Transcription
SELF-DIRECTED BROKERAGEACCOUNT APPLICATIONCLIENT INSTRUCTIONS Wealth ManagementU.S. Bancorp Investments180Above Sec. 1Check “New” to tell Wealth Management Advisory and Service Center you are opening a new account or “Update” if modifying an existingaccount. Check “Change to Self-Directed Brokerage” if you would like to change to a Self-Directed Account.Sec. 1 If you want to trade on margin or trade options: Check the box and call us to request the form you need. Call Wealth Management Advisoryand Service Center at 800.888.4700. For a new account: U.S. Bancorp Investments, Inc. will fll in the account number once the account is opened.Sec. 2Check the type of account registration you want for this account. Note that if there is an asterisk by the registration type, you need to call WealthManagement Advisory and Service Center at 800.888.4700 to request the additional form or learn what legal document you must provide.Sec. 3Enter all requested information about yourself. If you miss completing any item, your application cannot be processed.Sec. 4Enter requested data if you have a joint owner or you are the custodian, guardian, conservator or executor for this account.Sec. 5 Only if your objective is to liquidate all assets in the account: Check “Liquidation.” If your objective is not “Liquidation,” tell us how you acquired the money that you will be investing in this new account.Sec. 6Answer all three questions and enter any required information.Sec. 7 Sec. 7Aa) You are required to link one bank account to this brokerage account. It can be a checking account or a savings account and will be knownas “Bank Account A.” Check the type of bank account, enter the ABA routing number and the bank account number. Be sure to submit avoided check or pre-printed savings slip with this application.b) You may request to link a second bank account. If doing this, this second bank link will be known as “Bank Account B.” Enter data asabove and submit a voided check/savings slip for this account as well.NOTE: If all owners of the bank account you want to link do not match the designated owners of this brokerage account, you mustcomplete the U.S. Bancorp Investments Bank Link Request form and have all owners and/or authorized persons of the bank account signthe form. Call Wealth Management Advisory and Service Center at 800.888.4700 if you need this form.c) Indicate which bank account U.S. Bancorp Investments should debit to pay for your purchases or where we should credit any saleproceeds, dividends, interest, principal or maturity values of assets. Sec. 7C If you would like duplicate statement and trade confrmations to be mailed to another person besides yourself, enter that person’sname and address.Sec. 8This is a required section where the client will provide a trusted contact or decline to provide a trusted contact that USBI can call for questionsregarding your account in a situation where the client is not available. This person is not authorized to act on the behalf of the client.Sec. 10Sign and date the form.Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name forU.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affliate of U.S. Bank.Insurance products are available through various affliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries.Products may not be available in all states. CA Insurance License# OE24641.Investment and insurance products and services including annuities are: NOT A DEPOSIT NOT FDIC INSURED MAY LOSE VALUE NOT BANK GUARANTEED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY#0812216Page 1 of 6PERSONAL30548D (01/21) v1.0
SELF-DIRECTED BROKERAGEACCOUNT APPLICATION Wealth ManagementU.S. Bancorp Investments180Call Wealth Management Advisory and Service Center at 800.888.4700 for assistance completing this form.You must complete this application in its entirety. Missing information will delay account set-up and your ability to place trades. You mustsign and date the application before mailing a photocopy of your I.D. and voided check or savings slip for establishing the required banklink to U.S. Bancorp Investments, Inc., Self-Directed Brokerage, EP-MN-WS4M, 60 Livingston Ave., St. Paul, MN 55107.To help the government fght the funding of terrorism and money laundering activities, federal law requires all fnancial institutions to obtain, verifyand record information that identifes each customer and person who opens an account.What this means to you: When you open an account with U.S. Bancorp Investments, Inc., we will ask for your legal name, address, date of birth andother information that will allow us to identify you. We will also ask to see your driver’s license or other identifying document. If you are a non-personentity, we may ask for copies of certifed articles of incorporation, an unexpired government-issued business license, a partnership agreement