Common use of Receipt of Disclosure Documents Clause in Contracts

Receipt of Disclosure Documents. Client acknowledges receipt of SMA Portfolio Manager’s Form ADV, Part 2, in the case of the SMA Platform, Model Advisor’s Form ADV, Part 2, in the case of the MP Platform, and LPL’s Manager Access Select Program Brochure (“Brochure”). This Agreement, the Account Application, and the Brochure constitute disclosure required to be provided to an ERISA Plan under Rule 408(b)(2) under ERISA. Client understands the investment approach, related risk factors, and the fees associated with investing in an Account.