Define: Direct Accounts

How is Direct Accounts defined in a legal contract?

• Direct Accounts means accounts held by shareholders which are not approved institutions. Seen in 14 SEC Filings
• Direct Accounts means a registered account maintained by a financial intermediary. Seen in 4 SEC Filings
• Direct Accounts means the account of any person who has directly invested amounts into the funds through a transfer agent. Any such account not established through the use of a broker-dealer, including any other similar non-managed money accounts invested in the Funds through the Transfer Agent can also be referred as a Direct Account. Seen in 2 SEC Filings
• Direct Accounts means the accounts of clients to which, or in respect of which, investment management or investment advisory services are provided. It can be for high net worth persons, institutions or other persons. Seen in 2 SEC Filings
• Direct Accounts means the accounts of clients of the business. Seen in 1 SEC Filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of direct accounts' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Direct Accounts means the accounts of shareholders not classified as approved institutions.

Relevant Contract Type

• Shareholder Agreements
• Investment Agreements
• Securities Agreements

Relevant Circumstances

• When shareholders' accounts need to be distinguished from approved institutions
• In instances where investment accounts are held directly by shareholders, not via intermediaries

Relevant Sectors

• Finance
• Banking

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Genie Definition 2

Direct Accounts means the accounts of clients to which investment management or advisory services are provided.

Relevant Contract Type

• Investment Management Agreements
• Financial Advisory Agreements

Relevant Circumstances

• In all cases where investment management or advisory services are being provided to clients through their accounts
• When there's a need to specifically point out the accounts that receive certain types of services

Relevant Sectors

• Financial Services
• Investment Management

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