Full Service Brokerage Services through the Special Services Department, NBF

Working to protect and enhance the Advisor’s relationship

with their client

It is illegal for the Dealer to give advice regarding a transaction if the Dealer is not registered to provide that service.

About the Special Services Department(S.S.D.)

S.S.D. pioneered the referral structure in Canada

S.S.D. has provided our securities referral platform for over twenty years

S.S.D. provides full service and advice to referred clients

S.S.D. only gives advice on investments that the referring advisor is not licensed to advise on

S.S.D. executes all paperwork and assumes compliance responsibility

The Special Services Advantage

We are based within a robust Full Service Investment Dealer at National Bank Financial

We are licensed across Canada We can service clients in English, Cantonese & Mandarin. We allow the Advisor to facilitate their clients' full securities needs, while

protecting and enhancing their relationship with their client We eliminate the need for the Advisors’ client to deal with a competitor We suppress all direct marketing from NBF - Clients only receive

statements and tax packages. Advisor is in charge of the referral process Advisor has on-line viewing access of client's account Advisor name is included on the client's statement

The Special Services Advantage

In-kind transfers - Keep control of the sales process

Top Ranked Research & Recommendations

Fixed-Income and Equity portfolio construction

Custom-designed portfolio service personalized to your client's needs

Fee-based account, eliminating commissions (allows F-Class mutual funds): the Partnership Account

Full Service Brokerage Full Service and Full Advice Provide Stock and Bond Analysis Provide Research to Clients Equity and Fixed Income Portfolio Construction Access to Managed Products Options Trading, Shorting and Margin Accounts Access to most foreign exchanges and Fixed Income Markets Flow Through Limited Partnerships Funding, exercise and sale of executive stock options All account types: margin, estate, trusts, corporate, etc.

Co-operating with you

Our goal is to execute the Advisors clients' securities needs, while the advisor continues to look after the client’s overall financial planning requirements, mutual funds, insurance, etc.

In their financial planning capacity, Advisors may participate in the process of determining the proper risk profile with the client and ourselves.

Advisors are welcome to request and be on the phone with clients during periodic portfolio reviews.

What S.S.D. Offers the Advisor

Advisor receives a portion of the commission as a referral fee on every commissioned transaction. Up to a 40% referral fee is paid on referred activity (over certain minimum)

Advisor has the ability to discount the trade commission up to 40% to the client

EQUITY TRADES

Number of Shares Price Per Share Full Commission Rate Commission Referral Fee(up to 40%)

1000 $4.00 3.12% $125.00 $0.001000 $10.00 2.40% $240.00 $90.001000 $20.00 2.30% $460.00 $184.001000 $30.00 2.00% $600.00 $240.001000 $40.00 2.00% $800.00 $320.001000 $50.00 1.75% $875.00 $350.001000 $60.00 1.75% $1,050.00 $420.001000 $80.00 1.75% $1,400.00 $560.001000 $100.00 1.00% $1,000.00 $400.00

You may not discount below $125 and no referral fee is paid below $150 commissionNew Issues Referral fees are 30%

BOND TRADES

Term Full Commission Rate Commission Referral Fee (suggested minimum) (up to 40%)

Per $100,000 par value

1 year to under 18 months 0.25% $250.00 $100.0018 months to under 3 years 0.50% $500.00 $200.003 years to 30 years 1.00% $1000.00 $400.00

The Special Services Advantage

Benefits to Advisors

Safety & stability. National Bank, which owns National Bank Financial has a 150+ year history of serving Canadians

High quality research, advice and free portfolio analysis / construction At referring advisors discretion, clients could receive discounts from normal

brokerage fees Advice on tax advantaged limited partnerships for corporations and

individuals Referred client is in a “protected environment” and will not be solicited Receive ongoing referral fees

Do you want more information on S.S.D.?

For more information about our referral program visit our website: www.ssdnbf.com password: your 4 digit dealer code or enter the word ‘welcome’

Contact us at 1-800-665-6669 1-800-665-6669 604-643-2774604-643-2774