Common use of Selection and Appointment of Investment Manager Clause in Contracts

Selection and Appointment of Investment Manager. You may transfer an existing strategist portfolio account from another firm to Ameriprise if the Strategist is available on the Envestnet platform. By completing and signing the Application and SIS, you understand that based on information provided within the Application and SIS, the Strategist will independently determine, in its sole discretion, whether to accept or reject the Account(s) with respect to the Access Account Program. By signing the Application you appoint and authorize Envestnet and Strategist as Investment Manager and hereby grant Envestnet full discretionary authority to invest, reinvest and otherwise manage the Access Account(s), and to delegate such investment discretion to such Strategist. Such discretionary authority allows Envestnet to make investment decisions with respect to your Access Account(s) and, when it deems appropriate and without prior consultation with you, to buy, sell, exchange, convert and otherwise trade in any stocks, bonds, and other eligible securities. You acknowledge and agree that Envestnet has no authority to manage any of your assets that are not assets of your Access Account. Client-directed trading is not permitted in your Account. You grant Sponsor trading discretion to implement securities transactions in your Account(s) as instructed by Envestnet. You understand and agree that the Strategist shall be retained by Envestnet pursuant to agreements entered between the Strategist and Envestnet. You authorize Envestnet to enter into Strategist management agreements with the Strategist for portfolio management services in connection with the management of the Accounts on terms and manner that Envestnet deems appropriate. For certain Strategist, Envestnet has entered into a licensing agreement with the Strategist, whereby Envestnet performs administrative and/or trading duties pursuant to the direction of the Strategist. In such situation the Strategist acts in the role of a model provider.

Selection and Appointment of Investment Manager. You may transfer an existing strategist portfolio account from another firm shall initially select separately managed accounts, mutual funds and/or ETFs to Ameriprise if the Strategist is available on fulfill your asset allocation as provided in the Envestnet platformStatement of Investment Selection ("SIS") by working with your financial advisor to complete the SIS. By completing and signing As a part of participating in the Application and SISVista Separate Account Program, you will need to select at least one separately managed account. In addition, you also understand that based on the information provided within you provide to your financial advisor at Account opening and in the Application and SIS, the Strategist Sponsor and Envestnet Manager will independently determine, in its sole their discretion, whether to accept or reject the Vista Separate Account(s) with respect to the Access selected Vista Separate Account Program. By signing the this Relationship Application and providing further direction for your financial advisor to open a Vista Separate Account, you appoint and authorize Envestnet and Strategist as Investment Manager and hereby grant Envestnet full discretionary authority to invest, reinvest and otherwise manage the Access Account(s), including without limitation the authority to allocate and reallocate Program Assets in your Vista Separate Account(s) to different Envestnet Managers and to delegate such investment discretion to such StrategistEnvestnet Managers. Such discretionary authority allows Envestnet to make investment decisions with respect to your Access Account(s) and, when it deems appropriate and without prior consultation with you, to buy, sell, exchange, convert and otherwise trade in any stocks, bonds, and other eligible securities. The discretionary services for the Vista Separate Account Program described in this Agreement will be provided solely by Envestnet. Envestnet will not be a subadviser to Sponsor, and neither Sponsor nor your financial advisor will be involved in, or will be responsible or liable for, investment decisions made by Envestnet. You acknowledge and agree that pursuant to this Program Envestnet has no authority to manage any of your assets that are not assets of your Access AccountVista Separate Account(s). Client-directed trading is not permitted in your Vista Separate Account. You grant Sponsor trading discretion authorization to implement securities transactions in your Account(s) as instructed by Envestnet. Envestnet provides Sponsor’s clients access to certain separately managed account investment managers. These separately managed account investment managers are referred to as Envestnet Managers throughout this Agreement and the Disclosure Brochure. You understand and agree that the Strategist Envestnet Managers shall be retained by Envestnet pursuant to agreements entered between the Strategist Envestnet Managers and Envestnet. You authorize Envestnet to enter into Strategist sub-management agreements with the Strategist Envestnet Managers for portfolio management services in connection with the management of the Vista Separate Accounts on terms and manner that Envestnet deems appropriate. For certain StrategistEnvestnet Managers, Envestnet has entered into a licensing agreement with the StrategistEnvestnet Manager, whereby Envestnet performs administrative and/or trading duties pursuant to the direction of the StrategistEnvestnet Manager. In such situation the Strategist acts Envestnet Manager is acting in the role of a model provider. Envestnet and/or Sponsor may recommend an asset allocation among the investment options in the Program and recommend investment vehicles and/or Envestnet Managers within that asset allocation for your Vista Separate Accounts. In selecting investment vehicles and Envestnet Managers for the Vista Separate Accounts, each of Sponsor and/or Envestnet will consider factors it deems relevant when exercising discretion, including but not limited to, your investment goals and objectives, and any Reasonable Restrictions imposed by you on the management of your Vista Separate Accounts including the designation of particular securities or types of securities that should not be purchased for the Vista Separate Account(s), or that should be sold if held in the Vista Separate Account(s). You understand and accept the risks involved in selecting investments. There is no assurance that your investment objective will be achieved.