Sponsorship Fees

Third-party product and service providers (e.g., mutual funds, annuity companies, exchange-traded funds [ETFs], money market funds, money managers, technology and business solutions) offer marketing support in the form of sponsorship fee payments to Pershing (or third parties at Pershing's direction) in connection with educational conferences, events, seminars, and workshops for broker-dealers or investment professionals. These payments may be for the expenses of educational materials or other conference-related expenses. The companies listed below provided sponsorship fees to Pershing in 2012.

Aberdeen Asset Management
Absolute Investment Advisers
Advent Software, Inc.
Advisor’s Assistant
AdvisorShares
Advisory Research
The Advisory Trust Company of Delaware
Advisory World
Alliance Bernstein
Allianz Global Investors
ALPS Distributors, Inc.
American Beacon Advisors, Inc.
American Century Investments
American Funds
Ameritas Advisor Services
AppCrown LLC
AQR Capital Management
Ave Maria Mutual Funds
Bank of Oklahoma
Barclays Capital
Baron Funds
Blue Shores Capital
BlackRock
Bloomberg
BNP Paribas
BNY Mellon
Brandes Investment Partners, L.P.
Calamos Investments
CashEdge
CD Funding
Center Coast MLP Focus Fund
CFP Board
Citigroup Global Markets
Citi Global Transaction Services
Clark Capital
Cohen & Steers
Cole Real Estate Investments
College for Financial Planning
Columbia Management
Comerica Bank and Trust NA
Compass EMP Funds
Convergex
Credit Suisse
Croft Funds Corporation
Cushing MLP Asset Management, LP
Direxion Funds
Dividend Capital Group
Dreyfus Corporation
DWS Investments
Ecclesiastical
Envestnet Asset Management, Inc.
Federated Investors, Inc.
FinanceLogix
First Trust Portfolios L.P.
FlexShares
FocusShares
Folio Dynamix
Fortigent, LLC
Forum Funds
FPA Funds
Forward Management
Franklin Templeton Investments
Gabelli Funds
Genworth Financial Wealth Management, Inc.
Global X Funds
Globe Tax Services, Inc.
Gold Tier
Guggenheim Investments
Guinness Atkinson Funds
Heartland Advisors
The Hartford Mutual Funds
Hearthstone
Heartland Advisors, Inc.
Hodges Capital Management
HSBC Global Asset Management
ICON Adviser LLC
ING Investment Management
Interactive Data Corporation

Invesco
iShares
Janus Funds
Jefferson National
John Hancock Funds, LLC
J.P. Morgan Asset Management
Junxure
Kenmar Preferred Global Asset Management LLC
Laser App Software
Legend Advisory
Legg Mason Global Asset Management
Lord Abbett
Markel Cambridge Alliance
MarketCounsel
Markit
Matthews Asia Funds
Mirae Asset Management
MoneyGuidePro
Morgan Stanley Investment Management
Morningstar, Inc.
National Compliance Services, Inc.
Nationwide Financial Services
Natixis Global Associates
Neuberger Berman LLC
Newtek Business Services, Inc.
Nomura Asset Management U.S.A. Inc.
Northern Lights Fund Trust
Northern Trust Funds
Nuveen Investments
Omgeo
OppenheimerFunds, Inc.
Paradigm Capital Management, Inc.
Permanent Portfolio Family of Funds
Pimco
Pioneer Investments
Placemark Investments
Portfolio Pathway
Principal Funds
ProShares
Promontory Interfinancial Network, LLC
Prudential Annuities
Putnam Investments
Reaves Asset Management
Rainier Investment Management, Inc.
Redtail Technology
Reich & Tang
Reliance Trust Company
Research Alliance
RNC Genter Capital Management
Royce Funds
Russell Investments
S&P Capital IQ
Satuit Capital
Saturna Capital
SBAuer Funds LLC
Scout Investments
Sierra Core Retirement Fund
Skandia Investment Group
SS& C Technologies
Starkweather & Shepley Insurance Brokerage
State Street Global Advisors
Steben & Company
Stewart Capital Advisors
SumRidge Partners
TIAA-CREF
Thornburg Investment Management
TimeCapital Investor Advisory Services
Turner Investments
T. Rowe Price
United States Commodity Funds LLC
USAA
Van Eck Global
Vanguard
Wealth2K
Wells Fargo Securities
William Blair & Company
Wintergreen Advisers LLC
WisdomTree Investments, Inc.