Pension Planners Securities, Inc.

Disclosure

Welcome to Pension Planners Securities, Inc. and Pension Planners Insurance Services, Inc., two sister corporations with one common mission: To be the business partner in our Representative's pursuit of success. To amplify our positive impact, we will maximize Rep pay-outs, minimize red-tape, continually enhance technology and services, safeguard our Representatives need for independence and continue to offer a positive, proactive environment driven by the needs of our Representatives. While all of our aspirations are important, nothing will supersede the number one priority of having an atmosphere that makes our Representatives feel at home.

Pension Planners Securities, Inc. has over 200 Representatives that are experienced in a vast array of financial areas including, but not limited to, group and individual retirement plans, tax-deferred investments, tax-free investing, mutual funds, annuities, stocks, estate planning and insurance.

The Securities firm was established in 1982 and has grown at an astronomical pace in the last few years. We credit this to the standards of our firm. We look for only the most ethically minded Representatives who have a true desire to better the financial circumstances of their clients. We consistently bring our Representatives continuing education material and new ideas to assist them in catering to their clients' needs. Our Representatives and their ability to meet the needs of their clientele are our main concern.

Our Insurance Firm (Pension Planners Insurance Services, Inc.) was established in 1977. We have hundreds of licensed agents who specialize in annuities, equity indexed products, disability, long-term care and various types of life insurance. The firm's goal is to consistently seek out the most innovative products. This means weighing all aspects of a policy including costs, benefits and special features. We then make this information available to our agents with plenty of back office support. To fulfill this ideal, we have committed to a business marriage with CPS Insurance. The circle is complete: CPS Insurance researches, analyzes and follows through on pending policies and our well informed agents can concentrate on the financial needs of their clients.

Whether you are a Registered Representative, Insurance Professional or an Investor looking for a home, PPSI wants to build a future together with you.

Pension Planners Securities, Inc. ("PPSI") is a broker/dealer and a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). PPSI is also an investment adviser. PPSI provides financial services to the public, including the sale of securities and insurance products and the provision of financial planning. PPSI provides these products and services through a network of independent registered representatives, who are also generally licensed as insurance agents and may be investment advisor representatives as well. As independent agents, PPSI's registered representatives may choose to provide a wide variety of products and services from many different providers. Through our registered representatives, customers may purchase securities, insurance products, and financial planning services offered by many different companies, including affiliated and non-affiliated companies.

PPSI is not a bank or credit union, so the financial services PPSI provides are not insured by the Federal Deposit Insurance Corporation ("FDIC") or the National Credit Union Association ("NCUA"). Securities and certain insurance products obtained through PPSI may fluctuate in value and involve risks, including possible loss of principal.

Our commitment: With regard to all sales, PPSI and its registered representatives remain committed to helping customers choose financial products and services designed to meet their individual needs and goals. Honesty, integrity, and fairness are at the center of our culture and values.

Some or all of the various compensation incentives discussed below may affect each PPSI registered representative. For specific information on any of the issues, or for specific compensation information about your representative and the product(s) you are purchasing, please contact the Compliance department of PPSI at (800) 722-2999 ext. 105. PPSI's registered representatives are required to make sales that are suitable for each individual. In addition, PPSI reviews each recommended sales transaction for suitability.

Compensation in general: Our Representatives are compensated in a variety of ways. This document is intended to provide you with information regarding that compensation. The sale of certain products may result in higher compensation to the representative who sells your products to you, your representative's managers, and/or PPSI, and may create an incentive to favor one security or insurance product over another. Such differences in compensation, however, do not affect the returns an investor will receive on the net amount that is invested in a product.

Net commission: Representatives of PPSI will receive different levels of commission depending on the type and volume of securities or insurance products they sell. The representative's commission on a particular sale is influenced by three primary factors.

