Annuity Fees and Revenue Sharing Disclosure

Pershing may receive servicing fees from the insurance companies listed below that participate in Pershing's annuity program (Subscribe®). Participation by your financial organization in this program is optional. These fees may be considered revenue sharing and are a source of revenue for Pershing.

Pershing also receives operational reimbursement fees from certain insurance companies. A flat fee per holding is paid to Pershing for the services it provides, which may include, but is not limited to posting, accounting reconciliation, and client statement preparation and mailing. These fees are a source of revenue for Pershing. The insurance companies listed below are in highest-to-lowest order for their 2009 gross dollar payments to Pershing.    

Insurance Companies

1. Western National 35. Sunlife Assurance Company of Canada US
2. Hartford Life Insurance Company 36. Metlife Investors
3. Pacific Life Insruance Company 37. ING Life Insurance & Annuity Company / ING
4. American Skandia 38. Allstate Life Insurance Company NY / Admin by SE2
5. AIG Sunamerica Life Assurance Company 39. Guardian Insurance & Annuity Company
6. Jackson National 40. ING USA Annuity & Life Insurance Company
7. John Hancock 41. National Integrity Life Insurance Company
8. Nationwide Life Insurance Company 42. Allianz Life Insurance Company of New York
9. Principal Life Insruance Company 43. First Sunamerica
10. The Equitable Life Assurances 44. Ohio National Life Insurance Company
11. Allstate Life Insurance Company 45. First Symetra National Life of NY
12. New York Life Insurance & Ann Corp/Fix 46. Allstate Life Insurance Company of New York
13. Golden American Life Insurance Company 47. Sunlife Insurance & Annuity Company of NY
14. John Hancock Life Insurance Company 48. Penn Mutual
15. Metlife Investors USA Insurance Company 49. Universal Life Insurance Company
16. Lincoln National Life Insurance 50. Integrity Life Insurance Company
17. Sunlife Assrurance Company of Canada 51. Pruco Of NJ (NJ Business)
18. Pruco Life of Arizona 52. AIG Life Insurance Company
19. Symetra Life Insurance Company 53. OM Financial Life Insurance Old Mutual
20. Riversource Life Insurance Company 54. Transamerica Life Insurance & Annuity
21. Transamerica Life Insurance Company 55. Monumental Life Insurance Company
22. Pacific Life And Annuity Company 56. Ameritas Life Insurance Company
23. Sunlife Investments (Bermuda) 57. Allianz Life Insurance Company of Na-Fixed
24. John Hancock New York 58. American General Life Insurance/Aun Am
25. Allianz Life Insurance Company of N.A. 59. Protective Life
26. Western Southern Life 60. American International Life Assurance Company of NY
27. First Metlife Investors 61. AIG Sunamerica Life Assurance Company/DVFS
28. JNY Jackson National Life Company of NY 62. Jefferson National Life Insurance Company
29. Sunlife Assurance Company of Canada US 63. Sunlife Assurance Company of Canada US
30. Genworth Life Insurance Company of NY 64. John Hancock Variable Life Insurance
31. Allstate Life Insurance Admin Se2 Tech 65. Ameriprise Financial
32. Genworth Life & Ann 66. The Prudential
33. Genworth Life Insurance 67. Allstate Life Insurance Admin By Pru
34. Minnesota Life Insurance Company 68. Northwestern Mutual Life Insurance Company