Frequently Asked Questions (FAQ)US Equity Trading with VMWM

What are the product features?

Minimum initial funding to begin investing US$2,000

Minimum trade size No minimum order limit

VMWM Commission Rate 1% of trade value

Other Trade Fees Exchange fees…..as applicable depending on the exchange

Other Fees Wire transfer/ACH fees (dependent on client’s banking relationship – average US$40)

Custody of Securities Interactive Brokers

Online Access? Yes

How will I make my investments?VM Wealth has partnered with International Brokers (IB) to facilitate the US Equity Trading process. Investments will be made online via the IB portal. You will have complete control over your buy/sell decisions and timing of execution. Who is Interactive Brokers?Interactive Brokers is a US entity that employs 880 persons worldwide. It has been in operation since 1977 and has offered US equities and trading platform solutions since 1995. IB is publicly traded and has approximately 400 introducing brokers and 280,000 Clients.

IB is investment grade rated BBB+ with a positive outlook by S&P (effective November 22, 2017). S&P’s December 2018 analysis cited IB’s strengths as very strong capitalization, growing, geographically diverse, low-cost brokerage business with a modest risk appetite.

How will I deposit cash to invest?There are two (2) options for this. You may send funds directly to IB via:

1. Wire transfer2. ACH transfer3. Cheque4. Online bill payment

Alternatively, you may deposit cash to your VMWM account and instruct VMWM to send your funds through to IB on your behalf.

How will I cash out my investments?Make your withdrawal requests on the online trading platform to your desired bank or brokerage account in the name of the account holder.

Who can invest?New and existing VM Wealth Clients. This product is suitable for investors with an appetite for risk. Clients

will make their investments independently. As such, investors should be comfortable with online platforms and with trading equities.

How can I get support?Contact the VMWM team or contact IB directly.

Contact information for VMWM Client ServicesTel: (876) 960-5000Email: vmwmclientservices@myvmgroup.com

Contact information IB Client Services:United States1 (877) 442-2757 Toll Free1 (312) 542-6901 Direct Dial07:00 - 19:00 (Mon - Fri) (America/Bogota)12:00 - 18:00 (Sun) (America/Bogota)

Existing Clients as well as Clients in the application phase may submit formal inquiries via the Message Centre located within Account Management or via the link below. Inquiries originating from either method will be responded to through the Message Centre. However, communication preferences may be set to receive a response copy via email.

Does IB o�er Live Chat for assistance?Yes. https://www.interactivebrokers.com/en/index.php?f=1560&p=chat

How will I purchase/access this product?Online via the IB trading platform or at any VMWM location.

Client signup will be done by VMWM’s Client Services team and thereafter, Clients will have full access to the online platform, including funding and withdrawing directly to/from the platform.

Will VMWM provide me with recommendations?VMWM will be monitoring a universe of 15 stocks for which we will provide analysis. Clients are free to trade

the wider universe of securities based on their own assessments. There are several subscription research services available via the IB platform, accessible to Clients.

Am I able to access company’s analysis?Yes. VMWM will provide analysis on the fifteen (15) covered stocks on our recommended list.

Will my US Equities holdings be a part of my VMWM statement?All US Equities holdings will be included in the quarterly statement sent to Clients.

How will I know how to navigate the platform?Platform is intuitive and user friendly. Training materials are provided online and includes documents, videos and webinars as well as live support via phone or online chat.

How secure is the IB Platform?IB uses bank-level security technology to fully protect your private account information through multi-layered security features and the strongest data encryption available. Usernames and passwords are encrypted with Triple Data Encryption Standards (3DES) and nCipher hardware encryption. Data in transit is encrypted using TLS1.2 protocol.

Any information imported regarding an outside account will be maintained in accordance with IB’s Privacy Policy.

Can I trade other assets (commodities, cryptocurrency) on the IB Platform?Not at this time.

Are the prices quoted on the platform real time?To see live market data, you must subscribe to a live market data package through IB’s Client Portal Management. To do so, choose ‘Settings’ followed by ‘User Settings’, then under ‘Trading Platforms’ select the Configure (gear) icon next to ‘Market Data Subscriptions’. To view other services that you may be interested in, select the Configure (gear) icon next to ‘Current Subscriptions’.

If you do not subscribe to real time data, you will receive free delayed data when available and you will still be able to trade.

