Sfc Client Agreement Faq
If you`re looking to hire a financial advisor or investment manager, you may have come across the term “SFC client agreement.” This agreement is an important document that outlines the terms and conditions of your relationship with your advisor or manager, and it`s important to understand what it entails before signing on the dotted line.
To help you better understand the SFC client agreement, we`ve put together a list of frequently asked questions:
What is the SFC client agreement?
The SFC client agreement is a legal document that sets out the terms and conditions of your relationship with your financial advisor or investment manager. It covers areas such as fees, payment schedules, investment strategies, and more.
Why do I need to sign an SFC client agreement?
The SFC client agreement is a legal requirement for all financial advisors and investment managers registered with the Securities and Futures Commission (SFC) in Hong Kong. By signing the agreement, you`re agreeing to the terms and conditions of the services being offered by your advisor or manager.
What should I look for in an SFC client agreement?
Before signing the agreement, make sure you understand the fees and charges involved, as well as the investment strategies and risk factors that will be involved in managing your portfolio. You should also look for any clauses related to termination of the agreement, and ensure that you`re comfortable with the level of disclosure and reporting that will be provided to you.
What happens if I don`t sign the SFC client agreement?
If you don`t sign the agreement, your financial advisor or investment manager will not be able to provide you with services. It`s important to read the agreement carefully and ask questions if you`re unsure about any of the terms and conditions.
Can I negotiate the terms of the SFC client agreement?
While some aspects of the agreement may be negotiable, others may be set by law or by the policies of the financial institution. You can discuss any concerns you have with your advisor or manager, but ultimately it`s up to you to decide if the terms and conditions are acceptable to you.
In conclusion, the SFC client agreement is an important document that outlines the terms and conditions of your relationship with your financial advisor or investment manager. Make sure you read it carefully and understand the implications before signing on the dotted line.
Posted: September 4th, 2022 under Uncategorized.