THE CLIENT STATES SHE ASKED THE FINANCIAL ADVISOR IF HER GROWTH FUND OF AMERICA WOULD HAVE TO BE SOLD AS IT HAD DONE SO WELL IN THE PAST. THE CLIENT STATES NO EXACT ANSWER WAS GIVEN AND SHE THOUGHT THE FINANCIAL ADVISOR WOULD CONSIDER HER BEST INTEREST. THE CLIENT CLAIMS HER GROWTH FUND OF AMERICA HAD THOUSANDS OF DOLLARS OF CAPITAL GAINS AND SINCE IT WAS SOLD , SHE WILL HAVE A LARGE TAX LIABILITY IN 2012. THE CLIENT ASKS IF THIS WOULD HAVE BEEN CONSIDERED BEFORE SELLING. THE CLIENT BELIEVES HER MONTHLY SOCIAL SECURITY INCOME OF $874 WILL ALSO NOW BE TAXED. THE CLIENT DOES NOT REQUEST A SPECIFIC RESOLUTION, HOWEVER, ASKS IF HER INTEREST WAS ADDRESSED.

$5,000.00

DURING A PHONE CONVERSATION WITH THE CLIENT ON MAY 24, 2012, THE CLIENT STATED THAT SHE WAS NOT SEEKING RETRIBUTION; HOWEVER, SHE WANTED US TO KNOW OF HER CONCERN WITH THE POTENTIAL TAX LIABILITY RESULTING FROM THE LIQUIDATION OF HER GROWTH FUND OF AMERICA WHEN GOING INTO ADVISORY SOLUTIONS. OUR RESEARCH HAS INDICATED THAT THE CLIENT WAS PROVIDED WITH INFORMATION REGARDING THE POTENTIAL TAX LIABILITY. OUR REVIEW HAS REVEALED THAT THE CLIENT AND HER SON MET WITH THE FINANCIAL ADVISOR TO DISCUSS THE ADVISORY SOLUTIONS PROGRAM ON FEBRUARY 9, 2012. AT THAT TIME THE FINANCIAL ADVISOR STATED THAT TAXES WERE DISCUSSED IN AS MUCH AS LETTING THE CLIENT KNOW THAT THERE WOULD BE A TAX LIABILITY. THE SPECIFIC DOLLAR AMOUNT WAS NOT OFFERED AS EDWARD JONES DOES NOT PROVIDE TAX ADVICE . IT IS RECOMMENDED THAT THIS TYPE OF INFORMATION SHOULD ALWAYS BE DISCUSSED WITH CLIENTS' TAX PROFESSIONAL PRIOR TO ANY TRANSACTION. IT WAS RECOMMENDED THAT THE CLIENT CONSULT WITH HER TAX PROFESSIONAL REGARDING THE TAX LIABILITY AND THE FINANCIAL ADVISOR'S ASSISTANCE WAS OFFERED SHOULD THE CLIENT HAVE QUESTIONS REGARDING HER ACCOUNT .