RYG Full Report Aug 2012 (PDF)

Red-Yellow-Green
Report on All SEC-Registered Investment Advisors
Securities & Exchange Commission Form ADV Data as of July 2, 2012
Report Date: August 1, 2012

© Diligence Review Corp, 2012, New York, NY, USA. All rights reserved.

Diligence Review Corp. does not market, sell, or promote any investment products. The information in this report does not constitute an offer to sell, or a solicitation of an offer
to buy, any securities or investment products. This report could serve to supplement an investor’s larger due diligence efforts. It is no substitute for a comprehensive due
diligence effort. Diligence Review Corp. does not provide legal, accounting or tax advice. The information contained in this report is for general guidance only. Due to the
changing nature of laws, rules and regulations, there may be delays, omissions or inaccuracies in information contained in this report. Diligence Review Corp. will make every
effort to ensure the accuracy and quality of information provided. The information in this report is provided with the understanding that through its transmission, Diligence
Review Corp. is not engaged in rendering legal, accounting, tax, or other professional advice or services. As such, it should not be used as a substitute for consultation with
professional legal, tax or other competent advisers. Before making any decision or taking any action, you should consult a Diligence Review Corp. professional or other
specialized professional. While we have made every attempt to ensure that the information contained in this report has been obtained from reliable sources, Diligence Review
Corp. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this report is provided "as is," with no
guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but
not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will Diligence Review Corp., the Managing Directors, the firm’s
employees, or contractors, be liable to anyone for any decision made or action taken in reliance on the information in this report or for any consequential, special or similar
damages, even if advised of the possibility of such damages. Certain links in this report connect to other websites maintained by third parties over whom Diligence Review Corp.
has no control. Diligence Review Corp. makes no representations as to the accuracy of information contained in other websites.
This report is divided into three sections, Red List, Yellow List, and Green List. Firms names appear only once in this report. Although Red List firms often have one or more
yellow flags, only the firms’ red flags are listed. Any firm that has an item disclosed in Item 11 of Form ADV will either be in the Red List or in the Yellow List, but not both.
Placement on the Green List does not necessarily mean that there are no organizational or due diligence concerns at these firms. It simply means that the most obvious red
flags and yellow flags did not turn up in a review of SEC Form ADV.

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Executive Summary of Findings
Investment advisors are those firms that offer mutual funds, ETFs, pooled and separate account management arrangements. In
general, US investment advisory firms that manage $100 million in assets or greater are required to register with the U.S. Securities
and Exchange Commission (“SEC”) via Form ADV. Our firm recently downloaded the July 2, 2012 SEC Form ADV data. The data
consisted of files from 11,622 advisors submitting Form ADV as a registered advisor.
These advisors include many private fund advisors, including hedge fund and private equity fund advisors. Venture capital advisors,
foreign private advisors, and small private fund advisors (those who manage less than $150 million) are currently classified by the
SEC as “exempt” advisors. Data relating to exempt advisors are not included in this report.
Key Findings:







A total of 11,622 investment advisors are registered with the SEC, as of July 2, 2012. These advisors have total regulatory
AUM of $49,446,235,716,391. In other words, they manage nearly $50 trillion dollars.
Red List: Of the 11,622 registered advisors, we identified 1,315 advisors (11.31%) that answered “yes” to one or more
questions that constitute a “significant adverse regulatory event” in Form ADV. Red List firms manage over $23 trillion
dollars, or 46% of all assets managed by SEC-registered investment advisors.
Yellow List: Of the 11,622 SEC-registered investment advisors, we identified 4,970 advisors (42.76%) that had a “yellow flag”
uncovered in the review of their Form ADV. Yellow List firms manage over $21 trillion dollars, or 44% of all assets managed
by SEC-registered investment advisors. Many yellow flags relate to a firm’s organizational structure, although some yellow
flags relate to adverse regulatory events disclosed on Form ADV that do not rise to the level of a red flag.
Green List: The Green List contains firms that have no significant adverse items on Form ADV. In other words, these are the
firms that do not have red or yellow flags. Of the 11,622 registered investment advisors, we identified 5,337 advisors
(45.92%) that meet these criteria. Green List firms manage over $4.7 trillion dollars, or approximately 10% of all assets
managed by SEC-registered investment advisors.

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Page 4 of 17

What is Form ADV?
U.S. investment advisory firms that manage $100 million in assets or greater are required to register with the SEC. So-called “midsized” advisors (those firms that manage between $25 million and $100 million in assets) are required to register with state
securities authorities. There are some exceptions. Mid-sized investment advisory firms with principal offices and places of business
in Wyoming and New York and are not state supervised are required to register with the SEC. For more information about mid-sized
investment advisors, please visit the SEC’s FAQ on this subject. Data related to mid-sized advisors are not included in this report.
Form ADV is the document that investment advisors use to register with the SEC and state securities authorities. Form ADV consists
of two parts. Part 1 requires information about the investment advisor’s business, ownership, clients, employees, business
practices, affiliations, and any disciplinary events of the advisor or its employees. Part 2 requires investment advisors to prepare
narrative brochures written in plain English that contain information such as the types of advisory services offered, the advisor’s fee
schedule, disciplinary information, conflicts of interest, and the educational and business background of management and key
personnel.
Those advisors that register with the SEC have their filings available to the public on the SEC’s Investment Adviser Public Disclosure
(“IAPD”) website. Although performance data are not included in the information, data about recent criminal and regulatory
violations, organizational structure and other key due diligence information is disclosed. An investment advisor’s Form ADV
information can change frequently. SEC-registered investment advisors are required to file annual amendments to Form ADV
within 90 days of the close of the investment advisor’s fiscal year. Additionally, investment advisors must update Form ADV within
30 days of any material (i.e., significant) changes at the firm.

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What is Regulatory AUM?
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) requires investment advisors to calculate
their regulatory assets under management (“regulatory AUM”). Regulatory AUM is a very complex subject and if the reader needs
to know the specifics of how this is calculated, please do further research and/or consult your legal, tax and compliance
professionals. The SEC provides a method of calculation in the instructions to Form ADV.
At its essence, regulatory AUM represents the total assets over which the asset management firm provides “continuous and regular”
oversight. Put more plainly, it’s the amount of assets on which the firm provides investment advice. When counting assets, the
investment advisor is required to include all gross assets (without deducting debt or leverage). In addition, the investment advisor
must include uncalled capital commitments, which primarily affects private equity fund advisors. In addition, all assets must be
valued at their market value or fair value. This last point poses a bit more complexity for advisors that trade in illiquid assets such as
private equity and some hedge fund advisors.
We included discretionary and non-discretionary assets that each firm listed on Form ADV. Some of the firms listed in this report
have a regulatory AUM of $0. Investment consultants, financial planners, and other firms that select investment advisors and do not
themselves provide “continuous and regular” management services to securities portfolios are among those firms that list their
regulatory AUM as $0. We included those firms in this report because these firms complete a full Form ADV and are fully registered
with the SEC.

Section 1: The Red List & Methodology
Of the 11,622 registered advisors, we identified 1,315 advisors (11.31%) that answered “yes” to one or more questions that
constitute a “significant adverse regulatory event” in Form ADV. The names of those 1,315 firms are listed in alphabetical order in
the Red List section of this report.
We consider significant adverse regulatory events to be red flags in the investor due diligence process. A “red flag” is any high risk
item that a prudent investor would seek to investigate and understand prior to investing. Although Red List firms often have one or

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more yellow flags, we list only the red flags for each Red List firm in this report. We do not include any Red List firms in the Yellow
List report.
While the Red List firms are relatively few in terms of number, these firms control nearly half of the total assets invested in
registered investment advisors. Red List firms manage over $23 trillion dollars, or 46% of all assets managed by SEC-registered
investment advisors.

WHAT IS A “SIGNIFICANT ADVERSE REGULATORY EVENT?”
There are 24 questions on the Form ADV within Item 11, a section of Form ADV that relates to the disclosure of legal and regulatory
violations. Of these 24 questions Diligence Review Corp. selected the eight that, in our view, constitute the most significant
regulatory areas. The firms listed on the Red List answered “yes” to one or more of those eight questions.
The eight questions are:
1)

In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a
domestic, foreign, or military court to any felony?

2)

In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a
domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud,
false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy
to commit any of these offenses?

3)

Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you
or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?

4)

Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related
activity?

5)

Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found
you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?

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6)

Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past
10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?

7)

Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved
in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?

8)

Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investmentrelated statues or regulations?

Significant adverse regulatory events can turn up on a record with the passage of time and sometimes, events will fall off the record.
For example, some felonies and other regulatory events need not be disclosed if they happened over 10 years prior to the filing
date.
When reviewing regulatory violations, we believe it is important to focus on the nature of the violation. Does the violation have to
do with operational issues, such as trading? Or do the violations concern a lack of disclosure to clients? Is there more than one
violation listed and if so, does this behavior represent a chronic inability of the firm to comply with regulations, including applicable
laws? We suggest that investors review the entire Form ADV to better understand the firm as a whole and better understand
regulatory violations, if any. Each answer provided by the advisors in Form ADV will take the investor along a separate path of
inquiry in the due diligence process.

WHAT IS AN AFFILIATE?
The SEC’s instructions for Form ADV contain a glossary of terms. In it, the SEC describes an “advisory affiliate” as follows:
Your advisory affiliates are:
(1) all of your officers, partners, or directors (or any person performing similar functions);
(2) all persons directly or indirectly controlling or controlled by you; and

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(3) all of your current employees (other than employees performing only clerical, administrative, support or similar
functions).
Significant adverse regulatory events may occur for the firm itself or an “advisory affiliate.” In our experience, when asked about
these events, some investment advisors begin the discussion by dismissing these events as unimportant or irrelevant. However, a
violation is listed on Form ADV only if it is relevant to the advisory firm and relevant for the investor to consider. One can consider
affiliates to be a stronger tie than merely the “company one keeps.” An affiliate is a person or company that is associated with the
advisory firm.

Section 2: The Yellow List & Methodology
We uncovered one or more “yellow flags” in the ADV Review process for the firms listed in the Yellow List section of this report. We
define a “yellow flag” as a potential risk item that a prudent investor would seek to investigate and understand prior to investing. As
described earlier in this report, red flags are high risk items. Yellow flags are other risk items.
Of the 11,622 SEC- registered investment advisors, we identified 4,970 advisors (42.76%) that had a “yellow flag” uncovered in the
review of their Form ADV. The names of those 4,970 firms are listed in alphabetical order in the Yellow List section of this report.
Yellow List firms manage just over $21 trillion dollars, or 44% of all assets managed by SEC-registered investment advisors.
Many yellow flags relate to a firm’s organizational structure, although some yellow flags relate to adverse regulatory events
disclosed on the ADV that do not rise to the level of a red flag. A “yes’ response in the following areas constitute a yellow flag.

WRAP PROGRAM SPONSOR
A wrap program is one in which an investor pays a bundled fee, generally for brokerage commissions, consulting advice and asset
management services. It is generally sold to the investor as “one stop shopping” or to provide access to “exclusive” advisors. In
reality, these arrangements limit investor choice, expose investors to numerous potential conflicts of interest by the managing
advisory firm, and generally result in a poor to mediocre investment outcome for investors. In the early 1980’s when the financial
services industry was not highly differentiated and when technological advances had not yet driven down trading costs, these
arrangements might have made sense for investors. Today, they are outdated and often serve as a way to keep investors “captive”
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to the sponsoring organization’s sales machine. As such, we view any firm sponsoring these outdated programs as a yellow flag. It
suggests to us a firm has its sales culture predominant, rather than a firm that has carefully structured its firm for its clients’ success.

OTHER BUSINESS & RELATED PARTY ACTIVITIES
A registered investment advisory firm is assigned a yellow flag if the firm or its affiliates is actively engaged in one of the following
businesses, as indicated in Item 6 or item 7 in Form ADV. We have identified the following 9 business activities as those that bring
the greatest potential for conflicts of interest with the firm’s investment advisory clients. These relationships require further
investigation to identify the specific risks to the investor client. In general, the investor must determine which business the advisor
is in, whether the firm is focused on generating performance or transactions, and whether the investor client’s interests are primary.
1. Broker-dealer: A broker-dealer is a person, company or other organization that trades securities for its own account or on
behalf of its customers. When executing trade orders on behalf of a customer, the entity is acting as a broker. When
executing trades for its own account, the entity is acting as a dealer.
2. Registered representative of a broker dealer: A “registered rep” is a person employed by a broker-dealer and who is
authorized to sell securities such as stocks, bonds, mutual funds, and limited partnership programs. Registered
representatives must be sponsored by a broker-dealer firm and pass the FINRA-administered Series 7 exam. FINRA is a selfregulatory organization that is subject to the oversight of the SEC.
3. Futures commission merchant: All registered futures commission merchants must be members of the National Futures
Association (NFA) in order to conduct futures business with the public. According to the NFA, a futures commission merchant
is an individual or organization which does both of the following: 1) solicits or accepts orders to buy or sell futures contracts,
options on futures or retail off-exchange forex contracts and 2) accepts money or other assets from customers to support
such orders.
4. Real estate broker, dealer or agent: A real estate broker or real estate agent is a person, company or organization that acts
as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and

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buyers who wish to buy. When engaging in a transaction on behalf of a customer, the entity is acting as a broker. When
executing trades for its own inventory, the entity is acting as a dealer.
5. Bank: A bank is a financial entity that accepts deposits from customers and directs those deposits into investment activities,
either by lending directly or through the capital markets. Banks are typically highly regulated and are generally subject to
minimum capital requirements.
6. Registered municipal advisor: The Dodd-Frank Act greatly expanded the definition of “municipal advisor” and these
definitions are being clarified at the time of the publication of this report. A “municipal advisor” includes anyone who solicits
or provides advice to or for a municipality or obligated person regarding municipal financial products or securities (including
their structure, timing, terms or similar aspects). The definition may also include financial advisors, guaranteed investment
contract brokers, third-party marketers, placement agents, solicitors, finders, and swap advisors that engage in municipal
advisory activities. Municipal advisors must register with the Municipal Securities Rulemaking Board (the MSRB) and the SEC
before engaging in municipal securities or advisory activities. The municipal securities market consists of securities such as
tax-exempt and taxable municipal bonds, municipal notes, and other securities issued by states, cities, and counties or their
agencies.
7. Registered security-based swap dealer: The Dodd-Frank Act greatly impacted the definition of “security-based swap dealer”
and these definitions are still being clarified at the time of the publication of this report. A “security-based swap dealer” is a
person or entity that engages in one or more of the following activities: 1) holding oneself out as a swap dealer or securitybased swap dealer; 2) making markets in swaps or security-based swaps; 3) regularly entering into swaps or security-based
swaps with counterparties in the ordinary course of business for one’s own account; or 4) engaging in activities that cause
oneself to be commonly known in the trade as a dealer or market maker in swaps or security-based swaps. A “swap” is a
financial derivative contract where a set of future cash flows are agreed to be exchanged between two counterparties at set
dates in the future.

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8. Insurance company or agency: An insurance company sells insurance to a policyholder. Insurance is a form of risk
management wherein the person or company buying the insurance policy pays a premium in exchange for transferring risk.
Insurance companies can be broadly classified into two groups: 1) life insurance companies, which sell life insurance,
annuities and retirement products. 2) non-life, general, or property/casualty insurance companies, which sell other types of
insurance that tend to extend over longer periods of time.
9. Sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles: A sponsor or
syndicator is a person or company that sells interests to investors. In this case, the interests sold are limited partnership
interests, meaning private equity investments.

INTEREST IN CLIENT TRANSACTIONS
Investment advisors are hired by investor clients because the investor wishes to gain the advisor’s expertise. In these relationships,
there is an information asymmetry, with the investment advisory firm having the information advantage over the client. Clients pay
advisors for these professional services and it should be a fair exchange. But sometimes, asset management firms like to gain more
from their clients than just the professional fees charged. Some investment advisors use their clients’ portfolios as dumping grounds
for undesirable securities owned by the firm or an affiliate of the firm. Although this has been happening for decades, the practice
gained more attention in 2008 with the auction rate securities scandals.
In Item 8 of Form ADV, firms indicate if the investment advisor or a related person also has a proprietary interest in client
transactions. A “yes” answer to either of the following two questions in Item 8 generates a yellow flag. Those Form ADV questions
are:
1. Do you or any related person buy securities for yourself from advisory clients, or sell securities you own to advisory clients
(principal transactions)?
2. Do you or any related party recommend securities (other than investment products) to advisory clients in which you or any
related person has some other propriety (ownership) interest (other than those mentioned in Items 8A(1) or (2)?

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OTHER REGULATORY ITEMS
As mentioned previously in this report, firms listed in the Red List have “significant adverse regulatory events” disclosed in one of
eight categories of Item 11 on Form ADV. A Yellow List firm answered “yes” to one of 16 other questions in Item 11 of Form ADV.
Any firm that has an item disclosed in Item 11 of Form ADV will either be in the Red List or in the Yellow List, but not both.
Yellow List firms with one or more yellow flags in this category answered “yes” to one or more of the following 16 questions:
1) In the past ten years, have you or any advisory affiliate been charged with any felony?
2) In the past ten years, have you or any advisory affiliate been charged with a misdemeanor listed in Item 11B(1)?
3) Has the SEC or the Commodity Futures Trading Commission (CFTC) ever found you or any advisory affiliate to have made a
false statement or omission?
4) Has the SEC or the Commodity Futures Trading Commission (CFTC) ever found you or any advisory affiliate to have been a
cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?
5) Has the SEC or the Commodity Futures Trading Commission (CFTC) ever imposed a civil money penalty on you or any
advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found
you or any advisory affiliate to have made a false statement or omission, or been dishonest, unfair, or unethical?
7) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found
you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business
denied, suspended, revoked, or restricted?
8) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever
denied, suspended, or revoked your or any advisory affiliate’s registration or license, or otherwise prevented you or any
advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate’s
activity?
9) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have made a false
statement or omission?

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10) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been the
cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?
11) Has any self-regulatory organization or commodities exchange ever disciplined you or any advisory affiliate by expelling or
suspending you or the advisory affiliate from membership, barring or suspending you or the advisory affiliate from
association with other members, or otherwise restricting your or the advisory affiliate’s activities?
12) Has an authorization to act as an attorney, accountant, or federal contractor granted to you or any advisory affiliate ever
been revoked or suspended?
13) Are you or any advisory affiliate now the subject of any regulatory proceeding that could result in a “yes” answer to any part
of Item 11C, 11D, or 11E?
14) Has any domestic or foreign court in the past ten years, enjoined you or any advisory affiliate in connection with any
investment-related activity?
15) Has any domestic or foreign court ever dismissed, pursuant to a settlement agreement, an investment-related civil action
brought against you or any advisory affiliate by a state or foreign financial regulatory authority?
16) Are you or any advisory affiliate now the subject of any civil proceeding that could result in a “yes” answer to any part of Item
11H(1)?

Section 3: The Green List & Methodology
The Green List is a list of firms that have no significant adverse items identified in Form ADV. In other words, these are the firms
that do not have red or yellow flags. Of the 11,622 registered investment advisors, we identified 5,337 advisors (45.92%) that met
the Green List criteria.
While the Green List is relatively large when considering the number of firms, these firms control a much smaller portion of the total
investment assets managed. Green List firms manage over $4.7 trillion dollars, or just 10% of all assets managed by SEC-registered
investment advisors.
Placement on the Green List does not necessarily mean that there are no organizational or due diligence concerns at these firms. It
simply means that the most obvious ADV Review issues did not turn up.

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How Should an Investor Use this Report?
The SEC provides useful guidance to investors on its website, including the statement: “Before you invest or pay for any investment
advice, make sure your brokers, investment advisers, and investment adviser representatives have not had disciplinary problems or
been in trouble with regulators or other investors.” We recommend that investors also periodically review Form ADV for their
current advisors.
For investors who are already working with a firm that has a “significant adverse regulatory event” on its record, the investor may
wish to investigate further the nature of the violation. The first step we recommend is to read the advisor’s full Form ADV, which
may be found by looking up the advisor’s name or SEC Number on the SEC’s website, paying special attention to the answers to all
questions in Item 11, Part 2 (the “Brochures”), Schedule A, Schedule B, Schedule D and the Disclosure Reporting Pages (“DRPs”). The
DRPs are the location in the advisor’s Form ADV that more fully describe any “yes” answer provided in Item 11.
Some very large firms have a number of affiliated companies. Although firms may often refer to affiliates in their marketing
materials as contributing to their strength, they may seek to distance themselves from violations of affiliates, if any. This report may
allow the investor to see a more complete picture of the affiliates. The investor may wish to consult legal or investment
professionals to understand the relevance of any disclosed violations on the investor’s particular investment situation.
For firms with yellow flags, we again recommend that investors read the advisor’s full Form ADV, which may be found by looking up
the advisor’s name or SEC Number on the SEC’s website. For firms with yellow flags, we recommend that investors pay special
attention to the advisor’s answers to all questions in Item 11 and the DRPs. In addition, we recommend that investors read carefully
Part 2 (the “Brochures”), Schedule A, Schedule B, Item 6, Item 7 and Item 8.
In addition, there are a number of other areas an investor should investigate in any firm, including Green List firms:


Concentration of ownership: Although each investment advisory firm is unique, when one person overwhelming controls
the firm (e.g., 75% or more) they can effectively neutralize checks and balances within the firm. Knowing who the majority
owners of the firm are helps the investor to understand who’s setting the agenda at the firm and may also help to identify
business risks. An investor can learn ownership information by examining Schedules A and B of Form ADV.

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

For private fund advisors, including hedge fund advisors: An in-depth review of Schedule D is necessary to get a grasp of the
specific funds offered by the advisor. Schedule D also lists key service providers for the private funds. Examining a hedge
fund’s service providers is critical to understanding whether related parties are acting in key roles at the funds (e.g.,
custodian or fund administrator). It is generally undesirable for related parties to serve in key service provider roles as this
weakens the fund’s checks and balances. Information is also provided in Schedule D concerning audits. An investor can
examine Schedule D to learn which firms are performing the audits and whether those audits have been accompanied by
unqualified opinions.



