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

In 2024, a business in Massachusetts sought assistance in reviewing an Investment Management Agreement as they prepared for retirement. With approximately $3 million in retirement savings, the client faced the challenge of selecting a joint investment advisor and was particularly concerned about potential pitfalls in the agreement that might leave them exposed to risks without recourse. They had identified an investment advisor but wanted to ensure that the terms of the contract were thoroughly vetted to protect their interests. As a result, the client received eight proposals from qualified lawyers, with flat fee bids ranging between $300 and $865, all submitted to meet the client’s deadline of less than one week.