Common use of FDIC INSURED DEPOSIT PROGRAM Clause in Contracts

FDIC INSURED DEPOSIT PROGRAM. Upon establishment of your new account, and all subsequent account(s) opened for you by Woodbury Financial, free credit balances in (i) all retail brokerage accounts, and (ii) Individual Retirement Accounts (IRAs) held with Pershing, will be automatically swept into the FDIC Insured Deposit Program (via a “deposit account”). By executing the Client Signature Page of the Customer Agreement, you appoint Woodbury Financial’s clearing firm, Pershing, as your authorized agent to establish and maintain on your behalf a deposit account with one or more banks participating in the program (“Program Banks”), which are all FDIC insured depository institutions. To view a list of Program Banks and current program interest rates, please visit the Woodbury Financial website, at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ – Click on “Disclosures” and then one of the three categories offered in the FDIC Insured Deposit Program, as described below. You may also contact your Financial Advisor, or contact Woodbury Financial, at (▇▇▇) ▇▇▇-▇▇▇▇ to obtain this information.

FDIC INSURED DEPOSIT PROGRAM. Upon establishment of your new account, and all subsequent account(s) opened for you by Woodbury Financial▇▇▇▇▇▇▇▇, free credit balances in (i) all retail brokerage accounts, and (ii) Individual Retirement Accounts (IRAs) held with Pershing, will be automatically swept into the FDIC Insured Deposit Program (via a “deposit account”). By executing the Client Signature Page of the Customer Agreement, you appoint Woodbury Financial’s ▇▇▇▇▇▇▇▇’ clearing firm, Pershing, as your authorized agent to establish and maintain on your behalf a deposit account with one or more banks participating in the program (“Program Banks”), which are all FDIC insured depository institutions. To view a list of Program Banks and current program interest rates, please visit the Woodbury Financial website, at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ – Click on “Disclosures” and then one of the three categories offered in the FDIC Insured Deposit Program, as described below. You may also contact your Financial AdvisorProfessional, or contact Woodbury Financial▇▇▇▇▇▇▇▇, at (▇▇▇800) ▇▇▇-▇▇▇▇ 800‐2638 to obtain this information.