Legal and other background checks can catch items that might not be disclosed on Form ADV: Investors should remember
that firms can advertently or inadvertently leave information off their Form ADV, especially those items relating to private
legal actions. There are penalties if it is later discovered that a firm leaves items off the Form ADV, but for unscrupulous
firms, this is a real possibility.

For investors who believe they may be at risk, we recommend that those investors implement more detailed, specific, and relevant
due diligence practices. These practices may include:
1)

Identify those advisory relationships that pose the greatest potential risk to the investor;

2)

Structure or restructure the advisory relationship or investment in a manner that reduces the risk to the investor;

3)

Add additional independent, professional, and regular oversight, as needed; and

4)

Determine “hold” or “exit” recommendations concerning the investment, as appropriate, over time and as conditions
change.

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Final Comments
Many investment advisory firms act in many different roles for their clients (asset manager, consultant, and/or broker) and these
roles can sometimes lead to potential conflicts of interest. In our experience, some firms navigate and appropriately manage
potential conflicts of interest. Other firms demonstrate a chronic problem of not placing clients’ interests first. We believe that,
simply by design, some firms are destined to fail the investor. On the bright side, many firms are engineered from the ground up for
the success of the client.
This report is intended to highlight many facts that an investor might wish to consider when conducting due diligence of an
investment advisor. Each investor is responsible for his or her own due diligence effort and this report is no substitute for that
process. We assume the reader is considering the advisor to manage (or to continue to manage) an investor’s assets. This report
makes no statement about the quality of a firm’s brokerage or banking business. Nor does it make assessments about whether
these advisors are capable of delivering superior after-fee investment performance. However, it is our view that investing in today’s
global market is sufficiently complex without the added risk that an investment advisor might not be working in full alignment with
the investor’s interests.
Diligence Review Corp.
http://www.diligencereviewcorp.com
Jennifer A. Cooper, CFA, Managing Director
Michael K. Crist, Managing Director

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1492 CAPITAL MANAGEMENT, LLC
1914 ADVISORS
1ST GLOBAL ADVISORS INC
1ST WORLDWIDE ADVISORS, LLC.
40/86 ADVISORS, INC.
A. R. SCHMEIDLER & CO., INC.
AA CAPITAL PARTNERS, INC.
ABBOT DOWNING INVESTMENT ADVISORS
ABG CONSULTANTS
ABNER HERRMAN & BROCK, LLC
ABSOLUTE ASIA ASSET MANAGEMENT LIMITED (F/K/A IXIS AM ASIA LTD)
ABSOLUTE CAPITAL MANAGEMENT, LLC
ACCESS FINANCIAL GROUP, INC.
ACCESS FINANCIAL RESOURCES INC.
ACCRETIVE, LLC
ACIS CAPITAL MANAGEMENT, L.P.
ACM INVESTMENT ADVISOR, LLC
ACTINVER WEALTH MANAGEMENT, INC.
ADVANCED EQUITIES, INC.
ADVANTAGE ADVISERS MANAGEMENT, LLC
ADVANTAGE ADVISERS MULTI-MANAGER, L.L.C.
ADVANTAGE ADVISERS PRIVATE EQUITY MANAGEMENT LLC
ADVANTAGE INVESTMENT MANAGEMENT, LLC
ADVISED ASSETS GROUP, LLC
ADVISER INVESTMENTS
ADVISORS ASSET MANAGEMENT, INC.
AEGIS CAPITAL CORP.
AEGIS FINANCIAL CORPORATION
AEW CAPITAL MANAGEMENT LP
AFC ASSET MANAGEMENT SERVICES, INC.
AFT, FORSYTH AND COMPANY, INC.
AIG ASSET MANAGEMENT (U.S.), LLC
AKA "ANRIA" OR "ANRIA, INC."
ALCENTRA LIMITED
ALCENTRA NY, LLC
ALDUS CAPITAL, LLC
ALETHEIA RESEARCH AND MANAGEMENT INC
ALEXANDER INVESTMENT SERVICES CO.
ALLBRIGHT FINANCIAL ADVISORS INC
ALLEGHENY FINANCIAL GROUP LTD
ALLEGHENY INVESTMENTS, LTD.
ALLEN & COMPANY OF FLORIDA, INC.
ALLIANCE ADVISORY & SECURITIES, INC
ALLIANCE CONSULTING, LLC
ALLIANCE CORPORATE FINANCE GROUP INC
ALLIANCEBERNSTEIN CORPORATION
ALLIANCEBERNSTEIN GLOBAL DERIVATIVES CORPORATION
ALLIANCEBERNSTEIN HOLDING L.P.
ALLIANCEBERNSTEIN L.P.
ALLIANZ GLOBAL INVESTORS CAPITAL LLC

$91,401,592
$549,585,462
$4,379,426,709
$28,517,445
$26,881,041,744
$1,230,827,902
$99,918,297
$53,855,746
$90,500,000
$849,215,285
$717,810,000
$226,482,280
$283,416,598
$246,677,774
$441,054,719
$293,127,000
$173,215,542
$109,000,000
$867,926,632
$396,518,602
$1,916,570,770
$7,171,763
$296,720,572
$14,997,130,922
$1,365,000,000
$385,528,455
$74,199,454
$279,010,649
$22,830,784,759
$31,365,633
$550,680,306
$312,918,557,307
$205,725,026
$9,799,827,555
$3,888,184,399
$3,783,000,000
$4,233,298,722
$319,965,508
$298,773,771
$3,022,337,801
$3,022,337,801
$1,760,818,485
$201,982,489
$61,000,000
$0
$0
$0
$0
$405,896,821,645
$12,555,379,222

X
X

X
X

X
X
X

X
X
X

X
X
X

X

X
X

X

X
X
X
X
X

X

X
X

X

X
X

X
X
X
X

X
X
X
X

X
X
X
X

X
X
X
X

X
X
X
X
X
X
X

X
X
X
X
X

X

X

X

X
X
X
X
X
X
X
X

X
X
X
X

X

X

X

X
X

X
X
X
X
X
X

X
X
X
X
X
X

X
X
X

X
X
X
X

X
X
X
X
X
X

X
X
X
X
X

X
X
X
X
X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-57798
801-60167
801-68510
801-70249
801-62448
801-65375
801-65726
801-55110
801-73296
801-71496
801-73015
801-62960
801-64191
801-41518
801-70730
801-67985
801-14979
801-8074
801-66163
801-71330
801-28543
801-55153
801-55501
801-72274
801-71581
801-29930
801-72679
801-64559
801-72226
801-73152
801-74125
801-18767
801-64502
801-63738
801-65340
801-69196
801-65018
801-20784
801-72099
801-16194
801-58249
801-65228
801-71639
801-40532
801-68754
801-62103
801-14065
801-72220
801-56080
801-67131

ALLIANZ GLOBAL INVESTORS FUND MANAGEMENT LLC
ALLIANZ INVESTMENT MANAGEMENT LLC
ALLSTATE FINANCIAL ADVISORS, LLC
ALPHABET MANAGEMENT, LLC
ALPHASIMPLEX GROUP, LLC
ALPINE ASSOCIATES ADVISORS
ALPINE ASSOCIATES MANAGEMENT INC.
ALPINE WOODS CAPITAL INVESTORS, LLC
ALTARIS CAPITAL PARTNERS, LLC
ALTEGRIS ADVISORS, LLC
ALTEGRIS FUNDS
ALTERNATIVE INVESTMENT SOLUTIONS
ALTERNATIVE STRATEGIES GROUP, INC.
AMERICAN BLUE CHIP INVESTMENT MANAGEMENT
AMERICAN EQUITY ADVISORS, INC.
AMERICAN PEGASUS LDG, LLC
AMERICAN RESEARCH & MANAGEMENT CO
AMERICAN UNITED LIFE INSURANCE COMPANY
AMERICAN WEALTH MANAGEMENT, INC.
AMERIGO ASSET MANAGEMENT CORPORATION
AMERIPRISE FINANCIAL SERVICES, INC.
AMERITAS INVESTMENT CORP
AMERIVEST INVESTMENT MANAGEMENT, LLC
AMUNDI INVESTMENTS USA, LLC
ANDREW GARRETT, INC.
ANNACO INVESTMENT MANAGEMENT
AON HEWITT FINANCIAL ADVISORS, LLC
AON RETIREMENT PLAN ADVISORS, LLC
APIDOS CAPITAL MANAGEMENT, LLC
APPALOOSA MANAGEMENT L.P.
ARCHON GROUP, L.P.
ARIEL INVESTMENTS, LLC
ARISTEIA CAPITAL, LLC
ARVEST ASSET MANAGEMENT
ASCEND CAPITAL LLC
ASCENT INVESTMENT ADVISORS, LLC
ASCENTIA CAPITAL PARTNERS, LLC
ASSET & FINANCIAL PLANNING, LTD
ASSET ADVISORS OF AMERICA, LLC
ASSET MANAGEMENT CORP
ASSET MANAGEMENT SERVICES, INC.
ASSET VALUE INVESTORS LIMITED
ASSOCIATED INVESTMENT SERVICES, INC.
AST INVESTMENT SERVICES, INC.
ASTERA FINANCIAL GROUP, LLC
AURORA INVESTMENT MANAGEMENT L.L.C.
AXA ADVISORS, LLC
AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC
AXA ROSENBERG INVESTMENT MANAGEMENT LLC
AXIOM INVESTMENT MANAGEMENT LLC

$48,095,078,938
$14,325,202,865
$0
$3,298,770,035
$3,527,739,529
$4,015,399,074
$3,402,159,164
$5,167,654,184
$596,100,000
$1,517,702,321
$263,171,894
$26,795,600,000
$2,789,854,145
$39,365,474
$24,258,594,647
$0
$295,576,222
$5,565,734,762
$103,152,910
$5,500,000
$103,385,339,354
$1,916,841,587
$1,702,386,259
$4,110,022,025
$62,024,746
$91,895,990
$768,132,085
$6,697,037
$5,549,802,489
$14,605,972,000
$9,991,463,386
$4,383,718,404
$2,584,137,207
$793,532,947
$4,860,484,955
$30,000,000
$34,418,325
$589,939,176
$0
$93,571,504
$37,000,000
$2,257,985,816
$110,381,340
$101,611,429,776
$333,000,000
$11,617,896,876
$9,090,257,764
$126,173,028,787
$290,607,350
$150,400,556

X

X
X
X

X

X

X
X

X
X
X

X
X

X
X

X

X
X
X

X

X

X

X

X

X

X

X
X
X

X

X

X

X

X

X
X
X

X
X

X
X

X
X
X
X
X

X
X

X

X

X
X

X
X
X
X
X
X
X

X

X
X
X
X

X
X

X

X

X

X

X
X
X

X

X
X
X
X

X

X
X
X
X
X

X
X
X

X
X
X
X

X

X

X

X
X
X

X
X
X

X
X

X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-19699
801-73074
801-241
801-64916
801-21051
801-29654
801-63671
801-69238
801-56539
801-64612
801-69666
801-57737
801-68489
801-73720
801-25587
801-27754
801-29080
801-72483
801-60464
801-29606
801-67092
801-72475
801-69700
801-73526
801-56176
801-4611
801-15160
801-18656
801-56082
801-69396
801-56131
801-57962
801-62704
801-29862
801-62290
801-34305
801-30987
801-61433
801-67134
801-68608
801-62277
801-56469
801-57022
801-62775
801-68856
801-64260
801-47710
801-57038
801-48433
801-22609

B. C. ZIEGLER AND COMPANY
BABSON CAPITAL GLOBAL ADVISORS LIMITED
BABSON CAPITAL MANAGEMENT LLC
BAILLIE GIFFORD INTERNATIONAL LLC
BAILLIE GIFFORD OVERSEAS LTD
BAINCO INTERNATIONAL INVESTORS LLC
BAIRD ASIA PARTNERS MANAGEMENT COMPANY I, L.L.C.
BAIRD CAPITAL PARTNERS ASIA MANAGEMENT I LIMITED PARTNERSHIP
BAIRD CAPITAL PARTNERS MANAGEMENT COMPANY III, LLC
BAIRD CAPITAL PARTNERS MANAGEMENT COMPANY IV, LLC
BAIRD CAPITAL PARTNERS MANAGEMENT COMPANY V, LLC
BAIRD VENTURE PARTNERS MANAGEMENT COMPANY I, L.L.C.
BAIRD VENTURE PARTNERS MANAGEMENT COMPANY III, LLC
BAKER CAPITAL CORP.
BALDWIN & CLARKE ADVISORY SERVICES, INC.
BALTIMORE WASHINGTON FINANCIAL ADVISORS INC
BAMCO, INC.
BAML CAPITAL ACCESS FUNDS MANAGEMENT, LLC
BANK OF AMERICA CAPITAL ADVISORS LLC
BANK OF IRELAND ASSET MANAGEMENT (U.S.) LTD.
BANYAN PARTNERS, LLC
BARCLAYS ASSET MANAGEMENT GROUP LLC
BARCLAYS CAPITAL INC.
BARCLAYS PRIVATE CREDIT PARTNERS LLC
BARING ASSET MANAGEMENT (ASIA) LIMITED
BARING ASSET MANAGEMENT LLC
BARING INTERNATIONAL INVESTMENT LTD
BARON CAPITAL MANAGEMENT, INC.
BARR ROSENBERG RESEARCH CENTER LLC
BAYVIEW INVESTMENT COUNSEL, INC
BBVA WEALTH SOLUTIONS INC.
BEACON FINANCIAL GROUP
BEACON WEALTH MANAGEMENT, LLC
BEAR STEARNS ASSET MANAGEMENT INC.
BELLE HAVEN INVESTMENTS, L.P.
BENCHMARK CAPITAL ADVISORS
BENJAMIN SECURITIES, INC.
BERKSHIRE ADVISORS, INC.
BERNARD L. MADOFF INVESTMENT SECURITIES LLC
BERNARDI ASSET MANAGEMENT, LLC
BERTHEL FISHER & COMPANY FINANCIAL SERVICES, INC.
BERWYN FINANCIAL SERVICES CORP.
BFT FINANCIAL GROUP, LLC
BIONDO INVESTMENT ADVISORS LLC
BISHOP & COMPANY INVESTMENT MANAGEMENT, LLC
BLACKROCK KELSO CAPITAL ADVISORS LLC
BLACKROCK ADVISORS, LLC
BLACKROCK CAPITAL MANAGEMENT, INC.
BLACKROCK FINANCIAL MANAGEMENT, INC
BLACKROCK FUND ADVISORS

$317,360,037
$231,941,426
$100,623,161,754
$0
$77,341,077,594
$451,864,575
$22,586,903
$29,401,575
$31,939,005
$174,543,982
$106,833,523
$52,295,601
$73,162,613
$511,609,946
$122,783,694
$276,949,577
$15,731,528,409
$667,252,660
$3,579,254,526
$0
$1,109,824,290
$2,369,019,137
$12,038,139,389
$1,003,511,656
$8,187,464,746
$6,417,780,214
$10,877,637,161
$1,334,882,887
$20,884,166,424
$37,450,437
$443,480,831
$328,000,000
$237,579,529
$1,392,869,653
$1,047,438,763
$304,318,839
$47,759,650
$14,660,000
$17,091,640,696
$111,274,795
$630,430,000
$9,100,248
$321,535,244
$351,779,093
$103,690,395
$1,091,175,327
$399,091,822,952
$44,822,220,656
$574,757,232,488
$494,356,268,543

X

X

X
X
X
X
X
X

X

X
X

X
X
X
X
X
X
X
X

X

X

X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X

X
X
X
X

X
X
X
X

X
X
X

X

X

X
X

X

X
X

X

X

X
X
X
X
X
X
X
X

X
X

X
X
X

X

X
X
X

X
X

X
X
X

X
X
X
X

X

X

X
X
X
X
X

X
X
X
X
X

X
X
X
X
X
X
X
X

X
X
X

X
X
X
X
X

X
X
X
X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-51087
801-56972
801-54217
801-57237
801-69758
801-15483
801-73047
801-64847
801-14882
801-69636
801-50372
801-70049
801-53600
801-72493
801-71662
801-64901
801-60229
801-68519
801-44173
801-39088
801-68768
801-44394
801-62276
801-69742
801-66123
801-70688
801-72031
801-70596
801-69070
801-68010
801-14895
801-60634
801-26326
801-30781
801-32111
801-70605
801-8293
801-65646
801-42709
801-29688
801-67787
801-66098
801-9219
801-70036
801-63930
801-64117
801-55780
801-60841
801-64792
801-35935

BLACKROCK INTERNATIONAL LIMITED
BLACKROCK INVESTMENT MANAGEMENT, LLC
BLACKROCK REALTY ADVISORS INC
BLUE OAK CAPITAL LLC
BLUECREST CAPITAL MANAGEMENT LLP
BMI CAPITAL LLC
BMO CAPITAL MARKETS CORP.
BMO HARRIS FINANCIAL ADVISORS, INC
BNP PARIBAS ASSET MANAGEMENT, INC.
BNY MELLON ARX INVESTIMENTOS LTDA
BOFA ADVISORS, LLC
BONDWAVE ADVISORS
BOSC, INC.
BOSTON STANDARD WEALTH MANAGEMENT, LLC
BOULDER INVESTMENT GROUP, LLC
BOUSSARD & GAVAUDAN ASSET MANAGEMENT LP
BPU INVESTMENT MANAGEMENT, INC.
BRADLEY WEALTH MANAGEMENT, LLC
BRANSON FOWLKES & CO INC
BRANSON FOWLKES RUSSELL INC
BREWER INVESTMENT ADVISORS LLC
BRIDGEWAY CAPITAL MANAGEMENT INC
BRIGHTON SECURITIES CORP.
BROKERS INTERNATIONAL FINANCIAL SERVICES, LLC
BROKERSXPRESS LLC
BROOKFIELD ASSET MANAGEMENT PIC CANADA, LP
BROOKFIELD ASSET MANAGEMENT PIC US, LLC
BROOKLYN CAPITAL MANAGEMENT, LLC
BROOKSIDE CAPITAL, LLC
BROOKSTONE CAPITAL MANAGEMENT LLC
BTS ASSET MANAGEMENT, INC.
BUCHANAN STREET PARTNERS
BUCKINGHAM CAPITAL MANAGEMENT INC
BUDGE FINANCIAL INC
BURGESS CHAMBERS & ASSOCIATES INC
BURKE-LESLIE PROFESSIONAL ASSET MANAGEMENT, LLC
BURNHAM ASSET MANAGEMENT CORP
BURNHAM SECURITIES INC
CADARET GRANT & CO INC
CALAMOS ADVISORS LLC
CALAMOS WEALTH MANAGEMENT LLC
CALDWELL SECURITIES, INCORPORATED
CALLAN ASSOCIATES INC.
CALTON & ASSOCIATES, INC.
CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.
CAMBRIDGE LEGACY ADVISORS, INC.
CAMERON MURPHY & SPANGLER INC
CANTELLA & CO., INC.
CAPITAL CITY ASSET MANAGEMENT GROUP, LLC
CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP

$49,701,762,158
$271,789,563,951
$0
$260,236,144
$63,639,769,455
$313,045,200
$3,000,000,000
$891,546,510
$20,807,366,385
$5,508,666,947
$78,604,315,957
$0
$160,054,539
$60,795,000
$60,895,430
$1,701,614,519
$500,877,702
$39,200,000
$204,000,000
$0
$377,560,419
$1,984,243,337
$57,130,250
$86,242,025
$829,141,012
$6,000,000,000
$26,160,000,000
$408,339,055
$11,188,000,000
$363,977,552
$1,519,182,406
$579,673,602
$1,551,317,116
$117,806,485
$0
$6,855,444
$477,132,518
$85,781,293
$2,100,160,707
$32,249,310,803
$901,679,201
$98,070,499
$3,487,792,458
$76,390,176
$20,892,307,350
$130,000,000
$74,283,292
$615,876,718
$27,912,499
$4,340,613,889

X
X
X

X
X
X

X
X
X

X
X
X
X
X
X
X

X
X

X

X

X

X
X

X

X
X
X

X

X
X
X
X
X
X
X

X

X
X

X

X

X

X

X

X
X
X

X
X
X

X

X

X
X
X

X

X
X
X

X

X
X

X

X

X

X

X
X
X
X

X

X
X

X
X

X

X

X

X

X

X

X

X

X

X
X
X
X
X
X
X

X
X
X
X
X

X
X
X

X
X
X
X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-63969
801-72532
801-69846
801-36824
801-61042
801-40001
801-17691
801-20826
801-70333
801-41033
801-17695
801-73004
801-71905
801-71345
801-60758
801-74214
801-65968
801-63093
801-72366
801-64239
801-72923
801-60343
801-60138
801-60606
801-56332
801-61902
801-74484
801-56882
801-17274
801-43561
801-52094
801-70987
801-29938
801-35905
801-36407
801-7333
801-69779
801-72494
801-9707
801-72883
801-9678
801-73075
801-70860
801-72524
801-71561
801-60990
801-72542
801-3387
801-71181
801-67527

