Advisory Accounts Clause Samples

The Advisory Accounts clause defines the terms under which a financial institution provides investment advice to clients without exercising discretionary control over their assets. In practice, this means the client retains ultimate decision-making authority, while the advisor offers recommendations and guidance based on the client's objectives and risk tolerance. This arrangement ensures that clients benefit from professional advice while maintaining control over their investment choices, addressing the need for expert input without relinquishing autonomy.
Advisory Accounts. If this account is an ▇▇▇▇▇▇ ▇▇▇▇▇ investment advisory account, ▇▇▇▇▇▇ ▇▇▇▇▇’ obligations herein will be effective only after I have executed an ▇▇▇▇▇▇ ▇▇▇▇▇ investment advisory agreement and such agreement has been accepted by ▇▇▇▇▇▇ ▇▇▇▇▇. The provisions of the advisory agreement are controlling to the extent they conflict with any provision of this Agreement.
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Advisory Accounts. If your Retirement Account is enrolled (or subsequently becomes enrolled) in an advisory account program with your broker/dealer, you authorize NFS to deduct from your Retirement Account fees for financial advisory services rendered to you by your Broker, Financial Advisor, or Investment Professional (herein, “Investment Professional”) in connection with your Retirement Account, and as described in your IRA Custodial Agreement and Disclosure Statement or your Retirement Plan and Trust Agreement, as applicable. You represent that you have reviewed the financial advisory fees with your Investment Professional. You understand that the determination of whether any financial advisory fees paid to your broker/dealer and/or Investment Professional are reasonable for the services provided to you by your broker/dealer and/or Investment Professional is your sole responsibility, and that NFS and the IRA Custodian are not parties to any written agreements you have entered into with your broker/dealer and Investment Professional which allows for financial advisory fees to be charged by your Investment Professional. You acknowledge and agree that neither NFS nor the IRA Custodian will incur any liability for the payment of financial advisory fees to your Investment Professional, and you authorize NFS to accept instructions from your broker/dealer or Investment Truist Investment Services, Inc. (“TIS”) is a wholly owned subsidiary and affiliate of Truist Financial Corporation (“TFC”) a bank holding company. Truist Bank is another wholly owned subsidiary and affiliate of TFC and affiliate of TIS. Truist Bank is a North Carolina state chartered bank. Deposits with Truist Bank are eligible for FDIC insurance up to applicable limits. All deposit and other banking products, including TIS Sweep Program deposits, are offered through Truist Bank and not TIS. TIS is not a bank and is a separate legal entity from any affiliated bank. TIS is registered with the Securities and Exchange Commission as a broker/dealer and introduces certain customers and transactions to its Clearing Firm. ▇▇▇ is also a member of the SIPC and FINRA. Assets in Brokerage Accounts are not deposits of any bank. Therefore, your Brokerage Account is not insured by the FDIC and is not a deposit or other obligation of or guaranteed by TFC or any of its banks or other subsidiaries. Truist Advisory Services, Inc. (“TAS”) is another wholly owned subsidiary and affiliate of TFC and an affiliate of TIS. TAS is regist...
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Advisory Accounts. Schedule 3.20 sets forth a true, complete and correct list, as of December 31, 2003, of all of the investment advisory accounts of Clients, specifying for each such account the following information: (a) the aggregate market value of the assets under management held in each account, determined as of December 31, 2003, (b) the fee rate charged by the Company applicable to each account, (c) the annualized revenues to be earned by the Company from each account (determined as the product of clause (a) multiplied by clause (b) for a 12 month period), (d) any fee adjustments or net withdrawals (except for (i) payroll distributions from the municipal accounts and (ii) regularly scheduled monthly withdrawals, whether determined from income, total return, market value or another formula; provided that unit trust payments made pursuant to IRS formulas shall be scheduled) or deposits with respect to each account during 2003 or 2004 and (e) any investment restrictions or guidelines with respect to such account. There are no Contracts in effect pursuant to which the Company has capped, waived or reimbursed or will under any circumstances cap, waive or reimburse any or all fees payable by its Clients.
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Advisory Accounts. In certain limited and clearly specified cases, we and our Agents or Affiliates may, at your request, refer you to an investment advisor or advisors to manage an advisory account for you (“your Advisory Account”). You may also separately contract with an investment advisor selected solely by you (such investment advisor, together with any investment advisor we or our Agents or Affiliates may refer, are collectively referred to as “your Advisor”). Once your Advisory Account has been established, any advice, recommendation, and/or trading by your Advisor concerning any particular security, transaction, or investment is the responsibility of your Advisor, whether or not your Advisor’s recommendations or advice are followed by you or whether or not your Advisor has discretion to manage your Advisory Account, and we and our Agents and Affiliates specifically disclaim responsibility or liability for any such advice, recommendations, or trading. To the extent that you have an Account(s) with us in addition to your Advisory Account, you assume full responsibility with respect to transactions and investment decisions for your Account(s), notwithstanding any advice or recommendation you may receive in connection with your Advisory Account. If you use any advice or recommendation provided to you for your Advisory Account to make investment decisions for your other Account(s), or if you base your investment decisions on any tools that are made available to you in connection with your Advisory Account, neither we nor our Agents and Affiliates will be liable for such investment decisions. You agree that, with respect to your Advisory Account, you will be legally bound by the terms of this Agreement and the relevant advisory agreement.
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Related to Advisory Accounts

