Common use of Exit Fees Clause in Contracts

Exit Fees. While Adviser does not charge an entry fee, or an exit fee, Client acknowledges and understands that their previous broker dealer/custodian may charge an exit fee. In instances where there is insufficient free cash in Client’s account to cover any exit fee charged prior to transfer to Adviser, that fee will not be paid by Adviser. In such an event, Client will be solely responsible for making the necessary arrangements with the outgoing broker dealer/custodian.