Limited Purpose Relationship Sample Clauses

Limited Purpose Relationship. Upon termination of this Services Agreement, unless I advise Xxxxxx Xxxxx otherwise or enter into a new and separate advisory or brokerage account agreement, Xxxxxx Xxxxx will continue to provide limited brokerage services for my Account pursuant to the surviving provisions of this Services Agreement and the Xxxxxx Xxxxx Limited Services Supplement provided herein. This Account will remain in effect until such time as Xxxxxx Xxxxx determines to terminate such limited services, I enter into a new and separate advisory or account agreement with Xxxxxx Xxxxx, I instruct Xxxxxx Xxxxx to transfer the assets in my Account to another custodian (subject to applicable transfer fees), or I instruct Xxxxxx Xxxxx to liquidate all holdings within my Account and mail me a check for any proceeds, less any fees or other obligations owed to Xxxxxx Xxxxx. This Account will function as a self-directed brokerage account with limited account features. I understand and agree that I may receive distributions, liquidate securities in my Account, and withdraw funds from my Account, but I will not have the authority to purchase new securities, or add to existing positions (except for money market funds). If I previously elected optional account features, my Account may become ineligible to participate in such features upon termination of this Services Agreement. I understand and agree that I am solely responsible for reviewing such account features’ terms and conditions, as well as the impact of their termination on my Account. I further understand and agree that upon the termination of this Services Agreement, Xxxxxx Xxxxx shall not be liable or responsible for any impact associated with the termination or modification of features that were previously available to my Account prior to the termination of this Services Agreement. I acknowledge that Xxxxxx Xxxxx will no longer act as a fiduciary to the Account, and I can no longer rely on Xxxxxx Xxxxx to provide advisory services. I also acknowledge that Xxxxxx Xxxxx will not make recommendations regarding the assets within the Account, including with regard to each asset’s disposition. Some mutual funds and/or fund share classes may not be held outside of a Guided Solutions account. In these cases, Xxxxxx Xxxxx will sell those shares for me or will convert the shares into a share class that can be held outside of a Guided Solutions account. Such sales or conversions could result in higher or lower fees and/or expenses than those paid...