Trust Examiner School eBook

Internal Use Only

Conflicts of Interest (please explain any ‘no’ answer) 1. Are the following fees adequately disclosed to clients? A. Shareholder Service Fees (sweep fees) B. 12b-1 fees ☐ Yes ☐ No ☒ N/A 2. Is the use of Own-bank Savings and Time Deposits appropriate? ☐ Yes ☐ No ☒ N/A 3. Are the receipt and use of Soft Dollars adequately disclosed to clients? ☐ Yes ☐ No ☒ N/A Comments: • Investments (Attach printout) – Applicable for Investment Management Agency Investment Objective : Aggressive - 80% equities, 20% fixed Investment Authority : ☒ Sole ☐ None ☐ Shared with Investment Officer : Uncle Billy Bailey Portfolio Composition – show as % of total Asset Class Target or Model Current Allocation

Comments (Ex: how assets are valued, unique asset class compositions, special characteristics, etc.)

Cash and Equivalents

0.0%

0.6%

Equities

80%

81.5%

Fixed Income

20%

17.9%

Real Estate Non-Traditional

Overdrafts Other Liabilities

1. Investment Objective

a. Is there support for the initial allocation on file? ☒ Yes ☐ No If no, please explain: b. Does management update and document the client’s objective each year? ☒ Yes ☐ No If no, please explain: c. Is the portfolio consistent with the current investment objective? ☒ Yes ☐ No If no, please explain: d. If not, is management executing a plan to remedy the inconsistency? ☐ Yes ☐ No If no, please explain: