Client Directed Brokerage Sample Clauses

Client Directed Brokerage. The Client may direct WBI to use a particular broker-dealer to execute some or all transactions for the Account (subject to WBI’s right to decline and/or terminate the engagement). In such event, the Client will negotiate terms and arrangements for the Account with that broker-dealer, and WBI will not seek better execution services or prices from other broker-dealers or be able to “bunch” (or aggregate) Client transactions for execution through other broker-dealers with orders for other accounts managed by WBI. As a result, Client may pay higher commissions or other transaction costs or greater spreads, or receive less favorable net prices, on transactions for the Account than would otherwise be the case had the Client not designated a particular broker-dealer for execution. In the event that the transactions for the Account are effected through a broker-dealer that refers investment management Clients to WBI, the potential for conflicts of interest may arise.
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Related to Client Directed Brokerage

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