Directed Brokerage. The Client may direct Adviser to use a particular broker-dealer to execute some or all transactions for the Account (subject to Adviser’s right to decline and/or terminate the engagement). In such event, Client will negotiate terms and arrangements for the Account with that broker-dealer, and Adviser will not seek better execution services or prices from other broker-dealers or be able to “batch” Client transactions for execution through other broker- dealers with orders for other accounts managed by Adviser. As a result, the Client acknowledges that such direction may cause the Account to incur higher commission or transaction costs than the Account would otherwise incur had the Client chosen to arrange for execution of Account transactions through other brokerage arrangements available through Adviser.
Appears in 5 contracts
Samples: Discretionary Investment Management Agreement, Discretionary Investment Management Agreement, Discretionary Investment Management Agreement
