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)
