The Importance of a Unified Account Opening Platform

1. The Importance of a Unified Account Opening Platform August 19, 2011

2. Agenda • Fetter Logic / Quadron Data Solutions Overview • Current State of Account Opening • Other Considerations • Quadron’s Account Opening Solution

3. Fetter Logic Overview • Quadron Data Solutions, A Fetter Logic Company • The Q-Suite: Enterprise-wide solutions • Software as a Service (“SaaS”) data management provider with bundled software solutions dedicated to the securities industry • Very mature operational and security infrastructure • Fetter Logic Key Statistics • Established 1997 • Over 250 broker-dealers served with 18,000 end users • 7 million investor accounts warehoused • 20 billion records stored / 30 million processed per day • $220 billion assets under administration

4. Quadron Integrated Platform • Centralized New Account Setup • Forms Pre-fill • Automated Principal Approval • Account Mgmt. and Maintenance • Aggregated Client Reporting • Mining Book of Business • Account Maintenance • Portfolio Reporting • Broker Supervision • Compliance Surveillance • Regulatory Support (e.g. 17a-3 tools) • Aggregated Revenue Reporting • Complex Compensation Structures • Automation of Direct Commissions • On Demand / Ad hoc Query Tools • Custom Reports on Aggregated Data • Data Extracts and Exports in Various Formats DATA WAREHOUSE Other e.g. proprietary systems Insurance & Annuities DTCC Alternative Investments DST RIA& Third-Party Money Managers Various Clearing Firm Various Mutual Fund Direct NSCC

5. Current State • Disparate solutions and processes by type of business • Inefficiency, expense and errors in the front, middle and back office • Substantial (although hidden) costs for direct business • Rapidly expanding product selection • Rapidly expanding functional needs • Advisor facing • Home office • Compliance

6. Current State Prospecting Paperwork On to the home office Opening the new account HOME OFFICE Compliance supervision Review and approval Accounting

7. Current State: Front Office • Disparate systems and processes • High NIGO rates • Poor customer experience • Delayed processing of new business • Tedious, manual paper work • Challenges integrating with wealth management and financial planning tools

8. Current State: Home Office • Disparate systems and processes • Inadequate information to properly approve new business • Excessive photocopying and overnight delivery expenses • Double or triple entry • Challenges meeting compliance and regulatory requirements • Little or no reporting capabilities • No centralized books-and-records

9. Unified Account Opening and Data Management • Addresses front, middle, and back-office needs • Improves Advisor and Investor experience • Allows you to keep pace with critical compliance and regulatory requirements

10. Straight-Through-Processing CRM I&W • Select Platform • Clearing • Direct • Advisory Broker Dealer Portal Intelligent UIComplete online application (Rules-based display and edit checks) • Print / I&W • Pre-fill forms • B/D Acct form • Clearing Acct Form • Fund forms (Forms Library) • With I&W Indexing • Client Signature • Wet signature • E-signature Data Pro Opens on Clearing Platform Brokerage Q-Suite Review & Approve Principal and/or back office within I&W workflows and hierarchies Scan Leverage I&W Index Coding Direct ComplianceQ AdvisorQ • Create BnR Record • Mail Check& App EarningsQ ReportQ Opens with DST API (2012)

11. Account Q Benefits Summary • Unify workflow and processes across all business channels • Expect to reduce the cost of direct business by 50% or more • Enhance Advisor productivity and Investor experience • Yield comprehensive, usable data • Position to support compliance and regulatory needs – now and in the future

12. Thank you for your time! David Fetter, CEO 303-675-1001 dfetter@fetterlogic.com www.quadrondata.com