Execution of Investment Account Transactions. Advisor will arrange for the execution of securities transactions for the Account through the Custodian selected by the Client and Advisor. Consistent with obtaining best execution, transactions for Client’s Account may be directed to brokers in return for research services furnished by them to Adviser. Such research generally will be used to service all of Adviser’s clients, but brokerage commissions paid by Client may be used to pay for research that is not used in managing Client’s Account. My investment adviser representative has advised me of the options available to me for brokerage services at Advisor. We are currently using Xxxxxxx Xxxxx IAD for custodial and clearing services. Clients may request the brokerage transactions be directed to a particular broker‐dealer/custodian. However, if an investment advisor representative cannot use that broker‐dealer/custodian they will not be able to accept the account. My representative has provided me with a document (See Schedule C) explaining the charges associated with trading and their services under this arrangement. The client also understands that they are responsible for all cost associated with the custodian, such as custodial fees, like Trading Fees and Annual Account Maintenance Fees as well as Custodian Service Fees. All fees charged by the custodian can be changed at the sole discretion of the custodian. Transactions for each client account will be effected independently of transactions for other clients of the Advisor; provided that the Advisor may (but is not obligated to) combine or “batch” transactions for the Client and other clients in the same securities in order to obtain a better price or achieve other efficiencies. There is no obligation to include any account in a bunched order unless the Advisor representative believes it is in the client’s best interest. In making this determination, the representative may consider a number of factors, including, but not limited to: (a) the client’s investment objectives and policies; (b) investment guidelines; (c) liquidity requirements; (d) legal or regulatory restrictions; (e) tax considerations; and (f) the nature and size of the bunched order. If Adviser cannot obtain execution of all the combined orders at prices or for transactions costs that Adviser believes are desirable, Adviser will allocate the securities. Our custodian does not offer reduced transactions cost due to batch transactions. Such an arrangement represents a potential conflict ...
Execution of Investment Account Transactions. With respect to Account investments made by Advisor, in selecting a broker or dealer, Advisor may consider, among other things, the broker or dealer’s execution capabilities, reputation and access to the markets for the securities being traded and generally will seek competitive commission rates but will not necessarily attempt to obtain the lowest possible commission rate for transactions for the Account. Client understands and accepts this. Consistent with obtaining best execution, transactions for Client’s Account may be directed to brokers in return for research or brokerage services furnished by them to Advisor. Such research generally will be used to service all of Advisor’s clients, but brokerage commissions paid by Client may be used to pay for research that is not used in managing Client’s Account. Advisor may, in its discretion, cause the Account to pay brokers a commission greater than another qualified broker may charge to effect the same transaction where Advisor determines in good faith that the commission is reasonable in relation to the value of the brokerage and research services received. All brokerage commissions, stock transfer fees, and other similar charges incurred in connection with transactions for the Account will be paid out of the assets in the Account and are in addition to the fees set forth herein. Advisor may combine or “batch” such orders to obtain best execution, to negotiate more favorable commission rates or to allocate equitably among Advisor’s clients (including Client) differences in prices that might have been obtained had such orders been placed independently. Under this procedure, such publicly traded securities transactions will be averaged as to price and transaction costs and will be allocated among Advisor’s clients (including Client) in proportion to the purchase and sale orders actually placed for each client account on any given day. Advisor may give a copy of this Agreement to any broker, dealer or other party to a transaction for the Account, as evidence of Advisor’s authority to act for Client. Section 28(e) of the United States Securities Exchange Act of 1934, as amended, establishes a safe harbor (the “Section 28(e) safe harbor” or “safe harbor”) allowing investment managers to use client funds, by way of commission dollars, to purchase certain “brokerage and research services.” Pursuant to such safe harbor, the brokerage and research services must provide lawful and appropriate assistance to the invest...
Execution of Investment Account Transactions. Xxxxxxx will arrange for the execution of securities transactions for the Managed Assets through the Custodian authorized by the Client or through such broker-dealers or other financial intermediaries as may be selected by Xxxxxxx. The Client may also be responsible for transaction charges to cover costs associated with trade executions. The Client acknowledges that the Managed Assets may be monitored for excessive and other forms of abusive trading and may be subject to administrative procedures and/or restrictions developed by service providers or implemented by service providers at the direction of investment option providers. These policies may take the form of redemption fees and/or purchase block or other trade restrictions. Information on redemption fees or trade restrictions may be found in the individual fund prospectuses. Transactions for the Client’s Managed Assets will be effected independently of transactions for other clients of Xxxxxxx; provided that Xxxxxxx may combine transactions for the Client with transactions of other clients holding the same securities, in order to seek to obtain a better price, lower transaction costs or to achieve administrative and/or transactional efficiencies, in accordance with procedures employed by Xxxxxxx that are intended to ensure that all clients participating in the combined order are treated fairly and equitably. The Client agrees that if necessary, Xxxxxxx may provide a copy of Client’s Client Profile and this Investment Advisory Agreement as evidence of Xxxxxxx'x authority to act for the Client to: (i) any broker or dealer; (ii) the Custodian; and (iii) any other party to transactions involving the Client’s Managed Assets. The Client authorizes Xxxxxxx to electronically download the Client’s account information from the Client’s Custodian.
