Washington Investment Management Agreement

• Category: Contracts - Equity Funds
• State: Multi-State
• Control #: US-PE-EAM
• Format: Word; Rich Text

Description

This is a sample private equity company form, an Investment Management Agreement. Available in Word format. The Washington Investment Management Agreement is a legally binding contract established between an investor and a financial institution or investment advisor based in Washington state. This agreement outlines the terms and conditions under which the investment advisor will manage the investor's assets and make investment decisions on their behalf. Key aspects covered in a typical Washington Investment Management Agreement include the scope of services, investment objectives, the authority and discretion delegated to the investment advisor, fees and expenses, the responsibilities and obligations of both parties, termination conditions, and any applicable regulatory requirements. Different types of investment management agreements in Washington include: 1. Discretionary Investment Management Agreement: This type of agreement grants the investment advisor full authority and discretion to make investment decisions on behalf of the investor without obtaining prior consent for each individual trade. 2. Non-Discretionary Investment Management Agreement: In this agreement, the investment advisor provides recommendations or advice to the investor regarding investment decisions, but the final decision-making authority rests with the investor. The advisor will execute trades on the investor's instruction. 3. Limited Power of Attorney (LPO) Investment Management Agreement: This agreement provides the investment advisor with limited authority to manage the investor's assets, such as executing trades and managing specific investments designated by the investor. However, the advisor does not have the authority to make broader investment decisions without the investor's approval. 4. Wrap Fee Program Agreement: A Wrap Fee Program Agreement combines investment management services with other services, such as custody and execution of trades. These programs typically bundle various fees into a single "wrap fee" which covers all the associated services. When entering into a Washington Investment Management Agreement, it is crucial for investors to carefully review and understand the terms and conditions, as well as the rights and obligations of both parties. Seeking legal or financial advice, and conducting due diligence on the investment advisor's credentials and track record, can also be advantageous to protect the investor's interests.

The Washington Investment Management Agreement is a legally binding contract established between an investor and a financial institution or investment advisor based in Washington state. This agreement outlines the terms and conditions under which the investment advisor will manage the investor's assets and make investment decisions on their behalf. Key aspects covered in a typical Washington Investment Management Agreement include the scope of services, investment objectives, the authority and discretion delegated to the investment advisor, fees and expenses, the responsibilities and obligations of both parties, termination conditions, and any applicable regulatory requirements. Different types of investment management agreements in Washington include: 1. Discretionary Investment Management Agreement: This type of agreement grants the investment advisor full authority and discretion to make investment decisions on behalf of the investor without obtaining prior consent for each individual trade. 2. Non-Discretionary Investment Management Agreement: In this agreement, the investment advisor provides recommendations or advice to the investor regarding investment decisions, but the final decision-making authority rests with the investor. The advisor will execute trades on the investor's instruction. 3. Limited Power of Attorney (LPO) Investment Management Agreement: This agreement provides the investment advisor with limited authority to manage the investor's assets, such as executing trades and managing specific investments designated by the investor. However, the advisor does not have the authority to make broader investment decisions without the investor's approval. 4. Wrap Fee Program Agreement: A Wrap Fee Program Agreement combines investment management services with other services, such as custody and execution of trades. These programs typically bundle various fees into a single "wrap fee" which covers all the associated services. When entering into a Washington Investment Management Agreement, it is crucial for investors to carefully review and understand the terms and conditions, as well as the rights and obligations of both parties. Seeking legal or financial advice, and conducting due diligence on the investment advisor's credentials and track record, can also be advantageous to protect the investor's interests.