CAPITAL GUARDIAN WEALTH MANAGEMENT, LLC
CAPITAL INVESTMENT ADVISORS, LLC
CAPITAL INVESTMENT ADVISORY SERVICES, LLC
CAPITAL INVESTMENT COUNSEL INC
CAPITAL INVESTMENT MANAGEMENT
CAPITAL MANAGEMENT ADVISORS INC
CAPITAL MANAGEMENT ASSOCIATES INC
CAPITAL STRATEGY GROUP LTD
CAPITAL WEALTH PLANNING, LLC
CAPITOL SECURITIES MANAGEMENT, INC.
CAPSTONE ASSET MANAGEMENT COMPANY
CAPSTONE INVESTMENT ADVISORS, LLC
CAREY, THOMAS, HOOVER & BREAULT ADVISORS
CARL M. LOEB ADVISORY PARTNERS L.P.
CARLSON CAPITAL, L.P.
CARMEL MANAGEMENT III, LLC
CAROLINA CAPITAL CONSULTING, INC.
CARRET ASSET MANAGEMENT, LLC
CARRINGTON CAPITAL MANAGEMENT, LLC
CARY STREET PARTNERS INVESTMENT ADVISORY LLC
CASTLE CREEK ADVISORS IV LLC
CAUSEWAY CAPITAL MANAGEMENT LLC
CAVANAL HILL INVESTMENT MANAGEMENT, INC.
CAZ INVESTMENTS L.P.
CBIZ RETIREMENT PLAN SERVICES
CCO INVESTMENT SERVICES CORP.
CENTAURUS CAPITAL
CENTAURUS FINANCIAL, INC.
CENTURY FUNDS MANAGEMENT INC
CENTURY SECURITIES ASSOCIATES INC
CENTURYLINK INVESTMENT MANAGEMENT COMPANY
CHAPIN DAVIS ASSET MANAGEMENT
CHARLES SCHWAB & CO., INC.
CHARLES SCHWAB INVESTMENT MANAGEMENT, INC
CHASE INVESTMENT SERVICES CORP.
CHELSEA MANAGEMENT COMPANY
CHELSEA MORGAN ADVISORS LLC
CI GLOBAL HOLDINGS INC.
CIBC GLOBAL ASSET MANAGEMENT INC.
CIFC ASSET MANAGEMENT LLC
CINCINNATI ANALYSTS, INC
CION INVESTMENT MANAGEMENT, LLC
CITADEL ADVISORS LLC
CITI CAPITAL ADVISORS LIMITED
CITI PRIVATE ADVISORY, LLC
CITIGROUP ALTERNATIVE INVESTMENTS LLC
CITIGROUP FIRST INVESTMENT MANAGEMENT AMERICAS LLC
CITIGROUP GLOBAL MARKETS INC.
CITY NATIONAL SECURITIES, INC.
CITY SECURITIES CORPORATION

$411,617,666
$885,381,533
$140,071,989
$1,873,269,360
$82,602,169
$96,467,612
$188,825,334
$35,396,828
$302,000,000
$303,202,000
$3,486,198,165
$3,696,308,353
$188,142,751
$0
$13,688,515,417
$3,282,200,000
$142,170,050
$1,530,000,000
$650,852,757
$738,280,253
$423,752,000
$13,880,216,891
$6,589,699,017
$313,200,000
$4,982,739,307
$1,173,802,381
$1,507,633,282
$469,941,097
$53,644,130
$284,932,746
$17,264,134,503
$609,921,939
$0
$214,842,000,000
$29,852,041,557
$920,574,353
$0
$3,083,654,606
$66,183,429,693
$7,432,996,948
$2,080,000,000
$0
$115,208,973,792
$1,951,000,000
$2,401,958,421
$18,051,000,000
$0
$21,243,954,278
$212,909,000
$537,165,111

X
X

X
X

X

X
X
X
X

X
X
X
X
X
X

X
X

X

X
X

X

X

X
X
X
X

X
X
X

X
X

X

X
X
X

X
X

X

X

X

X

X

X

X

X

X
X

X
X
X

X
X
X

X
X
X
X
X
X
X

X

X
X
X

X

X

X
X
X
X

X
X
X
X

X
X

X

X
X

X
X
X

X

X

X

X
X

X
X

X

X

X
X
X

X
X
X

X

X

X
X
X

X
X

X
X
X

X
X
X
X
X

X

X
X
X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-68399
801-72937
801-55574
801-57265
801-71900
801-39379
801-48611
801-25943
801-41391
801-64897
801-66509
801-41541
801-56201
801-71429
801-61068
801-72184
801-72959
801-72666
801-67992
801-67705
801-74519
801-56975
801-18641
801-64791
801-36806
801-70784
801-67167
801-73394
801-67120
801-63659
801-63182
801-51633
801-71843
801-60153
801-56260
801-40177
801-37170
801-62782
801-60767
801-56264
801-72062
801-62434
801-67493
801-67246
801-57663
801-40916
801-73569
801-66538
801-41265
801-71215

CLEAN ENERGY CAPITAL, LLC
CLEARVIEW ADVISORS, INC.
CLEARY GULL INC.
CLS INVESTMENTS, LLC
CMS FUND ADVISERS, LLC
COLDSTREAM CAPITAL MANAGEMENT INC
COLLEY ASSET MANAGEMENT, INC.
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
COLUMBIA WANGER ASSET MANAGEMENT, LLC
COMERICA SECURITIES
COMMERCE BROKERAGE SERVICES, INC
COMMONWEALTH FINANCIAL NETWORK
COMMUNITY CAPITAL MANAGEMENT, INC.
COMMUNITY INVESTMENT PARTNERS
COMPREHENSIVE CAPITAL MANAGEMENT, INC.
CONCEPT ASSET MANAGEMENT
CONCERT ADVISORS
CONCERT CAPITAL MANAGEMENT
CONCERT WEALTH MANAGEMENT
CONCORD EQUITY GROUP ADVISORS, LLC
CONCORDE ASSET MANAGEMENT, LLC
CONLEY INVESTMENT COUNSEL INC
CONNING ASSET MANAGEMENT
CONSULTING GROUP ADVISORY SERVICES LLC
CONSULTING SERVICES GROUP, LLC
CONTINUITY PARTNERS GROUP, LLC
CONVERGEX EXECUTION SOLUTIONS LLC
CONVERSUS ASSET MANAGEMENT, LLC
CORBY ASSET MANAGEMENT
CORNERSTONE ASSET MANAGEMENT
CORNERSTONE CAPITAL MANAGEMENT
CORNERSTONE REAL ESTATE ADVISERS LLC
COVARIANCE CAPITAL MANAGEMENT, INC.
CREATIVE FINANCIAL DESIGNS, INC.
CREDIT SUISSE (BERMUDA) LIMITED
CREDIT SUISSE ASSET MANAGEMENT LIMITED
CREDIT SUISSE ASSET MANAGEMENT, LLC
CREDIT SUISSE HEDGING-GRIFFO SERVIOS INTERNACIONAIS S.A.
CREDIT SUISSE PRIVATE ADVISORS
CREDIT SUISSE SECURITIES (USA) LLC
CRF FINANCIAL GROUP
CRI SECURITIES, LLC
CRISPIAN VENTURE CAPITAL, LLC
CROWELL, WEEDON & CO.
CROWN CAPITAL SECURITIES, L.P.
CS CAPITAL MANAGEMENT INC
CTC FUND MANAGEMENT, L.L.C.
CUE FINANCIAL GROUP, INC.
CUMBERLAND ASSOCIATES INVESTMENT COUNSEL INC.
CUMMINGS BAY CAPITAL MANAGEMENT, L.P.

$54,080,094
$0
$841,317,000
$10,999,790,803
$141,424,538
$1,118,785,004
$104,650,630
$300,515,811,231
$29,637,465,000
$389,787,896
$138,900,000
$27,737,959,102
$1,503,158,641
$135,974,030
$501,021,937
$229,872,074
$0
$27,269,092
$1,229,548,502
$0
$36,142,377
$91,995,628
$84,814,036,000
$6,169,831,189
$22,511,292,027
$0
$0
$2,149,900,000
$291,185,757
$21,902,665
$26,696,539
$21,649,594,069
$1,057,728,573
$524,332,000
$119,193,073
$4,577,585,297
$65,602,860,000
$2,500,000,000
$461,490,860
$14,573,062,575
$356,000,000
$514,780,385
$0
$829,009,941
$415,569,115
$2,075,955,277
$302,000,000
$164,772,670
$107,000,000
$173,402,205

X

X
X

X

X

X
X
X
X

X
X
X
X

X
X

X
X

X

X
X

X
X

X
X

X
X
X

X
X

X
X

X
X
X

X
X
X

X

X
X
X
X
X
X
X
X

X

X
X

X

X

X

X
X
X

X

X
X
X

X

X
X

X
X

X
X
X
X

X

X

X
X
X
X

X
X
X
X

X

X

X

X

X

X

X
X
X
X
X
X
X
X

X
X
X
X
X
X
X
X
X
X
X
X

X
X
X
X

X
X
X
X

X

X

X
X
X

X
X
X
X

X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-60099
801-61122
801-63553
801-60300
801-69737
801-56171
801-69171
801-64222
801-45761
801-56572
801-56278
801-73239
801-68541
801-31747
801-13057
801-67588
801-53272
801-31648
801-38089
801-71808
801-67166
801-35030
801-53728
801-70846
801-32108
801-66962
801-60486
801-66274
801-66285
801-60912
801-20289
801-9638
801-252
801-57743
801-55047
801-54930
801-65260
801-72615
801-32675
801-42910
801-60809
801-72947
801-72946
801-63247
801-69878
801-68000
801-62870
801-73232
801-35768
801-61795

CUNA BROKERAGE SERVICES, INC.
CURIAN CAPITAL, LLC
CURRAN INVESTMENT MANAGEMENT
CUSO FINANCIAL SERVICES, L.P.
CWCAPITAL INVESTMENTS LLC
D. E. SHAW & CO., L.P.
D. E. SHAW DIRECT CAPITAL, L.L.C.
D. E. SHAW INVESTMENT MANAGEMENT, L.L.C.
D.A. DAVIDSON & CO.
DALTON INVESTMENTS LLC
DANIEL FRISHBERG FINANCIAL SERVICES, INC.
DARBY OVERSEAS PARTNERS, L.P.
DARIUS CAPITAL PARTNERS SAS
DATATEX INVESTMENT SERVICES INC
DAVENPORT & COMPANY LLC
DAVID A. NOYES & COMPANY
DAVIS SELECTED ADVISERS - NY, INC.
DAVIS SELECTED ADVISERS LP
DB INVESTMENT MANAGERS, INC
DBX ADVISORS LLC
DBX STRATEGIC ADVISORS LLC
DECLARATION MANAGEMENT & RESEARCH LLC
DEERFIELD CAPITAL MANAGEMENT LLC
DELAWARE CAPITAL MANAGEMENT ADVISERS, INC
DELAWARE MANAGEMENT BUSINESS TRUST
DELTA GLOBAL ASSET MANAGEMENT
DELTA PARTNERS LLC
DEUTSCHE ALTERNATIVE ASSET MANAGEMENT (GLOBAL) LIMITED
DEUTSCHE ASSET MANAGEMENT (HONG KONG) LIMITED
DEUTSCHE ASSET MANAGEMENT (JAPAN) LIMITED
DEUTSCHE ASSET MANAGEMENT INTERNATIONAL GMBH
DEUTSCHE BANK SECURITIES INC.
DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC.
DEUTSCHE INVESTMENTS AUSTRALIA LIMITED
DIAM CO., LTD.
DIAM U.S.A., INC.
DIAMONDBACK CAPITAL MANAGEMENT, LLC
DIAPASON COMMODITIES MANAGEMENT S.A.
DIRECTED SERVICES LLC
DIVERSIFIED INVESTMENT ADVISORS, INC.
DKR CAPITAL PARTNERS L.P.
DME ADVISORS, LP
DME CAPITAL MANAGEMENT, LP
DOMINICK & DOMINICK LLC
DOMINION WEALTH ADVISORS, INC.
DONNELLY STEEN & COMPANY
DORION-GRAY RETIREMENT PLANNING, INC.
DORSET MANAGEMENT CORPORATION
DORSEY & COMPANY INC.
DU PASQUIER ASSET MANAGEMENT

$339,064,045
$6,823,892,866
$215,000,000
$469,215,000
$9,253,365,818
$49,315,000,000
$784,000,000
$7,298,000,000
$6,167,129,989
$1,924,303,043
$175,030,000
$1,855,042,950
$0
$31,000,000
$4,714,867,797
$320,770,903
$48,400,000,000
$55,291,000,000
$3,682,528,305
$44,000,000
$122,100,000
$9,137,750,812
$6,441,123,056
$0
$169,209,632,233
$513,224,513
$404,578,173
$5,714,401,296
$2,081,930,662
$7,423,575,990
$83,388,754,545
$5,947,049,689
$240,838,957,273
$252,044,026
$125,430,099,920
$3,167,936,669
$5,475,343,561
$2,230,741,602
$37,542,503,934
$4,399,388,432
$14,900,822
$1,775,086,039
$1,813,626,935
$321,908,889
$113,294,921
$270,601,215
$65,981,713
$1,440,342,799
$219,557,000
$42,511,826

X
X

X
X

X
X
X
X
X

X

X
X
X

X

X

X
X
X
X
X
X
X

X
X
X
X

X

X

X

X

X
X

X
X

X

X

X

X

X

X

X
X
X
X
X

X
X
X
X
X
X
X
X

X

X

X
X
X
X

X
X
X
X

X
X
X
X
X
X
X
X
X
X
X

X
X
X

X

X
X
X
X
X
X
X

X
X
X
X
X
X
X

X

X

X
X
X

X
X

X
X

X
X
X
X

X
X
X
X
X
X
X
X
X

X
X
X
X

X

X

X
X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-61009
801-68820
801-25803
801-71529
801-14051
801-63284
801-21343
801-32987
801-70309
801-70305
801-64567
801-3297
801-21675
801-65725
801-34761
801-70630
801-67147
801-56399
801-73640
801-65549
801-73130
801-66016
801-55355
801-67638
801-48596
801-41722
801-62242
801-70990
801-72140
801-71199
801-70276
801-63516
801-72770
801-44724
801-62504
801-72944
801-72144
801-73662
801-63810
801-20514
801-34612
801-70438
801-74321
801-68779
801-34590
801-69507
801-69571
801-28773
801-7884
801-33091

DUKE FUNDING MANAGEMENT, L.L.C.
DUNCAN-WILLIAMS, INC.
DUNHAM & ASSOCIATES INVESTMENT COUNSEL, INC.
DUNMOYLE CAPITAL ADVISORS, LLC
E. MAGNUS OPPENHEIM & CO. INC.
EACM ADVISORS LLC
EAGLE ASSET MANAGEMENT INC
EAGLE STRATEGIES LLC
EAGLE TRADING SYSTEMS INC.
EAM INVESTORS, LLC
EDELMAN FINANCIAL SERVICES LLC
EDWARD JONES
EIDELMAN VIRANT CAPITAL
EJF CAPITAL LLC
ELEY FINANCIAL MANAGEMENT, INC.
ELLINGTON FINANCIAL MANAGEMENT LLC
ELLINGTON GLOBAL ASSET MANAGEMENT, LLC
ELLINGTON MANAGEMENT GROUP, L.L.C.
ELLIOTT MANAGEMENT CORPORATION
EMF FINANCIAL PRODUCTS LLC
EMPYREAL INVESTMENTS, LLC
EMSO PARTNERS LIMITED
ENVISION CAPITAL MANAGEMENT LTD
EQUITY ADVISORS OF KENTUCKY INC
ERNST & YOUNG INVESTMENT ADVISERS LLP
ESI FINANCIAL ADVISORS
ESSEX FINANCIAL SERVICES, INC.
ESSEX NATIONAL SECURITIES, INC.
EULAV ASSET MANAGEMENT
EURO PACIFIC ASSET MANAGEMENT, LLC
EURO PACIFIC CAPITAL, INC.
EUROPEAN CREDIT MANAGEMENT LIMITED
EVEREST ADVISORY
F&C MANAGEMENT LIMITED
FAIRFIELD GREENWICH ADVISORS LLC
FAIRHILLS CAPITAL MANAGEMENT LLC
FAIRWAY ASSET MANAGEMENT, LLC
FALCON E & P OPPORTUNITIES GP, LLC
FARAH FINANCIAL SERVICES, LLC
FCA CORP
FEDERATED INVESTMENT MANAGEMENT COMPANY
FEDERATED SECURITIES CORP.
FELIX ADVISORS LLC
FELTL ADVISORS
FIDELITY INVESTMENTS MONEY MANAGEMENT, INC.
FIDELITY MANAGEMENT & RESEARCH (HONG KONG) LIMITED
FIDELITY MANAGEMENT & RESEARCH (JAPAN) INC.
FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
FIDELITY MANAGEMENT & RESEARCH COMPANY
FIDUCIARY CONSULTANTS INC

$1,471,433,693
$30,043,423
$934,611,517
$107,382,928
$43,500,000
$4,307,185,515
$15,901,719,678
$1,622,398,586
$481,159,250
$322,127,296
$7,106,100,000
$68,638,718,040
$201,000,000
$1,748,628,621
$144,876,598
$1,968,055,000
$175,567,758
$6,047,988,727
$29,762,032,247
$13,048,114,507
$0
$1,266,000,000
$138,930,622
$51,750,327
$0
$728,338,823
$1,840,031,763
$30,771,441
$2,113,209,083
$573,194,476
$282,740,289
$9,465,882,387
$0
$23,232,000,000
$362,000,000
$25,000,000
$0
$163,200,000
$50,000,000
$396,219,105
$273,284,036,380
$0
$219,255,504
$93,780,500
$602,455,357,805
$7,156,640,977
$0
$13,482,090,388
$1,046,701,693
$0

X
X
X
X
X

X
X

X

X
X
X

X

X

X

X
X

X

X
X
X

X

X
X
X
X
X

X

X
X
X
X
X
X
X
X
X

X
X
X
X

X

X
X

X
X
X

X

X

X

X

X

X
X
X

X
X
X

X
X
X
X
X
X

X
X

X

X

X

X
X
X
X
X
X
X

X
X
X

X
X

X
X
X

X
X
X
X
X
X

X
X
X
X
X
X

X
X
X
X
X

X
X
X
X
X

X
X
X
X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-18352
801-56086
801-68513
801-11184
801-63623
801-69221
801-64353
801-72139
801-68836
801-47342
801-57393
801-76219
801-73500
801-66653
801-47805
801-56942
801-66208
801-50659
801-63970
801-46595
801-42427
801-12411
801-71759
801-67927
801-40189
801-68049
801-69352
801-3447
801-67749
801-13545
801-67696
801-57293
801-71605
801-49761
801-62982
801-69970
801-66892
801-56788
801-62071
801-61582
801-26292
801-51967
801-52152
801-53068
801-68606
801-60684
801-71881
801-55170
801-71877
801-60477

FIDUCIARY INTERNATIONAL INC
FIDUCIARY INVESTMENT MANAGEMENT INTERNATIONAL, INC.
FIDUCIARY PARTNERS INVESTMENT CONSULTING, LLC
FIFTH THIRD ASSET MANAGEMENT, INC.
FIFTH THIRD SECURITIES, INC.
FINANCIAL ADVISERS OF AMERICA, LLC
FINANCIAL CONCEPTS
FINANCIAL GUARD, LLC
FINANCIAL LEGACY ASSOCIATES
FINANCIAL NETWORK INVESTMENT CORPORATION
FINANCIAL WEST GROUP
FINANCIÈRE DE L'ECHIQUIER
FIREBIRD MANAGEMENT
FIRST ALLIED ADVISORY SERVICES, INC.
FIRST ALLIED SECURITIES, INC.
FIRST COMMAND FINANCIAL PLANNING, INC.
FIRST DALLAS SECURITIES, INC.
FIRST EAGLE INVESTMENT MANAGEMENT, LLC
FIRST FINANCIAL EQUITY CORPORATION
FIRST HEARTLAND CONSULTANTS, INC.
FIRST INTERNATIONAL ADVISORS, LLC
FIRST MANHATTAN CO
FIRST REPUBLIC SECURITIES COMPANY, LLC
FIRST SANTA FE ADVISORS, LLC
FIRST SOUTHWEST ASSET MANAGEMENT INC
FIRST TENNESSEE ADVISORY SERVICES, INC.
FLUENT WEALTH PARTNERS
FMR CO., INC.
FMSI ADVISERS
FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC.
FOLGER NOLAN FLEMING DOUGLAS INCORPORATED
FOOTHILL SECURITIES, INC.
FORESIGHT WEALTH MANAGEMENT, LLC
FORT PITT CAPITAL GROUP INC
FORTRESS INVESTMENT GROUP
FORUM FINANCIAL MANAGEMENT, LLC
FOUNDERS FINANCIAL SECURITIES, LLC
FOUNDING PARTNERS CAPITAL MANAGEMENT COMPANY
FOUR CORNERS CAPITAL MANAGEMENT, LLC
FPC SERVICES, INC.
FRANKLIN ADVISERS, INC.
FRANKLIN ADVISORY SERVICES, LLC
FRANKLIN INVESTMENT ADVISORY SERVICES, LLC
FRANKLIN MUTUAL ADVISERS, LLC
FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA) PRIVATE LIMITED
FRANKLIN TEMPLETON INSTITUTIONAL, LLC
FRANKLIN TEMPLETON INVESTIMENTOS (BRASIL) LTDA.
FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED
FRANKLIN TEMPLETON INVESTMENT TRUST MANAGEMENT CO., LTD.
FRANKLIN TEMPLETON INVESTMENTS (ASIA) LIMITED

$144,080,864
$437,321,234
$0
$14,634,056,830
$375,914,465
$140,000,000
$56,399,171
$0
$32,750,000
$10,296,966,165
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$5,400,000,000
$1,359,276,410
$851,285,131
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$149,302,271
$65,512,911,405
$1,298,690,000
$645,311,971
$6,924,069,809
$14,605,000,000
$0
$218,923,805
$6,462,998,491
$2,901,019,622
$110,000,000
$606,991,083,715
$121,776,420
$719,538,670
$84,379,496
$665,823,046
$35,220,538
$1,100,326,683
$69,969,685,646
$712,937,032
$315,778,850
$576,200,000
$82,667,769
$40,451,320
$380,042,390,255
$15,298,171,942
$5,219,030,709
$57,683,848,091
$7,549,853,004
$15,649,595,479
$970,491,000
$27,754,988,534
$6,978,110,831
$5,711,246,184

