Securities Investor Protection Corporation ("SIPC") Disclosure

Securities in accounts held at Hilltop Securities are protected in accordance with the SIPC up to $500,000 per customer, including a maximum of $250,000 for cash claims. For more information, please visit SIPC website at www.SIPC.org or by telephone at 202-371-8300. Hilltop Securities has also acquired “Excess SIPC” insurance from a third party insurer to protect client accounts up to their net equity for loss of securities and cash held at Hilltop Securities. This “Excess SIPC” protection is in addition to the protection provided by the SIPC, and is subject to certain conditions and limitations, details of which are available upon request.