Broker Selection. Except as provided in paragraph 10 above, in placing orders or directing the placement of orders for the execution of portfolio transactions, the Sub-Adviser shall select brokers and dealers for the execution of the Portfolio's transactions. In selecting brokers or dealers to execute such orders, the Sub-Adviser is expressly authorized to consider the fact that a broker or dealer has furnished statistical, research or other information or services which enhance the Sub-Adviser's investment research and portfolio management capability generally. It is further understood in accordance with Section 28(e) of the Securities Exchange Act of 1934, as amended, that the Sub-Adviser may negotiate with and assign to a broker a commission which may exceed the commission which another broker would have charged for effecting the transaction if the Sub-Adviser determines in good faith that the amount of commission charged was reasonable in relation to the value of brokerage and/or research services (as defined in Section 28(e)) provided by such broker, viewed in terms either of the Portfolio or the Sub-Adviser's overall responsibilities to the Sub-Adviser's discretionary accounts.
Broker Selection. The Sub-Adviser will select brokers, dealers, futures commission merchants and other counterparties to effect all transactions for the Fund, including without limitation, with respect to transactions in securities, derivatives, foreign currency exchange, commodities and/or any other investments. The Sub-Adviser will place all orders with brokers, dealers, counterparties or issuers, and will negotiate brokerage commissions, spreads and other financial and non-financial terms, as applicable. The Sub-Adviser will always seek the best possible price and execution in the circumstances in all transactions. Subject to the foregoing, the Sub-Adviser is directed at all times to seek to execute transactions for the Fund in accordance with its trading policies, as disclosed by the Sub-Adviser to the Fund from time to time, but in all cases subject to policies and practices established by the Fund and described in the Trust’s registration statement. Notwithstanding the foregoing, the Sub-Adviser may pay a broker-dealer that provides research and brokerage services a higher spread or commission for a particular transaction than otherwise might have been charged by another broker-dealer to the extent permitted by Section 28(e) of the Securities Exchange Act of 1934 and by the Trust’s registration statement, if the Sub-Adviser determines that the higher spread or commission is reasonable in relation to the value of the brokerage and research services that such broker-dealer provides, viewed in terms of either the particular transaction or the Sub-Adviser’s overall responsibilities with respect to accounts managed by the Sub-Adviser. The Sub-Adviser may use for the benefit of the Sub-Adviser’s other clients, or make available to companies affiliated with the Sub-Adviser or to its directors for the benefit of its clients, any such brokerage and research services that the Sub-Adviser obtains from brokers or dealers.
Broker Selection. Stock Management LLC and its related persons do not have the authority to determine the broker or dealer to be used or the commission rates paid. The broker is established at the time the account is opened and funded. Clients may specify the broker to be used, but are advised that a discount broker is recommended, such as Schwab, Fidelity or Scottrade, which allow appropriate management of client accounts and have reasonable fees. No broker is paid extra commissions in recognition of the value of services provided, unless the client has specifically requested the more expensive brokerage agreement. In such a case, no portion would go to Stock Management LLC. The custodian shall at all times be responsible for the physical custody of all assets held in such custodianship, and for the collection of interest, dividends and other income attributable thereof. Stock Management LLC shall have no liability for any acts or omissions of any custodian or administrator. Xxxxxx Case Disclosure: Various brokers or dealers have strength and weaknesses. Using a particular broker or dealer may cause higher or lower commissions and volume discounts may or may not be available. In addition, under these circumstances a disparity in commission charges may exist between the commission charged to clients using one broker or dealer over another. Client instructs Stock Management LLC to disclose such information regarding the portfolio to any custodian or administrator as may be reasonably requested by them in the furtherance of their duties.
Broker Selection. The Client hereby directs that transactions for the Account should be executed through a Broker/Dealer that will be appointed and hereby promises to notify the Investment Adviser of such appointment in writing. In selecting a Broker/Dealer, the Client has the sole responsibility for negotiating commission rates and other transaction costs with a Broker/Dealer. Although the Client will selected a Broker/Dealer, the Client acknowledges the Investment Advisor will not be required to effect any transaction through a Broker/Dealer if the Investment Advisor reasonably believes that such action may result in a breach of its duties as a fiduciary. The Client understands that by instructing the Investment Advisor to execute all transactions on behalf of the Investment Account through a Broker/Dealer, a disparity may exist between the commissions borne by the Account and the commissions borne by the Investment Advisor’s other clients that do not direct the Investment Advisor to use a particular Broker-Dealer. The Client also understands that by instructing the Investment Advisor to execute all transactions on behalf of the Account through a Broker/Dealer, the Client may not necessarily obtain commission rates and execution as favorable as those that would be obtained if the Investment Advisor was able to place transactions with other broker-dealers. The Client also may forego benefits that the Investment Advisor may be able to obtain for its other clients through, for example, negotiating volume discounts or block trades. 3.
