Record Disclosure

The above returns from February 1, 2009 through December 31, 2014 have been calculated based on the annual and monthly returns of the personal brokerage accounts of Randall Herion. The returns for 2015 and thereafter are based on a managed account of a client. Management fees were NOT deducted from the above returns. Past results are not any indication or guarantee of future results.
The advisor believes in asset concentration which means the top five stocks will represent a large percentage of the accounts total assets. In the period from 2009 through June of 2013 the accounts of record were concentrated in five or fewer stocks for the majority of that period. The S&P 500 index is an investment vehicle that will allow you to invest in the stock market with lower management and transaction fees than the cost you will incur at Liberty Hill Capital, LLC.