Common use of Trading Authorization Clause in Contracts

Trading Authorization. A Limited Power of Attorney (LPOA) is generally executed with the custodian of Client assets. The LPOA does not provide Portfolio Advisors, Inc. with custody of Client securities. Portfolio Advisors, Inc. does not and will not have custody of Client funds or securities. The LPOA provides Portfolio Advisors, Inc. with the power to execute trades on the Client’s behalf, and authorizes the custodian to deduct management fees from Client’s account upon direction from Portfolio Advisors, Inc. Generally, Portfolio Advisors, Inc. will recommend a particular broker to execute securities transactions. Client, however, retains authority to direct trades to other brokers. Portfolio Advisors, Inc. will not exercise discretionary control over any of Client’s assets. Portfolio Advisors, Inc. shall be responsible only to make investment recommendations to Client and to execute investment transactions after obtaining Client’s approval. Client will retain absolute discretion over all investment decisions. Once an asset allocation is agreed upon for the portfolio, a Model Portfolio is developed which identifies specific target percentages for each asset. If the actual percentages diverge from the target percentages, Client authorizes Portfolio Advisors, Inc. to buy and/or sell securities to rebalance the portfolio closer to the targets. If Client requests a cash withdrawal, Client authorizes Portfolio Advisors, Inc. to sell assets, if necessary, to meet the cash needs. Certain asset sales could result in taxable gains. Portfolio Advisors, Inc. will consult with Client prior to any sale that might result in significant capital gains. Client authorizes Portfolio Advisors, Inc. to invest cash deposits made to Client accounts in order to move the portfolio closer to the target percentages. Account custodians will debit Client accounts for various trading expenses, including brokerage commissions, margin interest, custodial fees, and bank or brokerage service fees, as applicable. No portion of such fees is received by Portfolio Advisors, Inc. or by its principals or its Advisory Representatives. All information you may furnish to Portfolio Advisors, Inc., including the Firm’s Associated Persons, and all information and advice we provide the Client, shall be treated as confidential and shall not be disclosed to third parties. The only exceptions to this policy are when the Client specifically directs us to provide information to a third party or where we may be required to do so pursuant by law or regulation. Portfolio Advisors, Inc. is a Registered Investment Adviser regulated by the Securities and Exchange Commission and is subject to the Securities and Exchange Commission’s Investment Adviser’s Act of 1940 as well as the anti-fraud provisions of the California Securities Act. Client understands that Portfolio Advisors, Inc. obtains information from a wide variety of publicly available sources. Portfolio Advisors, Inc. does not have, nor does it claim to have sources of inside or private information. The recommendations developed by Portfolio Advisors, Inc. are based upon the professional judgment of Portfolio Advisors, Inc. and the Firm cannot guarantee the results of any recommendations.

