MELTZER, DUNN & ASSOCIATESPrivate Wealth Advisors

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M E LT Z E R , D U N N & A S S O C I AT E S

Private Banking and Investment Group at Merrill Lynch

In today’s changing world, significant wealth requires sophisticated, highly customized strategies. For our most elite clients, Merrill Lynch offers the Private Banking and Investment Group to help manage the complexities of substantial wealth.

We take the time to understand what matters most to you and are distinctly qualified to serve your particular needs and those of your family and businesses.

Our deep investment knowledge enables us to offer tailored strategies, advice and guidance typically reserved for the world’s largest institutions. As a client, you also have access to the extensive banking capabilities of Bank of America.

The result is designed to be both powerful and personal, a singular experience dedicated to building a lasting relationship and helping you pursue your goals for today and for the future.

pwa.ml.com/meltzerdunnassociates

Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) and other subsidiaries of Bank of America Corporation (“BofA Corp.”).The Private Banking and Investment Group is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the group’s private wealth advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill Lynch’s obligations will differ among these services. Investments involve risk, including the possible loss of principal investment.The banking, credit and trust services sold by the group’s private wealth advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks.Investment products offered through MLPF&S and insurance and annuity products offered through Merrill Lynch Life Agency Inc.:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Are Not Deposits Are Not Insured by Any Government Agency

Are Not a Condition to Any Banking Service or Activity

MLPF&S is a registered broker-dealer, a registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.Merrill Lynch Life Agency Inc. is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

Louis Meltzer, CIMA®

Managing Director — Private Wealth Advisor

Louis is the senior partner of Meltzer, Dunn & Associates, a distinguished team within the Merrill Lynch Private Banking and Investment Group. He serves a select group of highly successful clients, designing tailored strategies that address their unique circumstances. In 2003, Louis and his partners formed a team that emphasizes intellectual rigor, in-depth customization and committed service. As a tireless advocate for his clients, Louis has significant experience advising senior executives, company founders and entrepreneurs.

Louis holds the Certified Investment Management Analyst® (CIMA®) designation and was named to the Forbes “Best-in-State Wealth Advisors” 2018 list.1 He earned a bachelor’s degree in business/finance from the University of Miami, where he currently serves as a member of the prestigious President’s Council. Louis is a past mentor of the New York City chapter of Catholic Big Brothers.

He lives in Sutton Place in New York City with his wife, Laura, his two children, Madeline and Jacob, and his dog, Buddy.

Jacob Dunn, CFP,® CPWA® Senior Vice President — Private Wealth Advisor

Jake is closely attuned to integrating client needs, concerns and values within a suite of customized strategies and offerings. He is a CERTIFIED FINANCIAL PLANNER™ (CFP®) certificant, a designation awarded by the Certified Financial Planner Board of Standards, Inc., and holds the Certified Private Wealth Advisor® (CPWA®) designation.

Jake was named to the Forbes “Best-in-State Wealth Advisors” 2018 list1 and the Forbes/SHOOK “America’s Top Next-Generation Wealth Advisors” 2017 list2 and 2018 list.3 He is a graduate of the School of Hotel Administration at Cornell University and also attended Le Cordon Bleu in Paris for culinary and pastry training. He currently lives in Battery Park City, New York, with his wife, Jessica, and their Biewer Terrier, Pax.

Hadi Fakhoury, CFA®, CFP®

Private Wealth Manager

Hadi is a managing partner of Meltzer, Dunn & Associates. He is particularly skilled in helping entrepreneurs, business owners and families navigate complex financial demands. His primary focus with clients includes advanced wealth structuring for simple and complex estates, tax-efficient portfolio construction, and investment management. Deeply attuned to clients’ needs, he enjoys developing long-term relationships grounded in each client’s unique circumstances.

Hadi holds the Chartered Financial Analyst® (CFA®) designation and is a CERTIFIED FINANCIAL PLANNER™ (CFP®) certificant, a designation awarded by the Certified Financial Planner Board of Standards, Inc. He was named to the Forbes/SHOOK “America’s Top Next-Generation Wealth Advisors” 2017 list2 and 2018 list.3 He earned a bachelor’s degree in finance from the University of Central Florida. Hadi currently lives in Brooklyn, New York, with his wife, Kylee, and their son, Nash.

