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How do I execute an investment advisory agreement with an individual account?

The objective of the investment advisory agreement is to establish the roles and level of investment authority between the advisor and the client.

There are two levels of fiduciary investment authority to evaluate with a client:

  1. Discretionary investment management, where the investment advisor has authority to make investment decisions in the account;
  2. Non-discretionary fiduciary advice, where the investment advisor provides advice, but the client makes the investment decisions.

Samples of a Discretionary Investment Agreement and a Non-Discretionary Investment Agreement for ERISA and non-ERISA accounts are available below.

Download Discretionary Investment Agreement - ERISA >

Download Discretionary Investment Agreement - Non-ERISA >

Download Non-Discretionary Investment Agreement - ERISA >

Download Non-Discretionary Investment Agreement - Non-ERISA >

 

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