Referral Program – Disclosures

Terms and Conditions for Referrer

Through the Vested Referral program you may invite friends to sign-up for a “Vested” account (Vested refers to accounts of Vested Finance IA or VF Securities BD) by sending them an invitation via the Vested interface, and your efforts in soliciting clients to Vested will be limited to this activity.

This program intends for you to invite others to open a Vested account by utilizing the referral link and sharing tools we provide. Whenever and wherever you refer a friend under the Program, any additional statements you make, of which are not provided by Vested, about our investment advisory services, must be consistent with the content and materials we provide you and/or your friends and truthful, accurate, factually supported, not misleading. Any modification or efforts to bypass, manipulate, obscure or otherwise modify the delivery and accurate presentation of the referral link, sharing tools, content, disclosures or other materials and instructions we provide will be considered a violation of these terms.

To the extent you decide to post your referral link on any third party website or platform, such as a social media website, you must also comply with that third party’s terms of use. You should also be aware that by engaging in any such activity on a third party site (1) you will be at your own risk, subjecting yourself to those third party sites’ privacy, security and consumer practices and policies which Vested does not endorse or control, and (2) that those third party sites may be able to tell, based on your activity, that you have a Vested account. You also acknowledge and accept that the friends you refer will be able to tell that you have a Vested account.

To participate in the Referral Program offer you must complete the account opening process. A “Qualifying New Funded Account” is a new individual Vested account opened by your Vested referee friend using the special designated link or code from your invitation that is funded by the referee’s own funds. Vested is not responsible for incorrect entry or other failure on the part of your referees to meet standards of a “Qualifying New Account”. You cannot earn Vested Points  for referring individuals who already currently have a Vested account or for individuals who have been referred by someone else. Accounts opened with the same PAN number or the same mobile number are not Qualifying New Accounts. If two or more individuals invite the same individual to open a “Qualifying New Account”, Vested will credit Vested Points  to the person whose referral link was used to complete the signup process.

Generally, the Vested Referral program varies depending on where you reside.

If you are not a resident of India, for each “Qualifying New Funded Account” Vested will credit your account with up to $10 worth of rewards in the form of Vested Points. Furthermore, Vested will also credit up to $10 worth of rewards in the form of Vested Points into the referee’s Vested account. The Vested Points credited to your account can be redeemed for rewards offered by Vested in the form of cash, stocks or Vested services (as may be made available by Vested). You can view the disclosure for our Rewards program here.

If you have registered your Vested account’s tax residency as India, your account may be eligible to receive additional Vested Points for every “Qualified Deposit Activity”. A Qualified Deposit Activity is a deposit made through Vested Direct by any account in your referral chain.

Users whom you refer to Vested form the first level of your referral chain. Users who are referred to Vested by your referrals form the second level of your referral chain. Users who in turn are referred by your referrals’ referrals are the third level, and so on. Your referral chain ends whenever a new referred account in your chain does not have their registered tax residency as India or if the referred account is 6 or more than 6 levels apart in your referral chain.

For every Qualified Deposit Activity at each level in your referral chain, your account will be credited with Vested Points equal to:

  • 10% of the amount of the Qualified Deposit made through accounts at the 1st level in your referral chain
  • 5% of the amount of the Qualified Deposit made through accounts at the 2nd level in your referral chain
  • 2.5% of the amount of the Qualified Deposit made through accounts at the 3rd level in your referral chain
  • 1.3% of the amount of the Qualified Deposit made through accounts at the 4th level in your referral chain
  • 0.65% of the amount of the Qualified Deposit made through accounts at the 5th level in your referral chain

No Vested Points will be credited to your account for Qualified Deposits made through accounts from the 6th level onwards in your referral chain

Your Advisory Agreement with Vested governs our investment advisory relationship with you and these terms and conditions here do not in any way amend, supersede, change or replace your Advisory Agreement. This promotion is not valid with any other offers and is non-transferrable. Any controversy or claim arising out of or relating to these terms and agreements, or the breach thereof, shall be settled and subject to final and binding arbitration administered by the American Arbitration Association pursuant to its rules then in effect, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Arbitration must be commenced by service of a written demand for arbitration or a written notice of intention to arbitrate upon the other party. Any such arbitration shall be held in the city and state where Vested’s principal office is located at the time such arbitration is commenced. The parties agree that there shall be no right or authority for any claims to be arbitrated on a class action basis, and you expressly waive any right to bring a class action lawsuit or arbitration against Vested.

Vested reserves the right to terminate this offer at any time, to alter or limit the type or amount of bonuses you are eligible to receive, and to refuse or recover any promotion award if Vested determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of the Advisory Agreement have been violated. Vested reserves the right to suspend, cancel, terminate or modify this program and/or these terms and conditions at any time in its sole discretion. You are deemed to be aware of and bound by such changes by your continued access to or participation in the program. We will indicate that changes have been made by presenting these terms and conditions at the time of your making a referral anytime after an update to these terms and conditions. This offer is valid only for new individual accounts with Vested. Please send invites only to people who will be glad to receive them. To qualify for the bonus, referred friends must open a KYC-approved Vested account and fund their account with their own funds.

Your participation in the Vested Referral program is subject to your agreement to the following terms. If you do not accept any such changes, your sole and exclusive remedy is to cease participation in the program.

In referring friends to open a Vested account you are acting on behalf of Vested and under the supervision and control of Vested and hereby agree to perform duties under these terms and agreements in a manner consistent with the instructions of Vested. You agree to limit the information you provide in connection with the referral to the referral web page and content provided by Vested. You agree that your participation in the Vested Referral program will conform to the terms contained herein as well as the provisions of the Investment Advisers Act of 1940, 15 U.S.C. § 80b-1, and the rules thereunder.

You hereby represent that: (1) you are not subject to any statutory disqualification set forth in Sections 203(e) and 203(f) of the Investment Advisers Act (or any amended or replacement regulatory provision(s)); (2) you are not currently the subject of any investigation or proceeding which could result in statutory disqualification; and (3) you do not have a “place of business” at which you regularly provide investment advisory services, solicit, meet with, or otherwise communicate with clients, or any other location that is held out to the general public as a location at which you provide investment advisory services, solicit, meet with, or otherwise communicate with clients in any U.S. state. If you cannot accurately make the preceding representations, you may not participate in the Vested Referral program. If you are currently participating in the Vested Referral program and the preceding representations become inaccurate, you agree to immediately inform Vested at help@vestedfinance.co.