Common use of Payment for Order Flow Clause in Contracts

Payment for Order Flow. Wealthfront routes your trades to our brokerage partner, Apex Clearing, for execution. In exchange for routing trades, we may receive monetary rebates that offset our commission cost. Wealthfront regularly reviews trade routing decisions to ensure your orders meet best execution standards. APEX CLEARING CORPORATION CUSTOMER ACCOUNT AGREEMENT This Customer Account Agreement (the “Agreement”) sets forth the respective rights and obligations of Apex Clearing Corporation (“Apex”) and the Customer’s (as defined below) brokerage firm, Wealthfront Brokerage Corporation (“Wealthfront”), and the customer(s) identified on the New Account Application (the “Customer”) in connection with the Customer’s brokerage account with Wealthfront (“the Account”). The Customer hereby agrees as follows with respect to the Account, which the Customer has established with Wealthfront for the purchase, sale or carrying of securities or contracts relating thereto and/or the borrowing of funds, which transactions are cleared through Apex. To help the government fight the funding of terrorism and money laundering, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. In order to open an account, the Customer will provide information that will allow Apex to identify the Customer including, but not limited to, the Customer’s name, address, date of birth, and the Customer’s driver’s license or other identifying documents.

Appears in 3 contracts

Samples: Electronic Agreement and Disclosure, Account Agreement, Electronic Agreement and Disclosure

AutoNDA by SimpleDocs

Payment for Order Flow. Wealthfront routes your ETF trades to our brokerage partner, Apex Clearing, for execution. In exchange for routing trades, we may receive monetary rebates that offset our commission cost. Wealthfront regularly reviews trade routing decisions to ensure your orders meet best execution standards. APEX CLEARING CORPORATION CUSTOMER ACCOUNT AGREEMENT This Customer Account Agreement (the “Agreement”) sets forth the respective rights and obligations of Apex Clearing Corporation (“Apex”) and the Customer’s (as defined below) brokerage firm, Wealthfront Brokerage Corporation (“Wealthfront”), and the customer(s) identified on the New Account Application (the “Customer”) in connection with the Customer’s brokerage account with Wealthfront (“the Account”). The Customer hereby agrees as follows with respect to the Account, which the Customer has established with Wealthfront for the purchase, sale or carrying of securities or contracts relating thereto and/or the borrowing of funds, which transactions are cleared through Apex. To help the government fight the funding of terrorism and money laundering, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. In order to open an account, the Customer will provide information that will allow Apex to identify the Customer including, but not limited to, the Customer’s name, address, date of birth, and the Customer’s driver’s license or other identifying documents.

Appears in 1 contract

Samples: Electronic Agreement and Disclosure

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.