Voting Client Securities. For discretionary accounts, unless otherwise directed by the client or Financial Advisor (on the client’s behalf), Confluence is responsible for voting proxies with respect to securities held in discretionary account portfolios. Confluence also has been delegated the responsibility for voting proxies with respect to portfolio securities held by the mutual fund and closed-end fund for which Confluence acts a sub-adviser. Confluence has adopted and implemented a policy which it believes is reasonably designed so that proxies are voted in the best interests of its clients. In pursuing this policy, proxies are voted in a manner that seeks to maximize value to its clients. Confluence maintains such records as required in connection with such activity. Confluence utilizes Broadridge Financial Solutions, Inc., a service provider to the global financial industry, to vote, coordinate, process, manage, and maintain the majority of electronic records of Confluence’s proxy votes. Proxy statements received are voted using a custom Confluence template, which is based off the Broadridge Proxy Policies and Insights Shareholder Value Template (“Proxy Policies and Insights”). Proxy Policies and Insights seeks to maximize shareholder value in proxy voting and is created using voting trends of large, top fund families that seek to maximize shareholder value. Proxy Policies and Insights produces data-driven voting guidelines that reflect majority voting trends based on logic described in the Proxy Policies and Insights. Confluence will override these recommendations in the event Confluence determines that shareholder value is best served by voting differently than what management or the Proxy Policies and Insights might recommend. Additionally, Confluence may determine not to vote a particular proxy if the costs and burdens exceed the benefits of voting or if a determination is made that not voting is in the best interests of the client. Confluence is generally responsible for responding to any corporate actions as well as addressing any proxy ballot issues for which a recommendation is not provided by Proxy Policies and Insights. Proxy statements for the First Trust Specialty Finance and Financial Opportunities Fund under the Confluence Proxy Voting Policy vote such proxies in the same proportion as the vote of all other shareholders of the fund (i.e., “echo vote” or “mirror vote”). Upon request, Confluence will provide to the client a copy of its Proxy Voting Policy as well as information concerning the voting of securities in such discretionary account portfolios. Confluence will neither advise nor act on behalf of the client in legal proceedings involving companies whose securities are held in the client’s account(s), including, but not limited to, the filing of “Proofs of Claim” in class action settlements. The Confluence Proxy Committee governs the proxy process, policy, and template. Confluence does not instruct or give advice to its clients on whether or not to participate in class actions. Confluence fees are generally payable quarterly in advance, although certain Wrap Sponsor firms bill fees in arrears. Confluence does not require such advance payment six months or more in advance of more than $1,200 in fees per client. Confluence does not currently believe nor foresee any financial condition that is reasonably likely to impair its ability to meet its contractual commitments to clients. Confluence has not been the subject of a bankruptcy petition. This brochure supplement provides information about Confluence’s investment team personnel that supplements the Confluence brochure. You should have received a copy of that brochure. Please contact Xxxxx Xxxxxx, Chief Compliance Officer, at (000) 000-0000 if you did not receive Confluence’s brochure or if you have any questions about the contents of this supplement. Additional information about Confluence’s investment team personnel is available on the SEC’s website at xxx.xxxxxxxxxxx.xxx.xxx Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxxxxx Xxxxxxx Chief Investment Officer – Asset Allocation Chief Market Strategist Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Equity Analyst Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxx Xxxxx Director of Research (International Equities) Select employees have earned certifications which are explained in detail below.
