Towneley Capital Management, Inc

At Towneley, we are more than just financial advisors. We are investment counselors dedicated to meeting your money management needs. Our portfolio managers, as well as the rest of the investment team, are readily available to speak directly with clients and their other advisors, such as auditors, accountants and attorneys. We also assist with a wide range of individual and business financial issues.

Portfolio Management Name and Title	Degrees and Certifications	Years with Towneley
Wesley McCain, Chairman	B.B.A., M.A., M.B.A., Ph.D., CFA	37
Tracy Kuntz, President	B.S., M.B.A., CFP®	23
Lisa Tomlinson, Portfolio Manager, Client Service	B.A., CFP®	21
Heidi Haynes, Portfolio Manager, Client Service	CFP®	18
Ernie Garrett, Portfolio Manager, Research Analyst	B.A., CFP®	7
Shu Chin Li, Portfolio Manager, Research Analyst	B.A., M.S., M.B.A., CFA	5

Compliance and Financial Planning Name and Title	Degrees and Certifications	Years with Towneley
Robyn Bahlinger, Compliance Officer, Financial Planner	A.B., J.D., CFP®	7

Portfolio Administration and Research Name and Title	Degrees and Certifications	Years with Towneley
Christina Elmore, Portfolio Administrator	B.S.	4
Marnie Cesarini, Programmer, Performance Analyst	B.S., M.B.A.	18

Sales and Marketing Name and Title	Degrees and Certifications	Years with Towneley
Robert Seaman, Business Development Manager	B.A., B.S., M.S.	3
Gretchen Gibson, Special Projects Coordinator	B.F.A.	16

Administration Name and Title	Degrees and Certifications	Years with Towneley
Sheila Lagrand, Operations Manager, CA	B.A., M.A., Ph.D.	2
Thy Dang, Administrative Assistant		2
Alma Ramos, Office Manager, NY		20

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP^®, Certified Financial Planner^™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Portfolio Management
Wesley McCain, Ph.D., CFA, is founder and chairman of Towneley Capital Management, Inc. Prior to founding Towneley in 1971, he was an assistant professor of finance at Columbia University's Graduate School of Business Administration. He received a B.B.A. from the University of Michigan, an M.B.A. from Columbia University and an M.A. and Ph.D. from Stanford University. He is the founder and former chairman of Eclipse Financial Asset Trust and a former senior managing director of New York Life Investment Management, LLC. He has also served as a director of two insurance companies, one industrial company and several mutual funds. He is a past public governor and independent director of the PCX Stock & Options Exchange, PCX Equities, NYSE Arca, Inc. and the NYSE Arca Equities, Inc. He is currently serving as a director of GM Network, Ltd. Dr. McCain is a Chartered Financial Analyst and a member of the CFA Institute.
Tracy Thatcher Kuntz, M.B.A., CFP^®, President, oversees the management of all client portfolios and office operations, including client relations and marketing functions. Ms. Kuntz has been a CERTIFIED FINANCIAL PLANNER^TM since 1993. She received her B.S. from the University of Southern California in 1982 and her M.B.A. from the University of California, Irvine in 1997. Ms. Kuntz is an active member of the Orange County chapter of the Financial Planning Association, the National Association of Women Business Owners and the Investment Management Consultants Association. She has been with Towneley since 1985.
Lisa Tomlinson, CFP^®, Portfolio Manager, is the primary contact person overseeing the day-to-day management of her clients' accounts, trading their MMFS portfolios and addressing any questions they may have. Ms. Tomlinson has been a CERTIFIED FINANCIAL PLANNER^TM since 1993. She received her B.A. from UCLA in 1980. She is an active member of the Orange County chapter of the Financial Planning Association and has been with Towneley since 1987.
Heidi Haynes, CFP^®, Portfolio Manager, is the primary contact person overseeing the day-to-day management of her clients' accounts, trading their MMFS portfolios and addressing any questions they may have. Ms. Haynes has been a CERTIFIED FINANCIAL PLANNER^TMsince 1995. She studied at MTI Business College, receiving a certificate in 1974. She also attended University of La Verne in La Verne, CA and the University of California, Irvine. Ms. Haynes participates actively in the Orange County chapter of the Financial Planning Association. She has been with Towneley since 1990.
Ernie Garrett, CFP^®, Research Analyst and Portfolio Manager, is responsible for the analysis upon which decisions are made regarding our investment strategies. He also acts as the primary contact person overseeing the day-to-day management of his clients' accounts, trading their MMFS and ETFS portfolios and addressing any questions they may have. Additionally, he is responsible for the overall coordination of the Multiple Mutual Fund Strategy, acting as Towneley's liaison to the mutual fund companies. Mr. Garrett has been a CERTIFIED FINANCIAL PLANNER^TMsince 2004. He received his B.A. from California State University, Fullerton in 1996. He is currently pursuing his master's degree at California State University, Fullerton. Mr. Garrett actively participates in the Orange County chapter of the Financial Planning Association and has been with Towneley since 2001.
Shu Chin Li, M.B.A., CFA, Portfolio Manager and Research Analyst, specializes in international equity analysis and the development of quantitative global asset allocation strategies. Prior to joining TCM in 2002, she was a research consultant to TCM and an emerging markets equity research analyst for Newgate LLP, a Connecticut-based global money management firm. During her employment with Newgate LLP, the firm won 2000 Best Money Manager as surveyed by Emerging Markets Week. Previously, she had accumulated international banking and finance experience in currency trading and risk management for Taiwanese firms. She received an M.S. in statistics from University of Toronto and an M.B.A. in finance and international business from Stern School of New York University. Ms. Li is a Chartered Financial Analyst and a member of the CFA Institute.

