CAPITAL GUARDIAN TRUST CO

The Capital Guardian Trust Company is a private investment management company that operates as a subsidiary of Capital Group International. The company was established in 1968 and is currently based out of Los Angeles. Capital Guardian Trust Company has a strategic partnership with Pershing, which is part of the Bank of New York Mellon Corporation, a leader in global clearing services and the largest custodian based on their list of broker dealer customers. The company focuses on liberating and empowering investors and advisors through providing “infrastructure, technology, advice and support to free-thinking professionals as they build effective, client-focused investment practices.” Capital Guardian Trust’s core values are focusing on clients, believing in integrity and responsibility being among its greatest assets; utilizing expertise, promoting financial advisors to fully take advantage of their experience and expertise; providing and open platform, making its practices dynamic and responsive; diversified, seeking investment opportunities responsibly; and offering unsurpassed tools, emphasizing the development of new tools and technologies. The company’s open platform allows its clients to have the flexibility of choosing from “more than 600 mutual fund companies, 500 separately managed accounts and a long list of fixed and variable annuities.” The Capital Guardian Trust Company currently has over $73 billion in total assets under management spread across over 3,800 accounts, with all but three of these accounts being discretionary accounts. Capital Guardian Trust’s total number of accounts has been steadily rising in recent years, increasing from 3,100 in 2010 to its current amount, but its total assets under management has declined in the recent half a decade, with its lowest point in 2012, decreasing from $77.5 billion to its current amount. The majority of its clients are high net worth individuals, which alone makes up over half its client base, and also includes corporations, charities, state or municipal government entities, and others to a lesser degree.