Appears in 2 contracts
Samples: Investment Advisory Agreement, Investment Advisory Agreement
Voting Client Securities. For discretionary accounts, unless otherwise directed by the client or Financial Advisor (on the client’s behalf), Confluence is responsible for voting proxies with respect to securities held in discretionary account portfolios. Confluence also has been delegated the responsibility for voting proxies with respect to portfolio securities held by the mutual fund and closed-end fund for which Confluence acts a sub-adviser. Confluence has adopted and implemented a policy which it believes is reasonably designed so that proxies are voted in the best interests of its clients. In pursuing this policy, proxies are voted in a manner that seeks to maximize value to its clients. Confluence maintains such records as required in connection with such activity. Confluence utilizes Broadridge Financial Solutions, Inc., a service provider to the global financial industry, to vote, coordinate, process, manage, manage and maintain the majority of electronic records of Confluence’s proxy votes. Proxy statements received are voted using a custom Confluence template, which is based off the Broadridge Proxy Policies and Insights Shareholder Value Template (“Proxy Policies and Insights”). Proxy Policies and Insights seeks to maximize shareholder value in proxy voting and is created using voting trends of large, top fund families that seek to maximize shareholder value. Proxy Policies and Insights produces data-driven voting guidelines that reflect majority voting trends based on logic described in the Proxy Policies and Insights. Confluence will override these recommendations in the event Confluence determines that shareholder value is best served by voting differently than what management or the Proxy Policies and Insights might recommend. Additionally, Confluence may determine not to vote a particular proxy if the costs and burdens exceed the benefits of voting or if a determination is made that not voting is in the best interests of the client. Confluence is generally responsible for responding to any corporate actions as well as addressing address any proxy ballot issues for which a recommendation is not provided by Proxy Policies and Insights. Proxy statements for the First Trust Specialty Finance and Financial Opportunities Fund under the Confluence Proxy Voting Policy vote such proxies in the same proportion as the vote of all other shareholders of the fund (i.e., “echo vote” or “mirror vote”). Upon a client's request, Confluence will provide to the client a copy of its Proxy Voting Policy as well as information concerning the voting of securities in such discretionary account portfolios. Confluence will neither advise nor act on behalf of the client in legal proceedings involving companies whose securities are held in the client’s account(s), including, but not limited to, the filing of “Proofs of Claim” in class action settlements. The Confluence Proxy Committee governs the proxy process, policy, policy and template. Confluence does not instruct or give advice to its clients on whether or not to participate in class actions. Confluence fees are generally payable quarterly in advance, although certain Wrap Sponsor firms bill xxxx fees in arrears. Confluence does not require such advance payment six months or more in advance of more than $1,200 in fees per client. Confluence does not currently believe nor foresee any financial condition that is reasonably likely to impair its ability to meet its contractual commitments to clients. Confluence has not been the subject of a bankruptcy petition. This brochure supplement provides information about Confluence’s investment team personnel that supplements the Confluence brochure. You should have received a copy of that brochure. Please contact Xxxxx Xxxxxx, Chief Compliance Officer, at (000) 000-0000 if you did not receive Confluence’s brochure or if you have any questions about the contents of this supplement. Additional information about Confluence’s investment team personnel is available on the SEC’s website at xxx.xxxxxxxxxxx.xxx.xxx Value Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxxxxx Xxxxxxx Chief Investment Officer – Asset Allocation Chief Market Strategist Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxxx Xxxxxx, CFA Equity Analyst Xxx Xxxxxxx Equity Analyst Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Tore Stole Chief Market Strategist Xxxx Xxxxx ( Director of Research () International Equities) Equities Select employees have earned certifications which are explained in detail below.
Appears in 1 contract
Samples: Investment Advisory Agreement
Voting Client Securities. For discretionary accounts, unless otherwise directed by the client or Financial Advisor (on the client’s behalf), Confluence is responsible for voting proxies with respect to securities held in discretionary account portfolios. Confluence also has been delegated the responsibility for voting proxies with respect to portfolio securities held by the mutual fund and closed-end fund for which Confluence acts a sub-adviser. Confluence has adopted and implemented a policy which it believes is reasonably designed so that proxies are voted in the best interests of its clients. In pursuing this policy, proxies are voted in a manner that seeks to maximize value to its clients. Confluence maintains such records as required in connection with such activity. Confluence utilizes Broadridge Financial Solutions, Inc., a service provider to the global financial industry, to vote, coordinate, process, manage, manage and maintain the majority of electronic records of Confluence’s proxy votes. Proxy statements received are voted using a custom Confluence template, which is based off the Broadridge Proxy Policies and Insights Shareholder Value Template (“Proxy Policies and Insights”). Proxy Policies and Insights seeks to maximize shareholder value in proxy voting and is created using voting trends of large, top fund families that seek to maximize shareholder value. Proxy Policies and Insights produces data-driven voting guidelines that reflect majority voting trends based on logic described in the Proxy Policies and Insights. Confluence will override these recommendations in the event Confluence determines that shareholder value is best served by voting differently than what management or the Proxy Policies and Insights might recommend. Additionally, Confluence may determine not to vote a particular proxy if the costs and burdens exceed the benefits of voting or if a determination is made that not voting is in the best interests