Agreement Mr. Amit Guruh Sachdeva (Proprietor STOCK BENEFITS FINANCIAL SERVICES) SEBI Registered Research Analyst No. INH100005190 & Investment Advisors Registration No. INA100007745 Advisory Services Agreement
THIS INVESTMENT ADVISORY SERVICES AGREEMENT (the “Agreement”) BETWEEN Client (Proprietor STOCK BENEFITS FINANCIAL SERVICES), a registered investment advisor with SEBI Registration No. INH100005190 & INA100007745 having an office on the 1502, Kamdhenu Building, Sector 14, Kharghar Navi Mumbai, Maharashtra - 410210 (hereinafter referred to as the “INVESTMENT ADVISOR” which expression shall unless excluded by or repugnant to the context, be deemed to include its administrators and permitted assigns) of the FIRST PART And Client (hereinafter referred to as the “CLIENT ” which expression shall unless it be repugnant to the context or be deemed to mean and include, its administrators & permitted assigns) of the SECOND PART;
Both INVESTMENT ADVISOR and the CLIENT shall also hereinafter individually referred to as Party & collectively as Parties. Whereas the CLIENT is desirous of availing the advisory services in respect of the analysis of the investment portfolio from the Investment Advisor on the terms & conditions as described hereinafter.
Investment Advisor shall not, in the course of performing its services to the client, hold out any investment advice implying any assured returns or minimum returns or target return or percentage accuracy or service provision till achievement of target returns or any other nomenclature that gives the impression to the client that the investment advice is risk-free and/or not susceptible to market risks and or that it can generate returns with any level of assurance.
However, the fees shall not be in cash. Investment Advisor & Research Analyst shall receive all considerations by way of remuneration or compensation or in any other form from the client only and not from any person other than the client being advised, in respect of the underlying securities or investment products for which the advice is or to be provided.
SCOPE OF SERVICE
Assist in articulating the family goals & objectives. Assist in assessing the risk profile. Develop an Investment Policy Statement based on your goals and risk profile. Develop investment recommendations based on goals & risk profile and assist in implementing these recommendations. Provide advice with respect to the investment in equity, mutual funds, insurance, commodities and other financial assets, as needed, and assist in implementing recommendations. Provide advice and recommendations in any other areas of financial planning in which Advisor or Client identifies a need.
DUTIES & FUNCTIONS OF THE INVESTMENT ADVISOR & RESEARCH ANALYST
Investment Advisor & Research Analyst shall provide Investment Advisory Services to the Client during the term of this Agreement on investment in all financial/investment products under all regulated authorities as is permitted under applicable laws and regulations governing Investment Advisor & the financial industry. The services rendered by the Investment Advisor are non-binding non-recourse advisory in nature and the final decision on the type of instruments; the proportion of exposure and tenure of the investments shall be taken by the Client at its discretion. The investment Advisor shall act in a fiduciary capacity as one of the advisors to the Client with respect to managing its investment-related portfolio holistically & will be providing all back-end support services. The investment Advisor shall act in a bonafide manner for the benefit and the interest of the Client. The investment Advisor shall be in compliance with the SEBI (Investment Advisors) Regulations, 2013 and its amendments, rules, circulars, and notifications. The investment Advisor shall be in compliance with the eligibility criteria as specified under the IA Regulations at all times. Pursuant to the SEBI (INVESTMENT ADVISORS) REGULATIONS, 2013 guidelines with respect to Risk Profiling and Suitability Assessment, Investment Advisor shall conduct proper risk profiling and risk assessment for each of the clients. As per risk analysis, risk capacity, risk aversion & client requirement, the Investment Advisor needs to ensure that correct product/service as per client risk tolerance capacity is being offered, which is suitable for client. Investment Advisor shall provide reports to clients on potential and current investments if requested. Investment Advisor shall maintain client-wise KYC, advice, risk assessment, analysis reports of investment advice and suitability, terms and conditions document, rationale of advice, related books of accounts and a register containing list of clients along with dated investment advice in compliance with the SEBI (Investment Advisors) Regulations, 2013. Investment Advisor shall get annual compliance audit conducted as per the SEBI (Investment Advisors) Regulations, 2013. Investment Advisor undertakes to abide by the Code of Conduct as specified in the Third Schedule of the SEBI (Investment Advisors) Regulations, 2013. Investment Advisor shall not receive any consideration in any form, if the client desires to avail the services of intermediary recommended by Investment Advisor.
