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The fine print
Last Updated: April 21, 2016

Overview

Your access to M1 Finance’s website is subject to the terms, conditions and disclaimers appearing on the website and these Terms of Use and M1’s Account Agreement (“Account Agreement”).

You must be at least 18 years of age to become a user of the website. You represent and warrant that you are 18 years of age or older and are fully able and competent to enter into, and abide by, the contract created by these Terms of Use and the Account Agreement.

Registration

When you register, you agree and understand that you are responsible for maintaining the confidentiality of your password, along with your e-mail address, which allows you to access certain portions of the website.

By providing M1 with your e-mail address, you agree to receive all required notices electronically to that e-mail address. It is your responsibility to update or change the e-mail address registered with M1, as appropriate. If you become aware of any unauthorized use of your information, please contact M1.

Further, by registering with M1 you are aware and consent that electronic signatures and electronic documents will be used instead of paper documents.

Consent to electronic delivery

M1 serves as an electronic-based broker-dealer providing self-directed brokerage services. By utilizing M1 services and opening an account, you agree and are giving consent to electronic delivery of all communications which includes, but is not limited to, all current and future account statements, trade confirmations, notices, disclosures, regulatory communications (including prospectuses, proxy solicitations and privacy notices) and other information, documents, data and records regarding your account all services provided by M1 (including amendments to M1’s Account Agreement) delivered or provided to you by M1.

Revocation of Consent

You may revoke or restrict consent to electronic delivery of M1 communications at any time, subject to the terms of the Account Agreement, by notifying M1. You have the right to request paper delivery of any communication that the law requires M1 to provide in paper form. If you revoke or restrict consent to electronic delivery, M1, at its discretion, may charge a service fee of up to $100.00 for the delivery of communications that would otherwise be delivered electronically, restrict your account, or close your account and terminate access to M1's services.

Duration of Consent

Your consent to electronic communications will be effective immediately and will remain in effect until either M1 or you revoke it. You understand that it may take up to three days to process a revocation of consent to electronic delivery and you may receive electronic notifications in the interim.

Costs

Potential costs associated with electronic delivery of communications includes internet access charges and telephone companies and such charges are borne by you. M1 does not charge you additional online access fees for receiving electronic delivery of communications.

Network Security and Reliability

You acknowledge that the Internet is not a secure network and that communications transmitted over the Internet may be accessed by unauthorized or unintended third parties. E-mail notifications sent by M1 will not contain sensitive or confidential information. Due to security risks, you should not send any sensitive information, such as account numbers or passwords in an unencrypted e-mail. E-mails may fail to transmit properly. Regardless of whether you receive an e-mail notification, you agree to check the M1 website to avoid missing time-sensitive information. You further agree that for your records, you can download and save or print the communications received via electronic delivery.

Site Availability

While we have put resources into building and testing our computer systems, computer glitches, slowdowns, and crashes will occur. We will also need to restrict access to some parts of our website or our entire website to perform routine maintenance. We will try to schedule our maintenance during the middle of the night.

While it is our intention that our website will be available seven days a week except when maintenance is scheduled (usually for weekends), you understand that we do not guarantee that you will always be able to access our website to place orders, or that your orders will always be executed. Computer problems can arise on your end, our end, or anywhere in between: your computer may break down; the connection between your computer and your Internet service provider may not work properly; your Internet service provider may go down; or our computers and the computers we link to may be unavailable due to unforeseen system outages.

When trading volumes soar on our nation's stock markets and many investors want to buy or sell at the same time, lines form and orders cannot be filled as quickly. You agree that we are not responsible for any losses or liabilities that may occur as a result of high trading volume, market volatility, or computer, telecommunications, or Internet failures, regardless of the cause.

Hardware and Software Requirements

You understand that to receive electronic deliveries, you must have internet access, a valid e-mail address, the ability to download and have ongoing access to applications as M1 may specify and a printer or other device to download and print or save any information you may wish to retain. M1 will notify you of any changes in the hardware and software requirements needed to access electronic records.

Information Subject To Limitations

The information and content available on or posted to the website may not be timely or complete, and should not be relied upon for making any investment or other decisions. Information, such as stock prices, is not real-time and the past performance results of a security available for purchase through the website is not an indication of future performance. Share prices used to value individual positions, or contribute to other performance information, are provided by third-party data providers and may not be timely and may not reflect certain activities such as corporate actions, fees and commissions. M1 cannot guarantee the accuracy or completeness of the information it receives from third-party sources of information and makes available on the website. M1 may cause pricing, performance or other information to be unavailable with respect to a particular security from time to time if M1 determines that such information is inaccurate.

