Updated Feb 19, 2025
Silo Cash Back Agreement
This Silo Cash Back Program Agreement (the “Agreement”) sets forth the terms and conditions for a customer (“member”) to enroll in the Silo Cash Back Program (the “Program”), as described herein. The Program is offered by Silo Financial LLC (“Silo”), a registered investment adviser. Brokerage services are provided to Silo clients (“Clients”) by Interactive Brokers LLC (“IBKR”), a registered broker-dealer and member of FINRA and SIPC.
Program Overview
The Program allows members to earn 0.5% annually on their entire account balance, including bonds, stocks, ETFs, cash, and other assets that contribute to their net liquidation value. There is no minimum account balance to enroll. Accounts will receive cash back payments on up to $1,000,000 in net liquidation value ($5,000 maximum annual payment).
Cash Back Calculation and Payment
Members will receive their cash back payments on a monthly basis, with 1/12 of the 0.50% distributed each month, calculated based on the net liquidation value on the last day of the previous month. Payments will be made within the first ten days of each month to the bank account linked to the user’s Silo account unless the member requests an alternative arrangement. Since account balances fluctuate, the cash back amount may vary accordingly. To receive a payment, members must link a bank to their Silo account. A Silo representative may reach out to you if you do not have a bank linked.
Membership Fees and Cancellation
To participate in the program, members must formally opt in and agree to an annual upfront fee of $500. If a member decides to cancel their enrollment within the first 30 days of joining the program, they will receive a full refund of their membership fee. If cancellation occurs after this period but before the twelve-month renewal period, members will receive cash back payments until their 12-month period ends and no refund will be issued.
Member Support and Assistance
Once enrollment is confirmed, members will receive an email detailing the next steps, including an option to schedule a call with a dedicated Silo agent for personalized assistance. The agent will be available to help facilitate the transfer of existing positions into Silo or to assist with the allocation of deposited funds based on the member's preferences.
Program Modifications and Termination
Silo retains the right to modify or terminate the program at its discretion. In the event of termination, members will be given thirty days' written notice, and Silo will honor the remainder of the current service period while ensuring non-renewal for future cycles.
Disclosures and Limitations
Participation in the Silo Cash Back Program does not constitute investment advice, nor does it establish an advisory relationship beyond the standard services provided by Silo. The information available on Silo's website serves as general guidance and should not be interpreted as a solicitation for securities transactions or personalized investment recommendations. Additionally, while Silo endeavors to provide accurate financial estimates, it does not guarantee the accuracy of calculations such as those presented in the "Estimate Your Savings" tool.
Acknowledgment and Agreement
By enrolling in the Silo Cash Back Program, you acknowledge that you have read and agreed to this Agreement and all incorporated terms and conditions.
Silo Financial LLC is a registered investment adviser located in Austin, Texas. This Agreement is governed by the laws of the State of Texas.
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