Compliance and Financial Planning

Robyn Robyn Bahlinger, J.D., CFP^®, Compliance Officer and Financial Planner, conducts research and responds to client questions about cash flow and budgeting, insurance coverage, retirement savings and withdrawals, college savings and financial aid, estate planning, taxes and employee benefits. She also oversees firm compliance with applicable regulatory requirements. Ms. Bahlinger received an A.B. from Occidental College in 1982, her J.D. degree from the University of California, Davis in 1987 and has been a CERTIFIED FINANCIAL PLANNER^TM since 2005. Ms. Bahlinger is an active member and former secretary of the Orange County chapter of the Financial Planning Association. She joined Towneley in 2001.

Portfolio Administration and Research
Christina Elmore, Portfolio Administrator, is responsible for maintaining the integrity of our portfolio data and reconciling accounts. She also acts as Towneley's liaison to the custodian. Additionally, she coordinates quarterly and annual reporting to clients. Ms. Elmore received her B.S. from California State University, Fullerton in 2003. Ms. Elmore joined Towneley in 2004.
Marnie Cesarini, M.B.A., Programmer and Performance Analyst, provides programming support for the mutual fund trading program. In addition, she provides performance and cost basis analysis and maintains the portfolio management system. She received her B.S. from California Baptist University in 1985 and her M.B.A. from Pepperdine University in 1989. Ms. Cesarini joined Towneley in 1990.

Sales and Marketing

Robert Robert Seaman, M.S., Business Development Manager, is responsible for sales and marketing activities. He has over twenty years experience in management and financial consulting. He received a B.A. degree in Management Engineering from Claremont Men's College, and a B.S. in Industrial Engineering and an M.S. in Economic Systems Planning from Stanford University. Mr. Seaman holds a Series 65 securities license. As a former Registered Representative, he also earned his Series 7 and 63 securities licenses. He is active in several organizations, including the Association of Fundraising Professionals, the Planned Giving Round Table, and the California Society of Association Executives. In addition, Mr. Seaman has served as an Ambassador of the South Orange County Regional Chambers of Commerce for the past five years. Mr. Seaman joined Towneley in 2005.

Gretchen Gibson, Special Projects Coordinator, provides marketing and client service support for Towneley Capital Management. She also coordinates internal projects. Ms. Gibson received her B.F.A. from the California College of Arts and Crafts in 1977. In 1997 she completed the Asset Management Education Program offered by the College for Financial Planning. Ms. Gibson joined Towneley in 1992.

Administration
Sheila Lagrand, Ph.D., Operations Manager, oversees operations in the Towneley west coast office and leads special projects in support of administrative, marketing and client service functions. She completed her B.A. degree at the University of California, San Diego and her M.A. and Ph.D. at UCLA. Dr. Lagrand joined Towneley in 2006.
Thy Dang, Administrative Assistant, provides support to the entire Towneley staff. She also coordinates the maintenance of office equipment and supplies. Ms. Dang is working towards her Bachelor of Arts degree in Business Finance from California State University, Fullerton. Ms. Dang joined Towneley in 2006.
Alma Ramos, Office Manager, oversees all the daily operating aspects of the Towneley east coast office and acts as liaison between the east and west coast offices. Ms. Ramos joined Towneley in 1988.