Common use of Scope of the Engagement Clause in Contracts

Scope of the Engagement. A. Depending upon Client’s needs, Advisor will provide Client with recommendations for the financial matters set forth below. i. Review the basics of sound financial strategy at your stage in life; ii. Recommendation of holistic financial strategy; iii. Recommendation of possible tax strategies to consider; iv. Review of current asset allocation and investment location; v. Evaluation of performance of current investments; vi. Recommendation of savings plan and retirement considerations; vii. Considerations when buying your first home and/or mortgage review. viii. Analysis of credit score, student loans, and debt; ix. Financial considerations when getting married and/or starting a family; x. Cost/benefit analysis of pursuing an under-graduate or graduate degree. xi. Review of Financial Life Cycle position; xii. Other related topics such as insurance review, budgeting and/or goal setting; and xiii. From time to time, and as requested by Client, Advisor will provide advice on various financial matters impacting Client or Client’s immediate family B. Advisor will annually compute the amount of tax or refund due to Client on the basis of the information furnished by Client for all individual, federal, and state taxes. Advisor will prepare the forms and schedules necessary to properly report Client’s income, adjustments, expenditures, deductions, exemptions and other information required for individual returns. C. Advisor shall be responsible for the investment of the cash and securities designated by Client to be subject to Advisor's management (hereafter referred to as the “Account”) according to Client's investment objectives, risk tolerance, investment time horizon, and any restrictions placed on the account. Client authorizes Advisor with discretionary authority to manage Client’s cash and securities and Advisor accepts this authority to manage the Account. In granting this discretionary authority, Advisor has full authority to select, purchase, and sell securities for Client’s Account, including the amounts, and to place orders with custodians to execute transactions in Client’s Account, all without prior consultation with Client. Unless Client has identified to Advisor to the contrary, there are NO restrictions imposed upon Advisor with respect to the management of Client’s securities. D. In the event that Advisor’s investment management services include assets held in a Client’s retirement plan account sponsored by Client’s employer, Client acknowledges that Advisor’s management is limited to the scope of the plan’s fund selections and restrictions. For these “Held Away Accounts” Advisor does not have, nor will it accept, any authority to make or effect any disbursements or transfers of assets in Client’s employer sponsored retirement plan account(s).