X
X

X
X
X

X
X

X
X
X
X

X

X
X

X
X

X
X
X

X
X
X

X
X
X
X

X
X
X
X

X

X
X

X
X
X
X

X
X
X
X

X

X
X

X

X

X

X
X

X
X

X
X
X
X

X
X
X
X

X
X
X

X
X
X

X
X
X
X

X
X
X
X
X

X
X
X

X
X

X

X
X
X
X
X
X
X
X
X
X

X
X
X
X
X
X
X
X
X
X

X
X
X
X
X

X
X
X
X

X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-58185
801-71880
801-13802
801-6709
801-42017
801-69739
801-63805
801-63426
801-37706
801-65243
801-68868
801-49780
801-71024
801-72913
801-13595
801-68972
801-60744
801-31947
801-69736
801-68701
801-62331
801-73509
801-15425
801-73904
801-67899
801-61708
801-68766
801-67301
801-74013
801-68645
801-57108
801-9661
801-73696
801-69333
801-56449
801-55183
801-55588
801-49271
801-60090
801-57973
801-25646
801-38157
801-37591
801-55755
801-16048
801-71000
801-70812
801-73802
801-71785
801-70096

FRANKLIN TEMPLETON INVESTMENTS CORP.
FRANKLIN TEMPLETON INVESTMENTS JAPAN LTD.
FRANKLIN TEMPLETON PORTFOLIO ADVISORS, INC.
FRED ALGER MANAGEMENT, INC
FSC SECURITIES CORPORATION
FSW ADVISORY SERVICES INC.
FTN FINANCIAL MAIN STREET ADVISORS LLC
G. A. REPPLE & COMPANY
GABELLI FUNDS, LLC
GABELLI SECURITIES, INC.
GALLAGHER FIDUCIARY ADVISORS, LLC
GALLIARD CAPITAL MANAGEMENT INC
GARGOYLE INVESTMENT ADVISOR L.L.C.
GARRETT INVESTMENT ADVISORS, LLC
GARY GOLDBERG PLANNING SERVICES INC
GATEWAY INVESTMENT ADVISERS, LLC
GBS FINANCIAL CORP.
GE ASSET MANAGEMENT INCORPORATED
GE CAPITAL DEBT ADVISORS LLC
GE COMMERCIAL FINANCE INVESTMENT ADVISORY SERVICES LLC
GENEOS WEALTH MANAGEMENT, INC.
GENNX360 MANAGEMENT COMPANY, LLC
GEORGE MCKELVEY CO., INC.
GERRY FARBER, LLC
GFS ADVISORS LLC
GIBSON GAITHER WEALTH MANAGEMENT ADVISORS
GILFORD FINANCIAL CORP.
GILL CAPITAL PARTNERS
GJF FINANCIAL MANAGEMENT II, LLC
GLG INC.
GLG PARTNERS INTERNATIONAL LIMITED
GLICKENHAUS & CO.
GLOBAL INFRASTRUCTURE MANAGEMENT, LLC
GLOBAL PLUS+ INVESTMENT MANAGEMENT, LLC
GMO AUSTRALASIA LLC
GMO RENEWABLE RESOURCES, LLC
GOELZER INVESTMENT MANAGEMENT
GOLD ASSET MANAGEMENT INC
GOLD COAST SECURITIES, INC.
GOLDEN CAPITAL MANAGEMENT, LLC
GOLDMAN CAPITAL MANAGEMENT, INC.
GOLDMAN SACHS ASSET MANAGEMENT INTERNATIONAL
GOLDMAN SACHS ASSET MANAGEMENT, L.P.
GOLDMAN SACHS HEDGE FUND STRATEGIES LLC
GOLDMAN, SACHS & CO.
GRADIENT ADVISORS, LLC
GRADIENT INVESTMENTS, LLC
GRAND SLAM ASSET MANAGEMENT, LLC
GRANITE BAY ADVISORS, L.P.
GRANITE INVESTMENT ADVISORS, INC.

$26,055,645,396
$230,996,539
$6,684,408,215
$14,920,416,309
$3,488,406,449
$11,367,359
$14,400,000,000
$174,000,000
$20,000,000,000
$627,000,000
$48,823,980,395
$72,530,322,474
$194,963,479
$0
$428,695,249
$8,235,074,837
$183,259,690
$115,656,521,000
$1,578,000,000
$5,039,367,387
$771,480,290
$857,624,856
$407,522,969
$159,022,752
$243,755,500
$45,000,000
$94,692,481
$165,442,233
$223,000,000
$5,004,294,962
$2,713,516,855
$1,031,599,848
$10,422,280,883
$120,000,000
$452,870,797
$4,179,843,244
$710,736,236
$14,421,641
$31,118,510
$7,126,648,729
$115,640,437
$190,574,489,000
$518,421,097,000
$19,092,754,000
$146,843,765,123
$1,135,873
$210,852,896
$27,400,000
$29,735,904
$496,028,991

X
X
X

X
X
X

X
X
X
X
X

X
X
X
X
X

X

X

X
X
X

X

X
X

X

X

X

X
X

X
X

X
X
X
X
X
X
X
X

X
X
X
X
X

X

X
X

X
X

X

X
X
X

X
X
X

X
X

X
X

X

X

X

X

X
X

X
X

X
X
X
X
X
X
X
X
X
X
X

X
X

X
X
X

X
X

X
X
X
X

X
X
X
X
X
X

X

X

X
X

X

X

X

X

X

X

X
X

X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-15028
801-67196
801-66702
801-36988
801-66240
801-72945
801-72948
801-66097
801-60297
801-67443
801-60038
801-38077
801-9654
801-8008
801-62976
801-56879
801-29892
801-13081
801-73234
801-55411
801-68506
801-70028
801-61481
801-57981
801-17824
801-46059
801-67370
801-65811
801-29185
801-27136
801-50333
801-53584
801-53542
801-72429
801-74174
801-19074
801-61654
801-70563
801-70641
801-55083
801-15473
801-26953
801-25730
801-66120
801-54228
801-61977
801-63116
801-70050
801-67716
801-55675

GRANTHAM MAYO VAN OTTERLOO & CO LLC
GREEN STREET ADVISORS, INC.
GREEN STREET INVESTORS, LLC
GREENBERG FINANCIAL GROUP
GREENLEAF & BURLESON WEALTH MANAGEMENT, LLC
GREENLIGHT CAPITAL, INC
GREENLIGHT MASTERS, LLC
GREENWAY TRADING LLC
GREYCOURT & CO., INC.
GS INVESTMENT STRATEGIES, LLC
GSC GROUP
GUARDIAN BAILLIE GIFFORD LIMITED
GUARDIAN INVESTOR SERVICES LLC
GUGGENHEIM INVESTMENTS
GULFSTREAM CAPITAL MANAGEMENT,LLC
H. BECK, INC.
H.D. VEST ADVISORY SERVICES, INC
HABERER REGISTERED INVESTMENT ADVISOR INC
HAIDAR CAPITAL MANAGEMENT LLC
HALBERT WEALTH MANAGEMENT, INC
HANCOCK CAPITAL INVESTMENT MANAGEMENT LLC
HANCOCK INSTITUTIONAL ADVISORS, LLC
HANCOCK INVESTMENT ADVISORS, LLC
HANCOCK NATURAL RESOURCE GROUP, INC
HANCOCK VENTURE PARTNERS, INC.
HANSBERGER GLOBAL INVESTORS, INC.
HANYS BENEFIT SERVICES
HARBOR FINANCIAL SERVICES, LLC
HARBOUR INVESTMENTS, INC.
HARBOURVIEW ASSET MANAGEMENT CORPORATION
HARRIS ASSOCIATES LP
HARTFORD INVESTMENT FINANCIAL SERVICES, LLC
HARTFORD INVESTMENT MANAGEMENT COMPANY
HARVEST GLOBAL INVESTMENTS LIMITED
HASTINGS FUNDS MANAGEMENT (USA), INC.
HEARTLAND ADVISORS, INC.
HEDEKER WEALTH MANAGEMENT GROUP
HEDGEMARK ADVISORS, LLC
HEDGEMARK INSTITUTIONAL CONSULTANTS, LLC
HEFREN-TILLOTSON, INC.
HEITMAN CAPITAL MANAGEMENT LLC
HEITMAN ENDOWMENT ADVISORS, L.P.
HEITMAN INSTITUTIONAL ADVISORS
HELIOS CAPITAL MANAGEMENT PTE. LTD
HENNESSEE HEDGE FUND ADVISORY GROUP
HENNION & WALSH ASSET MANAGEMENT, INC.
HERBEIN WEALTH MANAGEMENT, L.L.C.
HERITAGE CAPITAL, LLC
HERMENING ADVISORY SERVICES LLC
HERNDON PLANT OAKLEY LTD

$98,222,726,263
$0
$106,039,671
$181,525,969
$234,388,164
$8,836,997,393
$904,815,293
$5,005,355
$3,939,831,142
$16,514,207,000
$939,236,489
$2,472,095,584
$5,051,610,461
$19,797,547,128
$300,000,000
$1,142,842,987
$5,866,199,126
$773,420,360
$1,289,580,622
$100,379,223
$5,594,157,564
$15,890,965,356
$102,423,604
$4,872,499,650
$52,465,272
$6,516,411,150
$705,135,014
$156,836,142
$289,240,383
$2,267,300,000
$72,865,850,695
$50,623,682,646
$168,782,892,531
$2,399,412,719
$788,038,429
$4,864,336,291
$126,396,603
$142,807,000
$0
$3,688,188,439
$604,967,254
$368,640
$312,656
$63,510,771
$147,983,289
$103,820,633
$225,145,196
$51,614,532
$90,087,991
$888,453,000

X

X
X
X
X
X

X
X

X
X
X

X
X
X

X
X

X

X

X
X

X
X
X

X

X

X
X
X

X
X
X

X
X
X
X

X

X

X
X

X
X
X
X
X

X

X

X

X

X

X
X
X

X
X

X

X

X
X
X
X
X

X

X

X

X
X
X

X
X
X
X
X

X
X

X
X

X

X
X
X
X

X

X

X

X

X
X
X

X

X

X
X
X
X

X
X

X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-11216
801-17219
801-64368
801-54874
801-55718
801-67834
801-16814
801-64761
801-73338
801-35811
801-56151
801-67471
801-72605
801-29922
801-68275
801-25999
801-64563
801-53391
801-72104
801-60176
801-62677
801-68565
801-66512
801-18273
801-33939
801-72863
801-63551
801-62667
801-69511
801-67242
801-51125
801-57637
801-46585
801-57963
801-40494
801-72900
801-64490
801-9046
801-55232
801-48282
801-5016
801-56426
801-72910
801-71120
801-70807
801-40779
801-60987
801-55222
801-15298
801-68114

HEROLD ADVISORS, INC.
HEWITT ENNISKNUPP, INC.
HIGHBRIDGE CAPITAL MANAGEMENT, LLC
HIGHLAND CAPITAL MANAGEMENT, L.P.
HIGHMARK CAPITAL MANAGEMENT, INC.
HJ WEALTH MANAGEMENT LLC
HL INVESTMENT ADVISORS, LLC
HM CAPITAL MANAGEMENT, LLC
HM CAPITAL PARTNERS I LP
HODGES CAPITAL MANAGEMENT INC
HORNOR, TOWNSEND & KENT, INC.
HORTER INVESTMENT MANAGEMENT, LLC
HSBC GLOBAL ASSET MANAGEMENT (FRANCE)
HSBC GLOBAL ASSET MANAGEMENT (HONG KONG) LIMITED
HSBC GLOBAL ASSET MANAGEMENT (SINGAPORE) LIMITED
HSBC GLOBAL ASSET MANAGEMENT (USA) INC.
HSBC SECURITIES (USA) INC.
HUBER, CARDONO, MORING & RICHTER, L.P.
HUDSON AMERICAS LLC
HUNTINGTON ASSET ADVISORS, INC.
HUNTLEIGH ADVISORS, INC.
HUNTSMAN GAY GLOBAL CAPITAL, LLC
IC ADVISORY SERVICES, INC.
ICMA RETIREMENT CORP
IMS CAPITAL MANAGEMENT
INCAPITAL ASSET MANAGEMENT LLC
INDEPENDENCE CAPITAL ASSET PARTNERS, LLC
INDEPENDENT FINANCIAL GROUP, LLC
INDEPENDENT FINANCIAL PARTNERS
INFINEX INVESTMENTS, INC.
ING ALTERNATIVE ASSET MANAGEMENT LLC
ING FINANCIAL ADVISERS, LLC
ING FINANCIAL PARTNERS, INC
ING INVESTMENT ADVISORS, LLC
ING INVESTMENT MANAGEMENT
ING INVESTMENT MANAGEMENT (UK) LIMITED
ING INVESTMENT MANAGEMENT ASIA/PACIFIC (HONG KONG) LTD.
ING INVESTMENT MANAGEMENT CO.
ING INVESTMENT MANAGEMENT LLC
ING INVESTMENTS, LLC
INGALLS & SNYDER LLC
INNOVATIVE MARKET TRENDS
INNOVATOR MANAGEMENT LLC
INSIGHT EBC
INSTITUTIONAL BULLION INVESTMENT ADVISORS, LLC
INSTITUTIONAL CAPITAL LLC
INTECH
INTERACTIVE DATA PRICING AND REFERENCE DATA, INC.
INTERINVEST CORP INC
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC

$51,273,404
$14,550,400,000
$22,211,343,072
$18,288,056,805
$16,385,923,320
$287,647,735
$38,695,282,115
$678,280,998
$1,313,750,479
$447,344,285
$755,276,216
$143,527,026
$82,189,000,000
$43,805,000,000
$6,016,590,161
$51,192,881,199
$5,912,790,116
$37,200,000
$30,578,281,790
$3,450,830,375
$127,200,000
$947,985,589
$858,827,135
$25,171,651,064
$141,786,259
$0
$499,269,458
$1,719,153,566
$2,800,000,000
$370,644,875
$4,127,730,656
$148,115,256
$4,338,524,135
$5,012,343,837
$2,408,856,070
$44,000,000
$4,931,169,000
$64,455,000,000
$89,905,736,361
$44,503,694,047
$2,205,470,350
$290,000,000
$0
$0
$0
$22,238,891,183
$39,904,019,931
$0
$97,000,000
$102,633,213

X
X

X

X

X
X

X
X

X

X
X
X

X
X
X

X
X

X

X
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X
X
X
X

X
X

X

X
X
X
X

X
X

X
X
X

X
X

X

X

X
X

X

X

X

X
X
X

X
X
X

X
X
X
X
X
X
X
X
X
X

X

X
X
X
X
X
X
X
X
X
X

X
X
X

X
X
X

X

X
X

X
X

X
X

X

X

X

X

X

X

X
X

X
X

X
X
X

X
X
X
X

X
X

X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-26390
801-61020
801-33949
801-47856
801-1669
801-45224
801-38119
801-56411
801-57738
801-56010
801-56410
801-67704
801-62341
801-71540
801-57968
801-71104
801-76715
801-74531
801-50678
801-7190
801-45776
801-61515
801-60447
801-67970
801-73809
801-23120
801-21011
801-64725
801-61542
801-64031
801-57330
801-41088
801-3702
801-58171
801-69398
801-68875
801-53844
801-72799
801-64732
801-4690
801-7258
801-13991
801-72309
801-39502
801-64089
801-60055
801-74480
801-41622
801-74086
801-71238

INTERVEST LTD
INTREPID FINANCIAL PLANNING GROUP, LLC
INVESCO ADVISERS, INC.
INVESCO HONG KONG LIMITED
INVESCO INVESTMENT ADVISERS LLC
INVESCO PRIVATE CAPITAL, INC.
INVESCO SENIOR SECURED MANAGEMENT, INC.
INVEST FINANCIAL CORPORATION
INVESTACORP ADVISORY SERVICES INC
INVESTMENT ADVISORS
INVESTMENT CENTERS OF AMERICA, INC.
INVESTMENT PROFESSIONALS, INC.
INVESTORS CAPITAL ADVISORY
INVESTORS FINANCIAL GROUP
INVESTORS SECURITY COMPANY, INC.
IPG INVESTMENT ADVISORS, LLC
IRONHILT ADVISORS, LLC
ISCHUS CAPITAL MANAGEMENT, LLC
ISI FINANCIAL GROUP INC
ITS ASSET MANAGEMENT, L.P.
IVY ASSET MANAGEMENT LLC
IVY INVESTMENT MANAGEMENT COMPANY
J O HAMBRO INVESTMENT MANAGEMENT LIMITED.
J P TURNER & COMPANY CAPITAL MANAGEMENT, LLC
J. GOLDMAN & CO., L.P.
J.J.B. HILLIARD, W.L. LYONS, LLC
J.P. MORGAN ASSET MANAGEMENT
J.P. MORGAN ASSET MANAGEMENT
J.P. MORGAN CLEARING CORP.
J.P. MORGAN INSTITUTIONAL INVESTMENTS
J.P. MORGAN LATIN AMERICA MANAGEMENT COMPANY, LLC.
J.P. MORGAN PRIVATE INVESTMENTS INC.
J.P. MORGAN SECURITIES LLC
JACKSON NATIONAL ASSET MANAGEMENT, LLC
JACOBI CAPITAL MANAGEMENT, LLC
JAFFE WEALTH MANAGEMENT & CONSULTING, INC.
JAG ADVISORS
JAG CAPITAL MANAGEMENT LLC
JAMES RIVER CAPITAL CORP.
JAMISON EATON & WOOD INC
JANNEY MONTGOMERY SCOTT LLC
JANUS
JANUS CAPITAL SINGAPORE PTE. LIMITED
JARISLOWSKY FRASER LTD
JEANCO FINANCIAL,INC.
JEFF HARRIS & ASSOCIATES, INC.
JEFFERIES FINANCE LLC
JF INTERNATIONAL MANAGEMENT INC.
JH PARTNERS, LLC
JHS CAPITAL ADVISORS, LLC

$123,623,715
$168,462,026
$337,712,951,874
$10,617,000,000
$17,865,511,470
$2,165,882,667
$15,959,470,247
$1,991,792,941
$1,262,981,648
$1,914,153,149
$1,177,215,720
$249,000,000
$884,486,863
$278,254,309
$89,676,460
$643,699,143
$0
$1,490,174,700
$192,224,243
$1,289,362,441
$206,490,561
$46,480,882,730
$5,635,761,639
$257,864,269
$895,672,804
$3,735,480,006
$729,795,964,399
$238,567,005,993
$144,239,640
$9,353,741,137
$10,068,740
$6,494,767,262
$10,124,546,627
$9,032,110,000
$216,036,140
$56,755,347
$811,066,737
$12,053,488
$634,900,000
$925,000,000
$10,911,865,918
$109,734,556,722
$9,498,458
$38,847,000,000
$34,000,000
$50,500,000
$378,461,099
$1,205,114,820
$1,003,076,339
$189,112,094

X
X

X

X

X
X
X

X
X
X

X
X
X
X
X
X
X
X
X
X
X
X
X
X

X

X
X
X
X
X
X
X
X
X
X
X
X

X

X

X
X
X
X
X
X
X
X
X
X

X
X

X
X

X
X

X
X
X
X
X
X
X

X
X
X
X
X
X
X

X

X

X
X

X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X

X

X
X
X
X

X
X
X

X
X
X
X
X
X
X

X

X

X
X
X
X
X
X
X

X
X
X
X
X
X
X
X

X
X

X
X
X
X

X
X

X
X
X
X
X
X
X
X

X
X
X

X

X

X

X
X
X

X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-8124
801-28947
801-56348
801-60722
801-38319
801-58234
801-57158
801-21958
801-68908
801-28513
801-65147
801-28179
801-66377
801-17277
801-47662
801-60864
801-66688
801-62209
801-55450
801-18770
801-9182
801-72492
801-65123
801-11375
801-71410
801-72837
801-63048
801-31294
801-68535
801-29070
801-33422
801-69151
801-66270
801-60306
801-50349
801-61701
801-67893
801-56684
801-70073
801-13887
801-69290
801-60035
801-62554
801-68524
801-67296
801-42530
801-23151
801-14059
801-64047
801-52978

JOHN HANCOCK ADVISERS, LLC
JOHN HANCOCK INVESTMENT MANAGEMENT SERVICES, LLC
JOHNSTON LEMON ASSET MANAGEMENT INC
JONATHAN ROBERTS ADVISORY GROUP, INC.
JPMORGAN ALTERNATIVE ASSET MANAGEMENT
JPMORGAN PARTNERS
JRL CAPITAL ADVISORS LLC
JSK ASSOCIATES INC.
JYSKE GLOBAL ASSET MANAGEMENT
KABAREC FINANCIAL ADVISORS LTD
KAIZEN MANAGEMENT, LP
KASPICK & COMPANY, LLC
KAUFMAN + BERNSTEIN, INC.
KECALP INC.
KEENE & ASSOCIATES, INC.
KELLNER MANAGEMENT, LP
KEMPEN CAPITAL MANAGEMENT N.V.
KIBBLE & PRENTICE HOLDING COMPANY
KIELY WEALTH ADVISORY GROUP, INC.
KILLEN GROUP INC
KIMELMAN & BAIRD, LLC
KINDERHOOK PARTNERS, LLC
KLEINHEINZ CAPITAL PARTNERS, INC.
KMS FINANCIAL SERVICES, INC
KOLINSKY WEALTH MANAGEMENT, LLC
KOTTKE MANAGED COMMODITIES, LLC
KOVACK ADVISORS, INC.
KRASNEY FINANCIAL, LLC
LARA, SHULL & MAY, LLC
LARIMER CAPITAL CORPORATION
LASALLE ST. INVESTMENT ADVISORS, L.L.C.
LAUREL WEALTH ADVISORS, LLC
LAWING FINANCIAL INC
LAZARD ALTERNATIVES, LLC
LAZARD ASSET MANAGEMENT CANADA INC
LAZARD ASSET MANAGEMENT LLC
LCM CAPITAL MANAGEMENT INC
LEADER CAPITAL CORP.
LEGACY PLANNING GROUP
LEGEND ADVISORY CORP
LEIGH BALDWIN & CO., LLC
LEONARD AND COMPANY
LEXINGTON ASSET MANAGEMENT, INC.
LEXINGTON INVESTMENT COUNSEL
LIBERTY ASSET MANAGEMENT
LINCOLN FINANCIAL ADVISORS CORPORATION
LINCOLN FINANCIAL SECURITIES CORPORATION
LINCOLN INVESTMENT PLANNING, INC
LKL INVESTMENT COUNSEL LLC
LLOYDS TSB OFFSHORE PRIVATE CLIENTS LIMITED

