5. Scope of our advice

  1. Vault provides a restricted advice service in that we will only advise you on your Recommended Allocation and not other types of investments that might be relevant to a Retail Client investor. Examples of other investments will include life policies, structured products or investment trusts. Unless otherwise agreed with you, we do not provide advice on direct investment in stocks and shares.

  2. Following our assessment of your objectives and investor profile, we will provide the Recommended Allocation that we consider suitable for you.

  3. We will keep the Recommended Allocation under review to ensure it remains suitable for you, given your investor profile. Our Recommended Allocations may be made with a view to long term investment, taking into account your time horizon and risk tolerance for falls in the value of your investment. Vault may elect not to change your Recommended Allocation to take account of short or medium term performance.

  4. You agree that you are not obliged to accept any advice provided, or recommendation made, by us (including any Recommended Allocation) and unless otherwise provided for, you retain sole control and authority over your trading and investment decisions and shall be entitled to determine, in your sole discretion, whether to accept, reject or implement an advice, recommendation or opinion (including any investment strategy) made by us.

  5. You may at any time elect to vary your Investment Strategy, provided that we are not obliged to agree to provide the services hereunder to you on the basis of your proposed investments. You further understand that you shall be solely responsible for ensuring that your proposed strategy and investments entered into are suitable and appropriate for you, taking into account your specific objectives, financial situation, investment experience, knowledge and particular needs.

  6. We will act on your instructions, indicated by your confirmation of your Investment Strategy, and pursuant thereto you agree that:

    1. we may recommend investments to you or otherwise manage your portfolio in accordance with your Investment Strategy and you authorize us to withdraw and invest monies in your Account, as your agent and at your sole risk and account, in the relevant investments;

    2. we may enter into any kind of transactions or arrangement for you and to invest in any types or investments or other assets and, without limitation, to close out transactions, deal with your assets including selling such assets or settling a sale order on your behalf to give effect to your Investment Strategy

    3. all transactions, arrangements entered into and actions taken by us on your behalf, including the collection, delivery and receipt of funds or assets, all payments, closing out and unwinding or transactions, will be made by us as your agent, for your sole account and at your sole risk.

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