Soft commission agreements. A soft commission agreement is, in broad terms, an agreement between an investment manager and a broker, under which the manager receives the benefit of certain investment related services in return for using the broker to effect transactions for a customer portfolio. The services concerned can include the broker providing valuation or safe custody services. We do not enter into any soft commission agreements nor do we currently intend to. If circumstances change, we will write to you with details.
Appears in 13 contracts
Samples: Advisory Investment Management Agreement, Investment Management Agreement, Investment Management Agreement
