BUY Affiliated Mgrs. AMG AMG US Michael Carrier, CFA AllianceBernstein AB ABUS Michael Carrier, CFA BlackRock, Inc. BLK BLK US Michael Carrier, CFA Charles Schwab Corp. SCHW SCHW US Michael Carrier, CFA CME Group CME CME US Michael Carrier, CFA Cohen & Steers CNS CNS US Michael Carrier, CFA Goldman Sachs GS GS US Mic

$61 11.0 567 31.2 1,119 E*TRADE Financial Corp ETFC OW $53.49 $66 23.4 271 14.5 365 § LPL Financial Holdings Inc LPLA EW $60.76 $62 2.0 90 5.5 560 é Charles Schwab Corp SCHW OW $54.27 $63 16.1 1,340 20 3,181 Mean (Market Cap, EV and AuM equals Total) 13.1 123.8 5,225 Median 13.5 Covered Brokers & Asset Managers Mean