Common use of Responsibilities of Client Clause in Contracts

Responsibilities of Client. The client agrees to provide information regarding income, investments, income tax situation, estate plan, and other pertinent matters as requested by Advisor from time to time. The Client also agrees to discuss needs and goals and future needs candidly with Advisor and to keep Advisor informed of changes in the Client’s situation, needs, and goals. The Client acknowledges that Advisor cannot adequately perform its services on the Client’s behalf unless the Client performs such responsibilities on his/her part and that Advisor’s analysis and financial planning suggestions are based on the information provided by the Client. The Client agrees to permit Advisor to consult with and obtain information about the Client from the Client’s accountant, attorney, and other advisors. Advisor shall not be required to verify any information obtained from the Client, Client’s attorney, accountant or other advisors and is expressly authorized to rely thereon. The Client is free at all times to accept or reject any suggestions from Advisor and the Client acknowledges that the client has the sole authority with regard to implementation.