Examples of SMA Manager in a sentence
Because the SMA Manager may have invested the Account in certain Securities for which there is a limited or specialized market, you may not receive pricing as favorable upon termination as you would have received if the sales were directed by the SMA Manager prior to termination.
For Accounts managed by an SMA Manager prior to termination, you understand and agree that in the event of liquidation of any Securities in the Account following termination of the SMA Manager, that such liquidation will be affected by RJA and not the terminated SMA Manager.
Client understands the SMA Manager, or AMS for selected Model Portfolios, will exercise discretion with respect to the day to day investment management of Client’s Account continuously during the term of this RJCS Agreement.
Pursuant to the SMA Manager’s designated authority to exercise investment discretion over Client’s Account, as applicable, the SMA Manager may choose trading and lot closure assignments for securities held in Client’s Account.
The SMA Manager or AMS shall invest and reinvest the assets of the Account in such stocks, bonds, or other property of any kind as it deems in the best interest of Client in order to achieve the investment objective(s) identified by Client, without regard to holding period, portfolio turnover or resulting gain or loss.
Additionally, Client acknowledges and agrees that for certain disciplines in which the SMA Manager assumes discretionary investment authority, Xxxxxxx Xxxxx and/or AMS will share with SMA Manager transactional data on the Account and other identifying information regarding Client and Client’s Account, as needed or requested by SMA Manager for purposes of providing services to Client’s Account.
However, Client understands AMS and Manager cannot accept instructions that prohibit or restrict the purchase of specific securities or types of securities held within mutual funds or exchange traded products purchased by the SMA Manager or recommended by a Model Manager, where applicable, in Client’s Account.
For all other investment disciplines not classified as Model Portfolios (hereafter separately managed accounts, or “SMAs”), the SMA Manager will exercise discretionary investment authority.
Client may request reasonable restrictions on the investments made within Client’s Account, or Client may reasonably modify existing restrictions previously accepted by the SMA Manager or AMS, as set forth under the Trade Restriction Request section of this RJCS Agreement or as otherwise provided by Client in writing satisfactory to AMS and Manager.
The SMA Manager or AMS will exercise its discretion and deal in and with such assets exactly as fully and freely as Client might do as owner, with or without further consent or authority from Client, except that the SMA Manager or AMS are not authorized to withdraw any money, securities, or other property either in the name of Client or otherwise unless expressly authorized by Client.