Introducing a Whole New Way to Plan for Your Retirement

Introducing a whole new way to plan for your retirement

FOR INVESTOR USE IN CONSULTATION WITH A UBS FINANCIAL ADVISOR. A whole new way to help you and your UBS Financial Advisor close the gap between where you are today and the income you really want each year in retirement.

iRetire® brings together the power of UBS, the world’s largest wealth manager* and BlackRock, trusted to manage more money than any other investment ﬁrm in the world.†

* Scorpio Partnership Global Private Banking Benchmark 2015, on reporting base currency basis for 2 institutions with AUM > USD 500 billion. † Source: BlackRock. Based on $4.73 trillion in AUM as of 3/31/16. SEE where you stand today. iRetire® translates your current retirement savings into the number that really matters: the income you could have each year in retirement.

EXPLORE how you can make it better. iRetire® helps you and your UBS Financial Advisor close the gap by illustrating the potential impact of saving more, working longer, and investing differently.

CHOOSE a UBS Managed Portfolio of Funds (MPF) House View Strategy portfolio to help put the iRetire® approach into action. iRetire® can help you and your UBS Financial Advisor select a UBS MPF House View Strategy portfolio based upon your age, objectives, and inputs.*

* Only the UBS MPF House View Strategies are identified in the tool, and they do not represent the full universe of investments that could compose a portfolio or help you reach your retirement income goals. 3 “Will I have enough for retirement?”

It’s a brutally simple question ... and one more and more of us are struggling to answer today.

Because preparing for retirement between ages 50 and 70 isn’t as simple as it used to be.

• Americans today have more years to do the things we love: ...today, the average 50 year old American will live into their 80s.1

• But we also have more years of retirement to pay for: ...nearly 60% of us fear not having enough money in retirement.2

That’s why it’s time to look at your retirement in a whole new way.

1 Source: U.S. Social Security Administration Life Expectancy Calculator as of 12/2/15. 4 2 Source: Gallup Economy and Personal Finance Report 2014. For illustrative purposes only. 5 You may have a gap between your savings today and the income you really want each year in retirement.

When it comes to knowing if you have enough, the number that really matters may not be the traditional “nest egg.”

It’s the income you’ll have each year in retirement.

And that nest egg you’ve been building up for decades may not provide the income you wanted...or planned for.

6 Here’s the surprising reality.

Imagine you had a $500,000 “nest egg” at age 60. You $500K $26K In Total Estimated Per could ﬁnd yourself living on Savings Year in Retirement an estimated income of just over $26,000 a year in retirement.*

That difference — between the income your savings might provide and what you really want to have in retirement — is your income gap.

Where you stand today Your goal

Estimated Annual Retirement Income Income Gap

But here’s the good news: now there’s something you can do to start to close that gap.

* Hypothetical example based on an individual aged 60 today. Actual investment outcomes may vary. The estimated annual retirement income is based on the CoRI Retirement Index 2020 level as of 3/22/16. CoRI Retirement Index levels are updated daily and are subject to change over time. Retirement is assumed to begin at age 65. CoRI Retirement Indexes (“CoRI Indexes”) are a series of age-based indexes designed to help individuals measure retirement readiness and plan for future income goals in the years leading up to and in the early retirement phase. Each CoRI Index provides a daily “level” that can be used to estimate how much annual lifetime retirement income an individual’s current retirement savings could generate, taking into account current interest rates, in ation expectations, life expectancy and other factors. Such estimates are not guaranteed. 7 Start closing your gap today in three simple steps. iRetire® is a whole new way to help people aged 50–70 plan for retirement.

It’s easy to use...just three simple steps.

It ’s easy to understand...clearly illustrating where you are and what you can do to make it better.

It’s easy to act on...taking you and your UBS Financial Advisor from problem to plan to a portfolio in minutes, not hours.*

STEP ONE See where you stand today. The iRetire® tool translates your current savings into the number that really matters: the income you could have each year in retirement.

