Client Fees definition
Examples of Client Fees in a sentence
Investors who acquire Units directly from the Partnership will have the election, in their subscription document, to authorize the Partnership to pay their registered investment advisor an estimated quarterly amount of no more than 2% annually of the Investor's Capital Account that would otherwise be paid to the Investor as Periodic Cash Distributions or compounded as Earnings ("Client Fees").
The authorization to pay Client Fees is solely at the election of the Investor and is not a requirement of investment.
In the event that the Investor has elected to compound Earnings, then the amount of the Earnings reinvested by such Investor will be reduced by an amount equal to the amount of the Client Fees paid.
I further understand and acknowledge that if I elect to have such Client Fees paid through the Partnership I will receive less cash or Units, as applicable, from distributions than an investor who does not pay such Client Fees or does not pay such Client Fees through the Partnership.
Thus, the amount of the Periodic Cash Distributions paid or the amount of Earnings compounded will be less for investors who elect to pay Client Fees through the Partnership.