Adviser Compensation. (a) Unless otherwise set forth on the annexed Schedule “A”, the ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Schedule “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in accordance with required regulatory procedures; (c) In the event that there is insufficient cash in the Account, the ADVISER is authorized to determine, without prior consultation with the CLIENT, which positions within the Account shall be liquidated to pay ADVISER's fee; (d) In addition to ADVISER’s annual investment management fee, CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and (e) No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the
Appears in 12 contracts
Samples: Non Discretionary Investment Advisory Agreement, Non Discretionary Investment Advisory Agreement, Non Discretionary Investment Advisory Agreement
Adviser Compensation. (a) Unless otherwise set forth on the annexed Schedule “A”, the The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Schedule Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advancearrears, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT;
(b) CLIENT authorizes the custodian Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in accordance compliance with required regulatory procedures. ADVISER provides information about the fees it charges to the CLIENT to the Custodian at the same time it sends a copy of its invoice to CLIENT. The Custodian sends quarterly statements to the CLIENT showing all disbursements for the account, including the amount of the ADVISER’s fee;
(c) In the event that there is insufficient cash in the Account, the ADVISER is authorized to determine, without prior consultation with the CLIENT, which positions within the Account shall be liquidated to pay ADVISER's fee;
(d) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and
(ed) No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the
Appears in 4 contracts
Samples: Discretionary Investment Advisory Agreement, Discretionary Investment Advisory Agreement, Discretionary Investment Advisory Agreement
Adviser Compensation. (a) Unless otherwise set forth on the annexed Schedule “A”, the ADVISERThe Adviser’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith annexed hereto and made a part hereof as Schedule Exhibit “A”. This The annual portfolio management fee shall be prorated is billed and paid quarterly, payable quarterly in advance, advance based upon on the market value of the Assets your account on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENTClient;
(b) CLIENT Unless the Client pays the Adviser directly for its services (in which event Adviser’s fee is due and payable upon receipt of Adviser’s billing invoice), Client authorizes the custodian Custodian of the Assets to charge the Account for the amount of ADVISERthe Adviser’s fee and to remit such fee to ADVISER the Adviser in accordance with required regulatory procedures;
(c) In the event that there is insufficient cash in the Account, the ADVISER is authorized to determine, without prior consultation with the CLIENT, which positions within the Account shall be liquidated to pay ADVISER's fee;
(d) In addition to ADVISERAdviser’s annual investment management fee, CLIENT the Client shall also incur, relative to: [1] to all mutual fund and exchange traded fund purchases, charges imposed directly at the mutual fund level (e.g. management advisory fees and other fund expenses); and [2] independent investment managersthat the client will bear the cost of all securities purchased for the client as well as taxes, the brokerage fees charged by each separate manager who is engaged to manage the Assets; and commissions and custodian charges, and;
(ed) No portion of ADVISER’s compensation Adviser Compensation shall be based on capital gains or capital appreciation of thethe Assets except as provided for under the Investment Advisers Act of 1940, and/or relevant state law.
Appears in 1 contract
Samples: Investment Advisory Agreement
Adviser Compensation. (a) Unless otherwise set forth on the annexed Schedule “A”, the ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Schedule “A”. This annual fee shall be prorated and paid quarterly, in advancearrears, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT;
(b) CLIENT authorizes the custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in accordance with required regulatory procedures. ADVISER provides information about the fees it charges to the CLIENT to the Custodian at the same time it sends a copy of its invoice to CLIENT. The Custodian sends quarterly statements to the CLIENT showing all disbursements for the account, including the amount of the ADVISER’s fee;
(c) In the event that there is insufficient cash in the Account, the ADVISER is authorized to determine, without prior consultation with the CLIENT, which positions within the Account shall be liquidated to pay ADVISER's fee;
(d) In addition to ADVISER’s annual investment management fee, CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and
(e) No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the
Appears in 1 contract