Advisers’ fees. Advisor’s fee schedule has been attached on Schedule II. ○ In choosing a Management Fee Schedule, Client agrees to pay Adviser % of managed assets a year for Adviser’s services. The value of managed assets to estimate the fee will be based upon the average of the month-end market values of all managed assets in Client’s account(s) on the last day of each month in the calendar quarter. To determine the month-end market values, Adviser will use the asset value of the account(s) which is computed by adding the market value of all long positions. Adviser’s fees are payable at the end of each quarter for Adviser’s services in the prior three months. In any partial quarter, Adviser’s fees will be pro rated based on the number of calendar days that Adviser managed Client’s account(s). ○ In choosing a Performance Fee Schedule, Client warrants and represents to Advisor that Client is a Qualified Client (as defined in Schedule II), and Client agrees to one of the following types of Performance Fees, (as selected):
Appears in 4 contracts
Samples: Investment Advisory Agreement, Investment Advisory Agreement, Investment Advisory Agreement
