Common use of Discretionary Authority Clause in Contracts

Discretionary Authority. By entering into this Agreement, you grant Blackfinch the full authority to manage your portfolio at our sole discretion and without prior reference to you or your Financial Adviser. We will acquire for your portfolio, assets, which Blackfinch reasonably believes at the time to be qualifying assets, in accordance with the objectives and principles set out in the Adapt AIM Portfolios Brochure. We will buy and/or sell one or more assets and otherwise act as we think appropriate in relation to the management of the portfolio, but subject always to the provisions of this Agreement. There shall be no restriction on the amount invested in any one asset, or on the proportion of your portfolio in any one asset, or any particular type of asset, or on the markets on which transactions are effected, unless otherwise specified in the Adapt AIM Portfolios Brochure. You should note that any sale of assets by us may trigger tax consequences about which you should speak to your Financial Adviser or tax adviser. We are not responsible for the taxation consequence of any transaction. Under the FCA Rules we are obliged to operate an order execution policy designed to obtain the best available result for any order placed on your behalf taking into account the Execution Factors as detailed in the FCA Rules. Blackfinch’s order execution and allocation policies are available on request.

Discretionary Authority. By entering into this Agreement, you grant Blackfinch the full authority to manage your portfolio at our sole discretion and without prior reference to you or your Financial Adviser. We will acquire for your portfolio, assets, which Blackfinch reasonably believes at the time to be qualifying assets, in accordance with the objectives and principles set out in the Adapt AIM Portfolios Brochure. We will buy and/or sell one or more assets and otherwise act as we think appropriate in relation to the management of the portfolio, but subject always to the provisions of this Agreement. There shall be no restriction on the amount invested in any one asset, or on the proportion of your portfolio in any one asset, or any particular type of asset, or on the markets on which transactions are effected, unless otherwise specified in the Adapt AIM Portfolios Brochure. You should note that any sale of assets by us may trigger tax consequences about which you should speak to your Financial Adviser or tax adviser. We are not responsible for the taxation consequence of any transaction. Under the FCA Rules Handbook we are obliged to operate an order execution policy designed to obtain the best available result for any order placed on your behalf taking into account the Execution Factors as detailed in the FCA RulesHandbook. Blackfinch’s order execution and allocation policies are available on request.