General Disclosures

Kovack International Wealth Management, Inc. (KIWM) is a FINRA/SIPC member and a Registered broker/dealer with the US Securities and Exchange Commission. Registered Representatives (Your Advisor) is a FINRA Registered Representative under KIWM. Securities are offered through KIWM and cleared through Pershing LLC via a tri party agreement with Kovack Securities, Inc. Investment Advisory services are offered through Kovack International Advisors, Inc. an SEC registered investment advisor. Both, KIWM and KIA will be referred to as "KIWM" unless otherwise noted. KIWM and KIA are affiliated companies under common control. KIWM's Home office is located at 6451 N. Federal Highway, Ft. Lauderdale FL 33308. The International Office for KIWM is located on 1111 Brickell Avenue, Suite 1850, Miami Florida 33310.

Your advisor may operate under a business name, when this happens please note that this entity or business name is not an affiliated entity to KIWM.

There are instances where your Advisor will send you market letters, research reports or other information regarding the market, trading strategies, economic data etc. Unless otherwise noted on the document, the information provided does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information is obtained from sources considered reliable, but we do not guarantee that the material is accurate or complete. Expressions of opinion are as of the date of issuance of the material and are subject to change without notice. This information is not intended as a solicitation of an offer to buy or sell any security referred herein. Past performance may not be indicative of future result.

Please note that KIWM nor any of our advisors provide legal or tax advice. Please see related disclosure regarding IRS Circular 230 below.

KIWM is a US based business as such the official language for all of its documents and communications are in English. There may be instances where translations are available, however, in the case of translation the English version will prevail. If a clients requests a translation of an document or communication to a language other than English, KIWM will make a best effort in making such translation. Such translation will not be an official translation, but, a simple translation. If you require an official translation we may be able to provide this service at an additional cost.

The KIWM web site is limited to the dissemination of general information pertaining to its services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of KIWM's web site on the Internet should not be construed by any consumer and/or prospective client as a solicitation to effect, or attempt to effect transactions in securities, or the r endering of personalized investment advice for compensation, over the Internet. For information pertaining to the registration of KIWM and/or KIA please go to the SEC's investment adviser public informatio n website - www.adviserinfo.sec.gov or FINRA BrokerCheck at www.brokercheck.com.

This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice Please note that investment products, such as stock, bonds and mutual funds are not bank deposits or banking products, they may loose value, they are not guaranteed by any banking institution or the FDIC

Disclosures Relating to Electronic Communication

Please do not submit any order to buy or sell via e-mail as they will not be executed, please contact your Advisor in order to place a securities order. KIWM or your Advisor will not be responsible or liable for any potential financial impact for not acting or receiving the order. Email messages are intended for the sole use of the addressee(s) and may contain confidential information. If you receive an email where you are not the intended recipient or otherwise authorized to view such information, you are hereby notified that viewing such information, as well as any disclosure, copying, distribution or use of any of the information contained in or attached therein is strictly prohibited. If you receive and email in error, please reply to the sender and delete the original message.

Under Federal Securities Laws, we retain and may in an obligation to reproduce any email for federal, state, or other regulatory agencies as required by applicable law. Please note that general email communication or transmissions cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late, incomplete, or contain viruses. If your communication contains sensitive information (including but not limited to Social Security number, driver's license number, state issued identification card number, financial account number, credit or debit card number), it is recommended that you provide it via secured/encrypted mail.

IRS Circular 230 disclosure: Any tax advice contained in any communication (including any attachments or enclosures) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication. (The foregoing disclaimer has been affixed pursuant to U.S. Treasury regulations governing tax practitioners.)