INVESTMENT OBJECTIVE AND GUIDELINES Investment Advisor & Research Analyst (RA) would provide investment advice with respect to investment in equity & Derivatives. Investment Advisor undertakes to recommend direct implementation of advice i.e. Demat Accounts or as the case may be. Investment Advisor shall provide investment advice based on the risk profiling conducted for the client, total budgeted investment amount of the client and time period for deployment as informed by the client. Investment Advisor shall communicate the tax related aspects pertaining to investment advice and as applicable on the investment advisor’s fee, if any.
RISK FACTORS Investments in securities are subject to market risks and there is no assurance or guarantee that the objective of the investments will be achieved; Past performance of the investment advisor does not indicate its future performance. The performance of the investments/products may be affected by changes in Government policies, general levels of interest rates and risks associated with trading volumes, liquidity and settlement systems in equity and debt markets. Investments in the products which the Clients have opted are subject to wide range of risks which inter alia also include but not limited to economic slowdown, volatility & illiquidity of the stocks, poor corporate performance, economic policies, changes of Government and its policies, acts of God, acts of war, civil disturbance, sovereign action and /or such other acts/ circumstance beyond the control of Investment Advisor or any of its Associates. The names of the products/nature of investments do not in any manner indicate their prospects or returns. The performance in the equity may be adversely affected by the performance of individual companies, changes in the market place and industry specific and macro-economic factors. Investments in debt instruments and other fixed income securities are subject to default risk, liquidity risk and interest rate risk. Interest rate risk results from changes in demand and supply for money and other macroeconomic factors and creates price changes in the value of the debt instruments. Under NO Conditions the Investment Advisor OR Research Analyst OR any member associated with the Firm can be held personally or cumulatively responsible for any financial loss directly or Indirectly incurred in the stock market. The Advisor has the responsibility to give the best research and advise with the intention to generate returns to the client subject to inherent risk of the stock market. There is no assurance or guarantee of returns or capital safety of the client due to unavoidable market volatility or unpredictable high irrational moves. The client accepts the nature of business risk and capital risk involved in the stock market & cannot held responsible to IA OR RA OR Employees of the firm for any unprecedent loss of returns or capital involved in trading & Investment Activites.
VALIDITY OF ADVISORY SERVICES The validity of this agreement starts from the date of signing and will continue to be in force till any of the parties terminate it by giving 1 months’ notice period or as per tenure mentioned & agreed upon.
TERMINATION This Agreement may be terminated under the following circumstances, namely- (a) Voluntary / mandatory termination by the Investment Advisor. (b) Voluntary / mandatory termination by the client. (c) Suspension/Cancellation of registration of Investment Advisor by SEBI. (d) Any other action taken by other regulatory body/ Government authority. In case of a voluntary termination of the agreement, the client would be required to give a 30 days prior written notice while the Investment Advisor would be required to give a 30 days prior written notice. In case of suspension of the certificate of registration of the IA, the client may terminate the agreement.
IMPLICATIONS OF AMENDMENTS AND TERMINATION Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to the termination of this relationship shall continue to subsist and vest in/be binding on the respective parties or his/its respective heirs, executors, administrators, legal representatives or successors, as the case may be; In case the clients are not satisfied with the services being provided by the investment advisor and want to terminate/ stop Investment Advisory services or the investment advisor is unable to provide Investment Advisory services, either party shall have a right to terminate Investment Advisory relationship at any time subject to refund of advisory fee after deducting one quarters fee & taxes in case termination is initiated by the clients and refund of the proportionate post Gst of advisory fee in case termination is initiated by Investment Advisor. The Investment Advisor would provide transition support, if requested, to the client in the event of termination.
RELATIONSHIP WITH RELATED PARTIES: Investment Advisor is carrying on its activities independently, at an arms-length basis from all other activities Investment Advisor does not have any conflict of interest of the investment advisory activities with its relationship with related parties, such conflict of interest shall be disclosed to the client as and when they arise.
INVESTMENT ADVISOR ENGAGED IN OTHER ACTIVITIES Investment Advisor maintains an arms-length relationship between its activities as an investment advisor and other activities and shall ensure that this arm’s length relationship would be maintained throughout the tenure of advisory service Investment Advisor shall not provide any distribution services. Family of an individual Investment Advisor shall not provide distribution services to the client advised by the individual Investment Advisor, for securities and investment products. Investment advisor shall not provide investment advisory services, for securities and investment products, to a client who is receiving distribution services from other family members; REPRESENTATION TO CLIENT Investment Advisor shall ensure that it will take all consents and permissions from the client prior to undertaking any actions in relation to the securities or investment product advised by the investment advisor.
