This document provides a general overview of the Business Continuity Plan ("BCP") for Wunderlich Securities, Inc ("Wunderlich"). A BCP is a program designed to help ensure that we can continue to do business even if we experience an unplanned business interruption such as a loss of utility service, a building evacuation, or a catastrophic event.

Wunderlich's BCP addresses the action that we will take in the event that a significant business disruption ("SBD") affects a single building, a business district, a citywide area, or an entire region. We have different planned recovery times depending on the severity of the SBD. In the event of a branch outage, the telephones to the branch office experiencing the SBD will be re-routed to the main office or another branch office facility with the ability to service the needs of the clients within a few hours. In the event of a short term SBD at the main office, the telephones would be re-routed to a branch office location within several hours. In the case of a major business disruption at the main office, the firm has a plan to relocate the mission-critical employees and systems to an alternate location, which would result in a disruption of between several hours to several days.

In regards to client assets, all of our accounts are carried by our clearing firm, First Clearing, LLC ("First Clearing") and we have received and reviewed First Clearing's BCP. We are committed to providing continued service to out clients and to that end; First Clearing will establish a contact number for our clients in the event they are unable to contact Wunderlich. In the case of an SBD affecting First Clearing, our clients may experience additional delays. To review First Clearing's plan please visit www.firstclearing.com.

Additionally, the firm conducts an institutional fixed income business for which all transactions are done on a DVP/RVP basis through Daiwa Securities America, Inc. The firm has received and reviewed Daiwa's BCP. Daiwa will establish a contact number for our clients in the event they are unable to contact Wunderlich. In the case of an SBD affecting Daiwa, our clients may experience additional delays. To review the Daiwa plan please visit their website at www.daiwausa.com.

Wunderlich's BCP is subject to annual review and update. In addition, the firm's regulators will periodically review the BCP for compliance. As our BCP is materially updated, you will be notified through our Web site at www.wunderlichsecurities.com. You may also contact us to request a copy of our most recent BCP by calling 1-800-726-0557.

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