Common use of Execution Services Clause in Contracts

Execution Services. Client represents that Client has established a custodial account with Xxxxxxx Xxxxx and the financial advisor designated by Client herein or otherwise as provided by Client in writing satisfactory to Xxxxxxx Xxxxx. Client instructs AMS to direct Account execution services to RJA. Client understands that mutual fund redemption transactions may have tax consequences that should be discussed with Client’s financial or tax advisor. Client further understands that any securities used to fund the Account or that are later deposited to the Account may be sold by AMS, thus creating a capital gain or loss depending on the cost basis of the securities. Client should consult their tax advisor for advice on the tax implications of such transactions.