NO RIGHT TO SEEK POWER OF ATTORNEY The Investment Advisor shall not seek any power of attorney or authorizations from its clients for implementation of investment advice.
NO CONFLICT OF INTEREST Investment Advisor does not have any conflict of interest of the investment advisory activities, such conflict of interest shall be disclosed to the client as and when they arise. Investment advisor shall not derive any direct or indirect benefit out of the client’s securities/investment products.
MAINTENANCE OF ACCOUNTS AND CONFIDENTIALITY Investment Advisor shall be responsible for maintenance of client accounts and data as mandated under the SEBI (Investment Advisors) Regulations, 2013. Investment Advisor shall not divulge any confidential information about its client, which has come to its knowledge, without taking prior permission of its client, except where such disclosures are required to be made in compliance with any law for the time being in force.
LIABILITY OF INVESTMENT ADVISOR Investment Advisor shall not incur any personal or cumulative liability by reason of any loss, which a client may suffer by reason or any depletion in the value of the assets under advice, which may result by reason of fluctuation in asset value, or by reason of non-performance or under-performance of the securities/funds or any other market conditions.
REPRESENTATIONS AND COVENANTS The Name of Investment Advisor - Mr. Amit Guruh Sachdeva, Contact No. - 9307714577, Email id - email@example.com Certification Qualification PGDBM (Finance). 1. NISM-Series-X-A: Investment Advisor (Level 1) Certification 2. NISM-Series-X-B: Investment Advisor (Level 2) Certification PGDBM Proprietor is Certification Qualifications Investment Advisor is registered with SEBI as Investment Advisor with Registration No. INA100007745.
SETTLEMENT OF DISPUTES AND PROVISION FOR ARBITRATION No suit, prosecution or another legal proceeding shall lie against the Investment advisor for any damage caused or likely to be caused by anything which is done in good faith or intended to be done under the provisions of the Securities and Exchange Board of India (Investment Advisors) Regulations, 2013. This Agreement is subject to the rules and regulations as are or may be framed/ issued by the Central Government, the Reserve Bank of India (RBI), SEBI, and/or any other competent authority, from time to time. All disputes, differences, claims, and questions whatsoever arising from this Agreement between the Client and Investment Advisor and/or their respective representatives touching these presents shall be in accordance with and subject to the provisions of The Arbitration and Conciliation Act, 1996, or any statutory modification or re-enactment thereof for the time being in force. Such arbitration proceedings shall be held at Indore and the language of the arbitration will be English.
ADHERENCE TO GRIEVANCE REDRESSAL TIMELINES Investment Advisor shall be responsible to resolve the grievances within the timelines specified under SEBI circulars.
SEVERABILITY If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule, or otherwise, the remainder of this Agreement shall not be affected thereby
FORCE MAJEURE The Investment Advisor shall not be liable for delays or errors occurring by reason of circumstances beyond its control, including but not limited to acts of civil or military authority, national emergencies, work stoppages, fire, flood, catastrophe, acts of God, insurrection, war, riot, or failure of communication or power supply. In the event of equipment breakdowns beyond its control, the Investment Advisor shall take reasonable steps to minimize service interruptions but shall have no liability with respect thereto.
MISCELLANEOUS Each party agrees to perform such further actions and execute such further agreements as are necessary to effectuate the purposes hereof Client shall go through the Disclosure Document and Disclaimer before subscribing to the services of the Investment Advisor to make an informed decision for engaging Investment Advisor before investing. The client shall complete the risk profiling questionnaire before subscribing to the product/services suitable to the client Agreed and Accepted
(Proprietor STOCK BENEFITS FINANCIAL SERVICES) Mr. Amit Guruh Sachdeva
So it is our responsibility to inform and explain each and everything to the client about the risk involved in trading and investment in stock markets which can help substantial loss to the tune of erosion of capital involved. Our model of advisory is fee-based which does not include any commission or remuneration, referral fee, and any other payment from any third party or person. The main purpose of preparing this report is to complete the KYC, Risk Profiling, and ‘Client’s service provider agreement’.