Your UBS Financial Advisor enters:

• Your age • Your current retirement savings • And the income goal for retirement you’ve discussed

Using BlackRock’s analytical technology and expertise, your UBS Financial Advisor can demonstrate for you if you have a potential retirement income gap.

* The iRetire results should only be one consideration when deciding to invest in 8 the UBS MPF House View Strategies or any other investment solution. For illustrative purposes only. 9 STEP TWO Explore how you can make it better. iRetire® illustrates ways to close the gap between where you stand today and the income you really want each year in retirement, using the UBS MPF House View Strategies.

Whether you have a gap — or just want to see if you can do better — the iRetire® tool can demonstrate to you and your UBS Financial Advisor how changes today...

• Saving more

• Working longer

• Investing differently

...could get you closer to the income you want in the future. It’s not magic. It’s math.

10 For illustrative purposes only. 11 STEP THREE Choose a UBS MPF House View Strategy portfolio to help put your retirement plan into action. Based on the information you provide, results from the iRetire® tool can help you and your UBS Financial Advisor build a professionally managed portfolio for you that is:

• Balanced among various kinds of ETF investments to help drive toward your income goals.

• F actoring in your age and how you choose to invest.

• Designed to help keep you on track: The iRetire® tool will leverage the UBS MPF House View Strategies to keep you on track through a consistent, systematic investment process combined with active portfolio management.*

* The iRetire results should only be one consideration when deciding to invest in 12 the UBS MPF House View Strategies or any other investment solution. Your Portfolio Built on the differentiated insights and guidance of UBS CIO Wealth Management Research, combined with UBS Investment Management’s portfolio management capabilities, the UBS MPF House View Strategy is designed to help you better plan for retirement.

5 5

FIXED INCOME 45% EQUITY 53% CASH 2%

For illustrative purposes only. Does not represent an actual account. 13 iRetire® brings together the power of BlackRock, trusted to manage more money than any other investment firm in the world,* and UBS — the world’s largest wealth manager.†

* Source: BlackRock. Based on $4.73 trillion in AUM as of 3/31/16. † Scorpio Partnership Global 14 Private Banking Benchmark 2015, on reporting base currency basis for institutions with AUM > USD 500 billion The daily data of BlackRock’s advanced CoRI® retirement income engine. Translating your current savings to potential annual retirement income using methodology relied on by sophisticated pension plans. Differentiated guidance. Your UBS Financial Advisor will work with you to deliver UBS’s intellectual capital through a consistent, systematic investment process combined with active portfolio construction offered through the UBS MPF House View Strategy.

Professional blending of investments. The UBS Managed Portfolio of Funds House View Strategy is professionally constructed with a diverse mix of exchange traded funds (ETFs) and is available through your UBS Financial Advisor.

All wrapped in an exquisite BlackRock experience. Pulling it all together in a way that’s easy-to-understand, simple, and built around you and your needs.

