Common use of Delegation of Investment Responsibility Clause in Contracts

Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your IRA to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We shall follow the direction of any such party who is properly appointed and we shall be under no duty to review or question, nor shall we be responsible for, any of that party’s directions, actions or failures to act. We have the right to rely on any representations and/or warranties made by your Account Representative in connection with any sale or purchase on behalf of your account, including but not limited to representations with regard to prohibited transactions and suitability requirements. Said Representative may be a registered representative of a broker/dealer organization, a financial advisor or any other person as may be acceptable to you. The Representative shall be your authorized agent and is not the agent of the Custodian. We shall construe all investment directions given by your representative, whether written or oral, as having been authorized by you. You may appoint and/or remove your representative by written notice to the Custodian provided that the removal of Representative shall not have the effect of canceling any notice, instruction, direction or approval received by the Custodian from the removed Representative before the Custodian received said notice of removal from you.

Appears in 1 contract

Samples: Individual   Retirement   Custodial   Account   Agreement

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Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your SIMPLE IRA to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We shall follow the direction of any such party who is properly appointed and we shall be under no duty to review or question, nor shall we be responsible for, any of that party’s directions, actions or failures to act. We have the right to rely on any representations and/or warranties made by your Account Representative in connection with any sale or purchase on behalf of your account, including but not limited to representations with regard to prohibited transactions and suitability requirements. Said Representative may be a registered representative of a broker/dealer organization, a financial advisor or any other person as may be acceptable to you. The Representative shall be your authorized agent and is not the agent of the Custodian. We shall construe all investment directions given by your representative, whether written or oral, as having been authorized by you. You may appoint and/or remove your representative by written notice to the Custodian provided that the removal of Representative shall not have the effect of canceling any notice, instruction, direction or approval received by the Custodian from the removed Representative before the Custodian received said notice of removal from you.

Appears in 1 contract

Samples: Simple Individual Retirement Custodial Account Agreement

Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your IRA inherited Xxxx XXX to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We shall follow the direction of any such party who is properly appointed and we shall be under no duty to review or question, nor shall we be responsible for, any of that party’s directions, actions or failures to act. We have the right to rely on any representations and/or warranties made by your Account Representative in connection with any sale or purchase on behalf of your account, including but not limited to representations with regard to prohibited transactions and suitability requirements. Said Representative may be a registered representative of a broker/dealer organization, a financial advisor or any other person as may be acceptable to you. The Representative shall be your authorized agent and is not the agent of the Custodian. We shall construe all investment directions given by your representative, whether written or oral, as having been authorized by you. You may appoint and/or remove your representative by written notice to the Custodian provided that the removal of Representative shall not have the effect of canceling any notice, instruction, direction or approval received by the Custodian from the removed Representative before the Custodian received said notice of removal from you.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your IRA Xxxx XXX to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We shall follow the direction of any such party who is properly appointed and we shall be under no duty to review or question, nor shall we be responsible for, any of that party’s directions, actions or failures to act. We have the right to rely on any representations and/or warranties made by your Account Representative in connection with any sale or purchase on behalf of your account, including but not limited to representations with regard to prohibited transactions and suitability requirements. Said Representative may be a registered representative of a broker/dealer organization, a financial advisor or any other person as may be acceptable to you. The Representative shall be your authorized agent and is not the agent of the Custodian. We shall construe all investment directions given by your representative, whether written or oral, as having been authorized by you. You may appoint and/or remove your representative by written notice to the Custodian provided that the removal of Representative shall not have the effect of canceling any notice, instruction, direction or approval received by the Custodian from the removed Representative before the Custodian received said notice of removal from you.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

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Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your IRA Account to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We shall follow the direction of any such party who is properly appointed appointed, and we shall be under no duty to review or question, nor shall we be responsible for, for any of that party’s directions, actions or failures to act. We have the right to rely on any representations and/or warranties made by your Account Representative in connection with any sale or purchase on behalf of your accountAccount, including but not limited to representations with regard to prohibited transactions and suitability requirements. Said Representative may be a registered representative of a broker/dealer organization, a financial advisor or any other person as may be acceptable to you. The Representative shall be your authorized agent and is not the agent of the Custodian. New Direction XXX Inc.. We shall construe all investment directions given by your representativethe Representative, whether written or oral, as having been authorized by you. You may appoint and/or remove your representative the Representative by written notice to the Custodian New Direction XXX Inc. provided that the removal of Representative shall not have the effect of canceling any notice, instruction, direction or approval received by the Custodian New Direction XXX Inc. from the removed Representative before the Custodian New Direction XXX Inc. received said notice of removal from youor removal.

Appears in 1 contract

Samples: Personal Custodial Account Agreement

Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your IRA the Plan to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We shall follow the direction of any such party who is properly appointed party, and we shall be under have no duty to review or question, nor shall are we be responsible for, for any of that party’s directions, actions or failures to act. We have the right to rely on any representations and/or warranties made by your you, the Plan Administrator or Account Representative in connection with any asset sale or purchase on behalf of your accountthe Plan, including but not limited to representations with regard to prohibited transactions and suitability requirements. Said Account Representative may be a registered representative of a broker/dealer organization, a financial advisor advisor, a plan participant managing his or her own Plan account or any other person as may be acceptable to you. The Representative shall be your authorized agent and is not the agent of the Custodianour agent. We shall construe all investment directions given by your representativethe Account Representative, whether written or oral, as having been authorized by you. You may appoint and/or remove your representative the Account Representative by written notice to the Custodian us provided that the removal of an Account Representative shall not have the effect of canceling any notice, instruction, direction or approval received by the Custodian us from the removed Account Representative before the Custodian we received said notice of removal from youor removal.

Appears in 1 contract

Samples: Standardized Adoption Agreement

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