Common use of CLIENT ACKNOWLEDGEMENTS Clause in Contracts

CLIENT ACKNOWLEDGEMENTS. Client hereby acknowledges that: (i) Dividends, transfers and sales of securities may create a taxable event, and that services provided under this Agreement do not include legal or tax advice. It is Client’s responsibility to obtain legal, tax and accounting guidance from independent professional sources prior to making any investment decision, including the decision of whether to invest in the Program. (ii) The Program is designed for investors with a long-term investment horizon and that asset withdrawals may impair the achievement of Client’s investment objectives. (iii) It is Client’s responsibility to provide Royal Alliance with updated information if there have been any changes in the information Client previously provided and that Royal Alliance has the right to rely on any such updated information in providing services under this Agreement. (iv) Upon Client request, the Advisory Representative may direct withdrawal of funds from the Client’s Account for remittal to the Account’s address of record.