Program sponsor definition
Examples of Program sponsor in a sentence
The Model Program sponsor exercises investment discretion and typically executes the securities transactions for the underlying clients.
Child and Adult Care Food Program and Summer Food Service Program sponsor organizations.
For AMS Managed Accounts, RJA, through AMS, is both Program sponsor and a discretionary investment adviser in recommending and monitoring the Manager(s), investment disciplines, and/or strategies available in the Program for your selection; and AMS or Manager, as applicable, provides discretionary investment management services in selecting Securities for your Account in accordance with the selected strategy or discipline.
Harding Loevner also participates in model programs (“Model Programs”), sometimes referred to as UMA Programs, where we furnish non-discretionary investment advice and recommendations by delivering a model securities portfolio to, or as directed by, the Model Program sponsor.
The Model Program sponsor is responsible for implementing any client-specific investment restrictions and determining the suitability of our investment strategy for the client.