Common use of Investment Policy Statement Clause in Contracts

Investment Policy Statement. Betterment provides goal-based investment advice. Client identifies financial goals via the Website and Betterment then provides investment advice specific to each goal via the various features offered to Client through the Interface, some of which are optional. Betterment’s advice for each of Client’s goals is based on Betterment’s investment methodology regarding goal-based asset allocation strategies and certain information and preferences requested by Betterment and provided by Client, including the Investment Strategy, which will serve as the Investment Policy Statement (“IPS”). For some goals or Investment Strategies, Betterment may limit or restrict entirely Client’s ability to direct the goal’s Investment Style or Allocation. Client acknowledges and agrees to the terms and conditions attached hereto for the Smart Beta Portfolio, which may be elected as the Investment Strategy for one or more goals. The IPS may be modified as Betterment adjusts its investment methodology and Client updates Client’s information and preferences via the Interface. For some financial goals and Investment Strategies, Betterment’s recommendations to Client will shift over time, with the recommended Allocation gradually shifting as the term of the goal approaches (i.e., a “glide path”). Client will have the option to enable a feature that automatically adjusts Client’s Allocation to conform to the glide path. If Client elects not to enable this feature, Betterment will not automatically adjust Client’s Allocation based on the passage of time. More information about Betterment’s investment advice and methodologies is available on the Website. Betterment’s goal-based, discretionary investment advice will be based solely on information Client provides via the Interface (or, in certain limited circumstances, by email) in response to the requests Betterment makes via the Interface (or by email). Betterment relies on information provided by Client and cannot be held responsible for

Investment Policy Statement. Betterment provides goal-based investment advice. Client identifies financial goals via the Website and Betterment then provides investment advice specific to each goal via the various features offered to Client through the Interface, some of which are optional. Betterment also provides Client the opportunity to receive from Betterment advice regarding the identification of financial goals based on information that Client provides to Betterment. Betterment’s advice for each of Client’s goals is based on Betterment’s investment methodology regarding goal-based asset allocation strategies and certain information and preferences requested by Betterment and provided by Client, including the Investment Strategy, which will serve as the Investment Policy Statement (“IPS”). For some goals or Investment Strategies, Betterment may limit or restrict entirely Client’s ability to direct the goal’s Investment Style or Allocation. Client acknowledges and agrees to the terms and conditions attached hereto for the Smart Beta Portfolio, which may be elected as the Investment Strategy for one or more goals. Client acknowledges and agrees that Betterment will not evaluate whether an Investment Strategy managed by a third-party provider is suitable for Client’s individual investment objectives. The IPS may be modified as Betterment adjusts its investment methodology and Client updates Client’s information and preferences via the Interface. For some financial goals and Investment Strategies, Betterment’s recommendations to Client will shift over time, with the recommended Allocation gradually shifting as the term of the goal approaches (i.e., a “glide path”). Client will have the option to enable a feature that automatically adjusts Client’s Allocation to conform to the glide path. If Client elects not to enable this feature, Betterment will not automatically adjust Client’s Allocation based on the passage of time. More information about Betterment’s investment advice and methodologies is available on the Website. Betterment’s goal-based, discretionary investment advice will be based solely on information Client provides via the Interface (or, in certain limited circumstances, by email) in response to the requests Betterment makes via the Interface (or by email). Betterment relies on information provided by Client and cannot be held responsible for