Common use of MANAGED ACCOUNTS Clause in Contracts

MANAGED ACCOUNTS. If you have a managed account, the fees you will pay are disclosed to you in the Managed Account Agreement or fee schedule applicable to your Account. Managed accounts are offered only on a fee-based basis. Depending on the style of investment mandate you have, you may pay a higher or lower fee in percentage terms. For example, an equities-based mandate will carry a higher fee than a fixed-income mandate. As the size of your Account grows, you may qualify for a reduced fee.