Securities America, Inc., and Securities America Advisors, Inc., OPERATIONS AND SAFEGUARDS Managed accounts are through Securities America Advisors, Inc., a Registered Investment Advisor. Securities America, Inc., a sister company and a national broker dealer, processes all securities transactions. Brokerage accounts are carried by National Financial Services LLC, Member NYSE/SIPC. SIPC AND EXCESS SIPC INSURANCE Securities in accounts carried by National Financial Services, LLC (NFS) are protected in accordance with the Securities Investor Protection Corporation (SIPC) up to $500,000. The $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection for claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC's Board of Directors. NFS also has arranged for additional protection for cash and covered securities called "excess of SIPC" coverage, from Lloyd's of London together with other insurers. This additional protection would only be used when SIPC coverage is exhausted. Total aggregate excess of SIPC coverage available through NFS's excess of SIPC policy is $1 billion. Within NFS's excess of SIPC coverage, there is no per account limit on coverage of securities, but there is a per account limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry. Neither coverage protects against a decline in the market value of securities, nor do they cover other claims for losses incurred while broker-dealers remain in business. Certain securities are not eligible for SIPC or excess of SIPC coverage . For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 1-202-371-8300. For ratings and more information about Lloyd's please go to http://www.lloyds.com/investor-relations/ratings. Among the assets typically not eligible for SIPC or excess of SIPC protection are commodity futures contracts, currency, and precious metals, as well as investment contracts (such as limited partnerships) and fixed annuity contracts that are not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933.