Financial Planning Agreement

Transcription

1 Financial Planning Agreement This Financial Planning Agreement, the ( Agreement ), dated as f, 20, is by and between Vulcan Investments LLC, 2100 SuthBridge Pkwy, Suite 650 Birmingham, AL , an investment adviser licensed with the State f Alabama, and ( Client ), and relates t Adviser accunt number: A Services f Adviser Fr the purpses f this Agreement, there are three classes f services. Client shall select the class f service by initialing each service requested. The nature and scpe f each class are: Cmprehensive Financial Planning: After a thrugh review f all pertinent Client prvided data and bjectives and mutually agreed upn assumptins, the Adviser will analyze the Clients financial situatin including, but nt limited t: net wrth (assets and liabilities), crprate benefits, cash flw strategies (current and prjected_, retirement planning, risk management, investment prtfli, specific financial needs as determined by the client, and tax and estate planning cnsideratins. Upn cmpletin f the analysis, the Adviser will make recmmendatins including suggested strategies t achieve Client s stated bjectives. The Adviser will prvide Client with a written reprt f all analysis and recmmendatins. In the event Client wishes t engage the Adviser t prvide additinal services Client and Adviser will establish mutually agreed upn terms fr the cntinuatin f services. The Client will be required t sign a new Client agreement and additinal fees may apply fr additinal reviews. Specific Financial Planning: The Adviser will review all pertinent data prvided by the Client, bjectives, and mutually agreed upn assumptins and will prepare analysis limited t the tpics selected by the Client. The Adviser will prvide Client with the written reprt(s) f all the relevant analysis and recmmendatins t assist Client specific financial planning needs. Hurly Financial Cnsultatin: Adviser will prvide financial cnsulting services n an hurly basis. The Adviser Fee is $75.00 per hur fr Financial Planning. Under n circumstances will the Adviser require prepayment f a fee mre than six mnths in advance and in excess f $ B. Fees: Financial planning services are ffered n an hurly fee basis, which is $75.00 per hur. The final fee shall be directly dependent upn the facts and circumstances f the client s financial situatin and the cmplexity f the financial plan r service requested. An estimate f ttal cst will be determined at the start f the advisry relatinship. If the client chses t prceed, 50% f the estimated fee is due upn signing f this Agreement and 50% upn cmpletin. Adviser s financial planning fees are ntable and arrangements with any client may differ frm thse described abve. In cnsideratin f the services rendered by Adviser, Client shall pay t Adviser the fllwing fees:

2 a) Cmprehensive Financial Planning: The fee fr prviding cmprehensive financial planning is based n the time required t prepare the financial plan. The fee fr this service is based n an hurly basis. b) Specific Financial Planning: The fee fr prviding specific financial planning is based n the time required t prepare the analysis/mdular plan. The fee fr this service is based n an hurly basis. c) Hurly Financial Cnsultatin: The fee fr an hurly cnsultatin is based n the time required t review the Client s situatin. The Advisr s rate is $75.00 per hur. The fees charged by Adviser are slely fr the preparatin f the cmprehensive financial plan, specific financial plan, r financial cnsultatin, and d nt include any cmmissins that might be generated upn implementatin f any securities r insurance recmmendatins. The Investment Advisr shall nt be cmpensated n the basis f a share f capital gains upn r capital appreciatin f the funds r any prtin f the funds f the client. 2. Respnsibilities f the Client Client agrees t prvide, n a timely basis, infrmatin regarding incme and expenses, investments, incme tax situatins, estate plans, and ther pertinent matters as requested by Adviser frm time t time, Client als agrees t discuss needs and gals and prjected future needs candidly with Adviser and t keep Adviser infrmed, in writing, f changes in Client s situatin, needs, and gals. Client acknwledges that Adviser cannt adequately perfrm its services n the Client s behalf unless Client perfrms such respnsibilities n his/her part and that Adviser s analysis and recmmendatins are based n the infrmatin prvided by Client. Client agrees t permit Adviser t cnsult with and btain infrmatin abut Client frm Client s accuntant, attrney, and ther advisers. Adviser shall nt be required t verify any infrmatin btained frm Client, Client s attrney, accuntant r ther advisers and is expressly authrized t rely n the infrmatin received. Client is free at all times t accept r reject any recmmendatin frm Adviser and Client acknwledges the (s) he has the sle authrity with regard t the implementatin, acceptance, r refectin f any cunseling r advice frm Adviser. 3. Cnfidentiality All infrmatin and advice furnished by either party t the ther, including their respective agents and emplyees, shall be treated as cnfidential and shall nt be disclsed t third parties, except as required by law r necessary t carry ut designated pwers r as granted by the Client. 4. Basis f Advice Client acknwledges that Adviser btains infrmatin frm a wide variety f publicly available surces and that Adviser has n surces, and des nt claim t have surces, f inside r private infrmatin. The recmmendatins develped by Adviser are based upn the prfessinal judgment f Adviser and its individual prfessinal cunselrs and neither Adviser nr its individual cunselrs can guarantee the results f any f their recmmendatins. Client at all times may elect unilaterally t fllw r ignre cmpletely r in part any infrmatin, recmmendatin r cunsel given by Adviser under this Agreement.

