This agreement will be concluded between the owner and the asset manager as of November 10, 2011. Asset management refers to the practice of managing investments on behalf of others. It is managed by an asset management company that is a financial services institution or may also be an individual. This company determines which financial products to invest in and which products should be avoided. The main idea is to take advantage of investments and reduce the risks associated with them. Investors are mostly wealthy individuals (HNWI), governments and corporations. They invest in different sectors such as real estate and finance. This has led to different asset management categories, such as asset management. B, real estate asset management agreement, IT asset management and asset management. In simple asset management agreements, the parties can decide each other`s scenario in the event of a breach of their terms. If a party is late in payment, the asset management contract is terminated. The defaulting party may be asked to compensate the other party by paying an amount corresponding to the damage suffered. Both parties should agree on a dispute resolution mechanism.
The preferred mode is arbitration. However, if the agreement does not specify a specific type of dispute resolution, the aggrieved party may sue the defaulting party in the district court for breach. It is a formal document that governs the agreement between a company that provides asset management services and the investor. It lists the conditions and the extent to which the asset management company can act on the specific assets covered in the agreement. It can be cut according to different investors. It must be consistent with relevant laws, regulations and guidelines. When developing the simple wealth management agreement, the following points must be taken into account: A major drawback of the wealth management contract is that the client gives some control to the asset manager. Although it can negotiate the terms of the agreement and decide what limits the manager operates to, the final action is taken by the asset manager. Asset management services are mainly used by businesses, governments and HNWIs, who have a lot of investment to manage. If you are one of them, it is advisable to appoint asset managers. They are involved in investments and get higher returns. Asset management companies have specialized knowledge and resources to conduct in-depth market research.
This helps to make a correct investment decision. If you use your services, you (as a client) should enter into a wealth management contract. It serves as formal proof of the relationship and sets obligations and commitments in writing, resulting in a risk of confusion. The model for asset management agreements can be downloaded from the base. ZERICH SECURITIES LIMITED (`Asset Manager`), a company created in accordance with the laws of the Republic of Cyprus, at the registered address: Grigori Afxentiou, 13-15 I.D.E. IOANNOU COURT, Flat/Office 202 Mesa Geitonia, P.C 4003, Limassol, Cyprus, registered No. 252803, concludes this asset management agreement (hereafter referred to as “agreement”) with the client who wishes to call on the company`s services (asset manager and client are also referred to as “party” and “parties” collectively). The client concludes this contract by signing the letter of application (Annex 1) and the asset manager registers the above application and, if the client meets the requirements of the current commitment and contract, he sends the notification to the customer (Annex 2). Компания ЦЕРИХ СЕКЬЮРИТИЗ ЛИМИТЕД (далее по тексту – “Дове . .
. . . Shelton Street, London, Greater London, WC2H 9JQ United Kingdom , Company number: 11319066 and Registered In England And Wales, duly authorised signatory Director Bichara Bechara with single signature.