Important Consumer Information

1. A Broker/Dealer, Investment Advisor, Broker/Dealer Agent or Investment Advisor Representative may only transact business in a consumer's state of residence after being licensed by the state, or if they are excluded or exempted from the state's licensing requirements. 
2. A Broker/Dealer, Investment Advisor, Broker/Dealer Agent or Investment Advisor Representative may only provide follow-up, individualized responses to consumers in a particular state that involve either effecting of or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, after complying first with the state's Broker/Dealer, Investment Advisor, Broker/Dealer Agent or Investment Advisor Representative requirements, or pursuant to an applicable state exemption or exclusion.
3. For information concerning the license status or disciplinary history of a Broker/Dealer, Investment Advisor, Broker/Dealer Agent or Investment Advisor Representative, a consumer should contact his or her state securities law administrator.

Goelzer Investment Management is a member of NASD and SIPC