Medley & Brown, LLC

Financial Advisors, Jackson, Mississippi

Disclosures

Medley & Brown, LLC is registered with the Securities and Exchange Commission under the Investment Advisors Act of 1940. All information contained on this website is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in states where Medley & Brown, LLC is registered or where an exemption from such registration is available, and no new account will be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services.

All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.

Past performance may not be indicative of future results. Investors should also realize that investing in securities involves risk of loss if the purchased securities decline in value, and that money invested in securities is not guaranteed against such loss by any governmental or non-governmental organization.

Medley & Brown, LLC is not a law or accounting firm. No portion of the web site should be interpreted as legal, accounting or tax advice.

This web site is limited to dissemination of general information about Medley & Brown, LLC. It should not be construed as investment advice. Investment advice will be given only upon execution of a contract between the client and Medley & Brown, LLC and after the delivery of ADV Part II. Form ADV Part II which discusses business operations, services and fees is available upon written request or by clicking the following link: Form ADV Part II

The information on this website is intended for U.S. residents only.

Privacy Policy

Medley & Brown, LLC Policy on Privacy of Client Information

We at Medley & Brown, LLC consider your privacy to be a priority to us. We understand that you have entrusted us with your private financial information, and we will protect that information. We do not disclose nonpublic personal information about our clients (or former clients) to third parties except as described below.

We collect information about you (such as your name, address, social security number, assets and income) from our discussions with you, from documents that you may deliver to us and in the course of providing advisory services to you. We may use this information to open an account for you, to process a transaction for your account or otherwise in furtherance of our business. In order to service your account and effect your transactions, we may provide your personal information to firms that assist us in servicing your account and have a need for such information. We may also disclose such information to service providers that agree to protect the confidentiality of your information and to use the information only for the purposes for which we disclose the information to them. Unless otherwise requested by you, we do not provide nonpublic personal information about you to outside firms, organizations or individuals except where required by law.

We restrict access to nonpublic personal information about you to our employees who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your personal information.

Proxy Voting Policy

Medley & Brown Policy on Proxy Voting

Clients of Medley & Brown, LLC Financial Advisors (“Medley & Brown”) have the option to retain proxy-voting rights on the securities held in their discretionary accounts, or appoint Medley & Brown to vote proxies on their behalf. This election is made at the time that Medley & Brown assumes management of the account, but may be changed at any time at the discretion of the client. To the extent that Medley & Brown is responsible for voting proxies pertaining to client securities, the following policy, procedure and guidelines will be followed. This policy is not designed to anticipate every possible situation. The guiding principle for this policy is to vote in a manner that is in the best interest of the shareholder/client.

General Policy Guidelines

Medley & Brown evaluates management and corporate governance as a component of the investment process. Generally, Medley & Brown invests in the securities of companies that it believes are managed in the best interest of shareholders. As a result, the general policy of Medley & Brown is to vote in accordance with the recommendations of corporate management. Notwithstanding this general rule, Medley & Brown will vote against the recommendations of management any time that doing so appears to be in the best interest of shareholders. Such exceptions to the general policy (i.e. voting against management) must be documented in the proxy file.

Proxy Decision-Making Guidelines

All proxies are reviewed by one of the Portfolio Managers/Client Advisors. Corporate proxies (as opposed to mutual fund proxies) will generally be reviewed by the Equity Portfolio Manager. Medley & Brown will cast all votes to which it is entitled uniformly, in accordance with this policy, and a record of the vote must be maintained in the proxy file. However, Medley & Brown is not required by this policy to vote on all proxy issues. Medley & Brown may abstain if: a) a conflict of interest is evident; b) the outcome of the issue is deemed to be immaterial to the value of the shareholders investment; or c) the portfolio manager can not reasonably conclude which course of action is in the best interest of shareholders. Any decision to abstain from voting must be documented in the proxy file and the reason must be cited.

Conflicts of Interest

A conflict of interest may arise any time that Medley & Brown has a relationship with a party to a proxy issue whereby the interests of that party and the interests of shareholders may not be aligned. It is the policy of Medley & Brown to abstain from voting in any such situation. In this case, the Portfolio Manager/Client Advisor shall immediately refer the vote to the Client and document the proxy file.

Recordkeeping

The Chief Compliance Officer of Medley & Brown or his designee will maintain a file with records of all proxies voted, together with documentation regarding any issue that was voted against the recommendation of management or from which Medley & Brown abstained from voting.

If you have any questions or concerns, or to obtain a copy of the proxy voting records of Medley & Brown, LLC, please contact us at (601) 982-4123 or 1-800-844-4123.

Medley & Brown, LLC

Financial Advisors

P.O. Box 16725

Jackson, MS 39236-6725