This Investment Advisory Agreement (the "Agreement") is entered into as of October 30, 2024(the"Effective Date"), by and between Jacobs Investment Management, LLC. ("Advisor"), a registered investment adviser in the state of Florida, and Ryan Jacobs ("Client").
- Discretionary Authority. Client grants Advisor ongoing and continuous discretionary authority to execute investment recommendations in accordance with Client's investment objectives, without the need for prior approval of each specific transaction. Advisor is authorized to purchase and sell securities and instruments, arrange for delivery and payment, select and retain sub-advisors, and act on behalf of the Client in all matters necessary or incidental to the handling of the Account. Advisor is authorized to receive and vote proxies on issues held in the Account or receive annual reports.
- Portfolio Monitoring and Control Procedures. Advisor's services may include monitoring and reporting the performance of investments in Client's Account. Advisor may recommend changes, provide reports or other information, and periodically review the suitability of investments for the Client. The custodian will provide quarterly reports of all assets held in the Account, asset values, and transactions affecting the Account.
- Client Authority. Client represents and confirms that the engagement of Advisor is authorized by the governing documents relating to the Client and does not violate any obligations. Client agrees to provide all necessary account forms, corporate resolutions, and documentation evidencing authority to execute this Agreement. Client warrants and represents ownership of all assets deposited in the Account without restrictions on disposition.
- Expenses. In addition to the Advisory Fee, the Client may incur charges imposed by custodians, brokers, and other third parties. All such charges will be paid out of the Account assets or billed separately to the Client.
- Fees. Compensation to the Advisor will be calculated quarterly as outlined in Schedule A. The Advisor will send the account number and fee to be deducted from the account to the custodian for payment. The client may also be required to pay a proportionate share of any mutual fund fees and charges.
- Custodian Recommendations. Advisor may use its discretion in recommending a custodian, taking into account factors such as price, reliability, and execution of transactions. The advisor will comply with its fiduciary duty to obtain the best execution.
- Aggregation. Advisor is authorized to aggregate purchases, sales, and other transactions in securities or instruments for the Account with those for other clients. Transactions will be averaged, and the Account will be deemed to have participated proportionately.
- Confirmation of Trades. The advisor is not responsible for forwarding confirmations of transactions unless directed by the Client or required by custodial agreements or law.
- Sub-Advisor Relationships. Advisor may recommend that all or a portion of the assets in the Account be managed by an outside investment manager or sub-advisor. The client will be charged the Advisor's fee, and the Advisor will share a portion with the sub-advisor. Advisor is authorized to select or change a sub-advisor without prior approval from the Client.
- Limitation of Liability. The advisor will use its best judgment and good faith efforts in rendering services but does not guarantee any level of Account performance. The client assumes market risks involved in the investment of Account assets.
- No Custody of Assets. The advisor does not have custody of the assets in the Account. The advisor is not liable for any loss or harm to the assets resulting from the insolvency of the custodian or acts of the custodian's agents or employees. However, please note that if the client chooses to participate in the private fund offered by the advisor, the portion of assets allocated to the fund will be deemed to have custody and will be subject to the custody regulations of the Florida Office of Financial Regulation.
- Conflicts of Interest. Advisor agrees to act in the Client's best interest and disclose any conflicts that may have a significant detrimental effect on services provided.
- Non-Exclusive Advisory Services. The advisor may give advice and take action with respect to its other clients or for itself, which may differ from the advice given or actions taken for the Account.
- Reliance on Information. Advisor is entitled to rely on the accuracy of information provided by the Client or on its behalf. Client agrees to inform Advisor of any changes that may alter investment recommendations
- Retirement or Employee Benefit Plan Assets. This section applies if the Client's assets include pension or employee benefit plans governed by ERISA, tax-qualified retirement plans, or individual retirement accounts. The advisor may be appointed as an investment manager, subject to ERISA and Code regulations
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date October 30, 2024.
Client Name:Ryan Jacobs
Contact Email: double.bloater.0r@icloud.com
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Client Information
Signed on Mon Dec 04 2023 12:28:21 GMT-0500 (Eastern Standard Time)
IP Address: 137.103.236.186