orother documents that indicate the existence and standing of the entity.h Newh Updateh Change to Self-Directed Brokerage(Additional Disclosures in Section 9.5)Contact UsRep ID:Branch #Wealth Management Advisory and Service CenterM9641061 Account (All accounts will be opened as cash accounts)Check Box If Wanting To Add Margin or Option Trading to Your Account (please call Wealth Management Advisoryand Service Center to obtain the application)h Margins*Account # (U.S. Bancorp Investments to enter if new account)h Options*2 Account Registrationh Individualh Joint w/rights of survivorshiph Joint tenants in commonh Corporate*h Individual w/Transfer on Death*h JTWROS w/Transfer on Death*h Partnership*h Non-Corporate*h Guardianship*h Conservatorship*h Custodial*h Estate*3 Account Holder Information (Continued on page 3)A) Is account holder a trust? Also submit Trustee Certifcation of Trust.B) Need additional space for account title? Use Account Supplement and sign and date both forms.C) If this is a custodial account: Write minor’s information in this section.Title of Account/Name of Primary Account Owner as Shown on Your Tax ReturnSSN/TINDate of Birth or Date of TrustStreet Address of Residence (Cannot be a P.O. Box)Mailing Address (Optional)Home Phone (10 digits)Marital Statush MarriedCell Phone (10 digits)Email Addressh Not MarriedCitizenshipPicture Identifcationh U.S. Citizenh Resident Alienh Nonresident Alien (Complete W8)h U.S. Driver’s license (State: )h U.S. Military Service IDh U.S. State ID (State: )h U.S. Resident Alien/Immigration IDh Passport (Country: )h Other:Number on ID: Expiration Date (mm/dd/yyyy):Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name forU.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affliate of U.S. Bank.Insurance products are available through various affliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries.Products may not be available in all states. CA Insurance License# OE24641.Investment and insurance products and services including annuities are: NOT A DEPOSIT NOT FDIC INSURED MAY LOSE VALUE NOT BANK GUARANTEED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY*Additional document requiredPage 2 of 6PERSONAL30548D (01/21) v1.0
Primary Account Owner: Wealth ManagementU.S. Bancorp InvestmentsSSN/TIN:Account #:3 Account Holder Information (Continued from page 2)h Full-Time Employment. (Must complete 1-6 below)h Part-Time Employment. (Must complete 1-6 below)h Self-Employed. (Must complete 1-6 below)h Military. (Must complete 1-6 below)1. Employerh U.S. Bankh Retired. (Must complete 5 below with former occupation)h Unemployed. (Must complete 5 below with former occupation)h Homemaker. (Skip 1-6 below)h Student. (Skip 1-6 below)h U.S. Bancorp Investments, Inc.3. Years With Employer2. Employer City and State4. Type of Business6. Work Phone (10 digits)5. Occupation4 Joint Tenant, Custodian, Guardian or ConservatorNameSSN/TINDate of BirthAddress of Physical Residence/Street Address (If different from primary owner)Home Phone (10 digits)Marital Statush MarriedEmail Addressh Not MarriedCitizenshipPicture Identifcationh U.S. Citizenh Resident Alienh Nonresident Alien (Complete W8)h U.S. Driver’s license (State: )h U.S. Military Service IDh U.S. State ID (State: )h U.S. Resident Alien/Immigration IDh Passport (Country: )h Other:Number on ID: Expiration Date (mm/dd/yyyy):h Full-Time Employment. (Must complete 1-6 below)h Part-Time Employment. (Must complete 1-6 below)h Self-Employed. (Must complete 1-6 below)h Military. (Must complete 1-6 below)1. Employerh U.S. Bankh Retired. (Must complete 5 below with former occupation)h Unemployed. (Must complete 5 below with former occupation)h Homemaker. (Skip 1-6 below)h Student. (Skip 1-6 below)h U.S. Bancorp Investments, Inc.3. Years With Employer*Additional document required2. Employer City and State4. Type of Business5. OccupationPage 3 of 66. Work Phone (10 digits)PERSONAL30548D (01/21) v1.0
Primary Account Owner: Wealth ManagementU.S. Bancorp InvestmentsSSN/TIN:Account #:5 Investment InformationObjective (Check only if opening account to sell securities)h LiquidationHow Did You Acquire the Funds Being Invested?h Annuity: Surrender of contracth Business: Sale ofh CD: Maturityh CD: Early liquidationh Death beneft proceedsh Equity: Sale ofh Fixed income product: Maturityh Fixed income product: Sale ofh Gifth Inheritanceh Insurance: Surrenderh Mutual fund: Sale ofh Physical asset: Sale ofh Real Estate: Sale ofh Settlementh Transfer in kind (includesstock certifcates)h UIT: Sale ofh Savings 12 monthsh Income6 Securities Industry Affliation (This information is required by law and must be completed in full)NOTE: Immediate family is defned as any child, stepchild, grandchild; parent, stepparent, grandparent; spouse; sibling; mother-in-law, father-in-law, daughter-in-law,son-in-law, brother-in-law or sister-in-law if living in the same household; includes adoptive relationships.Are you or an immediate family member/domestic partner:h Yesh No 1. A director, 10% shareholder or policy making offcer of any publicly traded company? If yes: Symbolh Yesh No 2. Employed by the Financial Industry Regulatory Authority, a broker/dealer, investment advisor or another securities frm? If employed by abroker/dealer other than U.S. Bancorp Investments, Inc.: U.S. Bancorp Investments must receive written authorization from your employerauthorizing the opening of an account with U.S. Bancorp Investments.