Advisory Agreement Template for Australia

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Key Requirements PROMPT example:

Advisory Agreement

"I need an Advisory Agreement for my Melbourne-based financial planning firm to provide wealth management services to high-net-worth individuals, including investment advice and portfolio management, starting from March 2025."

Document background
The Advisory Agreement is a crucial legal document used in the Australian business context to formalize the relationship between professional advisors and their clients. This agreement is essential when providing strategic, financial, or business advisory services, whether by individual consultants or advisory firms. It must comply with Australian regulatory requirements, including the Corporations Act 2001, ASIC regulations, and relevant professional standards. The document typically includes detailed service descriptions, fee structures, confidentiality provisions, and risk allocation mechanisms. It's particularly important for protecting both parties' interests and ensuring clear communication of expectations, responsibilities, and deliverables while maintaining compliance with Australian legal and regulatory frameworks.
Suggested Sections

1. Parties: Identification of the advisor and client, including ABN/ACN and registered addresses

2. Background: Context of the agreement, advisor's qualifications and licenses, and general purpose of the arrangement

3. Definitions: Key terms used throughout the agreement, including specific financial and technical terms

4. Scope of Services: Detailed description of advisory services to be provided, including any limitations

5. Advisor's Obligations: Key responsibilities, duties, and standard of care required from the advisor

6. Client's Obligations: Client's responsibilities, including providing accurate information and necessary documentation

7. Fees and Payment: Fee structure, payment terms, expenses, and invoicing arrangements

8. Term and Termination: Duration of agreement, renewal terms, and termination provisions

9. Confidentiality: Protection of confidential information and trade secrets

10. Intellectual Property: Ownership and usage rights of materials and advice provided

11. Liability and Indemnification: Limitation of liability, professional indemnity, and risk allocation

12. Compliance with Laws: Regulatory compliance obligations and professional standards

13. General Provisions: Standard boilerplate clauses including notices, governing law, and dispute resolution

Optional Sections

1. Personnel: Include when specific individuals are key to service delivery or when team requirements need specification

2. Non-Competition: Add when protecting against competitive activities is relevant

3. Insurance: Include when specific insurance requirements need to be detailed beyond professional indemnity

4. Data Protection: Add when handling significant personal or sensitive data

5. Service Levels: Include when specific performance metrics or response times are required

6. Third Party Rights: Add when services might affect or involve third parties

7. Force Majeure: Include when continuity of service is critical and force majeure events need specific handling

Suggested Schedules

1. Schedule 1 - Service Description: Detailed breakdown of services, methodologies, and deliverables

2. Schedule 2 - Fee Schedule: Detailed fee structure, rates, and payment terms

3. Schedule 3 - Key Personnel: List of key team members and their roles/qualifications

4. Appendix A - Compliance Disclosures: Required regulatory disclosures and compliance statements

5. Appendix B - Service Level Agreement: Specific performance metrics and service standards

6. Appendix C - Privacy Policy: Detailed privacy and data handling procedures

7. Appendix D - Terms of Engagement: Standard terms of business and engagement conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Financial Services

Professional Services

Management Consulting

Business Advisory

Corporate Strategy

Investment Banking

Wealth Management

Technology Consulting

Risk Management

Business Development

Corporate Finance

Relevant Teams

Legal

Compliance

Finance

Business Development

Operations

Risk Management

Corporate Strategy

Professional Services

Contract Administration

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Business Advisor

Management Consultant

Financial Advisor

Strategy Consultant

Risk Manager

Compliance Officer

Business Development Manager

Corporate Lawyer

Operations Director

Partnership Manager

Contract Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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