$20,307,109,065
$134,175,808,302
$123,846,000
$508,535,466
$9,215,457,211
$2,824,202,334
$111,498,660
$35,080,905
$227,981,000
$156,380,756
$48,024,622
$4,126,085,192
$620,375,186
$514,044,352
$295,668,032
$189,000,000
$29,735,460,000
$3,037,362,998
$233,139,700
$1,796,940,101
$597,877,072
$176,318,487
$4,328,000,000
$2,355,263,635
$162,000,000
$0
$614,500,000
$313,303,896
$375,427,730
$145,201,344
$459,537,878
$166,065,786
$878,577,876
$730,297,264
$3,052,432,075
$107,129,683,940
$106,522,000
$365,296,683
$41,595,094
$1,649,858,683
$9,297,663
$199,826,415
$93,309,448
$20,054,125
$130,675,441
$7,655,460,009
$917,386,704
$3,142,243,352
$135,000,000
$66,863,178

X
X

X
X

X
X

X
X

X
X
X

X
X

X
X

X

X

X
X
X

X
X

X
X

X
X
X
X
X

X
X
X

X
X
X

X

X
X

X
X

X

X
X

X

X

X

X
X

X
X

X

X

X
X
X

X

X
X

X
X

X

X
X

X
X
X
X
X
X
X
X
X
X

X
X
X
X
X
X

X

X

X

X
X
X
X
X
X
X
X

X
X
X
X
X
X
X

X

X
X
X
X
X
X
X
X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-52378
801-61631
801-39572
801-39571
801-43675
801-68036
801-67753
801-70173
801-72360
801-73558
801-170
801-6997
801-10970
801-68850
801-61375
801-66320
801-50553
801-57304
801-74429
801-62585
801-62380
801-5594
801-62755
801-66160
801-66345
801-76257
801-69919
801-74015
801-69663
801-72761
801-72888
801-67569
801-61860
801-42023
801-38888
801-68257
801-37888
801-14261
801-65715
801-68593
801-28696
801-60721
801-8059
801-63357
801-61224
801-52309
801-66147
801-54739
801-72784
801-55918

LOCKWOOD ADVISORS INC
LOEB CAPITAL MANAGEMENT
LOEB CAPITAL MANAGEMENT
LOEB PARTNERS CORPORATION
LOEB PARTNERS MANAGEMENT INC
LOF LOPEZ & ASSOCIATES, LLC
LOGAN CIRCLE PARTNERS, L.P.
LOGE SOLUTIONS, LLC
LOMBARD ODIER TRANSATLANTIC, LIMITED PARTNERSHIP
LONE STAR U.S. ACQUISITIONS, LLC
LOOMIS, SAYLES & COMPANY, L.P.
LORD, ABBETT & CO. LLC
LPL FINANCIAL LLC
LUMINOUS CAPITAL, LLC
LYXOR ASSET MANAGEMENT INC.
M FINANCIAL ASSET MANAGEMENT, INC.
M FINANCIAL INVESTMENT ADVISERS INC
M HOLDINGS SECURITIES, INC.
M&I FINANCIAL ADVISORS, INC.
M.D. SASS-MACQUARIE FINANCIAL STRATEGIES MANAGEMENT COMPANY, LLC
MACDOUGALL INVESTMENT COUNSEL, INC.
MACKAY SHIELDS LLC
MACQUARIE CAPITAL INVESTMENT MANAGEMENT LLC
MACQUARIE FUNDS MANAGEMENT
MACQUARIE FUNDS MANAGEMENT
MACQUARIE FUNDS MANAGEMENT HONG KONG LIMITED
MADISON AVENUE SECURITIES, INC.
MADISON DEARBORN PARTNERS
MADISON SQUARE INVESTORS LLC
MAINLINE INVESTMENT ADVISERS, LLC
MAINLINE PRIVATE WEALTH, LLC
MANAGED ACCOUNT ADVISORS LLC
MANULIFE ASSET MANAGEMENT (NORTH AMERICA) LIMITED
MANULIFE ASSET MANAGEMENT (US) LLC
MARK J SNYDER FINANCIAL SERVICES INC
MARKETFIELD ASSET MANAGEMENT, LLC
MARQUE MILLENNIUM CAPITAL MANAGEMENT LLC
MARTIN CURRIE INC
MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED
MARYLAND CAPITAL ADVISORS, INC.
MASON HILL ADVISORS LLC
MASON STREET ADVISORS, LLC
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
MASSEY, QUICK & CO. LLC
MATRIX CAPITAL GROUP
MAXIM CAPITAL MANAGEMENT, LLC
MAXIM FINANCIAL ADVISORS LLC
MBSC SECURITIES CORPORATION
MC ASSET MANAGEMENT HOLDINGS, LLC
MCADAMS WRIGHT RAGEN, INC.

$8,055,738,696
$610,811,000
$444,839,000
$158,233,487
$29,331,000
$91,586,180
$13,523,772,888
$101,304,482
$38,663,735
$32,184,079,785
$162,605,875,897
$102,427,904,699
$83,580,206,575
$4,998,744,355
$2,774,864,171
$318,200,723
$531,950,993
$429,730,409
$0
$273,430,000
$101,836,985
$58,405,589,118
$1,641,838,010
$42,925,329,574
$1,328,000,000
$2,657,063,459
$252,000,000
$13,877,867,101
$10,729,423,657
$436,436,387
$93,320,103
$87,791,600,000
$95,893,428,389
$116,625,851,833
$173,000,000
$1,584,000,000
$163,715,039
$2,321,440,456
$5,952,812,386
$90,763,543
$2,328,478,124
$105,481,000,000
$31,634,989,029
$2,832,637,641
$100,000,000
$16,224,757,725
$146,000,000
$1,062,627,707
$168,289,456
$2,395,629,906

X

X

X
X
X
X
X
X
X

X
X
X

X
X
X

X

X

X
X

X
X

X
X
X

X
X
X
X
X
X
X
X
X
X
X

X

X

X

X

X

X
X

X
X

X
X
X
X
X

X

X
X
X

X

X
X
X
X
X
X
X

X
X

X
X
X

X
X
X

X
X

X

X

X
X
X

X

X
X

X
X
X
X
X

X
X
X

X
X

X

X

X

X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-67195
801-73076
801-57236
801-71440
801-60509
801-67127
801-70662
801-19785
801-63750
801-18140
801-61889
801-63422
801-72740
801-35676
801-73193
801-14235
801-47459
801-22306
801-53332
801-57001
801-46433
801-17352
801-60118
801-73884
801-70966
801-69239
801-74711
801-73824
801-60515
801-44264
801-68596
801-71171
801-70508
801-64722
801-34723
801-18512
801-21477
801-69526
801-39736
801-70164
801-73177
801-73521
801-73302
801-48726
801-57604
801-19665
801-60699
801-62152
801-62173
801-15757

MCDERMOTT INVESTMENT ADVISORS, LLC
MCF CAPITAL MANAGEMENT LLC
MCGLADREY WEALTH MANAGEMENT LLC
MCLAUGHLIN RYDER ADVISORY SERVICES, LLC
MCMORGAN & COMPANY LLC
MDK FINANCIAL GROUP, INC.
MEG GREEN & ASSOCIATES, INC.
MELLON CAPITAL MANAGEMENT CORPORATION
MELLON HEDGE ADVISORS
MEMBERS CAPITAL ADVISORS, INC.
MERCANTIL COMMERCEBANK INVESTEMENT SERVICES, INC.
MERIDIAN ASSET MANAGEMENT
MERION REALTY ADVISERS, LLC
MERRILL LYNCH ALTERNATIVE INVESTMENTS LLC
MERRILL LYNCH GLOBAL PRIVATE EQUITY, INC.
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
METLIFE ADVISERS, LLC
METLIFE SECURITIES INC.
METROPOLITAN WEST ASSET MANAGEMENT LLC
METROPOLITAN WEST CAPITAL MANAGEMENT, LLC
MFS INSTITUTIONAL ADVISORS INC.
MFS INVESTMENT MANAGEMENT
MFS MCLEAN BUDDEN
MILLENNIUM MANAGEMENT LLC
MILLER TABAK ADVISORS, LLC
MILLER TABAK ASSET MANAGEMENT
MIRACLE MILE ADVISORS, LLC
MK CAPITAL ADVISORS, LLC
MMC SECURITIES CORP.
MML INVESTORS SERVICES, LLC
MMLISI FINANCIAL ALLIANCES, LLC
MOHLMAN ASSET MANAGEMENT FUND, LLC
MOHLMAN ASSET MANAGEMENT, LLC
MOLONEY SECURITIES CO., INC.
MONETA GROUP INVESTMENT ADVISORS, LLC
MONETARY MANAGEMENT GROUP INC
MONETTA FINANCIAL SERVICES INC
MONEX ASSET MANAGEMENT, INC.
MONEY CONCEPTS ADVISORY SERVICE
MONTEBELLO PARTNERS LLC
MONTICELLO INVESTMENT SERVICES, INC.
MOON CAPITAL MANAGEMENT LP
MOORE CAPITAL MANAGEMENT, LP
MOORS & CABOT, INC
MORA WEALTH MANAGEMENT LLC
MORGAN KEEGAN & COMPANY, INC.
MORGAN STANLEY AIP GP LP
MORGAN STANLEY INVESTMENT MANAGEMENT (JAPAN) CO., LTD.
MORGAN STANLEY INVESTMENT MANAGEMENT COMPANY
MORGAN STANLEY INVESTMENT MANAGEMENT INC.

$50,838,358
$344,429,609
$4,157,252,330
$120,000,000
$5,483,421,078
$95,174,600
$275,057,679
$159,469,861,205
$481,012,358
$11,400,110,365
$242,597,987
$73,235,713
$542,281,740
$2,328,455,606
$1,951,039,858
$321,410,963,333
$122,156,068,760
$4,547,238,262
$42,222,252,925
$8,496,700,000
$65,736,908,100
$156,620,718,745
$27,931,823,835
$119,000,070,000
$810,000
$520,000,000
$126,784,096
$0
$0
$883,729,836
$0
$450,000
$100,141,186
$101,370,384
$11,006,626,707
$309,184,634
$77,787,035
$44,166,205
$744,325,705
$21,397,025
$33,294,719
$2,334,348,387
$29,739,680,486
$592,144,000
$117,463,456
$9,652,190,233
$11,410,413,411
$6,015,074,236
$18,635,485,346
$177,239,968,205

X

X

X

X

X

X
X
X

X
X

X
X

X
X
X
X
X

X

X

X
X
X
X
X

X

X
X
X
X

X
X
X
X

X

X

X
X
X

X
X

X

X

X

X
X
X
X
X
X
X
X
X
X
X
X
X

X
X
X
X
X

X
X
X
X
X
X
X
X

X
X
X

X

X

X
X
X

X
X
X

X

X
X
X
X
X
X
X

X
X

X

X
X
X

X
X
X

X
X

X
X

X
X
X
X

X
X
X
X

X

X

X

X

X
X
X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-26847
801-60172
801-70103
801-60174
801-72237
801-15844
801-35786
801-67161
801-33020
801-68443
801-63216
801-39604
801-57181
801-62592
801-71295
801-73462
801-50706
801-41015
801-70744
801-64526
801-56370
801-69260
801-69478
801-72849
801-58257
801-62735
801-50449
801-61664
801-57642
801-3908
801-8259
801-51232
801-73538
801-47061
801-74149
801-73445
801-73602
801-61010
801-57396
801-68448
801-72277
801-74948
801-72831
801-67802
801-42114
801-64824
801-75490
801-56786
801-56126
801-48408

MORGAN STANLEY INVESTMENT MANAGEMENT LIMITED
MORGAN STANLEY SMITH BANREY VENTURE SERVICES LLC
MORGAN STANLEY SMITH BARNEY LLC
MORGAN STANLEY SMITH BARNEY PRIVATE MANAGEMENT LLC
MOSAIC CAPITAL MANAGEMENT, LLC
MOWELL FINANCIAL GROUP, NA
MPI INVESTMENT MANAGEMENT INC
MULLINTBG ADVISORS
MULTI-FINANCIAL SECURITIES CORPORATION
MUTUAL SECURITIES, INC.
MUTUALS ADVISORS, INC.
MUZINICH & CO., INC.
NANTUCKET CAPITAL MANAGEMENT LLC
NANTUCKET MULTI MANAGERS, LLC
NAPLES MONEY MANAGEMENT LLC
NATIONAL CITY EQUITY PARTNERS, INC.
NATIONAL FINANCIAL SERVICES, LLC
NATIONAL PLANNING CORPORATION ("NPC OF AMERICA" IN FL & NY)
NATIONAL REAL ESTATE ADVISORS
NATIONAL WEALTH MANAGEMENT, LLC
NATIONWIDE FUND ADVISORS
NATIONWIDE SECURITIES, LLC
NATIXIS CASPIAN PRIVATE EQUITY
NATIXIS SECURITIES AMERICAS LLC
NBC SECURITIES, INC.
NEEDHAM & COMPANY, LLC
NEEDHAM INVESTMENT MANAGEMENT, LLC
NELSON CAPITAL MANAGEMENT
NESTLERODE & LOY, INC.
NEUBERGER BERMAN LLC
NEUBERGER BERMAN MANAGEMENT LLC
NEW CENTURY FINANCIAL GROUP, LLC
NEW CHINA CAPITAL MANAGEMENT, LP
NEW ENGLAND SECURITIES CORPORATION
NEW SILK ROUTE
NEW VERNON CAPITAL
NEW VERNON INVESTMENT MANAGEMENT LLC
NEW YORK LIFE CAPITAL PARTNERS
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
NEWBRIDGE FINANCIAL SERVICES GROUP, INC.
NEWCASTLE INVESTMENT CORP.
NEWMAX ADVISORS, LLC
NEWPORT ADVISORY, INC
NEWPORT COAST ASSET MANAGEMENT
NEWTON CAPITAL MANAGEMENT LTD
NEXCORE FINANCIAL SERVICES, INCORPORATED
NEXPOINT ADVISORS, L.P.
NEXT FINANCIAL GROUP, INC.
NFP SECURITIES, INC.
NGAM ADVISORS, L.P.

$42,420,148,436
$166,317,478
$329,704,622,787
$393,391,388
$0
$43,815,849
$289,568,490
$177,730,297
$3,362,669,958
$38,635,133
$103,712,710
$14,719,000,000
$32,953,316
$181,350,443
$102,335,000
$747,815,086
$0
$4,166,652,272
$0
$141,266,397
$60,654,726,179
$0
$1,254,222,788
$5,015,240,590
$479,151,497
$0
$533,094,467
$1,057,238,788
$69,602,698
$90,332,000,000
$32,172,465,603
$157,300,000
$759,000,000
$2,598,065,941
$1,280,775,320
$999,700,000
$167,248,000
$8,341,751,432
$187,952,030,815
$129,232,415
$2,832,993,029
$0
$143,882,486
$21,000,000
$2,226,441,688
$12,602,589
$606,000,000
$1,316,646,457
$8,009,030,992
$6,121,056,149

X

X
X
X

X
X
X

X

X

X
X
X

X
X
X
X
X

X
X
X

X
X

X
X
X
X
X

X
X
X

X
X

X
X
X
X

X
X

X
X

X
X
X
X

X
X
X

X
X
X
X

X
X

X
X

X
X

X
X

X

X

X
X
X
X

X

X

X
X

X
X
X

X

X
X
X

X

X
X
X

X

X

X

X

X

X
X
X

X

X

X
X

X
X

X
X
X
X
X
X

X
X
X

X

X

X
X
X

X
X

X
X
X

X

X

X
X
X

X
X

X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-72108
801-60881
801-74399
801-56686
801-30801
801-74400
801-72465
801-73279
801-57065
801-72991
801-60715
801-68812
801-71727
801-60134
801-33358
801-65437
801-74003
801-8095
801-65853
801-63276
801-48923
801-65110
801-56031
801-57704
801-60027
801-57520
801-44573
801-57016
801-50303
801-49252
801-70658
801-7941
801-56819
801-887
801-66692
801-31427
801-36734
801-63615
801-34455
801-8253
801-64660
801-73102
801-72387
801-74083
801-65021
801-27828
801-74927
801-35497
801-63317
801-70382

NIC MANAGEMENT LLC
NIKKO ASSET MANAGEMENT AMERICAS, INC.
NIKKO ASSET MANAGEMENT ASIA LIMITED
NIKKO ASSET MANAGEMENT CO LTD
NIKKO ASSET MANAGEMENT EUROPE LTD
NIKKO ASSET MANAGEMENT HONG KONG LIMITED
NISSAY ASSET MANAGEMENT CORPORATION
NLI INTERNATIONAL INC.
NOBLE CAPITAL MANAGEMENT, INC.
NOMURA SECURITIES INTERNATIONAL INC
NORDEA INVESTMENT MANAGEMENT NORTH AMERICA, INC.
NORTHBROOK INVESTMENT MANAGEMENT, LLC
NORTHEAST ASSET MANAGEMENT, INC.
NORTHEAST FINANCIAL CONSULTANTS, INC
NORTHERN TRUST INVESTMENTS, INCORPORATED
NORTHSTAR CAPITAL FUNDS, LLC
NORTHWESTERN MUTUAL CAPITAL, LLC
NORTHWESTERN MUTUAL INVESTMENT SERVICES,LLC
NTB ADVISERS, A DIVISION OF NEIDIGER, TUCKER, BRUNER INC
NUMERIC INVESTORS LLC
OAKTREE CAPITAL MANAGEMENT, L.P.
OBS FINANCIAL SERVICES, INC.
OECHSLE INTERNATIONAL ADVISORS, LLC
OECHSLE INTERNATIONAL ADVISORS, LTD
OFI INSTITUTIONAL ASSET MANAGEMENT, INC.
OFI PRIVATE INVESTMENTS INC
OGILVIE SECURITY ADVISORS CORP
OHANESIAN / LECOURS, INC.
OLD NORTH STATE TRUST, LLC
OLSTEIN CAPITAL MANAGEMENT, L.P.
OLYMPIAN INVESTMENT MANAGEMENT, LLC
ON INVESTMENT MANAGEMENT CO
ONEAMERICA SECURITIES, INC.
OPPENHEIMER & CO. INC.
OPPENHEIMER ALTERNATIVE INVESTMENT MANAGEMENT, LLC
OPPENHEIMER ASSET MANAGEMENT
OPPENHEIMER CATALYST MANAGEMENT LP
OPPENHEIMER INVESTMENT MANAGEMENT LLC
OPPENHEIMER REAL ASSET MANAGEMENT INC
OPPENHEIMERFUNDS INC
O'ROURKE & COMPANY, INCORPORATED
OSBORN ROHS WILLIAMS & DONOHOE, LTD
OXBOW ADVISORS, LLC
P.A.W. CAPITAL PARTNERS, LP
PACIFIC FINANCIAL ADVISORS, INC.
PACIFIC INCOME ADVISERS INC
PACKERLAND BROKERAGE SERVICES, INC.
PANAGORA ASSET MANAGEMENT INC
PAPAMARKOU WELLNER ASSET MANAGEMENT, INC.
PARALLAX ASSET MANAGEMENT

$647,093,149
$7,133,860,000
$12,948,056,544
$119,493,351,170
$22,509,106,768
$6,706,786
$40,370,641,018
$6,919,000,000
$74,498,911
$0
$1,959,929,476
$58,513,203
$153,580,344
$2,350,962,110
$485,188,588,585
$50,000,000
$33,101,882,661
$2,134,897,362
$146,786,034
$8,626,133,801
$82,723,080,936
$901,000,000
$4,523,365,296
$594,526,936
$3,775,279,659
$6,504,706,702
$2,341,648
$349,832,705
$206,987,500
$539,836,340
$1,200,000
$308,219,002
$108,545,537
$6,011,730,304
$384,347,163
$9,131,781,312
$18,877,591
$977,918,455
$2,042,578,784
$168,900,000,000
$200,800,000
$556,049,099
$0
$261,016,552
$85,000,000
$12,951,743,000
$69,344,732
$25,196,402,598
$129,522,790
$75,209,438

X
X
X
X
X
X

X

X
X
X
X
X
X
X
X
X

X
X

X
X
X
X
X
X
X
X
X
X

X
X

X
X
X
X

X
X
X
X

X
X

X
X

X

X
X

X
X

X

X

X
X
X
X
X
X
X
X
X
X
X

X
X
X
X
X
X
X
X
X
X
X

X
X
X

X

X

X
X
X
X
X
X
X

X
X
X
X
X
X
X

X
X
X
X
X
X
X

X
X
X

X

X
X
X
X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-73683
801-70783
801-69964
801-38908
801-58108
801-74501
801-65488
801-16217
801-62779
801-8517
801-69322
801-74097
801-56704
801-15614
801-63122
801-56015
801-71841
801-72659
801-21400
801-72025
801-57015
801-72427
801-46031
801-62042
801-57562
801-62222
801-67234
801-70757
801-66961
801-74246
801-73066
801-15143
801-66760
801-67491
801-73124
801-18759
801-66395
801-8255
801-39177
801-65849
801-69053
801-56209
801-70684
801-66195
801-73142
801-66625
801-69755
801-57928
801-46369
801-27691

PARALLAX VOLATILITY ADVISERS, LLC
PARENTEBEARD WEALTH MANAGEMENT LLC
PARETO NEW YORK LLC
PARETO, PARETO INVESTMENT MANAGEMENT LIMITED
PARK AVENUE SECURITIES LLC
PARKER/ HUNTER ASSET MANAGEMENT, LLC
PASSPORT CAPITAL, LLC
PASSPORT RESEARCH, LTD.
PATRIOT WEALTH MANAGEMENT, INC.
PAX WORLD MANAGEMENT LLC
PBGH FINANCIAL ADVISORS, INC.
PENNANT CAPITAL MANAGEMENT, LLC
PENSION CONSULTANTS INC
PENSION FUND EVALUATIONS, INC.
PEOPLE'S SECURITIES, INC.
PEQUOT CAPITAL MANAGEMENT INC
PERCEPTIVE ADVISORS
PEREGRINE CAPITAL ADVISORS, INC
PEREGRINE CAPITAL MANAGEMENT, INC.
PEREGRINE DIVERSIFIED INVESTMENT SERVICES CORP.
PERESS INVESTMENT ADVISORS LTD
PERFORMANCE TRUST CAPITAL PARTNERS, LLC
PERFORMANCE TRUST INVESTMENT ADVISORS, LLC
PERKINS INVESTMENT MANAGEMENT LLC
PERRY CAPITAL
PERSONAL BENEFIT SERVICES OF COLORADO, INC.
PERSPECTIVE FINANCIAL SERVICES LLC
PHILADELPHIA BROKERAGE CORPORATION
PHILLIPS CAPITAL ADVISORS, INC.
PHOENIX REALTY GROUP, LLC
PIA CAPITAL MANAGEMENT LP
PICTET ASSET MANAGEMENT LIMITED
PICTET ASSET MANANGEMENT SA.
PICTET NORTH AMERICA ADVISORS SA
PINE CAPITAL MANAGEMENT, LLC
PINEBRIDGE INVESTMENTS LLC
PIONEER INSTITUTIONAL ASSET MANAGEMENT, INC.
PIONEER INVESTMENT MANAGEMENT, INC.
PLANMEMBER SECURITIES CORPORATION
PLATINUM GROVE ASSET MANAGEMENT, L.P.
PLOTKIN FINANCIAL ADVISORS, LLC
PMK CAPITAL ADVISORS INC
PNC CAPITAL ADVISORS LLC
PNC INVESTMENTS
PNC MEZZANINE MANAGEMENT CORP
PNC REALTY INVESTORS, INC.
POMONA CAPITAL
POPULAR SECURITIES, INC.
PORTFOLIO ADVISORS LLC
PORTFOLIO ADVISORY COUNCIL,L.L.C.

