|Parameter||Scarsdale Investment Group||Broker-Dealers & Others|
|Clients-Representation||We represent clients, not ourselves.||Broker represents the firm's interest first.|
|Client - Service||We educate our clients.||Broker-Dealer does it for you.|
Buy and Hold; we don't generally trade. We don't perform or mark-to-market.
Trade to enhance performance.
Mark-to-market performance frequently.
|Allocate Within Bonds||Only buy high quality bonds. Minimize taxes.||May buy riskier bonds to enhance performance.|
|Access to Muni Bonds||
Large Broker network.
||Generally favor own inventory and own underwriting.|