THIRD-PARTY ASSET MANAGER Sample Clauses

THIRD-PARTY ASSET MANAGER. 4.1. Advisor may select and appoint all or a portion of the Client’s Account assets to be managed by an outside Third-Party Asset Manager (“TPAM”). Client authorizes Advisor to select and appoint one or more TPAMs to provide services to Client’s Account without prior consultation with or the prior consent of Client. 4.2. TPAMs shall have all the same authority relating to the management, including fee deduction authority, of Client’s Account as is granted to Advisor in this Agreement. In addition, at Advisor’s discretion, Advisor may grant such TPAMs full authority to further delegate such discretionary investment authority to other TPAMs. 4.3. The specific investment advisory services provided by the TPAMs are described in more detail in the TPAM’s Form ADV Part 1 and 2A and will be subject to the TPAM’s separate investment advisory management agreement signed by the Client. 4.4. Client authorizes the TPAMs discretionary authority over Client’s Account assets managed by the TPAM. 4.5. TPAMs may use wrap programs. A wrap program is an investment advisory managed account that generally has the investment advisory fees, charges and expenses all “wrapped” into one account. Advisor may recommend TPAMs that may be sponsoring and/or managing their own proprietary wrap programs, and those TPAMs will provide the specific investment advisory and management services related to Client’s Account assets.