CLIENT INFORMATION PROVIDED TO PORTFOLIO MANAGERS. The IAR obtains the necessary financial data from the client and assists the client in setting appropriate investment objectives for the account. The IAR obtains this information by having the client complete an Account Application which is a part of the Account Agreement. In quarterly communications, LPL asks clients to contact the IAR if there have been any changes in the client’s financial situation or investment objective or if they wish to impose any reasonable restrictions on the management of the account or reasonably modify existing restrictions. Because third party Portfolio Strategist’s role is limited to providing Portfolios to LPL, and does not provide individualized discretionary advisory services to MWP clients, LPL generally does not communicate specific client information to third party Portfolio Strategists. Clients should understand that the investment objective selected for the program in the Account Application is an overall objective for the entire account and may be inconsistent with a particular holding and the account’s performance at any time. Client also should be aware that achievement of the stated investment objective is a long-term goal for the account. ITEM 8 CLIENT CONTACT WITH PORTFOLIO MANAGERS LPL does not place any restrictions on a client’s ability to contact and consult with IARs. Because a third party Portfolio Strategist’s role is solely to provide Portfolios to LPL, and not to provide individualized discretionary advisory services to MWP clients, third party Portfolio Strategists generally are not available to be contacted or consulted by MWP clients.
Appears in 4 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
CLIENT INFORMATION PROVIDED TO PORTFOLIO MANAGERS. The IAR Advisor obtains the necessary financial data from the client and assists the client in setting appropriate investment objectives for the account. The IAR Advisor obtains this information by having the client complete an Account Application which is a part of the Account Agreement. In quarterly communications, LPL asks clients to contact the IAR Advisor if there have been any changes in the client’s financial situation or investment objective or if they wish to impose any reasonable restrictions on the management of the account or reasonably modify existing restrictions. Because third party Portfolio Strategist’s role is limited to providing Portfolios to LPL, and does not provide individualized discretionary advisory services to MWP clients, LPL generally does not communicate specific client information to third party Portfolio Strategists. Clients should understand that the investment objective selected for the program in the Account Application is an overall objective for the entire account and may be inconsistent with a particular holding and the account’s performance at any time. Client also should be aware that achievement of the stated investment objective is a long-term goal for the account. ITEM 8 CLIENT CONTACT WITH PORTFOLIO MANAGERS LPL does not place any restrictions on a client’s ability to contact and consult with IARsAdvisor or LPL. Because a third party Portfolio Strategist’s role is solely to provide Portfolios to LPL, and not to provide individualized discretionary advisory services to MWP clients, third party Portfolio Strategists generally are not available to be contacted or consulted by MWP clients.
Appears in 3 contracts
Samples: Account Agreement, Account Agreement, Account Agreement