Common use of Responsibilities of Advisor Clause in Contracts

Responsibilities of Advisor. In connection with any Account of Advisor’s Clients, the Advisor shall: (a) Be responsible for monitoring each Account on an ongoing basis. (b) Ensure that each Client’s personal information on the Website is accurate and up to date. As between Betterment and Advisor, Advisor has primary responsibility for Client communications. Betterment will from time to time notify Advisor of information or developments affecting Clients, and Advisor will be solely responsible for: (i) determining whether to notify Clients of such information or developments; and (ii) communicating the appropriate information to Clients. Notwithstanding the foregoing, Betterment and its affiliates may communicate directly with Clients as may be required by law, rule or regulation, such as furnishing brokerage confirmations and account statements, or as Betterment and its affiliates reasonably determine is necessary or appropriate to fulfill their legal obligations to Clients. In the event Betterment sends non-routine communications to Clients, Betterment and its affiliates will make a good faith effort to: (a) provide copies or otherwise notify Advisor of any such communications; and