From: "Paul V. Morris"

From: "Paul V. Morris" To: Jeffrey Epstein <jeevacatior*gmail.com> Subject: September RIC Report — Finding value when valuations are high Date: Wed, 13 Sep 2017 13:25:50 +0000 PBIG logo The RIC Report Finding value when valuations are high In our September RIC Report, our BofA ML Research analysts discuss the importance of sector selection, favoring health care and financials. Thematic Strategist Beijia Ma also discusses the rise in Big Data — comparing it to the "new oil" for the 215t century. Big Data is becoming the new asset of the digital economy, meaning how it is extracted, refined, valued, and traded could dictate the rise and fall of companies. To learn more, read the full report Finding value when valuations arSigh. After you've taken a look, feel free to reach out to discuss how to put these insights to use as you work towards your goals. Sincerely, The Morris Group Private Wealth Manager Fr The Morris Group Private Wealth Manager One Bryant Park, 28th Floor New York, NY 10O36 http://www.pwa.ml.com/themorrisgroup If you prefer not to receive future emails from updates.ml.com click here EFTA00650776 Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and other subsidiaries of Bank of America Corporation ("BofA Corp."). The Private Banking and Investment Group is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the group's private wealth advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill Lynch's obligations will differ among these services. Investments involve risk, including the possible loss of principal investment. Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized. The banking, credit and trust services sold by the group's private wealth advisors are offered by licensed banks and trust companies, including Bank of America, N.A., member FDIC, and other affiliated banks. Investing involves risk. There is always the potential of losing money when you invest in securities. All asset classes are not suitable for all investors. Each investor should select the asset classes for them based on their goals, time horizon and risk tolerance. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value MLPF&S is a registered broker-dealer, registered investment advisor, Member SIPC and a wholly owned subsidiary of BofA Corp. it 2017 Bank of America Corporation. All rights reserved.' ARTPTKTC 09/2017 EFTA00650777 R R EFTA00650778