Execution of Investment Account Transactions. The Advisor will arrange for the execution of securities transactions for the Managed Assets through the Custodian authorized by the Client. The Client will be responsible for transaction charges to cover costs associated with trade executions. The Client authorizes the Advisor to download electronically the Client’s account information from the Client’s Custodian. Transactions for the Client’s Managed Assets may be combined by the Advisor with transactions of other clients holding the same securities, in that the client is responsible for negotiating the terms and arrangements for the Account with the Custodian. Advisor will not seek better execution services or prices from other broker-dealers or custodians. As a result, Advisor may not obtain best execution on behalf of Client, who may pay materially disparate commissions, greater spreads or other transaction costs, or receive less favorable net prices on transactions for the Account than would otherwise be the case. If necessary, the Advisor may give a copy of this Investment Advisory Agreement as evidence of the Advisor’s authority to act for the Client to:
Execution of Investment Account Transactions. The Advisor will arrange for the execution of securities transactions for the Managed Assets through the Custodian selected by the Advisor. Client may designate its own broker through which Advisor will execute securities transactions by written notice to Advisor. To the extent Advisor uses only that broker for the Account, Client acknowledges that Advisor will not negotiate brokerage commissions with the specified broker, and 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. Transactions for the Client’s Managed Assets will be effected independently of transactions for other clients of the Advisor; provided that the Advisor may combine transactions for the Client with transactions of other clients holding the same securities, in order to obtain a better price or to achieve administrative and/or transactional efficiencies. Under this procedure, transactions will be averaged as to price and transaction costs and typically will be allocated among the Advisor’s clients in proportion to the purchase and sale orders placed for each client account on any given day. If the Advisor cannot obtain execution of all the combined orders at prices or for transaction costs that the Advisor believes are desirable, the Advisor will allocate the securities Advisor does buy or sell as part of the combined orders by following the Advisor’s order allocation procedures, provided that the Client and the Managed Assets shall be treated no less favorably than any other client of the Advisor or account managed by the Advisor (including its own) with respect to any such allocations. The Advisor may give a copy of this Agreement to any broker or dealer, to any other party to a transaction involving Managed Assets, or to the Custodian as evidence of Advisor’s authority to act for the Client.
Execution of Investment Account Transactions. The Advisor will arrange for the execution of securities transactions for the Managed Assets through the Custodian authorized by the Client. The Client will be responsible for transaction charges to cover costs associated with trade executions. The Client authorizes the Advisor to download electronically the Client’s account information from the Client’s Custodian. Transactions for the Client’s Managed Assets may be combined by the Advisor with transactions of other clients holding the same securities, in order to obtain a better price or to achieve administrative and/or transactional efficiencies. If necessary, the Advisor may give a copy of this Investment Advisory Agreement as evidence of the Advisor’s authority to act for the Client to: (i) any broker or dealer; (ii) the Custodian; and (iii) any other party to transactions involving the Client’s Managed Assets.
Execution of Investment Account Transactions. Adviser will arrange for the execution of securities transactions for the Account through the Custodian selected by the Client and Advisor. Transactions for each client account will be effected independently of transactions for other clients of the Advisor; provided that the Advisor may (but is not obligated to) combine or “batch” transactions for the Client and other clients in the same securities in order to obtain a better price or achieve other efficiencies. Client authorizes and directs Adviser to instruct all firms executing orders for Client to forward confirmations of those transactions to Custodian and Adviser. Adviser will instruct the brokers and dealers that execute orders for Client’s account to send Client all transaction confirmations. Adviser may give a copy of this Agreement to any broker, dealer or other party to a transaction for the Account, or the Custodian as evidence of Adviser’s authority to act for Client.
Execution of Investment Account Transactions. (WHEN APPLICABLE). Adviser will arrange for the execution of securities transactions for the Account through brokers or dealers that Adviser reasonably believes will provide best execution. In selecting a broker or dealer, Adviser may consider, among other things, the broker or dealer’s execution capabilities, reputation and access to the markets for the securities being traded. Adviser generally will seek competitive commission rates but will not necessarily attempt to obtain the lowest possible commission for transactions for the Account. Adviser may, in its discretion, cause the Client’s Account to pay brokers a commission greater than another qualified broker might charge to effect the same transaction where Adviser determines in good faith that the commission is reasonable in relation to the value of the brokerage and services received.
