4. Scope of the Service

  1. Vault will assist in the set-up of an Account for you, and you authorize us to:

    1. at your request/instruction, provide you with investment advisory and management services (within a range as may be specified by us) and accordance with the terms of the Agreement;

    2. provide you with a Recommended Allocation for your personal Investment Strategy. This recommends that the balances in your Account are allocated into one or more Investment Portfolios incorporating the various Investment Methodologies and Investment Executions and balanced according to our assessment of what is suitable for you. This is based on our consideration of your responses to our risk tolerance questions and any other specific circumstances that you communicate to us; and

    3. transmit buy/sell trade orders on your behalf to the IBKR for execution, based on your instructions, including the Investment Strategy that you decide to adopt.

  2. You will deposit your monies directly into your Account. You understand that the laws and practices relating to your Account shall be those applicable to IBKR, including the United States Securities and Exchange Commission and the Financial Industry Regulatory Authority, and this may affect your ability to recover the funds deposited in your Account.

  3. In the event of insolvency of the IBKR, you understand that you may not be able to fully recover your monies.

  4. You agree that:

    1. in the event of insolvency or default of IBKR, you understand that you may not be able to fully recover your investments held with IBKR. Any shortfall in the investments may be shared among you and other clients of IBKR pro rata;

    2. we shall not be liable to you for any and all loss suffered or incurred by you as a result of any act, omission or insolvency of IBKR;

    3. where investments are denominated in a foreign currency, the investments may be held in an omnibus custody account with an entity which is licensed, registered or authorised to act as a custodian in the country or territory where such investments are held. In such case, you understand that the laws and practices relating to custody accounts in the relevant jurisdiction may differ. Depending on the jurisdiction, this may affect your ability to recover the investments deposited with IBKR;

    4. your investments with IBKR are governed by the IBKR Account Terms;

    5. IBKR and Vault shall have viewer access to your Account which will enable IBKR and Vault to view your Account details and holdings.

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