*h Yesh No 3. A senior offcer of a bank, savings and loan, insurance company, registered investment advisory frm, registered investment company or a personwho could infuence the trading of investments in an institutional-type account?If yes to #1, 2 or 3:Name of Person:Relationship of this person to you:Name of Firm/Employer:Address of Firm/Employer:City, State, ZIP Code:7 Funding and Account Handling (You must submit a voided check or encoded savings account slip)A. Link to Bank Account (Required: Link A links to one account. Link B links a secondaccount. Link A required. Link B optional.)g If all owners of the bank account you want to link do not match the designatedowners of this brokerage account, you must complete the Bank Link Requestform and have all owners and/or authorized persons of the bank account signthe form. Call 800.888.4700 if you need this form.B. “Bank Deposit Program” is the default action and thisautomatically places funds from your brokerage accountinto interest-bearing deposit accounts at U.S. BankNational Association, a bank affliated with U.S. BancorpInvestments whose deposits are insured by the FederalDeposit Insurance Corporation. Conversely, if makingpurchases, funds will be taken out of your deposit accounts to pay for your investments. Not SIPC covered.Link A: h Checking h SavingsRouting # 9 digitsBank account #C. Duplicate Statements and Confrms. (Optional)Name:Link B: h Checking h SavingsRouting # 9 digitsAddress:Bank account #Page 4 of 6h Statements h ConfrmsPERSONAL30548D (01/21) v1.0
Primary Account Owner: Wealth ManagementU.S. Bancorp InvestmentsSSN/TIN:Account #:8 Trusted Contact Information (This person should NOT be a joint account owner)If we are unable to reach you in relation to this Account or we believe you may be evidencing signs of diminished capacity or potential elder abusein any form, including fnancial, physical or emotional abuse, you authorize us to contact the person listed below. U.S. Bancorp Investments maypotentially disclose information about you in order to confrm the specifcs of your current situation, including your contact information, healthstatus and to inquire about the identity of any possible legal guardian, executor, trustee or holder of a power of attorney. This person will NOT beauthorized to act on your behalf regarding this Account nor will they be able to access your personal or fnancial information.h I have declined to provide Trusted Contact(s) for this account. To add Trusted Contact(s) to this account at a later date, contact WealthManagement Brokerage Services.Trusted Contact 1NameAddressCityPhone NumberRelationship to Account OwnerStateZIP CodePhone NumberRelationship to Account OwnerStateZIP CodeEmail AddressTrusted Contact 2NameAddressCityEmail AddressPage 5 of 6PERSONAL30548D (01/21) v1.0
Primary Account Owner:[!liWealth ManagementU.S. Bancorp InvestmentsSSN/TIN:9 Signature and Certifcation1. HOLD HARMLESS. The undersigned client understands andagrees that U.S. Bancorp Investments does not, and will not,make recommendations to the undersigned for the purchase orsale of securities and, therefore, agrees not to hold U.S. BancorpInvestments responsible to determine the suitability of trades in theundersigned’s account or for any losses resulting in the account fromorders and instructions given to U.S. Bancorp Investments. Further,the undersigned understands, acknowledges, and agrees that it isthe undersigned’s responsibility to determine the suitability and riskof each transaction entered in the account and specifcally agreesto hold U.S. Bancorp Investments harmless for any such investmentdecisions or losses resulting from the undersigned’s transactions.2. RECEIPT OF DOCUMENTS. I acknowledge that I have received acopy of this application, which includes the Customer Agreement,a copy of the Sweep Program Disclosures, and a copy of ImportantInformation and General Product Acknowledgment. I furtheracknowledge that I have read and understood the terms andconditions contained therein. notifed by the Internal Revenue Service (IRS) that the applicant issubject to backup withholding as a result of a failure to report allinterest or dividends, (c) the IRS has notifed the applicant that theapplicant is no longer subject to backup withholding.g You must cross out (b) above if you have been notifed bythe IRS that you are currently subject to backup withholdingbecause you have failed to report all interest and dividendson your tax return. 