Trading Authorization. A Limited Power of Attorney (LPOA) is generally executed with the custodian of Client assets. The LPOA does not provide Portfolio Advisors, Inc. with custody of Client securities. Portfolio Advisors, Inc. does not and will not have custody of Client funds or securities. The LPOA provides Portfolio AdvisorsPathways Advisory Group, Inc. with the power to execute trades on the Client’s behalf, and authorizes the custodian to deduct management fees from Client’s account upon direction from Portfolio AdvisorsPathways Advisory Group, Inc. Generally, Portfolio Advisors▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Inc. will recommend a particular is recommended as broker to execute securities transactions. Client, however, retains authority to direct trades to other brokers. Portfolio AdvisorsPathways Advisory Group, Inc. will not exercise discretionary control over any of Client’s assets. Portfolio AdvisorsPathways Advisory Group, Inc. shall be responsible only to make investment recommendations to Client and to execute investment transactions after obtaining Client’s approval. Client will retain absolute discretion over all investment decisions. Once an asset allocation is agreed upon for the portfolio, a Model Portfolio is developed which identifies specific target percentages for each asset. If the actual percentages diverge from the target percentages, Client authorizes Portfolio AdvisorsPathways Advisory Group, Inc. to buy and/or sell securities to rebalance the portfolio closer to the targets. If Client requests a cash withdrawalwithdrawal or if a Required Minimum Distribution must be made from a retirement account, Client authorizes Portfolio AdvisorsPathways Advisory Group, Inc. to sell assets, if necessary, to meet the cash needs. Certain asset sales could result in create taxable gains. If a purchase or sale in an account creates a divergence from the targeted Model Portfolio Advisorspercentages, Inc. will consult with Client prior authorizes rebalancing trades in that or another account. At times, it may be advantageous to any sale that might result rebalance in significant capital gainsa retirement account, such as an ▇▇▇, to avoid an adverse tax consequence. Client authorizes Portfolio AdvisorsPathways Advisory Group, Inc. to invest cash deposits and cash dividends made to Client accounts in order to move the portfolio closer to the target percentages. Account custodians will debit Client accounts for various trading expenses, including brokerage commissions, margin interest, custodial fees, and bank or brokerage service fees, as applicable. No portion of such fees is received by Portfolio AdvisorsPathways Advisory Group, Inc. or by its principals or its Advisory Representatives. All information you may furnish to Portfolio AdvisorsPathways Advisory Group, Inc., including the Firm’s Associated Persons, and all information and advice we provide the Clientyou, shall be treated as confidential and shall not be disclosed to third parties. The only exceptions to this policy are when the Client you specifically directs direct us to provide information to a third party or where we may be required to do so pursuant by law or regulation. Portfolio AdvisorsPathways Advisory Group, Inc. is a Registered Investment Adviser regulated by the Securities and Exchange Commission and is subject to the Securities and Exchange Commission’s Investment Adviser’s Act of 1940 as well as the anti-fraud provisions of the California Securities Act. Client understands that Portfolio AdvisorsAdvisors at Pathways Advisory Group, Inc. obtains information from must be CERTIFIED FINANCIAL PLANNERSTM (CFP®) or begin enrollment in a wide variety course of publicly available sourcesstudy leading to the CFP® designation within one year of hire. Portfolio AdvisorsAs CERTIFIED FINANCIAL PLANNERSTM, Inc. does not have, nor does it claim to have sources all advisors must comply with the Standards of inside or private information. The recommendations developed Professional Conduct established and published by Portfolio Advisors, Inc. are based upon the professional judgment of Portfolio Advisors, Inc. and the Firm cannot guarantee the results of any recommendationsCFP® Board.

Trading Authorization. A Limited Power of Attorney (LPOA) is generally executed with the custodian of Client assets. The LPOA does not provide Portfolio AdvisorsPathways Advisory Group, Inc. with custody of Client securities. Portfolio AdvisorsPathways Advisory Group, Inc. does not and will not have custody of Client funds or securities. The LPOA provides Portfolio AdvisorsPathways Advisory Group, Inc. with the power to execute trades on the Client’s behalf, and authorizes the custodian to deduct management fees from Client’s account upon direction from Portfolio AdvisorsPathways Advisory Group, Inc. Generally, Portfolio Advisors▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Inc. will recommend a particular is recommended as broker to execute securities transactions. Client, however, retains authority to direct trades to other brokers. Portfolio AdvisorsPathways Advisory Group, Inc. will not exercise discretionary control over any of Client’s assets. Portfolio AdvisorsPathways Advisory Group, Inc. shall be responsible only to make investment recommendations to Client and to execute investment transactions after obtaining Client’s approval. Client will retain absolute discretion over all investment decisions. Once an asset allocation is agreed upon for the portfolio, a Model Portfolio is developed which identifies specific target percentages for each asset. If the actual percentages diverge from the target percentages, Client authorizes Portfolio AdvisorsPathways Advisory Group, Inc. to buy and/or sell securities to rebalance the portfolio closer to the targets. If Client requests a cash withdrawalwithdrawal or if a Required Minimum Distribution