Account Authorizations. In the Broker-Dealer Agreement, the Client will authorize a Participating Broker-Dealer to, among other things:
i. provide Advisor and Altruist with access to Account information;
ii. act on the instructions of Altruist or Advisor to (A) implement automatic rebalancing and trading and, if applicable, tax-loss harvesting, and (B) suspend or resume trading in the Client’s Account in the event that Altruist reasonably believes that the Automated Investment Engine may not function as intended or pursuant to some other authorized suspension;
iii. send communications to such combination of Altruist, Advisor and/or the Client, as instructed by the Client consistent with any Platform limitations and Applicable Law;
iv. act on Altruist’s instructions with respect to the payment of fees described in Section 5 below; and
v. act on Advisor’s instructions with respect to payment of Advisor’s fees. The Participating Broker-Dealer will be responsible to (subject to its right to accept or reject any order) act on the trading instructions of Altruist (as agent of Advisor) or the Advisor, with respect to trading in the Client’s Account including selecting, modifying or replacing the Model Portfolio for the Client’s Account. Trading instructions implementing Advisor’s investment discretion, if any, over the Account shall be communicated to a Participating Broker-Dealer by Altruist, as Advisor’s agent, via the Automated Investment Engine and the Platform.
Account Authorizations