$2,350,226,673
$593,708,850
$0
$1,487,927,738
$3,973,778,920
$0
$5,487,381,751
$17,993,771,489
$842,478,345
$2,518,926,834
$135,000,000
$7,783,604,509
$0
$0
$692,711,760
$57,469,896
$600,000,000
$0
$2,627,130,184
$219,516,777
$258,722,951
$176,000,000
$411,351,380
$18,119,406,100
$10,855,111,966
$74,218,113
$92,914,303
$42,478,745
$175,362,803
$385,836,349
$129,855,000
$28,403,061,536
$97,311,603,886
$1,908,991,258
$0
$36,877,884,116
$4,335,117,499
$55,275,527,697
$2,281,000,000
$981,811,735
$36,400,000
$121,771,448
$34,790,854,278
$4,431,810,313
$294,289,956
$2,241,579,038
$5,005,492,568
$376,230,625
$31,341,500,000
$299,345,000

X

X
X

X

X

X

X

X

X
X
X
X
X
X
X
X

X
X
X
X
X

X
X
X

X
X
X

X
X
X

X
X

X
X

X
X
X
X

X
X

X
X

X
X
X

X
X
X
X
X

X
X
X
X
X
X

X

X

X
X
X

X
X
X

X
X
X

X
X

X
X

X
X
X
X

X
X

X
X
X
X
X

X
X
X
X
X

X
X
X
X
X
X

X
X
X
X
X
X

X
X

X
X
X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-64971
801-8072
801-61972
801-66495
801-51193
801-72263
801-45573
801-55959
801-54949
801-55696
801-72667
801-71475
801-64995
801-62312
801-69233
801-54760
801-69649
801-70461
801-64181
801-65845
801-72187
801-10299
801-72487
801-63924
801-52208
801-56821
801-37540
801-25937
801-7974
801-62143
801-69968
801-60227
801-73741
801-72655
801-67637
801-63747
801-73049
801-68283
801-63242
801-69133
801-10418
801-72137
801-69815
801-13059
801-71619
801-27629
801-67865
801-47230
801-72020
801-36999

PORTFOLIO DESIGN ADVISORS
PORTFOLIOS INC
PORTLAND INVESTMENT COUNSEL INC.
PRESIDENTIAL BROKERAGE, INC.
PRICEWATERHOUSECOOPERS INVESTMENT ADVISERS LLC
PRIMERICA ADVISORS
PRIMEVEST FINANCIAL SERVICES, INC.
PRINCIPAL GLOBAL INVESTORS
PRINCOR FINANCIAL SERVICES CORPORATION
PRIVATE ADVISORS LLC
PRIVATE CLIENT ADVISORS, LLC
PRIVATE CLIENT SERVICES, LLC
PRIVATE INVESTMENT PARTNERS INC.
PRIVATE WEALTH ADVISORS
PROACTIVE ADVISORS, LLC
PROFUND ADVISORS LLC
PROMUS CAPITAL, LLC
PROPHET CAPITAL ASSET MANAGEMENT
PROSHARE ADVISORS LLC
PROSPERA FINANCIAL SERVICES, INC.
PROSPERITY CAPITAL ADVISORS
PROTECTED INVESTORS OF AMERICA
PROVIDENT ADVISORS LLC
PROVIDENT CAPITAL MANAGEMENT INC
PRUDENTIAL FINANCIAL PLANNING SERVICES
PSA FINANCIAL ADVISORS INC
PTS ASSET MANAGEMENT
PUPLAVA FINANCIAL SERVICES INC
PUTNAM INVESTMENT MANAGEMENT, LLC
PWMCO, LLC
PYXIS CAPITAL, L.P.
QUAD CITY INVESTMENT ADVISORS, LLC
QUAD-C MANAGEMENT, INC.
QUANTSOFT ADVISERS, LLC
QUANTUM FINANCIAL ADVISORS INC
QUESTAR ASSET MANAGEMENT, INC.
QVT FINANCIAL LP
R. SEELAUS & CO., INC.
R.T. JONES CAPITAL EQUITIES MANAGEMENT INC.
RANGER ALTERNATIVE MANAGEMENT, L.P.
RAYMOND JAMES & ASSOCIATES, INC.
RAYMOND JAMES (USA) LTD
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC
RBC CAPITAL MARKETS, LLC
REGAL ADVISORY SERVICES, INC.
REGIONS INVESTMENT MANAGEMENT, INC.
REGISTER FINANCIAL ADVISORS, LLC
REICH & TANG ASSET MANAGEMENT, LLC
RELIANCE FINANCIAL ADVISORS, LLC
RENN CAPITAL GROUP, INC.

$112,478,806
$167,004,141
$1,383,614,867
$47,634,054
$0
$0
$776,095,414
$119,119,695,857
$781,384,792
$3,587,494,000
$0
$56,900,000
$380,740,966
$770,459,000
$32,279,109
$3,472,518,261
$446,810,085
$1,750,000,000
$21,453,997,607
$824,534,261
$52,528,208
$749,698,265
$290,745,000
$72,038,790
$2,905,940,121
$154,118,878
$315,000,000
$300,831,367
$71,149,554,756
$277,316,933
$2,991,283,167
$141,000,000
$1,327,164,922
$168,060,000
$53,420,000
$272,369,247
$13,452,851,221
$35,564,000
$258,025,743
$154,414,091
$38,542,275,515
$0
$29,036,974,812
$44,597,756,734
$37,560,003
$9,776,766,898
$93,839,968
$12,943,621,780
$107,000,000
$89,907,769

X
X
X
X

X
X
X
X

X
X
X
X

X

X
X

X

X
X
X
X
X

X
X
X

X

X

X

X
X

X

X

X

X

X
X

X

X

X
X

X
X

X
X
X
X
X
X
X

X
X

X
X

X
X

X

X
X
X

X

X

X
X
X

X

X

X
X
X
X
X

X
X
X
X
X

X

X

X

X

X

X
X

X
X

X

X
X

X
X

X
X

X

X

X

X
X
X
X

X
X
X
X
X
X
X
X

X

X
X
X
X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-56409
801-70978
801-65681
801-76085
801-63700
801-51498
801-61786
801-7571
801-69115
801-61829
801-27265
801-69994
801-18423
801-73754
801-73698
801-7395
801-54859
801-55209
801-66927
801-38676
801-51127
801-62387
801-60080
801-70994
801-17157
801-60335
801-56576
801-47270
801-17141
801-74065
801-66139
801-61553
801-64721
801-64265
801-70969
801-73197
801-44325
801-71398
801-71909
801-66300
801-64043
801-55699
801-57937
801-70715
801-43144
801-56910
801-68385
801-67514
801-37472
801-37163

RESOURCE INVESTMENT ARCHITECTS, INC.
RETIREMENT MANAGEMENT SYSTEMS, INC.
RFFM
RITCHIE CAPITAL MANAGEMENT, L.L.C.
RIVERSTONE WEALTH MANAGEMENT
RMG CAPITAL ADVISORS LLC
ROBECO INVESTMENT MANAGEMENT
ROBERT W. BAIRD & CO. INCORPORATED
ROBERT WILLIAM SHOEMAKER,III
ROBLE, BELKO AND COMPANY, INC.
ROCHDALE INVESTMENT MANAGEMENT
ROGAN & ASSOCIATES
RONALD BLUE & CO. LLC
ROOSEVELT MANAGEMENT COMPANY LLC
ROSE GROVE CAPITAL MANAGEMENT, LLC
ROTHSCHILD INVESTMENT CORPORATION
ROYAL ALLIANCE ASSOCIATES, INC.
RREEF
RS INVESTMENTS
RTW FINANCIAL ADVISORS INC
RUBICON WEALTH MANAGEMENT, LLC
RUBY CORPORATION
RUDNEY ASSOCIATES, INC.
RUEDI HOLDER & ASSOCIATES, INC.
RUSSELL INVESTMENT GROUP
RUSSELL INVESTMENTS
RUSSELL INVESTMENTS
RUSSELL INVESTMENTS
RUSSELL INVESTMENTS
S.A.C. CAPITAL ADVISORS, L.P.
S.B. VALUE PARTNERS, L.P.
SAGE FINANCIAL GROUP INC.
SAGEPOINT FINANCIAL, INC.
SAGEVIEW ADVISORY GROUP, LLC
SAMMONS ADVISOR SERVICES
SAMSUNG ASSET MANAGEMENT COMPANY, LTD.
SAN FRANCISCO SENTRY INVESTMENT GROUP
SANDELL ASSET MANAGEMENT CORP.
SANDELL INVESTMENT SERVICES, L.L.C.
SANDERS MORRIS HARRIS INC.
SANDLER O'NEILL ADVISORS, L.P.
SANDS BROTHERS ASSET MANAGEMENT LLC
SANFORD C. BERNSTEIN & CO., LLC
SANTANDER INVESTMENT SECURITIES INC.
SAVANT CAPITAL MANAGEMENT
SAXON WOODS ADVISORS LLC
SAXONY CAPITAL MANAGEMENT, LLC
SBI FUNDS MANAGEMENT PRIVATE LIMITED
SCARBOROUGH CAPITAL MANAGEMENT, INC.
SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA LTD

$210,862,309
$590,839,779
$3,889,532,584
$477,500,000
$161,491,226
$106,456,328
$21,831,139,144
$39,514,281,470
$36,558,569
$312,615,623
$4,726,838,562
$196,772,695
$6,440,159,000
$544,200,000
$1,049,464,313
$974,350,000
$2,135,088,590
$13,115,958,381
$20,242,542,370
$317,000,000
$169,593,617
$21,000,000
$351,304,531
$210,988,938
$722,963,349
$83,455,839,229
$320,208,000
$6,885,270,000
$56,048,098,171
$43,827,960,417
$112,266,000
$1,016,296,442
$2,043,582,934
$14,400,000,000
$0
$96,788,680,265
$423,089,016
$1,134,314,382
$36,180,786
$837,442,084
$960,700,000
$73,671,205
$0
$231,134,827
$2,044,009,349
$585,191,289
$63,780,437
$2,095,873,746
$870,022,887
$24,633,151,404

X
X

X

X

X

X

X

X

X

X

X
X
X

X
X

X
X
X
X

X

X
X

X

X

X

X

X

X

X

X

X

X

X

X
X

X
X
X
X
X
X

X
X
X
X

X
X
X

X
X

X

X

X

X
X
X
X
X
X
X
X
X

X
X
X
X
X

X
X
X

X
X
X

X

X

X
X
X
X
X
X

X
X
X

X

X
X

X
X
X
X

X
X
X
X

X

X

X

X
X

X

X

X
X
X
X
X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-62112
801-35156
801-74119
801-40380
801-46564
801-68574
801-45152
801-45628
801-53815
801-24593
801-66463
801-71779
801-57721
801-38034
801-61089
801-66533
801-44699
801-62679
801-977
801-63630
801-56298
801-67767
801-54935
801-49530
801-70549
801-73570
801-49929
801-50704
801-50703
801-14301
801-56902
801-68175
801-61716
801-54641
801-65245
801-73593
801-55529
801-76627
801-20404
801-30405
801-65607
801-60468
801-61805
801-57201
801-70064
801-66131
801-74352
801-61989
801-50510
801-12471

SCHULTZE ASSET MANAGEMENT, LLC
SCHWERIN BOYLE CAPITAL MANAGEMENT, INC
SCOPUS ASSET MANAGEMENT, L.P.
SCOTT & STRINGFELLOW, LLC
SCOTTISH WIDOWS INVESTMENT PARTNERSHIP LTD
SEARLE & CO.
SECURIAN FINANCIAL SERVICES, INC.
SECURITIES AMERICA ADVISORS, INC.
SECURITY CAPITAL RESEARCH & MANAGEMENT INCORPORATED
SEI INVESTMENTS MANAGEMENT CORP
SEIDMAN INVESTMENT ADVISORS, LLC
SELECT ASSET MANAGEMENT, LLC
SENTINEL ASSET MANAGEMENT, INC.
SENTRY MANAGEMENT INC
SEQUOIA FINANCIAL ADVISORS, L.L.C.
SF INVESTMENT ADVISERS
SFMG WEALTH ADVISORS
SHAKER FINANCIAL SERVICES
SHUFRO, ROSE & CO., LLC
SIGNAL SECURITIES, INC.
SIGNATOR INVESTORS, INC.
SIGNATURE SECURITIES GROUP CORP.
SII INVESTMENTS, INC.
SILCHESTER INTERNATIONAL INVESTORS
SILVERBAY CAPITAL MANAGEMENT LLC
SIRIOS CAPITAL MANAGEMENT, L.P.
SISUNG INVESTMENT MANAGEMENT SERVICES LLC
SIXTY WALL STREET GP CORPORATION
SIXTY WALL STREET MANAGEMENT COMPANY, LLC
SLOCUM, GORDON & CO. LLP
SMITH HAYES ADVISERS INC
SMITH MOORE & CO.
SNW ASSET MANAGEMENT, LLC
SNYDER CAPITAL MANAGEMENT LP
SOF MANAGEMENT, LLC
SOUTHERN CROSS MANAGEMENT
SOUTHWEST SECURITIES, INC.
SP INVESTMENTS MANAGEMENT, LLC
SPC
SPECTRUM ASSET MANAGEMENT, INC.
SPINNER ASSET MANAGEMENT, LLC
SPIRE WEALTH MANAGEMENT, LLC
SPRING MOUNTAIN CAPITAL, LP
SPRINGER FINANCIAL ADVISORS
SPRINGWATER ADVISORS, LLC
SPROTT ASSET MANAGEMENT USA INC.
SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.
SSN ADVISORY, INC.
ST. BERNARD FINANCIAL SERVICES, INC.
ST. GERMAIN INVESTMENT MANAGEMENT

$167,475,288
$520,421,786
$3,364,305,945
$3,863,209,575
$212,203,179,569
$144,393,439
$3,660,680,883
$8,269,820,825
$5,270,311,894
$92,620,508,999
$40,165,750
$52,005,211
$26,553,000,000
$6,108,984,069
$590,127,876
$469,391,697
$436,482,788
$91,563,724
$1,355,150,000
$153,031,392
$1,447,184,429
$216,058,440
$1,985,845,726
$25,931,743,905
$555,587,922
$1,210,800,937
$1,312,812,318
$3,574,457
$68,216,948
$157,626,898
$884,088,429
$281,562,259
$1,331,550,848
$1,741,244,970
$33,031,091
$2,518,560,631
$492,533,115
$176,505,872
$1,400,000,000
$13,349,572,967
$384,000,000
$814,668,002
$1,573,367,615
$100,295,788
$0
$566,994,000
$420,491,752
$580,495,316
$115,271,889
$893,838,013

X

X
X

X
X
X

X

X
X

X

X
X

X

X

X
X
X

X
X

X
X
X

X
X

X
X

X
X

X
X

X
X

X

X

X
X

X
X

X
X
X
X
X
X

X
X

X

X

X

X
X
X

X

X
X
X
X
X

X

X

X

X

X
X

X
X
X
X
X
X

X
X

X

X
X

X
X
X
X

X
X
X

X

X

X

X
X

X

X
X

X
X

X
X
X
X
X

X
X
X
X
X
X

X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-60527
801-50374
801-65300
801-73942
801-8184
801-73389
801-60898
801-71505
801-15510
801-64360
801-10746
801-63899
801-57927
801-63408
801-72178
801-64228
801-8681
801-63263
801-57494
801-40244
801-56645
801-64042
801-29339
801-39938
801-19813
801-71479
801-71636
801-56443
801-63652
801-68454
801-67395
801-60812
801-62788
801-66750
801-64456
801-68315
801-19690
801-62650
801-68376
801-56667
801-60365
801-6642
801-29075
801-71746
801-60469
801-50261
801-46887
801-46997
801-42343
801-15125

STANDISH
STANFORD GROUP COMPANY
STARK INVESTMENTS
STARR PRINCIPAL HOLDINGS, LLC
STATE FARM INVESTMENT MANAGEMENT CORP.
STEELPOINT CAPITAL PARTNERS, LP
STEINBERG ASSET MANAGEMENT, LLC
STELLA CAPITAL, LLC
STEPHENS
STERLING STAMOS CAPITAL MANAGEMENT, L.P.
STIFEL, NICOLAUS & COMPANY, INCORPORATED
STONEBRIDGE ADVISORS LLC
STORIE ADVISORS, L.L.C.
STRAIGHTLINE
STRATEGIC PLANNING GROUP, INC.
STRATEGIC WEALTH MANAGEMENT GROUP
STRATTON MANAGEMENT COMPANY
STRUCTURED ASSET INVESTORS, LLC
STRUCTURED CREDIT PARTNERS LLC
SULLIVAN & SERWITZ
SUMMIT FINANCIAL GROUP INC
SUMMIT WEALTH MANAGEMENT, INC
SUMMIT WEALTH MANAGEMENT, INC
SUN CAPITAL ADVISERS LLC
SUNAMERICA ASSET MANAGEMENT CORP.
SUNBELT SECURITIES
SUNSET FINANCIAL SERVICES, INC.
SUNTRUST INVESTMENT SERVICES, INC.
SUTTERFIELD FINANCIAL GROUP, INC.
SUTTON WEALTH ADVISORS, INC.
SVL INVESTMENT MANAGEMENT
SWS FINANCIAL SERVICES, INC.
SYCAMORE FINANCIAL GROUP
SYMETRA INVESTMENT SERVICES, INC.
SYMPHONIC FINANCIAL ADVISORS LLC
SYNERGY INVESTMENT GROUP, LLC
SYNOVUS SECURITIES, INC.
TABR CAPITAL MANAGEMENT, LLC
TAGLICH BROTHERS, INC.
TATTERSALL ADVISORY GROUP INC
TCG ADVISORS, LP
TCW ASSET MANAGEMENT CO
TCW INVESTMENT MANAGEMENT CO
TCW-WLA JV VENTURE LLC
TD AMERITRADE, INC.
TD ASSET MANAGEMENT
TEACHERS ADVISORS, INC.
TEMPLETON ASSET MANAGEMENT LTD.
TEMPLETON GLOBAL ADVISORS LIMITED
TEMPLETON INVESTMENT COUNSEL, LLC

$66,329,779,756
$3,051,512,107
$8,910,417,780
$2,373,002,150
$13,216,203,748
$235,977,964
$2,019,418,033
$26,400,000
$4,172,380,328
$7,581,263,512
$15,904,068,549
$837,090,000
$16,700,000
$513,820,861
$145,000,000
$158,172,566
$1,891,916,793
$1,204,680,000
$1,903,479,783
$527,000,000
$988,140,000
$175,785,155
$517,000,000
$56,744,303,093
$32,993,454,068
$125,726,000
$104,527,829
$5,860,446,524
$126,589,552
$116,450,145
$42,863,941
$150,119,356
$221,484,283
$167,815,299
$161,397,409
$11,486,381
$1,093,103,520
$159,914,776
$64,499,046
$905,989,300
$347,333,299
$42,641,039,188
$18,093,363,633
$1,836,534,347
$0
$13,693,241,807
$45,518,159,423
$42,856,000,000
$41,807,530,592
$31,919,079,257

X
X

X

X
X

X
X
X

X
X

X

X

X
X

X
X

X
X

X

X
X

X

X

X

X

X

X

X

X

X

X

X
X
X

X

X

X
X
X
X
X
X
X
X
X
X

X
X
X
X

X
X
X
X
X
X
X
X

X
X
X

X
X
X
X
X
X
X
X
X

X
X
X

X
X
X
X
X
X
X
X

X

X
X
X
X
X
X
X

X

X

X
X
X
X
X
X
X
X
X

X
X
X
X
X
X

X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-63945
801-68047
801-63372
801-62074
801-63101
801-72504
801-73813
801-58253
801-6829
801-8147
801-66594
801-33850
801-58015
801-64553
801-62319
801-62835
801-70696
801-12484
801-8138
801-37906
801-63835
801-67447
801-70703
801-56741
801-63196
801-64988
801-60701
801-29618
801-63564
801-63550
801-74475
801-38029
801-56817
801-65608
801-47188
801-73271
801-18453
801-74010
801-72783
801-27662
801-73943
801-50585
801-72941
801-72942
801-65208
801-38618
801-60917
801-23822
801-55518
801-55428

