SMA Client definition

SMA Client shall have the definition set forth in the definition of “Consenting Client.”
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SMA Client means an Advisory Client that receives Investment Advisory Services from a Group Company through a wrap program, separately managed account program, or other managed account program.
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Examples of SMA Client in a sentence

  • Notwithstanding any other provision in this Agreement, Seller shall, and the Class A Owners shall cause Seller to, not provide advice in a fiduciary capacity for purposes of ERISA or Section 4975 of the Internal Revenue Code in connection with obtaining the Consent of any Wrap Program Sponsor or SMA Client pursuant to and accordance with this Section 6.2.2(b).

  • If any Wrap Program Sponsor or Dual SMA Client requires modifications to either the Consent, notice/form or Investment Advisory Contract, Seller shall, and the Class A Owners shall cause Seller to, promptly notify Federated Hermes regarding the modifications and obtain the approval of Federated Hermes (not to be unreasonably withheld) to such modified Consent or Contract.

  • Seller agrees not to enter into any Contract with any SMA Client or otherwise relating to the SMA Business between the date of this Agreement and the Closing that would terminate upon the consummation of the Transaction or require a new Investment Advisory Contract or other Contract to be entered into to consummate the Transaction.

  • If utilizing an SMA, Client will be charged an SMA fee separate from the advisory fee by the SMA provider.

Related to SMA Client

  • End Client means the end client (if any) in respect of the project in connection with which the Supplier is providing its Services as a sub-contractor;

  • Retail Client means a client who is not a professional client;

  • The Client means the organization purchasing the service.

  • DMA Customer means a Customer of a Sponsoring Broker where representatives of the Customer that are natural persons are designated by the Sponsoring Broker to have Trading Access to the SEF Platform using the Participant ID of the Sponsoring Broker and where such Customer signs the DMA Customer Documentation.

  • Potential Client means any person or entity to whom the Company has offered (by means of a personal meeting, telephone call, or a letter or written proposal specifically directed to the particular person or entity) to serve as investment adviser or to provide or distribute insurance products but which is not at such time an advisee, investment advisory or insurance customer, distributor or client of the Group or any person or entity for which a plan exists to make such an offer; persons or entities solicited or to be solicited solely by non-personalized form letters and blanket mailings are excluded from this definition;