Asset Manager Agreement An Asset Manager Agreement outlines the terms for managing investment portfolios or assets, specifying fees, performance expectations, and the scope of asset management services.
The Client hereby engages the Asset Manager to manage and supervise the Client's investment portfolio (hereinafter referred to as the "Portfolio"), and the Asset Manager hereby accepts this engagement, subject to the terms and conditions of this Agreement.
1.2. Scope of Services
The Asset Manager shall provide investment management and advisory services to the Client, including, but not limited to, monitoring the Portfolio, managing and reallocating assets, and executing transactions on behalf of the Client. The Asset Manager shall further provide the Client with regular reporting and analysis on the performance and management of the Portfolio.
2.1. Investment Objectives
The Client's investment objectives are a balanced approach to wealth preservation and growth, with a focus on generating income and capital appreciation, while managing risk in accordance with the investment strategy outlined in this Agreement.
2.2. Investment Strategy
The Asset Manager shall develop and implement an investment strategy for the Portfolio, which shall be in line with the Client's investment objectives, risk tolerance, and liquidity requirements. The investment strategy shall include a diverse range of financial assets, including, but not limited to, equities, fixed-income securities, mutual funds, and alternative investments. The total value of the Portfolio is approximately $2,500,000.
3.1. Fee Schedule
The Asset Manager shall be entitled to receive an annual management fee, calculated as a percentage of the average daily net asset value of the Portfolio during the billing period. The management fee shall be payable quarterly in arrears and shall be based on the following schedule:
The Asset Manager may change the fee schedule upon 60 days written notice to the Client.
3.2. Limited Power of Attorney
The Client hereby grants to the Asset Manager a limited power of attorney, solely for the purpose of debiting the Client's account for the payment of asset management fees and any other expenses authorized under this Agreement.
4.1. Periodic Reporting
The Asset Manager shall provide the Client with written reports concerning the performance and management of the Portfolio on a periodic basis, no less frequently than quarterly.
4.2. Ad Hoc Reporting
The Asset Manager shall be available to the Client to provide reports and address any questions or concerns related to the Portfolio on an as-needed basis.
Both Parties represent and warrant that they have the authority to enter into this Agreement and perform their respective obligations hereunder. The Asset Manager represents and warrants that its services shall be conducted in a professional manner and in compliance with applicable laws and regulations, including those of the United States of America.
Both Parties agree to maintain the confidentiality of any non-public information obtained pursuant to this Agreement, and to use such information only in connection with the performance of their respective obligations under this Agreement.
This Agreement shall be effective as of the Effective Date and shall continue until terminated by either Party in accordance with the provisions of this Section 7.
7.2. Termination without Cause
Either Party may terminate this Agreement without cause upon 30 days written notice to the other Party.
7.3. Termination for Cause
Either Party may terminate this Agreement for cause upon written notice to the other Party, if the other Party materially breaches this Agreement and fails to cure such breach within 30 days of receiving written notice thereof.
Each Party agrees to indemnify and hold harmless the other Party, its affiliates, and their respective officers, directors, employees, and agents from and against any and all losses, claims, damages, liabilities, and expenses (including reasonable attorney fees), arising out of or resulting from any breach of this Agreement by the indemnifying Party, except to the extent such losses, claims, damages, liabilities, and expenses are attributable to the gross negligence, willful misconduct, or breach of this Agreement by the indemnified Party.
This Agreement shall be governed by and construed in accordance with the laws of the United States of America. Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by arbitration in accordance with the commercial arbitration rules of the [INSERT ARBITRATION BODY], and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The place of arbitration shall be [INSERT JURISDICTION].
10.1. Entire Agreement
This Agreement constitutes the entire agreement and understanding of the Parties with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, proposals, negotiations, understandings, and representations, whether oral or written, relating thereto.
No modification, amendment, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.
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In this Asset Manager Agreement, you will see the following sections:
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