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 close to 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 and *French.  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 * if required

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 SharesPrice Per ShareFull Commission RateCommissionReferral Fee (up to 40%) 1000$ %$125.00$ $ %$132.00$ $ %$240.00$ $ %$460.00$ $ %$600.00$ $ %$800.00$ $ %$875.00$ $ %$1,050.00$ $ %$1,400.00$ $ %$1,000.00$ New Issues Referral fees are 30% BOND TRADES TermFull Commission RateCommissionReferral Fee (suggested minimum)(up to 40%) Per $100,000 par value 1 year to under 18 months0.25%$250.00$ months to under 3 years 0.50%$500.00$ years to 30 years 1.00%$ $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: password: your 4 digit dealer code or enter the word ‘welcome’ Contact us at