Trading Authorization. Client grants GBM Wealth Management complete and unlimited trading authorization with respect to the Client Accounts and appoints GBM Wealth Management as agent on Client’s behalf and attorney in fact. GBM Wealth Management may, in its sole discretion purchase, sell, exchange, convert and trade the Securities and other investments at Client’s risk. This authorization is a continuing one and shall remain in full force and effect and be relied on until terminated by notice in writing as set forth herein. GBM Wealth Management is not authorized to withdraw or transfer any money, the Securities or property out of the Account either in the name of Client or otherwise, without the written permission of Client. Client acknowledges and agrees that (i) subject to any limitations specified by Client in writing, GBM Wealth Management's normal investment policies do not conflict with and are permitted by any limitations relevant to the Account; and (ii) Client will execute any documentation reasonably required by ▇▇▇▇▇▇ and Custodian to effect or document the trading authorization. By executing this Agreement and depositing securities in the Account, Client hereby authorizes GBM Wealth Management to provide liquidation instructions to Broker to liquidate, at their current market value, any securities deposited into the Client Account that do not match the portfolio holdings GBM Wealth Management considers to be adequate for the Account. Client acknowledges that the liquidation of securities in the Account may result in a taxable event for Client.
Appears in 4 contracts
Sources: Investment Advisory Agreement, Investment Advisory Agreement, Investment Advisory Agreement
Trading Authorization. Client grants GBM Wealth ▇▇▇▇ Equity Management complete and unlimited trading authorization with respect to the Client Accounts Account and appoints GBM Wealth ▇▇▇▇ Equity Management as agent on Client’s behalf and attorney in fact. GBM Wealth Management may▇▇▇▇ Equity Management, in its sole discretion discretion, may purchase, sell, exchange, convert convert, and trade the Securities and other investments at Client’s risk. This Client authorization is a continuing one and shall remain in full force and effect and be relied on ▇▇▇▇ Equity Management may rely upon it until terminated by notice in writing as set forth herein. GBM Wealth ▇▇▇▇ Equity Management is not authorized to withdraw or to transfer any money, the Securities or property Assets out of the Account either in the name of Client or otherwise, otherwise without the written permission of Client. Client acknowledges and agrees that (i) subject to any limitations specified by Client in writing, GBM Wealth ▇▇▇▇ Equity Management's normal investment policies do not conflict with with, and are permitted by by, any limitations relevant to the Account; and (ii) Client will execute any documentation reasonably required by ▇▇▇▇▇▇ and Custodian to effect or to document the trading authorization. By executing this Agreement and depositing securities Securities in the Account, Client hereby authorizes GBM Wealth ▇▇▇▇ Equity Management to provide liquidation instructions to Broker Custodian to liquidate, at their current market value, any securities Securities deposited into the Client Account that do not match the current portfolio holdings GBM Wealth Management considers to be adequate for the Accountof ▇▇▇▇ Equity Management. Client acknowledges that the liquidation of securities Securities in the Account may result in a taxable event for Client.
Appears in 1 contract
Sources: Investment Advisory Agreement