Define the scope and nature of the financial services
3
Detail out the responsibilities and obligations of each party
4
Outline the terms and conditions
5
Draft the initial agreement
6
Review the initial draft internally
7
Approval: Initial Draft
8
Send the initial draft to the other party
9
Receive feedback from the other party
10
Incorporate the received feedback and revise the agreement
11
Approval: Revised Draft
12
Prepare the final draft of the agreement
13
Internal legal review of the final draft
14
Approval: Legal Review
15
Send the final draft to the other party for approval
16
Receive and document the approval from the other party
17
Finalize and enact the agreement
18
Distribute the enacted agreement to relevant stakeholders
19
Archive the agreement and record its details for future references
Identify necessary stakeholders for the agreement
In this task, identify all the stakeholders who are required to be involved in the financial advisory services agreement. Consider both internal and external stakeholders and their roles in the agreement. Determine who needs to review and approve the agreement before it can be finalized.
1
Review agreement
2
Approve agreement
3
Provide feedback
Define the scope and nature of the financial services
This task involves defining the scope and nature of the financial services to be provided in the agreement. Consider what specific services will be offered, the target audience, and any limitations or exclusions. Determine the objectives and outcomes that the financial services aim to achieve.
Detail out the responsibilities and obligations of each party
In this task, outline the responsibilities and obligations of each party involved in the financial advisory services agreement. Consider the roles and duties of the financial advisor and the client. Clearly define the expectations and deliverables for each party.
Outline the terms and conditions
This task involves outlining the terms and conditions of the financial advisory services agreement. Consider factors such as fees, payment terms, confidentiality, termination clauses, dispute resolution, and any other relevant contractual obligations. Clearly define the rights and obligations of each party.
Draft the initial agreement
In this task, create the initial draft of the financial advisory services agreement. Use the provided template or refer to similar agreements for guidance. Include all the necessary sections and language required for a comprehensive agreement. Ensure that the draft is clear, concise, and addresses all relevant aspects.
Review the initial draft internally
This task involves reviewing the initial draft of the financial advisory services agreement internally. Gather feedback from relevant stakeholders, such as legal and compliance teams, to ensure that the agreement meets all legal and regulatory requirements. Identify any areas that need clarification or improvement.
1
Add missing information
2
Clarify sections
3
Revise language
Approval: Initial Draft
Will be submitted for approval:
Draft the initial agreement
Will be submitted
Send the initial draft to the other party
Once the initial draft of the financial advisory services agreement has been reviewed internally, it needs to be sent to the other party for their review and input. Clearly communicate the purpose of the draft and request their feedback and suggestions. Provide a deadline for their response.
Receive feedback from the other party
In this task, receive feedback from the other party on the initial draft of the financial advisory services agreement. Review their comments, suggestions, and any requested changes. Consider their input and assess the feasibility and impact of incorporating their feedback.
Incorporate the received feedback and revise the agreement
Based on the feedback received from the other party, incorporate their suggested changes and revise the financial advisory services agreement accordingly. Consider the validity and relevance of each change and ensure that the agreement remains balanced and fair to both parties.
Approval: Revised Draft
Will be submitted for approval:
Incorporate the received feedback and revise the agreement
Will be submitted
Prepare the final draft of the agreement
This task involves preparing the final draft of the financial advisory services agreement. Incorporate all the revisions and changes discussed and agreed upon. Review the document for any inconsistencies, errors, or omissions. Ensure that the final draft is accurate, complete, and reflects the interests of both parties.
Internal legal review of the final draft
In this task, request an internal legal review of the final draft of the financial advisory services agreement. Share the document with the legal team and ask for their expertise and recommendations. Address any legal concerns or issues highlighted by the legal team.
Approval: Legal Review
Will be submitted for approval:
Prepare the final draft of the agreement
Will be submitted
Send the final draft to the other party for approval
Once the final draft of the financial advisory services agreement has been reviewed internally and by the legal team, it needs to be sent to the other party for their final approval. Clearly communicate the purpose and significance of the final draft as well as the deadline for their response.
Receive and document the approval from the other party
In this task, receive the final approval from the other party for the financial advisory services agreement. Document the date and time of the approval as well as any additional comments or conditions provided by the other party.
Finalize and enact the agreement
This task involves finalizing and enacting the financial advisory services agreement. Ensure that all revisions, changes, and other agreed-upon elements have been incorporated into the final version. Obtain the necessary signatures from both parties to make the agreement legally binding.
Distribute the enacted agreement to relevant stakeholders
Once the financial advisory services agreement has been finalized and enacted, distribute copies of the agreement to all relevant stakeholders. Ensure that each party receives a copy of the agreement for their records and reference.
1
Send to client
2
Provide to legal department
3
Keep in internal records
Archive the agreement and record its details for future references
In this task, archive the financial advisory services agreement and record its details for future reference. Store the agreement in a secure location and establish a systematic record-keeping process. Include relevant information such as the agreement title, date enacted, and any unique identifier.
