Selecting a Broker Clause Samples

Selecting a Broker. The Client hereby directs that transactions for the Account should be executed through (the "Directed Broker"). In selecting the Directed Broker, the Client has the sole responsibility for negotiating commission rates and other transaction costs with the Directed Broker. Although Client has selected a Directed Broker, Client agrees that Adviser will not be required to effect any transaction through the Directed Broker if Adviser reasonably believes that to do so may result in a breach of its duties as a fiduciary. Client understands that by instructing Adviser to execute all transactions on behalf of the Account through the Directed Broker, a disparity may exist between the commissions borne by the Account and the commissions borne by Adviser's other clients that do not direct Adviser to use a particular broker- dealer. Client also understands that by instructing Adviser to execute all transactions on behalf of the Account through the Directed Broker, Client may not necessarily obtain commission rates and execution as favorable as those that would be obtained if Adviser was able to place transactions with other broker-dealers. Client also may forego benefits that Adviser may be able to obtain for its other clients through, for example, negotiating volume discounts or block trades. If the Account is maintained on behalf of a plan subject to the Employee Retirement Income Security Act of 1974 ("ERISA") or similar government regulation, Client represents that the Directed Broker is capable of providing best execution for the Account's brokerage transactions, and that the commission rates that Client negotiated are reasonable in relation to the brokerage and other services received by the plan. Client will monitor the services provided by the Directed Broker to assure that the plan continues to receive best execution and pay reasonable commissions. Client represents that the use of the Directed Broker is for the exclusive benefit of the plan. Advisor attests compliance with the Impartial Conduct Standards of ERISA including: acting in the best interest of the retirement investor; ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. • Pittsburgh, PA 15215 Telephone (▇▇▇) ▇▇▇-▇▇▇▇ • Fax: (▇▇▇) ▇▇▇-▇▇▇▇ • Toll Free: (▇▇▇) ▇▇▇-▇▇▇▇ • ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ receiving no more than reasonable compensation for our service; and not making any materially misleading statements about a recommendation transaction, fees and compensation, material conflicts of interest, or any other relevant matters. Further, advi...
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Selecting a Broker. The Client hereby directs that transactions for the Account should be executed through (the "Directed Broker"): Account Executive
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Selecting a Broker. Unless otherwise indicated on Exhibit A, you hereby direct Adviser to execute transactions for your Account through ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Inc. (the "Directed Broker"). The Directed Broker will charge a commission or other form of selling compensation on each securities transaction the Directed Broker effects on your behalf. These commissions may be higher than those that could be obtained through another broker-dealer. If the Account is valued in excess of $100,000 (or such other threshold amount that the Directed Broker may establish from time to time), Adviser may place trades for your Account with another broker-dealer if Adviser reasonably believes that doing so is in the Account's best interest. Additional charges may apply in such cases. In order to improve the quality of executions, Adviser may aggregate trades for multiple client accounts. Adviser will allocate such trades in accordance with Adviser's policies and procedures that are designed to treat all clients fairly. In the event that you direct Adviser to execute your portfolio trades through a broker-dealer other than the Directed Broker, your trades will not be eligible to participate in block orders with Adviser's other managed accounts, and will be effected after trades for client accounts trading through the Directed Broker.
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Related to Selecting a Broker

  • INTRODUCING BROKERS 18.1 The Client may have been referred to Tickmill Ltd by an Introducing Broker. If so, Tickmill Ltd shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd or Tickmill Ltd’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd and third parties according to the Introducing Broker's written instructions and/or at Tickmill Ltd’s discretion.