Disclaimer

David L. Schamerhorn and S. Todd Harris are Registered Representatives of and offers securities products & services through Royal Alliance Associates, Inc., Member NASD/ SIPC, a registered broker-dealer.  In this regard, this communication is strictly intended for individuals residing in the states of Alabama, Arkansas, Arizona, California, Georgia, Louisianna, Mississippi, Missouri, New Jersey, New York, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Washington and West Virginia.  No offers may be made or accepted from any resident outside the specific state(s) referenced.

David L. Schamerhorn; Advisory Services offered through Royal Alliance Associates, Inc., a Registered Investment Advisor.

IMPORTANT CONSUMER INFORMATION:

A broker-dealer "BD", investment advisor "IA", a BD agent, or IA Representative may only transact business in a state if first registered in that state, or is excluded or exempt from registration in that state as a broker-dealer, investment advisor, BD agent of IA Representative, as appropriate.  Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion.

For information concerning the licensing status or disciplinary history of a broker-dealer, investment advisor, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.