Participating Customers definition
Examples of Participating Customers in a sentence
IBIE's provision of brokerage services to Participating Customers and its deduction of Advisory Fees does not in any way represent an endorsement of the Advisor's services or of any particular recommendations or advice or actions of the Advisor, and the Advisor shall not make any statements or representations stating or implying that IBIE has reviewed or approved of the Advisor, its services or any recommendations or advice or actions of the Advisor.
The Advisor will provide immediate written notice to IBIE, by way of email, of any change in any information previously provided to IBIE regarding any Participating Customer, including but not limited to: (i) changes in information regarding the Participating Customer's financial status or investment objectives or (ii) the death or incapacitation of the Participating Customer.
If IBIE deducts Advisory Fees from the account of a Participating Customer and a dispute arises as to whether such fees were owed by the Participating Customer to Advisor, or if IBIE has other reason to believe that such funds should not be remitted to Advisor, IBIE may elect at its sole discretion to return such Fees to the Participating Customer's account, in which case the Advisor is responsible for collecting such Fees if they are owed.
IBIE will allow Participating Customers to request that IBIE deduct from their IBIE accounts the advisory fees (and/or sub-advisory fees) (collectively, "Advisory Fees").
Errors, misunderstandings or controversies between the Advisor (and/or any sub- advisors) and Participating Customers shall be the Advisor's (and/or any sub-advisors’) sole responsibility and liability.