Accounts Carried as Custodian. In some cases the Customer’s account is being carried by arrangement with the Customer’s Investment Advisor or Investment Manager, who uses you as their Broker-Dealer custodian. The Customer acknowledges that your role as custodian is to hold or custody account assets, distribute or collect funds on behalf of the Customer’s account, execute and clear trades under instruction of the Customer’s Investment Advisor or Investment Manager, generate account statements and provide other custodial services as may be mandated by various regulatory standards and requirements. The Customer understands that in the capacity as custodian, you will not offer investment advice, review the Customer’s accounts, and will have no responsibility for trades made in the Customer’s accounts. Additionally, in your capacity as custodian, you will not verify the accuracy of management fees that the Customer pays to Investment Advisors or Investment Managers pursuant to the terms of the Investment Management Agreement executed between the Customer and the Investment Advisor or Investment Manager. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as custodial broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim.
Accounts Carried as Custodian. In some cases the Customer’s account is being carried by arrangement with the Customer’s Investment Advisor or Investment Manager, who uses Apex as their Broker-‐Dealer custodian. The Customer acknowledges that Apex’s role as custodian is to hold or custody account assets, distribute or collect funds on behalf of the Customer’s account, execute and clear trades under instruction from Wealthfront, generate account statements and provide other custodial services as may be mandated by various regulatory standards and requirements. The Customer understands that in the capacity as custodian, Apex will not offer investment advice, review the Customer’s accounts, and will have no responsibility for trades made in the Customer’s accounts. Additionally, in Apex’s capacity as custodian, Apex will not verify the accuracy of management fees that the Customer pays to Investment Advisors or Investment Managers pursuant to the terms of the Wealthfront Client Account Agreement executed between the Customer and Wealthfront Inc., the Customer’s Investment Advisor. Notwithstanding the foregoing, in the event that the Customer initiates a claim against Apex in Apex’s capacity as custodial broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with Apex’s defense of such claim.
Accounts Carried as Custodian. In some cases the Customer’s account is being carried by arrangement with the Customer’s Investment Advisor or Investment Manager, who uses you as their Broker- Dealer custodian. The Customer acknowledges that your role as custodian is to hold or custody account assets, distribute or collect funds on behalf of the Customer’s account, execute and clear trades under instruction of the Customer’s Investment Advisor or Investment Manager, generate account statements and provide other custodial services as may be mandated by various regulatory standards and requirements. The Customer understands that in the capacity as custodian, you will not offer investment contas do Cliente apenas no Corretor de Introdução do Cliente. O Cliente entende que todos os representantes, funcionários e outros agentes com os quais o Cliente se comunica sobre a conta do Cliente são agentes do Corretor Introduto, e não seus representantes, funcionários ou outros agentes e o Cliente não o responsabilizará de forma alguma por quaisquer perdas de negociação que o Cliente possa incorrer. O Cliente entende que você não é um diretor ou parceiro, e não controla de forma alguma o Corretor Introduto ou seus representantes, funcionários ou outros agentes. O Cliente entende que você não revisará as contas do Cliente e não terá responsabilidade pelas negociações feitas nas contas do Cliente. Você não será responsável ou responsável por quaisquer atos ou omissões do Corretor Introduto ou de seus representantes, funcionários ou outros agentes. Não obstante o precedente, caso o Cliente inicie uma reclamação contra você em sua capacidade como corretor de compensação e não prevaleça, o Cliente será responsável pelos custos e despesas associados à sua defesa de tal sinistro. O Cliente entende que você terá o direito de exercer e aplicar diretamente contra o Cliente todos os direitos concedidos ao Corretor Introduto. 8. Contas realizadas como Custodiante. Em alguns casos, a conta do Cliente está sendo realizada por acordo com o Consultor de Investimentos ou Gerente de Investimentos do Cliente, que o utiliza como custodiante corretor-revendedor. O Cliente reconhece que seu papel como custodiante é xxxxxx ou guardar ativos de conta de custódia, distribuir ou coletar fundos em nome da conta do Cliente, executar e limpar negociações sob instrução do Customer's Investment Advisor ou Investment Manager, gerar demonstrações de conta e fornecer outros serviços de custódia, como pode ser exigido por vários