of the client. Confluence is generally responsible for responding to any corporate actions as well as addressing address any proxy ballot issues for which a recommendation is not provided by Proxy Policies and Insights. Proxy statements for the First Trust Specialty Finance and Financial Opportunities Fund under the Confluence Proxy Voting Policy vote such proxies in the same proportion as the vote of all other shareholders of the fund (i.e., “echo vote” or “mirror vote”). Upon a client's request, Confluence will provide to the client a copy of its Proxy Voting Policy as well as information concerning the voting of securities in such discretionary account portfolios. Confluence will neither advise nor act on behalf of the client in legal proceedings involving companies whose securities are held in the client’s account(s), including, but not limited to, the filing of “Proofs of Claim” in class action settlements. The Confluence Proxy Committee governs the proxy process, policy, policy and template. Confluence does not instruct or give advice to its clients on whether or not to participate in class actions. Confluence fees are generally payable quarterly in advance, although certain Wrap Sponsor firms bill xxxx fees in arrears. Confluence does not require such advance payment six months or more in advance of more than $1,200 in fees per client. Confluence does not currently believe nor foresee any financial condition that is reasonably likely to impair its ability to meet its contractual commitments to clients. Confluence has not been the subject of a bankruptcy petition. This brochure supplement provides information about Confluence’s investment team personnel that supplements the Confluence brochure. You should have received a copy of that brochure. Please contact Xxxxx Xxxxxx, Chief Compliance Officer, at (000) 000-0000 if you did not receive Confluence’s brochure or if you have any questions about the contents of this supplement. Additional information about Confluence’s investment team personnel is available on the SEC’s website at xxx.xxxxxxxxxxx.xxx.xxx Value Equity Strategies: All Cap Value; Equity Income; Increasing Dividend Equity Account (“IDEA”); Large Cap Value; Small Cap Value; Value Opportunities; Large Cap IDEA; Large Cap Equity Income; Small-Mid Cap Value Xxxxxxx X’Xxxxx Chief Market Strategist Xxxxx Xxxxxxxx, CFA Portfolio Manager Xxxxx Xxxx Xxxxx Xxxxxx, CFA Chief Executive Financial Officer & Chief Investment Officer Equity Analyst Xxxxxxx Xxxxxx- Xxxxxxxxx, CFA Market Strategist Xxxxxxx X’Xxxxx Chief Market Strategist Xxxxxxx Xxxxxxx Chief Investment Officer – Asset Allocation Chief Market Strategist Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxx Xxxxxxx Equity Analyst Xxxx Xxxxxx, CFA Xxxxxxx X’Xxxxx Chief Executive Officer & Chief Market Strategist Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxx Xxxxx Tore Stole Director of Research (International Equities) PROFESSIONAL CERTIFICATIONS Select employees have earned certifications which are explained in detail below. The Chartered Financial Analyst (CFA) designation is an international professional certification offered by the CFA Institute. In order to earn the CFA designation, candidates must complete a series of three exams, hold a bachelor’s degree from an accredited institution or have equivalent education or work experience as well as 48 months of qualified, professional work experience. CFA charter holders are also obligated to adhere to a strict Code of Ethics and Standards governing their professional conduct. The Certified Public Accountant (CPA) designation is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA. Eligibility to sit for the Uniform CPA Exam requires a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one year of study. CPAs are required to take continuing education courses in order to renew their license, and most states also require their CPAs to take an ethics course during every renewal period. CERTIFICATE IN INVESTMENT PERFORMANCE MEASUREMENT® (CIPM®) The Certificate in Investment Performance Measurement® (CIPM®) program is a specialized course of study that leads to the CIPM® designation—the only credential dedicated to investment performance evaluation and presentation. The program was developed by the CFA Institute to promote professional ethics; global best practices in investment performance measurement, attribution, appraisal, and reporting techniques; and proficiency in using the increasingly important Global Investment Performance Standards (GIPS)®. To earn the CIPM® certificate, candidates must pass two exams and have two years of professional experience substantially entailing performance-related activities or four years in the investment industry. Xxxx Xxxxxx, CFA Chief Executive Officer and Chief Investment Officer As Chief Investment Officer, Xxxx Xxxxxx provides overall leadership and oversees all of Confluence’s investment strategies and investment operations, including equity strategies (value and international), asset allocation and alternative investments. In addition to his active involvement in the investment decisions of the firm, Xxxx has been instrumental in product development. Xxxx has over 40 years of investment experience, with a focus on value- oriented equity analysis and management. Prior to joining Confluence, Xxxx was a senior vice president of X.X. Xxxxxxx & Sons, Inc. and of Gallatin Asset Management, Inc., and was a member of the Board of Directors of both companies. From 1994 to May 2008, he was Chief Investment Officer of Gallatin Asset Management, Inc., and its predecessor organization, X.X. Xxxxxxx Asset Management, the investment management arm of X.X. Xxxxxxx, Inc. Xxxx and his team were responsible for the management of over $10 billion of assets across various equity, asset allocation and fixed income strategies. From 1999 to 2008, Xxxx was Chairman of the X.X. Xxxxxxx Investment Strategy Committee, which set investment policy and established asset allocation models for the entire organization. He was a founding member of this body and served on it for over 20 years. Xxxx began his career with X.X. Xxxxxxx in 1978, serving as an equity analyst for the firm's Securities Research Department from 1979 to 1994. During his last five years in Securities Research, Xxxx was equity strategist and manager of the firm's Focus List. Xxxx earned his Bachelor of Arts from Wheaton College (Illinois) and is a CFA charter holder. Item 3 – Disciplinary Information There are no legal or disciplinary events that would be material to your evaluation of this supervised person providing investment advice.
