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.
Oakland Michigan Investment Advisory Agreement is a legally binding contract entered into between an investment advisor or firm and an individual or entity seeking investment advice or management services in Oakland County, Michigan. This agreement outlines the terms and conditions under which the investment advisory services will be provided, ensuring clarity and setting mutual expectations between the involved parties. Keywords: Oakland Michigan, Investment Advisory Agreement, investment advisor, investment management services, legally binding contract, Oakland County, Michigan, terms and conditions, investment advisory services. Types of Oakland Michigan Investment Advisory Agreements: 1. General Investment Advisory Agreement: This is the most common type of advisory agreement, where the investment advisor provides a wide range of investment advice and services tailored to the client's specific investment goals and risk tolerance. 2. Fixed Fee Investment Advisory Agreement: This type of agreement involves a pre-determined fixed fee or flat rate charged by the investment advisor for their services, regardless of the size or performance of the client's investment portfolio. 3. Performance-Based Investment Advisory Agreement: In this arrangement, the investment advisor's fees are based on a percentage of the client's investment portfolio's performance. If the portfolio performs well, the advisor receives a higher fee, providing an incentive for the advisor to generate positive returns. 4. Wrap Fee Investment Advisory Agreement: A wrap fee agreement bundles multiple services together under a single fee, including investment management, financial planning, and brokerage services. This simplifies the client's fee structure and offers convenience. 5. Limited Scope Investment Advisory Agreement: This type of agreement defines specific investment services or areas that the investment advisor will focus on, such as asset allocation, portfolio analysis, or risk management. It is suitable for clients who may already have expertise in certain areas and require specialized guidance. 6. Discretionary vs. Non-Discretionary Investment Advisory Agreement: The agreement may specify whether the investment advisor has discretionary authority over the client's investments. In a discretionary agreement, the advisor can make investment decisions on behalf of the client without requiring prior consent, while in a non-discretionary agreement, the advisor can only provide recommendations, and the client retains the final say. Overall, the Oakland Michigan Investment Advisory Agreement is crucial in establishing a professional relationship and ensuring both parties are aligned in terms of investment objectives, services, and fees.Oakland Michigan Investment Advisory Agreement is a legally binding contract entered into between an investment advisor or firm and an individual or entity seeking investment advice or management services in Oakland County, Michigan. This agreement outlines the terms and conditions under which the investment advisory services will be provided, ensuring clarity and setting mutual expectations between the involved parties. Keywords: Oakland Michigan, Investment Advisory Agreement, investment advisor, investment management services, legally binding contract, Oakland County, Michigan, terms and conditions, investment advisory services. Types of Oakland Michigan Investment Advisory Agreements: 1. General Investment Advisory Agreement: This is the most common type of advisory agreement, where the investment advisor provides a wide range of investment advice and services tailored to the client's specific investment goals and risk tolerance. 2. Fixed Fee Investment Advisory Agreement: This type of agreement involves a pre-determined fixed fee or flat rate charged by the investment advisor for their services, regardless of the size or performance of the client's investment portfolio. 3. Performance-Based Investment Advisory Agreement: In this arrangement, the investment advisor's fees are based on a percentage of the client's investment portfolio's performance. If the portfolio performs well, the advisor receives a higher fee, providing an incentive for the advisor to generate positive returns. 4. Wrap Fee Investment Advisory Agreement: A wrap fee agreement bundles multiple services together under a single fee, including investment management, financial planning, and brokerage services. This simplifies the client's fee structure and offers convenience. 5. Limited Scope Investment Advisory Agreement: This type of agreement defines specific investment services or areas that the investment advisor will focus on, such as asset allocation, portfolio analysis, or risk management. It is suitable for clients who may already have expertise in certain areas and require specialized guidance. 6. Discretionary vs. Non-Discretionary Investment Advisory Agreement: The agreement may specify whether the investment advisor has discretionary authority over the client's investments. In a discretionary agreement, the advisor can make investment decisions on behalf of the client without requiring prior consent, while in a non-discretionary agreement, the advisor can only provide recommendations, and the client retains the final say. Overall, the Oakland Michigan Investment Advisory Agreement is crucial in establishing a professional relationship and ensuring both parties are aligned in terms of investment objectives, services, and fees.