Broker Selection. The Sub-Adviser will select brokers, dealers, futures commission merchants and other counterparties to effect all transactions for the Fund, including without limitation, with respect to transactions in securities, derivatives, foreign currency exchange, commodities and/or any other investments in accordance with the Sub-Adviser’s Policy and Procedures on Order Execution as amended from time to time. The Sub-Adviser will place all orders with brokers, dealers, counterparties or issuers, and will negotiate brokerage commissions, spreads and other financial and non-financial terms, as applicable. Sub-Adviser will act in good faith and with reasonable skill and care in the selection, use and monitoring of Brokers and shall seek “best execution” of the Fund’s trades, considering all relevant circumstances. Subject to the foregoing, the Sub-Adviser is directed at all times to seek to execute transactions for the Fund in accordance with the Sub-Advisers trading policies, as disclosed by the Sub-Adviser to the Fund from time to time, Notwithstanding the foregoing, the Sub-Adviser may pay a broker-dealer that provides research and brokerage services a higher spread or commission for a particular transaction than otherwise might have been charged by another broker-dealer to the extent permitted by Section 28(e) of the Securities Exchange Act of 1934 and by the Trust’s registration statement, if the Sub-Adviser determines that the higher commission is reasonable in relation to the value of the brokerage and research services that such broker-dealer provides, viewed in terms of either the particular transaction or the Sub-Adviser’s overall responsibilities with respect to accounts managed by the Sub-Adviser. The Sub-Adviser may use for the benefit of the Sub-Adviser’s other clients, or make available to companies affiliated with the Sub-Adviser or to its directors for the benefit of its clients, any such brokerage and research services that the Sub-Adviser obtains from brokers or dealers. The Sub-Adviser agrees to monitor any failing trades and work proactively to resolve these issues. Sub-Adviser agrees to reimburse the Fund for any overdraft interest incurred as a result of a failing trade if (a) due to the fault of the Sub-Adviser; or (b) where Sub-Adviser has failed to use commercially reasonable efforts to seek reimbursement from third parties.
Broker Selection. Should the Recordkeeper transmit the Investment Fiduciary's instructions to State Street to utilize the services of any broker, dealer, employee or representative of either, or any other person ("Broker") to render services to the Fund, or should State Street require the services of such persons in order to fulfill its obligations pursuant to this Agreement, the applicable Investment Fiduciary shall be solely responsible for the selection or designation of such Broker and shall be solely responsible for the acts of such Broker. State Street shall fully comply with the written instructions, if of a continuing nature, until revoked.
Broker Selection. Xxxxxx has a process for the selection of brokers, with whom it executes client orders, and brokers, with whom it places client orders for execution. The criteria to add a counterparty or broker to the approved list is generally based on a number of factors. These include: competitiveness of commission rates or spreads, an analysis of the broker’s execution algorithms, quality of service, breadth of market access, willingness to commit capital, creditworthiness, reputation and financial stability. A current list of brokers used by Xxxxxx is included below.
Broker Selection. In selecting the brokers to effect the portfolio transactions for the Fund, the Adviser shall give primary consideration to securing the most favorable price and efficient execution. Certain brokers also provide investment research and analysis and such brokers may execute brokerage transactions at a higher cost to the Fund. The Fund recognizes the value of investment research and analysis and therefore authorizes the Adviser to pay higher brokerage commissions to brokers who provide such research and analyses, subject to the review by the Fund’s trustees from time to time. It is understood that the investment research and analysis provided by such brokers may be useful to the Adviser in connection with its services to other clients. When the Adviser deems the purchase or sale of a security to be in the best interest of the Fund and other clients, the Adviser, to the extent permitted by applicable laws and regulations, may aggregate the security to be purchased or sold in order to obtain the most favorable price and efficient execution. In such event, the Adviser will allocate the securities so purchased or sold and the expenses incurred in the transaction, in the manner it considers to be the most equitable and consistent with its fiduciary obligations to the Fund and to such other clients.
Broker Selection. We reserve the right to decline any broker, dealer or similar agent for the Account that you or an investment manager may designate. We are not responsible for actions or inactions of any broker whom you or an investment manager designated.
