Broms Asset Management

Broms Asset Management was formed to create, market, and manage Applied InvestmentScience NextShares exchange-traded managed funds (NextShares). NextShares are designed for active management with the cost and tax efficiencies of exchange trading. Unlike conventional exchange-traded funds (ETFs), NextShares protect the confidentiality of proprietary investment research, and fund trading information and provide buyers and sellers of shares with transparency and control of their trading costs. NextShares offer significant advantages over both mutual funds and ETFs as vehicles for active investment strategies, thus solving serious problems that the U.S. Securities and Exchange Commission (SEC) and others recognize in the conventional mutual fund structure. The Company is developing a differentiated U.S. investment program to offer actively managed, high-capacity, scalable funds having wide appeal and develop these funds into multi-billion dollar funds. Management intends to implement a rigorous process of scientific-based research and oversight to administer a best-in-class fund platform using systematic investment management (no human bias or alpha based on luck). Todd Broms is the co-inventor of a wide range of unique features and processes for NextShares and related order entry patents that are protected by a deep portfolio of issued U.S. patents. Having completed an intellectual property transfer to Eaton Vance in late 2010, the patent portfolio is now owned by NextShares Solutions LLC, a wholly owned subsidiary of Eaton Vance. The launch of AI SCI NextShares is conditional upon final regulatory approval, the likelihood and timing of which cannot be predicted, along with various other agreements to be executed which might not be executed. Commercial success requires completion of enabling implementation technology and acceptance by market participants.