Common use of Accounts Carried as Custodian Clause in Contracts

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 Apex as their Broker-­‐Dealer 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 Apex as their Broker-­‐Dealer 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 investment adviser or Investment Manager, who uses Apex Clearing Broker as their Broker-­‐Dealer Broker-Dealer custodian. The Customer acknowledges that ApexClearing Xxxxxx’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 Wealthfrontof the Customer’s investment adviser, 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 Clearing Broker 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 ApexClearing Broker’s capacity as custodian, Apex Clearing Broker will not verify the accuracy of management fees that the Customer pays to Investment Advisors or Investment Managers investment advisers pursuant to the terms of the Wealthfront Client Account Management Agreement executed between the Customer and Wealthfront Inc., the Customer’s Investment Advisorinvestment adviser. Notwithstanding the foregoing, in the event that the Customer initiates a claim against Apex Clearing Broker in ApexClearing Broker’s capacity as custodial broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with ApexClearing Broker’s defense of such claim.