Roles of Pershing, Pershing Advisor Solutions and Your Investment Advisor(s). In consideration of Pershing Advisor Solutions’ accepting and introducing Your Account to Xxxxxxxx, which will act as the custodian for Your Account(s), You understand, acknowledge and agree that: • Xxxxxxxx will maintain and custody Your Account(s) as a clearing broker under a clearing agreement with Pershing Advisor Solutions. • Xxxxxxxx and Pershing Advisor Solutions may accept or act upon instructions concerning Your Account(s) from your Investment Advisor(s) without inquiry or investigation only as authorized under the terms of this Agreement and pursuant to any letters of authorization that You complete, sign and submit. • Notices about margin requirements or other matters related to Your Account(s) will usually be provided to You through your Investment Advisor(s). You may be notified directly if, in Pershing’s judgment, market conditions, time constraints, regulatory requirements or other circumstances require it. Neither Pershing Advisor Solutions nor Xxxxxxxx has any responsibility for providing You with any disclosures that your Investment Advisor(s) is required to give You. • Pershing Advisor Solutions conducts transactions as instructed by You and your Investment Advisor(s). The Investment Advisor(s), not Pershing Advisor Solutions, is responsible for managing Your Account(s). Pershing Advisor Solutions does not endorse, recommend or give advice to You or your Investment Advisor(s) with respect to investment style or strategy, nor make any determination regarding the suitability of any investment, strategy, or program. • Pershing Advisor Solutions shall not be responsible or liable for any acts or omissions of your Investment Advisor(s) or the members, affiliates, officers, partners, directors, employees, representatives or agents of your Investment Advisor(s). Pershing Advisor Solutions makes no representations or warranties about the Investment Advisor(s) or their services. You shall not hold Pershing Advisor Solutions, its members, affiliates, officers, directors, employees, representatives or agents liable for any trading losses incurred by You, or any persons claiming through You. • Pershing Advisor Solutions is not affiliated with your Investment Advisor(s), and your Investment Advisor(s) does not act as an agent of Pershing Advisor Solutions. The Investment Advisor(s) may have other business relationships with Pershing Advisor Solutions. Unless otherwise disclosed to You, your Investment Advisor(s) is not controlled or employed by Persh...
