OUTLINE OF SERVICE. Under the Service, Client authorizes Introducing Firm to act as investment advisor and to assist Client in reviewing Client's investment objectives, including any restraints designated with respect to securities to be invested in the Account, and in selecting and engaging compatible managers, ETFs, mutual funds, FundSource®, Compass®, Allocation Advisors, and Customized Portfolios strategies from a universe of managers, including WFA and managers who are affiliated with Introducing Firm and/or Sub- Advisor, ETFs, and mutual funds that are evaluated by Introducing Firm and/or a Sub-Advisor and that meet WFA’s quantitative and qualitative research criteria, to handle the day-to- day investment management of the Account. Client understands that the selection, retention and allocation to affiliated Managers is more profitable to Sub-Advisor than the selection, retention and allocation to unaffiliated Managers, as Sub-Advisor retains any sub-advisory fees that otherwise would be paid to the unaffiliated Manager. Introducing Firm and/or a Sub-Advisor has created a number of Optimal Blends, which represent certain Managers mutual funds, ETFs, and Target Allocations recommended by such firm for a number of investment strategies based on Client's investment objectives and the amount Client will invest in the Account. Client may also select other Managers and Target Allocations through a Customized Blend based on recommendations made by Introducing Firm. If consistent with Client's investment objectives, Client may change the Managers and Target Allocation selected from time to time by completing an Optimal Blend Amendment or a new Customized Blend Form, or by any other method approved by Introducing Firm. Client understands that all investments are subject to varying degrees of risk, and Client acknowledges that Introducing Firm and/or a Sub-Advisor has not made any representations as to the profitability of the services provided hereunder. Introducing Firm's Service hereunder only relates to the assets in the Account invested according to this Agreement and does not contemplate a full review or assumption of responsibility for Client's financial affairs. In providing the Service for the Account, Introducing Firm will rely on the information contained in the Account Application. All capital gains and income dividends from Client's individual mutual fund will be paid out in cash. Client understands that the Target Allocation selected applies at the time the Service ...
OUTLINE OF SERVICE. Under the Program, Client authorizes Introducing Firm and Xxxxx Fargo Advisors ("WFA") to act as discretionary investment adviser and to assist Client in reviewing Client's investment objectives, including any reasonable restrictions designated with respect to securities to be invested in the Account, and in selecting a compatible portfolio strategy. WFA will buy, sell, or otherwise trade and settle securities or other investments in the Account, in accordance with the Client's investment objectives and other individual circumstances and restrictions, without discussing these transactions with Client in advance. Such securities may include, but are not limited to, common or preferred stocks, options, warrants, rights, exchange-traded funds ("ETFs"), and corporate, government, or municipal bonds or notes (collectively "securities"). It is understood that all or a portion of the Account may be held in cash. In making investment determinations with respect to the account, Allocation Advisor will rely on the information contained in the Account Application. Client agrees to inform Introducing Firm in writing of any material change in Client's circumstances which might affect the manner in which Client's assets should be invested. Introducing Firm and WFA will be responsible for making investment management decisions for the Account. Introducing Firm and WFA will comply with any reasonable restrictions given by Client concerning management of the Account. Reasonable restrictions given by Client may include prohibitions with respect to the purchase or sale of particular securities or types of securities. If Client's restrictions are unreasonable, or Introducing Firm believes that the restrictions are inappropriate for the Client, Introducing Firm will notify the Client that, unless the restrictions are modified, Introducing Firm may cancel the Account. Client understands that Client will not be able to provide restrictions that prohibit or restrict the investment adviser of a mutual fund or ETF with respect to the purchase or sale of specific securities or types of securities within the fund or ETF. Client will retain (i) the ability to withdraw and to then pledge any securities in the Account; (ii) the right to vote securities or to delegate the voting authority, and to revoke such delegation, to another person; and (iii) the right to proceed directly as a security holder against the issuer of any security in the Account without having to join any person involv...
