The information provided is intended for informational purposes only and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Scharf Group, its affiliates and associates to any additional registration requirements within such jurisdiction or country. All information provided is believed to be correct and accurate as of the date of creation; however, Scharf Group, its affiliates and associates do not represent, warrant or guarantee its accuracy or completeness. This is neither a solicitation to sell nor an offer to buy any security, fixed vehicle or deposit. Please read prospectuses and client disclosure statements carefully before investing or depositing money. Investors should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800.392.8994. Consult a tax and/or legal professional regarding the taxability of investments, fixed vehicles and deposits as well as the potential tax and/or legal implications associated with information mentioned herein. Scharf Group, its affiliates and associates do not represent themselves to be accountants or attorneys; no information contained herein is meant to represent otherwise.

Scharf Group LLC is an independent financial services company offering a broad range of services to individuals and small to mid-size businesses. Services offered include Investment, Retirement, Education & Insurance Planning, Banking, Mortgage Services and Fee Based Financial Planning. The individuals associated with Scharf Group may also be affiliated with other entities to provide some of the services listed above. Securities and Fee Based Financial Planning services are offered through representatives licensed through Cumberland Brokerage Corporation, member FINRA/SIPC. Scharf Group LLC is licensed with the Commonwealth of PA Department of Banking as a First Mortgage Broker (license #11663) and a Secondary Mortgage Broker (license #12858), member PAMB and NAMB. Scharf Group, its affiliates and associates will not solicit or accept business in any state in which they are not properly registered or otherwise qualified to conduct business.

The information provided is intended for informational purposes only and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Scharf Group, its affiliates and associates to any additional registration requirements within such jurisdiction or country. All information provided is believed to be correct and accurate as of the date of creation; however, Scharf Group, its affiliates and associates do not represent, warrant or guarantee its accuracy or completeness. This is neither a solicitation to sell nor an offer to buy any security, fixed vehicle or deposit. Please read prospectuses and client disclosure statements carefully before investing or depositing money. Investors should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800.392.8994. Consult a tax and/or legal professional regarding the taxability of investments, fixed vehicles and deposits as well as the potential tax and/or legal implications associated with information mentioned herein. Scharf Group, its affiliates and associates do not represent themselves to be accountants or attorneys; no information contained herein is meant to represent otherwise.

417 N. 8th Street, Suite 507 Philadelphia, PA 19123 T/800.392.8994 F/215.972.5559 www.scharfgroup.com

securities offered through cumberland brokerage corp. member nasd,sipc