Introduction
This Silo Platinum Cash Program Agreement (the “Agreement”) sets forth the terms and conditions for a customer (“You”) to enroll in the Silo Platinum Cash plan (the “Program”). 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
Under the Platinum Cash plan, eligible clients earn 1% annual cash back on their account’s net liquidation value (NLV), capped at the first $500,000 of NLV. This results in a maximum of $5,000 in annual cash back. To qualify for cash back in any month, clients must maintain a minimum NLV of $25,000 as of the last business day of that month. The Program is available exclusively to subscribed clients who maintain eligibility.
Subscription Payments and Billing
The subscription fee is $80 per month. Any subscription that begins on or before 11:59 p.m. Pacific Time on the last day of a calendar month is eligible for a cash back payment in the following month, provided all other eligibility criteria are met. Subscription fees are non-refundable unless Silo determines otherwise in exceptional circumstances. Clients may contact Silo Support with an explanation to request a refund.
Upgrades, Downgrades, and Cancellation
You may upgrade your plan at any time; the higher plan’s terms will apply beginning with the next calendar month following the upgrade, and cash back will reflect the upgraded plan starting that month. Downgrades and cancellations take effect at the end of the current billing cycle. A final cash back payment for that cycle will be issued if eligibility requirements are met. After cancellation, no additional charges will occur unless you re-subscribe.
Cash Back Payment Terms
Cash back is calculated based on the NLV reported by IBKR as of market close on the last business day of each month. Monthly cash back equals 1% of NLV on an annualized basis, divided by 12, and applies only to NLV up to $500,000. If your NLV is below $25,000 at month-end, no cash back payment will be made in the following month. Payments are made during the first ten days of the subsequent month to the bank account associated with the most recent deposit into the Silo account unless you specify otherwise. Your Silo account must be open and in good standing with IBKR at month-end and on the payment date to receive payment.
Program Modifications and Termination
Silo retains the right to modify or terminate the program at its discretion. In the event of terminations, members will be given thirty day’s written notice, and Silo will honor the remainder of the current service period while ensuring non-renewal for future cycles.
Taxes and Reporting
Cash back payments may be taxable. Where required, Silo may report payments to the Internal Revenue Service on Form 1099-MISC or other applicable forms. You are responsible for any tax liabilities associated with cash back and should consult a tax advisor
Disclosures and Limitations
Participation in the Program does not constitute investment advice and does not create an advisory relationship beyond standard advisory services. Information on Silo’s website is general and should not be construed as a personalized recommendation or a solicitation to transact in securities. Silo does not guarantee the accuracy of performance projections or tools, including savings calculators or estimated earnings figures. Silo may withhold, reverse, or adjust payments in cases of error, ineligibility, suspected fraud or abuse, or manipulation of balances near month-end.
Social Media and Promoter Disclosures
All investing involves risk, and past performance does not guarantee future results. Silo may use paid promoters, endorsements, and testimonials on platforms such as YouTube, TikTok, and Instagram. These promoters may receive flat-fee compensation or variable compensation based on the number of clients referred, which may present a conflict of interest. Silo may issue press releases or authorize coverage by third-party publishers and may compensate such publishers with cash or soft-dollar benefits, including backlinks. Additional disclosures are available at https://www.silomarkets.com/disclosures.
Acknowledgment and Agreement
By enrolling in this Program, you confirm that you have read, understood, and agreed to all terms of this Agreement.
Silo Financial LLC is a registered investment adviser located in Austin, Texas. This Agreement is governed by the laws of the State of Texas.