1515 Speak with your UBS Financial Advisor today.

* Source: BlackRock. Based on $4.73 trillion in AUM as of 3/31/16. The iRetire tool is available to nancial professionals only. It is not available to the general public. IMPORTANT: The projections or other information generated by the iRetire tool (the “tool”) regarding the likelihood of various investment outcomes are hypothetical in nature, do not reect actual investment results and are not guarantees of future results. Results may vary with each use and over time. Any information contained in or generated by the tool should not be construed as or relied upon as investment advice, research or a recommendation by BlackRock Investments, LLC or any of its afliates (collectively, “BlackRock”) regarding the use or suitability of any particular allocation, fund or overall investment strategy. The UBS MPF House View Strategies identied in the tool do not represent the full universe of investments that could compose a portfolio. Other investments not considered may have characteristics similar or superior to those that are included. The tool is designed to be used in consultation with an advisor and should not be relied on as a primary basis for an investment decision. Only an investor and their advisor know enough about the investor’s circumstances to make an informed investment decision. Any decision to implement a portfolio generated by the iRetire tool is solely your decision in consultation with your UBS Financial Advisor. The tool and BlackRock’s CoRI methodology do not guarantee future income or protect against loss of principal. There can be no assurance that an investment strategy based on the tool or BlackRock’s CoRI methodology will be successful. The tool generates illustrative portfolios based on each user’s inputs, taking into account the investor’s current age, retirement savings, anticipated retirement age, desired retirement income and the risk level selected in the tool. The risk level selected may differ from your risk tolerance. This information is intended to provide potential investment options, but is not comprehensive investment advice. Your retirement needs may be in uenced by a variety of factors that are not included in this analysis. You should consult with your UBS Financial Advisor to help evaluate your retirement needs and consider the information provided by the tool. You should also speak with your UBS Financial Advisor regarding the assumptions and methodologies used in the tool. Exchange Traded Funds are sold by prospectus. Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. A fund’s summary prospectus or prospectus contains this and other information about the fund and is available to investors by contacting their Financial Advisor. The prospectus should be read carefully before investing. For iShares ETFs, visit iShares.com. Investing involves risk, including possible loss of principal. Asset allocation and diversication strategies do not guarantee prot and may not protect against loss. A number of factors may contribute to variations in retirement income. For example, the CoRI methodology does not re ect the fees, expenses and cost that may be associated with an annuity or any other retirement income product that an individual may purchase, nor does it re ect any assumption that such a product will be available for purchase at the time of retirement. The UBS Managed Portfolio of Funds House View Strategies are offered through UBS Financial Services Inc. (“UBS”). Distribution of this information should not be construed as creating any advisory or other relationship between BlackRock and you. BlackRock is not af liated with UBS. The portfolios generated by the tool and the underlying ETFs for each portfolio are determined by UBS based on the UBS Managed Portfolio of Funds House View Strategies. BlackRock has no authority or discretion to modify the asset allocations or the ETFs included in the portfolios. UBS Managed Portfolio of Funds is a fee-based discretionary, advisory program. The Program is designed for clients (i) who want to delegate portfolio management discretion to UBS, (ii) are looking to implement a medium to long-term investment plan; and (iii) prefer the consistency of fee-based pricing. The Program is not appropriate for clients who want to maintain trading control over their account or clients who seek a short term investment. The UBS Managed Portfolio of Funds House View Strategy re ects the tactical posture of the UBS House View publication models, but actual allocations and performance may differ due to the underlying investment costs, tracking error of instruments used, limitations in the availability of asset classes and/or limitations in the number of securities in a portfolio. The strategy involves investments in exchange traded funds and other pooled investment vehicles which carry internal management and administrative expenses borne by shareholders. Those fees are in addition to the advisory fee you pay for the UBS Managed Portfolio of Funds program. Program fees will not be reduced or offset by these fees. These additional fees will reduce the overall return of your account. You may be able to purchase those securities directly in the open market without incurring the program fee. Please review the applicable prospectus and offering documents carefully for a detailed description of the additional fees associated with these securities. Investors should be aware that the value of exchange traded funds changes from day to day. Therefore an investment’s return and principal value will uctuate so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. ETFs seek investment results that, before expenses, generally correspond to the price and yield of a particular index. There is no assurance that the price and yield performance of the index can be fully matched. ETFs are subject to tracking error and may be unable to sell poorly performing stocks that are included in their index. ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. If you would like more information about the Program or have questions about your account, please ask your Financial Advisor or refer to the rm’s Form ADV Disclosure Brochure. The iShares ETFs identied in the tool are distributed by BlackRock Investments, LLC. ©2016 BlackRock, Inc. All rights reserved. BLACKROCK, BUILD ON BLACKROCK, CoRI, iRETIRE, and iSHARES are registered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

FOR INVESTOR USE IN CONSULTATION WITH A UBS FINANCIAL ADVISOR. Lit. No. UBS-CLIENTBRCH-0916 7281B-USWA-0916 / USR-8833