3 5. Implementatin The Client is free t btain legal, accunting, and brkerage services frm any prfessinal surce t implement the recmmendatins f Adviser. Client will retain abslute discretin ver all investment and implementatin f any recmmendatins. 6. Legal and Accunting Services It is understd and agreed that Adviser and its emplyees are nt qualified t and will nt render any legal r accunting advice nr prepare any legal r accunting dcuments fr the implementatin f Client s financial and investment plan. Client agrees that his/her persnal attrney and/r accuntant slely shall be respnsible fr the rendering and/r preparatin f the fllwing: (i) all legal and accunting advice; (ii) all legal and accunting pinins and determinatins; (iii) all legal and accunting dcuments. 7. Terms f this Agreement The terms f this agreement shall be as fllws: 7. A. In cnsideratin f the services prvided by the Adviser, Client shall pay t the amunt set frth n the fllwing Schedule. 7. B. Terminatin This Agreement may nt be mdified r amended except in writing and signed by bth Adviser and Client. Client may terminate the Agreement within five days f the date f acceptance withut penalty t the Client. Thereafter Client will incur a pr rata charge fr bna fide advisry services actually rendered prir t such terminatin. After the five-day perid, either party may terminate the Agreement by prviding 30 days advance written ntice t the ther party. Upn terminatin, any prepaid fees will be pr-rated t the date f terminatin and any unearned prtin theref will be refunded t Client. 8. Acknwledgment f Disclsure Statement Client acknwledges receipt f Part 2 f Frm ADV; a disclsure statement cntaining the equivalent infrmatin; r a disclsure statement cntaining at least the infrmatin required by Schedule H f Frm ADV. If the apprpriate disclsure statement was nt delivered t the client at least 48 hurs prir t the client entering int any written r ral advisry cntract with this investment adviser, then the client has the right t terminate the cntract withut penalty within five business days after entering int the cntract. Fr the purpses f this prvisin, a cntract is cnsidered entered int when all parties t the cntract have signed the cntract, r, in the case f an ral cntract, therwise signified their acceptance, any ther prvisins f this cntract ntwithstanding. Client hereby acknwledges having received a cpy f Adviser s Privacy Plicies as required under the Graham-Leach-Bliley Act, Regulatin S-P

4 9. Assignment f Agreement N assignment, as that term is defined in the Investment Advisers Act, f this Agreement shall be made by Adviser withut the written cnsent f Client. 10. Ntices Ntices t Adviser must be in writing, and shall be sent t Adviser Address: Vulcan Investments LLC 2100 SuthBridge Pkwy, Suite 650 Birmingham, AL All ntices r cmmunicatins t the Client will be sent t: (Client Address) r such ther name r address as may be given in writing t the ther party. All ntices hereunder shall be sufficient if delivered by facsimile, electrnic mail, vernight mail r by hand. Any ntice shall be deemed delivered nly upn actual receipt. 11. Gverning Law The internal law f State f Alabama will gvern this Agreement. Hwever, nthing in this Agreement will be cnstrued cntrary t the Investment Advisers Act r any rule r rder f the Securities and Exchange Cmmissin under the Investment Advisers Act. Based n the Fees, Make all Checks payable t: Vulcan Investments LLC Cmprehensive Financial Planning: $ Specific Financial Planning: $ Hurly Financial Cnsultatin: $ Based n estimated hurs fr cmpletin, final amunt may vary. 50% f which t be paid as f (Date) / / With the remaining 50% t be paid upn cmpletin date (estimated) / /

5 Accepted: Date: By: Client Name By: Client Name By: Adviser Name Client Signature Client Signature Adviser Signature