Common use of Responsibilities of Advisor Clause in Contracts

Responsibilities of Advisor. Advisor will assist Client in understanding, evaluating and establishing custodial and/or clearing relationships for acquiring, trading, holding or liquidating specific assets the Client has or will be acquiring into their individual, retirement, trust, or corporate managed asset accounts. The Advisor will guide the Client in investment choices and strategies for the specific asset class or investment strategy requested by the Client, which strategy does not encompass the entirety of the Clients investment assets. Advisor shall provide these services to Client on a non-discretionary basis's, meaning that all acquisitions, dispositions of assets and investment strategies within the managed account will be approved by the Client in light of their overall strategy, and that the Advisor has no ability to trade without a general limited power of attorney (LPOA) authority granted to the Advisor by the Client. The Client may request that the advisor execute other actions, but they must be authorized by the Client in writing. The Advisor will require that the Client have direct access to the custodian or clearing firm to view their account or to trade market securities as they desire. The Advisor will monitor the transactions implemented by the Advisor within the Client’s account to confirm that the investments are properly recorded in the account, and will archive in the Client’s file the statements provided to JRL by the brokerage company or custodian. The Advisor will not be generating client statements, either on individual or consolidated positions, on the holdings of the Client. Under the terms of this Limited Service Agreement no Statement of Investment Policy (‘SIP”) will be developed for these accounts as the Advisor and Client have agreed that the assets being managed by the Advisor are merely a part of the Clients overall investment portfolio, and that because of the accredited qualification of the Client, these investments are part of their overall portfolio choices, and in many cases the higher risk strategies. The Advisor will be available to discuss Client's account ("Account") during normal business hours and will contact the Client as soon as possible with information regarding their custodial holdings as requested by the Client. The Advisor will act as an "investment manager" to the account if the Account is subject to the Employee Retirement Income Security Act of 1974 ("ERISA").

Responsibilities of Advisor. Advisor will assist Client in understanding, evaluating and establishing custodial and/or clearing relationships for acquiring, trading, holding or liquidating specific assets the Client has or will be acquiring into their individual, retirement, trust, or corporate managed asset accounts. The Advisor will guide the Client in investment choices and strategies for the specific asset class or investment strategy requested by the Client, which strategy does not encompass the entirety of the Clients investment assets. Advisor shall provide these services to Client on a non-discretionary basis's, meaning that all acquisitions, dispositions of assets and investment strategies within the managed account will be approved by the Client in light of their overall strategy, and that the Advisor has no ability to trade without a general limited power of attorney (LPOA) authority granted to the Advisor by the Client. The Client may request that the advisor execute other actions, but they must be authorized by the Client in writing. The Advisor will require that the Client have direct access to the custodian or clearing firm to view their account or to trade market securities as they desire. The Advisor will monitor the transactions implemented by the Advisor within the Client’s account to confirm that the investments are properly recorded in the account, and will archive in the Client’s file monitor the statements provided to JRL by the brokerage company or custodian. The Advisor will not be generating client statements, either custodian on individual or consolidated positions, on these transactions and any other market security trades as the holdings of Client requests from the ClientAdvisor. Under the terms of this Limited Service Agreement no Statement of Investment Policy (‘SIP”) will be developed for these accounts as the Advisor and Client have agreed that the assets being managed by the Advisor are merely a part of the Clients overall investment portfolio, and that because of due to the accredited qualification of the Client, they are making these investments are as part of their overall higher risk portfolio choices, and in many cases the higher risk strategies. The Advisor will be available to discuss Client's account ("Account") during normal business hours and will contact the Client as soon as possible with information regarding their custodial holdings as requested by the Client. The Advisor will act as an "investment manager" to the account if the Account is subject to the Employee Retirement Income Security Act of 1974 ("ERISA").