About Loring Ward: Officers and Directors

Officers and Directors

Officers

Robert P. Herrmann, President and Chief Executive Officer
Mr. Herrmann is responsible for developing and monitoring the company's strategy in respect of all business channels. Mr. Herrmann is also President of Loring Ward's Advisor Services division which serves independent investment advisors. Mr. Herrmann has 20 years of financial services industry experience, including having served as Managing Director of the Business Development Group at Wachovia Securities, Senior Vice President and Director of Wealth Management at Prudential Securities, and a variety of roles at Merrill Lynch's U.S. and International Private Client Groups including financial advisor, managing principal, and regional director. He attended Columbia University, is an inaugural recipient of the Investment Management Consultants Association's Wealth Management Certification, and holds the FINRA Series 3, 7, 8, 24, 63, and 65 securities licenses.

Robert J. Badolato, Chief Financial Officer
Mr. Badolato is also the Chief Financial Officer, Chief Accounting Officer and Treasurer for the SA Funds Investment Trust, an investment company complex.

Mr. Badolato has 20 years of public company finance and accounting experience including substantial financial services industry experience. Mr. Badolato has served in senior finance roles at TD Waterhouse Group, Honeywell, First Data Corporation and March & McLennan and served 10 years in public accounting, primarily with the New York Office of Ernst & Young. He attended Long Island University and is a Certified Public Accountant.

Steven K. McGinnis, Chief Compliance Officer, SA Funds – Investment Trust
Chief Regulatory Officer; LWI Financial, Inc., Loring Ward Securities, Inc.
Mr. McGinnis is the Chief Regulatory Officer of Loring Ward Securities, Inc. based in San Jose, California. He also serves as the Chief Compliance Officer for the SA Funds – Investment Trust, an investment company complex and as Chief Regulatory Officer for LWI Financial, Inc., the Funds’ investment adviser.

Previously, Mr. McGinnis has served as a consultant and expert witness for investment advisers, broker-dealers and law firms on matters involving federal, state and self-regulatory securities compliance requirements. He has also served as the Chief Legal Officer and Chief Regulatory Officer for National Planning Holdings, Santa Monica, CA, a holding company for the US-based affiliated broker-dealers and investment advisers of Prudential plc, London, United Kingdom.

He served as General Counsel and Chief Executive Officer of a broker-dealer and investment adviser in Irvine, California, which merged into the Pacific Life Securities Division, and was an attorney for the Securities and Exchange Commission in both Regulation and Enforcement.

Participation in industry related activities has been important in Mr. McGinnis’ life. He has formerly served as: Chair on the FINRA’s National Advisory Council; Chairman of District 2 (Los Angeles) Business Committee; and was a member of its national committees for Direct Participation Program Securities and Arbitration and Mediation. Currently he is a member of the Examination Review Committee for the Series 22 and 39 licenses for the FINRA and West Coast Series 6 Committee for the NYSE. He has also served for three years as President of the National Association of Independent Broker-Dealers and for seven years a member of its Board.

Mr. McGinnis is an attorney, admitted to the bars of California, Texas and Kansas, the Fifth and Tenth Circuit Courts of Appeal and the US Supreme Court and has practiced law with firms in California and Kansas. He also has his General Securities (Series 7), State Law (Series 63) and General Securities Principal (Series 24) licenses.

Nicole P. Newlin, Chief Operating Officer
Nicole Newlin has served the Chief Operating Officer for Loring Ward Group Inc. and its affiliates since 2007. She is also President of Loring Ward Securities Inc. Prior to joining the Loring Ward, Ms. Newlin was a First Vice President with Wachovia Securities. She has a B.A. in Political Science and Classical Studies from Randolph-Macon College and a Masters of Teaching from Virginia Commonwealth University. She holds the FINRA Series 24, 7, 63 securities licenses.

Directors

David Rattee
Chairman of the Board
Chair, Corporate Governance and Nominating Committee
Member, Audit Committee
Member, Compensation Committee
Mr. Rattee is Chairman of the Board of Loring Ward, Chairman, President and Chief Executive Officer of CIGL Holdings Ltd., and President and Chief Executive Officer of MICC Investments Ltd. Mr. Rattee also serves as a director on the boards of Bank of New York Trust Co. of Canada, Hollinger Inc., Northstar Aerospace Inc., Old Republic Insurance Company of Canada, Open Access Ltd. and Reliable Life Insurance Company. Mr. Rattee is a graduate of the BCom program and earned a Chartered Accountant designation by the C.A. Institute. He received an MBA from the University of Western Ontario.