First, PPSI receives different levels of gross commission from the companies whose securities and insurance products it sells. These levels are individually negotiated with these companies and vary from company to company. Because there are a myriad of compensation structures, investors should consult the specific product prospectus to understand the compensation that could be paid to PPSI. In addition, different investment products have different compensation structures. For example, a variable annuity sale generally provides more total compensation to a representative than an individual mutual fund sale.

Second, PPSI deducts a portion of gross commission to cover its overheard and profit before passing on a "net commission" to the representative. As a result, net commissions will vary between different securities and insurance products. Different insurance products have different amounts of first year premium that the insured must pay. On sales of insurance products, the amount of first year premium is used to calculate net commission.

Finally, net commission rates are affected by the volume of products sold. In some cases, these levels are individually negotiated with a representative or with organizations by which the representative is employed. In other cases, they are based on a grid that PPSI uses to set commission levels and volume. PPSI's grid system passes through increasingly higher commission percentages to certain representatives as their total sales increase.

The compensation described above relates to sales of securities and insurance products. In some instances, registered representatives may offer financial planning services. The compensation received for these services will either be a flat fee payment for the provision of a plan or a percentage of a customer's annualized total assets under management. Such fees would be in addition to any commissions to be received for product sales in connection with such services.

Residual compensation: Companies that offer securities and insurance products may compensate registered representatives through smaller on-going payments that often continue for many years. This type of compensation is called residual compensation. The residual compensation offered by some companies may be more advantageous to a registered representative than the residual compensation offered by other companies. Furthermore, only certain products and/or share classes provide residual compensation for representatives, which compensation is then applied to PPSI's grid system for purposes of increasing a representative's compensation percentage.

PPSI also receives servicing fees from product companies. Such fees compensate PPSI for various services it provides in connection with selling a product and vary by product and company.

Finally, PPSI and its representatives also receive payments for renewals of certain insurance products, which payments vary by insurance product and company, and which may provide different incentives depending on the amount of the renewal payment.

Marketing allowances: Non-affiliated companies may make payments to PPSI in addition to the transaction-based compensation received in connection with product sales.

Some non-affiliated companies with which PPSI does business may, in recognition of our sales and marketing efforts, agree to pay marketing allowances to PPSI. The marketing allowances compensate PPSI for providing the companies with additional opportunities to contact our registered representatives regarding features of their products and services and to provide our representatives with training, marketing support, and educational presentations on investments, the products they offer, industry trends, new investment ideas, and other issues. These amounts are paid to PPSI, which utilizes these payments to provide education, tools, marketing and other support to representatives.

Non-affiliated firms that provide marketing allowances vary from year to year. Marketing allowances have been received in recent years from AIG, AILIC, Alpha Investment Management, AXA Equitable, American Funds, American Financial Management, American United Life, BTS Management, Chase, CLS, CPS, Franklin Templeton, FTJ Fund Choice, Great American, Hanlon Investments, Hartford, ING, Interlink, Investigo, Jefferson National, John Hancock/Manulife, Midland National, Nationwide, Ohio National, Oppenheimer, PageOne Financial, Paladin Realty,  Pacific Life, Private Equity Investments, Prudential, Safeco, Putnam, RBC Dain, Ridgewood Energy, Security Benefit Life, SunLife, Triple Net Properties, US Allianz, Wells Reit, and WM Group of Funds.

Other marketing: From time to time, PPSI and other companies may provide payments to representatives to offset marketing costs, such as client appreciation events. It is also possible that a source other than PPSI could offer a registered representative bonus compensation based on production. PPSI must approve all compensation of this kind prior to it being received by the registered representative.

Sales incentive contests: Periodically, PPSI may conduct sales incentive contests for its registered representatives to the extent permitted under applicable law. These sales contests often focus on the sales of one type of securities or insurance product (for example, variable annuities), but the sales contests are not based on sales of one particular brand of product or family of products, and will give equal weight or credit for products sold.

Whether you are a Registered Representative, Insurance Professional or an Investor looking for a home, PPSI wants to build a future together with you.