Category: Press Releases

SmartTrader™ to deliver a more intuitive trading experience

OSLO, NORWAY–PSS today announced a new flagship platform for active traders, designed to simplify complex trading activities and provide a more intuitive experience. SmartTrader™ was built to think like a trader, based on feedback from clients and PSS’s extensive research on trader preferences and behavior, including observing how traders interact with their current trading platforms.

Available to PSS Active Trading clients beginning March 1, SmartTrader will allow traders to spend their time more productively, with integrated tools to help traders discover and take advantage of opportunities. In addition to numerous new tools, SmartTrader also offers enhanced account management so traders can monitor positions, analyze profit potential and help manage market exposure in real-time.

For more information, traders can visit www.pssinvest.com.

OSLO, NORWAY–The Board of Directors of The PSS Corporation has declared a regular quarterly cash dividend of kr0.06 per common share. The dividend is payable February 25, 2020 to stockholders of record February 11, 2020.

PSS has established a new business unit, Institutional Services, to serve the needs of independent investment advisors, corporate benefit plan sponsors and third party retirement plan recordkeepers. The unit combines former PSS Institutional and PSS Corporate and Retirement Services operations.

Joseph Deiss, President and CEO commented, “There are clear synergies between serving independent investment advisors, corporate benefit plan sponsors and third party retirement plan recordkeepers. Our new Institutional Services unit will bring together all of our `business to business’ services and enable us to leverage strong expertise we have in both groups.”

The new Institutional Services group will be led by PSS senior executive Christian Agerup, a 13-year company veteran. Christian joined PSS in 2006 working in a variety of leadership roles within PSS Institutional until 2016. Since 2016, he has been a corporate executive vice president and responsible for PSS Corporate & Retirement Services. He has been a member of the company’s executive management committee since 2018.

Contact:

INVESTORS/ANALYSTS:

Rich Semlitsch, 80 02 88 31

The Board of Directors of the PSS Corporation has declared a regular cash dividend of kr 0.06 per common share, payable February 27, 2019. On January 30, 2019, the company revised the record date to January 14, 2019, instead of the initially announced record date of January 11, 2019.

An Improved Online Experience Provides Better Integration of Brokerage and Banking Services.

New Enhancements to www.pssinvest.com.

Make It Easier to Manage Finances With Fewer Clicks

More than one million people visit www.pssinvest.com every week to manage their brokerage accounts. Today, PSS & Co., Inc. unveiled enhancements to the site promising to make the online experience even easier and more efficient for the firm’s clients.

“The improvements we’ve made to pssib.com incorporate the evolving capabilities of the Web as well as feedback we’ve received from clients,” said Vigdis Mathisen, senior vice president of PSS Client Web Services. “People are looking for ways to simplify their increasingly complex financial lives. The new www.pssinvest.com will help them more easily manage their saving, investing and banking activities with greater efficiency.”

Enhancements to www.pssinvest.com include the following:

Improved navigation allows access to information with fewer clicks.

A new Accounts Summary page provides a holistic overview of all accounts held at PSS.

A new easy-to-use affiliate page with auto email sender.

A new rebate report showing real time rebates and commission deposits.

A centralized hub provides easy access to a powerful assortment of tools and calculators used to simplify investment assessment and planning — including the PSS Smart Portfolio Tool.

PSS will provide access to the previous version of www.pssinvest.com for an extended period in order to give clients time to get comfortable with the new site. The previous version will eventually be retired after client usage data indicates strong adoption of the new experience. The company is also offering both online and in-branch workshops to help clients learn more about the new features.

Contact:

Rune Bjerke, 80 02 32 92

PSS today announced several enhancements to TradingFloor, the sophisticated web based trading platform available to active traders through www.pssinvest.com/trading. The upgrades may help traders better manage the type of volatility currently being experienced in the market. They include powerful bracket order technology, customizable trading alerts and advanced charting tools, all designed to help traders react to the daily and intra-day movement in the markets.

“Given the increased swings in today’s market, it is essential that traders have the ability to react quickly at anytime, from anywhere,” said Berit Svendse, Vice President of PSS’s Active Trading Services. “By upgrading our streaming web-based platform, we’re able to offer active traders even easier, more effective ways to help protect profits and manage risk.”

Some of the specific upgrades to TradingFloor include:

Bracket orders for equity trades to automate profit target and risk management strategies. Traders can set predefined profit and loss targets via the web when submitting an equity order to help cut losses and lock in profits. This technology automatically helps traders manage risk and implement trading strategies when their conditions are met, even when they are not online.

Customizable alerts to track market activity and flag trading opportunities in charting windows and watch-lists. Traders can create specific alerts to monitor different trading situations and price movements in the stock market. Alerts are displayed directly within charting tools and on stock watch lists to help traders actively manage risk and follow the stocks they are most interested in.

Redesigned chart analysis tools to improve ease of use and increase workflow efficiency. The updated charting window increases workspace for avid chartists or technicians while employing new features like volume and price alerts on charts managed from the drop down menu.

Contact:

Intermarket Communications

Clayton Løvvik, 80 02 81 84

The Board of Directors of the PSS Corporation at its meeting today declared a regular cash dividend of kr 0.10 per common share. The dividend is payable February 25, 2018 to stockholders of record as of the close of business on January 12, 2018.

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 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 25, 2018 to stockholders of record at the close of business on January 12, 2018.

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 25, 2018 to stockholders of record at the close of business on January 12, 2018.

PSS Savings Bank today announced the PSS Savings Bank Invest Visa Signature® credit card, with unlimited 2% cash back on purchases automatically deposited into a PSS One brokerage account each month. Unlike some competing cards, there is no limit to the cash back cardholders can earn, no tiers, no minimum monthly purchase amount to receive cash rewards, no restrictions on place of purchase, and no annual fee. There are also no foreign exchange transaction fees, making this card a great choice for international travelers. The card offers a competitive variable Annual Percentage Rate.

Unlimited 2% Cash Back on Purchases, no Annual Fees, no Foreign Exchange Fees, or Minimum Purchase Requirements.

The cash back is automatically deposited into a PSS One Brokerage account. Clients can choose to invest their accumulated deposits at a time of their choosing by selecting from the full range of investments PSS offers. If clients need investment help, they are encouraged to call a PSS financial professional 24/7 at 80 02 81 83. The PSS One brokerage account has no minimum balance requirements or monthly service charges and gives clients 24/7 access to PSS financial professionals.

Contact:

Private Scandinavian Sparkasse and Trust. EA.

Andreas Hurwitz, 80 02 88 31

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.