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Discretionary portfolio management

Discretionary portfolio management
Management feeUp to 1.2% (plus Value Added Tax (VAT))
Performance feeAs agreed with the client (plus Value Added Tax (VAT))
Custody fee (1)0.01% of the amount, min. €0.50 per month
Cash transfer from Luminor Investor accountFree
Fee for U.S. source income reporting to IRS (2)90 USD

(1) The custody fee will be calculated daily using the end of day portfolio values and charged on a monthly basis (excluding VAT, where applicable). For any currency conversions to EUR, our partner SAXO bank uses market spot exchange rate adding 0.5% margin on top. A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date which is provided by most Electronic Communication Network (ECN) brokers (e.g. Reuters).
(2) The detailed information on the Annual withholding tax on income earned in USA, can be found here.

Securities Trading in Discretionary portfolio management account
Trading commissions:
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is below 10 USD 0.015 USD per share (min. 14 USD)
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA) when value of one share is above 10 USD0.018 USD per share (min. 14 USD)
Euronext Amsterdam, Euronext Brussels, Euronext Paris, BME Spanish Exchanges, Vienna Stock Exchange, Deutsche BORSE (XETRA), NASDAQ OMX Helsinki, Euronext Lisbon, Borsa Italiana/Milan Stock Exchange0.1% of Trade amount (min. €10)
Deutsche Borse Frankfurt Floor0.35% of Trade amount (min. €60)
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount (min. 29 DKK)
London Stock Exchange (IOB) 0.1% of Trade amount (min. 14 USD)
London Stock Exchange 0.1% of Trade amount (min. 7 GBP)
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50'000 USD25 USD
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50'000 USD0.15% of Trade amount (min. 25 USD)
Oslo Stock Exchange 0.1% of Trade amount (min. 62 NOK)
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount (min. 62 SEK)
SIX Swiss Exchange, SIX Swiss Exchange (Bluechip)0.1% of Trade amount (min. 15 CHF)
Hong Kong Exchange 0.15% of Trade amount (min. 140 HKD)
Commission fee for investing in mutual funds0.25% of the Trade amount
Investing in debt securities0.2% of the transaction value, min. €15
Securities Transfers to/from Discretionary portfolio management account
Financial instruments transfer from other credit institution/broker to Discretionary portfolio management accountFree
Financial instruments transfer from Discretionary portfolio management account to other credit institution/ broker€30 per ISIN