Important Disclosure Information

JNBA Financial Advisors, Inc. (JNBA”) is an SEC registered investment adviser located in Bloomington, Minnesota.  JNBA may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.  JNBA’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links.  Accordingly, the publication of JNBA’s web site on the Internet should not be construed by any consumer and/or prospective client as JNBA’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.  Any subsequent, direct communication by JNBA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of JNBA, please contact the SEC or the state securities regulators for those states in which JNBA maintains a notice filing.  A copy of JNBA’s current written disclosure statement discussing JNBA’s business operations, services, and fees is available from JNBA upon written request.  Hyperlinks on this Website are provided as a convenience. JNBA does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the Website or incorporated herein, and takes no responsibility for the same. All such information is provided solely for convenience, educational, and informational purposes only, and all Users are guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by JNBA), will be profitable or equal any historical performance level(s).

Certain portions of JNBA’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, JNBA (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date.  Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s).  Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from JNBA, or from any other investment professional.  JNBA is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

To the extent that any client or prospective client utilizes any economic calculator or similar interactive device contained within or linked to JNBA’s web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from JNBA, or from any other investment professional.

Each client and prospective client agrees, as a condition precedent to his/her/its access to JNBA’s web site, to release and hold harmless JNBA, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from JNBA.

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by JNBA Financial Advisors, Inc.), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors, Inc.  To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. JNBA Financial Advisors, Inc. is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the JNBA Financial Advisors, Inc.’s current written disclosure statement discussing our advisory services and fees is available for review upon request. Please Note: JNBA Financial Advisors, Inc. does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to JNBA Financial Advisors, Inc.’s web site or incorporated herein, and takes no responsibility therefore.  All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please Note: LimitationsNeither rankings and/or recognition by unaffiliated rating services, publications, or other organizations, nor the achievement of any designation or certification, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if JNBA Financial Advisors, Inc. is engaged, or continues to be engaged, to provide investment advisory services Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers. No ranking or recognition should be construed as a current or past endorsement of JNBA Financial Advisors, Inc. by any of its clients.  ANY QUESTIONS: JNBA Financial Advisors, Inc.’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including providing the criteria used for any reflected ranking.

  1. Barron’s Magazine – “America’s Top 100 Independent Wealth Advisors,” (2018); Barron’s “America’s Top 100 Independent Wealth Advisors” (August 20, 2018; September 14, 2018); Barron’s “America’s Top 100 Independent Financial Advisors.”

Source: Barron’s “America’s Top 100 Independent Wealth Advisors” (August 20, 2018; September 14, 2018); Barron’s “America’s Top 100 Independent Financial Advisors” (September 15, 2017); and Barron’s “America’s Top 1,200 Financial Advisors” (March 4, 2017)

Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. Barron’s “America’s Top 100 Independent Wealth Advisors,” Barron’s “America’s Top 100 Independent Financial Advisors,” and “America’s Top 1,200 Financial Advisors”  base their rankings upon data provided by individual advisers and their firms, including submissions by JNBA. Barron’s confirms that data via regulatory databases, crosschecks with securities firms and conversations with individual advisers.  JNBA is not an affiliate of Barron’s. JNBA applied for consideration, and the result was independently granted

Advisors who wish to be ranked fill out a 102-question survey about their practice. Barron’s then verifies that data with the advisors’ firms and with regulatory databases and then applies our rankings formula to the data to generate a ranking. The formula Barron’s uses to rank advisers is proprietary. It has three major components: assets managed, revenue produced and quality of practice. Investment returns are not a component of the rankings because an adviser’s returns are dictated largely by the risk tolerance of clients. In addition, Barron’s also considers a wide range of qualitative factors, including the advisors’ experience, their advanced degrees and industry designations, the size and shape of their teams, their charitable and philanthropic work and, of course, their compliance records. JNBA is unaware, nor has Barron’s published the number of nominees considered for the award ranking

With respect to the Barron’s “America’s Top 100 Independent Wealth Advisors,” JNBA Chairman and Chief Executive Officer, Richard Brown, received the ranking in 2018.

Barron’s does not require membership or payment in order for award participants and/or applicants to be considered for an award designation. Moreover, neither JNBA nor any other participating advisers paid a fee to be eligible for the “America’s Top 100 Independent Wealth Advisors.” Barron’s does not publish, nor is JNBA aware of the percentage of other advisers that received the applicable rankings.

Notwithstanding the foregoing, Barron’s-ranked advisors may pay Barron’s a separate fee for special advertising to publish a Barron’s-ranked advisor’s contact information including applicable phone numbers, email addresses, and website addresses. This publication option is offered on an annual basis and is limited to Barron’s-ranked advisors for that respective year. It should be noted that this type of payment creates an inherent conflict of interest because it provides the awarding entity with a monetary incentive to grant such ranking, recognition, or designation to participating Advisors that submit such forms of consideration. After receiving the respective award designations, JNBA did not pay Barron’s a separate fee to Barron’s in exchange for Barron’s publication of this information.

JNBA is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the ranking. By virtue of disclosing this ranking, JNBA is disclosing favorable ratings (to the extent that JNBA is ranked above other advisors) and unfavorable ratings (to the extent that JNBA is ranked below other advisors).  The rankings may not be representative of any one client’s experience because of the way in which it is calculated. The rankings are independently granted. Inclusion on the Barron’s Lists is absolutely not indicative of JNBA’s future performance, or any future performance pertaining to its clients’ investments; should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if JNBA is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of JNBA by any of its clients.

A copy of JNBA’s current written disclosure statement discussing its advisory services and fees remains available upon request.

Additional information about the methodology for each respective award is available at the following link: https://www.barrons.com/articles/barrons-top-advisors-methodology-1534541819.

