Michael Malone

Part of Lehman Brothers Holdings, Inc., Shearson Lehman Brothers Holdings, Inc. provides security broker services. The company is based in New York, NY.

Comerica Bank (Investment Management Texas) (Comerica-IM) is the asset management arm of Comerica Bank, which is owned by Comerica, Inc. (NYSE: CMA), a financial services company headquartered in Dallas, Texas. The firm was founded in 1849 by Elon Farnsworth. Comerica-IM manages assets for high net-worth individual investors, foundations, endowments and institutional investors. The firm also provides asset allocation guidelines and investment research for Comerica Securities, their brokerage affiliate.

JPMorgan Securities LLC (JPMS) is a securities brokerage firm headquartered in New York City. The firm was founded in 1985 and is a subsidiary of JPMorgan Broker-Dealer Holdings, Inc., ultimately held by JPMorgan Chase & Co., Inc. (NYSE: JPM). JPMS provides research on fixed income, credit, derivatives, emerging markets, foreign exchange, structured finance, technical analysis and bond indices. Their equity analysts cover equities throughout North America, EMEA, Asia/Pacific and the emerging markets. The firm's fixed income team formulates trading and portfolio recommendations for investors in global bonds and other fixed-income markets based on valuations, analytics and market dynamics.

Founded in 1985, Comerica Securities, Inc. is a full-service broker/dealer and registered investment advisor located in Detroit, Michigan. The firm offers debt/fixed-income underwriting, equity underwriting, asset-backed securities, medium-term notes and convertible debt and trust preferred securities. Comerica Securities is a subsidiary of Comerica Investment Services, Inc. Their ultimate parent is Comerica, Inc. (NYSE: CMA). Comerica Securities is a member of FINRA/SIPC.

World Asset Management Inc. (WAM) is a SEC-registered investment advisor and fund manager headquartered in Detroit, Michigan. The firm was founded in 1994 and is a subsidiary of Comerica Investment Services, Inc., ultimately held by Comerica, Inc. (NYSE: CMA). WAM provides passive investment options for corporations, municipalities, Taft-Hartley clients, endowments, foundations, hospitals, and private clients. The firm also serves as a sub-adviser to separately managed accounts and bank collective funds.

Founded in 2009, Morgan Stanley Smith Barney LLC (MSSB) is a registered investment adviser, a registered broker-dealer, a registered futures commission merchant, and a member of the New York Stock Exchange. Headquartered in Purchase, New York, MSSB is one of the largest financial services firms in the US with branch offices in all 50 states and the District of Columbia. The firm was initially owned by a joint venture company which was indirectly owned 65% by Morgan Stanley and 35% by Citigroup, Inc. On June 28, 2013, Morgan Stanley purchased Citi’s 35% interest in MSSB. As such, the firm is now a direct subsidiary of Morgan Stanley Smith Barney Holdings LLC and they are a wholly-owned indirect subsidiary of Morgan Stanley (NYSE: MS).

Comerica Investment Services, Inc. provides securities and brokerage services. The company is headquartered in Novi, MI.

Comerica Securities, Inc. (Investment Management) (Comerica Securities-IM) is the registered investment management division of Comerica Securities, Inc., a registered full-service broker/dealer headquartered in Detroit, Michigan. Founded in 1985, the firm is a wholly-owned subsidiary of Comerica Investment Services, Inc., ultimately held by Comerica, Inc. (NYSE: CMA). Comerica Securities-IM provides investment advisory services and managed portfolio solutions wrap program to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, or other entities.