3. CUSTOMER AGREEMENT AND ACCOUNT DISCLOSURES.The Terms and Conditions including the pre-dispute arbitrationagreement located on page 3; disclosure 25 contained in theCustomer Agreement and Account Disclosures are part of theapplication document, and applicant agrees to be bound bysuch and as such may be amended from time to time.4. TAXPAYER CERTIFICATION Under penalty of perjury, I certify that:Taxpayer Identifcation Number. The number provided inSection 3 above is the applicant’s correct federal taxpayeridentifcation number. The full legal name provided in Section 3is shown on the applicant’s tax return. Backup Withholding. The person or entity applying for thisaccount is not subject to backup withholding because: (a)Applicant is exempt from backup withholding, or (b) has not beenU.S. Person. Applicant is a U.S. citizen or other U.S. person;or if not a U.S. person, applicant is submitting a U.S. BancorpInvestments Substitute W. The IRS does not require yourconsent to any provision of this document other than thecertifcations required to avoid backup withholding.5. Acknowledgments for clients changing to Self-DirectedBrokerage Account ONLY.I consent to having the free credit balances in my securitiesaccounts included in the U.S. Bancorp Investments SweepProgram and to participation in the Program as detailed in theSweep Account Authorization and Sweep Program Disclosures. Account #: I understand that services available to me throughU.S. Bancorp Investments will become limited and that Iassume all responsibility for trading in the account. I understandthat I can no longer request investment advice and that none willbe given me. I understand that I must conduct all of my own investmentresearch on any existing position or future transactions. Iunderstand that no research will be provided to me byU.S. Bancorp Investments. I understand that I cannot request a U.S. Bancorp Investmentsbroker/representative in a U.S. Bank branch to assist me inany way. I understand that all business must be transacted by me via oneof the following: 1) onlineinvesting.usbank.com, 2) automatedtouch-tone investing for quotes and account balances or 3) bycalling Wealth Management Advisory and Service Center at800.888.4700. I understand and accept the changes to commissions and feesas they may apply to this account conversion.Signature of Primary Account Owner or Responsible PartyDateSignature of Joint TenantDateFor U.S. Bancorp Investments Use OnlyAUTHENTICATION ID. (If required)CENTRAL PRINCIPAL GROUP SIGNATUREIPrimary Transaction #DATEIJoint Transaction #You are encouraged to keep a photocopy of this application. Email to [email protected] or mail to Wealth Management Advisory and Service Center, EP-MN-WS4M, 60 Livingston Ave.,St. Paul, MN 55107.Page 6 of 6PERSONAL30548D (01/21) v1.0
May 1, 2021U.S. Bancorp Investments Client Relationship SummaryU.S. Bancorp Investments, Inc., member FINRA and SIPC (www.sipc.org), is registered with the Securities and Exchange Commission as both abroker-dealer and an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understandthese differences.Additional free and simple tools are available to research firms and financial professionals like ours at investor.gov/crs, which provides educationalmaterials about broker-dealers, investment advisers and investing. If you have questions, please feel free to talk with your Financial Advisor.What investment services and advice can you provide me?We offer both brokerage and investment advisory services to retail investors. Here are the primary differences you would see:Brokerage servicesOur brokerage services include buying and selling mutualfunds, stocks, bonds and other types of individual securitiesin our Full Service or Self Directed brokerage account types.More investment products are available in a Full Serviceaccount compared to a Self Directed account.Our Full Service account allows you to work with a FinancialAdvisor who will provide recommendations from time to timeor at your request. With our Self Directed brokerage accounts,you place trades on your own, either online or by phone (foran additional fee) through the Wealth Management AdvisoryService Center. Online tools and resources are available atno additional cost, but Financial Advisor recommendationsare not provided online. Recommendations are providedthrough our Wealth Management Advisory Service Center,which is available exclusively by phone.We do not monitor your account or investments for you, orprovide ongoing advice, unless we state otherwise in writing,so you should ensure you are reviewing the investments inyour accounts.You make the ultimate decision regarding the purchase or saleof your