1 Download, complete, and return CTA account initiation documents Fill in the required information in the left hand column on the"Create a new CTA portfolio account" page, then click on"Obtain CTA account initiation documents" button at the bottom and follow the directions provided for downloading these documents: • CTA Confidential Client Profile, Risk/Return Questionnaire • CTA Advisory 001 concerningUS-resident clients and SEC rules governing access to performance based fees • CTA Discretionary Investment Advisory Agreements for Concept and Select Portfolios Complete the profile/questionnaire and, if you have chosen a Cara Portfolio, the agreement. If not return only the profile and CTA will contact you for a discussion. To return documents, follow the instructions on page 1 of the client profile or agreement.     2 Bill Cara reviews your client profile/questionnaire, and agreement(s) if you have made a choice. If you wish, you can arrange to discuss your needs with Bill.     3 Establish an electronic brokerage account CTA prompts Interactive Brokers (IB) to send you an electronic invitation to open an IB account with CTA having trading access in order to manage your portfolio.     4 When the account is funded, CTA begins trading, and you have immediate access to daily statements of your account.