Common use of Responsibilities of Advisor Clause in Contracts

Responsibilities of Advisor. Advisor will manage the Account on a discretionary basis, which means Advisor will purchase and sell securities for the Account without first consulting with or obtaining specific authorization from Client. Advisor will invest, monitor, evaluate, rebalance, and trade the Account on an ongoing basis according to the risk tolerance and investment objectives stated in this Agreement. Client understands that some Account(s) may be invested more or less aggressively to achieve the Client’s household goals for all investments. Accounts opened in the future may be opened and managed under this Agreement. Continental also provides non-discretionary services in which case the firm will secure client’s permission prior to effecting securities transactions in non-discretionary accounts. Responsibilities of Client. Client will provide Advisor with accurate and complete information about Client’s risk tolerance and investment objectives and will promptly inform Advisor of any significant changes in that information. Client is responsible for the accuracy and completeness of all information provided to Advisor and for any losses or damages caused by the failure to provide such information to Advisor. Advisor shall not be responsible for any losses or damages that occur as a result of Client’s failure to provide accurate and complete information to Advisor. Client shall not, during the term of this Agreement engage in any transactions in the Account except by notifying Advisor and having Advisor make any such transaction.