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 Idaho Investment Advisory Agreement is a legally binding document that outlines the terms and conditions between an investment advisor and a client residing in the state of Idaho. This agreement governs the relationship between the two parties, ensures client protection, and outlines the advisor's responsibilities and obligations. This agreement is essential to establish the scope of services provided by the investment advisor, the fees charged, and the client's investment objectives. It also serves to comply with legal and regulatory requirements set forth by relevant Idaho state laws, such as the Idaho Uniform Securities Act. There are various types of Idaho Investment Advisory Agreements, including: 1. Standard Investment Advisory Agreement: This is the most common type that covers a wide range of services such as investment research, portfolio management, financial planning, and investment recommendations. 2. Limited Investment Advisory Agreement: This type of agreement restricts the scope of services provided by the advisor. It might be suitable for clients seeking targeted investment advice or assistance in specific financial areas. 3. Wrap Fee Investment Advisory Agreement: This agreement encompasses a bundled fee structure where the investment advisor charges a comprehensive fee, which includes advisory services, transaction costs, and other related expenses. 4. Discretionary Investment Advisory Agreement: This agreement grants the investment advisor the discretion to make investment decisions on behalf of the client without obtaining prior approval for each transaction. However, the advisor must still act in accordance with the client's stated objectives and risk preferences. Idaho Investment Advisory Agreements typically contain several key provisions, including but not limited to: a. Services Provided: A detailed description of the services the investment advisor will provide to the client, including investment management, financial planning, and other related offerings. b. Compensation: Clear disclosure of the fees, charges, and compensation structure associated with the advisory services provided by the investment advisor. This may include management fees, performance-based fees, or other charges. c. Duration and Termination: The length of the agreement, terms for termination, and any associated penalties or notice periods. d. Client's Objectives and Restrictions: A section specifying the client's investment goals, risk tolerance, and any restrictions or limitations on the types of investments allowed. e. Confidentiality and Use of Client Information: The agreement should address the treatment of client information, ensuring its confidentiality and limiting its use solely for the purposes of providing investment advice. f. Governing Law and Dispute Resolution: Designation of the governing law, such as Idaho state laws, and the preferred method of dispute resolution, such as arbitration or mediation. Clients and investment advisors in Idaho must carefully review and understand the terms and conditions specified in the Investment Advisory Agreement before signing it. Seeking legal or professional advice is essential to ensure compliance with applicable laws and to protect the rights and interests of all parties involved.The Idaho Investment Advisory Agreement is a legally binding document that outlines the terms and conditions between an investment advisor and a client residing in the state of Idaho. This agreement governs the relationship between the two parties, ensures client protection, and outlines the advisor's responsibilities and obligations. This agreement is essential to establish the scope of services provided by the investment advisor, the fees charged, and the client's investment objectives. It also serves to comply with legal and regulatory requirements set forth by relevant Idaho state laws, such as the Idaho Uniform Securities Act. There are various types of Idaho Investment Advisory Agreements, including: 1. Standard Investment Advisory Agreement: This is the most common type that covers a wide range of services such as investment research, portfolio management, financial planning, and investment recommendations. 2. Limited Investment Advisory Agreement: This type of agreement restricts the scope of services provided by the advisor. It might be suitable for clients seeking targeted investment advice or assistance in specific financial areas. 3. Wrap Fee Investment Advisory Agreement: This agreement encompasses a bundled fee structure where the investment advisor charges a comprehensive fee, which includes advisory services, transaction costs, and other related expenses. 4. Discretionary Investment Advisory Agreement: This agreement grants the investment advisor the discretion to make investment decisions on behalf of the client without obtaining prior approval for each transaction. However, the advisor must still act in accordance with the client's stated objectives and risk preferences. Idaho Investment Advisory Agreements typically contain several key provisions, including but not limited to: a. Services Provided: A detailed description of the services the investment advisor will provide to the client, including investment management, financial planning, and other related offerings. b. Compensation: Clear disclosure of the fees, charges, and compensation structure associated with the advisory services provided by the investment advisor. This may include management fees, performance-based fees, or other charges. c. Duration and Termination: The length of the agreement, terms for termination, and any associated penalties or notice periods. d. Client's Objectives and Restrictions: A section specifying the client's investment goals, risk tolerance, and any restrictions or limitations on the types of investments allowed. e. Confidentiality and Use of Client Information: The agreement should address the treatment of client information, ensuring its confidentiality and limiting its use solely for the purposes of providing investment advice. f. Governing Law and Dispute Resolution: Designation of the governing law, such as Idaho state laws, and the preferred method of dispute resolution, such as arbitration or mediation. Clients and investment advisors in Idaho must carefully review and understand the terms and conditions specified in the Investment Advisory Agreement before signing it. Seeking legal or professional advice is essential to ensure compliance with applicable laws and to protect the rights and interests of all parties involved.
