Scope and Transferability. This agreement shall cover individually and collectively all accounts you may open or reopen with LPL, and shall inure to the benefit of LPL's successors whether by merger, consolidation or otherwise, and assigns, and LPL may transfer your Account to its successors and assigns, and this agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the undersigned. In the event your account is serviced by an SEC Registered Investment Adviser: Pursuant to the Investment Adviser’s Act of 1940, Section 205, investment advisory contracts may only be assigned by your Advisor with your consent. Your consent may be obtained through evidence of a signed writing (affirmative consent) or by providing you notice and a reasonable opportunity to reject the assignment, the expiration of which without objection constitutes acceptance (negative consent). You authorize LPL to accept representation(s) from your Advisor as to the status of any assignment of your investment advisory contract and acknowledge that this Agreement shall be amended as a result thereof to substitute the term “Advisor” for your current Advisor. You further authorize LPL to take any action with respect to, accept any instruction from and provide any information to any investment adviser who may become your Advisor as a result of an assignment of your investment advisory agreement.
Appears in 4 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
