Chevy Chase Securities, Inc., d.b.a. Chevy Chase Financial Services ("CCFS"), under certain circumstances, receives monetary contributions from mutual fund and variable insurance companies ("Company"). These contributions are made out of each Company’s own resources, and represent a marketing allowance, which may sometimes be referred to as "revenue sharing."
Such payments are subject to applicable state law and regulations, as well as the FINRA rules of conduct. CCFS maintains a list of acceptable uses for these funds, which includes seminars, professional training, advertising, technology, employee and client appreciation events, compliance education and resources, and other generalized promotional events.
These funds have not and will not be used to promote the sale of any single product, specific vendor products, and/or particular category of product(s). Please refer to each Company’s prospectus for additional disclosure regarding each Company’s distribution of such marketing payments.