Vahick Aram Yedgarian

Mr. Yedgarian engages in compensated academic teaching and related administrative activities for several universities, all of which are conducted online. He has engaged in academic teaching since September 2009 and devotes approximately 10 to 12 hours per month to these activities. Teaching occurs outside RFG’s normal business hours, generally in the late afternoon and evening. Academic administrative meetings during normal business hours occur approximately once or twice per quarter and last approximately one hour each. On average, he devotes no more than one hour per month to these activities during securities trading hours. These activities do not involve securities, investment recommendations, or transaction based compensation. Mr. Yedgarian also holds a California real estate broker license. He does not provide real estate brokerage services, participate in real estate transactions, or provide real estate advice to RFG advisory clients. He receives no compensation from the license and devotes no business hours to it.