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Common use of Adviser Compensation Clause in Contracts

Adviser Compensation. a. Adviser’s annual fee for portfolio management services provided under this Agreement is in accordance with the fee schedule annexed hereto and made a part hereof as Exhibit A. The annual fee shall be prorated and details related to payment of the fee are also included at Exhibit A. No increase in the annual fee shall be effective without Client's prior written consent; b. Unless Client pays 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 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 addition to Adviser’s annual portfolio management fee, Client shall also incur, relative to all mutual fund and exchange traded fund ("ETF") purchases, charges imposed directly at the mutual fund or ETF level (e.g. advisory fees and other fund expenses); and, d. No portion of Adviser's Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940, and/or relevant state law.

Appears in 4 contracts

Samples: Discretionary Portfolio Management Agreement, Discretionary Portfolio Management Agreement, Discretionary Portfolio Management Agreement

Adviser Compensation. a. Adviser’s annual fee for portfolio investment management services provided under this Agreement is in accordance with the fee schedule annexed hereto and made a part hereof as Exhibit A. A, B or C. The annual fee shall be prorated and details related to payment of the fee are also included at Exhibit A. A, B, or C. No increase in the annual fee shall be effective without Client's 30 days prior written consentnotification to Client; b. Unless Client pays 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 of the Assets to charge the Account for the amount of Adviser’s fee as directed by the Advisor and to remit such fee to Adviser in accordance with required regulatory procedures; c. In addition to Adviser’s annual portfolio asset management fee, Client shall also incur, relative to all mutual fund and exchange traded fund ("ETF") purchases, charges imposed directly at the mutual fund or ETF level (e.g. advisory fees and other fund expenses); and, d. No portion of Adviser's ’s Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940, and/or relevant state law.

Appears in 1 contract

Samples: Discretionary Asset Management Agreement