M1 makes available hyperlinks from the website to third-party websites, as a convenience to users with the intention of allowing users to access additional investment-related information. You agree to access any such third-party websites through those hyperlinks at your own risk and to follow any rules and restrictions particular to those websites. M1 is not responsible for the content appearing on third- party websites hyperlinked from the website, nor does M1 make any endorsements or warranties, express or implied, with respect to the content of third-party websites, including the information, products or services offered on any third-party websites, including but not limited to accuracy, completeness, reliability, suitability, non-infringement, merchantability or fitness for a particular purpose. M1 does not guarantee the authenticity of information or documents available on the internet and reserves the right to terminate any link from the website at any time.

No Advice

You understand that M1, through the website or any interaction you have with representatives of the firm, provides no tax, legal, estate planning, or investment advice of any kind, nor do we give advice or offer any opinion with respect to the nature, potential value or suitability of any particular securities transaction or investment strategy. You understand that you are solely responsible for all investment decisions you make regarding the transactions made in your account. You further understand that while you may be able to access market data and other financial information from the website, the availability of such information does not constitute a recommendation to buy or sell any of the securities made available for purchase on the website (including securities appearing in any portfolios published by M1) or to engage in any investment strategy. Any investment decisions you make will be based solely on your own evaluation of your financial circumstances and investment objectives and the suitability for you of any security or any investment strategy. Any order entered using your password is yours and you are responsible for any outcome as a result of transactions that you initiate or that is initiated by any user of your account, including the possible loss of principal invested based on an investment decision you made. You understand the risks involved with transacting in the securities you maintain and that your investments will fluctuate in value, and you agree that M1 is not responsible for any losses you may incur as a result of your investment decisions and any trades made for your account.

By making information available to you on the website, M1 is not advising you to invest in any particular security or securities, or to pursue any investment strategy. M1 does not have access to information related to, and does not review or consider, your financial situation or tolerance for risk. Although M1 may provide tools that enable you to assess your own tolerance for risk, or otherwise assist to educate you in various ways, M1 does not determine if the tools and resources made available on the website will result in suitable investments designed to meet your particular investment needs. All investments have risks, and you are responsible for determining whether you can afford the risks of making any investment.

Consent and Representations

You hereby agree that you have carefully read the above information regarding informed consent, electronic signatures and delivery of materials and fully understand the implications thereof. You hereby agree to the conditions contained herein as of the date you submit your M1 application through the sign up process on the M1 website.

IRA Disclosure Statement

Please review IRS Publication 590 which contains important information about IRA Accounts. IRS Publication 590 is hereby provided at:

Investor education and protection notice FINRA conduct rule 2280

We are required by FINRA Conduct Rule 2280 to provide you with resources about the availability of information through FINRA’s BrokerCheck Program. Also, please be advised that FINRA offers an investor brochure describing the FINRA BrokerCheck.

FINRA

BrokerCheck Hotline Telephone Number: 800.289.9999*
*Monday-Friday from 8:00am – 8:00 pm Eastern Time (ET)

FINRA Brokercheck

P.O. Box 9495
Gaithersburg, Maryland 20898-9495
Fax: (204) 386-4750

FINRA Website

www.finra.org
Click on link to FINRA BrokerCheck. The online search application is available Monday-Friay from 7:00 a.m. to 11:00 p.m. ET Saturday-Sunday from 8:00 a.m. to 8:00 p.m. ET.

Receipt of Documents

You acknowledge that you have received all the documents contained herein as of the date you submit your M1 application through the sign up process on the M1 website.


Check the background of M1 Finance LLC on FINRA's BrokerCheck

Member of SIPC. Securities in your account protected up to $500,000. SIPC insurance does not protect against loss in the market value of securities. For additional information visit www.sipc.org. Securities and services are provided to clients of M1 by M1 Finance LLC, member FINRA/SIPC. Investments are not FDIC insured and may lose value. Investing in securities involves risk and there is always the potential of losing money when you invest in securities. Please consider your objectives and M1 fees before investing. Past performance is not a guarantee of future results. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdiction where M1 Finance LLC is not registered.

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