Common use of Limitations on Advisory Services Clause in Contracts

Limitations on Advisory Services. Client acknowledges and understands that the Advisory Services to be provided by Adviser under this Agreement is limited to the management of the Portfolios and does not include financial planning, wealth management, accounting, retirement planning, legal, tax advice or any other related or unrelated services. Client further acknowledge that Adviser is not a tax advisor and that Client should obtain independent advice on the tax consequences of the Portfolio investments. Adviser has no duty to prepare or file any tax return or to pay any tax due in connection with the assets in the Portfolio and the income therefrom, except as may be required by law. Client further acknowledges and understands that: (i) Client has relied on one or more of its financial advisor, wealth management advisor, financial consultant or other financial professional (collectively, “Financial Advisor”) to assess Client’s investment objectives, financial situation, suitability, cash needs, level of sophistication, investment experience and financial goals and Client, together with its Financial Advisor, has determined that the selection of Adviser to provide Advisory Services generally, and the selection of the specific Portfolio strategies designated on Schedule A, is appropriate and suitable for Client. Client agrees to notify Adviser promptly of any significant change in Client’s financial circumstances or investment objectives that might affect the manner in which Client’s Portfolio should be invested. (ii) All investment strategies have the potential for profit or loss that Client should be prepared to bear. Performance results for Client’s Portfolio will vary and past performance is not indicative of future results. Forecasts of financial market trends are subject to change without notice. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for Client's Portfolio. Client hereby understands and agrees that the Advisory Services: (a) are not a complete investment program; (b) do not consider Client’s other assets, concentration, debt or other accounts you may have with any third party; (c) is not suitable for all investors; and (d) relies on the information provided by Client or the Financial Advisor, and Adviser does not verify the completeness or accuracy of such information. Client must make its own decisions based on its specific investment objectives and financial circumstances.

Limitations on Advisory Services. Client acknowledges and understands that the Advisory Services to be provided by Adviser under this Agreement is limited to the management of the Portfolios and does not include financial planning, wealth management, accounting, retirement planningplanning (including, but not limited to, advice or recommendations relating to rollovers to retirement accounts), legal, tax advice or any other related or unrelated services. Client further acknowledge that Adviser is not a tax advisor and that Client should obtain independent advice on the tax consequences of the Portfolio investments. Adviser has no duty to prepare or file any tax return or to pay any tax due in connection with the assets in the Portfolio and the income therefrom, except as may be required by law. Client further acknowledges and understands that: (i) Client has relied on one or more of its financial advisor, wealth management advisor, financial consultant or other financial professional (collectively, “Financial Advisor”) to assess Client’s investment objectives, financial situation, suitability, cash needs, level of sophistication, investment experience and financial goals and Client, together with its Financial Advisor, has determined that the selection of Adviser to provide Advisory Services generally, and the selection of the specific Portfolio strategies designated on Schedule A, is appropriate and suitable for Client. Client agrees to notify Adviser promptly of any significant change in Client’s financial circumstances or investment objectives that might affect the manner in which Client’s Portfolio should be invested. (ii) All investment strategies have the potential for profit or loss that Client should be prepared to bear. Performance results for Client’s Portfolio will vary and past performance is not indicative of future results. Forecasts of financial market trends are subject to change without notice. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for Client's Portfolio. Client hereby understands and agrees that the Advisory Services: (a) are not a complete investment program; ; (b) do not consider Client’s other assets, concentration, debt or other accounts you may have with any third party; (c) is not suitable for all investors; and (d) relies on the information provided by Client or the Financial Advisor, and Adviser does not verify the completeness or accuracy of such information. Client must make its own decisions based on its specific investment objectives and financial circumstances.