The 2018 Barron’s “America’s Top 100 Independent Wealth Advisors” ranking list is available at the following link: https://www.barrons.com/articles/top-independent-financial-advisors-1536974606.

The 2017 Barron’s “America’s Top 100 Independent Financial Advisors” ranking list itself is available at the following link: http://www.barrons.com/report/top-financial-advisors/independent/2017.

The 2017 Barron’s “America’s Top 1,200 Financial Advisors” ranking list itself is available at the following link: http://www.barrons.com/report/top-financial-advisors/1000/minnesota/2017.

  1. Finance & Commerce- Top Women in Finance (2018, 2017, 2016, 2011, 2009)

Source: Finance & Commerce- Top Women in Finance (November 17, 2017; August 31, 2018)

Finance & Commerce is a Minnesota daily business newspaper and online resource, reporting on all areas of Minnesota commerce with a special emphasis on financial services, real estate and technology.

Participants may be self-nominated or nominated by their peers. Finance & Commerce will evaluate nominees based on the business accomplishments, leadership skills, mentoring efforts and community involvement. JNBA is not affiliated with Finance & Commerce. JNBA applied for consideration, and the result was independently granted.

Finance & Commerce does not require membership or payment in order for award participants and/or applicants to be considered for an award. Moreover, neither JNBA nor any other recipient paid a fee to be eligible for the “Top Women in Finance Circle of Excellence Award.” Finance & Commerce does not publish, nor is JNBA aware of, the number of participants that applied to be on Finance & Commerce for the years upon which it appeared. Award recipients may pay a fee to advertise their receipt of the award. JNBA did not make any payments to Finance & Commerce or to a third-party to advertise its receipt of the award. Finance & Commerce does not disclose the number of nominees evaluated. Forty (40) women received the award in 2017 and forty-five (45) women received the award in 2018.

Award recipients of the “Top Women in Finance” are awarded the “Top Women in Finance Circle of Excellence Award” if the honoree has been recognized as a “Top Women in Finance” twice. Recipients are then admitted into Finance & Commerce’s Top Women Hall of Fame if they receive the award a third time. JNBA’s Director of Client Services, Cärin Viertel, received the “Top Women in Finance Award” in 2016. JNBA’s Chief Compliance Officer, Kim Brown, received the award in 2009, was awarded the Top Women of Finance Circle of Excellence Award in 2011, and was awarded the Top Women in Finance award in 2018. Ms. Brown’s receipt of this third award also placed Ms. Brown in the Top Women in Finance Hall of Fame.

The ranking is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments. This ranking should not be construed as a guarantee that a client will experience a certain level of results or satisfaction if JNBA is engaged, nor should it be construed as a current or past endorsement by any of its clients.

Additional information about the Finance & Commerce- Top Women in Finance is and the 2018 ranking list is available at the following link: https://finance-commerce.com/top-women-in-finance.

The 2017 ranking list is available at the following link: https://finance-commerce.com/top-women-in-finance-past-honorees-2/.

  1. Better Business Bureau International Torch Award for Ethics Finalist (2016)/ Minnesota and North Dakota Better Business Bureau’s (“MNDBBB”) Torch Award for Ethics Winner (2015)

Source: Better Business Bureau Torch Award for Ethics-Previous Award Recipients (September 08, 2016)

The Council of Better Business Bureaus is the umbrella organization for Better Business Bureau’s (“BBB”) local and independent offices located in the United States, Canada and Mexico, as well as home to its national and international programs on dispute resolution, advertising review, and industry self-regulation. BBB is a non-profit organization that provides national and local consumer services online and in-person.

The International Torch Award for Ethics (“International Torch Award”) honors companies that demonstrate best practices, leadership, social responsibility and high standards of organizational ethics that benefit their customers, employees, suppliers, shareholders and communities. The International Torch Awards are brought to you by the Better Business Bureau Institute for Marketplace Trust.

The International Torch Award is open to all for-profit businesses in North America that provide goods or services to retail and/or wholesale markets. Non-profit organizations or businesses whose primary markets are local, state or federal governments are not eligible for this award. To enter the International Torch Award for Ethics, a business must first be a winner of their local BBB award program.  BBBs in Canada and the United States conduct local competitions, forwarding winning entries for consideration in the International Torch Award competition. If a local BBB does not have a business award program, businesses in that BBB’s service area are deemed ineligible to enter the International Torch Award program.

Participants are then evaluated based on six (6) criteria each containing a list of suggested content for the participants to address in their submission. Although the award does not require applicants to address all of the suggested content under each of the six criteria, applicants must address at least two of content items listed under each criteria. The six criteria are:   (1) leadership commitment to ethical practices; (2) communication of ethical practice; (3) leadership practices to unify the organization; (4) organizational commitment to performance management practices; (5) organizational commitment to ethical human resource practices; organizational commitment to the community.

A company is not eligible for the International Torch Award if any of the following conditions apply:

  • They have not won an award from their local BBB business award program;
  • They have been in business less than three years;
  • They have earned less than a “B” rating from BBB;
  • There are indications they have not met their financial obligations; or
  • They have been the recipient of the International Torch Award in the past three years.

JNBA was recognized as an International Torch Award finalist in 2016.

The Minnesota and North Dakota Better Business Bureau’s (“MNDBBB”) serves as a local office to the BBB and organizes the regional MNDBBB Torch Award. JNBA was recognized as a MNDBBB Torch Award winner in 2015.

