Terms of Service

Last Revised 3/24/2012


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:

Connections

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 Vault

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:

Alliance Partners

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:

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.