Common use of CUSTODIAL ARRANGEMENT Clause in Contracts

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Global Capital, Inc. (“BGC”), a FINRA broker-dealer and its clearing firm, Pershing, LLC, a Bank of New York Mellon Company. Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client shall receive statements not less than quarterly from the Custodian showing all transactions occurring in the Account during the period covered by the statement and understands that Advisor will receive duplicate copies of those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. BGC will provide their customary securities brokerage services, as described in BGC’s account documents. BGC is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. BGC’s obligations in connection with the Client’s Account shall be solely as specified in BGC’s account documents.

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Global Capital, Inc. (“BGC”), a FINRA broker-dealer and its clearing firm, Pershing, LLC, a Bank of New York Mellon Company. Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client shall receive authorizes Advisor to instruct Custodian to send Client monthly statements not less than quarterly from the Custodian showing all transactions occurring in the Account during the period covered by the statement and understands that to provide Advisor will receive duplicate copies of with those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. BGC will provide their customary securities brokerage services, as described in BGC’s account documents. BGC is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. BGC’s obligations in connection with the Client’s Account shall be solely as specified in BGC’s account documents.

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Global Capital, Inc. Securities Corporation (“BGCBolton”), a FINRA broker-dealer and its clearing firm, Pershing, LLC, a Bank of New York Mellon CompanyRBC Capital Markets (“RBC”). Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client shall receive authorizes Advisor to instruct Custodian to send Client monthly statements not less than quarterly from the Custodian showing all transactions occurring in the Account during the period covered by the statement and understands that to provide Advisor will receive duplicate copies of with those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. BGC Xxxxxx will provide their customary securities brokerage services, as described in BGC’s Xxxxxx’x account documents. BGC Xxxxxx is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. BGC’s Xxxxxx’x obligations in connection with the Client’s Account shall be solely as specified in BGC’s Xxxxxx’x account documents.

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Global Capital, Inc. Securities Corporation (“BGCBolton”), a FINRA broker-dealer and its clearing firm, Pershing, LLC, a Bank of New York Mellon CompanyInteractive Brokers. Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client shall receive authorizes Advisor to instruct Custodian to send Client monthly statements not less than quarterly from the Custodian showing all transactions occurring in the Account during the period covered by the statement and understands that to provide Advisor will receive duplicate copies of with those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. BGC Xxxxxx will provide their customary securities brokerage services, as described in BGC’s Xxxxxx’x account documents. BGC Xxxxxx is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. BGC’s Xxxxxx’x obligations in connection with the Client’s Account shall be solely as specified in BGC’s Xxxxxx’x account documents.