In order to be considered for the MNDBBB Torch Award, a company must be nominated. Following the nomination, each nominee is requested to complete a formal entry that asks each potential candidate to demonstrate its commitment to ethics by addressing the BBB’s six principles of TRUST: (1) Transformation at the Top; (2) Reinforce and Build; (3) Unite the Team; (4) Steer Performance; (5) Treasure People; and (6) Enthusiastically Reinvest. After a company is nominated, they are asked to complete a formal entryThe entry guidelines ask each company to demonstrate their commitment to ethics by addressing certain principles. Nominees are reviewed by a panel of volunteer judges independent of BBB and its Board of directors.

The MNDBBB Torch Award is granted to companies divided among four (4) separate categories based on company size as determined by a respective company’s number of employees. The four categories for consideration are as follows: (i) Category I: Companies with 1-10 employees; (ii) Category II: Companies with 11-50 employees; Category III: Companies with 51-175 employees; (iv) Category IV: Companies with over 175 employees. A company is ineligible to receive the award if any of the following conditions apply: (i) the company has been in business for less than three (3) years; (ii) the company has earned less than a “B” rating from BBB;(iii) there are indications that the company has have not met its financial obligations; or (iv) the company has been the recipient of the MNDBBB Torch Award in the past three (3) years.

JNBA is unaware of how many nominees are considered to receive the award. Neither JNBA nor its employees paid a fee to MNDBBB to be considered for the Torch Award. MNDBBB does not require BBB Accreditation (membership) or payment in order for award applicants to be considered for an award. However, nominees must be in good standing with BBB. JNBA applied for consideration, and the result was independently granted. JNBA is not affiliated with MNDBBB.

Although the BBB’s Torch Award for Ethics results include the information or opinions of a participating business’ single client in the form of a nominating letter, such information should not be construed as an endorsement of JNBA, nor guarantee that a client will experience certain level of results or satisfaction. Receipt of the International Torch Award should not be construed as a guarantee that a client will experience a certain level of results or satisfaction if JNBA is engaged, nor should it be construed as a current or past endorsement by any of its clients. The receipt of the International Torch Award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the methodology behind the MNDBBB Torch Award for Ethics is available at: https://www.bbb.org/globalassets/local-bbbs/minneapolis-mn-147/media/documents/torch-awards-entry-packet-2017_web.pdf.

The ranking list for the 2015 MNDBBB Torch Award for Ethics recipients is available at the following link: https://www.bbb.org/minnesota/torch-awards-for-ethics/ta-recipients/.

Additional information about the methodology behind the International Torch Award for Ethics is available at:

https://www.bbb.org/council/international-torch-awards/how-to-apply/award-criteria/.

The ranking list for the 2016 International Torch Award for Ethics recipients is available at the following link: https://www.bbb.org/minnesota/news-events/news-releases/2016/09/metro-firm-wins-bbb-international-torch-award-for-ethics/.

  1. Financial Times- 300 Top Financial Advisers (2018, 2016,2015,2014)

Source: Financial Times (June 26, 2014; June 18, 2015; June 16, 2016; June 28, 2018)

“FT” and “Financial Times” are trademarks of The Financial Times Ltd. (“FT”). The Financial Times 300 Top Registered Investment Advisers is an annually produced independent listing (“The FT 300”). The FT 300 is presented as “an elite group,” not a competitive ranking of one to 300. JNBA was published on The FT 300 in 2014, 2015, 2016, and 2018.

The results are not based upon information or opinions of participating Registered Investment Advisers’ (“RIA”) clients. Therefore, inclusion on The FT 300 is not representative of any participating RIA’s clients’ experiences. Neither the participating RIAs nor their employees pay a fee to The Financial Times in exchange for inclusion in The FT 300.

The FT 300 is based on data gathered from RIAs, regulatory disclosures, The FT’s research, and/or research conducted on The FT’s behalf by “Ignites Distribution Research,” a Financial Times sister publication. The FT invited RIAs reporting $300 million or more in client assets under management to complete an application, which is analyzed along with data available from regulatory filings. The FT indicates that the methodology used to evaluate inclusion on The FT 300 is quantifiable, objective, and the participating RIAs have no subjective input in the analysis. FT is not affiliated with JNBA. JNBA applied for consideration, and the result was independently granted.

JNBA was published on the FT 300 in 2018, 2016, 2015, and 2014. The Financial Times does not publish, nor is JNBA aware of, the number of RIAs that complete an application to be on The FT 300 for the years upon which it appeared. The formula used to evaluate participating RIAs for the list is based on six factors and calculates a numeric score for each participating RIA. Areas of consideration include: assets under management, asset growth, RIA age, industry certifications of key employees, SEC compliance record, and online accessibility. By considering the “SEC compliance record,” eligibility to appear on The FT 300, the FT seeks to ensure that a participating RIA has an established and significant history and record free from regulatory sanctions. The FT caps the number of companies from any one state. The cap is roughly based on the distribution of millionaires across the US.

Inclusion on The FT 300 is not indicative of JNBA’s future performance, or any future performance pertaining to its clients’ investments; should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if JNBA is engaged, or continues to be engaged to provide investment advisory services; and should not be construed as a current or past endorsement of JNBA by any of its clients.

More information about The FT 300 and the 2014 ranking list is available here: http://www.money-media.com/images/email/FT_300/FT300-Top-RIAs-2014.pdf.

More information about The FT 300 and the 2015 ranking list is available here: https://aboutus.ft.com/en-gb/announcements/financial-times-reveals-the-top-300-independent-registered-investment-adviser-firms-of-2015/.

More information about The FT 300 and the 2016 ranking list is available here: https://www.ft.com/content/37bd6974-31b9-11e6-ad39-3fee5ffe5b5b.

More information about The FT 300 and the 2018 ranking list is available here: https://www.ft.com/content/37bd6974-31b9-11e6-ad39-3fee5ffe5b5b.

