2017 Year End Newsletter & Outlook1

Year End Results If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 4.28% in 2017, after fees. The range of individual client returns was from 0.90% to 12.73%. For comparison purposes, the S&P 500 Total Return Stock index earned 21.83%, and the Barclays Aggregate Bond Index was …

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