Document background
The Investment Consulting Agreement is essential for financial services providers operating in Austria who offer professional investment advice and consulting services. It serves as the primary contractual framework between investment consultants and their clients, ensuring compliance with the Austrian Securities Supervision Act 2018 (WAG 2018), the Financial Market Authority Act (FMAG), and other relevant regulations. This document is particularly crucial as it addresses regulatory requirements for client classification, risk disclosure, fee transparency, and conflict of interest management. The agreement is designed to protect both the service provider and the client while maintaining compliance with Austrian and EU financial regulations, including MiFID II implementation requirements. It's typically used when establishing new investment advisory relationships or updating existing arrangements to ensure current regulatory compliance.
