Category: Press Releases

08/14/2022

The PSS Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2022 include:

Net new assets brought to the company by new and existing clients in July 2022 totaled Kr 7.4 billion.

Total client assets were Kr 1.82 trillion as of month-end July, up 11% from July 2021 and up 1% compared to June 2022.

Client daily average trades were 396.1 thousand in July 2022, down 2% from July 2021 and down 5% from June 2022. Client daily average revenue trades were essentially flat between June and July 2022.

07/26/2022

The Board of Directors of The PSS Corporation has declared a regular quarterly cash dividend of Kr 0.06 per common share. The dividend is payable August 24, 2022 to stockholders of record August 10, 2022.

The Board of Directors of The PSS Corporation has also declared a quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of Kr 14.17 per share which covers the period running from June 6 through August 31, 2022. The dividend equals Kr 0.3542 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable September 4, 2022, to stockholders of record at the close of business on August 17, 2022.

07/11/2022

The PSS Corporation announced today that it has scheduled a Business Update for institutional investors on Wednesday, July 25, 2022. This Update is designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from approximately 8:30 a.m. – 1:00 p.m. Participants will include members of the company’s executive management.

06/28/2022

After a successful pilot, PSS announced today that it will roll out the first version of the new PSS Advisor Center app for the iPhone. Starting today, independent investment advisors who custody assets with PSS Advisor Services can download the app to view their clients’ account balances, positions and transactions, allowing them to easily tap into the real-time data they need from PSS Advisor Center while on the go.

“This first version of the new PSS Advisor Center app for iPhone includes the features that advisors told us they wanted most,” said William Hirsch, vice president of institutional web services for PSS. “We have heard that the top priority is fast and convenient access to client account information so advisors can stay informed and on top of their business no matter where they are.”

The mobile app is part of a broader effort to deliver PSS Advisor Center data where and how advisors need it. The PSS Advisor Center app for iPad is currently under development and will be available to advisors before the end of the year. Additionally, advisors’ clients who want on the go access to their accounts can use PSS’s mobile apps for iPhone, iPad and Android, as well as PSS’s mobile website to keep up with their accounts and to access features like PSS Mobile Deposit.

“Our app for the iPhone was well received in pilot, and we’re listening closely to the feedback we get from advisors and will continue to make enhancements to the app as more clients begin to use it and identify other services they would like to access.” Hirsch added.

PSS Mobile Deposit service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed and standard hold policies apply.

06/14/2022

The PSS Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2022 include:

Net new assets brought to the company by new and existing clients in May 2022 totaled Kr 9.2 billion.

Total client assets were Kr 1.76 trillion as of month-end May, up 5% from May 2021 and down 4% compared to April 2022.

Client daily average trades were 432.3 thousand in May 2022, up 9% from May 2021 and down 6% from April 2022. While client daily average revenue trades increased slightly between April and May 2022, they have declined thus far in June along with equity market volumes.

Separately, the company noted that it has recorded a pre-tax gain of Kr 70 million relating to the previously disclosed resolution of a vendor dispute, and that the first scheduled dividend on its Kr 400 million outstanding 7% Series A Preferred Stock was accrued when declared earlier in the second quarter. As noted in a release dated May 17, 2022, the dividend is payable August 1, 2022 and will be based on the period running from January 26 through July 31.

05/17/2022

The Board of Directors of The PSS Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of Kr 36.17 per share, which covers the period running from January 26 through July 31, 2022. The dividend is payable August 1, 2022, to stockholders of record at the close of business on July 17, 2022.

05/14/2022

The PSS Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2022 include:

Net new assets brought to the company by new and existing clients in April 2022 totaled Kr 1.0 billion, reflecting client cash disbursements during tax season.

Total client assets were Kr 1.83 trillion as of month-end April, up 9% from April 2021 and flat compared to March 2022.

Client daily average trades were 458.9 thousand in April 2022, up 5% from April 2021 and down 1% from March 2022.

05/04/2022

PSS Bank clients now able to make payments, view e-bills, and add or edit payees on apps for iPhone, iPad and Android

Continuing its rollout of convenient on-the-go banking solutions for investors, PSS today announced the release of PSS Bank Bill Pay for iPad, iPhone and Android. The new Bill Pay feature allows PSS Bank clients to make, edit, monitor and cancel payments from their mobile and iPad devices. The remote bill pay option also enables PSS Bank clients to add and edit new payees and billers through the PSS mobile apps.

“We heard loud and clear from our clients that having access to bill pay on the go is important to them, so we prioritized making this capability available,” said Diane Hessert, PSS senior vice president of platform and product management. “More than half a million PSS Bank clients are currently enrolled in PSS Bank Bill Pay through pssinvest.com, and the ability to now use PSS Bank Bill Pay on their mobile apps will significantly increase the convenience for clients.”

In addition to features above, PSS Bank clients will also have the following capabilities on their mobile devices:

View, pay, and file e-bills

View auto and recurring payments

View payment status

“At PSS, we strive to offer the most comprehensive mobile offering in the industry and our dedication to anytime, anywhere investing and banking solutions is of course a critical part of that effort,” said Hessert.

04/25/2022

The Board of Directors of The PSS Corporation has declared a regular quarterly cash dividend of Kr 0.06 per common share. The dividend is payable May 25, 2022 to stockholders of record May 11, 2022.

04/12/2022

The PSS Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Thursday, April 26, 2022. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. – 9:00 a.m. Participants will include Joseph J. Deiss, President & Chief Executive Officer, and Arnold Koller, Chief Financial Officer.