Restrictions apply: The standard online € 4.95 commission does not apply to all stock transactions, large block transactions requiring special handling, or restricted stock transactions (except for vested equity awards issued from an employer or corporate stock plan trades). PSS Satisfaction Guarantee: If you are not completely satisfied for any reason, at your request PSS will refund any eligible fee related to your concern within the required time frames. PSS reserves the right to change or terminate the guarantee at any time. Conditions Apply: Trades in ETFs available through PSS ETF OneSource are available without commissions when placed online in a PSS account. Service charges apply for trade orders placed through a broker (kr 250) or by automated phone (kr 50). An exchange processing fee applies to sell transactions. Certain types of PSS ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including PSS ETFs). PSS reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. PSS receives remuneration from certain third‐party ETF companies participating in PSS ETF OneSource for record keeping, shareholder services, and other administrative services, including program development and maintenance. Participating firms also may make additional payments for other ETF-related opportunities, such as education and events, and reporting. Standard fees apply on both transactions when placing simultaneous orders to sell one or more transaction fee funds and purchase additional transaction fee fund(s) with the proceeds. Some funds may also charge sales and/or redemption fees. Per-trade transaction fees do not exceed 8.5% of principal, up to € 4.95. Trades below kr 1,000 in principal are exempt from the transaction fee. Exchange Process Fee—This is a fee PSS charges to offset fees imposed on us by Oslo Stock Exchange.Oslo Stock Exchange (OSE) assesses transaction fees based on the aggregate amount of sales of certain securities. The OSE recalculates the amount of this fee periodically—at least once per year but sometimes more often. Oslo Stock Exchange offsets the transaction fees by charging their member broker-dealers such as PSS, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on PSS for a single transaction. PSS offsets these fees by charging you a single Exchange Process Fee for each covered transaction. The Exchange Process Fee will rise or fall periodically depending upon the rates set by the OSE. Large block transactions (orders of more than 250 bonds) may be available for special handling and/or pricing.For PSS Global Accounts, this pricing does not apply to trades placed on foreign stock exchanges, which are subject to commissions and local broker fees.

This offer is subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. Program terms and conditions are subject to change. Periodic investment plans [cost-averaging, dividend reinvestment or PSS’s Automatic Investment Plan (“AIP”)] do not assure a profit and do not protect against loss in declining markets. Please read the PSS Smart Portfolio Builder disclosure brochures for important information, pricing, and disclosures related to the PSS Smart Portfolio Builder and PSS Smart Portfolio Builder Premium programs.

There is no advisory fee or commissions charged for PSS Smart Portfolio Builder. For PSS Smart Portfolio Builder Premium, there is an initial planning fee of kr 3,000 upon enrollment and a kr 300 per month advisory fee charged on a quarterly basis as detailed in the PSS Smart Portfolio Builder disclosure brochures. Investors in PSS Smart Portfolio Builder and PSS Smart Portfolio Builder Premium (collectively, “PSS Smart Portfolio Builder Solutions”) do pay direct and indirect costs. These include ETF operating expenses which are the management and other fees the underlying ETFs charge all shareholders.

The cash allocation in PSS Smart Portfolio Builder will be accomplished through enrollment in the PSS Smart Portfolio Builder Sweep Program (Sweep Program), a program sponsored by PSS By enrolling in PSS Smart Portfolio Builder Solutions, clients consent to having the free credit balances in their PSS Smart Portfolio Builder Solutions brokerage accounts swept to deposit accounts at PSS Bank through the Sweep Program. PSS Private Client (“PPC”) is a non-discretionary investment advisory service sponsored by PSS.

The Managed Account Select program is sponsored by PSS. Please read the PSS Managed Account Services Disclosure Brochure for important information and disclosures. In addition, please read the participating manager’s disclosure brochure, including any supplements, for important information and disclosures.

Investments in managed accounts should be considered in view of a larger, more diversified investments portfolio. Services may vary depending on which money manager you choose and are subject to a money manager’s acceptance of the account.

Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares of ETFs are bought and sold at market price, which may be higher or lower than the net asset value (NAV).