Asset Allocation Changes and Rebalancing Sample Clauses

Asset Allocation Changes and Rebalancing. If Client’s Account participates in an ALIGN Program, the BairdNext Portfolios Program, the Russell Program, or a UMA Program, Client authorizes Baird to rebalance Client’s Account assets to be consistent with Client’s chosen target asset allocation strategy at any time without prior notice to Client at such times and under such conditions as Baird, in its discretion, deems appropriate. Client understands and agrees: when Baird rebalances Client’s Account, all or only a portion of, the Account may be traded; the frequency and conditions under which Baird rebalances Client’s Account in a Program may change at any time in Baird’s discretion; and may be different from the frequency and conditions applicable to how Client’s Account is rebalanced in another Program. If Client’s Account participates in the ALIGN Strategic Portfolios Program, the BairdNext Portfolios Program, the ALIGN UMA Select Portfolios Program, or the Russell Program, or to the extent Client’s UAS Portfolios Program Account includes a PWM-Managed Model, Client authorizes Baird to change the Account’s asset allocation for any reason, which may include, but shall not be limited to: updates made by Baird to the applicable model portfolio’s target asset allocations; or changes in market conditions, Baird’s opinion on the future performance of particular asset classes, or Client’s financial circumstances.
Sample 1
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