Common use of Account Services Clause in Contracts

Account Services. Creating an Investment Plan. We will provide you with investment advice through an investment plan (“Investment Plan”) that is based on our asset allocation models. Our advice to you takes into consideration your financial goals, your ability to take on risk, your time horizon, earnings power in a range of economic scenarios and other information that you have provided us. Executing the Investment Plan. Should you elect to implement your Investment Plan and have the portfolio as described in your Investment Plan managed on an ongoing discretionary basis by Ellevest, you will separately execute a Folio Services Agreement with Folio Investments, Inc., a registered broker-dealer, open one or more brokerage accounts with Folio under the terms of the Services Agreement authorizing Ellevest to place trades on your behalf as discretionary investment adviser in connection with the Program and formally fund the Program Accounts with cash or other assets acceptable to Ellevest. Ellevest will not commence implementation of your Investment Plan until it receives confirmation that your Program Accounts have been properly established and funded. Ellevest will solely be responsible for implementing your Investment Plan with respect to those assets custodied with Folio in Program Accounts. All of your assets that we manage for your Investment Plan will be held and custodied with Folio in these Program Accounts. These Program Accounts, in turn, will be comprised of one or more sub-accounts that correspond to the specific investment goal or goals set forth in your Investment Plan (collectively, “Goals”). These Goals are merely separate book-entry ledger entries within your Program Accounts and, therefore, they are not separate and distinct accounts for tax or accounting purposes. We will instruct Folio to use exchange-traded funds (“ETFs”), mutual funds and cash equivalents (including, money market funds) to implement the recommendations in your Investment Plan and manage the assets in your Program Account. Folio will provide trade execution, clearance, settlement, custodial, recordkeeping and reporting services to you. You appoint Ellevest as your attorney-in-fact and grant us limited power-of-attorney under this Agreement with discretionary trading authority to effect investment transactions related to the assets in your Investment Plan; however, it does not grant us custody of the assets within the Program Account within the meaning of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). You authorize us, without prior consultation, consent or approval to give instructions to Folio to implement securities transactions for your Investment Plan. Including the ability to: (a) buy, sell and trade ETFs, mutual funds and short-term money-market instruments;

Account Services. Creating an Investment Plan. We will provide you with investment advice through an investment plan (“Investment Plan”) that is based on our asset allocation models. Our advice to you takes into consideration your financial goals, your ability to take on risk, your time horizon, earnings power in a range of economic scenarios and other information that you have provided us. Executing the Investment Plan. Should you elect to implement your Investment Plan and have the portfolio as described in your Investment Plan managed on an ongoing discretionary basis by EllevestXxxxxxxx, you will separately execute a Folio Services Agreement with Folio Investments, Inc.Folio, a registered broker-dealer, open one or more brokerage accounts with Folio under the terms of the Services Agreement authorizing Ellevest to place trades on your behalf as discretionary investment adviser in connection with the Program Program, and formally fund the Program Accounts with cash or other assets acceptable to Ellevest. Ellevest will not commence implementation of your Investment Plan until it receives confirmation that your Program Accounts have been properly established and funded. Ellevest will solely be responsible for implementing your Investment Plan with respect to those assets custodied with Folio in Program Accounts. All of your assets that we manage for your Investment Plan will be held and custodied with Folio in these Program Accounts. These Program Accounts, in turn, will be comprised of one or more sub-accounts that correspond to the specific investment goal or goals set forth in your Investment Plan (collectively, “Goals”). These Goals are merely separate book-entry ledger entries within your Program Accounts and, therefore, they are not separate and distinct accounts for tax or accounting purposes. We will instruct Folio to use exchange-traded funds (“ETFs”), mutual funds and cash equivalents (including, including money market funds) to implement the recommendations in your Investment Plan and manage the assets in your Program Account. Folio will provide trade execution, clearance, settlement, custodial, recordkeeping and reporting services to you. You appoint Ellevest Xxxxxxxx as your attorney-in-fact and grant us limited power-of-attorney under this Agreement with discretionary trading authority to effect investment transactions related to the assets in your Investment Plan; however, it does not grant us custody of the assets within the Program Account within the meaning of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). You authorize us, without prior consultation, consent or approval to give instructions to Folio to implement securities transactions for your Investment Plan. Including the ability to: (a) buy, sell and trade ETFs, mutual funds and short-term money-market instruments;

Account Services. Creating an Investment Plan. We will provide you with investment advice through an investment plan (“Investment Plan”) that is based on our asset allocation models. Our advice to you takes into consideration your financial goals, your ability to take on risk, your time horizon, earnings power in a range of economic scenarios and other information that you have provided us. Executing the Investment Plan. Should you elect to implement your Investment Plan and have the portfolio as described in your Investment Plan managed on an ongoing discretionary basis by EllevestXxxxxxxx, you will separately execute a Folio GSCS Services Agreement with Folio Investments, Inc.GSCS, a registered broker-dealer, open one or more brokerage accounts with Folio GSCS under the terms of the Services Agreement authorizing Ellevest to place trades on your behalf as discretionary investment adviser in connection with the Program Program, and formally fund the Program Accounts with cash or other assets acceptable to Ellevest. Ellevest will not commence implementation of your Investment Plan until it receives confirmation that your Program Accounts have been properly established and funded. Ellevest will solely be responsible for implementing your Investment Plan with respect to those assets custodied with Folio GSCS in Program Accounts. All of your assets that we manage for your Investment Plan will be held and custodied with Folio GSCS in these Program Accounts. These Program Accounts, in turn, will be comprised of one or more sub-accounts that correspond to the specific investment goal or goals set forth in your Investment Plan (collectively, “Goals”). These Goals are merely separate book-entry ledger entries within your Program Accounts and, therefore, they are not separate and distinct accounts for tax or accounting purposes. We will instruct Folio GSCS to use exchange-traded funds (“ETFs”), mutual funds and cash equivalents (including, including money market funds) to implement the recommendations in your Investment Plan and manage the assets in your Program Account. Folio GSCS will provide trade execution, clearance, settlement, custodial, recordkeeping and reporting services to you. You appoint Ellevest Xxxxxxxx as your attorney-in-fact and grant us limited power-of-attorney under this Agreement with discretionary trading authority to effect investment transactions related to the assets in your Investment Plan; however, it does not grant us custody of the assets within the Program Account within the meaning of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). You authorize us, without prior consultation, consent or approval to give instructions to Folio GSCS to implement securities transactions for your Investment Plan. Including the ability to: (a) buy, sell and trade ETFs, mutual funds and short-term money-market instruments;; (b) invest your assets in FDIC-insured savings accounts; and (c) rebalance periodically, the ETF and mutual fund shares, and the proportions in which they are held in your Program Account to conform to the selected asset allocation model, including changes in the list of ETFs and mutual funds. Frequent purchases and sales of ETF and mutual fund shares may cause adverse tax consequences for your Program Account. Ellevest does not provide tax, accounting or legal advice and you should consult with your tax advisor regarding the tax consequences of your investment decisions.