  1. Forbes – America’s Top Wealth Advisors, 2018

Source: Forbes (August 31, 2018)

“Forbes” is a registered mark of Forbes LLC. Data for the Forbes “Top Wealth Advisors” developed by “SHOOK Research.” Candidate firms qualify based on both quantitative and qualitative criteria that includes in-person interviews, industry experience, community involvement, client retention data, and revenue trends. JNBA is not an affiliate of Forbes. Forbes does not endorse JNBA or any of its representatives. Each advisor considered for the award was nominated by their respective firm, then vetted and ranked by SHOOK Research. JNBA applied for consideration, and the result was independently granted.

The Forbes ranking of “America’s Top Wealth Advisors,” developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven (7) years’ experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.

Neither Forbes nor SHOOK receive a fee or require membership in exchange for rankings. Accordingly, neither JNBA nor any other participating advisors paid a fee to be eligible for the “Best-in-State Top Wealth Advisors” ranking. JNBA is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the ranking. By virtue of disclosing this ranking, JNBA is disclosing favorable ratings (to the extent that JNBA is ranked above other advisors) and unfavorable ratings (to the extent that JNBA is ranked below other advisors).

In developing its applicant pool, SHOOK implements thresholds to limit nominations for consideration. As of August 2018, Forbes and SHOOK received 25,732 nominations (based on SHOOK thresholds), invited 9,596 candidates to complete the online survey, conducted 7,174 telephone interviews, and conducted 1,503  in-person interviews at the Advisor’s location. Forbes recognized 250 wealth advisors during the year that Richard Brown received the award.

The ranking may not be representative of any one client’s experience because of the way in which it is calculated. The ranking is independently granted. The ranking is absolutely not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments. This ranking or any other rankings and/or recognition by unaffiliated rating services and/or publications should not be construed as a guarantee that a client will experience a certain level of results or satisfaction if JNBA is engaged, nor should it be construed as a current or past endorsement by any of its clients.

Additional information about the methodology behind the Forbes Top Wealth Advisors ranking is available at the following links: https://www.forbes.com/sites/rjshook/2018/09/12/americas-top-wealth-advisors-2018/#434b9968189d.

The 2018 ranking list itself is available at the following link: https://www.forbes.com/top-wealth-advisors/#58658c931a14.

  1. Twin Cities MetroIBA- Finalist for Inaugural Twin Cities Indie Business Award (2016)

Source: MetroIBA (2017 Online Invitation; June 11, 2016 Newsletter); Minnesota Business (March/April 2018)

MetroIBA is a local non-profit organization that represents about 400 locally owned, independent businesses in the Twin Cities of Minneapolis, Minnesota. JNBA is not affiliated with MetroIBA. MetroIBA does not endorse JNBA or any of its representatives. JNBA was recognized as a Finalist under the Founder category for the Twin Cities Indie Business Award in 2016. JNBA is unaware of how many nominees were considered to receive the award.  Nominees for consideration are not required to be a member of the MetroIBA nor is JNBA a member of the Metro IBA.

To be considered for the award, the business (i) must have a primary place of business in the seven-county Twin Cities Metro area; (ii) must be locally owned with at least 51% of employees residing within a 75-mile radius of the Minnesota State Capital Building; (iii) must be able to operate independently without the approval of owners or affiliates outside of the Twin Cities Metropolitan area; and (iv) the business cannot be a publically traded company. The awards are offered to four business and one citizen. Each category evaluates the participant based on certain criterion respective to that category such as whether the business has (i) a long-term and consistent impact on the community; (ii) demonstrates a commitment to positively influencing the community through local sourcing and sustainable practices; (iii) is a non-profit organization that demonstrates a positive community impact; or (iv) is a new company that is developing into the forefront of the independent business community. As for the fifth award, the MetroIBA evaluates whether a particular citizen has demonstrated a level of advocacy for local business in a way that inspires others.

MetroIBA does not require payment in order for award participants to be considered for the award. JNBA applied for consideration, and the result was independently granted. MetroIBA does not publish, nor is MetroIBA aware of the number of participants that applied to be on “Twin Cities Indie Business Award” for the year upon which it appeared. Moreover, neither JNBA nor any other participating advisers paid a fee to be eligible for the “Twin Cities Indie Business Award.”

The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the MetroIBA Twin Cities Indie Business Award is available at the following link: http://minnesotabusiness.com/twin-cities-indie-business-awards.The ranking list is available at the following links: https://www.buylocaltwincities.com/indie-awards/; https://www.buylocaltwincities.com/news/2016-indie-business-awards-gala/.

  1. FIVE STAR Wealth Management Team (2017,2016,2015,2013,2012)

Source: Five Star Wealth Managers Special Advertising Section (2017, 2016, 2015, 2013, 2012)

The “Five Star Wealth Manager” award is administered by Crescendo Business Services, LLC’s dba Five Star Professional (“Five Star”). JNBA is not affiliated with Five Star. Five Star does not endorse JNBA or any of its representatives. JNBA received the Five Star Wealth Manager award in 2017, 2016, 2015, 2013, and 2012. JNBA applied for consideration, and the result was independently granted.

Candidates must satisfy ten (10) objective Eligibility Criteria and Evaluation Criteria associated with work. Factors taken into account include assets under management and client retention rate. Candidates also undergo a thorough regulatory and complaint review.

With respect to the award’s Eligibility Criteria, the nominee must: 1. be credentialed as a registered investment adviser or a registered investment adviser representative; 2. be actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. possess a favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager: (a) has not been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; (b) does not have more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process; (c) does not have any unfavorable feedback that may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; (d) has not individually contributed to a financial settlement of a customer complaint; (e) has not filed for personal bankruptcy within the past 11 years; (f) has not been terminated from a financial services firm within the past 11 years; (g) has not been convicted of a felony); 4. fulfilled their firm review based on internal standards; 5. accepting new clients.

