Disclosure

Securities offered through First Allied Securities a registered broker dealer and member FINRA/SIPC Advisory Services offered through First Allied Advisory Services. Securities in accounts carried by Pershing, LLC, (including cash claims limited to $100,000). For details, please see www.sipc.org. Pershing, LLC has arranged for additional insurance protection for cash and securities to supplement its SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$100,000 coverage provided by SIPC. Neither coverage protects against a decline in the market value of securities. Assets Held Away, commodities, unregistered investment contracts, futures accounts and other investments may not be covered. Mutual funds and/or other securities are not backed or guaranteed by any bank, nor are they insured by the FDIC and involve investment risk including possible loss of principal.