ADDITIONAL PROVISIONS BASED ON ACCOUNT TYPE Sample Clauses

ADDITIONAL PROVISIONS BASED ON ACCOUNT TYPE a. Advised or Managed Accounts The following provisions apply for all of your accounts managed by an Advisor or Manager. You acknowledge, agree and certify that: • You have separately granted your Advisor and Manager investment discretion and trading authority over your assets held with us. This authority, by itself, implies no power to personally obtain custody or possession of any funds or securities in your account. Unlike an authorization to transfer funds, as described below, we will not be obtaining a copy of the document you executed with your Advisor or Manager granting him/her/them discretion and trading authority over your account. As a result, you agree to advise us immediately if you cancel or modify your grant of authority to your Advisor or Manager. • Your Advisor will be authorized to transfer funds from your account if you have provided us written authorization (which may be provided through electronic means that we find acceptable including certain approvals through our website interfaces for this purpose): (1) to establish a link between your account with us and the account you maintain at a bank for the purpose of transferring monies (bank link); and (2) to allow your Advisor to use the bank link to make transfers from time to time. You authorize us to take all actions that are necessary or incidental to such instructions without obtaining your approval or countersignature with respect to each such transfer. Although we are not required to do so, we may, in our sole discretion, require your authorization in certain circumstances. If we do require your authorization, you agree that we are not liable for any delays in processing a transaction while we await your authorization. • Your Advisor has the authority to receive on your behalf prospectuses for securities purchased for your account when prospectuses are required to be delivered. • Your Advisor has the authority to receive on your behalf notice that a trade confirmation for trades made in your account and statements for your account are available. • Your Advisor has the authority to receive on your behalf notices from us about, without limitation, changes to our services and products, activity in your account (e.g., margin calls), and other notices we are required to provide customers pursuant to rules or regulations, including, but not limited to, changes to the sweep program described in Exhibit 2. • Your Advisor has authority to review and update certain elements of your profile a...
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Related to ADDITIONAL PROVISIONS BASED ON ACCOUNT TYPE

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