William J. McNally
Chair, Audit Committee
Member, Compensation Committee
Mr. McNally has been a Director of Loring Ward since October, 2003. Presently, he is President of Woodmount Capital Corporation, an investment capital company he established in 1997. In addition, he is a director of Excel-Tech, Ltd. (XLTEK), an Ontario company that went public in April, 2006. Mr. McNally is a trustee of the Lawrence Hall Youth Services Organization and a member of the Chicago Council on Global Affairs and the Chicago Economics Club. He is on the Advisory Committee of the De Paul University School of Business and Commerce. Mr. McNally has a B.Sc. from De Paul University and an MBA from the Harvard Graduate School of Business. He also has an MA (Economics) from De Paul University. After undergraduate school, Mr. McNally obtained his CPA designation. Mr. McNally is the former President and Chief Executive Officer of QUNO Corporation, a public Canadian paper & forest products company spun off from Tribune Company in 1993. From 1984 to 1990 he was Chief Operating Officer. This TSE 300 company was sold in 1996 and eventually amalgamated into Abitibi-Consolidated.

Keith Mitchell
Member, Audit Committee
Mr. Mitchell is a principal and founder of Mitchell Advisers, LLC and serves as strategic adviser to executives of asset management organizations that are seeking to achieve their corporate objectives through acquisitions, mergers or divestitures. Prior to founding Mitchell Advisers, Mr. Mitchell was a Managing Director with Putnam Lovell NBF in San Francisco and later in Atlanta. While at Putnam Lovell NBF, Mr. Mitchell was involved in M&A advisory engagements for both domestic and international asset management groups. Previously, Mr. Mitchell's industry experience includes executive roles with AIB Asset Management Holdings, Delaware Management Holdings, and Enterprise Capital Management. In addition to serving as a Director at AIB Asset Management Holdings, he also served as President of its U.S. affiliate AIB Govett, Inc. Prior to that, Mr. Mitchell was a member of the Executive Committee of Delaware Management Holding, Inc. and was President and Chief Executive Officer of its Private Client business (Delaware Distributors) and before that was a founder, Chairman, Chief Executive Officer and President of Enterprise Capital Management and its Enterprise Group of Funds. Mr. Mitchell holds a BS in marketing and economics from Jacksonville State University.

Michael E. Nairne
Member, Corporate Governance and Nominating Committee
Mr. Nairne has been a Director of Loring Ward since September, 2003. Mr. Nairne is President of Tacita Capital Inc., a family office and investment counseling firm located in Toronto. On behalf of Tacita, Mr. Nairne acts as a consultant to the Investment Committee of LWI Financial Inc. Previously, Mr. Nairne was employed as Chief Operating Officer of Loring Ward Inc., President of Loring Ward Capital Management, and Managing Director of Loring Ward. Prior thereto, Mr. Nairne was Vice-Chairman of Assante Corporation and except for a brief hiatus as President of Nairne Associates, Mr. Nairne served in a variety of senior executive roles in Assante Corporation since its inception in 1995. Mr. Nairne is a member of the Financial Planning Association, the CFA Institute, the Institute of Advanced Financial Planners and the Institute of Behavioral Finance. He is a Registered and Certified Financial Planner, graduated first in his class in Canada as a Chartered Financial Planner and is a CFA Charterholder. He is a Certified Management Consultant and member of the Canadian Institute of Management Consultants and graduated as Gold Medalist in the Bachelor of Commerce (Honours) program from the University of Manitoba.

Sidney P. H. Robinson, M.A., LL.B., LL.M.
Chairman, Compensation Committee
Sidney Robinson is a retired Senior Partner of Torys LLP, Toronto and New York, who practiced corporate/commercial law, with emphasis on financings, mergers and acquisitions and international projects. He represented business clients from Canada, France, Germany, Italy, Japan, Sweden and the United States, including AGIP SpA., BMW AG, Barrick Gold Corporation, Canada Post Corporation, Inmet Mining Corporation, Metallgesellschaft AG, Mitsubishi Corporation, RBC Dominion Securities and BMO Nesbitt Burns. In his practice, Mr. Robinson acted as strategic and legal advisor to senior management and Boards of Directors of these and other corporations.

Mr. Robinson was a long time member of Torys’ Executive Committee. He served on the Boards of Directors of a number of public and private Canadian and US corporations including the Boards of Directors of AGIP Canada Ltd., BMW Canada Inc., C.I. Fund Management Inc., Inmet Mining Corporation and Purolator Courier Ltd. He currently sits on the boards of Pelmorex Communications Inc. (The Weather Network), Amerigo Resources Inc., Chartwell Seniors Housing Real Estate Investment Trust and Butterfield & Robinson Inc. Mr. Robinson was the first Chairman of Canada Post Corporation’s Real Estate Advisory Committee and served in that capacity for several years. Before his career in law, Mr. Robinson taught philosophy at the University of Toronto and at York University. He is also a founding partner of Butterfield & Robinson Inc., North America’s preeminent active, luxury, Travel Company. He was admitted to the Ontario Bar in 1968 and received an LL.M. from Osgoode Hall, York University in 1977.