investments. At U.S. Bancorp Investments, we do notoffer discretionary brokerage accounts, in which your FinancialAdvisor manages your account.We have an evaluation process that considers the breadth anddepth of products, and resources we make available to ourbrokerage clients.There is no account minimum for any of our brokerageaccounts, though certain investment products haveminimum investment amounts.Investment advisory servicesOur advisory services include investment advisory managed accounts (inthe form of wrap accounts), automated investing and, as part of our standardservices, financial planning. Your Financial Advisor will provide ongoingmonitoring and advice for your investments.Investment advisory services are available on both a non-discretionary anddiscretionary basis. In non-discretionary accounts, you make the ultimatedecision regarding the purchase or sale of your investments. If you choosea discretionary relationship, the Investment Advisory Agreement you enterinto with U.S. Bancorp Investments grants us and your Financial Advisor theauthority to make investment decisions on your behalf without discussingthem with you. In certain circumstances, you may limit our discretionaryauthority. For example, we may agree to not purchase certain types ofsecurities for your account. Of course, accounts with restrictions will performdifferently than accounts without restrictions. We also offer discretionaryaccounts managed by third-party asset managers that are not affiliated withU.S. Bancorp Investments. We have an evaluation process that considersthe breadth and depth of products and resources we make available to ourinvestment advisory clients.Some Financial Advisors at U.S. Bancorp Investments only offer InvestmentAdvisory accounts and will refer you to another Financial Advisor if you preferbrokerage products or services.We also offer automated investing through an online discretionary investmentplatform, named Automated Investor. Automated Investor uses the informationyou provide to invest your account assets in a proprietary model of exchangetraded funds selected by the Asset Management Group of our affiliate, U.S. Bank,N.A. Automated Investor only uses exchange-traded funds in its models.Our advisory accounts do have minimum amount requirements; please see thePersonal Portfolios and Automated Investor Wrap brochures for details.Investment and Insurance products and services including annuities are:NOT A DEPOSIT NOT FDIC INSURED MAY LOSE VALUE NOT BANK GUARANTEED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY[ 1 ] Important disclosures provided on page 4.
Whether you invest through a brokerage or an advisory account, we do not limit our platform to particular asset classes, proprietaryinvestments or to investments that result in our receipt of third-party compensation. However, certain investment categories are limitedto proprietary investments and we expect to receive third-party compensation with respect to most of the investments we sell. When werecommend that you open a brokerage account and provide recommendations and other services for your brokerage account, we will beacting as a broker-dealer. When we recommend that you open an advisory account and provide recommendations and advice for your advisoryaccounts, we will be acting as an investment adviser.For additional information, see: Regulation Best Interest Disclosure usbank.com/best-interest See all our Form ADV Part 2 Brochures at https://adviserinfo.sec.gov/firm/brochure/17868– Part 2A of Form ADV (Financial Planning Services) — Advisory Business (Item 4) and Types of Clients (Item 7)– Part 2A Appendix 1 of Form ADV (Personal Portfolios Wrap Brochure) — Services, Fees and Compensation (Item 4.A) and Account Requirements andTypes of Clients (Item 5)– Part 2A Appendix 1 of Form ADV (Automated Investor Wrap Brochure) — The Service (Item 4.A.) and Account Requirements and Types of Clients (Item 5)Here are questions to ask your Financial Advisor to help you understand the services you’ll receive:CONVERSATIONSTARTERS Given my financial situation, should I choose an investment advisory service? Should I choose a brokerageservice? Should I choose both types of services? Why or why not? How will you choose investments to recommend to me? What is your relevant experience, including your licenses, education and other qualifications?What do these qualifications mean?What fees will I pay?Brokerage accountsIn a brokerage account, you generally pay acommission for each stock transaction, markup/markdown for bond transactions and a sales chargefor mutual funds. With Annuities, we are paid by adirect payment from the insurance company. Becausewe earn revenue each time you trade in a brokerageaccount, there is a financial incentive for you to trademore frequently and in larger amounts.Some types of investments, such as mutual funds