Michael N. Macaulay Education: Eastern Washington University                       (B.A., 1963; M.A., 1966) Securities Licenses: Series 4 - Registered Options Principal Series 7 - General Securities Series 24 - General Securities Principal Series 53 - Municipal Securities Principal Series 63 - State Securities Series 65 - Registered Investment Adviser Mike Sr. formed Macaulay & Associates, L.L.C. in 1990. He has been in the investment management business since 1975, many of these years managing the Spokane branch office of a major Wall Street firm. In February 1993, Mike transferred his securities affiliation to KMS Financial Services, Inc., a Seattle based Broker/Dealer specializing in providing services to experienced investment professionals. Mike Macaulay Education: University of Washington                       (B.A., 1986) Securities Licenses: Series 7 - General Securities Series 63 - State Securities Series 65 - Registered Investment Adviser Mike Jr. opened the Seattle office of Macaulay & Associates, L.L.C. in 1995 to better serve our growing number of Western Washington clients. In addition to servicing all aspects of traditional brokerage accounts, Mike oversees Macaulay & Associates’ fee-based account profiles and the exercising of employee stock options. Colleen M. Pirrie Education: University of Washington                       (B.A., 1991) Securities Licenses: Series 7 - General Securities Series 63 - State Securities Series 65 - Registered Investment Adviser Colleen joined her father’s firm in 1992. She specializes in retirement planning for Macaulay & Associates’ clients, particularly IRA rollovers from 401(k) plans and TIAA CREF. Colleen works in the Spokane office and oversees all operations and administration for both offices.