational Overview Synovus Financial Corp Financial Strength - Depth of Resources $26 billion global financial services company listed on the New York Stock Exchange (SNV) and a component of the Standard & Poor s 500 Index Provider of banking, mortgage, insurance, leasing and financial management services through 40 affiliate banks in Alabama, Georgia, Florida, South Carolina, and Tennessee Majority owner of TSYS (NYSE: TSS), the world s second largest payment processing system Member of FORTUNE magazine s The 100 Best Companies To Work For eight years in a row. Consistently ranked as one of Georgia s top performing public companies. Consistently ranked among the nations best performing banks. Page 2 of 8
Investment Management Styles and Services Styles Intermediate-Term Bond Taxable Tax-Free* Large Cap Core Equity Balanced Account Management Equity Income Services Separate Account Management Asset Allocation Products Option Writing Strategies Short-Term Trading Program Mutual Funds Page 3 of 8 Federal income tax rules will apply to any capital gains distributions. *While income is exempt from federal income tax, state and local taxes still apply.
A Disciplined Approach Create investment portfolios based on a thorough understanding of clients needs, goals and tolerance for risk Review our clients individual needs and market conditions to ensure the asset mix remains appropriate Actively manage assets and formally monitor investment performance relative to market benchmarks Page 4 of 8
Investment Professionals Megan Busby, CFA, CFP is Chief Investment Officer and a Senior Portfolio Manager with seventeen years investment experience. She holds an undergraduate degree from the Georgia Institute of Technology, an MBA from Georgia State University, a Certified Financial Planner designation, and in 1990, earned the right to use the Chartered Financial Analyst designation. Megan joined Synovus in 1987 and serves as chair of the Fixed Income Committee. Dan Davidson, CFP is a Vice President and Senior Portfolio Manager with over sixteen years of portfolio management experience. He is the chair of the Asset Allocation Committee. Dan graduated with a BS degree in Accounting from Auburn University and an MBA in Finance from the University of Alabama. He is also a graduate of the Cannon Financial Institute and holds a Certified Financial Planner designation. Dan joined Synovus in 1999. Greg Day, CFA is a Vice President and Senior Portfolio Manager with twelve years investment management experience. He graduated cum laude from the University of Kentucky with a BBA in Finance and earned the right to use the Chartered Financial Analyst designation. Greg is a Registered Representative and Licensed Insurance Agent of Synovus Securities, Inc. and serves as a member of the Equity Research Committee. Zachary Farmer is an Assistant Vice President and Portfolio Manager who has been with Synovus since 1997. He graduated from Auburn University with a BS degree in Finance. Zach is responsible for alternative investment strategies, including option writing programs and short-term trading strategies. Page 5 of 8
Investment Professionals John Gross, CFA is a Vice-President and Senior Portfolio Manager with over twenty three years of investment management experience. John chairs the Equity Research Committee. He graduated from the University of Missouri with a BA, the University of Nebraska with a MA, and the University of West Florida with a MBA in Finance. John has earned the right to use the Chartered Financial Analyst designation and has been with Synovus since 2000. Eric Kruger is a Portfolio Manager who began work for Synovus in 2004. Eric is a member of the Equity Research Committee. He holds a bachelors degree and MBA from Florida State University, and is a candidate in the CFA program. Eric has worked in investment management for eleven years. Nathan Love is a Portfolio Manager who has worked for Synovus since 1998 and serves as a member of the Fixed Income Committee. He earned a BS degree at the Citadel, the Military College of South Carolina. Nathan also earned an MBA from Winthrop University. Randall Merchant is a Vice President & Senior Portfolio Manager with over twenty years of investment management experience. He graduated from the University of Georgia and the Cannon Financial Institute. His career with Synovus began in 1993. Charles Moore is a Senior Vice President and Chief Investment Advisor. Charles joined Synovus in 2001 with over seventeen years of investment experience. He graduated from Creighton University with a BSBA in Finance and then attended the New York Institute of Finance. He serves on the Investment Policy Committee for Synovus Trust Company, N.A. and is a Registered Representative of Synovus Securities, Inc. Page 6 of 8
Investment Professionals Daniel Morgan is a Senior Portfolio Manager with over seventeen years of experience as an investment advisor. Dan holds an MBA from the University of Miami and a BS in Business Administration from the University of Florida and has passed the first level of the Chartered Financial Analyst program. He is also a registered representative of SSI and serves as a member of the Equity Research Committee. Jim Newman is a Portfolio Manager with over eight years in trust investment management and began work at Synovus in 2001. He serves on the Asset Allocation Committee. Jim attended the University of Idaho and completed the Florida Graduate Trust School. William Perkins is President and CEO of Synovus Investment Advisors, Inc. He is a 1976 graduate of Texas Christian University and completed the ABA Trust and Private Banking Executive Management program in 1993. He currently holds NASD licenses 7, 24, 53, 55, 63, 66, and is a member of the Association of Investment Management Sales Executives. Neal Price is a Vice-President and Senior Portfolio Manager with over eighteen years of investment experience. He holds a BS from the University of South Carolina and an MBA from Samford University, where he graduated with honors. Neal joined Synovus in 1998 and serves as a member of the Fixed Income Committee. Charles Ray Sheffield is a Senior Investment Manager with over ten years of financial services experience, including five years of investment experience. He is a graduate of Georgia Southwestern State University and Mercer Law School. He is a member of the Georgia Bar Association, and is the former Assistant General Counsel for Synovus Financial Corp. Page 7 of 8
Investment Professionals Michael Upshaw, CFP, ChFC is a Vice President & Senior Portfolio Manager with over thirteen years of financial services experience. He serves as a member of the Asset Allocation Committee. Michael earned a BS degree in finance with honors from Auburn University, a Juris Doctor from the University of Georgia School of Law, and graduated with honors from the Cannon Financial Institute. Michael is a member of the Georgia Bar Association, holds a Certified Financial Planner designation, and earned the right to use the Chartered Financial Consultant designation. Michael joined Synovus in 1994. Matt Weatherly, CFA is an Assistant Vice President and Portfolio Manager who has been with Synovus since 1999. Matt is a member of the Equity Research Committee. He graduated with a BS degree in Finance from Birmingham-Southern College and a MBA in International Finance from the University of South Carolina. Matt earned the right to use the Chartered Financial Analyst designation in 2004. Russell Wolsfelt is a Portfolio Manager and has been with Synovus Investment Advisors since 2003. He received a BS from Auburn University. Page 8 of 8