Managed Account Services Sample Clauses

Managed Account Services. In addition to the payroll management services described in section 2, we will also provide to you the following account management services: 3.1 We will open a bank account for you at our bank We reserve the right to change banks without consulting with you 3.2 We will use the bank account to receive money paid by the Local Authority, Social Services or any other funding provider for your care. We will use the money in the account for: • Payment of wages or salary to your Carers • Making payment to Revenue and Customs under the PAYE scheme • Paying for Employer’s Liability Insurance for you • Paying our agreed service fees; and • Paying any bank charges relating to the account • Making other payments on your behalf that have been approved by you or your support worker. If we make such payments for you, you must provide us with an invoice from the supplier of the goods or services for which the payment is made and you will compensate us fully for any loss or damage that we may suffer if you do not provide us with such an invoice or other evidence of payment. 3.3 The money in the bank account will belong to you. We will compensate you for any loss of that money arising from a claim made against us by a third party 3.4 You agree that you will have no access to the bank account. If you want to withdraw money from the account it can only be done with the written permission of the provider of the funds (Local Authority, Social Services or other funding provider). 3.5 You agree that you shall not be entitled to receive any interest payment in respect of the money in the account. We will have the right to keep any such interest payments.

Managed Account Services. A. Roles of ▇▇▇▇▇▇▇▇, your Consultant and other service providers (i) Broker: Broker is the introducing broker on your brokerage account(s). Depending on the program, Broker may be Pershing Advisor Solutions LLC (“PAS”), a ▇▇▇▇▇▇▇▇ affiliate. Broker introduced your Account(s) to Pershing.

Managed Account Services. A. Roles of ▇▇▇▇▇▇▇▇, your Consultant and other service providers (i) Broker: Broker is the introducing broker on your brokerage account(s) (“Account”). Broker introduced your Account(s) to Pershing. (ii) Consultant: Consultant is the investment advisory representative (or others authorized to act on behalf of the Advisor) of the investment advisory firm (the “Advisor”) responsible for, among other things, assisting you in determining your investment objectives, developing a suitable investment plan and selecting one or more suitable investment options for you. (iii) ▇▇▇▇▇▇▇▇: ▇▇▇▇▇▇▇▇ is the sponsor of the Managed360 Program. If you select one or more of the following investment options (“▇▇▇▇▇▇▇▇ Investment Options”), ▇▇▇▇▇▇▇▇ will also serve as your discretionary investment manager: • AdvisorFlex Portfolios™ (“AFP”) • ▇▇▇▇▇▇▇▇ Investment Strategies (“LIS”) • ▇▇▇▇▇▇▇▇ WealthStart Portfolios (“WealthStart”) • ▇▇▇▇▇▇▇▇ Asset Allocation Portfolios (“LAAP”) • ▇▇▇▇▇▇▇▇/American Funds Core Portfolios • Third Party Strategists Portfolios Note: For the SMA investment option, one or more Managers (defined below) serve as your discretionary investment manager(s). ▇▇▇▇▇▇▇▇ evaluates the Managers, Sub-Advisors and Strategists. ▇▇▇▇▇▇▇▇ also evaluates the mutual funds, exchange-traded funds (“ETFs”) and other investment vehicles used for each ▇▇▇▇▇▇▇▇ Investment Option. ▇▇▇▇▇▇▇▇ identifies, evaluates and implements these investment options, and conducts ongoing maintenance. ▇▇▇▇▇▇▇▇, in its sole discretion, may waive Account(s) minimums for the ▇▇▇▇▇▇▇▇ Investment Options. (iv) Managers: Generally, Managers provide discretionary investment management services based on your investment objectives. (v) Model: Model is an asset allocation, or series of combinations of different asset classes.