andannuities, charge ongoing fees that will affect the moneyyou make on your investment over time. We receivecertain ongoing fees from mutual fund companies, suchas 12b-1 fees, in connection with your investments.There are other fees charged to your account. Someexamples include annual fees for brokerage andindividual retirement accounts, transfer, wire fees, andtermination fees. Please refer to the fee schedule anagement/usbi-full-service-fee-schedule.pdf forthese and additional fees.Investment advisory accountsIn an advisory account you pay a negotiable “wrap” fee based on the value ofthe assets in your account (including cash), billed to your account quarterly. Asa firm, we are compensated for our advisory services by the asset-based wrapfee you pay. An advisory wrap account incorporates most of your transaction andadministrative costs into one simple, quarterly fee. We’re also compensated bynetworking rebates, shareholder servicing fee invoice credits and revenue sharingarrangements. In addition, we receive 12b-1 fees from mutual fund companies aspart of your advisory account investments, but we credit these amounts back toyour account.Your asset-based wrap fee pays for third-party providers who manage your assets.The fee also compensates our firm and your Financial Advisor for the trading,monitoring and custodial services you receive. Therefore, a wrap fee is higher thana typical asset-based advisory fee that does not incorporate all your costs. The moreassets that are in your account, the more you will pay us in fees. Therefore, we havean incentive to encourage you to increase the amount of assets in your account.There may be other fees charged, such as exchange fees and transfer taxes, andthe costs of trades executed with or through third-parties. For a list of additional feescharged, please see the Personal Portfolios and Automated Investor Wrap brochures.Some types of investments, such as mutual funds, charge ongoing fees that willimpact the performance of your investment over time.You will pay fees and expenses whether you make or lose money on your investments. Fees and costs will reduce any amountof money you make on your investments over time. Please make sure you understand what fees and costs you are paying.[ 2 ] Important disclosures provided on page 4.
For additional information, see: Full Service Brokerage Fee Schedule nagement/usbi-full-service-fee-schedule.pdf Self Directed Fee Schedule self-directed-investing/brokerage-fees.html Regulation Best Interest Disclosure usbank.com/best-interest See all our Form ADV Part 2 Brochures at https://adviserinfo.sec.gov/firm/brochure/17868– Part 2A of Form ADV (Financial Planning Services) — Advisory Business (Item 4) and Types of Clients (Item 7)– Part 2A Appendix 1 of Form ADV (Personal Portfolios Wrap Brochure) — Services, Fees and Compensation (Item 4.A) and Account Requirements andTypes of Clients (Item 5)– Part 2A Appendix 1 of Form ADV (Automated Investor Wrap Brochure) — The Service (Item 4.A.) and Account Requirements and Types of Clients (Item 5)Here’s a question to ask your Financial Advisor to help you understand the fees you’ll pay:CONVERSATIONSTARTERS Help me understand how these fees and costs might affect my investments. If I give you 10,000 to invest,how much will go to fees and costs, and how much will be invested for me?What are your legal obligations to me when providing recommendations as my broker-dealer or whenacting as my investment adviser? How else does your firm make money and what conflicts of interestdo you have?When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your bestinterest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. Youshould understand and ask us about these conflicts because they can affect the recommendations and investment advice we provide you.Here are some examples to help you understand what this means:1. Proprietary products: Our Financial Advisors may recommend First American Money Market Funds, mutual funds that are advised byU.S. Bancorp Asset Management, Inc., our affiliate. Mutual funds, including First American Money Market Funds, charge their ownmanagement and other fees. If a Financial Advisor recommends one or more of these proprietary products, U.S. Bancorp Investments orits affiliates will receive more compensation than if the advisor recommends non-proprietary products. This creates an incentive for us topromote the sale of proprietary products. Your Financial Advisor is not compensated more to sell proprietary funds. There are limitationsrelated to using proprietary products in investment advisory accounts. Please see our Form ADV, for additional information.2. Third-party payments: As a broker-dealer, we
PERSONAL 30548D (01/21) v1.0 Wealth Management . U.S. Bancorp Investments . 180 . SELF-DIRECTED BROKERAGE ACCOUNT APPLICATION . Call Wealth Management Advisory and Service Ce
