Common use of GUIDED WEALTH PORTFOLIOS PROGRAM Clause in Contracts

GUIDED WEALTH PORTFOLIOS PROGRAM. The Program offers clients the ability to participate in a centrally managed investment program, which is made available to Client through LPL’s Account View, a web-based, interactive account management portal (“Account View”) and through IAR. In the Program, LPL generates investment recommendations based upon model portfolios constructed by LPL and selected for the Account as described below (such model portfolio selected for the Account, the “Model Portfolio”). The Model Portfolios have been designed and are maintained by LPL Research (the “Portfolio Strategist”) and include a list of exchange-traded funds (“ETFs”) holdings and may in the future include open-end mutual funds (“Mutual Funds”) holdings (collectively, “Program Securities”), and include relative weightings and a list of potential replacement securities for tax harvesting purposes. LPL Research currently serves as the sole Portfolio Strategist and does not charge a fee for its services. Only one Model Portfolio is permitted per Account. Client acknowledges and agrees that communications concerning the Program are intended to occur primarily through electronic means (including but not limited to, through email communications or through Account View), although IAR will be available to discuss investment strategies, objectives or the Account in general in person or via telephone. IAR can provide Client with information regarding other LPL investment programs if Client would prefer more frequent personal interactions with their IAR.

GUIDED WEALTH PORTFOLIOS PROGRAM. The Program offers clients the ability to participate in a centrally managed investment program, which is made available to Client through LPL’s Account View, View a web-based, interactive account management portal (“Account View”) and through IARAdvisor. In the Program, LPL generates investment recommendations based upon model portfolios constructed by LPL and selected for the Account as described below (such model portfolio selected for the Account, the “Model Portfolio”). The Model Portfolios have been designed and are maintained by LPL Research (the “Portfolio Strategist”) and include a list of exchange-traded funds (“ETFs”) holdings and may in the future include open-end mutual funds (“Mutual Funds”) holdings (collectively, (“Program Securities”), and include relative weightings and a list of potential replacement securities for tax harvesting purposes. LPL Research currently serves as the sole Portfolio Strategist and does not charge a fee for its services. Only one Model Portfolio is permitted per Account. Client acknowledges and agrees that communications concerning the Program are intended to occur primarily through electronic means (including but not limited to, through email communications or through Account View), although IAR Advisor will be available to discuss investment strategies, objectives or the Account in general in person or via telephone. IAR Advisor can provide Client with information regarding other LPL investment programs if Client would prefer more frequent personal interactions with their IARAdvisor.