When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the recommendations and investment advice we provide to you. Here are some examples to help you understand what this means.

Third-Party Payments: When we sell you products, we receive commissions and other payments from product issuers (such as mutual fund and insurance companies) as well as from other third parties, such as our clearing firm. We also receive ongoing payments, such as 12b-1 fees, from these third parties. These payments create an incentive for us to sell you their products and to maintain our relationships with them. Since the amount of compensation we receive varies across both product issuers as well as the different types of products and accounts we offer, there is an incentive for us to recommend the products and accounts that pay us more.
Revenue Sharing: Many product issuers, investment managers, and other third parties, such as our clearing firm, share some of the revenue they earn on your account assets with us, including payments in connection with the cash sweep options. These payments create an incentive for us to offer and recommend their products and services and to encourage you to invest in them. We do not share this revenue with our financial professionals.
Proprietary Products: We offer products issued, managed, administered, or distributed by Massachusetts Mutual Life Insurance Company (MassMutual®) and its affiliates. Offering these products is a conflict for us because our affiliates receive compensation when you purchase them.
Transaction-Based Compensation: Because we get paid each time you trade in your account or make a new investment, we have an incentive to encourage you to trade often and make additional investments.
Principal Trading: When you buy and sell fixed income securities, we sometimes trade with you as principal. This means we buy these securities from you or sell them to you. When we do this, we earn a markup or markdown on the transaction, subject to the limitations outlined in our Commission Schedule.
Trust Services: MMPWT pays us a part of the fee it receives from you.

MML INVESTORS SERVICES

south jordan, UT

Edward Williams Ricker II

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