Information about Your DBS Statements and Tax Forms
Digital Brokerage Services, LLC (“DBS”) and Green Pier Fintech LLC (“Green Pier”)
Brokerage services are provided by DBS, which clears all transactions through its affiliate, Green Pier. Green Pier is a member of the Securities Investor Protection Corporation (SIPC). On written request, DBS will provide Green Pier's financial statement, which is also available for inspection at its office.
Where to Make Inquiries
You may contact us at service@plynkinvest.com for any questions or concerns you have with respect to your statements or tax forms.
Statement Mailings
We deliver statements electronically at least four times during the calendar year for any account with a balance.
Statement Discrepancies
Please review your statement and report any inaccuracies or discrepancies. Inquiries, concerns, or questions regarding your brokerage account or the activity therein should be directed to DBS by contacting service@plynkinvest.com. Any oral communications to NFS regarding inaccuracies or discrepancies should be confirmed in writing to protect your rights, including those under the Securities Investor Protection Act (SIPA).
Income Summary
Income is shown by tax status for the statement and year-to-date periods. Except for interest income earned on, or distributed by, tax-exempt securities, DBS reports dividends and capital gains held in taxable accounts as taxable income. A portion of income reported as tax-exempt income may be subject to alternative minimum taxes and/or state and local taxes.
Cost Basis, Gain/Loss, and Holding Period Information
Clearing Firms are required to report certain cost basis and holding period information to the IRS on Form 1099-B. Unless otherwise specified, Green Pier applies the average cost method for open-end mutual funds and applies the first in, first out (FIFO) method for all other securities. Cost basis is adjusted for wash sales on securities with the same CUSIP held in the same account (unless your account receives mark-to-market reporting). Your statement may not reflect all adjustments required for tax purposes. Customers should consult their tax advisors for further information.
Tax Forms
Your official tax forms will be posted as a PDF to your app. Neither DBS nor Green Pier send paper tax forms for purposes of tax return preparation.
Mutual Funds and Performance
Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Contact DBS for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit Fidelity.com/performance for the most recent month-end performance.
Sales Loads and Fees
DBS undertakes to offer only load-waived funds on its platform; all funds are load waived on their initiation in the DBS platform. However, you should know that this feature is subject to change, and there may be instances when your purchases are subject to sales loads. Moreover, each fund reserves the right to terminate or modify its exchange privilege in the future. In connection with (i) the access to, purchase or redemption of, and/or maintenance of positions in mutual funds and other investment products, such as alternative investments or private placements (“funds”); or (ii) the infrastructure needed to support such funds; some funds, or their investment affiliates, pay DBS and/or Green Pier.
12b-1 fees. These fees, along with additional compensation in the form of revenue sharing for shareholder services, start-up fees, infrastructure support and maintenance, and marketing, engagement, and analytics programs, are described in the Offering Materials. DBS offers funds that pay revenue sharing to DBS and offers certain funds that do not pay revenue sharing. Additional information about the sources and amounts of compensation, as well as other remuneration received by DBS or NFS, will be furnished to you on written request.
Additional Information about Your Brokerage Account, if Applicable
If your free credit balance is swept to a core position, you can liquidate the core position and have the proceeds sent to you or held in your account, subject to the terms of your account agreement. Required rule 10b-10(a) information not contained herein will be provided on written request.
Equity Dividend Reinvestment
Shares that are credited to your account have resulted from transactions by DBS acting as agent for your account or by the Depository Trust Company (DTC).
Price Information/Total Market Value
The total market value represents prices obtained from various sources and may be affected by the frequency with which such prices are reported; such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes, but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates may be based on certain minimum principal amounts (e.g., $1 million) and may not reflect all the factors that affect the value of the security, including liquidity risk. The prices provided are not firm bids or offers. Certain securities may reflect ”N/A” or “unavailable” where the price for such a security is generally not available from a pricing source. The market value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. You should always request a current valuation for your securities prior to making a final decision or placing an order. .
Executing Orders on the Floor of the NYSE
The floor broker may permit the Designated Market Maker to trade on parity with the order for some or all of the executions associated with filling that order, where such permission would not be inconsistent with the broker’s best execution obligations.
SIPC (Securities Investor Protection Corporation)
Securities in accounts carried by DBS, a Fidelity Investments company, are protected in accordance with the SIPC up to $500,000 (including cash claims that are limited to $250,000). For details, including the SIPC brochure, please see www.sipc.org or call 202-371-8300. Coverage does not protect against a decline in the market value of securities.
Miscellaneous
Miscellaneous Securities held in your account are neither deposits nor obligations of, nor endorsed or guaranteed by, any bank or other depositing institution, nor are they federally insured by the FDIC or any other agency. If you request a reprint of your statement, the disclosure information may not be the same as the information originally provided. To confirm that an authorized direct deposit has been made to your DBS account, contact service@plynkinvest.com.