TEN ASSET MANAGEMENT, INC.
TESSARA FINANCIAL ADVISORS, INC.
TEXAN CAPITAL
TFO-TDC, LLC
TFR ADVISORS LLP
THAMES RIVER CAPITAL LLP
THAYER ADVISORY GROUP LLC
THE BOGDAHN GROUP
THE BOSTON COMPANY ASSET MANAGEMENT LLC
THE DREYFUS CORPORATION
THE HOERNER PLANNING GROUP, LLC
THE HOGAN-KNOTTS FINANCIAL GROUP, INC.
THE HUNTINGTON INVESTMENT COMPANY
THE KOCEN FINANCIAL GROUP, INC.
THE MARSHALL FINANCIAL GROUP, INC
THE MUTUAL FUND STORE
THE PHILLIPS GROUP ADVISORS
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
THE WINCHESTER GROUP, INC.
THINKEQUITY LLC
THOMPSON DAVIS ASSET MANAGEMENT
THORNHILL SECURITIES, INC.
THOROUGHBRED FINANCIAL SERVICES, LLC
THREADNEEDLE INVESTMENTS
THRIVENT ASSET MANAGEMENT, LLC
THRIVENT FINANCIAL FOR LUTHERANS
THRIVENT INVESTMENT MANAGEMENT INC.
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.
TIAA-CREF ADVICE AND PLANNING SERVICES
TIAA-CREF ALTERNATIVES ADVISORS, LLC
TIAA-CREF INVESTMENT MANAGEMENT LLC
TIAA-CREF TUITION FINANCING, INC.
TIG ADVISORS LLC
TILDEN LOUCKS & WOODNORTH LLC
TOKIO MARINE ASSET MANAGEMENT (USA), LTD.
TOMPKINS FINANCIAL ADVISORS
TONTINE ASSET MANAGEMENT, LLC
TOSCAFUND ASSET MANAGEMENT
TOTH FINANCIAL ADVISORY CORP
TOURADJI CAPITAL MANAGEMENT LP
TOWER SQUARE SECURITIES, INC.
TPG CAPITAL ADVISORS, LLC
TPG GLOBAL ADVISORS, LLC
TRADEWINDS GLOBAL INVESTORS, LLC
TRANSAMERICA FINANCIAL ADVISORS, INC.
TRAPEZE ASSET MANAGEMENT INC.
TREMONT PARTNERS INC
TRIAD ADVISORS, INC.
TRINITY WEALTH ADVISORS LLC

$62,244,361
$40,124,659
$399,435,944
$982,995,906
$180,000,000
$4,828,220,200
$990,470,070
$0
$18,725,157,231
$342,610,023,690
$412,679,498
$144,136,260
$504,611,571
$100,442,671
$384,415,464
$107,732,959
$130,000,000
$1,493,804,889
$21,388,456,052
$720,119,000
$172,093,131
$88,370,179
$68,000,000
$781,460,000
$5,590,738,888
$14,141,572,960
$70,678,640,055
$4,777,901,697
$98,879,768
$4,582,308,860
$0
$180,036,697,240
$11,458,778,832
$1,706,362,886
$107,026,146
$91,328,948
$584,151,078
$617,100,000
$1,164,000,000
$235,492,600
$880,000,000
$270,049,549
$50,745,666,001
$50,745,666,001
$30,214,675,827
$2,691,708,222
$193,893,160
$553,501,884
$640,000,000
$199,000,000

X
X

X
X
X

X
X
X

X
X

X
X

X
X

X

X
X
X

X
X
X

X
X

X

X

X

X

X
X
X
X
X

X

X

X

X

X
X
X

X
X
X

X
X

X

X

X

X
X
X

X
X
X

X
X
X
X
X
X
X
X
X
X
X
X

X

X
X
X
X
X
X
X
X

X
X
X
X

X
X

X
X
X
X
X
X
X

X

X
X
X
X
X
X
X
X
X
X

X
X
X
X
X
X
X
X
X

X

X
X
X
X
X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-70259
801-30694
801-71214
801-10669
801-74132
801-60125
801-68122
801-53770
801-56852
801-7163
801-55537
801-34910
801-58033
801-57469
801-45426
801-67178
801-63660
801-57401
801-36371
801-62967
801-67179
801-70084
801-57198
801-68696
801-61492
801-31359
801-51733
801-55953
801-68276
801-61898
801-56622
801-56578
801-69870
801-71699
801-67070
801-54952
801-25300
801-72406
801-67557
801-71658
801-54617
801-49601
801-71971
801-11953
801-63230
801-51795
801-29438
801-33224
801-57191
801-74000

TRUBEE, COLLINS & CO., INC.
TRUSTMONT ADVISORY GROUP, INC.
TUNSTALL CAPITAL MANAGEMENT, L.P.
TWEEDY, BROWNE COMPANY LLC
TWIN BRIDGE CAPITAL PARTNERS, LLC
U.S. BANCORP ASSET MANAGEMENT, INC.
U.S. BANCORP INVESTMENTS, INC.
UBS AGRIVEST LLC
UBS EUCALYPTUS MANAGEMENT, L.L.C.
UBS FINANCIAL SERVICES INC.
UBS FUND ADVISOR, L.L.C.
UBS GLOBAL ASSET MANAGEMENT (AMERICAS) INC.
UBS JUNIPER MANAGEMENT, L.L.C.
UBS OCONNOR LLC
UBS REALTY INVESTORS LLC
UBS SECURITIES LLC
UBS SWISS FINANCIAL ADVISERS
UBS WILLOW MANAGEMENT, L.L.C.
ULLICO INVESTMENT ADVISORS, INC.
UMB FINANCIAL SERVICES, INC.
UMPQUA INVESTMENTS, INC.
UNIONBANC INVESTMENT SERVICES, LLC
UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER
UNIVERSA INVESTMENTS L.P.
UPROMISE INVESTMENT ADVISORS, LLC
URDANG CAPITAL MANAGEMENT INC
URDANG SECURITIES MANAGEMENT INC
US FINANCIAL ADVISORS, LLC
USA FINANCIAL SECURITIES CORPORATION
USA WEALTH MANAGEMENT LLC
USI ADVISORS
USI SECURITIES, INC.
UTC FUND SERVICES, INC.
VALCOUR CAPITAL MANAGEMENT LLC
VALENTINE CAPITAL ASSET MANAGEMENT, INC.
VALIC FINANCIAL ADVISORS, INC.
VALLEY FORGE ASSET MANAGEMENT CORP.
VALUE PARTNERS HONG KONG LIMITED
VALUE PARTNERS LIMITED
VALUEACT CAPITAL MANAGEMENT, L.P.
VANDERBILT CAPITAL ADVISORS LLC
VANGUARD ADVISERS INC
VANGUARD CAPITAL
VANGUARD GROUP INC
VANTAGE ADVISORS, LLC
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.
VAUGHAN NELSON TRUST COMPANY
VECTOR MONEY MANAGEMENT INC
VENUS CAPITAL MANAGEMENT INC
VERITION FUND MANAGEMENT LLC

$91,162,331
$343,000,000
$48,195,200
$12,937,694,686
$968,544,000
$50,625,117,613
$1,875,257,035
$0
$264,192,587
$185,299,672,203
$4,793,995,365
$149,285,202,063
$25,378,949
$14,681,813,379
$1,500,000,000
$0
$3,846,158,000
$136,945,764
$1,287,102,035
$0
$321,036,862
$320,225,431
$1,116,391,084
$40,998,347
$28,612,208,436
$1,337,781,000
$2,912,673,000
$147,866,083
$65,058,431
$26,545,376
$1,847,577,042
$0
$29,830,591
$115,000,000
$481,105,600
$9,543,288,781
$3,505,975,436
$486,144,662
$6,645,948,081
$6,581,793,895
$4,647,286,802
$22,047,397,853
$114,000,000
$1,553,575,719,728
$63,239,737
$7,335,838,000
$239,700,000
$90,819,516
$95,000,000
$955,100,000

X

X

X
X
X

X
X

X

X

X

X

X
X
X
X
X
X
X
X
X
X
X

X
X
X
X
X
X
X
X
X
X
X

X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X

X

X
X

X
X
X

X
X

X
X

X

X
X
X
X
X
X
X
X
X
X
X
X
X
X
X

X

X

X

X
X

X

X
X
X

X
X
X
X
X

X
X

X
X

X
X

X
X
X

X
X

X

X
X
X

X
X
X
X
X
X

X
X
X
X
X

X
X

X

X

X
X

X

X
X
X
X

X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-71237
801-68496
801-56605
801-71982
801-57975
801-71541
801-61672
801-60397
801-40372
801-16720
801-62029
801-58292
801-62161
801-19420
801-70781
801-72228
801-64233
801-11916
801-60749
801-60183
801-61306
801-74176
801-6358
801-63968
801-71151
801-70755
801-70712
801-21122
801-57434
801-37967
801-58237
801-69552
801-63237
801-71657
801-68953
801-70090
801-29690
801-53842
801-29733
801-61945
801-63318
801-37145
801-688
801-41081
801-36233
801-5182
801-68877
801-63905
801-67779
801-72458

VERITRUST FINANCIAL, LLC
VERMILLION ASSET MANAGEMENT, LLC
VIKING FUND MANAGEMENT LLC
VINING-SPARKS ASSET MANAGEMENT, LLC
VISION INVESTMENT ADVISORS, LLC
VISION2020 WEALTH MANAGEMENT CORP.
VSR ADVISORY SERVICES
W.WALL AND COMPANY, INC.
WADDELL & REED INVESTMENT MANAGEMENT CO
WADDELL & REED, INC.
WALL STREET ACCESS ASSET MANAGEMENT, LLC
WALL STREET FINANCIAL GROUP, INC
WALNUT STREET SECURITIES, INC.
WALTER SCOTT & PARTNERS LIMITED
WANGER OMNIWEALTH, LLC
WATERFIELD ASSET MANAGEMENT, LLC
WAYNE HUMMER INVESTMENTS L.L.C.
WCM INVESTMENT MANAGEMENT
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC
WEALTHCARE CAPITAL MANAGEMENT, INC.
WEAVER WEALTH MANAGEMENT
WEDBUSH ASSET MANAGEMENT, LLC
WEDBUSH SECURITIES INC.
WEISERMAZARS WEALTH ADVISORS, LLC
WEISS MULTI-STRATEGY ADVISERS LLC
WELLINGTON SHIELDS & CO., LLC
WELLINGTON SHIELDS CAPITAL MANAGEMENT, LLC
WELLS CAPITAL MANAGEMENT INC
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC
WELLS FARGO ADVISORS, LLC
WELLS FARGO FUNDS MANAGEMENT, LLC
WESPAC ADVISORS, LLC
WEST GATE ADVISORS, LLC
WESTERN ASSET MANAGEMENT COMPANY DISTRIBUIDORA DE TÍTULOS E VALO
WESTERN INTERNATIONAL SECURITIES
WESTERN PACIFIC CAPITAL MANAGEMENT, LLC
WESTMINSTER FINANCIAL ADVISORY CORP
WESTPORT CAPITAL MARKETS, LLC
WESTPORT RESOURCES MANAGEMENT INC
WFG ADVISORS, LP
WILBANKS SECURITIES ADVISORY
WILEY BROS.-AINTREE CAPITAL, LLC
WILLIAM BLAIR & COMPANY L.L.C.
WILMINGTON TRUST INVESTMENT MANAGEMENT
WILSHIRE ASSOCIATES INCORPORATED
WILSON, KEMP & ASSOCIATES, INC.
WIN TEAM ADVISORY SERVICES
WINSLOW, EVANS & CROCKER, INC.
WL ROSS & CO. LLC
WOLVERINE ASSET MANAGEMENT, LLC

$62,942,145
$2,871,436,447
$769,194,359
$488,859,000
$416,615,462
$0
$2,641,787,586
$26,002,668
$36,582,821,071
$7,593,242,479
$235,480,381
$578,733,760
$932,674,677
$47,098,062,840
$223,657,350
$2,427,568,529
$2,497,009,685
$1,390,000,000
$1,858,811,689
$517,619,489
$329,819,592
$149,727,493
$1,074,135,697
$130,000,000
$5,495,490,794
$228,850,859
$846,008,978
$315,673,027,329
$20,235,893,121
$220,584,935,856
$227,218,550,395
$657,153,251
$1,539,937
$17,684,010,730
$550,000,000
$40,000,000
$136,000,000
$231,301,241
$389,294,128
$889,504,508
$99,300,000
$255,106,626
$43,967,983,917
$2,429,037,979
$80,345,683,753
$1,449,908,673
$100,232,241
$267,452,198
$8,577,193,000
$6,005,087,593

X
X
X

X

X

X

X

X

X
X

X
X

X
X
X

X
X
X
X
X

X
X
X

X
X
X

X
X

X

X

X
X

X

X

X
X

X

X
X

X
X

X
X

X
X
X

X

X
X

X

X

X

X
X
X
X

X
X

X

X
X

X
X

X
X

X

X

X

X

X
X
X

X
X
X
X

X
X

X
X

X
X

X
X
X

X
X
X

X

X
X
X

X
X
X
X
X
X
X
X
X

X
X

X

X

X

X

X

X

X
X
X

X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-69939
801-54905
801-55551
801-65881
801-67327
801-56328
801-68763
801-28591
801-67275
801-42253
801-64818
801-73479
801-62374
801-73404
Total:

WOOD CREEK CAPITAL MANAGEMENT, LLC
WOODBURY FINANCIAL SERVICES, INC.
WOODLANDS ASSET MANAGEMENT INC
WOODSTOCK FINANCIAL GROUP, INC.
WORLD ASSET MANAGEMENT, INC.
WORLD EQUITY GROUP, INC.
WORLD TREND FINANCIAL PLANNING SERVICES, LTD.
WULF BATES & MURPHY INC
WUNDERLICH SECURITIES, INC.
WYSER PRATTE MANAGEMENT CO INC
YIM INVESTMENT MANAGEMENT, LLC
YORKVILLE ADVISORS, LLC
YOSEMITE CAPITAL MANAGEMENT
YUCAIPA MASTER MANAGER, LLC
1315 Investment Advisors

$479,940,486
$1,803,283,347
$137,556,750
$143,432,844
$13,658,767,834
$433,000,000
$135,000,000
$10,600,000
$586,239,131
$58,169,689
$128,728,000
$304,200,000
$189,624,067
$3,604,329,439
$23,058,140,141,400

X

X

X

X
X

X
X

X
X

X
X

X
X
X

X
X
X
X

X

X

X
X

X
X

X

X

X

X

X

X
X
X

X
X

1) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to any felony?
2) In the past 10 years, have you or any advisory affiliate been convicted of or pled guilty or nolo contender (“no contest”) in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false
statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit any of these offenses?
3) Has the Securities and Exchange Commission (“SEC”) or the Commodity Futures Trading Commission (“CFTC”) ever found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
4) Has the SEC or the CFTC ever entered an order against you or an advisory affiliate in connection with investment-related activity?
5) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
6) Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority, in the past 10 years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
7) Has any self-regulatory organization or commodities exchange ever found you or any advisory affiliate to have been involved in a violation of its rules (other than a rule designated as a “minor rule violation” under a plan approved by the SEC)?
8) Has any domestic or foreign court ever found that you or an advisory affiliate were involved in a violation of investment-related statues or regulations?

801-61077
801-76747
801-68254
801-70324
801-60100
801-72538
801-71499
801-72665
801-74210
801-47993
801-76667
801-73360
801-72753
801-66107
801-71606
801-70637
801-71952
801-74692
801-64608
801-58183
801-68066
801-69750
801-73162
801-71758
801-64383
801-72960
801-72768
801-72813
801-64469
801-73872
801-60075
801-73161
801-62557
801-71322
801-27914
801-53342
801-75074
801-62020
801-49966
801-25821
801-71255
801-51382
801-56383
801-73401
801-73167
801-68497
801-68597
801-74147
801-74146
801-62188

10-15 ASSOCIATES, INC.
1207 CAPITAL GROUP, LLC
12TH AVENUE MANAGEMENT, L.P.
16TH AMENDMENT ADVISORS LLC
1ST SOURCE CORPORATION INVESTMENT ADVISORS, INC.
20 GATES MANAGEMENT LLC
2100 XENON GROUP
25 CAPITAL PARTNERS, LLC
3 TWELVE CAPITAL
300 NORTH CAPITAL
360 WEALTH MANAGEMENT, LLC
3I CORPORATION
401 (K) GPS, INC.
401(K) ADVISORS, INC.
401K GENERATION
401KFUNDADVICE LLC
440 INVESTMENT GROUP, LLC
4THOUGHT FINANCIAL GROUP INC.
57 STARS LLC
5T WEALTH MANAGEMENT, LLC
5TH STREET ADVISORS, LLC
6800 CAPITAL, L.L.C.
683 CAPITAL MANAGEMENT, LLC
7TWELVE ADVISORS, LLC
A&F FINANCIAL ADVISORS LLC
A.E. GOSLIN CAPITAL MANAGEMENT LLC
A.G. BISSET ASSOCIATES, LLC
A.L. STUART INVESTMENTS, LLC
A.P. MANAGEMENT COMPANY, LLC
A.R.T. ADVISORS, LLC
AAM
ABACUS CAPITAL GROUP, LLC
ABACUS WEALTH PARTNERS
ABBEY CAPITAL LIMITED
ABBOTT CAPITAL MANAGEMENT LLC
ABENS FINANCIAL SERVICES INC
ABERDEEN ASSET MANAGERS LIMITED
ABERDEEN ASSET MANAGEMENT ASIA LIMITED
ABERDEEN ASSET MANAGEMENT INC.
ABERDEEN ASSET MANAGEMENT LIMITED
ABERNATHY GROUP II LLC
ABG INVESTMENT SERVICES INC
ABG PORTFOLIO STRATEGIES, INC.
ABINGWORTH MANAGEMENT INC.
ABRAMS CAPITAL MANAGEMENT, L.P.
ABRIDGE PARTNERS, LLC
ABRIDGE PARTNERS, LLC
ABRY PARTNERS II, LLC
ABRY PARTNERS, LLC
ABS INVESTMENT MANAGEMENT

$448,351,698
$75,611,983
$215,689,124
$111,932,220
$2,597,338,859
$20,886,710,000
$201,590,481
$387,373,165
$179,000,000
$438,117,966
$0
$1,303,375,442
$0
$12,876,420,312
$70,167,689
$0
$46,548,695
$0
$1,474,060,500
$111,826,302
$90,285,004
$694,112,000
$183,000,000
$2,000,000
$176,510,305
$1,500,000
$1,950,000,000
$140,680,044
$4,604,749,487
$4,570,564,000
$15,805,315,416
$448,970,000
$681,384,851
$4,300,633,229
$7,148,988,448
$175,166,108
$175,384,540,000
$79,953,253,377
$12,457,087,941
$18,475,235,361
$75,000,000
$1,636,043,329
$466,918,515
$325,539,587
$5,757,450,955
$191,036,005
$234,098,339
$1,633,943,227
$7,165,400,000
$3,873,284,363

X
X
X
X
X
X
X
X

X
X
X
X
X
X
X

X
X
X
X
X
X
X

1) Item 5(I)(1): “Do you sponsor a wrap program?”
2) Item 6: Other Business Activities. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
3) Item 7: Financial Industry Affiliations. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
4) Item 8: Interest in Client Transactions. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
5) Item 11: Regulatory Disclosure. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.

