The above things are the most important things you need to respect when reviewing your investment advisory contract. However, your agreement may also include sections for: An investment advisory contract describes the conditions under which you subscribe to the services of a financial advisor. This agreement is supposed to be some kind of plan for you as a client because it clarifies both what the financial advisor will do for you, such as general advice or recommendation of specific investment movements for your portfolio, as well as your responsibility. Fiduciary financial advisors are legally required to work in the best interests of the client. A red flag that your advisor is not an agent when they work through the Commission. If they do, they can try to speed up the sale of products or investments that are not useful to you. For this reason, you should hire an advisor who is an agent, so that you don`t have to worry about alternative reasons. Whether they are in trust may also affect a discretionary or non-discretionary agreement. Using Subadvisor (s): In accordance with the client`s investment profile, BrightPlan may, at its own discretion and at its own expense, hire one or more sub-advisors (a ”subadvisor”) to manage all or part of the customer account.