Portfolio Management Agreement
Learn about the importance of the PMA
What is the Portfolio Management Agreement
This is an agreement between Optimize Inc., an Ontario corporation with the Trade Name, Optimize Wealth Management, (“Optimize”, “we” or “us”), and the individual(s) or legal entity listed below next to the Client Name (“Client” or “you”). By this agreement (the “Agreement”), the Client retains Optimize as of the date written below (“Effective Date”) to provide discretionary portfolio management services to the Client.
Key Components of the Portfolio Management Agreement
- Parties Involved
- Scope of Services
- Investment Objectives & Guidelines
- Authority & Discretion
- Fees and Expenses
- Performance Reporting
- Custody of Assets
- Termination
- Confidentiality & Privacy
- Regulatory Compliance
Purpose of the Portfolio Management Agreement
Set clear expectations between the client and the portfolio manager, ensuring both parties understand their roles, responsibilities, and the limitations of their relationship.
It also serves as a protective measure, outlining legal rights and obligations, helping to prevent disputes or misunderstandings.