Client Portfolio Transfer Agreement for Financial Planners and Life Advisers

A customisable template for buying or selling a financial planning or life advice portfolio, including:

GENERAL PROVISIONS.

• Portfolio transfer
• Purchase price payment and adjustments
• Entitlement to non-recurring revenue
• Liability to clients
• Completion tasks
• Seller’s obligations
• Seller and Buyer warranties
• Indemnities and insurance
• Protective covenants (restraints)
• GST treatment
• Protection of confidential information
• Dispute resolution

OPTIONAL CLAUSES.

• Conditions precedent
• Rescission events
• Securing subsequent instalment payment(s)
• Additional warranties
• Limitations of liability
• Professional Indemnity insurance

Benefits:

• Effectively assigns client data and service rights
• Reflects current industry standard arrangements (i.e. excluding grandfathered commissions)
• Protects confidential information
• Prevents seller competition (optional)
• Detailed guidance on purchase price calculation
• Plain English
• Focus on commercial balance
• Modern style and format
• Easy to use and customise
• Includes comprehensive user guide

Use:

• Customise to transfer ownership of a client portfolio
• 
  For use by both Sellers and Buyers (with optional text to improve your position/provide greater protection, depending on whether you are the buyer or seller in the transaction)