Am I subjected to dividend tax?The US imposes the same tax withholding rates for both dividends and payments in lieu for non-US taxpayers. The default rate is 30%; however, a lower rate may be applied if you qualify for the benefits of a US tax treaty.

How do I open an account?If you’re already a Client, indicate your interest in opening a US Equity trading account. You will receive an email with account opening instructions.

If you’re not a Client, visit a VMWM branch to complete account opening documents.

What documents will be required to open an account?The following documents are required to open a VMWM account:

1. Client Agreement Form2. Account Opening Form3. Copy of your government issued photo identification 4. Copy of your TRN5. Proof of Address6. Proof of Income7. Two (2) Character References8. Electronic Indemnity Form

To open the IB account, you will need to provide:

1. Copy of your government issued identification to include date of birth 2. Proof of address (utility bill, bank statement, mortgage statement, credit card statement, signed letter from bank on letterhead)3. Social Security Number (SSN) for US citizens4. For non-US citizens, proof of identity and date of birth (passport, national ID, driver’s license)5. Your employer’s name, address and phone number6. Bank of 3rd party broker account numbers for funding purposes, plus routing number for cheque deposits

Benefits1. Access to global equity markets.2. Ability to diversify funds out of Jamaican stocks, facilitating hedging against depreciation of the Jamaican dollar while still investing in equities. 3. Ability to invest in US funds that provide global exposure. 4. Ability to diversify investment exposure away from the local economy. 5. Connect to accounts remotely, offering greater control. 6. Potential for greater returns, as investors will be able to explore more complex strategies that can generate higher returns. Long-term real rates of return for equities have historically been high in comparison to other asset classes.7. Low commission rates.8. An alternative to the local equity market. 9. Wide selection of stocks, offering the potential for greater diversification. 10.Hedge against inflation and adverse exchange rate movements. On average, equities provide an inflation hedge over very long time periods.11.Greater market liquidity than the local equity market.

Risks1. The stock market may experience wide swings in either direction, resulting in large gains or losses on principal invested.2. Geopolitical risks may send stock markets into a tailspin, should they escalate.3. The US economy is at risk of entering a recession over the near- to medium-term, which could have a dampening effect on the stock market.4. The market cycle is unpredictable. Although trends and early warning indicators can be observed, the timing and severity of downturns cannot be predicted.

What are the features of the platform?• Web-based platform accessible from a computer or hand-held device. • Built in customizable edit checks to prevent over-buying/over-selling restricted stock or unauthorized activity. • Ability to purchase stocks on margin, built in margin lending, stock shorting and option trading with real time margin requirement displayed. • Integrated stock borrows lists indicating if a stock can be shorted automatically. • Investor access to stock research reports with guidance about stock recommendations. • Provision of live news about stocks. • Seamless integration of market data, news and charting. • Customizable watch lists & user-defined custom view. • Access to real-time account information such as value of portfolio (gains, losses, buying power, etc), previous transactions made and ability to place trades online with real-time trading reports. • Ability to test strategies and ideas using a virtual portfolio with real market data, allowing investors to gain some experience before risking any capital. • Commission summary. • Trade allocation. • Online stock record by symbol.• Real-time trading reports.• Watch list with user-defined custom view.

Frequently Asked Questions (FAQ) cont’dUS Equity Trading with VMWM

How will I make my investments?VM Wealth has partnered with International Brokers (IB) to facilitate the US Equity Trading process. Investments will be made online via the IB portal. You will have complete control over your buy/sell decisions and timing of execution. Who is Interactive Brokers?Interactive Brokers is a US entity that employs 880 persons worldwide. It has been in operation since 1977 and has offered US equities and trading platform solutions since 1995. IB is publicly traded and has approximately 400 introducing brokers and 280,000 Clients.

IB is investment grade rated BBB+ with a positive outlook by S&P (effective November 22, 2017). S&P’s December 2018 analysis cited IB’s strengths as very strong capitalization, growing, geographically diverse, low-cost brokerage business with a modest risk appetite.

How will I deposit cash to invest?There are two (2) options for this. You may send funds directly to IB via:

1. Wire transfer2. ACH transfer3. Cheque4. Online bill payment

Alternatively, you may deposit cash to your VMWM account and instruct VMWM to send your funds through to IB on your behalf.

How will I cash out my investments?Make your withdrawal requests on the online trading platform to your desired bank or brokerage account in the name of the account holder.

