Conversation Starters
Ask your financial professional
Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?
Additional Information
For additional information, please see Neuberger Berman Canada ULC’s (“Neuberger Canada”) ADV Part 2A brochure at http://www.nb.com/adv_part_2A_nbc/ , Neuberger Canada’s ADV Part 2B and, as applicable, Neuberger Canada’s ERISA 408(b)(2) disclosure as provided to you, and the terms of any agreement between you and Neuberger. If you would like additional, up-to-date information or a copy of this disclosure, please call 212-476-9000.
Conversation Starters
Ask your financial professional
As a financial professional, do you have any disciplinary history? For what type of conduct?
If you need information regarding Neuberger Canada in connection with the CDI strategies, please see its Form CRS at http://www.nb.com/form_CRS_nbia_nbbd/ and its Form ADV Part 2A at www.nb.com/adv-part-2a .
All information is current as of the date of this material and is subject to change without notice. Certain products and services may not be available in all jurisdictions or to all client types. Indexes are unmanaged and are not available for direct investment. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.
Neuberger Berman Investment Advisers LLC (“Neuberger IA”) is a registered investment adviser. Neuberger Berman BD LLC is a registered broker-dealer and member FINRA/SIPC. Tax, trust and estate planning are services offered by Neuberger Trust Company. “Neuberger Trust Company” is a trade name used by Neuberger Trust Company N.A. and Neuberger Trust Company of Delaware N.A., which are affiliates of Neuberger Berman Group LLC.
The “Neuberger” name and logo are registered service marks of Neuberger Berman Group LLC.
Conversation Starters
Ask your financial professional
How might your conflicts of interest affect me, and how will you address them?
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we (and our advisory affiliates) make money creates some conflicts with your interests. You should 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.
Examples of Ways We Make Money and Conflicts of Interest.
For a more detailed list of potential conflicts of interest that can impact how we render advice, please see our Conflict Disclosures at www.nb.com/conflicts-disclosure-nbc . Please also refer to Neuberger IA’s Conflict Disclosures at http://www.nb.com/conflicts_disclosure_nbia/ . Proprietary Products: the “CDITM” strategies managed by Neuberger Canada are proprietary strategies. As we are generally compensated based on revenues generated, this creates an incentive for us to allocate clients assets to more expensive strategies, even where such strategies do not have the best performance.
Conversation Starters
Ask your financial professional
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 fees will I pay?
Generally fees are charged on the market value of client assets in each account and calculated and paid quarterly in advance. The market value of the securities in each account for purposes of determining the following quarter’s advisory fee is calculated as of the close of trading on the last business day of each quarter. For “CDITM” SMAs, retail clients are charged an annual investment advisory fee that generally ranges between 0.450% and 1.200%. The investment advisory fee is charged by and paid to our affiliate, Neuberger IA.
Other Fees and Costs - With the exception of advisory clients investing through retirement accounts, clients will generally be subject to the underlying fees and expenses of the products purchased in their accounts. In addition, retail investors will generally incur other fees and expenses associated with their account, including, but not limited to, custodial fees and expenses (where the custodian is selected by the client), transfer taxes, and electronic fund, wire and other account transfer fees.
Additional Information - Because we are generally compensated based on the revenues generated from investors, this creates an incentive for us to encourage investors to increase the amount of assets invested and to recommend or allocate to products and strategies that will increase our compensation. Please see “Examples of Ways We Make Money and Conflicts of Interest” below.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
For additional information, please see each of Neuberger Canada’s and Neuberger IA’s ADV Part 2A brochure (Items 5.A., B., C., and D.) at http://www.nb.com/adv_part_2A_nbc and http://www.nb.com/adv_part_2A_nbia/, respectively, each of Neuberger Canada’s and Neuberger IA’s ADV Part 2B and, as applicable, ERISA 408(b)(2) disclosure as provided to you, and the terms of any agreement between you and Neuberger.
Conversation Starters
Ask your financial professional
How might your conflicts of interest affect me, and how will you address them?
Conversation Starters
Ask your financial professional
Given my financial situation, should I choose an investment advisory service? 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?