Massachusetts Administration Agreement between Neuberger and Berman Advisers Management Trust and Neuberger and Berman Management Inc

• Category: Corporations - Public - Restructuring
• State: Multi-State
• Control #: US-CC-7-636
• Format: Word; Rich Text

Description

This sample form, a detailed Administration Agreement document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. Description: The Massachusetts Administration Agreement is a legally binding contract that outlines the relationship and responsibilities between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc, both prominent entities in the financial industry. This agreement governs the administration and management of various financial instruments and investment strategies offered by these firms within the state of Massachusetts. Under this agreement, Berger and Berman Advisers Management Trust acts as the trustee and fiduciary, while Berger and Berman Management Inc serves as the investment manager. Together, they work in tandem to ensure the smooth operation and effective management of client portfolios, complying with Massachusetts-specific laws and regulations. The Massachusetts Administration Agreement plays a crucial role in defining the duties and obligations of both parties involved. These may include but are not limited to the following: 1. Investment Management: Berger and Berman Management Inc has the authority to make investment decisions on behalf of the clients, utilizing their expertise and experience in the financial markets. They are responsible for selecting suitable investments and monitoring their performance. 2. Custody Services: Berger and Berman Advisers Management Trust, as the trustee, holds the assets and securities in custody, ensuring their safekeeping and proper documentation. They are accountable for maintaining accurate records and providing periodic statements to the clients. 3. Reporting: Both parties are obliged to provide regular reports to Massachusetts authorities and clients. These reports cover various aspects of portfolio performance, compliance with regulations, and any relevant updates or changes. 4. Compliance and Regulations: It is imperative for both entities to strictly adhere to state-specific regulations, including securities laws and fiduciary standards. The agreement outlines the necessary steps and procedures to maintain compliance, ensuring the protection of client assets and interests. Types of Massachusetts Administration Agreement between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc may differ based on: 1. Service Scope: The agreement can vary depending on whether it pertains to advisory services for individual investors, institutional clients, or certain types of specialized investment vehicles such as mutual funds, hedge funds, or pension funds. 2. Duration: The agreement may have specified terms, such as a fixed duration or a rolling agreement that renews periodically. The terms can also differ depending on the specific investment strategies employed. 3. Customization: In some cases, the Massachusetts Administration Agreement may be tailored to meet the specific requirements of certain clients or investment mandates, allowing for a more personalized approach to investment management and administration. In conclusion, the Massachusetts Administration Agreement between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc establishes a solid framework for the effective management and administration of investment portfolios within the state. This agreement sets the expectations, responsibilities, and compliance measures necessary to ensure a transparent and secure relationship between these financial entities and their clients.

Description: The Massachusetts Administration Agreement is a legally binding contract that outlines the relationship and responsibilities between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc, both prominent entities in the financial industry. This agreement governs the administration and management of various financial instruments and investment strategies offered by these firms within the state of Massachusetts. Under this agreement, Berger and Berman Advisers Management Trust acts as the trustee and fiduciary, while Berger and Berman Management Inc serves as the investment manager. Together, they work in tandem to ensure the smooth operation and effective management of client portfolios, complying with Massachusetts-specific laws and regulations. The Massachusetts Administration Agreement plays a crucial role in defining the duties and obligations of both parties involved. These may include but are not limited to the following: 1. Investment Management: Berger and Berman Management Inc has the authority to make investment decisions on behalf of the clients, utilizing their expertise and experience in the financial markets. They are responsible for selecting suitable investments and monitoring their performance. 2. Custody Services: Berger and Berman Advisers Management Trust, as the trustee, holds the assets and securities in custody, ensuring their safekeeping and proper documentation. They are accountable for maintaining accurate records and providing periodic statements to the clients. 3. Reporting: Both parties are obliged to provide regular reports to Massachusetts authorities and clients. These reports cover various aspects of portfolio performance, compliance with regulations, and any relevant updates or changes. 4. Compliance and Regulations: It is imperative for both entities to strictly adhere to state-specific regulations, including securities laws and fiduciary standards. The agreement outlines the necessary steps and procedures to maintain compliance, ensuring the protection of client assets and interests. Types of Massachusetts Administration Agreement between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc may differ based on: 1. Service Scope: The agreement can vary depending on whether it pertains to advisory services for individual investors, institutional clients, or certain types of specialized investment vehicles such as mutual funds, hedge funds, or pension funds. 2. Duration: The agreement may have specified terms, such as a fixed duration or a rolling agreement that renews periodically. The terms can also differ depending on the specific investment strategies employed. 3. Customization: In some cases, the Massachusetts Administration Agreement may be tailored to meet the specific requirements of certain clients or investment mandates, allowing for a more personalized approach to investment management and administration. In conclusion, the Massachusetts Administration Agreement between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc establishes a solid framework for the effective management and administration of investment portfolios within the state. This agreement sets the expectations, responsibilities, and compliance measures necessary to ensure a transparent and secure relationship between these financial entities and their clients.