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.
Ohio Investment Advisory Agreement is a legal document that outlines the terms and conditions between an investment advisor and a client in the state of Ohio. This agreement governs the relationship between the advisor and the client and sets forth the scope of services, fees, and responsibilities of each party involved. In Ohio, there are several types of Investment Advisory Agreements that cater to different types of investors and their unique needs. These agreements are tailored to fit various investment strategies, risk levels, and client preferences. Here are some common types of Investment Advisory Agreements in Ohio: 1. Comprehensive Investment Advisory Agreement: This type of agreement provides a wide range of investment advisory services, including portfolio management, financial planning, asset allocation, and ongoing monitoring and reporting. 2. Limited Investment Advisory Agreement: This agreement is more focused and specific, typically providing advisory services for a particular investment objective, such as a specific asset class or sector. It may exclude other services like financial planning or asset allocation. 3. Discretionary Investment Advisory Agreement: This type of agreement grants the investment advisor the authority to make investment decisions on behalf of the client without requiring prior approval for each transaction. The advisor has the discretion to buy, sell, or hold securities based on the client's investment objectives and agreed-upon guidelines. 4. Non-Discretionary Investment Advisory Agreement: Unlike the discretionary agreement, a non-discretionary agreement requires the investment advisor to receive the client's approval before executing any investment decisions. The advisor provides recommendations, but final decisions rest with the client. 5. Fee-Only Investment Advisory Agreement: This agreement specifies that the advisor's compensation will solely come from advisory fees paid by the client, eliminating any potential conflicts of interest associated with commissions or brokerage fees. This fee structure ensures that the advisor's incentives align with the client's best interests. 6. Performance-Based Investment Advisory Agreement: In Ohio, this agreement allows investment advisors to charge fees based on a percentage of the investment gains or profits achieved, providing an additional incentive for the advisor to generate positive results. However, it is crucial to ensure compliance with Ohio laws and regulations governing performance-based fees. When finalizing an Ohio Investment Advisory Agreement, it is vital to consider the specific needs, risk tolerance, and investment goals of the individual client. Seeking legal counsel or consulting with a qualified investment professional can help ensure that the agreement adequately protects the client's interests while complying with applicable laws and regulations in Ohio.
