How a Business Hired a Lawyer to Review an Investment Management Agreement in Arizona

In 2024, a business in Arizona sought assistance with reviewing an investment management agreement as they transitioned to having an investment professional actively manage their retirement assets. The client, who had developed a trusting relationship with a fee-only fiduciary planner, needed expert legal guidance to ensure the protection of their substantial investment portfolio, particularly as they were preparing to relinquish control of their assets. They expressed specific concerns about the adequacy of the contractual terms to safeguard against potential losses. As a result, the client received four proposals from qualified lawyers, with flat fee bids ranging from $199 to $550, all submitted to meet the client’s deadline of less than a week.