-Letter from the Chairman- Dear Investor: Williams, Jones & Associates, LLC ("Williams Jones") is a registered investment advisor that provides customized investment management services to private individuals, retirement plans and non-profit organizations. The Firm currently manages over $3.0 billion in equity and fixed income securities and selects outside managers for hedge fund investments. This website briefly describes the investment products we currently offer our clients. What it cannot describe is the more important interplay of these investments in our clients’ portfolios and how this has served to grow and protect investment capital in very different and challenging market environments. Markets have become increasingly complex and volatile. Traditional singular investment approaches do not accommodate enough flexibility or provide adequate dimension to deal with today’s compressed market cycles. Where before an investment firm could focus on solely delivering excellent equity or bond management, today it is crucial to understand the constant interplay between these and other market sectors in order to develop satisfactory risk-adjusted return on investment capital. All of our products are individually top performers and have been developed by us to meet the market’s challenges for our clients as well as our own personal capital. What is unique about Williams Jones is that each product’s disciplines lie under one roof; around our partners’ conference table we are constantly making recommendations as to how your and our capital should optimally be allocated among them. This allocation process is critical in developing high risk-adjusted return. Our size provides the critical mass necessary to establish information networks every bit as extensive as the largest investment management firms' and enable us to actively cultivate outside research relationships which go well beyond our competitors’. We hope you will get a sense of our dedication, consistency and continuity. What has brought all of us together after life-long commitments to this industry is the belief private wealth management is generally not being well provided for by the very large or small firms. One good measure of our success has been the willingness of many of our long-term clients to speak for us about their experience with Williams Jones. We have grown to our present size mostly through client referrals. Please call us if we can be of further assistance. We welcome the opportunity to work with you. Sincerely, William P. Jones, Jr. Chairman