With respect to the award’s Evaluation Criteria, Five Star considers: 1. one-year client retention rate; 2. five-year client retention rate; 3. non-institutional discretionary and/or non-discretionary client assets administered; 4. the number of client households the nominee served; and 5. educational and professional designations.

The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional.

After receiving the respective award, JNBA paid a separate fee to Five Star in exchange for publication of this information. While JNBA paid this fee after receiving the designation, and not as a condition precedent to receiving the award, the fact that JNBA paid any fee with respect to its receipt of the designation should be considered whether such designation is a factor in a client or prospective client’s evaluation of whether to initially to engage or continue to engage JNBA for investment advisory services. This type of payment creates a conflict of interest because it provides the awarding entity with a monetary incentive to grant such ranking, recognition, or designation to participants that submit forms of consideration. To mitigate that conflict of interest we remind current and prospective clients that these ratings, rankings, and designations should not be construed as an endorsement of JNBA by any client, and that they are no guarantee of future investment success.

Five Star does not require membership or payment in order for award participants and/or applicants to be considered for an award. The number of Twin Cities wealth managers that applied and were named a Five Star Wealth Manager award for the years upon which it appeared are as follows: 2017: 2,304 Twin Cities wealth managers were considered for the award, 836 (approximately 37% of candidates) were named 2017 Five Star Wealth Managers  winners; 2016: 2,083 Twin Cities wealth managers were considered for the award; 854 (approximately 41 percent of candidates) were named 2016 Five Star Wealth Managers; 2015: 2,673 Twin Cities wealth managers were considered, 825 (31 percent of candidates) were named 2015 Five Star Wealth Managers; 2013: 2,151 wealth managers were considered, 863 (approximately 40 percent of the award candidates) were named 2013 Five Star Wealth Managers; 2012: 1,256 Twin Cities wealth managers were considered for the award, 631 (approximately 50 percent of candidates) were named 2012 Five Star Wealth Managers.

The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.Additional information about the Five Star Wealth Manager award and corresponding ranking lists are available at the following links:

2017 additional information and ranking list: http://ww2.fivestarprofessional.com/fiveStarAssets/pdfs/sections/MSPWM_2017Section_Final_LoRes.pdf.

2016 additional information and ranking list:

http://ww2.fivestarprofessional.com/fiveStarAssets/pdfs/sections/MSPWM_2016Section_LoRes.pdf.

2015 additional information and ranking list: http://ww2.fivestarprofessional.com/fiveStarAssets/pdfs/sections/MSPWM_2015Section_LoRes.pdf.

2013 additional information and ranking list:

http://ww2.fivestarprofessional.com/fiveStarAssets/pdfs/sections/MSPWM13_MagSection.pdf.

2012 additional information and ranking list:

http://ww2.fivestarprofessional.com/fiveStarAssets/pdfs/sections/MSPWM12_MagSection.pdf.

  1. Twin Cities Business- Minnesota Small Business Success Stories (2014,2011)

Source: Twin Cities Business Small Business Success Stories (January 1, 2015)

Twin Cities Business is a Minnesota news provider that reports on business news, insights, and analyses through daily online news stories, e-newsletters, a monthly print magazine and live events. JNBA is not affiliated with Twin Cities Business. Twin Cities Business does not endorse JNBA or any of its representatives.

Twin Cities Business seeks to feature success stories of businesses with an annual revenue of $5 million to $20 million.  Each nomination process consists of a three (3) month period where nominations are solicited and submitted through the Minnesota Business web portal. Once nominations close, the award candidates are collected and distributed to an internal review team. The internal review team is responsible for narrowing down the nominations in each category to the top five candidates. These top five candidates are then submitted to an external judging panel, which consists of industry experts across all professional platforms. Judges rank their top three in each category. Based on these rankings, Twin Cities Business calculates the scores and selects one winner and two finalists. Finalists are notified by email from Twin Cities Business’ Editor in Chief and winners are announced at the awards gala.

Twin Cities Business honors ten companies each January. JNBA was recognized for the award in 2014 and 2011. JNBA applied for consideration, and the result was independently granted.

Twin Cities Business does not require membership or payment for consideration. Twin Cities Business does not publish, nor is JNBA aware of the number of participants that applied to be on Minnesota Small Business Success Stories for the years where it appeared.

The award may not be representative of any one client’s experience. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the Twin Cities Business’ “Minnesota Small Business Success Stories” is available at the following link: http://tcbmag.com/opinion/editor-s-note/columns/best-in-business,-beyond-print.

The 2014 ranking list is available at the following link: http://tcbmag.com/honors/articles/2015/small-business-success-stories-2014/small-business-success-stories-2014-finalists.

  1. Twin Cities Business’ Minnesota Family Business Award Finalist (2014,2011,2009)

Source: Twin Cities Business (November 1, 2014; November 1, 2011)

Twin Cities Business is a Minnesota news provider that reports on business news, insights, and analyses through daily online news stories, e-newsletters, a monthly print magazine and live events. JNBA is not affiliated with Twin Cities Business. Twin Cities Business does not endorse JNBA or any of its representatives.

Twin Cities Business honors five family-owned businesses based on the value they add to Minnesota’s economy and quality of life. Twin Cities Business evaluates whether these businesses have strong records of success, family involvement, community service and philanthropy, multigenerational culture and effective family business structure.  Twin Cities Business honors five companies each November. JNBA was recognized as an award finalist in 2014, 2011, and 2009. JNBA applied for consideration, and the result was independently granted.

Twin Cities Business does not require membership or payment in order for applicants to be considered for an award. Twin Cities Business does not publish, nor is JNBA aware of the number of participants that applied for the “Minnesota Family Business Award” for the years upon which it appeared.

