Alternatives can broadly be defined by five types of investments, real assets (including real estate, real estate investment trusts, land and infrastructure), hedge funds, commodities, private equity and structured products. Alternative investments are typically considered anything that does not fall under the definition of traditional investment such as long positions in equities, fixed income and cash. Investing in alternatives is a strategy used to diversify a portfolio by adding non-correlatedasset classes. The benefits of alternatives lie in their performance not being generally correlated to the stock and bond market. Though this may be attractive in some cases, in many situations alternative style investments may be more volatile than managed stock and bond alternatives. Alternative investments are speculative in nature, and may not be suitable for all investors. The strategies employed in the management of such investments involve increased risks, including the potential loss of part or the entire principal amount invested. For more information, visit FINRA.