Who can invest?New and existing VM Wealth Clients. This product is suitable for investors with an appetite for risk. Clients

will make their investments independently. As such, investors should be comfortable with online platforms and with trading equities.

How can I get support?Contact the VMWM team or contact IB directly.

Contact information for VMWM Client ServicesTel: (876) 960-5000Email: vmwmclientservices@myvmgroup.com

Contact information IB Client Services:United States1 (877) 442-2757 Toll Free1 (312) 542-6901 Direct Dial07:00 - 19:00 (Mon - Fri) (America/Bogota)12:00 - 18:00 (Sun) (America/Bogota)

Existing Clients as well as Clients in the application phase may submit formal inquiries via the Message Centre located within Account Management or via the link below. Inquiries originating from either method will be responded to through the Message Centre. However, communication preferences may be set to receive a response copy via email.

Does IB o�er Live Chat for assistance?Yes. https://www.interactivebrokers.com/en/index.php?f=1560&p=chat

How will I purchase/access this product?Online via the IB trading platform or at any VMWM location.

Client signup will be done by VMWM’s Client Services team and thereafter, Clients will have full access to the online platform, including funding and withdrawing directly to/from the platform.

Will VMWM provide me with recommendations?VMWM will be monitoring a universe of 15 stocks for which we will provide analysis. Clients are free to trade

the wider universe of securities based on their own assessments. There are several subscription research services available via the IB platform, accessible to Clients.

Am I able to access company’s analysis?Yes. VMWM will provide analysis on the fifteen (15) covered stocks on our recommended list.

Will my US Equities holdings be a part of my VMWM statement?All US Equities holdings will be included in the quarterly statement sent to Clients.

How will I know how to navigate the platform?Platform is intuitive and user friendly. Training materials are provided online and includes documents, videos and webinars as well as live support via phone or online chat.

How secure is the IB Platform?IB uses bank-level security technology to fully protect your private account information through multi-layered security features and the strongest data encryption available. Usernames and passwords are encrypted with Triple Data Encryption Standards (3DES) and nCipher hardware encryption. Data in transit is encrypted using TLS1.2 protocol.

Any information imported regarding an outside account will be maintained in accordance with IB’s Privacy Policy.

Can I trade other assets (commodities, cryptocurrency) on the IB Platform?Not at this time.

Are the prices quoted on the platform real time?To see live market data, you must subscribe to a live market data package through IB’s Client Portal Management. To do so, choose ‘Settings’ followed by ‘User Settings’, then under ‘Trading Platforms’ select the Configure (gear) icon next to ‘Market Data Subscriptions’. To view other services that you may be interested in, select the Configure (gear) icon next to ‘Current Subscriptions’.

If you do not subscribe to real time data, you will receive free delayed data when available and you will still be able to trade.

Am I subjected to dividend tax?The US imposes the same tax withholding rates for both dividends and payments in lieu for non-US taxpayers. The default rate is 30%; however, a lower rate may be applied if you qualify for the benefits of a US tax treaty.

How do I open an account?If you’re already a Client, indicate your interest in opening a US Equity trading account. You will receive an email with account opening instructions.

If you’re not a Client, visit a VMWM branch to complete account opening documents.

What documents will be required to open an account?The following documents are required to open a VMWM account:

1. Client Agreement Form2. Account Opening Form3. Copy of your government issued photo identification 4. Copy of your TRN5. Proof of Address6. Proof of Income7. Two (2) Character References8. Electronic Indemnity Form

To open the IB account, you will need to provide:

1. Copy of your government issued identification to include date of birth 2. Proof of address (utility bill, bank statement, mortgage statement, credit card statement, signed letter from bank on letterhead)3. Social Security Number (SSN) for US citizens4. For non-US citizens, proof of identity and date of birth (passport, national ID, driver’s license)5. Your employer’s name, address and phone number6. Bank of 3rd party broker account numbers for funding purposes, plus routing number for cheque deposits

Benefits1. Access to global equity markets.2. Ability to diversify funds out of Jamaican stocks, facilitating hedging against depreciation of the Jamaican dollar while still investing in equities. 3. Ability to invest in US funds that provide global exposure. 4. Ability to diversify investment exposure away from the local economy. 5. Connect to accounts remotely, offering greater control. 6. Potential for greater returns, as investors will be able to explore more complex strategies that can generate higher returns. Long-term real rates of return for equities have historically been high in comparison to other asset classes.7. Low commission rates.8. An alternative to the local equity market. 9. Wide selection of stocks, offering the potential for greater diversification. 10.Hedge against inflation and adverse exchange rate movements. On average, equities provide an inflation hedge over very long time periods.11.Greater market liquidity than the local equity market.