must be made from a retirement account, Client authorizes Portfolio AdvisorsPathways Advisory Group, Inc. to sell assets, if necessary, to meet the cash needs. Certain asset sales could result in create taxable gains. If a purchase or sale in an account creates a divergence from the targeted Model Portfolio Advisorspercentages, Inc. will consult with Client prior authorizes rebalancing trades in that or another account. At times, it may be advantageous to any sale that might result rebalance in significant capital gainsa retirement account, such as an ▇▇▇, to avoid an adverse tax consequence. Client authorizes Portfolio AdvisorsPathways Advisory Group, Inc. to invest cash deposits and cash dividends made to Client accounts in order to move the portfolio closer to the target percentages. Account custodians will debit Client accounts for various trading expenses, including brokerage commissions, margin interest, custodial fees, and bank or brokerage service fees, as applicable. No portion of such fees is received by Portfolio AdvisorsPathways Advisory Group, Inc. or by its principals or its Advisory Representatives. All information you may furnish to Portfolio AdvisorsPathways Advisory Group, Inc., including the Firm’s Associated Persons, and all information and advice we provide the Clientyou, shall be treated as confidential and shall not be disclosed to third parties. The only exceptions to this policy are when the Client you specifically directs direct us to provide information to a third party or where we may be required to do so pursuant by law or regulation. Portfolio AdvisorsPathways Advisory Group, Inc. is a Registered Investment Adviser regulated by the Securities and Exchange Commission and is subject to the Securities and Exchange Commission’s Investment Adviser’s Act of 1940 as well as the anti-fraud provisions of the California Securities Act. Client understands that Portfolio AdvisorsAdvisors at Pathways Advisory Group, Inc. obtains information from must be CERTIFIED FINANCIAL PLANNERSTM (CFP®) or begin enrollment in a wide variety course of publicly available sourcesstudy leading to the CFP® designation within one year of hire. Portfolio AdvisorsAs CERTIFIED FINANCIAL PLANNERSTM, Inc. does not have, nor does it claim to have sources all advisors must comply with the Standards of inside or private information. The recommendations developed Professional Conduct established and published by Portfolio Advisors, Inc. are based upon the professional judgment of Portfolio Advisors, Inc. and the Firm cannot guarantee the results of any recommendationsCFP® Board.

Trading Authorization. A Limited Power of Attorney (LPOA) is generally executed with the custodian of Client assets. The LPOA does not provide Portfolio Advisors, Inc. with custody of Client securities. Portfolio Advisors, Inc. does not and will not have custody of Client funds or securities. The LPOA provides Portfolio Advisors, Inc. with the power to execute trades on the Client’s behalf, and authorizes the custodian to deduct management fees from Client’s account upon direction from Portfolio Advisors, Inc. Generally, Portfolio Advisors▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Inc. will recommend a particular is recommended as broker to execute securities transactions. Client, however, retains authority to direct trades to other brokers. Portfolio Advisors, Inc. will not exercise discretionary control over any of Client’s assets. Portfolio Advisors, Inc. shall be responsible only to make investment recommendations to Client and to execute investment transactions after obtaining Client’s approval. Client will retain absolute discretion over all investment decisions. Once an asset allocation is agreed upon for the portfolio, a Model Portfolio is developed which identifies specific target percentages for each asset. If the actual percentages diverge from the target percentages, Client authorizes Portfolio Advisors, Inc. to buy and/or sell securities to rebalance the portfolio closer to the targets. If Client requests a cash withdrawal, Client authorizes Portfolio Advisors, Inc. to sell assets, if necessary, to meet the cash needs. Certain asset sales could result in taxable gains. Portfolio Advisors, Inc. will consult with Client prior to any sale that might result in significant capital gains. Client authorizes Portfolio Advisors, Inc. to invest cash deposits made to Client accounts in order to move the portfolio closer to the target percentages. Account custodians will debit Client accounts for various trading expenses, including brokerage commissions, margin interest, custodial fees, and bank or brokerage service fees, as applicable. No portion of such fees is received by Portfolio Advisors, Inc. or by its principals or its Advisory Representatives. All information you may furnish to Portfolio Advisors, Inc., including the Firm’s Associated Persons, and all information and advice we provide the Client, shall be treated as confidential and shall not be disclosed to third parties. The only exceptions to this policy are when the Client specifically directs us to provide information to a third party or where we may be required to do so pursuant by law or regulation. Portfolio Advisors, Inc. is a Registered Investment Adviser regulated by the Securities and Exchange Commission and is subject to the Securities and Exchange Commission’s Investment Adviser’s Act of 1940 as well as the anti-fraud provisions of the California Securities Act. Client understands that Portfolio Advisors, Inc. obtains information from a wide variety of publicly available sources. Portfolio Advisors, Inc. does not have, nor does it claim to have sources of inside or private information. The recommendations developed by Portfolio Advisors, Inc. are based upon the professional judgment of Portfolio Advisors, Inc. and the Firm cannot guarantee the results of any recommendations.

