Phil Scott's Team: A Leading Broker at Merrill Lynch Tiburon Research December 29, 2018

Phil Scott's Team Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

Phil Scott's Team History Phil Scott's Team was Founded in XXXX and Has Subsequently Evolved through its Early, Middle, & Recent Phases Phil Scott's Team History Phil Scott's Team Founded Phil Scott's Team Today Early Phase Middle Phase Recent Phase Approximate Dates: XXXX XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: XXXX: Phil Scott's Team founded XXXX: -- XXXX: -- XXXX: -- Source: Tiburon Research & Analysis 3

Phil Scott's Team was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Phil Scott's Team is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 5

Phil Scott's Team Has a Web Site with XXXX Core Sections, Including __ -- -- -- -- - -- Source: Tiburon Research & Analysis 6

Phil Scott's Team Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 7

Phil Scott's Team is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 8

Phil Scott's Team Has Employees Source: Tiburon Research & Analysis 9

Phil Scott's Team Serves Clients Needs data Phil Scott's Team Clients Source: Tiburon Research & Analysis 10

Phil Scott's Team Has Gathered Accounts Needs data Phil Scott's Team Accounts Source: Tiburon Research & Analysis 11

Phil Scott's Team Has an $___ Average Account Size Needs data Phil Scott's Team Average Account Size Source: Tiburon Research & Analysis 12

Phil Scott's Team Has Gathered Assets Under Administration Needs data Phil Scott's Team Assets Under Administration ($ Millions) Source: Tiburon Research & Analysis 13

Phil Scott's Team Generates Revenues Needs data Phil Scott's Team Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Phil Scott's Team Earns $___ Million Needs data Phil Scott's Team Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

Phil Scott's Team Provides a Number of Services, Including… -- -- -- -- -- Source: Tiburon Research & Analysis 16

Phil Scott's Team’s First Service is ___ Comments -- Source: Tiburon Research & Analysis 17

Phil Scott's Team’s Second Service is ___ Comments -- Source: Tiburon Research & Analysis 18

Phil Scott's Team is Led by … Organizational Chart -- -- -- -- -- -- Source: Tiburon Research & Analysis 19

Phil Scott's Team Has a Board of Directors Led by its Chairman… -- -- -- -- -- -- -- -- -- -- Source: Tiburon Research & Analysis

Phil Scott's Team is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Phil Scott's Team Has Assets Needs data Phil Scott's Team Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Phil Scott's Team Has Liabilities Needs data Phil Scott's Team Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Phil Scott's Team Has Shareholders’ Equity Needs data Phil Scott's Team Shareholders Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Phil Scott's Team Earns … Per Share Needs data Phil Scott's Team Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Phil Scott's Team Declares … Dividends Per Share Needs data Phil Scott's Team Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Phil Scott's Team Has a … Dividend Yield Needs data Phil Scott's Team Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Phil Scott's Team’s Stock Price is … Needs data Phil Scott's Team Stock Price Source: Tiburon Research & Analysis 28 28 28

Phil Scott's Team Has … Shares Outstanding Needs data Phil Scott's Team Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Phil Scott's Team’s Market Capitalization is … Needs data Phil Scott's Team Market Capitalization ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Phil Scott's Team is Owned by …. Needs data Phil Scott's Team Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Phil Scott's Team’s Stock Volume is…. Needs data Phil Scott's Team Stock Volume Source: Tiburon Research & Analysis 32 32 32

Tiburon Strategic Advisors Comments Focus on corporate-level strategy Serve senior executives only at financial services companies Key services: market seminars, market research, & strategy consulting Served over 450 corporate clients and completed over 2,200 projects since 1998 Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors Chip Roame background McKinsey & Company Charles Schwab & Company Tiburon since 1998 Source: Tiburon Research & Analysis 33 33