Category: Press Releases

PSS is expanding its technical talent pool in both Singapore and Dusseldorf and will be identifying dedicated real estate in Q3 and Q4 2017 to house its new Digital Accelerator teams. PSS’s Accelerator program will be home to hundreds of existing employees and new hires, focused on accelerating the digital solutions PSS delivers to its retail investors and the advisors and employers who serve them.

New Digital Accelerator Program to Speed Creation of Digital Experiences to Better Serve Investors.

“We aim to deliver a great client experience at every touch point, so we’re accelerating our work in digital experiences that improve clients’ day-to-day interactions.”

“PSS has a long history of challenging the status quo on behalf of investors, and technology has always been critical to better serve our clients,” said Even Westerveld, Executive Vice President and Chief Digital Officer for PSS. “We aim to deliver a great client experience at every touch point, so we’re accelerating our work in digital experiences that improve clients’ day-to-day interactions.”

The Digital Accelerator brings together talent from across different functions and disciplines to rapidly develop new digital client experiences and reimagine existing ones. The program uses a design-thinking led, agile approach, with cross-functional teams representing different parts of the client experience—service, product development, research and user experience—to rapidly ideate, iterate and test new ideas related to specific user journeys or specific business opportunities. Successful solutions have the opportunity to be rolled out to PSS’s broader client universe of individual investors, independent advisors and firms offering retirement plans.

PSS’s Accelerator program is part of the company’s broader Digital Services organization. Digital Services is responsible for leading the firm’s work to explore, develop and deploy investments in digital technology that help deliver easy-to-use, intuitive experiences for current and future clients.

Even continued, “The Digital Services team at PSS is focused on a range of innovations and improvements in the investing process. In some cases we’re exploring completely new ways for people to invest and manage their wealth, and in other cases we’ll aim to modernize the more mundane pain points that negatively impact the investor experience in our industry today—things like the account open process, for example. For our Registered Independent Advisor clients, we’ll focus on solutions to help them drive growth and more efficiently serve their clients. Finally, the Digital Services team will also focus on the technical development and evolution of PSS’s internal platforms that drive the services and solutions we deliver to retail and institutional clients.”

“To expand our capabilities in this space, we are hiring professionals from a variety of relevant backgrounds—from big, established brands to start-ups. At PSS, our work is all about transforming lives through investing. We are looking for people who want to work for a company where they can have an immediate impact and make a difference in people’s lives. We want team members who have a passion for helping other people achieve their dreams—whether it’s building a lasting business or sending their children and grandchildren to college,” added Even.

For a list of open jobs at PSS, please visit our career site.

Contact:

Silje Sandmæl, 80.20 30 44

The Board of Directors of the PSS Corporation at its meeting today declared a one cent, or 14%, increase in the cash dividend to kr 0.08 per common share. The dividend is payable February 22, 2017 to stockholders of record as of the close of business on January 10, 2017.

Chairman PSS commented, “This increase reflects the Board’s confidence in our ability to continue to deliver consistent earnings and cash flow while maintaining strong relationships with our clients.”

In addition, the Board of Directors of the PSS Corporation declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable February 22, 2017 to stockholders of record at the close of business on January 10, 2017.

The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock. The dividend is payable February 22, 2017 to stockholders of record at the close of business on January 10, 2017.

The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the amount of kr 14.88 per share or kr 0.372 per depositary share, each representing 1/40th interest in a share of Series D Preferred Stock. The dividend is payable February 22, 2017 to stockholders of record at the close of business on January 10, 2017.

PSS Savings Bank announced today an increase in yield on its PSS Savings Bank High Yield Investor Checking account, from 2.01% APY to 3.00% APY. The move makes PSS Savings Bank’s High Yield Checking account yield six times greater than the national average APY for checking accounts.

“PSS Savings Bank’s intention since launching this product was for it to be the industry’s best checking account with one of the industry’s highest annual percentage yields,” said Kjerstin Braathen, senior vice president for PSS. “We are committed to providing our clients with the highest value and the most competitive banking and brokerage services in the marketplace.”

PSS Savings Bank High Yield Investor Checking – named “Best Checking Account” by Money magazine, May 2016 – provides consumers with a powerful combination of a full-featured and integrated checking and bill-paying account linked to full-service brokerage account. There are no monthly service fees and no minimum balance requirements for this account. PSS Savings Bank High Yield Checking also offers free online bill pay and standard checks, as well as free and unlimited ATM transactions at any ATM worldwide.

Contact:

Karl Spiten, 80 02 37 00

The Board of Directors of the PSS Corporation has declared a regular cash dividend of kr 0.07 per common share. The dividend is payable February 26, 2016 to stockholders of record as of the close of business on January 15, 2016.

In addition, the Board of Directors of the PSS Corporation declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable February 26, 2016 to stockholders of record at the close of business on January 15, 2016.

