GUIDED WEALTH PORTFOLIOS PROGRAM Clause Samples
The Guided Wealth Portfolios Program clause defines the terms and conditions under which clients can participate in an investment management service that utilizes automated, algorithm-driven portfolio management with some level of human oversight. This clause typically outlines eligibility requirements, the types of accounts and investments included, and the process for setting investment goals and risk preferences. Its core practical function is to clarify how the program operates, ensuring clients understand the nature of the service, the responsibilities of both parties, and the scope of advice and management provided, thereby reducing misunderstandings and setting clear expectations.
GUIDED WEALTH PORTFOLIOS PROGRAM. The Program offers clients the ability to participate in a centrally managed, algorithm-based investment program, which is made available to Client through a web-based, interactive account management portal (“Investor Portal”). The Program generates investment recommendations through proprietary, automated, computer algorithms (collectively, the “Algorithm”) of FutureAdvisor, based upon model portfolios constructed by LPL and selected for the Account as described below (such model portfolio selected for the Account, the “Model Portfolio”). Client acknowledges and agrees that communications concerning the Program are intended to occur primarily through electronic means (including but not limited to, through email communications or through the Investor Portal), although Advisor will be available to discuss investment strategies, objectives or the Account in general in person or via telephone. Advisor can provide Client with information regarding other LPL investment programs if Client would prefer more frequent personal interactions with their Advisor.
(a) Account Opening As part of the Account opening process (including the questionnaire on the Investor Portal), Client is responsible for providing complete and accurate information regarding, among other things, Client’s age, risk tolerance, and investment horizon (collectively, “Client Profile”). Client acknowledges that LPL, Advisor and FutureAdvisor rely on the completeness and accuracy of the Client Profile in order to provide services under the Program, including but not limited to, determination of suitability of the Program for Client and an appropriate investment objective for Client (“Investment Objective”). Client agrees to promptly inform LPL, Advisor and FutureAdvisor of any material changes in Client’s Profile through the Investor Portal or by contacting Advisor.
(b) Model Portfolios Based upon a Client’s risk tolerance as indicated in the Client Profile, Client is assigned an investment allocation track (currently Fixed Income Tilt, Balance Tilt or Equity Tilt), the purpose of which is to slowly rotate Client’s equity allocation to fixed income over time. Upon submitting a completed questionnaire through the Investor Portal, Client will be assigned an Investment Objective and Model Portfolio within the applicable allocation track and based upon factors in the Client Profile, including Client’s risk tolerance and the number of years remaining until the age of retirement as indicated by Client (s...
GUIDED WEALTH PORTFOLIOS PROGRAM. The Program offers clients the ability to participate in a centrally managed, algorithm-based investment program, which is made available to Client through a web-based, interactive account management portal (“Investor Portal”). The Program generates investment recommendations through proprietary, automated, computer algorithms (collectively, the “Algorithm”) of FutureAdvisor, based upon model portfolios constructed by LPL and selected for the Account as described below (such model portfolio selected for the Account, the “Model Portfolio”). The Model Portfolios have been designed and are maintained by LPL or, in the future, a third-party investment strategist (as applicable, the “Portfolio Strategist”) and shall include a list of securities holdings, relative weightings and a list of potential replacement securities for tax harvesting purposes. Only one Model Portfolio is permitted per Account. FutureAdvisor, Advisor, and Client cannot change or customize the Model Portfolios. Currently, there are no third party Portfolio Strategists. Client acknowledges and agrees that communications concerning the Program are intended to occur primarily through electronic means (including but not limited to, through email communications or through the Investor Portal), although Advisor will be available to discuss investment strategies, objectives or the Account in general in person or via telephone. Advisor can provide Client with information regarding other LPL investment programs if Client would prefer more frequent personal interactions with their Advisor.
GUIDED WEALTH PORTFOLIOS PROGRAM. The Program offers clients the ability to participate in a centrally managed investment program, which is made available to Client through LPL’s Account View, a web-based, interactive account management portal (“Account View”) and through IAR. In the Program, LPL generates investment recommendations based upon model portfolios constructed by LPL and selected for the Account as described below (such model portfolio selected for the Account, the “Model Portfolio”). The Model Portfolios have been designed and are maintained by LPL Research (the “Portfolio Strategist”) and include a list of exchange-traded funds (“ETFs”) holdings and may in the future include open-end mutual funds (“Mutual Funds”) holdings (collectively, “Program Securities”), and include relative weightings and a list of potential replacement securities for tax harvesting purposes. LPL Research currently serves as the sole Portfolio Strategist and does not charge a fee for its services. Only one Model Portfolio is permitted per Account. Client acknowledges and agrees that communications concerning the Program are intended to occur primarily through electronic means (including but not limited to, through email communications or through Account View), although IAR will be available to discuss investment strategies, objectives or the Account in general in person or via telephone. IAR can provide Client with information regarding other LPL investment programs if Client would prefer more frequent personal interactions with their IAR.
GUIDED WEALTH PORTFOLIOS PROGRAM. The Program offers clients the ability to participate in a centrally managed, algorithm-based investment program, which is made available to Client through a web-based, interactive account management portal (“Investor Portal”). The Program generates investment recommendations through proprietary, automated, computer algorithms (collectively, the “Algorithm”) of FutureAdvisor, based upon model portfolios constructed by LPL and selected for the Account as described below (such model portfolio selected for the Account, the “Model Portfolio”). The Model Portfolios have been designed and are maintained by LPL or, in the future, a third-party investment strategist (as applicable, the “Portfolio Strategist”) and shall include a list of securities holdings, relative weightings and a list of potential replacement securities for tax harvesting purposes. FutureAdvisor, IAR, and Client cannot change or customize the Model Portfolios. Currently, there are no third party Portfolio Strategists for any goal. Only one Model Portfolio is permitted per Account. Client acknowledges and agrees that communications concerning the Program are intended to occur primarily through electronic means (including but not limited to, through email communications or through the Investor Portal), although IAR will be available to discuss investment strategies, objectives or the Account in general in person or via telephone. IAR can provide Client with information regarding other LPL investment programs if Client would prefer more frequent personal interactions with their IAR.