Common use of Election to Receive Periodic Statements; Transaction Confirmations and Account Statements Clause in Contracts

Election to Receive Periodic Statements; Transaction Confirmations and Account Statements. By entering into this Agreement, Client hereby agrees that in lieu of receiving transaction-by-transaction confirmations for each transaction effected on behalf of Client in the Account, Client will receive periodic reports regarding transactions (not less frequently than quarterly). Such reports may be included as part of Client’s Account statement. Client acknowledges and agrees that Betterment Securities will provide Betterment, as Client’s fiduciary, transaction-by-transaction confirmations for each such transaction. Betterment currently intends to also make such confirmations available for Client to review on the Website on a transaction-by-transaction basis. Client further acknowledges that all information that is required to be contained in a confirmation under applicable law will be included in the periodic statement for each Account. Client agrees that Betterment Securities is not obligated to provide any trade status report other than the confirmation to Betterment. Betterment Securities may provide electronic or other trade status reports as a courtesy only, but Betterment Securities does not guarantee the accuracy or timeliness of such alternate or interim trade status reports and will not be liable for any Losses arising out of or relating to delayed issuance or failure to issue an electronic or other trade status report, or from errors in such reports that are subsequently corrected by Betterment Securities in confirmations. It is Client’s responsibility to review all Account statements promptly on receipt. Client will notify Betterment Securities of any objection (including any claim of improper transfers, omissions, other errors, or fraudulent occurrences) to the information contained in the Account statement (excluding securities transactions, which are covered by transaction confirmations as stated above) within five (5) days after Client’s receipt of the Account statement. Betterment Securities is entitled to treat the information contained in the Account statement as accurate and conclusive unless Client objects within five (5) days of receipt. In all cases, Betterment Securities reserves the right to determine the validity of Client’s objection to the information contained in the Account statement.

Election to Receive Periodic Statements; Transaction Confirmations and Account Statements. By entering into this Brokerage Agreement, Client hereby agrees that in lieu of receiving transaction-by-transaction confirmations for each transaction effected on behalf of Client in the Account, Client will receive periodic reports regarding transactions (not less frequently than quarterly). Such reports may be included as part of Client’s Account statement. Client acknowledges and agrees that Betterment Securities will provide Betterment, as Client’s fiduciary, transaction-by-transaction confirmations for each such transaction. Betterment currently intends to also make such confirmations available for Client to review on the Website on a transaction-by-transaction basis. Client further acknowledges that all information that is required to be contained in a confirmation under applicable law will be included in the periodic statement for each Account. Client agrees that Betterment Securities is not obligated to provide any trade status report other than the confirmation to Betterment. Betterment Securities may provide electronic or other trade status reports as a courtesy only, but Betterment Securities does not guarantee the accuracy or timeliness of such alternate or interim trade status reports and will not be liable for any Losses arising out of or relating to delayed issuance or failure to issue an electronic or other trade status report, or from errors in such reports that are subsequently corrected by Betterment Securities in confirmations. It is Client’s responsibility to review all Account statements promptly on receipt. Client will notify Betterment Securities of any objection (including any claim of improper transfers, omissions, other errors, or fraudulent occurrences) to the information contained in the Account statement (excluding securities transactions, which are covered by transaction confirmations as stated above) within five (5) days after Client’s receipt of the Account statement. Betterment Securities is entitled to treat the information contained in the Account statement as accurate and conclusive unless Client objects within five (5) days of receipt. In all cases, Betterment Securities reserves the right to determine the validity of Client’s objection to the information contained in the Account statement.

Election to Receive Periodic Statements; Transaction Confirmations and Account Statements. By entering into this Brokerage Agreement, Client hereby agrees that in lieu of receiving transaction-by-transaction confirmations for each transaction effected on behalf of Client in the Account, Client will receive periodic reports regarding transactions (not less frequently than quarterly). Such reports may be included as part of Client’s Account statement. Client acknowledges and agrees that Betterment Securities will provide Betterment, as Client’s fiduciary, transaction-by-transaction confirmations for each such securities transaction. Betterment currently intends to also make such confirmations for securities transactions available for Client to review on the Website on a transaction-by-transaction basis. Client further acknowledges that all information that is required to be contained in a confirmation under applicable law will be included in the periodic statement for each Account. Client agrees that Betterment Securities is not obligated to provide any trade status report other than the confirmation to Betterment. Betterment Securities may provide electronic or other trade status reports as a courtesy only, but Betterment Securities does not guarantee the accuracy or timeliness of such alternate or interim trade status reports and will not be liable for any Losses arising out of or relating to delayed issuance or failure to issue an electronic or other trade status report, or from errors in such reports that are subsequently corrected by Betterment Securities in confirmations. It is Client’s responsibility to review all Account statements promptly on receipt. Client will notify Betterment Securities of any objection (including any claim of improper transfers, omissions, other errors, or fraudulent occurrences) to the information contained in the Account statement (excluding securities transactions, which are covered by transaction confirmations as stated above) within five (5) days after Client’s receipt of the Account statement. Betterment Securities is entitled to treat the information contained in the Account statement as accurate and conclusive unless Client objects within five (5) days of receipt. In all cases, Betterment Securities reserves the right to determine the validity of Client’s objection to the information contained in the Account statement.