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Performance data quoted represents past performance and is no guarantee of future results. The value of an investment may fall as well as rise. Investor principal is not guaranteed. A complete list of Rochdale Securities LLC composites and a description of the investment strategies is available, as well as more detailed disclosure and other information. Third Party Consulting Advisers supplied with "gross of fee" results are advised to use this data in accordance with the SEC guidelines. Investors should understand that performance results will be reduced by investment advisory fees and other expenses which may be incurred in connection with the account. The effect of such expenses is not reflected in "gross of fees" performance materials.

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