This document is an Investment Advisory Agreement that appoints the investment advisor as attorney-in-fact to the trustee. It details the duties and obligations of the investment advisor and provides indemnity to the advisor. It also spells out the duration and termination of the agreement and the governing law of the agreement.
The Wake North Carolina Investment Advisory Agreement is a legally binding contract between an investment advisor and a client interested in receiving advisory services for their investments in Wake, North Carolina. This agreement outlines the terms and conditions that will govern the relationship between the advisor and the client. The purpose of this agreement is to establish guidelines regarding the advisory services to be provided, the fee structure, and the responsibilities of both parties involved. The key objective of the investment advisor is to offer professional advice, guidance, and recommendations to the client on investment opportunities and strategies suitable to their financial goals and risk tolerance. The Wake North Carolina Investment Advisory Agreement typically includes the following key components: 1. Parties Involved: Identifies the investment advisor and the client, including their contact details and any relevant certifications or licenses held by the advisor. 2. Scope of Services: Clearly defines the nature and extent of the advisory services to be rendered, such as portfolio management, asset allocation, financial planning, retirement planning, or tax planning. 3. Investment Objectives and Restrictions: Discusses the client's investment goals, risk tolerance, and any specific restrictions or limitations that need to be considered when formulating investment strategies. 4. Fee Structure: Details the compensation arrangement for the investment advisor, including the calculation method (e.g., fixed fee, hourly rate, or percentage of assets under management) and the payment schedule. 5. Advisory Relationship: Outlines the duties and responsibilities of both parties, including the advisor's duty of loyalty, duty to provide suitable advice, and the client's duty to provide accurate and complete information about their financial situation and investment objectives. 6. Termination: Specifies the conditions under which either party may terminate the agreement, such as non-payment of fees, breach of contract terms, or change in circumstances. Types of Wake North Carolina Investment Advisory Agreements may include: a) Discretionary Advisory Agreement: This agreement allows the investment advisor to make and implement investment decisions on behalf of the client without obtaining prior approval for each transaction. b) Non-Discretionary Advisory Agreement: This agreement requires the investment advisor to only provide advice and recommendations to the client, who retains full control and decision-making authority over their investments. c) Wrap Fee Program Agreement: A wrap fee program agreement combines investment advisory services with other services like execution, custody, and administrative services, bundling them into a single, comprehensive fee. This type of agreement provides a simplified fee structure for the client. In conclusion, the Wake North Carolina Investment Advisory Agreement is a vital document that establishes the parameters and expectations for the investment advisory relationship between an advisor and a client. It governs the provision of advisory services, fee arrangements, and the responsibilities of both parties involved in Wake, North Carolina. Different types of advisory agreements may exist depending on the level of discretion given to the advisor or specific bundled services provided.The Wake North Carolina Investment Advisory Agreement is a legally binding contract between an investment advisor and a client interested in receiving advisory services for their investments in Wake, North Carolina. This agreement outlines the terms and conditions that will govern the relationship between the advisor and the client. The purpose of this agreement is to establish guidelines regarding the advisory services to be provided, the fee structure, and the responsibilities of both parties involved. The key objective of the investment advisor is to offer professional advice, guidance, and recommendations to the client on investment opportunities and strategies suitable to their financial goals and risk tolerance. The Wake North Carolina Investment Advisory Agreement typically includes the following key components: 1. Parties Involved: Identifies the investment advisor and the client, including their contact details and any relevant certifications or licenses held by the advisor. 2. Scope of Services: Clearly defines the nature and extent of the advisory services to be rendered, such as portfolio management, asset allocation, financial planning, retirement planning, or tax planning. 3. Investment Objectives and Restrictions: Discusses the client's investment goals, risk tolerance, and any specific restrictions or limitations that need to be considered when formulating investment strategies. 4. Fee Structure: Details the compensation arrangement for the investment advisor, including the calculation method (e.g., fixed fee, hourly rate, or percentage of assets under management) and the payment schedule. 5. Advisory Relationship: Outlines the duties and responsibilities of both parties, including the advisor's duty of loyalty, duty to provide suitable advice, and the client's duty to provide accurate and complete information about their financial situation and investment objectives. 6. Termination: Specifies the conditions under which either party may terminate the agreement, such as non-payment of fees, breach of contract terms, or change in circumstances. Types of Wake North Carolina Investment Advisory Agreements may include: a) Discretionary Advisory Agreement: This agreement allows the investment advisor to make and implement investment decisions on behalf of the client without obtaining prior approval for each transaction. b) Non-Discretionary Advisory Agreement: This agreement requires the investment advisor to only provide advice and recommendations to the client, who retains full control and decision-making authority over their investments. c) Wrap Fee Program Agreement: A wrap fee program agreement combines investment advisory services with other services like execution, custody, and administrative services, bundling them into a single, comprehensive fee. This type of agreement provides a simplified fee structure for the client. In conclusion, the Wake North Carolina Investment Advisory Agreement is a vital document that establishes the parameters and expectations for the investment advisory relationship between an advisor and a client. It governs the provision of advisory services, fee arrangements, and the responsibilities of both parties involved in Wake, North Carolina. Different types of advisory agreements may exist depending on the level of discretion given to the advisor or specific bundled services provided.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
