This Terms of Service (this "Agreement") is made by and between LPL Financial LLC, a California corporation ("LPL"), and the consumer
customer of this web site ("Consumer"). This Agreement sets forth the general terms and conditions of Consumer's access to and use of
this web site (the "Service"). By entering his or her initials and clicking "I Accept", Consumer agrees to all of the terms and conditions of this Agreement.
Consumer acknowledges that, as the Service changes, Consumer may be required to agree to additional terms and conditions as a condition to
continued use of the Service. Consumer further acknowledges that LPL may change the terms and conditions applicable to use of the Service, but
LPL will obtain Consumer's agreement to such changed terms and conditions by presenting a revised Terms of Service to Consumer for acceptance. If
Consumer refuses to accept the revised Terms of Service, LPL has the right to immediately terminate Consumer's access to and use of the Service.
Privilege to Access and Use the Service
During the term of and subject to the terms and conditions of this Agreement, Consumer may access and use those aspects of the
Service intended for access and use by consumers (the "Consumer Site"). Consumer shall not (1) access or use any aspect of
the Service other than the Consumer Site, (2) access or use the Service for any purposes other than personal use or (3) access or
use the Service in any unlawful manner or in violation of this Agreement.
Consumer understands, acknowledges and agrees that:
The financial advisor of LPL (the "Advisor") has authorized Consumer to access and use the Consumer Site. The Advisor or LPL may at any time, in their respective sole discretion, terminate such authorization and Consumer's continued use of the Service.
The Consumer Site is provided solely as a convenience to Consumer.
Neither the Consumer Site nor LPL's technology vendors provide any advice regarding insurance or securities or any other financial planning or other financial advice.
LPL's technology vendors are not responsible for and shall not be held liable for any advice given or recommendations made by the Advisor with respect to any financial, insurance, planning or other matter, regardless of whether Consumer relied on such advice or the Service.
LPL does not guarantee or warrant that any part of the Service is free of viruses or other harmful code. Consumer must take appropriate precautions, such as use of an anti-virus software package, to protect his or her computer hardware and software.
Consumer is responsible for obtaining his or her own hardware, software and services (such as computers, web browsers and Internet access service) necessary to access and use the Service and for payment of all fees involved in obtaining such hardware, software and services.
Consumer shall be solely responsible for safeguarding his or her login credentials such as User Name and Password. Consumer must immediately notify the Advisor if his or her login credentials are compromised. LPL nor its technology vendors shall have any liability for any loss, claim, or other damages that result from unreported, unauthorized use of Consumer's log on credentials.
The Service currently provides an account aggregation function called "Connections" that allows Consumer to view, in a single location on
the Consumer Site, consolidated financial information from such accounts that Consumer maintains at various financial institutions as
Consumer may designate from time to time ("Outside Accounts").
To use the account aggregate function, Consumer understands and agrees that:
The function is not available for all types of accounts and/or for all financial institutions.
Financial institutions change their web sites from time to time. As a result an Outside Account that was available may cease to be available to the Service. Neither LPL nor its technology vendors have any control over this situation and have no obligation to restore the availability of the Outside Account on the Consumer Site.
Consumer is responsible for designating the Outside Accounts whose information Consumer desires to aggregate.
For each available account that Consumer desires to aggregate on the Consumer Site, Consumer must provide LPL's third party aggregation vendor with the necessary login credentials to access the Outside Account such as username and password. Consumer will provide this information through such function and process as our technology vendors may determine from time to time.
The account aggregation function will access the web site maintained by each third-party financial institution for each Outside Account designated for aggregation in order to retrieve and store the account information within the Outside Account.
Consumer grants LPL and its technology vendors authority, with respect to each Outside Account designated for aggregation, to (1) use the login credentials for such Outside Account in order to access the account information within such Outside Account, (2) retrieve the account information within the Outside Account and (3) store the account information so retrieved and display such information to Consumer and the Advisor.
For each Outside Account designated for aggregation, Consumer represents and warrants that Consumer is the legal owner of the account, Consumer has the right to disclose his or her login credentials for such Outside Account and Consumer has the right to grant the foregoing authorization.
Neither LPL nor its technology vendors are responsible for any acts, errors, or omissions by the financial institutions at which Consumer maintains an Outside Account, or for the accuracy of the information provided by such institutions.
LPL may terminate the account aggregation function at any time without notice to Consumer.
