Purpose

Miles International [MI] is a boutique family investment office that offers nine value added services:

• 1. IDENTIFY: MI is a global investment advisory service that specializes in locating, reviewing and visiting outstanding, world class, and experienced money managers with unique talent and unparalleled integrity.
• 2. PARTNER: MI will match the best investment managers from around the world with global investors. An investment matchmaker and manager of the manager.
• 3. COMMUNICATE: MI will explain the selected investment manager’s principles, methods and strategies.
• 4. EXPERIENCED: Each money manager selected will have a proven and long-term track record of adding value to the stock market indexes.
• 5. LOWEST FEE: MI will negotiate the lowest available investment manager fee. Taxable accounts will be managed to minimize the impact of taxes.
• 6. CANCELLATION: No long term management agreement. Terminate service at any time for any reason.
• 7. REPORT: MI will monitor and report quarterly investment performance.
• 8. PROTECTION: Assets will be brokerage based and therefore protected from investment manager withdrawal.
• 9. RECOMMEND CHANGE: If value is not added to the stock market indexes over a rolling 3-year period, MI will recommend a different manager.

Why New Service: Smaller pools of money are easier to achieve superior returns. According to Warren Buffett, asset size is an anchor against performance. ‘If I had $1 million to invest, or $10 million for that matter, ’ claimed Warren recently, ‘I know I would achieve 50 percent per year.’

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Investment Philosophy

Stock and Business analysts not Market analysts. Using the Buffettesque principles and techniques perfected by the world’s greatest investor.

• Know What Kind of Investor You Are
• Know What You Own
• Invest in Main Street Type Businesses
• Own Top Notch Businesses managed by world class managers purchased at attractive prices
• Low turnover (less than 20 percent per year or the equivalent of a 5 year holding period)
• Concentrated portfolio (less than 20 stocks)
• Always invest with a substantial margin of safety

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Investor Profile

High net worth individuals, businesses, institutions, trusts, foundations, religious, non-profit, retirement plans, pensions, and governments. Believers of value investing, Ben Graham and Warren Buffett.

Ideal service for those investors that:

• Have assets that need to be allocated to their best use along with a long term investment horizon.
• Do not know how to value a stock or how to think about stock prices.
• Do not agree and/or have been unsuccessful with excessive stock trading and believe in the long term business ownership through the stock market.
• Prefer to be passive investors and do not have the desire, talent or time to review and select a limited amount of attractive companies with outstanding managers available at attractive prices.
• Want Warren Buffett to manage their money but have no idea how to value Berkshire Hathaway and/or whether now is a good time to own it.
• Do not know outstanding investment managers, how to evaluate them and how to become their partners.
• Believe smaller investment sums can achieve superior returns. Understand that a small portfolio of stocks can offer superior returns over typical institutional management.
• Choose to own more than just one stock.
• Want to use the same investment principles and practical methods employed by Warren Buffett, Ben Graham and Phil Fisher.

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Investment Advisor Profile:

• Author of 3 investment and management books
• Presenter of a variety of investment related audio and video programs
• Frequent guest on major television news programs and source to several worldwide publications
• Written articles for several business management, financial related magazine and trade publications.
• International speaker – presented wealth workshops on three continents and to the Smithsonian in Washington DC
• Visited, interviewed, and written about some of the world’s best investment managers
• Believes you are investing in the management of a company not the price action of a stock. Ultimately an investor becomes a partner with the CEO in a publicly traded business.

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Investment Manager Profile:

• 10 year market out performance with audited returns
• Quarterly investment performance report
• Investment returns by same investment manager
• Minimum $25 million under management
• Value added proven performance
• Down market out performance
• List of mistakes
• Independent minded
• Has his own and his family’s money invested in the same portfolio of stocks
• Enjoys the investment process so much that he doesn’t intend to retire and doesn’t believe that he is working for a living

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Performance Target/Goal

Value added above the long term bond rate and above the market averages based on a rolling 3 year average. More value added during declining markets.

Types of Investments

Stocks (Mostly US, some non-US, including Canadian, Australian, European, Asian)

Types of Accounts

Every type (online, discount, and full service) of brokerage accounts Since you always control the assets, contributions and distributions in your account, there are no country or residency limitations. Can use existing brokerage accounts.

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Minimum Investment = $1,000,000

Annual Fee = 1 percent or less on assets (plus minimal stock trading commissions)

Asset Protection, Safekeeping and Regular Reporting

Assets under management held by independent stock brokerage with signed limited power of attorney to buy and sell stocks only. No investment advisor withdrawals permitted, except for annual fee, paid quarterly. No contract. Cancellation at will. No fee for early termination. Fee payable in arrears.

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Taxes = All taxable accounts will be managed to minimize taxes with low turnover.

Full Disclosure/Guarantee

Investment advisor and manager will always personally own the same investments held in your portfolio.

Disclaimer

Past performance is no guarantee of future results. Stocks held in your portfolio are not FDIC insured and are subject to stock market losses.

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Contact Info

For a confidential review of your investment needs:

contact: Bob Miles

Phone:

Email:                      Website: www.robertpmiles.com

Mailing Address: 4532 W. Kennedy Blvd., #225, Tampa, FL, 33609-2042

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