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US - Brokers, Asset Managers, & Exchanges Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY Affiliated Mgrs. AMG AMG US Michael Carrier, CFA AllianceBernstein AB ABUS Michael Carrier, CFA BlackRock, Inc. BLK BLK US Michael Carrier, CFA Charles Schwab Corp. SCHW SCHW US Michael Carrier, CFA CME Group CME CME US Michael Carrier, CFA Cohen & Steers CNS CNS US Michael Carrier, CFA Goldman Sachs GS GS US Michael Carrier, CFA Houlihan Lokey HLI HLIUS Michael Carrier, CFA IntercontinentalExchange ICE ICEUS Michael Carrier, CFA Invesco IVZ IVZ US Michael Carrier, CFA KKR & Co. KKR KKRUS Michael Carrier, CFA Legg Mason LM LM US Michael Carrier, CFA Morgan Stanley MS MS US Michael Carrier, CFA Oaktree Capital Group OAK OAK US Michael Carrier, CFA Old Mutual Asset Management OMAM OMAM US Michael Carrier, CFA TD Ameritrade AMTD AMTD US Michael Carrier, CFA NEUTRAL Apollo Global Management APO APO US Michael Carrier, CFA Ares Management ARES ARES US Michael Carrier, CFA E*TRADE Financial ETFC ETFC US Michael Carrier, CFA Franklin Resources BEN BEN US Michael Carrier, CFA Janus Capital JNS JNS US Michael Carrier, CFA Nasdaq Inc NDAQ NDAQ US Michael Carrier, CFA Och-Ziff OZM OZM US Michael Carrier, CFA T. Rowe Price TROW TROW US Michael Carrier, CFA The Blackstone Group BX BX US Michael Carrier, CFA The Carlyle Group CG CGUS Michael Carrier, CFA WisdomTree WETF WETF US Michael Carrier, CFA UNDERPERFORM Artisan Partners APAM APAM US Michael Carrier, CFA CBOE Holdings CBOE CBOE US Michael Carrier, CFA Eaton Vance EV EVUS Michael Carrier, CFA Federated Inv. Fil FIL US Michael Carrier, CFA Virtus Investment Partners VRTS VRTS US Michael Carrier, CFA Waddell & Reed WDR WDR US Michael Carrier, CFA RSTR Bats Global Markets, Inc. BATS BATS US Michael Carrier, CFA 76 2016 Future of Financials Conference | 17 November 2016 Bankof America <2 Merrill Lynch HOUSE_OVERSIGHT_014390