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Departure of Directors or Certain

Appointment of R. Lawrence Roth as Chief Executive Officer

Effective November 17, 2015, the board of directors appointed R. Lawrence Roth to serve as the chief executive officer of the Company. Mr. Roth will also continue to serve as chief executive officer of Cetera Financial Group, Inc. (Cetera), the Companys independent retail advice division.

Mr. Roth, 58, has served as chief executive officer of Cetera, and as a member of the board of directors of Cetera Financial Holdings. Inc., one of the Companys subsidiaries that is the holding company of Cetera, since May 2014. Previously, Mr. Roth served as a director of the Company fromApril 2015 to August 2015. Mr. Roth also served as the chief executive officer of Realty Capital Securities, LLC (RCS), a subsidiary of the Company, from September 2013 through May 2014. In January 2006, Mr. Roth became president and chief executive officer of Royal Alliance, a subsidiary of AIG Advisor Group, Inc., and then became president and chief executive officer of AIG Advisor Group in September 2007 until September 2013. Prior to joining AIG Advisor Group, Mr. Roth served as managing director for Berkshire Capital Securities, LLC, from 2001 until January 2006. Mr. Roth has previously served as chairman of the board of directors, and is currently a board member, of The Insured Retirement Institute, a leading association for the retirement income industry. He also previously...