RBC Dain Correspondent Services

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What is RBC Dain CS?

RBC Dain Correspondent Servicessm (RBC Dain CS) is a division of RBC Dain Rauscher Inc. (RBC Dain Rauscher^TM). RBC Dain Rauscher is one of the largest securities firms in the nation and is a member of the NYSE, AMEX, CHX, CBOE and PSE and has execution capabilities on all principal exchanges. RBC Dain Rauscher is owned by Royal Bank of Canada, which trades under the symbol RY on the New York Stock Exchange.

Firm's Relationship with RBC Dain CS

Uhlmann Price Securities has a contractual agreement with RBC Dain Correspondent Servicessm (RBC Dain CS) to serve as our clearing firm. This fully disclosed agreement states the responsibilities of each party. Prior to the agreement becoming effective, RBC Dain CS is responsible for making all disclosures to our firm's designated examining authority as required by NYSE Rule 382. Each client of our firm is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that our firm (the introducing broker-dealer) and RBC Dain CS (the clearing firm) have to the client. Although client assets are held by RBC Dain Rauscher Inc., neither RBC Dain Rauscher^TM nor RBC Dain CS has responsibility for the financial condition or performance of our firm or our Financial Consultants.

SIPC & Additional Coverage for Client Accounts

Uhlmann Price Securities’ clearing firm, RBC Dain Correspondent Servicessm, is a division of RBC Dain Rauscher^TM. RBC Dain Rauscher is a member of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client. Any cash in a client's account would be reimbursed by SIPC up to $100,000 (reducing the $500,000 above). For details, please see www.sipc.org.

RBC Dain Rauscher has purchased an additional policy that offers coverage in excess of the protection provided by SIPC. This coverage covers additional securities and cash protection up to $99.5 million per client, of which $900,000 may be in cash. A $400 million aggregate limit applies to this additional coverage.

RBC Dain Rauscher also offers protection if a client’s securities are missing because of theft by an outsider, computer fraud or theft by an employee for personal gain. In such cases, the firm’s CAN$310 million Financial Institution Bond coverage would cover the client’s losses, subject to that policy’s terms, conditions and limits.

Note: Neither SIPC protection, nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. Additional information is available upon request or at www.sipc.org.