1. Exceptions apply. Accounts that are invested in a strategy over which AssetMark exercises some level of investment management or are Internal Revenue Code Section 403(b)(7) custodial accounts are not eligible to participate in the ICD program.
2. AssetMark Trust, in its discretion, may determine that your account, or a particular strategy held in your account, is ineligible to participate in the ICD Program.
3. The list of Program Banks may change from time to time. Program Banks may be excluded from receiving program deposits in the event that total assets at a Program Bank (including assets that are held with the bank outside of AssetMark Trust’s ICD Program) exceed the FDIC insurance limits. Note that AssetMark Trust will provide you with notice of the changes as soon as is reasonably practicable. It is your obligation to monitor your account(s), your FDIC coverage and your FDIC insurance eligibility. See www.FDIC.gov for more details regarding FDIC insurance coverage.
4. The interest rates paid to clients will vary over time. The interest rates on the program deposits may be lower than the rate of return on other account investment vehicles that are non-FDIC insured or on bank account deposits offered outside of the ICD Program.