The Service currently provides a service known as the Vault which allows Consumer to store and retrieve documents on the Service. To add a
document to the Vault, Consumer must provide a copy of the document to the Advisor if that document is to be added to a folder contained in
the Vault other than a private folder to which the Consumer may have access. The Advisor is responsible for uploading the document to the
Vault and organizing Consumer's documents in the Vault into separate electronic "folders." Consumer understands and agrees that Consumer
will have "view only" access to materials in the Vault that the Advisor has added and that any addition, deletion, modification or organization
of Consumer's documents in the Vault must be processed through the Advisor.
Consumer understands and agrees that:
For each document stored in the Vault, Consumer represents and warrants that Consumer lawfully possesses such document and has the authority to have the document uploaded, stored and made retrievable to and from the Vault.
Consumer is solely responsible for the content of any document that Consumer provides for inclusion in the Vault. Consumer agrees not to use the Vault to store any document or information that is unlawful, offensive, indecent, or otherwise actionable by any third party.
Neither LPL nor its technology vendors are responsible for any use or dissemination of Consumer's documents by any third parties to whom Consumer or the Advisor grants authorization to view his or her documents.
The document storage function is provided to Consumer as a convenience.
The documents retained in the document storage service should not be Consumer's sole copy of such documents.
Consumer is responsible for retaining originals of the documents he or she chooses to store in the Vault.
In addition to the user roles of Advisor and Consumer, the Service also provides a user role that allows other service providers to
Consumer, such as Consumer's banker, accountant or attorney (known as "Alliance Partners"), to access and view all of the information
stored by the Service in relation to Consumer. For example, the Alliance Partner role allows Consumer to direct the Advisor to permit
Consumer's family lawyer access to Consumer's information in the Service to assist with estate planning and other needs.
Consumer understands and agrees that:
Alliance Partner usage is arranged solely through the Advisor including the creation and assignment of the Alliance Partner's login credentials. Therefore, it is the responsibility of Consumer and the Advisor to determine whether and for how long to allow any Alliance Partner to access Consumer's information.
Unless and until the Advisor revokes the access privileges of an Alliance Partner, Consumer hereby consents to allowing such Alliance Partner to access and view any and all of Consumer's information stored in the Service.
Neither LPL nor any of its technology vendors shall be liable for any act or omission on the part of the Advisor in relation to Alliance Partners or any act or omission of the Alliance Partner.
The Alliance Partner function is provided to Consumer as a convenience.
Other Terms and Conditions
Consumer may terminate use of the Service at any time by contacting the Advisor. Once Consumer has terminated use of the Service, Consumer
will have no further access to the Services and all documents retained in the document storage service will be deleted.
LPL may modify or discontinue offering the Services at any time, with or without notice, for any reason or no reason.
The Service may provide links to web sites not operated by LPL or any of its technology vendors. LPL provides links to such
third party web sites for Consumer's convenience and may be removed at any time. LPL does not investigate the quality, accuracy or
completeness of any content on third party web sites. Consumer acknowledges and agrees that LPL is not responsible or liable for
any content, advertising, products or other materials on or available from third party web sites.
THE SERVICE IS FURNISHED "AS IS" AND WITHOUT ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES INCLUDING, WITHOUT LIMITATION, MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AVAILABILITY OF ALL OR ANY PART OF THE SERVICE, AND FREEDOM FROM ERRORS, VIRUSES, BUGS OR OTHER HARMFUL COMPONENTS.
LPL SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES EVEN IF ADVISED OF THE POSSIBILITY OF THE SAME.
IF THE FOREGOING DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY IS HELD TO BE UNENFORCEABLE, CONSUMER AGREES THAT LPL'S LIABILITY TO
CONSUMER, WHETHER IN TORT, CONTRACT OR OTHERWISE, FOR ALL CAUSES SHALL NOT EXCEED IN THE AGGREGATE $500.
If any clause or provision set forth in this Agreement is determined to be illegal, invalid or unenforceable under present or future law, then
the clause or provision so determined to be illegal, invalid or unenforceable shall be severable without affecting the enforceability of all
remaining clauses or provisions.
This Agreement, including but not limited to, dispute resolution and Consumer's access to and use of the Service, shall be governed by the
customer account documentation between Consumer and LPL. This Agreement, together with any other terms, conditions and agreements that may
be entered into by Consumer and LPL in connection with their relationship, or a specific product or service constitute the entire agreement
between Consumer and LPL.
Securities and Advisory Services offered through LPL Financial - A Registered Investment Advisor,
Please refer to the Disclaimer page for limitations and conditions regarding this application.
Investment Advice and Financial Planning Services offered through CollaborativeWEALTH® - An SEC Registered Investment Advisor.