Common use of Model Portfolios Clause in Contracts

Model Portfolios. Through the Program, Adviser offers various asset allocation portfolios (the “Portfolios”), which may be developed by Adviser or third-parties, and are designed to allocate assets among ETFs that represent different asset classes, with any cash allocations or excess cash balances swept into and out of an FDIC-insured deposit account opened by the Custodian at a participating bank. Adviser reserves the right to change, in its sole discretion from time to time and without prior notice to Client: (i) the number of Portfolios available through the Program that it deems appropriate to address the investment objectives, investment time horizons, and risk tolerances of its clients; (ii) the ETFs that comprise each of the Portfolios; and (iii) the relative weightings of the ETFs within each of the Portfolios. Adviser further reserves the right to change, in its sole discretion from time to time, upon providing prior notice to Clients, the model provider, if any, from which Adviser obtains any or all Portfolios, and to make Portfolios developed by additional model providers available through the Program. It is agreed that Adviser does not provide any tax or legal advice.