The Monitor Group, Inc.

The NAPFA Code of Ethics

Recognizing our fiduciary responsibility to clients and the public
we uphold the highest standards of care in the industry by
espousing and practicing:

Objectivity, Fairness and Suitability, Full Disclosure,
Confidentiality, Integrity and Honesty, Professionalism,
Competence, and Regulatory Compliance.

Fiduciary Oath

The NAPFA Member shall exercise his/her best efforts to act in
good faith and in the best interests of the client. The advisor shall
provide written disclosure to the client prior to the engagement of
the advisor, and thereafter throughout the term of the
engagement, of any conflicts of interest which will or reasonably
may compromise the impartiality or independence of the advisor.

The NAPFA Member, or any party in which the advisor has a
financial interest, does not receive any compensation or other
remuneration that is contingent on any client's purchase or sale
of a financial product. The advisor does not receive a fee or other
compensation from a third party based on the referral of a client
or the client's business.

Privacy Statement

The Monitor Group, Inc. is committed to maintaining the
confidentiality, integrity and security of the personal information that
is entrusted to us.

The categories of nonpublic information that we collect from you
may include information about your personal finances, information
about your health to the extent that it is needed for the financial
planning process, information about transactions between you and
third parties, and information from consumer reporting agencies,
e.g., credit reports. We use this information to help you meet your
personal financial goals.

With your permission, we disclose limited information to attorneys,
accountants, and mortgage lenders with whom you have
established a relationship. You may opt out from our sharing
information with these nonaffiliated third parties by notifying us at
any time by telephone, mail, fax, e-mail, or in person. With your
permission, we share a limited amount of information about you
with your brokerage firm in order to execute securities transactions
on your behalf.

We maintain a secure office to ensure that your information is not
placed at unreasonable risk.

We do not provide your personal information to mailing list vendors
or solicitors.

We require strict confidentiality in our agreements with unaffiliated
third parties that require access to your personal information,
including financial service companies, consultants, and auditors.
Federal and state securities regulators may review our company
records and your personal records as permitted by law.

Personally identifiable information about you will be maintained
while you are a client, and for the required period thereafter that
records are required to be maintained by federal and state
securities laws. After that time, information may be destroyed.

We will notify you in advance if our privacy policy is expected to
change. We are required by law to deliver this Privacy Statement to
you annually, in writing.