Common use of Account Reporting Clause in Contracts

Account Reporting. By accepting this Agreement, the Client is instructing the Custodian to provide AMA with such periodic Account reports as AMA may reasonably request from time to time. The Custodian agrees to deliver via email, the Website, or App a quarterly account statement directly to the client showing all disbursements from the account. The Client recognizes that dividends, capital gains, transfers and sales of securities may create a taxable event unless the Account is a tax-qualified or tax-exempt account. The Client also acknowledges that AMA does not offer legal or tax advice and it is the separate responsibility of the Client to retain the services of legal and tax professionals to the extent deemed necessary.