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M E LT Z E R , D U N N & A S S O C I AT E S

Headquartered in New York City, our team caters to a select group of active wealth creators, entrepreneurs and C-suite executives who have demanding requirements and significant opportunities.

Our approach with clients involves creating tailored strategies, which are integrated into a customized wealth management strategy. With collective experience that spans more than 100 years, we are here to help clients pursue what’s most important to them.

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M E LT Z E R , D U N N & A S S O C I AT E S

Bradley S. Holmes, CFA®

Private Wealth Manager

Brad provides tailored financial strategies and investment management to clients who have complex wealth management needs. He analyzes, creates and adjusts client portfolios to help pursue specific needs, risk profiles and objectives. He also conducts in-depth and ongoing research in multiple asset classes, including equities, fixed income, alternatives, passive strategies and third-party investment managers.

Brad holds the Chartered Financial Analyst® (CFA®) designation. Before joining Merrill Lynch in 2015, he spent 16 years at Oppenheimer Capital as a portfolio manager and five years at Itaú USA Asset Management as head of U.S. Equities.

Oxana Okrend, CRPC®

Private Wealth Manager

Oxana works closely with ultra-affluent individuals and families to address their financial goals and to streamline their financial lives. She holds the Chartered Retirement Planning CounselorSM (CRPC®) designation. She earned a bachelor’s degree in business administration from the Zicklin School of Business, Baruch College, and currently attends Columbia University. Oxana is a member of the 100 Women in Finance association, the women’s network Ellevate, and Toastmasters. She lives in New York with her husband, Ran, and enjoys modern art, hiking and playing tennis.

Kathleen ReynoldsSenior Private Wealth Associate

Kathleen focuses on providing highly personalized, attentive and timely service to clients. She is accustomed to working with accomplished individuals and families who have complex requirements, including Rule 144 filings, 10b5-1 plans, collateralized brokerage accounts and personal banking needs. Kathleen is also integral to day-to-day client requests, such as wires and transfers, technology access, and reporting. Focused on clients’ needs, she enjoys helping families streamline the many details of their financial lives so they can concentrate on their personal and professional priorities. Kathleen is a graduate of the State University of New York at Albany and currently lives in Hoboken, New Jersey.

Surani Sirisena, CFP®

Private Wealth Analyst — Business Management

Surani applies her investment insights and analytical skills to help clients pursue their wealth management goals. Her responsibilities include relationship management, portfolio analysis, investment monitoring, trade execution, performance reporting and business management. Surani is a CERTIFIED FINANCIAL PLANNER™ (CFP®) certificant, a designation awarded by the Certified Financial Planner Board of Standards, Inc.

Surani began her career at Merrill Lynch in 1999 in the Global Wealth & Investment Management Group, where she worked closely with institutional and private clients based both domestically and overseas. In 2011, she joined The Meltzer Group, furthering her experience with ultra-high-net-worth clients.

Surani earned a bachelor’s degree in economics from New York University and a master’s degree in international affairs/international finance and public policy from Columbia University. She lives in Austin, Texas, with her husband and daughter.

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M E LT Z E R , D U N N & A S S O C I AT E S

Kristen Paulsen Private Wealth Associate

Kristen assists ultra-high-net-worth clients with a range of financial needs. She is responsible for organizing and executing administrative tasks, managing and facilitating team operations, and planning for client events. She is a central point of communication for the team and provides timely and accurate client services, follows up on day-to-day requests, and executes long-term initiatives. She joined Merrill Lynch in 2013.

Kristen earned a bachelor’s degree in communications with a minor in dance from Rutgers, The State University of New Jersey – New Brunswick. She currently resides in Union, New Jersey,

with her three dogs.

Alyson ReevesRegistered Private Wealth Associate

Alyson assists clients with a variety of banking needs by providing access to Bank of America’s banking products and services. She prioritizes enhancing the client experience through timely and accurate service and supporting team processes. She works meticulously with ultra-high-net-worth clients on time-sensitive needs and ongoing projects. Alyson graduated from the University of Wisconsin-Madison with a bachelor’s degree in personal finance, with an emphasis in financial planning. She joined Merrill Lynch in June 2017 upon graduating from college.

