 Naturally, a prudent investment advisory contract would include more than mere boilerplate and should describe the services to be provided, responsibilities assumed, fees to be paid, risks of investing, limitations of liability, authorizations granted, and an acknowledgement of receipt of applicable disclosure documents (like the ADV, e.g.). And don’t forget about Section 205 - or for state registered advisors - your particular state’s specific regulations."Chris Stanley General Counsel, Chief Compliance Officer, Loring Ward Group Inc. |
