Document background
The Financial Advisor Engagement Letter is a crucial document used in Pakistan's financial services sector to formalize the relationship between financial advisors and their clients. It is essential when providing professional financial advisory services, whether for corporate transactions, investment management, or personal financial planning. The document must comply with Pakistani regulations, particularly those set by the Securities and Exchange Commission of Pakistan (SECP), and includes detailed terms regarding service scope, fees, confidentiality, and regulatory compliance. This engagement letter is particularly important in protecting both parties' interests and establishing clear expectations for the advisory relationship, while ensuring compliance with local securities laws and professional standards. It serves as the foundation for the advisory relationship and is often required for regulatory documentation and professional liability purposes.
