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Marketing Rule

Learn more about the compensated referral arrangement between Amplify and CUSO Financial Services, L.P.

In November 2022, the SEC adopted a new rule (“Marketing Rule”) that addresses the disclosure of conflicts of interest for a compensated referral arrangement. As this new rule affects the Financial Services Agreement (FSA) between Amplify and our financial services providers at CUSO Financial Services, L.P. (CFS*), we wanted to provide our members with additional information to aid in their selection process.

The Credit Union is not a current investment client of CFS and is not affiliated with CFS.

The Credit Union will receive compensation from CFS if you establish an investment advisory account with CFS or engage CFS for financial planning services.

  • The Credit Union will receive up to 40% net of fees, expenses and overhead of the investment advisory fee or financial planning fee that you pay to CFS. The Credit Union will receive this fee for as long as you maintain an investment advisory relationship with CFS.
  • You do not pay a higher investment advisory fee or financial planning fee because of the fee paid to the Credit Union.

The Credit Union has a conflict of interest because it has a financial incentive to recommend that you establish an investment advisory relationship with CFS.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Financial Advisors are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.