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information, please visit our wcbsite at vAvw.ubs.comAvorkinguithus. CUBS 2016. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC. All other trademarks, registered trademarks. service marks and registered service marks arc of their respective companies. UBS
who might say what at any given time and how the market may respond. Below is a note and links to timely research from our Chief Investment Officer, Mike Ryan. In addition we have attached an interesting article from Ken Rogoff of Harvard along with a helpful chart of the process for the UK from here. If
nformation. please visit our vvebsite at wvivv.ubs.com/workingwithus. CUBS 2016. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC. All other trademarks. registered trademarks, service marks and registered service marks are of their =Naive companies. UBS Fina
who might say what at any given time and how the market may respond. Below is a note and links to timely research from our Chief Investment Officer, Mike Ryan. In addition we have attached an interesting article from Ken Rogoff of Harvard along with a helpful chart of the process for the UK from here. If
re information, please visit ow website at www.ubscom/oorkineoithus. CUBS 2016. All rights reserved. UBS Financial Services Inc. is a subsidiary. of UBS AG. Member FINRA/SIPC. All other trademarks, registered trademarks, service marks and registered service marks are of their respective companies. UBS
who might say what at any given time and how the market may respond. Below is a note and links to timely research from our Chief Investment Officer, Mike Ryan. In addition we have attached an interesting article from Ken Rogoff of Harvard along with a helpful chart of the process for the UK from here. If
Entities connected to both UBS AG and Mike Ryan

Ghislaine Maxwell
PERSONUBS Financial Services Inc.
ORGANIZATION
Jeffrey Epstein
PERSON
Paul Ryan
PERSONthe Securities and Exchange Commission
ORGANIZATIONScott Stackman
PERSONUBS Investment Management Canada Inc.
ORGANIZATIONMolly
PERSONMolly Ladd
PERSONUBS Financial Services Incorporated of Puerto Rico
ORGANIZATIONLyle & Scott
ORGANIZATION
Ken Rogoff
PERSONCIO Wealth Management Research
ORGANIZATIONBarron's Top
ORGANIZATIONScott Stockman
PERSONUBS Private Wealth Management
ORGANIZATION