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.
Maine Investment Advisory Agreement is a legally binding contract entered into between an investment adviser and a client, which establishes the terms and conditions of the advisory relationship. This agreement is crucial for individuals or entities seeking professional guidance regarding their investments. The Maine Investment Advisory Agreement outlines the services to be provided by the adviser, the client's objectives, and the fee structure. It ensures that both parties are on the same page and have a clear understanding of their roles and responsibilities. There are different types of Maine Investment Advisory Agreements that can be tailored to meet specific client requirements and circumstances. Here are a few notable types: 1. General Advisory Agreement: This type of agreement covers a comprehensive range of investment advisory services provided by the adviser. It typically includes portfolio management, financial planning, asset allocation, and other investment-related activities. 2. Limited Advisory Agreement: A limited agreement focuses on a specific area of investment advice, such as retirement planning, estate planning, or tax planning. It is ideal for clients who require specialized guidance in a particular aspect of their financial affairs. 3. Discretionary Advisory Agreement: Under this agreement, the investment adviser is granted discretionary authority, allowing them to make investment decisions on the client's behalf without obtaining prior consent for each transaction. The client must have full trust in the adviser's expertise and judgment. 4. Non-Discretionary Advisory Agreement: In contrast to a discretionary agreement, a non-discretionary agreement requires the investment adviser to seek the client's approval before executing any investment decisions. This type of agreement offers more direct client involvement and control over investment choices. Additionally, the Maine Investment Advisory Agreement covers topics such as the adviser's fiduciary duty to act in the client's best interest, disclosure of conflicts of interest, termination conditions, and dispute resolution mechanisms. It is important for both the investment adviser and the client to thoroughly review and understand the terms of the agreement before signing it. Consulting a legal professional experienced in investment advisory matters is advisable to ensure compliance with Maine's regulations and to protect both parties' interests.Maine Investment Advisory Agreement is a legally binding contract entered into between an investment adviser and a client, which establishes the terms and conditions of the advisory relationship. This agreement is crucial for individuals or entities seeking professional guidance regarding their investments. The Maine Investment Advisory Agreement outlines the services to be provided by the adviser, the client's objectives, and the fee structure. It ensures that both parties are on the same page and have a clear understanding of their roles and responsibilities. There are different types of Maine Investment Advisory Agreements that can be tailored to meet specific client requirements and circumstances. Here are a few notable types: 1. General Advisory Agreement: This type of agreement covers a comprehensive range of investment advisory services provided by the adviser. It typically includes portfolio management, financial planning, asset allocation, and other investment-related activities. 2. Limited Advisory Agreement: A limited agreement focuses on a specific area of investment advice, such as retirement planning, estate planning, or tax planning. It is ideal for clients who require specialized guidance in a particular aspect of their financial affairs. 3. Discretionary Advisory Agreement: Under this agreement, the investment adviser is granted discretionary authority, allowing them to make investment decisions on the client's behalf without obtaining prior consent for each transaction. The client must have full trust in the adviser's expertise and judgment. 4. Non-Discretionary Advisory Agreement: In contrast to a discretionary agreement, a non-discretionary agreement requires the investment adviser to seek the client's approval before executing any investment decisions. This type of agreement offers more direct client involvement and control over investment choices. Additionally, the Maine Investment Advisory Agreement covers topics such as the adviser's fiduciary duty to act in the client's best interest, disclosure of conflicts of interest, termination conditions, and dispute resolution mechanisms. It is important for both the investment adviser and the client to thoroughly review and understand the terms of the agreement before signing it. Consulting a legal professional experienced in investment advisory matters is advisable to ensure compliance with Maine's regulations and to protect both parties' interests.