OUTLINE OF SERVICE. Under the Service, Client authorizes Introducing Firm to act as discretionary investment advisor and to assist Client in reviewing Client's investment objectives, including any restraints designated with respect to securities to be invested in the Account(s), and in selecting a compatible investment advisor, from a universe of investment advisors. Pursuant to an agreement between Introducing Firm and WSLLC, WSLLC provides to Introducing Firm a universe of investment advisors that WSLLC evaluates and that meets WSLLC's minimum quantitative and qualitative research criteria, to handle the day to day investment management of the Account(s). WSLLC has entered into an agreement with each such investment advisor, pursuant to which the investment advisor will provide day to day investment management services for Introducing Firm's clients under the Service. Any investment advisor selected by Client pursuant to Section 1 is referred to herein as a "Masters Manager." A Masters Manager will buy, sell or otherwise trade and settle securities or other investments in the Account designated for that Masters Manager in Exhibit A hereto (the "applicable Account"), in accordance with Client's investment objectives and other individual circumstances and restrictions, without discussing these transactions with Client in advance. Such securities may include stocks, bonds, options, warrants, rights and other securities and investments. While it is expected that each Masters Manager will exercise discretion with respect to the day to day investment management of the applicable Account continuously during the term of this Agreement, the Masters Manager will comply with any reasonable restrictions given by Client concerning management of the applicable Account. Reasonable restrictions given by Client may include prohibitions with respect to the purchase or sale of particular securities or types of securities. If Client's restrictions are unreasonable, or Introducing Firm or a Masters Manager believes that the instructions are inappropriate for Client, Introducing Firm will notify Client that, unless the instructions are modified, Introducing Firm may cancel Client's Account. Client will retain (i) the ability to withdraw or pledge any securities in any Account, (ii) the right to vote securities or to delegate the voting authority, and to revoke such delegation, to another person, and (iii) the right to proceed directly as a security holder against the issuer of any security in an...
OUTLINE OF SERVICE. Under this Program, Introducing Firm will assist Client in selecting from a universe of investment advisors, including WFA (collectively, “Managers”) from a recommended list created by WFA based on its evaluation of quantitative and qualitative research criteria which is provided to the Introducing Firm by WFA pursuant to an agreement between the Introducing Firm and WFA. Depending on the strategy selected, and as indicated on the Manager Profile, either the Manager or WFA will manage Client’s Account on a discretionary basis. Where XXX manages Client’s Account on a discretionary basis, it will do so based on advice provided to WFA by various investment advisors (“Model Managers”) as to the securities and other investments to be purchased and sold for a particular investment strategy. WFA will generally implement the Model Manager's recommendations without change, subject to any reasonable restrictions Client may impose. Client grants the selected Manager in accordance with Client’s stated investment objectives provided in the Account Application, complete discretion in the investment and reinvestment of your Account assets, including all matters necessary or incidental thereto, without the need to discuss such transactions or actions with Client in advance. This authorization is a continuing one and shall remain in full force and effect until terminated. This authorization shall inure to the benefit of any assignee or successor corporation of the Introducing Firm and shall be binding on Client’s heirs, executors, and assignees. Where investment discretion has been allocated to a Manager other than WFA, neither WFA nor the Introducing Firm nor the Clearing Firm will be responsible for any decision made by the Manager. While it is expected that each Manager will exercise discretion with respect to the day-to-day investment management of the applicable Account continuously during the term of this Agreement, the Manager will comply with any reasonable restrictions given by Client concerning management of the applicable Account. Reasonable restrictions given by Client may include prohibitions with respect to the purchase or sale of particular securities or types of securities. For strategies that include mutual funds, exchange-traded funds, and/or closed- end funds, Client understands that Client will not be able to provide restrictions that prohibit or restrict the investment adviser of such funds with respect to the purchase or sale of specific securities or...
