Quarterly Market Report
First Quarter 2012

The first quarter of 2012 produced very attractive returns, as US economic data continued to improve and concerns over the European sovereign debt crisis receded. The S&P 500 was up 12.6%, the Russell 2000 was up 12.4%, and the MSCI EAFE was up 10.9%. Bonds were flat, with the Barcap Aggregate Bond Index up 0.3%. Commodities were up, with the energy tilted GSCI up +5.9% and the more diversified DJ UBS up  +0.9%. Hedge funds provided positive returns (+3.4%). Overall, performance from the 10/03/11 market low to the end of Q1 has been impressive, with the S&P 500 up 29.6% and the Russell 2000 up 37.2%.

Personal Wealth Management

For over 20 years, Radnor Financial Advisors has provided wealth management services to high net worth individuals and corporate executives. Our holistic approach integrates personal financial planning, tax considerations, estate concerns, and investment portfolio management. When you choose Radnor Financial Advisors, you will benefit from:

•  A customized portfolio developed to meet your unique financial objectives, risk      
    tolerance, and investment requirements.

•  Strategic asset allocation and active investment portfolio management.

•  Constant access to a team of advisors for advice on any aspect of your financial life.

Call Radnor Financial Advisors today at 610-975-0280 and discover the difference personal wealth management can make in your life.

The Roth Conversion-A Wealth Transfer Strategy for High-Net—Worth Individuals in 2010

The value of converting traditional IRA assets to Roth IRA assets for high-net-worth individuals is supported as a wealth transfer strategy, available to all in 2010, through the study of net present values.

Radnor Financial Advisors, Inc. ● 485 Devon Park Drive, Suite 119 ● Wayne, PA 19087 ● Phone: 610-975-0280 Fax: 610-975-0283 Toll Free: 888-271-9922 ● radnor@radnorfinancial.com