Harris Texas Private Client General Asset Management Agreement

• Category: Contracts - Private Client
• State: Multi-State
• County: Harris
• Control #: US-1030BG
• Format: Word; Rich Text

Description

In an asset management agreement, a client gives a service provider the responsibility of managing their assets in a pre-defined way, as specified in the contract. A difference is made between a special asset management agreement and a standard asset management agreement. The client lays out their investment policies in a special asset management agreement. In a general asset management agreement, the asset manager is authorized to make investment decisions without having to consult with the client every time. The Harris Texas Private Client General Asset Management Agreement is a comprehensive legal document that governs the relationship between a private client and Harris Texas Asset Management, outlining the terms and conditions under which the client's assets will be managed by the firm. This agreement is designed to provide a detailed framework for the management of various types of assets, ensuring clarity, transparency, and client protection. The Harris Texas Private Client General Asset Management Agreement covers a wide range of assets, including but not limited to stocks, bonds, mutual funds, real estate investments, and cash. It addresses the responsibilities and obligations of both the client and the asset management firm, ensuring that the assets are managed in accordance with the client's investment objectives, risk tolerance, and financial goals. Key components of the Harris Texas Private Client General Asset Management Agreement include: 1. Scope of Services: This section outlines the specific services to be provided by the asset management firm, such as investment advisory, portfolio monitoring, financial planning, and tax management. 2. Investment Objectives: The agreement defines the client's investment objectives, whether it is capital preservation, income generation, growth, or a combination of these. It also includes the client's risk tolerance and any specific investment restrictions. 3. Fee Structure: The agreement outlines the fee structure for the asset management services provided by Harris Texas, including management fees, performance fees, and any additional expenses incurred during the course of managing the client's assets. 4. Reporting and Communication: This section specifies the frequency and format of performance reporting, as well as the frequency of client meetings and updates. It also defines the channels of communication between the client and Harris Texas, ensuring effective and timely communication. 5. Termination: The agreement includes provisions for termination of the contract, outlining the circumstances under which either party can terminate the agreement and any associated fees or penalties. It is worth noting that while the Harris Texas Private Client General Asset Management Agreement provides a comprehensive framework for asset management, there may be different types or variations of this agreement to cater to specific client needs or circumstances. These may include customized agreements for high-net-worth individuals, trusts, pension funds, or other types of institutional clients.

The Harris Texas Private Client General Asset Management Agreement is a comprehensive legal document that governs the relationship between a private client and Harris Texas Asset Management, outlining the terms and conditions under which the client's assets will be managed by the firm. This agreement is designed to provide a detailed framework for the management of various types of assets, ensuring clarity, transparency, and client protection. The Harris Texas Private Client General Asset Management Agreement covers a wide range of assets, including but not limited to stocks, bonds, mutual funds, real estate investments, and cash. It addresses the responsibilities and obligations of both the client and the asset management firm, ensuring that the assets are managed in accordance with the client's investment objectives, risk tolerance, and financial goals. Key components of the Harris Texas Private Client General Asset Management Agreement include: 1. Scope of Services: This section outlines the specific services to be provided by the asset management firm, such as investment advisory, portfolio monitoring, financial planning, and tax management. 2. Investment Objectives: The agreement defines the client's investment objectives, whether it is capital preservation, income generation, growth, or a combination of these. It also includes the client's risk tolerance and any specific investment restrictions. 3. Fee Structure: The agreement outlines the fee structure for the asset management services provided by Harris Texas, including management fees, performance fees, and any additional expenses incurred during the course of managing the client's assets. 4. Reporting and Communication: This section specifies the frequency and format of performance reporting, as well as the frequency of client meetings and updates. It also defines the channels of communication between the client and Harris Texas, ensuring effective and timely communication. 5. Termination: The agreement includes provisions for termination of the contract, outlining the circumstances under which either party can terminate the agreement and any associated fees or penalties. It is worth noting that while the Harris Texas Private Client General Asset Management Agreement provides a comprehensive framework for asset management, there may be different types or variations of this agreement to cater to specific client needs or circumstances. These may include customized agreements for high-net-worth individuals, trusts, pension funds, or other types of institutional clients.