Missouri Investment Management Agreement for Separate Account Clients

• Category: Contracts - Consultants
• State: Multi-State
• Control #: US-13235BG
• Format: Word; Rich Text

Description

An Investment Management Agreement is a formal arrangement between a registered investment adviser and an investor stipulating the terms under which the adviser is authorized to act on behalf of the investor to manage the assets listed in the agreement. The Missouri Investment Management Agreement for Separate Account Clients is a legal document that establishes the terms and conditions governing the relationship between an individual or an entity (the client) and an investment manager based in Missouri. This agreement outlines the rights, responsibilities, and obligations of both parties involved in managing the client's separate account. The primary objective of the Missouri Investment Management Agreement is to clearly define the scope of the investment manager's services, the investment strategy to be employed, and the management fees to be charged. It serves as a guide and framework for the management of the separate account, ensuring transparency and accountability. Under this agreement, clients have the option to choose from different types of investment management arrangements. These may include: 1. Discretionary Account Management: In this arrangement, the investment manager has full authority to make investment decisions on behalf of the client without requiring prior approval for each trade or transaction. The manager has the flexibility to adjust the portfolio based on market conditions and the client's investment objectives. 2. Non-Discretionary Account Management: This type of account management requires the investment manager to seek the client's approval for every investment decision. The manager provides recommendations and advice to the client, who retains the final say in approving or rejecting proposed investment actions. The Missouri Investment Management Agreement for Separate Account Clients typically covers other essential aspects such as risk tolerance assessment, performance benchmarks, reporting requirements, custody of assets, confidentiality, and termination provisions. These details are crucial for maintaining a clear understanding of the rights and responsibilities of both parties throughout the duration of the agreement. In conclusion, the Missouri Investment Management Agreement for Separate Account Clients is a vital legal document that sets the terms and conditions for the provision of investment management services to individual or institutional clients. Its various types, including discretionary and non-discretionary account management, cater to different client preferences and investment objectives. By clearly outlining the rights and obligations of both parties, this agreement ensures a transparent and productive relationship between the client and the investment manager.

The Missouri Investment Management Agreement for Separate Account Clients is a legal document that establishes the terms and conditions governing the relationship between an individual or an entity (the client) and an investment manager based in Missouri. This agreement outlines the rights, responsibilities, and obligations of both parties involved in managing the client's separate account. The primary objective of the Missouri Investment Management Agreement is to clearly define the scope of the investment manager's services, the investment strategy to be employed, and the management fees to be charged. It serves as a guide and framework for the management of the separate account, ensuring transparency and accountability. Under this agreement, clients have the option to choose from different types of investment management arrangements. These may include: 1. Discretionary Account Management: In this arrangement, the investment manager has full authority to make investment decisions on behalf of the client without requiring prior approval for each trade or transaction. The manager has the flexibility to adjust the portfolio based on market conditions and the client's investment objectives. 2. Non-Discretionary Account Management: This type of account management requires the investment manager to seek the client's approval for every investment decision. The manager provides recommendations and advice to the client, who retains the final say in approving or rejecting proposed investment actions. The Missouri Investment Management Agreement for Separate Account Clients typically covers other essential aspects such as risk tolerance assessment, performance benchmarks, reporting requirements, custody of assets, confidentiality, and termination provisions. These details are crucial for maintaining a clear understanding of the rights and responsibilities of both parties throughout the duration of the agreement. In conclusion, the Missouri Investment Management Agreement for Separate Account Clients is a vital legal document that sets the terms and conditions for the provision of investment management services to individual or institutional clients. Its various types, including discretionary and non-discretionary account management, cater to different client preferences and investment objectives. By clearly outlining the rights and obligations of both parties, this agreement ensures a transparent and productive relationship between the client and the investment manager.