Past performance is not indicative of future performance; there is always a possibility of loss. The monthly conference call is for general informational and educational purposes, and where appropriate, to assist in explaining the nuances of portfolio characteristics or composites. It is not investment advice for any person.

Sheaff Brock Investment Advisors, LLC (SBIA) is a federally registered investment adviser with the SEC. Investors are directed to SBIA’s Form ADV Part 2A and to one of SBIA’s representatives for individualized information prior to deciding to participate in any portfolio or making any investment decision. Investors should carefully consider a portfolio’s investment objective, risk, fees, charges and expenses before investing any money. SBIA does not provide tax advice. Investors are strongly urged to consult their tax advisors regarding any potential investment.

Investments in financial instruments carry significant risks, including the possible loss of the principal amount invested. There can be no assurance that any investment strategy will be successful. Investment strategies in options may carry a high degree of risk and are not suitable for all investors. Investors should not enter into option transactions until they have read and understood the option disclosure document titled Characteristics and Risks of Standardized Options issued by the Options Clearing Corporation (“OCC”) which outlines the purposes and risks of option transactions. The option disclosure document can be obtained from your broker, any of the options exchanges or OCC.

Any portfolio returns mentioned are composite returns net of fees and commissions, with the reinvestment of dividends and interest. There is the chance that market conditions or portfolio performance may deteriorate in the future, and clients may experience real capital losses in their managed accounts. Performance information of benchmark indexes, such as the Standard & Poor’s 500 Index or Barclays US Aggregate Index, may be included for comparison purposes. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results. Economic factors, market conditions, and investment strategies will affect the performance of any portfolio, and there are no assurances that it will match or outperform any particular benchmark.

Information is obtained from sources SBIA believes are reliable, however, SBIA does not audit, verify, or guarantee the accuracy or completeness of any material contained herein. The statements and opinions reflect the judgment of the firm, and along with the information from third-party sources and calculations, are made on the date hereof and are subject to change without notice. SBIA does not assume liability for any loss that may result from reliance by any person upon any material contained herein.