The award may not be representative of any one client’s experience because of the way in which it is calculated. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the Twin Cities Business’ “Minnesota Family Business Award” is available at the following links: http://tcbmag.com/opinion/editor-s-note/columns/best-in-business,-beyond-print; http://tcbmag.com/honors/minnesota-family-business-awards; http://tcbmag.com/events/nomination-pages/minnesota-family-business-awards-nomination-form 

The Twin Cities Business’ “Family Business Awards” 2014 ranking list is available at the following link:  http://tcbmag.com/honors/articles/2014/2014-minnesota-family-business-awards/2014-family-business-award-finalists.

The Twin Cities Business’ “Family Business Awards” 2011 ranking list is available at the following link:

http://tcbmag.com/honors/articles/2011/2011-minnesota-family-business-awards/family-business-awards-finalists.

  1. Minnesota Business Magazine- Community Impact Award, Mentoring (2014)

Source: Minnesota Business Magazine (March 21, 2014)

The Minnesota Business Magazine covers small and midsize companies throughout the state, revealing the successes, challenges, and lessons to be drawn from their experiences. JNBA is not affiliated with the Minnesota Business Magazine. The Minnesota Business Magazine does not endorse JNBA or any of its representatives.

The Community Impact Award seeks to recognize Minnesotan companies that make a difference in the local Minnesota community. The Minnesota Business Magazine evaluates nominees among thirteen (13) categories, including but not limited to: corporate size, creativity, leadership, philanthropic missions, pro bono agendas, social entrepreneurialism, youth initiatives, and mentorship opportunity. In 2014, the Minnesota Business Magazine honored forty (40) companies. JNBA was recognized for the “Community Impact Mentoring Award” in 2014. JNBA applied for consideration, and the result was independently granted.

The Minnesota Business Magazine does not require membership or payment to be considered for an award. Minnesota Business Magazine does not publish, nor is JNBA aware of the number of participants that applied to be on “Community Impact Mentoring Award” for the year upon which it appeared.

The award may not be representative of any one client’s experience because of the way in which it is calculated. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the Minnesota Business Magazine’ “Community Impact Mentoring Award” is available at the following link: http://minnesotabusiness.com/2014-community-impact-awards.

The Minnesota Business Magazine’s “Community Impact Mentoring Award” 2014 ranking list is available at the following link: http://minnesotabusiness.com/2014-community-impact-awards-minnesota-business-magazine-nominations.

  1. NABCAP Premier Advisors (2013,2012)

Source: NABCAP.org

NABCAP is a nonprofit organization whose primary mission is to educate and inform investors with “reliable, unaffiliated, unbiased and completely objective educational resources and information.” NABCAP contracts with Rank Premier Advisors (“RPA”) to administer its evaluation process.

Nominees are evaluated among twenty (20) categories of practice management. Some of these categories include mass affluent or high net worth practice; team dynamics- who comprises the team; years of experience; credentials/designations; minimum investable assets to become a new client; planning philosophy; investment philosophy; risk philosophy; typical percentage of alternative investment ownership; fee/cost structure; customer service model; and U4/ADV status. JNBA is not affiliated with NABCAP. NABCAP does not endorse JNBA or any of its representatives.

JNBA was recognized for the award in 2013 and 2012. JNBA applied for consideration, and the result was independently granted.

NABCAP does not require membership or payment in order for applicants to be considered. NABCAP does not publish, nor is JNBA aware of the number of participants that applied to be a “Premier Advisor” for the years upon which it appeared.

The award is not representative of any one client’s experience because of the way in which it is calculated. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the NABCAP’s “Premier Advisor” is available at the following link: http://www.nabcap.org/fap-rankingProcess.cfm

  1. Financial Planning 2013 Influencer Award, New Generation

Source: Financial Planning “Influencer Award” (October 11, 2013)

Financial Planning provides analysis and insight to independent advisors as it relates to investment advisors making informed decisions about their business and the clients they serve. JNBA is not affiliated with Financial Planning. Financial Planning does not endorse JNBA or any of its representatives.

Financial Planning evaluated individual advisor candidates on their respective contributions to the financial planning profession, from developing innovative portfolio and practice-management solutions to providing thought leadership for the advisory community. Awards were given to recipients among the following six (6) categories: (i) Industry Contributor Award; (ii) Practice Management Award; (iii) Tech Innovator Award; (iv) Portfolio Innovator Award; (v) New Generation Award; and (vi) Lifetime Achievement Award. In particular, the New Generation Award evaluates candidates on whether the candidate has advanced the industry’s training of the next generation of planners. In 2013, Financial Planning selected seven (7) nominees to receive each of the six awards.  In 2013, JNBA was recognized for the New Generation Award. JNBA applied for consideration, and the result was independently granted.

Financial Planning does not publish, nor is JNBA aware of the number of participants that applied to receive the “Influencer Award” for the year upon which it appeared. Financial Planning does not require membership or payment in order for applicants to be considered for an award.

The award may not be representative of any one client’s experience because of the way in which it is calculated. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the Financial Planning’s “Influencer Award” is available at the following link: https://www.financial-planning.com/news/nominate-candidates-for-i-fp-i-influencer-awards.

The Financial Planning’s “Influencer Award” 2013 ranking list is available at the following link: https://www.financial-planning.com/slideshow/influencers-of-financial-advice.