Appears in 1 contract
Samples: Investment Advisory Agreement
Voting Client Securities. For discretionary accounts, unless otherwise directed by the client or Financial Advisor (on the client’s behalf), Confluence is responsible for voting proxies with respect to securities held in discretionary account portfolios. Confluence also has been delegated the responsibility for voting proxies with respect to portfolio securities held by the mutual fund and closed-end fund for which Confluence acts a sub-adviser. Confluence has adopted and implemented a policy which it believes is reasonably designed so that proxies are voted in the best interests of its clients. In pursuing this policy, proxies are voted in a manner that seeks to maximize value to its clients. Confluence maintains such records as required in connection with such activity. Confluence utilizes Broadridge Financial Solutions, Inc., a service provider to the global financial industry, to vote, coordinate, process, manage, and maintain the majority of electronic records of Confluence’s proxy votes. Proxy statements received are voted using a custom Confluence template, which is based off the Broadridge Proxy Policies and Insights Shareholder Value Template (“Proxy Policies and Insights”). Proxy Policies and Insights seeks to maximize shareholder value in proxy voting and is created using voting trends of large, top fund families that seek to maximize shareholder value. Proxy Policies and Insights produces data-driven voting guidelines that reflect majority voting trends based on logic described in the Proxy Policies and Insights. Confluence will override these recommendations in the event Confluence determines that shareholder value is best served by voting differently than what management or the Proxy Policies and Insights might recommend. Additionally, Confluence may determine not to vote a particular proxy if the costs and burdens exceed the benefits of voting or if a determination is made that not voting is in the best interests of the client. Confluence is generally responsible for responding to any corporate actions as well as addressing any proxy ballot issues for which a recommendation is not provided by Proxy Policies and Insights. Proxy statements for the First Trust Specialty Finance and Financial Opportunities Fund under the Confluence Proxy Voting Policy vote such proxies in the same proportion as the vote of all other shareholders of the fund (i.e., “echo vote” or “mirror vote”). Upon request, Confluence will provide to the client a copy of its Proxy Voting Policy as well as information concerning the voting of securities in such discretionary account portfolios. Confluence will neither advise nor act on behalf of the client in legal proceedings involving companies whose securities are held in the client’s account(s), including, but not limited to, the filing of “Proofs of Claim” in class action settlements. The Confluence Proxy Committee governs the proxy process, policy, and template. Confluence does not instruct or give advice to its clients on whether or not to participate in class actions. Confluence fees are generally payable quarterly in advance, although certain Wrap Sponsor firms bill fees in arrears. Confluence does not require such advance payment six months or more in advance of more than $1,200 in fees per client. Confluence does not currently believe nor foresee any financial condition that is reasonably likely to impair its ability to meet its contractual commitments to clients. Confluence has not been the subject of a bankruptcy petition. This brochure supplement provides information about Confluence’s investment team personnel that supplements the Confluence brochure. You should have received a copy of that brochure. Please contact Xxxxx Xxxxxx, Chief Compliance Officer, at (000) 000-0000 if you did not receive Confluence’s brochure or if you have any questions about the contents of this supplement. Additional information about Confluence’s investment team personnel is available on the SEC’s website at xxx.xxxxxxxxxxx.xxx.xxx Xxxx XxxxxxXxxxx Xxxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxxxxx Xxxxxxx Chief Investment Officer – Asset Allocation Chief Market Strategist Xxxx XxxxxxEquity Analyst Xxxxx Xxxxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Equity Analyst Xxx Xxx, CFA Equity Analyst Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Advisory Director – Market Strategy Xxxxxxx Xxxxxxx Chief Market Strategist Xxxx Xxxxx Director of Research (International Equities) Investment Officer – Asset Allocation Equity Analyst Select employees have earned certifications which are explained in detail below.
