Client Assets and DataAll of our firm’s investments are held by Charles Schwab & Co. Inc., headquartered in San Francisco. Schwab is our firm’s custodian. Schwab maintains records regarding client holdings, including buy/sell transactions, deposits, withdrawals, dividends and interest and other historical information. Using this information, Schwab produces and distributes our clients monthly and year-end account statements. Schwab also reports required information to the IRS and other government entities. Schwab safeguards our client’s assets. The first $500,000 in assets is insured by the Securities Investor Protection Corporation (SIPC) in the event of Schwab’s failure. Schwab provides additional insurance through Lloyd’s of London up to $600 million. All of our reports to clients are based on the Schwab data. If there is ever a conflict between Schwab data and data from another source, we always defer to the Schwab data. Our clients also have 24/7 access to their accounts via the SchwabAlliance service. Schwab customer service is located in call centers throughout the United States. As part of our firm’s due diligence, we have personally visited their Phoenix facility (pictured below) and met a number of Schwab’s outstanding customer service team members.