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 Michigan Investment Advisory Agreement is a legally binding contract that outlines the terms and conditions between an investment advisor and a client in the state of Michigan. This agreement defines the scope of the advisory services, the responsibilities of both parties, and the fees associated with the services provided. One type of Michigan Investment Advisory Agreement is the Traditional Advisory Agreement. This agreement establishes a long-term relationship where the investment advisor provides ongoing advice and portfolio management services to the client. The agreement typically outlines the investment objectives, risk tolerance, and any restrictions or exclusions specified by the client. Another type is the Limited Advisory Agreement, which is a more specific and focused arrangement. Under this agreement, the investment advisor provides advisory services for a limited scope of investments or a specific project. This agreement allows the client to benefit from the expertise of the investment advisor for a specific purpose, without committing to a long-term advisory relationship. The Uniform Investment Advisor Consent to Service of Process is an essential clause found in most Michigan Investment Advisory Agreements. This clause designates a person or entity within Michigan to accept legal documents or notices related to any legal actions or disputes involving the agreement. It ensures that the investment advisor can be held accountable within the state jurisdiction if any legal issues arise. The Michigan Investment Advisory Agreement also addresses important aspects such as confidentiality, disclosure requirements, and termination provisions. Confidentiality clauses ensure that any sensitive or non-public information shared by the client remains confidential and protected. Disclosure requirements establish transparency by mandating the investment advisor to disclose any potential conflicts of interest or material facts to the client. The termination provisions outline the conditions under which either party can end the agreement. In summary, the Michigan Investment Advisory Agreement is a comprehensive contract that facilitates a professional relationship between an investment advisor and a client. It outlines the scope of services, responsibilities, compensation, legal obligations, and other key terms to ensure a transparent and lawful engagement. The different types of agreements include the Traditional Advisory Agreement, Limited Advisory Agreement, and the Uniform Investment Advisor Consent to Service of Process, each serving a specific purpose based on the client's needs.The Michigan Investment Advisory Agreement is a legally binding contract that outlines the terms and conditions between an investment advisor and a client in the state of Michigan. This agreement defines the scope of the advisory services, the responsibilities of both parties, and the fees associated with the services provided. One type of Michigan Investment Advisory Agreement is the Traditional Advisory Agreement. This agreement establishes a long-term relationship where the investment advisor provides ongoing advice and portfolio management services to the client. The agreement typically outlines the investment objectives, risk tolerance, and any restrictions or exclusions specified by the client. Another type is the Limited Advisory Agreement, which is a more specific and focused arrangement. Under this agreement, the investment advisor provides advisory services for a limited scope of investments or a specific project. This agreement allows the client to benefit from the expertise of the investment advisor for a specific purpose, without committing to a long-term advisory relationship. The Uniform Investment Advisor Consent to Service of Process is an essential clause found in most Michigan Investment Advisory Agreements. This clause designates a person or entity within Michigan to accept legal documents or notices related to any legal actions or disputes involving the agreement. It ensures that the investment advisor can be held accountable within the state jurisdiction if any legal issues arise. The Michigan Investment Advisory Agreement also addresses important aspects such as confidentiality, disclosure requirements, and termination provisions. Confidentiality clauses ensure that any sensitive or non-public information shared by the client remains confidential and protected. Disclosure requirements establish transparency by mandating the investment advisor to disclose any potential conflicts of interest or material facts to the client. The termination provisions outline the conditions under which either party can end the agreement. In summary, the Michigan Investment Advisory Agreement is a comprehensive contract that facilitates a professional relationship between an investment advisor and a client. It outlines the scope of services, responsibilities, compensation, legal obligations, and other key terms to ensure a transparent and lawful engagement. The different types of agreements include the Traditional Advisory Agreement, Limited Advisory Agreement, and the Uniform Investment Advisor Consent to Service of Process, each serving a specific purpose based on the client's needs.
