We are pleased to announce that bivio has partnered with E*Trade Securities and Trefis to develop special offers, just for bivio club members!

Invest & Trade with the pioneers in online investing for over 20 years. Whether your investment club is new to online investing, consists of more experienced investors or active traders, E*TRADE has everything you need to help you succeed.

With an E*TRADE Investment Club account you'll benefit from:

• A Full Range of Investment Choices including 8,000 Mutual Funds¹and over 80 Commission Free ETFs²
• Innovative Investing and Trading Tools including E*TRADE Mobile and the NEW E*TRADE 360
• Free Investing Education and Research from industry leaders like Morningstar and Standard and Poor's
• Professional, Complimentary Advice from experienced Financial Consultants

Open a new Investment Club account at E*TRADE and receive this special offer:

• Unlimited $5 stock and option trades for at least 12 months⁴
• A rebate toward Account Transfer fees⁵

AND...

• If you also fund your account with a minimum deposit of $10,000, receive a FREE, 3-month subscription to Trefis Pro⁶
• A $75 value!

Register Now!

• Contact E*TRADE at 877-362-1714.
• Indicate that you are a bivio investment club member and want to open an E*TRADE Investment Club account.
• Provide the E*TRADE representative with your bivio ClubID and the details required to open your E*TRADE Investment Club account.
• To receive your Free Trefis Pro Subscription⁶ call E*TRADE at the same number to obtain your Trefis Promotional code.

Roll over an old 401K or Transfer an IRA to a new E*TRADE IRA and get up to $600⁷

Register Now!

To take advantage of this offer contact E*TRADE at 877-362-1714 or click here for more information and to enroll online.

Questions? Feel free to contact us at support@bivio.com

The fund's prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing. For a current ETF prospectus, visit the Exchange-Traded Fund Center at www.etrade.com/etf and for a current mutual fund prospectus, visit the Mutual Fund Center at www.etrade.com/mutualfunds

E*TRADE credits and offers may be subject to U.S. withholding taxes and reporting at retail value. Taxes related to these credits and offers are the customer's responsibility.

1. You can invest in the mutual funds available through E*TRADE Securities no-load, no-transaction fee program without paying loads, transaction fees, or commissions. To discourage short-term trading, E*TRADE Securities will charge an Early Redemption Fee of $49.99 on redemptions or exchanges of no-load, no transaction fee funds that are held less than 90 days. Direxion, ProFunds and Rydex mutual funds, funds held at least 90 days, or funds purchased before September 1, 2006 will not be subject to the Early Redemption Fee. All fees and expenses as described in the fund’s prospectus still apply. Please read the fund’s prospectus carefully before investing.

2. You can buy and sell the exchange-traded funds (ETFs) available through the E*TRADE Securities commission-free ETF program without paying brokerage commissions. For margin customers, the ETFs purchased through the program are not margin eligible for 30 days from the purchase date. To discourage short-term trading, E*TRADE Securities may charge a short-term trading fee on sales of participating ETFs held less than 30 days.

3. This material is being provided to you for educational purposes only. The content has been written by and will be presented by a third party not affiliated with E*TRADE Financial Corporation or any of its affiliates. The information contained in this material has not been endorsed or approved by E*TRADE Financial Corporation or any if its affiliates. E*TRADE Financial Corporation and its affiliates are not responsible for the content. No information presented constitutes a recommendation by E*TRADE Financial or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities by E*TRADE Financial Corporation or its affiliates. Neither E*TRADE Financial Corporation nor its affiliates offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Neither E*TRADE Financial Corporation nor any of its affiliates is affiliated with the third party providing this content.

4. This offer applies only to new E*TRADE Securities Investment Club accounts. For E*TRADE Securities accounts (except retirement and custodial), an account minimum deposit of either at least $500 in cash or a deposit of securities is required within 60 days of account opening for the account to remain active. Accounts that do not meet the minimum deposit requirement will be closed after 60 days and will no longer be eligible for the offer. You will pay $5.00 for stock and option trades (plus 75¢ per options contract) for 12 months after your account is opened. After the first 12 months, standard commission rates will apply unless at least one member of your investment club opens and maintains a separate E*TRADE Retirement account before the end of the 12-month period. Offer excludes E*TRADE Financial Corporation associates, and non-U.S. residents. This offer is not valid for existing E*TRADE Investment Club accounts. One promotion per club. E*TRADE Securities reserves the right to terminate this offer at any time. E*TRADE Investment Club accounts must be opened by March 1, 2013, the offer expiration date.

5. Rebates on account transfer fees are up to $150.00. New funds or securities must remain in the account (minus any trading losses) for a minimum of 12 months or the credit may be surrendered.

6. The free 3-month subscription to Trefis Pro applies only to new E*TRADE Securities Investment Club accounts opened with a minimum $10,000 deposit from an external bank or brokerage account. The three month subscription is valued at a total of $75.

7. Credits for deposits of new funds or securities from accounts outside of E*TRADE will be made as follows: deposits over $250,000 receive $600; deposits between $100,000 and $249,999 receive $300; deposits between $25,000 and $99,999 receive $100. This offer is valid only for new IRAs (limited to Rollover IRAs, Traditional IRAs and Roth IRAs), and excludes E*TRADE Securities and Bank accounts. Deposits of new funds or securities from existing E*TRADE Bank and E*TRADE Securities accounts are not eligible for this offer. New funds or securities must be deposited or transferred within 45 days of new account opening and enrollment in offer, and must be from accounts outside of E*TRADE Bank and E*TRADE Securities. One account promotion per customer. Promotion is limited to one account per User ID and is not valid with any other offers. Deposits must be made into a new IRA account to qualify for credit. E*TRADE Financial Corporation associates, and non-U.S. residents not eligible. New funds or securities must remain in the account (minus any trading losses) for a minimum of six months or the credit may be surrendered. The credit will be made to your account within 8 weeks of account funding. We reserve the right to terminate this offer at any time. Accounts must be enrolled by December 31, 2012, the offer expiration date.

E*TRADE, Bivio, and Trefis are separate but unaffiliated companies. E*TRADE does not condone or endorse any content on the Bivio site.

The E*TRADE Financial family of companies provides financial services including trading, investing, and related banking products and services to retail investors.

Securities products and services are offered by E*TRADE Securities LLC, Member FINRA/SIPC.