First Allied Securities

Mr. Gregg joined First Allied Securities, Inc. as CEO and President in 2007. He brings a wealth of leadership, sales, and marketing experience from his career in the financial services industry, which spans across more than two decades. Prior to First Allied, Mr. Gregg was Executive Vice President and Chief Sales Officer for Dunham & Associates Investment Counsel, Inc. Before his time with Dunham, he was a member of the Wachovia Securities Senior Leadership Board, and served as Senior Vice President and National Sales Manager for Wachovia Securities Financial Network. At RunMoney Corporation, Mr. Gregg served as Executive Vice President and Chief Sales and Marketing Officer. He also was President of RunMoney Financial, LLC, and National Sales Manager of GE Financial Assurance and Prudential Investments. Mr. Gregg is a well-known and respected figure in the broker/dealer and financial services communities, and a nationally recognized expert of value-added wholesaling. Currently, he is Chairman of the Wealth Advisor Institute (WAI), and was Chairman of the Membership Committee for the Investment Management Consulting Association (IMCA) for several years. He also is the author of Do Well by Doing Good: The Complete Guide to Charitable Remainder Trusts (Precept Press 1996). He holds FINRA Series 7, 24, 63, and 65 registrations, and is a graduate of the Securities Industry Institute at University of Pennsylvania’s Wharton Business School. Mr. Gregg also served in the United States Marine Corps and received the distinguished Presidential Service Award from President Ronald Reagan while serving aboard Marine One.

Mr. Krameisen is responsible for overseeing information technology for all of First Allied Securities, Inc. He has significant experience in delivering state-of-the-art technology solutions for financial services and insurance information technology organizations. Prior to joining the firm, he was at MetLife, where he was Vice President of Individual Business Information Technology. He was responsible for leading large-scale project implementations, supporting major operation systems, and creating point-of-sale solutions for the various distribution channels. Mr. Krameisen spent the first 15 years of his career helping build Nathan & Lewis Securities, a distinguished independent broker/dealer, as their CIO. He is also a graduate of Oswego State University.

As the Vice President and Chief Compliance Officer at First Allied Donna B. Lawson oversees the broker/dealer compliance program and registration responsibilities for the firm. Ms. Lawson has more than 18 years of experience in the securities industry, with 14 of those in compliance-related positions. She began her career in 1987 holding positions in the due diligence and operations areas of independent broker/dealer firms. Ms. Lawson joined First Allied in December 1994 and has been the firm's Chief Compliance Officer since 1996, where she works closely with the Supervision and Legal departments. Ms. Lawson is a current member of the New York Stock Exchange Continuing Education Content Committee. She has served on the FINRA District 2 Committee and was the Chair of the Financial Planning Association's 1999 Compliance Advisory Council. She has a Bachelor of Science degree in Business Management and holds the following securities licenses: Series 7, 24, 63, 53, 65 and 4.

Robert Milburn serves as First Allied's Chief Financial Officer with responsibility for the company's corporate accounting and financial reporting. Prior to joining First Allied in 2005, Mr. Milburn was the Treasury Manager of Wachovia Securities and the Financial Services Manager for First Clearing Corp. During that period, Mr. Milburn helped merge six broker/dealers into the fourth largest broker/dealer in the United States. Mr. Milburn is a 19-year veteran of the securities industry. He began his career as an Examiner for the state of Virginia in 1987 developing the state's investment advisor review program and coordinating exams with the regional SEC office. After leaving the State Corporation Commission, Mr. Milburn worked with several firms in Richmond and New York. He has served as Regulatory Manager and Regional Controller for Wheat, First Securities and Caspian Securities, respectively. In addition, he worked for an institutional broker/dealer subsidiary of JP Morgan Chase and ING Securities handling regulatory filings. Mr. Milburn is a graduate of Virginia Commonwealth University where he was awarded degrees in Accounting and Management. He is a licensed CPA and holds series 27, 24, 7, and 63 securities licenses. Bob is the father of three children, and enjoys boating and golf.

Robert J. Moses is General Counsel and Senior Vice President for First Allied, and General Counsel for the Independent Brokerage Group at the parent AEFC level. Mr. Moses has been with the company since it was founded in 1994. During the time First Allied was owned by Wells Fargo & Company, he served as a member of the Wells Fargo Law Department and as General Counsel to Wells Fargo's Financial Consultant Advisory Group, with responsibility for that division's independent contractor brokerage and advisory firms and it's clearing business. Before joining First Allied, Mr. Moses was Associate General Counsel with NYSE member firm Josephthal & Co., Inc. He has in excess of 15 years of experience in the financial services industry. Mr. Moses received his Bachelor of Science in Business Marketing from Long Island University and earned his law degree from Benjamin N. Cardozo School of Law. He is a member of the bar in California, Connecticut, and New York. Mr. Moses is a member of the Securities Industry and Financial Markets Association - Legal and Compliance Division. He is FINRA licensed: Series 7 - General Securities Representative and Series 24 - General Securities Principal.

