Notes:

The award finalists and winners were chosen using the systematic, proprietary, and multi-factor evaluation methodology developed by Envestnet|PMC’s Premium Research Solutions. Its evaluation framework considers performance, firm profile, customer service, investment process and style, composite, tax efficiency, and other quantitative and qualitative criteria. managers had to be broadly available on the Envestnet platform and open to new investors. Managers had to have a minimum of $200 million in assets and their management team had to have more than 3 years of experience. Frontier did not pay a fee to be included in the SMA awards. The awards were based on composite performance not representative of the performance of any single client. There is no assurance that favorable performance will be experienced in the future. Full composite performance information is available upon request.

Past performance is no guarantee of future returns. An investment in Frontier Asset Management strategies involves risk of loss, including principal, as well as the potential for gain. Before investing, consider investment objectives, risks, fees, and expenses.