Investment Advisory Agreement Vs Investment Management Agreement


Account creation: The client must create one or more accounts with TD Ameritrade Institutional (the “Custodian”) and deposit at least $500.00 in cash on each of these accounts (the cumulative “account”). BrightPlan disclaims any responsibility for the provision of services (as defined below) until the customer has opened the account and BrightPlan has received notification that the account has been financed with at least $500.00 in cash and/or liquid securities and access to account management. Subject to the provisions of this Agreement, BrightPlan has exclusive authority to invest and reinvest assets in the account. The agreement or annex to the agreement should include investment guidelines under which the account is managed. These guidelines should not only define the account`s investment objective (for example. B the valuation of capital), but also all investment allocations (. B for example, a target of 60% equity and 40% debt) and investment restrictions (for example, no more. B of 20% in foreign securities, only investment degree debts, no derivatives). You would like to discuss with the advisor the initial directions that you must follow in the current circumstances and risk tolerances, and review these guidelines on a regular basis. Investment rules are the primary means of monitoring the consultant`s activities, so you should make sure they are clear and comfortable with them. Customer Communication: The customer recognizes that the value and usefulness of the services provided by BrightPlan depend on the information provided by the customer via BrightPlan`s website and/or mobile application and on the customer`s active participation in the formulation of the investment profile and plan. The customer ensures and guarantees that the financial and other information provided to BrightPlan is, in good conscience, accurate, accurate and complete.

The customer authorizes BrightPlan to rely exclusively on information provided by the customer via BrightPlan`s website or mobile app and agrees that BrightPlan is not required to independently verify all information obtained by customer or customer representatives. The client undertakes to immediately inform BrightPlan of any changes to the client`s investment profile, including financial situation, investment objectives or other factors that could be important to BrightPlan in providing the services by updating the client`s investment profile on the site. The customer authorizes BrightPlan to provide personal financial information, quarterly assessments and reports, newsletters, disclosure documents and similar information, as well as other communications, communications and information necessary to the customer via email, the BrightPlan website and/or mobile app. The fees due to the advisor are defined in the agreement or in an appendix. As a general rule, fees are shown as a percentage of the account`s assets (for example. B 1% per year) and are due quarterly in advance or late. Although consultants have standard pricing plans, fees can be negotiated.

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