Common use of Duty to Monitor Clause in Contracts

Duty to Monitor. You must monitor and determine the best cash sweep for you under this program. You may also elect not to participate in the Cash Sweep Program and instead periodically invest cash balances directly. By signing the New Account Application, you authorize us to accept instructions from your Advisor to make changes to your sweep election. Benefits to Us: Fees are charged and certain benefits may be received by us, the Clearing Firm, Program Banks, and their affiliates under the different sweep vehicles. Because of these fees and benefits, we and the Clearing Firm have a financial incentive to select the particular sweep vehicles included in our program and recommend that you hold assets in the Cash Sweep Program.

Duty to Monitor. You must monitor and determine the best cash sweep for you under this program. You may also elect not to participate in the Cash Sweep Program and instead periodically invest cash balances directly. By signing the New Account Application, you authorize us to accept instructions from your Advisor to make changes to your sweep election. Benefits to Us: Fees are charged and certain benefits may be received by us, the Clearing Firm, Program Banks, and their affiliates under the different sweep vehicles. Because of these fees and benefits, we and the Clearing Firm have a financial incentive to select the particular sweep vehicles included in our program and recommend that you hold assets in the Cash Sweep Program.sweep

Duty to Monitor. You must monitor and determine the best cash sweep for you under this program. You may also elect not to participate in the Cash Sweep Program and instead periodically invest cash balances directly. By signing the New Account Application, you authorize us to accept instructions from your Advisor to make changes to your sweep election. Benefits to Us: Fees are charged and certain benefits may be received by us, the Clearing Firm, Program Banks, and their affiliates under the different sweep vehicles. Because of these fees and benefits, we and the Clearing Firm have a financial incentive to select the particular sweep vehicles included in our program and recommend that you hold assets in the Cash Sweep Program.