Common use of CUSTODIAL ARRANGEMENT Clause in Contracts

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Securities Corporation (“Bolton”), a FINRA broker-dealer and its clearing firm, RBC Capital Markets (“RBC”). Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client authorizes Advisor to instruct Custodian to send Client monthly statements showing all transactions occurring in the Account during the period covered by the statement and to provide Advisor with those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. Xxxxxx will provide their customary securities brokerage services, as described in Xxxxxx’x account documents. Xxxxxx is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. Xxxxxx’x obligations in connection with the Client’s Account shall be solely as specified in Xxxxxx’x account documents.

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Securities Corporation Global Capital, Inc. (“BoltonBGC”), a FINRA broker-dealer and its clearing firm, RBC Capital Markets (“RBC”)Pershing, LLC, a Bank of New York Mellon Company. Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client authorizes Advisor to instruct Custodian to send Client monthly statements showing all transactions occurring in the Account during the period covered by the statement and to provide Advisor with those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. Xxxxxx BGC will provide their customary securities brokerage services, as described in Xxxxxx’x BGC’s account documents. Xxxxxx BGC is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. Xxxxxx’x BGC’s obligations in connection with the Client’s Account shall be solely as specified in Xxxxxx’x BGC’s account documents.

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Securities Corporation Global Capital, Inc. (“BoltonBGC”), a FINRA broker-dealer and its clearing firm, RBC Capital Markets (“RBC”)Pershing, LLC, a Bank of New York Mellon Company. Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client authorizes Advisor to instruct shall receive statements not less than quarterly from the Custodian to send Client monthly statements showing all transactions occurring in the Account during the period covered by the statement and to provide understands that Advisor with will receive duplicate copies of those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. Xxxxxx BGC will provide their customary securities brokerage services, as described in Xxxxxx’x BGC’s account documents. Xxxxxx BGC is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. Xxxxxx’x BGC’s obligations in connection with the Client’s Account shall be solely as specified in Xxxxxx’x BGC’s account documents.

CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Securities Corporation (“Bolton”), a FINRA broker-dealer and its clearing firm, RBC Capital Markets (“RBC”)Interactive Brokers. Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client authorizes Advisor to instruct Custodian to send Client monthly statements showing all transactions occurring in the Account during the period covered by the statement and to provide Advisor with those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. Xxxxxx will provide their customary securities brokerage services, as described in Xxxxxx’x account documents. Xxxxxx is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. Xxxxxx’x obligations in connection with the Client’s Account shall be solely as specified in Xxxxxx’x account documents.