Stash It Forward Program
Solicitation Disclosure Statement
Effective as of October, 2nd 2023 (the “Effective Date”)
You have received a designated referral invitation to participate in this rewards program. In order to participate, you must open one of the qualifying accounts outlined below in accordance with these terms and conditions. Your referring friend who sent you this invitation is a Stash Investments LLC (“Stash”) customer and has done so through this Stash it Forward Program (the “Program”). This invitation does not constitute a statement of your friend’s experience with, or endorsement of, Stash. This Program is not offered or administered by Stash Capital LLC (“Stash Capital”).
Eligibility
To participate in this Program and receive a cash bonus or stock reward hereunder, you must complete the designated registration process for opening a Qualifying New Personal Portfolio or Qualifying New Banking Account, whichever occurs first, and your Qualifying New Personal Portfolio or Qualifying New Banking Account must be and remain in good standing (as defined below).
To constitute a "Qualifying New Personal Portfolio" hereunder, you must (i) complete the designated registration process for opening a new individual taxable brokerage account advised by Stash (a “Personal Portfolio”) by using the special designated referral link included in your invitation received from your referring friend, (ii) link a funding source (e.g. an external bank account) to your Personal Portfolio, and (iii) initiate and complete a minimum deposit of at least one cent ($0.01) from your funding source into your Personal Portfolio.
To constitute a “Qualifying New Banking Account” hereunder, you must (i) complete the designated registration process for opening a Stash banking account provided by an unaffiliated FDIC Member partner bank (“Partner Bank”) (a “Stash Banking account”), by using the special designated referral link included in your invitation received from your referring friend, (ii) link a funding source (e.g. an external bank account) to your Stash Banking account, and (iii) initiate and complete a minimum deposit of at least one cent ($0.01) from your funding source into your Stash Banking account.
For the avoidance of doubt, in the event you only complete the designated registration process to receive the Financial Counseling Service (if applicable, as such term is defined in your Advisory Agreement) from Stash, or you do not otherwise complete the designated registration process for opening a Personal Portfolio or a Stash Banking account (as applicable) in accordance with these Program Terms, you will not be eligible to participate in this program. For purposes of this program, a deposit of funds shall be considered complete once the transaction has fully settled in your account.
Cash Bonuses & Stock Rewards
Subject to these terms and conditions, after you open either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first, Stash will compensate you and your referring friend in the form of either a cash bonus or a stock reward (as defined below). You and your referring friend will each receive an offer message directly from Stash that will include the type of compensation (e.g. a cash bonus or a stock reward) and the exact amount of such compensation that you and your referring friend will be eligible to receive.
You understand that your referring friend may be eligible to receive additional cash bonuses or stock rewards for referral invitations they send to any of their other referee friends that open either a Qualifying New Personal Portfolio or Qualifying New Banking Account in accordance with the terms of the Program.
The maximum amount of compensation that your referring friend may be rewarded under the Program, in the aggregate, either in the form of cash bonuses or stock rewards is $1,000 in the preceding twelve (12) calendar months, which shall be determined by Stash in its sole discretion. For the avoidance of doubt, in the event you open up both a Qualifying New Personal Portfolio and a Qualifying New Banking Account in accordance with these terms and conditions, you and your referring friend will only be eligible to claim one (1) reward, as specified in your offer.
Cash Bonuses
If you and your referring friend are offered a cash bonus from Stash, then upon you opening either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first:
The actual amount of cash bonuses that Stash will deposit will vary within the thresholds noted above and will be specified in an offer message from Stash to you and your referring friend.
Cash bonuses received hereunder must remain in your Qualifying New Personal Portfolio for ninety (90) days beginning from the date the cash bonus is deposited into your Qualifying New Personal Portfolio and for the entirety of the 90-day period, which shall be determined by Stash in its sole discretion. The cash bonus awarded by Stash hereunder is a fixed cash value and does not constitute stock or any other security, nor is it a recommendation to buy any specific stock or other security. The value of any cash bonus hereunder may be taxable income to you. You are responsible for any federal or state taxes resulting from receipt of a cash bonus. Please consult your tax advisor if you have questions about the tax treatment of a cash bonus.
Stock Rewards
The term stock reward (“Stock Reward”) hereunder means a fractional or whole share of stock of a certain publicly-traded company and/or exchange-traded fund (“ETF”) that Stash may offer to you and your referring friend as a form of compensation hereunder.
If you and your referring friend are offered a stock reward from Stash, then upon you opening either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first, the following will apply:
The actual amount of each stock reward will vary within the thresholds noted above and will be specified in an offer message from Stash to you and your referee friend.
Stash reserves the right to modify the stock reward and cash bonus amount at its discretion.
In order to accept an offer to earn a stock reward hereunder, you must claim your stock reward by completing the interactive instructions on the Stash Platform (as defined below) within seven (7) calendar days from the date that you open either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first (“Offer Period”). If you fail to claim your stock reward during your Offer Period, you will forfeit your stock reward and Stash will instead deposit a cash bonus into your Qualifying New Personal Portfolio corresponding to the cash value of your stock reward. Stash reserves the right to determine whether you’ve claimed a stock reward hereunder, and may calculate any such replacement cash bonuses in its sole discretion. Any such cash bonuses remain subject to these terms and conditions.
Stash will determine the list of such publicly-traded companies and/or ETFs 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 publicly-traded companies and/or ETFs that may comprise a stock reward hereunder from time-to-time in its sole discretion without notice to you.