The suitability of an investment for a particular person is the very heart of the investment process. This is a fundamental concept both from a legal perspective and in terms of putting investors’ money to work sensibly and prudently. As per Securities Exchange Board of India (SEBI), Investment Advisor Regulations 2013, Regulation 17 gives details about the point which are mentioned in the suitability report and in regulation 19(c) the suitability assessment of advice being provided to the client For Client PARTICULARS DETAILS NAME OF CLIENT … DATE OF BIRTH … RISK SCORE … RISK PROFILE High – Preferred Service Future, Option, Commodity SERVICE Index Option RISK NATURE High – Preferred Service Future, Option, Commodity Risk Bearing Capacity Service Details
PARTICULARS DETAILS NAME OF SERVICE Index Option SUBJECT MATTER
The advice and recommendation are based on fundamental and technical analysis. FRFREQUENCY OFERVICE In this service, We provide Intraday plus holding Recommendations MARKET NSE RISK NATURE High – Preferred Service Future, Option, Commodity Risk Past performance is not evidence for future success, but in every field, the benchmark is important for comparison. Past performance indicates how the service is profitable for the client and prepares the benchmark for calculating profitability and accuracy. We have attached our track sheet record of the services which indicates the success ratio of the Service. The risk profile of Name Of Client indicates that he is a «High» Risk bearer client, in his investment, and the services we recommended for him match his Risk profile. The client is ready to bear all types of Risk. The client is satisfied with the Risk Profile Client is aware of the risk factor involved in the market and service. The client is agreed to all the Disclosures, Terms and conditions, and disclaimers that are mentioned on the website.
ASSESSMENT DONE BY STOCK BENEFITS FINANCIAL SERVICES SEBI Registered Investment Advisors Registration No. INA100007745 with Client (Proprietor STOCK BENEFITS FINANCIAL SERVICES) SEBI Registered Investment advisors Registration No. INA100007745 Disclosure Document The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Investment advisors) Regulations, 2013. The purpose of the Document is to provide essential information about the Investment Advisory Services in a manner to assist and enable the prospective client/client in making an informed decision for engaging Investment Advisor before investing.
Descriptions about “Investment Advisor” History, Present business, and Background Investment Advisor is registered with SEBI as Investment Advisor with Registration No. INA100007745. The firm got its registration on 03/08/2016 and is engaged in advisory services. The focus of an Investment Advisor is to provide investment advice to the clients. Advisor aligns its interests with those of the client and seeks to provide the best-suited advice based on the client’s risk profile. The investment Advisor first tries to understand the client’s return expectations, risk-taking ability & goals, which in turn helps to arrive at an asset allocation suitable for the client. The investment Advisor conducts frequent portfolio reviews and suggests any corrective action/s if required.
Terms and conditions of STOCK BENEFITS FINANCIAL SERVICES are detailed in the client agreement. Please refer to the same for details. Disciplinary history i. No penalties/directions have been issued by SEBI under the SEBI Act or Regulations made thereunder against the Investment advisor relating to Investment Advisory services. ii. There are no pending material litigations or legal proceedings, findings of inspections, or investigations for which action has been taken or initiated by any regulatory authority against the Investment advisor or its Directors, or employees. Affiliations with other intermediaries Investment Advisor has no affiliation with any other SEBI registered intermediaries. Disclosures with respect to Investment Advisor’s own holding position in financial products/securities: Investment Advisor may hold a position in the financial products/ securities advised in its personal portfolio. Details of the same may be referred to through the disclosures made at the time of advice. Disclosures with respect to any actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of investment advisory services. There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of investment advisory services. Such conflict of interest shall be disclosed to the client as and when they arise. Disclosure of all material facts relating to the key features of the products or securities, particularly, performance track record, warnings, disclaimers etc. Clients are requested to go through the detailed key features, performance track record of the product, or security including warnings, disclaimers, etc before investing as and when provided by the Investment Advisor. Such product materials may also be available at www.moneycontrol.com, Investing.com, www.sebi.gov.in or www.nseindia.com, or the respective issuer’s website. Drawing client’s attention to warnings, disclaimers in documents, and advertising materials relating to investment products. The investment Advisor draws the client’s attention to the warnings, disclaimers in documents, and advertising materials relating to an investment product that is being recommended to the client. A brief regarding the risk associated with the investment products is available in the client agreement, same may be referred to before investing in advised products or securities. Mr. Amit Guruh Sachdeva (Proprietor STOCK BENEFITS FINANCIAL SERVICES) SEBI Registered Investment Advisor Registration No. INA100007745 (Type of Registration- Individual, Validity of Registration- Perpetual).
For Client (Proprietor STOCK BENEFITS FINANCIAL SERVICES) SEBI Registered Investment advisors Registration No. INA100007745 & Research Analyst No-INH100005190
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