Originally from Platteville, Wisconsin, Alyson lives in Midtown West and enjoys traveling, cooking and exploring the New York City area.

Jared BaumannPrivate Wealth Associate

Jared assists clients with a variety of administrative needs. He values precise and expedited client service and detail-oriented support to the team. His duties include preparing for client reviews and managing day-to-day team processes. In 2018, Jared earned a bachelor’s degree in economics from Bates College, writing his senior thesis on macroeconomic tax policies. He was also a member of the college varsity lacrosse team. Originally from Lake Oswego, Oregon, Jared currently lives in Lower Manhattan.

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INVESTMENT SOLUTIONS*

Investment strategies

Discretionary and non-discretionary strategies

Liquidity management

Risk management

Alternative investments

Professionally managed accounts

Market-linked investments

CONCENTRATED STOCK MANAGEMENT*

Hedging strategies

Trust solutions

Exchange funds

Selling programs

Block trades

Equity collared position strategies

BANKING AND LENDING†

Securities-based lending

International financing

Sophisticated deposit and cash management strategies

Custom lending solutions

Home financing

Aircraft financing

ESTATE PLANNING AND TRUST SERVICES*

Personal trust services

Charitable trusts and foundations

Fiduciary investment management

Trust administration

Estate planning services

Estate settlement and administration

Services for individual trustees

PHILANTHROPY†

Philanthropic strategies

Charitable grantmaking solutions

Donor-advised funds

Planned giving

Endowment — foundation management and consulting

Succession planning

FAMILY OFFICE*

Family wealth transition consulting

Lifestyle and concierge services

Personalized administration services

Financial and consolidated reporting

TAX-MINIMIZATION STRATEGIES

Concentrated stock management*

Tax-efficient investments*

Tax-advantaged credit and lending†

Private placement*

Life insurance‡

Tax legislation monitoring*

Loss harvesting*

Strategic solutions that align with your needsWe bring together all the services available through Merrill Lynch and Bank of America to provide you with appropriate strategies that may support you in meeting your financial needs.

* Capability offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated.† Capability offered by Bank of America, N.A., and its bank affiliates.‡ Capability offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

W H AT W E D O

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A wealth management approach centered on your goalsBy understanding what matters most to you, we can help you create a financial strategy designed to fit your needs, goals, risk tolerance, liquidity requirements and investment time frame — all while considering your investment performance, capital preservation and legacy concerns.

Note: Chart is for illustrative purposes only. Source: Westcore Funds/Denver Investment Advisers LLC, 1998.

W E A LT H A L L O C AT I O N F R A M E W O R K

Risk type PERSONAL MARKET ASPIRATIONAL

Need Protect my basic standard of living

Maintain my lifestyle Enhance my lifestyle

Risk-return characteristic

Lower risk, but low return Risk and return in line with market performance

High risk, but with the potential for above-market return

Approach • Reduce downside risk

• Provide potential safety

• Willing to accept below-market returns for reduced risks

• Balance risk and return to attain market-level performance from a broad, diversified portfolio*

• Increase upside risk

• Take measured but significant risk to potentially enhance return

Benchmark Inflation Risk-adjusted market return

Absolute return

F I N A N C I A L S T R AT E G I E S

E M O T I O N A L R E A C T I O N S C A N L E A D T O D I S A P P O I N T I N G R E S U LT S

As markets rise, investors may become increasingly optimistic

As markets fall, investors may move to more conservative strategies or exit the markets altogether

OPTIMISM

RELIEF

HOPE

DEPRESSION

DESPONDENCY

CAPITULATION

PANIC

FEAR

DENIAL

ANXIETY

EUPHORIA

THRILL

EXCITEMENT

OPTIMISM

MAXIMUM RISK

“Wow! I feel great about this investment.” MAXIMUM

OPPORTUNITY

DESPERATION“Maybe the markets just aren’t for me.”