Crediting a Stock Reward to Your Personal Portfolio
By accepting an offer to earn a Stock Reward hereunder, 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 stock, including the information available to you through the Stash applications and website (collectively, the “Stash Platform”) about such stock, before choosing to accept a Stock Reward hereunder. Neither this Program 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 from time to time in its sole discretion.
To deliver a Stock Reward to your Personal Portfolio, Stash will convert the monetary amount of your Stock Reward into a stock position based on the reported lowest execution price of the relevant stock from the current business day, and Stash will direct Stash Capital to purchase those shares of stock in its proprietary account (“Stash Capital Proprietary Account”). Upon the trade settlement date, Stash will instruct Stash Capital to journal the Stock Reward position to your Personal Portfolio through a journal entry. If a Stock Reward transaction completes outside of the trading window to fulfill Stock Rewards (a” Rewards Window)” on the current trading day and before the start of the Rewards Window on the next trading day, the reported lowest execution price of the stock on the next trading day shall be used.
By accepting an offer to earn a Stock Reward, you are authorizing Stash to direct, and Stash Capital to execute, orders to buy the specific stock offered to you through a journal entry from the Stash Capital Proprietary Account. Any stock reward may take up to four (4) 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 receive a cash bonus instead, or the ability to subsequently sell any stock reward earned under this Program after you receive it in your Personal Portfolio, provided, however, that in each such case, the replacement cash bonus or the sale proceeds must remain in your Personal Portfolio for ninety (90) days beginning from the date the cash bonus or the stock reward is initially deposited in your Personal Portfolio and for the entirety of the 90-day period, which shall be determined by Stash in its sole discretion. For additional information related to your Stock Reward, you may review the transaction details in the portfolio activity section available through the Stash Platform. In order to fulfill your Stock Rewards, Stash and Stash Capital have entered into an agreement whereby Stash Capital, an affiliate of Stash (also referred to as “Service Provider”), is paid a service fee (“Service Fee”) to purchase and manage stock inventory (“Inventory”) in the Stash Capital Proprietary Account.
By participating in the Program, you grant Stash the limited discretionary authority required to complete the securities transaction necessary to complete each Stock Reward. This discretionary authority is in addition to the limited discretionary authority you have already granted to Stash pursuant to the Advisory Agreement, as amended, that you agreed to when you opened your Personal Portfolio. Accordingly, your acceptance of these Program Terms and participation in the Program 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.
Other Program Information
The term “Stash” refers to Stash Investments LLC. Stash Investments LLC is an SEC registered investment adviser. You may view Stash’s Wrap Fee Brochure, our Advisory Agreement and other customer agreements at https://www.stash.com/disclosurelibrary. Stash is not responsible for incorrect entry or other failure on your part to meet standards for qualifying for the cash bonus or stock reward specified hereunder. By choosing to participate in this Program, you are expressly acknowledging and agreeing that the individual who referred you to Stash will be notified when you open a Qualifying New Personal Portfolio or a Qualifying New Banking Account (as applicable), including updates as you complete the account opening process for either such account.
This rewards program is not valid with any other offers and any rewards are non-transferrable. Offer available to U.S. residents only. Stash reserves the right to terminate or amend this offer or the Program at any time and to refuse or recover any cash bonus or stock reward hereunder if Stash determines that such cash bonus or stock reward was obtained under wrongful or fraudulent circumstances, or was awarded to you in error, or that you received this offer from Stash in error, or that inaccurate or incomplete information was provided in opening your account, or that any terms of your Advisory Agreement, Terms of Use, these terms and conditions, or the Program terms have been violated. Tax-advantaged accounts (including Stash Retire and Stash Custodial accounts) and a Stash Smart Portfolio are not eligible for this rewards program and do not constitute a Qualifying New Personal Portfolio hereunder.
Stash and/or Partner Bank reserve the right to determine in our/its sole or joint discretion whether an account is closed and/or in good standing. An account in good standing for purposes of this rewards program is an account for which all required account opening documentation has been completed and verified, and is not locked, or restricted, or otherwise flagged in any way. If either account is closed or not in good standing for any reason at any time, any cash bonuses or stock rewards will be forfeited.
Investing Involves Risk. 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 customers prior to Stash accepting a signed advisory agreement does not constitute investment advice and should not be relied on as such. Investment advice is only provided to Stash customers. Investment products, stock rewards, and services are offered by Stash, not Partner Bank, and are Not FDIC Insured, Not Bank Guaranteed and May Lose Value.
Bank Account Services are provided by Partner Bank and Stash Mastercard® Debit Card is issued by Partner Bank, Member FDIC, pursuant to a license from Mastercard International. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Deposits under any Partner Bank trade names are deposits with Partner Bank and are aggregated for deposit insurance coverage allowable up to the limits. This Program is not sponsored or endorsed by Partner Bank, Mastercard, or any of their respective affiliates, and none of the foregoing has any responsibility to fulfill any aspect of this Program.
If, for any reason, the Program is not capable of running as planned, whether due to infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of Stash which corrupts or affects the administration, security, fairness, integrity, or proper conduct of the Program, Stash reserves the right in its sole discretion, to disqualify any individual who tampers with the Program, and to cancel, terminate, modify or suspend the Program. In the event of termination, Stash may in its sole discretion award cash bonuses or stock rewards (as applicable) to those who have satisfied the eligibility criteria set forth herein up until the time of termination. Stash assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Program. Stash is not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, failure of any e-mail or entry to be received by Stash on account of technical problems, human error or traffic congestion on the Internet or at any web site, or any combination thereof, including any injury or damage to any person’s computer related to or resulting from participation in the Program.