Risks1. The stock market may experience wide swings in either direction, resulting in large gains or losses on principal invested.2. Geopolitical risks may send stock markets into a tailspin, should they escalate.3. The US economy is at risk of entering a recession over the near- to medium-term, which could have a dampening effect on the stock market.4. The market cycle is unpredictable. Although trends and early warning indicators can be observed, the timing and severity of downturns cannot be predicted.

What are the features of the platform?• Web-based platform accessible from a computer or hand-held device. • Built in customizable edit checks to prevent over-buying/over-selling restricted stock or unauthorized activity. • Ability to purchase stocks on margin, built in margin lending, stock shorting and option trading with real time margin requirement displayed. • Integrated stock borrows lists indicating if a stock can be shorted automatically. • Investor access to stock research reports with guidance about stock recommendations. • Provision of live news about stocks. • Seamless integration of market data, news and charting. • Customizable watch lists & user-defined custom view. • Access to real-time account information such as value of portfolio (gains, losses, buying power, etc), previous transactions made and ability to place trades online with real-time trading reports. • Ability to test strategies and ideas using a virtual portfolio with real market data, allowing investors to gain some experience before risking any capital. • Commission summary. • Trade allocation. • Online stock record by symbol.• Real-time trading reports.• Watch list with user-defined custom view.

Frequently Asked Questions (FAQ) cont’dUS Equity Trading with VMWM

wealthinfo@myvmgroup.com876-960-5000

How will I make my investments?VM Wealth has partnered with International Brokers (IB) to facilitate the US Equity Trading process. Investments will be made online via the IB portal. You will have complete control over your buy/sell decisions and timing of execution. Who is Interactive Brokers?Interactive Brokers is a US entity that employs 880 persons worldwide. It has been in operation since 1977 and has offered US equities and trading platform solutions since 1995. IB is publicly traded and has approximately 400 introducing brokers and 280,000 Clients.

IB is investment grade rated BBB+ with a positive outlook by S&P (effective November 22, 2017). S&P’s December 2018 analysis cited IB’s strengths as very strong capitalization, growing, geographically diverse, low-cost brokerage business with a modest risk appetite.

How will I deposit cash to invest?There are two (2) options for this. You may send funds directly to IB via:

1. Wire transfer2. ACH transfer3. Cheque4. Online bill payment

Alternatively, you may deposit cash to your VMWM account and instruct VMWM to send your funds through to IB on your behalf.

How will I cash out my investments?Make your withdrawal requests on the online trading platform to your desired bank or brokerage account in the name of the account holder.

Who can invest?New and existing VM Wealth Clients. This product is suitable for investors with an appetite for risk. Clients

will make their investments independently. As such, investors should be comfortable with online platforms and with trading equities.

How can I get support?Contact the VMWM team or contact IB directly.

Contact information for VMWM Client ServicesTel: (876) 960-5000Email: vmwmclientservices@myvmgroup.com

Contact information IB Client Services:United States1 (877) 442-2757 Toll Free1 (312) 542-6901 Direct Dial07:00 - 19:00 (Mon - Fri) (America/Bogota)12:00 - 18:00 (Sun) (America/Bogota)

Existing Clients as well as Clients in the application phase may submit formal inquiries via the Message Centre located within Account Management or via the link below. Inquiries originating from either method will be responded to through the Message Centre. However, communication preferences may be set to receive a response copy via email.

Does IB o�er Live Chat for assistance?Yes. https://www.interactivebrokers.com/en/index.php?f=1560&p=chat

How will I purchase/access this product?Online via the IB trading platform or at any VMWM location.

Client signup will be done by VMWM’s Client Services team and thereafter, Clients will have full access to the online platform, including funding and withdrawing directly to/from the platform.

Will VMWM provide me with recommendations?VMWM will be monitoring a universe of 15 stocks for which we will provide analysis. Clients are free to trade

the wider universe of securities based on their own assessments. There are several subscription research services available via the IB platform, accessible to Clients.

Am I able to access company’s analysis?Yes. VMWM will provide analysis on the fifteen (15) covered stocks on our recommended list.