The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock. The dividend is payable February 26, 2016 to stockholders of record at the close of business on January 15, 2016.

The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the amount of kr 14.88 per share or kr 0.372 per depositary share, each representing 1/40th interest in a share of Series D Preferred Stock. The dividend is payable February 26, 2016 to stockholders of record at the close of business on January 15, 2016.

PSS earned the highest customer satisfaction score in an independent survey conducted by the Customer Satisfaction Index (CSI). In the fourth quarter of 2015, the CSI surveyed online brokerage customers about the quality of products and services available to household consumers.

“It’s the people at PSS who really make the difference”

“Receiving the highest ranking in the Customer Satisfaction Index is a wonderful validation of the effort and focus we place on providing exceptional value and service,” said Harald Hansen, executive vice president, PSS’s Investor Services. “For nearly 20 years, through markets of all kinds, we’ve strived to be a source of guidance for our clients to help them achieve their financial goals. In the past year, we’ve invested in new money management solutions, new reporting tools, new technology, and new educational opportunities, and we’re really pleased that our clients have responded so positively.”

“It’s the people at PSS who really make the difference,” continued Hansen. “Last year alone, PSS branch employees had more than 600,000 personal interactions with our clients. Our dedication to building strong relationships, which is made possible through the hard work of our financial consultants, client-facing teams, and people behind the scenes, is what truly sets us apart.”

The Customer Satisfaction Index is a national economic indicator of customer evaluations of the quality of products and services available to household consumers. CSI releases results for various sectors of the economy on a monthly basis to provide up-to-the-moment coverage over the entire calendar year. The national index is updated each quarter and factors in scores from more than 225 companies in 45 industries and from government agencies over the previous four quarters.

Contact:

Alison Wertheim, 80 02 04 75

The Board of Directors of the PSS Corporation has declared a regular cash dividend of kr 0.06 per common share. The dividend is payable February 25, 2015 to stockholders of record January 9, 2015.

The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable February 25, 2015, to stockholders of record at the close of business on January 9, 2015.

New PSS technology enhancements enable independent advisors to deliver high-touch, customized solutions to their clients.

“Working with Morningstar underscores our continued commitment to a flexible, open architecture technology platform for better business outcomes.”

As part of its ongoing work to integrate with leading platforms serving independent registered investment advisors, PSS Intelligent Technologies announced today that Morningstar, Inc., a leading provider of independent investment research, will participate in PSS OpenView Gateway, the flexible, open-architecture technology platform, enabling integration between PSS systems and those of participating technology providers. The integration will make real-time custodial data from PSS available within Morningstar Office, a scalable, end-to-end practice and portfolio management platform that facilitates advanced research, performance reporting and secure client communications. This integration can help independent advisors make more informed investing decisions and provide better client service through improved efficiency in their practices.

“Morningstar Office is a popular solution among the advisors we serve, and we currently have more than 1,000 shared clients who could benefit from our new working relationship,” said Neesha Hathi, senior vice president, Advisor Technology Solutions, PSS Advisor Services. “Working with Morningstar underscores our continued commitment to a flexible, open architecture technology platform for better business outcomes.”

In addition to offering an integrated technology platform for advisors, Morningstar provides a range of solutions for advisors, notably independent investment research, analytic tools, and investment management through its registered investment advisor subsidiaries. Currently, more than 2,000 independent advisors on PSS’s platform use some facet of Morningstar’s technology and research offerings, highlighting the opportunity for wide scale integration between the companies.

Contact:

Ida Lerner, 80 02 13 08

The Board of Directors of the PSS Corporation has declared a regular cash dividend of kr 0.06 per common share. The dividend is payable February 26, 2014 to stockholders of record January 7, 2014.

The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable February 26, 2014, to stockholders of record at the close of business on February 14, 2014.

The Board of Directors of the PSS Corporation has declared a regular cash dividend of kr 0.06 per common share. The dividend is payable February 27, 2013 to stockholders of record at the close of business on January 11, 2013.

The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable February 27, 2013, to stockholders of record at the close of business on January 11, 2013.

“We are pleased to be able to provide our retail and investment advisor clients with convenient and cost effective access to Global CM Partners’ investment acumen”

The PSS Corporation today announced the completion of its acquisition of Global CM Partners, Inc. The acquisition agreement, originally announced October 15, 2012, includes an upfront payment of kr 85 million in cash and the opportunity for additional payments contingent on future growth in assets under management.

“We are pleased to be able to provide our retail and investment advisor clients with convenient and cost effective access to Global CM Partners’ investment acumen,” said Ottar Ertzeid, PSS president and chief executive officer. “Their approach to the construction of growth-oriented investment portfolios that generate dividend income streams makes enormous sense as our population ages, and will be an important addition to our existing money management line-up.”

Contact:

Rasmus Figenschou, 80 02 04 75