Investment advice in Bank Millennium

- At present few bank customers in Poland decide to go for investments. We want to expand availability of this area to the largest group of customers possible. This is why we are starting the introduction of a fully automated service, targeted i.a. at people who do not invest, do not know how to start or simply do not have the time to follow economic events – Tomasz Brzostowski, Head of Digital Sales Sub-unit in Bank Millennium, said.

In the investment advisory service based on replies to detailed questions concerning i.a. investment goals, financial situation as well as needs of the particular customer an investment recommendation is given. - This greatly facilitates the decision-making process. The customer does not have to seek and compare available products.- adds Tomasz Brzostowski.

Additionally in the bank’s system a simulation is presented, which is based on historical performance of the recommended mutual fund in three scenarios: positive, negative and neutral. This information shows the customer how much his investment would be worth today had he invested a few years ago in the fund recommended and thus allows one to be prepared for various scenarios on financial markets.

In order to make investing available to anyone, Bank Millennium’s offering available in the service involves a low level of deposits, 200 PLN will suffice. Moreover the bank has introduced the possibility of easy management of the investment, including the setting-up of a standing order, thanks to which the amount specified will be automatically transferred to the account of the investment product selected, which makes regular investing easier. The customer can act on the recommendation and order purchase of the product specified by means of electronic channels. He can also change the goal parameters and get a new recommendation.

Other advantages of the investment advisory service:

• fully automated and transparent process, comprising a few simple steps, available in digital channels;
• does not require advanced awareness of investment products and extensive knowledge about investing;
• many different investment goals may be set-up; for each of them the customer will define a name and investment period;
• after filling-out the questionnaire and concluding an agreement with the bank the customer may get a recommendation to purchase one of the Millennium TFI funds available in the investment advisory service. The recommendation is issued for each goal independently;
• the customer can monitor his goals in the Millenet online system and in the mobile app, he also has permanent access to his money – and in the service of accepting and sending orders he can order exchange or repurchase of all or part of the investment;
• the service is free-of-charge, the customer will not be charged for the recommendation or placing an order in keeping with the recommendation issued or for processing standing orders in the service of accepting and sending orders;
• the service has been prepared by qualified experts and is monitored by them on an ongoing basis.

The bank is planning to soon introduce also monitoring of the customer’s goals whereby in specific cases a recommendation update will be issued, thus the customer will have advisory support not only at the outset but indeed during the entire life of the investment.

Disclaimer:
All and any information contained in this COMMERCIAL PUBLICATION is for information purposes only and does not constitute an offer in the meaning of the Civil Code of 23 April 1964, or a recommendation or an invitation addressed to anyone (or any group of persons whatsoever) to conclude a transaction involving the financial instruments presented herein.

Detailed information regarding the investment advisory service as well as its model and terms of its provision are stipulated in the Investment Advisory Service Regulations.

An investment recommendation is not a guarantee of attaining the goal assumed, nor of obtaining a specific investment result. The funds do not guarantee attainment of the investment goal nor a specific investment result. The Bank shall not be liable for customers’ decisions related to investing in mutual funds managed by Millennium Towarzystwo Funduszy Inwestycyjnych S.A., with respect to which the Bank issues investment recommendations. The Customer shall always autonomously take decisions to invest in a particular mutual fund, even after obtaining a Recommendation from the Bank. Any investment decision should be taken by the Customer on the basis of information contained in prospectuses as well as the Key Investor Information Document (KIID), Ex-Ante report as well as in the “Description of risk involved with financial instruments and products for individuals in in Bank Millennium S.A.”

Dissemination and distribution of certain financial instruments or products as well as trading in them may be subject to restrictions with respect to certain persons and states, as per relevant legislation. Offering financial instruments and trading in them may be made only in compliance with relevant legal regulations.

Money invested in Millennium mutual funds is not protected by the Bank Guarantee Fund guarantee scheme, in keeping with Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution of 10 June 2016.

In the stage of selecting the participation units of a particular sub-fund, with the Customer’s replies in the Investment Questionnaire in mind, the Bank provides information each time, whether the sub-fund is consistent with his features, goals and needs. In case of inconsistency or incomplete consistency of the product with the Customer’s features, goals and needs, the Bank shall give relevant warning and will not recommend to the customer to buy the particular sub-fund.

Details regarding fees are available in the Millennium TFI Fees Table. Any and all information and documents mentioned above are available on the Bank’s website www.bankmillennium.pl in the MiFID and Investment Advice sections.