CUSTODY AND REPORTING. LPL maintains custody of client funds and securities in the Account. During any month that there is activity in the Account, Client will receive a monthly account statement showing account activity as well as positions held in the Account at month end. Additionally, the Client will receive a confirmation of each transaction that occurs within the Account unless the transaction is the result of a systematic purchase, systematic redemption, or systematic exchange. The Client will also receive from LPL detailed quarterly performance reports describing account performance, positions and activity. An additional year-end report will be provided for accounts not established on a calendar quarter basis. To the extent permissible by state and federal law, LPL may elect to deliver account information electronically. Although most securities available to be purchased in the Account are held at LPL, there are certain securities that may be managed as part of the Account that are held at third parties, and not LPL. For example, Variable Annuity, Hedge Fund and Managed Future positions are often held directly with the investment sponsor. For those outside positions, Client will receive confirmations and statements directly from the investment sponsor. LPL may receive information from the investment sponsor regarding the positions (e.g., number of shares held and market value) and display that information on statements and reports prepared by LPL. Such information also may be used to calculate performance in performance reports prepared by LPL. Although LPL believes that the information it receives from the investment sponsors is reliable, Client should refer to the statements and reports Client receives directly from the investment sponsor and compare them with the information provided in any statements or reports from LPL. The statements and reports Client receives from LPL with respect to outside positions should not replace the statements and reports received directly from the investment sponsor. If Client has purchased a Variable Annuity that is part of the Account, Client acknowledges that Client has received the prospectus and is relying solely on the disclosure contained in the prospectus with respect to the terms and conditions of the Variable Annuity. Client understands that certain riders purchased with a Variable Annuity may limit the investment options and the ability to manage the subaccount.
CUSTODY AND REPORTING. For the XXX program, LPL maintains custody of client funds and securities in a separate account for each client under the client’s name. Although most securities available in XXX program accounts are custodied at LPL, there are certain securities managed as part of the account that are held at third parties, and not at LPL. For example, variable annuities, hedge funds and managed futures are often held directly with the investment sponsor. For those outside positions, client will receive confirmations and statements directly from the investment sponsor. The client receives from LPL detailed quarterly performance reports describing account performance and positions. An additional year-end report is provided for accounts not established on a calendar quarter basis. In addition to the quarterly performance reports, LPL transmits to clients trade confirmations and account statements showing all transactions, positions, and all deposits and withdrawals of principal and income. Trade confirmations are not delivered for systematic purchases, systematic redemptions and systematic exchanges. The account statements are sent monthly when the account has had activity or quarterly if there has been no activity. For outside positions not custodied at LPL, LPL may receive information (e.g., number of shares held and market value) from the investment sponsor and display that information on statements and reports prepared by LPL. Such information also may be used to calculate performance in performance reports prepared by LPL. Although LPL believes that the information it receives from the investment sponsors is reliable, LPL recommends that you refer to the statements and reports you receive directly from the investment sponsor and compare them with the information provided in any statements or reports from LPL. The statements and reports you receive from LPL with respect to outside positions should not replace the statements and reports you receive directly from the investment sponsor. Performance information is reviewed for accuracy by the Advisory Services Portfolio Accounting Group at LPL. The review process consists of pricing all positions, reconciling account positions, automatically updating performance records and checking each account’s performance for deviations from other accounts. Performance information is calculated on a uniform and consistent basis using a time-weighted rate of return.
CUSTODY AND REPORTING. Custodian will take and maintain possession of the cash, securities and other assets in the Cash Balance Plan Account. Neither Redhawk nor Program Manager shall have any access to the assets in the Cash Balance Plan Account or to the income produced therefrom, except in the ordinary course of effecting transactions for the Cash Balance Plan Account or oth- erwise performing their obligations under this Agreement. Neither Redhawk nor Program Manager shall be responsible for any acts or omissions of the Custodian. TD will send a statement to Client annually indicating all amounts disbursed from the Cash Balance Plan Account (including the amount of the Fees paid to Redhawk and to the Program Manager), all transactions occurring in the Cash Balance Plan Account during the period covered by the statement, and a summary of the Cash Balance Plan Account positions and portfolio value at the end of the period. Client has di- rected or will direct TD to permit Redhawk and the Program Manager to electronically view and download account information.
CUSTODY AND REPORTING. A. DAF assets are invested in one of the Foundation’s main investment pools (funds) at the discretion of the Foundation’s Investment Committee.
B. DAF values are updated regularly and the previous month’s balances may be obtained online on the Foundation’s secure website or during business hours by calling the Foundation office.
C. Donors will receive monthly statements reconciling beginning and ending market values and showing all receipts, disbursements and fees. These reports will be sent within 20 business days of the end of the month. Statements are also available online.
CUSTODY AND REPORTING. LPL maintains custody of Account funds and securities in a separate account for each client under the client’s name. If client so elects in the Account Application, Clients will not receive a confirmation of the transactions that occur within the Account, and confirmation details for the transactions will be displayed on the brokerage statement. The client may request to receive confirmation statements by contacting his or her IAR and may rescind the election at any time upon written notice to LPL. The brokerage statements show all transactions, positions, and all deposits and withdrawals of principal and income. The client will also receive a detailed quarterly performance report. Performance information is reviewed for accuracy by the Advisory Services Portfolio Accounting Group at LPL. The review process consists of pricing all positions, reconciling account positions, automatically updating performance records and checking each account’s performance for deviations from other accounts. Performance information is calculated on a uniform and consistent basis using a time-weighted rate of return.
