Investment Advisory Services Agreement

Your agreement may also include a section that specifies which of your accounts or assets are to be managed by the advisor. To complete this section, you must provide the account name, account type, and account number. Keep in mind that any asset not specified in the agreement may go beyond the scope of what your advisor will manage. At the end of this document, you will also see a place where you can sign and date the agreement. Your advisor will also sign and date it. By signing the Agreement, you acknowledge that you receive, accept and accept the terms described in the document. If the financial advisor has potential conflicts of interest, these may be disclosed in a separate section of your advisory contract. You can also search for potential conflicts of interest by reviewing the advisor`s ADV form on the SEC`s Disclosure of Investment Advisors website. You (“Client”) and BrightPlan, LLC (“BrightPlan”), a Delaware limited liability company and an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors Act of 1940, agree to enter into a financial advisory relationship, subject to the terms of this Investment Advisory Agreement (“Agreement”), that enables BrightPlan to provide the services described herein. This Agreement is effective immediately upon acceptance by BrightPlan.

In light of the mutual agreements contained herein, Client and BrightPlan agree that if your advisor is a trustee, your agreement may include another section that includes a fiduciary oath. This section emphasizes that you work with a trustee and that the advisor is required to act in your best interest at all times when providing financial advice or managing your accounts. As a client, your financial advisor can hold you accountable as part of your employment agreement. For example, you may be responsible for providing your advisor with timely information about your financial accounts. An investment advisory contract describes the conditions under which you use the services of a financial advisor. This agreement is intended to be a kind of blueprint for you as a client, as it sets out both what the financial advisor will do for you. B for example general advice or recommendations of specific investment steps for your portfolio, as well as your responsibilities. It is important to read this section carefully in order to understand exactly what you are paying so that there are no misunderstandings. For example, you can expect your advisor to provide investment advice on investments you hold that they do not manage.

But if your agreement explicitly states that they don`t, then that`s something you want to know in advance. Custody and brokerage contracts: As mentioned above, the customer must create the account with the custodian bank. The custodian bank, not BrightPlan, retains custody of the Customer`s assets. BrightPlan negotiated with the custodian bank to have the custodian bank charge the customer a simple, flat-rate annual fee based on the asset, which is debited directly from the account on a quarterly basis and covers all custody and brokerage fees. The customer should review its separate agreement with the custodian bank for additional information on the fees charged by the custodian bank on behalf and the other terms of the customer`s agreement with the custodian bank. This section may also be referred to as “Consulting Services” or “Scope of Services”. But in general, the consultant here will explain to you exactly what services he offers you. The consultant can also mention the services he does not offer.

The above points are the most important things to keep in mind when reviewing your investment advisory contract. However, your contract may also include sections for: After describing the advisory services, compensation and fees may be the second most important part of your investment advisory contract. Here you can see how your advisor will be paid and how much you will pay for their services. In this section of your investment advisory agreement, you may also be asked to recognize that past performance is not an indicator of future results and that you do not hold the advisor accountable for any losses you incur in your portfolio. BrightPlan`s obligation to provide the services listed above is subject to Customer providing the information requested by Customer by BrightPlan. BrightPlan only manages securities and cash held on customer`s account. Communications with Customer: Customer acknowledges that the value and usefulness of the services provided by BrightPlan depends on the information provided by Customer through BrightPlan`s website and/or mobile application, as well as on Customer`s active participation in formulating the profile and investment plan. .

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