As Chief Operating Officer at First Allied Securities, Inc., Ms. O’Neal is responsible for strategically planning and implementing a superior service experience for our independent business owners. She uses an approach of effectively balancing people, process and technology to deliver this level of service within the operations and trading areas. Ms. O’Neal began her career with First Allied at its inception in 1994 and has also served as Vice President of Operations. Ms. O’Neal simultaneously served as President of Western Securities Clearing Corp. and Tradewell Discount Investing, LLC, two former broker/dealers affiliated with First Allied. Ms. O'Neal began her career in the industry in 1987 at the Bremerton, Washington branch office of Dain Bosworth, Inc. (now RBC Dain Rauscher) where she held various positions in operations, trading and administration. In 1991, she joined Ragen MacKenzie (now a division of Wells Fargo) to assist in the opening of their new branch office in Tacoma, Washington. In 1992, when her husband was transferred by the U.S. Navy to San Diego, California, she joined First Affiliated Securities where she worked with many of the current First Allied management team members. Ms. O’Neal did her undergraduate work in business/political science at the University of Central Florida and holds the following securities licenses: Series 7, 63, 24, and 4.

Vere Reynolds-Hale is Senior Vice President of the Financial Services Group at First Allied. His responsibility is to create a product sales- and marketing-focused department that ultimately drives company revenue. Mr. Reynolds-Hale manages First Allied’s Partners Program and continuously seeks to increase its value to business owners, sponsors and the company. He also develops new and existing fee-based products, and educates business owners on products and services. Most recently, Mr. Reynolds-Hale served as the Executive Vice President of Product Marketing and Development at Summit Brokerage Services in Boca Raton, Florida. He was responsible for building relationships with sponsors and for developing product marketing efforts for Summit’s financial advisors. Prior to joining Summit in 2007, he served as Vice President of Sponsor Relations at LPL Financial Services where he was responsible for the strategic planning, financial management and successful execution of LPL’s sponsor relations program. He also led sales and marketing efforts of mutual funds, retirement plans, and the investment product sales desk. Mr. Reynolds-Hale studied political science at the University of South Carolina, and marketing management at Emeritus College in South Africa. He is currently studying to obtain his B.S. in Management from Pepperdine University. He holds Series 6 and 7 licenses, and has served on the board of directors for the Forum for Investor Advice.

Scott Umstead joined First Allied Securities, Inc. in 2008 as National Sales Manager. He is responsible for overseeing the National Sales Team, as well as the Transitions and Recruiting departments. Prior to First Allied, Mr. Umstead was President and CEO of Sweetwater Asset Management, LLC, a registered investment advisory firm. During this leadership tenure, he identified a niche opportunity to acquire an asset management firm and subsequently grew it sixteen-fold in just over two years. Mr. Umstead also served as President of the Eastern Division and Executive Vice President of the Private Client Group at Wachovia Securities, LLC, which merged with Prudential Securities in 2003. He was responsible for leadership and supervision of the company’s six Eastern domestic regions and the Latin American region. Together, the regions comprised more than 400 branch offices, 4,400 financial advisors, and $1.5 billion in revenue. Mr. Umstead has had outstanding recruiting success throughout his career, personally bringing in Prudential Securities’ largest retail recruit. He was also instrumental in moving the firm from the depths of major losses to profitability within two years. He currently holds NASD Series 6, 7, 8, 63 and 65 licenses, as well as a license in life and health insurance.

Mr. Young is the Vice President of the Supervision Department. He oversees the regional supervision program, implementation of the internal surveillance process, and performs the review and approval of new registered applicants joining the company. Mr. Young began working for the firm in 1997 as a member of the Equity and Fixed Income Trading departments. He soon began working for the Compliance Department as a compliance analyst and audit examiner, utilizing his principal licenses. He performed branch office compliance audits, reviewed trade activity through exception reports, and conversed with clients and financial advisors about account activity and sales practice issues. Mr. Young served as First Allied's Senior Registered Options Principal, performing suitability and trade activity reviews and client option account approvals. During his transition to becoming First Allied's first Regional Supervisor, he assisted with the formation of the Supervision Department and the transition of responsibilities from the Compliance Department. Prior to joining the firm, Mr. Young was an independent financial advisor with First Wall Street Securities, a branch manager with RAS Securities, and a financial advisor with Robert Baird and Dickinson & Co. He has a B.A. degree from the University of Iowa and currently holds the Series 4, 7, 24, 53, 55, 63, 65, 87 securities licenses.