* Diversification does not ensure a profit or protect against loss in declining markets.

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C R E D I T A N D L E N D I N G

Customized credit strategies to help fund the life you wantA true picture of your wealth goes beyond the securities you own. It includes the borrowing power that your assets convey. We can put you in touch with Bank of America credit specialists, who have considerable experience creating customized credit strategies using complex collateral.

SECURITIES

Marketable securities• Used as collateral for

working capital needs or to manage cash flow

Hedge fund positions• Advancing credit to

hedge fund investors for a range of needs

REAL ESTATE

Commercial• Lending against a broad

range of commercial properties for purposes of acquisition, refinancing or liquidity

Recreational• Leveraging ranch, farm

and timber properties for improvements, expansions or other asset investments

Custom residential• Jumbo mortgage

financing for unique luxury properties, including vacation homes and secondary residences

SPECIALTY INTERESTS

Yachts• Taking advantage

of Bank of America’s deep experience as a premier global yacht lender

Fine art collections• Keeping art on display

while borrowing against it to invest and build your balance sheet

Aircraft• Funding through loans

or leases for personal and corporate aircraft

UNSECURED BORROWING

Unsecured lines of credit• Available to qualified,

highly liquid clients for a broad range of purposes

Banking, mortgage and home equity products are offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

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GENERATION 1 GENERATION 2 GENERATION 3

Wealth is created 70% of family wealth is lost 90% of family wealth is lost

HA

RD

WO

RK

AN

D S

AC

RI F

I CE

C

OM

MU

NICAT IO

N BREAKDOWN

Thought leadership, tools and resources to address a range of family goals and issues Our team, along with Merrill Lynch’s Center for Family Wealth Dynamics and Governance,® focuses on fostering the growth and development of family members across five core competencies, which can help families sustain both family wealth and unity across generations.

T H E C E N T E R FO R FA M I LY W E A LT H DY N A M I C S A N D G O V E R N A N C E ®

Only 10% of families sustain their wealth past three generations

Source: For Love & Money: A Comprehensive Guide to the Successful Generational Transfer of Wealth, Roy O. Williams, 2010.

FINANCIAL

How to understand and manage

finances

WEALTH

How to plan for and

structure wealth

GOVERNANCE

How to make decisions as

a family

BUSINESS

How to manage, own and govern an enterprise, as

applicable

PHIL ANTHROPIC

How to give thoughtfully

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E S TAT E P L A N N I N G S E R V I C E S

The power and flexibility of trusts in legacy planningA trust is a flexible legacy-planning tool that can be structured to address a range of your legacy goals. We can connect you to specialists at Bank of America to leverage trusts and other tax-minimizing strategies to help you prepare your estate for meeting the needs of generations to come.

Having a legacy plan can help you:

PRESERVE

• More for your heirs by providing tax-minimization strategies

• Your assets by reducing or eliminating probate fees and costs

• Your privacy

PROTECT

• How your wealth is used and distributed during your lifetime and after it’s passed to heirs

• Assets from creditors, spendthrifts, and the effects of a divorce or a spouse’s remarriage

CONTROL

• How and when assets are to be distributed and used

• Issues that arise with incapacity or untimely death

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Choosing the giving strategy that reflects your valuesMany philanthropic strategies allow you to give generously today and after you’re gone, all offering various levels of control. We can explain the choices that are available to you and help you determine which strategies may fit your needs.

C H A R I TA B L E G I V I N G

* Capability offered by U.S. Trust.† Capability offered by U.S. Trust, Bank of America Private Wealth Management (“U.S. Trust”).

