Common use of Agent’s Authority Clause in Contracts

Agent’s Authority. This agreement authorizes Agent to submit certain instructions regarding Client’s ESRA or XXX to Custodian on behalf of Client. This authorization will be applicable to all ESRAs and IRAs identified above, all assets held in such accounts identified above, and for which Agent has been designated. Client hereby authorizes Agent to inquire in, trade, buy, sell or otherwise acquire or dispose of mutual funds, money market funds, stocks, bonds, Exchange Traded Funds (ETFs) and/or any other investment position on behalf of Client. Client hereby authorizes Agent to accept email delivery of prospectuses on behalf of Client. Client understands that a fee may be charged to the account each time a trade is affected. Blooom does not receive any portion of this fee. Agent is also authorized to inquire about and receive information, including without limitation security information, regarding the account(s) or activity or assets in account(s). This Limited Power of Attorney does NOT authorize Agent to deposit funds and assets to the Client’s account(s); or to redeem or withdraw funds or assets from the Client’s account; or to initiate transfers (including inter-broker transfers), rollovers, or other transfers of assets between and among Client accounts. THIS LIMITED POWER OF ATTORNEY DOES NOT AUTHORIZE AGENT TO CHANGE CLIENT’S USERNAME OR PASSWORD, ADD, DELETE OR CHANGE CLIENT OR ACCOUNT INFORMATION, TRANSFER, ROLLOVER OR WITHDRAW FUNDS, OR ARRANGE A LOAN. The Custodian is authorized, but not required to, conduct further inquiry or seek authorization from the Client or to obtain further clarification from Agent or Client regarding any instruction from Agent for Client’s account(s). The Client and Agent acknowledge that all information provided by either of them on this document, or otherwise provided to the Custodian during the application process, is subject to verification, and Client and Agent authorize the Custodian to verify all information through the use of credit agencies or any other customary or reasonable means. Agent shall not make any statements implying that the Custodian has reviewed or approved of Agent, or any recommendations or advice or actions of Agent. Agent has no authority, and shall not make any representations or give any warranties, regarding the Custodian. Agent will comply with all applicable state and federal securities laws. Agent will provide promptly any information reasonably requested by the Custodian concerning Agent’s actions or compliance with this Agreement. This provision shall not be read to imply that the Custodian has any duty to supervise or monitor Agent's actions or compliance with applicable law.