Advisory agreement

The financial Advisory Agreement governs the obligations of the consultant under the Financial Services Act and the Financial Institutions Act. The contract contains different options depending on the type of advisor (e.g. individual advisor, advisor active in a financial group) and the type of advice (e.g. specific investment advice or general advice involving all client assets). The contract includes rules on adequacy or appropriateness testing (depending on the options chosen), client classification, various options for institutional and professional clients, risk disclosure and a liability rule.