Volunteerism • Hands-on involvement

• Wide range of roles and responsibilities, including board member, fundraiser and volunteer

• Flexible time commitments

Direct donations to charity • Immediate financial support to charities

• Typically tax-deductible in current year, subject to certain limitations

Donor-advised funds* • Tax-deductible contributions made to your personal giving vehicle

• Grants distributed to charities from this personal giving vehicle over time based on your recommendations

Charitable remainder trusts† • Provides regular payments to you or your beneficiaries

• Charitable beneficiary receives remainder when trust terminates

Charitable lead trusts† • Provides income to charity for a specified time, without relinquishing assets

• Assets returned to donor or donor’s heirs when trust expires

Private foundations* • Private nonprofit dedicated to your giving

• Full control over grantmaking and investment management

• Room for family engagement at all levels

• Subject to annual minimum distribution requirements

S T R U C T U R E Y O U R G I V I N G

Unstructured, less complex, less control

Formalized, more complex, more control

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Volunteerism • Hands-on involvement

• Wide range of roles and responsibilities, including board member, fundraiser and volunteer

• Flexible time commitments

Direct donations to charity • Immediate financial support to charities

• Typically tax-deductible in current year, subject to certain limitations

Donor-advised funds* • Tax-deductible contributions made to your personal giving vehicle

• Grants distributed to charities from this personal giving vehicle over time based on your recommendations

Charitable remainder trusts† • Provides regular payments to you or your beneficiaries

• Charitable beneficiary receives remainder when trust terminates

Charitable lead trusts† • Provides income to charity for a specified time, without relinquishing assets

• Assets returned to donor or donor’s heirs when trust expires

Private foundations* • Private nonprofit dedicated to your giving

• Full control over grantmaking and investment management

• Room for family engagement at all levels

• Subject to annual minimum distribution requirements

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Putting our resources and perspectives to work for youWe realize that each client is unique, and so is each wealth management strategy. Supported by the vast capabilities of a global institution, we tailor those strategies to each individual’s goals and values.

Scenario: A closely held business was capital-intensive to operate.

Opportunity: We provided the clients access to Bank of America’s lending specialists to help secure a multimillion-dollar liquidity solution that optimized profitability for the family.

Scenario: A $100 million estate was ripe for future tax liability.

Opportunity: Together with the Private Banking and Investment Group’s Family Office,4 we worked with the client to design a strategy in which two-thirds of the estate was transferred to second and third generations without requiring the payment of gift taxes.

Scenario: A patriarch hadn’t planned ahead and left a sizable estate to the family.

Opportunity: Providing a calming influence for an overwhelmingly complex situation, we coordinated efforts with the family’s estate and tax attorneys to help the client distribute and manage assets using the U.S. Trust® platform.

Scenario: A family wanted its children to be good stewards of wealth.

Opportunity: We collaborated with our Center for Family Wealth Dynamics and Governance® to help the family focus on generational planning and financial education.

Scenario: A married couple who owned a concentrated, low-cost-basis security wanted a tax-efficient strategy to diversify* their concentration risk.

Opportunity: We worked with the clients and their tax advisor to implement an exchange fund strategy that resulted in diversification* deferring the tax impact of an outright sale.†

* Diversification does not ensure a profit or protect against loss in declining markets.† Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any

financial decisions. Case studies are intended to illustrate brokerage products and services available at Merrill Lynch and banking products and services available at Bank of America. You should not consider these as an endorsement of Merrill Lynch as an investment adviser or as a testimonial about a client’s experiences with us as an investment adviser. Case studies do not necessarily represent the experiences of other clients, nor do they indicate future performance. Investment results may vary. The investment strategies discussed are not appropriate for every investor and should be considered given a person’s investment objectives, financial situation and particular needs. Clients should review with their Merrill Lynch financial advisor the terms, conditions and risks involved with specific products and services.

C L I E N T C A S E S T U D I E S

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Meltzer, Dunn & AssociatesPrivate Wealth Advisors and Private Wealth Managers

To learn more about the Private Banking and Investment Group at Merrill Lynch, please visit pbig.ml.com.

Bank of America Tower One Bryant Park, Floor 28 New York, NY 10036

212.680.5952 pwa.ml.com/meltzerdunnassociates

Louis Meltzer, CIMA® Private Wealth Advisor212.680.5952 lou_meltzer@ml.com

Jacob Dunn, CFP®, CPWA®

Private Wealth Advisor212.680.5930jacob_dunn@ml.com

Hadi Fakhoury, CFA®, CFP®

Private Wealth Manager212.680.5955hadi_fakhoury@ml.com

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Investing involves risk. There is always the potential of losing money when you invest in securities.1 Source: Forbes “Best-in-State Wealth Advisors” by SHOOK Research is based on due diligence meetings to evaluate each advisor qualitatively, a major component of a

ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Rankings are based on the opinions of Forbes and not representative nor indicative of any one client’s experience, future performance, or investment outcome and should not be construed as an endorsement of the advisor. For more information, visit https://www.forbes.com/top-next-gen-advisors/#c7072b16df01. Forbes is a trademark of Forbes Media LLC. All rights reserved.

