Financial Advisor Confidentiality Agreement

A confidentiality agreement (NDA), also known as a confidentiality agreement, is used to protect business-owning information. This document is used for estate planning when financial advisors do not share public and/or proprietary information with another financial advisor or financial advisor or organization. It is generally recommended that the agreement be concluded before the disclosure of confidential information. In entering into a confidentiality agreement, the parties concerned acknowledge that all information disclosed during their relationship may be confidential and agree that they will not disclose this information to third parties, except in limited cases of the confidentiality agreement (if any). Recently, we helped a client who was in the middle of an exciting time in his life. After many years of hard work, he sold the business he built and went from a little savings to a life-changing wealth. To be careful with this great financial wind, he came to help us make sure that he made the best possible decisions for his family`s financial goals. For financial planners, customer privacy is similar – but different. For the most part, everything that is discussed with our clients is treated confidentially. This is because the confidential client is a request for certified financial PLANNERTM professionals. Taylor and I are both pros┬«.) When it comes to whether or not the client advisor`s privacy exists, the answer is this: that`s what matters. We have written this legal document for your use before you exchange privileged estate information with another financial planner.

1. The transaction This clause stipulates that the purpose of the agreement is a transaction between the parties. As a legal contract, an NDA has the same requirements for the identification of parties as other contracts. There is also often boilerplate material described the court, in which disagreements will be settled, which pay legal fees and similar cases. NDAs should not be long or complex. Many are simply general models of confidentiality agreements and may include issues that are not relevant to the situation. It is interesting to note that one of the client`s main concerns was the confidentiality of the customer advisor. Buying the business was an incredibly exciting time for our client. But it was also stressful.

When our client came to see us, the details of the buyout were still inside information. He wanted to make sure that the news of the buyout remained public until the right time; He wanted to make sure that what he told us was confidential. Our client, who experienced the purchase of the company, did not check any of the boxes for an exception to customer confidentiality in accordance with the GFP ® Board Standards of Professional Conduct. So when our client asked us for customers confidentially, we let him know exactly what those standards were. And so, our client could count on the fact that the details of his business purchase between him and his professionals CERTIFIED FINANCIAL PLANNERTM would remain. Confidential financial information disclosed may consist of bank documents, tax documents, sales revenue, forecasts, accounting documents, holdings, salary or income information, or other financial information that, when made public, could affect the outcome of a transaction between the parties.