EFTA Document EFTA01412985

Subject: RE: rev discrepancy [I] [C] From: Paul Morris <IMI= > Date: Tue, 27 Oct 2015 12:01:18 -0400 To: Jj Litchford Stewart Oldfield Classification: Confidential Let's go through together later today before going back to Morgan Paul Morris Managing Director Deutsche Bank Private Bank Office Cell: From: Jj Litchford Sent: Tuesday, October 27, 2015 12:00 PM To: Paul Morris; Stewart Oldfield Subject: RE: rev discrepancy [I] [C] Classification: Confidential I have tied out the numbers, it looks to me like everything is essentially correct except for Boies, New Apostolic Church, and Ellin. The numbers attached do not include $20MM in cash from Epstein and $30MM from Lindemann. I also attached the Southern Financial tie-out (through today). There have been significant outflows YTD, even with the $20MM that came in. fcid:[email protected] JJ Litchford Associate Banker EFTA01412985 Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue, 24th Floor New York, New York 10154 Tel. Mobil Email fcid:[email protected] From: Paul Morris Sent: Tuesday, October 27, 2015 11:49 AM To: Jj Litchford Subject: RE: rev discrepancy [I] [C] Classification: Confidential She needs to fix all the negative Boies and apolstolic church flows as well Paul Morris Managing Director Deutsche Bank Private Bank Office= Cell: From: Jj Litchford Sent: Tuesday, October 27, 2015 11:33 AM To: Morgan Byrd Cc: Paul Morris; Andrew Gallivan Subject: RE: rev discrepancy [I] [C] EFTA01412986 Classification: Confidential Hi Morgan-- Thanks. 1) I have attached the June and July Statements which show the only withdraws were fees paid to us. 2) Regardless, if the positive NNA for Ellin doesn't count toward our team because it was booked under Ed, why would negative NNA purportedly booked under Ed count against us? He was still here in July. Thanks for the help, 33 fcid:[email protected] JJ Litchford Associate Banker Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue, 24th Floor New York, New York 10154 Tel. Mobil Email {cid:[email protected]} From: Morgan Byrd Sent: Tuesday, October 27, 2015 10:36 AM To: Jj Litchford Subject: RE: rev discrepancy [I] [C] EFTA01412987 Classification: Confidential 33, The negative NNAs for Howard Ellin are from July 2015 which would have shown up in the Q2 2015 scorecard. Please let me know if you believe this negative should not be there and provide copies of your reports and details to assist in answering the issue in a timely manner. Thank you, {cid:[email protected]} Morgan Byrd Associate Deutsche Bank Trust Company, National Association Deutsche Asset & Wealth Management 5022 Gate Pkwy #400 Jacksonville, FL 32256 Tel. Email Securities offered through Deutsche Bank Securities Inc. {cid:[email protected]} From: Jj Litchford Sent: Friday, October 23, 2015 12:08 PM To: Morgan Byrd Subject: Re: rev discrepancy [C] [I] EFTA01412988 Sorry I meant NNA On Oct 23, 2015, at 12:07 PM, Morgan Byrd wrote: Classification: For internal use only 33, According to the GMIS report that account has a positive revenue of $10,468.79. Can you please let me know where you are seeing a negative revenue so that I can research the issue further? Thank you, {cid:[email protected]} Morgan Byrd Associate Deutsche Bank Trust Company, National Association Deutsche Asset & Wealth Management 5022 Gate Pkwy #400 Jacksonville, FL 32256 Tel. Emai Securities offered through Deutsche Bank Securities Inc. fcid:[email protected] From: Jj Litchford Sent: Friday, October 23, 2015 10:36 AM To: Andrew Gallivan EFTA01412989 Cc: Morgan Byrd Subject: Re: rev discrepancy [C] [I] Understood, would definitely like to understand how that happened so we can be sure the other numbers are correct. Thank you. On Oct 23, 2015, at 10:34 AM, Andrew Gallivan wrote: Classification: For internal use only 33, Morgan is correct from an NNA perspective on how this works. I am more concerned about the negative since there does not appear to be any asset outflows From: Jj Litchford Sent: Friday, October 23, 2015 10:25 AM To: Morgan Byrd Cc: Andrew Gallivan Subject: Re: rev discrepancy [C] [I] I was an integral part of winning that business and think the team should still get credit. Where specifically is the negative revenue coming from? EFTA01412990 On Oct 23, 2015, at 10:20 AM, Morgan Byrd wrote: Classification: For internal use only 33, The $5MM was brought in by Ed Finley and although the account was transferred to Paul Morris, Paul does not get credit for assets booked prior to taking over the account. Paul will get credit for business that is booked while the account is under him. Please let me know if you have any additional questions. Thank you, <image001.gif> Morgan Byrd Associate Deutsche Bank Trust Company, National Association Deutsche Asset & Wealth Management 5022 Gate Pkwy #400 Jacksonville, FL 32256 Tel. Email Securities offered through Deutsche Bank Securities Inc. <image002.gif> EFTA01412991 From: Jj Litchford Sent: Friday, October 23, 2015 8:36 AM To: Morgan Byrd Cc: Andrew Gallivan Subject: Re: rev discrepancy [C] That was transposed on my part, apologies. Regardless, that client has $5MM in NNA for the year and 0 outflows. On Oct 23, 2015, at 8:33 AM, Morgan Byrd wrote: Classification: Confidential 33, According to the report I sent you yesterday there is -$344,824.48 in NNA for this account. I'm not sure where the -433 number is coming from. I've attached the report again with the rest of your line items hidden. Thank you, <image003.gif> Morgan Byrd Associate Deutsche Bank Trust Company, National Association Deutsche Asset & Wealth Management 5022 Gate Pkwy #400 Jacksonville, FL 32256 Tel. Email Securities offered through Deutsche Bank Securities Inc. EFTA01412992 <image004.gif> From: Jj Litchford Sent: Thursday, October 22, 2015 12:00 PM To: Andrew Gallivan Cc: Morgan Byrd Subject: rev discrepancy [I] Classification: For internal use only As discussed, Howard Ellin shows as NNA of -433k but his NNA is exactly +5,000,000 (in a discretionary equity IA portfolio). The account is 451305. Morgan—the oddity here is that -433K is almost the exact amount his account was down market value wise which obviously should never be considered NNA. <image003.gif> JJ Litchford Associate Banker Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue, 24th Floor New York, New York 10154 Tel. Mobil Email <image006.gif> <Sept YTD GMIS - MorrisOldfield - 102215.xlsx.secure> EFTA01412993 EFTA01412994