2 Source: Forbes/SHOOK “America’s Top Next-Generation Wealth Advisors” list was developed by SHOOK Research. Advisors considered for this ranking were born in 1980 or later with a minimum 4 years relevant experience; advisors have: built their own practices and lead their teams; joined teams and are viewed as future leadership; or a combination of both. Ranking algorithm is based on qualitative measures: telephone and in-person interviews, client retention, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms. Investment performance is not a criteria because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOKResearch, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. The ranking or ratings shown here may not be representative of all client experiences because they reflect an average or sampling of the client experiences. These rankings or ratings are not indicative of any future performance or investment outcome.

3 Source: Forbes/SHOOK “Top Next-Generation Wealth Advisors” list by SHOOK Research considers advisors born in 1980 or later with a minimum 4 years relevant experience; built their own practices and lead their teams; joined teams and are viewed as future leadership; or a combination of both. Ranking algorithm is based on qualitative measures: interviews, client retention, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms. Rankings are based on the opinions of Forbes and not representative nor indicative of any one client’s experience, future performance, or investment outcome and should not be construed as an endorsement of the advisor. For more information, visit https://www.forbes.com/top-next-gen-advisors. All rights reserved.

4 Merrill Lynch Family Office Services are offered through Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”). In connection with its Family Office Services, Merrill Lynch is not acting in the capacity as a broker-dealer, nor as a registered investment adviser. Accordingly, through its Family Office Services, Merrill Lynch is not offering, and its clients are not paying for, advice with respect to securities, the purchase or sale of securities, or the valuation thereof, nor do Merrill Lynch’s Family Office Services encompass financial planning, discretionary account management, or any other securities-related accounts, products or services. Merrill Lynch offers a broad array of brokerage and investment advisory accounts, products and services through other parts of its business outside of Family Office Services, which are subject to separate agreements, disclosures and fee arrangements, and may be procured by applying or enrolling and contracting through those other business channels. Please contact your financial advisor or private wealth advisor with questions regarding Merrill Lynch’s brokerage or investment advisory offerings.

Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.Investing in exchange funds is speculative and involves substantial risks including the risk of investment loss. In addition, there are fees and expenses associated with investing in exchange funds, which may make them more expensive and/or less attractive to a particular client. Also, exchange funds may provide tax benefits only when certain conditions are met. Other risk considerations include the loss of voting rights and dividends on the contributed stock, the chance that future legislation may disallow exchange funds, a lack of management control by investors and the fact that exchange funds are not transferable. This is not a complete list of the risk considerations for exchange funds.Hedging and monetization strategies can result in higher return potential but also higher loss potential. Prospective investors are required to meet certain qualifications and acknowledge they understand the risks associated with certain hedging and monetization strategies that may not be suitable for all investors.The Bull Symbol, Center for Family Wealth Dynamics and Governance, Merrill Lynch, and U.S. Trust are trademarks of Bank of America Corporation.Certified Financial Planner Board of Standards Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the U.S.CFA® and Chartered Financial Analyst® are registered trademarks of the CFA Institute.CRPC® and Chartered Retirement Planning CounselorSM are registered service marks of the College for Financial Planning.Investments & Wealth Institute™ (The Institute) is the owner of the certification marks CIMA®, Certified Investment Management Analyst®, CPWA® and Certified Private Wealth Advisor®. Use of CIMA® and/or Certified Investment Management Analyst® and CPWA® and/or Certified Private Wealth Advisor® signifies that the user has successfully completed the Institute’s initial and ongoing credentialing requirements for certification.© 2018 Bank of America Corporation. All rights reserved. | ARMVH6FB | BRO-08-18-0550.A | 10/2018