Stock Reward Promotion for Annual Upgrade Terms and Conditions
Promotion Terms and Conditions
Effective May 15, 2023 (the “Effective Date”), When you meet the eligibility requirements set forth below and upgrade your monthly Stash Fee (as defined in your Advisory Agreement) billing frequency from monthly to annual in accordance with the requirements described below, you will be eligible to receive a one-time stock reward of your choice or a stock reward of our choice (as described in your offer) into the cash balance of your Personal Portfolio, as further described below. This Promotion is subject to the terms and conditions stated herein (the “Promotion Terms”).
To be eligible for this Promotion and receive a Stock Reward (as defined below), you must satisfy the following conditions within the specified time periods included in your offer message to participate in this Promotion (your “Offer Period’): (i) receive an offer message with Stash to participate in this Promotion; (ii) complete the interactive instructions included in your offer message (iii) successfully update your Stash Fee billing frequency from monthly to annual by following the instructions in your offer AND complete your subscription payment for annual billing. In addition, to be eligible to receive this promotional offer, you must have an individual taxable brokerage account advised by Stash Investments LLC that is in good standing (a “Personal Portfolio). For the avoidance of doubt, in the event you only complete the designated registration process to receive the Financial Counseling Service (as defined in your Advisory Agreement) from Stash, or you otherwise do not complete the designated registration process required for opening a Personal Portfolio, you will not be eligible to receive a stock reward under this Promotion. Further, the annual billing period starts on your initial billing date and lasts for the following twelve (12) calendar months.
If you satisfy all of the conditions stated in the previous paragraph, Stash will credit your Personal Portfolio with a stock reward corresponding to the publicly-traded security that you selected or that we selected on your behalf in step (ii) above in an amount equal to the amount specified in your offer to participate in this offer (a “Stock Reward’). You must accept your offer to receive your Stock Reward in accordance with the terms specified in your offer. Stash may rescind any offer to receive a Stock Reward hereunder in its sole discretion before you accept it without notice to you. Stash will determine the list of such publicly-traded securities that may comprise a Stock Reward in its sole discretion from all publicly-traded securities available for purchase on the Stash Platform and may change the predetermined selection of publicly-traded securities from time to time without notice to you.
You are only eligible to receive one (1) Stock Reward under this Promotion. Further and for the avoidance of doubt, tax-advantaged accounts (including Stash Retire and Stash Custodial accounts) and a Stash Smart Portfolio are not eligible for this Promotion. The cash value of your Stock Reward (as described below) must remain in your Personal Portfolio for ninety (90) calendar days beginning from the date the cash is deposited into your Personal Portfolio and for the entirety of the 90-day period. The Stock Reward deposited by Stash is not a recommendation to buy any specific stock or other security, nor does it constitute investment advice. Your Personal Portfolio must be in good standing to participate in this Promotion and receive the one-time Stock Reward hereunder. Stash reserves the right to determine in its sole discretion whether an account is closed and/or in good standing. An account in good standing for purposes of this Promotion is an account for which all required opening documentation has been completed and verified and is not locked, restricted, or otherwise flagged in any way. If your Personal Portfolio is closed or not in good standing for any reason at any time, your eligibility to participate in this Promotion and any Stock Reward you receive will be forfeited.
Crediting Your Stock Reward
By accepting an offer to earn a Stock Reward, you are making a decision to invest in that specific underlying stock, and you agree that it is your responsibility to review and carefully consider the underlying stock, including the information available to you through the Stash mobile applications and website (collectively, the “Stash Platform”) about such underlying stock, before choosing to accept a Stock Reward hereunder. Neither this Promotion itself nor the stock available to be earned through it is a recommendation to buy any such specific stock. The value of any Stock Reward you receive may fluctuate over time due to a variety of factors. Please refer to the Stash Platform for a list of all investments that are available for purchase. Stash reserves the right to change the list of investments available on the Stash Platform at any time and at its sole discretion.
By accepting a Stock Reward hereunder, you are agreeing to initiate a “buy” order for such underlying stock in the amount of your Stock Reward. To deliver a Stock Reward to your Personal Portfolio, Stash Investments LLC will deposit the monetary amount of your Stock Reward into your Personal Portfolio and automatically initiate a “buy” order for such underlying stock in the amount of the Stock Reward. By accepting an offer to earn a Stock Reward, you are authorizing Stash Investments LLC to direct and Stash Capital LLC to execute an order to buy the specific underlying stock offered to you. A Stock Reward may take up to five (5) business days to be reflected in your Personal Portfolio. For the avoidance of doubt, you have the ability to decline the offer to earn any Stock Reward, and the ability to sell any Stock Reward earned under this Promotion, after you receive it in your Personal Portfolio.
By participating in this Promotion, you grant Stash Investments LLC the limited discretionary authority required to complete the securities transaction necessary to complete the Stock Reward. Specifically, Stash Investments LLC will have discretion over the cash credited to your Personal Portfolio pursuant to these Promotion Terms only to the limited extent necessary to fulfill your Stock Reward. This discretionary authority is in addition to the limited discretionary authority you have already granted to Stash Investments LLC pursuant to your Advisory Agreement, as amended, that you agreed to when you opened your Personal Portfolio. Accordingly, your acceptance of these Promotion Terms and participation in this Promotion expressly amends and modifies your Advisory Agreement as of the date you initially accept these terms, and you are hereby notified of such amendment and modification by these terms.
Investing Involves Risk. The information shown is strictly for illustrative and educational purposes only and should not be considered a solicitation to buy, an offer to sell, or a recommendation for any security in any jurisdiction where such an offer, solicitation or recommendation would be unlawful or unauthorized. Any preliminary information provided to prospective clients prior to Stash Investments LLC accepting a signed Advisory Agreement does not constitute investment advice and should not be relied on as such. Investment products, Stock Rewards, and services are offered by Stash, not Stride Bank, and are Not FDIC Insured, Not Bank Guaranteed and May Lose Value.
These Promotion Terms are for informational purposes only, and you should not construe any such information or related materials, or the Stock Reward or this Promotion itself, as legal, tax, investment, financial, or other advice. All content associated with this Promotion is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this Promotion constitutes investment advice, nor does any information in this Promotion constitute a comprehensive and complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information displayed through this Promotion before making any decisions based on such information. In exchange for participating in this Promotion, you agree not to hold Stash, or any third party service provider liable for any possible claim for damages arising from any decision you make based on information made available to you through this Promotion.