X

X
X
X

X

X
X
X

X
X
X
X
X
X
X

X

X
X
X
X

X
X
X
X
X
X
X
X
X

X
X
X
X
X
X
X

X
X
X
X
X
X
X
X

X
X
X

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Regulatory AUM
$3,042,000,000
$337,642,160
$575,286,511
$102,901,162
$42,200,390,344
$1,667,806,549
$4,752,857
$95,864,836
$16,710,754
$189,402,327
$1,153,000,000
$338,612,126
$184,890,169
$310,365,800
$3,700,000,000
$4,589,816
$34,759,454
$318,612,500
$669,030,548
$7,152,831
$205,661,331
$60,000,000
$646,158,509
$144,400,000
$0
$484,001,819
$135,853,460
$114,000,000
$60,708,807
$70,376,104
$164,067,049
$1,790,630,745
$1,412,702,634
$21,363,627,776
$490,823,000
$30,528,443,794
$194,667,979
$2,377,617,633
$27,761,411
$181,890,001
$1,281,432,854
$6,152,693,227
$47,742,572
$12,522,215
$95,269,632
$654,474,300
$103,441,553
$0
$23,626,160,705
$19,580,088,451

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Primary Business Name
ABSOLUTE RETURN CAPITAL, LLC
ABUNDANCE WEALTH COUNSELORS, LLC
AC INVESTMENT MANAGEMENT LLC
ACA/PRUDENT INVESTORS PLANNING CORPORATION
ACADIAN ASSET MANAGEMENT
ACCEL-KKR
ACCESS CAPITAL MANAGEMENT, LLC
ACCESS FINANCIAL GROUP, INC.
ACCESS GLOBAL ADVISORS
ACCESS WEALTH PLANNING, LLC
ACCOLADE INVESTMENT ADVISORY, LLC
ACCOLADE PARTNERS
ACCRUED EQUITIES INC.
ACG ADVISORY SERVICES INC
ACI CAPITAL GROUP
ACKER FINLEY ASSET MANAGEMENT USA INC.
ACKERMAN ASSET MANAGEMENT, LLC
ACON EQUITY MANAGEMENT L.L.C.
ACON FUNDS MANAGEMENT, LLC
ACON INVESTMENTS MANAGEMENT L.L.C.
ACON LATAM MANAGEMENT, LLC
ACON SAGA MANAGER L.L.C.
ACORN ADVISORY CAPITAL, L.P.
ACORN FINANCIAL ADVISORY SERVICES, INC.
ACS HR SOLUTIONS, LLC
ACT II MANAGEMENT, L.P. (RELYING ADVISER)
ACUMEN FINANCIAL ADVISORS, LLC
ADA INVESTMENT MANAGEMENT LP
ADAM & PARTNERS INVESTMENT ADVISORS, LLC
ADAM FINANCIAL ASSOCIATES INC
ADAM SMITH ADVISORS, LLC
ADAMAS PARTNERS, LLC
ADAMS HALL WEALTH ADVISORS, LLC
ADAMS STREET PARTNERS, LLC
ADAR INVESTMENT MANAGEMENT LLC
ADDENDA CAPITAL
ADDISON AVENUE FINANCIAL PARTNERS, LLC
ADELANTE CAPITAL MANAGEMENT LLC
ADER INVESTMENT MANAGEMENT LP
ADIRONDACK FINANCIAL SERVICES CORP
ADVANCE CAPITAL MANAGEMENT INC
ADVANCED CAPITAL GROUP
ADVANCED FINANCIAL PLANNING
ADVANCED FINANCIAL SOLUTIONS, INC.
ADVANCED FINANCIAL STRATEGIES INC
ADVANCED INVESTMENT PARTNERS, LLC
ADVANCED PRACTICE ADVISORS, LLC
ADVANCED QUANTITATIVE CONSULTING
ADVANTUS CAPITAL MANAGEMENT, INC.
ADVENT INTERNATIONAL CORP

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SEC Number
801-69072
801-60373
801-66922
801-56596
801-28078
801-74133
801-71387
801-68401
801-71854
801-60406
801-68695
801-74190
801-15504
801-39127
801-72597
801-56769
801-71584
801-74406
801-74407
801-74421
801-74408
801-74423
801-63741
801-66477
801-61145
801-61546
801-71042
801-73762
801-67278
801-57854
801-70554
801-73406
801-51988
801-58169
801-63646
801-64799
801-63997
801-48599
801-63257
801-64779
801-28092
801-65944
801-67765
801-70973
801-57835
801-70008
801-71514
801-71487
801-47262
801-29357

X
X
X

X
X

X
X

X
X
X
X

X
X

X
X

X
X
X
X

X
X

X

X
X
X
X
X
X
X
X
X
X
X
X
X
X
X

X
X

X

X
X

X
X
X
X
X
X
X

X

X
X
X

X
X

1) Item 5(I)(1): “Do you sponsor a wrap program?”
2) Item 6: Other Business Activities. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
3) Item 7: Financial Industry Affiliations. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
4) Item 8: Interest in Client Transactions. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
5) Item 11: Regulatory Disclosure. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.

X

X
X
X
X
X

X
X
X

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Regulatory AUM
$345,914,164
$93,000,000
$283,236,238
$363,700,000
$67,761,648
$199,002,952
$125,720,695
$96,492,128
$1,108,824,767
$8,621,558,894
$964,448,356
$154,090,478
$85,000,000
$50,466,622
$13,669,443
$92,805,365
$113,547,406,938
$695,700,000
$128,475,237
$270,205,253
$1,879,069,000
$691,061,350
$101,472,927
$994,889,707
$212,967,500
$104,200,000
$90,500,000
$1,509,944,228
$0
$126,123,298
$279,773,000
$215,402,187
$471,360,173
$1,945,603,780
$786,347,658
$13,976,717
$500,052,392
$9,100,500,000
$238,667,709
$106,516,619
$658,571,033
$115,806,063
$531,151,361
$781,000,000
$40,006,935,625
$3,248,097,459
$0
$1,348,593,022
$83,400,000
$252,553,834

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Primary Business Name
ADVICEONE ADVISORY SERVICES, LLC
ADVISEME NATIONAL ADVISORS
ADVISOR FINANCIAL SERVICES, LLP
ADVISORS CAPITAL MANAGEMENT, LLC
ADVISORS FINANCIAL, INC.
ADVISORS MANAGEMENT GROUP INC
ADVISORS PREFERRED LLC
ADVISORY ALPHA, LLC
ADVISORY CONSULTING GROUP LLC
ADVISORY RESEARCH INC
ADVISORY SERVICES & INVESTMENTS, LLC
ADVISORY SERVICES NETWORK
ADVOCACY WEALTH MANAGEMENT SERVICES, LLC
ADVOCATE WEALTH MANAGEMENT, LLC
AEGIS ASSET MANAGEMENT INC
AEGIS FINANCIAL ADVISORS INC
AEGON USA INVESTMENT MANAGEMENT, LLC
AEPG WEALTH STRATEGIES
AEQUITAS INVESTMENT MANAGEMENT, LLC
AETHER INVESTMENT PARTNERS, LLC
AETNA ASSET ADVISORS, LLC
AETNA CAPITAL MANAGEMENT, LLC
AFFILIATED FINANCIAL ADVISORS INC
AFFINITY INVESTMENT ADVISORS, LLC
AFFINITY WEALTH MANAGEMENT, INC.
AFTON CAPITAL MANAGEMENT
AG FINANCIAL, LLC
AGF INVESTMENTS AMERICA INC. / PLACEMENTS AGF AMÉRIQUE INC.
AGFE
AGH WEALTH ADVISORS, LLC
AH LISANTI CAPITAL GROWTH, LLC
AHM ASSET MANAGEMENT, LLC
AIRLIE OPPORTUNITY CAPITAL MANAGEMENT LP
AKINA LIMITED
AKRE CAPITAL MANAGEMENT, LLC
AKROS CAPITAL, LLC
AKT WEALTH ADVISORS, LP
ALADDIN CAPITAL MANAGEMENT LLC
ALAMO ASSET ADVISORS
ALBANESE HEMSLEY & TUSSING LTD
ALBION FINANCIAL GROUP
ALBITZ/MILOE AND ASSOCIATES, INC.
ALBRIGHT CAPITAL MANAGEMENT LLC
ALBRITTON CAPITAL MANAGEMENT CO
ALCATEL-LUCENT INVESTMENT MANAGEMENT CORPORATION
ALDEN GLOBAL CAPITAL
ALDWYCH CAPITAL
ALERUS INVESTMENT ADVISORS CORPORATION
ALEXANDER CAPITAL ADVISORS, LLC
ALEXANDER RANDOLPH ADVISORY INC

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SEC Number
801-62125
801-67299
801-60222
801-62058
801-68238
801-33545
801-72430
801-72499
801-67391
801-14172
801-55026
801-71112
801-67467
801-70855
801-42446
801-38791
801-60667
801-32089
801-68039
801-70573
801-73710
801-64865
801-57519
801-42015
801-20503
801-73322
801-66579
801-68681
801-76809
801-69091
801-62639
801-56226
801-64187
801-64951
801-57156
801-64636
801-69190
801-61518
801-70582
801-30081
801-18270
801-22365
801-67122
801-39296
801-56438
801-73906
801-71247
801-68381
801-66663
801-39091

X
X
X

X
X

X

X
X
X
X
X
X
X

X
X

X
X
X

X
X
X

X

X
X

X

X
X
X
X
X
X
X

X
X
X
X
X

X
X
X
X

X
X

X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X

X
X
X

X

X
X

X

1) Item 5(I)(1): “Do you sponsor a wrap program?”
2) Item 6: Other Business Activities. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
3) Item 7: Financial Industry Affiliations. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
4) Item 8: Interest in Client Transactions. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
5) Item 11: Regulatory Disclosure. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.

X
X

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Regulatory AUM
$504,010,505
$647,214,000
$7,800,000,000
$135,000,000
$144,000,000
$52,000,000
$3,700,000,000
$3,575,314,489
$530,000,000
$637,800,000
$202,000,000
$2,364,817,885
$321,049,000
$307,263,000
$195,492,271
$2,191,815,618
$59,517,830,735
$13,700,196,252
$281,660,047
$33,126,143
$49,416,240
$273,531
$8,783,040,702
$257,000,000
$229,221,000
$124,239,481
$0
$408,000,000
$92,915,792
$164,848,000
$70,103,936
$0
$6,154,172
$1,000,000
$272,988,487
$118,825,716
$180,855,897
$239,335,988
$281,875,838
$27,000,000
$40,900,000,000
$6,204,927,931
$738,304,853
$240,000,000
$529,200,000
$285,926,014
$108,620,544
$748,750,000
$130,778,817
$39,602,876

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Primary Business Name
ALEXANDRA & JAMES ADVISORY SERVICES, LLC
ALGEBRIS INVESTMENTS (UK) LLP
ALINDA CAPITAL PARTNERS LTD
ALISON, LLC
ALJ CAPITAL MANAGEMENT, LLC
ALJEN ASSET MANAGEMENT LLC
ALKEN ASSET MANAGEMENT, LLP
ALKEON CAPITAL MANAGEMENT, LLC
ALL STAR FINANCIAL INC
ALLARD PARTNERS LIMITED
ALLARIA LEDESMA & CIA
ALLEN INVESTMENT MANAGEMENT, LLC
ALLEN, MOONEY & BARNES INVESTMENT ADVISORS, LLC
ALLIANCE INVESTMENT ADVISORS LLC
ALLIANCE INVESTMENT MANAGEMENT, LLC
ALLIANZ CAPITAL PARTNERS OF AMERICA, INC.
ALLIANZ GLOBAL INVESTORS EUROPE GMBH
ALLIANZ GLOBAL INVESTORS MANAGED ACCOUNTS LLC
ALLIANZ GLOBAL INVESTORS SOLUTIONS LLC
ALLIED BEACON WEALTH MANAGEMENT, LLC
ALLISON SPIELMAN ADVISORS, LLC
ALLOS INVESTMENT ADVISORS, LLC
ALLSTATE INVESTMENT MANAGEMENT COMPANY
ALPHA & OMEGA
ALPHA CAPITAL MANAGEMENT LLC
ALPHA CAPITAL MANAGEMENT, LLC
ALPHA CENTAURI WEALTH MANAGEMENT INC.
ALPHA FIDUCIARY
ALPHA INVESTMENT MANAGEMENT
ALPHA OMEGA WEALTH MANAGEMENT, LLC
ALPHA TITANS LLC
ALPHA WEALTH MANAGEMENT AND PLANNING LLC
ALPHACLONE LLC
ALPHAHEDGE CAPITAL PARTNERS, LLC
ALPHAMARK ADVISORS, LLC
ALPHASOURCE INVESTMENT COUNSEL, INC
ALPINE CAPITAL STRATEGIES LLC
ALPINE INVESTMENT MANAGEMENT,LLC
ALPINE INVESTORS
ALPINE WEALTH MANAGEMENT LLC
ALPINVEST PARTNERS B.V.
ALPS ADVISORS, INC.
ALTA CAPITAL MANAGEMENT LLC
ALTAIR MANAGEMENT PARTNERS, INC.
ALTAMONT CAPITAL PARTNERS
ALTAVISTA WEALTH MANAGEMENT, INC.
ALTERNA WEALTH MANAGEMENT, LLC.
ALTFEST PERSONAL WEALTH MANAGEMENT
ALTIUM WEALTH MANAGEMENT LLC
ALTOS FINANCIAL MANAGEMENT, LLC

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SEC Number
801-68831
801-72338
801-74039
801-63466
801-65581
801-62652
801-76708
801-60773
801-41736
801-66071
801-68627
801-61985
801-60350
801-72905
801-72208
801-74280
801-72577
801-54740
801-69607
801-72701
801-60788
801-72028
801-30535
801-45517
801-74260
801-67035
801-63821
801-68218
801-53966
801-70136
801-68680
801-76733
801-70889
801-72983
801-58156
801-68258
801-60504
801-60694
801-73159
801-69928
801-72890
801-67135
801-50778
801-54532
801-73701
801-62511
801-71580
801-18320
801-71774
801-52394

X
X
X

X
X
X

X
X
X

X

X
X
X

X
X
X

X
X

X
X
X
X
X
X
X
X
X
X

X
X
X
X
X
X
X

X
X

X

X
X

X
X

X

X
X
X
X
X

X
X
X
X
X

X

1) Item 5(I)(1): “Do you sponsor a wrap program?”
2) Item 6: Other Business Activities. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
3) Item 7: Financial Industry Affiliations. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
4) Item 8: Interest in Client Transactions. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
5) Item 11: Regulatory Disclosure. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.

X
X

X
X
X
X
X
X
X

X

X
X
X
X

X
X

X
X

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Regulatory AUM
$4,415,233,473
$22,000,000
$1,139,229,093
$1,917,409,168
$581,982,149
$1,090,488,336
$230,000,000
$163,280,471
$944,306,947
$40,625,771,978
$2,682,000,000
$0
$117,000,616,428
$46,986,173
$157,266,074
$128,795,627
$77,158,444
$1,385,767,248
$76,547,074
$1,138,984,715
$563,000,000
$42,991,084
$234,004,921
$26,368,000,000
$161,284,869
$94,055,000
$1,825,000,000
$577,373,554
$8,857,315,445
$1,003,241,315
$120,000,000
$162,382,510
$67,205,160
$280,230,094
$626,303,390
$646,179,480
$27,262,175
$7,178,270,906
$234,372,348
$0
$33,389,097,108
$686,283,769
$5,919,234,287
$450,000,000
$67,165,081
$237,443,143
$5,290,839,631
$30,659,500
$282,169,338
$13,257,115,431

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Primary Business Name
ALYESKA INVESTMENT GROUP, L.P.
AM INVESTMENT PARTNERS LLC
AMBASSADOR CAPITAL MANAGEMENT
AMBER CAPITAL INVESTMENT MANAGEMENT
AMBS INVESTMENT COUNSEL LLC
AMEGY INVESTMENTS, INC.
AMERICA FIRST INVESTMENT ADVISORS LLC
AMERICAFIRST CAPITAL MANAGEMENT, LLC
AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC
AMERICAN BEACON ADVISORS, INC.
AMERICAN CAPITAL, LLC
AMERICAN CENTURY ADVISORY SERVICES, INC.
AMERICAN CENTURY INVESTMENT MANAGEMENT INC
AMERICAN COMMUNITY WEALTH MANAGEMENT, LLC
AMERICAN FIDELITY ASSURANCE CO
AMERICAN FINANCIAL MANAGEMENT GROUP, LTD.
AMERICAN FINANCIAL MANAGEMENT LTD
AMERICAN INDEPENDENCE FINANCIAL SERVICES, LLC
AMERICAN INDEPENDENT SECURITIES GROUP, LLC
AMERICAN INDUSTRIAL PARTNERS
AMERICAN INVESTMENT PLANNERS LLC
AMERICAN INVESTMENT SERVICES
AMERICAN INVESTORS CO
AMERICAN MONEY MANAGEMENT CORPORATION ("AMMC")
AMERICAN MONEY MANAGEMENT, LLC
AMERICAN PLANNING GROUP INC
AMERICAN PORTFOLIOS ADVISORS, INC
AMERICAN REALTY ADVISORS
AMERICAN SECURITIES LLC
AMERICAN SECURITIES OPPORTUNITIES ADVISORS, LLC
AMERICAN TRUST INVESTMENT ADVISORS, LLC
AMERICAN WEALTH MANAGEMENT
AMERICU CAPITAL MANAGEMENT, LLC
AMERRA CAPITAL MANAGEMENT, LLC
AMHERST ADVISORY & MANAGEMENT LLC
AMI ASSET MANAGEMENT CORP
AMICUS FINANCIAL ADVISORS, LLC
AMP CAPITAL BROOKFIELD (US) LLC
AMP CAPITAL INVESTORS (US) LIMITED
AMSTAR ADVISERS, LLC
AMUNDI JAPAN LTD.
ANALYST EXCHANGE AND TRADING SERVICES LTD.
ANALYTIC INVESTORS, LLC
ANCHIN WEALTH MANAGEMENT LLC
ANCHOR BAY CAPITAL, INC.
ANCHOR CAPITAL
ANCHOR CAPITAL ADVISORS LLC
ANCHOR FINANCIAL GROUP
ANCHOR/RUSSELL CAPITAL ADVISORS LLC
ANCHORAGE CAPITAL GROUP, L.L.C.

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SEC Number
801-71962
801-63029
801-55360
801-64730
801-49983
801-61121
801-41702
801-67636
801-65209
801-29198
801-74279
801-61414
801-8174
801-69317
801-8231
801-61084
801-20003
801-63953
801-69138
801-74196
801-71988
801-68338
801-57838
801-74530
801-60976
801-57673
801-61065
801-37721
801-73714
801-73718
801-60454
801-70453
801-76688
801-72107
801-72061
801-47318
801-68996
801-67335
801-72039
801-72092
801-17987
801-50826
801-7082
801-60239
801-62158
801-61643
801-18930
801-33340
801-34634
801-65582

X
X
X
X
X
X

X
X
X
X
X

X
X
X

X

X
X
X
X

X
X
X
X

X
X
X

X
X
X

X
X
X

X
X

X
X

1) Item 5(I)(1): “Do you sponsor a wrap program?”
2) Item 6: Other Business Activities. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
3) Item 7: Financial Industry Affiliations. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
4) Item 8: Interest in Client Transactions. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
5) Item 11: Regulatory Disclosure. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.

X
X

X
X
X
X

X
X
X
X
X

X
X
X

X
X
X
X
X

X
X
X
X

X
X

X
X
X
X
X

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Regulatory AUM
$3,600,888,167
$253,553,974
$284,191,969
$106,500,000
$263,130,944
$1,310,000,000
$0
$26,963,252,087
$288,514,000
$374,592,000
$409,583,676
$1,158,000,000
$400,000,000
$110,000,000
$2,259,681,967
$2,314,159,123
$135,000,000
$104,203,428
$71,971,239,990
$51,807,203
$77,327,728,901
$568,426,282
$436,773,830
$6,902,341,602
$2,942,936,000
$71,564,635,536
$677,509,797
$4,891,001,015
$0
$361,200,000
$0
$1,555,537,602
$75,642,756,187
$3,197,829,135
$2,366,322,768
$385,078,984
$576,900,000
$1,162,000,000
$1,435,018,128
$239,705,131
$70,657,025
$21,783,395
$1,415,578,557
$7,953,597,780
$7,444,712,453
$545,228,792
$4,791,109,446
$10,247,508,000
$1,232,664,000
$29,866,058,522

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Primary Business Name
ANCORA ADVISORS LLC
ANDERSON HOAGLAND & CO
ANDREEFF EQUITY ADVISORS, L.L.C.
ANDREWS ADVISORY ASSOCIATES, LLC
ANGEL OAK CAPITAL ADVISORS, LLC
ANGELES INVESTMENT ADVISORS
ANGELES WEALTH MANAGEMENT, LLC
ANGELO, GORDON & CO., L.P.
ANNANDALE CAPITAL, LLC
ANNEX WEALTH MANAGEMENT, LLC
ANODOS ADVISORS, LLC
ANTHION MANAGEMENT, LLC
ANTHONY FIELDS & ASSOCIATES
AP COMMERCIAL LLC
APAX PARTNERS L.P.
APEX CAPITAL, LLC
APEX FINANCIAL ADVISORS, INC
APFS WEALTH MANAGEMENT, INC
APG ASSET MANAGEMENT US, INC
APOGEE GLOBAL ADVISORS, INC.
APOLLO CAPITAL MANAGEMENT, L.P.
APOLLO COMMODITIES MANAGEMENT, L.P.
APOLLO CREDIT MANAGEMENT, LLC
APOLLO GLOBAL REAL ESTATE MANAGEMENT, L.P.
APOLLO INVESTMENT MANAGEMENT, L.P.
APOLLO MANAGEMENT, L.P.
APOLLO VALUE MANAGEMENT, L.P.
APPLETON PARTNERS,INC.
APPLIED FINANCIAL WISDOM
APPROPRIATE BALANCE FINANCIAL SERVICES INC
APRIL WEALTH ENDEAVOR, LLC
APS ASSET MANAGEMENT PTE LTD
AQR CAPITAL MANAGEMENT, LLC
AQUILA INVESTMENT MANAGEMENT LLC
AQUILINE HOLDINGS LLC
AR ASSET MANAGEMENT, INC.
ARBITER PARTNERS
ARBOR CAPITAL MANAGEMENT, LLC
ARBOR REALTY COLLATERAL MANAGEMENT, LLC
ARCADIA INVESTMENT PARTNERS
ARCHAMBO FINANCIAL ADVISORS, INC.
ARCHETYPE ADVISORS, LLC
ARCHSTONE MANAGEMENT COMPANY, LLC
ARCLIGHT CAPITAL PARTNERS, LLC
ARDEN ASSET MANAGEMENT LLC
ARDSLEY PARTNERS
AREA PROPERTY PARTNERS
ARES CAPITAL MANAGEMENT LLC
ARES COMMERCIAL REAL ESTATE MANAGEMENT LLC
ARES MANAGEMENT LLC

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SEC Number
801-61770
801-15073
801-74007
801-66553
801-70670
801-60042
801-72992
801-34300
801-64802
801-63505
801-67288
801-73507
801-71167
801-72413
801-73724
801-71380
801-71884
801-72741
801-74200
801-62804
801-67592
801-69653
801-72098
801-70669
801-62840
801-67593
801-62336
801-29384
801-76752
801-22418
801-76851
801-56213
801-55543
801-22119
801-71704
801-16930
801-72164
801-70083
801-76146
801-74268
801-62644
801-72622
801-64470
801-73402
801-61080
801-73664
801-73054
801-63168
801-72879
801-63800

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1) Item 5(I)(1): “Do you sponsor a wrap program?”
2) Item 6: Other Business Activities. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
3) Item 7: Financial Industry Affiliations. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
4) Item 8: Interest in Client Transactions. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.
5) Item 11: Regulatory Disclosure. One or more items disclosed by the advisory firm in this section of Form ADV may require further investigation.

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