Will my US Equities holdings be a part of my VMWM statement?All US Equities holdings will be included in the quarterly statement sent to Clients.

How will I know how to navigate the platform?Platform is intuitive and user friendly. Training materials are provided online and includes documents, videos and webinars as well as live support via phone or online chat.

How secure is the IB Platform?IB uses bank-level security technology to fully protect your private account information through multi-layered security features and the strongest data encryption available. Usernames and passwords are encrypted with Triple Data Encryption Standards (3DES) and nCipher hardware encryption. Data in transit is encrypted using TLS1.2 protocol.

Any information imported regarding an outside account will be maintained in accordance with IB’s Privacy Policy.

Can I trade other assets (commodities, cryptocurrency) on the IB Platform?Not at this time.

Are the prices quoted on the platform real time?To see live market data, you must subscribe to a live market data package through IB’s Client Portal Management. To do so, choose ‘Settings’ followed by ‘User Settings’, then under ‘Trading Platforms’ select the Configure (gear) icon next to ‘Market Data Subscriptions’. To view other services that you may be interested in, select the Configure (gear) icon next to ‘Current Subscriptions’.

If you do not subscribe to real time data, you will receive free delayed data when available and you will still be able to trade.

Am I subjected to dividend tax?The US imposes the same tax withholding rates for both dividends and payments in lieu for non-US taxpayers. The default rate is 30%; however, a lower rate may be applied if you qualify for the benefits of a US tax treaty.

How do I open an account?If you’re already a Client, indicate your interest in opening a US Equity trading account. You will receive an email with account opening instructions.

If you’re not a Client, visit a VMWM branch to complete account opening documents.

What documents will be required to open an account?The following documents are required to open a VMWM account:

1. Client Agreement Form2. Account Opening Form3. Copy of your government issued photo identification 4. Copy of your TRN5. Proof of Address6. Proof of Income7. Two (2) Character References8. Electronic Indemnity Form

To open the IB account, you will need to provide:

1. Copy of your government issued identification to include date of birth 2. Proof of address (utility bill, bank statement, mortgage statement, credit card statement, signed letter from bank on letterhead)3. Social Security Number (SSN) for US citizens4. For non-US citizens, proof of identity and date of birth (passport, national ID, driver’s license)5. Your employer’s name, address and phone number6. Bank of 3rd party broker account numbers for funding purposes, plus routing number for cheque deposits

Benefits1. Access to global equity markets.2. Ability to diversify funds out of Jamaican stocks, facilitating hedging against depreciation of the Jamaican dollar while still investing in equities. 3. Ability to invest in US funds that provide global exposure. 4. Ability to diversify investment exposure away from the local economy. 5. Connect to accounts remotely, offering greater control. 6. Potential for greater returns, as investors will be able to explore more complex strategies that can generate higher returns. Long-term real rates of return for equities have historically been high in comparison to other asset classes.7. Low commission rates.8. An alternative to the local equity market. 9. Wide selection of stocks, offering the potential for greater diversification. 10.Hedge against inflation and adverse exchange rate movements. On average, equities provide an inflation hedge over very long time periods.11.Greater market liquidity than the local equity market.

Risks1. The stock market may experience wide swings in either direction, resulting in large gains or losses on principal invested.2. Geopolitical risks may send stock markets into a tailspin, should they escalate.3. The US economy is at risk of entering a recession over the near- to medium-term, which could have a dampening effect on the stock market.4. The market cycle is unpredictable. Although trends and early warning indicators can be observed, the timing and severity of downturns cannot be predicted.

What are the features of the platform?• Web-based platform accessible from a computer or hand-held device. • Built in customizable edit checks to prevent over-buying/over-selling restricted stock or unauthorized activity. • Ability to purchase stocks on margin, built in margin lending, stock shorting and option trading with real time margin requirement displayed. • Integrated stock borrows lists indicating if a stock can be shorted automatically. • Investor access to stock research reports with guidance about stock recommendations. • Provision of live news about stocks. • Seamless integration of market data, news and charting. • Customizable watch lists & user-defined custom view. • Access to real-time account information such as value of portfolio (gains, losses, buying power, etc), previous transactions made and ability to place trades online with real-time trading reports. • Ability to test strategies and ideas using a virtual portfolio with real market data, allowing investors to gain some experience before risking any capital. • Commission summary. • Trade allocation. • Online stock record by symbol.• Real-time trading reports.• Watch list with user-defined custom view.