Appears in 1 contract
Samples: Investment Advisory Agreement
Voting Client Securities. For discretionary accounts, unless otherwise directed by the client or Financial Advisor (on the client’s behalf), Confluence is responsible for voting proxies with respect to securities held in discretionary account portfolios. Confluence also has been delegated the responsibility for voting proxies with respect to portfolio securities held by the mutual fund and closed-end fund for which Confluence acts a sub-adviser. Confluence has adopted and implemented a policy which it believes is reasonably designed so that proxies are voted in the best interests of its clients. In pursuing this policy, proxies are voted in a manner that seeks to maximize value to its clients. Confluence maintains such records as required in connection with such activity. Confluence utilizes Broadridge Financial Solutions, Inc., a service provider to the global financial industry, to vote, coordinate, process, manage, manage and maintain the majority of electronic records of Confluence’s proxy votes. Proxy statements received are voted using a custom Confluence template, which is based off the Broadridge Proxy Policies and Insights Shareholder Value Template (“Proxy Policies and Insights”). Proxy Policies and Insights seeks to maximize shareholder value in proxy voting and is created using voting trends of large, top fund families that seek to maximize shareholder value. Proxy Policies and Insights produces data-driven voting guidelines that reflect majority voting trends based on logic described in the Proxy Policies and Insights. Confluence will override these recommendations in the event Confluence determines that shareholder value is best served by voting differently than what management or the Proxy Policies and Insights might recommend. Additionally, Confluence may determine not to vote a particular proxy if the costs and burdens exceed the benefits of voting or if a determination is made that not voting is in the best interests of the client. Confluence is generally responsible for responding to any corporate actions as well as addressing address any proxy ballot issues for which a recommendation is not provided by Proxy Policies and Insights. Proxy statements for the First Trust Specialty Finance and Financial Opportunities Fund under the Confluence Proxy Voting Policy vote such proxies in the same proportion as the vote of all other shareholders of the fund (i.e., “echo vote” or “mirror vote”). Upon a client's request, Confluence will provide to the client a copy of its Proxy Voting Policy as well as information concerning the voting of securities in such discretionary account portfolios. Confluence will neither advise nor act on behalf of the client in legal proceedings involving companies whose securities are held in the client’s account(s), including, but not limited to, the filing of “Proofs of Claim” in class action settlements. The Confluence Proxy Committee governs the proxy process, policy, policy and template. Confluence does not instruct or give advice to its clients on whether or not to participate in class actions. Confluence fees are generally payable quarterly in advance, although certain Wrap Sponsor firms bill xxxx fees in arrears. Confluence does not require such advance payment six months or more in advance of more than $1,200 in fees per client. Confluence does not currently believe nor foresee any financial condition that is reasonably likely to impair its ability to meet its contractual commitments to clients. Confluence has not been the subject of a bankruptcy petition. This brochure supplement provides information about Confluence’s investment team personnel that supplements the Confluence brochure. You should have received a copy of that brochure. Please contact Xxxxx Xxxxxx, Chief Compliance Officer, at (000) 000-0000 if you did not receive Confluence’s brochure or if you have any questions about the contents of this supplement. Additional information about Confluence’s investment team personnel is available on the SEC’s website at xxx.xxxxxxxxxxx.xxx.xxx Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxxxxx Xxxxxxx Chief Investment Officer – Asset Allocation Chief Market Strategist Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Equity Analyst Xxxx Xxxxxx, CFA Chief Executive Officer & Chief Investment Officer Xxxxxxx X’Xxxxx Chief Market Strategist Xxxx Xxxxx Director of Research (International Equities) Select employees have earned certifications which are explained in detail below.at
Appears in 1 contract
Samples: Investment Advisory Agreement
