Examples of Wrap Fees in a sentence
Sponsor will not make pro rata adjustments to or refund prepaid Wrap Fees for partial withdrawals of less than $10,000 from your Account during any Wrap Fee period.
Crediting Rate – The rate of return credited to the book value of the Fund, expressed as an annual percentage rate and is calculated based on a book value dollar weighted basis gross of the Trustee/Adviser Fee and Service Provider Offset and Other Expenses but net of Wrap Fees, Sub-Adviser Fees, and Acquired Fund Fees.
On or after the dates that Wrap Fees are due, Betterment may order the sale of Products held in the Account in Betterment’s discretion in amounts necessary to fund current charges.
To this end, and not in limitation of the foregoing, Rize may, from time to time, elect to launch programs or initiatives whereby Wrap Fees may be waived, in whole or in part.
The Wrap Fees you pay will reduce the overall value of your Access Account.
Wrap Fees will also be due: (a) on any day Client requests withdrawal of amounts equal to or greater than 98% of the market value of the Account at that time minus the amount of fees due; and (b) on the day this Advisory Agreement is terminated.
To the extent any such program or initiative is cancelled or terminated, you will once again be charged the then-current Wrap Fees on a going-forward basis.
In the event that the Account is terminated by either Party in accordance with Clause 25.1 above, iFAST shall deduct from the Cash Account the sum of any outstanding fees, charges and expenses including Wrap Fees, and where necessary sell or redeem from any of the Securities and/or Cash Fund in the Account to satisfy any monies due from the Customer to iFAST under these terms and conditions or in connection with the Account or any Transaction effected thereunder.
Upon the occurrence of an event in clause (b) or (c), Betterment will liquidate all holdings of the Account, deduct any accrued but unpaid Wrap Fees and Advisor Fees, and disburse the remaining proceeds from liquidation to Client.
Carefully read the terms of this Agreement, as well as the Application and the Disclosure Brochure or Combined Disclosure Brochure, as applicable, for more information regarding Account fees and expenses, and the consolidated advisory fee.The Wrap Fees you pay will reduce the overall value of your Account(s).