W.E. Donoghue & Co., LLC (“W.E. Donoghue”) is a tactical investment firm that has specialized in active risk-managed portfolios since 1986. In December 2017, W.E. Donoghue acquired JAForlines Global (“JFG”), an investment management company that specialized in risk-managed global tactical strategies. The combined firm has approximately $3.3 billion in assets under management and under advisement in mutual fund and separately managed account assets as of December 31, 2017. W.E. Donoghue offers its strategies through its rules-based Power product series and their JAForlines Global Tactical Allocation Portfolios. The W.E. Donoghue Power line of strategies utilizes technical indicators to recognize shifts in market momentum and leverages proprietary tactical signals within custom indices, calculated by S&P Dow Jones Indices, to help preserve capital in down trending markets and seeks to offer a stronger client-centric risk-adjusted return stream over a full market cycle. The JAForlines Global Tactical Allocation strategies employ fundamental research with a top-down macro global orientation and are designed to lower volatility while striving to produce long-term capital appreciation. For more information about W.E. Donoghue, please visit the company’s websites at www.donoghue.com and www.jaforlines.com. Information Regarding Envestnet Award The "Strategist of the Year" award is based on using the systematic, proprietary, and multi-factor evaluation methodology developed by Envestnet | PMC. The evaluation framework considers performance, firm profile, customer service, investment process and style, composite, tax efficiency, and other quantitative and qualitative criteria. JAForlines’s receipt of these awards is in no way indicative of any individual client or investor’s experience with JAForlines or W.E. Donoghue & Co., LLC or of future performance.