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Account Management Agreement
"I need an Account Management Agreement for a Philippine wealth management firm providing services to high-net-worth individual clients, with specific provisions for foreign currency transactions and online portfolio access."
1. Parties: Identifies and provides full details of the account manager and the client
2. Background: Explains the context of the agreement and the parties' intention to enter into an account management relationship
3. Definitions: Defines key terms used throughout the agreement for clarity and precise interpretation
4. Appointment and Scope of Services: Details the client's appointment of the account manager and outlines the core services to be provided
5. Authority and Instructions: Specifies the extent of the account manager's authority and procedures for receiving/acting on client instructions
6. Duties and Responsibilities: Outlines the obligations of the account manager in managing the client's account
7. Client's Obligations: Sets out the client's responsibilities, including providing accurate information and maintaining minimum balances
8. Fees and Charges: Details all fees, charges, and payment terms for the services provided
9. Representations and Warranties: Contains statements of fact and promises made by both parties
10. Risk Disclosures: Outlines potential risks associated with account management services
11. Confidentiality and Data Privacy: Addresses handling of confidential information and compliance with data privacy laws
12. Anti-Money Laundering Compliance: Details compliance requirements with AML regulations
13. Term and Termination: Specifies the duration of the agreement and conditions for termination
14. Liability and Indemnification: Sets out limitations of liability and indemnification obligations
15. Force Majeure: Addresses circumstances beyond parties' control affecting agreement performance
16. Notices: Specifies how formal communications between parties should be made
17. Governing Law and Jurisdiction: Establishes Philippine law as governing law and specifies jurisdiction for disputes
18. General Provisions: Contains standard boilerplate clauses including severability, entire agreement, and amendments
1. Investment Management: Include when the agreement covers investment management services, detailing investment objectives and strategies
2. Online Access and Electronic Services: Include when providing digital account access and electronic service delivery
3. Foreign Currency Transactions: Include when the account involves multiple currencies or foreign exchange services
4. Sub-Delegation: Include when the account manager may need to delegate certain functions to third parties
5. Joint Accounts: Include when the agreement covers joint account holders
6. Corporate Actions: Include when managing accounts holding securities with voting rights or corporate actions
7. Tax Reporting: Include when providing tax reporting services or handling international tax matters
1. Schedule of Fees: Detailed breakdown of all fees, charges, and commission structures
2. Authorized Persons: List of individuals authorized to give instructions on behalf of the client
3. Service Level Agreement: Detailed service standards and performance metrics
4. Account Opening Forms: Standard forms required for account opening and KYC documentation
5. Risk Disclosure Statement: Detailed disclosure of risks associated with different types of transactions and services
6. Data Processing Terms: Detailed terms for personal data processing in compliance with privacy laws
7. Investment Guidelines: Specific investment parameters and restrictions if applicable
8. Operating Procedures: Detailed procedures for account operations, transactions, and communications
Authors
Account Manager
Account Management Services
Affiliate
Applicable Law
Authorized Person
Business Day
Client
Confidential Information
Custody
Data Protection Laws
Electronic Instructions
Fees
Force Majeure Event
Investment Guidelines
Investment Objectives
Loss
Market Rules
Personal Data
Portfolio
Regulatory Authority
Representatives
Securities
Services
Service Level Requirements
Settlement Date
Sub-Delegate
Transaction
Termination Date
Valuation Date
Working Hours
Written Notice
BSP
SEC
AMLC
Material Adverse Effect
Philippine Peso
Power of Attorney
Risk Disclosure Statement
Trading Day
Scope of Services
Authority
Client Instructions
Account Operation
Investment Management
Fees and Charges
Payment Terms
Client Obligations
Service Provider Obligations
Representations and Warranties
Risk Disclosure
Confidentiality
Data Protection
Anti-Money Laundering
Regulatory Compliance
Record Keeping
Reporting
Electronic Services
Sub-Delegation
Liability
Indemnification
Force Majeure
Term
Termination
Assignment
Notices
Amendment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Power of Attorney
Account Access
Security Measures
Client Authentication
Service Levels
Business Continuity
Foreign Exchange
Tax Matters
Banking
Financial Services
Wealth Management
Investment Management
Corporate Services
Trust Services
Private Banking
Asset Management
Professional Services
Corporate Banking
Retail Banking
Legal
Compliance
Account Management
Client Services
Operations
Risk Management
Finance
Treasury
Investment Management
Wealth Management
Corporate Services
Administrative Services
Account Manager
Relationship Manager
Compliance Officer
Legal Counsel
Financial Advisor
Investment Manager
Trust Officer
Operations Manager
Risk Manager
Client Service Manager
Portfolio Manager
Managing Director
Chief Financial Officer
Treasury Manager
Corporate Secretary
Director of Operations
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