  1. WealthManagement.com (formerly known as REP Magazine) – Advisors with Heart Awards (2013)

Source:  WealthManagement.com’s (formerly known as REP Magazine) “Advisors with Heart Awards, May 2013; WealthManagement.com “Advisors with Heart Awards” (May 5, 2015)

WealthManagement.com provides information, editorial insight, and analysis tailored toward financial advisor and wealth professional client activities, management practices and gathering of assets. WealthManagement.com also provides marketing services and multi-media channels to promote and communicate product, brand, and career opportunities to financial advisors and wealth professionals. JNBA is not affiliated with WealthManagement.com. WealthManagement.com does not endorse JNBA or any of its representatives.

The Advisors with Heart Award is for candidates who exemplify certain standards of professionalism and are active in charitable giving and mentoring. WealthManagement.com editors, board members and writers review and select the winners for the award.

To be eligible for consideration, applicants must have had (i) a minimum of three years in the industry; (ii) a clean ethical record; (iii) not a previous award winner.  Participants may be self-nominated or nominated by their peers for consideration. Participants were evaluated based on their level and depth of commitment to altruistic activities outside of their advisory practice.

Nominations required a short essay explaining the nominee’s merits. The length of this essay was about a page in length and provided anecdotes and information regarding the advisor’s strongest qualities and commitment to philanthropic activities. WealthManagement.com conducted a background check of all nominees, contacted any references submitted along with the nominee’s application, and spoke with the nominee. Although nominees may demonstrate success in the operation of their practice, that is not the basis for the award. There were no calculations performed in connection with the evaluation process. Award recipients were profiled on WealthManagement.com and in the print edition of WealthManagement.com The Magazine (formerly known as REP Magazine).

JNBA was recognized for the award in 2013. JNBA applied for consideration, and the result was independently granted. That same year, WealthManagement.com designated the award to 10 participants.  WealthManagement.com does not publish, nor is JNBA aware of the number of participants that applied.

WealthManagement.com does not require membership or payment in order for applicants to be considered for an award.

The award may not be representative of any one client’s experience because of the way in which it was selected. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about WealthManagement.com’s “Advisors with Heart Awards” is available at the following link: http://www.wealthmanagement.com/annual-advisors-heart-awards-2015.

  1. Minneapolis/St. Paul Business Journal – Women in Business, Women to Watch Honoree, Kim Brown (2012)

Source: Minneapolis/St. Paul Business Journal “Women in Business Awards” (April 13, 2012)

The Minneapolis/St. Paul Business Journal is an online and print media news outlet that provides the latest daily news updates across 17 industries, dozens of popular topics from around the nation and the latest networking and marketing alerts. JNBA is not affiliated with the Minneapolis/St. Paul Business Journal. The Minneapolis/St. Paul Business Journal does not endorse JNBA or any of its representatives.

To be considered for the award, the Minneapolis/St. Paul Business Journal evaluates the professional achievements and broader community involvement of nominated industry-leading executives, entrepreneurs and business owners. Honorees are selected between two main categories: (i) Industry Leaders and (ii) Women to Watch. In addition to these two categories, the Minneapolis/St. Paul Business Journal selects one nominee to be recognized for a third category, the Career Achievement Award. To be eligible for the award, the nominee must work in the 24-county Twin Cities metro area. Participants may be self-nominated or nominated by their peers.

JNBA’s Chief Compliance Officer, Kim Brown, was recognized for the award in 2012 under the “Women to Watch” category. The Minneapolis/St. Paul Business Journal does not publish, nor is JNBA aware of, the number of participants that applied to be on “Women in Business Awards” for the year upon which it appeared. In 2012, fifty-one (51) participants received an award among the three categories. Ms. Brown applied for consideration, and the result was independently granted.

The Minneapolis/St. Paul Business Journal does not require membership or payment in order for award participants and/or applicants to be considered for an award.

The award may not be representative of any one client’s experience. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the Minneapolis/St. Paul Business Journal’ “Women in Business Awards” is available at the following link: https://www.bizjournals.com/twincities/nomination/83357/2018/2018-women-in-business-awards.

The Minneapolis/St. Paul Business Journal’ “Women in Business Awards” 2012 ranking list is available at the following link:  https://www.bizjournals.com/twincities/event/60961/2012/women-in-business-awards.

  1. InvestmentNews, Invest in Others Charitable Foundation Community Leadership Award, Richard Brown (2011)

Source: Investment News, Invest in Others Present Adviser Leadership Awards (September 18, 2011)

InvestmentNews and Invest in Others sponsor the Invest in Others Awards.  The Community Leadership Awards was renamed the Invest in Others Awards in 2017. InvestmentNews is a multi-media news outlet that provides news, analysis, and information directed towards the financial advisory community through its publication of a weekly newspaper, website, newsletters, research, events, videos, and webcasts. InvestmentNews partners with the Invest in Others Charitable Foundation to select the “Community Leadership Award”. Established in 2006, the Invest in Others Charitable Foundation is a charity founded with the mission of encouraging and supporting the philanthropic and volunteer activities of financial advisors in their local communities. JNBA is not affiliated with InvestmentNews or Invest in Others. Neither InvestmentNews nor Invest in Others endorse JNBA or any of its representatives.

Invest in Others evaluates the nominees, selects, and presents the award to the honorees and finalists on behalf of InvestmentNews. Currently, nominations are evaluated based on an advisor’s leadership, dedication, contribution, inspiration, and impact on a non-profit and the community it serves. Awards are presented in the following five categories: Community Service, Global Community Impact, Mentoring Excellence, Volunteer Team and Volunteer of the Year. Award finalists and winners receive donations from Invest in Others to their designated charities. In the year that JNBA received the award, each finalist received $5,000. In addition, firms may apply for the Corporate Philanthropy Award in one of two categories: Advisory Firms or Financial Institutions.

