Execution of Investment Account Transactions. 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. As a general matter, Adviser considers it appropriate to use the execution services of Fidelity Investments Institutional Brokerage Group for the purchase and sale of securities for managed client accounts, unless there are restrictions such as customer designation or legal requirements to the contrary. Adviser reserves the right, however, to utilize other broker-dealers that provide prompt and reliable execution at favorable security prices and reasonable commission rates. The best net price, giving effect to brokerage commissions and other costs, is an important factor in this decision, but a number of other judgmental facts are important as well. These include knowledge of negotiated commission rates currently available; the nature of the security being traded; the size and complexity of the transaction; the desired timing of the trade; the activity existing and expected in the market for the particular securities; confidentiality; and the execution; clearance and settlement capabilities and other relevant and appropriate services of the broker or dealer. Transactions for each client account generally will be effected independently, unless Adviser decides to purchase or sell the same securities for several clients at approximately the same time. Adviser may (but is not obligated to) combine or “batch” such orders to obtain best execution, to negotiate more favorable commission rates or to allocate equitably among Adviser’s clients differences in prices and commissions or other transaction costs that might have been obtained had such orders been placed independently. Under this procedure, transactions will be averaged as to price and transaction costs and will be allocated among Adviser’s clients in proportion to the purchase and sale orders placed for each client account on any given day. Instead of allowing Adviser to select brokers or dealers for the Account, Client may direct Adviser in writing to use a particular broker or dealer ...
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. 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. 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. (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.
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.