Trading Authorization. A Limited Power of Attorney (LPOA) is generally executed with the custodian of Client assets. The LPOA does not provide Portfolio Advisors, Inc. with custody of Client securities. Portfolio Advisors, Inc. does not and will not have custody of Client funds or securities. The LPOA provides Portfolio Advisors, Inc. with the power to execute trades on the Client’s behalf, and authorizes the custodian to deduct management fees from Client’s account upon direction from Portfolio Advisors, Inc. Generally, Portfolio Advisors, Inc. will recommend securities transactions be executed through a particular broker to execute securities transactionsspecific broker-dealer. Client, however, retains authority to direct trades to other brokers. Portfolio Advisors, Inc. will not exercise discretionary control over any of Client’s assets. Portfolio Advisors, Inc. shall be responsible only to make investment recommendations to Client and to execute investment transactions after obtaining Client’s approval. Client will retain absolute discretion over all investment decisions. Once an asset allocation is agreed upon for the portfolio, a Model Portfolio is developed which identifies specific target percentages for each asset. If the actual percentages diverge from the target percentages, Client authorizes Portfolio Advisors, Inc. to buy and/or sell securities to rebalance the portfolio closer to the targets. If Client requests a cash withdrawal, Client authorizes Portfolio Advisors, Inc. to sell assets, if necessary, to meet the cash needs. Certain asset sales could result in taxable gains. Portfolio Advisors, Inc. will consult with Client prior to any sale that might result in significant capital gains. Client authorizes Portfolio Advisors, Inc. to invest cash deposits made to Client accounts in order to move the portfolio closer to the target percentages. Account custodians will debit Client accounts for various trading expenses, including brokerage commissions, margin interest, custodial fees, and bank or brokerage service fees, as applicable. No portion of such fees is received by Portfolio Advisors, Inc. or by its principals or its Advisory Representatives. All information you may furnish to Portfolio Advisors, Inc., including the Firm’s Associated Persons, and all information and advice we provide the Client, shall be treated as confidential and shall not be disclosed to third parties. The only exceptions to this policy are when the Client specifically directs us to provide information to a third party or where we may be required to do so pursuant by law or regulation. Portfolio Advisors, Inc. is a Registered Investment Adviser regulated by the Securities and Exchange Commission and is subject to the Securities and Exchange Commission’s Investment Adviser’s Act of 1940 as well as the anti-fraud provisions of the California Securities Act. Client understands that Portfolio Advisors, Inc. obtains information from a wide variety of publicly available sources. Portfolio Advisors, Inc. does not have, nor does it claim to have sources of inside or private information. The recommendations developed by Portfolio Advisors, Inc. are based upon the professional judgment of Portfolio Advisors, Inc. and the Firm cannot guarantee the results of any recommendations.