Common use of Trusted Contact Clause in Contracts

Trusted Contact. Client hereby designates the people listed on the Trusted Contact Person Designation below as “Trusted Contacts.” Such individuals must be age 18 or older. Client may at any time change any or all of its Trusted Contacts on written notice to Management. Client acknowledges that Management is not required to contact any of Client’s Trusted Contacts but may do so in its discretion. Client authorizes Management to contact any of Client’s Trusted Contacts, request information about Client and/or Client’s account and to take any direction from Client’s Trusted Contact, including trading, transfer or termination instructions, (a) upon Management’s receipt of written notice of the occurrence of a life-changing event for Client, such as Client’s death, incapacity or diminished capacity (each, a “Significant Life Event”), (b) to confirm the identity of Client’s legal guardian, executor, trustee or person holding a power of attorney for Client, (c) upon Management’s reasonable suspicion of Client’s incapacity or diminished capacity, (d) if Management suspects that financial exploitation of Client has occurred or may be attempted, or (e) if Management is unable to reach Client for an extended period of time. Client acknowledges that as provided in the Agreement, if Management suspects that financial exploitation of Client has occurred or been attempted, Management may also in good faith report that suspicion to the SEC, state securities regulatory authorities, law enforcement agencies, or state adult protective services. To allow Management continuous management of Client’s assets in the event of a Significant Life Event, Client hereby authorizes Management, after Management receives written notice of the occurrence a Significant Life Event, to provide any of Client’s Trusted Contacts with access to certain non-public personal information related to Client and Client’s account, upon written request by such Trusted Contact. Client agrees that the Agreement will not automatically terminate upon the occurrence of a Significant Life Event. Following a Significant Life Event, Management may continue to manage the Account in accordance with the then current Strategy or liquidate the Account at Management’s sole discretion until Management receives contrary instruction from a Trusted Contact or other person with authority to act for Client. Note, the custodian may choose to restrict the Account preventing Management from acting.