To be eligible for consideration of the award, nominees may be self-nominated or nominated by their peers. Nominees must be currently working as financial planners (e.g., CFP®), registered representatives (e.g., Series 7), or registered investment advisors. Nominees must be active financial advisors, defined by spending at least 75% of the time providing financial consultation with clients. Volunteer involvement with the non-profit organization must be current and ongoing for at least 3 years. Only qualified U.S.-based non-profit organizations and educational institutions with tax-exempt status granted under the Internal Revenue Code Section 501(c)(3) are eligible to receive award donations.

After a nomination is submitted, it is reviewed to ensure the advisor and the non-profit meet our eligibility criteria.

Advisors who have previously received a financial award (finalists and winners) can be nominated after seven years from the award date. There is no limit to the number of times a participant advisor may be nominated if they have not previously been selected as an award finalist or winner. Participants may be self-nominated or nominated by their peers.

In 2011, InvestmentNews recognized five (5) category honorees, fifteen (15) individual finalists, and six (6) company finalists in connection to the award. JNBA’s Chairman and Chief Executive Officer, Richard Brown, was recognized as a Finalist in 2011. He applied for consideration, and the result was independently granted.

InvestmentNews and Invest in Others does not require membership or payment in order for award participants and/or applicants to be considered for an award. InvestmentNews and Invest in Others does not publish, nor is JNBA aware of the number of participants that applied for an “Invest in Others Award” for the year upon which it appeared.

The award may not be representative of any one client’s experience. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the InvestmentNews and Invest in Others’ “Invest in Others Awards” is available at the following links:  https://www.investinothers.org/nominate/.

The InvestmentNews and Invest in Others’ “Invest in Others Awards” 2011 ranking list is available at the following links: http://www.investmentnews.com/gallery/20110911/FREE/911009999/PH/2011-community-leadership-awards-finalists&Params=Itemnr=14; http://www.investmentnews.com/article/20110918/REG/309189983/investmentnews-invest-in-others-present-adviser-leadership-awards; https://www.investinothers.org/invest-others-charitable-foundation-investmentnews-honor-financial-advisors-community-service-fifth-annual-community-leadership-awards/.

  1. Finance & Commerce- Minnesotans on the Move, Richard Brown (2011)

Source: Finance & Commerce (February 7, 2011)

Finance & Commerce is a Minnesota daily business newspaper and online resource, reporting on all areas of Minnesota commerce with a special emphasis on financial services, real estate and technology. JNBA is not affiliated with Finance & Commerce. Finance & Commerce does not endorse JNBA or any of its representatives.

Finance & Commerce issues annual awards to Minnesotans poised to make business news in the coming years or who have made news and are expected to make more news in new roles. In 2011, Finance & Commerce recognized forty (40) participants. JNBA’s Chairman and Chief Executive Officer, Richard Brown, was recognized for the award in 2011. He applied for consideration, and the result was independently granted.

Finance & Commerce does not require membership or payment in order for applicants to be considered. Finance & Commerce does not publish, nor is JNBA aware of the number of participants that were under consideration for the “Minnesotans on the Move” award.

The award may not be representative of any one client’s experience. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

The Finance & Commerce’ “Minnesotans on the Move” awards 2011 ranking list is available at the following link:  https://finance-commerce.com/2011/02/fc-announces-2011-minnesotans-on-the-move-award-winners/.

  1. Minnesota Business Ethics Award Finalist (2010)

Source: Minnesota Business Ethics Award (MBEA): Past Recipients (2017)

The MBEA was co-founded in 1999 by the Society of Financial Service Professionals – Twin Cities Chapter and the Center for Ethical Business Cultures (CEBC) – now known as the Center for Ethical Organizations (CEO) – at the University of St. Thomas Opus College of Business. The Financial Executives International (FEI) – Twin Cities Chapter also sponsors the MBEA.

The Business Ethics Award recognizes Minnesota businesses that exemplify and promote ethical conduct in the workplace, the marketplace and the community and has been awarded to fifty-two (52) Minnesota-based businesses, ranging in size from less than ten (10) employees to more than 150,000.  Each year, nominees are sought from a variety of sources including customers, clients, employees and vendors who were moved to do so based on the trust, respect or ethical conduct these organizations demonstrated. Accordingly, the MBEA evaluates nominees based on the following criterion: (i) what you say you stand for; (ii) how you do what you say you stand for; and (iii) how well you do what you say you stand for.

Recipients are selected among three categories based on the employment size: (i) small company category (under 100 employees); (ii) mid-sized company category (100 to 500 employees); (iii) large company category (more than 500 employees). In 2010 and 2011, three participants received the award in each respective category. JNBA was recognized as a finalist for the small company category.

JNBA is not affiliated with the MBEA, the Society of Financial Service Professionals – Twin Cities Chapter or the CEBC. MBEA does not endorse JNBA or any of its representatives.

Judging for the award is conducted by preliminary and final panels of ethics experts drawn from business and academia. JNBA was a nominee in 2011 and a finalist in 2010.  JNBA submitted information and the award was independently granted.

Previous recipients of the award are not eligible to receive the award again for five years from the year the award was received. As the award is designed to recognize Minnesota businesses, nominated companies that conduct business on a national and/or international level are requested to focus their submission information on their Minnesota operations.

The MBEA does not require membership or payment in order for applicants to be considered for an award. MBEA does not publish, nor is JNBA aware of the number of participants that were nominated or applied for the Business Ethics Award.

The award may not be representative of any one client’s experience. The award is not indicative of JNBA’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments.

Additional information about the “MBEA” is available at the following links: http://mnethicsaward.org/; http://mnethicsaward.org/wp-content/uploads/2010/12/MBEA-Judging-Criteria-Submission-Entry-Form-2018V2.pdf.

The “MBEA” award list for past recipients is available at the following link: http://mnethicsaward.org/past-recipients/.