The services provided as part of this engagement are for the development of a Risk Based Retirement Plan (Plan). The purpose of the Plan is so Retirement Risk Advisors and their affiliates (Advisor) can present the Client alternative strategies to help reduce, or eliminate, the risks facing their retirement.
The Client acknowledges that the Advisor will be required to invest a considerable amount of time and incur general costs related to the development and ongoing implementation of the Plan. The Advisor agrees to make this investment based on the understanding that should the Client decide to purchase any of the financial products or services presented by the Advisor, the Client will do so through the Advisor. The Client understands that the Advisor may receive service or referral fees and/or commissions relating to the placement of the products or services recommended.
The Advisor agrees to provide the Client with the following assurances:
- The Advisor has the required professional licenses needed to sale the products and services offered to the Client by the Advisor.
- All recommendations presented to the Client including those involving the purchase of a financial product will be made with the Client’s best interests in mind.
- At no time will the Client be under any obligation to accept any advice provided or to act on any of the recommendations contained in the Plan.
The Client authorizes the Advisor to collect financial information and to retain that information in files maintained by the Advisor. All information will be kept strictly confidential. This information will not be disclosed to any non-affiliated third party except as required by legislation without the prior written consent of the Client.
To ensure the best possible results from this engagement the Client agrees to the following:
- To provide the Advisor with all requested financial information as accurately as possible.
- To make the Advisor aware of anything in the Plan, or the recommendations made, that is not fully understood.
- To notify the Advisor of any changes to the Client’s situation that may have an impact on the Plan or recommendations made.
The Client acknowledges that all recommendations will be made based on financial models involving numerous assumptions that are certain to change and are neither an estimate nor a guarantee of future performance. Actual results will vary with the inevitable changes to things such as future rate of inflation, tax rates and/or returns on investment. These can have a major impact on the forecasts contained within the Plan, hence the need to review the Plan periodically to consider this and\or changes in Client circumstances. It is suggested that the Advisor and Client meet at least annually to ensure the Plan continues to meet the Client’s needs. There will be a cost for reviewing and revising the Plan that will be agreed to in advance between the Client and the Advisor. It is anticipated this cost will be no less than $495.00.
The Client is also aware of the possibility for a conflict of interest to occur during this engagement. Should such a conflict arise it is incumbent upon the Client to bring this conflict of interest to light with the Advisor. Currently the Advisor is unaware of any conflicts of interest relating to this engagement and will advise the Client accordingly should any conflicts of interest arise in the future from the Advisor’s perspective.
Cancellation Terms – If after having been presented the Plan, the Client is not satisfied with the scope and detail of the work performed by the Advisor the Advisor will issue a full refund. The refund must be requested in writing to firstname.lastname@example.org within 60-days of the purchase date of the Plan. Should the Client wish to terminate the engagement for any reason after the initial 60-day period the Client must notify the Advisor in writing and will not receive a refund of any fees paid. If the Advisor finds it necessary to terminate this engagement the Advisor will provide the Client with a minimum of 30 days written notice.
The Client acknowledges receiving a copy of this engagement letter and fully understand and agrees to the terms of this engagement.
Dave Hall, Retirement Risk Advisors, LLC