Disclosures

Bank Deposit Sweep Program

The Bank Deposit Sweep Program (BDSP) is a core account investment vehicle used for settling securities transactions or for holding cash while awaiting reinvestment. The cash balance in your NFS brokerage account(s) will be automatically deposited or “swept” into an interest-bearing FDIC-insured deposit account at one or more participating banks… more

Customer Identification Disclaimer

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account… more

Order Routing Practices Disclosure

When an order is placed at the current market price to either purchase or sell, the order may then be shown to a “third market” provider. If the provider can execute the order at the current market price or better, the order will flow to that provider. The transaction will clear and settle through National Financial Services LLC or Pershing LLC. Securities Service Network, Inc. may receive a fluctuating payment per share for each transaction routed to a third market provider.

NFS Disclosure of Order Routing Practices

For accounts that clear through NFS, LLC customers may access this information by clicking the link above.

Pershing Disclosure of Order Routing Practices

For accounts that clear through Pershing, customers may access this information by clicking the link above.  After accessing this site, the customer will enter “Securities Service Network Inc” to retrieve the applicable information.

SSN Privacy Policy

Securities Service Network, Inc. (hereinafter referred to as SSN), is required to communicate its policies related to the privacy of customer information. We are proud of our privacy practices and procedures and we want you to know how we work with your representative to protect your information and use your information to service your account… more

SSN Business Continuity Plan

SSN has developed a Business Continuity Plan. If, after reading the following, I have questions about SSN’s Business Continuity Plan, I can contact SSN at (800) 264-5499… more

SSN Revenue Sharing Program

Ladenburg Thalmann Financial Services Inc. and its affiliates, which include Ladenburg Thalmann & Co. Inc., Securities America, Inc., Triad Advisors, Inc., Securities Service Network, Inc., Investacorp, Inc. and KMS Financial Services, Inc., (together “Ladenburg Thalmann”), and their representatives receive revenue on the products and services you purchase from several sources. These sources include fees and charges you pay and other arrangements we have in place with affiliated and non-affiliated entities including: sales charges; commissions; periodic fees; periodic expenses paid from product assets such as 12b-1 fees from mutual funds and the funds available in variable annuities; financial planning and advisory service fees; a portion of the organization and offering fees and expenses for REITs, limited partnerships and other nonpublic securities offerings… more

Securities Service Network, Inc. (“SSN”) receives revenue sharing payments and or marketing reimbursements from certain product providers. Such payments create a conflict of interest in that SSN may receive a higher level of compensation for sales in such products… more

408(b)(2) Direct Compensation

As a “covered service provider” as defined by ERISA, we are required to disclose direct compensation that is deducted from your account. This information is provided to help responsible plan fiduciaries determine whether the contracts or arrangements they have with us are reasonable, including the compensation we receive. It is also intended to disclose any potential conflicts of interest that may affect our performance.  more

Schedule of Misc. Account and Service Fees

National Financial

Pershing