Portfolio management agreements must define fiduciary services, client controls, transparent fees, accountability, and dispute resolution mechanisms.

Portfolio manager-client agreements must define the manager's fiduciary role, permitted services, discretionary and non-discretionary responsibilities, investment mandate, client authorisations, risk disclosures, duration, termination, custody and separate client accounts. They must provide for client consent to material changes, access to records, periodic reporting, fee and billing disclosures, and liability provisions. Client liability is restricted to the investment amount, while arrangements for death or disability, assignment, governing law, grievance redressal, dispute resolution and arbitration must also be included.

---

---

---