Model Portfolios. Advisor acknowledges that Betterment may make available certain model investment portfolios developed by third-party providers (each, a “Model Portfolio Provider”) to provide some or all Advisors and Clients with Products and/or allocations (a “Model Portfolio”) that differ from the Products and/or allocations Betterment has selected based on Betterment’s investment methodology. If instructed by Advisor in accordance with the terms of this Agreement, Betterment will invest a Client’s assets in a Model Portfolio. Notwithstanding anything to the contrary in Section 4 above, Betterment will not recommend an IPS to a Client who is placed in a Model Portfolio and will instead allocate the Client’s accounts in accordance with the parameters specified by the Model Portfolio selected by the Advisor. With respect to a Client in a Model Portfolio, Advisor, and not Betterment, shall be responsible for managing the Client’s account on the basis of the Client’s financial situation and investment objectives. Advisor will be responsible for informing all Clients who are placed in a Model Portfolio (i) that they are placed in a Model Portfolio and not a Betterment-selected portfolio and (ii) of the foregoing allocation of responsibilities between Betterment and Advisor. Advisor understands that certain features of the Interface may not work in conjunction with a given Model Portfolio, and that Advisor is responsible for explaining these limitations to Client. In connection with the use of any Model Portfolio, Advisor makes the representations warranties, and acknowledgements set forth in Exhibit A hereto. Except as explicitly modified by this Section, all provisions of this Agreement will remain in effect, and Betterment shall provide services as described herein to Advisor and Client.
Model Portfolios. Client acknowledges that Betterment may make available certain model investment portfolios (each, a “Model Portfolio”) developed by third-party providers (each, a “Model Portfolio Provider”) to provide Advisor and Clients with Products and/or allocations that differ from the Products and/or allocations Betterment has selected based on Betterment’s investment methodology. If instructed by Advisor in accordance with the Advisor Agreements, Betterment will invest a Client’s assets in a Model Portfolio. Betterment will not recommend an IPS to a Client who is placed in a Model Portfolio and will instead allocate the Client’s Accounts in accordance with the parameters specified by the Model Portfolio selected by the Advisor on the Client’s behalf. The Client’s ability to adjust the allocations or risk tolerances within a Model Portfolio, to the extent permitted, will be governed by the Advisor Agreements. With respect to a Client in a Model Portfolio, Advisor, and not Betterment, shall be responsible for managing the Client’s Account on the basis of the Client’s financial situation and investment objectives. Betterment will be responsible for informing a Client who is placed in a Model Portfolio
Model Portfolios. Through the Program, Adviser offers various asset allocation portfolios (the “Portfolios”), which may be developed by Adviser or third-parties, and are designed to allocate assets among ETFs that represent different asset classes, with any cash allocations or excess cash balances swept into and out of an FDIC-insured deposit account opened by the Custodian at a participating bank. Adviser reserves the right to change, in its sole discretion from time to time and without prior notice to Client: (i) the number of Portfolios available through the Program that it deems appropriate to address the investment objectives, investment time horizons, and risk tolerances of its clients; (ii) the ETFs that comprise each of the Portfolios; and (iii) the relative weightings of the ETFs within each of the Portfolios. Adviser further reserves the right to change, in its sole discretion from time to time, upon providing prior notice to Clients, the model provider, if any, from which Adviser obtains any or all Portfolios, and to make Portfolios developed by additional model providers available through the Program. It is agreed that Adviser does not provide any tax or legal advice.
Model Portfolios. Several of the Model Portfolios share the same investment philosophies as certain subscription services published by our affiliate, The Motley Fool, LLC (“TMF”). However, MFWM’s Model Portfolios do not attempt to track these (or any) TMF services. As further explained below in Section 2.b.5) (Basis of Advice), you understand and acknowledge that Model Portfolios and your Account may diverge completely from TMF’s services. Rather than choosing a portfolio comprised primarily of our traditional stock-based Model Portfolios, you may elect a portfolio comprised exclusively of exchange traded funds (“ETFs”). We refer to our Model Portfolios that exclusively utilize ETFs as “Index-Based Model Portfolios.” Please note, however, that you generally cannot create a blended portfolio consisting of both Index-Based Model Portfolios and stock- based Model Portfolios (except that this limitation does not apply to the Fixed Income Model Portfolio, which is ETF-based and can be incorporated into most portfolios). We may make limited exceptions to this general restriction in our sole discretion and consistent with our fiduciary duty. For ease of reference, unless we expressly exclude Index Based Model Portfolios below, all references to “Model Portfolios” include both stock-based and Index Based Model Portfolios. As with all investments, the holdings in your Account involves risk. MFWM does not guarantee the results of any of its advice or account management. Significant losses can occur from investing in securities, or by following any investment strategy, including those recommended or applied by MFWM. The risks associated with each Model Portfolio are described in Appendix B to this Agreement. You acknowledge and agree that you have read and understand these risks.
Model Portfolios. Adviser manages and maintains a number of model portfolios to cater to a wide range of investor needs. These portfolios are comprised of a range of underlying investments which have been selected by Adviser in accordance with the objective of the portfolio and any conditions within financial markets which are considered relevant by Adviser. All portfolios will be rebalanced periodically in accordance with the views of Adviser. When a portfolio is rebalanced, or an investment bought or sold, on Client’s behalf, brokerage fees will be incurred and charged to Client. Adviser receives no direct, or indirect remuneration or financial benefit of any kind from any brokerage fees incurred. Adviser will only instigate a rebalancing of a portfolio, or the purchase or sale of an underlying investment in the event that it is considered by Adviser that there may be potential benefit to Client in doing so. Any portfolios managed by Adviser may be comprised of a variety of financial instruments, including stocks, certain kinds of Exchange Traded Funds (ETFs) and mutual funds. For the purposes of asset allocation to various risk tolerances, these assets are broadly categorized as either Growth assets, or Defensive assets. Growth assets are those assets which have the potential to achieve growth over the long term, while Defensive assets are those assets which have the potential to avoid, mitigate, or absorb losses experienced in Growth assets. Asset allocation values given below are indicative only, with values for Growth assets expressed as a maximum, which will generally not be exceeded by more than 20% of the value shown, but may occasionally be significantly less, or zero. The maximum allocation for Defensive assets for any portfolio is 100% of overall asset allocation. The specific composition of any portfolio is subject to change over time in accordance with the investment decisions of Adviser, circumstances specific to Client, account funding and withdrawal decisions on the part of Client and/or conditions within financial markets. The list of standard portfolios offered by Adviser at the time of this Agreement, the applicable account type and the target Growth and Defensive allocations for each is as follows: Individual, Joint Individual Retirement Account Growth % Defensive % Afinitiv Stable Growth Afinitiv Smart Balanced IRA 40 60 Afinitiv Balanced Growth Afinitiv Smart Growth IRA 70 30 Afinitiv High Growth Afinitiv Smart Growth Plus IRA 90 10 Each portfolio has...
Model Portfolios. 2.8.1. Where you advise your underlying clients to invest in one or more of Credo’s model portfolio of investments, we will not provide advice to your underlying clients in relation to any model portfolios. We will not therefore consider the suitability or appropriateness of any transactions entered into. It is your responsibility to advise your clients in relation to the suitability and appropriateness of any model portfolio in compliance with the FCA Rules. It is also your responsibility to monitor each Account that is linked to such model portfolio(s) and to continue to assess the suitability or appropriateness of all transactions entered into (including those resulting from changes to the model portfolio(s) and rebalancing of each Account), on an ongoing basis and to ensure that the model portfolio and rebalancing are correctly applied to each Account.
Model Portfolios
