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Financial Consultant Contract
"I need a Financial Consultant Contract for an independent wealth management advisor providing services to high-net-worth individuals, with specific provisions for FAIS Act compliance and protection of client confidentiality, to commence from January 2025."
1. Parties: Identification of the consulting firm/individual and the client, including registration numbers and FAIS license details
2. Background: Context of the agreement and brief overview of the consulting arrangement
3. Definitions: Key terms used throughout the agreement, including specific financial and regulatory terminology
4. Scope of Services: Detailed description of financial consulting services to be provided, including any limitations
5. Term and Termination: Duration of the agreement and conditions for termination by either party
6. Fees and Payment Terms: Compensation structure, payment schedule, and expenses policy
7. Duties and Responsibilities: Specific obligations of the consultant, including FAIS Act compliance requirements
8. Client Obligations: Responsibilities of the client, including provision of information and cooperation
9. Confidentiality: Protection of confidential information and trade secrets
10. Data Protection: POPIA compliance measures and data handling procedures
11. Professional Standards: Compliance with industry regulations and professional conduct requirements
12. Liability and Indemnification: Limitations of liability and indemnification provisions
13. Dispute Resolution: Procedures for handling disputes and jurisdiction details
14. General Provisions: Standard clauses including notices, amendments, and governing law
1. Non-Compete: Restrictions on competitive activities, used when the consultant will have access to sensitive business information
2. Insurance: Professional indemnity and other insurance requirements, particularly relevant for high-value consulting arrangements
3. Intellectual Property: IP rights and ownership of deliverables, needed when consultant creates specific materials or methodologies
4. Performance Metrics: Specific KPIs and performance evaluation criteria, useful for long-term or complex engagements
5. Succession Planning: Procedures for handover of responsibilities, relevant for long-term strategic consulting roles
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term contracts
7. Anti-Corruption: Specific anti-corruption and compliance provisions, especially important for international clients
1. Schedule A - Fee Schedule: Detailed breakdown of fees, rates, and payment terms
2. Schedule B - Scope of Services: Comprehensive description of specific services, deliverables, and timelines
3. Schedule C - Key Personnel: Details of key team members and their qualifications
4. Schedule D - Compliance Requirements: Specific regulatory and compliance obligations under FAIS and other relevant laws
5. Schedule E - Service Level Agreement: Detailed performance standards and response times
6. Appendix 1 - Required Documentation: List of required documentation for FICA compliance and client onboarding
7. Appendix 2 - Reporting Templates: Standard formats for regular reporting and documentation
Authors
Financial Services
Banking
Insurance
Investment Management
Wealth Management
Corporate Finance
Risk Management
Financial Technology
Professional Services
Management Consulting
Private Equity
Asset Management
Legal
Finance
Compliance
Risk Management
Corporate Development
Treasury
Investment
Business Development
Procurement
Human Resources
Financial Consultant
Financial Advisor
Investment Consultant
Wealth Manager
Financial Planner
Risk Management Consultant
Corporate Finance Advisor
Financial Strategy Consultant
Business Development Manager
Compliance Officer
Legal Counsel
Finance Director
Chief Financial Officer
Treasury Manager
Investment Analyst
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