  • Management Accounts To the extent that it owns any Management Account (including any lock-box related thereto), each Guarantor shall comply with Section 5.1 of the Base Indenture with respect to each such Management Account (including any lock-box related thereto).

  • Primary Accounts Borrower will maintain its primary depository and operating accounts with Bank.

  • Operating Accounts (a) Maintain all of Borrower’s Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent, which Control Agreement must be in such form and substances as is reasonably acceptable to Collateral Agent (it being agreed and understood that the Control Agreements that Collateral Agent is entering into with respect to Borrower’s Collateral Accounts maintained with Bank of America on the Effective Date are not in such form and substance as is not reasonably satisfactory to Collateral Agent). (b) Borrower shall provide Collateral Agent five (5) days’ prior written notice before Borrower or any of its Subsidiaries establishes any Collateral Account. In addition, for each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution at or with which such Collateral Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Collateral Agent’s Lien in such Collateral Account in accordance with the terms hereunder prior to the establishment of such Collateral Account, which Control Agreement must be in such form and substance as is reasonably satisfactory to Collateral Agent and may not be terminated without prior written consent of Collateral Agent. The provisions of the previous sentence and subsection (a) above shall not apply to (i) deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Collateral Agent by Borrower as such in the Perfection Certificates and (ii) BofA Credit Card Account so long as such account is maintained exclusively for the purpose of securitizing Borrower’s Indebtedness described in clause (g) of the definition of Permitted Indebtedness and the balance in such account does not exceed Three Hundred One Thousand Dollars ($301,000.00). (c) Neither Borrower nor any of its Subsidiaries shall maintain any Collateral Accounts except Collateral Accounts maintained in accordance with Sections 6.6(a) and (b); provided, however, Borrower may continue to maintain its Collateral Accounts, set forth on the Perfection Certificates on the Effective Date, with Bank of America; provided, further, that Borrower shall close all of its Collateral Accounts maintained with Bank of America on the Effective Date (other than the BofA Credit Card Account) and deliver to Collateral Agent evidence (in such form and substance as is reasonably acceptable to Collateral Agent) of closure of all of such Collateral Accounts within thirty (30) days after the Effective Date.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto, except for, subject to the relevant Control Agreement, the account bank party to such Control Agreement; (a) Schedule 2 sets forth under the heading “Deposit Accounts” all of the Deposit Accounts in which such Grantor has an interest and, except as otherwise disclosed to the Administrative Agent, such Grantor is the sole account holder of each such Deposit Account and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having either sole dominion and control (within the meaning of common law) or “control” (within the meaning of Section 9-104 of the UCC) over, or any other interest in, any such Deposit Account or any money or other property deposited therein, except for, subject to the relevant Control Agreement, the account bank party to such Control Agreement; and (b) Except as otherwise permitted under Section 5.6 and Section 5.7, such Grantor has taken all actions necessary or desirable to: (i) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any Certificated Securities (as defined in Section 9-102 of the UCC); (ii) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any portion of the Investment Accounts constituting Securities Accounts, Commodity Accounts, Securities Entitlements or Uncertificated Securities (each as defined in Section 9-102 of the UCC); (iii) establish the Administrative Agent’s “control” (within the meaning of Section 9-104 of the UCC) over all Deposit Accounts other than Exempt Accounts; and (iv) deliver all Instruments (as defined in Section 9-102 of the UCC) to the Administrative Agent to the extent required hereunder, provided, that the Administrative Agent shall not send a notice of sole control or similar notice unless an Event of Default has occurred and is continuing.