In our advisory role, we never take custody of client assets. We utilize Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as the custodian of client accounts and as our primary broker. Our relationship with Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC is an arm’s length transaction with no exchange of funds between Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC and us. When your account is established with Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC, you provide us with limited trading authorization on your account. This authority allows us to process trades directly in client accounts.